4 Best Multi-Currency Cards For Singaporeans

Traveling nowadays is less of a hassle with access to the Internet. With technological advances, we're able to carry large sums of foreign cash with just one card (or two just in case). Gone are the days when you had to scope out the money changer with the best rates. We can now pay seamlessly with wireless payment and withdraw foreign currency with ease overseas! Some of these cards do come with additional services such as crypto and investment, however we will be focusing on their multi-currency use only!

PS: We do, however, suggest still carrying some amount of cash as not every country/place accepts cards. Do your research as always! [This information is accurate as of 5 October 2023].

Revolut

If you're big on travelling, or love consuming travel media, I'm sure you've seen the ads for Revolut. With their tagline being "One App, All things money," their services range from investing to crypto. They have 3 card tiers you can choose from: Standard, Premium and Metal.

Price: Standard is free, Premium costs SGD$9.99/month and Metal costs SGD$19.99/month.

Registration: To register, you will just need to download the Revolut app from your store (App Store/Google Play).

Card: Physical and/or Virtual. You can add your card to Apple Pay or Google Pay

Currency Exchange: They have more than 140 currencies that are available for exchange. There are your staple currencies like:

• United States Dollar (USD)
• Euro (EUR)
• Great British Pound (GBP)
• South Korean Won (SKW)
• Singapore Dollar (SGD)
• Japanese Yen (JPY)
• Indian Rupee (INR)
• Australian Dollar (AUD)
• New Zealand Dollar (NZD)
• And more!

However, there are currencies that are not on the app such as Zimbabwean Dollar (ZWD) and Bhutan Ngultrum (BTN).

Top-up: Minimum is $0.01

Withdrawals: Their ATM withdrawals are free up to the limit tied to the type of card you have. The different limits are: Standard - $350/month | Premium - $700/month | Metal - $1050/month

Bonus features: Other bonus features include instant card freezing and alerts for suspicious transactions.

PS: WiFi is needed to top up the amount of cash available in your card.

YouTrip

YouTrip has boomed in popularity and has been one of the go-to cards ever since. The iconic purple card has a variety of features that makes it easy for you to spend overseas.

Registration: To register, you will just need to download the YouTrip app from your store (App Store/Google Play)

Price: Free

Card: Physical and Virtual. You can't opt-out on having a physical card. The card is only compatible with Apple Pay.

Currency Exchange: They have 150 currencies that are available for exchange with many of them at 0% exchange fee. There are currencies you can exchange in advance such as:

• United States Dollar (USD)
• Canadian Dollar (CAD)
• Euro (EUR)
• Great British Pound (GBP)
• Thai Baht (THB)
• Singapore Dollar (SGD)
• Japanese Yen (JPY)
• Hong Kong Dollar (HKD)
• Australian Dollar (AUD)
• Swiss Franc (CHF)

Top-up: Minimum is $20 for cards, $1 through PayNow

Withdrawals: You can withdraw your first $400 for free without charge. Afterwards there will be a 2% charge for any withdrawal done

Bonus features: Other bonus features include the ability to freeze the card directly from your phone if you lost it.

PS: Payment methods that require 3DS (3-Domain-Services) are not supported! WiFi is needed to top up the amount of cash available in your card.

amaze by Instarem

Amaze card was created by Instarem and it's the first 'smart' card in the APAC region. It's appeal comes with very unique features. It is backed by Mastercard as well

Registration: To register, you will just need to download the Amaze app from your store (App Store/Google Play)

Price: Free

Card: Physical and/or Virtual. The card supports Google Pay for now.

Currency Exchange: In total, the amaze wallet can hold up to 10 currencies. Any other currency that Mastercard can convert, will be the same for the amaze card as well.

• United States Dollar (USD)
• Euro (EUR)
• Great British Pound (GBP)
• Singapore Dollar (SGD)
• Japanese Yen (JPY)
• Australian Dollar (AUD)
• New Zealand Dollar (NZD)
• Canadian Dollar (CAD)
• Swiss Franc (CHF)

Top-up: Minimum is $20. Only in SGD. However, to top up your amaze wallet, only those done with Mastercard or PayNow are free. There is a 1.5% fee for top-ups done by any Visa card. However, you can set your primary fund usage to a card rather than the wallet.

Withdrawals: There is a charge of 2% for any ATM withdrawal

Bonus features: Other bonus features include

• Pairing up to 5 of your existing credit/debit Mastercard cards. This allows for easy access to your cards without having to go through the hassle of rummaging through them.
• ID Protection that alerts you on suspicious activity on your card

PS: Any amount in your amaze wallet cannot be withdrawn and can only be spent through the amaze card

Wise

Registration: To register, you will just need to download the Wise app from your store (App Store/Google Play)

Card: Physical and/or Virtual. They support both Apple Pay and Google Pay. The physical card costs SGD$8.50

Currency Exchange: They have 50 currencies that are available for exchange. There are your staple currencies like:

• United States Dollar (USD)
• Euro (EUR)
• Great British Pound (GBP)
• South Korean Won (SKW)
• Singapore Dollar (SGD)
• Malaysian Ringgit (MYR)
• Hong Kong Dollar (HKD)
• Japanese Yen (JPY)
• Australian Dollar (AUD)
• New Zealand Dollar (NZD)

However, you are able to spend more than 200+ currencies overseas.

Withdrawals: ATM withdrawals are free up to $350 per month (in 2 or less withdrawals). 1.75% charge is added for additional withdrawals.

Bonus features: Other bonus features include competitive rates and potential for interest gain.

We hope that this breakdown will help you better understand what the options are for you out there! Each card serves a different need; pick the one you think fits the best for you and enjoy your trip hassle-free!