The Best Credit Card For Accumulating Air Miles for Overseas Transactions

Hi guys, by now you would know that the RHB Premier Banking Visa Infinite is the best credit card for overseas transactions, that is if you are into Enrich Miles. If you are new to my blog and want to know which credit card is the best for accumulating Air Miles (Enrich or KrisFyyer ot Asia Miles) from both Local and Overseas transactions, please click here to my Air Miles Page.

For your easy reference, here are the comparison between Maybank vs UOB vs RHB Visa Infinites:

UOB Visa Infinite: 1 Enrich Mile for every RM1.40 spent overseas.

Maybank 2 Cards Premier AMEX Reserve or Visa Infinite: 1 Enrich Mile or 1 Kris Flyer Mile or 1 Asia Mile for every RM0.954 spent overseas.

RHB Premier Banking Visa Infinite: 1 Enrich Mile for every RM0.75 spent overseas.

FYI, all the 3 cards mentioned above grant the cardholder FREE access to airport lounges. Click here to my Airport Lounge Page to learn more on which credit cards entitle you to enter airport lounges at KLIA, KLIA2 and worldwide.

But what about the exchange rate? Which of the above mentioned credit cards give you the best? Lucky for you guys, I did use all 3 of the above mentioned credit cards while I was in Melbourne between 22 May to 26 May 2017.

VI Forex

From the above table, RHB Premier Banking Visa Infinite is the clear winner!!! Generally RHB Premier Banking Visa Infinite’s rate is about 2.01% on top of Visa International’s Foreign Currency Exchange Rate.

You would have also observed from the table above that I have included comparison of Citibank Global Transfer rate (3.28) and UOB TT rate (3.206) on 1 June 2017.

Generally, the Aussie dollar have been weakening versus Malaysia Ringgit since end of May 2017. If you refer to my transactions on 26 May but posted a day or two later, the exchange rate for my RHB and MBB Visa Infinites were lower than Citibank Global Transfer rate on 1st June 2017. What this means is that if I had used my RHB Visa Infinite or MBB Visa Infinite in Australia on 1st June, I will pay less in Ringgit Malaysia versus transferring cash via Citibank Global Transfer!!!

Having said the above, when I bought AUD at UOB early in the morning before 10am on 1st June 2017, the exchange rate I “paid” was 3.206 where at that same time AUD/MYR Spot Rate was 3.19. The difference is about 0.5%, which is very very good.

For comparison, Visa International AUD/MYR Rate on 1st and 2nd June 2017 were 3.204539 and 3.202570 respectively. Which means, if I were to use my RHB Visa Infinite (where the exchange rate will be 2% higher) on 1 June 2017, most likely I would have been imposed exchange rate of about 3.267. Therefore, versus the UOB’s rate of 3.206 in the morning of 1 June 2017, the difference is 1.9% (almost similar to Visa International’s rate).

As for comparison versus Money Changer – on 1st June 2017, Money Master at Mid Valley was selling AUD/MYR at 3.21 at 6pm (it was higher in the morning at 3.24). Just slightly lower than the 3.267 mentioned in the above paragraph for RHB VI’s rate.


I did earn 8X Reward Points for all the transactions listed in the above table where the one with the word “Energy” was paid online.

However, I only earned 3X Reward Points for an ebay transaction while in Australia!!! You see, I wanted something from ebay and I asked my daughter to use her account. The price was quoted in AUD, and I passed to her my RHB Visa Infinite to pay for it. The parcel was to be shipped to my home in Malaysia. To my horror, when I received the SMS from RHB, the ebay transaction was in Ringgit Malaysia!

I hope the above info can benefit you one way or another.

My eldest son had to buy AirAsia return ticket Australia to KL (price quoted in AUD) in late June 2017 when my grandpa (his great grand father) suddenly passed away. I gave him my RHB Premier Visa Infinite number to pay for the ticket. However, during that time I was extremely busy on stuff related to the funeral and somehow during the process I told him to “select payment in MYR” after we compared it versus AUD/MYR spot rate at that time and found that paying in MYR would be “cheaper”.

After my son made the payment for his tickets in Ringgit Malaysia, I only realized that I had told him to use my RHB Premier Visa Infinite (which earns me 3X Points for Online Transactions and 1X Point for Local Transactions) instead of his supplementary Maybank 2 Cards AMEX Reserve which guarantees me 5X Treats Points for any currency. But luckily when I checked my RHB Online Account, I was awarded 8X Points with the RHB Premier Visa Infinite, i.e. it was deemed as an overseas transaction even though MYR was selected for payment 🙂 However, in the future, if I were to select MYR as choice of currency for paying AirAsia tickets that departs from overseas (i.e. ticket price quoted in foreign currency by default), I will use my Maybank 2 Cards AMEX Reserve to be on the “safe side”.

If you would like to apply for the RHB Premier Visa Infinite (minimum RM200K deposit), please Private Message me at FB and allow me to be your referral and someone from RHB will contact you and point you to the most convenient RHB Premier Centre near you. Please note that not all RHB Bank branches have RHB Premier Centre and the staff there may know nuts about the RHB Premier Visa Infinite.