Best Multi Currency Cards in Singapore 2024

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Understanding the risk of Cryptocurrency Platforms in Singapore:

The products in the Multi Currency Cards category do not currently hold the licence to “provide digital payment token services” under the Payment Services Act (PS Act) by MAS. These products were previously granted an exemption since 28 January 2020 and are pending the licence to “provide digital payment token services” from MAS.

The information provided by Seedly serves as an educational piece and is not intended to be personalised investment advice. ​Readers should always do their own due diligence and consider their financial goals before investing in any investment product.

Seedly's Product Comparison Page Listing Guidelines
For Multi Currency Cards products to be listed on Seedly's Product Comparison Page, they have to fulfil the following criteria:

• Owns a Capital Markets Service License
• Not tied to a Bank's Multi Currency Account
• No minimum balance penalty
  

Best Multi-Currency Card Singapore Review 2024

There used to be only a few options in the market, but there are more options popping up over the years. These are some of the multi-currency cards that are available in Singapore now:

GrabPay Card

InstaReM AMAZE Card

MCO Visa Card

Revolut

Singlife Card

TenX

TransferWise Platinum Mastercard

Wirex

YouTrip

Don't know which one to go with? Check out the individual multi-currency card options and read real user reviews to find out which is the best multi-currency card to go with!

What Is a Multi-Currency Card?

Travelling overseas and don't want to hold onto so much physical cash? Multi-currency accounts allow you to hold your money in one or more foreign currencies as well as in Singapore dollars so you can travel with ease of mind.

These accounts usually come with no minimum balance, or monthly fee to worry about. And all the currency conversions - either within your account, or whenever you make a payment - is done using a mid-market rate with no markup. This means that you pay less overall without having to worry about expensive foreign exchange conversion fees and bank charges.

The multi currency accounts also come with either a virtual or physical card which is tied to Visa or Mastercard. This also means that you can use them like you would a regular credit card when making your purchases overseas.

Can't figure out which is the best multi-currency card in Singapore?

The fastest way is by using reading real user reviews left by other consumers who have used multi currency cards before. Apart from reviews about multi-currency cards, you can also read reviews on other useful everyday stuff like the best travel insurance Singapore, the best credit card Singapore, or even the best savings account Singapore!

What Do You Need To Apply For A Multi-Currency Card?

In this day and age, almost anything can be done online. The same goes for multi-currency cards too, simply apply for a card at the respective multi-currency card's website:

• Sign up online
• Wait for the card to be delivered to you
• Download the accompanying app
• Register and activate your card (some form of photo verification is sometimes required)
• Link your bank account(s) to the card
• Top up your card
• Use for online/overseas purchases/bus & train fares

Which Is The Best Multi-Currency Card To Get?

Just like credit cards, it never hurts to have more than one multi-currency card at your disposal given that there are so many options in the market right now.

If you'd like more information you can

Check out our article(s) which will help you to pick out the best multi-currency card:

• Ultimate Comparison To Multi-Currency Cards In Singapore

If you have questions about which multi-currency card to get after reading our Real User Reviews, why not ask our community of experts and experienced members at Seedly! Best of all, you can even ask your questions anonymously if you're really, really shy!

Frequently Asked Questions

How does a multi-currency card work?

A multi-currency card allows the user to spend overseas without having to hold on the cash. The payment is made via the multi-currency card and the process is akin to a debit card except that the exchange rate is applied upon payment. The exchange rate is determined by the card issuer.

What is a multi-currency card?

A multi-currency card makes it easier for a user to spend overseas by eliminating conversion fees. It allows users to manage their foreign currencies and save users from expensive foreign exchange fees and charges.

Can I transfer money from multi-currency card to bank account?

Yes, you can transfer money from your multi-currency card to your bank account. Different card issuers have different procedures for transferring money. It typically involves an authentication process to verify your identity before a transfer is carried out.

Can I withdraw money from multi-currency card?

Yes you are able to withdraw cash from selected ATMs worldwide. Please be aware of the additional charges and fees that might be incurred.

What is the limit of multi-currency card?

Yes, there are limits to the amount of currency spent for multi-currency cards. These limits vary depending on the card issuer.

What are the charges for a multi-currency card?

The fees and charges you need to look out for are:

• Top-up fees
• Overseas transaction fees
• Currency conversion fees
• Card issuance fee
• Card replacement fees
• Card dormancy fees.

Be sure to check with your card issuer on the fees that are applicable to the card you're signing up for.

Can multi-currency card be used in Singapore?

Yes, if the card allows the use of multi-currency card in Singapore if the card allows for transaction if the card allows for SGD transactions - you will have to check with you card issuer.