The Trust Freedom Credit Card now lets you earn miles instead of cashback or Stockback. With the Miles option selected, you’ll earn 1.3 miles per dollar on eligible local and overseas spending, without paying a foreign transaction fee to Trust.
That makes it much more interesting as a travel card. The earn rate alone isn’t particularly exciting, but earning miles without an additional foreign transaction fee is a combination we’d consider for overseas purchases.
This is our full review of the Trust Freedom Credit Card, previously known as the Trust Cashback Credit Card. We’ll focus on its Miles option here.
Earning Miles
| Spending | Earn rate |
|---|---|
| Eligible local spending | 1.3 Trust Miles per S$1 |
| Eligible overseas spending | 1.3 Trust Miles per S$1 |
You’ll earn Trust Miles when you spend on the card with Miles selected as your reward type. These can later be converted into KrisFlyer miles or HeyMax Max Miles.
To select miles, head over to the “Rewards” tab, then tap the “Switch quarterly reward” button.
Trust’s Miles programme awards miles for every S$5 spent. Keep this in mind for smaller purchases rather than assuming every dollar earns exactly 1.3 miles.
Overseas Spending
This is the main reason we’d consider using the Freedom card.
You get the same 1.3 mpd overseas, but Trust doesn’t add a foreign transaction fee. Foreign-currency purchases are converted using Visa’s exchange rate.
From our experience, Visa’s exchange rate has generally been close to the mid-market rate. It isn’t a guaranteed match, but we’re comfortable using it for overseas spending.
Do remember to pay in the local currency. If a merchant offers to charge you in Singapore dollars, its conversion rate can wipe out the savings from using a card with no foreign transaction fee.
I’d consider the Freedom card for eligible overseas purchases that don’t fit my other cards’ bonus categories, or after I’ve used up their bonus caps. I wouldn’t automatically choose it over a higher-earning card, though. The extra miles have to be weighed against any fees you’d pay to earn them.
Local Spending
For local spending, the card is much less compelling.
The no-FX-fee benefit doesn’t help with a normal Singapore-dollar purchase in Singapore. You’re left with a 1.3 mpd earn rate, which isn’t a reason for us to switch spending away from our higher-earning cards.
I wouldn’t use it as my default local-spend card just to earn miles. The sign-up offer is a separate consideration, which we’ll cover below.
Excluded Transactions
A flat earn rate doesn’t mean every payment earns miles.
Trust excludes transactions such as insurance premiums, AXS and SAM payments, account top-ups and cash advances. Its exclusions also cover specified merchant categories for utilities, rentals, education, government payments and charitable services, among others.
Check the full list of excluded transactions before putting a large bill on the card. I’d be especially careful with payments outside normal retail spending.
Transfer Partners
| Transfer partner | Conversion ratio |
|---|---|
| Singapore Airlines KrisFlyer | 1 Trust Mile : 1 KrisFlyer mile |
| HeyMax Max Miles | 1 Trust Mile : 1 Max Mile |
Trust advertises instant conversion to both partners. This is useful when you have a redemption in mind and don’t want to wait for a bank transfer to come through.
We personally value Max Miles more highly than KrisFlyer miles because of their flexibility. That doesn’t mean KrisFlyer is the wrong choice; I’d transfer to whichever programme I actually plan to use for a redemption.
We’ve used Max Miles for Air Canada Aeroplan redemptions in the past for amazing flight experiences such as our recent Turkish Airlines Business Class flight from Romania back to Singapore.
Each successful conversion costs S$27.25, including GST, according to Trust’s Miles Redemption Terms. The minimum transfer is just one mile, but the fee is the same regardless of how many miles you transfer.
Because of this, we’d accumulate a larger balance before making a transfer. Being able to move a tiny number of miles instantly isn’t particularly useful if you’re paying S$27.25 each time.
Sign Up Offer
Trust advertises up to 100,000 Max Miles for new Freedom cardholders who select Miles and meet the spending requirements.
| Minimum qualifying spend | Advertised Max Miles reward |
|---|---|
| S$1,000 | 20,000 |
| S$5,000 | 50,000 |
| S$15,000 | 100,000 |
These are the reward levels shown on Trust’s offer page, not three amounts to add together.
The important catch is that the offer is only available to selected customers who receive the relevant Quest in the Trust App. You must select Miles as your initial reward type and have no existing or cancelled Trust credit card.
If you’ve held a Trust credit card before, such as the old Trust Cashback Credit Card like we have, you’re out of luck for this promotion.
Under the official promotion terms, qualifying transactions must be posted within 31 days of approval or by 30 November 2026, whichever comes first. Your Quest sets out the applicable promotion period and milestones.
The reward comes through digital scratch cards, with codes to redeem in HeyMax. Both the scratch cards and Max Miles codes must be redeemed by 31 December 2026. The bonus is Max Miles, not KrisFlyer miles.
The S$1,000 tier is the one I’d look at first. It has a much more manageable spending requirement than the S$15,000 needed for the headline reward. I wouldn’t manufacture extra purchases just to reach a higher tier, and I’d check the Quest before committing any spending to the offer.
Fees
| Fee type | Amount |
|---|---|
| Annual fee | None |
| Foreign transaction fee charged by Trust | None |
| Miles conversion fee | S$27.25 per successful transfer |
Not having an annual fee makes the Freedom card easy to keep for occasional overseas use. There’s no annual waiver request to worry about.
However, no annual fee doesn’t mean no fees at all. The miles conversion fee is the one that matters most for this review, particularly if you only use the card occasionally and earn a small balance.
As always, pay your statement balance in full. Paying credit card interest to earn miles defeats the purpose.
My Verdict – Should You Get the Trust Freedom Credit Card?
Yes, if you’re looking for a card to earn miles on eligible overseas spending without a foreign transaction fee. No, if you’re expecting it to replace your main miles cards in Singapore.
The Freedom card is most useful to us as a backup for overseas purchases when our higher-earning options aren’t suitable. The choice of KrisFlyer or Max Miles is a welcome addition, and having no annual fee makes it easier to keep for that role.
I wouldn’t move all my spending to it just because it now earns miles. For local purchases, 1.3 mpd isn’t enough to change our card strategy.
If you qualify for the welcome offer, it’s worth a look, especially at the lower spending tier. For existing Trust cardholders like us, the decision comes down to the ongoing overseas benefits rather than the headline sign-up bonus.
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