Asked by Anonymous
Asked on 03 Aug 2018
Hello, i will be heading over to the U.S. from singapore for my studies. i am just wondering which would make more sense - do a TT over from singapore to a US bank (when i am there) or should i just pay for big ticket expenses (such as school fees) using my SG Credit card (and just suffer on exchange rate) and earn miles? Which is the best way? thanks!
transfering money for some banks (if im not wrong dbs multicurrency) charges a one time fee so its definitely cheaper to transfer than pay with a SG card
TT over definitely is the cheapest option. There is usually a cap on fees for large amount so do it lump sum to save on costs. Unless your credit gives you enough rewards/rebates to cover the costs, it's not worth it.