Best Credit Cards in Singapore 2016
As we are living in Asia’s top financial centre, many banks are trying their best to introduce and promote their best credit cards that suit the consumers’ spending style. The demand from expatriates for different types of credit cards to cater their daily needs are increasing as well.
As a result, banks in Singapore offer various types of credit cards with distinguishing features on categories such as cashback, travel, groceries, shopping, dining and entertainment to cater for different groups of customers.
Here’s the complete list of best credit cards in Singapore in the year of 2016.
Top 3 Best Cashback Cards
|Citibank Cash Back Card|
|ANZ Optimum World MasterCard Credit Card|
|OCBC 365 Credit Card|
Many of us often consider cashback feature as the main factor when choosing a credit card.
Here are the top 3 cashback credit cards in Singapore this year:
Citibank Cash Back Card offers up to 7.75% cash rebate every day on petrol, groceries and dining. On the other hand, Citibank offers up to 0.25% cash rebate for all other retail spends. Please bear in mind that you need to have a minimum spending of S$888 per month in order to enjoy those cashback rewards.
Applicants will need to have a minimum monthly income of S$2,500 whereas foreigners need to have at least S$3,500 every month to be eligible for this card. The annual fee for the first year is free as it’s waived. However, annual fee of S$192.60 for principal and S$96.30 for supplementary card will apply from second year onwards.
Do take note, cash rebate will be capped at S$25 per category for petrol, groceries and dining.
ANZ Optimum World MasterCard Credit Card offers a range of irresistible cashback on categories like shopping, dining, leisure, groceries and travel. At every beginning of a new calendar quarter, you will be able to select and earn 5% cashback on your preferred category. Beside that, you will also earn 1% cashback on other categories.
Annual fee is waived for the first year. Minimum monthly income requirement is S$6,667.
Cash rebate is capped at S$30 for each transaction. However, there’s no limit on the total cash rebate you can accumulate.
OCBC 365 Credit Card is probably one of the greatest cashback card in the market. For busy Singaporeans who always eat out, you may enjoy up to 6% cashback on weekend dining locally and another 3% cashback on weekdays dining local and overseas.
Besides, you are entitled up to 23.9% fuel savings at any selected petrol stations. Plus, there will be additional 3% cashback on essential spending like groceries, online shopping and telecommunications. This is an all-in-one card designed to suit your spending habits as it also provides 0.3% cashback on all your other expenses.
Annual fee will be waived for the first two years. Minimum monthly income of S$2,500 has to be met for Singaporeans and Singapore PRs while S$3,750 is required for foreigners.
Top 3 Best Travel Cards
|Citibank PremierMiles Visa Card|
|American Express KrisFlyer Credit Card|
|Standard Chartered Visa Infinite Credit Card|
Here are top 3 travel credit cards in Singapore that offers best travel-related benefits this year:
Citibank PremierMiles Visa Card allows you to earn up to 42,000 Citi Miles when you sign up and spend. You are eligible for a round-trip ticket to Maldives or Perth upon paying the first annual fee with a minimum spending of S$10,000 in the first three months.
To apply for this card, you need a minimum monthly income of S$4,167. The annual fee for principal card is S$192.60 and complimentary for supplementary card.
American Express KrisFlyer Credit Card allows you to earn miles faster. Any KrisFlyer miles earned on this card is directly credited into your KrisFlyer account without incurring any fees.
This card will certainly suit an avid traveller or flyer. Earning miles can never be easier as it comes with 5,000 bonus KrisFlyer miles on your first charge. You will also receive 3,000 KrisFlyer when you spend S$700 in the first six months.
First-year annual fee is waived, minimum monthly income of S$2,500 makes this card reasonably easy to own for most Singaporeans and PRs. However, the monthly income requirement is doubled at S$5,000 for expatriates.
Standard Chartered Visa Infinite Credit Card allows you to travel in style. This card has a high earn rate of up to 3 miles for every S$1 overseas spend and 1.4 miles per dollar on every local spend.
This card is specially designed to match frequent travellers needs as they can rack up thousands of miles. You will also receive 35,000 miles or 25,000 miles and S$100 Uber credits upon paying the first year annual fee of S$588.50.
The monthly income requirement for non-priority and private banking customers is on the high side at S$12,500. Whereas Singaporean priority and private banking customers are eligible to apply if they earn S$2,500 per month; expatriates must have a minimum monthly income of at least S$5,000.
Top 3 Best Groceries Cards
|UOB Delight Credit Card|
|Citibank SMRT Platinum Visa Card|
|Maybank Family and Friends Card|
Here are the top 3 groceries cards in Singapore this year:
UOB Delight Credit Card is one of the best daily essentials cards available in the market. This card gives you up to 8% rebate at Cold Storage, Market Place, Jasons, etc. when you spend at least S$800 per calendar month.
If you spend S$400 every month, you are entitled additional 10% off over 4,000 house brands products at Cold Storage, Giant and Guardian stores.
UOB Delight Credit Card has an annual fee of S$85.60 for principal card and S$53.50 for supplementary card. Annual fee will be waived for the first year.
To be qualified for this card, you need a monthly income of at least S$2,500 or place a fixed deposit of S$10,000 with the bank. Expatriates who are interested in applying for this card have to earn at least S$3,333 per month or place a fixed deposit of S$10,000 with the bank.
Citibank SMRT Platinum Visa Card is perfect for individual who often commute as they can redeem SMRT$ and convert it for free rides and shopping vouchers. It is one the hottest cards in the market that offers up to 15% savings on groceries, coffee, toys & books, health and beauty.
When you’re doing your groceries shopping at FairPrice Supermarkets, Giant and Shen Shiong, you will enjoy rebate up to 7%. A super fan of coffee? You are now blessed with up to 15% discounts at selected cafes including Starbucks and The Coffee Bean & Tea Leaf.
Annual fee for the first two years is waived. To apply for this card, you will need to have a monthly income of S$2,500, while for expatriates a monthly income of at least S$3,500 will be required.
Maybank Family and Friends Card is best recommended for frequent travelers between Singapore and Malaysia. This card has a unique feature of providing 8% discounts on grocery shopping in Singapore and Malaysia when you spend a minimum of S$1,000 per month. You will also save up to 8% when fueling up at leading petrol stations in both countries.
Annual fee is charged at S$80 for principal card but waived when you meet a minimum annual spend of S$12,000.
To apply for Maybank Family and Friends Card, Singaporeans and PRs need a minimum monthly income of S$2,500, S$3,750 for Malaysians and S$5,000 for expatriates from other countries.
Top 3 Best Shopping Cards
|Citibank Rewards Card|
|OCBC Robinsons Group Credit Card|
|Standard Chartered SingPost Platinum Visa Credit Card|
As we are approaching new year, there will be many exciting offers and deals await us especially from shopping mall. With the right choice of shopping credit card, it will benefit you by saving substantial amount of money on your retail transactions and online purchases.
Here are the top 3 shopping credit cards in Singapore this year:
Citibank Rewards Card is the must-get card in town for shopping. You will be generously rewarded with 10 points or 4 miles for every S$1 spent when you shop locally or globally. However, 10 times rewards feature is capped at a maximum of 120,000 points per card anniversary year.
The annual fee for principal card is S$192.60 and S$96.30 for each supplementary card.
A minimum monthly income of S$2,500 is required for Singaporeans and PRs while foreigners have to meet the monthly income requirement of S$3,500.
OCBC Robinsons Group Credit Card is designed for retail shoppers as you can enjoy 5% rebate over 90 selected stores. You can now enjoy higher rebate of 10% when you spend above S$5,000 at Robinsons, Marks & Spencer and John Little.
This card also allows you to earn 1 Robs$ for every S$1 spent outside of the stores of 19 retail brands and 3 Robs$ for every spent globally. Thus, accumulated Robs$ can be used to offset your shopping bills. Indirectly, it will save you money for your retail therapy trips!
Annual fee for principal card and supplementary card is S$192.60 and S$96.30 respectively.
However, annual fee will be waived for the first year. The minimum monthly income requirement is S$2,500 for Singaporeans and PRs while foreigners will need to have monthly income of S$3,750.
Standard Chartered SingPost Platinum Visa Credit Card will suit online shoppers best as it offers 7% cashback for online purchases. Besides, you will also be rewarded with 2% cashback for groceries and 0.2% cashback for other retail spend.
Furthermore, you can enjoy special discounts at vPost and SingPost. To qualify for cashback of S$60, you have to spend at least S$600.
The annual fee for principal card is waived for 2 years, and supplementary cards are free for life.
Income requirement is at least S$2,500 per month (if you are a Singaporean or Singapore permanent resident); or at least S$5,000 per month (if you are a foreigner).
Top 3 Best Dining Cards
|American Express Platinum Credit Card|
|CIMB Visa Signature|
|HSBC Advance Visa Platinum Card|
Most of us are willing to spend big bucks on our favourite food or any mouth-watering food in restaurants, cafes and food court. Before you do that, make sure to sign up for a dining credit card that gives you the best discounts and offers while enjoying your delicious meal and make the most out of your dollar.
Here are the top 3 dining cards that will help you do just that:
American Express Platinum Credit Card is the best dining card in town as this card comes with a complimentary. The Far Card Membership that worth S$425. The Far Card offers up to 50% discounts on dining.
On top of that, you can indulge yourself with platinum dining experience i.e. Love Dining @ Restaurants, Love Dining @ Hotels and American Express Global Dining Program.
The annual fee for principal card is S$321 but you can choose either to waive fee and receive Samsonite Luggage or bear the full fee while receiving welcome gifts. The fee for supplementary card is S$160.50 with the first 2 cards’ fee permanently waived.
To apply for this card, Singaporeans and PRs need to have a minimum monthly income of S$4,167 whereas expatriates need to have earnings of S$5,000 per month.
CIMB Visa Signature gives you 10% cash rebate on wine and dine and online shopping in foreign currencies. To enjoy the 10% cash rebate, you will need to fulfill a minimum spend of S$500 and 8 transactions of S$30 or more within the same calendar month.
Whether you’re traveling to Malaysia, Indonesia or Thailand, you can enjoy special discounts at over 600 merchants. You will also be rewarded with unlimited 0.2% cash rebate for any local and overseas spend with no minimum spending required.
The annual fee for principal card is free and supplementary card fee will be waived for the first year. The minimum monthly income requirement is S$2,500 for Singaporean and Singapore PR and S$1,250 for seniors aged 55 years and above whereas foreigners need to have a minimum income of S$4,000 per month.
HSBC Advance Visa Platinum Card is a free for life card which is designed exclusively for existing HSBC Advance account holders. It offers 10 times rewards points on dining, online and entertainment bills. On top of earning up to 10 times Rewards points, you can also enjoy exciting promotions including 1-for-1 dining offers, 9% off hotel bookings and up to 16% fuel savings at selected petrol stations.
This card is exclusively available for HSBC Advance account holders with a minimum monthly income of S$2,500 for Singaporeans and PR and S$3,333 foreigners.
If you do not fulfil the income requirement, you may place a minimum Fixed Deposit Collateral of S$10,000 with the bank to be qualified.
Top 3 Best Entertainment Cards
|HSBC Revolution Credit Card|
|Citibank Clear Card|
|OCBC Titanium Mastercard|
Here are the top 3 entertainment cards in Singapore this year:
HSBC Revolution Credit Card allows you to earn 5 times Rewards on entertainment, dining and online transactions. With 5 times accelerated earn rate, this card boosts your rewards points faster without any minimum spending required. In addition, you can enjoy a host of privileges including movie tickets starting from S$7 with HSBC’s Movie Card, additional 7% off at Agoda and 15% discounts at Zalora Singapore.
This card has an annual fee of S$150 for the principal cardmember but it will be waived for first 2 years whereas supplementary cards will be free from annual fee.
To apply for this card, your monthly income must be at least S$2,500 for Singaporeans and PRs. For self-employed and foreigners, you need at least S$3,333.
Citibank Clear Card is generally designed for tertiary students as there’s no minimum income is required to own this card. You will be allowed to enter Zouk for free by showing this card at the entrance. Also, reward yourself with complimentary 1-for-1 drinks at Wine Bar or Velvet Underground – Dance.
The annual fee for basic card is S$29.96 and will be waived for first year. You would need to be at least 18 years old and currently a tertiary student from the selected education institutions in Singapore.
If you are below the age of 21, parent or guardian’s consent is required to guarantee for the payment of outstanding balances.
OCBC Titanium Mastercard gives you dual benefits in terms of travelling and entertainment privileges. With this card, you will be receiving priority entry and great discounts at Peach Garden and Paradise Group.
Furthermore, this card allows you to earn up to 2 air miles for every S$1 spent globally and up to 1 air mile for every S$1 spent locally with a minimum spend of S$1,500 in a month. If you do not fulfil the minimum spending criteria, you will still be able to earn 3 times OCBC$ on your overseas spend and 1x OCBC$ on your local spend.
The annual fee is S$192.60 for principal card and S$96.30 for supplementary card. To apply for this card, a minimum monthly income of $2,500 is required for Singaporeans and Singapore PRs and S$3,750 for foreigners.