Which multi-currency wallet should Singaporeans use for their trips to Malaysia — YouTrip or Amaze?
We all know and love JB for the shopping haven it is (and for its affordable eats!). Last weekend, a friend and I took a quick getaway there, each armed with a multi-currency card, and put YouTrip vs Amaze to the test. Which card offers the best exchange rates, top-up limits, and overseas convenience? We tested both in JB and compared rates to help you make the best choice.
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⚡️ TL;DR Comparison Table
| Feature | YouTrip | Amaze |
|---|---|---|
| Currencies Supported | 12 (SGD, MYR, JPY, THB, USD, EUR, GBP, HKD, AUD, NZD, CHF, SEK) | 11 (SGD, EUR, USD, JPY, THB, GBP, AUD, CHF, NZD, CAD, MYR) |
| Annual Fees | ✅ None | ✅ None |
| Transaction Fees | ✅ FX fees: None ✅ Domestic (SGD) transactions: None | ✅ FX fees: None ⚠️ Domestic (SGD) transactions: 1% fee (from first dollar spent, effective March 10, 2025) |
| Overseas ATM Withdrawal Fees | ✅ S$400 free per month *2% fee applies thereafter | ⚠️ 2% fee on all amounts withdrawn |
| Sending Money Overseas | Variable fee shown in-app | Variable fee from 0.4% |
| Bank Withdrawals | ✅ 10 free bank withdrawals/month For more than 10 bank withdrawals: Request for a refund (S$10 processing fee) | ❌ Unavailable |
| Top-Up Fees | ✅ Mastercard credit & debit card, Visa debit card, PayNow: No fees ✅ Linked Bank Account (eGIRO): No fees ✅ Visa credit cards: 1.5% service fee | ✅ PayNow: No fees |
| Wallet Limits | Top-up: S$20,000 Annual spending: S$100,000 | Top-up: S$15,000 Annual spending: S$75,000 |
| Rewards & Cashback | Up to 17% off brands via YouTrip Perks | InstaPoints: 1 point per S$1 spent from Amaze wallet (0.5 points for foreign currency); ⚠️ Cashback redemption removed (March 2025) ⚠️ Card-linked transactions no longer earn points (March 2025) Points redeemable for KrisFlyer miles only: 1,200 points = 400 miles |
📑 Table of Contents
- What is YouTrip?
- What Is Amaze?
- Comparing MYR Exchange Rates
- YouTrip Pros & Cons
- Amaze Pros & Cons
- Verdict
- FAQs
What Is YouTrip?
YouTrip is Singapore’s first multi-currency wallet and prepaid Mastercard, launched in 2018. It lets you pay in 150+ currencies globally at wholesale exchange rates — with zero foreign transaction fees.
Key features:
- No FX fees on purchases
- *Free monthly ATM withdrawals (up to S$400); 2% fee imposed thereafter
- High wallet and spending limits
- Exclusive YouTrip Perks with discounts and promotions
Perfect for: Singaporean travellers who want flexible spending with larger wallet limits and the best rates with zero fees.
📖 Related guide: YouTrip vs Wise 2025: Which Multi-Currency Card Is Best for Singaporean Travellers?
What Is Amaze?
Image Credits: Instarem
Powered by Instarem, the Amaze card is a multi-currency debit card that links up to 5 Mastercard credit/debit cards. It offers fair FX rates and 0% foreign transaction fees.
Key features:
- Limited wallet top-up options (mostly cards and PayNow)
- Link up to 5 Mastercard debit or credit cards
- Earn InstaPoints for wallet spending only (card-linked spending no longer earns points as of March 2025)
- FX transactions in foreign currency are mostly free
- 1% fee on ALL SGD transactions (effective March 10, 2025)
Perfect for: Singaporean travellers who want card-linking flexibility and are willing to accept limited rewards redemption options.
📖 Related guide: Revolut vs YouTrip Singapore 2025: Which Multi-Currency Card Saves You More?
YouTrip Vs Amaze: Comparing MYR Exchange Rates
Here’s a side-by-side comparison of the exchange rates we got in Malaysia using both Amaze and YouTrip. All transactions were made at the same time for accuracy:
| Tried & Tested MYR Exchange Rate | YouTrip | Amaze |
|---|---|---|
| 📅 29 March 2024 💆♀️ Massage at Bangkok Spa | 1 SGD = 3.510 MYR | 1 SGD = 3.499 MYR |
| 📅 30 March 2024 🍟 Snacks at Avery-Day Convenience Store | 1 SGD = 3.500 MYR | 1 SGD = 3.495 MYR |
| 📅 31 March 2024 🥐 Pastries at Lavendar Bakery | 1 SGD = 3.500 MYR | 1 SGD = 3.495 MYR |
📖 Find out more about the weakening ringgit rates here
YouTrip Pros & Cons:
✅ Pros
- Competitive wholesale exchange rates with zero FX fees.
- Lets you lock in 12 wallet currencies
- Generous free overseas ATM withdrawals – up to S$400/month before a 2% fee applies.
- High wallet and spending limits – top-up S$20,000, annual spending up to S$100,000.
- More free top-up methods (PayNow, bank account, debit cards) and strong security features (instant alerts, card lock/unlock).
❌ Cons
- Top-ups using Visa credit cards incur a 1.5% service fee.
- No traditional credit-card-style rewards (miles/points) for spending in the wallet.
📖 Related guide: Money Changer Near Me: 14 Best Money Changers In Singapore (2025)
Amaze Pros & Cons:
✅ Pros
- No foreign transaction fee for overseas spending
- Allows you to link up to 5 Singapore-issued Mastercard debit or credit cards, which can make life simpler if you already hold multiple cards.
- Multi-currency wallet supports 11 currencies
❌ Cons
- Major rewards program changes (March 2025)
- InstaPoints now only earned when spending from the Amaze wallet (not via linked cards).
- Cashback redemption has been completely removed.
- Points can only be redeemed for KrisFlyer miles at an unfavorable rate of 1,200 points = 400 miles, making the rewards program significantly less attractive.
- 1% fee on ALL domestic (SGD) transactions from the first dollar spent (effective March 10, 2025) — makes it unsuitable for local spending.
- Lower wallet top-up and annual spending limits compared with YouTrip.
- All overseas ATM withdrawals incur a flat 2% fee (no free threshold) — can add up.
- Some users report the FX rates, while good, are slightly less competitive than other multi-currency cards.
📖 Related guide: Wise Vs Revolut 2025: Which Is Better for Singaporeans?
What’s The Verdict?
For high-limit, fee-free multi-currency spending in Malaysia and beyond, YouTrip offers competitive advantages with its S$20,000 top-up limit, S$100,000 annual spending cap, and S$400 free ATM withdrawals monthly.
Amaze may suit travellers who prioritize card-linking convenience (up to 5 Mastercard cards in one place). However, it’s important to note recent policy changes effective March 2025:
- InstaPoints now earned only from Amaze wallet spending (not card-linked transactions)
- Cashback redemption has been removed
- Points redeemable for KrisFlyer miles only at 1,200 points = 400 miles
- 1% fee now applies to all SGD transactions from the first dollar
These changes mean Amaze works best for travellers who primarily use their wallet for foreign currency spending and value the card-linking feature, while YouTrip remains more versatile for both overseas and domestic use with higher limits and no SGD transaction fees.
The choice depends on your travel style:
- Choose YouTrip for higher limits, free ATM withdrawals, zero domestic fees, and straightforward perks
- Choose Amaze if card-linking is essential and you’re comfortable with the current rewards structure
💡 Pro tip for Singaporean travellers: Combine YouTrip with a rewards credit card if you want to earn points for big overseas purchases while keeping FX fees minimal.
📖 Related guide: Instarem Amaze Card Singapore Guide 2025: Fees, Rewards & Is It Worth It?
Get The Best Rates All Day
For most Singaporean travellers, YouTrip wins — hands down. It’s free, easy, and offers the best exchange rates with no weekend surprises.
Not a YouTrooper yet? Grab a free YouTrip card + S$5 credits with code <YTBLOG5>.
Don’t stop there — check out our YouTrip Perks page for exclusive deals, and join our Telegram (@YouTripSG) and Community Group (@YouTripSquad) for travel tips, event invites, and more insider perks.
Happy travels!
FAQs
Q1. Can I use YouTrip in Malaysia for all transactions?
Yes. YouTrip works at most merchants, ATMs, and online stores that accept Mastercard globally.
Q2. Can I reload Amaze with PayNow?
Yes, Amaze supports PayNow top-ups, but be aware that SGD transactions now incur a 1% fee from the first dollar spent (effective March 10, 2025).
Q3. Which card is better for large purchases abroad?
YouTrip, due to higher top-up limits (S$20,000) and annual spending cap (S$100,000).
Q4. Do YouTrip and Amaze support multiple currencies in a single wallet?
Yes. YouTrip supports 12 currencies, and Amaze supports 11, including MYR.
Q5. Is there a monthly ATM withdrawal fee for YouTrip?
YouTrip offers S$400 free per month, after which a 2% fee applies.
Q6. Can I earn rewards with YouTrip?
Yes, via YouTrip Perks discounts and promotions, up to 17% off.
Q7. Are Amaze InstaPoints still worth earning?
Since March 2025, the InstaPoints program has been significantly devalued. You can only earn points from Amaze wallet spending (not linked card transactions), cashback redemption has been removed, and points can only be converted to KrisFlyer miles at a poor rate of 1,200 points = 400 miles.
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