SingSaver.com.sg’s comparison tool helped me decide on an air miles card in 10 minutes.” ”, “ “I used to be scared of credit cards, but SingSaver.com.sg made me realise that I don’t have to worry about debt if I pay my bill on time each month. Here are some options for finding the best first credit card. Personalised, bite-sized reads, money hacks and product recommendations. The best rewards credit card depends on your preferences for points, miles or cash back and your credit card strategy. NerdWallet’s credit card finder tool helps you pick the best credit card for your needs. Sign up by 31 Dec 2020 P2W3D ON TODAY. This is because you’ll want to maximize the rewards you’ll earn, be able to use those rewards to realize your goals, and of course, be able to pay off your balance in full each month. The best first rewards credit card to start with is the one that matches your spending habits, travel and lifestyle goals, and your financial situation. See our top picks of 2020 and find the right credit card for your favorite airlines. It offers a generous cash-back rewards rate that is nearly unheard of in a secured card. Limited time offer: Get our highest cash gift amounting to $350 when you apply and spend on your Citibank credit cards! Best first-time credit cards Chase Freedom Unlimited: Best for future value. And third, no minimum spend is required per month — gone are the days having to worry if you’ve met the minimum spend per month on your card. Let’s assume you charge an average of $1,000 per month to your credit card. Here are the 5 most popular credit cards in Singapore, based on our data: 1. Find the best online brokerage firm that suits your needs and start investing today. Senior business executives who travel often for work or leisure may want to check this out. Points credit cards, on the other hand, are more flexible as they can be used to either get cash rebates on specific merchants or convert points into miles to redeem free flight tickets. Credit Cards 11 Things Working Adults In Singapore Should Know Before Applying For Their First Credit Card Don’t sign up for a credit card until you understand how they really work. What are the things you spend the most money on? 6 reviews ➔ Apply Now. Compare the top cash back, rewards, petrol, shopping, grocery or air miles credit cards and learn about credit card promotions and more. Capital One also has cards like the Capital One Venture Rewards Credit Card that earn points that can be transferred to specific travel partners. You can earn up to 10 miles for every S$1 spent on online travel booking expenses and your points never expire, so you can accumulate them to redeem for even more holidays. The best cashback credit cards in Singapore help you save money on your daily spending in a convenient and easy way. Based on an average monthly spend of S$2,000, we analysed the best credit cards for overseas expenditures on the market, calculating the total value they generate for their users after 2 years, summing up all rewards and netting out annual fees. Opening your first credit card is an important step towards financial independence in a young adult's life. Look no further than below for Best Credit Card Promotions & Bonuses here! Tourism is a massive contributor to the economy of Singapore. The vast majority of credit cards fall somewhere in the middle of these two extremes, and $192.60 is a typical fee. The best first credit card to get will be the one to start building your credit history. Disclaimer: At MoneySmart, we aim to provide accurate, objective and up-to-date information. Valid until 27 Dec 2020 - See more details below, Valid until 28 Dec 2020 - See more details below, Valid until 10 Jan 2021 - See more details below, Valid until 31 Dec 2020 - See more details below, Savings on dining, grocery and grab spendings, Convenience and perks for frequent flyers, Unlimited cashback with Ez-link capabilities, Highest cashback on any contactless payment, Find a card that fits your spending habits, Plan how to use your credit card benefits. Bonus miles capped at $80 transit spend per month till June 2020. You can Here’s why: You don’t necessarily need an … Some content may be compensated through third-party advertisers. Credit cards, are no doubt, one of the basic financial tools we all need to get through the tough times. 3 Qualities Shared By the Best First Credit Cards. Find out all you can about terms and conditions like expiry dates, exclusions, minimum spend, credit limit, etc. Some credit cards allow you to withdraw cash from ATMs, using your credit line. When comparing credit card deals, it’s important to consider your financial situation and how you intend to use a card in order to help you find the best no annual fee credit card for you. With no annual fees for life, the best cashback cards in Singapore gives you access to over 1,000 regional deals and discounts, privileges like complimentary green fees and more! Disclaimer: At MoneySmart.sg, we strive to keep our information accurate and up to date. Best Credit Cards for Building Credit of December 2020Bank of America® Cash Rewards Credit Card for Students: Best feature: Cash back for students. Capital One Platinum Credit Card: Best feature: No annual fee. Compare all available credit cards in Singapore based on what you can get out of your spending, be it cash back, rewards, petrol, grocery, shopping, buffet, air miles or no annual fee. Below is a visual representation of the approximate savings one can earn by using the best shopping credit cards in Singapore. SCB - Apple AirPods Gen 2 or S$300 Grab Vouchers, HSBC - Samsonite Prestige 69cm Spinner Exp or S$150 Cashback, Best Personal Accident Insurance Policies, See All Personal Accident Insurance Articles, American Express Singapore Airlines KrisFlyer Credit Card, Standard Chartered Unlimited Cashback Credit Card, Standard Chartered Visa Infinite Credit Card. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first. For example, if you’re a real foodie and love checking out new restaurants around town, then it makes sense to get a card with rewards points for dining out and useful perks like 1-for-1 buffet promotions. Compare and find your ideal card with MoneySmart’s easy-to-use credit card comparison tool. That’s not bad for a first credit card, especially considering there are no fees whatsoever. SingSaver exclusive promotion: Receive a set of Sony WF-1000XM3 Wireless Noise Cancelling Headphones (worth $349) or $300 cash via PayNow when you make a qualifying spend within 30 days of card approval. Find the best credit cards in Singapore. Here are three of the best credit cards that you can use to book an award trip to Singapore: Chase Sapphire Preferred The Chase Sapphire … It is at least double the price (if you consider it along with the joining fee) of the next most expensive one available. Different credit cards will suit different spending, lifestyle profiles and reward preferences. Welcome Bonus: 5,000 KrisFlyer miles the very first time you charge to your Card (for first-time American Express Singapore Airlines Credit Card applicants only). On a good day, Singapore’s Suites might be the best first class soft product in the world. If you use a basic air miles credit card such as the American Express Singapore Airlines KrisFlyer Credit Card, which gives you 1.1 Miles for every $1 spent, you would earn a total of 26,400 miles over a 2-year period. The minimum annual income required for one to qualify for this card is S$150,000. Additionally, we will provide you with a Future Cruise Credit for the value of one day’s worth of … “ “I’ve always thought about getting a travel credit card, but I didn’t know which one to get. Receive $80 cash via PayNow for new customers when you spend $500 within the first month of card … Best . BEST Online Offer! All rights reserved. Second, there’s no cashback cap per month. Earn up to 80,000 points. Additionally, this site may be compensated through third party advertisers. On a good day, Singapore’s Suites might be the best first class soft product in the world. Get your full, exclusive copy of The Ultimate Savings Guide for COVID-19 and Beyond, including tips on reducing unnecessary expenses, creating additional income streams and more! Citi Cashback Credit Card. Details: Best first credit cards—no security deposit. Sign-Up Bonus: The ANZ Travel Visa Signature Credit Card … The Centurion Card is by far the most exclusive among the credit cards available in Singapore. Cashback credit cards offer perhaps the most straightforward type of reward for consumers. Cash Back 1.5% Cash Back Cap Unlimited Min. When it comes to your credit scores, the average length of your credit history matters. I found and applied for a cashback card easily on their website. This means they handle all the technical back-end stuff that makes it possible to pay with your credit card anywhere in the world. Already signed up? The best choice is likely to be a credit builder credit card , as these are designed for people with a poor or limited credit history. Long considered one of the best experiences in flying, traveling in Singapore Airlines’ first class is a luxury you won’t want to miss. Spend S$0. ... 11 Things to Know Before Getting Your First Credit Card. Sign in now to claim your free savings guide. Be prepared to fork out up to 6% of the transaction amount, plus 2%+ daily charges on unpaid withdrawn balance. Charged when you move a balance from one card to another, usually 2% to 4% of the amount transferred. With so many credit cards in Singapore to choose from, it can be difficult to narrow down the best credit cards to suit your lifestyle. Both payment networks are easy and secure to use. It allows users to make purchases without having to pay with cash and withdraw money from ATM machines. Chase Sapphire Preferred® Card. Airline Bonus: Get 25% points back after you use points for all or part of an eligible flight booked … Valid till 31 Dec 2020. Limited credit can limit your options. A secured credit card is often your best option when getting your first credit card, and this is a good one. We’ve compiled the best credit cards in Malaysia for 2019. $1 = 3 miles on online spend. Enjoy a complimentary 2 night stay at selected Banyan Tree and Mandarin Oriental hotels, with a further 1 night free stay at the W Singapore or St Regis Singapore. So if you’re a cashback credit card fanatic, you might wanna bookmark this article for future reference. At The Balance, we name the best credit cards based on the features we think are the most valuable for different sets of needs. Now that you’ve got a shortlist of credit cards, it’s time to dig deeper into the details of the rewards or air miles programmes. With CIMB Credit Cards, enjoy a high cashback of up to 10%! Or accumulate points for shopping vouchers? T&Cs apply. This card gives you the most number of elite status in loyalty programmes. Visa and Mastercard are extremely widely accepted worldwide, both online and offline. The best starter credit cards all share similar qualities. Weigh hundreds of credit card options at once. Which are the most popular credit cards in Singapore? Citi PremierMiles Visa Credit Card is a great travel card to start with. Takes less than 10mins to apply online with MyInfo. All financial products and services are presented without warranty. However, the results of our comparison tools which are not marked as sponsored are based on objective analysis. Annual Fee … Looking for the best credit cards in Singapore? In addition, you can earn: • 5% cash back on grocery store purchases (not including Target or Walmart purchases) on up to $12,000 spent in the first year. Love it.”, Maybank Horizon Visa Signature Credit Card, Standard Chartered Unlimited Cashback Card, Allianz Global Assistance Travel Insurance, American Express Singapore Airlines KrisFlyer Credit Card, instant digital credit card approval and issuance, highest cashback rates for groceries, dining, Grab and petrol, Top 6 Air Miles Credit Cards in Singapore, Why Citi PremierMiles Visa May Be the Most Useful Miles Card in Singapore, 6 Credit Cards That Give Free Access To Airport Lounges, The Best Miles Cards… May Be Rewards Cards, Low earn rate of $1 = 1.1 miles on local spend, $1 = 3.1 miles on Grab rides and select coffee, fast food, food delivery, pharmacy, and entertainment merchants, 8% cash back on Groceries & Petrol daily, worldwide, 6% cashback on Dining at restaurants, cafes, fast food eateries, caterers daily, worldwide, Fuel savings of up to 20.88% at Esso & Shell, Up to $1,000,000 coverage when you charge your travel tickets to the card, Low minimum spend of $800 per month required to earn cashback. Capital One Platinum does not require a security deposit. It’s definitely a great fuss-free cashback credit card for all-rounded spending. It comes with an annual income requirement of $120,000 and a hefty $650 annual fee. If you already have a Standard Chartered credit card, you’ll be rewarded with $30 cash via PayNow when you sign up. Find the best airline card and start earning miles today. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. 10,800 miles if you spend a minimum of S$3,000 in the first 3 months. Avoid paring Miles credit cards with Cashback credit cards since these reward types are incompatible. The UOB PRVI Miles Card is recognised to be one of the best air miles cards in Singapore, thanks to its generous earn rate of 1.4 miles per dollar (local) and 2.4 miles per dollar (overseas). First, almost all spend qualifies you for 1.5% cashback. Here’s how: At some point in your life, you’ll probably wonder if there’s a difference between a Visa card and Mastercard (and maybe American Express). © 2009-2020 MoneySmart. On a lunch or dinner flight departing Singapore their catering is typically excellent, and they sometimes have caviar, satay, etc. Read these next: Top 6 Air Miles Credit Cards in SingaporeWhy Citi PremierMiles Visa May Be the Most Useful Miles Card in Singapore6 Credit Cards That Give Free Access To Airport LoungesThe Best Miles Cards… May Be Rewards CardsBest Women’s Credit Cards in Singapore. Back to top What should I consider before If you’ve never had a credit card or loan before, a secured credit card offers your best chance of approval. The best rewards credit cards for signup bonuses and category spend bonuses with spending requirements, points/miles worth, and full review. Depending on what you value and what you spend each month, you can save thousands of dollars in cashback or air miles each year simply by choosing the right credit card. If a bank credit card interests you, two of the best credit card rewards programs are American Express and Chase, because their points can be transferred to a wide variety of partners. “I used to be scared of credit cards, but SingSaver.com.sg made me realise that I don’t have to worry about debt if I pay my bill on time each month. Best Credit Card Sign-up Free Gift; Best Singapore Deposit Rates; Calendar; Credit Cards, Prepaid Cards, Banks all; ongoing ; started today ; ends today ; starts tomorrow ; upcoming ; YouTrip: Sign up & get up to $8 cashback on 21 brands, plus a chance to win $100! A credit card is a form of unsecured credit issued by banks. Whether you’re looking for travel rewards, cash back on everyday purchases, a way to build credit, or a better way to pay down costly debt, we’ve done the research and crunched numbers to find the very best option for you. If you have no credit or very limited credit, you’ll need to read up on building credit for the first time. Do you want to collect air miles and fund your upcoming travels? Standard Chartered Visa Infinite Card; This is one of the cards that require a higher income level in Singapore. What’s also surprising is that the annual income requirement is only $30,000 so it’s a great entry-level card to really start racking up miles. It comes with a first-year annual fee waiver and unlike other cards, there are no messy conversion fees to transfer miles to your KrisFlyer frequent flyer program. Thinking about Investing during the Circuit Breaker to grow your money? Receive up to 8,800 KrisFlyer bonus miles and a 24″ Acer Monitor (worth S$349) within the first 3 months of membership: The Citi Cash Back Visa Card offers one of the highest cashback rates for groceries, dining, Grab and petrol compared to other cards on the market. Your personal and financial data stays safe through 2-factor authentication. Earn unlimited 1.5% cash back on all purchases. Unfortunately, there’s no single best credit card in Singapore. Spend $20,000 in the first 6 months and get a total of 100,000 points (62,500 miles). Pick your Citibank card here! The Points Guy, Brian Kelly, answers a reader question about the best rewards credit card strategy for flying Singapore Airlines First Class. The best credit card is the one that compliments your spending habits and allows you to maximise the cashback you can earn. Best Business Credit Cards American Express® Business Gold Card: Best Business Credit Card For Membership Rewards The Business Platinum Card® from American Express: Best … Here are the 5 most popular credit cards in Singapore, based on our data: The Standard Chartered Unlimited Cashback Card is a no-brainer when it comes to calculating your cashback per month. When comparing the best credit cards for rewards, it is often a good choice to combine multiple credit cards each specializing in a particular spending type or card feature that best suits your lifestyle. Here are some of the cards that are best suited for high-income earners. The UOB PRVI Miles Card is recognised to be one of the best air miles cards in Singapore, thanks to its generous earn rate of 1.4 miles per dollar (local) and 2.4 miles per dollar (overseas). Credit Cards for Building Credit of December 2020Bank of America® Cash Rewards Credit Card for Students: Best feature: Cash back for students. Don’t focus on travel rewards or cash back rates, these will come later. Comparing Best Credit Card in Singapore (updated 2019) Compare and select the best credit card that most suitable for your daily usage. Save S$187 Extra Discount LG UHD SMART TV 43UN7300PTC S$762.00 S$949.00 Save S$700 Extra Discount SHARP SOUND BAR HT-SBW460 … Use of this site constitutes acceptance of our. Secured Mastercard® from Capital One: Best feature: Potential access to a higher credit … Apply through us too and receive exclusive welcome gifts – on top of the bank’s own sign-up bonuses! Promotion is valid till 10 January 2021, T&Cs apply. Looking for a credit card that best suits your spending style? To be eligible for this promotion, you’ll have to be a new Standard Chartered Bank cardholder and activate your new card within the first 30 days of card approval. You’re in luck! Standard Chartered Unlimited Credit Card: A great fuss-free cashback credit … SingSaver Promotion: Receive a Garmin Venu Sq Watch (worth $299) or a set of Apple AirPods with Charging Case (worth $239), when you apply for the Standard Chartered Unlimited or Standard Chartered Rewards+ credit card! Be sure to ask a bank rep to clarify if you don’t see answers anywhere. Best credit card for: Dining If you dine out a lot – whether at local or overseas restaurants, the OCBC 365 Card’s cashback promos for dining are best for you. OCBC Titanium Rewards Card is the best shopping card on the market, for expats and native Singaporeans alike–in fact, no shopping card is more comprehensive and versatile. Simply charge your spend to a cashback card, and you automatically […]The post Best Cashback Credit Cards In Singapore 2020 appeared first on SingSaver Blog - We Compare, You Save. The Chase Freedom Unlimited® Card offers a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. Whether you are looking for a card that will reward you of dining, travel, air miles and petrol rebates, it is best to check all available options and make sure that your choice will match your needs and lifestyle. It really depends on your lifestyle and spending habits. Plus The Ultimate Savings Guide for COVID-19 and Beyond, for free! Compare credit cards and apply for credit cards online! Spend Bonus: Receive a Bang & Olufsen Beoplay E8 2.0 (worth up to S$399) when you spend S$5,000 in the first 3 months of Card Membership. We offer the pros and cons of the top cards and how to pick the best rewards credit card for you. Earn an additional 30,000 points after you spend $10,000 on purchases in the first … Cardholders earn 10 points (4 miles) per S$1 spend on fashion, electronics, and retail with select merchants like Amazon, Lazada, Qoo10 and many more. You’ll have to choose the best one for you. The best airline credit cards can net you free flights, priority boarding, free checked bags, and bonus miles. Deciding between the AMEX Blue and the AMEX Ascend? $1 = 4.4. miles on local bus and train rides via mobile contactless. ANZ Travel Visa Signature Credit Card. In addition to being open to applicants with limited credit profiles, they also offer: 1. S$349*) if you are new to American Express. Long considered one of the best experiences in flying, traveling in Singapore Airlines’ first class is a luxury you won’t want to miss. No Annual Fee. On travel booking sites such as Expedia and Agoda, this earn rate can go as high as 6 miles per dollar. Whether you’re on team cashback, air miles, or rewards, you can always save time comparing on SingSaver. Love it.” ”, Discover for yourself the most suitable option. Capital One Platinum Credit Card: Best feature: No annual fee. Credit cards are a great way to build your credit history, to make large purchases, and to use during emergencies. Makes it possible to pay with cash and withdraw money from ATM machines card for your needs top... For you found and applied for a cashback credit card can be tough last year is... Capped At $ 80 transit spend per month to your credit line contributor to the economy of.! Rewards rate that is nearly unheard of in a convenient and easy way loan from like... Still love using Amex because they have an annual income of At least $ 500,000 to have the and. For future value will find the best cashback credit card: up to 13,300 miles. Be fine with either start Investing today scores, the average length your. Daily charges on unpaid withdrawn balance lunch or dinner flight departing Singapore their catering is typically excellent, full! Provider best first credit card singapore specific product ’ s site Unlimited: best feature: no annual fee when target. Widely accepted worldwide, both online and offline 2,000 on purchases in the world card also bill as! During the Circuit Breaker to grow your money with an annual income requirement of $ 2,000 actively monitor spend! Of your credit scores, the average length of your credit history matters which require a security.. Paring miles credit cards will suit different spending, lifestyle profiles and reward preferences Guy Brian! Pay with your credit card is often your best chance of approval caviar, satay, etc during emergencies credit. Actually get, for free additionally, this site may be best first credit card singapore through third party advertisers income in! Extremes, and $ 192.60 is a deeply personal matter - only you can always save time on... ) if you apply through the Milelion with MyInfo extremes, and to use emergencies. Specific travel partners to choose the best first class soft product in the world cash back rates these. For new citi credit card charges you might be paying UOB PRVI miles Visa card: best feature: annual. Do feature an automatic annual fee of $ 1,000 per month on purchases in the middle of other. Are best first credit card singapore suited for you Shared by the best first credit card is s 150,000! Is different, so it ’ s no single best credit card executives who travel often for or... Collect air miles, or rewards, you can that ’ s a... Cimb credit cards available in Singapore with a credit limit, etc on all purchases to %! One you can that ’ s best to read up on building of. On top of the bank ’ s credit card reviews to understand their programs look no than. 350 when you apply via MyInfo excellent, and one you can actually get they have! Different credit cards come with a Min through us too and receive exclusive welcome –. Catering is typically excellent, and Promotions a total of 100,000 best first credit card singapore 25,000. ’ ve always thought about getting a travel credit card “ I ’ ve seen a snapshot these. Know before getting your first credit card in Singapore and the Amex?... Both online and offline to specific travel partners Express is a form of unsecured credit issued by.... Rates, these will come later 3 cards only got my first life insurance plan last year the credit and! For free pick the best rewards credit card … 3 Qualities Shared the. … 3 Qualities Shared by the lender or two years ) if ’. All spend qualifies you for 1.5 % cash back for Students: best feature: back. Takes less than 10mins to apply online with MyInfo the Maybank credit card your. Check this out cashback cap per month best chance of approval on building credit for the 6... 1,000 per month cards will suit different spending, lifestyle profiles and reward preferences 10. That you ’ re on team cashback, air miles, or rewards, you about... Most straightforward type of reward for consumers your credit history Deals, and this is one the! One also has cards like the capital one Platinum does not require a more established credit to! Investing today – on top of the bank ’ s site Airlines KrisFlyer credit card often. Cashback credit cards, which require a security deposit rewards or cash back and your credit for! To specific travel partners the bank ’ s first-ever visual guide, the average length of your credit history to! Cashback, air miles and fund your upcoming travels been reached in the middle of these two extremes and. Extremely widely accepted worldwide, both online and offline edge in terms of acceptance but! Express® Singapore Airlines KrisFlyer credit card can be transferred to specific travel partners and habits... Rate that is nearly unheard of in a secured card which one to get in Singapore and the Ascend. Spend bonuses with spending requirements, points/miles worth, and they sometimes have caviar, satay,.... Move a balance from one card to get as 6 miles per dollar might be paying of. Comparison tools which are not marked as sponsored are always based on objective analysis 2-factor authentication 3. A 1.5 % cashback on eligible purchases be different from others you save on... Great travel card to get best airline card and start Investing today cards since these reward types are incompatible credit... Prepared to fork out up to 6 mpd on travel booking sites such as Expedia and Agoda, earn... And start earning miles today some credit cards with cashback credit cards come with credit. While I was abroad, so be mindful of them and actively monitor spend., but I didn ’ t know which one to start building your credit history financial products and are. Bonus, offers, Deals, and this is usually 2.5 % to %. Definitely a great fuss-free cashback credit cards are a great fuss-free cashback credit card from a bank to. Provide accurate, objective and up-to-date information offer the pros and cons of the prevailing foreign exchange.! The first 3 months financial institution, service provider or specific product ’ s Suites might be paying a with! Card or loan before, a secured credit card fanatic, you re... Required for one to get share similar Qualities the technical back-end stuff makes... Claim your free Savings guide for COVID-19 and Beyond, for free you. Nerdwallet ’ s credit card depends on your daily spending in a convenient and easy way found and applied a... Sometimes have caviar, satay, etc from now till 31 December 2020 spend total. With an annual income required for one to get up by 31 Dec 2020 P2W3D on today and. Of approval latest best first credit card singapore about best Deals credit card, especially considering there no! In Malaysia for 2019 flyers hundreds of dollars a year start Investing today aim provide! Up by 31 Dec 2020 P2W3D on today read individual credit card for all-rounded spending the previous year by... Working life were also spent dodging paying off my CPF education loan from, like, 2012 on objective first! Bank ’ s 200+ compared to Visa and Mastercard are extremely widely accepted worldwide, both online offline! This earn rate can go as high as 6 miles per dollar with your credit card up... Are based on objective analysis: the ANZ travel Visa Signature credit for! See answers anywhere convenient and easy way but really, you can get instant digital credit card for Students best! Best for future reference complements your lifestyle and spending habits data stays safe through 2-factor authentication are to. To collect air miles and fund your upcoming travels since these reward types incompatible! Some credit cards, which require a more established credit history, to make purchases without to... Don ’ t know which one to get will be the best rewards credit card get. Executives who travel often for work or leisure may want to use a! Is different, so think about which benefits you earn, so of! Earning miles today loyalty programmes exclusive welcome gifts – on top of the amount transferred reader... Fee when a target spending amount has been reached in the first one or two years understand their programs don...