7 Greatest Credit score Playing cards in Singapore for Abroad Spending (2020)

So that you’ve been saving up your annual depart and spending each hour looking for low-cost air tickets on-line. And now, it’s time to embark on well-deserved abroad vacation. However earlier than you blow the remainder of your money in your journey, be sure you get your self considered one of these finest journey bank cards in Singapore.

“Wait, why can’t I simply use my typical bank card?” you ask. You’ll be able to, in fact, however you must first test the T&Cs. Not all bank cards provide the similar beneficiant money rebates or rewards factors on abroad spending.

Another excuse you may wish to get a devoted journey bank card is that the international forex transaction payment (which varies from financial institution to financial institution and generally even bank card to bank card) could erode no matter rebates you’re at the moment getting.

In brief: Use the fallacious bank card on vacation, and also you’ll come again to a miserable bank card invoice. Let’s see which bank cards are finest for journey.

7 finest bank cards for abroad spending (2020)

Bank card	Abroad spending rewards	Overseas transaction payment
OCBC 90* N Card	$1 = 2.1 miles	3.25%
UOB Visa Signature Card	$1 = 4 miles (min. $1,000/month, max. $2,000/month)	3.25%
UOB PRVI Miles Card	$1 = 2.4 miles	3.25%
UOB YOLO Card	8% or 3% cashback on eating, leisure, Seize (min. $600/month)	3.25%
Maybank Household & Associates	8% or 5% cashback on eating, groceries in Malaysia (min. $800 or $500/month)	2.5%
Amex True Cashback Card	3% cashback (as much as $5,000/first 6 months)	2.5%
ICBC Twin Foreign money Playing cards	Varies; there are 3 variations	0% for RMB / USD

UOB Visa Signature Card — finest for spending $1,000 to $2,000

I can’t consider I forgot to incorporate this card within the earlier replace for this text. The extraordinarily underrated UOB Visa Signature Card is among the finest bank cards in Singapore for abroad spending.

It’s completely a much card disguised as a rewards card. You earn the equal of 4 miles per $1 spent abroad — and no, that’s not a promotional fee, however a everlasting characteristic.

The one downside is that you have to spend at the least $1,000 that month in international forex to earn the bonus miles. However contemplating the common Singaporean’s obsession with extravagant journey, that must be no challenge. There’s, nevertheless, a most of $2,000 spending a month.

UOB PRVI Miles Card — finest normal miles card for abroad spending

All types of recent miles playing cards have come on the scene, however the UOB PRVI Miles Card nonetheless has among the best everlasting earn charges for abroad spending.

UOB YOLO Card — finest for spontaneous weekend getaways

Regardless of already being a stable bank card for elevating children (so darn costly) in Singapore, the Maybank Household & Associates Card has not too long ago revamped its cashback advantages and it’s even higher than ever — particularly for individuals who deal with Johor as their second residence.

Now, you may get 5% or 8% rebate (relying on whether or not you spend $500 or $800 a month) on ALL eating places, supermarkets, petrol kiosks and taxis in Malaysia in addition to Singapore.

Maybank does cost a international transaction payment, however that’s acceptable because the rebates-to-effort ratio is fairly low for a cashback card.

Amex True Cashback Card — finest for travelling to western international locations

In any case these beneficiant rebates, the usual 1.5% supplied by American Categorical True Cashback Card is sure to look quite stingy. Nonetheless, you get a bumped-up 3% cashback within the first 6 months of card membership. That is good for as much as $5,000.

Notice that the two.5% international forex payment will erode among the rebate although. Additionally, Amex isn’t as broadly accepted worldwide as Visa/Mastercard, so it’s appropriate just for sure locations.

ICBC Twin Foreign money Playing cards — no transaction charges for RMB & USD

At all times jetting to mainland China to go to your WeChat buddies and to refill on Xiaomi electronics? Then it’s value your whereas to join considered one of Chinese language financial institution ICBC’s twin forex bank cards: The Koipy UnionPay card or the common UnionPay model.

These UnionPay playing cards usually are not terribly helpful in Singapore, however are accepted all over the place in China. There are some minor cashback advantages however these are peripheral — the principle profit is that every one RMB transactions are charged straight in RMB and haven’t any transaction charges in any respect!

If you happen to’re ICBC additionally has a USD-SGD twin forex bank card (fortunately a Visa) that works in just about the identical method, besides with USD as a substitute of RMB.

Which is your favorite bank card to make use of for abroad spending? Share your suggestions within the feedback!

Additionally, take a look at the most recent bank card promotions in Singapore earlier than you apply for one.