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Thread: Anybody been to united states?

  1. #1

    Default Anybody been to united states?

    Hi

    I just want to check if use credit card to buy camera there, the conversion rate by the bank, is it worth it? Or better to pay by cash?

    Thanks!

  2. #2

    Default Re: Anybody been to united states?

    ask your bank i think the CC rates follow your local bank rates.....

  3. #3

    Default Re: Anybody been to united states?

    I think CC conversion rates will always be higher than market conversion rates... the banks gotta earn some cash right... in Jan, when the conversion rate (retail rates, not the bank rate) was about 1.42, I was charged 1.47 by CC when I bought something from US with CC...

  4. #4

    Default Re: Anybody been to united states?

    Been to US for business trip and stayed there for a month.
    During my stay there I been using 2 credit card one is OCBC Titanium and CITI Bank Platinum. End of my trip I got the billing from both bank the xchange rate is a bit different.

    But overall the different is not that much... may be 5cents or abit more different.
    compare to the $$ xchange shop.

    So is ok lor.... just pay by credit card if not have so much cash with you.
    and bring too much cash along is also a risk or losing it or by pick pocket.

    just my 2cents of advice....

  5. #5

    Default Re: Anybody been to united states?

    Quote Originally Posted by theRBK View Post
    I think CC conversion rates will always be higher than market conversion rates... the banks gotta earn some cash right... in Jan, when the conversion rate (retail rates, not the bank rate) was about 1.42, I was charged 1.47 by CC when I bought something from US with CC...
    There's buy rate and sell rate right?

  6. #6
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    Default Re: Anybody been to united states?

    I'd prefer to use Credit card as I never like to change dat much cash or walk around with too much cash on me.

    I'm seldom worried about the exchange rates by the banks as they are not too much difference from the money changer. Also, unless you spend really alot, else the differences are quite insignificant.

  7. #7

    Default Re: Anybody been to united states?

    Quote Originally Posted by lsisaxon View Post
    There's buy rate and sell rate right?
    in the case i was mentioning, both are considered buy rate... that is, I am supposed to be buying US$... but when banks do credit card currency exchange transactions they tend to charge more than what a currency exchange shop would charge... of course, even different currency exchange shops charge different rates so YMMV... for the best rates, can try some of those at Golden Mile

    agree with Lmodel... would not want to carry too much cash around when going on holiday... but do be aware of your CC's exchange rate... give them a call if need be... don't just look at the business section of the Straits Times and assume that's what your CC would charge...

  8. #8

    Default Re: Anybody been to united states?

    Want to seek opinion. Is the following considered cheap as compared to Singapore?

    Central Camera Company
    230 S Wabash Ave # 1
    Chicago, IL 60604
    Tel (312) 427-5580
    Website: http://www.centralcamera.com/home.php

    Great Bargains
    Nikon SB-600 US$178.95 (SGD$249.35)
    Nikon SB-800 US$307.95 (SGD$429.10)

  9. #9

    Default Re: Anybody been to united states?

    please note the US different states has a different Tax. So.. if u get from retail shop.. u have to pay the tax which === not worth it.

    Best is get online.. and get it deliveried to ur place in States (hotel also can) provided u are there long enough.

  10. #10

    Default Re: Anybody been to united states?

    Quote Originally Posted by theRBK View Post
    in the case i was mentioning, both are considered buy rate... that is, I am supposed to be buying US$... but when banks do credit card currency exchange transactions they tend to charge more than what a currency exchange shop would charge... of course, even different currency exchange shops charge different rates so YMMV... for the best rates, can try some of those at Golden Mile

    agree with Lmodel... would not want to carry too much cash around when going on holiday... but do be aware of your CC's exchange rate... give them a call if need be... don't just look at the business section of the Straits Times and assume that's what your CC would charge...
    I think there should be a protocol for foreign exchange and they should follow the bank's rate, right?

  11. #11
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    Default Re: Anybody been to united states?

    Some states has no sales tax. You'll get cheaper price there. Those states are: Alaska, Delaware, Hawaii, Montana, New Hampshire and Oregon. Other states charges between 2.9% to 7.5%

    As for the conversion rate, I find that it's reasonable, no complain.

  12. #12
    Moderator diver-hloc's Avatar
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    Default Re: Anybody been to united states?

    Sorry TS..... OT your Thread abit....

    Anyone knows where is a good place to get DSLR's Lense in Salt Lake City...... My Bro goes there for business trip quite often..... might like to ask him to pick up some stuff for me.

    Scuba & Father... For Life

  13. #13

    Default Re: Anybody been to united states?

    Quote Originally Posted by diver-hloc View Post
    Sorry TS..... OT your Thread abit....

    Anyone knows where is a good place to get DSLR's Lense in Salt Lake City...... My Bro goes there for business trip quite often..... might like to ask him to pick up some stuff for me.
    I am going Chicago.

  14. #14
    Senior Member Big Kahuna's Avatar
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    Default Re: Anybody been to united states?

    Credit card exchange rate is always higher than published exchange rate, my experience was about 3 cents from Citibank and UOB. e.g. if Bloomberg rate 1.40, it will be billed with 1.43 etc....so you have to factor that into your purchase

    For me, cash is for emergency or places don't accept CC...for shopping....no choice...just swipe the damn card

  15. #15

    Default Re: Anybody been to united states?

    Quote Originally Posted by Big Kahuna View Post
    Credit card exchange rate is always higher than published exchange rate, my experience was about 3 cents from Citibank and UOB. e.g. if Bloomberg rate 1.40, it will be billed with 1.43 etc....so you have to factor that into your purchase

    For me, cash is for emergency or places don't accept CC...for shopping....no choice...just swipe the damn card

    Almost correct. Typically its 3%, not 3 cents over and above prevailing exchange rates.
    Like if US$ exchange is 1.38++ adding the 3% will get it up to about 1.426 or 1.43 instead of the logical 1.41. So do take note.

    Also, if using popular couriers like UPS, FedEX and say DHL, you'll have to pay GST of 8% upon entry. And they will levy an 'administration charge' of paying for you upfront about $10-20 average.

    Take note too.

  16. #16

    Default Re: Anybody been to united states?

    I intend to get a Nikon SB-600 in Chicago. Does anybody know if flash have international warranty like lenses do?

  17. #17

    Default Re: Anybody been to united states?

    Quote Originally Posted by qing02051981 View Post
    I intend to get a Nikon SB-600 in Chicago. Does anybody know if flash have international warranty like lenses do?
    I dun think there's much difference if ur getting a flash, get it in SG. Less of a hassle, u have a shop to go back to if something's wrong, local warranty. I was in LA and Oklahoma, their IT gadgets are not much cheaper than SG. (USD1 : SGD1.58 then)

    Well, but wif all that being said, the US currency is dropping.. lol..

  18. #18

    Default Re: Anybody been to united states?

    I bought my Olympus E510 from Amazon for USD650 vs SGD1499 in Singapore(before price reduction recently). They have free delivery for most models too. And if the delivery address is a different state from the supply, there is no sales tax.

    You can consider this route if you there long enough (1-2 weeks).

  19. #19
    Senior Member StrifeYun's Avatar
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    Default Re: Anybody been to united states?

    Quote Originally Posted by Big Kahuna View Post
    Credit card exchange rate is always higher than published exchange rate, my experience was about 3 cents from Citibank and UOB. e.g. if Bloomberg rate 1.40, it will be billed with 1.43 etc....so you have to factor that into your purchase

    For me, cash is for emergency or places don't accept CC...for shopping....no choice...just swipe the damn card
    hmm just wondering, where can you get the bloomberg interbank exchange rates ?
    thanks

    to TS , try and use a CITI Bank CC as the are more recognized, i went to US, when i used my UOB card , they were like whats this haha.
    Don't bother so much about the exchange rate as mentioned , your not spending afew thousands right ? US normally have a 30 day $$ back fully refunded. shipping to you is also normally free .
    Canon EOS "Luxury"
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  20. #20

    Default Re: Anybody been to united states?

    Quote Originally Posted by StrifeYun View Post
    hmm just wondering, where can you get the bloomberg interbank exchange rates ?
    thanks

    to TS , try and use a CITI Bank CC as the are more recognized, i went to US, when i used my UOB card , they were like whats this haha.
    Don't bother so much about the exchange rate as mentioned , your not spending afew thousands right ? US normally have a 30 day $$ back fully refunded. shipping to you is also normally free .
    Thanks. Excellent tips.

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