Foreign credit cards purchases at MEP rate

[Redpossum]

Tourist dollar quintuples foreign spending in January - Buenos Aires Herald

Tourists spent US$5 million per day through official channels, five times more than in 2022

buenosairesherald.com

Hmm, it says 355
I only got 333

 

[Pat Murphy]

Hmm, it says 355
I only got 333

Ditto

 

[Redpossum]

Still, it's hugely convenient. And TBH the last time I sent myself money with WU, I only netted about 329 after their 11% fee was added in.

 

[steveinbsas]

Still, it's hugely convenient. And TBH the last time I sent myself money with WU, I only netted about 329 after their 11% fee was added in.

I sent myself $399 USD by WU yesterday and netted $344.

The fee was $24.99 (6.236%).

I made the transfer yesterday morning using my Schwab debit card and the funds were deposited into my Santander Rio savings account just before 6 pm.

I immediately paid off my Santander Rio credit card in full (about $125.000) pesos. The payment was credited to my Visa account before 9 am this morning (faster than ever before), adding that amount to my availble credit to make purchases that I will pay for a month from now.

I went shopping on Mercado Libre this morning, noticing a number of price increases in the 5%-10% range that happened just since yesterday.

 

[Redpossum]

I sent myself $399 USD by WU yesterday and netted $344.

The fee was $24.99 (6.236%).

I made the transfer yesterday morning using my Schwab debit card and the funds were deposited into my Santander Rio savings account just before 6 pm.

I immediately paid off my Santander Rio credit card in full (about $125.000) pesos. The payment was credited to my Visa account before 9 am this morning (faster than ever before), adding that amount to my availble credit to make purchases that I will pay for a month from now.

I went shopping on Mercado Libre this morning, noticing a number of price increases in the 5%-10% range that happened just since yesterday.

Sounds like you've got it all figured out, and wrangled yourself a pretty sweet deal. Congratulations!

 

[nikad]

Just made a payment on MercadoPago with my Chase Bonvoy Visa + DNI, lets see what happens. It was 25500 ARS. Will post results.

 

[Redpossum]

Just made a payment on MercadoPago with my Chase Bonvoy Visa + DNI, lets see what happens. It was 25500 ARS. Will post results.

Suerte!

 

[nikad]

Suerte!

Afaik foreign cc + any DNI number, or expat resident DNI has worked. Now lets see what happens when I clearly show I am an Arg citizen using foreign cc + DNI.

 

[Johnny]

Just made a payment on MercadoPago with my Chase Bonvoy Visa + DNI, lets see what happens. It was 25500 ARS. Will post results.

My Visa purchases take 3-4 days to clear. Suerte!

 

[Redpossum]

In a way it's amusing that this is such a red-hot subject, the thread is now 44 pages long. OTOH, that article MilHojas posted at the end of page 43 says that foreign spending quintupled in January. That's a lot of extra dollars flowing into the BNA's coffers, and I expect that the government will do whatever it can to keep those shekels coming in.

Of course, with tourist season drawing to an end, that will slack off some, but I do suspect the shilingi will keep flowing, due in large part to people like us here at BAExpats.