UK direct debit travel card Currensea has launched a new partnership with Singapore Airlines, offering cardholders two Krisflyer miles for every £1 they spend abroad.
For those unfamiliar with the Currensea concept, the card uses open banking to link directly to an existing bank account, with purchases being debited without the need to preload the card with funds.
A free version of the card allows up to £500 free-free cash withdrawals per month (1.5 per cent fee after that). The card uses the Mastercard exchange rate but places a 0.5 per cent fee on foreign exchange.
A Premium card is also available for £25 per year, which removes the foreign exchange fee, and an Elite card (£120 per year) offers an additional £250 fee-free cash withdrawals per month, as well as other benefits including access to LoungeKey airport lounges, and Avis Presidents Club membership.
Note that customers opting to earn Krisflyer miles via their Currensea spend, will be converting a percentage of their savings versus high street banks – exact details can be found on the Currensea website here.
For our recent guide to the best credit and debit cards for travelling, see:
Commenting on the news James Lynn, co-founder of Currensea, said:
“We’re over the moon to see so many customers back travelling in green list countries and making great savings with their Currensea cards.
“With many of us dreaming of a big holiday a bit further afield, we’re delighted to offer British travellers this first-of-its-kind feature, where they can start saving for a trip of a lifetime to somewhere on the other side of the world, without worrying about the fees associated with the credit cards who normally offer loyalty rewards points as a perk.
“A big thank you to our new partner Singapore Airlines for working with us to create such an exciting benefit for British travellers!”
