Hey guys I will be heading to Europe soon and was wondering where I would be able to get the best rate for mah aussie dorrah.
I have the citibank plus transaction and a 28 degrees Mastercard. Was wondering if I should just use the citibank card to withdraw cash ?
Thanks
@Cypher67
You better think again, as of January you pay a fee for withdrawal of cash with 28 degrees. So that strategy is not the best now.
@Ballsofsteel
You have answered your question yourself.
Credit transaction - 28 Degreees
Cash Transaction/withdrawal - Citibank Plus
Admittedly I haven't been overseas for a year, didn't know this thanks
28 degrees now charge a withdrawal fee. Even if your account is in credit. :(
Citibank Plus card at an ATM is the way to go.
Uaeexchange outlets are everywhere and they seem to give better exchange rates….somewhat close to xe.
I think KVB Kunlun gives you a better rate than UAEexchange, they only do major currencies though. Also there is a Arab bank near circular quay in Sydney, I noticed they normally gave a better rate than UAEexchange as well.
UAE is pretty good. I used them last time before I went overseas. They're almost the same as the Visa exchange rate
ie UAE 1 AU <-> 0.9303 USD
CitiBank 1 AU <-> 0.9373 USD
XE 1 AU <-> 0.9377 USD
Numbers accurate at time of posting.
Just beware that with overseas ATM, Citibank won't charge you any bank fees, but the ATM itself may charge a service fee.
I preload my 28 degree's and take like a few hundred aussie cash to be safe. Went to Hong kong once and my 28 degrees has issues took a couple of days to sort out. Cash came in handy for that time. Then it was all good, easily the best rate available