It’s the peak travel period this time of the year and online retailers are all enticing shoppers with wonderful deals as they try to clear their stock. The one day that a lot of people are looking forward to would be Boxing Day, where there would be massive reduction on prices. For those of us who are unfortunately stuck in Singapore, online shopping may help bring some relief. So what cards would be good for overseas spending?
Looking at the following table comparison the 3 credit cards (non-miles) offering an accelator for overseas spending, Maybank definitely stands out from the other 2 due to the higher rate in terms of cash rebate. However, one has to bear in mind the points will expire in a year. To overcome that, just sign up for Rewards infinite, which is free with $18000 spent in the preceding year.
|CIMB Platinum Card||1% cash rebate||1% cash rebate||No monthly cap|
|Maybank Horizon Card||5X Treats Points||2.63% cash rebate (9500 points = $50 cash rebate)||Instant cash rebate at Courts, AudioHouse, John Little, Robinsons, Marks & Spencer, Mustafa, Tangs, OSIM
Points expire either in Jun or Dec next year, 1 month grace for redemption (no expiry for Rewards Infinite members)
|OCBC Titanium Card||1. 3X OCBC Points2. 5X OCBC Points if > $1.5k||1.36%/2.27% cash rebate (11000 points = $50 cash)||Promotion till 30 Jun 132. Promotion from 1 Nov – 31 Dec 12, 1st1000 customers onlyOCBC points valid for 60 months from time of earn|
The miles cards are also accelators when it comes to overseas spending. So long as you charge to a foreign currency, you will get the bonus points. Looking at the below table, ANZ definitely stands out from the rest if you spend a lot overseas. However, since UOB has a current promotion, make full use of it and you get 3 miles per $1 spent. This is only valid till end of this year.
|ANZ Travel Visa Signature Card||$1 overseas = 2.8 Travel$||5 year validity for Travel$||1 Travel $ = 1 Mile|
|Citibank Premier Miles||S$1 overseas = 2 Citi miles||No expiry||1 Citi Mile = 1 Mile|
|DBS Altitude Visa Signature||$1 overseas = 2.4 miles (If >$3000)||No expiry||Promotion till 31 Dec 2012|
|UOB PRIVI Miles Platinum AMEX||$1 overseas = 3 miles (till 31 Dec 12)/ 2.5 miles ( from 1 Jan 13)||Promotion till 31 Dec 2012|