The fact you have quoted "better than" though clearly shows we are not talking like for like. XE rates are dynamic, rates used by banks are frequently not as dynamic, so depending on when they were set and how the rate has moved in the meantime you can gain or lose on the conversion. Fair enough but that's a different thing to comparing like for like.
I'm talking about what XE lists as their historical rate for the day, as opposed to the floating rate. Semantics aside, we are talking about a sub 1% variation from the quoted interbank rate vs 3-6% for travel and most credit cards, which was the theme of the last few posts. I.e that you can get almost the exact XE rate on foreign transactions so there's no point paying a premium for this card unless there is a bonus offer.