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Foreign exchange rates used for Credit Card purchases

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Posted by thewinchester thewinchester
Message 1 of 4 4,411 Views

Which foreign exchange rates apply to purchased charged to BWA-issued credit cards, and scheme issued debit cards?

 

Are they the rates listed at http://www.bankwest.com.au/personal/international/foreign-exchange/foreign-exchange-rates, and if so, which column applies?

 

Also, if this aforementioned page does apply, where can we see the forex rates from previous dates - i.e. what was the rate on the day the transaction was settled?

 

OR presuming the account holder is issued a Mastercard product - should the rates displayed by the MasterCard Currency Conversion Tool (https://www.mastercard.com/global/currencyconversion/) be used for this purpose?

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Re: Foreign exchange rates used for Credit Card purchases

Posted by LyndsC LyndsC
Message 2 of 4 4,406 Views

Hi @thewinchester, as Bankwest credit and debit cards are issued by MasterCard, the exchange rate is determined by them, so the currency conversion tool you posted would be the best way to check these rates daily. Thanks!

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Re: Foreign exchange rates used for Credit Card purchases

Posted by PeteW PeteW
Message 3 of 4 4,403 Views

Great question by the way @thewinchester - keeping us on our toes like @cgm Smiley Very Happy

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Re: Foreign exchange rates used for Credit Card purchases

Posted by cgm cgm
Message 4 of 4 4,388 Views

Thanks for these links @thewinchester!

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