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September 20, 2007
Correction on AMEX rate
Whoops a quick correction on the exchange rate given by AMEX on my previous post. 13,760 was not the exchange rate. After a quick call to AMEX we established that their system is not displaying the full information. AMEX told me that the exchange rate on that day was 183.68 Rp per 1 GBP.
This doesn't make sense, unless you multiply everything by 100. See 13,760 is the actual amount of my spending which was Rp 1,3760,000. And the exchange rate at that day was £1 = Rp 183,680.
The AMEX system must not be able to cope with such a high exchange rate :) I wonder how they deal with Zimbabwean dollars.
Posted by vhadiant at 06:46 PM | Comments (0) | TrackBack
September 12, 2007
Horrible exchange rate from American Express
On my recent trip back to Indonesia & Sydney, I've used my two (UK) cards to pay & withdraw money from the cash machine. HSBC gave me a rather good rate at around Rp 18,300 for £1 and AMEX shockingly gave me a mere Rp12,600 for £1. That's insane! I can't believe how bad the exchange rate given by AMEX.
I made two purchase around the same amount in Indonesia, using my AMEX card cost me £18 more than HSBC card. This is a good lesson to be learnt, never ever use AMEX outside the original country of origin (in this case UK). I've been using AMEX locally because of its cashback feature, they're giving up to 1.5% back from your total purchase. Granted it's only 1.5% but it's better than nothing.
Anyway ... no more AMEX overseas for me!
Posted by vhadiant at 08:00 PM | Comments (0) | TrackBack
