Foreign Exchange Rates on Credit Cards

[Rich One]

With the AFIP limits on transactions being reduced it makes sense that the push to transact in alternate currencies is accelerating. Pretty bold to put a sticker directly on your storefront announcing the tax evasion though.

What does the sticker looks like?

 

[cherepaxa]

I'm confused: the exchange rate on foreign credit/debit cards used to be a tad less than CCL or MEP. Right now, it's less than the official exchange. Does anyone know where to find the up to date info from a reliable source?

 

[lunar]

Does anyone know where to find the up to date info from a reliable source?

On the companies' official websites, of course.

Exchange Rate Calculator - Currency Converter

Exchange Rates & Currency Conversion Calculator - Use the converter to get an indication of the rate you may receive when using your Visa card. Learn more.

usa.visa.com

Mastercard Currency Converter | Currency Exchange Rate Calculator

Mastercard currency converter tool calculates foreign exchange rates for all the major currencies worldwide to enable cross-border purchases and ATM transactions.

www.mastercard.us

 

[cherepaxa]

On the companies' official websites, of course.

Exchange Rate Calculator - Currency Converter

Exchange Rates & Currency Conversion Calculator - Use the converter to get an indication of the rate you may receive when using your Visa card. Learn more.

usa.visa.com

Mastercard Currency Converter | Currency Exchange Rate Calculator

Mastercard currency converter tool calculates foreign exchange rates for all the major currencies worldwide to enable cross-border purchases and ATM transactions.

www.mastercard.us

These websites never reflected accurate exchange rate for ARS, so no. I'm asking people who actually know.

 

[LuckyLuke]

These websites never reflected accurate exchange rate for ARS, so no. I'm asking people who actually know.

I use a credit card daily (MC) and haven't received any exchange rate below oficial. Are you using an Amex?

 

[carride]

These websites never reflected accurate exchange rate for ARS, so no. I'm asking people who actually know.

I actually know. And many people know as well. What @lunar explained is exactly how it is. Almost every time I use my card or before planning a bigger purchase I check those two sites depending on Visa or Mastercard. The rate shown by their calculator is exactly what my banks show on my statement. At least for USA banks.

It has been that way since Dec-23 when the government changed the credit cards to XE at a rate approximately a bit less than the MEP rate. Those two credit cards only change the rate once per day.

 

[carride]

has been that way since Dec-23 when

I meant to say dec-22. Just search thru the forums here. It has been discussed many times https://www.mastercard.com.ar/es-ar/consumidores/beneficios-para-extranjeros-english.html

 

[AdrianB]

These websites never reflected accurate exchange rate for ARS, so no. I'm asking people who actually know.

So confident and so wrong at the same time.

 

[cherepaxa]

I use a credit card daily (MC) and haven't received any exchange rate below oficial. Are you using an Amex?

Using Visa and getting a rate below official, instead of below MEP like it used to be before.

 

[cherepaxa]

I actually know. And many people know as well. What @lunar explained is exactly how it is. Almost every time I use my card or before planning a bigger purchase I check those two sites depending on Visa or Mastercard. The rate shown by their calculator is exactly what my banks show on my statement. At least for USA banks.

It has been that way since Dec-23 when the government changed the credit cards to XE at a rate approximately a bit less than the MEP rate. Those two credit cards only change the rate once per day.

$1097 (what I'm getting from both my Visas) is not a bit less than MEP, it's a LOT less. hence my question. if you don't know the answer, don't respond, people won't think less of you.