Trust Bank Credit Card

[fake_oranges]

I use dbs bank for payment

You can't? I have a trust saving account but cannot pay the cc using that currently.

DBS just need credit card number and name of holder right?

 

[butterfly11]

DBS just need credit card number and name of holder right?

It is good that Trust bank allows to pay their credit card using their savings accounts, like local all banks can do this for their cards,
This sytem of paying using other bank to trust will take some time and if you miss then you pay the late payment charges!, Not a good bank set up to have their credit card like this!

 

[kkboy1]

DBS just need credit card number and name of holder right?

Yes, Trust Bank have send out an email on how to do credit card payment.
Check the email

 

[fake_oranges]

Yes, Trust Bank have send out an email on how to do credit card payment.
Check the email

I never receive leh

Can share the contents here?

 

[hisokaomi]

I copy and paste word by word.. lol ___________ Hi there! You can conveniently pay your Trust credit card bill from your other bank accounts in two ways. Either by adding your Trust credit card number as a local transfer (also sometimes called FAST) or as a transfer to your credit card to make the repayment. Scroll down to see instructions on paying your Trust credit card bill using the banking apps from DBS/POSB, UOB, OCBC and Standard Chartered Bank. Option 1: Add as a local recipient (payment is instant) 1. Tap Pay & Transfer > Local > Add Local Recipient > Bank Account 2. Enter Recipient’s name, select bank as Trust Bank Singapore Limited, and enter your 16-digit Trust card number under Recipient’s account number > Tap Next 3. Review Recipient’s details. If it is correct, tap on Add Recipient Now 4. You may have to perform additional verification at this point 5. Tap again on Pay & Transfer > Local. Select your Trust card 6. Enter amount to transfer and ensure Transfer via FAST is switched on 7. Tap Next 8. Review the transfer details. If it is correct, tap Transfer Now Option 2: Add as a credit card recipient (payment will take up to 3 working days to process) 1. Tap Pay & Transfer > Cards > Add Credit Card Recipient 2. Enter your 16-digit Trust card number > Select card type to be Singapore – VISA/Master Card > enter first name > enter last name 3. Review Recipient’s details. If it is correct, tap on Add Recipient Now 4. You may have to perform additional verification at this point 5. Tap again on Pay & Transfer > Cards. Select your Trust card 6. Enter amount to transfer 7. Tap Next 8. Review the transfer details. If it is correct, tap Transfer Now Add as a local recipient (payment is instant) 1. Tap Pay & transfer > Other Accounts / Cards > New Transfer > Under Bank Account / Other Institutions (Please do not select Credit Card), select “Trust Bank Singapore Limited” and enter your 16-digit Trust card number under account number 2. Enter amount to transfer 3. Swipe to submit and review the transfer details. If it is correct, slide to confirm the transfer Add as a local recipient (payment is instant) 1. Tap Local Transfers > Account Number 2. Tap Add payee 3. Enter Payee name, under Bank/Organisation select Trust Bank Singapore Limited, under account number enter your 16-digit Trust card number and enter your initials. Tap Add Payee to confirm 4. Review the transfer details. If it is correct, tap Submit. It will take 12 hours before funds can be transferred to your Trust card 5. Thereafter, tap Local Transfers > Account number 6. Select your Trust card under the “To” column 7. Select Transfer Now under When to transfer section 8. Enter amount to transfer 9. Slide to submit and review the transfer details. If it is correct, tap Confirm Transfer Option 1: Add as a local recipient (payment is instant) 1. Tap on menu icon > Transfer & Payments > Local Transfer > Select the account you would like to transfer from > Add Payee 2. Select Payee Type to be Local > Enter Trust Bank Singapore Limited, Payee Name and enter your 16-digit Trust card number under Payee Account Number and tap Continue 3. Enter your 6-digit PIN and tap Confirm 4. Tap on menu icon > Transfer & Payments > Local Transfer > Select your Trust card > Enter amount to transfer 5. Swipe to complete the transfer Option 2: Add as a credit card recipient (payment will take up to 3 working days to process) 1. Tap on menu icon > Transfers & Payments > Add & Manage Biller > Other Bank’s Credit Card Payee 2. Enter cardholder’s name and enter your 16-digit Trust card number under account number > Tap Continue 3. Review payee details. If it is correct, tap Confirm 4. Enter your 6-digit PIN and tap Confirm 5. Tap Move My Money 6. Tap Pay Other Bank Credit Cards 7. Select the newly added Payee and the account you would like to transfer from 8. Enter amount to transfer and tap Continue 9. Review payment details and tap confirm 10. Swipe to complete the transfer For all other banks, you can pay for your Trust credit card bill either by adding your Trust credit card number as a local transfer / recipient or as a credit card payment / recipient. Depending on your bank, we will receive your payment in about 3 working days.​

 

[rachel_tieh]

what is the minimum time that i need to hold this card before i can cancel? thanks!

 

[juelim]

I am copying the discussion from the other thread to here since it is more relevant here.

"If indeed there is no fees and the exchange rate is comparable, then the Trust card might be a good alternative to You Trip or Revolut since you don't have to bother with calculating how much to top up the card."

Anyone here has experience using the card overseas or made foreign currency transactions since receiving the card?

 

[hclee01]

what is the minimum time that i need to hold this card before i can cancel? thanks!

AFAIK, there is no minimum holding time. Based on their website, there is no account closure fee at all:
https://trustbank.sg/no-hidden-fees/

 

[wenguang]

I am copying the discussion from the other thread to here since it is more relevant here.

"If indeed there is no fees and the exchange rate is comparable, then the Trust card might be a good alternative to You Trip or Revolut since you don't have to bother with calculating how much to top up the card."

Anyone here has experience using the card overseas or made foreign currency transactions since receiving the card?

ya, rate is good comparable to youtrip rate, no fee. can see the rate instantly after transcation on the app

 

[crystalnox]

I am copying the discussion from the other thread to here since it is more relevant here.

"If indeed there is no fees and the exchange rate is comparable, then the Trust card might be a good alternative to You Trip or Revolut since you don't have to bother with calculating how much to top up the card."

Anyone here has experience using the card overseas or made foreign currency transactions since receiving the card?

Yes I have, bascially they charge the Visa network rate which is around 1%. Youtrip does the conversion themselves so you likely get slightly better rates.They then earn back from greedy people who think they can predict the fx rates ahead and change a whole bunch of foreign currency to sit in Youtrip earning 0$ interest.

 

[juelim]

Yes I have, bascially they charge the Visa network rate which is around 1%. Youtrip does the conversion themselves so you likely get slightly better rates.They then earn back from greedy people who think they can predict the fx rates ahead and change a whole bunch of foreign currency to sit in Youtrip earning 0$ interest.

Don't they claim in their website that not even the 1% visa network fee is charged? I presume this ~1% is the spread in the exchange rate?

 

[butterfly11]

Don't they claim in their website that not even the 1% visa network fee is charged? I presume this ~1% is the spread in the exchange rate?

Friend, Real life nothing is free to business. Please check the bill when you receive and compare, All cards sure will make something in exchange rate as the rate is dynamic.

 

[wenguang]

21th sept, spending in bangkok

sgd to thb
google rate 1 : 26.23
youtrip 1 : 26.12 (105thb pay $4.02)
trust 1 : 26.08 (344thb pay $13.19)

In my view, the rate is excellent for the convenience, you no need to top up in advance.

 

[crystalnox]

Don't they claim in their website that not even the 1% visa network fee is charged? I presume this ~1% is the spread in the exchange rate?

Yes just the Visa spread with no fees vs spot.

 

[crystalnox]

21th sept, spending in bangkok

sgd to thb
google rate 1 : 26.23
youtrip 1 : 26.12 (105thb pay $4.02)
trust 1 : 26.08 (344thb pay $13.19)

In my view, the rate is excellent for the convenience, you no need to top up in advance.

Yes, this is my go to card for fx transactions now.

No need to give Youtrip free float, no need risk fraud on a debit card, no need risk exchange rate fluctuations especially with the USD smashing developing world currencies and no need to convert leftovers again back to SGD, or left in Youtrip rotting at 0% interest.

 

[Shutterfly]

It is a new month.. Anyone still planning to use it?

 

[hisokaomi]

It is a new month.. Anyone still planning to use it?

Probably will, coz grabpay card has nerfed a lot of reward

 

[Moowoow]

Is it true that Oct second month, must spend at least 500 to earn that extra 0.2%?

 

[hisokaomi]

Is it true that Oct second month, must spend at least 500 to earn that extra 0.2%?

If u mean the 0.2% increase to saving interest, it's a no, u just need to complete 5 transaction with no minimum amount. The minimum spending outside ntuc expenses is meant to earn more link points if u need to make purchases in ntuc.

 

[Shutterfly]

If u mean the 0.2% increase to saving interest, it's a no, u just need to complete 5 transaction with no minimum amount. The minimum spending outside ntuc expenses is meant to earn more link points if u need to make purchases in ntuc.

Do they backdate the rewards? For example, if you hit the required $450 only in the middle of the month, do all the transactions before that be rewarded with extra link point also?