What is the best travel credit card for overseas spending? We’re settling this debate once and for all in this comprehensive guide, where we’ll be comparing five of the best travel credit cards in Singapore for your adventures abroad 👇
Planning a trip overseas and looking for the best travel credit card out there that won’t leave you high and dry when it comes to overseas spending? Well, look no further than this guide where we’ll be comparing five of the best travel credit cards in Singapore for overseas spending. From the convenience of being cash-free to exclusive travel perks, credit cards offer a range of benefits that make them a must-have travel companion. And let’s be real, who doesn’t love earning rewards while exploring the world?
And because credit cards aren’t the way to go for everyone, we’ll be adding your trusty YouTrip debit card to the mix for the best rates all day and zero fees. Okay, enough dilly-dallying, check out which travel credit card below is best suited to your needs!
💜 Stay Up To Date:
Factors To Consider When Choosing A Travel Credit Card For Overseas Spending:
When choosing a travel credit card for your overseas adventures, there are a few factors to consider:
1. Compare The Rewards & Benefits Of Different Credit Cards
Ensure you take a close look at the rewards and perks offered by different credit cards such as miles, cashback, travel insurance, airport lounge access, and hotel discounts.
After all, what’s not to love about earning points while splurging on a fancy dinner or treating yourselves to a relaxing spa session?
2. Weigh Benefits Against The Fees
Evaluate the annual fees and foreign transaction fees charged by each card. Most travel credit cards tend to charge a foreign transaction fee of ~3.25%.
3. Evaluate Your Spending Habits
Analyze your spending habits and determine which benefits align the best with your lifestyle. As most credit cards come with foreign transaction fees, one common strategy would be to look for a card with the highest cashback on international purchases. This can be especially beneficial to those who are seeking to earn rewards (but remember to make sure your costs and benefits balance out!).
Overall, your best approach would be to pick a travel credit card with the lowest transaction fee or opt for an alternative like the YouTrip card, which comes with no foreign transaction fees.
4. Is It Worth It?
Consider how much you’d typically spend and calculate the potential savings or benefits you’d earn over time.
5. Partner Discounts & Promotions
Take into account any exclusive deals, discounts, or promotions provided by partners that’ll help enhance your overall savings and travel experience.
6. Set A Budget & Pay On Time!
To fully maximise your credit card, it’s essential to set a budget and stick to it. Make sure you pay your credit card bills on time to avoid extra interest charges that would offset any rewards earned!
Best Travel Credit Cards In Singapore For Overseas Spending:
Here’s a comparison of five of the most popular travel credit cards to consider. And although not a credit card, we’ll be adding YouTrip to the mix for those who’d prefer to get wholesale exchange rates with zero fees for more savings on your travels:
|Annual Fee||Foreign Transaction Fee||Rewards||Min. Annual Income Required|
|YouTrip Card |
|No fees||No fees||✅ Best foreign exchange rates|
✅ Discounts & cashback when spending on YouTrip Perks
✅ Free monthly ATM withdrawals of up to S$400 with a 2% fee imposed thereafter
|No minimum income|
|Citi PremierMiles Visa Card||S$194.40||3.25%||✅ 2 Citi miles per S$1 local spend |
✅ 2 Citi miles per S$1 foreign currency spend
✅ 2 complimentary lounge visits per year
|Singaporeans/PR: S$30,000 |
|UOB PRIVI Miles Card|
|S$259.20||3.25%||✅ 1.4 miles per S$1 local spend |
✅ 2.4 miles per S$1 overseas spend
✅ 8 miles per S$1 spend on hotel & airline bookings via Agoda, Expedia & UOB Travel
|HSBC TravelOne Credit Card|
|S$194.40||2.25% up to 1% additional charge imposed by Visa/Mastercard||✅ 1.2 miles (3x reward points) per S$1 local spend |
✅ 2.4 miles (6x reward points) per S$1 spent overseas
✅ 4 complimentary airport lounge visits per year
|DBS Altitude Visa Signature Card||S$194.40||3.25%||✅ 1.3 miles per S$1 local spend |
✅ 2.2 miles per S$1 overseas spend
✅ 10 miles per S$1 spend on hotel transactions at Kaligo
✅ 6 miles per S$1 spend on flight, hotel & travel packages at Expedia
✅ 2 complimentary lounge visits per year
|OCBC 90°N Card|
|S$54||3.25%||✅ 2.1 miles per S$1 foreign currency spend |
✅ 1.3 miles per S$1 local spend
✅ Up to 7 miles for every S$1 spend on bookings made on Agoda
* Do note that the information on the credit cards above is accurate at the time of writing and is subject to change. Partnership promotions will also differ based on the different network providers chosen (Visa/Mastercard/AMEX).
Bring Your YouTrip Card Along For The Best Rates All Day
As mentioned above, we’re not a credit card. This means there’s no minimum income required, no minimum spending, and no interest charges or penalties involved with us.
Furthermore, using your YouTrip Mastercard along with your credit card while you’re roaming the globe means you can lock in the best rates all day from our 10 in-app currencies. Plus, get favourable exchange rates for 150+ currencies worldwide — all at zero fees. With YouTrip, you also get free monthly ATM withdrawals of up to S$400 with a 2% fee imposed thereafter.
And because we’re all about making your travel experience convenient and enjoyable, we’re going digital with Apple Pay — all it takes is just a tap.
Verdict: The Best Travel Card For Overseas Spending?
While there’s no single best travel credit card, there’s no doubt that credit cards are definitely a great way to rack up rewards like cashback and miles as you spend. However, these credit cards do often come with annual fees, foreign transaction fees, as well as interest charges and penalties if you don’t clear your bills on time, so make sure you carefully consider which is best suited for your lifestyle.
And hey, if you’re looking for a travel debit card with no annual or foreign transaction fees, consider our trusty YouTrip card! As Singapore’s favourite multi-currency wallet, we aim to get those pesky fees out of the way and help you save on your travels. With the best foreign exchange rates, no longer will you have to deal with those long queues at money changers or stay cooped up in your hotel room counting petty cash. Plus, we’re now on Apple Pay — bringing you added convenience at its finest.
So if you’re looking for a go-to travel card sign up for your complimentary YouTrip card today with promo code <YTBLOG5> and get FREE S$5 in your account! For more great tips and articles like this, join our Telegram (@YouTripSG) and subscribe to our free weekly newsletter here or down below.
And while you’re at it, why not join the conversation with thousands of #YouTroopers in our very own Community Telegram Group @YouTripSquad? Get tips and tricks to everything YouTrip including exclusive invites to exciting events and experiences, & be part of the #YouTripSquad!
Happy spending 💜
How To Easily Top Up Your Virtual Suica Card In Japan Via Apple Pay With YouTrip
Did You Know You Could Add Your YouTrip Card To Alipay And WeChat?
How To Save Money On A Student Exchange Programme 2023