Read the latest news about Rewards Credit Card products in Singapore and the best money saving tips.
How do rewards credit cards work?
A rewards credit card gives you points for your credit card spend. These reward points can then be used to redeem a gift from the bank’s rewards catalogue. The most common rewards available are cash vouchers, which can be used at the selected store.
Do all banks use the same rewards system?
No, banks have different rewards systems and different reward points currencies. For example, DBS uses DBS Points while UOB uses UNI$. The value of reward points also differ across banks and not all banks offer the same variety of rewards.
Why get a rewards credit card?
Rewards credit cards provide flexibility and offer a wide variety of reward options. When you have accumulated enough points, you can select the reward you like. Rewards credit cards can also double as a miles or cashback credit card with their conversion options.
What can my rewards points be exchanged for?
Each bank has their own list of items in their rewards catalogue. Items that you can exchange your reward points for include: