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

Investment

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

UOB VISA Signature Card

Investment

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

Investment

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

UOB VISA Signature Card

Investment

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

UOB VISA Signature Card

Related Forums

Investment

What is HSBC's personal loan in brief?

HSBC Personal Loan

Investment

Who are the foreigner that would affected by the changes in the laws of borrowing money?

Investment

Are there free sim plans in Singapore?

Investment

At what age can you get a landline in Singapore?

Investment

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

Investment

How do I buy and sell my bonds?

Related Reviews

Investment

Pleasant Rewards

In my opinion, this card is one of the best cards in the market especially as there are no expiry date to miles earned and an amazing 2 VIP airport lounge access. I love the fact that the card can be used for major big ticket items and to clock mileage. Redemption can be done easily without hassle and customer service staff are very helpful

Citi PremierMiles Visa Card / Citibank Singapore

Investment

This card gives me $80 cash rebates every month.

I fancy the OCBC 365 credit because it has cash rebate of $80, but only after you full fill their criteria. They require a minimum spending of $800 per month which in turn earns interest from different spending. This card suits me just fine being that I have broad spending habit and in the process it gives me $80 cash rebates every month. My only dislike is the rebate on the general spending which is 0.3%.

OCBC 365 Credit Card / Oversea-Chinese Banking Corporation

Investment

Family Package Rewards

My family had a really fun time with the 10% off Siam Adventure Club Family Package Booking which came with breakfast for 2 adults and up to 2 kids with a Kids room setup in room and full access to kids activities. We even enjoyed daily evening drinks for whole family on selected menu from 5pm to 6pm.

HSBC VISA Platinum Credit Card / HSBC Bank Singapore

Investment

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

Investment

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

Investment

Earnings of 1.3 KrisFlyer miles for every S$1 spent locally

This card offers a few thrills if you are one for accumulating miles as you can earn 1.3 KrisFlyer miles for every S$1 equivalent in foreign currency spent overseas on eligible purchases up to S$3,800 each month. On such purchases above S$3,800 each month, you can earn 2 KrisFlyer miles. Furthermore the card allows earnings of 1.3 KrisFlyer miles for every S$1 spent locally in Singapore dollars on eligible purchases up to S$3,800 each month. On such purchases above S$3,800 each month, earnings are 1.4 KrisFlyer miles. Highly recommended for those who seek to accumulate miles.

American Express Singapore Airlines PPS Club Credit Card / American Express International