14.12.2017, 11:35
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 | Forum Legend | | Join Date: Dec 2007 Location: Luxembourg
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| Re: Swiss credit cards - air miles, reward points?
| Quote: | |  | | | 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...
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