Note to self: never use a Swiss credit card for paying in foreign currency. Criminal exchange rate. I got blinded by Migros Bank’s “we do not charge fees” after ZKB screwed me similarly for a EUR payment.

by KarelKruizenruiker

5 comments

  1. Yes, get Wise or Revolut or other, don’t get screwed on fees and fat fx margins

  3. That’s simply a “Rundungsfehler” of Fr. 0.72.

    Or is it a 0.13% fee? 🤔

    I’m not too much into market stuff. But a “fee” (or whatever it actually is) of 0.13% in these dimensions is irrelevant.

  4. Exchange rates are set by VISA/MC. The card issuer has no say in it, they can only add F/X fees.

  5. Use debit Cards for foreign transactions. No fee, however so-so exchange rate.
    Better have a look at neo banks like Yuh: really cheaper exchange rates with no transaction fee compared to traditional bank: a big difference and their debit card is free of charges.

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