The 10 Most Popular Credit Cards Amongst Millennial SingSaver Staff

Denise Bay

Denise Bay

Last updated 31 March, 2022

Millennials have distinctive spending habits and tastes. Here are the best credit cards for young professionals and millennials. 

 

Credit cards are a great tool to help you get the best bang for the buck when used responsibly. Millennials have distinctive spending habits and tastes, and the best credit cards must reward these discerning credit card users for their expenses across shopping, dining out, travelling, rides, groceries and then some. Plus, they mustn't sport overly complicated rewards mechanics. 

Which trusty credit cards do millennials at SingSaver use for their day to day expenses, online shopping sprees, in-store shopping treats and travel bookings? Find out more below.

Table of contents 


Best credit cards for millennials looking for easy unlimited flat rate cashback

#1 American Express True Cashback Card 

amex-true-cashback

Amex Singapore Airlines KrisFlyer Ascend Credit Card Welcome Gift:

For New-to-American Express Card Members: Receive S$300 eCapitaVouchers and up to 17,000 KrisFlyer Miles (enough to redeem a return trip to Bali) when you pay the annual fee and make a minimum spend of S$1,000 within the first month of card approval. Valid till 30 June 2024.  T&Cs apply.

For Existing American Express Card Members: Receive up to 24,000 KrisFlyer Miles (enough to redeem a return trip to Bali) when you pay the annual fee and make a minimum spend of S$1,000 within the first month of card approval. Valid till 30 June 2024. T&Cs apply.


Amex Singapore Airlines KrisFlyer Ascend Credit Card Welcome Gift:

For New-to-American Express Card Members: Receive S$300 eCapitaVouchers and up to 17,000 KrisFlyer Miles (enough to redeem a return trip to Bali) when you pay the annual fee and make a minimum spend of S$1,000 within the first month of card approval. Valid till 30 June 2024.  T&Cs apply.

For Existing American Express Card Members: Receive up to 24,000 KrisFlyer Miles (enough to redeem a return trip to Bali) when you pay the annual fee and make a minimum spend of S$1,000 within the first month of card approval. Valid till 30 June 2024. T&Cs apply.


 

The American Express True Cashback Card is a no-brainer for those who want to earn easy cashback on anything and everything they spend on, including frequently excluded categories like utilities and telco bills, healthcare, insurance premiums and education fees. 

This card lets you earn a flat 1.5% cashback on all eligible spend and 3% cashback on the first S$5,000 spent within the first six months of card approval. 

If you use Grab frequently, consider following Calista’s footsteps: Pair the American Express True Cashback Card with the GrabPay Card to double-dip on rewards. 

All you have to do is top up your GrabPay account with the American Express True Cashback Card to earn the 1.5% cashback. When using your GrabPay Card, you can earn up to 6x GrabRewards points for each dollar spent. This is a fantastic trick, don’t you think?

On a side note, Dawn and I appreciate all the great partnership deals available within the American Express mobile app. Simply save the card offers to your American Express True Cashback Card to enjoy the deals. 


#2 Citi Cash Back+ Card 

CitiCashBack_MC

Amex Singapore Airlines KrisFlyer Ascend Credit Card Welcome Gift:

For New-to-American Express Card Members: Receive S$300 eCapitaVouchers and up to 17,000 KrisFlyer Miles (enough to redeem a return trip to Bali) when you pay the annual fee and make a minimum spend of S$1,000 within the first month of card approval. Valid till 30 June 2024.  T&Cs apply.

For Existing American Express Card Members: Receive up to 24,000 KrisFlyer Miles (enough to redeem a return trip to Bali) when you pay the annual fee and make a minimum spend of S$1,000 within the first month of card approval. Valid till 30 June 2024. T&Cs apply.

 

Citi Cash Back+ is a fuss-free credit card that offers unlimited cashback with no minimum spend. This cashback credit card gives you a marginally higher cashback of 1.6% on all eligible purchases charged to the card, compared to the 1.5% that American Express True Cashback Card offers. 

As a sweet bonus for new cardmembers, one can expect to earn 4.5% cashback on the first S$5,000 spent within their first three months of card approval. 

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🎉SingSaver x Citi CC Euro Summer Kickoff Lucky Draw🎉: Be one of the 10 lucky winners to win 120k Max Miles each (enough for a pair of economy-class round-trip tickets to anywhere in Europe) when you sign up for an eligible Citibank Credit Card on SingSaver. A total of 10x pairs of tickets will be given away for over 2 weeks, with 5x pairs given weekly. Valid till 23 June 2024. T&Cs apply.

SingSaver's Exclusive Offer: Receive the following rewards and experience Fastest Rewards Fulfilment when you sign up for a Citi Credit Card:

📣ONLY AVAILABLE ON SINGSAVER📣: Citi PremierMiles Card and Citi Prestige Card:

Citi PremierMiles_Campaign_BLOGARTICLE_800x250 (1)

Get a Dyson Supersonic (worth S$699) or a Dyson Micro 1.5kg Vacuum (worth S$599) or an Apple iPad 10th Gen 10.9 WiFi 64GB (worth S$529) or S$450 eCapitaVoucher upon activating and spending a minimum of S$500 within 30 days of card approval. Valid until 30 June 2024. T&Cs apply.

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Other Citi Credit Cards: Receive a Sony Portable Theatre System HT-AX7 (worth S$759) or a Dyson Supersonic (worth S$699) or an Apple iPad 10th Gen 10.9 wifi 64GB (worth S$529) or S$450 eCapitaVoucher or S$300 cash via PayNow upon activating and spending a minimum of S$500 within 30 days of card approval. Valid until 30 June 2024. T&Cs apply.

Rewards Upgrade Campaign_BLOGARTICLE_800x250

⬆️Reward Upgrade Campaign⬆️: Upgrade your rewards when you top up S$999 for an Apple MacBook Air 13” (M3 chip) 256GB (worth S$1,599) or an Apple iPhone 15 Pro 128GB (worth S$1,664.25). Alternatively, top up S$1,488 for a Samsung Galaxy S24 Ultra Titanium Gray 12+512GB 5G (worth S$2,128). Valid till 30 June 2024. T&Cs apply.

 


#3 Standard Chartered Simply Cash Credit Card 

SCB_SIMPLYCASH

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🎉SingSaver x Citi CC Euro Summer Kickoff Lucky Draw🎉: Be one of the 10 lucky winners to win 120k Max Miles each (enough for a pair of economy-class round-trip tickets to anywhere in Europe) when you sign up for an eligible Citibank Credit Card on SingSaver. A total of 10x pairs of tickets will be given away for over 2 weeks, with 5x pairs given weekly. Valid till 23 June 2024. T&Cs apply.

SingSaver's Exclusive Offer: Receive the following rewards and experience Fastest Rewards Fulfilment when you sign up for a Citi Credit Card:

📣ONLY AVAILABLE ON SINGSAVER📣: Citi PremierMiles Card and Citi Prestige Card:

Citi PremierMiles_Campaign_BLOGARTICLE_800x250 (1)

Get a Dyson Supersonic (worth S$699) or a Dyson Micro 1.5kg Vacuum (worth S$599) or an Apple iPad 10th Gen 10.9 WiFi 64GB (worth S$529) or S$450 eCapitaVoucher upon activating and spending a minimum of S$500 within 30 days of card approval. Valid until 30 June 2024. T&Cs apply.

Citi CC_BLOGARTICLE_800x250 (1)

Other Citi Credit Cards: Receive a Sony Portable Theatre System HT-AX7 (worth S$759) or a Dyson Supersonic (worth S$699) or an Apple iPad 10th Gen 10.9 wifi 64GB (worth S$529) or S$450 eCapitaVoucher or S$300 cash via PayNow upon activating and spending a minimum of S$500 within 30 days of card approval. Valid until 30 June 2024. T&Cs apply.

Rewards Upgrade Campaign_BLOGARTICLE_800x250

⬆️Reward Upgrade Campaign⬆️: Upgrade your rewards when you top up S$999 for an Apple MacBook Air 13” (M3 chip) 256GB (worth S$1,599) or an Apple iPhone 15 Pro 128GB (worth S$1,664.25). Alternatively, top up S$1,488 for a Samsung Galaxy S24 Ultra Titanium Gray 12+512GB 5G (worth S$2,128). Valid till 30 June 2024. T&Cs apply.

 

 

CITI_CC_EURO_BLOGARTICLE_800x250

🎉SingSaver x Citi CC Euro Summer Kickoff Lucky Draw🎉: Be one of the 10 lucky winners to win 120k Max Miles each (enough for a pair of economy-class round-trip tickets to anywhere in Europe) when you sign up for an eligible Citibank Credit Card on SingSaver. A total of 10x pairs of tickets will be given away for over 2 weeks, with 5x pairs given weekly. Valid till 23 June 2024. T&Cs apply.

SingSaver's Exclusive Offer: Receive the following rewards and experience Fastest Rewards Fulfilment when you sign up for a Citi Credit Card:

📣ONLY AVAILABLE ON SINGSAVER📣: Citi PremierMiles Card and Citi Prestige Card:

Citi PremierMiles_Campaign_BLOGARTICLE_800x250 (1)

Get a Dyson Supersonic (worth S$699) or a Dyson Micro 1.5kg Vacuum (worth S$599) or an Apple iPad 10th Gen 10.9 WiFi 64GB (worth S$529) or S$450 eCapitaVoucher upon activating and spending a minimum of S$500 within 30 days of card approval. Valid until 30 June 2024. T&Cs apply.

Citi CC_BLOGARTICLE_800x250 (1)

Other Citi Credit Cards: Receive a Sony Portable Theatre System HT-AX7 (worth S$759) or a Dyson Supersonic (worth S$699) or an Apple iPad 10th Gen 10.9 wifi 64GB (worth S$529) or S$450 eCapitaVoucher or S$300 cash via PayNow upon activating and spending a minimum of S$500 within 30 days of card approval. Valid until 30 June 2024. T&Cs apply.

Rewards Upgrade Campaign_BLOGARTICLE_800x250

⬆️Reward Upgrade Campaign⬆️: Upgrade your rewards when you top up S$999 for an Apple MacBook Air 13” (M3 chip) 256GB (worth S$1,599) or an Apple iPhone 15 Pro 128GB (worth S$1,664.25). Alternatively, top up S$1,488 for a Samsung Galaxy S24 Ultra Titanium Gray 12+512GB 5G (worth S$2,128). Valid till 30 June 2024. T&Cs apply.

 

Standard Chartered Simply Cash Credit Card is Citi Cash Back+ Card’s (almost) identical twin from another bank. 

It lets you earn 1.5% cashback on all eligible spend, with no minimum spend and no cap. How is it different from Citi Cash Back+ Card, then? 

It is trickier to earn extra cashback using the Standard Chartered Unlimited Credit Card. To earn up to 3% total cashback, you have to deposit a substantial sum in your Unlimited$aver account.

Keen to know all the nitty-gritty details about all three popular credit cards for millennials? Read more about the Amex True Cashback vs Citi Cash Back+ vs SCB Unlimited comparison guide here.   

Tip from Deborah: To up the total amount of cashback you can potentially earn, consider pairing the Citi Cash Back+ Card or Standard Chartered Unlimited Credit Card with Instarem’s amaze card to earn additional cashback on your expenses. 

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Best credit cards for millennials looking for easy, flexible 10x rewards points 

#4 HSBC Revolution Credit Card 

HSBC-revolution

 

HSBC Revolution Credit Card is great for millennials as it lets you load up on 10X rewards points on online and contactless spending—no minimum spend required— on the first S$1,000 spent each month. 

Regardless of what you tend to spend more on online, such as shopping, food delivery or travel bookings, you can earn 10x Rewards Points (4mpd). In this day and age where secure, contactless payments in-store are the rage, all payments made through Visa payWave, Apple Pay and Google Pay will earn you 10x rewards (4mpd). 

The best part? There’s no annual fee for life with this credit card either! Plus, you will also enjoy a free ENTERTAINER membership with HSBC access. Say hello to more than 1,000 offers and 1-for-1 deals across dining, lifestyle and hotel categories. 

It is no wonder why the HSBC Revolution Credit Card is a go-to for Deborah, Clement and myself. 

SingSaver's Exclusive Offer: Enjoy the following rewards when you sign up for an HSBC credit card.

HSBC Advance_BLOGARTICLE_800x250

HSBC Advance and Visa Platinum Credit Card: Receive a Dyson V8 Slim™ Fluffy (worth S$509) or an Apple iPad 9th Gen 10.2" WiFi 64GB (worth S$508.30) or S$350 eCapitaVoucher or 18K Max Miles (worth a trip to Tokyo) upon activating your card and spending min. S$500 by the end of the following calendar month from the card account opening date. Valid till 20 June 2024. T&Cs apply.

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HSBC TravelOne Credit Card: Receive a Dyson Supersonic™ hair dryer (worth S$699) or an Apple iPad 10th Gen 10.9"  WiFi 64GB (worth S$529) or an Apple Watch Series 9 (worth S$604.50) or S$375 eCapitaVoucher or 24K Max Miles upon activating your card and spending min. S$1,000 plus pay an annual fee of S$196.20 by the end of the following calendar month from the card account opening date. Valid till 20 June 2024. T&Cs apply.

Rewards Upgrade Campaign_BLOGARTICLE_800x250

⬆️Rewards Upgrade Campaign⬆️: Upgrade your rewards when you top up S$200 to get a Sony Portable Theatre System HT-AX7 (worth $$769). Alternatively, top up S$588 for a Sony ZV-1M2 Vlog Camera (worth $1,209) or top up S$1,099 for an Apple iPhone 15 Pro 128GB (worth S$1,664.25). Valid till 20 June 2024. T&Cs apply.

 


#5 Citi Rewards Card 

CitiRewardsMC

 

 

Citi Rewards Card is a solid contender for online shoppers and hardcore shopaholics alike. Like HSBC Revolution Credit Card, there’s no minimum spend you need to meet to start racking up flexible rewards points with the Citi Rewards Card. 

You get to earn 10x Rewards Points (4mpd) on online and shopping purchases, excluding travel, from the get-go. 

As the online category is pretty broad, rest assured the 10x rewards apply to things like online food delivery, online groceries, rides with Grab, Gojek and more — the attractive 10x Rewards Points don’t just apply to traditional shopping transactions. 

Keep in mind the maximum 10x Rewards Points you can earn applies to the first S$1,000 spent per month on eligible purchases. 

If you’re curious, Citi ThankYou Points expire after three years, counted from your card approval date. Your rewards points can be redeemed for air miles, instant cash rebates and more!

CITI_CC_EURO_BLOGARTICLE_800x250

🎉SingSaver x Citi CC Euro Summer Kickoff Lucky Draw🎉: Be one of the 10 lucky winners to win 120k Max Miles each (enough for a pair of economy-class round-trip tickets to anywhere in Europe) when you sign up for an eligible Citibank Credit Card on SingSaver. A total of 10x pairs of tickets will be given away for over 2 weeks, with 5x pairs given weekly. Valid till 23 June 2024. T&Cs apply.

SingSaver's Exclusive Offer: Receive the following rewards and experience Fastest Rewards Fulfilment when you sign up for a Citi Credit Card:

📣ONLY AVAILABLE ON SINGSAVER📣: Citi PremierMiles Card and Citi Prestige Card:

Citi PremierMiles_Campaign_BLOGARTICLE_800x250 (1)

Get a Dyson Supersonic (worth S$699) or a Dyson Micro 1.5kg Vacuum (worth S$599) or an Apple iPad 10th Gen 10.9 WiFi 64GB (worth S$529) or S$450 eCapitaVoucher upon activating and spending a minimum of S$500 within 30 days of card approval. Valid until 30 June 2024. T&Cs apply.

Citi CC_BLOGARTICLE_800x250 (1)

Other Citi Credit Cards: Receive a Sony Portable Theatre System HT-AX7 (worth S$759) or a Dyson Supersonic (worth S$699) or an Apple iPad 10th Gen 10.9 wifi 64GB (worth S$529) or S$450 eCapitaVoucher or S$300 cash via PayNow upon activating and spending a minimum of S$500 within 30 days of card approval. Valid until 30 June 2024. T&Cs apply.

Rewards Upgrade Campaign_BLOGARTICLE_800x250

⬆️Reward Upgrade Campaign⬆️: Upgrade your rewards when you top up S$999 for an Apple MacBook Air 13” (M3 chip) 256GB (worth S$1,599) or an Apple iPhone 15 Pro 128GB (worth S$1,664.25). Alternatively, top up S$1,488 for a Samsung Galaxy S24 Ultra Titanium Gray 12+512GB 5G (worth S$2,128). Valid till 30 June 2024. T&Cs apply.

 


#6 DBS Woman’s World Card 

DBSWomansWorldMasterCard

 

Even though the DBS Woman’s World Card was designed with ladies in mind, there’s no stopping savvy guys from applying for this credit card that lets you earn 10X DBS points (20 miles) per S$5 spent (i.e. 4mpd) on the first S$2,000 spent on local online purchases each statement month. 

Best part? There’s no minimum monthly spend required to start earning those DBS points. Plus, you enjoy complimentary e-Commerce Protection for your online purchases and a whole array of shopping, dining, beauty, and wellness offers year-round. 

You’ll also earn 3X DBS Point (or 6 miles) per S$5 spent (i.e. 1.2mpd) on overseas purchases for foreign currency spend. For all other purchases, you’ll earn 1X DBS Point (or 2 miles) per S$5 spent (i.e. 0.4 mpd). 

DBS/POSB Credit Card Welcome Gift: Receive up to S$388 cashback or 85,000 miles when you apply for select DBS credit cards and fulfil the relevant promotion criteria. T&Cs apply.

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Best credit cards for millennials looking for high cashback & interest rate on savings

#7 UOB One Card

UOB_ONE-4

 

Want to earn potentially high cashback and high-interest rate on your hard-earned savings? The UOB One Card is a great option that comes highly recommended by Daryl and myself. 

Apart from earning up to a whopping 2.5% p.a. interest on your UOB One savings account funds—leaps and bounds higher than the standard meagre 0.05% p.a.— new cardmembers can look forward to earning up to 15% cash rebate on all eligible spend.

This includes an extra up to 6.67% cash rebate on Dairy Farm Singapore, Grab, Shopee Singapore and UOB Travel transactions when you qualify for your quarterly cash rebate, capped at S$100 per month.

The quarterly UOB One cash rebate that you can earn is tiered.

You’ll earn a quarterly cash rebate if you can hit the minimum spend of S$500, S$1,000 or S$2,000 spread over at least 5 transactions per statement month for each qualifying quarter. 

Do note that this enhanced 15% cash rebate rate is only appluicab

An important thing to remember: you’re required to make a minimum of five transactions each statement month to qualify for those cash rebates. It shouldn’t be too challenging if you make UOB One your go-to credit card for daily transactions, such as groceries, Grab rides, or coffee runs. 

UOB Credit Card Welcome Offer: Receive S$350 Cash Credit or up to 50,000 miles when you apply for select UOB credit cards and fulfil the minimum spending requirements. Valid till 30 June 2024. T&Cs apply.

 


#8 OCBC 365 Credit Card 

OCBC365

UOB Credit Card Welcome Offer: Receive S$350 Cash Credit or up to 50,000 miles when you apply for select UOB credit cards and fulfil the minimum spending requirements. Valid till 30 June 2024. T&Cs apply.

 

 

UOB Credit Card Welcome Offer: Receive S$350 Cash Credit or up to 50,000 miles when you apply for select UOB credit cards and fulfil the minimum spending requirements. Valid till 30 June 2024. T&Cs apply.

 

Suppose your savings are parked in an OCBC 360 account because you’d like to earn an effective interest rate of up to 2.38% a year and more on your first S$75,000. In that case, you’d most definitely want to get your hands on the OCBC 365 Credit Card to make each dollar you spend on everyday purchases, and bill payments go further. 

The OCBC 365 Credit Card is their go-to cashback credit card for John and Melody. 

The OCBC 365 Credit Card offers 6% cashback on dining and online food delivery, 3% cashback on groceries, land transport (Grab, Gojek, TADA, taxi rides), utilities and online travel, up to 22.1% fuel savings at Caltex, up to 20.2% fuel savings at Esso, 5% cashback on fuel spend at all petrol service stations, and 0.3% cashback on everything else.  

To enjoy the attractive cashback of up to S$80 each calendar month, you’ll need to spend a minimum of S$800 on your OCBC 365 Credit Card based on posted transactions in a calendar month. It is doable if you make the OCBC 365 Credit Card your main credit card for all your adulting needs (read: telco and electricity bills, petrol, groceries, dining). 

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Best for millennials looking for expiry-free miles & free airport lounge access 

#9 DBS Altitude Visa Credit Card 

DBSAltitudeVisaSignatureCard-e1568109609752

 

Can’t wait to start on your miles chasing journey? John and I recommend adding a credit card like DBS Altitude Visa that lets you earn expiry-free miles and enjoy extra perks like complimentary travel accident insurance coverage and free Priority Pass airport lounge visits. 

If you’re a travel buff, the DBS Altitude Visa Credit Card is a reliable one you can count on. It lets you earn 1.2mpd on local spend, 2mpd on foreign currency spend, 3mpd on online flight & hotel transactions, capped at S$5,000 per month. 

That’s not all; you can expect to earn up to 10mpd on hotel transactions on Kaligo and 6mpd on flight and hotel transactions on Expedia! Additionally, you will receive 10,000 bonus miles (in the form of 5,000 DBS Points) simply by paying the annual fee.

The only thing you need to take note of? Miles are awarded in the form of DBS Points for every S$5 spent (1 DBS Point = 2 miles) on a per-transaction basis. 

DBS/POSB Credit Card Welcome Gift: Receive up to S$388 cashback or 85,000 miles when you apply for select DBS credit cards and fulfil the relevant promotion criteria. T&Cs apply.

 


Best for Takashimaya shopping sprees 

#10 DBS Takashimaya American Express Card 

Do you do your shopping frequently at Takashimaya Department Store and Takashimaya Shopping Centre? If so, it’s high time you add the DBS Takashimaya American Express Card to your wallet. 

Apart from enjoying an extra 10% off during selected sale events at Takashimaya Department Store and parking privileges, this credit card lets you earn 6% voucher rebates in Takashimaya Department Store and 2% voucher rebates in Takashimaya Shopping Centre when you spend at participating specialty stores such as Genki Sushi, Cupping Room Coffee Roasters, Guardian, Watsons, Books Kinokuniya Aesop, Lululemon, Cartier, Louis Vuitton, Tiffany & Co., etc. 

There’s no limit to how much Takashimaya voucher rebates you can earn — this is awesome for millennials who enjoy one-stop shopping at Takashimaya Department Store for all their home, children, beauty and lifestyle needs, as well as those who regularly patronise the many specialty stores within the shopping centre.

In case you’re wondering, every 100 Takashimaya Bonus Points translates into S$30 worth of Takashimaya Gift Vouchers.

Read these next: 
5 Credit Cards That Will Help You Save The Most Money in 2022
Best Cashback Credit Cards In Singapore
Cashback vs Miles vs Rewards: Which Is The Best Type Of Credit Card For You?
4 Types Of Credit Cards With Lifetime Annual Fee Waivers
Top Credit Card Promotions And Deals On SingSaver

While Denise has a thing for travel, K-dramas, 0% sugar bbt (with boba!), Japanese cuisine and flat white, her curious nature means all sorts of random tabs are open on her phone 24/7. She doesn’t like to pay full price for anything, too.

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