Credit Cards

Best Student Credit Cards 2018

At first glance, most students would probably not consider the prospect of holding a credit card. After all, why would students who have no income get a credit card? However, having a credit card is an important step of building one's credit score as she prepares to enter her adulthood. In fact, there are credit cards in Singapore that are specially designed for students, usually with S$500 of monthly credit limit. These cards impose no income requirement, and still provide great ways of saving money while building a credit score.

Best Cash Back Credit Card for Students: Maybank eVibes Card

Maybank eVibes card is a cash rebate card that lets you earn 1% rebates on everything you buy, which is the highest level of rebate we've seen for student credit cards. What's also great is that there's no minimum spending required to qualify for the rebates as well. You will get to also enjoy the regular perks available to all Maybank card members with their year-long TREATS programme. Other than that, it is the only student card that rewards the card-holder with an attractive activation gift – a stylish Adidas wristwatch worth $120 upon charging to your eVibes card within one month of card receipt.


  • Fee: Quarterly service fee of S$5; waived when you charge to your Card once every 3 months
  • No minimum income requirement
  • Eligibility requirements: Existing tertiary student OR a NSF man accepted to NUS, NTU, SUSS, SMU, NP, SP, NYP, TP, RP, NAFA, LASALLE, NIE, SUTD or SIT
  • 1% cash rebates on all your purchases
  • Age 18 to 30 years old
  • Promotion: adidas wristawatch worth S$120 upon charging your card within 1 month

DBS Live Fresh Student Card

DBS Live Fresh Student card stands out among student credit cards because it waives its annual fee for 5 years, making it effectively free to use. The card provides 0.3% rebate on on all your online shopping, Visa PayWave purchases and all other spend. Other than that, you get to enjoy all the benefits that a regular DBS credit card-holder is entitled to with the DBS Lifestyle App.


  • Fee: S$128.4, waived for 5 years
  • No minimum income requirement
  • Age 18 to 27 years old
  • Promotion: Charge 5 transactions within the first month from your card approval date to get free Uber rides (worth S$30)
  • 0.3% cashback on all your spend
  • Credit limit: S$500
  • Eligibility requirements: Undergraduate student from NUS, NTU, SMU, SUTD, SIM, SIT, Nanyang Polytechnic, Ngee Ann Polytechnic, Temasek Polytechnic, Singapore Polytechnic and Republic Polytechnic

Best Student Credit Card for Uber Rides: Standard Chartered Manhattan Credit Card

Standard Chartered Manhatten $500 Card stands out among student credit cards with its 20% rebate on Uber rides globally. While it requires S$900 of monthly spend to qualify for this benefit (compared to S$500 of monthly credit limit), those who readily repay their credit card balance frequently could still enjoy this benefit. Otherwise, this card provides a 0.25% cashback every month on retail spending.


  • Fee: S$32.1, waived for 1st year
  • 20% rebate on Uber rides globally up to S$500 (min monthly spend S$900)
  • Credit limit: S$500
  • 0.25% cashback on everything you spend
  • No minimum income requirement
  • Age 18 and above, with parent's consent.

Citibank Clear Card

Citibank Clear Card is an average student credit card, with a rewards rate that is equivalent to 0.24% of rebate. Other than that, Citibank provides a few extra perks that could be valuable for students, like 10% rebate at Starbucks and 5% rebate at Subway. It also comes with other regular Citi Rebates programme at numerous dining & party establishments in Singapore.


  • Fee: S$29.96, waived for the 1st year
  • No minimum income requirement
  • Age 18 and above, with parent's consent
  • 1 Citi Dollars per S$1 spent (equivalent to 0.24% rebate)
  • Credit limit: S$500
  • Eligibility requirements: student at NTU, NUS, SMU, SIM, SUTD, SIT, University of Chicago Booth School of Business, DigiPen, ESSEC, GIST-TUM Asia, INSEAD, S P Jain, Tisch, UNLV, Nanyang Polytechnic, Ngee Ann Polytechnic, Republic Polytechnic, Singapore Polytechnic, Temasek Polytechnic, LASALLE-SIA or NAFA

Summary of Best Student Credit Cards

Some may frown upon the idea of holding a credit card even before you are earning a regular income, but who's to stop you if you are able to repay your bills on time and use your holiday income wisely while getting the savings benefits from using a credit card?

Student Credit CardMain BenefitAnnual Fee
Maybank eVibes Card1% rebateQuarterly fee of S$5, waived for using the card once every 3 months
DBS Live Student Card0.3% rebateS$128.4, waived for 5 years
Standard Chartered Manhattan $500 Card0.25% rebateS$32.1, waived for 1 year
Citibank Clear Card0.24% rebateS$29.96, waived for 1 year


Another means of getting a credit card when you are not earning an income is to simply get a supplementary card from someone who trusts you, like your parents. However, the main card-holder will then be liable for any late payments or unpaid debts from the supplementary card-holder. But getting a credit card as a student can be a great aid to you financially, and also give you a taste of managing your own finances. They also come with great perks like rebates and ability to start building a credit score to help accelerate your financial adulthood.

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