What are the FX rates on the Bankwest Qantas cards like?
5 replies
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Greg84
Greg84
Member since 03 Nov 2014
Total posts 130
What are the FX rates on the Bankwest Qantas cards like? I currently operate the 28 Degrees/Citi Plus Savings combo for OS travel, but obviously earn no points for my spend. I know there are no conversion fees, but interested in people's experience with the rate used. Cheers
PeterLoh
PeterLoh
Qantas - Qantas Frequent Flyer
Member since 25 May 2012
Total posts 356
I've always received the Mastercard interchange rate on my Bankwest cards (or close to it), so it's a great rate.
Greg84
Greg84
Member since 03 Nov 2014
Total posts 130
Great, thanks for the reply
ji
ji
Member since 14 Jan 2013
Total posts 24
I think that the exchange rate is a globally set rate by Visa and Mastercard - not the card issuers. Therefore, if you used the cards at exactly the same time (and they were the same brand i.e. Visa) then you would receive exactly the same FX rate.
deanr
deanr
Member since 04 May 2015
Total posts 58
That's correct for the baseline rate, but some banks pad this rate and swing it firmly in their favour, before then charging customers an extra ~3% fee on top to really clean up.
TomTom77
TomTom77
Qantas - Qantas Frequent Flyer
Member since 03 Nov 2015
Total posts 46
The Bankwest Qantas platinum is my favorite card for FX, it's the only Qantas credit card that has a 0% transaction fee. Most other credit cards are around 3%