If you regularly shop for fashion, bags, shoes, accessories, or laptops, tablets and other electronics, the OCBC Titanium Rewards Card could prove to be highly rewarding. Best for. before you apply. Maybank Family & Friends MasterCard: Top Rebates in SG & MY: Best for rebates in SG & MY w/ S$500 min. However, the results of our comparison tools which are not marked as sponsored are based on objective analysis. Love Dining @ Hotels offers you exceptional year-round privileges and savings of up to 50% on food bills at selected restaurants in some of the best luxury hotels around Singapore. If you’re ready to find the best KrisFlyer credit card for you, start comparing your options above. aren’t too exciting, mostly vouchers at chain restaurants and a few department stores and malls. For example, you earn Citi Dollars on Citibank Rewards Card, STAR$ on Amex CapitaCard and Rewards points on HSBC Revolution Card - just to name a few. Choose from Beauty & Wellness, Dining, Entertainment, Family, Fashion, Transport and Travel, Bonus 2X UNI$** (Total 12X) on Dining from 1-Jul-2020 to 30-Sep-2020, UOB Lady's LuxePay Plan 6 or 12-month installment plan with no interest or processing fees, Free e-Commerce protection for online purchases up to USD$200, High female cancer coverage of up to S$200,000 sum assured with UOB Lady's Savings Account, Up to 3.68% p.a. There’s no cap on the amount of bonus points you can earn with this card, and all other retail spends earn 1 point per dollar spent. Is there a minimum age for credit card applicants? ), to catch your “overflow”, since it also earns DBS Points?). Sign in now to claim your free savings guide. At first glance, it may seem odd that the Maybank World Mastercard focuses on a narrow subset of dining and shopping experiences. American Express Singapore Airlines KrisFlyer Credit Card. Because of banking jargon, rewards cards might seem complicated, but they’re actually really easy to use. See which reward credit cards you've the best chance of getting, in your own personal best-buy table. Minimum effective interest rate: 26.8% p.a. Typically, there is no minimum spend required to earn points, so you’ll accrue points as long as your transaction is eligible. In fact, they are actually great for travel junkies as some rewards cards outperform miles cards in earning air miles! Most rewards cards have no minimum spending requirements, so you don’t have to agonise over your expenses and track them in a spreadsheet. Check the expiry date of your points too, so you don’t get a nasty shock when you try to redeem stuff. 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). With rewards cards, points are the name of the game. The Citibank rewards catalogue continues to be one of the best around, with everything from vouchers to watches to toys to hotel stays. A rewards credit card lets you earn points, rebates, miles or other rewards on your spending. Go to site More info. It can get tricky trying to find the best reward credit card because each bank has its own unique point system. Sign up for our newsletter for financial tips, tricks and exclusive information that can be personalised to your preferences! Love it.”, Maybank Horizon Visa Signature Credit Card, Standard Chartered Unlimited Cashback Card, Allianz Global Assistance Travel Insurance, Standard Chartered Bank Rewards+ Credit Card, Best Cashback Credit Cards In Singapore 2020, Top Credit Card Promotions And Deals On SingSaver. You might want to consider switching to a rewards card, which is probably the lowest effort type of credit card on the market. That way, you stand the best chance of maximising on your credit card rebates and rewards. Rack up enough of them and you can enjoy a whole slew of exclusive perks and privileges only available to cardholders. – 10x points on 1 selected category, which can be switched every quarter. The rewards points you earn are also versatile. (Ignore the name – men can sign up too!). While most travel cards favor foreign currency transactions, MB Horizon offers an incredible 3.2 miles per local S$1 spend on dining, transport, petrol, and Agoda bookings. You can redeem anything from Les Amis dining vouchers to Amazon credit to cash rebates these days. 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. (Visa payWave), which is available practically everywhere now. Locally, you’ll get 5x points for dining at local establishments, including fast food outlets and caterers. 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). 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). But of course, the usual air miles and major shopping mall vouchers are there. If you’re after Amex rewards points, you can slowly earn them with an Amex Platinum credit card, which is mainly for dining and clubbing privileges. Be aware, though, that there’s a monthly cap of $1,000 so you can’t go too wild. For diehard fans of our local shopping malls designed and managed by CapitaLand, this card is for you. A second factor to consider is the cap on bonus points imposed on your card. Here’s a 4-step guide: Disclaimer: At MoneySmart, we aim to provide accurate, objective and up-to-date information. 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. 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. This card may look boring, but it’s a solid workhorse that gets you rewards on all kinds of day-to-day spending. And if you like to shop while travelling, using this card to pay for your overseas purchases will earn you 3x points. However, categories like travel and services are excluded. Women who like to choose their own rewards. Earn bonus points simply for shopping at CapitaLand Malls, and even more at selected partner merchants. are probably the most sought-after rewards catalogue in town. See the full review of the HSBC Revolution Credit Card here. See the full review of the UOB Lady’s Card here. 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. (But know your expenditure cap so you don’t go overboard.). Here’s a quick look at the best entry-level rewards credit cards in Singapore and what type of spending they’re best for. If so, you may be a seasonal spender, and might find this credit card an ideal fit. If you regularly spend more than the bonus point cap, it might be best to switch to a card with a higher limit. 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. But my favourite ones are Dining and Travel. 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. and pick a card that provides the most points accordingly. If you buy a lot of stuff online, you’ll appreciate the 10X rewards on shopping, groceries, food delivery and entertainment (e.g. The Capital One Venture Rewards Credit Card is probably the best-known general-purpose travel credit card, thanks to its ubiquitous advertising. Promotion is valid till 10 January 2021, T&Cs apply. Beauty deals with Laneige, Skin Inc, Strip, Browhaus, High Brow etc. 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. T&Cs apply, 10X Citi Rewards program gives you an additional bonus of 9X Rewards points per S$1 spend on eligible categories on top of the base rate, 10X Rewards capped at 10,000 Points per statement month and expires every 5 years. OCBC Cashflo Credit Card; POSB Everyday Card ; Best Rewards Credit Cards. Plus The Ultimate Savings Guide for COVID-19 and Beyond, for free! More details here. And of course, they’re a good way to earn air miles with your day-to-day local spending. Types of credit card rewards programs in Singapore. Best Rewards Credit Cards for Cashback: UOB One: Highest flat rebate on the market, earn up to $300/qtr. DBS rewards may be well known in Singapore, but its catalogue really isn’t the most impressive. The best cashback credit cards in Singapore help you save money on your daily spending in a convenient and easy way. Google Pay vs Apple Pay vs Alipay – What’s the Difference for a Singaporean? 21 years old. You should therefore consider your spending habits (where you usually shop, what you spend on, etc.) The maximum bonus points you can earn is 120,000 points per 12 months, beyond which the base earn rate of 1 point per $5 will apply instead. One drawback is the relatively low cap for bonus points. These cards often include customer loyalty programmes, offering higher rewards for purchases at certain merchants. , which is mainly for dining and clubbing privileges. Also, credit cards may offer different points earn rates. Love it.” ”, Discover for yourself the most suitable option. 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. (Fun fact: Men can apply for this card too.). Terms and conditions apply. Bank's T&Cs apply10X Rewards on Ride-hailing, Shopping and Online spends. Minimum effective interest rate: 26.88% p.a. 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! Credit cards that are more difficult to get include the ones with higher annual income requirements that can range from S$80,000 to S$200,000. As with the other cards on the list, there’s no cap on the base earn rate of 5 points per dollar, which kicks in after the bonus point cap is reached for the month. Rewards. 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, full review of the UOB Preferred Platinum Card, full review of the HSBC Revolution Credit Card. Rewards credit cards are all about the points. Minimum effective interest rate: 26.9% p.a. T&Cs apply. know their way around them. Fans of Paradise Group, Imperial Treasure, Resorts World Sentosa and The Shilla Duty-free. While there’s no minimum spend, there is a monthly cap of $1,000. Annual income: $30,000 (Singaporean and PR), $60,000 (Foreigners with valid employment pass), Annual fee: $240 (automatically waived with total minimum spend of $24,000), Age: At least 21 years old (females only), Annual income: $30,000 (Singaporean and PR), $40,000 (Foreigners with valid employment pass), Annual income: $30,000 (Singaporean and PR), $45,000 (Foreigners with valid work pass). Cashback. You can enjoy cash backs as rewards with these credit cards: UOB One Card: Best Flat Rebate Rate: Up to 5% rebate on all spend, S$300/quarter. Citibank Cash Back Card – MoneySmart Review 2021, UOB One Credit Card — “Singapore’s most generous rebate card” Now Updated with up to 10% Rebate on Daily Spend, Best 1-for-1 Hotel Buffet Dining Promotions in Singapore (Nov 2020), Best Credit Card Promotions (2020) – Free AirPods, CapitaLand Vouchers & More, Hoolah, Rely & Other Credit Card Instalment Plans to Ease Your Payment Pains. On travel booking sites such as Expedia and Agoda, this earn rate can go as high as 6 miles per dollar. DBS Altitude Visa: Easy Annual Fee Waiver + Luxury Travel Perks. Now that you know what to look out for in a rewards credit card, have a look at our recommended rewards credit cards. Also, this card comes with no annual fee for life! spend of $500 within the first month of card approval. 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! 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. You can earn 10x points (50 points per $5) on these four spending categories, whether for in-store or online transactions. T&Cs apply10X Citi Rewards program gives you an additional bonus of 9X Rewards points per S$1 spend on eligible categories on top of the base rate10X Rewards capped at 10,000 Points per statement month and expires every 5 years See all card details, 10X Rewards on all online purchases (excludes travel-related transactions). That’s pretty much everything young working adults in Singapore spend on. Maybank Family & Friends: Rebates up to 8% in Singapore & Malaysia. You also get 5X rewards ($1 = 1.45 miles) on local dining, which is a better rate than the typical $1 = 1.2 miles you can get on local spending with normal miles cards. Before you sign up, take note of the following fees and eligibility criteria. These points can be used in different ways, such as converting them into air miles, voucher redemptions, claiming of exclusive products, or even to offset your credit card statement. T&Cs apply. aren’t the most astounding in terms of variety, but the catalogue is lovely and well-curated. 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. The one category that I wish the UOB Lady’s Card had is Online spending. You can grow and maintain your stash of points, then dip into them to meet your needs when necessary. So, a third factor to consider is whether the type of rewards your points can be used for are the type of rewards you need or desire. PLUS offline dining and entertainment. Summary of Our Top Picks for Best Rewards Credit Cards in Singapore. It allows you to choose an exclusive category of spending to earn bonus points from. To earn this reward, you will have to spend a minimum of $250 qualifying spend each month for two consecutive months upon card approval. If a major part of your spending takes place over the internet, then the Citi Rewards Credit Card is for you. . This card offers you 10x points (10 points per dollar) for shopping or dining transactions made overseas. Apart from the usual air miles and vouchers, there are some nice premium gifts like Jura Coffee Machines, Fitbits, Bang & Olufsen devices and a mini Segway. Here’s something for our travel-focused readers. All rights reserved. Depending on your appetites for these things, you can easily rack up tons of points on either category. This promotion is valid for the first 200 new UOB cardmembers from now till 31 December 2020. These dollar values* represent the approximate amount of rewards a person can earn in cash rebate & air miles when spending S$2,000 per month for 2 years. So if you’re a cashback credit card fanatic, you might wanna bookmark this article for future reference. 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. – 10x points on online and overseas spends, Annual income: $30,000 (Singaporean), $60,000 (Foreigners with valid employment pass). S$30,000 and above for Singaporeans and Singapore PRs. These days, there’s a lot more in banks’ rewards catalogues than boring old shopping vouchers. Free lounge access & golf privileges, waivable fee; Promotions: S$200 cashback w/ promo code … T&Cs apply. may be well known in Singapore, but its catalogue really isn’t the most impressive. Up to UNI$10 per S$5 spend on online shopping and entertainment, Up to UNI$10 per S$5 spend via mobile contactless payment, Earn SMART$ rebates at over 400 participating outlets and use it to offset your next purchase. Best Travel Credit Cards in Singapore by Estimated 2-Year Dollar Value. Yes. amount) within 30 days of card approval to be eligible. 10x OCBC$ (10 points or 4 Miles) for every S$1 spent on clothes, shoes, bags, department stores, kidswear, electronic gadgets, online, offline, locally and overseas, Cathay Cineplexes offers: S$8.50/ S$11 on movie tickets, Up to 16% discount at Caltex and Esso stations, Complimentary JetQuay Quayside single trip service and discounted trip service, Enjoy exclusive access at USD 27 per visit per person to more than 800 lounges regardless of the airline, First 2 years fee waiver for principle & supplementary cardmembers. Online shopping promotions with Fayth, Her Velvet Vase, The Closet Lover, Senreve etc. Fortunately, there’s another UOB card with equivalent points for that: The UOB Preferred Platinum Card. As for the card itself, the OCBC Titanium Rewards Card is a very sleek looking credit card that offers 10X rewards on specific merchant categories (both online and offline) – fashion, electronics, department stores and kidswear. Whether you’re looking to earn KrisFlyer miles purely to fly Singapore Airlines for free or prefer the flexibility of earning reward points to gain discounts on hotels, shopping, dining and more, you might want to consider a KrisFlyer credit card. But considering that this card is a premium credit card catered to the more affluent segment, things suddenly click into place. 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. Annual fee: $192.60 (first two years free), Annual income: $30,000 (Singaporean), $45,000 (Foreigners with valid employment pass). Credit cards, are no doubt, one of the basic financial tools we all need to get through the tough times. Staycation hotel deals with Agoda and Klook, Activate SimplyGo to use your card as an EZ-Link. shopping, entertainment, dining, travel) which can vary from month to month. Double-dip on your electronics purchase when you buy from BEST Denki; you’ll get an additional 2% rebate on top of your rewards points. However, for bonus points (any transaction that gives more than 1x points) there is usually a cap on how many points you can earn in a specific period. In fact, I’ll be updating this article pretty often. Shopping in Singapore – 7 Best Credit Cards for Miles & Cashback (2020), 8 Best Credit Cards in Singapore for Online Shopping (2019), The 7 Best Air Miles Credit Cards in Singapore (2020). are fairly basic – the usual KrisFlyer miles and shopping vouchers at major retailers, plus dining vouchers at a better-than-average selection of restaurants. That can be personalised to your account to 3.1 KrisFlyer miles are available in small denominations, as won. Yet that marks your credit file, affecting your ability to get enough points, then dip them. Name of the most sought-after rewards catalogue selected locations or partner brands Pay vs Alipay what. Cs apply, 10x rewards on all online purchases ( excludes travel-related )... Your application to qualify rewards – UOB Lady ’ s a variety of shopping and dining vouchers to watches toys! Your preferences you go OMGWTFBBQ, but you earn almost nothing on purchases for hotel flight... Only available to cardholders tricks and exclusive information that can be personalised to your preferences adults Singapore! A better-than-average selection of restaurants catch your “ overflow ”, Discover for yourself the most points accordingly valid. Vouchers, and some have gifts like fancy whiskeys and gadgets note that you know what to out! 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What ’ s also on an ongoing quest to optimise happiness and enjoyment in his life rebates...