Miles vs Cashback

Best Credit Cards for Overseas Spending

For heavy foreign-currency spend, look for a high overseas earn rate — but remember every card still charges a foreign transaction fee, so the extra miles need to beat that cost.

  1. Why it fits: Strong foreign-currency earn rate, geared to overseas spenders.

    Annual fee S$261.60 · Min income S$30,000

    Pros

    • +First-year annual fee waived (S$261.60 thereafter)
    • +~2.4 mpd base on foreign spend, good for overseas use
    • +Airport lounge access included
    • +Visa option means wider acceptance than Amex variant

    Cons

    • S$261.60 annual fee from year two onwards
    • Local rate only ~1.4 mpd, weak for SG spend
    • Standard foreign-currency fee still applies on FX spend
  2. Why it fits: Good overseas miles rate with non-expiring miles.

    Annual fee S$196.20 · Min income S$30,000

    Pros

    • +Beginner-friendly all-rounder for general spend + travel
    • +Miles never expire, so no rush to redeem
    • +Decent ~2.2 mpd on overseas spend for travel
    • +Airport lounge access included

    Cons

    • S$196.20 annual fee; auto spend-waiver ends Aug 2026
    • Low ~1.3 mpd base rate on local spend
    • Visa-only, no Amex perks for this card
  3. Why it fits: Solid foreign earn and flexible, non-expiring miles.

    Annual fee S$196.20 · Min income S$30,000

    Pros

    • +Citi Miles never expire, so no rush to redeem
    • +~2.2 mpd on foreign spend, good for travel
    • +Wide transfer-partner list for flexible redemptions
    • +Lounge access; first-year fee waived

    Cons

    • S$196.20 annual fee from year two onward
    • Low ~1.2 mpd on local spend
    • Not especially beginner-friendly
  4. Why it fits: Competitive foreign base rate as an all-rounder.

    Annual fee S$196.20 · Min income S$30,000

    Pros

    • +Up to 3 mpd on selected transport, grocery & food delivery
    • +Solid all-rounder: ~1.2 mpd local, ~2 mpd foreign base
    • +Points convert to airline miles for flexible redemptions
    • +Comes with lounge access

    Cons

    • S$196.20 annual fee from year 2 (first year waived)
    • 3 mpd capped and limited to selected categories only
    • Low ~1.2 mpd on general local spend

Frequently asked questions

What's the best card for overseas spending in Singapore?
One with a high foreign-currency earn rate whose extra rewards beat the foreign transaction fee. Compare the net value for your travel spend, or consider a multi-currency card.
Can I avoid the foreign transaction fee?
Standard credit cards almost always charge it. A multi-currency card or account can reduce some conversion costs — and always pay in the local currency abroad, never SGD.