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

What are Stocks?

Why should I invest my money in Singapore?

At what age can you get a landline in Singapore?

Is it true that foreigners would be subjected to aggregate loan caps?

How much can foreigners borrow under the amendments to the Moneylenders Act?

Should I invest on properties in Singapore?

Related Reviews

Emergency legal and medical assistance

Seldom would you find a card that has your best interest at heart as the AMEX Express Platinum Reserve Credit Card with its Emergency legal and medical assistance even when you are anywhere in the world. You can enjoy privileges around the globe with Live the World and American Express with all round protection against accidental damage or theft for your purchases.

American Express Platinum Reserve Credit Card / American Express International

Spa privileges that come with card membership

I find it very pleasant and rewarding the Platinum Wellness offerings of the AMEX Express Platinum Credit Card as I get to rest and replenish after a hard week at work. I treat myself to spa privileges that come with my Card Membership with spa vouchers from Adeva Spa, Spa Rael and The Ultimate. I do this one’s a week and enjoy up to 40% off à la carte spa services at Adeva Spa, Spa Rael and The Ultimate. Simply relaxing and feels good to be pampered.

American Express Platinum Credit Card / American Express International

Too bad it is not an unlimited cashback card

Unfortunately, the HSBC advance card is not an unlimited cashback card as they have a cap on the cashback per month, even for advance banking clients. Furthermore, if you are not an advance banking client, you would not get subsequent card fee waiver if you do not get to spend at least $12,000 in a year.

HSBC Advance Credit Card / HSBC Bank Singapore

You get 10X points when you shop at retails for babies and children's wear

I would recommend the card for use by people who frequently purchase clothing and electronics and also in particular from known on online merchants like AliExpress, Amazon, Lazada, Shopee and Taobao.You get 10X points when you shop at retails for babies and children's wear, clothes, bags and shoes, department stores, electronics and gadgets; which cover almost all retails. Also the OCBC Reward is a $10 rebate for 3600 points which I think is fare.

OCBC Titanium Rewards Credit Card / Oversea-Chinese Banking Corporation

Consumers earn 2.4 miles per S$1 spend overseas and 1.2 miles on general local spend

OCBC Voyage Card is perfect for well-off consumers with a shifting travel schedule, who want to earn high miles locally and overseas. Consumers earn 2.4 miles per S$1 spend overseas and 1.2 miles on general local spend, which aligns with similar cards. Consumers are most likely to benefit from OCBC voyage card if they spend most of their budget locally, with at least 25% of local spend on dining.

OCBC VOYAGE Card / Oversea-Chinese Banking Corporation

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