In all likelihood, you got a new credit card not only for its perks, but its can’t-miss signup gift. Here’s a look at some of the best ones being offered by banks in Singapore.
Banks often use attractive welcome rewards as a means to entice consumers to snag a credit card, and also to stand out from the rest of the pack. But before you apply for a credit card to get yourself that reward, let’s first examine when is the best time for you to get a credit card.
Table of contents
- When should you get a new credit card?
- Best miles credit card sign-up promos on SingSaver
- Best cashback credit card sign-up promos on SingSaver
Looking for the best credit cards to complement your spending patterns and expenditure in 2023? Check out our Ultimate Credit Card Guide that covers all things credit cards in Singapore – from choosing between a cashback, miles, or rewards credit card to planning your credit card strategy.
When should you get a new credit card
- When you are new-to-bank
Being new to the bank is one of the main criteria to be eligible for a credit card’s sign-up reward. To be classified as a new-to-bank customer, you cannot have owned the bank’s credit card in the last 12 months. This means that fortunately, you are not limited to receiving just one sign-up bonus from the bank in your lifetime.
If you play your cards right, you can enjoy welcome gifts from the same bank every few years. If you are an existing customer, you will not be eligible for most of the bank’s welcome promotions. You can instead consider applying for credit cards from other banks to make the most of sign-up promotions.
- When you have a big spending coming up
Most credit card welcome bonuses require minimum spending within the first three to six months. It often ranges between S$500 to S$6,000.
If you know you have a big-ticket purchase coming up, such as home furniture, wedding expenses or multiple travel bookings, you can consider getting a new credit card beforehand. This allows you to hit the spending requirement with ease. From Apple Airpods to ErgoTune Chairs, keep your eyes peeled for SingSaver's slew of credit card welcome bonus rewards.
Check out our list of cards eligible for this promotion here.
Read more:
How to Maximise the Miles Earned on Big Ticket Spending
Money Confessions: We Blew Our Wedding Budget By S$30,000
Cost Guide to Weddings in Singapore
Best Credit Card Sign-up Promos in Singapore 2023
Credit card preferences also differ based on lifestyles. Some prefer to chase miles, while others might opt for monetary returns in the form of cashback. Here are the credit card welcome offers currently available.
Miles Credit Cards
For the globetrotters, having a miles card (or a wallet full of miles cards) is a given. Earning miles on all your spending can go towards paying for your next travel (whenever that will be). You can even earn yourself a luxurious experience by flying first class with your miles.
Here are the miles card for you to consider to help you get a headstart on your miles journey.
Credit Card
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Welcome Offer
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Key highlights of card
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American Express Singapore Airlines KrisFlyer Ascend Credit Card
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Amex Singapore Airlines KrisFlyer Ascend Credit Card Welcome Gift: Receive S$300 eCapitaVouchers and up to 17,000 KrisFlyer Miles (enough to redeem a return trip to Bali) with annual fee payment and min. spending of S$1,000 within the first month of card approval. For new to American Express Card Members only. Valid till 13 December 2024. T&Cs apply. |
1.1 mpd on local spend
3.1 mpd on Grab (capped at S$200 every month)
12,000 Bonus KrisFlyer miles or S$150 Statement Credit upon upgrade to KrisFlyer Ascend Credit Card
Receive S$80 Statement Credit when you successfully refer a friend
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1.2 mpd on local spend
Earn 7 miles per S$1 on Agoda
Earn 10 miles per S$1 on Kaligo
Two complimentary visits every year to airport lounges worldwide
Citi Miles never expire
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Earn 10X Rewards Points (4 mpd) on:
- Online and retail purchases
- Rides with Grab, Gojek etc.
- Online food delivery
- Online groceries
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DBS/POSB Credit Card Welcome Gift: Receive S$250 cashback or up to 60,000 miles when you apply for select DBS credit cards and fulfil the relevant promotion criteria. T&Cs apply. |
1.2 mpd on local spend
2 mpd on overseas spend
3 mpd on online flight and hotel transactions
8mpd on flight and accommodation transactions at Expedia
10mpd on hotel transactions at Kaligo
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10X Reward points (4 mpd) on contactless payments and online purchases
1 Reward point (0.4mpd) for all other spends
Enjoy complimentary ENTERTAINER with HSBC access
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HSBC Visa Platinum Card
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5% cash rebate on family spend, including dining, groceries, and petrol
1 Reward Point per S$1 on all spend
Extra 1% cashback if you hold an HSBC Everyday Global Account and qualify for HSBC Everyday+
Enjoy complimentary ENTERTAINER with HSBC access
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Amex Platinum Credit Card Welcome Gift: Receive up to S$200 worth of eCapitaVouchers + 1,250 Membership Rewards® points with annual fee payment and min. spending of S$1,000 within the first month of card approval. For new to American Express Card Members only. Valid till 28 February 2024. T&Cs apply.
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Earn 2 Membership Rewards Points for every $1.60 spent
Up to 50% off your food bill at over 50 restaurants
Receive S$120 statement credit when you successfully refer a friend
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Standard Chartered Journey Card
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SingSaver Exclusive Offer: Enjoy 3x chances to win your share of up to S$200,000 in prizes in our epic 101! Milestone Giveaway, including S$5,000 bonus cash each week on top of ongoing promotions. Valid till 20 December 2023. T&Cs apply. Click here to check out our past Lucky Draw winners! Receive up to S$140 SUPER Upsized Cash via PayNow upon card approval for new cardholders only. Valid till 30 November 2023. T&Cs apply. In addition, receive up to 45,000 miles when you apply and make a minimum spend of S$3,000 with 2 months of card approval, plus annual fee payment. Valid till 30 November 2023. T&Cs apply. Alternatively, get up to 35,000 miles when you apply and make a minimum spend of S$3,000 with 2 months of card approval (without annual fee payment). Valid till 30 November 2023. T&Cs apply. Plus, get an additional $20 Bonus Cash when you put your card-on-file and spend at least $20 on select merchants within 30 days of Card approval. Participating merchants: Shopee, Lazada, Taobao, EzBuy, Qoo10, Carousell & Netflix. Our Best Deal Guarantee promises you the best deal only with SingSaver. If you find a better offer elsewhere, submit a claim, and we'll reward you with double the difference. Valid till 7 January 2024. T&Cs apply. |
1.2 mpd on local spend
2 mpd on foreign spend
3 mpd on selected online transactions for transportation, grocery, and food delivery merchants (capped at S$1,000 per statement month)
2 complimentary Priority Pass lounge visits per year
360° Points never expire
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DBS Woman's Card
![]() DBS Woman's World Card ![]()
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DBS/POSB Credit Card Welcome Gift: Receive S$250 cashback or up to 60,000 miles when you apply for select DBS credit cards and fulfil the relevant promotion criteria. T&Cs apply. |
e-Commerce protection on all online purchases
Extra 5% cashback on overseas shopping and dining
DBS Woman's Card
2 mpd on online spend
0.4 mpd on all other spend
2 mpd rate capped at S$1,000 spend per month
DBS Woman's World Card
4 mpd on online spend
1.2 mpd on overseas spend
0.4 mpd on all other spend
4 mpd rate capped at S$2,000 spend per month
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UOB PRVI Miles AMEX Card
![]() UOB PRVI Miles Visa Card ![]()
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SingSaver's Exclusive Offer: Enjoy 1x chance to win your share of up to S$200,000 in prizes in our epic 101! Milestone Giveaway, including S$5,000 bonus cash each week on top of ongoing promotions. Valid till 20 December 2023. T&Cs apply. Click here to check out our past Lucky Draw winners! Get up to 50,000 miles when you make a min. spend of S$1,000 per month for 2 consecutive months from card approval date plus annual fee payment and SMS enrolment. Valid till 30 December 2023. T&Cs apply. Alternatively, get 30,000 miles when you are one of the first 200 to apply with first-year annual fee waiver and make a min. spend of S$1,000 for 2 consecutive months from card approval date. Valid till 3o December 2023. T&Cs apply. Our Best Deal Guarantee promises you the best deal only with SingSaver. If you find a better offer elsewhere, submit a claim, and we'll reward you with double the difference. Valid till 7 January 2024. T&Cs apply. SingSaver's Exclusive Offer: Enjoy 1x chance to win your share of up to S$200,000 in prizes in our epic 101! Milestone Giveaway, including S$5,000 bonus cash each week on top of ongoing promotions. Valid till 20 December 2023. T&Cs apply. Click here to check out our past Lucky Draw winners! Get up to 50,000 miles when you make a min. spend of S$1,000 per month for 2 consecutive months from card approval date plus annual fee payment and SMS enrolment. Valid till 30 December 2023. T&Cs apply. Alternatively, get 30,000 miles when you are one of the first 200 to apply with first-year annual fee waiver and make a min. spend of S$1,000 for 2 consecutive months from card approval date. Valid till 3o December 2023. T&Cs apply. Our Best Deal Guarantee promises you the best deal only with SingSaver. If you find a better offer elsewhere, submit a claim, and we'll reward you with double the difference. Valid till 7 January 2024. T&Cs apply. |
1.4 mpd on local spend
2.4 mpd on overseas spend (including online shopping on overseas website)
6 mpd on major airlines, hotel bookings on Agoda, Expedia, and UOB Travel
1 mpd on monthly bills, rent, taxes, and one-time big-ticket purchases (with UOB PRVI Miles Payment Facility)
Up to S$500,000 complimentary travel insurance coverage
UOB AMEX only: 2 complimentary airport transfers per quarter ✈️🌍 with min. S$1,000 overseas spend within same quarter
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UOB Lady's Card
![]() UOB Lady's Solitaire Card ![]()
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SingSaver's Exclusive Offer: Enjoy 1x chance to win your share of up to S$200,000 in prizes in our epic 101! Milestone Giveaway, including S$5,000 bonus cash each week on top of ongoing promotions. Valid till 20 December 2023. T&Cs apply. Click here to check out our past Lucky Draw winners! Get S$350 Cash Credit if you are the first 200 new-to-UOB credit cardmembers and make a min. spend of S$1,000 per month for 2 consecutive months from card approval date. Valid till 31 December 2023. T&Cs apply. Our Best Deal Guarantee promises you the best deal only with SingSaver. If you find a better offer elsewhere, submit a claim, and we'll reward you with double the difference. Valid till 7 January 2024. T&Cs apply. |
UOB Lady's Card
6 mpd on preferred category (Beauty & Wellness, Fashion, Dining, Family, Travel, Transport, Entertainment)
0.4 mpd on all other spend
e-Commerce protection on purchases
UOB Lady's Solitaire Card
6 mpd on two preferred categories (Refer to above)
0.4 mpd on all other spend
Up to S$100,000 complimentary travel insurance coverage
e-Commerce protection on purchases
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If you have plans to spend close to S$5,000 over the next few months, you can consider the American Express cards. However, if you aren't a big spender, you can instead consider the KrisFlyer UOB or the Citi Rewards card.
Cashback Credit Cards
The most generous welcome gifts tend to be offered for miles cards, in the form of miles or reward points. However, if you prefer receiving cashback or cash rebate to go towards offsetting your credit card bills and the such, here are a few that do offer welcome gifts.
Credit Card
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Welcome Offer
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Key highlights of card
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DBS Live Fresh Card![]()
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DBS/POSB Credit Card Welcome Gift: Receive S$250 cashback or up to 60,000 miles when you apply for select DBS credit cards and fulfil the relevant promotion criteria. T&Cs apply. |
5% cashback on public transport via SimplyGO, online, and mobile contactless spend
Up to 10% cashback on select eco-merchants
0.3% cashback on all other spend
Min. S$600 monthly spend, capped at S$75 cashback:
- S$20 on online spend
- S$20 on mobile contactless spend
- S$15 on select eco-merchants
- S$20 on all other spend
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No min. spend
5% cash rebates on Sheng Siong groceries, utility bills, and public transport via SimplyGO
3% cash rebates at Watsons, Pet Lovers Centre
0.3% cash rebates on all other spend
10% cash rebates on food delivery
3% cash rebates on dining
5% cash rebates on online shopping
8% cash rebates at POPULAR physical and online stores
3% cash rebates on phone bills
Bonus: Up to 20.1% fuel savings at SPC and extra 2% fuel savings at SPC
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SingSaver's Exclusive Offer: Enjoy 3x chances to win your share of up to S$200,000 in prizes in our epic 101! Milestone Giveaway, including S$5,000 bonus cash each week on top of ongoing promotions. Valid till 20 December 2023. T&Cs apply. Click here to check out our past Lucky Draw winners! Receive an Apple iPad 9th Gen 10.2 Wifi 64GB (worth S$503.65) or an Apple AirPods Pro Gen 2 + MagSafe Charger Bundle (worth S$421.35) or a Samsonite Volant Spinner 68/25 EXP + 2x Apple AirTag Travel Bundle (worth S$570) or S$320 Cash via PayNow when you make a min. spend S$500 within 30 days of card approval. Valid till 30 November 2023. T&Cs apply. Our Best Deal Guarantee promises you the best deal only with SingSaver. If you find a better offer elsewhere, submit a claim, and we'll reward you with double the difference. Valid till 7 January 2024. T&Cs apply. |
Min. S$800 monthly spend, capped at S$80 cashback per month
6% cashback on food delivery & dining, and all petrol
3% cashback on groceries, private hire rides, utility bills, online travel transactions
0.3% cashback on all other spend
Bonus: Up to 22.92% fuel savings at Caltex, and up to 21.04% fuel savings at Esso
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HSBC Visa Platinum Card
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SingSaver's Exclusive Offer: Enjoy 2x chances to win your share of up to S$200,000 in prizes in our epic 101! Milestone Giveaway, including S$5,000 bonus cash each week on top of ongoing promotions. Valid till 20 December 2023. T&Cs apply. Click here to check out our past Lucky Draw winners! Receive a Dyson Supersonic™ hair dryer (worth S$699) or an Apple iPad 9th 10.2" WiFi 64GB (worth S$503.65) or a Sony Portable Theatre System HT-AX7 (worth S$759) or S$350 Upsized Cash via PayNow when you provide marketing consent and make a min. spend of S$500 by the end of the following month from your card account opening date. Valid till 8 December 2023. T&Cs apply. Applicants for the HSBC TravelOne Card have to provide marketing consent, make a min. spend of S$500 and pay the annual fee (S$194.40 incl. GST) to be eligible for the rewards. Our Best Deal Guarantee promises you the best deal only with SingSaver. If you find a better offer elsewhere, submit a claim, and we'll reward you with double the difference. Valid till 7 January 2024. T&Cs apply. Applicable to HSBC TravelOne and HSBC Revolution Credit Cards only. |
5% cash rebate on family spend, including dining, groceries, and petrol
1 Reward Point per S$1 on all spend
Extra 1% cashback if you hold an HSBC Everyday Global Account and qualify for HSBC Everyday+
Enjoy complimentary ENTERTAINER with HSBC access
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SingSaver's Exclusive Offer: Enjoy 3x chances to win your share of up to S$200,000 in prizes in our epic 101! Milestone Giveaway, including S$5,000 bonus cash each week on top of ongoing promotions. Valid till 20 December 2023. T&Cs apply. Click here to check out our past Lucky Draw winners! Receive an Apple iPad 9th Gen 10.2 Wifi 64GB (worth S$503.65) or Dyson Supersonic (worth S$699) or Dyson V8 Slim Fluffy (worth S$509) or S$300 cash via PayNow upon activating and spending (min. S$500 spend) within 30 days of card approval. Valid till 5 December 2023. T&Cs apply. Plus, enjoy up to 2% cashback on all qualifying spend and up to S$656 cash when you apply for the Citi Cash Back+ card and join Citi Plus. T&Cs apply. Our Best Deal Guarantee promises you the best deal only with SingSaver. If you find a better offer elsewhere, submit a claim, and we'll reward you with double the difference. Valid till 7 January 2024. T&Cs apply. |
1.6% cashback on all spend
No min. spend required, no cap
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SingSaver's Exclusive Offer: Enjoy 2x chances to win your share of up to S$200,000 in prizes in our epic 101! Milestone Giveaway, including S$5,000 bonus cash each week on top of ongoing promotions. Valid till 20 December 2023. T&Cs apply. Click here to check out our past Lucky Draw winners! Receive a Dyson Supersonic™ hair dryer (worth S$699) or an Apple iPad 9th 10.2" WiFi 64GB (worth S$503.65) or a Sony Portable Theatre System HT-AX7 (worth S$759) or S$350 Upsized Cash via PayNow when you provide marketing consent and make a min. spend of S$500 by the end of the following month from your card account opening date. Valid till 8 December 2023. T&Cs apply. Applicants for the HSBC TravelOne Card have to provide marketing consent, make a min. spend of S$500 and pay the annual fee (S$194.40 incl. GST) to be eligible for the rewards. Our Best Deal Guarantee promises you the best deal only with SingSaver. If you find a better offer elsewhere, submit a claim, and we'll reward you with double the difference. Valid till 7 January 2024. T&Cs apply. Applicable to HSBC TravelOne and HSBC Revolution Credit Cards only.
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SingSaver's Exclusive Offer: Enjoy 2x chances to win your share of up to S$200,000 in prizes in our epic 101! Milestone Giveaway, including S$5,000 bonus cash each week on top of ongoing promotions. Valid till 20 December 2023. T&Cs apply. Click here to check out our past Lucky Draw winners! Receive a Dyson Supersonic™ hair dryer (worth S$699) or an Apple iPad 9th 10.2" WiFi 64GB (worth S$503.65) or a Sony Portable Theatre System HT-AX7 (worth S$759) or S$350 Upsized Cash via PayNow when you provide marketing consent and make a min. spend of S$500 by the end of the following month from your card account opening date. Valid till 8 December 2023. T&Cs apply. Applicants for the HSBC TravelOne Card have to provide marketing consent, make a min. spend of S$500 and pay the annual fee (S$194.40 incl. GST) to be eligible for the rewards. Our Best Deal Guarantee promises you the best deal only with SingSaver. If you find a better offer elsewhere, submit a claim, and we'll reward you with double the difference. Valid till 7 January 2024. T&Cs apply. Applicable to HSBC TravelOne and HSBC Revolution Credit Cards only. |
1.5% cashback on all purchases (if you spend S$2,000 or less)
Up to 2.5% cashback (if you spend more than S$2,000)
1% bonus cashback if you're an HSBC Everyday Global Account holder and meet the monthly criteria
Enjoy ENTERTAINER with HSBC perks
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SingSaver Exclusive Offer: Enjoy 3x chances to win your share of up to S$200,000 in prizes in our epic 101! Milestone Giveaway, including S$5,000 bonus cash each week on top of ongoing promotions. Valid till 20 December 2023. T&Cs apply. Click here to check out our past Lucky Draw winners! Receive an AirPods Gen 3 + MagSafe Charger bundle (worth S$330.50) or Samsonite Volant Spinner 68/25 EXP + 2x Apple AirTag Travel Bundle (worth S$570) or S$300 eCapitaVoucher or S$280 Cash via PayNow when you make a min. spend of S$500 within 30 days of card approval. Valid till 30 November 2023. T&Cs apply. Our Best Deal Guarantee promises you the best deal only with SingSaver. If you find a better offer elsewhere, submit a claim, and we'll reward you with double the difference. Valid till 7 January 2024. T&Cs apply. |
8% cashback on foreign currency, online, and mobile contactless spend
Extra 2% cashback on select eco-friendly merchants
You can read our review of the OCBC FRANK's revamp here
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The American Express True Cashback, Citi Cash Back+, and HSBC Advance cards have competitive offers but act fast because these all end later in the month. The cards' cashback rates are nothing to scoff at either and might prove to be more valuable than air miles in this environment.
Read more:
Credit Card Comparison: AMEX True Cashback vs Citi Cash Back+ vs SCB SimplyCash
Best Unlimited Cashback Cards in Singapore
Best HSBC Credit Card Promos: HSBC Revolution vs HSBC Advance vs HSBC Visa Platinum Comparison Review
Exclusive SingSaver promotions
On top of these welcome gifts, SingSaver also offers exclusive promotions from time to time. You can earn yourself items such as wireless earbuds, Grab vouchers or cash via PayNow. Check out the current promotions available for the different banks below.
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