YouTrip Review – Best Card for Overseas Travel? I am a big fan!



So I’ve heard a lot of rave reviews about YouTrip.

Almost everyone I know that used YouTrip on an overseas trip seems to love it.

So in my recent trip to Indonesia, I finally decided to give YouTrip a try.

And boy… do I get the hype.

YouTrip offers you foreign exchange rates that are basically as close to interbank spot rates as it gets.

By my calculations, YouTrip gave me a 0.33% spread vs the interbank.

While the UOB card I used on the same trip gave me a 3.4% spread vs the interbank – 10 times higher.

That’s just an unbelievable exchange rate.

So yeah… I am a big fan of Youtrip, and if you haven’t already tried it out, it’s well worth trying on your next holiday / overseas trip.


Referral Code for YouTrip

Referral Code below if you’re new – you get $5 extra when you activate your card and make your first top up.

But I do suggest reading the rest of this review first before deciding if YouTrip is for you.

FH referral link: 

How does YouTrip work?

Basically the way it works is this.

When you sign up for YouTrip, you will get a card (both physical card and virtual card – for Apple / Android pay).

This card basically functions like a debit card.

So you need to top up SGD into your account.

Then let’s say you go to Indonesia and spend in Rupiah using the YouTrip card.

Once you pay in Rupiah, YouTrip will immediately deduct the equivalent amount in SGD from your account.

This is a Mastercard, so it is accepted in all merchants that accept Mastercard.

How good are the foreign exchange (FX) rates? Very, very attractive…

Why is YouTrip so good you ask?

Well one simple reason.

The foreign exchange (FX) rates are very, very attractive.

On my recent trip to Indonesia, YouTrip gave me an exchange rate of 11,441 Rupiah per SGD.

The interbank rate at the same time, was 11,479 Rupiah per SGD.

This meant that the YouTrip exchange rate was basically a 0.33% spread vs the interbank rate.

Which safe to say, is very, very attractive.

As comparison, I used a UOB card just as a benchmark as well.

UOB gave me a rate of 11,088 Rupiah per SGD.

That’s a whopping 3.4% spread vs the interbank rate, more than 10 times what YouTrip charged me.

What about other foreign currencies?

Now for the record – I only tried YouTrip with the Indonesian Rupiah.

But dig around online and you’ll find that the rates YouTrip offers for other currencies are equally attractive.

Here’s a nice chart from Turtle Investor where he compared YouTrip card against other competing cards, for a USD charge.

YouTrip offers the best rates among the other fintech players, which is broadly in line with my own experience above.

You can also change the foreign currency ahead of time in YouTrip

Do note that the approach above assumes that you just accept YouTrip’s exchange rate.

Ther other approach – is that if you think current exchange rates are very attractive, you can actually exchange some SGD ahead of time.

For example – I know many Singaporeans going to Japan this year end.

With the SGD / JPY literally at multi decade highs.

Some of you may choose to lock in the JPY exchange rates today.

In which case you can use YouTrip to exchange SGD into JPY today.

And when you go to Japan, you just pay using the YouTrip card in JPY that you already changed.

The 10 currencies which support this feature are:

  • Singapore Dollar (SGD)
  • United States Dollar (USD)
  • Euro (EUR)
  • Great Britain Pound (GBP)
  • Japanese Yen (JPY)
  • Hong Kong Dollar (HKD)
  • Australian Dollar (AUD)
  • New Zealand Dollar (NZD)
  • Swiss Franc (CHF)
  • Swedish Krona (SEK)

Exchange rates via this method are equally attractive – the main difference is allowing you to lock in rates before your trip.

How does YouTrip make money if the exchange rates are so good?

Well us Singaporeans are a cynical bunch.

Give us a terrible exchange rate and we’ll complain.

Give us a fantastic exchange rate and we’ll say – “too good to be true lah, how they make money”?

I was equally curious.

And it turns out, this is their answer:

“Whenever you spend with your YouTrip card, we take a small commission of each purchase from the merchant through Mastercard. This makes up our revenue. We don’t impose any commission or markups on users for making a purchase with their YouTrip card, or for exchanging currencies at Wholesale Exchange Rates in the YouTrip app.”

Fair enough I suppose.

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Security features of YouTrip when you are overseas

The other benefit of having a dedicated card for overseas spend.

Is that if you happen to lose your card while overseas.

You just have to cancel that one card.

The YouTrip app has a one-click lock system.

So if ever you lose the card and need to block it, it’s as simple as logging into YouTrip and pressing lock.

There’s also instant payment alerts for each payment you make.

So if you’re tracking how much you spend while on holiday, this is a great tool as you can instantly see how much you spent in SGD.

The other security feature is that this is not a credit card, so there is no credit line.

Which means if you lose the YouTrip card, the max that the thieves can charge to your card is the amount in that account.

Whereas if you lose a credit card with up to $50,000 credit line, things can get messy if there are charges before you manage to cancel it.

Drawbacks of YouTrip?

The YouTrip server did go down for a couple of hours while I was in Indonesia.

During this time I couldn’t make any payments via the YouTrip card at all.

I was lucky in the sense that I brought a UOB card along to benchmark the fees, so I simply used the UOB card to pay instead.

I suppose the lesson here is that you want at least 2 credit cards while overseas, just in case 1 goes down.

Do also note that if you use YouTrip for things like Hotel deposits or Rental car deposits, the amount of deposit will be “deducted” from your account immediately because this is a debit card.

So for deposits it might still be better to use a credit card.

Do also note that I couldn’t find any way to withdraw the money once it was topped up into YouTrip (max amount that can be topped up is $5,000).

But this is a debit card, so even if you can’t withdraw it you can just spend the money in Singapore if you want to finish it.

But worth noting, in case you decide to top up a large amount with no plans of spending it.

My general experience with YouTrip?

I actually really enjoyed my experience with YouTrip in Indonesia.

I can top up my YouTrip account via Paynow while overseas no problem, as long as I had access to internet.

I could also see the transactions taking place in real time, which gave me the confidence that YouTrip was giving me very competitive exchange rates.

And frankly, that’s exactly all I needed in an overseas payment card.

Review – Is YouTrip worth it?

In my view – yes absolutely.

Having used YouTrip on my recent trip, I can absolutely see why everyone raves about it.

Having a dedicated card for overseas travel and spend is good practice from a security standpoint.

And the foreign exchange rates are absolutely fantastic.

If you’re going overseas the end of the year.

It’s well worth checking out.

Referral Code below if you’re new – you get $5 extra when you activate your card and make your first top up.

Referral Code for YouTrip

Get S$5 when you make your first top-up.

Sign up with the FH referral link: 

Closing Thoughts: YouTrip just raised US$50 million in financing

As reported by Channel News Asia, YouTrip just raised an additional US$50 million in financing via a Series B.

They also reported some interesting bits of information, for example:

  • YouTrip now processes US$10 billion in payments annually – comprising money that users spend while travelling overseas, shopping on international sites and corporate spending by small- and medium-size enterprises using YouBiz.

  • YouTrip has grown 200 per cent year-on-year and reached profitability in April this year

  • YouTrip also plans to introduce new features after the Monetary Authority of Singapore (MAS) increases the amount of money that can be stored in e-wallets from S$5,000 to S$20,000 (US$3,600 to US$14,600). The 12-month payment limit will also increase from S$30,000 to S$100,000. The changes are slated to happen sometime this year.

It looks like YouTrip is doing well so far, and has more features in the pipeline.

That’s always a good thing.


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 The content here is for informational purposes only and should NOT be taken as legal, business, tax, or investment advice. It does NOT constitute an offer or solicitation to purchase any investment or a recommendation to buy or sell a security. In fact, the content is not directed to any investor or potential investor and may not be used to evaluate or make any investment. Do note that this is not financial advice. If you are in doubt as to the action you should take, please consult your stock broker or financial advisor.


  1. Thank you for the Review on YouTrip – Pros and Cons. I was thinking of merchants take-up rate (F&B, Shops, transport etc) in Indonesia. Without knowing the take-up rate of YouTrip by merchants, it might be difficult for me to have balanced assessment.

    • Oh it’s a Mastercard. So any merchant that accepts mastercard will be able to accept YouTrip.

      In my recent trip to Indonesia, would say I could use it at about 80-90% of merchants? Best to bring some cash / other card too, just in case there are any issues.

  2. I have both Youtrip and Revolut. Both are very similar in their offerings except for perhaps the number of currencies that you can exchange first before your overseas trip (I think Youtrip has more countries). However, one thing that is really important to me is the ability to withdraw the unused balance back to bank account for Revolut. To me that is the deciding factor. Yes for Youtrip you can use your balance in Singapore, but why use Youtrip when you can use your credit card for points / miles.

  3. I have been using Revolut and it has all the features of YouTrip. Although the exchange rate is marginally worse than YouTrip as given in your example, it has the advantage of being able to exchange up to 32 currencies in advance and the ability to transfer money in the wallet back to my bank account which is extremely useful.

  4. could you consider a post on
    1) savings using FX rates on YouTrip vs
    2) earning miles on a CC for overseas spend –> how the miles convert to dollar savings when purchasing ur next flilght

    thank you


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