Instarem Amaze Card Singapore Guide 2026: Fees, Rewards & Is It Worth It?

Everything you need to know before swiping with Amaze overseas. 

The Instarem Amaze card has built a reputation among Singaporean travellers and online shoppers for avoiding hefty foreign transaction fees and offering competitive Instarem exchange rates. Its unique perk? You can link up to five Singapore-issued Mastercards to consolidate payments and (sometimes) earn rewards.

But with new fees, bank exclusions, and alternatives like YouTrip, is the Instarem Amaze Card still worth it in 2026? This guide breaks down how the Amaze card works, its fees, rewards, pros and cons – and where it fits into your wallet in 2026.

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TL;DR: Instarem Amaze Card at a Glance

Table of Contents:

1. What is the Instarem Amaze Card
2. Instarem Amaze Card Fees
3. How does the Amaze Card Work?
4. Amaze Exchange Rates
5. Amaze Card & Citi Rewards
6. Singapore Travel Card Comparison
7. Amaze Card Miles & InstaPoints
8. Pros and Cons: Is the Instarem Amaze Card Worth It?
9. FAQs

What is the Instarem Amaze Card?

Image Credits: Instarem

The Instarem Amaze Card is a multi-currency debit card from Instarem, a Singapore-based fintech known for international money transfer services.

Key features: 

• Card Linking: Link up to five Singapore-issued Mastercard debit or credit cards. Purchases are charged in SGD at the Instarem exchange rate, avoiding the usual 3-3.5% foreign transaction fees from banks. 
  
• Multi-currency Wallet: Top up and spend in 11 currencies via the Amaze Wallet. 
  
• Rewards Potential: Depending on your linked card, you might still earn miles or cashback.

Also read: iChange Vs YouTrip comparison guide

Instarem Amaze Card Fees

Here’s the latest breakdown of Amaze Card Singapore fees in 2026:

• Annual Fee: None.
• Foreign Transaction Fees: 0% 
• Local (SGD) Transactions: 1% fee (min S$0.50) when using a linked Mastercard. Free if paying from the Amaze Wallet.
• Overseas ATM Withdrawal Fee: 2% fee on all amounts withdrawn
• Amaze Wallet Top-Up: Free via PayNow.
• Instarem Transfer Fees: Variable fee from 0.4%, depending on currency and payment method.

While still attractive for overseas spending, the new 1% local fee makes Amaze less ideal for local spending (SGD) compared to fee-free alternatives like YouTrip.

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Instarem Amaze Card for Overseas Spending: How Does Amaze Work?

The Amaze Card is a debit card that can be funded in two ways: 

1. Amaze Wallet (topped up with SGD and converted into foreign currency) 
2. Linked debit or credit card (up to 5 Mastercards) 

Think of Amaze as a “passthrough card” – whatever you charge on Amaze gets instantly billed to your linked card (unless you’re spending from the Amaze Wallet). 

Here’s how they compare: 

Note: You can’t mix both funding sources in one transaction. If your Amaze Wallet doesn’t have enough balance, the payment won’t automatically top up from your linked card. 

Travel smart: Best DBS Miles Credit Cards In Singapore

Amaze Exchange Rates

The Amaze Card’s biggest selling point is overseas spending. Instarem’s exchange rates are often close to the mid-market rate and much better than banks, which typically add a 3-3.5% markup.

For travellers, this translates into savings on every overseas swipe. But watch out: rates can be weaker on weekends, and some shops may charge you in SGD instead of local currency (DCC), which eats into your savings. 

*Rates taken as of 20 Feb 2026

YouTrip edges out Amaze across all four currencies tested

Learn more: HSBC Everyday Global Account (HSBC EGA) Singapore Guide

Earning Amaze InstaPoints

You can earn InstaPoints when spending with your Amaze Card, depending on your funding source: 

Key things to know: 

• InstaPoints are only earned when spending via the Amaze Wallet — linked card transactions do not earn InstaPoints (removed March 2025)
• Min. spend of S$10 is required to earn points 
• There’s no monthly cap 
• Points are credited instantly after the transaction 

Redeeming InstaPoints

InstaPoints can be redeemed for: 

• Discounts on Instarem funds transfers
• KrisFlyer miles

Expiry: InstaPoints expire 12 months from the date they’re credited

Check out: Best Singapore Credit Card For Overseas Spending

Using Amaze Card with Citi Rewards

Many Singaporeans have used the Amaze Card to maximise their credit card benefits while earning InstaPoints. A popular combination has been Citi Rewards and Amaze, which allowed users to enjoy: 

• Instarem’s favourable exchange rates 
• Instapoints from Amaze transactions 
• Citi Rewards on spending

What’s changed? 

Recent updates from Instarem (as of 10 Mar 2025) have reduced the perks of this pairing: 

• No InstaPoints from linked card transactions – spending via Amaze no longer earns points directly. 
• InstaPoints can only convert to KrisFlyer miles, not cash, and at a low return rate. 
• Banks like Citi, DBS, and UOB have now excluded Amaze transactions from bonus rewards categories, limiting stacking potential. 

Is it still worth using Citi Rewards with Amaze? 

It depends on your spending habits: 

• Pros: You still get good FX rates and Citi Rewards miles (up to 4 mpd) on online transactions – except for travel, in-app mobile payments, and the general exclusions list – capped at S$1,000 per statement month. 
  
• Cons: The 1% fee on SGD transactions hits domestic spending hard, and you no longer earn InstaPoints or cash rewards from Amaze. 

Learn more: CashChanger.co Vs YouTrip: Where To Get The Best Exchange Rate In Singapore?

Singapore Travel Card Comparison: Amaze Card vs YouTrip

Features	Amaze	YouTrip
Wallet Currencies Available for Exchange	11	12
Annual Fees	None	None
Transaction Fees	FX transactions: No fees Domestic (SGD) Transactions: 1% fee (min. S$0.50) when paired with a linked card	FX transactions: No fees Domestic (SGD) Transactions: No fees
Overseas ATM Withdrawal Fees	No free monthly withdrawals *2% fee on all amounts withdrawn	S$400 free per month  *2% fee applies thereafter
Bank Withdrawals	Available via PayNow	10 free bank withdrawals/month For more than 10 bank withdrawals: Request for a refund (S$10 processing fee)Unavailable
Wallet Limits	Top-up: S$15,000 Annual spending: S$75,000	Top-up: S$20,000 Annual spending: S$100,000
Perks	InstaPoints	Cashback, Insurance, Travel Deals with YouTrip Perks

Verdict: If you’re chasing credit card miles, Amaze still has a niche. But for straightforward, low-cost overseas spending, YouTrip has no fees and competitive FX rates.

For a more in-depth comparison, read: Best Multi-Currency Cards In Singapore: A Full Comparison Guide

Pros & Cons: Is the Amaze Card Worth It?

Pros

• No foreign transaction fees 
• Favourable exchange rates 
• Link up to 5 Mastercards 
• InstaPoints rewards

Cons

• 1% fee on SGD spend 
• Multiple banks have excluded Amaze from rewards 
• 2% ATM withdrawal fee on all amounts withdrawn 
• Bank withdrawals are not available 

Verdict: The Amaze Card is still useful for those who want to avoid FX fees and occasionally earn rewards. But for travellers who prioritise zero fees, better FX rates, and hassle-free overseas spending, consider the YouTrip card as an alternative.

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Final Take

The Instarem Amaze Card still has its perks — mainly in avoiding hidden bank fees and earning a small stream of KrisFlyer miles via InstaPoints. But with the Citi Rewards pairing nerfed and cashback gone, its appeal has dulled compared to its glory days. For another travel card alternative, consider YouTrip.

Singapore’s go-to multi-currency wallet helps you save with great FX rates and zero fees. Skip the fees and get a free YouTrip card + S$5 YouTrip credits with code <YTBLOG5>.

Don’t forget to explore our YouTrip Perks page for exclusive deals, join our Telegram (@YouTripSG) for weekly tips, and connect with fellow travellers on @YouTripSquad.

Safe travels and happy savings!

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