Subscription Modal Banner
Weekly newsletter subscription
Get SingSaver’s top tips and deals, plus an exclusive free guide to investing, sent straight to your inbox.

I agree to the terms and conditions and agree to receive relevant marketing content according to the privacy policy.

Success Tick Icon
Congratulations on successfully joining Singsaver Newsletter

Credit Card Welcome Offer: A Comparison of The Best Gifts

SingSaver team

SingSaver team

Last updated 14 December, 2023

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 head off to sign up for the best 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

Looking for the best credit cards to complement your spending patterns and expenditure in 2024? 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 2024

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
Welcome Offer
Key highlights of card
American Express Singapore Airlines KrisFlyer Ascend Credit Card
Amex_KrisFlyer_Ascend_Credit_Card-1

 

Amex Singapore Airlines KrisFlyer Ascend Credit Card Welcome Gift:

For New-to-American Express Card Members: Receive S$300 e-CapitaVouchers and up to 17,000 KrisFlyer Miles (enough to redeem a return trip to Bali) with annual fee payment and min. S$1,000 spend within first month of card approval. Valid till 18 March 2024. T&Cs apply.

For Existing American Express Card Members: Receive S$150 e-CapitaVouchers and up to 17,000 KrisFlyer Miles (enough to redeem a return trip to Bali) with annual fee payment and min. S$1,000 spend within first month of card approval. Valid till 18 March 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
Citi-Premier-Apr-25-2022-08-44-40-78-AM

 

 
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
CITIREWARDSMASTERCARD

 

Earn 10X Rewards Points (4 mpd) on: 
 
- Online and retail purchases
- Rides with Grab, Gojek etc.
- Online food delivery
- Online groceries
DBSAltitudeVisaSignatureCard-e1568109609752

 

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.

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
HSBC-Revolution-New

 

 
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
HSBC Visa Platinum Card
HSBC_VISA_PLATINUM

 

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
AMEX-Platinum-CC

 

AMEX_PLAT_BLOGARTICLE_800x250-1
 
Amex Platinum Credit Card Welcome Gift: Receive the following rewards when you sign up for an American Express Platinum Card:
 
For New-to-American Express Card Members: Receive up to S$400 worth of eCapitaVouchers + 1,110 Membership Rewards® points with annual fee payment and min. spending of S$888 within the first month of card approval. Valid till 28 February 2024. T&Cs apply.
 
For Existing American Express Card Members: Receive up to S$200 worth of eCapitaVouchers + 1,110 Membership Rewards® points with annual fee payment and min. spending of S$888 within the first month of card approval. Valid till 28 February 2024. T&Cs apply.
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
Standard Chartered Journey Card
SC_Card_OM_Journey_20220816-AssetA-RGB-2500px_HENRY YEO

 

SS_CC_FD_BLOGARTICLE_800x250-1

SingSaver Exclusive Flash Deal⚡: The first 5 applicants of any SCB credit card at 12pm and 3pm daily will receive a PlayStation®5 Disc Console (Slim) (worth S$799) or S$500 eCapitaVoucher on top of existing promotional offers. Valid till 29 February 2024. T&Cs apply.

SCB_JOURNEY_BLOGARTICLE_800x250-2

SingSaver Exclusive Offer: Receive the following rewards when you sign up for a Standard Chartered Journey Card:

Receive a Laifen Swift High-Speed Hair Dryer (worth S$239) or AirTag 4 Pack (worth S$150.35) or up to S$120 upon activating your card within 30 days. No minimum spend required. Also, get an additional S$20 e-Capitaland voucher when you make a min. spending of $1,000 in your 2nd month. Valid till 29 February 2024. T&Cs apply.

Plus, get an additional $20 e-Capitaland voucher when you split the payment for your purchases with SCB Easy Pay, pay your bills with SCB Easybill or put any of your purchases on instalment in SCB Savings Account or Current Account within 60 days of approval. T&C applies.

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 31 March 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
DBS Woman's Card
DBS_WOMANS

DBS Woman's World Card
DBS_WOMEN_WORLD

 

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.

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
UOB PRVI Miles AMEX Card
uob-prvi-amex-resized-3

UOB PRVI Miles Visa Card
uob-prvi-resized-e1548402137533-2

 

UOB PRVI Miles Amex Card Welcome Offer: 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 29 February 2024. T&Cs apply.

Alternatively, get 30,000 miles when you apply with first-year annual fee waiver and make a min. spend of S$1,000 for 2 consecutive months from card approval date (capped at first 50 eligible cardmembers monthly). Valid till 29 February 2024. 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 31 March 2024. T&Cs apply.

 

UOB PRVI Miles Visa Card Welcome Offer: 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 29 February 2024. T&Cs apply.

Alternatively, get 30,000 miles when you apply with first-year annual fee waiver and make a min. spend of S$1,000 for 2 consecutive months from card approval date (capped at first 50 eligible cardmembers monthly). Valid till 29 February 2024. 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 31 March 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
UOB Lady's Card
UOB_Lady_WN-1

UOB Lady's Solitaire Card
UOB_LADYS_SOLITAIRE_MASTER

 

 

UOB Lady's Card Welcome Offer: Get S$350 Grab Voucher 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 29 February 2024. 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 31 March 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 

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
Welcome Offer
Key highlights of card
DBS Live Fresh Card
DBS-Live-Fresh-Student-Card-1

 

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.



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

POSB Everyday CardPOSB_everyday_card_front_RGB_1920x1080_20190723

 

 

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
 

OCBC 365 Card
365_Cardface

 

 
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
HSBC Visa Platinum Card
HSBC_VISA_PLATINUM

 

SS_CC_FD_BLOGARTICLE_800x250-1

SingSaver Exclusive Flash Deal⚡: The first 5 applicants of any HSBC credit card at 12pm and 3pm daily will receive a PlayStation®5 Disc Console (Slim) (worth S$799) or S$500 eCapitaVoucher on top of existing promotional offers. Valid till 29 February 2024. T&Cs apply.

HSBC_CC_SSHD_BLOGARTICLE_800x250

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

Receive a Dyson Supersonic™ hair dryer (worth S$699) or Sony WF-1000XM5 Wireless Noise Cancelling Headphones (worth S$429) or Apple iPad 9th 10.2" WiFi 64GB (worth S$508.30) or S$350 eCapitaVoucher or S$300 Cash via PayNow upon activating and spending min. $500 by the end of the following calendar month from the card account opening date. Valid till 29 February 2024. T&Cs apply

For HSBC TravelOne Card: Activate and spend a min. $500 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 29 February 2024. T&Cs apply.

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
citicashbackplus-1

SS_CC_FD_BLOGARTICLE_800x250-1

SingSaver Exclusive Flash Deal⚡: The first 5 applicants of any Citi credit card at 12pm and 3pm daily will receive a PlayStation®5 Disc Console (Slim) (worth S$799) or S$500 eCapitaVoucher on top of existing promotional offers. Valid till 29 February 2024. T&Cs apply.

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

Citi_PM_BLOGARTICLE_800x250

Citi PremierMiles Card and Citi Rewards Card Only: Receive an Apple iPad 9th Gen 10.2 Wifi 64GB (worth S$508.30) or Dyson Supersonic (worth S$699) or Dyson V8 Slim Fluffy (worth S$509) or S$300 Cash via PayNow upon activating and spending a min. of S$500 within 30 days of card approval. Valid till 29 February 2024. T&Cs apply.

CITI_BLOGARTICLE_800x250-2

Other Citi Credit Cards: Receive an Apple iPad 9th Gen 10.2 Wifi 64GB (worth S$508.30) or a Dyson V8 Slim Fluffy (worth S$509) or Nintendo Switch OLED (worth S$549) or S$300 cash via PayNow upon activating and spending a min. of S$500 within 30 days of card approval. Valid till 29 February 2024. T&Cs apply.

1.6% cashback on all spend
 
No min. spend required, no cap
HSBC-Advance-Card-1

SS_CC_FD_BLOGARTICLE_800x250-1

SingSaver Exclusive Flash Deal⚡: The first 5 applicants of any HSBC credit card at 12pm and 3pm daily will receive a PlayStation®5 Disc Console (Slim) (worth S$799) or S$500 eCapitaVoucher on top of existing promotional offers. Valid till 29 February 2024. T&Cs apply.

HSBC_CC_SSHD_BLOGARTICLE_800x250

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

Receive a Dyson Supersonic™ hair dryer (worth S$699) or Sony WF-1000XM5 Wireless Noise Cancelling Headphones (worth S$429) or Apple iPad 9th 10.2" WiFi 64GB (worth S$508.30) or S$350 eCapitaVoucher or S$300 Cash via PayNow upon activating and spending min. $500 by the end of the following calendar month from the card account opening date. Valid till 29 February 2024. T&Cs apply

For HSBC TravelOne Card: Activate and spend a min. $500 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 29 February 2024. T&Cs apply.

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-FRANK-

 

 
8% cashback on foreign currency, online, and mobile contactless spend
 
Extra 2% cashback on select eco-friendly merchants
 

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.


At SingSaver, we make personal finance accessible with easy to understand personal finance reads, tools and money hacks that simplify all of life’s financial decisions for you.

FINANCIAL TIP:

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

Sign up for our newsletter for financial tips, tricks and exclusive information that can be personalised to your preferences!