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Visa Credit Card Exchange Rates

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Can anyone tell me how I can check an exchange rate for US dollars on a Visa card applicable on a certain date ? I have a Nationwide CC Visa card which are one of the best but the rate they have charged me seems extremely high. Contacted them and they aid the don't do the rates, check the Visa website. Done this, but nothing there.
"0844 COSTS YOU MORE"
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  • KTF
    KTF Posts: 4,820 Forumite
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    http://www.corporate.visa.com/pd/consumer_services/consumer_ex_rates.jsp

    1 GBP = 1.73 USD / 1 USD = 0.58 GBP at the moment.
  • DanC2
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    I've just been exploring this myself and was told by Mastercard that they use the Visa International exchange rate.

    http://www.corporate.visa.com/pd/consumer_services/consumer_ex_results.jsp?from=GBP&to=USD&rate=0.0

    The Visa site currently quotes a rate of 1 British Pound = 1.77 US Dollars which is clearly wrong! Anyone know the correct rate Visa charge??
  • claire16c
    claire16c Posts: 7,074 Forumite
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    If you go on that visa website you posted it comes up with this, Im not sure where youre getting 1.77 from.

    1 GBP = 1.48 USD / 1 USD = 0.68 GBP
  • DanC2
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    Thanks Claire
    Its working now though at the time i tried it on Friday it was definitely reporting the wrong rates. (I cut and paste the rates into my posting just to be sure)
  • lisyloo
    lisyloo Posts: 29,659 Forumite
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    Its working now though at the time i tried it on Friday it was definitely reporting the wrong rates.

    I wonder if the webpage was "cached" on your computer.
    In which case you need to refresh the page.
  • rbulph
    rbulph Posts: 547 Forumite
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    I made a purchase in euros on Wednesday. Each day, from Wednesday to today (Friday), the VISA site has shown a rate of 1.11. Yet I only got 1.086 on my statement. Admittedly, 1.086 is more like what the euro is actually trading at, but can anyone explain the discrepancy?
  • hippey
    hippey Posts: 849 Forumite
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    We travel to the US quite a bit, and have found the Nationwide Visa CC to be one of the best.

    The visa exchange rate will change every time you use the card, I even found it changed within seconds of making purchases in JC Penny! I got charge 3 different rates, although you were talking extreamly small difference to a number of decimal places.

    I think the VISA site is just a guide, as you will normally be charged the wholesale rate at the time of the transaction and this will vary throughout the day, the visa site does state 'indication' and don't forget that this is for US card holders not GB
    These are my thoughts and no one else's, so like any public forum advice - check it out before entering into contracts or spending your hard earned cash!

    I don't know everything, however I do try to point people in the right direction but at the end of the day you can only ever help yourself!
  • rbulph
    rbulph Posts: 547 Forumite
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    The VISA site seems to be a complete waste of time then. It says currently

    "Currencies fluctuate every day. The rate shown is effective for
    transactions submitted to Visa on December 19, 2008.

    1 Euro = 0.90 British Pounds"</SPAN>

    That seems very misleading.
  • King_Of_Fools
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    rbulph wrote: »
    I made a purchase in euros on Wednesday. Each day, from Wednesday to today (Friday), the VISA site has shown a rate of 1.11. Yet I only got 1.086 on my statement. Admittedly, 1.086 is more like what the euro is actually trading at, but can anyone explain the discrepancy?
    If you used any normal credit car they will have also have loaded in a commission charge of 2.5% to 3%.
  • nomoneytoday
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    rbulph wrote: »

    1 Euro = 0.90 British Pounds"</SPAN>

    That seems very misleading.

    It's not a million miles away. 1 euro is worth about 93p at the moment
    (£1 is worth EUR 1.0735)
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