best travel debit card singapore

Best Debit Cards in Singapore

By irvin yap.

Hey there! I’m exploring the best debit cards in Singapore for 2023. Did you know that the statistic shows that 93.5% of Singaporeans that above 15 age have debit over credit cards? That’s huge, right?

In Singapore, debit cards play a crucial role in the everyday financial lives of residents. They offer a convenient, secure way to make transactions without carrying cash. They are widely accepted for in-store and online purchases, often with benefits like cashback and rewards.

The security of a debit card is the same as a credit card. Debit cards are directly linked to the user’s bank account, allowing immediate access to funds and ensuring spending is limited to available balances, which helps manage budgets more effectively. Unlike credit cards, credit cards may cause you to overspend and create debt.

I will share the best debit card Singapore 2023 according to my research and experiences. With this guidance, you will understand debit cards and find your best debit card Singapore 2023.

Table of Contents

Debit Card is Better Than Credit Card: Key Reasons

When managing finances in Singapore, choosing the best debit card can be smarter than opting for a credit card. Here’s why:

• Spending Within Means: The best debit card Singapore offers ensures you spend the money you already have. This prevents the risk of accruing debt, a common issue with credit cards.
• Better Budget Management: Using a debit card helps in maintaining a budget. You’re more conscious of your balance, leading to more prudent spending decisions.
• No Interest Rates: Unlike credit cards, no interest is charged on debit card purchases. This makes them cost-effective for everyday use.
• Cashback and Rewards: Opting for the best cashback debit card Singapore provides can offer similar rewards to credit cards, like cashback on purchases, without the risk of high interest or overspending.
• Suitability for Students: The best debit card for students in Singapore is tailored to the needs of the younger demographic. It’s a great tool for students to learn financial responsibility without the risk of accumulating debt.
• Travel Benefits: Frequent travellers can benefit from the best travel debit card Singapore boasts. These cards often come with lower foreign transaction fees and other travel-related benefits, making them more suitable than credit cards for international use.
• Wider Acceptance and Convenience: Debit cards are widely accepted locally and globally. They offer the same convenience as credit cards regarding online and in-store purchases.
• Lower Fees and Charges: Debit cards generally come with lower annual fees than credit cards, making them a cost-effective option for many.

Debit cards offer a safer, more budget-friendly alternative to credit cards, especially for those who prefer to avoid debts and manage their finances more effectively.

Read also: Best Credit Cards in Singapore

Compare Best Debit Cards in Singapore 

Note: The ranking above are not listed in order

What to Consider When Choosing A Debit Card?

When selecting a debit card in Singapore, several factors are crucial:

• Fees and Charges: Look for cards with low or no annual fees, and consider other charges like ATM withdrawal fees.
• Rewards and Cashback: Some cards, like the best cashback debit card Singapore, offer rewards or cashback on purchases. This can be a great way to earn while you spend.
• Foreign Transaction Fees: For travellers, the best travel debit card Singapore should have low foreign transaction fees. This is important for those who travel frequently or shop online from international retailers.
• ATM Network and Accessibility: Consider the availability and accessibility of ATMs, especially if you travel or withdraw cash frequently.
• Spending Limits: Some debit cards have daily spending limits. Ensure the limit aligns with your spending habits.
• Online and Mobile Banking Features: Look for cards that offer robust online and mobile banking features for convenience.
• Eligibility Criteria: Some cards, like the best debit card for students Singapore, are tailored for specific groups like students and might have special benefits or lower requirements.
• Security Features: Consider the security measures in place, like SMS alerts for transactions and the ability to freeze the card via an app.
• Customer Support: Good customer service is crucial for handling any issues.
• Linked Accounts and Services: Some debit cards are linked to savings or current accounts, which might offer additional benefits or interest.

The best debit card in Singapore depends on individual needs and lifestyle. These factors will help you choose a card that best suits your financial habits and goals.

Popular Debit Cards for Daily Use

1. DBS Visa Debit Card – Best for Travel

Special Highlight

The DBS Visa Debit Card is particularly valued for its travel-friendly features. It stands out in Singaporean as a robust option for frequent travel abroad. Offering the convenience of multi-currency transactions without additional fees simplifies spending in various countries. This card is a practical choice for globetrotters seeking a seamless financial experience during international adventures.

• Spend in up to 11 foreign currencies without extra fees
• Up to 3% cashback on local contactless transactions
• Widely accepted globally
• Supports Visa payWave for contactless payments

Eligibility

• Must be a DBS/POSB account holder

Additional Benefits

• Enhanced fraud protection
• Access to DBS/POSB’s extensive ATM network
• Compatibility with mobile wallets for digital payments
• Dedicated customer support for international banking queries

This card’s focus on travel-related benefits aligns it closely with the best travel debit card Singapore category, offering a blend of convenience, security, and rewards that cater to the needs of modern travellers.

2. OCBC Yes! Debit Card – Best for Spending and Rewards

The OCBC Yes! Debit Card is a standout option for those who seek rewards on their daily expenditures. It’s particularly known for its cashback and rewards program, making it an attractive choice for savvy spenders who want to maximize their returns on routine purchases. This card is ideal for those who frequent specific merchants and utilize the card’s reward structure effectively.

• Cashback on everyday purchases
• Contactless payments
• Wide merchant acceptance
• Available to OCBC account holders
• Exclusive deals and discounts with partner merchants
• Online banking facilities
• Enhanced security features

The OCBC Yes! Debit Card aligns well with the needs of those looking for a versatile spending tool in Singapore, offering a blend of rewards and convenience.

3. UOB One Debit Card – Best for Cashback

The UOB One Debit Card is highly regarded for its exceptional cashback benefits, making it a top choice for those who prioritize savings while spending. It’s especially beneficial for those with a high transaction frequency, as the card offers attractive cashback rates, making everyday spending more rewarding.

• High cashback rates on various spends
• Contactless payment options
• Wide acceptance both locally and internationally
• Available to UOB account holders
• Discounts and deals with partner merchants
• Access to UOB’s extensive ATM network
• Integration with UOB’s mobile banking app for easy account management

The UOB One Debit Card stands out in the Singapore market as the best cashback debit card Singapore, offering substantial savings through its cashback program on everyday expenses.

4. HSBC Everyday Global Debit Card – Best for Global Use and Travel

The HSBC Everyday Global Debit Card is tailored for those who travel frequently or engage in international transactions. Its multi-currency capabilities stand out, allowing users to transact in various currencies without incurring high conversion fees, making it an ideal choice for globe-trotters and online shoppers buying from international websites.

• Multi-currency transactions without extra fees
• Global acceptance for ease in international spending
• Contactless payments for convenience
• Must be an HSBC account holder
• Competitive exchange rates
• Access to HSBC’s global ATM network
• Security features like fraud protection

The HSBC Everyday Global Debit Card aligns well with the best travel debit card Singapore category, offering various features that cater to international spending needs.

5. Standard Chartered Business Debit Card – Best for Business Transactions and Management

The Standard Chartered Business Debit Card is designed for business owners and professionals. This card stands out for its capacity to simplify business-related financial transactions, offering enhanced control and convenience. It’s an excellent tool for managing company expenses, streamlining accounting processes, and keeping track of business spending.

• Tailored for business transactions
• Enhanced expenditure tracking
• Global acceptance of business travel needs
• Available to Standard Chartered business account holders
• Access to exclusive business-related offers and privileges
• Integration with business banking services for streamlined financial management

The Standard Chartered Business Debit Card is an efficient solution for business professionals in Singapore, offering specialized features that cater to the unique financial needs of businesses.

6. Citibank Debit Mastercard – Best for Global Accessibility

The Citibank Debit Mastercard is renowned for its global acceptance and convenience. This card is particularly beneficial for individuals seeking a seamless spending experience locally and internationally. It stands out for its ease of use in various shopping and travel transactions, making it a reliable choice for those who value accessibility and flexibility in their financial tools.

• Wide acceptance at numerous locations worldwide
• Contactless payment functionality
• Compatibility with various digital wallets
• Available to Citibank account holders
• Access to Citibank’s global ATM network
• Exclusive deals and promotions with partner merchants

This card is a versatile option within the best debit card Singapore landscape, catering to various spending needs and preferences.

7. NTUC Plus! Visa Debit Card – Best for Shopping and Grocery Discounts

The NTUC Plus! Visa Debit Card is tailored for individuals who frequently shop at NTUC FairPrice stores and affiliated outlets. It offers substantial discounts and savings on everyday grocery purchases, making it an excellent choice for households looking to maximize their budget in daily shopping.

• Discounts at NTUC FairPrice, Unity, and Warehouse Club stores
• Contactless payment technology
• Visa network global acceptance
• NTUC Union membership is required
• Linkage to NTUC membership for more rewards
• Exclusive promotional offers at various retail partners

The NTUC Plus! Visa Debit Card is a practical choice for Singaporeans who prioritize savings on groceries and everyday purchases, fitting well within the best debit card Singapore category for shoppers.

8. Bank of China Great Wall International Debit Card – Best for Travel

The Bank of China Great Wall International Debit Card is an excellent choice for those who frequently travel or transact internationally. This card stands out for its global acceptance and ease of use across different currencies, making it a convenient option for international travellers and shoppers.

• No annual fee
• Multi-currency transaction capabilities
• Global acceptance and usage
• Available to Bank of China account holders
• Access to exclusive global offers and promotions
• Enhanced security features for international use

The Bank of China Great Wall International Debit Card offers essential features for international use, positioning it as a strong contender within the best debit card and travel debit card categories in Singapore.

9. Maybank Platinum Debit Card – Best for Students

The Maybank Platinum Debit Card is particularly favoured for its comprehensive reward program. It is designed for individuals seeking to maximise local spending rewards. This card offers a blend of cashback and reward points on various transactions, making it an attractive choice for those who prioritize earning rewards on their everyday expenditures in Singapore.

• Attractive rewards program
• Cashback on specific categories
• Extensive local merchant network
• Available to Maybank account holders
• Exclusive discounts and deals at partner merchants
• Enhanced security features for safe transactions

The Maybank Platinum Debit Card, with its focus on rewards and local spending, can be categorized as the best debit card for students in Singapore. Its offers of cashback and special rewards help students save their costs and earn some extra benefits to strengthen the experiences of each transaction on their spending.

10. CIMB FastSaver Account Debit Card – Best for Savings and High-Interest Earnings

The CIMB FastSaver Account Debit Card suits individuals who are focused on savings and earning interest. This card is linked to the CIMB FastSaver account, known for its attractive interest rates, making it an excellent choice for those looking to grow their savings effortlessly.

• High-interest rates when linked to FastSaver account
• Wide ATM network access
• No minimum spending requirements
• Must hold a CIMB FastSaver account
• Online banking convenience
• No annual fees
• Easy fund transfers and bill payments

This card is a solid option within the best debit card Singapore category, especially for those prioritizing savings and interest accrual on their deposits.

Debit Cards with the Best Rewards

In Singapore’s dynamic financial scene, finding a debit card with the best rewards can significantly enhance your spending. Certain cards stand out for their unique reward structures among many options.

1. UOB One Debit Card

The UOB One Debit Card is noteworthy for its lucrative cashback offers, making it a top contender for Singapore’s best cashback debit card. It caters to a broad range of spending habits, offering substantial cashback on daily expenses. This makes it particularly appealing to those prioritising savings on everyday purchases.

2. CIMB FastSaver Account Debit Card

Furthermore, the CIMB FastSaver Account Debit Card is an excellent choice for those looking to earn rewards through savings. This card is linked to the CIMB FastSaver account, which offers attractive interest rates. It’s an ideal option for individuals focused on growing their savings while enjoying the convenience of a debit card.

Debit Cards for Online Shopping

1. NTUC Plus! Visa Debit Card

In the realm of online shopping in Singapore, selecting the right debit card is crucial for maximizing benefits and convenience. The NTUC Plus! Visa Debit Card is a noteworthy option, especially for those who frequently shop online for groceries and household items.

This card offers exclusive discounts at NTUC FairPrice, Unity, and Warehouse Club stores, making it an excellent choice for budget-conscious shoppers. Its cashback features and rewards program, coupled with the convenience of online shopping, position it well within the best debit card Singapore category.

For those looking to combine everyday grocery shopping with the benefits of online purchasing, the NTUC Plus! Visa Debit Card presents an attractive package of rewards and savings.

Debit Cards for Travellers

1. HSBC Everyday Global Debit Card

For travellers in Singapore, choosing a debit card that caters to their specific needs while on the move is essential. The HSBC Everyday Global Debit Card stands out in this regard. It is specifically designed for globetrotters, offering the flexibility of multi-currency transactions without additional fees.

This feature is particularly valuable for those who travel across different countries, as it eliminates the hassle of currency conversion charges. Additionally, globally, the card’s wide acceptance ensures that travellers can use it conveniently, no matter where they are.

With its traveller-friendly features, the HSBC Everyday Global Debit Card aligns perfectly with the best travel debit card Singapore cluster, making it an ideal choice for Singaporeans who are frequent travellers.

Debit Cards for Students and Young Adults

1. Maybank Platinum Debit Card

In Singapore, students and young adults have specific financial needs, and choosing the right debit card can make a significant difference. The Maybank Platinum Debit Card is an excellent choice in this segment.

Tailored to suit the lifestyles of younger individuals, it offers a mix of rewards and practicality. This card provides a rewards program that accumulates points for every spend, which can be redeemed for various rewards. Its wide acceptance and security features make it a reliable option for daily use and online purchases.

Particularly for students beginning to manage their finances independently, the Maybank Platinum Debit Card stands as a strong contender within the best debit card for students in the Singapore category, offering benefits that align with their unique spending habits and financial learning curve.

Premium Debit Cards

1. Citibank Debit Mastercard

Singapore’s financial landscape offers a range of premium debit cards, each designed to cater to the upscale market segment. The Citibank Debit Mastercard exemplifies this category, providing users with premium features.

This card offers global acceptance, Ideal for individuals seeking a blend of luxury and functionality, making it perfect for international travel and online shopping.

Its enhanced security features, exclusive deals, and promotions stand out, aligning with the best travel debit card Singapore cluster. This card caters to those who desire a high-end banking experience coupled with the convenience and safety of a debit card.

How to Apply for a Debit Card

Step 1: determine your needs.

Before choosing a debit card, assess your financial habits and needs. Consider whether you’re seeking cashback, travel perks, or student-friendly features.

Are you a frequent shopper, traveller, or student managing a tight budget? Identifying your primary spending patterns and what you value most in a debit card – rewards, low fees, or specific benefits – is essential.

This understanding will guide your choice, ensuring your card aligns with your lifestyle and financial goals.

Step 2: Research Options

Once you’ve identified your needs, research various debit cards available in Singapore. Explore their features, benefits, and fees. Look for cards that offer rewards and benefits that match your lifestyle, such as the best cashback debit card in Singapore for shoppers or the best travel debit card Singapore for frequent travellers.

Consider factors like annual fees, rewards programs, and user reviews. Comparing these features across different banks and their offerings will help you find a card that meets your requirements and offers the best value for your spending habits.

Step 3: Check Eligibility

After narrowing down your choices, check the eligibility criteria for the debit cards you’re interested in. Each card has specific requirements set by the issuing bank.

These often include age restrictions, minimum income levels, or, in the case of student cards, proof of enrollment in an educational institution. Some cards also require you to have an existing account with the bank.

Ensuring you meet these prerequisites is vital before proceeding with your application, as it saves time and increases the likelihood of your application being approved.

Step 4: Gather Necessary Documents

For a smooth application process, gather all necessary documents beforehand. You’ll need a valid identification document like a National Registration Identity Card (NRIC) or passport.

Additional documents such as an Employment Pass or Student Pass might be required if you’re a foreigner. Proof of address, often a utility bill or bank statement, is usually needed.

For income verification, recent payslips or bank statements are standard. Students should have their student ID or proof of enrollment ready. These documents will expedite the application process for your chosen debit card.

Step 5: Apply Online or In-Person

Once you have all your documents, apply for the online or in-person debit card. Online applications can be done on the bank’s website, offering convenience and speed.

For in-person applications, visit your chosen bank’s nearest branch. This option can be beneficial if you prefer face-to-face assistance or have specific questions.

Both methods require completing an application form and submitting the necessary documents. Choose the method that best suits your comfort and convenience.

Step 6: Await Approval

After submitting your application, the next step is to wait for approval. The processing time can vary depending on the bank and the completeness of your application.

Banks typically review the provided information to ensure eligibility and compliance with their criteria. During this period, you might be contacted for additional information or clarification.

Approval times can range from a few days to a couple of weeks. Patience is key during this phase, as the bank carries out necessary checks to approve your debit card application.

Step 7: Activate the Card

Once your application is approved and you receive your debit card, the next step is activation. This is a crucial security measure. Activation can be done through various methods, such as calling a designated phone number, using an ATM, or through the bank’s online banking platform.

Follow the instructions provided with your card. Activation verifies your identity and enables the card to be used. Ensure you complete this step before attempting transactions with your new debit card.

Step 8: Set Up Online Banking

After activating your debit card, set up online banking to manage your account efficiently. This can usually be done through the bank’s website or mobile app.

You must create a username and password and provide additional verification details. Online banking allows you to check balances, view transactions, transfer funds, and pay bills conveniently.

Applying for a debit card in Singapore is a systematic process that starts with understanding your financial needs and preferences. It involves thorough research of available options, checking eligibility criteria, and preparing necessary documentation.

The application process, whether online or in-person, is followed by a waiting period for approval. Once the card is received, activation and online banking are essential final steps. The right debit card can significantly streamline your financial transactions, offering convenience, security, and benefits tailored to your lifestyle.

Frequently Asked Questions

Which singapore debit card has no foreign transaction fee.

The HSBC Everyday Global Debit Card is known for having no foreign transaction fees, making it ideal for international use.

Are there any debit cards in Singapore that offer rewards or cashback?

Yes, the UOB One Debit Card and OCBC FRANK Debit Card are popular for offering rewards and cashback on various transactions.

What should I look for in a debit card if I travel frequently?

Look for cards with low or no foreign transaction fees, wide global acceptance, and travel-related benefits. For example, the HSBC Everyday Global Debit Card offers multi-currency transactions without extra fees.

Can I use my Singapore debit card overseas, and what are the associated fees?

Yes, you can use Singapore debit cards overseas, but be aware of foreign transaction fees and currency conversion charges, which vary by card and bank.

Is there a minimum age requirement to apply for a debit card in Singapore?

Yes, the typical minimum age requirement is 16 years, but it can vary depending on the bank’s policies.

Financial Disclaimer:

The information provided herein is for general informational purposes only. It is not intended as financial, legal, or professional advice. While efforts have been made to ensure accuracy and up-to-dateness, the content may not reflect current legal or regulatory standards or developments. Individual circumstances vary, and users should seek personalized advice from qualified professionals if necessary. The author or publisher of this content does not accept responsibility for any losses or damages arising from the use, reliance on, or actions taken based on the information contained in this material.

Irvin Yap is a skilled writer focused on personal finance and insurance in Singapore. Known for simplifying complex topics, his...

Editorial note: We may not cover every product in this category. For more information, see our Editorial guidelines .

The 5 best travel money cards for singapore in 2024.

Singapore is a vibrant place to visit with amazing nightlife, delicious food and a gateway to the rest of the world, it has a lot to offer visiting Australians.

In Singapore you are likely to pay for accommodation, food, transport and entertainment as well as withdraw cash from ATMs with your card.

We have looked at a number of best travel card for overseas in 2024 and have summarised their best points.

Best 6 Travel Money Cards for Singapore in 2024:

• Wise Travel Card - for the best exchange rates
• Revolut Travel Card for low fees
• Travelex Money Card - best all rounder
• HSBC Global Everyday Debit Card for ATM cash withdrawals
• Bankwest Breeze Platinum Credit Card for lowest interest rate
• ING One Low Rate Credit Card with no annual fee

Wise Travel Card - Best Exchange Rates

• 40+ currencies available
• Best exchange rates globally
• One of the lowest conversion fee on the market
• No international transaction fees
• No annual or monthly fees
• Extremely low costs to send money overseas

Wise Travel Card

• Cross currency conversion fees are between 0.24–3.69%. AUD to USD, EUR or GBP was 0.42%, which is one of the lowest on the market
• Free cash withdrawals up to $350 every 30 days. However after that, Wise Card charge a fixed fee of $1.50 per transaction + 1.75%
• Daily ATM withdrawal is $2,700
• Issue up to 3 virtual cards for temporary usage
• It takes between 7 to 14 business days to receive your card
• Can be used wherever MasterCard is accepted

The Wise Travel Card is an excellent choice for people traveling to Singapore, offering a multitude of benefits tailored to international visitors. One of the key advantages is access to over 40 currencies at the interbank exchange rate, widely acknowledged as the most cost-effective globally. This is particularly useful for travelers coming to Singapore, as they can exchange their home currency for Singapore Dollars (SGD) at very competitive rates. However if you use ATMs frequently this is not the card to use due to the fees. Finally Wise Travel Card lets you transfer money to an overseas bank account with extremely low fees and the best exchange rate.

Revolut - Best Exchange Rates

• 30+ currencies available
• One of the best exchange rates globally
• No annual or monthly fees for standard membership
• No initial card fee
• Instant access to a range of cryptocurrencies

Read our Revolut Card Review

Revolut Travel Card

• No fee ATM withdrawals up to A$350, or 5 ATM withdrawals, whichever comes first, per rolling 30 day period and 2% of withdrawal amount (minimum charge of A$1.50) after that
• Exchanging currency on the weekend can incur a 1% mark-up fee
• Fees on international money transfers were introduced in April 2021.
• Can be used wherever Visa is accepted

The Revolut Travel Card is a decent option for those who travel a lot as it offers over 30 currencies at a great exchange rate, which is the cheapest rate globally. However if you exchange currency on the weekend you can incur a one-percent mark-up fee. In addition they have introduced fees for international transfers. Finally if you use ATMs frequently this is not the card to use due to the fees.

Travelex Money Card - Best All Rounder

Best features.

• Unlimited free ATM withdrawals
• 24/7 Emergency Assistance
• Initial and replacement card are free
• Lock in up to 10 currencies

Read our Travelex Review

Travelex Money Card

• Minimum load of $100 and maximum load of $100,000
• Can be used wherever Mastercard is accepted
• Fees include a $10 closure fee, $5 for an additional card and $4 inactivity monthly fee.
• While Travelex don't charge ATM fees, some ATM operators may charge their own fees.
• Currencies that can be loaded are AU$, US$, EU€, GB£, NZ$, TH฿, CA$, HK$, JP¥, SG$
• If your card is lost or stolen you can access cash in your account through Moneygram or Western Union agents, with no charge
• Boingo hotspots offer free wifi and you can look at their number of free hotspots per country on this map

The Travelex Money Card is a good all-rounder no matter if you are heading to the bustling streets of Hong Kong or visiting the serene Lantau Island.

You can use it to take money out of the ATM, for merchant purchases like restaurants and even for online shopping in foreign currency. While the exchange rates aren't as good as Wise or Revolut for travelling , the support network if the card is lost or stolen is very good. This service can be extremely useful when journeying across the cosmopolitan city of Hong Kong.

HSBC Everyday Global Travel Card - Best Travel Card by Bank

• Great exchange rate offered for Singapore dollars (SGD)
• No ATM fees at HSBC tellers
• No initial card, closure, account keeping or monthly fees
• No cross currency conversion fees

HSBC Everyday Global Travel Card

• 10 Currencies can be loaded are SGD, AUD, USD, EUR, GBP, CAD, JPY, NZD, HKD and CNY (currency restrictions on CNY)
• No maximum balance for any currency
• Very competitive exchange rates on all currencies when you have currencies already loaded on your card
• ATMs within Australia need to be HSBC and overseas they need to display a VISA or VISA Plus logo, not be be charged fees
• Earn 2% cash back when you tap and pay with payWave, Apple Pay or Google Pay for purchases under $100.
• Daily maximum ATM withdrawal is $2,000
• Fraud protection covered by Visa Zero Liability

The HSBC Everyday Global Travel Card offers a great exchange rate for Singapore dollars, ATMs, so you can withdraw cash without the hefty overseas ATM fees.

In addition it does not charge an ‘international transaction fee’ so you can spend in Singapore and online in Australia and not pay an additional 3%.

Finally, on top of the excellent currency exchange rate, there is no maximum balance on currencies held and a 2% cash back incentive when you tap and pay under $100.

Bankwest Breeze Platinum Credit Card - Lowest Interest Rate

• Lowest interest rate at 9.90%
• No international transaction fees on purchases
• Up to 55 days interest free on purchases
• Low annual fee
• Complimentary international travel insurance

Bankwest Breeze Platinum Credit Card

• Free annual fee first year, then $69 annual fee
• Free international travel insurance that includes the basics but does not cover cancellation costs, pre existing conditions and travellers over 80
• $6,000 minimum credit card
• 0% p.a. on purchases and balance transfers for the first 15 months, then reverts to 9.90%
• 21.99% interest rate on purchases and cash advances
• Cash advance fee of the higher of $4 or 2% of cash advance

The Bankwest Breeze Platinum is a great no frills credit card that offers ‘no foreign transaction fees’ and the lowest interest rate on the market, at 9.90%. These two factors alone will save you hundreds of dollars when travelling throughout Singapore.

In addition it has a low annual fee and complimentary international travel insurance. Finally for its price point it is a great value credit card that will be accepted most places in Singapore.

ING One Low Rate Credit Card - No Annual Fee

• No annual fee
• Up to 45 days interest free on purchases
• Lowest cash advance interest rate of 11.99%
• Use instalment plans to pay off your purchases over time at a lower interest rate

ING One Low Rate Credit Card

• 11.99% interest rate on purchases
• Make payments from your mobile with pay with Apple Pay and Google Pay
• International ATM fee and Foreign currency conversion fee are waived when you deposit $1,000 into your Orange Everyday each month, and make 5+ card purchases that are settled. Otherwise they are the higher of 3% or at least $3
• Put repayments on auto payment each month to pay the minimum balance or full amount

The ING One Low Rate credit card is a great option to take to Singapore as it charges no annual fee and offers a low interest rate for purchases and cash advances of 11.99%. The cash advance interest rate is very low and about 50% less than most of its competitors who charge around 22% on cash advances.

Furthermore the ING One Low Rate credit card has no international transaction fees, so you can save money on your travels and when you buy goods from overseas. It's a handy backup card to have in your wallet when travelling through Singapore.

Learn more about the best credit, debit and prepaid cards for travel

Best Credit Card for Overseas Travel

International Prepaid Cards

Overseas Debit Card

The best travel card for Singapore is the Wise Multi Currency card for tap or swipe large transactions like accommodation and restaurants. Wise offers the best exchange rate for Singapore dollars globally and charges no international transaction fees.

HSBC Global and Citibank Plus cards are the best for ATM withdrawals and great exchange rates for Singapore dollars. Both these cards charge no international transaction fee and can be used within Australia without penalties.

The best credit cards for Singapore are the BankWest Platinum Breeze and ING One Low Rate as they have the lowest interest rates on the market with and charge no international transaction fees.

Yes, you should bring cash to Singapore and buy Singapore dollars before you travel to Singapore. It is one of the best ways to take money to Singapore. Having Singapore dollars on hand when you arrive at the airport will make your life a lot easier. The airport is also the most expensive place to exchange currency, so you will save a lot of money as well. Even though Singapore is card friendly, having cash on hand will always be handy for small purchases, tipping and paying for transport.

HSBC and Citibank have the best travel money cards for Singapore. Both have lots of ATMs within Singapore, both offer fantastic exchange rates for the Singapore dollar and both offer ‘no international transaction fees’.

A travel money card is more secure than cash because you need your pin to authorise transactions, if you lose cash you are unlikely to have it returned. If your travel money card is stolen, then you can report it lost or stolen online quickly. It is also less bulky to carry 2 or 3 cards than lots of cash.

The best prepaid cards for Singapore are Wise , HSBC and Citibank which offer the most competitive cards in the market. Other older style prepaid cards like Australia Post, Cash Passport, Travel Money Oz and Travelex have lots of charges like load, unload, inactivity, ATM withdrawals and initial card fees.

You can place money on your travel money card online and paying by direct debit from your bank account will cost you the least. Log in to your bank account, transfer your funds into the travel money card and the money should be there within 24 hours.

As a general rule, working out how much money to take to Singapore depends on where you go and your type of travel. If you travel on a budget to Singapore it can cost from $70 a day. If you travel in the middle range throughout Singapore it can cost from $150 per day. Finally if you travel with luxury throughout Singapore it can cost anywhere from $300 per day.

You can only use Singapore dollars in Singapore, you can not use Australian dollars or US dollars . The currency in Singapore is the Singapore dollar. There are 4 commonly used bank notes with different colours, they are $2, $5, $10, $50, $500 and $1,000. There are 5 coins, they are 5c, 10c, 20c, 50c and $1.

More Travel Card Guides

Learn more about the best travel money cards for your holiday destination.

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S Money complies with the relevant laws pertaining to privacy, anti-money laundering and counter-terrorism finance. This means you are required to provide I.D. when you place an order. It also means the order must be paid for by the same person ordering the currency and you must show your identification again when receiving your order.

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6 Best Travel Cards for Singapore

Getting an international travel card before you travel to Singapore can make it cheaper and more convenient when you spend in Singapore Dollar. You'll be able to easily top up your card in USD before you leave the US, to convert seamlessly to SGD for secure and flexible spending and withdrawals.

This guide walks through our picks of the best travel cards available for anyone from the US heading to Singapore, like Wise or Revolut. We'll walk through a head to head comparison, and a detailed look at their features, benefits and drawbacks.

6 best travel money cards for Singapore:

Let's kick off our roundup of the best travel cards for Singapore with a head to head comparison on important features. Here's an overview of the providers we've picked to look at, for customers looking for ways to spend conveniently overseas when travelling from the US:

Each of the international travel cards we’ve picked out have their own features and fees, which may mean they suit different customer needs. Keep reading to learn more about the features, advantages and disadvantages of each - plus a look at how to order the travel card of your choice before you head off to Singapore.

Wise travel card

Open a Wise account online or in the Wise app, to order a Wise travel card you can use for convenient spending and withdrawals in Singapore. Wise accounts can hold 40+ currencies, so you can top up in USD easily from your bank or using your card. Whenever you travel, to Singapore or beyond, you’ll have the option to convert to the currency you need in advance if it’s supported for holding a balance, or simply let the card do the conversion at the point of payment.

In either case you’ll get the mid-market exchange rate with low, transparent fees whenever you spend in SGD, plus some free ATM withdrawals every month - perfect if you’re looking for easy ways to arrange your travel cash.

Wise features

Wise travel card pros and cons.

• Hold and exchange 40+ currencies with the mid-market rate
• Spend seamlessly in SGD when you travel
• Some free ATM withdrawals every month, for those times only cash will do
• Ways to receive payments to your Wise account conveniently
• Manage your account and card from your phone
• 9 USD delivery fee for your first card
• ATM fees apply once you've exhausted your monthly free withdrawals
• Physical cards may take 14 - 21 days to arrive

How to apply for a Wise card

Here’s how to apply for a Wise account and order a Wise  travel card in the US:

Open the Wise app or desktop site

Select Register and confirm you want to open a personal account

Register with your email, Facebook, Apple or Google ID

Upload your ID document to complete the verification step

Tap the Cards tab to order your card

Pay the one time 9 USD fee, confirm your mailing address, and your card will be on the way, and should arrive in 14 - 21 days

Revolut travel card

Choose a Revolut account, from the Standard plan which has no monthly fee, to higher tier options which have monthly charges but unlock extra features and benefits. All accounts come with a smart Revolut card you can use in Singapore, with some no fee ATM withdrawals and currency conversion monthly, depending on the plan you pick. Use your Revolut account to hold and exchange 25+ currencies, and get extras like account options for under 18s, budgeting tools and more.

Revolut features

Revolut travel card pros and cons.

• Pick the Revolut account plan that suits your spending needs
• Hold and exchange 25+ currencies, and spend in 150 countries
• Accounts come with different card types, depending on which you select
• All accounts have some no fee currency exchange and some no fee ATM withdrawals monthly
• Some account tiers have travel perks like complimentary or discounted lounge access
• You need to upgrade to an account with a monthly fee to get all account features
• Delivery fees may apply for your travel card
• Fair usage limits apply once you exhaust your currency conversion and ATM no fee allowances
• Out of hours currency conversion has additional fees

How to apply for a Revolut card

Set up your Revolut account before you leave the US and order your travel card. Here’s how:

Download and open the Revolut app

Register by adding your personal and contact information

Follow the prompts to confirm your address and order your card

Pay any required delivery fee - costs depend on your account type

Chime travel card

Use your Chime account and card to spend in Singapore with no foreign transaction fee. You’ll just need to load a balance in USD and then the money is converted to SGD instantly with the Visa rate whenever you spend or make a withdrawal. There’s a fee to make an ATM withdrawal out of network, which sits at 2.5 USD, but there are very few other costs to worry about. Plus you can get lots of extra services from Chime if you need them, such as ways to save.

Chime features

Chime travel card pros and cons.

• No Chime foreign transaction fees
• No ongoing charges for your account
• Lots of extra products and services if you need them
• Easy ways to manage your money online and in app
• Virtual cards available
• You'll need to inform Chime you're traveling to use your card abroad
• Low ATM limits
• Cards take 7 - 10 days to arrive by mail

How to apply for a Chime card

Here’s how to apply for a Chime account and order a travel card in the US:

Visit the Chime website or download the app

Click Get started and add your personal details

Add a balance

Your card will be delivered in the mail and you can use your virtual card instantly

Monzo travel card

Monzo cards can be ordered easily in the US and used for spending in Singapore and globally. Monzo accounts are designed for holding USD only - but you can spend in SGD and pretty much any other currency easily, with no foreign transaction fee. Your funds are just converted using the network exchange rate whenever you pay or make a withdrawal.

Monzo doesn’t usually apply ATM fees, but it’s worth knowing that the operator of the specific ATM you pick may have their own costs you’ll need to check out.

Monzo features

Monzo travel card pros and cons.

• Good selection of services available
• No foreign transaction fee to pay
• No Monzo ATM fee to pay
• Manage your card from your phone conveniently
• Deposits are FDIC protected
• You can't hold a foreign currency balance
• ATM operators might apply their own fees

How to apply for a Monzo card

Here’s how to apply for a Monzo account and order a travel card in the US:

Visit the Monzo website or download the app

Click Get Sign up and add your personal details

Check and confirm your mailing address and your card will be delivered in the mail

Netspend travel card

Netspend has a selection of prepaid debit cards you can use for spending securely in Singapore. While these cards don’t usually let you hold a balance in SGD, they’re popular with travelers as they’re not linked to your regular checking account. That increases security overseas - plus, Netspend offers virtual cards you can use to hide your physical card details from retailers if you want to.

The options with Netspend vary a lot depending on the card you pick. Usually you can top up digitally or in cash in USD and then spend overseas with a fixed foreign transaction fee applying every time you spend in a foreign currency. You’ll be able to view the terms and conditions of your specific card - including the fees - online, by entering the code you’ll find when your card is sent to you.

Netspend features

Netspend travel card pros and cons.

• Large selection of different card options depending on your needs
• Some cards have no overseas ATM fees
• Prepaid card which is secure to use overseas
• Manage your account in app
• Change from one card plan to another if you need to
• You may pay a monthly fee for your card
• Some cards have foreign transaction fees for all overseas use, which can be around 4%
• Selection of fees apply depending on the card you pick

How to apply for a Netspend card

Here’s how to apply for a Netspend account and order a travel card in the US:

Visit the Netspend website

Click Apply now

Complete the details, following the onscreen prompts

Get verified

Your card will arrive by mail - add a balance and activate it to get started

PayPal travel card

PayPal has a debit card you can link to your PayPal balance account, to spend in Singapore as well as locally, in person and online. One advantage of PayPal is that there are lots of easy ways to add money in USD - but bear in mind that when you spend in SGD you’ll likely pay a foreign transaction fee of 2.5%. ATM fees apply when you make out of network withdrawals, too, which can push up the costs depending on how you use your card.

PayPal travel cards aren’t connected to your checking account which makes them a handy and secure way to spend, particularly if you already have a PayPal balance account.

PayPal features

Paypal travel card pros and cons.

• Globally accepted card
• Easy ways to top up your PayPal balance including cash and check
• Popular and reliable provider
• Use your card for spending online easily as well
• 2.5 USD fee for out of network ATM withdrawals
• 2.5% fee when you spend in a foreign currency
• Other charges may apply depending on how you fund and use your account

How to apply for a PayPal card

Here’s how to apply for a PayPal account and order a travel card in the US:

Visit the PayPal website or download the app

Click Get Sign up or log into your existing account

Add your personal details to create an account, or tap Request a card if you already have a PayPal account

Follow the prompts to order your card

What is a travel money card?

A travel money card is a card you can use for secure and convenient payments and withdrawals overseas.

You can use a travel money card to tap and pay in stores and restaurants, with a wallet like Apple Pay, or to make ATM withdrawals so you'll always have a bit of cash in your pocket when you travel.

Although there are lots of different travel money cards on the market, all of which are unique, one similarity you'll spot is that the features and fees have always been optimised for international use. That might mean you get a better exchange rate compared to using your normal card overseas, or that you run into fewer fees for common international transactions like ATM withdrawals.

Travel money cards also offer distinct benefits when it comes to security. Your travel money card isn't linked to your United States Dollar everyday account, so even if you were unlucky and had your card stolen, your primary bank account remains secure.

Travel money vs prepaid card vs travel credit card

It's helpful to know that you'll be able to pick from several different types of travel cards, depending on your priorities and preferences. Travel cards commonly include:

• Travel debit cards
• Travel prepaid cards
• Travel credit cards

They all have distinct benefits when you head off to Singapore or elsewhere in the world, but they do work a bit differently.

Travel debit and prepaid cards are usually linked to an online account, and may come from specialist digital providers - like the Wise card. These cards are usually flexible and cheap to use. You'll be able to manage your account and card through an app or on the web.

Travel credit cards are different and may suit different customer needs. As with any other credit card, you may need to pay an annual fee or interest and penalties depending on how you manage your account - but you could also earn extra rewards when spending in a foreign currency, or travel benefits like free insurance for example. Generally using a travel credit card can be more expensive compared to a debit or prepaid card - but it does let you spread out the costs of your travel across several months if you'd like to and don't mind paying interest to do so.

What is a prepaid travel money card best for?

Let's take a look at the advantages of using a prepaid travel money card for travellers going to Singapore. While each travel card is a little different, you'll usually find some or all of the following benefits:

• Hold and exchange foreign currencies - allowing you to lock in exchange rates and set a travel budget before you leave
• Convenient for spending in person and through mobile wallets like Apple Pay, as well as for cash withdrawals
• You may find you get a better exchange rate compared to your bank - and you'll usually be able to avoid any foreign transaction fee, too
• Travel cards are secure as they're not linked to your everyday USD account - and because you can make ATM withdrawals when you need to, you can also avoid carrying too much cash at once

Overall, travel cards offer flexible and low cost ways to avoid bank foreign transaction and international ATM fees, while accessing decent exchange rates.

How to choose the best travel card for Singapore

We've picked out 6 great travel cards available in the US - but there are also more options available, which can make choosing a daunting task. Some things to consider when picking a travel card for Singapore include:

• What exchange rates does the card use? Choosing one with the mid-market rate or as close as possible to it is usually a smart plan
• What fees are unavoidable? For example, ATM charges or top up fees for your preferred top up methods
• Does the card support a good range of currencies? Getting a card which allows you to hold and spend in SGD can give you the most flexibility, but it's also a good idea to pick a card with lots of currency options, so you can use it again in future, too
• Are there any other charges? Check in particular for foreign transaction fees, local ATM withdrawal fees, inactivity fees and account close fees

Ultimately the right card for you will depend on your specific needs and preferences.

What makes a good travel card for Singapore

The best travel debit card for Singapore really depends on your personal preferences and how you like to manage your money.

Overall, it pays to look for a card which lets you minimise fees and access favourable exchange rates - ideally the mid-market rate. While currency exchange rates do change all the time, the mid-market rate is a good benchmark to use as it’s the one available to banks when trading on wholesale markets. Getting this rate, with transparent conversion fees, makes it easier to compare costs and see exactly what you’re paying when you spend in SGD.

Other features and benefits to look out for include low ATM withdrawal fees, complimentary travel insurance, airport lounge access or emergency cash if your card is stolen. It’s also important to look into the security features of any travel card you might pick for Singapore. Look for a card which uses 2 factor authentication when accessing the account app, which allows you to set instant transaction notifications, and which has easy ways to freeze, unfreeze and cancel your card with your phone.

For Singapore in particular, choosing a card which offers contactless payments and which is compatible with mobile wallets like Apple Pay could be a good plan. Card payments are extremely popular in Singapore - so having a card which lets you tap and pay easily can speed things up and make it more convenient during your trip.

Ways to pay in Singapore

Cash and card payments - including contactless, mobile wallet, debit, credit and prepaid card payments - are the most popular ways to pay globally.

In Singapore card payments are common in most situations. You’ll be able to make Chip and PIN or contactless payments or use your favourite mobile wallet like Apple Pay to tap and pay on the go. It’s still worth having a little cash on you just in case - and for the odd situations where cash is more convenient, such as when tipping or buying a small item in a market.

Which countries use SGD?

You’ll find that SGD can only be used in Singapore. If you don’t travel to Singapore frequently it’s worth thinking carefully about how much to exchange so you’re not left with extra foreign currency after your trip. Or pick a travel card from a provider like Wise or Revolut which lets you leave your money in USD and convert at the point of payment with no penalty.

What should you be aware of when travelling to Singapore

You’re sure to have a great time in Singapore - but whenever you’re travelling abroad it's worth putting in a little advance thought to make sure everything is organised and your trip goes smoothly. Here are a few things to think about:

1. Double check the latest entry requirements and visas - rules can change abruptly, so even if you’re been to Singapore before it’s worth looking up the most recent entry requirements so you don’t have any hassle on the border

2. Plan your currency exchange and payment methods - you can change USD to SGD before you travel to Singapore if you’d like to, but as card payments are common, and ATMs widely available, you can actually leave it until you arrive to get everything sorted as long as you have a travel money card. Top up your travel money card in USD and either exchange to SGD in advance or at the point of payment, and make ATM withdrawals whenever you need cash. Bear in mind that currency exchange at the airport will be expensive - so hold on until you reach Singapore to make an ATM withdrawal in SGD if you can.

3. Get clued up on any health or safety concerns - get travel insurance before you leave the US so you have peace of mind. It’s also worth reading up on any common scams or issues experienced by tourists. These tend to change over time, but may include things like rip off taxis or tour agents which don’t offer fair prices or adequate services.

Conclusion - Best travel cards for Singapore

Ultimately the best travel card for your trip to Singapore will depend on how you like to manage your money. Use this guide to get some insights into the most popular options out there, and to decide which may suit your specific needs.

How does a Singapore Dollar card work?

Getting a Singapore Dollar card can make managing your money easier when you travel to Singapore.

Your Singapore Dollar card will be linked to a digital account you can manage from your phone, so you'll always be able to see your balance, get transaction notifications and manage your card no matter where you are. Just add money to your account in pounds, and - depending on your preferences and the specific card you pick - you can either convert your balance to Singapore Dollar instantly, or just let the card do the conversion when you spend or make a withdrawal.

If your card gives you the option to hold a Singapore Dollar balance, there's not normally any extra fee to spend the Singapore Dollar you have in your account when you're in Singapore.

Can I withdraw Singapore Dollar currency with my card in Singapore?

With some cards, you'll be able to add money to your card in United States Dollar, and then convert to Singapore Dollar instantly online or in your card's app.

Once you have a balance in Singapore Dollar you can spend with your card with no extra fees - just tap and pay as you would at home. You'll also be able to make cash withdrawals whenever you need to, with no extra conversion fee to pay. Your card - or the ATM operator - may charge a withdrawal fee, but this can still be a cheap, secure and convenient option for getting cash when you need it.

With other cards, you can't hold a balance in Singapore Dollar on your card - but you can leave your money in United States Dollar and let the card convert your money for you when you spend and withdraw.

Some fees may apply here - including currency conversion or foreign transaction charges - so do compare a few different cards before you sign up, to make sure you're picking the one which best suits your specific spending needs.

Bear in mind though, that not all cards support all currencies - and the range of currencies available with any given card can change from time to time. If your card doesn't let you hold a balance in Singapore Dollar you might find that fees apply when you spend in Singapore, so it's well worth double checking your card's terms and conditions - and comparing the options available from other providers - before you travel, just in case.

Why should I get a Singapore Dollar card?

Getting a Singapore Dollar card means you can spend like a local when you're in Singapore. You'll be able to check your Singapore Dollar balance at a glance, add and convert money on the move, and use your card for secure spending and withdrawals whenever you need to. Best of all, Singapore Dollar cards from popular providers often offer good exchange rates and low, transparent fees, which can mean your money goes further when you're on a trip abroad.

FAQ - best travel cards for Singapore

When you use a travel money card you may find there’s an ATM withdrawal fee from your card issuer, and there may also be a cost applied by the ATM operator. Some of our travel cards - like the Wise and Revolut card options - have some no fee ATM withdrawals every month, which can help keep down costs.

Travel money cards may be debit, prepaid or credit cards. Which is best for you will depend on your personal preferences. Debit and prepaid cards are usually pretty cheap and secure to spend with, while credit cards may have higher fees but often come with extra perks like free travel insurance and extra reward points.

There’s no single best prepaid card for international use. Look out for one which supports a large range of currencies, with good exchange rates and low fees. This guide can help you compare some popular options, including Wise, Revolut and Monzo.

Yes, you can use your local debit card when you’re overseas. However, it’s common to find extra fees apply when spending in foreign currencies with a regular debit card. These can include foreign transaction fees and international ATM charges.

Usually having a selection of ways to pay - including a travel card, your credit or debit card, and some cash - is the best bet. That means that no matter what happens, you have an alternative payment method you can use conveniently.

Yes. Most travel debit cards have options to make ATM withdrawals. Check the fees that apply as card charges do vary a lot. Some cards have local and international fees on all withdrawals, while others like Wise and Revolut, let you make some no fee withdrawals monthly before a fee kicks in.

Both Visa and Mastercard are globally accepted. Look out for the logo on ATMs and payment terminals in Singapore.

The cards you see on this page are ordered as follows:

For card providers that publish their exchange rates on their website, we used their USD / SGD rate to calculate how much Singapore Dollar you would receive when exchanging / spending $4,000 USD. The card provider offering the most SGD is displayed at the top, the next highest below that, and so on.

The rates were collected at 09:36:26 GMT on 25 May 2024.

Below this we display card providers for which we could not verify their exchange rates. These are displayed in alphabetical order.

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Travel money guide: Singapore

Compare how you can take your money and spend singapore dollars in the garden city..

In this guide

Travel card, debit card or credit card?

These are your options for spending money in singapore, buying singapore dollars in the us, singaporean currency, atms in singapore, how many dollars do i need to bring to singapore.

Travel money type

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Top picks of 2024

This cosmopolitan island city-state is the most financially stable and prosperous in the region. Before you embark on your adventure to tour the lush gardens, shopping malls and street food stalls, stash a travel credit card in your wallet to pay for your travels. The card waives any foreign transaction fees and lets you earn miles with your purchases.

Most locals use Singapore dollars or credit cards to pay for goods and services. Since Singapore has one of the lowest rates of crime in the world — yes, no jaywalking or littering while you’re there — you shouldn’t feel threatened carrying cash. To your advantage, getting cash from bank-owned ATMs means no operator fees.

Our picks for traveling to Singapore

40+ currencies supported

• 4.85% APY on USD balances
• $0 monthly fees
• Up to $100 free ATMs withdrawals worldwide
• Hold and convert 40+ currencies

Up to $300 cash bonus

• 0.50% APY on checking balance
• Up to 4.60% APY on savings
• $0 account or overdraft fees
• Get a $300 bonus with direct deposits of $5,000 or more

Free ATM transactions

• $50 waivable monthly fee
• 0% foreign transaction fee
• Securely move money domestically and globally
• 5 monthly out-of-network ATM reimbursements
• Free international HSBC ATM transactions

Major card brands are widely accepted in Singapore, but some merchants will charge a surcharge . ATMs in Singapore will accept the major brands Visa, Mastercard and American Express. As for travel money cards, most of them support SGD but may not be the most secure option because they don’t have your name on the card.

Using a credit card

Almost everyone in Singapore uses credit cards, so find yourself a travel credit card that waives foreign transaction fees, like the Capital One VentureOne Rewards Credit Card (Terms apply, see rates & fees ). Carrying a credit card gives you the added benefit of travel insurance and discounts, depending on your provider. For added savings, take advantage of the interest-free period by paying your balance in full each month.

Cards that offer travel perks and waive fees often charge an annual fee, so make sure the fee is worth it before you bring it along on your travels. If you’re ever in a jam, credit cards offer cash advances, though we don’t recommend it. You’ll pay high fees, and interest rates apply the moment you get your money.

• Tip: It’s worth researching credit cards that offer travel benefit and rewards for things you’ll buy anyways like flights and hotel stays.
• Widely accepted, especially Visa and Mastercard
• Find a card with no annual fees, foreign exchange fees
• Exchanges at the best possible interchange rate
• Credit cards usually charge currency conversion fee
• Cash withdrawals using your credit card are considered cash advances which will incur a costly fee and high rate

Using a debit card

A debit card to use while you’re overseas could be a good travel money choice to take to Singapore. You’ll have access to cash each time you come across an ATM without carrying lots of cash on you. Because you’re spending your own money, you avoid interest charges. Find a bank that waives or reimburses those international ATM fees, such as the Betterment Checking .

• Tip: Singapore bank ATMs do not charge an ATM operator fee.
• Singapore bank ATMs do not charge an ATM operator fee
• ATMs are located all over the city-state. Every bank or shopping center has its own
• Better for managing your budget
• Most debit cards will charge a currency conversion and ATM withdrawal fee
• No access to cash advance

Using a prepaid travel card

Travel cards can lock in conversion rates once you load USD. Use it for purchases without worrying about rates each time you spend — debit and credit cards often charge 3% for each transaction.

Where you save in the conversion rates, you may pay in fees. You’ll pay fees each time you load the card, ATM withdrawals and sometimes even an inactivity fee.

Compare these cards by looking at fees for international ATM withdrawals, initial loading and reloading, and inactivity.

• Tip: Prepaid travel cards are dual card accounts, meaning you’ll receive an additional card.
• Can be preloaded with foreign currency and canceled at any time
• Most travel cards support SGD
• Comes with lots of fees for loading and reloading, inactivity and ATM withdrawals
• Exchange rates are lower than credit cards and debit cards

Paying with cash in Singapore

You’ll need cash if you want to shop in the market areas of Haji Lane, Sim Lim and Burgis. Otherwise, you’ll find that you can use your card for the majority of purchases in Singapore.

• Accepted anywhere
• Take as much as $30,000 into Singapore without declaring it.
• More difficult to manage expenses
• Risk of theft

Using traveler’s checks

Security is the main advantage of using traveler’s checks, as each check has a unique serial number and can only be cashed with a photo ID. They’ve been replaced by less expensive debit, travel and credit cards. You can cash them at the Changi Airport and major money exchanges in Singapore, but you’ll pay a high commission and get a less favorable rate than using plastic.

• Tip: Traveler’s checks are good for locking in a good exchange rate. So if you watch the forex market, get them while the getting’s good.

Getting a refund if you’re the victim of a fraudulent transaction

• Accepted at most banks
• Fees for purchasing and cashing
• Hard to find merchants that accept them

The exchange rate

Visa and Mastercard apply a foreign exchange rate for over-the-counter purchases and ATM withdrawals. This rate is a touch above the midmarket rate and is better than what you’ll get at exchange offices and banks.

Refreshing in: 60s | Fri, Jun 21, 06:09PM GMT

It’s better to wait until you arrive in Singapore and make an ATM withdrawal or at an exchange office rather than get money exchanged in the US. The rates will be better. You can bring up to $14,000 into the country without making a customs declaration.

You can always send your money to Singapore ahead of time with a money transfer service and have it waiting to be picked up when you arrive.

The main banks in Singapore are:

• Developmental Bank of Singapore
• Post Office Savings Bank
• United Overseas Bank
• Standard Chartered Bank
• State Bank of India
• Barclays Bank
• Bank of China

You can find ATMs in Singapore inside banks or near shopping areas like malls and grocery stores. ATMs should accept Visa, Mastercard, American Express and Discover, though you’ll want to look for your card’s logo on the ATM before inserting your card.

Keep in mind that you might see Visa’s Plus and Mastercard’s Maestro or Cirrus symbols. To avoid hefty foreign currency exchange and ATM fees, go with a Betterment Checking debit card in hand, which automatically reimburses these fees.

You’ll find that Singapore is more expensive than other countries in Southeast Asia but less expensive than cities in the US and Europe. Hostels and inexpensive hotels are easy to find, and you can find tasty Asian cuisine to fit any budget.

For a backpacker’s budget, you can plan for less than $60 per day. Midrange to luxury travelers can expect to spend between $100 to $300 a day. All prices are in US dollars.

Prices are approximate and based on summer seasonality and are subject to change.

Case study: Shirley's experience

Case study: Shirley in Singapore

Shirley spent two weeks in Singapore and told finder.com about what she thinks the best travel money options are.

What are your money travel tips for Singapore?

• Be sure to notify all your credit cards and banks about your travel abroad. Credit cards want to safeguard against fraud, so they will freeze your account if any unusual spending occurs.
• Singaporean restaurants don’t include service charges, so remember to account for these when paying for goods and services.
• She says the exchange rates were better in Singapore than in the US, so she waited to exchange money until she arrived. She says the more you change, the better the rate.

Kyle Morgan

Kyle Morgan is SEO manager at Forbes Advisor and a former editor and content strategist at Finder. He has written for the USA Today network and Relix magazine, among other publications. He holds a BA in journalism and media from Rutgers University. See full profile

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Digital Multi-Currency Accounts & Cards For Travel Spending: BigPay vs Instarem Amaze vs Revolut vs Wise (Formerly TransferWise) vs YouTrip

Singaporeans are always looking for ways to save cash—especially when travelling. This is where the digital multi-currency accounts come in.

The world of  digital multi-currency accounts is constantly changing.  Instarem’s Amaze card  used to be lauded for its lucrative 1% cashback on top of your linked  credit card , but it’s since replaced this with a loyalty points-based system. At the same time, it’s also slapped on some top-up fees for certain top-up methods. Meanwhile, YouTrip has finally added Google Pay compatibility —you can now add your YouTrip card to your Google Wallet and make seamless and secure payments.

So, with all these changes, how do we know which is the best? Here’s the lowdown on  offerings from YouTrip, Instarem, BigPay, Revolut, and Wise (formerly TransferWise).  Let’s review and compare them to see which is the best digital multi-currency account.

BigPay vs Instarem Amaze vs Revolut vs Wise (Formerly TransferWise) vs YouTrip: Which is the best multi-currency account? 

Swipe left to see the full table.

Best all-round digital multi-currency card: Instarem Amaze Card  

The Instarem Amaze Card’s winning factor is the fact that you can earn Instarem rewards  on top of your own credit or debit card cashback or rewards. All you have to do is link your credit or debit card (up to 5 cards) to your Amaze card or top up your Amaze wallet and spend away. This  alone introduces a very enticing incentive for people to use the Instarem Amaze card while still spending on their existing cards.

How does the cashback work for the Instarem Amaze card?

The Amaze card used to give you 1% cashback, but has now switched to a loyalty points system with InstaPoints . When spending overseas on your Amaze card, you earn up to 1 InstaPoint for every 1 SGD-equivalent in foreign currency . There’s a minimum spend of 10 SGD (the equivalent in foreign currency) per transaction for you to earn InstaPoints on that transaction.

You’ll notice we said up to 1 InstaPoint. I dug through the Amaze Card T&Cs  and found out that how many InstaPoints you earn depends on your payment method. Per SGD1 spent in foreign currency on your Amaze Card, you’ll earn

• 0.5 InstaPoints if your Amaze Card is linked to a credit or debit card.
• 1 InstaPoint if you’re topping up your Amaze Wallet on your Amaze Card.

Their website doesn’t spell out this distinction, it just says “T&Cs apply”. Sneaky, but we’re sneakier.

There’s also a cap of 500 InstaPoints you can earn per foreign currency transaction, and InstaPoints expire after 12 months . Do note that there are also certain categories excluded from Amaze Rewards , including healthcare, utilities, education, tolls, and postal services.

To redeem InstaPoints as cashback, do so directly on your Instarem App. Every 2,000 InstaPoints gets you SGD 20 cashback.

Pros—What we like about the Instarem Amaze Card:

• 1% cashback per quarter on top of your credit or debit card rewards.
• Googly Pay compatibility: Android users can add their Amaze card on Google Pay.
• No foreign currency conversion fees
• No annual, processing, or application fees
• The Instarem app automatically categorises your transactions into categories like “Food and Dining” and “Travel”. These days, we need all the help we can get staying organised.
• Since you can link up to 5 cards, the app also combines your cards into 1 and lets you track your spending across all of them regardless of the credit card provider.

Cons—What we don’t like about the Instarem Amaze Card:

• You can only link your Amaze Card to a  Mastercard  credit/debit card or to  Google Pay . For other card associations like Visa or Amex, you have to top up your Amaze Wallet instead—which doesn’t let you earn rewards on the card you use for top-ups .
• At the same time, you only earn 1 InstaPoint per 1 SGD spend in foreign currency if you use the Amaze Wallet. If you link a card or use Google Pay, you earn half of that—0.5 InstaPoints per 1 SGD instead.
• You’ll incur a 1.5% fee when topping up your wallet using Visa cards. Top-ups using Mastercard and PayNow are free.
• Instarem charges you a fee of 2% (minimum S$0.50) for SGD transactions involving GrabPay, prepaid cards and other e-wallet top-ups. This applies to both using your Amaze card with your linked bank card as well as to Amaze wallet transactions. The saving grace is that this doesn’t apply to foreign currency transactions .
• However, to note, there’s a $100 cap on the cashback and a minimum spend requirement of $500per quarter.
• We found the linking service a bit wonky . Users have reported random declines or duplicate charges , including myself. To elaborate, I made a skincare haul on Guardian Singapore, had my S$238 charge reversed, and then recharged again.
• There is also no integration with Apple Pay, which is a shame.

Runner-up for the best digital multi-currency card: Revolut

I like no-commitment cards. Revolut gives us that option with 3 plans, the most basic of which is free. Here’s a quick comparison of the everyday benefits of all 3 cards:

And here’s a summary of their travel benefits:

For a noob traveller like me who doesn’t often leave Singapore’s sunny shores, I like the Standard plan. First of all, it’s completely free to get. Even the card delivery to your doorstep is free (assuming it’s your first Revolut card). Secondly, it provides one of the most essential service I’d be interested in during overseas trips—currency exchange (fee-free on weekdays), overseas spending, and overseas cash withdrawal.

The limit for cash withdrawal is $350 per month under the Standard plan. Admittedly, that’s not a very high limit. It’ll do if you’re strapped for cash overseas, but you can’t depend on this card for cash during long haul trips, like if you’re backpacking across Asia for a month. So at the other end of the spectrum, Revolut offers their $19.99/month Metal plan. This card lets you withdraw $1,050 per month overseas for free, on top of unlimited fee-free currency exchange on weekdays, unlimited fee-free international transfers (up to the allowed regulatory limit) and up to 1.5% cashback.

The Revolut Metal card costs S$19.99 a month or S$199 a year. Y ou get a discount if you pay upfront—it’s S$199 as opposed to S$239.98 if you were to pay monthly.

How does the Revolut card work?

Unlike the Instarem Amaze card, you can’t just link your credit card to your Revolut card and call it a day. The Revolut card works more like the Amaze Wallet—top up money, spend it later overseas directly using your card or by withdrawing cash from an ATM.

Unfortunately, there are charges for pumping money into your Revolut account—yes, even their free Standard plan has these fees :

The first top-up is free.

Comparing apple to apple, top-ups to the Amaze Wallet are free for Mastercard credit cards (0.62% for Revolut) and 1.5% for Visa (1.97% for Revolut). So as far as top-ups go, Amaze wins. But if you’re paying in cash, factor in Instarem’s 2% ATM withdrawal fee and Revolut’s 0.62% Mastercard top-up fee suddenly looks way more enticing.

Pros—What we like about the Revolut Card:

• Slickest UI
• Best integration with current phone payment methods, most notably Apple Pay and Google Pay.
• Free ATM withdrawals (up to $350, $700, or $1050 depending on your plan)
• Choice of 3 plans, including a basic Standard plan with no fees
• Premium and Metal plans come with other perks like airport lounge access and travel insurance coverage
• Fee-free currency exchange on weekdays. This is unlimited for Metal plan users, but capped at $5,000/month and $15,000/month for Standard and Premium plan users respectively. If you exceed this limist, Standard will be charged a 1% fee, while Premium customers will be charged a 0.5% fee.
• Up to 1.5% cashback on Revolut Metal card, capped at the monthly subscription fee of S$19.99.

Cons—What we don’t like about the Revolut Card:

• Surcharges to top up your Revolut account range from 0.30% to 2.08% depending on the card type.
• 1% currency exchange fee on weekends.

Overseas ATM withdrawal fee

Key Features

Spend in over 150 currencies

No fee on international ATM withdrawals, up to S$1,050 per month depending on the plan (subject to 5 withdrawals per month)

Send money domestically and internationally to 150+ countries (both bank transfer and instant card transfer)

Debit card with minimum top-up of S$20

In-app budgeting & analytics and Vault features to manager your savings

Ability to split bills easily with anyone

Free and instant P2P transfers to other Revolut users globally

Invest in 1000+ global company shares, 110+ crypto tokens, commodities with live watchlists, trading charts, market news and learn modules

Premium and Metal Add ons : Lower or no fees across multiple products (e.g., FX, Remittance, ATM, Crypto, Stocks, Commodities), Complimentary travel insurance, Customised metal card, Premium card with three exclusive designs, Priority customer service and LoungeKey Pass access to airport lounges around the world

Apply via MoneySmart and easy 5 minute setup via Revolut mobile app

Multi-currency features

Account opening / eligibility, fees and charges, other features, product documents, best free digital multi-currency card with rewards for those who don’t want sign up for more credit cards: bigpay.

BigPay is completely free to sign up and comes with no annual fees . Does Big sound familiar? It’s the subsidiary of low-cost Malaysian carrier, AirAsia, and that means you can use it to redeem discounted flights, meals from AirAsia food, travel insurance and even investments. For example, from now till 31 Dec, use  BIGPAY5 to get 5% off AirAsia flights .

It’s quite useful too if you already have an AirAsia account—simply link them up to reap even more benefits with your BigPay card.

The kicker is that you will need to spend at least S$5 on any transaction to earn 1 BIG point, and there’s a limit of S$300 daily on Visa PayWave payments. Do note that chip + pin transactions are subject to the MAS yearly limit of S$30,000. 

Pros—What we like about BigPay

• Free—no joining fee, annual fee, or account service fee
• First overseas ATM withdrawal is free
• AirAsia benefits

Cons—What we don’t like about BigPay

Essentially, its fees :

• Overseas ATM withdrawal fee: 2% after first withdrawal
• Currency conversion fee: Up to 1% + network charges
• Cross-border transaction fee: 0.5% + network charges
• Mastercard Debit: 0.6% (Domestic) / 3.05% (International)
• Mastercard Credit: 0.7% (Domestic) /3.30% (International)
• Visa Debit: 1.25% (Domestic) /2.5% (International)
• Visa Credit: 2.3% (Domestic) / 3% (International)

What about Wise (formerly TransferWise)?

Wise (formerly TransferWise)’s strength lies more in its ability to remit and hold multiple types of currencies as opposed to spending money through its e-wallet. This is shown by the fact that, out of all the digital multi currency account providers, it supports the most number of currencies to store and send, at over 50. The next highest is Revolut , which stands at a decent 36.

There is something I like about Wise that’s specific to my bad travel habits. I often underestimate the cash I need overseas and end up looking for a money exchanger or ATM. If you’re like me and don’t want to pay ATM withdrawal fees, Wise lets you withdraw up to $350 for free each month.

If you’re looking for loyalty points (like the Instarem Amaze card) or travel perks (like BigPay), Wise may disappoint you. The multi-currency card provides no special benefit to everyday consumers other than the ability to spend from the wallet. You’re better off using Wise to send money to your loved ones overseas, but it depends on the region that you’re sending to as well. Find out what I mean in this article about the best remittance services .

Pros—What we like about Wise

• Free overseas ATM withdrawals —Up to 2 withdrawals (less than $350) per month.
• No joining fee
• Highest number of currencies: 40+ different currencies in more than 175 countries.
• Transparent currency conversion fees  that you can easily check online.
• Supports Apple Pay and Google Pay.

Cons—What we don’t like about Wise

• No cashback or reward benefits

Is YouTrip a good multi-currency card?

Yes, and no. Let’s talk about the “yes” parts first.

I think YouTrip’s biggest win is that it has no overseas transaction fees or currency exchange fees . Additionally, top-ups are free for Mastercard credit and debit cards as well as Visa debit cards . Recall that these will incur a 0.5-2% fee with Revolut. Instarem doesn’t charge a fee for Mastercard, but does charge 1.5% for Visa top-ups.

YouTrip’s withdrawal fees are also competitive. Your first S$400 for the month is free—slightly higher than that for Wise. After this, YouTrip will charge you a  2% withdrawal fee.

So, what’s not so good about YouTrip? For one thing, you can only store up to 10 currencies in its e-wallet.

Its rewards system is also a bit troublesome—you have to dig out your YouTrip card for its Y-number when you want to redeem something from its YouTrip Perks page .  Granted, the mobile app does it for you, I find shopping on your desktop is a more comfortable experience because you can multitask, and compare prices between two tabs.  

Better deals can also be had within the app, but it’s on a limited-time basis and not built into the functionality of the card unlike the above mentioned providers. Also, some users have reported that some of the promotions don’t work, like how this anonymous user has sent us a screen recording of a Shopee cashback deal leading to an error page, saying that the “Budget has been exhausted” .

However, if you already have a YouTrip card sitting in your wallet, make use of the 0% foreign transaction fee to buy stuff online in other currencies or link it to foreign mobile apps such as WeChat or Taobao.

Pros—What we like about YouTrip

• No overseas transaction fees
• No currency exchange fees
• Free top ups for Mastercard credit/debit cards and Visa debit cards
• First $400/month free ATM withdrawal

Cons—What we don’t like about YouTrip

• Limited to only 10 currencies
• Desktop experience is cumbersome
• No cashback benefits

Between mid-market rates, wholesale rates, and real-time exchange rates: what’s the difference?

As a consumer, this is not something that you should base your decision on. Essentially what those above mentioned terms are talking about is the constantly changing rates of foreign currencies, and you can check it through the tools provided by Visa , Mastercard and Reuters . The difference will mostly boil down to the nearest cent, as illustrated in the Instarem Amaze card review .  

Does that mean I don’t have to exchange foreign currencies ever again?

For short trips and urban cities, you may be able to get away with not having the local currency in cash, and just rely on debit. In most cases though, I reckon you’d still want to make a trip to  Change Alley or Mustafa Centre to prepare some cash on hand.

This is because many countries are still very dependent on cash and the limit of S$350 for Wise (formerly TransferWise) and S$1,050 for Revolut (with Metal Plan, S$350 otherwise) without fees may not be sufficient for long trips.

Don’t forget that you’d have to hunt down the right ATM terminal overseas to get fee-free withdrawals. Otherwise, admin/processing fees may apply.

Is using a digital multi currency account better than a bank’s?

Banks rely on legacy structures that are still in place, which can mean unfavourable exchange rates and high fees.

However, borderless multi-currency accounts like Instarem, Revolut and Wise (formerly TransferWise) are not tied to legacy structures like the SWIFT network and multiple bank partnerships. Therefore, they can provide much lower fees, up to 6 times cheaper for currency conversion and remittance.

Example: SGD to THB on 6 Dec 2023

*Before fees are applied.

As you can see, Wise’s rate is the closest to XE’s live rate. Factoring in Wise’s transfer fees of approximately 0.58%, converting S$1,000 costs $5.77, yielding a net of THB 26,060. Overall, that still yields the most. 

A digital multi-currency account may be more convenient to apply for as well. Opening a bank account comes with requirements, one of which is to maintain a minimum balance. You don’t have to do that for electronic multi-currency accounts.

An irritating thing about using a multi-currency savings account is that you’d retain cents in various currencies that can’t be converted back after your travels.

With a digital multi-currency account like Wise, you can spend with your borderless Mastercard or Visa card and have the system choose the best existing currency to convert from. This gives you a chance to spend loose cents that you can’t convert back to Singapore Dollars.

That said, using a local multiplier savings account is convenient as you can use it to pay and withdraw money in Singapore seamlessly. You can also earn interest rates on certain foreign currencies.

In contrast, you can only withdraw up to $350 per month with no card fees overseas. This is with an electronic multi-currency account, and you can’t withdraw local currency in Singapore when the Payment Services Act was enforced in 2019.

That being said, the world is a lot different from what it used to be 3 years ago. Digital multi currency card accounts have caught up to the level of banks in terms of rewards and cashback promotions, whilst being on the bleeding edge of financial technology. Don’t miss out!

Know anyone who’s making travel plans? Share this article with them!

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Withdrawing Cash Overseas When You Travel – What To Look Out For & Withdrawal Fees

9 Best Credit Cards in Singapore for Overseas Spending (2024)

11 Best Debit Cards in Singapore for a Payment Option [2024]

Debit cards are just one of the many payment options you can opt for.

Singapore Business Owners

What is the best debit card in Singapore ? Chances are that if you’re a student, a debit card would most likely be your first card and even for the older folks, you would probably have had a debit card at some point in time.

Most or almost all debit cards offer cash back and special rewards for their users, so how then do they differentiate themselves, begetting the question on how do you decide on 1 debit card? Here is our guide on the best debit cards in Singapore you can start looking picking from.

1. Crypto.com

If you have invested in Cryptocurrency, you are in luck. Crypto.com Visa card made history as being the first Crypto card in Singapore which allows you to hold CRO cryptocurrency and enjoy cashback benefits at the same time.

The card comes with various tiers from Midnight Blue to Obsidian. To apply, you will need to have a Crypto.com account and then stake a stipulated amount of CRO tokens for a period of 6 months. At the end of that period, you will be able to select any of the Visa cards based on your CRO staking.

You will enjoy up to 8% cashback benefits and reimbursement benefits for various subscriptions and services such as Spotify, Netflix, Amazon, Expedia and Airbnb.

As a prepaid card, no annual fees will be incurred. You will be allowed to top-up your card with fiat and cryptocurrency. Additionally, no forex conversion fees will be incurred when you convert your SGD into other currencies.

Sign up today to enjoy your rewards!

2. DBS Visa Debit Card

One of our best debit card picks is the DBS Visa Debit Card where you’ll get up to 10% cash back on online food delivery and local transport. Simply spend a minimum of S$500 on Visa and keep your cash withdrawals to S$400 and below in the same month. Good news incoming!

With effect from 1 August 2021, you may receive up to 4% cash back on online food delivery, local transport and foreign currency spent. We feel that this card caters more to those who”s on food delivery and public transport spending forms a larger proportion of their expenses as there are more cash back perks.

3. UOB ONE Debit Card

This is another cashback focused card – enjoy up to 3% of cashback on online shopping, groceries, health and beauty, convenience stores, transport, food delivery and petrol.

We also like it for its variety of cashback options. However, this might not be the most wallet-friendly option as annual card fees apply and a minimum number of transactions needs to be made in order to waive that fee.

4. OCBC Frank Debit Card

Frank by OCBC is a debit card catered to students, with no annual and foreign exchange transaction fees when you shop online from selected overseas websites. For youths between the age of 16 to 26, there is no initial deposit and monthly servicing fees, which we feel best suits the financial situation of youths, allowing them to save up more in these initial years.

Once you turn 26 years old, there is a service fee of S$2 if the average daily balance for the month is less than S$1,000. Another thing we like about the Frank account is its interest rates which can earn you 4x more than your regular savings account .

5. PAssion POSB Debit Card

We like its wide range of privileges, ranging from that of attractions, entertainment, groceries, shopping and travel. Gain 1-for-1 deals at the following places on the 10th day of every month such as S.E.A. Aquarium and Cathay Cineplexes.

If you are a fan of shopping at Takashimaya, you are in for a treat as you can now enjoy 1% cashback at the store.

6. Citibank Debit Mastercard

Truly an international card – Access multiple foreign currencies, for payments and withdrawals at Citibank ATMs overseas at no additional conversion fee by applying for the Global Foreign Currency Account, which also allows one to enjoy attractive exchange rates.

With this card, enjoy up to 20% savings while shopping with selected merchants such as Klook, Sentosa and also Changi Airport.

7. HSBC Debit Card

We like the convenience of their cash withdrawal options from over 800 locations like 7-Eleven, Cold Storage, Guardian, HSBC ATMs and atm5 Network. Plus, they are having ongoing promotions where you’ll have a $0 fee on overseas cash withdrawal at all HSBC ATMs.

If you enjoy heading to the movies, you are in for a treat – save up to SGD40 on your movie ticket purchases with HSBC’s Movie Card.

8. Maybank Platinum Debit Card

The Maybank Platinum Debit Card is a Mastercard Platinum Debit card, an ATM card and a NETS card, all combined into one.

The TREATS Points can be redeemed for a host of privileges including frequent flyer miles, Capital Land vouchers, TWG tea and also OSIM products.

9. Razer Card

Definitely not your typical bank-issued card, but rather a gaming company issued card. From this, we would already have an inkling who this card would be most suited for – yes gamers you’re in for a treat! This Visa card has over 61 million acceptance points worldwide which makes it just like any other debit card.

You’ll also get to enjoy exclusive Visa offers and perks. Ever heard of the world’s first Visa card that lights up on payment? Yes, the Razer card does that just about right, with the physical numberless designed premium cards.

10. NTUC Plus! Visa Debit

The best debit card if you shop at FairPrice – Get up to 8% rebate at FairPrice and enjoy LinkPoints rebates at participating Plus! merchants – save on fuel, telco bills and other daily essentials.

We also like their NTUC-OCBC Starter Account which can earn you up to 0.45% a year interest on your savings, with no initial deposit or monthly fee required.

11. DBS UnionPay Platinum Debit

Like many other debit cards in the market, the DBS UnionPay card offers cashback and multiple rewards options. Also like many cards out there, there is no annual fee.

With over 35 million merchants & 2 million ATMs, easily find an ATM to withdraw or deposit your cash.

Do you have any reviews and comments to share regarding our choices for the best debit cards in Singapore?

While  SBO  is committed to supporting our local businesses, we welcome any feedback and anonymous sharing regarding your experience with the above-listed best debit card picks in Singapore.

We hope that this guide will be useful in helping you to make a better decision when it comes to finding the best debit cards in Singapore.

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Best SG Travel cards for traveling and spending overseas in 2023

More Singaporeans are making travel plans for 2023 as the COVID Pandemic is getting more contained. And when everyone is traveling, making overseas purchases is a given. Additionally, since everyone is moving to cards, it won’t be long before people no longer make international purchases using cash. However, many may ask which SG Travel cards are more suitable for international purchases?

Whether you’re looking for cash back rewards, no foreign transaction fees or other perks that make spending abroad easier. To decide on the right SG Travel cards, we first need to understand how these different cards charge. These charges will affect the conversion rate that you are paying. Hence, it is important to understand all the different charges to identify the best conversion rate for overseas purchases.

Finally, we will also share some of our best overseas debit card recommendations for traveling. We will also be sharing how they operate, and whether they are suitable for Singaporean users. Get ready to plan your next vacation knowing that you’ll have one of these amazing cards in hand!

Popular SG Travel Credit Cards in 2023

When traveling overseas, it’s important to understand the credit card transaction fees. Below we have listed a couple of popular miles credit cards that are adored by Singaporeans. Typically it would seem that most credit cards are charging an extra 3-5% on every purchase. 

The best cards for traveling and spending overseas are ones that also offer rewards, such as cash back or miles. Some credit cards even offer special benefits like free travel insurance or lounge access. If you’re a frequent traveler, these perks can be very valuable. 

However, because of the high costs, it is advisable to use these credit cards under the following circumstances. Ideally for users making big purchases abroad, the miles or cash back gained do make up for the additional 3-5% fees that are charged. Another case would be using these cards to make travel hotel and flight reservations. These reservations are often made in SGD and do not incur international transaction fees. Hence, customers are also able to receive rewards in the form of cash back or miles. 

Given the hefty credit card fees, some users may seek alternative card options that can support overseas spending. This is where Travel debit cards like Revolut, YouTrip and Trust Card come in. We will deep dive into some of these strong contenders and understand their pros, cons and charges.

Best SG Travel Cards in Singapore: Instarem Amaze

Similarly to Revolut and YouTrip, Instarem’s amaze is a multi-currency debit card. However, where it stands out from the rest is where it allows users to link up to five Mastercard debit or credit cards. User can then decide on the primary card for where their payments are charged.

In addition, users can stand to receive up to 0.5 – 1% in rewards every quarter. However, do be aware that here is a minimum cap of S$10 transactions and cap at $500. Each dollar spent will allow you to receive 1 InstaPoint. These points can then be redeemed in blocks of 2000 points or S$20 per quarter.

The only slight downside for Instarem Amaze is that its exchange rate is slightly poorer to Mastercard official rates. Do check out Milelion article as he did a detailed comparison of exchange rates between Instarem Amaze and Mastercard.

Nonetheless, it is definitely still one of the top travel card given its 1% rebates and no foreign transaction fees.

Follow 3 steps, receive for the Instarem Amaze card for your next overseas holiday:

• Click here to signup for the latest Amaze card
• Do include the following Referral Code: 78RphO
• Apply for the virtual Instarem Amaze card

Best SG Travel Debit Cards in Singapore: Trust Bank Card

This may come as a surprise for many as Trust Bank is a new entrant in the market. However, Trust Bank stands out because it does not currently impose any annual or foreign transaction fees. Do note that there are several conditions to achieve the 5% discount. This includes a monthly spend of S$200 and this has to be met for three consecutive months. For more details of its cash back as well as Trust credit card details, you can refer here .

Furthermore, with just a click of the button, the Trust Bank card will now be available to use overseas.

With 5 simple steps, you can stand to receive $25 NTUC vouchers. If you are keen to sign up, do sign up here .

2nd Best SG Travel Debit Cards in Singapore: YouTrip

YouTrip is Singapore’s first multi-currency mobile wallet which holds over 10 currencies. With this card, users can pay in over 150 currencies with no additional fees or markup. Currently, users can register for a YouTrip account in under 3 minutes and receive a YouTrip card for free within 7 business days. It would seem that YouTrip’s current business model is by earning a small commission of each purchase from the merchant. Hence, they do not impose any commission or markup on users which is unique as compared to other 

If you are keen to sign up, do sign up here .

3rd Best SG Travel Debit Cards in Singapore: Revolut

Revolut offers both a premium and free account plans for users to choose from. All accounts come with both a physical and virtual card that is accessible from the Revolut app. Currently, with the Revolut account, one can hold up to 30+ different currencies. With the free plan, users can enjoy up to SGD 350 fee-free withdrawals. For fee-paid premium plans, users can get to enjoy higher withdrawals from ATMs worldwide.

Overall, the travel debit card charges relatively lower fees from 0% to 1%.  However, the downside is that for these travel debit transactions, users are usually unable to earn cash back or miles rewards.

With so many great cards for traveling overseas for 2023, we hope these recommended cards are useful for you. In conclusion, for short getaways, we will recommend using the above travel debit cards. However, for long family holidays, the banks’ credit cards could be a good consideration due to the hefty amount spent. Consider where you will be traveling and what type of spending you plan on doing when choosing a card that meets your needs. Don’t forget to look at features such as foreign transaction fees before making your final decision. Do also remember to see if these cards need to enable overseas spend before you can use them. With this information in hand, it should not be too difficult to find that perfect travel card!

Furthermore, if you have yet to open a Webull Account, head here as we show you a quick guide to get Free USD50 with just a simple deposit of $1 .

If you are keen, check out our articles on other analysis: Trust Bank Referral , 101 Investing Series and Standard Chartered Credit card deals . 

Disclaimer: The information provided by LearnToInvest serves as an educational piece and is not intended to be personalised investment advice. ​Readers should always do their own due diligence and consider their financial goals before investing in any stock. 

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The 6 Best Travel Money Cards for Singapore

Singapore isn’t a cheap destination. But using a travel money card can help cut the costs of your well earned break. Spend and withdraw conveniently, and pick from a great selection of travel money cards covering travel debit cards, prepaid travel cards and travel credit cards. All of these card types have their own features and fees - but where they’re similar is in that they have been optimised for travel use, which means you can often get great rates, low fees, and extra perks when you’re spending in Singapore.

Read on for all you need to know, including a closer look at travel money card types, some great options to consider, and the sorts of fees you need to think about when you choose.

Wise – good value debit card for Singapore

Before we get into details about different travel money card options, let’s start with the Wise card as a good all-round option that allows you to hold and spend Singapore dollars, as well as a diverse range of other world currencies.

Wise accounts can hold and exchange 40+ currencies, and you can get a linked Wise card for a one time delivery fee.

You can either top up your account in ringgit and switch to Singapore dollars before you travel, or you can let the card automatically switch currencies as required. As soon as you order your physical Wise card, you can also create a Wise virtual card, which means there’s no need to wait to spend - just add your virtual card to a wallet like Apple Pay and you’re good to go.

Wise uses the mid-market exchange rate for currency conversion, with low transparent fees from 0.43%. You can also get MYR and SGD bank account details, as well as local account details for up to 8 other currencies, to receive convenient payments to your Wise account .

Here are some of the advantages and disadvantages of using the Wise travel money debit card , to help you decide if it's suitable for you.

What is a travel money card?

A travel money card can be used for payments online and in stores, and for cash withdrawals, just like your regular bank card can be. However, with a travel money card you’ll find the features and fees have been optimised for international use. That might mean you get a better exchange rate compared to using your normal card overseas, or that you run into fewer fees. Some travel cards also have options to earn cashback and rewards when you use your card internationally.

6 travel money cards for Singapore compared

We’ll look at each of these card options in a little more detail in just a moment, but let’s start with an overview of how 6 top travel money cards for Singapore line up side by side:

As you can see, the features of different travel money cards can vary pretty widely. In general travel debit cards can be convenient and often fairly cheap to use, while travel credit cards can offer some nice perks like cashback or rewards - but do mean you might run into interest and late payment charges, depending on how you choose to pay.

Travel debit cards often let you top up a linked account online or through an app, so you can set your budget and can’t spend more than you intend. Travel credit cards on the other hand let you spend to your card limit, and then repay the amount over a few months if you’d prefer to. Which is best for you will come down to how you like to manage your money - we’ll dive into a few more details about each card type, next.

What are different types of travel cards?

Broadly speaking, Malaysian customers are able to select a travel money card from either a regular bank or a specialist provider, which may be a travel debit card, travel prepaid card or a travel credit card. We’ll walk through what each travel money card type is, and pick out a couple of good card options, so you can compare and choose.

1. Travel debit cards

2. Travel prepaid cards

3. Travel credit cards

1. Travel Debit Cards for Singapore

Travel debit cards are usually offered by specialist providers, with linked digital accounts you can use to hold and convert a currency balance. While different cards have their own features, travel debit cards can usually be topped up easily online and through an app, with the option to see your balance and get transaction notifications through your phone too. That makes it easier to keep on top of your money, no matter where in the world you are.

Travel debit card Option 1: Wise

There’s no fee to open a Wise account , and just a small delivery fee for your Wise card, with no minimum balance and no monthly charge. You just pay low Wise fees from 0.43% when you convert currencies, and transparent ATM fees when you exhaust the monthly free transactions available with your account.

No fee to open a Wise account, no minimum balance requirement

• 13.7 MYR one time fee to get your Wise card

Physical and virtual cards available

2 withdrawals, to 1,000 MYR value per month for free, then 5 MYR + 1.75%

Hold SGD and 40+ other currencies, convert between them with the mid-market rate

Get local account details to receive MYR, SGD and 8 other currencies conveniently

Read our full Wise card review to learn more.

Travel debit card Option 2: BigPay

BigPay is a popular e-wallet and card available to residents in Singapore and Malaysia. You can get your card for a one time fee, and also access a virtual card for online and mobile payments. You won’t be able to hold foreign currencies in your account, but your MYR balance is switched to the currency you need when you’re abroad using the network exchange rate and a low foreign transaction fee of around 1%.

Popular e-wallet with lots of other features like bill payment and remittance

No annual fee and no credit check

Virtual card available as well as physical card

Relatively low foreign transaction fee of up to 1% depending on payment type

Earn AirAsia points when you spend

Pros and cons of using debit travel cards in Singapore

How much does a travel debit card cost.

There’s usually an issuance fee to pay to get your travel card, which may cover the physical card or the delivery for example. In most cases, this is a one off charge which can work out to be fairly good value if you use your card on an ongoing basis.

How to choose the best travel debit card for Singapore?

There’s no single best travel debit card for Singapore - it really all depends on your personal preferences and how you expect to transact. If you travel a lot you may prefer to get an account with mid-market currency exchange and a large selection of supported currencies as well as SGD and MYR, like Wise . On the other hand, BigPay is a popular local e-wallet and card, which has a fairly low 1% foreign transaction fee and other perks like help with budgeting and analysing your spending.

Is there a spending limit with a travel debit card in Singapore?  

Different providers set their own limits for card use. Limits may apply daily, weekly or monthly, and can apply to different types of transactions. You might find you have a limit to the amount of ATM withdrawals you can make per day, for example, or the value of contactless payments - these limits are set for security and can sometimes be managed and changed in the provider’s app.

ATM Withdrawals 

The costs of making ATM withdrawals does vary a lot based on the card you pick. Some - like Bigpay - have a flat fee, while others like Wise have a set limit for fee free withdrawals with low fees based on the withdrawal amount after that.

2. Prepaid Travel Cards for Singapore

With a prepaid travel card you’ll need to order a card and add funds, to pay merchants and make cash withdrawals. Prepaid travel cards are usually issued on large global networks - and can therefore be used pretty widely. Terms, conditions, features and fees do vary quite a bit, so compare a few before you pick

Prepaid travel card option 1: Enrich Money

The Enrich Money is issued by Malaysian Airlines in conjunction with Merchantrade, and allows you to top up conveniently in advance of spending globally. There are free top up options, and some which come with a fee - and once you have a balance in ringgit you can exchange it to the currency you need, from the selection of 20 supported currencies. You’ll earn rewards as you spend which you can convert to balance to spend with no foreign transaction fee to spend in supported currencies when you’re abroad.

Hold and spend 20 popular global and regional currencies

Visa network for easy spending and withdrawals

Manage your card in an app for ease and earn rewards you can convert to cash back

1.75% fee to spend an unsupported currency

Annual and card issuance fees apply, as well as a refundable deposit

Prepaid travel card option 2: Aeon Prepaid Mastercard

The Aeon Prepaid Mastercard can be used at home and abroad anywhere you see the Mastercard logo. You can top up in a variety of ways, including using cash at an Aeon location - fees may apply depending on the method you use to load funds. Once you have money on your card, you can also get extra benefits when you shop with Aeon partner merchants, and free ATM withdrawals at Aeon ATMs.

No annual fee and no minimum income requirement

Spend anywhere Mastercard is accepted

Relatively low 1% foreign transaction fee

Get discounts and rewards with partner merchants

Safe and convenient to use

Pros and cons of using prepaid travel cards in Singapore

How much does a prepaid card cost.

The costs of prepaid travel cards can vary quite a lot. There can also be a few fees to consider - the Enrich card for example, has an issuance fee, an annual fee and a returnable deposit that you’ll need to pay upfront. Double check the terms of the card you prefer so you know what to expect.

How to choose the best travel prepaid card for Singapore?

The best travel prepaid card for Singapore for you will depend entirely on your personal preference and what’s important to you. Enrich Money may be the natural choice if you use Malaysian Airlines a lot and want to hold a multi-currency balance for spending while earning rewards. The Aeon prepaid card is also a good bet with great global acceptance and no fees to make local ATM withdrawals when you’re in an Aeon location.

Prepaid travel card spending limit

Different prepaid travel cards set their own limits for spending and withdrawals, which can vary between currencies. You’ll need to check your card’s terms and conditions carefully to make sure you pick a provider which suits your needs.

ATM withdrawals with prepaid cards

Prepaid travel cards may charge a fee when you make an out of network or international ATM withdrawal. It’s common to find there are some options for fee free local withdrawals in Malaysia, but costs of about 10 MYR are often added when you’re overseas.

3. Travel Credit Cards for Singapore

Travel credit cards are similar to any other credit card, but with more international features, such as low or no foreign transaction fees or extra options to earn rewards when you’re abroad. In general, travel credit cards are safe and convenient but can be more expensive compared to using a debit card option. Before you select the right card for you it’s important to check the fees, rates, eligibility rules and interest rates which apply, so you can make sure it’s a good fit for you.

Travel credit card option 1: RHB Visa Signature

The RHB Signature credit card lets you earn cash back on spending, with a tiered system which rewards more the more you spend. Local spending can attract up to 6% cash back, while you’ll also get up to 2% cash back when you’re spending in Singapore. There’s no annual fee to pay with this card, and a relatively low 1% foreign transaction fee, which may make it an attractive pick for your next trip overseas.

Up to 2% cash back on foreign currency spending

80,000 MYR minimum annual income required

Free lounge access 5x per year, and discounts on additional lounge visits

Complimentary travel insurance

Variable interest rates which apply if you don’t pay off your bill in full

Travel credit card option 2: Maybank Visa Signature

The Maybank Visa Signature card is a premium card which has an annual fee of 550 MYR, but which offers 5x rewards on overseas spending, and lots of perks to make your trips abroad that bit easier. You’ll get access to fast track immigration clearance at airports, and can use the Visa concierge service for extra help when you need it - just bear in mind that the foreign transaction fee can be up to 2.25% which is on the higher side.

Annual fee waived in year one, then 550 MYR annually

5x Treats points for overseas spending, plus rewards when you spend at home

70,000 MYR to 100,000 MYR minimum income required

Airport speed pass to give you fast track immigration clearance in hundreds of airports

Travel insurance coverage and concierge services available

Pros and cons of using credit cards in Singapore

How much does a travel credit card cost.

The fees for your travel credit card can include several different charges - an annual fee, interest costs and penalties if you don’t pay on time for example. You can find some travel credit cards with no annual fee, but others which have more premium benefits are likely to have high fees so read the terms and conditions carefully before you choose.

How to choose the best travel credit card for Singapore?

Doing some research is the only way to pick the best travel credit card for Singapore for your own specific needs and preferences. Before you choose, make sure you weigh up the potential fees you’ll need to pay against the benefits and rewards you can earn to make sure it’s worthwhile, and bear in mind that you’ll run into interest charges if you don’t clear down your bill every month, too.

Which cards are accepted in Singapore?

Different cards are issued on their own card networks - and while all the cards we’ve covered in this guide are globally accepted, some networks are more popular in one country than they may be in another. Visa and Mastercard are usually a good bet for  a card you want to use in Singapore - but it’s helpful to know that some other card networks like American Express and Discover are less popular.

Generally the best idea - in Singapore or anywhere else you may travel - is to have more than one means of payment with you, as a backup plan. For example you might want to take a credit card and a specialist travel money card which has been issued on a different network, plus a little cash, so that you always have options if your preferred payment method isn’t available.

Travel credit card spending limit

Your travel credit card spending limit will vary depending on the issuer’s policy. You’ll be notified of the details for your card when your application is approved.

ATM withdrawals with travel credit cards

ATM withdrawals made with a travel credit card will usually mean paying a cash advance fee of around 5% of the withdrawal value, and immediate interest. Interest is likely to be set at the top end of the range that applies to your card - often about 18%.

How much money do I need in Singapore?

Singapore isn’t a cheap destination - but as a close neighbour with some great attractions, it’s still a popular place for Malaysians to visit. The costs of your trip can vary a lot depending on what you’re up to, so set your budget carefully. Here are a few tips on pricing:

Compare the costs  of your trip based on your specific plans, with Numbeo.com .

Conclusion: Which travel money card is best for Singapore?

If you’ve planned travel to Singapore you might want to get a travel money card for simple SGD spending. Travel money cards have different features, and can be picked up via banks or online specialists.

You could opt for a low cost travel debit card which comes with a linked account to hold a selection of currencies - Wise account . Or you might prefer a prepaid travel money card like the Aeon Prepaid Mastercard which has some nice perks if you’re frequently in Aeon locations. Finally, another option is to get a travel credit card either to earn cashback and rewards, or to avoid foreign transaction fees.

Use this guide to start your research and pick the right option for your specific needs.

FAQs - Best travel cards for Singapore 2024

There’s no single best card to use in Singapore. Which is right for you will depend on your preferences and spending patterns. One good option is to get a multi-currency account from a provider like Wise which you can use in Singapore and on future trips, too, as you’ll be able to hold, spend and exchange SGD and MYR alongside dozens of other major currencies.

Spending with your card is convenient when travelling in Singapore, but you’ll be best off having several different payment methods just in case your first choice isn’t supported. For example, you could choose 2 different debit or credit cards, issued on different networks, and you could also get some dollars in advance so you have some cash on you for those odd times when cards aren’t available.

You can usually make cash withdrawals with a credit card in Singapore at any ATM that supports your card network. You’ll often find that a fee applies, and you may start to accumulate interest on the withdrawn amount immediately. Travel money debit cards from providers like Wise can be a lower cost option for cash withdrawals in SGD.

You can use your Malaysian card anywhere you see the card network’s logo displayed. Visa and Mastercard networks are very well supported globally, including in Singapore, making these good options to look out for when you pick your travel debit card for Singapore.

Prepaid cards from reputable providers are safe to use at home and abroad. They aren’t linked to your main bank account which can offer extra peace of mind, and may also make it easier to manage your travel budget. However, you’ll need to check the card features and fees carefully to make sure you're getting the best match for your needs.

The fees applied for travel cards can vary widely depending on the provider and the card type. With debit cards you may find ATM fees, and costs for converting currencies, although specialist providers like Wise and BigPay have linked accounts which can bring down the costs of currency conversion. Credit card fees include cash advance charges, foreign transaction fees and interest.

Personal    |    Business

Best Multi-Currency Cards In Singapore 2024

• Yiew Jae-Lyn

Wondering which multi-currency card will grant you the biggest savings? Let us do the work for you as we compare the best multi-currency cards in Singapore and determine which suits your needs best.

The holidays are coming up and you’re all but ready to splurge away — after all, you’re on vacation! But what if we told you that picking the right multi-currency card can make a huge difference when scoring greater savings? That’s where we come in. Read on as we compare the best multi-currency cards in Singapore — YouTrip, Revolut, Wise, Instarem Amaze, and Trust — and settle the debate of which multi-currency card suits your travel needs the best.

💜 Stay Up To Date: –  The Wildest Dream Music Experience For Two In Town – How To Capitalise On The Malaysian Ringgit Right Now –  South Korea Cherry Blossom Forecast 2024: When And Where To Spot Them

What’s A Multi-Currency Card?

Image Credits: CNA

Multi-currency cards are no doubt the handiest tools to have on your travels. It allows you to skip the queues at money changers and simplifies the way we deal with foreign currencies — all while making things all the more convenient with contactless payments!

Wanna lock in the depreciating JPY/EUR/USD in advance? All it takes is a few taps on your phone. Simply top up your multi-currency wallet in SGD and exchange it for the in-wallet currency you need. Or let the card automatically do the currency conversion for you! With the right multicurrency card, you basically have a currency exchange service in your palms ✨

With various supported currencies in one place and the ability to switch between them easily, multi-currency cards are your best bet when it comes to overseas transactions. But with so many options to choose from, where do you start? More below 👇

Best Multi-Currency Cards In Singapore 2024: Check out the best travel credit cards in Singapore for overseas spending here

Factors To Consider When Choosing A Multi-Currency Card:

1. which has the best exchange rate.

If you’re looking for a card that’ll give you the biggest savings overseas, the one with the best foreign currency exchange rate will be your most crucial consideration.

Looking for real-time currency exchange rates that are close to the published rates you see on Google, XE.com, and other financial sites? You might want to explore a multi-currency card that utilises Wholesale Exchange Rates . These rates are foreign exchange rates used by banks, large corporations, and public and private institutions for large-volume currencies.

Refer to this Mastercard Calculator for Wholesale Exchange Rates. 

Best Multi-Currency Cards In Singapore 2024: Find out more about Wholesale Exchange Rates here

Another factor to consider when choosing a multi-currency card is its fee structure. Some multi-currency cards offer higher fees compared to others. Here are some fees to look out for:

• Annual Fees: Some multi-currency cards come with an annual fee when you opt for premium plans that give you extra benefits. Consider if this extra cost is worth it for you.
• Foreign Transaction Fees: Some multi-currency wallets charge a foreign transaction or currency conversion fee of up to 3% when you’re paying in foreign currency.
• Overseas ATM Withdrawal Fees: Most multi-currency cards charge a fee for overseas ATM withdrawals — but some offer free monthly withdrawals. Choose a card that lets you withdraw your money hassle-free.
• P2P Transfer Fees (Sending Money): If you’re studying abroad, contemplating an overseas student exchange program, or have relatives residing abroad, it’s worth considering a multi-currency card that doesn’t impose transfer fees. Some multi-currency wallets charge a fee of up to 3% when transferring funds to other accounts.
• Top-Up Fees: Top-up fees may reach as high as 2.08% and can vary depending on the type of card you use for top-ups — e.g. Mastercard vs Visa or debit vs credit card. These top-up fees can also vary depending on the currency.

Best Multi-Currency Cards In Singapore 2024: Find out how you can capitalise on the Malaysian ringgit now!

3. Wallet Limits

Wallet limits include top-up and annual spending limits. Some wallets have lower limits compared to others. Consider your overseas spending habits and if you tend to lock in the best rates before your trip. 

Best Multi-Currency Cards In Singapore 2024: Check out our comparison guide on Wise Vs Revolut here

4. Other Added Benefits

Much like your traditional credit cards , some multi-currency cards also offer exclusive rewards and benefits for their users, whether it’s in the form of cashback for online shopping, air miles, or exclusive deals and discounts for their cardholders.

Different cards also come with their own unique added features that you can look out for, such as expense tracking tools, the ability to do money transfers, access to a virtual card, as well as integration to Apple Pay and Google Pay. These are all additional things you can look out for when deciding on the best multi currency card for travel 👀

Comparing Multi-Currency Cards Using YSL Bags:

Image Credits: YSL

👜 The Bag In Question: Le 5 À 7 In Smooth Leather

Let’s start off with looking at one of the most popular YSL handbags — the classic 5 to 7 bag. Currently, this iconic bag is going at €1,890 (~S$2,745.71) at the time of writing in France — way cheaper compared to Singapore’s price of S$3,390 . But how much would it cost when purchasing it with different multi-currency cards? 

Best Multi-Currency Cards In Singapore 2024: Check out YSL’s 5 to 7 in Smooth Leather here

Comparing Best Multi-Currency Cards In Singapore 2024

Here’s a comparison between the most popular options when it comes to overseas spending — YouTrip, Revolut, Wise, Amaze, and Trust Bank. Read on as we list out each of their features, pros and cons, as well as how much a YSL bag would cost with each card.

Best Multi-Currency Cards In Singapore 2024: Check out this comparison article on YouTrip Vs Amaze here  

Pros & Cons:

Pros: One of the major advantages of YouTrip is its exchange rates. By leveraging wholesale exchange rates and charging zero fees, you’re able to score extra savings on items like YSL products.

YouTrip also offers a higher amount in free monthly ATM withdrawals (S$400) as compared to other multi-currency cards.  It was also the first in the market to enhance its wallet limits — suitable for those looking to lock in more rates and spend larger amounts. Lastly, YouTrip cardholders can get access to exclusive cashback deals and discounts via YouTrip Perks .

Cons:  YouTrip is only able to store 10 major currencies in-wallet.

Estimated price of Le 5 À 7 In Smooth Leather Bag: ~S$2,745.50

Best Multi-Currency Cards In Singapore 2024 : Find out more about YouTrip’s enhanced wallet limit here

Image Credits: Capture the Atlas

Pros: Revolut leverages interbank rates and covers a broad range of currencies that users are able to lock in.

Cons: However, it comes with a larger number of fees including annual fees that are dependent on the type of plan you opt for, and higher top-up and foreign transaction fees. Revolut also had the lowest exchange rate of 1 SGD = 0.6796 EUR.

Estimated price of Le 5 À 7 In Smooth Leather Bag: ~S$2,781.05

Best Multi-Currency Cards In Singapore 2024: Find out more about Revolut’s fees here

Image Credits: Wise

Pros: Wise utilises mid-market rates to offer users competitive exchange rates and is able to support a vast array of currencies compared to other multi-currency accounts. Wise also has a lower ATM withdrawal fee of 1.75%. 

Cons: Wise offers a higher transaction fee starting from 0.43% onwards, as well as a higher top-up fee of 2% compared to the other multi-currency cards on this list. 

Estimated price of Le 5 À 7 In Smooth Leather Bag: ~S$2,758.32

Best Multi-Currency Cards In Singapore 2024 : Find out more about Wise’s fees here

Image Credits: Instarem

Pros: The Instarem Amaze Card allows you to link up to five Mastercard debit/credit cards, enjoy 0 FX fees, and rack up rewards like InstaPoints

Cons: However, Amaze charges a 1% fee for SGD transactions involving GrabPay, prepaid cards, and other e-wallet top-ups. Additionally, it doesn’t offer any free ATM withdrawals. 

Estimated price of Le 5 À 7 In Smooth Leather Bag: ~S$2,747.09

Best Multi-Currency Cards In Singapore 2024: Find out more about Amaze’s fees here and read our comparison of Amaze vs YouTrip here

5. Trust Bank

Image Credits: Trust Bank

Pros: The Trust Bank credit card offers minimal fees and doesn’t charge for ATM withdrawals or foreign currency transactions. It also offers rewards such as coupons and stamp cards.

Cons: Compared to other multi-currency cards, you’re not able to lock in depreciating rates with Trust. And though Trust Bank offers minimal fees, there is a late payment charge of S$100 and interest accrued if the minimum amount due is not received by the due date. Trust Bank’s FX rates might not be the most competitive in the market when it comes to overseas spending. 

Estimated price of Le 5 À 7 In Smooth Leather Bag: ~S$2,755.10

Best Multi-Currency Cards In Singapore 2024: Find out more about Trust Bank’s late fees here

 Maximise Your Savings — Every Cent Counts!

And there you have it! You’re all set with your very own cheat sheet on the best multi-currency cards in Singapore. Find a card that suits your needs best — whether you’re looking for the best rates in town or one with zero fees.

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!

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 travels!

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Find out which multi-currency card is right for you!

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Lock in the best rates with YouTrip.

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4 days of food, shopping, and plenty of fun! 😻

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at Don Quijote Japan!

Up to 10% tax free + 5% additional discount

• Valid till 01 Oct 2024
• Flash the discount coupon at the payment counter & pay with YouTrip during checkout in store (Click discount coupon)
• Enjoy additional 5% discount with min 10,000 yen (JPY) spent excluding tax
• We want to help you get your discount! 1. Ensure that you t ap the " Discount C oupon"  banner below to go to the barcode screen. 2. Present the coupon screen to the cashier staff at the time of payment. 3. Lastly, tap the "Use Coupon" button.
• Valid until 01 October 2024.
• [Japanese temporary returnees] who purchased tax-free goods are eligible for the coupon.
• Foreign diplomat(s) are not eligible for tax exemption.
• Eligible Stores: Don Quijote, APITA, and PIAGO Stores in Japan (Excluding some stores)
• Tap the coupon banner below to go to the barcode screen.
• Present the coupon screen to the cashier staff at the time of payment.
• Last, tap the “Use Coupon” button.
• This coupon is valid only once for tax-free transactions of 10,000 yen (excluding tax) or more.
• Please note that the following items are not included & eligible for the discount: Alcohol, cigarettes, POSA cards, game consoles, products costing more than 100,000 yen (excluding tax), and products with price restrictions, etc.
• Please be sure to present the coupon at the time of payment.
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• Please note that the coupon is unaccessible from mobile screenshots.
• This coupon cannot be used with other discounts, services, or majica cards.
• Any outstanding balance after deducting the face value of the coupon must be paid in full using YouTrip Card.
• The offer is subject to terms and conditions of Don Quijote. In case of dispute, the decision of Don Quijote and YouTrip shall be final.

Up to 9% cashback at Charles & Keith!

9% cashback (New Charles & Keith users)

• Valid till 31 December 2023
• Pay with YouTrip during checkout
• Receive cashback within 45 days after checkout

3% cashback (Existing Charles & Keith users)

• Valid from 31 December 2023
• We want to help you get your cashback! 1. Ensure that you follow through with your purchase once you click on “Redeem Deal” on YouTrip Perks. 2. If you jump out of the check-out process (even if to check on a message or just happen to close your browser), click through YouTrip Perks again to re-purchase to get your cashback.
• Only purchases made through the Charles & Keith affiliate link provided by YouTrip will be eligible for cashback.
• Return to YouTrip Perks and clickthrough to Charles & Keith whenever you are making a new transaction.
• Purchase must be made within the same window.
• Cookies must be enabled on your browser for cashback to be tracked.
• Cashback will not be awarded for cancelled or refunded orders.
• Cashback will be awarded after 45 days from the date of purchase.
• Cashback rate will be subjected to the merchant’s discretion and the eligibility of selected products.
• Cashback rate for Charles & Keith varies for each item and the exact cashback rates would only be known when the item is successfully tracked.
• Purchases made via the Charles & Keith mobile app will not be eligible for cashback.

8% off at SGPomades!

$8 off min S$50 spend

• Valid till 31 December 2021
• Pay with YouTrip and apply code 'YOUTRIP8' during checkout
• Enjoy 8% off min S$50 spend upon checkout
• Promo code only applicable when using your YouTrip Mastercard upon checkout.
• 1 redemption per customer only
• Promo codes are not exchangeable for cash.
• Valid only for original price items.
• Not stackable with existing promotions.
• Exclusions Apply.

3% cashback at Dyson!

3% cashback

• Only purchases made through the Dyson affiliate link provided by YouTrip will be eligible for cashback.
• Return to YouTrip Perks and clickthrough to Dyson whenever you are making a new transaction.
• Dyson accessories will not be eligible for cashback.

4% cashback at UNIQLO!

4% cashback

• Only purchases made through the UNIQLO affiliate link provided by YouTrip will be eligible for cashback.
• Return to YouTrip Perks and clickthrough to UNIQLO whenever you are making a new transaction.

Up to 11% cashback at Trip.com!

Up to 11% cashback

• Receive cashback 45 days after checkout
• Only purchases made through the Trip.com affiliate link provided by YouTrip will be eligible for cashback.
• Cashback up to 11% for Hotels and 3% for Flights from 2 June 2024 to 7 June 2024, after which cashback will revert back to 6% (Hotels) & 2% (Flights)
• Return to YouTrip Perks and clickthrough to Trip.com whenever you are making a new transaction.
• Cashback rate will be subjected to the merchant’s discretion and the eligibility of selected activities.
• Cashback rate for Trip.com varies for each item and the exact cashback rates would only be known when the item is successfully tracked.
• Please refer to the table below for full cashback rates.

25% off at HOUZE!

25% off min $60 spend

• Pay with YouTrip and apply code 'YOUTRIP25' during checkout
• Enjoy 25% off min $60 spend upon checkout
• Only 1 promo code may be used at a time.

25% off at Table Matters!

Up to $260 cashback and KrisShop e-Vouchers at Singapore Airlines!

$20 cashback with min $500 spend

• Valid till 26 November 2021
• Pay using YouTrip at checkout
• Register through YouTrip's campaign registration form
• Enjoy up to 4x cashback rewards per booking
• Receive cashback by 31 December 2021
• Limited to the first 1,000 redemptions
• Only bookings made via the SIA website, Mobile App or selected list of SIA appointed travel agents within the campaign period and redemption limit will be eligible for cashback.
• For full T&Cs, please visit https://www.you.co/sg/youtrip-singapore-airlines-cashback-tnc/

$30 KrisShop e-Voucher with min $500 spend

• Enjoy up to 6x KrisShop e-Vouchers per booking
• Limited to the first 4,000 redemptions
• Only bookings made via the SIA website, Mobile App or selected list of SIA appointed travel agents within the campaign period and redemption limit will be eligible for KrisShop e-Voucher rewards
• Offer is strictly applicable to flights to and from the following destinations only: Frankfurt, Munich, Amsterdam, Barcelona, Copenhagen, London, Los Angeles, Milan, New York, PAris, Rome, San Francisco, Seattle or Vancouver
• For full T&Cs, please visit https://www.you.co/sg/youtrip-singapore-airlines-krisshop-tnc/

Up to 10% off at Expedia!

Up to 10% off

• Valid till 30 Jun 2023
• Pay with YouTrip and apply code 'MASTER10' during checkout
• Enjoy 10% off (Capped at S$70) upon checkout
• Booking period Now till 30 Jun 2023
• Stay period: Now till 31 September 2023
• Participating “Expedia Rate” hotels refer to hotels labelled “Expedia Rate” and are not on the exclusion list available at the booking page.
• Up to 10% discount coupon on hotel bookings at thousands of participating properties globally. 10% savings with promo code MASTER10 – Singapore: Discount value capped at SGD70 per transaction
• No minimum stay requirement.
• Coupon only applies to first room in the booking.

Up to 6% cashback at JD Sports!

6% cashback (Regular-priced items)

2% cashback (Sale Items)

• Only purchases made through the JD Sports affiliate link provided by YouTrip will be eligible for cashback.
• Return to YouTrip Perks and clickthrough to JD Sports whenever you are making a new transaction.
• Cashback rate for JD Sports varies for each item and the exact cashback rates would only be known when the item is successfully tracked.

Up to 5% cashback at ASOS

Up to 5% cashback (New ASOS users)

3% cashback (Existing ASOS users purchases via Web)

2% cashback (Existing ASOS users purchases via App)

• Only purchases made through the ASOS affiliate link provided by YouTrip will be eligible for cashback.
• Return to YouTrip Perks and clickthrough to ASOS whenever you are making a new transaction.

10% off at SweatSpot!

10% off all packages

• Valid till 12 April 2022
• Pay with YouTrip and apply code 'YOUTRIP' upon checkout
• Enjoy 10% off upon checkout

10% cashback at Taobao!

10% cashback with min S$50 spend

• Valid till 31 January 2022
• Register and spend a minimum of $50 and pay with YouTrip during checkout
• Register for promotion here
• For first 750 users only
• 10% cashback with minimum spend of $50.
• Limited to the first 750 users on a first come, first served basis. 
• Payment must be charged to a YouTrip Mastercard. 
• The required minimum spend must be in a single transaction before any other promo codes, vouchers or coupons. Minimum spend excludes all taxes and fees, including but not limited to shipping and handling, unless otherwise stated.
• All purchases made in conjunction with the Offer are subject to prevailing taxes and service charges where applicable. 
• YouTrip makes no warranty or representation as to the quality, merchantability or fitness for purpose of any goods or services purchased from the merchant. Any dispute about the same must be resolved directly with the merchant. 
• YouTrip shall not be responsible for any loss, injury, claim, damage or expense arising from the redemption of the Offer or the use of the goods and services purchased from a merchant.
• YouTrip is not an agent of Taobao or any merchant, or vice versa.
• All information is correct at time of print. YouTrip will not be responsible for any changes which occur after print.
• YouTrip reserves the right to vary the terms and conditions of the Offer or withdraw or discontinue the Offer by providing written notice to the other party at least 7 days in advance and indemnify the direct economic loss of the other party caused by YouTrip’s behavior under the clause.

Up to 10% cashback at Shopee!

Up to 10% cashback (New Shopee users)

3% cashback (Existing Shopee users)

• All cashback will be capped at S$5.00
• Only purchases made through the Shopee affiliate link provided by YouTrip will be eligible for cashback.
• Return to YouTrip Perks and clickthrough to Shopee whenever you are making a new transaction.
• Cashback rate for Shopee varies for each item and the exact cashback rates would only be known when the item is successfully tracked.
• Please refer to the table below for product cashback rates

Up to 7% cashback at Sephora!

7% cashback (New Sephora users)

2.5% cashback (Existing Sephora users)

• Only purchases made through the Sephora affiliate link provided by YouTrip will be eligible for cashback.
• Return to YouTrip Perks and clickthrough to Sephora whenever you are making a new transaction.

$20 cashback at Circles.Life!

$20 cashback (For new Circles.Life customers)

• Only purchases made through the Circles.Life affiliate link provided by YouTrip will be eligible for cashback.
• Return to YouTrip Perks and clickthrough to Circles.Life whenever you are making a new transaction.
• Not applicable for purchases made via the Circles.Life mobile application

Up to 12% cashback at AirAsia Food

12% cashback (New AirAsia Food Customers)

• Valid till 31 December 2022

6% cashback (Existing AirAsia Food Customers)

• Only purchases made through the AirAsia Food affiliate link provided by YouTrip will be eligible for cashback.
• Return to YouTrip Perks and clickthrough to AirAsia Food whenever you are making a new transaction.

at Trip.com!

• Valid till 30 September 2025
• Receive cashback within 60 days after completion of activity/stay/flight
• Cashback will be awarded after 60 days from the completion of activity/stay/flight.
• Cashback will be calculated based on the final online booking checkout price, excluding taxes, fees, service charges, children/infant tickets, insurance and any payments to be made at the hotel.
• Promo or voucher codes that are not recognised by YouTrip will be ineligible for Trip.com cashback.
• Cashback does not include Trip coins, store credits or voucher/coupon codes.

3% cashback at 24S!

• Only purchases made through the 24S affiliate link provided by YouTrip will be eligible for cashback.
• Return to YouTrip Perks and clickthrough to 24S whenever you are making a new transaction.
• Celine, Louis Vuitton and Dior products are not eligible for cashback.

10% cashback (New Lazada users)

• Valid till 31 December 2024

3% cashback (Existing Lazada users)

• Pay with YouTrip on Lazada (LazMall excluded) during checkout
• Only purchases made through the Lazada affiliate link provided by YouTrip will be eligible for cashback.
• Return to YouTrip Perks and clickthrough to Lazada whenever you are making a new transaction.
• Cashback rate for Lazada varies for each item and the exact cashback rates would only be known when the item is successfully tracked.
• Products not eligible for cashback: Sports shoes and clothing, Electronics Accessories, Groceries.
• Cashback capped at $10

15% off at iShopChangi

15% off with no min. spend (For traveller purchases only)

• Pay with YouTrip and apply code 'YOUTRIP15' during checkout
• Enjoy 15% off with no min. spend
• Valid for traveller purchases only.
• Payment must be made with YOUTRIP Mastercard.
• Only one Promo Code may be used at a time.
• Promotion is valid until 31 December 2023.
• Promotion is not exchangeable for cash, prizes, products or other vouchers.
• Promotion is not valid in conjunction with privilege holder discounts.
• Chanel and Dior are excluded from this promotion.
• The Shilla Duty Free reserves the right to amend or withdraw any terms & conditions without any prior notice.

S$15 off at The Shilla!

S$15 off min S$150 spend in store

• Flash this at the counter and pay with YouTrip during checkout in store
• Enjoy S$15 off min S$150 nett spend
• Valid until 31 December 2022.
• Limited to one redemption per customer.
• Any outstanding balance after deducting the face value of the voucher must be paid in full using YouTrip Card
• The promotion must be fully utilised and any unutilised amount will be forfeited.
• Not exchangeable for cash, prizes, products or other vouchers.
• Not valid in conjunction with privilege holder discounts.

5% cashback at Chemist Warehouse!

5% cashback

• Only purchases made through the Chemist Warehouse affiliate link provided by YouTrip will be eligible for cashback.
• Return to YouTrip Perks and clickthrough to Chemist Warehouse whenever you are making a new transaction.

Up to 10% off at Qatar Airways!

Up to 10% off 

• Click through to Qatar via YouTrip Perks, apply code 'YTQR23' & Pay with YouTrip during checkout
• Enjoy up to 10% off upon checkout
• Sales period: 8 May 2023 – 31 December 2023
• Travel period: 8 May 2023 – 31 March 2024
• Booking must be made using promo code YTQR23 to avail of the discount
• Full payment must be made with a YouTrip Card
• Save 10% on Business Class Comfort fares
• Save 10% on Economy Class Convenience fares
• Save 7% on Economy Class and Business Class Classic fares
• Valid only on Qatar Airways flights from Singapore
• Valid to the following destinations: Abu Dhabi, Almaty, Amsterdam, Ankara, Athens, Atlanta, Baku, Barcelona, Belgrade, Berlin, Boston, Brussels, Bucharest, Budapest, Cape Town, Casablanca, Chennai, Chicago, Copenhagen, Dallas, Dar Es Salaam, Doha, Dubai, Dublin, Durban, Edinburgh, Frankfurt, Geneva, Harare, Helsinki, Houston, Islamabad, Johannesburg, Kilimanjaro, Larnaca, London, Los Angeles, Lusaka, Luxor, Madrid, Malabo, Manchester, Medina, Miami, Milan, Mombasa, Montreal, Moscow, Mumbai, Munich, Nairobi, New York City, Oslo, Paris, Philadelphia, Pisa, Prague, Rome, San Francisco, Sao Paulo, Seattle, Seychelles, Sharjah, Sofia, St Petersburg, Stockholm, Tbilisi, Venice, Vienna, Warsaw, Washington, Windhoek, Yerevan, Zagreb, Zanzibar, Zurich
• All-in fares include all taxes, fees, and surcharges which are subject to currency fluctuation
• Blackout dates and surcharges may apply. Please refer to the fare rules for details at the time of booking.
• Blackout Periods: 18 Nov – 20 Dec 2022 (Doha and Middle Eastern Countries), 1 Jan – 10 Jan 2023 (All destinations)
• Peak period surcharges may apply
• Fares are subject to change without prior notice
• Discount applies to return base fare only of selected fare classes
• Discount does not apply to taxes and all other surcharges
• Seats are limited and are subject to availability of the relevant booking class
• Minimum and maximum stay as well as advance purchase rules apply dependent on the booking class
• Please refer to the fare rules at the time of booking for changes, cancellations and no-show conditions
• Any change or cancellation less than 3 hours prior to the stated time of departure will be considered as no-show
• For travel involving multiple booking classes, the most restrictive fare rules apply to the entire itinerary
• Standard child/infant discount apply
• Please note that market-specific promotional fares may be available for selected dates and destinations, and may not be eligible for the discounts under this offer. All available options, together with the applicable terms & conditions for each fare will be displayed at time of booking for you to make your selection
• Qatar Airway’s terms and conditions will also apply to your booking, please review these at the time of booking
• Other terms and conditions apply. Please review at the time of booking

2.1% cashback at Watsons!

2.1% cashback

• Only purchases made through the Watsons affiliate link provided by YouTrip will be eligible for cashback.
• Return to YouTrip Perks and clickthrough to Watsons whenever you are making a new transaction.
• Cashback rate for Watsons varies for each item and the exact cashback rates would only be known when the item is successfully tracked.
• Cashback will be calculated based on the final checkout price, excluding taxes, delivery fees, any additional fees, service charges.

10% cashback at Puma!

10% cashback

• Valid till 30 Dec 2023
• Only purchases made through the Puma affiliate link provided by YouTrip will be eligible for cashback.
• Return to YouTrip Perks and clickthrough to Puma whenever you are making a new transaction.

5% cashback at AirAsia Grocer!

• Only purchases made through the AirAsia affiliate link provided by YouTrip will be eligible for cashback.
• Return to YouTrip Perks and clickthrough to AirAsia whenever you are making a new transaction.

8% cashback at On The List!

8% cashback

• Only purchases made through the On The List affiliate link provided by YouTrip will be eligible for cashback.
• Return to YouTrip Perks and clickthrough to On The List whenever you are making a new transaction.
• Purchases made via the On The List mobile site or app are not eligible for cashback.

Up to $12 off at FairPrice Online!

$10 off min $135 spend

• Valid till 22 December 2021
• Pay with YouTrip and apply code 'MCXMAS21' during checkout
• Enjoy $10 off min $135 spend
• First 2,500 redemptions only

$12 off min $150 spend

• Enjoy $12 off min $150 spend
• Redemption of promo code is applicable only for purchases made on FairPrice online at www.fairprice.com.sg and FairPrice Mobile App upon login, and for home delivery only.  
• Only one promo code can be used for each transaction. FairPrice reserves the right to reject any order that has violated this.
• Promo code is to be used for one-time redemption only.
• Promo code cannot be used for the purchase of certain restricted products, for example, certain infant milk formulas. Please visit FairPrice online for more details.
• Qualifying spend refers to a nett spend of at least S$135.00 (excluding delivery fee, service fee, and any other surcharge) in a single transaction at NTUC FairPrice online during the promotional period.
• Using a promo code in conjunction with other free gift promotions, may alter the minimum amount for delivery.
• Additional charges, service fees and minimum nett purchase amount for free home delivery may be required and may differ for promotional periods and will be in accordance to that stated on FairPrice online.
• It is advisable to have at least S$5 nett purchase amount in cart after application of promo code in order to be able to checkout.
• Promo codes are not exchangeable or refundable for cash or other goods and services.
• FairPrice reserves the rights to vary/amend the privileges or terms and conditions of this promotion without prior notice. 
• Other terms and conditions on FairPrice online (https://help.fairprice.com.sg/hc/en us/categories/360001184571-FairPrice-Online) apply.
• Mastercard does not assume any responsibility for the products and services offered under this promotion. The products are sold and services are provided solely by the relevant vendors, under such terms and conditions as determined by such vendors, and Mastercard accepts no liability whatsoever in connection with such products and services. The products and services have not been certified by Mastercard and under no circumstances shall the inclusion of any product or service in this promotion be construed as an endorsement or recommendation of such product or service by Mastercard

2% cashback at Razer!

2% cashback

• Only purchases made through the Razer affiliate link provided by YouTrip will be eligible for cashback.
• Return to YouTrip Perks and clickthrough to Razer whenever you are making a new transaction.
• Cashback rate for Razer varies for each item and the exact cashback rates would only be known when the item is successfully tracked.

20% off at Zoey!

20% off supplements

• Pay with YouTrip and apply code 'ZOEYYT' during checkout
• Enjoy 20% off supplements upon checkout

20% off at noah!

• Pay with YouTrip and apply code 'NOAHYT' during checkout

$19 cashback at Starhub!

$19 cashback (For new broadband signups)

• Only purchases made through the Starhub affiliate link provided by YouTrip will be eligible for cashback.
• Return to YouTrip Perks and clickthrough to Starhub whenever you are making a new transaction.
• Only new broadband sign-ups are eligible for cashback

$10 off at Beauty Emporium!

$10 off (No min spend)

• Valid till 30 November 2021
• Pay with YouTrip and apply code 'YOUBF10' during checkout
• Enjoy $10 off upon checkout
• Limited to one time use per transaction.
• Discount will be given to total bill spend. Discounted products and services are eligible for this redemption.
• Discount cannot be used in Strip Merchandise and Clean Beauty Brands.
• Shipping fees apply if the minimum spend for free shipping is not met.
• Cannot be used in-conjunction with any other voucher, codes or redemption of Beauty Rewards points.
• Promotion ends on 30 Nov 2021 2359 hrs.

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The Finest Debit Cards in Singapore

Welcome to the dynamic world of financial convenience in Singapore, where the power of transactions rests at your fingertips with Debit Cards. In this bustling city-state, Debit Cards have emerged as indispensable tools, offering seamless and secure ways to manage your finances. Join us on a journey through the realm of Debit Cards in Singapore, where financial flexibility meets technological innovation, and cashless transactions become a way of life.

As we delve into the myriad options available, tailored to suit diverse financial needs, you’ll uncover the key to unlocking a world of convenience. Whether you’re a seasoned financial strategist or someone navigating the landscape of personal finance for the first time, our guide aims to unravel the features and benefits that make Debit Cards an essential component of the Singaporean financial ecosystem.

From swift and secure payments to the elimination of the need for physical currency, Debit Cards redefine the way we engage with our money. Get ready to explore the possibilities, as we demystify the world of Debit Cards, providing insights into how they seamlessly integrate into the daily lives of individuals in Singapore. It’s time to embrace the era of financial ease, where your Debit Card becomes not just a piece of plastic but a gateway to a more efficient and connected financial experience.

Best Debit Cards in Singapore

Hsbc everyday global debit card.

A multi-currency debit card that may be used for international travel without having to pay conversion fees is the HSBC Everyday Global Debit Card. Therefore, if you travel frequently, this card is ideal for you.

Traveling is now even more pleasurable and stress-free thanks to the ability to withdraw cash from any ATM in the globe with the HSBC Everyday Global Debit Card. We think it’s one of the finest debit cards in Singapore since it frequently offers perks and rebates. It is in fact the best debit card to have if you want to maximize your trip experiences without going overboard with your expenditures.

Highlights:

• Bonuses and rebates
• Multi-currency
• No withdrawal fees overseas

OCBC Yes! Debit Card

OCBC’s Yes! Debit Card is a great option if you’re looking for a debit card that works well for food and transit purchases. You and a debit card would make a fantastic pair. With Grab, Comfort, CityCab, McDonald’s, Subway, Burger King, and many more, you may earn rewards on every purchase.

The card security that comes with it is one of the factors that we think makes it one of the finest debit cards in Singapore. For the security of your account, you can establish a daily transaction limit. Such a tool aids in regulating your spending by serving as a constant reminder not to exceed your daily spending cap.

• Card security
• Rebates for transport and food

DBS Debit Card

DBS’s Visa Debit Card is the only debit card you need if you want to receive cashback on specific purchases. Additionally, it offers Tap and SimplyGo functionalities that may be used in Singapore to pay for trains and buses.

Additionally, unlike other debit cards, there is no foreign currency cost when used for international transactions. This debit card is among the finest ones in Singapore for students because it can be obtained by teenagers as early as 16 years old so long as they have a reliable savings account.

• Up to 4% Cashback on what you want, every time
• No foreign exchange fee
• 5% cashback when you dine out

Standard Chartered Business Credit Card

There is no denying that the Standard Chartered Business Debit Card is one of the top debit cards in Singapore for accommodating and flexible purchases. Customers often like that there is no cap on the number of refunds they may get.

It may also be used in convenience stores, petrol stations, and even fast food chains because there is no necessary minimum expenditure for each transaction. It also offers frequent eating, leisure, and travel promotions and benefits, which is another thing we appreciate about it.

• No annual fee
• Easy application

UOB One Debit Card

The UOB One Debit Mastercard has a number of appealing features, including 10% rebates, global acceptance, improved card security, and many more. If you solely intend to use your debit card for dining and shopping, this is the one to get. Additionally, because it is contactless, you may pay for bus and rail fares with it.

If you often buy online, the UOB One Debit Mastercard offers an e-commerce protection feature that makes sure all of your purchases are secure and legitimate. The UOB One Debit Mastercard has made it simpler to withdraw cash from ATMs. For simpler, quicker transactions, all you have to do is tap your phone and enter your ATM pin.

• Contactless card
• Easier withdrawal
• E-commerce protection

As we conclude our exploration into the realm of Debit Cards in Singapore, the narrative of financial empowerment and seamless transactions echoes. In this bustling city-state, Debit Cards have evolved into more than just plastic in our wallets; they are gateways to a future where convenience meets fiscal control.

Our journey through the landscape of Debit Cards has unveiled a myriad of options designed to cater to diverse financial needs. From the hustle of daily transactions to the strategic management of personal finances, these cards offer a key to unlock the doors of financial flexibility and convenience.

The significance of Debit Cards in Singapore extends beyond the physical act of payment – they signify a shift toward a cashless society, where technology meets financial prudence. With swift, secure, and contactless transactions becoming the norm, Debit Cards have become integral to the everyday lives of individuals, bringing efficiency and ease to the forefront of financial interactions.

As we bid farewell to this exploration, may your financial journey in Singapore be marked by the simplicity and empowerment that Debit Cards provide. Whether you are a seasoned user or a newcomer to the realm of cashless transactions, let your Debit Card be your trusted companion on the road to financial control and convenience. Embrace the future of finance, where every swipe or tap is a step towards a more connected and efficient financial experience. Safe and secure transactions await in the world of Debit Cards in Singapore.

Do check out our list of Credit Cards and have time to check their services.

Frequently Asked Questions

Does Singapore have a Debit Card?

What debit card is used in singapore, how do debit cards work in singapore, what is a debit card, and how does it differ from a credit card, how do i apply for a debit card in singapore, can i use my debit card for online purchases in singapore and internationally, are there fees associated with using a debit card in singapore, what security measures are in place for debit cards in singapore.

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With the widespread use of debit cards, financial transactions have become more efficient and smooth in Singapore's hectic metropolitan environment. These electronic payment methods have completely changed how Singaporeans manage their finances and make purchases since they provide a wide range of advantages. Debit cards are an essential component of Singapore's contemporary financial environment due to their simplicity, security features, and general adoption.

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• Credit Cards

The Best Multi-Currency Cards for Overseas Travel Spending

Whether it’s for business or leisure, one thing remains constant: the need for convenient and cost-effective ways to manage your money abroad. Multi-currency cards have emerged as a popular solution, offering flexibility and savings compared to traditional methods like cash or single-currency cards.

by Sihan Chia on Jun 19, 2024

Travelling abroad can be an exciting adventure, but the excitement should not turn into unexpected stress when you’re struggling with foreign currency conversion rates . Especially when you’re trying hard to relax. Or if you’ve spotted souvenirs and are thinking if they’re worth the price tags or deserve some haggling with the stall owner. 

In addition to travel credit cards , multi-currency cards have revolutionised the way we spend money overseas. If you’re based in Singapore and planning an international trip, a multi-currency card can be your best companion. In this article, we’ll explore the best multi-currency cards in Singapore tailored to different types of travellers.

Related: Best Air Miles Credit Cards in Singapore

Compare best credit cards in singapore find out more, 1. for the budget-conscious traveller: revolut.

• No monthly fees
• Competitive exchange rates
• Real-time currency exchange

Why It Suits Budget-Conscious Travellers

Revolut is perfect for travellers looking to save on fees and get the best exchange rates. 

With no monthly fees and real-time currency exchange, you can keep track of your spending and stay within your budget. And if you need cash, you can always use the “Find ATMs Nearby” feature on the app to locate the nearest ATM to make a withdrawal. 

Revolut is known for offering competitive rates, ensuring you get more value for your money.

Related: Revolut Review: Is It the Best Digital Multi-Currency Account?

2. for the family vacationer: youtrip.

• No currency conversion fees
• Exclusive travel promotions
• Linked to Mastercard

Why It Suits Family Vacationers

Family vacations are all about creating lasting memories, not worrying about financial logistics. The YouTrip card is tailor-made for family travellers, offering competitive exchange rates and no transaction fees across multiple currencies. 

With exclusive travel promotions and a Mastercard link, you can enjoy VIP experiences and perks while travelling. You can indulge in shopping and dining without worrying about currency conversion fees. 

What sets YouTrip apart is its multi-user functionality, allowing family members to share a single account and manage expenses collaboratively. With parental controls and real-time spending notifications, you can rest easy knowing your family’s finances are in good hands. 

Related: YouTrip MasterCard Debit Card Review: No Fees on FX Transactions

3. for the digital nomad: wise.

• Business account options
• Multi-currency wallet
• Transparent fees

Why It Suits Digital Nomads

Digital nomads require financial tools that are as flexible as their lifestyle, and the TransferWise Borderless Account delivers just that. With its borderless functionality, you can hold and convert multiple currencies with ease, making it ideal for remote workers earning in different currencies.

Plus, TransferWise’s transparent fee structure ensures you’re always getting the best deal, whether you’re paying for co-working space in Bali or accommodation in Berlin.

Related: A Guide to Redeeming Miles From Credit Card Rewards in Singapore

4. for the frequent flyer: dbs multi-currency account.

• Wide range of currencies
• Convenient mobile app
• ATM withdrawals overseas

Why It Suits Frequent Flyers

Frequent flyers need a card that keeps up with their jet-setting lifestyle, and the DBS Multi-Currency Account fits the bill perfectly. Offering competitive exchange rates and the convenience of linking directly to your existing DBS account, this card simplifies currency management for those constantly on the go. Plus, with no administrative fees for currency conversion, you can focus on racking up those air miles without breaking the bank.

Related: Which Travel Credit Card Gives You the Most Travel Perks?

5. for the business traveller: hsbc premier mastercard.

• Global ATM withdrawals
• Multi-currency debit card
• Travel insurance coverage

Why It Suits Business Travellers

Business travellers require efficiency and reliability when it comes to managing expenses abroad, and the HSBC Premier Mastercard delivers on both fronts. With its multi-currency capabilities and dedicated travel concierge service, this card streamlines the expense management process, allowing you to focus on sealing deals and networking. Plus, with worldwide acceptance and comprehensive travel insurance coverage, you can travel with confidence knowing you’re protected every step of the way.

Related: Top 5 Tips for Using Credit Cards Overseas

Choosing the right multi-currency card.

When choosing the right multi-currency card for your overseas travel spend, it’s essential to consider your specific needs and travel habits . Whether you’re a budget-conscious traveller looking to save on fees or a luxury traveller seeking exclusive perks, there’s a multi-currency card in Singapore that’s perfect for you.

Before making a decision, compare the features, fees, and benefits of each card to find the one that best suits your lifestyle and travel goals. Additionally, consider factors such as customer service, mobile app usability, and security features to ensure a seamless and secure travel experience.

Related: Cash Or Credit Cards: Which Is Better To Use When Travelling?

Multi-currency cards have transformed the way Singaporeans manage their overseas travel spend, offering convenience, flexibility, and cost-saving benefits. Whether you’re a budget-conscious traveller , luxury traveller, business traveller, adventure seeker , or frequent traveller , there’s a multi-currency card in Singapore tailored to your needs.

By choosing the right multi-currency card and taking advantage of its features and benefits, you can make the most of your international adventures without the hassle of managing foreign currencies. So, before you embark on your next overseas trip, be sure to equip yourself with the best multi-currency card that Singapore has to offer!

To maximise your rewards when travelling, check out our roundup of the best credit cards in the market!

• DBS Visa Debit Card: Is It the Right Debit Card for You?
• UOB KrisFlyer Debit Card: Earn Miles From All of Your Spend
• UOB PRVI Miles vs. Citi PremierMiles Credit Card Comparison 2024
• DBS Altitude Visa Credit Card: No Annual Fee Miles Card
• Citi Rewards Credit Card: Best Miles Card for Online & Shopping

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Best Prepaid Travel Cards in Singapore - 2024

This is the most comprehensive comparison of the prepaid travel cards available to Singapore travellers. We’ve picked the best all-round prepaid travel card, Wise, plus three other highly recommended cards to look at in detail.

Wise - our pick for prepaid card in Singapore

Hold and exchange 50+ currencies with the mid-market exchange rate and no hidden fees

Autoconvert feature means you’ll always get the cheapest available currency exchange when you spend with the Wise card

Send payments to 70+ countries and get paid fee free from 30+ countries with a Wise account

Open a Wise account online or in the Wise app and order a Wise card for spending and withdrawals in 170+ countries around the world. You’ll be able to hold and exchange over 50 currencies in the Wise app, with no fee to spend any currency you hold - and all currency exchange uses the mid-market exchange rate with no markup and no hidden fees .

There’s a one time fee of 9 SGD to get your Wise card , with no ongoing charge after that. Some transaction charges apply, depending on the services you use.

Click here to read more about Wise.

Revolut - mid-market exchange rate

Hold 30+ currencies , and exchange with the mid-market rate up to your plan limits

Fee free ATM withdrawals which vary based on the plan you pick

Earn cashback on spending across currencies with higher tier accounts

Click here to read more about Revolut.

Revolut offers prepaid travel cards and multi-currency accounts you can manage in-app, with a free standard plan and 2 higher tier plans which offer more features and fee free transactions. Use your Revolut account to hold 30+ currencies,  exchange between them fee free up to plan limits, and spend on your linked prepaid card around the world.

Some out of hours and fair usage fees may apply to your account - and you’ll need to pay a monthly fee to unlock the full range of account features and benefits.

YouTrip - no fee payments in 150+ currencies 

Free to order a card, with no annual fee to pay

Supports 10 currencies for holding and exchange

Intuitive app to manage your money on the move

YouTrip is a familiar name with cards available in Singapore and in a few other countries in the region. You can order a YouTrip card by downloading the YouTrip app and registering an account, with no annual fee and no maintenance costs. Fees apply to top up with a Visa credit card, but there are fee free top up options available. There’s a 5 SGD (or currency equivalent) ATM withdrawal fee if you need cash.

BigPay - budgeting tools available

No foreign transaction fee (holding in SGD only)

Budgeting tools available

No fee to get a card, subject to minimum initial top up

BigPay cards are available for free, with an opening top up of 20 SGD which you can then spend as you wish. There’s no foreign transaction fee to pay, so even though you can only hold SGD in your account, spending overseas comes with relatively low overall costs. You can make one overseas ATM withdrawal a month for free, with a 2% fee after that.

Is it worth getting a prepaid travel card?

Yes, getting a prepaid card is usually easy, and can be free. A travel card helps you budget as you’ll only be able to spend the balance you load on the card - and could save you money on currency exchange too.

Are prepaid travel cards safe?

Prepaid travel cards are usually considered safe to use as long as you take normal security precautions like keeping your account details and card PIN secret.

If your prepaid travel card is stolen you’ll usually be able to freeze or cancel it in an app - and it’s not linked to your main bank account, which can also offer peace of mind.

Some providers like Wise and Revolut also offer virtual cards which can add an extra layer of security when spending with new merchants.

Is my money protected?

Most prepaid travel money cards are issued by financial technology companies. These services aren’t banks - but they are usually regulated in a very similar way to banks for the services they offer.

While different card providers may have slightly different regulatory requirements, you’ll usually find your money is protected through safeguarding. This means the card issuer must hold customer funds separate to their own operating capital, so it can always be easily accessed and won’t be mixed with the funds needed to run the business.

If you’re looking for a travel card with a provider which has a large user base, and a global presence, check out Wise or Revolut. Both companies are used by over 15 million customers already, and as global businesses they are overseen by several regulatory bodies - so your money is protected no matter what currency you hold.

What are the advantages of prepaid travel cards?

Prepaid cards are safer and more convenient than carrying cash - with the added benefit that they’re not connected to your main bank account. This can make it easier to budget as you’ll only ever be able to spend the funds you’ve loaded to your card - and also means that even if your card was stolen, the thieves can’t access funds in your primary bank account.

Because prepaid travel cards have been built specifically for travel, you may also find you can save money and get access to a flexible range of international and multi-currency services.

Open a Wise account , for example, to spend with your linked card , and access currency exchange which has no markup added, low cost international transfers , and easy ways to get paid for free in a selection of currencies.

What are the disadvantages?

The most common disadvantage of prepaid cards is the fees.

The fees of travel cards can vary greatly - which means you’ll need to compare a few to make sure you get one that suits you.

Some cards have monthly fees. To access full features from Revolut, for example, you’ll need to pay a monthly charge of up to 19.99 SGD/month.

Other cards charge a top up fee which can vary based on how you want to pay, and the currency you’re adding to your account.

Finally, if you’re interested in a secured credit card as an alternative to a prepaid travel card, you’ll need to watch out for interest charges and late payment fees, which can push up your costs significantly.

How to get a prepaid card

The process to sign up for a prepaid travel card varies by provider. In most cases you’ll have to sign up with SingPass - or manually by showing or uploading proof of your identity - and then load an initial amount onto the card. You’ll then be given your card if you’re applying in person, or sent it in the post if you’re applying online.

It’s also helpful to know that it’s usually more straightforward to sign up for a prepaid card than a credit card as there are no credit checks to complete.

Loading money on to the card

You can usually load money onto your travel card online, using a bank card or bank transfer. Some cards also offer the option to top up in cash - but there are usually higher fees for this service.

What are the fees?

The fees you’ll pay with a prepaid travel card can vary pretty widely. Read through the terms and conditions of any card you’re interested in before you sign up - and look out for charges like:

Monthly maintenance fees

Top up fees

Cross currency / money exchange fees

ATM withdrawal fees

Inactivity fees

Replacement card fees

Cash out or account close fees

There’s probably not a single best card when it comes to fees. The right one for you will depend on how you expect to spend, the features that really matter to you, and the currencies you’ll want to hold or access.

Check out the Wise card, or a standard Revolut account and card if you’re interested in card options with no ongoing fees and options for multi-currency holding and currency exchange with no foreign transaction fee.

Can I use a prepaid travel card to withdraw cash?

You can usually use your prepaid travel card to withdraw cash at an ATM, although some cards won’t let you make withdrawals in Singapore as they’re optimised for international use. The fees you pay - and the withdrawal limits which apply can vary by card.

Some cards - like the Wise card or a standard Revolut card - offer some fee free withdrawals every month, but then apply fees once this amount is exceeded. Other cards don’t have their own ATM withdrawal fees - but the operators of specific ATMs may still add their own fees to your withdrawal.

Frequently Asked Questions

There’s no single best prepaid travel card. It’ll depend on the currencies you need to use, and the types of transactions you want to make.

For example, if you’re looking for a card with the Google exchange rate with no markup you might want to take a look at Wise. If getting a card in your hands instantly is important to you, you may prefer to pick an option from a Singapore bank like DBS or HSBC.

Prepaid travel cards are more secure and convenient than carrying lots of foreign currency cash. And if you pick the right provider for your needs you could also find you get a better exchange rate and lower overall costs for your international spending.

There are pros and cons of each - so it really depends on what transactions you need. Often a prepaid card is perfect as a balance of convenience and cost. But travel focused credit cards may come with handy rewards schemes for spending overseas, while debit cards are also good all round options if you plan to use the card at home.

Some - but not all - travel cards can be used with mobile wallets like Apple Pay and Google Pay for easy spending on the move. Compare a few to find one which is best for you.

Most travel cards offer contactless functionality. Double check the one you pick has this facility before you sign up.

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The 3 Best Travel Cards For Aussies to Use in Singapore

Wise is our pick for travel debit card for singapore.

With this card:

• Convert Aussie dollars into Singapore dollars at the mid-market exchange rate
• It's very easy to set up and order
• You can receive foreign currency into a multi-currency account linked to the card
• You can transfer money to a bank account overseas

It's not all good news though

• There is a 2% ATM withdrawal fee when you withdraw over $350 during a month
• It takes 7-14 days for delivery

Click here to see the full list of cards and how Wise compares

Read the full review

What are different types of travel cards?

From prepaid, to debit to credit cards; it can be handy to know the best cards to use in Singapore.

It can be a good option if you want to avoid using cash, and the best one for you will depend on what you want to get from the card.

This article will outline the different types of cards you can use while travelling Singapore, and the best of each category.

They can be either prepaid, debit or credit cards designed specially for overseas use. You can use travel cards to make purchases online, in stores and to withdraw money at ATMs. There are 3 popular types:

Prepaid Travel Cards

Travel debit cards, travel credit cards.

Let's have a look at each one.

Debit Cards offer the convenience of a credit card, but work differently. They draw money directly from your bank account when you make a purchase. It's designed for everyday money transactions and means that you're not accumulating debt.

A debit card could make you stick to your travel budget, because you can't overdraw money from your account. And for daily purchases, we think a debit card can help you stick to your travel budget, because you can't overdraw money from your account.

Generally, we recommend having the combination of a travel debit and travel credit card for safety, flexibility and convenience on your trip.

Wise - travel debit card for Singapore

• No annual fee, hidden transaction fees, exchange rate markups
• No minimum balance requirements
• Allows you to make payments and withdrawals wherever you are in the world in over 40 currencies
• Local bank account details in Australia (AUD), the UK (GBP), the USA (USD), Europe (EUR) and New Zealand (NZD)
• Available in the US, UK, Europe, Australia, Singapore, Japan and New Zealand
• It takes 7-14 business days to receive the card
• Can't always access local technical support depending on where you are
• Free cash withdrawals limited to under $350 every 30 days

For prepaid cards, you're able to load the card with a set amount of money in the currencies you need. Ideally you do this before your trip, but often you can reload them as well.

Most prepaid travel cards allow for multiple currencies to be loaded onto the card. So it's important to know what currency you'll be using on your travels. Airlines also offer prepaid cards so the money you spend can earn you reward points.

With prepaid travel cards you need to be careful. They can have numerous fees and charges, which can make it more expensive than other options. But if you're organised and travelling to multiple cities a prepaid travel card is a good option.

Revolut - prepaid travel card

• No purchase fee, load fee, reload fee, exchange rate margin or minimum balance requirements
• Unlike other Travel Cards, its free and easy to use the balance of your currency or convert it back to AUD
• Mid-market exchange rate, they add a mark-up for currency conversion during weekends
• For the free Standard account, there is a 2% ATM withdrawal fee when you withdraw over $350 during a month
• The premium account costs $10.99 a month, which can really add up if you are not using it often

Click here to see the full list of cards and how Revolut compares

• Very easy to use app
• Free to set up
• No hidden fees or exchange rate mark-ups (except on weekends)
• You can use it to transfer money to a bank account overseas
• Additional fees for using the card on a weekend
• 2% ATM fee once you withdraw more than $350 in any 30 day period
• 3-4 business days before you receive your card
• Ongoing subscription fee for Premium and Metal cards

Credit cards have obviously been around for a long time. But now there are specialised travel credit cards. Generally, these cards give you longer to pay back what you've spent but the interest rates after this time can be quite high.

The main advantage with credit cards are the reward points you get in return for your customer loyalty when you spend. But it only works if you pay off the balance in full each month.

Credit cards are great to use for car hire, restaurants and accommodation - larger expenses that are easier for you to pay back over time. Some services only take credit cards to hold purchases so they can definitely be handy while you're travelling.

28 Degrees - travel credit card

• There are no annual fees
• No overseas purchase fee or currency conversion fee
• You get 55 days interest free on purchases
• Access to free 24/7 concierge service
• Emergency card replacement worldwide

The 28 Degrees Platinum Mastercard has additional benefits including shoppers and repayments benefits cover.

• Can have 9 additional cardholders
• No overseas purchase fee, or currency conversion fee
• No foreign transaction fee
• Free Replacement Card
• High interest rates after the initial 55 days
• Minimum credit limit is $6,000
• No introductory offers or rewards

Need to know more about travelling to Singapore?

Passports, Visas and Vaccinations

How Much Things Cost in Singapore

Currency in Singapore

Banks, ATMs & Currency Exchange

The Best Cards to Use in Singapore

7 Common Travel Money Traps to Avoid in Singapore

Best Credit Cards For Travel & Overseas Spending 2024

Before you go on your vacations or business trips, there are some things you’ll probably have in mind to bring along, and your go-to travel credit cards are definitely one of the best things that you’ll need.

If you’re just starting to look around for better travel credit cards, you may find MoneySmart's credit card page helpful for you to compare different credit cards in terms of free flights, hotel stays, dining rewards, cashback, lowest fees, frequent flyer programme benefits, and more. This guide includes the best travel credit cards you can get in Singapore, plus some useful tips on how to maximise them so you can pick a suitable card for your travel needs.

Best Credit Cards For Overseas Spending

How To Maximise Your Travel Credit Cards

Tip #1: get cards that offer travel perks fast.

Depending on your spending habits, if you’re one who prefers air miles or rewards points for you to convert to air miles or other travel-related discount vouchers, picking an air miles card that offers you a generous amount of air miles for signing up is the fastest way to get the best benefits out of your card.

Travel credit cards which offer higher bonus air miles include Citi PremierMiles, DBS Altitude Card, and Amex KrisFlyer Ascend which gives you up to 45,000 miles, 38,000 miles and 21,000 miles respectively, each with a different minimum spend requirement.

Tip #2: Use a combination of credit cards for different travel benefits

Different cards offer different advantages, i.e. some will offer you bonus air miles upon your annual fee payment like Standard Chartered Visa Infinite X Card (30,000 miles upon annual fee payment), while others offer attractive cashback that is great for cruise vacations and family spending overseas or reward points to redeem shopping vouchers.

In order to maximise your credit card rewards, cashback or air miles, tap on multiple credit cards with each card specialising in a particular spending type or card feature that best suits your travel needs.

Tip #3: Picking cards with flexible rewards

Flexible rewards points programs give you a wider range of options such as redeeming points for a variety of gift cards, cash back and even airfares, hotels, cruises and car rentals.

Depending on the type of rewards points program and credit card you get, this can be a reasonable option to get more rewards from your credit cards. Usually these flexible rewards points programs are more beneficial for those who fly often for business trips and value the international business class cabins on flights or stay in budget and/or luxury hotel suites overseas.

3 Need-To-Knows About Cards For Overseas Spending:

Using your air miles credit card or cashback credit card or rewards points credit card to convert your points to air miles also means that you’ll have to pay for certain fees in exchange for all these benefits. Here are a few things to consider as you leverage on the rewards from your travel credit card for overseas spending .

• Choose flexible rewards whenever possible

Flexible rewards points like those offered by Standard Chartered Rewards+ Credit Card, OCBC 90°N Card and UOB PRVI Miles American Express Card are transferable to a variety of different airline and hotel loyalty programs while others which are more brand-specific like American Express Singapore Airlines KrisFlyer Ascend Credit Card and KrisFlyer UOB Credit Card only gives you the option to redeem them for a specific airline, which is Singapore Airlines in this case.

• Waiver of annual fees or foreign transaction fees or other conversion fees

It’s good to know which cards offer what types of fee waivers so that it’s more worthwhile to use it to gain cashback and other perks. Cards like UOB PRVI VISA Miles Card and DBS Altitude Visa Signature Card offer 1 year of fee waiver, while cards like Maybank World Mastercard will have your conversion fee waived for each conversion of points to frequent flyer miles. Others like American Express Singapore Airlines KrisFlyer Ascend Credit Card do not offer any annual fee waivers.

• Split spending over multiple cards

By using platforms like CardUp to split your overseas spending, it can actually help you to maximise your benefits so that you can gain reward points, cash rebates and air miles at the same time while using all of your cards.

Standard Chartered Rewards+ Card

CIMB VISA Signature Card

HSBC Visa Infinite Credit Card

Standard Chartered Journey Card

If you’re looking for a generous welcome bonus air miles, Standard Chartered’s Journey Card offers 45,000 miles upon sign-up as a new primary cardholder and meet the required minimum spending. To qualify for the 45,000 air miles, you’ll have to spend $5,000 within 30 days of card approval, transact $5,000 worth of spending on overseas transactions, and pay the annual fee.

This card lets you earn 3 miles for every S$1 spent on various categories including transportation, food delivery and online grocery merchants. Moreover, you can enjoy 2 complimentary visits to Priority Pass lounges around the world each year, complimentary travel insurance coverage of up to S$500,000, and more.

HSBC TravelOne Card

The welcome bonus of 20,000 air miles may not seem as attractive as what Standard Chartered Journey Card offers, but the HSBC TravelOne Card’s minimum spending requirement is definitely lesser than that of the SCB Journey Card, and you’re entitled to more lounge benefits including 4 complimentary airport lounge visits per year.

Besides that, the HSBC TravelOne Card’ offers you up to 2.4 miles (6X Reward points) for every $1 spent overseas, upon payment of an annual fee and a minimum spend of S$800. Annual fee waiver benefits are available with a minimum total annual spending of $25,000.

Purchase your travel insurance here

Get up to 40% off your travel insurance with our exclusive Moneysmart promotions!

3 Need-To-Knows About Cards For Air Miles:

With so many types of credit cards out there offering air miles, you may wonder which card suits you the most. To get started, you’ll need to know a few things about air miles credit cards before getting one.

• Avoid air miles cards with high fees

Paying off the balance of your account every month can get rather expensive for some air miles credit cards, because the high interest charges will cost more than the value of any miles you could earn.

• Go for cards with lower foreign transaction fees

For those who plan to pay in SGD instead of overseas currencies, it’ll be better to use credit cards offered by banks like CIMB and Standard Chartered that charge some of the lowest foreign transaction fees in Singapore.

• Compare miles earn rates & bonus air miles

Highest mile per dollar spend ratio, most bonus air miles and air miles with no expiry are some of the factors to look out for when choosing your air miles cards. Some cards offer higher miles per dollar spend ratio so you don’t have to spend as much to get more air miles, while some banks offer generous welcome bonus air miles upon signing up for certain air miles credit cards which gives you a lot of air miles in a short amount of time without having you to spend a minimum amount over time to get more air miles. Other cards offer earned miles that don’t expire, which comes in handy in uncertain situations like the COVID-19 pandemic that made travel plans a challenge at times.

Best Air Miles Credit Cards

DBS Altitude Visa Signature Card

UOB KrisFlyer Card

UOB PRVI Miles Card

American Express Singapore Airlines KrisFlyer Credit Card

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Best Credit Cards For Hotel Stays

UOB PRVI Miles American Express Card

DBS Woman's World Card

DBS Altitude American Express Card

Exclusive: most popular credit cards in singapore.

MoneySmart has helped over 3 million users find the best credit cards in the market. Curious to know what people searched for? Find out in this members-only report and get insights on which card you can apply for next! Plus, try out our personality quiz to find which card matches your taste!

Related Links

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The 3 best financial services stocks to buy in june 2024.

It has never been easier to spend money. These days, consumers can wave their phone at the card reader and get pleasant haptic feedback while money simply disappears from their accounts. Through technologies like these, financial service companies have made business facilitation easier than ever before. This trend has also led to some of the best financial services stocks to buy for steady growth as payments and money transfers modernize around the world.

To determine the best financial services stocks, investors should keep an eye on key metrics like the price-to-earnings ratio and their proportions of assets to liabilities. Keeping an eye on which technologies they offer and the rate of their adoption can also clue investors in on which stocks to buy in the sector. Moreover, the relative stability of financial services stocks can provide long-term returns due to the overall high profitability of the sector itself. Here are three such stocks that exhibit genuine growth potential and stability for the future.

Mastercard (MA)

Source: David Cardinez / Shutterstock.com

Currently commanding a Strong Buy rating from analysts, Mastercard (NYSE: MA ) is one of the best financial services stocks to hold for the long term. The company has successfully navigated the last two stock market crashes and shown healthy growth year-over-year. Furthermore, the company’s revenue and expenses are always kept in line and stable, with a steady profit margin hovering around 46% for Q1 2024.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

While Mastercard may not be exceptionally innovative as far as financial services companies go, its astute business management and structure have kept its products, like credit and debit cards, relevant over the last 20 years or so.

Its analyst aggregate 12-month price target has hovered around $525.25 for the last three months. That represents roughly an 18% increase from the current price of around $443. Bearing these metrics and trends in mind, MA stock will likely continue to deliver steady returns for investors, regardless of broader market conditions.

Source: Kikinunchi / Shutterstock.com

As the dollar’s purchasing power weakens and wages stagnate, consumers rely on the products of companies like Visa (NYSE: V ) daily. Yet another one of the best financial services stocks to buy thanks to its Strong Buy rating, Visa’s hyper-specialization in credit cards has been its cash cow over the years.

And it keeps paying too. It consistently maintains a profit margin above 50%, signaling healthy income management while growing as the world’s largest credit card provider. Moreover, credit cards have unfortunately become a central part of the average American’s financial strategy. These days, everything goes on credit cards for most people, meaning Visa and its brand partners ultimately rake in a portion of the interest collected on unpaid balances.

Thanks to this business model, Visa will likely keep up its steady growth and could even raise its dividend depending on consumer spending trends.

Source: Sergei Elagin / Shutterstock

One of the most innovative financial services companies on the market, Block (NYSE: SQ ) has several catalysts in its future. Between its Square payment kiosks, Afterpay layaway service and Cash App, the company has several platforms to grow revenue as more and more people adopt electronic payment types instead of cold hard cash.

Starting with its service, Square, the company has strategically worked with its customers to raise capital through the tipping culture. Because people are very psychologically prone to suggestions for tips, the kiosks automatically suggest percentages — usually between 15% and 25%. While one would normally tip what they think is appropriate, now they’re faced with choosing a percentage. That results in higher tips, of which Block takes a percentage.

Then services like Afterpay bolster Block’s revenues by enticing consumers to buy something on installment payments they wouldn’t normally be able to afford. These psychological plays will likely keep the company relevant for the years to come, so long as it doesn’t earn a negative reputation for these services.

On the date of publication, Viktor Zarev did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Viktor Zarev is a scientist, researcher, and writer specializing in explaining the complex world of technology stocks through dedication to accuracy and understanding.

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