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@ReutersBiz: AmEx's forex unit being probed by FBI over pricing practices: WSJ https://t.co/tAKy1zOZj1

@ReutersBiz: AmEx's forex unit being probed by FBI over pricing practices: WSJ https://t.co/tAKy1zOZj1 submitted by -en- to newsbotMARKET [link] [comments]

[Business] - AmEx's forex unit being probed by FBI over pricing practices: WSJ

[Business] - AmEx's forex unit being probed by FBI over pricing practices: WSJ submitted by AutoNewsAdmin to REUTERSauto [link] [comments]

@WSJ: AmEx's forex division’s commissions-driven culture was cited by current and former employees as fueling the practice https://t.co/G4YMh5KsZe

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@WSJ: AmEx's forex division’s commissions-driven culture was cited by current and former employees as fueling the practice https://t.co/G4YMh5KsZe

@WSJ: AmEx's forex division’s commissions-driven culture was cited by current and former employees as fueling the practice https://t.co/G4YMh5KsZe submitted by -en- to newsbotMARKET [link] [comments]

@Reuters: AmEx's forex unit being probed by FBI over pricing practices: WSJ https://t.co/Fxohr316v0

@Reuters: AmEx's forex unit being probed by FBI over pricing practices: WSJ https://t.co/Fxohr316v0 submitted by -en- to newsbotbot [link] [comments]

[Business] - AmEx's forex unit being probed by FBI over pricing practices: WSJ | REUTERS

[Business] - AmEx's forex unit being probed by FBI over pricing practices: WSJ | REUTERS submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

AmEx's forex unit being probed by FBI over pricing practices: WSJ

AmEx's forex unit being probed by FBI over pricing practices: WSJ submitted by ocamlmycaml to EconNews [link] [comments]

[AMEX] Screwed by a hotel mistake and, I presume Forex - GBP-EUR.

So on checking out I didn't notice an extra digit, rather than ~£1000 I was charged ~£10000. I did notice it next day when putting papers away... A Phone call and although they did re-fund and re-charge - I'm about £60 out of pocket - for the hotel mistake. Hotel is being none responsive now. It's "only" sixty quid - but point of principle - It wasn't my error - so I shouldn't have to pay. Any advice ? (Yeah I know check more when running for taxi etc) Edit - Hotel got back in touch and have sorted it. Yay! Smashing.
submitted by daftputty to UKPersonalFinance [link] [comments]

AmEx’s forex unit being probed by FBI over pricing practices: WSJ

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[World] - AmEx probed in US on forex pricing: source | France24

[World] - AmEx probed in US on forex pricing: source | France24 submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

AmEx’s forex unit being probed by FBI over pricing practices: WSJ

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[World] - AmEx probed in US on forex pricing: source

[World] - AmEx probed in US on forex pricing: source submitted by AutoNewsAdmin to FRANCE24auto [link] [comments]

AmEx’s forex unit being probed by FBI over pricing practices: WSJ

AmEx’s forex unit being probed by FBI over pricing practices: WSJ submitted by thefeedbot to OneAmericaNews [link] [comments]

AmEx’s forex unit being probed by FBI over pricing practices: WSJ

AmEx’s forex unit being probed by FBI over pricing practices: WSJ submitted by peterboykin to TheMAGANetwork [link] [comments]

OANN: AmEx’s forex unit being probed by FBI over pricing practices: WSJ

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@WSJ: Employees say the AmEx unit targeted smaller businesses because they’re less likely to have employees who closely track forex transactions https://t.co/4hXZrLKlnn

@WSJ: Employees say the AmEx unit targeted smaller businesses because they’re less likely to have employees who closely track forex transactions https://t.co/4hXZrLKlnn submitted by -en- to newsbotbot [link] [comments]

@WSJ: Employees say the AmEx unit targeted smaller businesses because they’re less likely to have employees who closely track forex transactions https://t.co/4hXZrLKlnn

@WSJ: Employees say the AmEx unit targeted smaller businesses because they’re less likely to have employees who closely track forex transactions https://t.co/4hXZrLKlnn submitted by -en- to newsbotMARKET [link] [comments]

Need some help comparing the value of double Amex points for travel vs Amazon.ca visa with 0 forex fees.

I have an Amex Gold and just got an Amazon Canada Visa. These will be my one/two for foreign travel and travel related purchases.
These will be definite plans of attack I'm thinking:
Both the above points have little to no overlap so work well together (unless there are places that don't take Amex, or only take cash).
My question is, while overseas, if I am paying for hotels or intra-European flights, for example, is it better to pay with Amex Gold (which will have forex fees, 2.5% I think) but get the double points for that purchase, or pay with my Amazon.ca card which has no forex fees?
Edit: I guess the better question is, can I quantify an Amex point? Near as I can get, it is worth 1.5-2 cents.
submitted by TravellingBeard to PersonalFinanceCanada [link] [comments]

@MarketWatch: AmEx quietly hiked forex prices on business clients without warning, employees say https://t.co/o00HjHYwo4

@MarketWatch: AmEx quietly hiked forex prices on business clients without warning, employees say https://t.co/o00HjHYwo4 submitted by -en- to newsbotMARKET [link] [comments]

Does forex conversion rate vary for brand of card within the same bank?

Is it possible for BDO to charge foreign currency expenses differently based on the brand of card used? According to the general credit card table of fees & charges “assessment rate of 1% plus service fee of 1.5% of the converted amount based on the forex rate of visa/mastercard/etc and BDO at the time of posting”, while the amex table says “a conversion factor of 2.5% will be applied to the converted amount, of which 1% is retained by amex”. Are they different or are they essentially the same thing just worded differently? Thank you.
submitted by njorange to PHCreditCards [link] [comments]

Good travel reward cards

Anybody have any recommendations for travel reward cards? Currently using the Cibc Aventura card but seeking to to increase my capability of earning points. To give an example I was looking into the Aventura Good Visa card.
submitted by CHAAAAAAAA18 to PersonalFinanceCanada [link] [comments]

Best non-airmiles (cash back?) credit card in Singapore

I have always used an airmiles card for Singapore Airlines miles. I might not be flying in the near future so thought about applying for a second credit card, and I thought cashback is the best deal right now. Has anyone researched the best cashback credit cards?
I thought the only ones worth considering are:
- UOB One card - gives you fixed cashback of SGD300 if you spend at least SGD2,000/month for 3 consecutive months (or 5% cashback if you spend exactly SGD2,000/month as you get no cashback for the excess) and fixed cashback of SGD50 or SGD100 if you spend at least SGD500/month or SGD1,000/month, respectively for 3 consecutive months (or 3.3% cashback if you spend exactly the minimum) (but dealing with UOB is the most painful experience on the planet; this is a bank that will send you a SMS that they sent you a physical letter to ask you to send them an e-mail)
- American Express True Cashback - 3% on first SGD5,000 if you spend SGD5,000 within first 6 months; 1.5% otherwise with no minimum (great as a second card if you hit the cap of another card and regularly spend beyond the SGD2,800 spend limit for cashback of the UOB One; also gives you 2.5% cashback on non-SGD spend but you would save by using Transferwise or a similar challenger bank card to pay for lower forex rather than paying an inflated credit card forex rate and getting 1% back)
- HSBC Advance - SGD150 on first SGD800 if you spend SGD800 in first month; 1.5% up to SGD70/month otherwise (2.5% if you are HSBC Advance client); 2.5% for dining, utility and telco bills with SGD2,000/month minimum spend (could be useful as a second card like the Amex True Cashback)
- UOB YOLO - gives you 8% cashback (capped at SGD60/month or cash back on up to SGD750/month spend) on weekend dining, entertainment and Grab (3% on weekdays) with minimum SGD600/month spend (could be useful if you are ordering fancy weekend takeout a lot right now)
- OCBC 365 - gives you 6% cashback (capped at SGD80/month or cash back on up to SGD1,333/month spend) on dining and online food orders, and 3% cash back on grocery, telco and utilities, with minimum SGD800/month spend (could be useful if you are ordering a lot of takeout right now, but OCBC is also harder to deal with)
- DBS Live Fresh - gives 5% cashback capped at SGD60/month but requires minimum spend of SGD600/month; gives actual monthly cashback of up to SGD20 on SGD400 per category for "online", "eligible Visa Contactless", and all other spend (you get up to SGD40/month cashback on SGD800/month spent in two broad categories (online and Visa contactless) but a lot of hassle for up to 3 x SGD20/month and useful only if you spend so much (and still want to squeeze out this SGD60/month of cashback!) that you max the cap on the better cards; again, you might make a loss by forgetting about the card and having to pay late fees, annual renewal fee, etc)
- Maybank Friends and Family - 8% cashback (capped at SGD80/month or cash back on up to SGD1,000/month) on groceries (including online grocery), fastfood (including Deliveroo and Foodpanda), petrol, ride hailing, and telco, with minimum SGD800/month spend to receive 8% rate (useful if you spend closer to SGD1,000/month on groceries but that's not everyone)
Other options (that are nowhere as good as they first seem) would be:
- Citi SMRT - gives 3% cashback on "online" shopping and 5% on selected groceries, McDonalds and other fastfood, Starbucks and other coffee, movie; minimum spend of SGD300/month (plus 2% on ez-Link top up, if you want a couple of dollars more a month!) (looks like a huge hassle because you get "SMRT$" instead of real dollars up front; could be useful as a second card if you max out the caps of the better cards, carefully check if a merchant counts as "online", and if you buy your groceries at Fairprice, Giant or Sheng Shiong)
- Citi Cash Back - gives 8% cashback capped at SGD75/month for dining, grocery and petrol but requires minimum spend of SGD888/month; gives actual monthly cashback of up to SGD25 on SGD312.50 per category for dining, grocery and petrol (a lot of hassle for up to 3 x SGD25/month, you might make a loss by forgetting about the card and having to pay late fees, annual renewal fee, etc)
- POSB Everyday - could be useful if you shop at Sheng Siong and the other places covered by the card
- Bank of China family - gives you 10% cashback on dining of up to SGD25/month on SGD250/month and 3% on online shopping, with minimum SGD800/month spend (if you want to do the accounting acrobatics to keep track of the details...)
- QUESTION - Maybank Visa Infinite - featured in the Straits Times June 14, 2020 edition as being the only card that racks up rewards points for insurance premiums, but I cannot figure out the card based on the Maybank website. It emphasises air miles as its perks and says it has a SGD600 annual fee (waived for SGD60,000 annual spend).
Has anyone else applied for non-airmiles cards? Happy to hear people's thoughts.
UPDATE: I was wondering what the best spending plan is for someone who spends at least SGD2,000-3,000/month. Below that, you should focus on the minimum spend for one card and above that, you would put the excess in a card like the Amex, Standard Chartered or HSBC Advance with a no cap 1.5% cash back.
I was thinking:
DBS Live Fresh - Spend your first SGD800/month of online and Visa contactless on this card (two broad categories) for 5% cash back
UOB Yolo or OCBC 365 - Spend up to SGD 750 or SGD1,333/month on weekend dining or dining and other qualified spend here for 8% or 6% cash back
UOB One - Put your spend that does not go to a higher cash back card here and make sure you hit exactly SGD500, 1,000 or 2,000/month for SGD50, 100 or 300 cash back/quarter (again, you get no cash back for the excess)
American Express True Cash Back - Put your spend here after you hit the monthly target on the UOB One
UPDATE: I tried applying for the UOB One, took UOB two months to process my application, then they say after approval, they need two business days to process the release of the actual credit card then two business days to deliver. I tried HSBC, Amex and DBS and they processed and delivered the actual card on the third business day after application (not after approval but after submission of the application)
submitted by josemartinlopez to singapore [link] [comments]

Amex FX International Payments -- How to set up exchange rate alerts? All about our Multi-Currency Forex Card 95% Winning Forex Trading Formula - Beat The Market Maker📈 Amex FX International Payments -- The easy way to trade online. Amex Black Card Hikes Annual Fee, Adds New Benefits Why Choose American Express for Foreign Exchange?

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Amex FX International Payments -- How to set up exchange rate alerts?

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