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Credit Card Currency Exchange Rates

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  • 18-12-2008 3:01pm
    #1
    Keyzer
    Registered Users Posts: 4,331 ✭✭✭


    Anyone know where I can find the currenct exchange rates for credit cards?

    In particular, BOI Advantage Mastercard....


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    #2
    Tester46
    Registered Users Posts: 557 ✭✭✭Tester46


    Keyzer wrote: »
    Anyone know where I can find the currenct exchange rates for credit cards?

    In particular, BOI Advantage Mastercard....


    Also, is there any control over what rates a credit card company applies to your purchases or can they pretty much charge you whatever rate they feel like?


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    #3
    gerrycollins
    Registered Users Posts: 1,799 ✭✭✭gerrycollins


    Keyzer wrote: »
    Anyone know where I can find the currenct exchange rates for credit cards?

    In particular, BOI Advantage Mastercard....

    ring the customer service number on the back of the card.


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    #4
    penexpers
    Closed Accounts Posts: 4,038 ✭✭✭penexpers


    Keyzer wrote: »
    Anyone know where I can find the currenct exchange rates for credit cards?

    In particular, BOI Advantage Mastercard....

    The rates change all the time. Any info you get (if you get any off the banks) may very well be incorrect an hour later.

    Use xe.com/ucc as a decent guideline.


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    #5
    Keyzer
    Registered Users Posts: 4,331 ✭✭✭Keyzer


    XE is currently showing GBP to EUR as 0.94396...

    No chance any bank is going to give me the same rate...

    BOI card services are a joke, they cant tell me the rate applied to cards because they dont have a currency converter..

    Update -

    The purchase I enquired about was a £680, the total in Euro would be €825 including a 1.75% handling fee...

    That means that for £680 you are charged €810 - exchange rate = 83.95%

    What a shower of bastards...

    Having said that, the bloke on the phone sounded like a complete muppet...


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    #6
    MOH
    Registered Users Posts: 6,465 ✭✭✭MOH


    Visa's corporate website gives a current (effective today) rate.

    You need to know the fee your bank charges you on exchanges (if any) to get an accurate value though.
    Can't seem to find a Mastercard equivalent though.


    [edit]
    There doesn't seem to be one anywhere. I'd phone your card customer service as gerrycollins said, they should tell you.


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    #7
    LiamD
    Closed Accounts Posts: 511 ✭✭✭LiamD


    I rang BOI about this before. I have a BOI Student Mastercard.

    I was told that BOI don't set the rate, Mastercard do so BOI don't really come into it. I have looked around for Mastercard rates before and never found them but xe.com was suggested as a guide.


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    #8
    Keyzer
    Registered Users Posts: 4,331 ✭✭✭Keyzer


    MOH wrote: »
    There doesn't seem to be one anywhere. I'd phone your card customer service as gerrycollins said, they should tell you.

    Already done - see above...


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    #9
    MOH
    Registered Users Posts: 6,465 ✭✭✭MOH


    Keyzer wrote: »
    Already done - see above...

    Doh! Sorry, I should learn to read properly


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    #10
    Keyzer
    Registered Users Posts: 4,331 ✭✭✭Keyzer


    MOH wrote: »
    Doh! Sorry, I should learn to read properly

    No worries man - thanks to all for your advice and suggestions...


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    #11
    seamus
    Registered Users Posts: 68,317 ✭✭✭✭seamus


    The last GBP charge to my BOI card was on the 11th of December and the rate I got was 0.8620 per euro. According to http://www.oanda.com/convert/fxhistory that's about 4 days behind the actual rate, which isn't bad.


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    #12
    mgsrocks
    Registered Users Posts: 601 ✭✭✭mgsrocks


    seamus wrote: »
    The last GBP charge to my BOI card was on the 11th of December and the rate I got was 0.8620 per euro. According to http://www.oanda.com/convert/fxhistory that's about 4 days behind the actual rate, which isn't bad.

    I got £0.88 from mastercard last week when it was £0.90.

    I think its usually about 2 cent less then what xe shows.


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    #13
    the groutch
    Closed Accounts Posts: 16,096 ✭✭✭✭the groutch


    credit card is still the best method imo, I doubt you'll ever get better than 2% off interbank if you buy sterling from a bank, and you have the benefits of always having the right amount, up to 57 days credit, etc


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