5 Credit Cards With The Best Returns For Overseas Spend

credit cards for overseas spend

Going abroad soon? In less than 2 months, the June holidays will be around the corner and that means it’s time to bring the family on a well-deserved vacation! Whether you’re touring Europe, Japan, Korea, or just beach holiday in the region, it’s still important to spend smart. Knowing which credit card to bring with you (and which to leave at home) is one way to do that!

Here are some of the best credit cards for overseas spending:

CIMB Visa Platinum Mastercard

Key features:

  • 10% cashback for travel, beauty & spa and transport (cap at $100/ month, cap at $50 per category)
  • 3% foreign currency fee
  • $600 minimum spend

Do you plan to relax and unwind at the spa? Or maybe go for massage after massage EVERY. SINGLE. DAY? If so, you better bring this card along with you. The card’s 10% cashback is a pretty generous rate too. Even with its 3% foreign currency fee, you’ll still get a 7% rebate! This card is perfect for those who will be doing lots of travelling and lots of self-care on their holiday.

ICBC Global Travel Mastercard

Key features:

  • 3% cashback on all expenditure (no cap)
  • 5% foreign currency fees
  • No minimum spend

This card is perhaps the best card to bring with you on your overseas travels. You can literally spend on anything and get an unlimited amount of cashback! The best part? There’s no minimum spending required so rewards are guaranteed as long as you swipe with this card on your trip.

Amex True Cashback Card

Key features:

  • 3% cashback on all expenditure (no cap)
  • 5% foreign currency fees
  • Valid up to $5000 during the first 6 months of card’s approval

We’ve reviewed the Amex True Cashback Card before and we’re bringing it up again. Why? Because this card is easy-to-use and hassle free. The best time to use this card is definitely the first 6 months because you get to enjoy higher cashback rates during this period. However, after the initial 6 months, cashback rates will lower (1.5%) and would not be able to offset the 2.5% foreign currency fees. Make sure to check whether you still qualify for the 3% cashback rewards before swiping with this card overseas!


Key features:

  • 8% cashback on dining, entertainment and Grab ( on weekends, cap at $60/ month)
  • 3% cashback on dining, entertainment and Grab (on weekdays, cap at $60/ month)
  • 8% foreign currency
  • $600 minimum spend

That’s right, you get to enjoy 8% cash back on dining, entertainment and grab on weekends with the UOB YOLO Card which makes it perfect for weekend trips. Even with the 2.8% foreign currency charges, you’ll still get to enjoy 5.2% rebates!

BOC Elite Miles Card

Key features:

  • 3 miles for every $1 spent (no cap, mile conversation costs $30)
  • 3% foreign currency fees
  • No minimum spending

With BOC Elite Miles card, you can earn yourself another holiday while you’re on a holiday! The best thing about this card is that there’s no cap on your rewards. As long as you charge your expenses to this card, you’ll earn yourself miles! Moreover, there’s no need to go out of your way to hit a minimum amount when you spend just so you can enjoy the rewards.

It’s always better to pay in cash when you’re overseas because you wouldn’t need to bear foreign currency conversion fees. However, with the right credit card, rewards you get to earn will more than make up for these transaction fees. Next time you travel, make sure you bring cards with perks that outweigh your costs!

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