A SIMPLER alternative to YouTrip for Travel
ฝัง
- เผยแพร่เมื่อ 5 ก.ค. 2024
- If you're not already using a multi currency card for travel, Trust Bank could be your go to for the best exchange rates better than using a bank debit or credit card for your overseas travel expenditures. Simpler and more straightforward as compared to YouTrip.
After using this in the past few months of travelling it has helped me to save on the dynamic currency conversion fees and the foreign currency spread when you charge to a credit card. AND with it being a credit card, you get to charge your expenditures on this card and only pay it when the statement is due. Whats even better? The statement due date is determined by YOU!
Visa Currency Rate Check - usa.visa.com/support/consumer...
Multi Currency Cards for Travel (ranked to 'best rates')
🌟 REVOLUT ➡️ bit.ly/3UHBgPZ
🌟 WISE ➡️ Fee free transfer / conversion on first S$900 - bit.ly/3T0MAph
🌟 YOUTRIP ➡️ Receive $5 on first top up - bit.ly/3uueoch
🌟 TRUST BANK ➡️ Receive $35 NTUC Voucher - Referral Code: 69F3T6UM
🌟 INSTAREM ➡️ bit.ly/49fngBD
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📚 The Pathless Path - amzn.to/3vxYqOu
📚 The Psychology of Money - amzn.to/3vB4g1p
📚 Die with Zero - amzn.to/3ShqkHb
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Disclaimer
Hey guys, I just wanted to mention that with all the videos I've posted to-date it should not be taken as financial, investment or trading advice. All views expressed in the videos are that of mine. Remember to always do your own research before making any decision. All that I've mentioned in the videos are ways and how it has helped ME in my personal finance journey. I hope you take away snippets of insights and if it can be applied to your financial situation that'll be great. I do not represent and will not be liable in any way for the decisions you make after watching the video. 🫡
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TIMESTAMPS:
00:00 - Introduction
00:20 - What is Trust Bank?
03:45 - Why is it better than YouTrip
multi currency card for travel
youtrip
trust bank
#personalfinance #travelhacks - แนวปฏิบัติและการใช้ชีวิต
Thanks for the intro, Demi. Just used your referral code to apply the card.
Thanks for the explanation for such noob like me thought is just another credit card. Didnt expect that i could use it overseas till i see your video ❤❤
Glad I could help!
Thank you Demi for the sharing ! 🙂
Actually is there any eligibility to apply for Trust Credit Card?
Thank you for sharing this 😀😀
Thanks for the valuable information
When can receive the trust card
Keep up the good work
Hi, can I clarify that for both Trust Bank debit card and credit card used overseas, we will get the same best exchange rates? Or was it the best exchange rates only applies to their credit card only?
Both!!
Do you sign up for a debit or credit card if you want both functions and don’t have an existing standard chartered bank account?
Independent of whether you have a sc bank account. Yes sign up for both
Wow this is beautiful knowledge, can you make a comparison between trust card and wise card for travelling. Have been using wise for travel
Coming up~
hi,
If lets say if i spend 1million JPY in japan (subjected to the limits of my trustbank credit card limit) overseas in japan. will there be a charge of anything ? like overseas charge fee. or is it just a regular jpy-> sgd conversion (then my side i will just repay it via SGD like any credit card).
advantage is that the conversion is great and theres no extra charges, m i correct? (unless the vendor charges me extra during point of payment, but that is another story)
No charge. If you use the CC feature then yes, pay it off when the statement is due.
Any chance you know if I have trust card on Apple Pay, that I can use it contactless via my iPhone or Apple Watch in Korea?
If they accept paywave should be fine but more often than not I realise korea uses the chip more often
@@DemiZhuang got it. Thank you!
Work permit any possible to open this account
Are foreigners, who are not residing in Spore, eligible to open a savings account and apply for the debit and credit card?
no
hii at 2:03 u mentioned that trust bank will only give you 1 physicall card that can be controlled/ swticed for the usage by the trust app? how to activated the credit card when i want to ise the physical card?
Toggle in the app, you can switch there under manage card!
Very useful channel 👍🏻👍🏻
Thank you!
hi im going to south korea tmrw and have signed up for youtrip and revolut. however, my youtrip card has not arrived 😢 what are your thoughts on paying via revolut card in korea? i know both these multi currency cards do not support korean won, hence, when paying, they will on the spot exchange your sgd to korean won.
Hello, I have not tried Revolut overseas so can’t say for sure.
@@DemiZhuang :(
anyone using trust card for europe?
Hi, can I confirm that I can use the trust card set as credit card and spend w/o any additional charges overseas? Both debit n credit card work the same way?
Yes
Thks....so if use credit card overseas is there any cashback or rewards points?
the link points are still given as mentioned in the video.
Hi, about the trust T&Cs - there's just one line that confuses me: The foreign currency withdrawal amount will be converted from US dollars into Singapore dollars at the foreign exchange rate provided by Visa with no fee from Trust (and if it's not in US dollars, it'll first be converted to US dollars). (2) We'll process the Singapore dollar amount on your credit card.
Does this mean if I'm withdrawing KRW, they change SGD - USD - KRW first? Or is it negligible?
Thank you!
Negligible :) what you see at the end is still just the sgd - krw
@@DemiZhuang actually there is a difference when KRW is converted to USD before converting to SGD. You have to pay slightly more money in SGD. That's how forex works, and why USA wants the world to keep using USD. So that they can earn that extra from conversion.
I'm going to Taiwan soon, is it better to withdraw from the ATM there or exchange in SG first?
For Taiwan I'd still change money in advance.
@@DemiZhuangerm.. sorry i don't understand..if it's better to change taiwan dollar in sg first, then what's the point of getting the trust card for Taiwan trip?
For Taiwan Cash is better.@@knockitdown20
For Taiwan, cash is better than using Trust. How about Australia? And New Zealand? Thank you.
May I know if sign up for Trust card need to sign up for NTUC card?
Nope
In your opinion, it is more worth it to clock overseas expenses on miles earning card or to use trust card in the long run, for someone who travels once or twice leisurely a year. Very useful video and gave me the confidence to use trust card in my upcoming taiwan trip.
😂 personally, I would just use trust or youtrip.. using a bank card just to clock miles rewards isn’t worth it to me. The exchange rate for a bank’s credit card is quite bad
hi how to toggle bw credit n debit card in the app? tk u!
You have to have the savings account for the debit card. It’ll be at the manage card area
i was thinking say if i withdraw using credit card but i pay it off immediately then would i still incur any charge since there’s no cash advance fees
Haha why do that when u can just switch to the debit and withdraw. Less hassle IMO
@@DemiZhuang haha ah! cause initially i had only applied for the credit card as i didn’t think i would have any use for the savings account. i was overseas then and had both cards with me, i had already withdrew from youtrip the day before and needed to withdrew again but didn’t want to incur a second charge. but since i didn’t have a savings account i had wanted to try withdrawing from my credit card n paying it back immediately xD i didn’t end up trying cause i haven activated my physical card n i couldnt locate the nfc on my iphone xD
Haaha but anw I think if you already hold the CC opening the savings account will automatically allow you to have the debit card option to switch! For me it was rather immediate when I decided to open the savings acc. Can do it overseas also.
Wouldn’t revolute be a good recommendation as well. Monthly 350 SGD for oversea withdrawal.
And also the exchange rate is even better !
Didn't compare with Revolut and Wise. Too many to do so then, maybe next time. Trust and YouTrip works great thus far.
Where you check the exchange rate?
usa.visa.com/support/consumer/travel-support/exchange-rate-calculator.html
Does Trust Card allows transfer back to my bank account?
Yes
Hi . So you mean the saving rate for trust bank is 1.5
without doing anything yes 1.5%
Hi, how do I switch the Trust Bank credit card to debit card?
Do you have the savings account? If yes, under manage card you can see the option to switch.
@@DemiZhuang Hi Demi, does it work when I am overseas, does it require otp of sort which would be impossible to do so when overseas? thank you
Nope
Do I need a physical card when I use it oversea
Yes
I thought can add the Trust credit card into Google pay ?
Currently I am holding trust link card but not a credit card. Can I still use for oversea?
Ya lor trust card can be used as a debit or credit card as per the setting in the Trust app
yes , trust debit card has the same overseas usage features as its credit card. You can use it overseas and it will just deduct sgd from your savings account
‘Kelvin learns investing’ from youtube says rmbr to convert trust card to debit card when overseas, is a must!
@@iam-we6lj why
@@joycie6567 to avoid unnecessary charges, i think demi also mentioned here
Hi I register using the referral and got the card, but can I withdrawal the money from atm in Singapore ?
Yes. Standard chartered bank
Trust Bank doesn't show the exchange rate at the point of usage. On this part Youtrip is more transparent. That being said, Youtrip doesn't support certain countries like Korea. Correct me if I am wrong. Still a noob when using these cards,
Correct but you can check for trust bank on visa website, same for youtrip, mastercard website.
@@DemiZhuang aahh, thank you. More enlighten now.
@@DemiZhuang Do u have any issue claiming VAT refund in Korea as the Trust Card doesn’t have cc numbers on the card. I’m currently in Korea and have problem using the self service refund machine. The machine at Coex Mall is unable to read the card earlier.
I didn’t have an issue for mine though but the card I refunded to wasn’t the trust card. It was my uob evol card
@@DemiZhuang thanks for your reply. I shall try it out at Incheon airport during my departure. Fingers crossed.
Withdraw rate is not as good as youtrip. Tried in Japan in January 23
Hence it depends too if you factor in youtrip $5 fee to withdraw + ovs atm withdrawal fee, is this cost < than the difference in exchange rate.
@Demi Zhuang yeah depends. I rmb at that point when i want to use Trust withdraw cash from jpn 7-11 atm. The atm will prompt saying the rate 96 and 100 yen fee. At that point youtrip is 98 range and 500 yen. So i reco only usage of swipe but not withdrawal.
Hi, for Japan, if the withdraw rate not as good, what about the conversion rate on Trust credit/Debit card? or is it the same rate both? Thanks.
🎉
Same surname! Haha
@@DemiZhuang yes, 庄？
@@jonathanzhuang216 nope another zhuang haha.