The exchange rates for foreign currencies used are set by the issuer. They are based on the usual market sources and rates from card networks.
Purchases in foreign currencies are converted on the day on which the transaction is electronically processed by the issuer. There may be several days between the purchase date and processing date. This depends on when the transaction is forwarded to the issuer by the retailer. For technical reasons, in the case of certain transactions with Mastercard, the foreign currency exchange rate from the day before the processing date or the authorization date is used instead of the exchange rate on the day of processing.
Yes, the applied exchange rates are still listed on the credit card statement for every transaction. Besides the rate, the handling fee percentage for foreign currency transactions is also noted.
The rates are always available here for 3 months after publication.
For any other questions, please contact us using the HELP line. You can find the phone number on the back of your credit card or on your statement.
