Banking = Cheat and make money

st100282
By st100282

Though USD / QAR rate is fixed at 3.64 since 1980 by CBQ .... yet i noted yesterday that my stupid bank has been charging rate as 3.75 for any international transaction i make thru my visa card in the last 5 years.

Is this legal ???

By stealth• 11 Oct 2012 05:46
stealth

well, thats what they do the world over.

By yousafnoor• 11 Oct 2012 05:02
Rating: 3/5
yousafnoor

Last time I travelled, the guy sitting just beside me paid 800 QAR less than what I did and we both booked within the very same week?

He was having a “Different Class” and I had a “Different Class”. Same seats and different classes!

Is this not a cheat?

By noufal closed 1671878521• 7 Oct 2012 12:31
noufal closed 1671878521

I have the similar experience, Qatar Islamic Bank charged @ 3.72 for a transaction I made in India.

By Pappu_Pager• 14 Mar 2012 13:10
Pappu_Pager

thnks for more exposure to my comment.. :D

By new_2_doha• 14 Mar 2012 12:58
Rating: 5/5
new_2_doha

All the banks will send the terms and conditions along with their Credit Card when they issue the CC. The fine print states that for all the transactions other than the local currency, the rate applied will be prevailing exchange rate and an additional charge of 1% to 5% (Depends from bank to bank and type of card )will be charged to the transaction.

If you are a credit card holder, didn't read the fine print it will be fine until you are fined on the printed statement.

"Caveat emptor"

By Molten Metal• 14 Mar 2012 12:54
Molten Metal

J2009.

Walk to a nice travel agency, meet staff , have a chat with them, buy ticket with cash, have a cup of water / tea there / at a near by small shop.... be happy.

Don't expose your account to a fruad for this simple purchase.

By Pappu_Pager• 14 Mar 2012 12:00
Pappu_Pager

another victim of Credit Card :(

the problem we dnt go thru the terms and conditions as we just grab the card and start utilizing it and whnever dere is a extra charge we repent

By J2009• 14 Mar 2012 11:55
J2009

Can not fully admit with Molten, C/cards are useful when you need to book air tickets online atleaset.....

By Molten Metal• 14 Mar 2012 11:27
Rating: 3/5
Molten Metal

My friends,

Limit your self to the use of ATM only.

Never take / use 'credit card', cancel it / them before sun set ....

Do not enter any bank buiding, limit your self to the ATM machine only...for withdrawal of your own money...!!!

By asterix---• 14 Mar 2012 11:26
asterix---

Another way of Making Money from Expats!!!

By HBoss26• 14 Mar 2012 10:48
Rating: 5/5
HBoss26

if you purchase online using your CC the max rate i used to purchased is 3.71 that is for International Purchase. but 3.75 is way toooo much that's the reason why I left that bank for such charges and miscellaneous Charge.

By hassan1024• 14 Mar 2012 09:41
hassan1024

There is a markup applied to the foreign exchange rate for overseas transactions but I didn't think it was that high. CBQ is nothing but a disgrace for the ordinary customer.

By st100282• 14 Mar 2012 09:33
st100282

Needless to say ..... this can't be any bank other than MASHREQ .....

By anonymous• 14 Mar 2012 09:32
anonymous

it must be HS

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