Read the latest news about Best Deals Credit Card products in Singapore and the best money saving tips.
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 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.
Cashback credit cards offer cash rebates on spends using the card
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.
Rewards credit cards offer users rewards in the form of points and miles that can be redeemed for a variety of things.
There are credit cards that offer travel-related benefits such as Miles Per Dollar earned for local or overseas spending and complimentary lounge access.
Certain credit cards provide benefits such as access to discounts and promotions for petrol-related spend.
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.
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.
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 more about the best credit cards from banks in Singapore such as DBS, CIMB, Standard Chartered, UOB, HSBC, CITI and more.
Read reviews on credit cards here and find out if it is the best one for you before you apply for one.
Read reviews and compare between different credit card products to find out the most suitable credit card for you.
Find the best credit card promotions to enjoy sign-up bonuses and more.
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:
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:
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.