One major ‘pull’ for many credit cards issued in Singapore is the enhanced miles earning rate for transactions made overseas (or simply transacted in foreign currency, which is the criteria for most cards). Many cards offer attractive headline rates in this category, typically between 2 and 3 miles per S$1 spent.
The question is, since you’ll pay a higher foreign exchange fee with some cards compared to others, does the earning rate you’re receiving for your card make the most sense?
|There’s a fair bit of number-crunching in this article, and a few topics covered, so here’s a summary of our conclusions from the outset.|
|Credit Card Forex fees vs. Miles earned|
|Good News for: