Hi guys, I've been using 28 Degrees for a very long time and it has served me well. But have noticed in the last couple of years their conversion rates are not as good as in the past.
Is there anything better out there, in terms of no fees and good conversion rates?
Thanks.
Are you sure its the card and not the poor performance of our Aussie dollar?
Conversion rates should just be the equivalent here which pretty much every forex fee free Mastercard would follow
https://www.mastercard.us/en-us/personal/get-support/convert…
Visa has a similar site to check their exchange rates
But have noticed in the last couple of years their conversion rates are not as good as in the past.
Compared to what, and which currencies?
Just used mine last night and pretty sure I got a better rate than the one quoted on xe.com
I've been looking at the spot exchange rates on Bloomberg (i.e. live market pricing). Pretty sure in the past the conversion rates came in closer to the rates I used to see on Bloomberg … or maybe my memory fails me!
What do you mean by this? They just use the mastercard exchange rate for the day. When you pay, always make sure you let the card do the conversion. I know paypal conversion you will always be worst off.
The mastercard link isn't working on the 28D site but should be this one -
https://www.mastercard.com/global/en/personal/get-support/co…
EDIT: just to add on top of my comment and to answer your question - I believe 28D is still the best credit card to use for overseas purchases/transactions.