Forum
Last updated: 

Is UOB Visa Signature the best card for overseas spending’s?

Unless there is a surcharge imposed by the merchant, I am aware it is free to use the credit card in Singapore, swiping it overseas however entails an explicit cost thanks to foreign currency transaction fees. Am I correct?

User comments

  • user image

    No Name

    If you pick the right card, using your credit card overseas can be quite rewarding. UOB Visa Signature is considered one of the best cards but take note that to earn four mpd on overseas spending, you need to spend a minimum of S$1,000 in FCY in a given statement period, and the 4 mpd is capped at S$2,000 of FCY. You also need to ensure that the payment is processed outside of Singapore. One final note of warning, exercise caution when using your card overseas. It is best practice not to leave the magnetic stripe activated longer than it has to be, and always monitor your statement closely in the months after returning. If you’re asked if you would prefer payment in SGD, kindly decline to the offer.

    2019.08.01 2:42

Please leave your knowledge and opinion!

Recommending Forums

Hello guys I have forgotten my UOB Visa Signature Card, what do I do?

UOB VISA Signature Card

I just got my first card ever and it’s a UOB Visa Signature Card, Can I use it as it’s un-activated to perform transactions at the ATM?

UOB VISA Signature Card

What is the MyInfo feature by UOPB Visa Signature Card all about?

UOB VISA Signature Card

My data populated on UOB’s application form is incorrect. How do I change it?

UOB VISA Signature Card

Related Forums

How should I invest on my medical supplements using a credit card?

What exactly does liquidation do for me and why would I ever consider?

What are the different SmartPhone devices that I need to start a business using my smartphone?

How do U apply for a telephone line in Singapore?

Should I invest on properties in Singapore?

What are the different types of stock?

Related Reviews

I can enjoy Interest rates starting from 5.80% p.a.

I love that I can enjoy Interest rates starting from 5.80% p.a. (EIR 11.38% p.a.) on their 12-month instalment plan which allows for fixed monthly repayments.The monthly repayment for your Cash-on-Instalments is fixed, allowing you to manage your finances with ease of mind. That works perfect for me as it helps me to be more organized and I give them thumbs up.

NTUC Plus! Visa Credit Card / Oversea-Chinese Banking Corporation

Earn rebates in the form of cash rebates and LinkPoints by shopping at NTUC

Even as the OCBC Plus! Visa is not a cashback card, thus there is no cap, or "maximum" cash back, you get to still earn rebates in the form of cash rebates and LinkPoints by shopping at NTUC. However do note that there is a minimum spend of $500 in places outside NTUC before the full range of rebates and LinkPoints can be unlocked.

OCBC Plus! VISA Credit Card / Oversea-Chinese Banking Corporation

5% year-round cash rebates on dining, groceries, petrol and more

For me nothing beats the 5% year-round cash rebates on dining, groceries, petrol and transport (that is taxis, ride hailing, trains and buses inclusive), locally and overseas when you spend minimum S$600 per month. And the cash rebate is capped at S$150 per month. So if you don’t drive, not to worry as you can enjoy 5% cash rebate for your transportation needs, be it a taxi ride, a booking made via ride hailing apps, or trains/buses.

HSBC Premier MasterCard / HSBC Bank Singapore

Complimentary Night Stay a Success

Very impressed by the complimentary night stay I got after I made bookings for a five nights stay at a resort I spent my birthday at in Malaysia. Even more pleasing was the complimentary golf games at a high quality golf courses in Malaysia. As a matter of fact, I had as much as six complementary golf games.

Citi Cash Back Visa Card / Citibank Singapore

Spend S$1,500 in the first 3 months to receive 24,000 Membership Rewards points

The welcome bonus with this card is quite mouth-watering. Simply spend S$1,500 in the first 3 months to receive 24,000 Membership Rewards points. That you will find to be enough points to redeem for S$110 cash credit. Plus you can see the points add up with 100% bonus points on all spend in your first 3 months of Card Membership. I have been using this card now for 6 months and am yet to find reasons to complain.

American Express Rewards Card / American Express International

Close to 6.5% rebates on dining

I have held this card for quite a long time and one thing I like about the card is the fact that it is used for CapitaLand malls and they are almost everywhere. So I enjoy dining taking advantage of the 10x rewards merchants to accumulate the points faster. Imagine getting close to 6.5% rebates on dining. Not to forget their sign up bonus of $60 rebates in vouchers when you spend $1,500. That's a 4% rebate excluding the points you will earn which will convert into vouchers too.

American Express CapitaCard / American Express International