I imagine they have it the wrong way round. Of course I haven’t checked myself but you will be seeing how much FOREIGN-CURRENCY your £100 will buy usually.
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It’s the other way around, spending £100 would get $121 with Mastercard, you’d need to check the other way on mastercard to get the accurate rate because it’s not the same both ways
I believe you have it the wrong way round. The example was confusing as it represents someone with a dollar account spending in GBP (reverse to how any UK customers could use their card).
I like monzo but please don’t spread disinformation about how the mastercard rate is better than the interbank rate. It’s not
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Look closer. The ‘your card currency amount’ is US, the transaction amount is £100. It’s from the point of view of someone whose account is in $, why that’s relevant here, I don’t know — we’re not in the US section.
Would you rather pay $121 or $120 for something worth £100?
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What’s that got to do with anything? You said it was spreading disinformation that the MasterCard rate was better than the interbank rate, but for the most part it’s basically the interbank rate.
What do you mean? They have just demonstrated that the interbank rate is better as they originally claimed.
Kind of ironic that you’re specifically using different levels of accuracy to hide information in a defence of disinformation being spread.
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