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It’s been just over a year since the last version was published, so just a quick update to the table.

Many cards have removed their special perks including JetQuay terminals, lounge access or other freebies. The amount that you need to spend to get a free limousine ride has also increased.

Looking at the cards best, if you want to get rebates for your overseas spending, then UOB One Card and UOB Visa Signature would be the best as they give 5%-5.33% rebate, which is the best in the market. However, for both cards, there is a minimum spend that you need to hit – $1000 a month for the UOB Visa Signature card and for UOB One Card, monthly spend of $300 or $800 for all 3 months in a quarter.

I would prefer to get miles for overseas spend since there is no minimum spend that I need to fret over, and most of these miles do not expire or they have a relatively long expiry period. For shopping (shoes, bags, or clothes, departmental stores), Citibank Rewards VISA/Master is a no brainer. Just do not exceed the maximum 120k Citi$ that you are entitled to per year.

For other items, the next best in line is UOB PRVI Miles AMEX and DBS Treasures Elite which give 2.4 miles per $1, followed by Citibank Premiermiles,Citi Prestige, Citibank Clear Platinum, DBS Altitude and Maybank Horizon.

 

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4 Responses to The best credit card for overseas use or travel (Version 3)

  1. Andre says:

    Hi Cheaponana you quoted here that UOB One has an overseas rebate of 5.33%, but I can’t find it on the website. is this outdated?

    secondly, i’m researching because i’m expecting to spend over SGD 20k overseas in Indonesia for wedding expenses and i’m wondering how to get the best rebates. any thoughts on that?

    thanks!

    • Cheaponana says:

      Dear Andre
      Thanks for reading! The 5.33% promo has lapsed. Do NOT use the UOB One for your wedding as:
      1. You should spend a maximum of $2000 a month to maximise your returns of 5% rebate
      2. You need to maintain this spending for all the months in a quarter i.e. Apr-May-Jun

      I would suggest you use the Miles cards instead, you get 2-2.4miles per $1 depending on which card you use for overseas spending, and there is no cap so $20k is no problem.

  2. Nitin says:

    I will be travelling to Europe for 2 weeks. I think I will use ANZ optimum mainly for its simplicity and no min spend. I choose dining as my category for the 5% rebate. As dining is a major expense when you are overseas. I think ANZ optimum is simply the best card 🙂

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