So recently Trust card introduced 0 foreign transaction fees when the card is used overseas:
https://trustbank.sg/great-exchange-rates/
This is great! But if you are using a cashback credit card like me, then you may be wondering if the Trust card still wins out after considering the cashback that you get on other cards.
So I went to Legoland during the June holidays, and I did a comparison.
I bought Legoland annual passes for my entire family and charged the total amount 1715 MYR to my Standard Chartered Simply Cash credit card. Looking at the transaction history, I was charged 523.66 SGD which converts to 1 SGD = 3.275 MYR. After deducting the 1.5% cashback, my actual cost is 515.81 SGD.
If I had used the Trust card, I will enjoy the Google exchange rate which at that point in time is 1 SGD = 3.39 MYR. This means I would have paid 1715 / 3.39 = 505.90 SGD instead. This represents a cost savings of around 10 SGD!!
Trust card definitely wins out in this case, even after accounting for the cashback I would have received on my SC credit card.
It has also been brought to my attention that YouTrip also offers Google rates:
The problem with YouTrip is that first, you have to load the YouTrip wallet, then use it via the YouTrip debit card. This is all fine during the trip, but once the trip is over you realize you will have some loose change still in the YouTrip wallet, which means now you have to withdraw it from YouTrip. This is all a hassle, and the Trust card does not have such problems since it deducts from your Trust bank account.
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