Know your Credit Card in Singapore

Cardholders often come across attractive offers allowing them to earn reward points or cashback at accelerated rates every time they use their credit card overseas but neglect the foreign transaction fees that go with it. Chances are cardholders would have paid foreign transaction fees in the past without even realising it. Below is a guide explaining what this fee is and when it applies. Overview of Foreign Transaction Fees You should learn about Credit Card to know better on the fee and charges on them and it is applicable on all transactions made overseas either when the payment is processed by a foreign bank or when an item or service is purchased in any currency apart from Singaporean Dollars (SGD). Transactions made in US Dollars (USD) are converted into Singaporean Dollars and those transactions made in any other currency is first converted into USD and then into SGD. an applicable exchange rate applies on all conversions and the foreign currency transaction fee is char