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Answers (2)

MasterCard FX fees increasing; still better than Visa

MasterCard FX fees increasing; still better than Visa

  1. Jules

    So I came over here to post the results of the research I’ve been doing lately; and 10 minutes later I’ve spent [URL=’http://onemileatatime.boardingarea.com/2017/03/28/ethiopian-business-class-bangkok-toronto/’]$1500 on this crazy BKK->ADD->YYZ[/URL] deal. Always nice to get sidetracked.. anyway…

    As [URL=’http://onemileatatime.boardingarea.com/2016/05/16/mastercard-international-exchange-rate/’]Lucky has previously posted[/URL], MasterCard offers a better FX rate than Visa. So we know this, but I wanted to collect some more data and get a better feel for it – especially as I push a large amount of spend through a Visa and am looking for options to switch it to a MasterCard with similar rewards.

    I collected a bunch of data and published it with nice charts here:
    [URL]https://fx.sycuse.com/visa-mastercard/[/URL]

    Some interesting results came about; firstly that MasterCard does always offers a better FX rate than Visa – as we knew. But the magnitude of the difference has [B]fallen significantly[/B] since November last year.

    Visa’s FX spread implies a commission of – [B]on average 0.5%[/B], whilst before November 2016 MasterCard took [B]just 0.02%[/B] (!!). MasterCard have sadly been increasing this since late last year, and it now averages (for AUD/USD) 0.2%. That’s a ten-fold increase; but still much better than Visa.

    Let’s see what happens in future.

  2. TexasFlyer

    So you could have as well done some research on Ethiopian Airlines and its frequent error fares – at least do not be surprised if downgraded to economy class. 90+% likelihood

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