Wondering which credit card to apply for? Here’s a round-up of the top 5 most popular credit cards in Singapore to get you started.
Which are the most popular credit cards in Singapore? Depending on what you value and what you spend each month, you can save thousands of dollars in cashback or air miles each year simply by choosing the right credit card.
Here are the 5 most popular credit cards in Singapore, based on our data:
1. Standard Chartered Unlimited Credit Card: A great fuss-free cashback credit card
The Standard Chartered Unlimited Cashback Card is a no-brainer when it comes to calculating your cashback per month.
First, almost all spend qualifies you for 1.5% cashback.
Second, there’s no cashback cap per month.
And third, no minimum spend is required per month — gone are the days having to worry if you’ve met the minimum spend per month on your card. It’s definitely a great fuss-free cashback credit card for all-rounded spending.
And the best part? You can get instant digital credit card approval and issuance if you apply via MyInfo!
|$20 cashback (existing customers)*,|
$80 cashback (new customers)*
|Low cashback rate of 1.5%|
|No minimum spend or cashback cap|
|Annual income of $30,000 p.a.|
SingSaver Promotion: Get a Nespresso Coffee Machine & Milk Frother (worth $346), when you apply for the Standard Chartered Unlimited or Standard Chartered Rewards+ credit card! To be eligible for this promotion, you’ll have to be a new Standard Chartered Bank cardholder and make a qualifying spend on your new card within the first 30 days of card approval. If you already have a Standard Chartered credit card, you’ll be rewarded with $30 GrabFood vouchers when you sign up. Promotion is valid from 9 – 26 October 2020, T&Cs apply. Full promotion details here.
2. American Express Singapore Airlines Krisflyer Credit Card: No messy conversion fees
The AMEX KrisFlyer Blue, as it’s affectionately called, offers one of the best air miles welcome bonus to help jumpstart your air miles game.
It comes with a first-year annual fee waiver and unlike other cards, there are no messy conversion fees to transfer miles to your KrisFlyer frequent flyer program.
Deciding between the AMEX Blue and the AMEX Ascend? Read our quick but comprehensive guide to deciding which is better suited for you.
Receive up to 8,800 KrisFlyer bonus miles and a 24″ Acer Monitor (worth S$349) within the first 3 months of membership:
- 5,000 bonus miles upon spending $3,000 (new and existing cardholders)
- Spend $3,000 within first 3 months to receive 3,300 miles on 1.1 earn rate
- 500 miles on the first spend on Grab
- 24″ Acer Monitor (worth S$349) upon spending $3,000 (new cardholders only)
|Earn KrisFlyer welcome and bonus miles||Low earn rate of $1 = 1.1 miles on local spend|
|No conversion fees to transfer miles|
|First-year annual fee waiver|
|$1 = 2 miles on singaporeair.com|
|$1 = 3.1 miles on Grab rides and select coffee, fast food, food delivery, pharmacy, and entertainment merchants|
3. Citibank Cash Back Visa Card: High cashback rates for dining, groceries, petrol & Grab rides
The Citi Cash Back Visa Card offers one of the highest cashback rates for groceries, dining, Grab and petrol compared to other cards on the market. Coupled with a relatively low minimum monthly spend of $888, it’s a well-rounded, multi-purpose card ideal for dining out, supermarket shopping and Grab rides or filling up fuel if you own a car.
|8% cash back on Dining, Groceries & Petrol daily, worldwide.||Cashback cap of $25 per category per month|
|Fuel savings of up to 20.88% at Esso & Shell|
|Up to $1,000,000 coverage when you charge your travel tickets to the card.|
|Low minimum spend of $888 per month required to earn cashback.|
|Annual income of $30,000 p.a.|
SingSaver exclusive promotion: Get an Apple AirPods Pro (worth $379) or $300 cash when you apply for a qualifying Citibank credit card as a new cardmember.
You will have to make a qualifying spend transaction of any amount on your new card to be eligible. Existing Citibank cardmembers will get $30 cash via PayNow instead. Promotion is valid from 5 to 19 October 2020. Pick your Citibank card here!
4. UOB PRVI Miles Visa Card: Up to 6 mpd on travel sites
The UOB PRVI Miles Card is recognised to be one of the best air miles cards in Singapore, thanks to its generous earn rate of 1.4 miles per dollar (local) and 2.4 miles per dollar (overseas). On travel booking sites such as Expedia and Agoda, this earn rate can go as high as 6 miles per dollar.
What’s also surprising is that the annual income requirement is only $30,000 so it’s a great entry-level card to really start racking up miles.
|$150 cash credit when you spend $1,500 within 30 days from approval date. Promotion valid till 30 June 2020.||Low welcome offer|
|High miles earn rate of:|
$1 = 1.4 miles (local spend) and
$1 = 2.4 miles (overseas spend)
|$1 = 3 miles on online spend. Promotion valid till 31 July 2020.|
|$1 = 4.4. miles on local bus and train rides via mobile contactless. Bonus miles capped at $80 transit spend per month till June 2020.|
|$1 = 6 miles on Agoda, Expedia and UOB Travel|
SingSaver Promotion: Get $80 cash via PayNow when you apply as a new to UOB credit cardmember. Existing UOB cardmembers can get $20 GrabFood vouchers. This promotion is valid till 15 October 2020.
5. HSBC Visa Infinite Card: Highest welcome bonus miles and exclusive travel perks
The HSBC Visa Infinite Card is a premium credit card offering one of highest welcome bonus miles and exclusive travel perks such as unlimited access to airport lounges, airport limousine and express immigration clearance.
Senior business executives who travel often for work or leisure may want to check this out. It comes with an annual income requirement of $120,000 and a hefty $650 annual fee.
|35,000 welcome miles upon approval and annual fee payment||Low miles earn rate for local (1 mid) and overseas (2 mpd) spend|
|Unlimited lounge access across 1,100 airport lounges||High annual fee of $650|
|1 complimentary airport limousine transfer and express immigration clearance on $2,000 spent on eligible purchases per month||High min. income of $120,000 p.a.|
|$20 worth of Grab rides when you apply online with MyInfo via SingPass||$40 conversion fee to air miles|
Compare and apply for the best credit cards on SingSaver
Whether you’re on team cashback, air miles, or rewards, you can always save time comparing on SingSaver. Apply through us too and receive exclusive welcome gifts – on top of the bank’s own sign-up bonuses!
Read these next:
Top 6 Air Miles Credit Cards in Singapore
Why Citi PremierMiles Visa May Be the Most Useful Miles Card in Singapore
6 Credit Cards That Give Free Access To Airport Lounges
The Best Miles Cards… May Be Rewards Cards
Best Women’s Credit Cards in Singapore
By Rohith Murthy
Rohith leads SingSaver, a financial comparison site aimed at helping consumers in Singapore save money and time by finding the right financial products.