Credit card best for US$ purchases

[acewind]

hello! with so many credit card available in the market.

Can you recommend me a credit card best for usd purchases? It is recommended to use paypal to pay first or directly credit card payment for purchases?

thank you!

 

[hesperus]

you can consider CIMB bank credit cards as their foreign transaction fee is the lowest at 1.2% and they still give cash rebate of 1% for foreign purchases... local SGD purchase only 0.5% though...

 

[hwmook]

you can consider CIMB bank credit cards as their foreign transaction fee is the lowest at 1.2% and they still give cash rebate of 1% for foreign purchases... local SGD purchase only 0.5% though...

That is only like 0.3% lower than other banks and 1% rebate is not attractive enough. SCB Manhattan 5% or revised rate of 3%, UOB One 3.33% etc all have better rewards that make up for paying slightly more upfront.

 

[GenerationX]

That is only like 0.3% lower than other banks and 1% rebate is not attractive enough. SCB Manhattan 5% or revised rate of 3%, UOB One 3.33% etc all have better rewards that make up for paying slightly more upfront.

How is virtual pay? Or is it only good for online stores that dont serve non US residents?

 

[hwmook]

How is virtual pay? Or is it only good for online stores that dont serve non US residents?

I use my SG cards most of the time so doesn't matter. Don't think virtual pay open up more stores for non-US residents.

 

[leogeo]

That is only like 0.3% lower than other banks and 1% rebate is not attractive enough. SCB Manhattan 5% or revised rate of 3%, UOB One 3.33% etc all have better rewards that make up for paying slightly more upfront.

but SCB has very high FOREX rates

 

[CherylW]

you can consider CIMB bank credit cards as their foreign transaction fee is the lowest at 1.2% and they still give cash rebate of 1% for foreign purchases... local SGD purchase only 0.5% though...

2.2% from last I know, although calculation wise is sometimes not the same.

 

[CherylW]

but SCB has very high FOREX rates

What's scb rate for overseas purchase?

 

[bladez87]

What's scb rate for overseas purchase?

3.5% admin charges.

 

[GenerationX]

conclusion is?

 

[Alpha_Hippo]

if u use SCB , make sure u hit the 5% tier spending of 4k sgd in a month so at least u get back 1.5% after their admin charges.

Otherwise, you are better off with CIMB card.

 

[hwmook]

but SCB has very high FOREX rates

BS, forex rates are all determined by Visa/mastercard which is close to spot rate. The 3.5% admins fees make it seem bad, remove that its all the same. DBS/UOB/Citibank etc has a 2.5-2.75% admin fees thus their rate might seem better. But we already know its the admin charges that is different not the forex rate, this BS about forex rate must stop man.

 

[leogeo]

BS, forex rates are all determined by Visa/mastercard which is close to spot rate. The 3.5% admins fees make it seem bad, remove that its all the same. DBS/UOB/Citibank etc has a 2.5-2.75% admin fees thus their rate might seem better. But we already know its the admin charges that is different not the forex rate, this BS about forex rate must stop man.

my bad then

 

[GenerationX]

ok if i only have UOB virtual pay(with uob one) and citibank rewards card(with smrt) which is better for paying in USD?

 

[hwmook]

ok if i only have UOB virtual pay(with uob one) and citibank rewards card(with smrt) which is better for paying in USD?

Virtual Pay is different from UOB One so what do you mean by the bracket? Citibank rewards and SMRT are different cards so what do you mean?

 

[GenerationX]

Virtual Pay is different from UOB One so what do you mean by the bracket? Citibank rewards and SMRT are different cards so what do you mean?

Mean i got both cards...

 

[invisible999]

There is one other option - get a card which is denominated in USD, instead of SGD. In this case there will be no forex fees for any USD purchases but there will be forex fees for any other currency transactions.

If I remember correctly, HSBC had such kind of card.

 

[Eddie4]

I preferred paypal. It is low in charge and easy to use. It’s free to transfer money when you use the balance in your PayPal account. https://www.cigarsmokes.com/bolivar/bolivar-belicosos-finos.html