Best Cards for Overseas Spending: Trust Bank & YouTrip Card

Written by Katherine

July 21, 2023
Last Updated on April 2, 2024

Besides sharing about my travel experiences, I have decided to share with you some travel-related tidbits that you, as a traveller, might find helpful. In this post, I am sharing the best cards that you should consider for your overseas spending, which are the Trust Bank card and YouTrip. These two cards are the ones we have been using for our past trips, so I thought I would share my knowledge about them with you. So, if you are in for the ride, buckle up and continue reading to find out more~! (@´ー`)ノ゙

Fresh Out of the Oven! I have updated this post to include a section where I put both the Trust Bank and YouTrip cards into action in Bangkok. So make sure to read all the way to the end, where I share my experience! (>ω^)

Why Am I Writing This Post about Trust Bank Card & YouTrip

Okay, to be honest, this post is totally out of my comfort zone. I feel like I have to be totally serious when writing about such topics. But if you have read my blog posts, you will know that I am full of nonsense. Haha! Anyway, if you are coming here expecting me to share about ALL the multi-currency cards you have heard of, I am going to disappoint you because I am not. I am totally not an expert in this field. In preparation for this post, I even consulted my husband, who is the money brain at home. ⸜(*ˊᗜˋ*)⸝

An illustration of a couple saving money
Designed by pch.vector / Freepik

As someone with little interest in finance, I didn’t even know about multi-currency cards until my husband shared it with me. He is the one who applied for all these cards and used them overseas. I am always just along for the ride. Haha! So I thought it would be nice to share this knowledge with you if you are like me, who has no idea about multi-currency cards. Since the Trust Bank card and YouTrip are the cards my husband has recommended for our overseas trips, these are the only cards I will share in this post! If you are looking for more details, I am sure some Googling would bring up a lot of articles for you.

Advantages of using a Multi-Currency Card (Trust Bank Card & YouTrip)

I always thought exchanging money for a trip was the best way since credit cards always come with an additional admin fee for each transaction. If you are like me, I am here to change your mind, like how my husband changed mine! (๑˃ᴗ˂)ﻭ

Minimal / No Admin Fee for Multi-Currency Cards

Regular credit cards usually charge an admin fee of about 3% for each overseas transaction. Honestly, a 3% admin fee is not a tiny amount! That is why we usually avoid using our credit cards overseas but opt for cash transactions instead. And this is where multi-currency cards are here to save you!

An illustration on admin fee on credit cards on overseas transation and why you should using multi-currency cards such as the Trust Bank card or YouTrip
Designed by pikisuperstar / Freepik

Multi-currency cards usually impose only a minimal admin fee on foreign transactions. This might range from 0.1% to 1%. In comparison to the 3% admin fee, that is already some savings by itself. And if you use a card like the Trust Bank card or YouTrip, it is even better since both cards have NO admin fee! ⸜( *ˊᵕˋ* )⸝

But If It Still Charges a Fee, Isn’t Cash Still Better?

And now you are wondering, if you are not using a card that charges a minimal admin fee, then aren’t cash transactions still better than using a card? Well, you are not wrong to think in that way. Who would want to pay more, right? I would rather have more money to spend while overseas. So, let me share with you another great thing about multi-currency cards: their exchange rate.

An illustration of exchange rate for multi-currency cards such as the Trust Bank card or YouTrip and why it is better for overseas usage
Designed by pch.vector / Freepik

Money changers are, after all, businesses that want to earn from you. But even the best money changer in Singapore might not always give you the best exchange rate. After using the Trust Bank card and YouTrip for a few overseas trips, my husband has shared that more than 99% of the time, the cards’ exchange rates were better than the money changer we went to. w(°o°)w

No More Headaches on How Much Money to Exchange

Okay, so I basically said that the exchange rate is better for multi-currency cards. So you will be like, “Oh great! So I don’t need to exchange money anymore! ⸜(*ˊᗜˋ*)⸝”. Well, that is only true if you are travelling to a place that accepts cards everywhere. So, ultimately, you would still need to exchange for some cash just to be safe.

One thing I hate about exchanging money is I always don’t know how much we might need for our trip. If it is too much of a currency that you seldom use, you risk incurring a loss on the exchange rate difference to convert it back to Singapore Dollars (SGD). Too little, and you have to look for a money exchange overseas. It is worse if it is tough to find a reputable branch in that country. And that is when these multi-currency cards come into good use!

An illustration on why using multi-currency cards such as the Trust Bank card or YouTrip is better than just exchanging money for overseas usage
Designed by pch.vector / Freepik

Both the Trust Bank card and YouTrip allow you to top up the card with Singapore Dollars. So, as long as you have SGD on your card, you can make a transaction anywhere. So, instead of thinking of how much money to exchange for your WHOLE trip, you can now think about the possible places that do not accept card payments and exchange an appropriate amount of cash instead. Everywhere else that accepts card payment, you can just whip out your multi-currency card to use~! (´• ω •`)

Not Enough Cash? No Worry!

Well, in the situation that you really don’t have enough cash on you, a multi-currency card can also save you! You can simply use any ATM that has a VISA/Mastercard logo on it to withdraw some money. ATMs in both Malaysia and Indonesia generally do not charge an additional fee for using their machines. However, countries like Thailand will charge an additional fee for using their ATMs.

An illustration of people queuing and waiting for the ATM and why multi-currency cards such as the Trust Bank card or YouTrip are better options to use at overseas ATM
Designed by pch.vector / Freepik

You might ask, “How about if I use a DBS ATM?”. Well, there might possibly be no additional fee when using the DBS ATM overseas, but don’t forget you will still be charged an exchange rate fee! So yeah, there seems to be no running away from the additional cost of using ATMs in countries that charge a fee. (´-ω-`)

So, if you don’t want to worry about how much money to exchange, if a place allows card payment, just use your multi-currency card! So you are always cash-rich until the last few days, then you start spending your cash. Isn’t this a win-win situation? ⸜( ´ ꒳ ` )⸝

Why We Chose to Use the Trust Bank Card & YouTrip

For most people, there are only two situations in which you would consider using a card for payment purposes and cash withdrawal. As such, the Trust Bank card and YouTrip are the best for each situation overseas.

No Fee and Best Exchange Rates on the YouTrip Card

The YouTrip card is the best card to use for payment purposes as it offers the best exchange rate among its competitors. But YMMV, as he mentioned, some people have made a comparison and realised that the Trust Bank card actually offers a better exchange rate. So, to kill two birds with one stone, bring along both cards! (✧ω✧)

Screenshots taken of the exchange rates on the YouTrip and Trust Bank card app (as of 18 Jul 2023)

No Fee for ATM Withdrawal with the Trust Bank Card

The Trust Bank card does not impose a fee regardless of the amount you withdraw from the overseas ATM. If you are using Trust Bank’s credit card, you would have to set it to debit card mode before withdrawing money from the ATM. Not putting your credit card into a debit card mode before withdrawing money will cause you to take a cash advance instead. So take note of this requirement! ( ´ ω ` )

I have had someone reach out to me to ask about the debit card mode. To make it clearer, if you are interested in applying for Trust Bank’s credit card and want to be able to withdraw cash overseas, then you also need to have a bank account with Trust Bank. So, instead of having another debit card to withdraw cash from the account, you now just need to set your credit card to its debit card mode for ATM withdrawal. Just make sure to have money inside the account for ATM withdrawal to work overseas!

A screenshot taken from the Trust Bank website on the no-fee advantage of using the Trust Bank card at overseas ATMs
Screenshot taken from Trust Bank’s website

In comparison, YouTrip charges a 2% fee after the first 400 SGD withdrawal for the calendar month. This means that you can withdraw up to 400 SGD without an additional fee on YouTrip. But anything more than that, you would be charged a 2% withdrawal fee. As such, YouTrip is less appealing as compared to the Trust Bank card. But regardless of which card you use for ATM withdrawals, do remember that there might be an additional fee for using the ATMs in certain countries! (´• ω •`)ノ

Trust Bank Card vs YouTrip

Even though both the Trust Bank card and Youtrip are great multi-currency cards, each of them has its pros and cons that you can make use of before your overseas trip.

Taking Advantage of a Good Exchange Rate on YouTrip

The Trust Bank card only allows you to have SGD on it. In comparison, YouTrip will enable you to not only have SGD but also other currencies on your card. So, if you want to take advantage of a good exchange rate for a foreign currency today, you can do so through YouTrip! You simply have enough SGD on your card and do a currency exchange on the card. It’s as simple as that!

Screenshot taken from the YouTrip app to illustrate the other currencies that the app can have besides Singapore Dollars
Screenshot taken from my YouTrip app

That was precisely what we did earlier this year. Since the exchange rate for Japanese Yen (JPY) was quite good earlier this year, we decided to exchange some SGD for JPY so that we can use it in future. This is the good thing about YouTrip that you can’t have on the Trust Bank card. But with the good comes the bad of the YouTrip card.

No Withdrawal on YouTrip vs Ease of Withdrawal on the Trust Bank Card

Once you put the money inside the YouTrip card, there is no way that you can withdraw the money. You might be thinking, “What about ATM withdrawals? If we can do that overseas, can’t we do it in Singapore?”. Unfortunately, the YouTrip card does not work with local ATMs. So the only thing you can do is to send the money to other users on the same platform or spend it as you would a cash card to use up the money.

And that is where the Trust Bank card comes in and says, “Booyah!”. (@´ー`)ノ゙ The thing about the Trust Bank card is that it works just like a standard bank account. You can deposit money into it, and you can also withdraw money out of it, just like you would with a bank account. You can have as much money on the Trust Bank card as possible since you can withdraw money from it at any time simply through a click of a button.

Screenshots taken from the YouTrip and Trust Bank card app showing that you send only send money to your contacts on YouTrip but can transfer money out on Trust Bank
Screenshots are taken from my YouTrip and Trust Bank apps

Anyway, to overcome the problem of having too much SGD on your YouTrip card that you can’t withdraw after your overseas trip, consider having an appropriate amount on it and limitless on the Trust Bank card instead. So that when your YouTrip fund is running low, you can just use the Trust Bank card as a backup!

Better Transaction Control on the Trust Bank Card

In terms of locking your card in case of fraudulent transactions, the Trust Bank card wins hands-down. In the Trust Bank app, you can choose to allow local and/or overseas transactions both physically and virtually. As someone who has gotten fraudulent transactions after an overseas business trip, this is so useful! I don’t have to worry about people using stolen details for online transactions. I can simply lock the card for online usage so that this won’t happen!

Screenshots taken from the Trust Bank card and YouTrip app showing the transaction control for each platform
Screenshots are taken from my Trust Bank and YouTrip apps

In comparison, the YouTrip card can only be locked or unlocked. There is no differentiation between a physical or online transaction. So, in this case, the Trust Bank card is definitely the winner. ⸜( *ˊᵕˋ* )⸝

Comparison Table between Trust Bank Card & YouTrip

I have listed down the pros and cons in the table below for your easier reference! ( ´ ω ` )

Bonus: Putting the Trust Bank Card & YouTrip into Action!

All words and no actions might not convince you of the power of using a multi-currency card when overseas. So hubs and I decided to put our Trust Bank card and YouTrip in action during our recent trip to Bangkok, Thailand! (´• ω •`)ノ

Comparing the Exchange Rates of Various Payment Methods

There are a number of payment methods available for tourists in Bangkok. So besides using our Trust Bank card and YouTrip, we have also tried PayNow for Thailand’s PromptPay as well as Grab Wallet for our GrabFood delivery. I thought you might find it interesting to see the exchange rates for each payment method. ( ´ ꒳ ` )

Exchange rate is based on 1 SGD

Based on the table, it seems like exchanging money is still the way to go in Thailand. But you can’t always be looking for a money exchange every time you need more money! So the way forward is to have an alternative payment method ready, which in this case, is a multi-currency card.

Out of all the digital payment options available to us in Bangkok, we tried PayNow/PromptPay and Grab Wallet. As seen from the table, both payment methods, though convenient, have a comparatively lousier rate as compared to Trust Bank card and YouTrip. Also, PayNow/PromptPay didn’t even work 100% for us when we tried it out in Bangkok. (´-ω-`) So, when given the option, I would say whip out your Trust Bank card, YouTrip or whatever multi-currency card and pay away for better exchange rates~! (>ω^)

Using the Trust Bank Card to Withdraw Cash

If you are unsure of how ATM withdrawals work overseas, I am here to show you how! ⸜(*ˊᗜˋ*)⸝ As I have mentioned earlier, banks in Thailand charge an additional fee for using their ATMs. After some research, we decided to find ourselves an AEON ATM since it charges the lowest fee (150 THB) in Thailand.

When we got to the ATM, there was a sign on it saying that it only accepts AEON cards. Hubs and I were worried that our Trust Bank card wouldn’t work. But lo and behold, everything went well with our cash withdrawal! After choosing our preferred language and the amount we wanted to withdraw, the machine notified us that there was a fee of 150 THB (~5.74 SGD) for this transaction. Once we agreed to that, the ATM proceeded to prepare the cash that we needed! (๑˃ᴗ˂)ﻭ

While that was going on, our Trust Bank app sent us a notification that our cash withdrawal was successful at 0% FX fees! It was actually rather straightforward. If you want to see the whole process, consider watching the video below so that you can gain confidence for your first cash withdrawal overseas~!

If you are interested in the exchange rates, I have done up the table below based on the rates on 5 November, the day we did our withdrawal from the AEON ATM. I would say, the rate was actually not that bad. So go forth, be brave and use your card to withdraw cash overseas! (@´ー`)ノ゙

Based on exchange rates on 5 November 2023

Final Thoughts on the Trust Bank Card & YouTrip for Overseas Usage

As I said, I am actually quite pleased to learn so much about multi-currency cards. Both the Trust Bank card and YouTrip are good options to have if you are living in Singapore. Personally, I highly recommend bringing both cards along for your trip so there is always one card to fall back on in case of anything. Moreover, with YouTrip being a Mastercard and the Trust Bank card being a VISA card, you are essentially covering two of the most significant payment gateway for overseas usage. So, no harm in bringing both cards!

Photo taken of the YouTrip and Trust Bank physical card to show the Mastercard and VISA logos

However, if you only want ONE card for all your trips, I personally recommend taking the Trust Bank card for the following reasons:

  • Better exchange rate than your regular credit card
  • Unlimited overseas ATM withdrawal at NO additional fee
  • Has better transaction control for your card usage
  • Since Trust Bank is a licensed bank in Singapore, in case of anything such as fraudulent transactions, you would definitely get much better support from them
  • When you are not using your card and have excess SGD, your money still earns interest since it is a standard bank account!
  • You get a free FairPrice voucher when you sign up for the card. Money for groceries, so why not?

But as I said, given a choice, I would take both the Trust Bank card and YouTrip along for my overseas trips. You never know what will happen overseas, so why risk it? So that’s it! I finally finished writing this post, which I thought would be a short one. Haha! I hope this blog post has helped you decide to get a multi-currency card for your next overseas adventure! (´• ω •`) ♡

Support Me While Planning Your Next Adventure!

If you are interested in applying for a Trust Bank or YouTrip card for overseas usage after reading my post, consider using my affiliate code/link! It will not cost you anything extra, but it will make a difference for me and help support me. So, if you’re planning your next adventure and want to show some love, consider using the code or link. Much love to you! ⸜(*ˊᗜˋ*)⸝

How to Sign Up for the Trust Bank card

Steps to signing up for your Trust Bank card

Sign up for the Trust Bank card using my referral code (GDQ5BVNT), and you will be rewarded with a S$10 FairPrice voucher for signing up!

Screenshots taken from the Trust Bank card app showing the FairPrice E-Voucher
Screenshot taken from my Trust Bank app
  1. Simply download the Trust Bank SG app on the App Store or Google Play Store.
  2. Tap on “Get started” immediately after you start the app.
  3. Key in my Trust Bank Referral Code: GDQ5BVNT
IMPORTANT!

While it is not a must to use a referral code to sign up for the Trust Bank card, you will only get the S$10 FairPrice voucher if you use the referral code GDQ5BVNT during the sign-up process.

Did you see the S$25 FairPrice voucher? I applied for the Savings Account and made a minimum S$500 deposit to receive it! If you applied for a credit card, simply make your first card spend to get this S$25 FairPrice voucher. Don’t say I never share the good things with you! (´ ω `♡)

For more information about the Trust Bank card, you can check out its website and Facebook.

How to Sign Up for the YouTrip Card

Steps to signing up for your YouTrip card

Screenshots taken from the YouTrip app showing the referral award
Screenshot taken from my YouTrip app
  1. Clicking on my referral link will let you download the YouTrip app on the App Store or Google Play Store.
  2. Click on “Sign Up for free” immediately after you start the app.
  3. For SingPass users, you can sign up with MyInfo. Alternatively, prepare your NRIC to submit the necessary documents.
  4. After your submission, it takes about 1 – 2 working days for verification. If you are using MyInfo, it should take only a few minutes before your account is approved.
  5. After your account approval, it takes about 7 – 12 days for your physical YouTrip card to reach you.
IMPORTANT!

To get the S$5 in your account, you would need to top-up any value into the card. After that is done, you will receive the S$5 in your account! ⸜(*ˊᗜˋ*)⸝

For more information about YouTrip, you can check out its website and Facebook.

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Loved what you just read? Think your friends or family would enjoy it too? Hit your favourite share button below, and let’s make good vibes travel! Your support is greatly appreciated. Thanks a bunch for being awesome! (´• ω •`) ♡

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If you prefer a more direct line, you can always reach out through this contact form. I’m excited to connect with you! Thanks for visiting! (´ ε ` )♡

4 Comments

  1. Thomas Tay

    if i use the trustbank card, credit function overseas, also no FX fees?

    Reply
    • Katherine

      Hi Thomas, there are no FX fees, whether using the debit or credit function for payment or at the ATM.

      If you are using the credit card at the ATM, remember to switch it to the debit card mode on the Trust Bank app (https://trustbank.sg/legal/key-facts-sheet-credit-card/#one-card,-two-functions!). If you don’t make this switch to the debit card mode before withdrawing money, it will cause you to take a cash advance instead and incur a fee.

      I hope this answers your question! 🙂

      Reply
  2. Shee

    (Thinking to apply credit card with Trust only)

    Do I need to apply saving account with trust too and ensure I have certain amount inside if I wish to withdraw money from ATM overseas? (You have shared that we need to switch to debit card for withdrawal from overseas)

    Reply
    • Katherine

      Hi, if you wish to withdraw money overseas, then you need to have a savings account with money in it for the debit card mode to work for overseas ATM withdrawal.

      I should probably update the post to make it clearer for everyone. Thanks for checking with me! 😊

      Reply

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