Chase Bank

[OnMyWay]

4 hours ago, JJReyes said:

Transactions using a U.S. credit card in the Philippines are processed by a local bank, which is under the jurisdiction of the Bangko Sentral.  Technically, an international network of Clearinghouses is involved.  Both Visa and Mastercard are brands of two independent companies affiliated with American banks.  Most of the shares are owned by banks who subscribe to their services.  

Many of my credit card transactions are via BDO system.  Recently, Maya seems to be getting in on it.

Regardless, my Cap One Mastercard shows the exchange rate on my statement.  Every time I checked, that was super close or exactly the rate on the Mastercard website. I have no idea where / how the exchange rate is determined, but it always seemed like Mastercard was in control.

I have not checked recently.  Here is a transaction from January.  My SDFCU Visa also shows the rate, but I have never cross checked it.

 

[craftbeerlover]

4 hours ago, OnMyWay said:

Many of my credit card transactions are via BDO system.  Recently, Maya seems to be getting in on it.

Regardless, my Cap One Mastercard shows the exchange rate on my statement.  Every time I checked, that was super close or exactly the rate on the Mastercard website. I have no idea where / how the exchange rate is determined, but it always seemed like Mastercard was in control.

I have not checked recently.  Here is a transaction from January.  My SDFCU Visa also shows the rate, but I have never cross checked it.

 

I have checked mine a couple of times, and I am also getting basically the most up-to-date exchange rate.  My card is a Chase card.  No foreign transaction fee and the current exchange rate; use it for about 85 percent of all my purchases

[Imaginos]

Visa and Mastercard both publish the rates you will get doing a conversion. 

https://usa.visa.com/support/consumer/travel-support/exchange-rate-calculator.html

https://www.mastercard.us/en-us/personal/get-support/convert-currency.html