Best Deals Credit Cards in Singapore (2022)
Best Deals Credit Cards in Singapore (2022)
Product Name | Cashback rate | Minimum wage |
|---|---|---|
OCBC Frank Card | 6 % | S$ 30,000 |
UOB One Card | 5 % | S$ 30,000 |
HSBC Visa Platinum Credit Card | 5 % | S$ 30,000 |
HSBC Advance Credit Card | 3.5 % | S$ 30,000 |
Citi Cash Back+ Card | 1.6 % | S$ 30,000 |
Latest Best Deals Credit Card News
Read the latest news about Best Deals Credit Card products in Singapore and the best money saving tips.
Complete Guide To Credit Cards
Whether you’re applying for your first credit card or looking to apply for another better one, you can find all the useful information and resources here. You can read about credit card reviews and comparisons, basic information on how credit cards work and also the latest promotions and offers.
Find The Best Types of Credit Card For You:
Find out which is the best type of credit card for you. There are a variety of credit cards such as Cashback Credit Cards, Air Miles Credit Cards, Rewards Credit Cards each having its own features and benefits. Below is a list of articles to help you find the most suitable type of credit card for you, be it credit cards for petrol payments, bill payments, groceries, cashback and more.
Best Cash Back Credit Cards
Cashback credit cards offer cash rebates on spends using the card
Best Air Miles Credit Cards
Air Miles credit cards offer users exceptional miles per dollar (MPD) on travel, overseas or local spend. Miles then can be redeemed for a variety of things.
Best Rewards Credit Cards
Rewards credit cards offer users rewards in the form of points and miles that can be redeemed for a variety of things.
Best Credit Cards for Overseas & Travel Spending
There are credit cards that offer travel-related benefits such as Miles Per Dollar earned for local or overseas spending and complimentary lounge access.
- Which Credit Card Is The Best For Travelling Post-Covid
- Best Miles Credit Card For Earning Krisflyer Miles
- The Best Credit Cards With Free Airport Lounge Access
Best Credit Cards for Petrol Saving
Certain credit cards provide benefits such as access to discounts and promotions for petrol-related spend.
Best Credit Cards for Shopping/Grocery Shopping
The best credit cards for shopping and groceries lets cardholders enjoy access to discounts and promotions for additional value and savings on their credit card spend.
Best Credit Cards for Bills & Loans Payments
Credit cards for bills & loan payments offer features to help cardmembers enjoy greater savings and value with access to promotions and discounts for their credit card spends for bill settlements.
- Pay Your Bills And Utilities With These Credit Cards
- The Best Credit Cards For Paying Your Electricity Bills
- Find The Best Credit Card For Your Education Expenses
- Read More About The Best Credit Cards For Big Purchases
- Find Out More About The Best Credit Cards For Online Subscriptions
- Best Credit Card For Wedding Expenses
- Learn More About The Best Credit Cards For Paying Medical Bills
- The Best Credit Card For Paying Your Grab Rides
Find The Best For The Other Types of Credit Card
- Find The Best Credit Cards For Students In Singapore
- Learn More About The Best Credit Cards For Young Adults In Singapore
- Find Out If You're Eligible For The Most Exclusive Credit Cards In Singapore And Its Features & Benefits
- Read More About The Best Credit Cards For Low-Income Earners
- Find Out More About The Best Credit Card For High-Income Earners
- Find The Best Credit Cards And Digital Cards With Instant Approval
- Beat Inflation With The Best Credit Cards To Help With Rising Costs
- Find The Best Supplementary Credit Cards
- Read More About Credit Cards With Lifetime Annual Fee Waiver
- The Best Credit Card For Foreigners
- Look For The Best Credit Card For Couples
Beginners’ Guide On Credit Cards: How To Use And How It All Works
Here’s everything you need to know about all things credit cards from how credit cards work, how to apply for a credit card, other things you need to take note of and everything in between.
- Find Out Why Was Your Credit Card Declined
- Debit Cards Vs Credit Cards: Find Out The Difference
- Find Out When You Should Upgrade Your Debit Card To A Credit Cards
- Guide On How To Get Annual Fee Waiver For Your Credit Cars
- How To Cancel Credit Cards?
- Find Out Which Is Better: Cashback vs Miles vs Rewards Credit Cards
- Find Out How Many Credit Cards Is Too Many
- Find Out How Many Credit Cards Should You Own
- What To Do If You Can't Pay Your Credit Card Bill?
- How To Pay Off Your Credit Card Debts?
- How To Do A Credit Card Chargeback To Reverse Unauthorised Transactions?
- Can You Get A Credit Card With Low Or No Income?
- Credit Card Interest Rates: How To Calculate Credit Card Annual Percentage Rate (APR)?
- What Are The Credit Card Benefits You Didn't Know You Had?
- What Are The Legal Loan Limits In Singapore
- Find Out More About Virtual Credit Cards
Find The Best Banks And Credit Card Providers
Find out more about the best credit cards from banks in Singapore such as DBS, CIMB, Standard Chartered, UOB, HSBC, CITI and more.
- The Best CIMB Credit Cards
- The Best DBS Credit Cards
- The Best Standard Chartered Credit Cards
- The Best UOB Credit Cards
- The Best HSBC Credit Cards
- The Best Bank of China Credit Cards
- The Best Maybank Credit Cards
- The Best Citibank Credit Cards
Read Credit Card Reviews
Read reviews on credit cards here and find out if it is the best one for you before you apply for one.
- Read The Instarem Amaze Card Review
- Read The Standard Chartered Smart Credit Card Review
- Read The OCBC Frank Credit Card Review
- Read The Standard Chartered Unlimited Cashback Card Review
- Read The Krisflyer UOB Credit Card Review
- Read The UOB PRVI Miles Credit Card Review
- Read The OCBC 365 Credit Card Review
Credit Card Comparison & Reviews
Read reviews and compare between different credit card products to find out the most suitable credit card for you.
- Compare GrabPay Mastercard vs Credit Cards & Debit Cards
- Compare UOB Absolute Credit Card vs Citi Cashback Plus Credit Card vs Standard Chartered Unlimited Credit Card
- Compare DBS Altitude Credit Card vs Citi PremierMiles Credit Card vs OCBC 90N Credit Card
- Compare POSB Everyday Credit Card vs Citi Cash Back Credit Card vs OCBC 365 Credit Card
- Compare DBS Live Fresh Credit Card vs UOB EVOL Credit Card vs OCBC Frank Credit Card
- Compare UOB One Credit Card vs HSBC Visa Signature Credit Card vs Citi Cash Back Credit Card
- Compare Citi Rewards Credit Cards vs OCBC Titanium Credit Card vs HSBC Revolution Credit Card
- Compare Amex True Cashback Credit Card vs Citi Cash Back Plus Credit Card vs Standard Chartered Unlimited Cashback Credit Card
- Compare Mastercard vs Visa vs American Express Credit Cards
- Compare Metal Credit Cards vs Plastic Credit Cards
Find The Best Credit Card Promotions, Offers And Deals
Find the best credit card promotions to enjoy sign-up bonuses and more.
- Find The Best Standard chartered Credit Card Promotions
- Find The Best Citibank Credit Card Promotions
- Find The Best OCBC Credit Card Promotions
- Find The Best DBS Credit Card Deals
- Find The Best Red Mart Credit Card Promotions
Find The Best Lazada Credit Card Promotions
How do credit cards work?
Credit cards allow you to spend on your purchases today and make payment in the future when it’s time to settle your monthly bill. If you miss the monthly payment, you will be charged a hefty interest rate of around 25% p.a.
What types of credit cards are there in Singapore?
Each credit card has its own unique offering. They can be categorised into 3 main types.- Miles credit card: Rewards you with miles for every dollar spent.
- Cashback credit card: Rewards you with cash credited into your card to offset future spending.
- Rewards credit card: Allows flexibility to choose the gift of your choice when you redeem your accumulated points.
Which type of credit card should I choose?
This depends on your spending habits and personal preferences. A travel lover might opt for a miles card, while others might prefer to be rewarded directly with cash. If you spend more on a specific category such as grocery, dining or shopping, you can select a card that maximises rewards for that category.
What credit card promotions are there?
Credit card promotions and sign up gifts change frequently. Most promotions are eligible for new-to-bank credit card holders, while sign up gifts for existing customers tend to be lower in value. They include: cash, cashback, vouchers, bonus airmiles, physical gifts (e.g. Apple AirPods, luggages) etc.
(Tip: Bookmark this page and stay updated on the best credit card deals!)
You can apply for a credit card online or using physical forms available at banks. Fill up the personal details required, submit the relevant documents (such as your NRIC and payslip or latest CPF statements), and wait for the application to be approved.
Most banks also offer the option of applying via MyInfo using SingPass. Applying via MyInfo speeds up the application process as most of the information required would have been filled in for you. Sometimes, there are promos where you get rewarded cash gifts by applying with MyInfo.
You must be at least 21 years old to apply for a credit card. Some banks allow student credit cards to be issued to those aged 18. The minimum age for a supplementary card holder is also 18 years old. Besides being 21 years old, you also have to meet other application requirements such as the minimum annual income requirement.
You can start by choosing the type of credit card you prefer to have: miles, cashback or rewards.
From there, you can narrow down your selection based on factors such as:
- What you can earn by spending on the credit card
- Categories that earn more rewards (e.g. groceries, dining, online shopping, etc.)
- What complimentary benefits the card offers
- Minimum annual income required
- Annual fee waiver
A credit card can help ease cashflow as you’re spending ‘future money’.. You won’t be incurring the actual cost out of your own pocket presently, until the credit card bill comes along.
Besides being able to spend before you receive your pay, credit cards also reward you for your spending. For example, spending on a credit card can earn you cashback, air miles and reward points which can be exchanged for a variety of items. Credit cards also come along with fringe perks such as free airport lounge, discounts on dining and petrol, free travel insurance and more.
Visa, Mastercard and American Express are different credit card payment networks. Most credit card providers offer one or two of the card networks for their credit cards. For example, for DBS Altitude, you can get either the DBS Altitude Visa Signature or DBS Altitude American Express. UOB PRVI on the other hand, offers all three options — UOB PRVI Miles Visa UOB PRVI Miles Mastercard and UOB PRVI Miles American Express.
From a user standpoint, the payment does not differ, although there are a handful of places that might not accept American Express cards. The perks offered by these card providers do make a difference, in terms of dining promotions, airport transfers, lounge access, hotel benefits and more.
Before getting a credit card, consider the following:
- Do I meet the requirements to get a credit card?
- What is the annual fee and can it be waived?
- Will I be able to hit the minimum monthly spend required (if any)?
- Do I have the discipline to pay off my credit card bills?
The easiest credit cards to get are the ones with an entry-level annual income requirement of S$30,000 or those that offer instant approval. Credit card providers with instant approval can provide a digital credit card that you can start using even before your physical card arrives in the mail. Credit cards that are more difficult to get include the ones with higher annual income requirements that can range from S$80,000 to S$200,000. Not everyone will be able to apply for these cards.
Do also keep in mind that how easy or difficult a credit card is to get also depends on other factors such as your credit score and having continuous employment that is reflected by your CPF statement. A good credit score and having the relevant supporting documents in order can help to get your application approved.
Confused about credit card terms?
Glossary terms to know for first-time credit card users