Key Takeaways
- The Trust Cashback Card is a credit card great for local spending with unlimited cashback, but its overseas earn rate has recently been adjusted.
- YouTrip is a prepaid multi-currency wallet tailored for travellers, offering zero FX fees and the ability to lock in exchange rates for 12 popular currencies.
- For general overseas spending, YouTrip currently offers more competitive exchange rates and better flexibility.
- A powerful strategy is to use both: Trust card for local cashback and YouTrip for fee-free travel spending.
Travellers in Singapore are constantly on the lookout for the best ways to maximise their overseas spend. With the rise of fintech, two of the most popular options for 2026 are the Trust Cashback Card and the YouTrip multi-currency wallet. Both promise to help you avoid pesky foreign transaction fees, offer competitive exchange rates, and provide overseas ATM withdrawals, but they work in very different ways.
This comprehensive guide will provide an in-depth comparison of Trust card vs YouTrip, examining their features, fees, exchange rates, and pros and cons. For a broader look at your options, check out our guide to the 8 Best Multi-Currency Cards For Overseas Spending.
Whether you’re a frequent flyer or an occasional holidaymaker, we’ll help you decide which card—or combination of cards—will be the ideal travel card for your next adventure!
Overview: Trust Card vs YouTrip
The Trust Cashback Card is a credit card, whereas Youtrip’s linked card is a debit card. Below is an overview of their key differences:
| Feature | Trust Cashback Card | YouTrip |
| Eligibility | For Singaporean citizens / PRs 21–55 years old:
– Minimum annual income of S$30,000 For Singaporean citizens / PRs 55+ years old: – Minimum annual income of S$15,000 Foreigner with a valid work pass: – Minimum annual income of S$60,000 |
The YouTrip minimum age is 15+ years old with a valid NRIC/FIN |
| Card Type | Visa credit | Pre-paid Mastercard, multi-currency e-wallet |
| Annual Fees | None | None |
| Wallet Top-up Requirement | No top-up needed (directly linked to account/credit line) | Must top up the wallet before use |
| Foreign Currency Transaction Fee | 0% (No fee from Trust) | 0% across 150+ countries |
| Currencies for Holding/Exchange | SGD only | 12 (SGD, USD, EUR, GBP, JPY, HKD, AUD, NZD, MYR, THB, CHF, SEK) |
| Currencies for Spending | Anywhere Visa is accepted | Anywhere Mastercard is accepted |
| Currency Exchange Rate | Visa exchange rate (with no markup from Trust) | Proprietary wholesale rates for 12 currencies; Mastercard’s rates for others |
| Overseas ATM Withdrawal Limit/Fee | Unlimited free withdrawals, but fees may apply from the overseas ATM operator
Pro tip: Toggle in-app to debit card mode to withdraw from your Trust savings account! |
Free up to S$400/month, then 2% fee. Daily Withdrawal Limit of S$5,000 |
| Card Fees | No annual fees
Card replacement fee is S$50 + GST, but it’s waived until further notice. More account/card fees here |
Free card on sign-up, S$10 replacement and delivery fee per replacement requested
More account/card fees here |
What Is the Trust Cashback Card?
The Trust Cashback Card is a credit card issued by Trust Bank, a digital bank launched in Singapore in 2022 through a partnership between Standard Chartered and FairPrice Group.
Trust operates under a Full Bank Licence issued by the Monetary Authority of Singapore (MAS) and offers a range of services, including savings accounts, credit cards, personal loans, insurance, and investment products.
Its core Trust card benefits have made it a popular choice for everyday spending; it is indisputably one of the best overseas spending credit cards/ best foreign currency credit cards amongst those seeking zero FX fees:
- Unlimited Cashback: Users earn an uncapped 0.5% cashback on eligible foreign currency or overseas transactions (updated from 1% on 1 March 2026).
- Fee-Free Overseas Use: 0% FX conversion fee or markups; you simply get the Visa exchange rate.
- No Annual Fee: The Trust bank credit card annual fee stands at S$0. Check out all their other fees (or lack thereof) conveniently on their website.
- ATM Access: It offers free, no-limit overseas ATM withdrawals (fees may, however, apply from overseas ATM operators). However, this would be a cash advance, which incurs an interest charge of 27.9% p.a. (daily: 0.077%). Try this workaround instead: Toggle in-app to debit card mode to withdraw from your Trust savings account!
Because it’s a credit card, it offers better fraud protection compared to a debit card like YouTrip, and you don’t have to worry about pre-loading money. It’s no wonder many utilise the Trust card for overseas use.
The main drawback is its inability to “lock in” favourable exchange rates, considering the Trust card exchange rates are pretty good.
Also, be aware of Dynamic Currency Conversion (DCC). If a merchant or ATM offers to convert the transaction to SGD for you, always decline and choose to pay in the local currency to avoid a potentially poor exchange rate—you’re more often better off using Visa’s exchange rate instead!
Pros and Cons of the Trust Card
| Pros | Cons |
| ✔ No annual fee and no foreign currency transaction fee | ✘ Cannot lock in exchange rates |
| ✔ Unlimited free overseas ATM withdrawals (from Trust’s side) | ✘ High 27.9% p.a. interest on cash advances (credit function) |
| ✔ Earns cashback on local spending (up to 1%) | ✘ Foreign cashback rate reduced to 0.5% |
What Is YouTrip?
YouTrip is a Singapore-based multi-currency travel wallet and prepaid Mastercard designed specifically for overseas spending. Launched in 2018, it allows you to spend in 150+ currencies worldwide with zero hidden fees. The YouTrip card annual fee is a friendly S$0, too!
Its core features are geared towards travellers:
- Competitive Exchange Rates: It uses its own wholesale exchange rates for its 12 supported currencies and Mastercard’s rates for other currencies. Both are often very close to the mid-market rates you will find on search engines.
- No FX Fees: There are no foreign currency transaction fees on all spending.
- Currency Lock-In: You can lock in favourable exchange rates for the 12 supported currencies directly in the app before your trip.
- User-Friendly: The app is simple, intuitive and designed for easy top-ups via PayNow, bank transfer, or credit and debit cards.
Paying in the local currency also automatically protects you from DCC. While there are no annual fees, be mindful of the overseas ATM withdrawal limit: you get S$400 free per month, after which a 2% fee applies. There is also a daily withdrawal limit of S$5,000.
Pros and Cons of YouTrip
| Pros | Cons |
| ✔ Zero FX fees and no annual fee | ✘ No cashback on spending |
| ✔ Competitive wholesale exchange rates | ✘ Free ATM withdrawals capped at S$400/month |
| ✔ Able to lock in rates for 12 currencies | ✘ Requires pre-loading of funds |
Trust Card vs YouTrip: Fees Comparison
Here is a side-by-side look at the fees for both cards, based on official sources.
| Fee Type | Trust Cashback Card | YouTrip |
| Card Issuance Fee | None | Free on sign-up |
| Annual Fee | None | None |
| Interest Charges | 27.9% p.a. (credit function, if not fully paid) | None (prepaid card) |
| Late Payment Fee | S$100 | N/A |
| Overseas ATM Withdrawal | None (from Trust’s side) | Free up to S$400/month, then 2% |
| Currency Conversion Fee | None (uses Visa rate) | None (uses proprietary wholesale/Mastercard rate) |
| Top-up Fee | N/A | Free with PayNow, Mastercard credit or debit cards, Visa debit cards
1.5% fee for Visa credit cards |
Comparing Trust Card vs YouTrip Exchange Rates
The way each card determines its exchange rate is a key differentiator.
- Trust card uses the Visa exchange rate, which is very close to the mid-market “Google/search engine rate”, and Trust adds no markup.
- YouTrip uses its proprietary wholesale exchange rate for its 12 supported currencies and the Mastercard wholesale rate for all others, also with no hidden markups.
Based on rates from 10 March 2026, YouTrip often has a slight edge. Here’s an illustrative comparison of how much foreign currency you’d get for S$100:
| Currency | YouTrip (approx.) | Trust Card (approx.) |
| Malaysian Ringgit (MYR) | 308.60 MYR | 308.20 MYR |
| US Dollar (USD) | 78.75 USD | 78.42 USD |
| Japanese Yen (JPY) | 12,299 JPY | 12,212 JPY |
| Thai Baht (THB) | 2,490 THB | 2,465 THB |
| British Pound (GBP) | 58.60 GBP | 58.40 GBP |
| Australian Dollar (AUD) | 111.50 AUD | 111.20 AUD |
| Euro (EUR) | 66.60 EUR | 66.44 EUR |
| South Korean Won (KRW) | 113,500 KRW | 113,200 KRW |
| Chinese Yuan Renminbi (RMB) | 540.80 CNY | 540.50 CNY |
Note: These are illustrative examples based on market data and may vary slightly at the point of transaction.
Verdict: Trust Card vs YouTrip
So, which card wins? The answer depends on your spending habits.trustChoose YouTrip if:
- You’re a frequent traveller and your main priority is getting the best exchange rate and avoiding fees while overseas.
- You want the peace of mind that comes with locking in a favourable rate for its 12 supported currencies before your trip.
- You prefer a simple, prepaid wallet to help you budget your travel funds.
Choose Trust card if:
- You want a single card that works well for both local (earning unlimited 1% cashback) and overseas spending (unlimited 0.5% cashback), and you’re not overly concerned about getting the absolute best FX rate out there.
- You value the benefits and fraud protection of a credit card and don’t want to pre-load funds.
Ultimately, the optimal strategy for many savvy users is to carry both: use the YouTrip card for the bulk of your overseas spending to get the best rates, and keep the Trust card as a backup for local cashback and for situations where you need a credit card abroad. As it stands, not every merchant overseas accepts debit cards for payment!
No matter which card you choose, managing your travel finances is just one part of your financial health. If you’re planning a big trip and need to budget, you might find our guides on personal loans and easy budgeting frameworks helpful.
For smaller, short-term needs, understanding options like a payday loan can be useful. And for managing travel expenses flexibly, our Buy Now, Pay Later (BNPL) guide offers valuable insights. For a deeper dive into other multi-currency options, check out our comparison of Revolut vs YouTrip, a full Trust card review, the Wise vs YouTrip comparison guide, and our Mari Credit Card review.
Happy travels!
