Best Premium Credit Cards in Singapore (2021)

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American Express Platinum Card

American Express Platinum Card

Welcome Gift
American Express Platinum Card
Annual fee
0.78Miles Per Dollar
Local Spendingon local spend
1.95Miles Per Dollar
Overseas Spendingon SQ, SilkAir, and Scoot
Welcome Gift:
Earn a welcome bonus of 75,000 Membership Rewards® points when you apply. Valid till 30 Jun 2021. T&Cs apply.

Get a OTO Quantum Advanced Full Body Massage Chair (worth S$3,480) upon payment of annual fee. Valid till 30 Jun 2021. T&Cs apply.

Receive a S$20 Dairy Farm Group voucher when you apply via SingPass MyInfo and make one spend. Valid till 30 Jun 2021. T&Cs apply.

Best Premium Credit Cards In Singapore

Product Name

Miles earn rate (per dollar)

Minimum wage

UOB Lady's Solitaire Card
4Miles Per Dollar
OCBC Voyage Card
1.3Miles Per Dollar
Citi Prestige Card
1.3Miles Per Dollar
HSBC Visa Infinite Credit Card
1.25Miles Per Dollar

Why get a premium credit card?
Exclusive only to high-income earners, premium credit cards offer more rewards for your spending. This could be more miles per dollar (mpd) spent, unlimited lounge access, complimentary hotel stays, limousine transfers and more.

What counts as a premium credit card?
While there is no official term for such cards, premium credit cards are ones offered exclusively to high-income earners. These prestigious credit cards are also expensive to keep in your wallet, with annual fees of over S$400.

Who should get a premium credit card?
Besides earning an annual income of at least S$80,000 to S$120,000, you should also be a frequent traveller. Premium credit cards target those that travel often by offering a higher mpd rate. However, you could also be required to spend a significant amount each month to earn your reward.

Do all banks offer premium credit cards?
Most banks in Singapore have a premium credit card available for high-income earners. You do not have to be an existing customer of the bank to apply for their premium credit card.

Need some help?
No worries, we've got you covered!
What is a premium credit card?

A premium credit card is a prestigious credit card targeted at high income earners. The eligibility criteria of a premium credit card is usually an annual income of S$120,000 or more. It offers luxurious and exclusive privileges and discounts with top dining, hotel and nightlife establishments. Other privileges include bonus miles, airport lounge access, airport limousine transfers and more.

How do premium credit cards work?

Premium credit cards require you to have a minimum annual income that is significantly higher than the usual S$30,000 required for most credit cards. These premium credit cards typically charge a higher annual fee for all the complimentary privileges you receive. Annual fees range from a few hundred dollars to the low thousands of dollars. 

In return for the annual fee, premium credit cards offer exclusive perks such as higher welcome miles bonuses, higher miles per dollar earn rates, special concierge services like airport limousine transfers, expedited immigration clearance, complimentary access to airport lounges and even complimentary hotel room stays.

Is it true that I can apply for any premium credit cards if I meet the minimum income requirement?

For most premium credit cards, meeting the minimum income requirement allows you to apply for the card, although card approval would also depend on other factors such as your credit score. There are also extremely prestigious premium credit cards that are by-invitation only, regardless of your income. Examples include the UOB Reserve, Citi ULTIMA, DBS Insignia Visa Infinite Card and American Express Centurion.

What are the exclusive privileges of a premium credit card?

While your usual credit cards offer privileges such as cashback, miles, vouchers and even free travel insurance, premium credit cards go one step further. These prestigious credit cards offer the most exclusive privileges including free limousine transfers, 24-hour concierge service, hotel room upgrades, priority immigration clearance, as well as unlimited lounge access. However, not all premium credit cards offer the same perks, so it’s best to select one with perks you will utilise the most.

Who should use a premium credit card?

Premium credit cards target a specific segment of society –– frequent travellers. These premium credit cards reward cardholders with more miles per dollar and also offer perks that are catered for travel, making it a more worthwhile option for high spenders whothat travel frequently.

Do all premium credit cards have annual fees?

With exclusive privileges comes a certain cost. Most premium credit cards come with annual fees that can range from S$400 and even up to S$1,712. These annual fees reflect the prestige and exclusivity of the credit card and they have to be paid. However, there are a few select cards that offer an annual fee waiver for the first year (such as the UOB Lady’s Solitaire) or if you have accumulated sufficient credit card spend.

Is it worth paying the annual fee to apply for a premium credit card?

If you are a big spender who values miles, the benefits of a premium credit card might be worth the annual fee. There are also luxuries that are difficult to put a value to and might not be available for ‘purchase’ per se, such as unlimited lounge access, 24-hour concierge and limousine services. It’s important to analyse your spending habits and limitations (if any) to find a card with benefits you find worthwhile to pay for.

What should I look out for when applying for a premium credit card?

Consider features such as: 

  • Minimum annual income requirement 
  • Annual fee 
  • Welcome gift 
  • Miles earn rate 
  • Complimentary perks
Which premium credit card offers the best welcome offers and privileges?

This would depend on your lifestyle and the type of privileges you enjoy. It’s best to look for a card that offers you the privileges that match your preferences, such as lounge access, dining privileges, bonus miles or even a free hotel stay.

Must I meet the minimum income requirement to apply for a premium card?

Premium credit cards require higher than usual maintenance, in the form of annual fees and required spending. The minimum income requirement serves as an important eligibility requirement that the credit card issuer will use to assess your suitability for the premium credit card. This minimum income requirement typically ranges from S$120,000 to S$200,000 per year.

Why should I apply for a premium credit card with SingSaver (and not through the bank)?

Financial comparison sites like SingSaver help you with impartial comparisons between the different products, and highlight unique selling points of each of them. That way, it’s easier for you to decide which cards best suit your needs. We also tie up with banks to reward our users with exclusive promotions and bonus incentives upon the sign-up of a new credit card.

What is an instant / digital credit card and how do I get it?

In a bid to go all digital, some banks offer digital credit cards that could be used instantly upon approval. As these cards are digital, you no longer have to wait 1 to 2 weeks for the physical card to arrive in your mail to make a transaction. 

When applying for such digital cards, follow the bank’s instructions on where you can find your digital card (with the credit card number) once it is approved.

Confused about credit card terms?

Glossary terms to know for first-time credit card users


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