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YouTrip Card

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  • Reviews (531)
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4.7
531 reviews
claimed

Claimed

This product is managed by YouTrip.

USER RATINGS

Application Process

4.7

User Experience

4.7

Customer Support

4.6

YouTrip

Mastercard

TYPE

Free

CURRENCY EXCHANGE FEES

N/A

MONTHLY FEES

$5/transaction

OVERSEAS ATM WITHDRAWAL FEES

150+

SUPPORTED FIAT CURRENCIES

YouTrip

Mastercard

TYPE

Free

CURRENCY EXCHANGE FEES

N/A

MONTHLY FEES

$5/transaction

OVERSEAS ATM WITHDRAWAL FEES

150+

SUPPORTED FIAT CURRENCIES

Details

Product Page Transparency

  • Claimed in October 2020

YouTrip Review 2021

YouTrip is Singapore's first multi-currency travel wallet with a linked Mastercard. It allows travellers to pay in over 150 currencies worldwide with get this... 0 transaction fees! How sick is that? And you can even store up to 10 currencies in your YouTrip wallet, allowing you to cop the best currency rates anytime before your intended trip!

Features of YouTrip

  • Supports currency conversion of over 150 currencies
  • Supports exchange and lock-down of competitive rates for up to 10 in-app currencies
  • Cash withdrawal available overseas with Mastercard, Maestro or Cirrus ATMs outside of Singapore at wholesale exchange rates. A withdrawal fee of S$5 or foreign currency equivalent will apply.
  • Easy card deactivation through the app if your YouTrip Mastercard is misplaced
  • Instant notifications each time a transaction is made
Read More about YouTrip Card
Reviews (531)

4.7

531 Reviews

  • 5
    421
  • 4
    79
  • 3
    20
  • 2
    4
  • 1
    7

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    Most HelpfulMost RecentLow to HighHigh to Low
      Posted 3d ago

      Purchased

      YouTrip

      Easy to use, will utilise it again when travelling is back to normal. Good fx rates compared to credit cards.

      0

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      Posted 5d ago

      Purchased

      YouTrip

      [Features] Started using it since early 2019 when I traveled often during my previous job. Ever since I have this YouTrip card I stopped exchanging large sums of foreign notes. Always looking forward to using this card again as I still have 300 pounds inside which I have exchanged when pounds is at a low during early 2020.

      0

      What are your thoughts?

      Reply

      Posted 11d ago

      Purchased

      YouTrip

      Easy to use, will utilise it again when travelling is back to normal. Good fx rates compared to credit cards.

      0

      What are your thoughts?

      Reply

      Posted 22d ago

      Purchased

      YouTrip

      I have been using YouTrip since its inception. Use it for my travel trips and the conversion rates is way better than bank transfer, tied to MasterCard exchange rate. You can check with the locals how much is it in their currencies, do your exchange to your YouTrip card, then use the card for payment, just like a debit card. Easy to use and cost saving. Highly recommended.

      0

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      Posted 11 Sep 2021

      Purchased

      YouTrip

      Definitely used YouTrip when I travelled to Japan the last time in 2018. Given that Japan is still a much "paper note" country where digital payments are only available at department stores, it was at least still a breeze using the card at the department stores, no errors at all. YouTrip also offers competitive rates and easy to understand user-interface, only downside was that I couldn't withdraw out of the card directly into my DBS account.

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      How Does YouTrip Work?

      • Top up your YouTrip wallet on your mobile phone with any SGD credit or debit card for up to S$3,000.
      • Monitor and exchange currencies at your preferred rateas at any time. An alternative would be to utilise YouTrip’s SmartExchange technology, which allows automation in the exchange of current rates as you spend overseas.
      • Enjoy no transaction fees when used for cashless payments in-store and online worldwide.

      YouTrip Review 2021: All You Need To Know About the YouTrip Card & its 0% Transaction Fee

      YouTrip Multi Currency Account Wallet Reviews

      The YouTrip card launched in August 2018 by EZ-Link, You Technologies and Mastercard. This supposedly magical card enables users to pay in more than 150 currencies without currency conversion or transaction fees.

      Since I have some travel plans coming up, I decided to give this MCA a shot and applied for it. To my surprise, the card arrived within the same week.

      Set-up was pretty simple:

      1. Sign up online
      2. Card will be delivered to you
      3. Download the app
      4. Register and activate your card
      5. Link bank account to YouTrip account
      6. Top up your card
      7. Use for online/overseas purchases/bus & train fares

      Payments and In-App Exchange

      YouTrip prides themselves as enabling users to

      • make purchases using your YouTrip card in 150 currencies worldwide
      • no fees no markups at highly competitive wholesale exchange rates.

      The card basically replaces your trip to the money changer with the in-app currency exchange for 10 currencies which lets you store and lock down a good rate for currencies SGD, USD, EUR, GBP, JPY, HKD, AUD, NZD, CHF, and SEK.

      For a list of the best money changers (both online and offline), you’re gonna want to read this guide here.

      Apart from USD and AUD, the rates seem to be more favourable via the YouTrip card.

      Is the YouTrip card a credit card?

      No, the YouTrip card works like a prepaid card. This is great as it

      • helps you keep to a travel budget
      • is a safer choice for travel in case of lost or stolen card incidents
      • locks in up to 10 different currencies any time via the YouTrip in-app currency exchange function.

      Benefits of using the YouTrip card:

      • Free sign up, no card fees and no minimum account balance to keep (as at 1 Dec 18)
      • Works like a MasterCard worldwide i.e. make purchases overseas and in SG
      • Spend in overseas local currency from the wallet at no extra cost (similar to UOB/DBS)
      • Spend SGD overseas with 0% transaction fee. This is good because:
        – MasterCard usually charges a 1% fee for Singapore cards
        – Banks usually charge an additional fee on top of this
        – YouTrip claims to use ‘wholesale exchange rate’, but so does every other bank when making foreign purchases
        – MasterCard Cirrus/Maestro rates are usually better than that of Plus! Visa
      • Top up via debit/credit card
      • If there is insufficient local currency in your account, the system will deduct the shortfall from other currencies in your wallet in this order: SGD, USD, EUR, GBP, JPY, HKD, AUD, NZD, CHF, SEK

      For example: If you are travelling to Hong Kong (HKD) for holidays next year and the HKD is now low compared to the Singapore dollar, you can store HKD in the wallet for use later.

      An accompanying app on your phone also lets you monitor exchange rates and transactions on the go.

      This is a cashless alternative to going to the money changer and keeping cash at home.

      Some drawbacks of using YouTrip:

      • ATM withdrawal fee (overseas local currency from any ATM): S$5 (declared upfront)
        – DBS and UOB have regional partners that do not charge a fee
      • The minimum top-up amount is SGD$20 and maximum storage limit is SGD$3,000.
      • Daily spending limit of S$6000
      • Inactivity after 12 months (a reminder is sent at 9 months): $5 fee
      • Even with foreign currencies in account wallet, you may be subject to Dynamic Currency Conversion(DCC) by foreign merchants/retailers
      • One-way wallet. Can only empty it by using it up fully at a merchant.
      • Unable to get money back even with termination of card, so deplete remaining money before terminating
      • To avoid “losing” money, pay for your bus and MRT train rides in Singapore with whatever remaining money in the account
      • No termination fee imposed, but user will not be able to sign up for YouTrip again after termination

      What other options are there in the field of MCAs?

      Multi-currency accounts (MCA): UOB MightyFX, DBS MCA, Revolut
      No txn fee ATM cards: CIMB ATM card, Revolut ATM card (coming soon!)

      Verdict:

      Full disclosure, I feel like I have not yet fully exploited the benefits of the YouTrip, but it does look promising so far. YouTrip’s main page is pretty open and states their terms in black and white, which is important to convince people to park their funds in the wallet.

      This YouTrip card is great for frequent travellers, people who love a life-hacking app, and people who believe in carrying no cash but just a card on the go.

      Despite the inability to withdraw your money from the MCA, I like the idea that you can simply deplete the money in the account by paying for train or bus rides.

      Can't decide between Revolut or Youtrip? Read our comparison here: Youtrip vs Revolut - Multi-Currency Cards Comparison

      About YouTrip

      YouTrip is Singapore’s first multi-currency mobile wallet which comes in the form of a prepaid Mastercard. Specially designed for travellers to pay overseas with no fees in over 150 currencies, YouTrip’s app allows you to exchange and store up to 10 currencies in-app so you can conveniently lock-down competitive rates before your trip.

      Contact YouTrip

      • Contact number: +65 6904 9334
      • Address: 80 Robinsons Road, #02-00, Singapore 068898

      Contact us at [email protected] should you require any assistance or spot any inaccuracies.

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