Since the word "credit card promotion" is one of the highest searched keywords on Google in Singapore, we know how much Singaporean consumers care about credit card promotions and bonuses. However, with so many cash rebate bonuses, gifts and mile awards being advertised by banks, it can be difficult to discern which is the best deal. Here, we have compiled a list of the best credit card promotions in Singapore to make your search easier. Read further to see which deals are available.
Our Picks For the Credit Card Promotions for March 2017
At ValuePenguin, we do our best to evaluate which cards bring the highest value to consumers in an objective fashion. Since each card has its own unique set of strengths and weaknesses, not every card will be perfect for everyone. Read our review of the best credit card deals below to see which one is the most appropriate for your circumstances.
Best Citibank Credit Card Promotions
According to Citibank's website, they have total of 15 credit cards available in Singapore. Below, we feature some of the best promotions and welcome bonus offers from Citi in Singapore. While we continue to update our page with the latest offers from each bank, you should make sure to read the fine prints on the terms & conditions page for each promotion on the bank's website. Banks often impose various requirements for you to qualify for some of these promotions.
Best Air Miles Rewards Credit Card: Citi PremierMiles Visa Card
Citi PremierMiles Visa Card is one of our favorite travel cards for average consumers. It has a very good set of offers that includes great mile awards (1.2 miles for S$ spent locally) and bonus miles. As a promotion, Citi is offering an incredible bonus miles of up to 30,000 miles. If we were to value a mile at 1 cent, that's promotional bonus of S$300 (and more if you redeem your miles for business class or better). To earn this bonus, all you have to do is spend S$10,000 in the first 3 months. If you can't spend the S$10,000 in 3 months, you can still get 15,000 miles just by spending any amount of money on the card. Not only that, you can also receive 10,000 miles when you pay the annual fee to renew your card every single year.
Summary of Citi Premier Miles
- 1.2 miles for S$1 spent locally, 2 miles for S$1 spent overseas
- 14% off petrol spend at Shell & Esso
- S$192.6 of annual fee, no waiver
- Promotion: Up to 30,000 bonus miles (15,000 when you apply and spend within first 3 months + 15,000 miles when you spend a total of $10,000 within first 3 months)
- Bonus: 10,000 miles when you pay the annual fee and renew
Best Miles Card for Shopping: Citi Rewards Visa Card
Citi Rewards Visa Card is one of the best miles rewards cards for shopping expenses. Citi Rewards card's 4 miles for every s$1 spent on shopping both online and offline is unmatched by any cards we’ve seen in this category. This is a big differentiating factor for this card because most other cards limit award miles for either online purchases or offline purchases at specific offline retail stores.
While its 0.4 miles on other purchases is unimpressive, Citi nicely rounds up Citi Rewards' offer with a 14% discount on petrol. Also, Citibank is offering a promotional welcome gift of S$120 in cash rebate for new customers. Consequently, this card should return about S$1,806 of rewards over 2 years for an average consumer, which you can compare against other cards below. Click the apply button above to apply online and get these fantastic set of awards!
Summary of Citi Rewards Card
- 4 miles (10 reward points) for every S$1 spent on shopping (including online), 8 miles (20 reward points) at select shops like Topman
- Up to 14% off on petrol at Esso and Shell
- 0.4 miles (1 reward points) on other expenses
- Annual fee of S$192.6, not waived
- Promotion: S$120 cash credit welcome gift
Best Rewards On Food: Citi Cashback Credit Card
Previously known as Citi Dividend Credit Card, Citi Cashback Credit Card is one of the best credit cards for cash rebate on all expenses related to food. This card's highlight is the 8% cashback on both dining and grocery. For people who tend to eat out just as often as they cook at home, Citi Cashback can help save money on all of their meals any time and wherever they eat.Though it doesn't provide benefits for entertainment, shopping and utility expenses, Citi Cashback card still provides 21% off on petrol.
Citibank is currently providing a promotion of S$120 of cash rebate welcome gift. It also has a relatively high cap on monthly cash rebate of S$75. If you are looking for a way to save money on all your meals in and out of home, Citi Cashback card could be an excellent choice for you.
Summary of Citi Cashback Card
- 8% cashback on grocery & dining
- Up to 21% off on petrol
- 0.25% cashback on everything else
- Relatively high cashback cap of S$75 a month
- Annual fee of S$192.6, first year waived
- Promotion: S$120 cash rebate welcome gift
Cashback Rewards and EZ-Link: Citibank SMRT Platinum Visa Card
Citibank SMRT Platinum Visa Card is another excellent card that provides cashback rewards and doubles up as an EZ-Reload card. The highlight of the card is probably its 7% cashback on groceries, one of the highest in Singapore. It also helps you to save some money on your morning or afternoon coffees with up to 15% rebate at various coffee chains like Starbucks.
Citi SMRT card is also more affordable than POSB because its annual fee of S$160.5 is waived for 2 years. This card functions perfectly well for those who commute daily on SMRT, enjoy coffee often and shop for groceries on their way back home from work. Currently, Citi is offering a welcome bonus promotion of S$120 cash rebate for new cardholders who apply online.
Summary of Citibank SMRT Platinum Visa Card
- One of the highest grocery rebates of up to 7%
- Up to 15% rebate on coffee
- Doubles up as a EZ-Reload card, with 2% rebate on Auto Top-Ups
- Max S$280 of SMRT$ rebate annually (S$40 monthly), but no cap on Citi reward points
- Promotion: S$120 welcome cash rebate
Best Luxury Travel Reward Miles Card: Citi Prestige MasterCard Credit Card
Just as the name suggests, Citi Prestige MasterCard Card is a luxury credit card with luxurious benefits. If you can stomach the S$535 of annual fee, there are plenty of reasons why you should consider getting Citi Prestige card. Its 1.3 miles for S$1 spent locally and 2 miles for S$1 spent overseas, which gets a boost of up to 30% if you are a loyal Citigold member. Other special benefits include SPG Gold Status, complimentary nights at hotels, and special deals and discounts at golf courses and resorts.
Not only that, Citi is offering an annual bonus of 25,000 miles every time you pay the annual fee as welcome and renewal bonuses. If you redeem these miles for business class or better (at least S$0.03 per mile), this promotional award can be significantly valuable even compared to the high annual fee of over S$500.
Summary of Citi Prestige MasterCard Credit Card
- 1.3 miles and 2 miles for every S$1 spent locally and overseas, respectively (up to30% boost with a banking account with Citi)
- Annual fee of S$535 & annual income requirement of S$120,000
- Various travel perks like SPG Gold Status, special benefits at Four Seasons and Ritz Carlton around the world, unlimited complimentary 4th night at any hotel and unlimited Airport Lounge VIP Access
- Promotion: Annual bonus of up to 25,000 miles when you pay the annual fee to renew
Best HSBC Credit Card Promotions
According to HSBC's website, they have total of 9 credit cards available in Singapore. Cards featured below represent the best promotions and welcome bonus offers from HSBC in Singapore. While we continue to update our page with the latest offers from each bank, you should make sure to read the fine prints on the terms & conditions page for each promotion on the bank's website. Sometimes, banks can impose various requirements for you to qualify for some of these promotions.
Cashback and Air Miles Rewards: HSBC Visa Platinum Credit Card
HSBC Visa Platinum Credit Card is a well-rounded credit card that earns both cashbakc and air miles as rewards. It is perfect for people with a moderate budget becasue HSBC waivers its S$180 annual fee for 2 years. Even after the 2nd year, the annual fee is waivered for those who maintain $12,500 of annual spending on the card. HSBC Visa Platinum card's cashback offer also covers some of the essential daily needs like groceries (5%), utilities (5%) and petrol (21%). Also, it can be used a travel card since it earns 0.4 miles for every dollar of expenditure. As a promotion, HSBC is currently providing a cashback relcome bonus of S$180 for new customers (S$100 for existing customers).
Summary of HSBC Visa Platinum Credit Card
- 5% cashback on grocery
- 5% cashback on utilities like cable, internet and mobile bills
- Up to 21% off on petrol at Shell and Caltex
- 2% cashback on dining
- 0.4 miles for every S$1 you spend
- S$120 cap on quarterly cashback (S$40 a month)
- Annual fee waived for 2 years, subsequently waived for annual spend of S$12,500 or more
- Promotion: Up to S$180 of cash back welcome bonus for new customers (up to S$100 for existing customers)
Best No-Fee Air Miles Rewards Credit Card: HSBC Revolution Card
HSBC Revolution Card is another no-fee credit card from HSBC. While its flat rate award is relatively weak at 0.4 miles per S$1 spent, HSBC Revolution Card grants 2 miles for every dollar spent on self-indulging activities like online shopping, dining and entertainment. With 2 miles per S$1 spent on categories like online spending, dining and entertainment, this card can help you earn more than S$500 worth of miles (i.e. 50,000 miles) in two years. What's more, HSBC Revolution gives 16% off on petrol and 10% off on travel bookings, so you can save even more money.
The fact that all of this comes for absolutely free is the greatest part of this deal from HSBC: though it does charge an annual fee of S$160.5, this fee is waived for the first 2 years for everyone, and subsequently waived for those who maintain an annual expenditure of just S$12,500 on the card. We think HSBC Revolution Card could be an excellent choice for young people who might be more conscious about costs but have an active shopping habit or social life, i.e. millennials, online shoppers and foodies. Currently, HSBC Revolution Card also comes with a promotional welcome offer of up to S$180 in cash rebate for new customers.
Summary of HSBC Revolution Card
- Annual fee of S$160.5 is waived for 2 years, and then waived in subsequent years for those who spend S$12,500 per year (S$1,042 per month)
- 2 miles on online spend (shopping and travel bookings), dining, and entertainment
- 0.4 miles per S$1 spend on everything else
- 16% off on petrol at Caltex & Shell
- Up to 10% off on travel bookings online
- Promotion: Up to S$180 of cash back welcome bonus for new customers (up to S$100 for existing customers)
Best ANZ Credit Card Promotions
According to ANZ's website, they have total of 5 credit cards available in Singapore. Below, we discuss the best credit card promotion offers from ANZ in Singapore. To keep up with the latest trends, we continue to update our page with the latest offers from each bank. However, you should also make sure to read the fine prints on the terms & conditions page for each promotion on the bank's website. Sometimes, banks can impose various requirements for you to qualify for some of these promotions.
Supplementary Rewards Card + Cashback Bonus: ANZ Optimum World MasterCard Credit Card
ANZ Optimum World MasterCard Credit Card can be an excellent complement to almost any set of rewards cards. Every quarter, you can choose from the following four options: dining & leisure, travel, shopping and groceries. When you designate your category, ANZ Optimum will provide 5% cash rebate on that category for that quarter. ANZ Optimum is an ideal card to supplement other rewards credit cards even when expenditures outside of the designated category only yield 1% rebate. This is because ANZ Optimum's lack of minimum monthly spend requirement makes it very easy to manage for anyone trying to maximize rewards on all of their credit cards. Currently, ANZ is running a promotion of giving S$168 in cashback for people who spend S$588 in the first month (S$88 for people who spend S$388).
Summary of ANZ Optimum World MasterCard Credit Card
- 5% cashback on a category of your choosing
- 1% cashback for categories outside of your choice
- No cap on cashback
- No minimum spend requirement
- Annual fee of S$180, waived 1st year
- Promotion: Up to S$168 of cash rebate for new customers and a free luggage gift worth S$300
Best Air Miles Credit Card for Autralia and New Zealand: ANZ Travel Visa Signature Card
If you frequently travel between Singapore and Australia or New Zealand, there might be no better card to use than ANZ Travel Visa Signature Card. As far as spending in Australia and New Zealand is concerned, this card's mile award of 2.8 miles per S$1 spent in these countries is the best we've seen. ANZ Travel card also helps earn miles on your flights to these countries, with 2.8 miles awarded on S$1 spent on Qantas Airways or Jetstar Airways. Every dollar spent in other countries, however, receives 1.4 miles of reward, which is still a phenomenal deal.
As part of ANZ's promotion, ANZ Travel Visa Signature card also comes with a promotion of 2,000 bonus air miles when you spend S$500 on the card, and 10,000 bonus miles when pay the annual fee to renew. Since its annual fee is $200 and is waived for the first year, 12,000 of bonus miles over 2 years can be worth about S$120 or more depending on how you choose to redeem your miles.
Summary of ANZ Travel Card
- The highest mile award rate of 2.8 miles per S$1 spent in Australia or New Zealand, or on Qantas Airways and Jetstar Airways
- 1.4 miles for S$1 spent on everything else
- Unlimited lounge access around the world
- Promotion:2,000 bonus air miles when you spend S$500 on your card, and 10,000 bonus miles when you pay the annual fee to renew
Best Standard Chartered Credit Card Promotions
According to Standard Charterd's website, they have total of 10 credit cards available in Singapore. The cards featured below, in our opinion, represent the best credit card promotions from Standard Chartered currently. If you are interested in one of these cards, read on to find out which one is the best fit for you!
Best Air Miles Card for Frequent Business Travelers: Standard Chartered Visa Infinite Card
Standard Chartered Visa Infinite Card is a high end travel card designed for frequent business travelers who spend a lot of time overseas. While 1.4 miles awarded for S$1 spent locally is already phenomenal, where SC Visa Infinite card outshines its peers is its 3 miles reward for S$1 spent overseas.
SC Visa Infinte Card also comes with luxurious perks like Hilton HHonor Gold Status, discounts on Uber discounts globally and discounts on golf clubs and private jets. For busy business travelers who have the money to spend but not much time for leisure, Standard Chartered Visa Infinite Card could help to squeeze every ounce of happiness and joy out of your time in style. Currently, Standard Chartered is running a promotion offer of 35,000 welcome bonus miles for new customers who apply online. Click the button above to get this deal quickly!
Summary of Standard Chartered Visa Infinite Card
- Some of the highest mile award rates of 1.4 miles and 3 miles for every S$1 spent locally and overseas, respectively.
- Luxurious perks like Hilton HHonor Gold status, discounts on Uber rides globally, complimentary VIP lounge access, and Gold Class Infinite Experience Package (i.e. discounts for golf clubs, yachts and private jets)
- Annual fee of S$688.6 and no waiver
- Promotion: Welcome bonus of 35,000 miles
Best Cashback Rewards for Online Shoppers: Standard Chartered SingPost Platinum Visa Credit Card
E-commerce has been dominating the global tech scene for quite few years. With Standard Chartered SingPost Platinum Visa Card, you can now ride the e-commerce wave even more. In our opinion, Standard Chartered Singpost Platinum Visa Credit Card is the online shopping reward card.
Not only does this card offer 7% discount on online shopping, it also offers a unique online price guarantee that makes sure you get the best price for anything you buy online. Its low minimum spend requirement and 2-year annual fee waiver also make it very easy to manage along with other cards you may want to use for other categories like dining.
Summary of Standard Chartered Singpost Platinum Visa Credit Card
- 7% cashback on all eligible online purchases including online shopping, travel bookings and food orders
- 2% cashback on grocery at Cold Storage
- 0.2% cashback on all other retail purchases
- 2-year waiver of S$180 of annual fee
- Online price guarantee
- Promotion: S$138 welcome cash bonus + S$30 cash rebate for making mobile payment
Unlimited Cashback + EZ-Link: Standard Chartered Unlimited Cashback Card
Standard Chartered Unlimited Cashback Card is an excellent choice for people who are looking for a simple flat rate card to use. It offer an unlimited cash rebate of 1.5% for every dollar you spend on everything. In order to strengthen the simple appeal of having a flat rate credit card, it also has no minimum spending requirement and can double up as an EZ-Link Card. We think this is an ideal choice for those who want an easy way to earn a decent amount of cash rebate while avoiding annual fees (waived for 2 years) and simplifying their modes of payment for a variety of things.
Summary of Standard Chartered Unlimited Cashback Credit Card
- 1.5% cashback on everything
- No cap on cashback
- No monthly spend requirement
- Doubles up as an EZ-Link Card
- 2 Year Waiver for its S$192.6 annual fee
- Promotion: S$138 welcome cash bonus + S$30 cash rebate for making a mobile payment
- Bonus:3% cashback overseas spending until 30 June 2017
Best CIMB Credit Card Promotions
According to CIMB's website, they have total of 4 credit cards available in Singapore. Below, we discuss the best credit card promotion offers from CIMB currently available in Singapore. Although we continue to update our page with the latest offers from each bank, you should always make read the fine prints on the terms & conditions page for each bank's website. Sometimes, these promotions come with various requirements for your to qualify for cash rebate or mile bonuses.
CIMB Visa Signature Card: Best No-Fee Cashback Card for Dining
CIMB Visa Signature Card is a free card that can help you reduce your dining bills by 10%. With no annual fee or monthly minimum spend, this card could be an excellent card to have in your wallet all the time because it takes zero effort to use it. Although CIMB Visa Signature only provides 0.2% cashback on general purchases, CIMB Visa Signature card actually offers market-leading dining rebate of 10%. It could also be used as a travel card since its low foreign transaction fee is only 1% compared to 2% offered by other banks, while the card also comes with a complimentary travel insurance. Since this card comes with no annual fee and the lowest foreign transaction fee, it's probably the cheapest credit card in Singapore you can get. All 4 of CIMB credit cards are currently running promotion that provides up to S$150 of cash credit for those who spend S$300 per month for 6 months.
Summary of CIMB Visa Signature Card
- No annual fee
- 10% cashback on dining (capped at S$60 per month)
- 1% foreign exchange transaction fee
- 0.2% cash rebate on everything else
- Promotions: Up to S$150 bonus cash credit when you spend S$300 per month for 6 months
Best American Express Credit Card Promotions
According to American Express's website, they have total of 12 credit cards available in Singapore. Below, we discuss the best credit card promotion offers from Amex currently available in Singapore. Although we continue to update our page with the latest offers from each bank, you should always make read the fine prints on the terms & conditions page for each bank's website. Sometimes, these promotions come with various requirements for your to qualify for cash rebate or mile bonuses.
Flat Rate to Maximize Cashback Reward Dollars: American Express True Cashback Card
Flat rate cashback cards offer a nice way of dealing away with the complexity of handling multiple credit cards, and American Express True Cashback Card is an excellent choice for people who are looking for a simple flat rate card to use. On top of the 1.5% flat rate cash rebate on everything, Amex is running a promotion that boosts your rebate rate to 3% during the first 6 months of use. It is also one of the rare cards that has no cap on cashback you can earn and no monthly spend requirement, so you can earn as much cashback as you want as long as your budget is big enough.
Summary of American Express True CashbackCredit Card
- 1.5% cashback on everything
- No cap on cashback
- No monthly spend requirement
- Annual fee of S$171.2, waived for the 1st year
- Promotion: 3% cashback rewards rate boost for the first 6 months
Best for Miles Card Beginners: American Express Singapore Airlines KrisFlyer Card
American Express Singapore Airlines KrisFlyer Card is a great card for miles card beginners. Amex Singapore Airlines KrisFlyer card is easy to use because it doesn’t require additional fees or long processing time to redeem miles. If you are unfamiliar with how this works or don't want the trouble of navigating the redemption system, Amex KrisFlyer card is an excellent way of getting your feet wet.
It also provides a great reward of 1.1 mile per S$1 spent locally, 2 miles per S$1 spent overseas or on singaporeair.com and silkair.com for your travel bookings. Since Singapore Airlines and its subsidiary Silk Air have more than 40% market share of flights in Singapore, we don't think being limited to these two airlines will present material problems for most people. This card's annual fee is S$176.6 and is waived for the first year.
Summary of Amex KrisFlyer Card
- Most convenient mile redemption program with no additional fee
- 1.1 miles per S$1 of local spend, 2 miles per S$1 spent on singaporeair.com, silkair.com, KrisShop and SilkAir SkyShop
- 2 miles per S$1 spent overseas in June and December
- Miles redemption limited to Singapore Airlines, Silk Air and Star Alliance partners
- Promotion: Up to 8,000 bonus miles when you spend S$700 in the first 6 months upon card approval
Best UOB Credit Card Promotions
According to UOB's website, they have total of 15 credit cards available in Singapore. Below few cards represent the best credit card promotion offers from UOB currently available in Singapore, in our opinion. As some of these promotions come with various requirements for your to qualify for cash rebate or mile bonuses, you should always make read the fine prints on the terms & conditions page for each bank's website. At any rate, to help you keep up with the latest trends, we continue to update our page with the latest offers from each bank.
Luxury Air Miles Without the Luxury Fees: UOB PRVI Miles American Express Card
UOB PRVI Miles American Express Credit Card provides an excellent opportunity to earn luxury mile awards without the luxury fee. While it only charges an annual fee of S$$256.8 (waived for the 1st year), it still other luxury credit cards with an offer of 1.4 miles for S$1 for local spend and 2.4 miles per dollar.
Given the low fee, however, UOB PRVI Miles card does come with less perks compared to the more expensive cards. Its promotion of 20,000 miles for people whoe spend S$50,000 on the card each year is also quite difficult to receive as it requries a S$4,000 of monthly expenditure. However, UOB is also providing a S$50 of cash rebate for new customers. We think this card works quite nicely for people who want to earn high miles, and prefer low annual fee over perks like free lounge access or hotel rewards.
Summary of UOB PRVI Miles Card
- One of the highest awards rates, 1.4 miles for S$1 spent locally, 2.4 miles for S$1 spent overseas, 6 miles on S$1 spent on travel
- Annual fee of S$256.8, waived 1st year
- Promotion: S$50 of cashback for new customeres.
- Bonus: 20,000 loyalty miles every year with at least S$50,000 of spend on the card
Highest Flat Rate Cashback: UOB One Card
We like UOB One Card because it provides up to 5% of flat rate cashback on all your expenditures. This translates to roughly S$2,257 of 2-year dollar value given that it charges an annual fee of S$192.6 (which is waived for the 1st year) and has a maximum cashback cap of S$100 per month. The only caveat is that you have to spend a certain amount around S$2,000 consistently every month. Not meeting this condition for even one month could lower your cashback significantly. Given this, we think UOB One is suitable for people who have very consistent monthly expenses, i.e. families with large and recurring or fixed expenditures. UOB is also providing a S$50 of cash rebate for new customers.
Summary of UOB One Card
- Flat rate cashback of up to 5%, one of the highest in the market
- Up to 24% discount on petrol at SPC and Caltex
- Monthly cap on cash rebate at S$100
- Promotion: S$50 of cashback for new customers
Best Cashback on Groceries: UOB Delight Card
UOB Delight Credit Card offers the best deal in Singapore for groceries. If you don’t mind buying house brands or private labels at Cold Storage, Giant and Guardian, UOB Delight Credit Card can save up to 18% off of your grocery bills. This is because it provides 8% off on groceries, and offers another 10% discount on house brands at aforementioned supermarkets. Nicknamed a “mom card” by some, UOB Delight Credit Card addresses other parts of family life with its 3% rebate on mass transit and utility bills.
UOB Delight Credit Card is also very cheap to use, only requiring S$85.6 of annual fee that is waived for the first year. UOB is also providing a S$50 cash welcome gift for new customers at this time. These characteristics, in our view, make UOB Delight card an ideal for any big families with a lot of fixed expenses on groceries and utilities to take care of every month.
Summary of UOB Delight Card
- 8% cash rebates groceries (additional 10% for house brands)
- 3% cash rebate on utility bills and mass transit
- Very low annual fee of S$85.6, waived for the first year
- S$50 monthly cap on cashback, upon reaching earn 0.3% cashback
- Promotion: S$50 cash rebate for new customers
Best DBS & POSB Credit Card Promotions
According to DBS and POSB's websites, they have total of 10 credit cards available in Singapore. In our opinion, the cards featured below represent the best credit card promotions from DBS and POSB. If you are interested in one of these cards, read on to find out which one is the best fit for you!
DBS Altitude Card
DBS Altitude Card is quite similar to Citi PremierMile Card, especially in terms of air mile rewards. You can earn 1.2 miles for every S$1 of local expenditure and 2 miles for every S$1 of overseas expense. Where they differ, however, is that DBS Altitude Card's annual fee of S$192.6 is waived if you maintain an annual spend of S$25,000. Hence, if you value annual fee waivers over bonus mile awards, DBS Altitude maybe the right card for you.
Summary of DBS Altitude Card
- Annual fee of S$192.6 is waived when you spend at least S$25,000 a year
- 1.2 miles for S$1 of local spend and 2 miles for overseas spend
- 3 miles for S$1 spent on online travel bookings
- Annual fee of S$192.6, waived for 1st year
- Promotion: 15,000 bonus miles for new customers (10,000 miles for existing customers)
POSB Everyday Card
POSB Everyday Card is a good credit card for every day use. POSB Everyday card has a diverse mix of rewards program: 20% of cashback on petrol, 5% on groceries and 3% off at cosmetics and pharmaceutical needs at Watsons. Not only that, it can also even double up as an EZ-Reload card that offers 2% rebate on Auto Top-Ups. The best part, though, is that POSB Everyday Card does not have a cap on cashback you can earn. These characteristics make it one of the best cashback cards in the market. Its annual fee is S$128.4 and POSB waivers the first year's fee, making the card quite affordable.
Summary of POSB Everyday Card
- Up to 20.1% discount on petrol at SPC
- 5% rebate on groceries at Sheng Siong
- 3% rebate at Watsons
- 2% rebate on EZ-Link Auto Top-Ups
- No cap on cashback
- S$700 monthly spend minimum
- Annual Fee of S$128.4, waived for 1st year
- Promotion: S$160 cash rebate for new customers (S$100 for existing customers)
Best OCBC Credit Card Promotions: OCBC Voyage
Perhaps the most distinguishing characteristic of OCBC Voyage card is its flexible mile redemption prgoram. It is the only card we have seen that allows you to redeem miles for any flight at any time, without a long process time or blacked out dates. Because OCBC Voyage will allow you to book your free flight last minute (as long as there is avaialbility on the flight), OCBC Voyage card is ideal for busy professionals who may not have much visibility into their schedule weeks in advance.
OCBC Voyage card also comes with great mile benefits like 2.3 miles for S$1 spent on dining or overseas (everything else receives 1 mile). Its slick alloy material sets it apart from other "luxury" travel cards in the market. Although it has a rather high annual fee of S$488, OCBC Voyage helps offset the cost with 15,000 welcome bonus miles and an opportunity to buy 150,000 miles for S$3,210 (S$0.02 per mile), which is a great deal if you can redeem it for business class flights or better.
Summary of OCBC Voyage
- 2.3 miles for S$1 spent overseas or on local dining, All other spend receives 1 mile per S$1 spent
- Flexible miles redemption program that allows you to book any flight you want at anytime
- Travel perks like unlimited VIP lounge access and free airport limo service
- Annual fee of S$488, no waiver
- Promotion:Welcome bonus of 15,000 miles and ability to buy 150,000 KrisFlyer Miles for S$3,210 (S$0.02 per mile)
Visual Analysis of Credit Card Dollar Value
To help you compare each cards more effectively, we have prepared a visual guide below that displays how much you can earn and save by using each card for 2 years in terms of dollar value*. These include cash rebates, air miles and promotions like sign up bonuses or spending bonuses. We also subtract any fee you have to incur like annual fees. These are only estimates based on an average person's spending habits, and you should read our reviews above to see if a card matches your spending habit.
Each bank has a unique set of promotions that apply to their overall card offerings. Sometimes, they also have special promotion offers for specific cards in their portfolios. Promotions ultimately translate into some form of dollar value as well. By adding up the cashback, mile awards and promotions that you can earn with each card, we have compiled a list with the best credit card deals in Singapore by bank.
|Citibank||Citibank Prestige MasterCard||S$500|
|Citibank PremierMiles Visa Card||S$270|
|Citibank Rewards Card Visa, Cashback Visa, SMRT Platinum Visa||S$120|
|HSBC||HSBC Advance Visa Platnium Card||S$425|
|HSBC Revolution Credit Card, HSBC Visa Platinum Credit Card||S$180|
|ANZ||ANZ Optimum World MasterCard, Platinum Card, Switch Platinum||S$168|
|ANZ Travel Visa Signature Card||S$120|
|Standard Chartered||Standard Chartered Visa infinite Credit Card||S$450|
|Standard Chartered Unlimited Cashback Card, Standard Chartered Platinum Visa Credit Card, SingPost Platinum Visa Credit Card, Manhattan World MasterCard||S$168|
|CIMB||CIMB Visa Signature, CIMB Platinum MasterCard, CIMB Visa Infinite, CIMB World MasterCard||S$0.0||Up to S$150 of cash rebate for customers who spend at least S$300 for 6 months|
|American Express||American Express Singapore Airlines KrisFlyer Credit Card||S$80|
|American Express True Cashback Card||S$75|
|UOB||UOB PRVI Miles American Express Card, Lady's Platinum Card, One Card, YOLO Card, Delight Card||S$50|
|DBS/POSB||POSB Everyday Card, DBS Woman World MasterCard, Woman's Card, Black Visa Card, Live Fresh Visa Card||S$160|
|DBS Altitude Visa Signature Card||S$150|
|OCBC||OCBC Voyage Card||S$150|
*ValuePenguin calculates the dollar value of rewards based on S$2,000 of monthly spending. We sum the value of points, miles and cashback in dollar terms and subtract the annual fee over a 24-month period. The estimates here are ValuePenguin's alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.
**To calculate the value of promotions, we simply add the cash rebate value, value of miles and bonus gifts. Given that we typically assume S$2,000 of monthly spend on the card when calculating dollar value of credit cards, we exclude promotions that require S$3,000 or more of monthly spend to qualify. For physical gifts like luggages, we take a 50% discount given that not everyone will be in need of a new luggage.