facebookWhat cards do y'all use for online shopping in foreign currency such as pound, USD etc. Tried youtrip few days back and it was a smooth transaction, tho nt sure if I'm getting the best rate? - Seedly

Anonymous

07 Dec 2020

Credit Cards

What cards do y'all use for online shopping in foreign currency such as pound, USD etc. Tried youtrip few days back and it was a smooth transaction, tho nt sure if I'm getting the best rate?

Was wondering if there are better options out there (revolut, transfer wise etc) to share with and is there any updated comparison for this?

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I like https://wise.com/invite/u/jiat269 because for certain currencies that i think is gonna rise, i buy them in advance when low

If your total spend per month exceeds $600, I suggest looking at OCBC Frank Credit Card. It gives 6% rebate for online spend (local or foreign currency) capped at $25 (that's roughly $416 spend) and another 6% for mobile payment, which can be used for dining, groceries, public transport etc. The 6% rebate beats whatever foreign currency charge (usually 3+%), that leaves a net rebate of 2+%.

Another alternative is DBS Live Fresh, similar minimum spend, slightly lower cashback cap for online spend at $20 and slightly lower rebate at 5%, but still beats the foreign currency charge.

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