When I went on my first-ever solo trip as a backpacker in the Netherlands, all I had was a poor old UOB One Debit Card, issued when I was a pimply 17 year old, who had just drawn his first pay check stacking shelves at Prime Supermarket.
I was scared of tapping everywhere, because even 17 year old me knew that the banks took an incredible amount of money from you.
Later, with my horrid $3690 starting salary as a social worker, I had to continue lugging along cash to trips so that I wouldn’t have to hit the additional 2% charge.
But 11 years later, in November 2024, with the introduction of Trust’s Cashback Card, I was now able to tap, without worrying.
I’ve found it.
The ultimate card for overseas and foreign currency spending. And nope, it doesn’t go to DBS, no matter how fancy its annual report design looks.Â
How it compares to your local banks
If you use your local banks, you will quickly see that they have a markup that starts from about 2%.

But how about YouTrip?
If you look at the rates below, you would quickly see that
Rates | Trust | Youtrip | DBS |
---|---|---|---|
1 SGD converted to JPY | 114.22 | 115.304 – using the Mastercard Wholesale Rates | 113.8304 |


But what you might not see is that Trust immediately gives a cashback of 1%, which quickly bumps up the rate for you.
Just take a look at this supermarket purchase I did on 5 Jan 2025. Trust Cashback immediately credited the cashback, no questions asked.

So if you ended up adding up the 1% cashback, your SGD to JPY rate would be 101% x JPY114.22, which works out to JPY115.3622.
That’s a much better rate.
Yes, they say the 15% is misleading
Of course, there are those that report that the 15% cashback is misleading. It definitely is.

Trust has been unable to properly classify transactions, even when they seem to be clearly under the category of Shopping,
You can see here that they haven’t classified clear Amazon shopping buys under the shopping category.
That said, it wouldn’t be easy to hit any of the cashback categories, unless you’re a very heavy spender. As you can see, even when I’ve spent about $2000 a month on my publishing business expenses to write books, I still haven’t qualified a single time for the bonus cashback.
But what makes Trust Cashback Card great is really the little collection of features.

AutoPay so you never miss another billing date
For one, the Auto Pay feature is something I’ve really admired. Keeping track of all your billing datelines is tough. But with the AutoPay feature, you just have your Credit Card debt cleared, every month, on time, on target, without much fuss.


Now, that’s special. Compare this to the other local banks, which immediately charge you once you miss a payment deadline. You can see Trust is still generally aligned to the NTUC mission to do good for the everyday consumer, rather than ripping every dollar off them.
The deals make life funner
What’s better is the variety of deals they share under the Trust Bank App.
I’ve enjoyed some great deals under the Trust App, with small things like burgers, fast food meals, made all the more cheaper with the help of the Trust Card app.

You can see from the above that deals like those from Agoda make it easier to just save money from normal, everyday spends. This makes it another nifty feature under the hood.
But what’s the most important feature for me has been its Automatic classification of the different spends. They classify it quickly, with every spend automatically being assigned to one category.
The highest you’ve spent in a single category is also quickly visualised with a little monster, as seen below.

Faster load times
What I love best is the fastest loading time, compared to the other local banks.
If you just imagine that you use your banking app twice a day, you might quickly get frustrated by the amount of time you spend waiting for the app to load.

I love Trust because of how fast it loads.
Really.
The only downside? It doesn’t let you switch off notifications
As someone who’s been trying to use less of my phone, it’s been frustrating not being able to cut the amount of notifications coming through from Trust.
I get that it’s trying to grow the conversions that come from its other products and services, and to remind you that you’ve spent on certain things, but after a while, it does get frustrating to keep having to read about their Travel-Shiok Insurance promotion.
I personally hate that.
But other than that, Trust’s Cashback Credit Card has become my card of choice for every spend in a foreign currency, because of how it lacks the additional fees you usually pay.
Use the Trust Cashback Card. It’s really the better and cheaper card.