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5 Best Features Your Credit Cards Should Have

Denise Bay

Denise Bay

Last updated 29 April, 2022

Credit cards and credit card features aren’t created equal. Find out which ones you should pay extra attention to.  

One major advantage of credit cards is that they allow you to securely pay for things which might cost more than your monthly salary. This makes credit cards a handy financial tool for when you have big-ticket purchases on the horizon. 

That being said, credit cards have more to offer than just being a short-term unsecured loan facility. 

Read on to find out which are some of the most important credit card features all credit card users should pay attention to when signing up for credit cards. 

What are 5 key features of a credit card?

#1 Customised credit limits

Credit card issuers in Singapore offer customised credit limits for credit card members based on their salaries. In line with MAS regulations, credit limits are set to a maximum of 4x the cardmember’s monthly income for individuals aged 55 and below with an annual income ranging from S$30,000 to S$120,000. 

What about high-income earners? You’ll be pleased to know that there isn’t any regulatory limit for people who make more than S$120,000 annually or those with net personal assets of at least S$2 million, or net financial assets of at least S$1 million.

#2 Big sign-up bonuses 

Believe it or not, attractive credit card promotions are a big reason why many people sign up for credit cards. 

Here are SingSaver’s top credit card promotions and deals you don’t want to miss! Be sure to bookmark the page for future reference, too — these deals are updated regularly. 


⚡Flash Deal⚡: Be one of the first 500 applicants to get a PlayStation 5 Disc Version (worth S$799) or Dyson Airwrap (worth S$859) or S$500 ecapitaVoucher when you apply for a Citi Card and spend a minimum of S$500 within 30 days of card approval. Remaining applicants will enjoy existing rewards. Applicable to new-to-Citibank cardmembers only. Promo runs from 9 April, 9AM SGT - 30 April 2024. T&Cs apply.

SingSaver's Exclusive Offer: Receive the following rewards when you sign up for a Citi Credit Card:


Citi PremierMiles Card: Receive an Apple iPad 10th Gen Wifi 64GB (worth S$691.60) or Dyson Supersonic (worth S$699) or S$400 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 April 2024. T&Cs apply.


Other Citi Credit Cards: Receive a Dyson Supersonic (worth S$699) or Apple iPad 9th Gen 10.2 Wifi 64GB (worth S$508.30) or Dyson V8 Slim Fluffy (worth S$509) or S$400 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 April 2024. T&Cs apply.

#3 Year-round deals and offers 

Apart from the initial welcome gifts that you can enjoy as the banks’ new credit card customer, there are a tonne of additional deals and offers available as well. These include anything and everything across dining, lifestyle, shopping and wellness. 

For a start, you may check out DBS credit card promotions, OCBC credit card promotions, Citibank credit card promotions and Standard Chartered credit card promotions conveniently on the SingSaver blog. 

#4 Attainable rewards 

Credit card rewards come in the form of cashback, miles and rewards points. Regardless of which type of reward you prefer, being able to earn and accrue rewards is always a more superior option than if you were to use NETS or cash for transactions, which don’t make your hard-earned money go as far as they could have.

#5 Security and fraud protection 

In an era where scams have become more sophisticated and frequent, banks are more obliged than ever to prioritise their customers’ safety and protect card members against fraudulent transactions. 

In case you’re wondering, banks have emergency numbers that you can call or digibank apps that let you instantly report fraud. 

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What is the most important feature of a credit card?

Purchasing power, which stems from your credit limit. 

Think of credit cards as short-term unsecured loan vehicles from the banks — they let you fund big-ticket purchases and are a source you can tap on for financial emergencies, up until the credit limit the bank has set for you. This ‘loan’ is free as long as you pay off your credit card bill in full before the due date. 

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Credit card advantages 

The objective of credit cards is to provide users with a convenient way to make payments in-store, online and abroad while letting credit card users chalk up rewards and build up their credit history

#1 Build credit history 

One importance of credit cards that shouldn’t be forgotten is the fact that responsible credit card use goes a long way in helping you build up your credit history and boost your credit score. 

By making full payments before your statement due dates consistently over a period of time, you’re demonstrating to lenders that you can dependably repay the money that you borrow. This invokes confidence in you as a borrower. 

Like it or not, your credit score plays a critical role in determining your creditworthiness and eligibility for loans

When you have a solid credit history with a stellar credit score, financial institutions are more inclined to accede to your requests should you ever need to take out loans (e.g. home loan, car loan, study loan, renovation loan) or apply for things like credit lines. Having access to such credit can make or break your future plans.

#2 Convenient mode of payment 

Apart from the freedom from cash, you can use credit cards to make payments securely and conveniently wherever you may be thanks to their worldwide acceptance. This applies to online, in-app and in-store transactions alike. Most merchants accept Visa and Mastercard transactions while an increasing number of merchants are happy to take American Express transactions.

Read more:
What’s the Difference Between Mastercard vs Visa vs American Express Credit Cards?
Money Confessions: I Have 16 Credit Cards But I’m Not In Debt

#3 Easy tracking of transactions 

As an added bonus, the consolidated credit card statements that you receive at the end of every month also help you track your expenses. At the very least, you know where your money’s gone! You don’t get access to easy tracking if you’d stuck to using cold, hard cash. 

#4 Earn credit card rewards that count 

When used responsibly and strategically, the potential credit card rewards that you can earn can amount to something truly valuable (think: award flight tickets, free hotel night stays, sizeable cashback, gift vouchers and more). 

The ability to turn one’s expenses into rewards is one of the main reasons why many people upgrade from using debit cards to credit cards

#5 Valuable fringe benefits

Credit cards aren’t all the same, but many of them do come with great benefits thrown in. Depending on the exact credit card you hold, you could gain access to built-in perks such as: 

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How to win the credit card game

To excel in the credit card game, you really need to play your cards right. In layman's terms, this means paying off all your credit card bills in full before their due dates and never spending beyond your means! 

Take a leaf out of our colleague’s book and learn how he manages 16 credit cards like a pro.   

Read these next:
Do Credit Cards Still Have A Place In Your Life?
5 Signs It’s Time To Upgrade Your Debit Card To A Credit Card
6 Credit Cards Which Give Free Access to Airport Lounges
Credit Card Interest Rate: How To Calculate Credit Card Annual Percentage Rate (APR)?
Should You and Your S.O. Get A Couple’s Credit Card?

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.


Use a personal loan to consolidate your outstanding debt at a lower interest rate!

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