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Best 0% Interest Credit Cards in Singapore 2024

Discover the top choices for the best 0% interest credit cards in Singapore, providing you with the convenience of interest-free periods on purchases and balance transfers. Offering 0% instalment plans for selected tenures, these cards provide you with the flexibility to split your significant purchases into manageable monthly payments without incurring any interest charges. 

Whether you're looking to purchase electronics, furniture, or other big-ticket items, these 0% instalment plans provide a smart and interest-free way to ease your expenses over a defined period without straining your cash flow.

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8x Apple iPad
(each worth $679)
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8x Dyson AirwrapTM styler
(each worth $849)
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8x Nintendo Switch OLED
(each worth $549)
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8x Playstation®5 consoles
(each worth $799)

 

DBS Altitude Visa Signature Card

DBS Altitude Visa Signature Card

Installment Processing Fee
From 2  %
info
Minimum Spend For Installment
S$ 100
info
Installment Tenure
Up to 24  months
Installment Rate
0  %

2 Offers Available

Welcome Offer
Up to 53,000 miles
Up to 53,000 miles

Valid until

31 May 2024

Welcome Offer
Up to 43,000 miles plus first-year annual fee waiver
Up to 43,000 miles plus first-year annual fee waiver

Valid until

31 May 2024

Things to consider for this product:

check

Bonus air miles

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Airport lounge

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No expiry air miles

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Unlimited air miles

DBS Takashimaya American Express Card

DBS Takashimaya American Express Card

Installment Processing Fee
From 2  %
info
Minimum Spend For Installment
S$ 100
info
Installment Tenure
Up to 24  months
Installment Rate
0  %

Offer Available

Welcome Offer
S$150 cashback
S$150 cashback

Valid until

30 April 2024

Things to consider for this product:

check

Retail rebate

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Retail discount

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Voucher redeemable

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No rebate cap

See All Prizes
 
Frame 1658
8x Apple iPad
(each worth $679)
Frame 1659
8x Dyson AirwrapTM styler
(each worth $849)
Frame 1660
8x Nintendo Switch OLED
(each worth $549)
Frame 1661
8x Playstation®5 consoles
(each worth $799)

 

See All Prizes
 
Frame 1658
8x Apple iPad
(each worth $679)
Frame 1659
8x Dyson AirwrapTM styler
(each worth $849)
Frame 1660
8x Nintendo Switch OLED
(each worth $549)
Frame 1661
8x Playstation®5 consoles
(each worth $799)

 

How does a 0% Interest Credit Card work?

 - Offers an introductory period with 0% interest on specific transactions like purchases or balance transfers.
 - During the promotional period, no interest is charged on the eligible transactions.
The duration of the 0% interest period varies among credit cards and the user’s chosen tenures.
 

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Who should use a credit card with 0% instalment?

Credit cards with 0% instalment plans are ideal for these individuals:

 

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How to best use a credit card with 0% Instalment?

To make the most of a travel credit card and maximise its benefits, consider the following tips:

 

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Here are some of the best credit cards with 0% Instalment for your needs

Best credit cards with 0% interest rates

DBS Live Fresh Card: Provides 0% interest instalment plans over a period of 3 to 24 months for big-ticket purchases, education, insurance, and income tax bills. This card is especially popular among young professionals and frequent online shoppers, as it offers cashback on various online and contactless transactions – especially for selected green merchants.

 

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Best credit cards with zero processing fee

HSBC Revolution Card: Offers 0% processing fee for big-ticket purchases with minimum S$500 spend for fixed repayments over a period of 6 to 24 months. 

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Best credit cards with long tenure

CIMB credit cards: The CIMB Visa Infinite, CIMB Visa Signature, and CIMB World Mastercard offer up to 24 months instalment plans on any merchant, with a minimum spend of S$1,000 per transaction. Meanwhile, any transaction with minimum S$300 spend will be converted into 6- to 12-month tenures. Otherwise, all transactions are capped at S$30,000.

 

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Things to look out for when choosing a credit card with 0% instalment

When choosing a credit card with a 0% instalment plan, consider the following factors to ensure you make an informed decision.

 

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Frequently Asked Questions

What is a credit card instalment plan?

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A credit card instalment plan allows cardholders to convert eligible purchases into fixed monthly payments over a specified period without incurring interest charges during the promotional period. It offers the convenience of budgeting and spreading payments without interest costs until the plan is fully completed.

Are credit card instalment plans worth it?

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Credit card instalment plans can be worth it for significant expenses, as they offer interest savings during the promotional period and provide budgeting benefits with predictable payments. 

However, responsible usage and timely payments are essential to fully benefit from the interest-free feature. Consider your financial situation and the promotional period's duration before opting for an instalment plan.

Why do banks offer 0% Interest Credit Cards?

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Banks offer interest-free credit cards as promotional incentives to attract new customers, increase card usage, and promote balance transfers. These offers provide a competitive advantage, encourage large purchases, and can build customer loyalty. While beneficial for consumers who use the cards responsibly, it's crucial to understand the terms and avoid accumulating unmanageable debt.

What is one disadvantage of 0% Interest Credit Cards for balance transfers?

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One disadvantage of a 0% interest Credit Card used for balance transfers is the potential balance transfer fee, which can offset some of the interest rebates or savings earned back during the promotional period.