View Single Post
  #42  
Old 14.12.2017, 11:35
Treverus's Avatar
Treverus Treverus is offline
Forum Legend
 
Join Date: Dec 2007
Location: Luxembourg
Posts: 11,238
Groaned at 279 Times in 237 Posts
Thanked 20,984 Times in 7,636 Posts
Treverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond repute
Re: Swiss credit cards - air miles, reward points?

Quote:
View Post
Looking at 3 data points from the last month for the USD charged for 1 CHF spent, the average hidden fee (i.e. due to worse rates) for Visa was 0.25% and for Mastercard was 0.07%. This is consistent with the common refrain I'd read that Mastercard is better as a foreign card. The hidden fee is higher than I realized but it does not outweigh the credit card reward benefits.

Dec 2nd - actual rate: 1.0246
V: rate 1.027330, effective fee 0.27%
MC: rate 1.02594, effective fee 0.13%

Nov 25th - actual rate: 1.02095
V: rate 1.024383, effective fee 0.34%
MC: rate 1.021617, effective fee 0.07%

Nov 19th - actual rate: 1.0113
V: rate 1.012762, effective fee 0.14%
MC: rate 1.011526, effective fee 0.022%

sources:
Real exchange rate: http://www.xe.com/currencycharts/?fr...to=USD&view=1M
Visa currency exchange calculator: https://usa.visa.com/support/consume...lculator.html/
Mastercard currency exchange calculator: https://www.mastercard.us/en-us/cons...-currency.html
You must be a bomb at parties...
Reply With Quote
This user would like to thank Treverus for this useful post: