Paying with US VISA card

[Redpossum]

A while back, we had an ongoing thread talking about this, and several of us posted what rates we were being charged. I think it might be interesting to resume this practice.

Today I bought groceries at the COTO and paid with my US VISA debit card.
My bank charged me 1099 pesos to the dollar.

The Blue dollar is currently listed at 1195 / 1215

This is all very close to past experience.

 

[carride]

Everyone gets the rate which is shown by the Exchange rate calculator that Visa provides. Mastercard has their calculator too which is very similar.

The 1099 you mention is what is shown for all day Thursday Jan-02. at midnight it changed to 1089.135977 which is the fixed rate until midnight tomorrow. Only changes on days when there is MEP trading, so the Friday midnight rate stays fixed until Monday night at midnight (Tuesday).

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

 

[Lanick]

AMEX seems to have the worst rate. My uk credit card used to charge almost at the blue rate but not anymore. It is still the best to WU your money and put it into your AR account and use the card and get the discounts. For example Santander got 30% off at COTO on Tuesdays I think. Yesterday used Galicia at Jumbo for 25% off. Many places offer discount for cash. So even if your card charges a good rate still you can do a lot better with cash or a local card.

 

[newtraderoute]

A while back, we had an ongoing thread talking about this, and several of us posted what rates we were being charged. I think it might be interesting to resume this practice.

Today I bought groceries at the COTO and paid with my US VISA debit card.
My bank charged me 1099 pesos to the dollar.

The Blue dollar is currently listed at 1195 / 1215

This is all very close to past experience.

I wonder if it would be different if you are charging not debit?

 

[carride]

I wonder if it would be different if you are charging not debit?

I used a Schwab Visa debit card for the first time last week. It was exactly what the calculator said. Still better for me to use my credit card, just to keep one thing in my wallet.

 

[MJO]

On a tourist visa is it possible to open a bank account in Argentina?