28 Degrees card exchange rate?

[Fifa]

Interestingly, I bought 2 lots of US dividend miles, first one on 29 March and the second one on 13 April and for both transactions my 28 degree MC was charged $1,817.28 (Aussie), rate of $0.965996. I didn't think that the FX rate was identical on both days, I expected to pay more for the second transaction.

Now that's interesting...
I purchased US Dividend Miles on 14 April and the price was exactly the same - $1,817.28!

 

[Fifa]

Now that's interesting...
I purchased US Dividend Miles on 14 April and the price was exactly the same - $1,817.28!

And I purchased US DM for relatives on the 15th April with the exchange rate exactly the same!

 

[JohnK]

If I can be slightly critical of 28 Degrees it is that the foreign currency amount does not appear when using the service centre or on the statement.

 

[Fifa]

If I can be slightly critical of 28 Degrees it is that the foreign currency amount does not appear when using the service centre or on the statement.

Yes, that annoys me too.
Surely if other providers can do it, so can 28 Degrees.

 

[serfty]

If I can be slightly critical of 28 Degrees it is that the foreign currency amount does not appear when using the service centre or on the statement.

Strange?

While the Forex it does not appear online, if believe it does appear on the statement ...

 

[travelislife]

Definitely on the statement, I just checked. I am pretty sure when it was still branded as wizard they showed the forex in the online transaction account.

 

[Fifa]

Yes, I should have been more specific. The exchange rate is detailed on the statement.
But I like to see it on-line after I make a transaction - as travelislife stated it used to show on-line with Wizard.

 

[kpc]

Yes, I should have been more specific. The exchange rate is detailed on the statement.
But I like to see it on-line after I make a transaction - as travelislife stated it used to show on-line with Wizard.

Agree. I have sent feedback to 28 degrees about the lack of Fx on the online statement; they promised to look into it...this was over a year ago, so I won't be holding my breath of anything changing soon!! So now, I have to hang onto my foreign currency receipts so i know how much is spent before I can reconcile when my end of month statement arrives. You can ring up the call centre, and they can tell you the foreign amount charged but this is a pain and hassle...small price to pay I guess to receive the great Fx on this card!

 

[JohnK]

Strange?

While the Forex it does not appear online, if believe it does appear on the statement ...

Foreign exchange amount is appearing on the statement now.

Which statement did I look at the other day? Is there an interim statement?

 

[serfty]

Two statements sources:

Fist is the one you can have mailed to you every moth for the princely sum of 50¢; the other is the monthly .pdf you can generate online on demand. The latter can not be done for transactions in the current non statemented month.

 

[JohnK]

I get the paper statement but when I looked online the other day the online statement must not have been ready and was still showing me the current month.

 

[Danger]

What's the best way to get an indication as to what the exchange rate will be when I withdraw foreign currency from this card?

For example, if I was to withdraw say, SGD1000, is there a way of working out roughly the exchange rate that would be used on a given day?

Obviously I don't want to overdraw

 

[serfty]

From the 28 Degrees website: (http://www.28degreescard.com.au/questions/faqs.html)

How is the foreign exchange rate calculated?

The foreign exchange rate is calculated by MasterCard International on a daily basis according to daily foreign exchange fluctuations. The conversion will consist of two calculations if the transaction is made in foreign currency – it will first be converted to US dollars and then calculated to Australian dollars for listing on your transactions.

Really, site such as these are you best guide:

http://www.oanda.com/currency/live-exchange-rates/AUDUSD/

 

[Danger]

From the 28 Degrees website:

Thank you but that doesn't really help me. How do I find what rate they'll use for US dollars and then for AU dollars? Or is this not something that can be determined?

 

[serfty]

Live Exchange Rates - AUD/USD | OANDA

will assist ...

So will this:

http://www.xe.com/currencycharts/?from=AUD&to=USD&view=1D

 

[JohnK]

Thank you but that doesn't really help me. How do I find what rate they'll use for US dollars and then for AU dollars? Or is this not something that can be determined?

How accurate do you want to be?

If you are thinking of loading up the card and using it for cash advances overseas and you go over by $10 or so then this is not going to amount to very much interest. If any at all.

 

[Cynicor]

Don't bother going through the two changes. As the rate is so close to market as to be practically indistiguishable, just used SGD to AUD on xe.com. Sometimes you will even come out ahead,

 

[Danger]

I'm in Hong Kong at the moment and working on getting an xr of 7.35. Today's forex rate is about 7.50.

 

[power71]

I have a $1000 limit card just approved and travelling very soon to South America. Can anyone confirm if I put money onto the card to effectively increase my available credit before I go, will I be charged 20.9% interest on cash advances (ATM withdrawals) whilst away? They promote no ATM fees but for cash advances, interest is charged from the day of the transaction at 20.9% or thereabouts?

 

[moa999]

interest from date of txn, but bpay the rough withdrawal a day later and cash advance paid first.