Best Starter Credit Cards for No Credit of March 2025

Verify details on the issuer's website before applying.

You don't necessarily need a credit history to get a credit card in Singapore. However, you'll generally need to meet certain eligibility criteria, such as:

• A valid NRIC or FIN

• A bank account in Singapore.

Income requirements can vary depending on the type of card and the issuer.

For most unsecured credit cards, the minimum annual income requirement is typically S$30,000. However, some cards may have lower income requirements, especially for secured cards or student credit cards.

If you're a student or have a lower income, you might still be eligible for a credit card. Some banks offer student credit cards specifically designed for those with limited or no credit history. These cards may have lower income requirements or no income requirements at all.

When applying for a credit card, you'll typically need to provide the following documents:

• NRIC or FIN

• Proof of income: Either as a recent payslip or income tax statement.

• Bank statements: Some banks may require recent bank statements to verify your financial situation.

• CPF statement

Depending on the type of card and the issuer, there may be other requirements, such as your age and employment status.

• Age: You must be at least 21 years old to apply for a credit card on your own. If you're under 21, you may need a guarantor (co-signer) who is 21 or older.

• Employment status: Some cards may require you to be employed or have a regular source of income.

» Read more: 3 valuable tips for first-time credit card owners

A credit card can be a valuable tool for building your credit history in Singapore, even if you're starting with no credit. When you use a credit card responsibly, your payment history is reported to the Credit Bureau of Singapore (CBS). This information is then used to calculate your credit score, which lenders use to assess your creditworthiness.

By making on-time payments, keeping your credit utilisation low, and maintaining a healthy credit history, you can establish a positive credit score. This can make it easier to get approved for loans, credit cards, and other financial products in the future. You can track your CBS credit score and credit report through various platforms and credit bureaus.

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As a first-time credit card user in Singapore, it's important to choose a card that suits your needs and helps you build healthy credit habits to keep your credit history clean. Here are some key factors to consider:

• No annual fee: Opt for a card with no annual fee, especially as a fresh graduate, to minimise costs and maximise rewards.

• Rewards and benefits: Look for cards with rewards programs that align with your spending habits, such as cashback, reward points, or air miles. Consider how easy it is to earn and redeem these rewards.

• Low or no minimum spending requirement: Choose a card with a low or no minimum spending requirement to make earning rewards more accessible.

• Fees and charges: Pay attention to fees like annual fees, late payment fees, and overseas charges and transaction fees.

• Credit limit: A higher credit limit can be helpful, but it's important to use it responsibly and avoid overspending.

• Acceptance: Choose a card with wide acceptance, such as those on the VISA or Mastercard network, for greater flexibility.

» Read more: How to maximise your credit score in Singapore

A starter credit card can be your stepping stone to building a strong credit history and accessing greater financial opportunities in Singapore. Here's how to make the most of it:

• Pay on time and in full: Always pay your credit card bills on time and in full to avoid interest charges and late payment fees. This is crucial for building a positive credit history and improving your credit score.

• Keep your credit utilisation low: Aim to use less than 30% of your available credit limit. This demonstrates responsible credit management and can positively impact your credit score.

• Monitor your spending: Track your expenses when using your credit card to stay within your budget and avoid overspending.

• Check your credit report regularly: Review your credit report for any errors or discrepancies. You can access your credit report from the Credit Bureau of Singapore (CBS).

• Build healthy credit habits: Use your starter credit card responsibly and consistently to establish good credit habits that will benefit you in the long run.

By following these tips, you can maximise the benefits of your starter credit card, build a solid credit foundation, and pave the way for a healthy financial future in Singapore.