How does the new OCBC 90°N credit card foreign fees work? - Seedly

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Asked by Anonymous

Asked 4w ago

How does the new OCBC 90°N credit card foreign fees work?

Hi there, I am considering to get the OCBC 90°N card for miles, saw that foreign charges are 3%? My calculation of value for the miles: (E.g. Payment in JB for RM300, estimated SGD100) Foreign charge = SGD100 x 3% = SGD3. Miles earned = SGD100 x 4mpd = 400 miles. Max cost of mile im willing to spend = SGD0.018. Cost per mile from transaction = SGD3 / 400 = SD0.0075. Thus is worth it if im willing to pay up to SGD0.018 per mile. Would appreciate if anyone could confirm my understanding :)

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Aik Kai
Aik Kai
Top Contributor

Top Contributor (Aug)

Level 5. Genius
Answered 3w ago

Yes, it is worth it in my opinion. Let's put it into cents to make it simpler.

You are willing to pay 1.8 cents to buy a mile. The 90°N allows you to buy a mile at 0.75 cents. In this case, it is less than your limit so, why not?

You can refer to the articles below for reference:

1) https://milelion.com/2019/08/28/2019-edition-best-cards-for-overseas-spending/

2) https://mainlymiles.com/2019/08/26/credit-card-review-ocbc-90n-mastercard/ (go straight to the comments. much better explanation)

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