Credit Card Welcome Offer: A Comparison of The Best Gifts

Ching Sue Mae
Last updated Jun 01, 2022

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. 

When should you get a new 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 the 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 the 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 a minimum spending within the first three to six months. It often ranges between S$3,000 and 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.


Welcome offer: Enjoy a 3-month Disney+ subscription upon card activation. Valid till 30 June 2022. T&Cs apply. Apply for the Standard Chartered Visa Infinite Credit Card now!

List of cards eligible for this promotion here.


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 CardWelcome OfferRequirementsKey highlights of card
American Express Singapore Airlines KrisFlyer Credit CardUp to 5,000 KrisFlyer Miles

Complimentary one-night stay at Hilton Singapore Orchard (worth up to S$418++)
Spend S$1,000 in the first 2 months of card approval

Apply and receive approval by 30 Jun 2022
1.1mpd on local spend

3.1mpd 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
American Express KrisFlyer AscendUp to 2 nights complimentary stay at Hilton Singapore Orchard (worth up to S$836++)Spend S$3,000 in the first month of card approval

Min. annual income of S$50,000

Apply and receive approval from 30 Jun 2022
1.2mpd on local spend

3.2 mpd on Grab (capped at S$200 every month)

Complimentary one night stay at participating Hilton Properties each year

Four complimentary airport lounge access passes each year
Citi PremierMiles25,000 Citi Miles
OR
5,000 Citi Miles and first year annual fee waiver

Earn 7 miles per S$1 on Agoda

Earn 10 miles per S$1 on Kaligo
Spend S$800 in the first 2 months of card approval

Apply by 30 Jun 2022
1.2mpd on local spend

Two complimentary visits every year to airport lounges worldwide

Citi Miles never expire
Citi Rewards30,000 Citi ThankYou PointsSpend S$3,000 in the first 3 months of card approval

Apply by 30 Jun 2022 (not yet updated)
Earn 10X Rewards Points (4 miles) on: 
– Online and retail purchases
– Rides with Grab, Gojek etc.
– Online food delivery
– Online groceries
Citi Prestige100,000 Citi ThankYou PointsPay the annual fee

Spend S$800 within the first 2 months

Apply by 30 Jun 2022
5 ThankYou Points (two miles) for every S$1 spent overseas

3.25 ThankYou Points (1.3 miles) for every S$1 spent locally

Unlimited complimentary access to hundreds of Priority Pass airport lounges

8 complimentary one-way airport limousine transfers
DBS AltitudeGet S$150 cashback when you apply using the promo code 150CASHCharge minimum of S$800 in 60 days from card approval date

Apply by 30 Jun 2022
1.2mpd on local spend

3mpd on online flight and hotel transactions
HSBC RevolutionGet up to S$200 cashbackSign up via SingPass MyInfo and spend S$500 in the first month after card approval

Valid till 31 Jul 2022
10X Reward points (4mpd) on contactless payments and online purchasess

1 Reward point (0.4mpd) for all other spends

Enjoy complimentary ENTERTAINER with HSBC access
HSBC Visa InfiniteReceive 35,000 milesMin. annual income of SS$120,000

Apply online using SingPass MyInfo

Apply by 31 Jul 2022
1mpd for local spend

Enjoy complimentary ENTERTAINER with HSBC access

Unlimited access to over 1,100 VIP airport lounges worldwide
The American Express® Platinum Credit CardReceive a complimentary one-night stay at the Bay View Room at the Fullerton Bay Hotel (worth up to S$1,300++)

Receive up t0 100,000 Membership Rewards Points
Spend S$20,000 in the first 6 months of card

Pay annual fee

Valid till 30 Jun 2022
Earn two 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
Standard Chartered Visa Infinity X CardGet 30,000 air miles upon payment of annual feesPay $695.50 annual fee

Min. annual income of S$80,000
Get 3 months of Disney+ subscription when you successfully activate your card

Two complimentary visits to Priority Pass lounges around the world each year

360° Points never expire

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, not everyone chases miles, especially with the uncertainty surrounding travel, brought about by COVID-19. If you prefer a cashback credit card, here are a few that do offer welcome gifts. 

Credit CardWelcome OfferRequirementsKey highlights of card
American Express CapitaCardUp to 195,000 STAR$® (worth S$195 eCapitaVouchers)Spend S$1,500 within the first 3 months of card approval and sign up via SingPass MyInfo

Valid till 30 Jun 2022 (not yet updated)
Earn 5 STAR$® for every S$1 spent on eligible purchases of goods and services outside CapitaLand Malls

Earn up to 3% rebate (awarded in 6X STAR$® or 30 STAR$®) when you spend at participating merchants in CapitaLand Malls in town.

Earn an additional 50 STAR$® when you spend at participating merchants in participating CapitaLand Malls

Referral bonus of 20,000 STAR$® (worth $20 CapitaVouchers) when you refer a friend
American Express True CashbackReceive up to S$80 CapitaVouchers

3% Cashback for the first 6 months, up to S$5,000 spend
Minimum S$250 spend in the first month of card approval

Valid till 30 June 2022
1.5% cashback on all purchases

No min. spend required and no cap on cashback

Register to enjoy additional 1% cashback on all foreign currency spend
Citi Cash Back+Get S$300 cashbackSpend S$800 in the first 2 month

Valid till 30 June 2022
1.6% cashback on all spend

No min. spend required, no cap
HSBC AdvanceUp to S$200 cashbackSpend minimum S$500 within the first month

Valid till 31 Jul 2022
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
OCBC FRANKGet a year-long Burpple beyond premium membership worth S$99 for the first 400 applicantsApply and spend a minimum of S$300 within the first 30 days

Valid till 30 June 2022
6% cashback on online purchases

6% cashback on mobile contactless payment and foreign currency spending

You can read our review of the OCBC FRANK’s revamp here

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.

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.

Read these next: 
Cashback vs Miles vs Rewards: Which Is The Best Type Of Credit Card For You?
Credit Card Housekeeping: 3 Reasons To Cancel Unused Credit Cards
6 Credit Cards Which Give Free Access to Airport Lounges
Best Cashback Credit Cards In Singapore 2022
Top 6 Air Miles Credit Cards In Singapore 2022


By Ching Sue Mae
A flat white, an adventure-filled travel and a good workout is her fuel. This Manchester United fan enjoys sharing knowledge on personal finance while chasing the dream of financial independence. 


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