https://www.americanexpress.com/sg/credit-cards/true-cashback-card/, https://www.citibank.com.sg/gcb/credit_cards/rewards-credit-card.htm, https://www.sc.com/sg/credit-cards/unlimited-cashback-credit-card/, https://www.hsbc.com.sg/credit-cards/products/visa-platinum/?promo=AFF1200158&. you want a card just for shopping? If there’s one mystery card to rule them all, it’s the almost mythic AMEX Centurion, otherwise known as the Black Card. But we chose this as one of the best credit cards in Singapore for more than that. All other spend earns 1x points (0.4 mpd). Visit Site. PAYMENT NETWORK. According to MAS regulations, for most Singaporeans, the max credit limit is usually up to x4 of your monthly income. Yes, you can. They have an attainable ~$150 cashback sign up bonus when you spend $1200 on your card in 30 days (you’ll need to apply for the Cashback and Ready Credit Card as well to enjoy this promotion). Submitting your card info online does not guarantee the reservation is processed online ... What are the best cards … VISA. By Aaron WongAaron started The MileLion to help people travel better for less and impress “chiobu”. Because of various credit card-related scams, banks will immediately notice any transactions made with your card if they originate from a different country. Annual fees here are upwards of an eye-popping $3,000, for which cardholders can expect bespoke service, free hotel stays, beck-and-call concierge assistance, and invitations to exclusive closed-door events like watch shows and luxury car launches. Cardholders get a paltry 0.87 mpd on all spending, with the exception of EXTRA merchants like Bulgari, Cartier and Tiffany & Co, where you earn 7.1 mpd. The customer service officer are approachable, and its easy to have the waiver of the annual fees. Are you a business owner who’s looking for a business credit card to help free up your […]The post Best Business Credit Cards In Singapore … Looking for the best credit cards in Singapore? This card earns you 10x points (4 miles per dollar) on shopping and online spend, which is great for those times when you really need to shop! (c) the card issuer has obtained security or legally binding undertakings, or taken any other action, to ensure that, unless and until the amount that is outstanding on the credit card or charge card and all supplementary cards is not more than the difference between the credit limit of the credit card or charge card … There were lots of discounts /rebates relating to Citibank credit card. What makes this credit card great is that every purchase comes with a cashback of at least 1.5%, making sure that you save some money on every transaction made. Lots of families have enjoyed the benefits and rewards of having the HSBC Platinum Card.Here’s what Kathlyn L. has to say about the card and why she thinks it’s one of the best Singapore credit cards for families: “Yes I think this card can be quite useful for everyday spending because it has specific deals targeted at household expenditures such as a 5% cash rebate on family, dining and fuel spending. Do this at least once or twice a week. No longer need to hit the minimum amount of spending, good for flexible spenders. Most credit card banks offer online credit card applications. A win-win situation for everyone. You get it to enjoy a laundry list of benefits, including: There’s a ton of other unpublished benefits, including a concierge supposedly capable of doing anything (legal) for you and invitations to black-tie events where the champagne and goodie bags flow freely, but that’s the extent of my knowledge. To know more information about the application process for a credit card, visit the respective bank’s official website. Do note this covers airfare only, not taxes and airline surcharges, so it’s not completely free. No Application. The credit limit … However, you will need to provide the issuing bank with proof that you are financially-capable of paying off credit card dues. On top of this, cardholders can also enjoy exclusive discounts that the entire family can enjoy. Discover will automatically match all the cash back you've earned at the end of your first year! It dwarves all the other cards we’ve mentioned here, although if you qualify for a Centurion, an initiation fee that’s roughly a third of the annual median Singapore income is not going to phase you.Surprisingly enough, the Centurion doesn’t have particularly good miles earning rates. The cardholder then promises to pay back the amount of money borrowed from the bank on the bill’s due date, plus other applicable charges. Daniel, a frequent traveler, shares his experience: “They also have an extremely user-friendly and secured mobile app which helps you track your bills, card spent and miles earned/rewards at ease.”. Sign-Up Bonus: The ANZ Travel Visa Signature Credit Card … Student credit cards work a little differently from the regular ones in the sense that they usually come with a lower credit limit to protect the bank from default risk. Quick Suggestions for the Best Credit Cards in Singapore, Best Credit Cards for Shopping in Singapore, Best Credit Cards for Petrol in Singapore, Best Credit Cards for the Frequent Traveler in Singapore. At the $30,000 mark lie the entry-level cards. You get to enjoy complimentary travel insurance when you use this card to pay for your airfare. The fastest way to get a credit card is to apply for a secured credit card. Check out popular credit, debit and prepaid cards from DBS Bank. You can also earn a rebate of up to 10% on different locations like Starbucks and Sheng Shiong. The best credit cards in Singapore also offer incentives for those with good credit scores such as the increase of your credit card’s spending limit, easier loan applications, and more. So exclusive is this segment that many of the offerings are not well known, but in this post, I’ll share with you what is known about these cards, their benefits, and what you have to do to get one. I use this card specifically for that purpose. Every First or Business Class ticket purchased with the ULTIMA is entitled to complimentary airport meet and assist services, as well as free one-way airport transfers. Here’s what Randy C. thinks of the Citi PremierMiles Card: “Miles never expires. To qualify for a DBS Insignia, you need an income of at least $500,000, or a private banking relationship with DBS (minimum Assets Under Management: $1.5M). Although different credit cards have different requirements, most credit cards require a minimum annual income of S$30,000 or higher. “This card would be great for a minimalist like me, who seldom spend, as there’s no minimum spend to hit. The credit limit you get upon ownership of the Insignia Visa card is double of that at a cool $1 million. However, those who have an annual income of at least S$120,000 (or net personal assets of at least S$2 million, or net financial assets of at least S$1 million) are entitled to no regulatory credit card limits. That, plus an annual fee of $3,210, earns you a card that literally has your name on it — it comes laser engraved. If you need to use your card on something really expensive, you may ask for a temporary credit limit increase. Share it with us in the comments below! A step above is the $120,000 segment, where annual fees range between $500 and $700, and banks start to get serious about card perks. Credit cards are fine and dandy, but sometimes you have to rely on cash in certain emergency situations. Only works if your reservation is fully prepaid online. Different business credit cards exist to suit different business needs and goals. Rewards: Travel on private jets or charter … Very efficient when it comes to fraud cases. I found and applied for a cashback card easily on their website. ANZ Travel Visa Signature Credit Card. You won’t be seeing advertisements (or SingSaver sign up deals!) In addition, annual fees can also be waived for 2 years, unlike most credit cards. If you’re hoping to get a Centurion, it may interest you to know that the total number of members in Singapore is allegedly capped at 1,500. One more step above that is the so-called “$500,000 segment”, which is a bit of a misnomer because although some of these cards explicitly have $500,000 income requirements, others are invitation-only. However, many cardholders have reported successfully getting a higher … AMEX Platinum Reserve Card; This is also one of the coveted credit cards that one can acquire in Singapore. Of course, you’ll need good to … If you’re a shopaholic and would like to take advantage of various promos and rewards, then these credit cards would be perfect for you: To know more on how to maximize your spending with these cards, you may want to read our picks for The 5 Best Cashback Credit Cards in Singapore! Annual fee: $1,500. Their customer service is also probably one of the best among all the CC in Singapore. The Singapore credit card market can be roughly divided into three segments based on income requirements. A credit card allows the cardholder to borrow money (up to a certain limit) from the bank. The regulatory institution that oversees this is the Monetary Authority of Singapore (MAS). Also, avoid using shared devices when making transactions. With the best…, The Best Credit Cards in Singapore for All Needs , Difference Between Credit Cards and Debit Cards, The Best Credit Cards in Singapore Overall, 3. When a lender reviews your credit report and compares your total available credit with your income, having a credit limit higher than your income can support is a red flag to the credit … Those who love to travel and shop can reap in the benefits of this card. Cardholders can even enjoy these airlines’ frequent flyer and hotel loyalty programs, a few of a jet-setter’s most beloved perks! Using this card also rewards you with Citi Miles, where 1 Citi Miles equates to a mile with Asia Miles, Qantas, and other airlines. It comes with a complimentary stay at Village Hotel Sentora in a deluxe room worth more than S$360. Among other things, it also comes with a welcome bonus in the form of a 3% cashback on a minimum purchase of S$5,000 in the first 6 months. A credit card is a type of payment card issued by a bank that allows the cardholder to borrow money to buy goods and services. Cardholders earn 1.6 mpd locally and 2 mpd overseas, with no transfer fees to airline or hotel loyalty programs. I use this card to pay for electricity and telco bills, which are also eligible for cashback!”. If you’re planning to make a big purchase, a credit card may be your best option. Citibank has a wide range of different airline partners so one doesn’t have to stick to one airline when redeeming for miles! Paying the minimum payment only will slowly generate interest and will cost you more in the long run. Annual fees (usually waivable) fall in the $200 range, and there isn’t much in the way of additional benefits. In July 2017, I wrote a post called The $120K Credit Card Showdown, which till today remains one of the most-read articles on The Milelion.In it, I weighed the pros and cons of six cards in … Of course, you want to have the highest possible credit card limit … Oh, did i mentioned? Your card will be cancelled within 5 mins and you’ll receive a new card in roughly 3 working days. One of the recurring praises this card has received is that it is convenient and hassle-free to use. I’m below 18 years old. If you find yourself spending a lot of money on petrol every month, you can reap rewards by getting these credit cards: To learn more about how you can save petrol money with these credit cards, check out our list of The 5 Best Credit Cards for Petrol in Singapore! According to Dirl, here’s the reason why he considers the Amex True Cashback as one of the best credit cards in Singapore: “I like this particular cashback card as it has many other offers like SPC cashback, Lazada cashback, SP cashback, AMEX Pay cashback from time to time and the barrier to receive this cashback is relatively low. But no one gets the Centurion to earn miles. But what if your needs are a bit more specific, e.g. Another thing that makes this one of the best credit cards in Singapore is that there’s no minimum spend. Here’s why some customers consider the Standard Chartered Unlimited Cashback Card as one of the best credit cards in Singapore you can get: According to a satisfied customer named Jayden: “Any amount of cashback! Every year, thousands of people fall victim to various credit card-related scams and crimes. Highly recommended!”. In Singapore, you’ll enjoy a Club at the Hyatt membership which gives up to 50% off dining and special room rates at Hyatt hotels worldwide. Officially launched in 1999, the card was a response to urban legends that circulated in the 80s and 90s about a supposedly super-exclusive card that AMEX only issued to billionaires and celebrities. How much do I need to earn to get a credit card? Take note of every single purchase made with your card and make sure that you recognize each one. The Citi PremierMiles Card is considered as one of the best credit cards in Singapore, especially for travelers, because of its generous travel perks. For its annual fee, you only have to pay S$171.20, which is automatically waived for the first year. … If you want to avoid falling prey to such illegal activities, check out these tips: Look over your credit card transactions frequently. The qualification criteria is as opaque as the card itself. You can call in to waive for another 1 year.”. The AMEX True Cashback Card is arguably one of the best Singapore credit cards, earning many praises from its loyal customers. At what age can you get a credit card in Singapore? 109 Reviews. Yes, you can. Like most financial products, credit cards come in tiers and there are a number in Singapore reserved for the very few. Standard Chartered Unlimited Cashback Card. Standard Chartered is one of the most trusted banks in Singapore, offering a wide variety of credit cards for all types of customers. No Minimum. At the $30,000 mark lie the entry-level cards. There is an ongoing sign up bonus of $350 cashback or 30k points with conditions when you apply directly from Citibank. Each cardholder will receive an unlimited Priority Pass, and UOB periodically offers special tie-ups with airlines to provide upgrades. On top of that, it also rewards frequent travelers. The Centurion card in Singapore has its annual fee of S$7,490 (US$5,992) with an unlimited credit limit. UOB Reserve cardholders who still need more miles can buy as many as they want (subject to their credit limit) at 1.9 cents each through the UOB Reserve Payment Facility. If you use your credit card often and always pay on or before the bill’s due date, there’s a good chance that your credit score will be good or improve. Did we miss anything in our lists? However, while the UOB Reserve caps this benefit at once per quarter (and at $400), the ULTIMA allows up to two complimentary nights per “outward bound trip”, and no dollar value cap. The largest purchase ever made using this card was on a $36 million for a rare porcelain chicken cup. To help you in choosing the right credit card, we’ve provided a list of the best credit cards in Singapore.Along with the list, we also saved you a few clicks by compiling the requirements, perks, and related charges and fees for each card.Stick around until the end to check out our credit card suggestions list for different types of spenders. Based on an average monthly spend of S$2,000, we analysed the best credit cards on the market to estimate returned value-to … A customer named Xinyu considers the Citi Rewards Card to be one of the best Singapore credit cards and sums up their Citi Rewards experience in a short-but-sweet review: “My preferred credit card! The Citi ULTIMA requires a minimum income of $500,000 a year, or at least $5M AUM with Citibank. For example, cardholders can enjoy a one-way upgrade to First Class when they book a Business Class ticket on British Airways to or from Singapore. There’s a further $4,160 annual fee on top of that, which gets you 150,000 miles each year you pay it. Compare the Best Credit Cards for Expats in Singapore by Dollar Value. Their customer service via app livechat was superb and efficient!! Among their credit card line-up, our top pick for the one of the best Singapore credit cards is the Standard Chartered Unlimited Cashback Card. 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