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-   -   Need recommendation for Youtrip alternative (https://forums.hardwarezone.com.sg/credit-cards-line-credit-facilities-243/need-recommendation-youtrip-alternative-6342519.html)

lampPC 23-07-2020 09:31 PM

Need recommendation for Youtrip alternative
 
I need to pay large amount of USD monthly but Youtrip has set a monthly threshold.

Is there alternative debit card that let me pay in USD at wholesale rate without a threshold?

gravityz3r0 23-07-2020 10:34 PM

Not a debit card, but the ICBC Global Travel Card. 2.5% forex fee, but you get 3% rebate, so in total you gain 0.5% cashback. More info in this thread.


https://forums.hardwarezone.com.sg/c...d-5638882.html


All prepaid/debit card are now regulated under same law which means the $5k wallet limit with 30k annual limit apply to everything. Your only choice is to go for proper credit card like the one mentioned above above.

yiwei 24-07-2020 12:38 AM

UOB MightyFX?
The rates about 0.5% worse off than YouTrip but amount limited by your account balance.

I think maybe better to just use the ICBC card.

CrashWire 24-07-2020 05:16 AM

Quote:

Originally Posted by lampPC (Post 128657999)
Is there alternative debit card that let me pay in USD at wholesale rate without a threshold?

All prepaid cards have a $30k a year limit because of the Payment Services Act.

So ICBC Global Travel would be your best bet.

zack14 24-07-2020 09:17 AM

ICBC global travel

lampPC 24-07-2020 11:01 AM

Quote:

Originally Posted by gravityz3r0 (Post 128659295)
Not a debit card, but the ICBC Global Travel Card. 2.5% forex fee, but you get 3% rebate, so in total you gain 0.5% cashback. More info in this thread.


https://forums.hardwarezone.com.sg/c...d-5638882.html


All prepaid/debit card are now regulated under same law which means the $5k wallet limit with 30k annual limit apply to everything. Your only choice is to go for proper credit card like the one mentioned above above.

Is it using wholesale forex rates? I find most of the times the forex difference itself is a lot more than the forex charges. Most of the bank forex risks.

Trazora 24-07-2020 11:27 AM

Quote:

Originally Posted by lampPC (Post 128666336)
Is it using wholesale forex rates? I find most of the times the forex difference itself is a lot more than the forex charges. Most of the bank forex risks.

It uses the same mastercard exchange rate as Youtrip.There is 2.5% fees but you get 3% rebate so end up earn 0.5%.

kakapantz 24-07-2020 11:45 AM

can consider SC account. they have zero fee for remittance and the rate is super good, better than InstaRem, Revolut, etc.

fone 24-07-2020 11:51 AM

Quote:

Originally Posted by kakapantz (Post 128667253)
can consider SC account. they have zero fee for remittance and the rate is super good, better than InstaRem, Revolut, etc.

Just attempted, say transfer S$1000 to USD. SC remit gives US$720.35, revolut gives US$721.52. How is SC remit better rates?

Revolut to US accounts have no incoming charge, but SC remit by SWIFT code, will have.

For TS, if you can use Youtrip, then you may use like normal credit cards, if you can get sufficient rewards to justify the fees (ie 4mpd or like others have mentioned, the ICBC card).


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