Money Mantra 2: Pick a Credit Card Based on Your Expenditures

|Posted by | Credit Cards

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On the next episode of SingSaver.com.sg’s podcast series, Money Mantras, we talk to Stuart Glendinning on picking the right credit card for your type of spending.

What is Money Mantra about?

Money Mantra was created as a series of bite-size money saving tips that you can repeat to yourself on a daily basis to help your personal finances positively grow. Check out our very first podcast on never paying interest on a credit card.

The Money Mantra podcast goes a lot more in-depth into each mantra, with each episode running about 15 minutes long and Managing Director Rohith Murthy taking you through:

  • Complex financial topics by simplifying them
  • Savvy saving tips in Singapore
  • How to use financial products the right way

About Stuart Glendinning

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Before Stuart Glendinning joined the CompareAsiaGroup team as Head of Channels, he was the Managing Director, Money Channels of what is now the largest comparison website in the United Kingdom, MoneySuperMarket.com. Prior to this, he spent 15 years in the banking industry.

Money Mantra 2: Pick a Credit Card Based on Your Expenditures

In this episode, we have SingSaver.com.sg’s Managing Director, Rohith Murthy, discussing the best credit cards for different types of spending with money expert, Stuart Glendinning. Here are some issues they covered:

  • Why you should choose a credit card for your type of spending and lifestyle
  • How to pick the best credit card for you based on the benefits you’ll get
  • What’s the difference between air miles, cashback and rewards credit cards?
  • Always pay your credit card bills in full and on time or the interest will dwarf the benefits you get

Listen to it on iTunes

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“It’s important to identify the credit card that is going to fit your lifestyle.”

If you’re a frequent flyer or love travelling:

Air Miles Credit Card

UOB PRVI Miles Credit Card OCBC Titanium Credit Card Citi PremierMiles Visa Card
Miles for Local Spend 1.4 per S$1 1 per S$1 1.2 per S$1
Miles for Overseas Spend 2.4 per S$1 2 per S$1 2 per S$1
Annual Income Requirement S$80,000 S$30,000 S$50,000
Fee Waiver 1 year 2 years 1 year

*Always read and understand the terms and conditions before applying.

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“There are lots of details in the conditions [of these credit cards]… It might come to a point where it’s better to use another card. Make the decision based on what’s most appropriate for you.”

If you spend most of your money on essentials:

Cashback Credit Card

Citibank Cash Back Card American Express True Cashback Card UOB One Card
Cashback 8% (groceries, dining, petrol if total month’s statement is S$888 and above) 3% (any spend for first 6 months up to S$5,000 spend) 5% (if total month’s statement is S$2,000 for 3 consecutive months)
Cashback Cap S$25 per month S$150 in first 6 months S$300 per quarter
Standard Cashback 0.25% (for all other spend) 1.5% (after first 6 months or spend above S$5,000 during first 6 months) 3.33% (for spend between S$500 to S$1,999 consecutively for 3 months)
Annual Income Requirement S$30,000 S$30,000 S$30,000

*Always read and understand the terms and conditions before applying.

Read This Next:

11 Silly Misconceptions People Without Credit Cards Believe
9 Best Cashback Credit Cards for Supermarkets in Singapore


Rohith Murthy


By Rohith Murthy
Rohith leads Singapore’s SingSaver.com.sg, a financial comparison site aimed at helping consumers in Singapore save money and time by finding the right financial products.