Credit cards are now one of the most preferred e-commerce payment methods in Singapore & the world, edging account to account, debit cards, and digital wallets.
Edward Ong, Vantage Markets’ global payment manager, says, “Everyone uses credit cards. They know which card to use when shopping for groceries and which one gives you the best cashback.”
This comprehensive guide aims to unravel the intricacies of Singapore’s credit card promotions. Whether you’re a frequent traveler, a family-oriented spender, or someone seeking versatile cashback options, this curated list ensures you stay informed on the latest and most rewarding credit card promotions available today.
Key Features of Top Credit Card Promotions
Singapore’s top credit card promotions distinguish themselves through a blend of lucrative rewards, substantial cashback offerings, and exclusive deals tailored to various lifestyle preferences, ensuring that cardholders derive maximum value from their expenditures.
Some of the features include:
- Reward-Rich Programs: These top credit card promotions boast enticing reward programs, allowing users to accumulate points or miles with every spend. They also offer the latest credit card promotions in the market.
- Cashback Galore: Standout features include robust cashback offerings, ensuring that savvy spenders receive back a percentage of their expenditures.
- Exclusive Dining and Shopping Deals: Users can savor culinary delights or indulge in retail therapy while enjoying significant savings.
- Travel Perks and Miles: These promotions include travel benefits, including air miles accrual and travel-related privileges for the globetrotters. Whether it’s lounge access, complimentary insurance, or discounted bookings, these cards enhance the travel experience.
- Special Family-Focused Rewards: Catering to family-oriented spenders, some promotions offer unique perks for households. From enhanced cashback rates for family expenditures to exclusive deals on family-friendly activities, these cards prioritize the needs of families.
- Contactless and Online Spend Rewards: Embracing the digital age, these promotions recognize the prevalence of online and contactless transactions. Users can enjoy additional rewards and perks when utilizing their cards for online shopping or tapping into the contactless payment trend.
Comparative Analysis of Promotions Across Banks
| Credit Card | Annual Fee | Cashback/Rewards | Best For |
|---|---|---|---|
| UOB One Card | S$196.20 | Up to 5% cashback | Cashback on daily expenditure |
| CIMB Visa Signature | None | Up to 10% cashback | Exclusive Perks |
| OCBC 365 Credit Card | S$196.20 | Up to 6% cashback | Everyday rewards |
| Citi Cash Back+ Mastercard | S$196.20 | Up to 1.6% cashback | Cashback offers |
| HSBC Revolution Credit Card | None | Rewards points for dining and entertainment | Lifestyle Rewards |
| OCBC INFINITY Cashback Card | S$196.20 | Unlimited cashback | Comprehensive cashback rewards |
| Amex Singapore Airlines KrisFlyer Credit Card | S$343.35 | KrisFlyer miles for all expenditure | Travel enthusiasts |
| DBS Altitude Card | S$196.20 | Air miles for local and overseas expenditure | Exclusive lifestyle |
| Standard Chartered Smart Card | None | Up to 6% cashback | Cashback on everyday rewards |
| CIMB World Mastercard | None | Up to 2% cashback | Global lifestyle |
Best Credit Cards for Rewards and Points
Amex Singapore Airlines KrisFlyer Credit Card – Best for Travel Enthusiasts
Amex credit cards are some of the best on the market today. The American Express Singapore Airlines KrisFlyer Card is tailored for individuals passionate about travel, offering exclusive benefits, perks, and critical features to enhance the overall travel experience.
Exclusive Benefits
- KrisFlyer Miles Accumulation: Earn KrisFlyer miles with every eligible purchase, accelerating your journey towards complimentary flights and travel rewards. For instance, you earn 1.2 KrisFlyer miles for every S$1 you spend locally.
- Airline and Travel-Related Privileges: Access exclusive benefits such as priority check-in, 4 complimentary airport lounge passes annually, and preferential rates on travel packages.
Exclusive Perks
- Travel and Lifestyle Deals: Most Amex credit cards come with special deals. This card allows you to access special deals and discounts on travel-related expenses, including hotel bookings, car rentals, and more.
- Dining Privileges: Indulge in exclusive dining experiences with discounts and promotions at local and abroad partner restaurants.
Key Features
- All-Spend KrisFlyer Miles: Earn KrisFlyer miles not only on travel-related expenses but also on all eligible purchases, making every spend contribute to your travel rewards.
- Complimentary Travel Insurance: Enjoy peace of mind with travel insurance coverage, ensuring you’re protected during your journeys.
- Contactless Payment: Amex credit cards offer the convenience of contactless payments, making transactions swift and secure at home or abroad.
- Global Acceptance: Benefit from the worldwide acceptance of American Express, making it a reliable companion for your travels across the globe. Please note you can apply for participating AMEX credit cards as long as you satisfy the different eligibility requirements.
Fees and Charges
It has an annual fee of S$343.35
Customer Experiences and Reviews
It has a rating of 4.2/5 on Seedly.
- One reviewer says, “Their yearly offer of free lounge access and hotel stay makes this card value to get. Note you have to spend a certain amount to upgrade to this card.”
Best Credit Cards for Cashback Offers
UOB One Card – Best for Cashback on Daily Expenditure
The UOB One Card is a premier credit card tailored for individuals looking to maximize cashback rewards on their daily expenditures. This card is an excellent choice for people who prioritize earning rewards on routine purchases. In addition, you will also get to enjoy a 7.8% interest rate p.a.
Exclusive Benefits
- High Cashback Rates: Enjoy higher cashback percentages on specific spending categories such as groceries, dining, and recurring bills.
- Exclusive Promotions: Access special promotions and discounts at partner merchants, amplifying the overall cashback benefits.
- Seasonal Bonuses: Periodic promotions and bonuses enhance cashback earnings during specific seasons or promotional periods.
Exclusive Perks
- Dining Discounts: Indulge in exclusive dining privileges with discounts at participating restaurants.
- Travel Deals: Unlock special travel promotions and discounts on flights and accommodations.
Key Features
- Tiered Cashback System: Earn tiered cashback based on meeting specific spending thresholds, providing increased rewards as spending rises.
- Flexibility in Cashback Redemption: Redeem cashback as direct statement credits or utilize it to offset future purchases, offering flexibility in reward utilization.
- Multiple Spending Categories: Cashback rewards are applicable across various categories, including groceries, dining, and utility bills, ensuring a wide range of eligible expenditures.
- Contactless Payments: Enjoy the convenience of contactless payments, promoting a seamless and efficient transaction experience.
Fees and Charges
It has an annual fee of S$196.20, but you are given a fee waiver in your first year.
Customer Experiences and Reviews
It has a rating of 4.1/5 on Seedly.
- Here’s what one user has to say, “The longest CC I have. It is a great card to use, just use a min of 2k per month in order to get the highest rebate. Coupled with UOB One account, this is a good card to have.”
OCBC 365 Credit Card – Best for Everyday Rewards
If you want to earn substantial cashback on your everyday spending, especially in key areas such as dining, groceries, and entertainment, then this card is ideal. It also has many exclusive benefits and perks, ensuring you have a cost-effective and rewarding financial experience.
Exclusive Benefits
- Cashback on Dining: Enjoy 5% cashback when dining at a wide range of local and overseas restaurants.
- Cashback on Groceries: Earn 3% cashback on grocery shopping, making your regular trips to the supermarket more rewarding.
- Fuel Savings: Benefit from 6% cashback when refueling.
- Entertainment Cashback: Get rewarded for your entertainment expenses, including movie tickets and other leisure activities.
Exclusive Perks
- Online Shopping Deals: Enjoy special promotions and discounts when making online purchases, enhancing your savings beyond the physical store.
Key Features
- Cashback Variety: The card offers cashback on specific categories and a wide range of everyday expenditures, providing flexibility in earning rewards.
- No Minimum Spend Requirement: Unlike some other cards, the OCBC 365 Credit Card does not impose a minimum spend condition, making it easy for users to start earning cashback.
- Annual Fee Waiver: Enjoy the first 2 years’ annual fee waiver, enhancing the card’s attractiveness for those looking to maximize benefits without additional costs.
Fees and Charges
The annual fee is S$196.20, but the first two years are free.
Customer Experiences and Reviews
It has a rating of 3.3/5 on Seedly.
- Here’s what one user has to say, “Auto fee waiver if you are regular spender! Be sure to link with OCBC 360 account to reap the monthly interest!”
Citi Cash Back+ Mastercard – Best for Cashback Offers
Citi Cash Back+ Mastercard is designed to cater to individuals seeking maximum value for everyday expenses. With a focus on cashback rewards, this card offers exclusive benefits, perks, and key features tailored for savvy spenders. This is why it’s one of the most preferred Citibank credit cards.
Exclusive Benefits
- Cashback on All Spend: Earn 1.6% cashback on every purchase, making it a lucrative option for those who want to maximize their savings on daily expenditures.
- Contactless Payments: Enjoy the convenience and speed of contactless payments, adding efficiency to your transactions.
- No Minimum Spend Requirement: Unlike some cards, Citi Cash Back+ Mastercard doesn’t impose a minimum spend requirement to unlock cashback benefits.
Exclusive Perks
- Diverse Cashback Categories: Benefit from cashback on various categories, including dining, groceries, and more, providing flexibility to match your spending habits.
- Special Discounts: Access exclusive discounts and promotions at partner merchants, enhancing the overall shopping and dining experience.
Key Features
- Universal Cashback: Earn cashback on all eligible transactions, ensuring that every spend contributes to your savings.
- Simplified Rewards: This card stands out from other Citibank credit cards. That’s because, with no need to track specific categories, it simplifies the cashback process, offering a straightforward and transparent rewards system.
- Mastercard Worldwide Acceptance: Enjoy the convenience of using your card globally, with widespread acceptance at Mastercard-affiliated merchants worldwide.
- Online Account Management: Monitor and manage your account seamlessly through online banking, providing easy access to statements, transactions, and more.
Fees and Charges
It has an annual fee of S$196.20. However, you will enjoy a 1-year fee waiver when you sign up.
OCBC INFINITY Cashback Card – Best for Comprehensive Cashback Rewards
The OCBC INFINITY Cashback Card is ideal for individuals who prioritize simplicity, flexibility, and substantial cashback rewards across diverse spending categories. It seamlessly combines exclusive benefits, perks, and key features to create a rewarding and hassle-free cashback experience.
Exclusive Benefits
- Unlimited Cashback: Enjoy unlimited cashback on all your expenditures, providing substantial savings across various categories.
- Personalized Credit Limit: Benefit from a customized credit limit that aligns with your spending habits and financial capabilities.
Exclusive Perks
- Dining Discounts: Indulge in exclusive dining privileges with discounts at various restaurants, ensuring delightful culinary experiences.
- Shopping Deals: Access exclusive shopping deals and discounts at partner merchants, enhancing your retail therapy without breaking the bank.
Key Features
- Contactless Payment Rewards: Maximize your rewards by leveraging contactless payment options, earning cashback effortlessly with each tap.
Fees and Charges
It has an annual fee of S$196.20.
Best Credit Cards for Travel Perks
HSBC Revolution Credit Card – Best for Lifestyle Rewards
This is one of the most popular HSBC credit cards. It’s a powerhouse of exclusive benefits, perks, and key features, making it the perfect companion for individuals seeking a card that complements their vibrant lifestyle.
Exclusive Benefits
- Travel Insurance: Enjoy complimentary travel insurance coverage for peace of mind.
- Contactless Payments: Seamlessly make payments with the convenience of contactless transactions for quick and secure purchases.
- Rewards on Dining and Entertainment: Earn attractive rewards on dining and entertainment expenditures, enhancing the overall lifestyle experience.
Exclusive Perks
- Discounts on Online Spending: Exclusive discounts are available when making online purchases, providing savings on various products and services.
- Special Deals and Promotions: Access various special deals and promotions on lifestyle, dining, and entertainment, ensuring a rewarding experience beyond the norm.
Key Features
- Rewards Program: Accumulate rewards points for every transaction, offering flexibility in redemption options from all the participating HSBC credit cards.
- No Annual Fee: Enjoy the benefits without the burden of an annual fee, making it a cost-effective choice.
- Global Acceptance: Accepted worldwide, the HSBC Revolution Credit Card is your reliable companion for both local and international transactions.
- Online and Mobile Banking: Access your account anytime, anywhere, with user-friendly online and mobile banking platforms for seamless management of your finances.
Fees and Charges
None.
Customer Experiences and Reviews
It has a rating of 3.3/5 on Seedly.
- Here’s what one user has to say, “No fees and huge points rewards. Just for using it online or for contactless payments you’ll get 10x the rewards. Revolutionary!”
Standard Chartered Smart Card – Best for Cashback on Everyday Rewards
The Standard Chartered Smart Card is tailored for individuals seeking substantial cashback benefits on their everyday expenditures, combining exclusive benefits, perks, and key features to enhance the overall cardholder experience.
Exclusive Benefits
- Cashback Rewards: Enjoy attractive cashback (6%) on your coffee & toast, fast food, and public transport expenditure.
- Online Spending Deals: Access exclusive discounts and promotions when using the card for online purchases, enhancing your savings. You also enjoy a 6% cashback on your digital subscriptions.
Exclusive Perks
- Dining Discounts: Indulge in a delightful dining experience with special discounts at partner restaurants, adding value to your culinary adventures.
- Shopping Privileges: Enjoy exclusive shopping perks, including discounts and promotions at select retail outlets, amplifying your retail therapy.
Key Features
- No Minimum Spend Requirement: Benefit from cashback rewards without the hassle of meeting a minimum spend threshold, making it easy to start earning.
- Contactless Payment Technology: Embrace the future of payments with the card’s contactless feature, ensuring a secure and convenient transaction experience.
- Global Acceptance: Enjoy the flexibility of using your card internationally, with widespread acceptance at millions of merchants worldwide.
- Simplified Rewards System: The straightforward cashback system ensures that your rewards are easy to understand and redeem, adding simplicity to your financial experience.
Fees and Charges
None.
Customer Experiences and Reviews
It has a rating of 3.6/5 on Seedly.
- One user says, “The best thing about this scb smart card is that there is no annual fee so just spend within 99% of the credit limit.”
Exclusive Sign-up Bonuses
DBS Altitude Card – Best for Exclusive Lifestyle
The DBS Altitude Card is an ideal choice for individuals passionate about travel. It offers a range of exclusive benefits, perks, and critical features tailored to enhance the overall travel experience.
Exclusive Benefits
- Air Miles Accumulation: Earn air miles for local and overseas spending, providing flexibility for various travel preferences.
- Priority Pass Access: Enjoy complimentary access to Priority Pass airport lounges, elevating the comfort and luxury of your travel.
- Travel and Lifestyle Deals: Access exclusive deals on travel-related expenses, such as hotel bookings. For instance, you get 8 miles for every S$1 you spend on flights and hotels at Expedia.
- Foreign Currency: Up to 10% cashback on new card members
Exclusive Perks
- Travel Insurance: Benefit from comprehensive travel insurance coverage, providing peace of mind during your journeys.
- Global Airport Lounge Access: Indulge in a premium travel experience with access to a network of airport lounges worldwide.
Key Features
- Contactless Payments: Enjoy the convenience of contactless payments for seamless transactions during your travels.
- Special Promotions: Take advantage of ongoing promotions and discounts on travel bookings, making your journeys even more cost-effective.
- Cash Credit: Upto 33% of redemption ates with DBS points
Fees and Charges
It has an annual fee of S$196.20.
Customer Experiences and Reviews
It has a rating of 4.3/5 on Seedly.
- Here’s what one user says, “Miles that do not expire are a godsend especially during the pandemic period! Love that the interface to get rewards is user-friendly too!”
Credit Cards with No Annual Fee
CIMB Visa Signature – Best for Exclusive Perks
This is one of the best CIMB credit cards, and it’s ideal for individuals seeking substantial cashback benefits on their daily expenditures. Tailored to enhance your lifestyle, it provides exclusive benefits, perks, and key features that make it a top choice for those prioritizing cashback rewards.
Exclusive Benefits
- Cash Rebates: Enjoy attractive cashback rates on various spending categories, including dining, groceries, and more.
- Special Deals: Access exclusive deals on beauty services, travel bookings, and lifestyle purchases, ensuring additional savings on your favorite activities.
Exclusive Perks
- Priority Pass Membership: Indulge in a world of travel luxury with complimentary Priority Pass airport lounge access.
- Global Recognition: Your CIMB Visa Signature is recognized globally, providing convenience and accessibility wherever your journeys take you.
Key Features
- High Cashback Rates: Most CIMB credit cards allow you to benefit from competitive cashback rates on essential spending categories. CIMB Visa Signature credit card falls in that category, making it a lucrative choice for everyday expenses. For instance, you get 10% cashback on online purchases, cruises, vet services, and groceries.
- No Annual Fee: Enjoy the perks without the burden of an annual fee, ensuring that your cashback rewards go straight into your pocket.
- Contactless Payment: Embrace the future of payments with convenient and secure contactless transactions, adding a layer of ease to your shopping experience.
Fees and Charges
None.
Customer Experiences and Reviews
It has a rating of 3.4/5 on Seedly.
- One user says, “It is very convenient as it is usable everywhere. The transactions reflected in the statements were clear. Cashback was received.”
CIMB World Mastercard – Best for Global Lifestyle
CIMB World Mastercard caters to the discerning individual seeking an elevated lifestyle, combining exclusive benefits, perks, and key features for a truly premium credit card experience.
Exclusive Benefits
- Dedicated Concierge Service: Access a personalized concierge service catering to travel arrangements, dining reservations, and more.
- Global VIP Lounge Access: Enjoy complimentary access to premium airport lounges worldwide for a seamless travel experience.
- Luxury Hotel Privileges: You get exclusive discounts, complimentary upgrades, and additional amenities at select luxury hotels globally.
Exclusive Perks
- Priority Pass Membership: Access to Priority Pass, offering entry to airport lounges, regardless of the airline or class of travel.
- Travel Insurance Coverage: Comprehensive travel insurance coverage for cardholders, providing peace of mind during journeys.
Key Features
- Cashback on All Spend: Earn unlimited 2% cashback on expenditures such as movies, luxury goods, online food delivery, and wine. However, it has a S$1000 minimum spend.
- Contactless Payment: Embrace the convenience of contactless payments for quick and secure transactions.
- Global Acceptance: Widely accepted worldwide, ensuring usability and convenience for international travelers.
- No Annual Fee: Experience the exclusive perks without the burden of an annual fee, enhancing the overall value proposition for cardholders.
Fees and Charges
None.
Customer Experiences and Reviews
It has a rating of 4.1/5 on Seedly.
- Here’s what one user has to say, “Excited to use this card. In comparison to StandChart unlimited, this gives a slightly higher (2% vs 1.5%) rebates for dining related purchases; also, you get 1.5% for most other spends without any spending criteria, great for someone like me who like things fuss free.”
Read more: Best No Annual Fees Credit Cards 2024
Understanding Terms and Conditions
It’s essential you understand the terms and conditions associated with credit card promotions, as it will help you make informed financial decisions. These terms govern the intricacies of the promotions, shaping the overall value and potential pitfalls of the credit card offering.
Here are key insights into the importance of comprehending these terms and conditions:
Clarity on Rewards Structure
Each credit card promotion has a unique reward structure. Understanding the terms clarifies how rewards are earned through cashback, points, or miles. This insight will help you optimize your spending, maximizing the benefits offered.
Eligibility Criteria
Terms and conditions outline promotion eligibility criteria, including income requirements and other qualifications. This ensures that applicants align with the target audience and prevents disappointment or rejection.
Expiration Dates and Validity Periods
Credit card promotions often come with expiration dates or validity periods. Knowing these details prevents users from missing benefits and allows for strategic planning to utilize rewards or take advantage of promotional interest rates within the stipulated timeframe.
Understanding Fees and Charges
The terms and conditions disclose any applicable fees, charges, or penalties associated with the credit card. This includes annual fees, late payment fees, and interest rates. Understanding these financial aspects enables users to budget effectively and avoid unexpected costs.
Redemption Processes
For rewards-based promotions, terms specify the redemption processes for points, miles, or cashback. Knowing how to redeem rewards ensures a seamless experience, preventing misunderstandings or delays in enjoying the benefits.
Exclusions and Limitations
Terms and conditions outline any exclusions or limitations associated with the promotions. This could include specific spending categories excluded from earning rewards or geographical restrictions. Awareness of these factors helps users manage expectations and make informed decisions.
Impact on Credit Score
Credit card promotions may affect credit scores, especially if they involve balance transfers or deferred payment plans. Understanding these details allows consumers to gauge the potential impact on their creditworthiness.
Changes and Updates
Terms and conditions clarify the issuer’s rights to change or update the promotion. Staying informed about these potential adjustments ensures users know of any modifications to the promotion’s structure or benefits.
Closing
When choosing a credit card, it’s important to consider several key factors to ensure that the card aligns with your financial habits and goals. By considering these factors, you can choose a credit card that not only offers great rewards and benefits but also aligns well with your financial habits, ensuring you get the most value out of your card.
Here are three key takeaways to keep in mind:
- Select a card that offers rewards and benefits most relevant to your regular spending. If you travel frequently, consider cards offering air miles, travel insurance, and airport lounge access. If your spending is more oriented towards dining, shopping, or groceries, look for cards that offer higher cashback or points in these categories.
- Weigh the benefits of a card against its annual fee. Cards with high annual fees often offer more substantial rewards, but it’s crucial to assess whether the benefits outweigh the costs.
- Some credit cards require a minimum spend to unlock certain benefits or higher reward rates. Ensure that these requirements align with your usual spending pattern so that you can realistically meet them without overspending.
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