If you are working abroad, have your child’s overseas education fees to pay, or frequently import supplies from other countries, you’d be looking to do an international money transfer.
Save over 76% on transfer costs with CardUp
Sending money overseas can be tricky. It takes a while to find a remittance provider that gets you the most benefit at the lowest cost. With all the providers in the market offering different exchange rates (that may consist of hidden markups), and high transfer fees that are not shown upfront to you - you could be paying more than what it would actually cost!
But here’s the game-changer.
You can now send money overseas via credit card and bank transfer at the best exchange rates, and the lowest fees on CardUp. Plus, your overseas payments are eligible for earning air miles, cashback, or points when you pay by credit card - which you would have otherwise missed out on.
1. Enjoy real exchange rates
Why pay more when you can pay less? Make your overseas transfers with competitive real-time exchanges rate with no hidden markups on CardUp. Enjoy all-day low rates on major currencies such as USD, EUR, JPY, AUD, HKD, GBP and more – perfect for all your overseas payments including (but not limited to) rent, goods & services, and school fees.
Most–if not all– international money transfers do not earn you rewards. At CardUp, we aim to maximise the benefits of your credit cards and lower your fees. This means that your credit card transfers via CardUp will earn you miles, cashback or points (according to the base earn rate of your credit card).
In addition to credit card rewards, you will also defer your cash outflow till your card bill is due up to 2 months later – a great benefit for those who prefer using their cash on hand for other expenses.
3. Multiple transfer methods, all at low costs
CardUp offers two ways to transfer money overseas – via bank transfer or credit card transfer.
You may be familiar with the bank transfer method as it is often the cheapest money transfer method. When you set up a bank transfer on CardUp, the exchange rate gets locked in and secured as soon as your payment is created. This means that whatever exchange rate you confirmed at set up, is the rate that you’ll enjoy when transferring funds.
What's better? There is no CardUp fee when you choose the bank transfer option - yes, 0% CardUp fees!
Bank transfers are currently available for business users only. Personal users do stay tuned for more updates.
Credit card transfer
This method is often chosen when individuals want to defer their cash outflow, as most remittance providers charge a fixed and hefty credit card fee of 3% or more and do not allow rewards to be earned on the payments.
With CardUp, you would now find credit card transfers a more efficient way to send money abroad because of the credit card rewards you can earn, and the flexible credit card fee ranging from 1.3%-1.8% per transaction when you apply a promo code.
And of course, the best exchange rates apply.
Real exchange rates & extra benefits
No transfer fees
No platform fees
No cable fees
Lock in exchange rates upon setting up payment
Low credit card fee of 1.3%
Credit card rewards guaranteed (even on any fees you pay)
Defer cash outflow until your card bill is due up to 2 months later
Track your payment status easily on a dashboard
4. Full transparency, no hidden or unnecessary fees
Why is it important to us that all fees are presented upfront? Because we know how much it sucks to only find out at the last stage of your payment setup that there are multiple hidden charges jacking up the final amount you pay - we hate this too!