Best Credit Cards for Overseas Spending 2020

Find the latest credit cards have the lowest foreign transaction fees and the best rewards for overseas spending. read more
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We found 31 Credit Cards for you!
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Get S$300 Cash via PayNow
Citibank logo

Citi Cash Back Card

Overseas Spending Rewards
8% Cashback
Min. Spend per month
S$888
Foreign Transaction Fee
3.25%
Apply Now
MoneySmart Exclusive: Get S$300 Cash via PayNow! Applies to new to bank customers. Valid till 29 Feb 2020.
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Get S$300 Cash via PayNow
Citibank logo

Citi PremierMiles Visa Card

Overseas Spending Rewards
S$1 = Up to 2 Miles
Min. Spend per month
S$0
Foreign Transaction Fee
3.25%
Apply Now
MoneySmart Exclusive: Get S$300 Cash via PayNow! Applies to new to bank customers. Valid till 29 Feb 2020.
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UOB logo

UOB PRVI VISA Miles Card

Overseas Spending Rewards
S$1 = 2.4 Miles
Min. Spend per month
S$0
Foreign Transaction Fee
3.25%
Apply Now
  • Earn up to 3miles per S$1 spend on Klook bookings (Exclusive to UOB Prvi Miles Cards only)
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UOB logo

KrisFlyer UOB Credit Card

on Singapore Airlines, SilkAir, Scoot and KrisShop
S$1 = 3 Miles
Min spend per annum on Singapore Airlines Group
S$500
Foreign Currency Transaction Fee
3.25%
Apply Now
More Details
CIMB logo

CIMB Visa Signature

Cash Back on Cruises
Up to 10%
Min. spend per month
S$800
Foreign Transaction Fee
2%
Apply Now
Online Promo: Get a free return flight ticket by spending S$600 in the first 3 months! Valid till 29 Feb 2020.
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CIMB logo

CIMB Platinum Mastercard

Cash Back on hotels and flights in Foreign Currency
10%
Min. spend per month
S$800
Foreign Transaction Fee
2%
Apply Now
Online Promo: Get a free return flight ticket by spending S$600 in the first 3 months! Valid till 29 Feb 2020.
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OCBC logo

OCBC 90°N Card

on Overseas spend
S$1 = 4 Miles
Min. spend per month
S$0
Foreign Transaction Fee
3%
Apply Now
More Details
Bank of China logo

BOC Elite Miles World Mastercard®

Overseas Spending Rewards
S$1 = 3 Miles
Min. Spend per month
S$0
Foreign Transaction Fee
3%
Apply Now
More Details
Revolut logo

Revolut Premium Debit Card

Foreign Transaction Fee
S$0
Up to S$700 per month
Free ATM withdrawal fee
Supported Currencies
150+
Apply Now
More Details
Revolut logo

Revolut Standard Debit Card

Foreign Transaction Fee
S$0
Up to S$350 per month
Free ATM withdrawal fee
Supported Currencies
150+
Apply Now
More Details
Get Up To $200 Cash and Cashback!
Standard Chartered logo

Standard Chartered Unlimited Cashback Credit Card

Cash Back on eligible spend
Up to 1.5%
Min. Spend per month
$0
Cash Back Cap
Unlimited
Apply Now
MoneySmart Exclusive: Get S$120 Instant Cash via PayNow + S$80 cashback & Instant digital card approval with MyInfo! Valid till 31 Mar 2020.
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DBS logo

DBS Altitude Visa Signature Card

Overseas Spending Rewards
S$1 = 2 Miles
Min. Spend per month
S$0
Foreign Transaction Fee
2.50%
Apply Now
Online Promo: Get up to 38,000 Miles Valid till 31 Mar 2020.
  • Enjoy 8% rewards on your online spending
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Get up to $100 Cashback!
Standard Chartered logo

Standard Chartered Spree Credit Card

Cashback Overseas Spending Rewards
3%
Min. Spend per month
S$0
Foreign Transaction Fee
3.50%
Apply Now
MoneySmart Exclusive: Get up to $100 Cashback! Valid till 31 Mar 2020.
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Standard Chartered logo

Standard Chartered Rewards+ Credit Card

Overseas Spending Rewards
S$1 = 10X Points
Min. Spend per month
S$0
Foreign Transaction Fee
3.50%
Apply Now
MoneySmart Exclusive: Get up to $100 Cashback! Valid till 31 Mar 2020.
More Details
Standard Chartered logo

Standard Chartered X Credit Card

on Overseas Spend
S$1 = 2 Miles
Min. spend per month
S$0
Foreign Transaction Fee
3.5%
Apply Now
Online Promo: Get 30,000 Air Miles Valid till 30 Jun 2020.
  • Bonus of up to 300,000 extra air miles with Priority Banking sign-up
More Details
Standard Chartered logo

Standard Chartered Visa Infinite Credit Card

Overseas Spending Rewards
S$1 = 3 Miles
Min. Spend per month
S$2,000
Foreign Transaction Fee
3.50%
Read More
More Details
HSBC logo

HSBC Visa Infinite Credit Card

Overseas Spending Rewards
S$1 = 2.25 Miles
Min. Spend per month
S$0
Foreign Transaction Fee
2.80%
Apply Now
More Details
Bank of China logo

Bank of China Family Card

Overseas Dining Spending
10% Cashback
Min. Spend per month
S$800
Foreign Transaction Fee
3%
Apply Now
More Details
UOB logo

UOB YOLO Credit Card

on Overseas Spend
8% Cashback
Min. Spend per month
S$600
Foreign Transaction Fee
2.5%
Apply Now
More Details
OCBC logo

OCBC 365 Credit Card

Overseas Spending Rewards
6% Cashback
Min. Spend per month
S$800
Foreign Transaction Fee
3%
Apply Now
More Details
Maybank logo

Maybank DUO Platinum Mastercard

Cash Rebate on foreign currency spend
1.5%
Min. spend per month
S$0
Foreign transaction fee
2.75%
Apply Now
More Details
Maybank logo

Maybank Manchester United Platinum Visa Card

on ALL spend
S$1 = 1X Point
Min. spend per month
S$0
Foreign transaction fee
2.75%
Apply Now
More Details
Maybank logo

Maybank Horizon Visa Signature

Overseas Spending Rewards
S$1 = 2 Miles
Min. Spend per month
S$300
Foreign Transaction Fee
2.50%
Apply Now
More Details
Maybank logo

Maybank FC Barcelona Visa Signature

Overseas Spending Rewards
3% Cashback
Min. Spend per month
S$0
Foreign Transaction Fee
2.50%
Apply Now
More Details
ICBC logo

ICBC Global Travel MasterCard Credit Card

Cash Back on Overseas Spend
3%
Min. Spend per month
S$0
Foreign Transaction Fee
2.5%
Apply Now
Online Promo: Free Worldwide VIP Lounge Access! Valid till 31 Dec 2020.
More Details
Bank of China logo

Bank of China Qoo10 World Mastercard®

Overseas Spending Rewards
5% Cashback
Min. Spend per month
S$600
Foreign Transaction Fee
3%
Apply Now
More Details
Bank of China logo

Bank of China Zaobao Credit Card

Overseas Spending Rewards
5% Cashback
Min. Spend per month
S$600
Foreign Transaction Fee
3%
Apply Now
More Details
American Express logo

American Express True Cashback Card

Overseas Spending Rewards
2.5% Cashback
Min. Spend per month
S$0
Foreign Transaction Fee
2.50%
Apply Now
More Details
Get up to 36,500 KrisFlyer miles
American Express logo

American Express Singapore Airlines KrisFlyer Credit Card

Overseas Spending Rewards
S$1 = 2 Miles
Min. Spend per month
S$0
Foreign Transaction Fee
2.50%
Apply Now
MoneySmart Exclusive: Get up to 36,500 KrisFlyer miles when you apply via MoneySmart only. Valid till 29 Feb 2020.
  • Get 3.1 KrisFlyer miles per S$1 spent on Daily Essentials
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Get up to 39,500 bonus KrisFlyer Miles
American Express logo

American Express Singapore Airlines KrisFlyer Ascend Credit Card

Overseas Spending Rewards
S$1 = 2 Miles
Min. Spend per month
S$0
Foreign Transaction Fee
2.50%
Apply Now
MoneySmart Exclusive: Get up to 39,500 KrisFlyer miles when you apply via MoneySmart only. Valid till 29 Feb 2020.
More Details
ICBC logo

ICBC Horoscope Credit Card

Cash Back on Oversea Spending
3%
Min. Spend per month
S$0
Foreign Transaction Fee
2.5%
Apply Now
Online Promo: Free Worldwide VIP Lounge Access! Valid till 31 Dec 2020.
More Details

Disclaimer: At MoneySmart.sg, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.

Best Credit Card in Singapore 2020

Best ForCredit CardReward Type
Savings on dining, grocery and grab spendingsCiti Cash Back CardCashback
Earning bonus miles that do not expireCiti PremierMiles Visa CardMiles
Convenience and perks for frequent flyersAmerican Express Singapore Airlines KrisFlyer Credit CardMiles
Unlimited cashback with Ez-link capabilitiesStandard Chartered Unlimited Cashback Credit CardCashback
Card and Savings Account BundleUOB One CardCashback
Highest cashback on any contactless paymentDBS Live Fresh CardCashback
Newlyweds and married couplesHSBC Advance Credit CardCashback
High Net-worth IndividualsAmerican Express The Platinum Card®Reward Points
Dining and EntertainmentUOB YOLO Credit CardCashback
Business TravelerStandard Chartered Visa Infinite Credit CardMiles

Compare Credit Cards for Everyday Use

When comparing the best credit cards for rewards, it is often a good choice to combine multiple credit cards each specializing in a particular spending type or card feature that best suits your lifestyle. Avoid paring Miles credit cards with Cashback credit cards since these reward types are incompatible. Points credit cards, on the other hand, are more flexible as they can be used to either get cash rebates on specific merchants or convert points into miles to redeem free flight tickets.

Air MilesMiles Credit Cards

  1. Citi PremierMiles Visa Card: Use for online hotel and flight bookings
  2. UOB PRVI Miles Card: Use for general local spend
  3. Standard Chartered Visa Infinite Credit Card: Use for spending in foreign currency

CashbackCashback Credit Cards

  1. Citi Cash Back Card: Use for grocery shopping worldwide
  2. UOB One Card: Use for pumping petrol at SPC and Shell
  3. OCBC 365 Credit Card: Use for spending on everyday dining

Reward PointsReward Points Credit Cards

  1. Citi Rewards Card: Use for retail shopping to earn extra miles
  2. American Express CapitaCard: Use for shopping at CapitaLand Malls to earn cash rebates
  3. DBS Woman's World Card: Use for free gym memberships

Which Credit Card is the Best in Singapore?

With so many credit cards in Singapore to choose from, it can be difficult to narrow down the best credit cards to suit your lifestyle. Unfortunately, there’s no single best credit card in Singapore. You’ll have to choose the best one for you. Here’s how:

Find a card that fits your spending habits

Think about your current lifestyle and spending habits. What are the things you spend the most money on? For example, if you’re a real foodie and love checking out new restaurants around town, then it makes sense to get a card with rewards points for dining out and useful perks like 1-for-1 buffet promotions.

Plan how to use your credit card benefits

Credit cards come with a whole bunch of benefits, so think about which benefits you actually want to use. Do you want to collect air miles and fund your upcoming travels? Or accumulate points for shopping vouchers? Or would you rather enjoy cash rebates? This is a deeply personal matter - only you can decide how you prefer to be rewarded.

Check the Terms & Conditions

Now that you’ve got a shortlist of credit cards, it’s time to dig deeper into the details of the rewards or air miles programmes. Find out all you can about terms and conditions like expiry dates, exclusions, minimum spend, credit limit, etc. Be sure to ask a bank rep to clarify if you don’t see answers anywhere.

Visa Card vs Mastercard vs American Express

At some point in your life, you’ll probably wonder if there’s a difference between a Visa card and Mastercard (and maybe American Express). Visa, Mastercard and Amex are the 3 big global payment networks. This means they handle all the technical back-end stuff that makes it possible to pay with your credit card anywhere in the world. Visa and Mastercard are extremely widely accepted worldwide, both online and offline. Both payment networks are easy and secure to use. Visa has a slight edge in terms of acceptance, but really, you’ll be fine with either. American Express is a bit less widely accepted globally. It’s in 140 countries compared to Visa and Mastercard’s 200+. However, many people still love using Amex because they have an excellent reputation for customer care. Whichever payment network you choose, you can get a credit card from a bank like DBS or UOB. Note that American Express also issues its own credit cards, even though it’s not a bank.

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Annual Fees are NOT the Only Credit Card Fee!

Annual fees aren’t the only type of credit card charges you might be paying. Many of these other common fees will impact the benefits you earn, so be mindful of them and actively monitor your spend.

Foreign Transaction Fees

This is a fee imposed on overseas spending - whether it’s while you’re traveling or even when making an online purchase on a foreign website. This is usually 2.5% to 3% on top of the prevailing foreign exchange rate.

Cash Advance Fees

Some credit cards allow you to withdraw cash from ATMs, using your credit line. Be prepared to fork out up to 6% of the transaction amount, plus 2%+ daily charges on unpaid withdrawn balance.

Balance Transfer Fees

Charged when you move a balance from one card to another, usually 2% to 4% of the amount transferred.

Minimum Balance Payment for Credit Cards

Is paying the minimum balance bad?

Because credit cards are effectively short-term loans, you are meant to pay off your bills in full every month. If you make only the minimum payment each month, you may accrue huge additional costs on top of your bill due to the credit card’s interest rate (typically 24%+)!

Does paying only minimum balance affect credit score?

Yes, If you plan to apply for any kind of credit or loan (such as a housing loan or car loan) in the future, be aware that any “bad behaviour” with your credit card can come back to haunt you in the form of a bad credit score.

Frequently Asked Questions

How do credit cards work?

A credit card is basically a way to borrow money from a bank to make purchases. Unlike a bank loan, a credit card “loans” money in smaller amounts and on a short-term basis, requiring you to pay the bank back monthly (or be subject to unpleasant penalties and interest fees). The biggest payment networks are MasterCard, VISA and American Express, but do note that merchants may not accept all types.

How do I apply for a credit card?

Simply fill out an application online or at a bank branch and submit the required documents such as proof of income. After approval, the bank will inform you about how much you are allowed to borrow and mail you your new credit card. You’ll need to activate the credit card as well as sign on the back.

What’s the difference between debit cards and credit cards?

Unlike credit cards, debit cards do not involve any borrowing. They are linked to your bank account, so purchases made on your debit card are paid for by deducting straight from your funds. You must have sufficient funds on hand to use your debit card. If you have a credit card, you can borrow the money for the time being and pay it back later.

How to prevent credit card fraud?

There’s no sure-fire way to prevent credit card fraud, so unfortunately holding a credit card also means being vigilant about making sure it doesn’t end up in the wrong hands. Make use of credit card alerts, monitor your transactions closely, be wary of phishing scams and don’t make it easy for others to get hold of your credit card information.

What should I do with my credit card statement?

It might not be the most fun thing to read, but it IS super important to understand your credit card statement. So don’t throw it away without checking it. Of course, after reading the statement you will have to pay your bill – typically through online banking, though some people use ATMs, SAMs, AXS machines or go to the bank in person.

What if I only make the minimum payment on my bill?

Because credit cards are effectively short-term loans, you are meant to pay off your bills in full every month. If you make only the minimum payment each month, you may accrue huge additional costs on top of your bill due to the credit card’s interest rate (typically 24%+)