Best Credit Cards for Overseas Spending 2019

Updated November 2019

Save up to 10% or earn 5 Miles for every dollar spent on your overseas traveling expenses. Compare and apply for the best credit cards for overseas spending with low foreign currency transaction fee and minimum spend requirements.

Popular Overseas Spending Credit Cards

CIMB Platinum Mastercard

10%

Cash Back on hotels and flights in Foreign Currency

S$800

Min. spend per month

2%

Foreign Transaction Fee

Online Promotion: Get a free return flight ticket!Valid till 31 Dec 2019.

10%

Cash Back on hotels and flights in Foreign Currency

S$800

Min. spend per month

2%

Foreign Transaction Fee

Online Promotion: Get a free return flight ticket!Valid till 31 Dec 2019.

Overseas Spending Features

Annual Interest Rate and Fees

Annual Interest Rate25.90%
Principle Annual Fee$0
Supplementary Annual FeeFree
Fee WaiverAvailable
Minimum Monthly Repayment3% or S$50, whichever is higher
Interest Free Period23 days

Minimum Income Requirements

Singaporean$30,000
Foreigner$60,000

Other

Card AssociationMastercard
Wireless PaymentMastercard PayPass
CIMB Visa Signature

Up to 10%

Cash Back on Cruises

S$800

Min. spend per month

2%

Foreign Transaction Fee

Online Promotion: Get a free return flight ticket!Valid till 31 Dec 2019.

Up to 10%

Cash Back on Cruises

S$800

Min. spend per month

2%

Foreign Transaction Fee

Online Promotion: Get a free return flight ticket!Valid till 31 Dec 2019.

Overseas Spending Features

  • Up to 10% cash back on cruises
  • Visa Signature Concierge - Premium service that gives you access to world class service and privileges. From travel reservations, booking tickets of a show to dinner reservations
  • Complimentary travel insurance - Get covered up to S$500,000 for you and your family

Annual Interest Rate and Fees

Annual Interest Rate25.90%
Principle Annual Fee$0
Supplementary Annual FeeFree
Fee WaiverAvailable
Minimum Monthly Repayment3% or S$50, whichever is higher
Interest Free Period23 days

Minimum Income Requirements

Singaporean$30,000
Foreigner$60,000

Other

Card AssociationVisa
Wireless PaymentVisa PayWave
OCBC 90°N Card

S$1 = 4 Miles

on Overseas spend

S$0

Min. spend per month

3%

Foreign Transaction Fee

Online Promotion: Get S$50 Cash Rebate! Applies to New-To-Bank customers.Valid till 30 Nov 2019.

S$1 = 4 Miles

on Overseas spend

S$0

Min. spend per month

3%

Foreign Transaction Fee

Online Promotion: Get S$50 Cash Rebate! Applies to New-To-Bank customers.Valid till 30 Nov 2019.

Overseas Spending Features

  • 4 miles for every S$1 spent overseas
  • No minimum monthly spending and no cap on the amount of miles earned per month
  • 3% foreign currency transaction fee

Annual Interest Rate and Fees

Annual Interest Rate26.88%
Principle Annual Fee$193
Supplementary Annual FeeS$96.30
Fee WaiverAvailable
Minimum Monthly Repayment3% or S$50, whichever is higher
Interest Free Period23 days

Minimum Income Requirements

Singaporean$30,000
Foreigner$45,000

Other

Card AssociationMastercard
Wireless PaymentApple Pay, Samsung Pay, Google Pay
KrisFlyer UOB Credit Card

S$1 = 3 Miles

on Singapore Airlines, SilkAir, Scoot and KrisShop

S$500

Min spend per annum on Singapore Airlines Group

3.25%

Foreign Currency Transaction Fee

S$1 = 3 Miles

on Singapore Airlines, SilkAir, Scoot and KrisShop

S$500

Min spend per annum on Singapore Airlines Group

3.25%

Foreign Currency Transaction Fee

Overseas Spending Features

  • $1 = 3 KrisFlyer Miles on Dining, Food Delivery, Online Shopping and Travel, and Transport spend with a min sum of S$500 annual spend on Singapore Airlines Group
  • $1 = 3 KrisFlyer Miles on Singapore Airlines, SilkAir, Scoot and KrisShop purchases
  • $1 = 1.2 KrisFlyer Miles on all other spend

Annual Interest Rate and Fees

Annual Interest Rate25.90%
Principle Annual Fee$193
Supplementary Annual Fee96.30
Fee WaiverAvailable
Minimum Monthly Repayment3% or S$50, whichever is higher
Interest Free Period21 days

Minimum Income Requirements

Singaporean$30,000
Foreigner$40,000

Other

Card AssociationMastercard
Wireless PaymentMastercard Contactless, UOB Mighty Pay, Apple Pay, Samsung Pay
BOC Elite Miles World Mastercard®

S$1 = 3 Miles

Overseas Spending Rewards

S$0

Min. Spend per month

3%

Foreign Transaction Fee

S$1 = 3 Miles

Overseas Spending Rewards

S$0

Min. Spend per month

3%

Foreign Transaction Fee

Overseas Spending Features

  • Earn 3 Miles for every S$1 on Oversea spending (9 BOC Points)
  • No minimum spend and no cap on earned miles
  • 2.5% foreign currency transaction fee
  • During application, please input "MS" under Promo code in your online application form

Annual Interest Rate and Fees

Annual Interest Rate28.88%
Principle Annual Fee$203
Supplementary Annual FeeS$101.65
Fee WaiverAvailable
Minimum Monthly Repayment3% or S$50, whichever is higher
Interest Free Period23 days

Minimum Income Requirements

Singaporean$30,000
Foreigner$60,000

Other

Card AssociationMasterCard
Wireless PaymentMasterCard PayPass
Revolut Premium Debit Card

S$0

Foreign Transaction Fee

Free ATM withdrawal fee

Up to S$700 per month

150+

Supported Currencies

S$0

Foreign Transaction Fee

Free ATM withdrawal fee

Up to S$700 per month

150+

Supported Currencies

Overseas Spending Features

  • Save on unlimited free foreign transaction fees. The usual foreign transaction fee on credit card is 2.5% to 3.25%
  • Save up to S$700 per month on international ATM withdrawal fees; thereafter spend 2% for subsequent withdrawals

Annual Interest Rate and Fees

Annual Interest Rate0.00%
Principle Annual Fee$99
Supplementary Annual FeeN/A
Fee WaiverN/A
Minimum Monthly RepaymentN/A
Interest Free PeriodN/A

Minimum Income Requirements

Singaporean$0
Foreigner$0

Other

Card AssociationVisa
Wireless PaymentVisa payWave
Revolut Standard Debit Card

S$0

Foreign Transaction Fee

Free ATM withdrawal fee

Up to S$350 per month

150+

Supported Currencies

S$0

Foreign Transaction Fee

Free ATM withdrawal fee

Up to S$350 per month

150+

Supported Currencies

Overseas Spending Features

  • Save up to S$9,000 per month on foreign transaction fees; thereafter spend 0.5% for subsequent transactions
  • Save up to S$350 per month on international ATM withdrawal fees; thereafter spend 2% for subsequent withdrawals

Annual Interest Rate and Fees

Annual Interest Rate0.00%
Principle Annual Fee$0
Supplementary Annual FeeN/A
Fee WaiverN/A
Minimum Monthly RepaymentN/A
Interest Free PeriodN/A

Minimum Income Requirements

Singaporean$0
Foreigner$0

Other

Card AssociationVisa
Wireless PaymentVisa payWave

Up to S$200 Cash + Cashback!

Standard Chartered Unlimited Cashback Credit Card
MoneySmart Exclusive: Get up to $200 Cash + Cashback & Instant digital card approval with MyInfo! Claim hereValid till 30 Nov 2019.
MoneySmart Exclusive: Get up to $200 Cash + Cashback & Instant digital card approval with MyInfo! Claim hereValid till 30 Nov 2019.

Overseas Spending Features

  • Important – Go to MoneySmart Claim Form to submit your (1) Contact Details and (2) Unique Reference Number (URN) for your S$120 Cash Gift
  • 1.5% cashback on eligible spend
  • No cashback cap and no minimum spend
  • Get up to 50% discount at selected dining establishments such as The Fullerton Hotel Singapore, The Fullerton Bay Hotel Singapore, Bedrock Bar & Grill, Fat Cow, Mariott Cafe, Canton Paradise and many more
  • Enjoy discount privileges at over 3,000 outlets in Asia from dining to shopping among others with The Good Life®, only with Standard Chartered Cards

Annual Interest Rate and Fees

Annual Interest Rate26.90%
Principle Annual Fee$193
Supplementary Annual Fee0.0
Fee WaiverAvailable
Minimum Monthly Repayment1% or S$50, whichever is higher
Interest Free Period

Minimum Income Requirements

Singaporean$30,000
Foreigner$60,000

Other

Card AssociationMasterCard
Wireless PaymentMasterCard PayPass, Apple Pay, Samsung Pay, Google Pay
DBS Altitude Visa Signature Card

S$1 = 2 Miles

Overseas Spending Rewards

S$0

Min. Spend per month

2.50%

Foreign Transaction Fee

Online Promotion: Get up to 38,000 Miles Valid till 31 Mar 2020.

S$1 = 2 Miles

Overseas Spending Rewards

S$0

Min. Spend per month

2.50%

Foreign Transaction Fee

Online Promotion: Get up to 38,000 Miles Valid till 31 Mar 2020.

Overseas Spending Features

  • Earn 2 Miles for every S$1spent on Overseas spend
  • Earn 3 Miles for every S$1spent on Online Flight and Hotel transactions
  • Complimentary travel insurance coverage of up to S$1 million
  • 3% fee on foreign currency transaction

Annual Interest Rate and Fees

Annual Interest Rate26.80%
Principle Annual Fee$193
Supplementary Annual FeeS$96.30
Fee WaiverAvailable
Minimum Monthly Repayment3.00% or S$50, whichever is higher
Interest Free Period20 days

Minimum Income Requirements

Singaporean$30,000
Foreigner$45,000

Other

Card AssociationVisa, American Express
Wireless PaymentVisa Contactless, Apple Pay, Samsung Pay, Google Pay
Standard Chartered X Credit Card

S$1 = 2 Miles

on Overseas Spend

S$0

Min. spend per month

3.5%

Foreign Transaction Fee

Online Promotion: Get 60,000 Welcome Air MilesValid till 30 Nov 2019.
  • Bonus of up to 300,000 extra air miles with Priority Banking sign-up

S$1 = 2 Miles

on Overseas Spend

S$0

Min. spend per month

3.5%

Foreign Transaction Fee

Online Promotion: Get 60,000 Welcome Air MilesValid till 30 Nov 2019.

Overseas Spending Features

  • S$1 = 2 miles for overseas spending
  • 2 Complementary Access to Priority Pass™ Lounges at over 1300 airport lounges per year
  • Complimentary Travel Accident Insurance of up to S$1,000,000 coverage
  • No minimum spend and no cap
  • 3.5% foreign currency transaction fee

Annual Interest Rate and Fees

Annual Interest Rate26.90%
Principle Annual Fee$696
Supplementary Annual Fee$107
Fee WaiverNot Available
Minimum Monthly Repayment1% or S$50, whichever is higher
Interest Free Period22 days

Minimum Income Requirements

Singaporean$80,000
Foreigner$80,000

Other

Card AssociationVisa
Wireless PaymentVisa payWave, SC EasyBill
Standard Chartered Rewards+ Credit Card

S$1 = 10X Points

Overseas Spending Rewards

S$0

Min. Spend per month

3.50%

Foreign Transaction Fee

S$1 = 10X Points

Overseas Spending Rewards

S$0

Min. Spend per month

3.50%

Foreign Transaction Fee

Overseas Spending Features

  • 10X Points for every S$1 spent in foreign currency, including online spends
  • 1 Point = 0.29 Miles
  • No minimum spend required, Rewards Point capped at 20,000 points per year
  • Complimentary travel medical insurance of up to S$500,000
  • 3.5% foreign currency transaction fee

Annual Interest Rate and Fees

Annual Interest Rate26.90%
Principle Annual Fee$193
Supplementary Annual FeeN/A
Fee WaiverAvailable
Minimum Monthly Repayment1% or S$50, whichever is higher
Interest Free Period

Minimum Income Requirements

Singaporean$30,000
Foreigner$60,000

Other

Card AssociationVisa
Wireless PaymentVisa Paywave, Apple Pay, Samsung Pay, Google Pay
Standard Chartered Visa Infinite Credit Card

S$1 = 3 Miles

Overseas Spending Rewards

S$2,000

Min. Spend per month

3.50%

Foreign Transaction Fee

S$1 = 3 Miles

Overseas Spending Rewards

S$2,000

Min. Spend per month

3.50%

Foreign Transaction Fee

Overseas Spending Features

  • Get 35,000 Mile when you apply for SCB Visa Infinite Credit Card via MoneySmart
  • Earn 3 Miles for every S$1, with minimum Oversea spending of S$2000 per month
  • Earn 2.5 points or 1 mile for every S$1, with spending less than S$2000
  • Complimentary Travel Accident Insurance coverage of up to S$1,000,000
  • 3.5% foreign currency transaction fee

Annual Interest Rate and Fees

Annual Interest Rate26.90%
Principle Annual Fee$589
Supplementary Annual Fee0.0
Fee WaiverNot Available
Minimum Monthly Repayment1% of S$50, whichever is higher
Interest Free Period22 days

Minimum Income Requirements

Singaporean$150,000
Foreigner$150,000

Other

Card AssociationVisa
Wireless PaymentVisa payWave
HSBC Visa Infinite Credit Card

S$1 = 2.25 Miles

Overseas Spending Rewards

S$0

Min. Spend per month

2.80%

Foreign Transaction Fee

S$1 = 2.25 Miles

Overseas Spending Rewards

S$0

Min. Spend per month

2.80%

Foreign Transaction Fee

Overseas Spending Features

  • Earn 2.25 Miles for every S$1 on Oversea spending
  • Automatic travel insurance coverage of up to US$2,000,000 (annual value worth S$988)
  • Complimentary green fees and worldwide golfers' insurance of up to S$500,000
  • 2.8% foreign currency transaction fee

Annual Interest Rate and Fees

Annual Interest Rate25.90%
Principle Annual Fee$650
Supplementary Annual Fee0.0
Fee WaiverNot Available
Minimum Monthly Repayment3% or S$50, whichever is higher
Interest Free Period20 days

Minimum Income Requirements

Singaporean$120,000
Foreigner$120,000

Other

Card AssociationVisa
Wireless PaymentVisa payWave, Apple Pay
Bank of China Family Card

10% Cashback

Overseas Dining Spending

S$800

Min. Spend per month

3%

Foreign Transaction Fee

10% Cashback

Overseas Dining Spending

S$800

Min. Spend per month

3%

Foreign Transaction Fee

Overseas Spending Features

  • 10% Cash Rebate on Everyday Dining (also in foreign currency)
  • Minimum spend of S$800 per month and total cash back capped at S$100 per month
  • 3% cash back on online purchases, capped at S$25 per month
  • 3% foreign currency transaction fee
  • During application, please input "MS" under Promo code in your online application form

Annual Interest Rate and Fees

Annual Interest Rate28.88%
Principle Annual Fee$203
Supplementary Annual FeeS$101.65
Fee WaiverAvailable
Minimum Monthly Repayment3% or S$50, whichever is higher
Interest Free Period23 days

Minimum Income Requirements

Singaporean$30,000
Foreigner$60,000

Other

Card AssociationVisa
Wireless PaymentVisa payWave
UOB YOLO Credit Card

8% Cashback

on Overseas Spend

S$600

Min. Spend per month

2.5%

Foreign Transaction Fee

8% Cashback

on Overseas Spend

S$600

Min. Spend per month

2.5%

Foreign Transaction Fee

Overseas Spending Features

  • Up to 8% cashback on Online, Grab, Dining and Entertainment spend (including overseas spend)
  • Free travel insurance coverage when you charge your travel tickets to your card (Up to S$500,000)
  • Up to 18% off Expedia, Agoda and more
  • Minimum spend of S$600/mo and total cashback capped at S$80/mo (consisting of S$20 bonus cashback and S$60 base cashback)
  • 2.8% foreign currency transaction fee

Annual Interest Rate and Fees

Annual Interest Rate25.90%
Principle Annual Fee$193
Supplementary Annual FeeN/A
Fee WaiverAvailable
Minimum Monthly Repayment3% or S$50, whichever is higher
Interest Free Period21 days

Minimum Income Requirements

Singaporean$30,000
Foreigner$40,000

Other

Card AssociationVisa
Wireless PaymentVisa payWave, Apple Pay, Samsung Pay, Android Pay, Mighty Pay
Show more cards

Best Credit Card for Overseas Spending

Frequent travellers who usually shop while on a business trip or holiday get higher rewards on overseas spending as long as they use the right credit card. Of course, not all credit cards are created equal. So some fare better than others, depending on the spending category. It’s also worth taking note that banks do charge a foreign currency transaction fee.

Best for High Spenders - OCBC 90°N Card and UOB Visa Signature Card

If you’re the type who goes all out while travelling, the OCBC 90°N Card or UOB Visa Signature Card are worth considering. With the OCBC 90°N Card, you can earn up to 4 miles per $1 spent overseas. What’s good about this is there’s no minimum spend and no cap. So if you’ve a Michelin-starred restaurant reservation or European trip planned before 29 Feb 2020, you can take advantage of OCBC’s bonus miles promotion. The UOB Visa Signature Card is even more competitive. With this card, you earn 4 miles per $1 spent on foreign currency whenever you use your card. While it’s a fixed feature of the card, you must hit the $1,000 minimum monthly spending to enjoy the bonus miles.

Best for General Spending - UOB PRVI Miles

Unlike the usual 1.4 or 2 miles per $1 spent offered by bank other banks, UOB PRVI Miles offers a slightly better deal – 2.4 miles per $1 spent overseas. Not bad for a permanent bonus miles feature. The downside? The UOB miles you accumulate are bound to expire within 2 years.

Best for Nearby Destinations - UOB YOLO, Maybank Friends & Family Card

If you like taking weekend trips to nearby cities like JB, Batam or KL, you can choose between UOB YOLO or Maybank Friends & Family Card for boatloads of cashback and rebates. With UOB YOLO, a weekend trip overseas means 8% cashback on weekend dining, entertainment and Grab rides. Unfortunately, if your trip is scheduled on a weekday, you’ll only get 3% rebate. For serial JB hoarders out there, the Maybank Family & Friends Card might be the perfect card for you. If you spend at least $500 a month, you’ll get 5% rebate on dining, grocery, petrol and taxi rides in Malaysia and Singapore. If you spend at least $800, you’ll get 8% rebate.

How to Activate Credit Card for Overseas Use

Banks enforce stringent security measures to curb unauthorised overseas credit card charges. To use your card overseas, you simply need to activate overseas use for your credit card. So if you’ll be travelling abroad, make sure that you’ve enabled this function to be able to use your credit card. You can activate your credit card for foreign travel via SMS, online banking or mobile banking. Some banks allow ATM or personal activation too. While activating your card for overseas usage, you need to set the dates when you plan to use it abroad. It will then be deactivated automatically.

Credit Card Overseas Rebate

The concept of credit card overseas rebate is simple – use your credit card overseas and earn a small percentage of the amount your paid for in return. Of course, you can’t expect banks to be generous in giving cashback on your foreign currency transactions. Usually, banks only give 2% to 8% cashback tops. Sometimes they also require you to hit the minimum spend requirement to enjoy overseas rebate.

Credit Card Foreign Transaction Fee

Foreign transaction fee often comes as a surprise to most overseas credit card users. Why? Because this fee is usually hiding in the terms and conditions section of credit card providers. So if you’re still scratching your head and wondering what this fee is all about, here’s a quick lowdown. Whenever you purchase something and make a foreign currency charge using your Singapore-issued credit card, you’ll be subject to a foreign transaction fee. Very rarely will you encounter banks that charge 0%. The usual foreign transaction fee is 2.5% to 3.25%.

Frequently Asked Questions

How to activate POSB Everyday credit card for overseas use?

There are 6 ways to enable your POSB Everyday credit card for overseas travel. You can activate it via SMS banking, virtual assistant, digibank mobile, digibank online, DBS Lifestyle app or ATM.

Can I use my credit card overseas?

Of course, you can use your credit card for foreign travel as long as you enable overseas use. Take note that if you charge a different currency, the foreign exchange rate will be a spot rate and you may incur a foreign transaction fee.

Do I need OTP when using a credit card overseas?

OTP is not needed for credit card use overseas. You’ll only be asked for an OTP while you’re activating your credit card for foreign travel.

How to check credit card foreign exchange rate and currency transaction charges?

Banks usually follow the foreign exchange rate of the credit card network (VISA, Mastercard). You can check their website for real-time currency conversion. As for the overseas transaction fee, you can check the terms and conditions section of your credit card provider.