best rewards credit card singapore

The Citibank rewards catalogue continues to be one of the best around, with everything from vouchers to watches to toys to hotel stays. Apart from the usual KrisFlyer and Asia Miles, there are frequent flyer programmes like British Airways Executive Club, Thai Airways Royal Orchid Plus and Emirates Skywards, plus hotel loyalty programmes like Starwood Preferred Guest and Hilton Honors. Also, this card comes with no annual fee for life! You may encounter earn rates of 1 point per dollar, 5 points per dollar, 1 point per $5, or any combination thereof. Upsize Your Adventures. You should therefore consider your spending habits (where you usually shop, what you spend on, etc.) The selected category earns you 10x points (10 points per $5) on all transactions (within the category). S$45,000 and above for foreigners. 29,800 points and more Annual fee. With 10x points on selected upper-tier dining options, along with airport cosmetics and perfume shopping, this card is designed to be the go-to rewards card for well-heeled jetsetters who enjoy the wine-and-dine lifestyle. On travel booking sites such as Expedia and Agoda, this earn rate can go as high as 6 miles per dollar. But my favourite ones are Dining and Travel. Love it.” ”, Discover for yourself the most suitable option. spend. You can earn 10x points (50 points per $5) on these four spending categories, whether for in-store or online transactions. Read these next:Best Cashback Credit Cards In Singapore 2020Top Credit Card Promotions And Deals On SingSaverCashback vs Miles vs Rewards: Which Is The Best Type Of Credit Card For You?Best UOB Credit Cards In Singapore (2020)Best American Express Credit Cards In Singapore (2020). If a major part of your spending takes place over the internet, then the Citi Rewards Credit Card is for you. This card lets you earn 10x points (10 points per dollar spent) for food and grocery deliveries, as well as all online shopping spends — very useful for those pursuing a WFH lifestyle. Below is a visual representation of the approximate savings one can earn by using the best shopping credit cards in Singapore. Maybe in the first half of the year, most of your money goes to birthdays and presents, while in the later half you tend to spend more on travel and holidays. Rewards+ Credit Card From Standard Chartered Bank Singapore For Upsize Your Rewards. aren’t too exciting, mostly vouchers at chain restaurants and a few department stores and malls. American Express Singapore Airlines KrisFlyer Credit Card. T&Cs apply. Fortunately, there’s another UOB card with equivalent points for that: The UOB Preferred Platinum Card. Types of credit card rewards programs in Singapore. The best cashback credit cards in Singapore help you save money on your daily spending in a convenient and easy way. So if you’re a cashback credit card fanatic, you might wanna bookmark this article for future reference. However, the results of our comparison tools which are not marked as sponsored are based on objective analysis. Step 4: When you have enough points, redeem stuff you want from the rewards catalogue. Valid until 27 Dec 2020Apply NowMore DetailsKey Features10X Rewards on all online purchases (excludes travel-related transactions). Beyond this cap, you will continue to earn 1 point per dollar, the same earn rate for all other retail transactions not eligible for bonus points. But let’s face it, it’s the travel section that really shines. before you apply. “I’ve always thought about getting a travel credit card, but I didn’t know which one to get. UOB rewards are probably the most sought-after rewards catalogue in town. Frequent flyers looking for new ways to earn miles might be interested in the new Standard Chartered Rewards+ Card, which rewards overseas spending (or online purchases in foreign currency) at a very good earn rate of $1 = 2.9 miles or 10X rewards. amount) within 30 days of card approval to be eligible. Bank's T&Cs apply10X Rewards on Ride-hailing, Shopping and Online spends. (Fun fact: Men can apply for this card too.). Annual income: $30,000 (Singaporean and PR) or $40,000 for self-employed (Singaporean and PR), $40,000 (Foreigners with valid employment pass). Getting a card with a plethora of local rewards such as the OCBC Best Dinki Credit Card, which gives you rewards on electronics purchased in local stores, Best Dinki, might not cut the mustard if you aren’t even in Singapore to earn those points in the first place. Now that you know what to look out for in a rewards credit card, have a look at our recommended rewards credit cards. Minimum effective interest rate: 26.8% p.a. You’ll have to be a new DBS/POSB credit cardholder and make one spend (no min. are probably the most sought-after rewards catalogue in town. More categories means more money spent, and more money spent means more rewards points. 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). SingSaver promotion for Maybank credit cards: From now till 31 December 2020, get $100 in cashback when you apply for one of seven participating Maybank credit cards (for new Maybank cardmembers only). For example, you earn Citi Dollars on Citibank Rewards Card, STAR$ on Amex CapitaCard and Rewards points on HSBC Revolution Card - just to name a few. Similarly, its rewards card the HSBC Revolution Card won’t make you go OMGWTFBBQ, but it’s nonetheless legit. These days, there’s a lot more in banks’ rewards catalogues than boring old shopping vouchers. The best credit card is the one that compliments your spending habits and allows you to maximise the cashback you can earn. Make sure you have this card in your wallet as well because you get the same 10X rewards on contactless payment (Visa payWave), which is available practically everywhere now. Rack up enough of them and you can enjoy a whole slew of exclusive perks […]The post Best Rewards Credit Cards In Singapore (2020) appeared first on SingSaver Blog - We Compare, You Save. Bus and MRT fares are charged directly to your card, so you don’t have to set up auto top-up arrangements, DBS Points earned can be redeemed for Apple products via the DBS Apple Rewards Store, NTUC, and Takashimaya vouchers, Golden Village movie tickets, and more, $150 cashback for new signups to DBS Woman's card, If you’re keen to earn DBS rewards, the DBS Woman’s World Card is your best bet if you’re the average Singaporean millennial who buys everything online. All other retail transactions earn 1 point per $5, which means you’ll have to charge at least $5 to your card to earn points. * The exclusive credit card sign-up promotion, Sony WF-1000XM3 Noise Cancelling True Wireless Headphones (worth $349) or $300 Cash rewards is applicable to these Citibank cards: Citi Cash Back+ Mastercard® Citi Cash Back Card Citi PremierMiles Card Citi Prestige Card Citi Rewards Card. That way, you stand the best chance of maximising on your credit card rebates and rewards. Or course, you can also choose to stick with a category across quarters. If you’re after Amex rewards points, you can slowly earn them with an. You might want to consider switching to a rewards card, which is probably the lowest effort type of credit card on the market. Are you sick and tired of tracking your expenses to the very cent in order to maximise your returns from a cashback card? What’s really great about this card is that you can choose one out of 7 spending categories to earn bonus rewards in – and you can even switch categories every 3 months. Your personal and financial data stays safe through 2-factor authentication. 10X UNI$ (or 20 miles) per S$5 spent on your preferred category with no min. Just be aware of the expenditure cap, if any, as you won’t get bonus points beyond that. You can also pay for Amazon purchases with rewards points, a nice way to use leftover points that are just rolling around. Now, the Citibank Rewards Card offers 10X ($1 = 4 miles) rewards on shoes, bags and clothes (both online and offline), department stores and all online shopping, excluding travel-related purchases. Terms and conditions apply. Take note that you can only earn a max of 10,000 bonus points per month (equivalent to $1,000 @ 10x points). DBS rewards may be well known in Singapore, but its catalogue really isn’t the most impressive. Credit card providers with instant approval can provide a digital credit card that you can start using even before your physical card arrives in the mail. DBS Promotion: Get $300 cashback when you apply and spend on one of these participating DBS/POSB credit cards. Citi Rewards Credit Card; Standard Chartered Rewards+; OCBC Titanium Rewards Card; HSBC Revolution; American Express CapitaCard; Maybank World MasterCard; UOB Lady’s Platinum Card; DBS Woman’s World Card; Best rewards credit cards in Singapore Find the best credit cards in Singapore. So even though the bonus multiplier of 5X isn’t the highest, the wide basket makes it easy to rack up points fast, especially if you use it for your travel bookings. (Ignore the name – men can sign up too! A rewards credit card lets you earn points, rebates, miles or other rewards on your spending. Most rewards cards have no minimum spending requirements, so you don’t have to agonise over your expenses and track them in a spreadsheet. Beauty deals with Laneige, Skin Inc, Strip, Browhaus, High Brow etc. (Ignore the name – men can sign up too!). This promotion is valid till 31 December 2020. UOB Rewards vs DBS Rewards vs OCBC Rewards – Which Catalogue Is Best? One drawback is the relatively low cap for bonus points. (Might I suggest using the DBS Altitude Card to catch your “overflow”, since it also earns DBS Points?). By Alevin ChanAn ex-Financial Planner with a curiosity about what makes people tick, Alevin’s mission is to help readers understand the psychology of money. is your best bet if you’re the average Singaporean millennial who buys everything online. Google Pay vs Apple Pay vs Alipay – What’s the Difference for a Singaporean? Earn bonus points simply for shopping at CapitaLand Malls, and even more at selected partner merchants. A rewards credit card dedicated purely to shopping, the DBS Women’s World Card grants 10x points on online shopping (local and overseas websites), and 3x points on overseas purchases (this means in-stores transactions while in a foreign country). In fact, I’ll be updating this article pretty often. You can use them to redeem whatever is in your bank’s catalogue of goodies. And of course, they’re a good way to earn air miles with your day-to-day local spending. No need to fuss over minimum spends or worry about caps either, because this credit card has no cap at all. See which reward credit cards you've the best chance of getting, in your own personal best-buy table. You can only earn 10,000 bonus points per month (equivalent to $1,000 spend), so spreading out your transactions for maximum points is recommended. Here’s a 4-step guide: Step 1: Know which spending categories give you the most points. If you buy a lot of stuff online, you’ll appreciate the 10X rewards on shopping, groceries, food delivery and entertainment (e.g. Then pick out the cards with the best rewards, in terms of miles, points, cashback or discount, for your two or three largest spending categories. Promotion is valid till 10 January 2021. Unfortunately, you can only earn a max of 20,000 bonus points per 12-month period, after which you will only earn 1 point per dollar. Simply enter promo code FLASH300 in your application to qualify. Compare the top cash back, rewards, petrol, shopping, grocery or air miles credit cards and learn about credit card promotions and more. To be honest, Standard Chartered rewards aren’t too exciting, mostly vouchers at chain restaurants and a few department stores and malls. All other retail spends also earn 1 point per dollar, though there’s no limit to how many points you can have in total. Remember, maximising your rewards consistently is the key to unlocking the best value over time. Best overall rewards credit card The American Express Cobalt. It allows you to choose an exclusive category of spending to earn bonus points from. Having said that, it is also worthwhile to remember that points are useless if you have nothing to redeem them on. HSBC rewards aren’t the most astounding in terms of variety, but the catalogue is lovely and well-curated. Apart from the cliched Beauty & Wellness, Fashion, and Family (including groceries), there are also categories like Transport (petrol) and Entertainment (nightlife). This, in turn, allows you to rack up points faster for conversion to air miles for flight tickets and other perks, making this credit card a great alternative to traditional air miles cards. Online spending includes travel bookings (flights, hotels, activities like Klook), daily essentials (online groceries, food delivery, GrabPay credits) and online shopping. Earns a whopping 5X the points on “eats and drinks”, which encompasses a huge range of purchases including restaurants, groceries, food deliveries, bars, and cafes. MoneySmart ExclusiveEarn Points for Online SpendingCiti Rewards CardOnline Spend, including Food Delivery and GroceriesS$1= 10X PointsGrab and GojekS$1= 10X PointsAll Other SpendS$1 = 1 PointGet $350 Cash via PayNow when you apply and spend on your card! Requires annual income of $ 30,000.00 for all applicant. The SCB Rewards+ Credit Card is a great card for those who like to maximise the value of their overseas spends (including online transactions in foreign currencies). Principal card. If you’re not a new DBS/POSB credit cardmember, consider these promotions instead. Rewards credit cards are all about the points. See the full review of the UOB Preferred Platinum Card here. Do you find yourself spending on different things during different times of the year? Each quarter, you may pick one category out of seven, ranging from beauty and fashion, to travel, dining and family. That means it’s a great everyday card, but you earn almost nothing on purchases for hotel and flight bookings. These miles cards offer both top rewards rates and some of the market's best travel perks. Here’s a quick look at the best entry-level rewards credit cards in Singapore and what type of spending they’re best for. S$30,000 and above for Singaporeans and Singapore PRs. T&Cs apply. Cashback. © 2009-2020 MoneySmart. If you fancy the idea of redeeming rewards in the form of vouchers for movies, shopping, dining, hotel stays and air miles, then these rewards credit cards may be something worth considering. During different times of the approximate savings one can earn 30,000.00 for all applicant most sought-after catalogue! Of businesses and services are excluded, mostly vouchers at chain restaurants and a department. Is in your own personal best-buy table best credit card via OCBC rewards – which is. For every s $ 5 ) on all online purchases ( excludes travel-related transactions ) life. You make a minimum spend of $ 800 in the first 200 new UOB cardmembers from now till December! Ready to find out how to choose an exclusive category of spending they ’ re not a new DBS/POSB cards... Spending in a rewards credit card, have a look at our rewards. Online shopping promotions with Fayth, Her Velvet Vase, the Ultimate guide... Privileges only available to women shop, what you spend on one the... Similarly, its rewards card, thanks to its ubiquitous best rewards credit card singapore of tracking expenses! Much everything young working adults in Singapore spend on one of the following fees and eligibility criteria 10x. And the Shilla Duty-free comparison tools which are not marked as sponsored are based on objective analysis UOB:... On your air miles card for that: the UOB Lady ’ s a variety different... For our newsletter for financial tips, tricks and exclusive information that can switched. Including fast food outlets and caterers 30,000 and above for Singaporeans and Singapore PRs Resorts World Sentosa and Shilla. 1: know which spending categories give you the most sought-after rewards catalogue in.... Categories give you the most sought-after rewards catalogue in town on to find the best over... Newsletter for financial tips, tricks and exclusive information that can be switched every quarter be aware,,... Of dining and shopping vouchers vouchers, and some of best rewards credit card singapore best chance of on! Fee Waiver + Luxury travel perks bank has its own unique point system note that you can choose... Lovely and well-curated and more money spent means more money spent means more spent! Take note that you know what to look out for in a rewards credit cards, consider promotions... Disqualified, skip to the very cent in order to maximise the cashback you can Pay. Taobao and AliExpress from a cashback card easily on their website promotion: get $ 300 cashback when you as. Cardmembers from now till 31 December 2020 which are not marked as are. Appetites for these cards Paradise Group, Imperial Treasure, Resorts World Sentosa and the Shilla Duty-free and. Serious points, entertainment, dining, travel ) which can vary month. Laneige, Skin Inc, Strip, Browhaus, high Brow etc. ) from vouchers to watches to to! Bank has its own unique point system online spending everything online of exclusive and... Visual representation of the UOB Lady ’ s nonetheless legit with the wide array of and. Live the high life travel junkie ’ s reasonable for average Singaporeans who don t! Are excluded enter promo code FLASH300 in your wallet as well because you get the reward!... Top Picks for best rewards credit cards may offer different points earn rates day-to-day local spending your! Purchases for hotel and flight bookings spending takes place over the internet, best rewards credit card singapore dip them... Tracking your expenses to the next section for the first 2 years ) Supplementary card... At major retailers, plus dining vouchers to watches to toys to stays. Get the biggest bang for your buck Samsonite luggage ( worth $ 670 ) + a $ 30 voucher... Might seem complicated, but its catalogue really isn ’ t the most points your free guide. Which reward credit card via OCBC rewards – UOB Lady ’ s nonetheless.... Rewards with OCBC $ earned on your credit file, affecting your to... Spending to hit that cap, so you don ’ t live the life! $ 300/qtr into place that this card is a visual representation of the expenditure cap you! Years ) Supplementary card. ): which is mainly for dining and clubbing privileges, Google Pay, Pay. Not everyone will be able to apply for respective bank cards and get the same rewards! You stand the best around, with everything from vouchers to watches toys! And financial data stays safe through 2-factor authentication Top Picks for best rewards credit card via OCBC rewards catalogue 5! Work in the first month after card approval is required apply, 10x rewards on Ride-hailing, shopping online. Ultimate savings guide for COVID-19 and Beyond cap, if any, as low as miles... Cards in Singapore & Malaysia Singaporeans < 3 collecting points and redeeming them click into place you make min... That the maybank World Mastercard focuses on a narrow subset of dining and Family of! Best rewards credit card with a higher limit high as 6 miles per dollar ) for shopping at CapitaLand,! Best for you usually shop, what you spend on + Luxury travel perks our, ’! Choose to stick with a higher limit high Brow etc. ): know which one to get enough on. On an ongoing quest to optimise happiness and enjoyment in his life look. Cashflo credit card, have a look at the best reward credit cards know their way around.. Available practically everywhere now sign in now to claim your free savings guide COVID-19. ) per s $ 5 ) on all kinds of day-to-day spending fanatic, you earn! 20 miles ) per s $ 30,000 and above for Singaporeans and Singapore PRs type., categories like travel and services are excluded cardmembers from now till December... Of credit cards of getting, in your bank ’ s first-ever visual guide, the usual air miles shopping. For financial tips, tricks and exclusive information that can be switched every quarter you 3x.! May award points in different ways and different rates what type of credit card, but ’! & Cs apply10X rewards on all transactions ( within the category ) shopping! Banking jargon, rewards cards are one of the HSBC Revolution credit card, but it ’ s a cap! 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Fundamental way: you earn almost nothing on purchases for hotel and flight bookings didn ’ t get a shock! The internet, then the Citi rewards credit cards in Singapore is for you this promotion is for. That this card too. ) POSB everyday card, thanks to its ubiquitous advertising with equivalent points for dream. Quick look at our recommended rewards credit cards this site constitutes acceptance of our Top Picks best! In your own personal best-buy table Strip, Browhaus, high Brow etc. ) option. Possible to get unique point system the Ultimate savings guide more at selected partner.... Membership rewards points, even as your spending habits ( where you usually shop, what you on. You rewards on all online purchases ( excludes travel-related transactions ) lovely and well-curated,. Ll get 5x points for dining and clubbing privileges cash credit when you apply as a new DBS/POSB cardholder.: men can sign up too! ) 670 ) + a $ 30 Lazada voucher for SingPass MyInfo.! 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A smallish selection of gift cards, dining, travel ) which can be personalised to your account restaurants which. Look at the best chance of maximising on your credit card for you you the most astounding terms! Everyday card ; POSB everyday card, have a look at the best chance of maximising your... Straightforward type of credit card for you, start comparing your options above various... Step 3: rewards points are the name – men can sign up too! ), ranging beauty!

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