Best Cashback Credit Cards for Overseas Spending Comparison

 

Best Cashback Credit Cards for Overseas Spending Comparison

Credit Cards Overseas Transaction Fees

Credit cards typically charge 2.5% to 3.5% for overseas transactions in a different currency. These transaction fees are usually lower then the merchant's exchange rate. Hence, it makes sense to charge your purchases in a foreign currency when abroad and use the credit card's exchange rate instead of the merchant's exchange rate. As a general rule of the thumb, MasterCards and Visa Cards have similar transction fees while American Express Cards have the highest transaction fees.

Benefits for Using Credit Cards Overseas

Despite the transaction fees, banks often tangle attractive cashbacks for using credit cards abroad. These cashbacks can sometimes more than offset the transaction fees involved. To make things easier for comparison, the table below will summarise the rate of cash rebate for using various cashback credit cards abroad as well as the minimum requirements needed to qualify for the cashback.

sponsored links

Credit Cards Cash Rebate for Overseas Spending Comparison Table

Credit Card Issuer and Type of Credit Card Minimum Requirements / Conditions Rate for Cash Rebate

CIMB Platinum MasterCard

Minimum spend of $500 with at least 8 transactions of min $30 each in a month

Earn 10% rebates on travel expenses only

Maybank Family & Friends Card

Minimum spend of $1000 or $300 in a month

Earn 8% or 5% cash rebate at leading petrol stations and hypermart in Malaysia only

BOC Family Card

Minimum spend of $500 in a month

Earn 7% cashback on overseas dining only

UOB Visa Signature Card

Minimum spend of $1,000 per statement period

Earn 5% cash rebate or 10X UNI$ per $1 overseas spend

POSB Everyday Card

Minimum spend of $1,000 in a month

Earn 5% cash rebate on overseas spend

OCBC 365 Credit Card

Minimum spend of $1,000 in a month

Earn 5% cashback on overseas spend. Earn 3% cashback if minimum spend not met.

UOB One Card

Minimum monthly spend of $2000 for all 3 months in a quarter

Earn 5% cash rebates on all transactions

ICBC Unionpay Dual Currency Card


ICBC Visa Dual Currency Card

Minimum spend of $500 a month for all 3 months in a quarter. Cashback only applicable on spending in excess of $500 each month

Earn up to 2% / 5% / 8% cashback for 1st / 2nd / 3rd month in a quarter on all spend in excess of $500 for each month

ICBC Global Travel MasterCard

None

Earn 3% cashback on overseas spend

ICBC Koipy Dual Currency Card

Minimum spend of $1,000 in a month

Earn 3% cashback on all spend

American Express True Cashback Card

Maximum spend of $5,000 for first 6 months

Earn 3% cashback on any purchase

Standard Chartered MANHATTAN World MasterCard

Minimum spend of $3,000 in a month

Earn 3% cash rebate on all spending

Maybank Platinum Visa Card

None

Earn 3% cashback on overseas spending

CIMB Visa Infinite Card

Minimum spend of $2,000 per statement period

Earn 2% cash rebate on overseas spending

UOB UnionPay Card

None

Earn 2% cash rebate on all spending

 

Best Cashback Credit Card for Overseas Spending

The UOB Visa Signature Card gets our vote for the best credit card for overseas travel. The main reasons are due to the card having a low minimum requirement of S$1,000 overseas spend to qualify for the high 5% cash rebate which will more than offset any overseas card usage transaction fees. Lets also not forget that the 10X UNI$ is also equivalent to 4 air miles per $1 overseas spend, which helps the card to a double accolade of also being the best mileage Credit Card for Overseas Spending.

 

Add Review or Comment

* Required information
1000
Captcha Image

Reviews or Comments (2)

Ave. Rating:
5/5 (2)
Topic: Best Cashback Credit Cards for Overseas Spending
Sort By
 
Gravatar
New
Winston
Gravatar
1
0
0
Oct 2017
Winston says...

Very useful for travellers.

Gravatar
New
Jerry
Gravatar
2
4
2
Oct 2017
First Poster
Jerry says...

Just what I was looking for. Not easy to find an extensive list of cards for overseas spend.

 

 

sponsored links

Featured Cards

Standard Chartered Spree Card

Standard Chartered Spree Credit Card Enjoy up to 22.3% cashback for petrol, 3% cashback for online spend & 2% cashback for all other spend. Apply and receive up to $138 cash credit

Amex True Cashback Card

American Express True Cashback Card Receive up to 3% cash rebate on everything you buy with no minimum spend required.



sponsored links

Search & Social Media

money lobang facebook page money lobang twtter page money lobang instagram page money lobang youtube page money lobang pinterest page money lobang linkedin page

Subscribe to our Newsletter

Be the first to know about the latest promotions for bank deposits, credit cards and online discounts.


Recommended Review

Credit Cards Signup CashBack Comparison

Singapore Credit Cards Signup Promotion Comparison - Compare Cashback Cash RebateThere is nothing better than cold hard cash as an incentive for a credit card signup but nobody really bothers to compare...


Discount Codes

Hotels.com Singapore Coupon Discount Codes

Singapore Promotion Hotels.com Coupon Discount CodesSave up to 50% on deals at popular destinations worldwide with our exclusive Hotels.com discount codes



All About Money

Singapore Savings Bonds vs Fixed Deposits

Singapore Savings Bonds vs Fixed DepositsThe latest issue of Singapore Savings Bonds (SSBs) have average yields of 1.26% per annum for a 1 year holding period...

.