Best Mileage or Reward Points Credit Cards for Overseas Spending

 

Best Mileage or Reward Points Credit Cards for Overseas Spending

Cashback Credit Cards vs Mileage Credit Cards for Overseas Spending

Although Cashback Credit Cards for Overseas Spending can sometimes more than offset any overseas bank transaction fees involved, the minimum spending requirements could be a huge deterrence. Cardholders looking for other options might be be more inclined to use mileage or reward points credit cards instead to chalk up those miles or reward points and at the same time not be restricted with minimum spending requirements. Miles or reward points awarded for spending on credit cards also take years to expire or better still, no expiry date at all in certain cases. Taking into consideration the mentioned benefits, let us take a closer look at how the various mileage or reward points credit cards stack up against each other in the table below.

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Mileage or Reward Points Credit Cards for Overseas Spending Comparison Table

Credit Card Issuer and Type of Credit Card Minimum Requirements / Conditions Mileage Earn Rate

OCBC 90°N Card

Only until 29 Feb 2020. Mileage earn rate to decrease to 2.1 air miles per $1 foreign currency spend thereafter

Earn 4 air miles or 4 Travel$ (4.00% cash rebate) per $1 spend in foreign currency

UOB Visa Signature Card

Minimum spend of $1,000 per statement period

Earn 4 air miles or 10X UNI$ (2.00% cash rebate) per $1 overseas spend

Citibank Rewards Visa / MasterCard Card

Only eligible for retail shopping overseas

Earn 4 air miles or 10X Citi ThankYou Points (2.38% cash rebate) per $1 overseas spend

OCBC Titanium Rewards Card

Only eligible for shopping for babies and children’s wear, department stores, clothes, shoes and bags, electronics and gadgets and personal care

Earn 4 air miles or 10X OCBC$ (2.78% cash rebate) for every $1 overseas spend

UOB Lady's Solitaire Card

UOB Lady's Card

Only eligible for overseas spend that qualify and chosen as a preferred category. Categories include fashion, beauty and wellness, travel, dining, transport, entertainment and family

Earn 4 air miles or 10X UNI$ (2.00% cash rebate) per $1 overseas spend

BOC Elite Miles World MasterCard

None

Earn 3 air miles per $1 overseas spend

Standard Chartered Visa Infinite Credit Card

Minimum spend of $2,000 in a statement cycle

Earn 3 air miles or 7.5 points (2.34% cash rebate) per $1 overseas spend

UOB PRVI Miles World MasterCard Card

UOB PRVI Miles American Express Card

UOB PRVI Miles Visa Card

None

Earn up to 2.4 air miles 6X UNI$ (1.20% cash rebate) per $1 overseas spend

DBS Treasures Black Elite American Express Card

None

Earn 2.4 air miles or 6X DBS Points (1.00% cash rebate) per $1 overseas spend

OCBC VOYAGE Visa Infinite Card

None

Earn 2.4 VOYAGE miles per $1 overseas spend

Standard Chartered Visa Infinite X Card

None

Earn 2 air miles or 5X Points (2.00% cash rebate) per $1 spend

Citibank PremierMiles American Express Card

Citibank PremierMiles Card

Citi Prestige Card

None

Earn 2 air miles or 2 Citi Miles (1.43% cash rebate) per $1 overseas spend

Maybank Horizon Visa Signature Card

None

Earn 2 air miles or 5X Treats Points (1.47% cash rebate) per $1 overseas spend.

UOB Visa Infinite Metal Card

None

Earn 2 air miles or 5X UNI$ (1.00% cash rebate) per $1 overseas spend

American Express SIA KrisFlyer Ascend Card

American Express SIA KrisFlyer Card

Only during the month of Jun and Dec

Earn 2 air miles per $1 overseas spend

DBS Altitude Visa Signature Card

DBS Altitude American Express Card

None

Earn 2 air miles or 5X DBS Points (0.83% cash rebate) per $1 overseas spend

 

Best Mileage or Reward Points Credit Card for Overseas Spending

The flexible UOB Visa Signature Card gets our vote for being the best mileage credit card for overseas travel. Its 10X UNI$ earn rate for overseas spend can also be converted to 4 air miles per $1 overseas spend or 2.3% cash rebate. The low minimum spend of $1,000 in foreign currencies is also not a big deterrence if you consider the fact that tourists usually spend more than $1,000 overseas. However, cardholder should take note that the 10X UNI$ earn rate is capped at a relatively low $2,000 (4,000 UNI$) spend in a statement month.

Alternatively, one can also consider the OCBC 90°N Card which also offers 4 Travel$ or 4 air miles per $1 foreign currency spend or an equivalent 4% cash rebate. With no minimum spend, no maximum cap on miles earn, zero conversion fees and redemption of miles starting from low blocks of 1,000 miles. it is superior to the UOB Visa Signature Card in every way except for the fact that the mileage earn rate of 4 Travel$ or per $1 foreign currency spend expires on 29 Feb 2020. Coupled with OCBC's annoying habit of shifting the goalposts to make it difficult for cardholders to earn cashback and miles after a promotional period makes us reluctant to declare a victory for the OCBC 90°N Card. Comparatively, UOB Visa Signature Card 10X UNI$ earn rate for overseas spend been constant from Day 1 of card launch and has helped UOB secure its status as one of the more transparent and reliable card-issuers around.

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