You know that from time to time I take a great interest in bank cards, cashbacks and conversion rates. As a result of my research, I wrote a post. Bank cards for travelin which he told me what cards I haveand what can be done. Of course, the list is incomplete, the maps are much larger, but based on personal experience, and I update it, as I follow the tariffs.
Recently, questions about the cardAlfabanka, and with them dull business. Therefore, I asked Alfabank's technical support regarding commissions, made Alfabank's cards for myself, and checked everything in practice. But in order not to write only about one Alfabank, I conducted an experiment at once with all my cards.
The content of the article
- 1 Alfabank's answer about the conversion rate
- 2 Which of the 6 bank cards is more profitable
- 3 findings
Alfabank's answer about the conversion rate
I recommend the AllAirlines card from Tinkoff with cashback up to 10% for booking, 3% for tickets and 2% for all purchases. Read my post Pros and cons of the card.
AllAirlines card (as a gift 1000 rub)>
The fact is that when shopping abroad forAlfabank cards have a 2.5% commission, which is not widely advertised, and it does not always occur. Several times I wrote in the comments that, they say, there are no commissions. But in order to say this for sure, you need to know all the nuances. Before describing the results of my experiment, I offer you the answer of Alfabank's technical support, where it is said in black and white about a 2.5% commission. I quote.
In accordance with the Bank's tariffs, for the issuancecash through third-party ATMs (with the exception of partner banks) is charged a fee of 1% of the amount, including the commission of a third-party bank, but not less than 180 rubles. for the Optimum Service Package. We recommend checking the availability and size of the commission of a third-party bank in its support service.
We want to note that during the operation ina currency other than the currency of the account to which the card was issued, with which the relevant operation was performed, the Bank converts the account into the currency of the account in the manner and on the conditions provided for in Appendix 4 - “General conditions for the issue, maintenance and use of cards” of the Agreement.
Three currencies are always involved in the conversion process: transaction currency, billing currency and card account currency.
Currency of operation - the currency in which the transaction is performed using a bank card (cash withdrawal, payment in a retail outlet or transfer from card to card).
Billing currency is the currency in which the internationalThe payment system calculates the amount to be debited from the cardholder's account. The billing currency for the cards of the VISA and MasterCard payment system when performing transactions in foreign currency abroad is US dollars.
Account currency - the currency in which the account is opened, to which the card is linked, with which the operation is performed.
If the currency of the Client’s account differs fromcurrency of operation and billing currency, the conversion will be carried out according to the rules and rate of the payment system (IPS) from the currency of the operation to the billing currency and at the rate of the Bank from the billing currency to the account currency. In accordance with the rules of the MMS, the Bank has the right to apply correction factors to the basic exchange rate of the MMS. For Alfa-Bank cards, the coefficient is 2.5% (except for VISA Infinite and MasterCard World Signia / MasterCard World Elite cards, which are converted without the use of a correction factor). This information is recorded in the documents regulating the mutual settlements of the IPU and the Bank, and is subject to change. Thus, conversion from a transaction currency to a billing currency occurs at the rate set in accordance with the rules of the IPU, which allow the correction factors to be applied to the base rate. The course of the IPU can be clarified on the website of the IPU. This course is informational, as at the time of the operation the course may be one, and at the time of authorization of the operation - another. When converting from billing currency to account currency, the Alfa-Bank rate is applied, which the Bank is entitled to set at its discretion.
In this case, Alfa-Bank has the following rule: if the currency of the transaction coincides with the currency of the Client’s account, the amount debited from the Client’s account will be equal to the amount of the transaction.
Just in case, I summarize the whole answer.technical support. If you withdraw dollars from a dollar card, or euro, there will be no 2.5% commission. If you withdraw baht, shekels, zloty and other tugriks from a currency card, or you withdraw something from ruble cards, there will be a 2.5% commission, except for holders of VISA Infinite or MasterCard World Signia / Elite.
Which of the 6 bank cards is more profitable
As I said above, I decided to holdAn experiment at once with all the cards that I have with me: Tinkoff ruble and dollar, Corn with connected interest on the balance, Sberbank Mastercard, Alpha ruble and dollar. Filmed at the same ATM, the same amount of 1000 shekels, at the same time on April 10, 2017 with a difference of several minutes.
I recall that there were 2 ruble cardsconversion (ILS => USD => RUB): the first (ILS => USD) is carried out by the Mastercard or Visa payment system, the second (USD => RUB) is carried out by a Russian bank. On dollar cards, there was only 1 conversion (ILS => USD), which the payment system performs, and the course of the Russian bank is not involved in this case, but nevertheless it can give up its commission. Thai baht would be absolutely the same scheme.
You also need to understand that at least authorizationof funds (withdrawal from an ATM) was at one time, then their actual withdrawal occurs after 2-5 days and at the rate on the day of withdrawal. Accordingly, conversion rates and final amounts (which we compare) are different and because of this, too (rates change at least once a day). Separately, I will say about dollar cards - it is important at what rate dollars were bought, if we compare, which is more profitable ruble or dollar cards (about this I somehow wrote a whole post). For example, they can be bought in advance at one of the rate drops, on the Internet bank just before withdrawing from an ATM, or from an exchanger on an arbitrary day.
Authorization Write-off Fee for withdrawal Totalremoved Note Corn Mastercard World 16381.29 15500.43 0 15500.43 Discharge in 3.5 days. In IB bug and displayed commission. After writing off this line should disappear, but so far the bug has not been fixed yet. With the connected service “Percent on balance” up to 50 thousand rubles per month, withdrawals from ATMs without commission, then 1%. Tinkoff Black ruble 15559.11 15801.15 0 15801.15 Disbursement in 3 days. No fee for withdrawals from ATMs within 150 thousand rubles / month. Sberbank Mastercard ruble 16072.64 15839.48 158.39 15997.87 Written off in 3 days. Commission for withdrawals at an ATM (1%) is not displayed anywhere in the IB, although it is written off immediately. You can see it only in a full statement in the IB, after about 5 days, not everyone knows this. Ruble Alfabank 16293.33 15899.47 180 16079.47 Cancellation in 4.5 days. Commission for withdrawals at an ATM (1%) is displayed in the IB as a separate line. Tinkoff Black dollar $ 276.33 $ 273.85 0 $ 273.85 Written off in 3 days. There is no withdrawal fee at ATMs within $ 5000 / month. Alfabank dollar $ 284.08 $ 280.70 3.18 $ 283.88 Cancellation in 4.5 days. Commission for withdrawals at an ATM (1%) is displayed in the IB as a separate line.
The banking forum is most often advised. Corn for rubles, and Tinkoff Black for currency, if wetalking about travel. And this, in principle, coincides with my advice, as well as with the results of the experiment. Although I am more for a currency card (more profitable) and for the travel credit card AllAirlines with a cashback of 2-10% (via the link 1000 rubles to the card as a gift).
At first, I wanted to recalculate all the course-figures with a calculator, but the picture is exactly as it should be according to the tariffs, so I decided that it would be enough just a free sign with amounts.
First of all, this experiment can beuseful to those for whom the phrase “on the XXX map as much as 4% of the commission” means nothing, and who does not want to understand all these courses. Agree, when you give specific amounts, especially in comparison, it is clearer than any interest there. After all, in fact, the difference between the cards when removing is only a few hundred rubles. Not everyone wants to bother and make special slightly more profitable cards because of this difference, especially if there are only one or two trips per year.
Another thing is those who like to count money, or whouses cards abroad throughout the year. You see, it is much more pleasant not to give the commission to the bank, but to get cash back from it. And the more spending per year, the greater the difference. For example, I save on annual maintenance, on conversion commissions, at the expense of cashback, for example, 15 thousand rubles a year. Is it a lot or a little? If you take it as work, then it’s not enough, if you take it from nowhere, which I get by picking on the topic that I like, it’s a very nice bonus. It should be noted that I figured out the question and made the maps a couple of years ago, that is, I haven’t been sitting for days and nights, reading the forums, no. Also, if you take the amount not 15 thousand rubles, for example 150 thousand rubles, 200 rubles difference already turns into 2000 rubles. Well, and so on, you can multiply yourself (for 1.5 million rubles there will be 20,000 rubles a difference).
Therefore, I recommend everyone to approach the choicebank cards with a head. If you don’t really need a bonus, it's easier not to bother yourself and make almost any card. If you want to get everything from the bank, you will have to read the tariffs and choose something specifically for yourself.
Life hacking 1 - how to buy a good insurance
Life hacking 2 - how to find a hotel 20% cheaper
Life hacking 1 - how to buy a good insurance
Life hacking 2 - how to find a hotel 20% cheaper