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Instarem review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Instarem is a Singapore based card and wallet pair aimed at people who want no card fee and no conversion markup on everyday spending. An annual fee of SGD 0 and a currency conversion fee of 0% sit at the top of the table on both measures.

Key facts

Best for
Anyone in Singapore who wants a fee free card with a multi currency wallet attached.
Annual fee
SGD 0↗
Currency conversion fee
0%↗
Rewards type
Points↗
Rewards rate
0.5 InstaPoints per SGD spent↗
Perks
Multi-currency wallet supporting 11 currencies, Up to 100,000 USD travel medical insurance, 700+ Mastercard offers on shopping, dining, entertainment and travel, Apple Pay and Google Pay integration, Travel eSIM discounts up to 20% off↗
Legal entity
INSTAREM PTE. LIMITED↗
Headquarters
Singapore↗
Founded
2014↗
Support channels
Email, Help-centre↗
Pricing model
No annual fee
Features
Rewards
Official website
instarem.com

Facts checked September 26, 2026, 4 sources

Apps and profiles

Get the app
App Store
Elsewhere
LinkedInTrustpilot

Pros and cons

Pros

  • No card cost to hold: an annual fee of SGD 0 and a no annual fee model
  • Currency conversion fee of 0%, so foreign spending keeps its value
  • The wallet behind the card supports several currencies, so money can be held in more than one
  • Perks include travel medical cover, shopping and dining offers, and mobile wallet payments

Cons

  • Points rather than cash back, with 0.5 InstaPoints per SGD spent as the earning rate
  • Help is by email and a help centre only, through email and help centre
  • Points are a less common rewards type than cash back across the cards compared here
Instarem

Ready to try Instarem?

Scored 8.9 / 10 by SumCue.

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Who it suits

  • People who spend in several currencies and want no conversion markup
  • Singapore based customers who would rather hold no card fee
  • Anyone who values the wallet and its offers as much as the card

Who should look elsewhere

  • Readers who want cash back instead of points
  • Anyone who needs phone support, since help runs through email and help centre

Where it sits among rivals

On the two fees readers check first, Instarem is at the front of the field. It ranks 1 of 312 brands on annual fee, and 1 of 186 on currency conversion fee. A fee of SGD 0 a year and a conversion fee of 0% put it among the cheapest cards in the group, with rewards paid in points rather than cash back.

Who runs it

The card and wallet are run by INSTAREM PTE. LIMITED, based in Singapore and founded in 2014. The Monetary Authority of Singapore is the regulator named for the business. Customer service is offered by email and through a help centre, so a query goes in writing and is picked up from the support channels listed for the brand.

How Instarem compares

Where Instarem is available

Available
Australia, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam
Licence in Singapore
Monetary Authority of Singapore, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does the Instarem card cost to hold?+

The annual fee is SGD 0, and the card runs on a no annual fee model. That puts it at the top of the table on cost, ranking 1 of 186 cards checked on annual fee. There is no charge simply for keeping the card open.

Is there a fee when I spend in another currency?+

The currency conversion fee is 0%, so nothing is taken when the card converts between currencies. It ranks 1 of 186 brands on the same measure. The multi currency wallet behind the card also holds money in more than one currency, which can spare a conversion altogether.

What rewards does the card pay?+

Rewards are paid in points, not cash back, and the card is listed as a points card. The earn rate is 0.5 InstaPoints per SGD spent. Cash back is a more common rewards type than points among the cards compared, so the points scheme is the part to weigh before applying.

Who regulates Instarem?+

The regulator named for the business is the Monetary Authority of Singapore, and the company sits in Singapore. The legal entity behind the card and wallet is INSTAREM PTE. LIMITED, which was founded in 2014.

How do I get help if something goes wrong?+

Support runs through email and help centre, so questions go out by email or are looked up in the help centre. There is no phone line among the support channels listed, which is worth knowing before signing up for a card you will carry abroad.

What else comes with the card?+

The listed perks cover a wallet supporting several currencies, travel medical insurance, a large set of Mastercard offers across shopping, dining, entertainment and travel, and Apple Pay and Google Pay. There are also travel eSIM discounts, which suits anyone spending time away and paying in more than one currency.

Is Instarem a good fit for a frequent traveller?+

It is built for that pattern. The currency conversion fee is 0%, the wallet supports several currencies, and the perks include travel medical cover, Mastercard offers on travel, and eSIM discounts. The card is registered with the Monetary Authority of Singapore.

Sources

  • en.wikipedia.org/wiki/Nium checked September 26, 2026

    Backs: Founded, Headquarters

    “Founded in 2014 by Prajit Nanu and Michael Bermingham, initially launching as the consumer remittance platform Instarem”

  • cbinsights.com/company/instarem checked September 26, 2026

    Backs: Legal entity

    “INSTAREM PTE. LIMITED registered at 168 Robinson Road”

  • instarem.com checked September 26, 2026

    Backs: Support channels

    “bizsupport@instarem.com and help centre available”

  • instarem.com/amaze checked September 26, 2026

    Backs: Annual fee, Features, Currency conversion fee, Pricing model, Perks, Rewards rate, Rewards type, Licences

    “Annual Fee: None”

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: APR.

Instarem

Instarem

Anyone in Singapore who wants a fee free card with a multi currency wallet attached.

8.9/10See alternatives