I will END the Debate on Instarem Amaze vs YouTrip

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Disclaimer: Information provided in the video are not meant to be taken as professional financial advice and are strictly for entertainment purposes only. The content shared is based on the creator’s personal experience and results may vary from each individual’s personal finance situation i.e. DYOR

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Instarem Amaze
- Allows you to link your mastercard to Amaze, then use Amaze card to pay
- E.g. Citi Rewards MC, UOB Lady’s Card, Citi Cashback MC, Maybank F&F
- Continue to earn 4 mpd or 8% Cashback on eligible spend, while avoiding foreign currency fee
- No top-up to wallet required, but amaze wallet is available

FX spread 1.5%-2%
Earn back 1% as Instapoints for non-excluded spend, which can be cashed out

YouTrip
- Similar to Revolut, TRUST, BigPay, Wise
- Prepaid Wallet, requires top-up
- Allows you to exchange and store selected currency
- Allows you to withdraw cash with $5 fee overseas

Much lower FX spread at 0.3%-0.5%
No rewards for topping now after Grabpay nerf

Comparing the cost & benefits
- Instarem Amaze: Earn 4 mpd or 8% Cashback + 1% instapoints, spend 1.5%-2% FX spread.
- Value miles at 1.25 cents per mile, 4 mpd = 5% Cashback
- Net Cashback = 5+1-2 = 4%
- YouTrip: No rewards for topping up, spend 0.3%-0.5% FX Spread. Net -0.5% Cashback
- My personal preference is to use Amaze because no need to top-up, part of Single card strategy
- Pick your own poison

#Sponsoredby #Webull

[HoneyMoneySG]

STOCK BROKERS & INVESTING

CREDIT CARDS & PAYMENT APPS

E-COMMERCE & SHOPPING
🏬 Lendlease Plus $5 referral code NsHQKY
🐠 Marina Square $5 referral code EoQjdG

ROBO-ADVISORS

CRYPTO

TRAVEL INSURANCE

PROFESSIONAL FINANCIAL PLANNING:

If you sign up for any of these services using my link, I will earn a small commission which helps support my channel at NO additional cost to you. And you will definitely get some referral benefits as listed here!

Disclaimer: Information provided in the video are not meant to be taken as professional financial advice and are strictly for entertainment purposes only. The content shared is based on the creator’s personal experience and results may vary from each individual’s personal finance situation i.e. DYOR

[johcx]

So basically... if you have a very rigid spending or kinda do your homework, then it is obvious Instarem or other cashless payment options that you have mentioned (since its just stacking what is linked as well). Youtrip is more like for withdrawing cash overseas or having a better money exchanger... abit more flexible (to a certain extent).

[ibrahim]

Isn't Revolut clearly better than youtrip or am I missing something?

[vernicelizeify]

recently there is double charges for same transactions made in Japan on Instarem. contacted instarem if said merchants settled using different code so charges appeared twice, will take 8 to 14 days for first charge to be reversed out. this will take up credit limit and may have to pay credit card bill and wait for refund in next cycle. very troublesome.

[trinzyguy]

Have been noticing recently that Amaze FX rate is horrible, with a spread of > 1% with prevailing exchange rate. At least for MYR and THB. Not sure if anyone else experiencing the same.

[sydznl]

How do you derive the value per mile Of 1.25?

[bendontan]

Hihi, Can we use Amaze to pay bills, hospital and insurance?

[reddotfoodtravel]

is there a min overseas spend per transaction for instarem to clock miles for citibank? i recalled reading a long time ago that its $5 sgd per transaction?

[chilly]

What savings account do you use if you are using Citirewards as your single CC strategy?

[bertbertbert]

Just tried both youtrip and amaze in korea. youtrip was 978 won per sgd. amaze was 948 won sgd. Am i doing it right on amaze card?

[Minority]

do amaze have any issue for overseas purchase TAX rebate to the same card?

[willwtwl]

When i spend with Instarem Amaze tagging to CITI Rewards, does it considered as a online spend at guaranteed a 4 miles on the CITI Rewards card regardless of the categories of spend?

[haiziwang]

Hi Chris, if you use your credit card to top up Youtrip, does it not give any cashback? If so, Youtrip cashback should not be -ve?

[paulow]

if i use citi rewards to link with Amaze to do paypal transactions to people overseas > any cash back from citi rewards? normally i use YouTrip for low FX spread

[JeromeTan]

how about linking to Citi Premier miles? 1mile per $? how do you calculate the % cash back in this case?

[therelaxchannel]

Hi what does FX spread means in your video?

[Quest]

While you state youtrip has a better FX spread than amaze, I've actually tested and there are times when the FX is better on amaze. Might be due to how often they refresh, but it makes the comparison very hard.

[yuanchyi]

Hi Chris, where did you find the amaze FX spread of 1.5-2.0% documented?

[simongoh]

I think not every spend on Citibank Rewards earns you 4 MPD right?

[stephentang]

Do you know if I can use Instarem Amaze card in Taiwan?