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Old 14.12.2017, 12:19
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Re: Swiss credit cards - air miles, reward points?

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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
Your link is not to the “real” exchange rate, but rather the mid-rate. No one pays the mid-rate. What you are seeing is the spread and that it is seemingly tighter with MC.
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