Best Credit Card Bonuses & Promotions for New Cardholders in Singapore for 2026
Updated: 7 Jan 2026
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Credit card sign-up bonuses offer significant value to new cardholders. They provide a head start in accumulating rewards, whether it's cashback, air miles, or exclusive gifts. These bonuses can help you maximise your spending and achieve your financial goals faster.
Several types of bonuses are offered in Singapore:
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Cash rewards: Enjoy cashback in the form of PayNow credits or statement credits.
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Air miles: Earn miles with airlines like Singapore Airlines (KrisFlyer) or Cathay Pacific (Asia Miles) for future travel.
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Exclusive gifts: Receive attractive gifts like a Dyson Airwrap, Apple iPad, or Apple Watch upon card approval.
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Lifestyle perks: Access complimentary airport lounge visits, hotel vouchers, and other lifestyle benefits.
Look out for seasonal promotions on the best credit cards to snag even better deals.
Card | Hot Reward Pick | SingSaver Reward | Airmiles Local | Airmiles Overseas | Airport Lounge Access | Annual Fee | ||
|---|---|---|---|---|---|---|---|---|
 | Citi PremierMiles Card | S$10,799 | 1.2 miles / dollar | 2.2 miles / dollar | 2 visits per year* | S$196.20 | ||
 | Citi Rewards Card | S$10,799 | - | - | - | S$196.20 | ||
 | DBS Altitude Visa Signature Card | S$10,799 | 1.3 miles / dollar | Up to 2.2 miles / dollar | 2 visits per year* | S$196.20 | ||
 | HSBC TravelOne Credit Card | S$10,799 | 1.2 miles / dollar | 2.4 miles / dollar | 4 visits per year* | S$196.20 | ||
 | Standard Chartered Journey Credit Card (Annual Fee Paying) | S$600 | 1.2 miles / dollar | 2 miles / dollar | 2 visits per year* | S$196.20 | ||
 | DBS Vantage Visa Infinite Card | - | - | 1.5 miles / dollar | 2.2 miles / dollar | 10 visits per year* | S$599.50 | |
 | DBS Altitude American Express Card | S$10,799 | Up to 1.3 miles / dollar | Up to 2.2 miles / dollar | 2 visits per year* | S$196.20 | ||
 | American Express Singapore Airlines KrisFlyer Ascend Credit Card | - | - | 1.2 miles / dollar | 1.2 miles / dollar | - | S$397.85 | |
 | KrisFlyer UOB Credit Card | - | - | 3 miles / dollar | 3 miles / dollar | - | S$196.20 |
>> SingSaver's Take: Read our full review
Our pick for: Air miles accrual
- 1.2 miles per S$1 spent locally.
- 2.2 miles per S$1 spent in foreign currency.
- Citi Miles never expire. Can be exchanged for a variety of frequent flyer miles, hotel stays, rewards and cash rebates.
- Use Citi PayAll to earn Citi Miles, Citi ThankYou PointsSM or Cash Back when you pay your bills with your Citi Credit Card.
- Earn miles on rent, condo management fees, school fees, taxes and bills via Citi PayAll.
- 2 free airport lounge visits per year to participating Priority Pass lounges worldwide.
- Up to S$1 million travel insurance coverage when you charge your travel tickets to this card. There will be a revision made to the Citi Credit Cards complimentary travel insurance. The Travel Insurance coverage in respect of a Trip charged to Citi PremierMiles Card will be updated to end on 31 March 2026. For more information, please click here.
- 11 different airline and hotel transfer partners.
- Generous sign-up bonus with relatively low minimum spend.
- Read our full review of the Citi PremierMiles Card.
- No expiry air miles
- Airport lounge
- Travel rebate
- Gift: Apple product
- Admin fee of S$25 (excluding GST) for each conversion of Citi Miles to frequent flyer miles.
- Service fee applies to Citi PayAll facility.
>> SingSaver's Take: Read our full review
Our pick for: Online shopping
Citi Rewards Card
- 10X rewards points for all online purchases except mobile wallet and travel-related transactions.
- 10X rewards points for in-store shopping purchases at department stores, clothing stores and more.
- 1X rewards points on all other purchases.
- Pair with amaze card to turn offline transactions into online transactions.
- No cap on base rewards points.
- Rewards points conversion rate: 440 Points = S$1
- Rewards points are rounded down to the nearest 10 points on all purchases.
- Use Citi PayAll to earn ThankYou PointSM when you pay your bills with your Citi Rewards Card.
- Up to S$1 million travel insurance coverage when you charge your travel tickets to this card. There will be a revision made to the Citi Credit Cards complimentary travel insurance. The Travel Insurance coverage in respect of a Trip charged to Citi Rewards Card will be updated to end on 31 March 2026. For more information, please click here.
- Read our full review of the Citi Rewards Card
- Bonus air miles
- Travel insurance
- Annual Fee waiver
- High-value gift
- Bonus rewards points capped at 9,000 points per statement month.
>> SingSaver's Take: Read our full review
Our pick for: Travel perks
DBS Altitude Visa Signature Card
Promo Code:
SINGSAVER
- Up to 1.3 miles per S$1 spent locally, including bus and train rides.
- Up to 2.2 miles per S$1 spent on overseas purchases in foreign currency.
- Receive 10,000 bonus miles when you pay the annual fee of S$196.20
- 2 free lounge visits within each 12-month period of your membership to over 1,500 airport lounges worldwide.
- Read our full review of the DBS Altitude Card.
- Bonus air miles
- Airport lounge
- No expiry air miles
- Unlimited air miles
- Miles are awarded in the form of DBS points which are awarded for every S$5 spent.
- Each conversion of DBS points to miles will be subjected to an administrative fee of S$25 (exclusive of GST).
>> SingSaver's Take: Read our full review
Our pick for: Bonus miles
- Borrow up to 90% of your available credit limit, enjoy interest rates as low as 2.6% p.a., and get flexible payment terms up to 60 months when you apply with promo code CIPSS. T&Cs apply.
- Instant reward redemption with an extensive selection of airline and hotel partners via HSBC Singapore mobile app.
- Accelerated earn rate: up to 2.4 miles for your spending.
- No conversion fee for air miles or hotel points until 31 January 2025.
- Complimentary travel insurance coverage (including COVID-19) and 4x complimentary airport lounge visits for primary cardholders and guests of primary cardholders.
- Receive complimentary access to ENTERTAINER with HSBC app, with over 1,000 1-for-1 deals on dining, lifestyle and travel worldwide.
- Split your purchases across a range of flexible tenures with HSBC Instalment Plans.
- Unlimited air miles
- Airport lounge
- Travel insurance
- Bonus air miles
- High base minimum annual income requirement of S$65,000 (w.e.f. 1 October 2025) Learn more.
>> SingSaver's Take: Read our full review
Our pick for: Cashback on overseas spend
- Earn 3 miles for every S$1 spent on online transactions from transportation, food delivery, and online grocery merchants.
- Earn 2 miles for every S$1 on foreign currency transactions.
- Earn 1.2 miles for every S$1 spent locally.
- 2 complimentary visits to Priority Pass lounges around the world each year.
- Get peace of mind when you travel with complimentary travel insurance coverage of up +to S$500,000.
- Rewards points do not expire.
- Flexible redemption – enjoy your choice of air miles, cash rewards or travel vouchers on the SCB Rewards 360 platform.
- SC Shop and Earn - Book your holidays and earn up to 28.75% Cashback at over 40 travel partners like Agoda, Klook, Trip.com. Unlock one of the highest Cashback as a Priority client. Log on to SC Shop and Earn via SC Mobile to start shopping.
- Get access to exclusive card offers and privileges with The Good Life programme.
- Bonus air miles
- No expiry air miles
- Airport lounge
- Travel insurance
- Transportation, food delivery and online grocery rewards capped at 3,000 miles in a statement cycle.
Love the travel rewards?
That's just the beginning. We've curated a complete guide to the best credit cards in Singapore, covering everything from cashback and miles to low interest rates and exclusive perks.
Our pick for: VIP travel experiences
DBS Vantage Visa Infinite Card
- 1.5 miles or 1.5% cashback per S$1 spent locally, such as groceries, shopping and more.
- 2.2 miles or 2.2% cashback per S$1 spent on overseas purchases in foreign currency.
- Receive 25,000 bonus miles when you pay the annual fee of S$550 (exclusive of GST) to renew your membership.
- Complimentary Accor Plus Explorer membership with 1 free hotel night stay at Sofitel, Fairmont, Swissotel and over 1000 hotels worldwide.
- Complimentary Digital Priority Pass™ Membership and 10 free lounge visits to over 1,300 airport lounges worldwide within each 12-month period of membership.
- Members-only dining privileges at over 80 of Singapore’s fine dining establishments, including Michelin-awarded restaurants.
- Bonus air miles
- Local spending rebate
- Overseas rebate
- Airport lounge
- Annual fee of S$588.50 (inclusive of GST) is non-waivable for the first year.
- Miles are awarded in the form of DBS Points which are awarded for every S$5 spent.
- Each conversion of DBS Points to miles will be subjected to an administrative fee of S$25 (exclusive of GST).
>> SingSaver's Take: Read our full review
Our pick for: Super-frequent flyers
- Up to 1.3 miles per S$1 spent locally, including bus and train rides.
- Up to 2.2 miles per S$1 spent on overseas purchases in foreign currency.
- Receive 10,000 bonus miles when you pay the annual fee of S$196.20
- Read our full review of the DBS Altitude Card.
- Bonus air miles
- Airport lounge
- No expiry air miles
- Unlimited air miles
- Miles are awarded in the form of DBS points which are awarded for every S$5 spent.
- Each conversion of DBS points to miles will be subjected to an administrative fee of S$25 (exclusive of GST).
>> SingSaver's Take: Read our full review
Our pick for: Singapore Airlines flyers
- Spend S$15,000 or more on eligible Singapore Airlines and Scoot flight bookings within the first 12 months upon Card approval to be automatically upgraded to the KrisFlyer Elite Gold membership tier. T&Cs apply.
- Get a complimentary night stay at participating Hilton properties each year.
- Receive a Foreign Spend Miles Redemption Voucher for 18,000 KrisFlyer miles when you spend the equivalent of S$10,000 or more in foreign currency within the qualifying period.
- Receive a Renewal Miles Redemption Voucher for 10,000 KrisFlyer miles after American Express receives payment of the renewal annual membership fee each year.
- Earn 2 KrisFlyer miles for every S$1 spent on eligible Singapore Airlines and Scoot flight bookings, and KrisShop purchases, with no cap.
- Earn up to 2 KrisFlyer miles for every S$1 spent on eligible Grab Singapore transactions, up to S$200 spend in each calendar month.
- Earn 1.2 KrisFlyer miles for every S$1 spent on all other eligible purchases, with no cap.
- Hassle-free conversion with no transfer fee
- Read our full review of the American Express Singapore Airlines KrisFlyer Ascend Credit Card.
- Unlimited air miles
- Travel insurance
- Annual fee: S$397.85 (inclusive of GST) must be paid to enjoy welcome offers.
- Please refer to the American Express website (go.amex/singsaver) for the most up to date information on card benefits and its terms & conditions.
- Annual Fee required
>> SingSaver's Take: Read our full review
Our pick for: Lifestyle perks blended with travel benefits
KrisFlyer UOB Credit Card
- Earn 3 KrisFlyer miles per S$1 spend on Singapore Airlines, Scoot, KrisShop, Kris+ and Pelago purchases.
- Earn 2.4 KrisFlyer miles per S$1 spend on dining, food delivery, online shopping, online travel and transport spend, with min. S$1,000 annual spend on Singapore Airlines, Scoot and KrisShop
- Earn 1.2 KrisFlyer miles per S$1 on all other spend.
- 5,000 Welcome miles with first eligible spend (min. S$5).
- 10,000 KrisFlyer miles with annual renewal fee payment.
- Exclusive privileges on Scoot (via flyscoot.com/krisflyeruob), Kris+ and more.
- Terms and conditions apply for all abovementioned privileges. Visit here for more details.
- Insured up to S$100k by SDIC.
- KrisFlyer miles
- Unlimited miles
- 1st year annual fee waiver
>> SingSaver's Take: Read our full review
How do signup bonuses work?
Singaporean banks structure welcome offers to incentivise new cardmembers. These offers typically require cardholders to meet certain spending requirements within a specified timeframe, usually within the first three months of card membership.
Bonuses come in various forms:
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Cashback: Cashback credit cards return a percentage of your spending as cashback, typically credited to your account or issued as a statement credit.
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Air miles: Miles are awarded for redemption on flights and other travel expenses, often with a specific airline partner like KrisFlyer or Asia Miles. Miles tend to be the preferred rewards awarded by travel credit cards.
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Exclusive gifts: Physical gifts or vouchers are offered upon meeting spending criteria, such as a Dyson Airwrap, Apple iPad, or shopping vouchers.
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Rewards points: Points are awarded for flexible redemption options, such as travel, merchandise, or cash rebates.
Restrictions often apply to sign-up bonuses. These may include:
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Limitations on the types of purchases that qualify for the bonus, such as excluding balance transfers, cash advances, or specific merchant categories.
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Minimum spending amounts that must be met within the specified timeframe to earn the bonus.
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Timeframes for meeting the requirements, which can vary depending on the card and promotion.
What are the best credit card sign-up bonuses?
The "best" sign-up bonus depends on your individual needs and spending habits. Consider what type of reward you value most and how it aligns with your financial goals.
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Cashback: If you prefer straightforward rewards, cashback bonuses can provide a direct return on your spending, typically ranging up to S$300. This is ideal for everyday spenders who want to maximise their savings on essential purchases.
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Air miles: For frequent travellers, air miles bonuses can be a valuable way to accumulate miles for future flights and travel redemptions. These bonuses can range up to 40,000 miles, depending on the card and promotion.
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Rewards points: If you value flexibility, rewards points bonuses offer versatility in redemption options. You can typically redeem points for travel, merchandise, or cash rebates, allowing you to tailor your rewards to your preferences. These bonuses can reach up to 50,000 points.
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Welcome gifts: If you're looking for immediate gratification, welcome gifts provide tangible rewards upon card approval. These can range from S$100 to S$500 in value and include items like a Dyson Airwrap, Apple iPad, or shopping vouchers.
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Annual fee waiver: For cost-conscious cardholders, an annual fee waiver can be a significant bonus, especially for cards with high annual fees. This can provide substantial savings in the first year of card membership.
Seasonal promotions can also influence the "best" bonus. Banks often offer limited-time promotions with increased bonus value or exclusive gifts during festive periods or special occasions. Be sure to keep an eye out for these promotions to maximise your rewards potential.
Multiple credit card bonuses: How many are possible?
There's no overall limit to how many credit card sign-up bonuses you can earn in Singapore. However, individual banks may have restrictions to prevent "churning" (repeatedly applying for and cancelling cards to earn bonuses). These restrictions may include:
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Once per lifetime rule: You can only earn the sign-up bonus on a specific card once.
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Cooldown period: You must wait a certain period before applying for the same card or another card within the same family of cards to be eligible for the bonus again.
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Limitations on the number of cards: You may be limited in the number of credit cards you can hold from the same bank within a specific timeframe.
Strategies to maximise bonuses:
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Time your applications: Apply for cards with attractive bonuses during promotional periods or when you have significant expenses planned.
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Combine sign-up bonuses with ongoing rewards: Choose cards that offer both a generous sign-up bonus and strong ongoing rewards to continue maximising your benefits beyond the initial promotion.
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Consider annual fee waivers: If you can meet the spending requirements for an annual fee waiver, it can significantly enhance the long-term value of the card and its bonus.
Easiest credit card bonuses to qualify for
Generally, cashback credit cards have lower spending requirements for earning bonuses, making them easier to obtain. Look for cards with low minimum spend requirements or those that offer bonuses in the form of statement credits, which can be easily redeemed.
Some banks also offer instant rewards payouts, such as Citibank's PayNow bonuses, which provide quick gratification without waiting for a billing cycle.
Are credit card bonuses taxable?
In Singapore, credit card bonuses are generally not considered taxable income. They are viewed as discounts or rebates on purchases made with the card, similar to loyalty programme rewards.
This differs from bonuses offered for opening savings accounts, which are typically considered interest income and may be taxable.
Frequently asked questions about credit card sign-up bonuses
The best sign-up bonus depends on your individual needs and preferences. Consider factors like the type of reward, its value, the spending requirements, and any associated fees. For example, frequent travellers may benefit most from travel credit cards, whereas those looking to explore entrepreneurship may profit more from going with a business credit card.
Sign-up bonuses vary in value, ranging from S$100 to S$300 cashback offers, tens of thousands of air miles, or exclusive gifts worth hundreds of dollars.
Most sign-up bonuses require you to meet specific spending requirements within a specified timeframe before the bonus is awarded. However, some cards may offer a small upfront bonus upon card approval.
Many credit cards offer cashback bonuses, which are essentially like getting money back for your spending. Some cards also offer sign-up bonuses in the form of statement credits, which directly reduce the amount you owe. However, these typically require you to meet a minimum spending requirement first.