Looking for the best multi-currency card for your next adventure abroad? Here’s a comparison between two popular options, YouTrip and the Wise card.
When it comes to managing your money overseas, multi-currency cards are your best bet. In fact, you’ve probably already heard of two of these cards: YouTrip and the Wise card. Both multi-currency cards are handy to use abroad and are no doubt convenient solutions that come with little to no fees compared to credit cards. But how do they stack up against each other? Read this YouTrip vs Wise comparison guide to get started.
We’ll be covering both cards and their features, advantages, limitations, and more to help you decide which one suits your travel needs best. Read on 👇
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YouTrip Vs Wise Card: Key Features
To decide which is the best multi-currency card for you, you’ll need to first consider its features and fee structure. Some multi-currency cards offer higher fees compared to others.
| YouTrip | Wise Singapore | |
|---|---|---|
| Currencies Available | 150+ currencies 10 wallet currencies | 160+ currencies 40 wallet currencies |
| Annual Fees | No fees | No fees |
| Foreign Transaction Fees | No fees | From 0.33% with a min. fee of S$0.01 (fee varies by currency) |
| Funding e-Wallets & External accounts | No fees | 2% fee varies based on the currency |
| Overseas ATM Withdrawal Fees | S$400 in free monthly ATM withdrawals with a 2% fee thereafter | 2 free ATM withdrawals per month with a fixed fee of S$1.50 thereafter S$350 in free monthly ATM withdrawals with a variable fee of 1.75% thereafter |
| Overseas Money Transfers | Variable fee based on currency and value of transfer | Fee varies by currency from 0.31% |
| Bank Withdrawals | No fees, limited to 10 bank withdrawals per calendar month. *If you wish to make more than 10 bank withdrawals, you’ll have to request for a refund (processing fee of S$10) | Same currency balance withdrawal/transfer: Fixed fee (varies by currency) Different currency balance transfer: Fixed fee + Variable fee from 0.41% (varies based by currency) |
| Top-Up Fees | ✅ Mastercard debit card: No fees ✅ Mastercard credit card: No fees ✅ Visa debit card: No fees ✅ Visa credit card: 1.5% service fee ✅ PayNow: No fees ✅ Linked Bank Account (eGIRO): No fees | ✅ Debit card: From 0.43% fee ✅ Credit card: From 0.43% fee ✅ PayNow: No fees ✅ Manual bank transfer: No fees ✅ Linked bank account (eGIRO): 0.3% fee |
| Wallet Limits | Maximum top-up limit at any time: S$20,000 Annual spending limit: S$100,000 | Maximum top-up limit at any time: S$20,000 Annual spending limit: S$100,000 |
YouTrip Vs Wise Card Comparison Guide In 2024: Check out our YouTrip VS Amaze Comparison in Malaysia 2024 here
YouTrip Vs Wise Card: Exchange Rates Comparison
If you’re new to multi-currency cards and want to maximise your savings overseas, you can’t skimp out on looking at the exchange rates they offer.
To determine what a good exchange rate is, you’ll have to compare it against the published rates you see on Google, XE.com, and other financial sites.
Simply put, it means choosing a multi-currency card that’ll give you the most JPY, MYR, USD, etc. for your SGD. After all, who doesn’t love getting the best bang for their buck? Here’s a comparison between YouTrip and Wise’s exchange rates for popular currencies.
| YouTrip | Wise Card (Fees included) | |
|---|---|---|
| SGD to JPY Google’s Rate: 1 SGD = 114.06 JPY | 1 SGD = 114.0 JPY | 1 SGD = 113.5 JPY |
| SGD to EUR Google’s Rate: 1 SGD = 0.70 EUR | 1 SGD = 0.7047 EUR | 1 SGD = 0.7014 EUR |
| SGD to USD Google’s Rate: 1 SGD = 0.74 USD | 1 SGD = 0.7400 USD | 1 SGD = 0.7365 USD |
| SGD to MYR Google’s Rate: 1 SGD = 3.29 MYR | 1 SGD = 3.287 MYR | 1 SGD = 3.277 MYR |
| SGD to GBP Google’s Rate: 1 SGD =0.58 GBP | 1 SGD = 0.5840 GBP | 1 SGD = 0.5814 GBP |
| SGD to HKD Google’s Rate: 1 SGD = 5.75 HKD | 1 SGD = 5.749 HKD | 1 SGD = 5.7523 HKD |
| SGD to AUD Google’s Rate: 1 SGD = 1.17 AUD | 1 SGD = 1.166 AUD | 1 SGD = 1.160 AUD |
| SGD to NZD Google’s Rate: 1 SGD = 1.29 NZD | 1 SGD = 1.285 NZD | 1 SGD = 1.279 NZD |
*Rates taken as of 17 Dec 2024 at the time of writing
YouTrip Vs Wise Card Comparison Guide In 2024: Check out this iChange vs YouTrip comparison
YouTrip vs Wise: Sending money overseas
In case you missed it, YouTrip just launched a brand new remittance feature! You can now send money overseas to 40+ countries with the best rates and no hidden fees. Supported options include Bank Account, DuitNow, GCash, and UPI. Read more here!
As such, we’ll be comparing YouTrip’s remittance feature to Wise’s. This is to determine how much your recipient would roughly receive when sending money to the following countries from Singapore.
| YouTrip | Wise Card | |
|---|---|---|
| MYR | S$1,000 = 3,282.79 MYR Fees included: S$1.28 | S$1,000 = 3,264.05 MYR Fee included: S$3.95 |
| IDR | S$1,000 = 11,830,972 IDR Fees included: S$2.36 | S$1,000 = 11,767,778 IDR Fee included: S$5.12 |
| INR | S$1,000 = 62,624.08 INR Fees included: S$2.96 | S$1,000 = 62,244.92 INR Fee included: S$5.10 |
| PHP | S$1,000 = 43,224 PHP Fees included: S$4.51 | S$1,000 = 43,059 PHP Fee included: S$6.56 |
| USD | S$1,000 = 736.96 USD Fees included: S$4.10 | S$1,000 = 733.30 USD Fee included: S$4.34 |
| EUR | S$1,000 = 702.36 EUR Fess included: S$3.31 | S$1,000 = 699.16 EUR Fee included: S$3.18 |
*Rates taken as of 17 Dec 2024 at the time of writing
YouTrip Vs Wise Card Comparison Guide In 2024: Find out how to send money overseas with YouTrip here
Pros & Cons:
YouTrip:
What is YouTrip?
YouTrip is a multi-currency travel wallet with a prepaid Mastercard that allows users to lock in 10 popular in-app currencies and pay in over 150+ countries with the best rates all day at zero fees.
NEW: Send money overseas to 40+ countries with competitive exchange rates and no hidden fees. YouTrip offers same-day or even instant transfers with Duitnow, Gcash, and UPI.
YouTrip is also the first e-wallet in Singapore to enhance its wallet limits, enabling you to top up S$20,000 and spend with an upsized annual limit of S$100,000.
Pros:
- Has no annual fees
- Has better exchange rates as seen above, suitable for those looking for bigger savings overseas
- Unlike Wise, YouTrip has no foreign transaction fees, funding e-wallets and external accounts fees, and P2P transfer fees
- Has minimal top-up fees (no fees for all top-up methods except Visa credit cards)
- Has a higher free monthly ATM withdrawal amount of up to S$400 and no fixed fee when exceeding a fixed number of withdrawals
Cons:
- YouTrip only has 10 wallet currencies
- Can be used in 150+ countries as compared to Wise’s 160+ countries
Best For: Travellers who are looking to get the best exchange rates at zero fees and rack up bigger savings.
YouTrip Vs Wise Card Comparison Guide In 2024: Find out more about YouTrip’s Wholesale Exchange Rates here
Wise Card:
What is Wise?
Image Credits: Wise
Wise, formerly known as TransferWise, is a global money transfer service that offers low-cost international transfers and a multi-currency account. Wise supports 40 wallet currencies and allows users to pay in 160+ countries with competitive exchange rates at low fees.
Pros:
- The Wise card has 40 wallet currencies
- Can be used in 160+ countries
- Has no annual fees
Cons:
- Has a higher foreign transaction fee starting from 0.33% with a minimum fee of S$0.01 (fee varies by currency) compared to YouTrip’s 0 FX fee
- Has a 2% fee for funding e-Wallets and external accounts (fee varies by currency)
- Fee for sending money varies starting from 0.31%
- Has a higher top-up fee starting from 0.43% for credit & debit cards
Best For: Those who need low-cost international money transfers for multiple currencies
YouTrip Vs Wise Card Comparison Guide In 2024: Check out our guide to the best multi-currency cards for the biggest savings here
YouTrip Vs Wise: Which is the better multi-currency card for you?
All in all, both multi-currency cards offer unique benefits that are tailored to different needs. If you’re someone who prioritises low-cost international transfers for multiple currencies, Wise is a good choice.
But if you’re a frequent traveller looking for a seamless way to lock in and spend with the best rates overseas at zero fees, YouTrip might be the most suitable option for you.
As Singapore’s favourite multi-currency wallet, we’re all about giving you the best rates with none of those pesky fees for bigger and better savings. So if you’re looking for a go-to travel card, sign up for your complimentary YouTrip card today with <YTBLOG5> and get FREE S$5 in your account!
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Bon voyage!
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