I will PROVE the Best Card to Spend on Overseas Travel
ฝัง
- เผยแพร่เมื่อ 31 พ.ค. 2023
- Sponsor: 🐂 Webull Singapore hmsg.link/sgwebull
💴 Instarem Amaze Code: NhkWBH hmsg.link/amaze
🙏 Trust Bank Code: HUQPC614 www.trustbank.sg
💳 UOB EVOL hmsg.link/uobevol
💳 SCB Journey (Singsaver Pay) hmsg.link/scbjourneypay
💳 SCB Journey (Singsaver Free) hmsg.link/scbjourneyfree
💳 SCB Journey hmsg.link/scbjourney
☯️ YouTrip ($5 Bonus) hmsg.link/youtrip
📙 Advanced Credit Card Mastery Course: hmsg.link/accm
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🔭 Telegram Group: t.me/HoneyMoneySG
📷 Instagram @HoneyMoneySG / honeymoneysg
🎵 TikTok / honeymoneysg
📧 Email (Business only): sghoneymoney@gmail.com
INVESTING
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CREDIT CARDS & PAYMENT APPS
💳 Credit Cards Affiliate Links (Singsaver gifts) t.me/sgpromocode
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💳 CardUp Code WAIKITC316 app.cardup.co/users/sign_up
LIFESTYLE
🎮 Sony PS5 hmsg.link/ps5
🛍 Lazada hmsg.link/lazada
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🛍 Shopback $5 Code: caQmJa hmsg.link/shopback
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🛒 NTUC Union hmsg.link/ntucunion
ROBO-ADVISORS
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🦉 MoneyOwl Code: 8JPW-62FZ hmsg.link/moneyowl
🤖 Endowus hmsg.link/endowus
BUSINESS
💼 Free Incorporation Service (+16% OFF Osome services) hmsg.link/osome
🦅 AMEX Highflyer Card hmsg.link/highflyer
☯️ YouBiz $50 Code: zi94mVNK @ hmsg.link/youbiz
TRAVEL
✈️ Klook hmsg.link/klook
✈️ Airasia App hmsg.link/airasiaapp
✈️ MSIG Travel Insurance hmsg.link/msigtravel
✈️ Allianz Travel Insurance hmsg.link/allianztravel
✈️ Starr Travel Insurance hmsg.link/starrtravel
✈️ TIQ by Etiqa Code R56612 hmsg.link/tiq
PROFESSIONAL SERVICES:
🤝 DareToFinance Fin Planning hmsg.link/daretofinance
🏠 Book a call with Ohmyhome hmsg.link/ohmyhome
Disclaimer: The information provided in any affiliate referral or recommendation should not be considered as financial advice. The content is for general information purposes only and does not take into account your personal financial situation, goals or objectives. You should always do your own research and seek professional advice before making any financial decisions. We may receive compensation for affiliate referrals, but this does not influence our recommendations or reviews.
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Spot Exchange rate as of 29 May 2023 (Mon) = 3.40
Markup = Difference from spot, including Foreign currency fee, FX spread, card charges.
3% Markup from 3.40 = 97% * 3.40 = 3.3
Trust Card: SGD 29.50, Rate 3.39
- 0.3% Markup from Spot
- Low cost, almost zero markup
- 0.22% back in Linkpoints for non-FPG spend
- Net return = 0.22%-0.3% = -0.08% Negative
- Best use for students or people not using credit cards
Instarem Amaze
With Citi Rewards Card: SGD 30.03, Rate 3.33
- 2.1% Markup from Spot
- Fairly high cost, but lower than bank credit cards
- Earns 10x points or 4 mpd + 1% Instapoints (30 SGD = 30 pts)
- Value of mile 1.25 cpm, 4 mpd = 5% Cashback
- Net return = 5% + 1% - 2.1%. = +3.9% Positive
With Amaze Wallet: SGD 29.50, Rate 3.39
- 0.3% Markup from Spot
- Low cost, same as Trust
- Top-up wallet using Mastercard with no fees
- Earns 4% Instapoints for transactions between S$10-S$125. 116 pts for $29.50
- Net return = 4-0.3 = +3.7% Positive
With UOB EVOL card: SGD 30.46, Rate 3.28
- 3.5% Markup from spot
- Highest cost
- Earn 6.6% Effective cashback with min spend $600 and qualify for UOB One account interest
- Net return = 6.6 - 3.5 = +3.1% Positive
Final Rank
1. Amaze with CRMC +3.9%
2. Amaze with wallet +3.7%
3. UOB EVOL +3.1%
4. Trust -0.08%
Try out with SC Journey card starting Jun
- 2 mpd for foreign currency spend
- Foreign currency fee of 3.5% rebated 2 months after promotion period
#Sponsored #Webull
Sponsor: 🐂 Webull Singapore hmsg.link/sgwebull
💴 Instarem Amaze Code: NhkWBH hmsg.link/amaze
🙏 Trust Bank Code: HUQPC614 www.trustbank.sg
💳 UOB EVOL hmsg.link/uobevol
💳 SCB Journey (Singsaver Pay) hmsg.link/scbjourneypay
💳 SCB Journey (Singsaver Free) hmsg.link/scbjourneyfree
💳 SCB Journey hmsg.link/scbjourney
☯ YouTrip ($5 Bonus) hmsg.link/youtrip
📙 Advanced Credit Card Mastery Course: hmsg.link/accm
☕ Buy from my Ko-fi shop: hmsg.link/shop
🔭 Telegram Group: t.me/HoneyMoneySG
📷 Instagram @HoneyMoneySG instagram.com/honeymoneysg
🎵 TikTok www.tiktok.com/@honeymoneysg
📧 Email (Business only): sghoneymoney@gmail.com
Thank you so much. This is good stuff. I appreciate your time and effort to research and make this awesome video❤
you should put a caveat on the the option 2 (amaze wallet) cos it's time limited promotion.
Which is better paying from USD wallet from multi currency account using debit card or using credit card in overseas?
Chris, can make a video about Citi pay all. I have use your code for the amaze and trust bank. Haha
Have been using UOB EVOL / OCBC Frank / Instarem Amaze for my overseas spending. Agree that after taking into account of the high rebate, the "Exchange Rate" is indeed much better. That said, I use Trust on some of my overseas spending for eg, on Car Rental which cost way above the $500 because the EVOL / Frank has cap on the rebate per category and it's a category that doesn't earn me high rebate on my CC when paired with Instarem Amaze.
Will be checking out the SC Journey! Thanks!
Bro is it possible for a S pass holder in Singapore can afford a credit card ,if it's possible can you suggest me the better bank for it 🙏
And one suggestion it will be nice if you change the mic into a smaller version!
Some of us just want a simple card.
Nice, so many card applications. Btw, does Citibank still require 2 identification documents to apply for their card ? Your ID is insufficient to apply for their card ?
Just use Singpass is good
@HoneyMoneySG BTW Mastercard link to Amaze card is better than Visa due to commission differences?
Can only link Mastercards to Amaze, not VISA
@@HoneyMoneySGok, nice thanks
Can talk about amex platinum charge card..thank
The idea that 4 miles per dollar is equivalent to 5 percent cashback is flawed because not everyone wants miles.Reward Points can be converted to cash at a rate of 2.27 percent. So the actual return is 2.27 - 2.1 which is only 0.17 percent. Not to mention there are caveats to go through for Amaze/Citi Rewards while It is hassle free for Trust.
What caveats? And isn't +0.17% still better than -0.08%?
u forget it is (2.27% + 1%
For people without city credit cards, Instarem and Trust is basically the same since the 3.7% is only during promotion period
come on instarem amaze need to spend at least 2k non sgd spending to even get cashback and instapoint expire in 12 months. First I won't even include instapoint in the calculation due to the high spending amount. Second for mile per dollar you can only use it once you accumulate enough miles before the expiry so it make no sense for low spender. So how much money you have to spend per year to get that 3.9% worth of realise saving. What work for you doesn't mean it work for others. I will recommend you create video like kelvin, cater different group of people with different spending instead of insist with your own ideology .
FYI. not a hater. I got to know instarem amaze card thru your video and I did use your referral link when i first sign up. But after nerf on instarem amaze and the now bad exchange rate I totally given up on it..
Even if you exclude the 1% rebate, the credit card rebates is more than enough to triumph the net loss on Trust, no?
@Yong L same here. i didn't know about the 2K non sgd spend before u can get the cashback until i used it...
Can't seem to find in the instarem T&Cs on the 2k min spending, care to share where I can read on this?
@@yong_L65 bro can I check in your opinion is youtrip still the best? Im wavering between that and revolut. Europe trip