Qn: for orders from iherb, does currency exchange fee charged by DBS bank cost more for credit card or debit card?

UltimaOnline

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Qn: for orders from iherb, does currency conversion fee charged by DBS bank cost more for credit card or debit card?

Thanks for any reply!

AI Overview

For a DBS Visa Debit Card linked to the multi-currency My Account or Multiplier Account, you pay no currency conversion fees on foreign currency spend because you can pre-purchase and hold currencies in your account, and the transaction is debited in the currency you hold. If you use a general DBS/POSB Visa/Mastercard credit or debit card without this setup, a credit card incurs a 1% conversion charge plus administrative fees (up to 2.25%), and a standard debit card incurs a higher charge of up to 3.25% total.
 
Last edited:
AI Overview

For a DBS Visa Debit Card linked to the multi-currency My Account or Multiplier Account, you pay no currency conversion fees on foreign currency spend because you can pre-purchase and hold currencies in your account, and the transaction is debited in the currency you hold. If you use a general DBS/POSB Visa/Mastercard credit or debit card without this setup, a credit card incurs a 1% conversion charge plus administrative fees (up to 2.25%), and a standard debit card incurs a higher charge of up to 3.25% total.
 
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