Singapore may be an attractive travel destination, yet its proximity does not make it accessible for many visitors. Therefore, selecting an appropriate credit card when visiting Singapore is crucial to making sure you can reach your travel goal with ease.
Travel credit cards provide many attractive rewards and benefits; let’s look at a few that could come in handy, some even waiving foreign transaction fees!
Rewards
Travel credit cards provide many rewards that can save money on flights, hotel stays and dining experiences. Some feature generous welcome bonuses that quickly turn into free travel while others allow users to transfer points into miles with multiple airline partners.
The DBS Altitude AMEX Card allows you to earn 10 air miles for every dollar spent on hotels or bookings through Agoda or Expedia online travel sites, 2 air miles for every Singapore dollar spent locally, and 1.2 air miles when spent abroad.
If you’re searching for a card that provides excellent exchange rates without charging foreign transaction fees, check out either the HSBC Everyday Global Travel Card or Bankwest Breeze Platinum. Both cards don’t charge an annual fee and offer fantastic exchange rates for Singapore Dollar transactions as well as contactless and mobile functionality to enable tap and pay payments. These cards could save hundreds in currency conversion fees as well as avoid costly ATM charges overseas.
Fees
Get the best travel credit card means keeping fees to a minimum. One way of doing this is selecting cards without annual or foreign transaction charges; additionally, avoid cards with high cash advance fees.
Many of Singapore’s best travel credit cards provide rewards for both local and overseas spending, including waiving foreign transaction fees. Maybank Horizon Visa Signature, for instance, rewards users 3.2 miles for local spending such as dining and taxi rides from Grab, with 2 miles accruing internationally for spending. Furthermore, this card comes equipped with complimentary travel insurance and airport lounge access – perfect for frequent travelers!
HSBC Global and Citibank Plus cards both provide excellent exchange rates between Singapore dollars and overseas currencies, and allow you to withdraw cash without incurring ATM fees at overseas ATMs. If you prefer debit cards instead, consider ones without international transaction fees such as YouTrip or Wise cards for added peace of mind.
Security
Credit cards provide a safe and straightforward method of paying for international trips. No matter whether it’s business or pleasure travel, credit cards offer time and cost savings while offering rewards or rebates that could potentially save even more time and money in travel expenses.
Some cards provide free travel insurance coverage to help cover unexpected events; however, not all do. Make sure to read carefully through any new card before signing it up as not all will offer it.
Travel debit cards provide another solution, helping reduce foreign transaction fees and providing you with an optimal exchange rate. For instance, the Wise Travel Card lets you store up to 40 currencies, withdraw cash without incurring ATM fees abroad and provides the best exchange rate online purchases and over-the-counter international transactions – it’s even free at airport kiosks and most banks!
Apps
Singapore is one of the world’s most financially secure and prosperous city-states, known for being card-friendly but having cash handy is essential for tipping and small purchases.
Avoid costly foreign currency exchange fees and ATM withdrawal charges with the Capital One VentureOne Rewards Credit Card in Singapore, which earns you miles with every purchase and allows cash withdrawal from bank-owned ATMs without operator fees.
Travel debit cards can also be an ideal solution, particularly if you plan to spend abroad frequently. One such card, such as the Wise Travel Card, features more than 40 currencies with zero FX fees when withdrawing at ATMs or shopping online; additionally you can load extra travel perks onto it via EZ-Link eVouchers; plus, they allow control of cards and balances through an app.
