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I Own 5 Credit Cards. Here’s How I Use Each of Them to Maximise My Benefits

Do you have a similar combination of credit cards in your wallet? Share with us the credit cards that you have, and the reasons why you choose them. is an affiliate partner of, so we get a share of the revenue from your sign-ups.

Since we wrote three weeks ago about an awesome credit card promotion that we are currently collaborating with SingSaver on, I have received a handful of messages from friends asking me on which are the best credit card(s) that they should apply for.

Within the personal finance community of writers, I considered myself one of the weakest when it comes to credit cards hacks. Fellow writers like MileLion, SG Budget Babe and Cheerful Egg are much more knowledgeable when it comes to how you can use your credit cards in the smartest possible ways.

I prefer to think of the credit cards that I own as part of a team of credit cards designed to collectively give me the most benefits based on my lifestyle. At the same time, I do not want to be worried in having to track and meet minimum spend each month on my cards in order to extract all the benefits.

You do not need to agree with the cards that I am using. In fact, if you know your credit cards well, there is a good chance you can find a better combination compared to what I am using.

Read Also: Applying For A Credit Card Today? Here’s A Walk-Through of What We Did to Enjoy an Extra $100 NTUC Vouchers & Bonus Gift Vouchers

Firstly, You Should Have More Than One Credit Card

To start off, I think you should aim to have more than one credit card. If possible, get a card each from Visa, Mastercard and American Express. That’s because all of these companies roll out different kinds of promotions so having one of each will ensure that you always qualify for any promotions that are tied to each of these companies.

Here are the five cards that I currently own, and how I use each one of them.

# 1 OCBC 365

Purpose: Daily Essentials

I applied for the OCBC 365 when I first opened my 360 Account. The reason is simple; ensure that I hit the minimum spend of $500 each month on OCBC credit cards in order to enjoy the bonus interest on my 360 Account.

Even on its own, the OCBC 365 is a pretty powerful cashback card. Here’s a quick look at the benefits it offers.

Source: OCBC

The OCBC 365 is basically the main card when it comes to household essentials. All these spending is charged to the card. On an average month, if we spend about $1,000 as a family, we can expect a cash rebate of about $30 to $40.

# 2 OCBC Frank Card

Purpose: Transport

Though OCBC likes to market the Frank as a card meant for young adult, I will be frank (pun intended) in saying that it’s only in my wallet for two (good) reasons.

Firstly, it is my ez-link card and I use it for daily public transport. The second reason is that you can use it to tap for your parking fee as you exit from a carpark gantry. This has save me on occasions where I didn’t have enough money in my cashcard. I basically treat it (for now) as my main transport card.

# 3 Citibank Premier Miles Card

Purpose: Big-Ticket Item

While the two OCBC cards are useful for daily and monthly expenses, the Citibank Premier Miles Card is my preferred choice when it comes to big-ticket spending. These include the purchase of electronics, medical bills, flights and accommodation.

In addition, the Citibank Premier Miles comes with two lounge access pass each year, suitable for us to start our annual holiday trip in comfort. The miles accumulated do not expire, which is another big advantage.

# 4 Standard Chartered Unlimited

Purpose: Cash Rebate

The Standard Chartered Unlimited is the card I used whenever I am unsure of how much cash rebate my OCBC 365 will earn me. For example, if I were to pay for concert tickets or purchase toys, I will use the Standard Chartered Unlimited card. The advantage that the Standard Chartered Unlimited card also gives is that there is no minimum amount you need to spend in order to enjoy the 1.5% cashback.

# 5 American Express Krisflyer Card

Purpose: Business Related Expenses

When it comes to differentiating between personal and business-related expenses, I don’t take the time to differentiate between the two well. What usually happened in the past is that a lot of my business-related expenses ended up being paid by me personally because I do not always remember to claim them.

To keep things easier, I now charge all my business-related expenses to my American Express Krisflyer Card, which is now my designated business-related expense credit card. This allows me to accumulate more miles as an individual, on top of what I also enjoy from my Citi Premier Miles Card.

If you are someone who accumulate a fair amount of work-related expenses each month, it may be a convenient solution to simply designate one credit card for all your work expenses. This makes it much easier when it comes to claiming.

Apply for The Suitable Credit Cards That You Need

Most people always aim to apply for the “best credit card”. For me, the definition of “best” is what makes the most sense, based on what you already have, and your current lifestyle.

Apply for A Credit Card Today to Get an Additional $100 Voucher

From now till 31 December 2017, SingSaver is collaborating with DollarsAndSense to give card applicants an additional $100 voucher when readers apply through SingSaver for selected credit cards. These vouchers are given on top of any credit card sign up perks that you are already receiving from the credit card companies.

For the $100 voucher, you can choose from vouchers from NTUC Fairprice, Grab, Lazada and Qoo10.

Based on the list of credit cards that I have shared above, the Citi PremierMiles Card (new Citi cardholder) and the American Express Krisflyer Card are eligible for a $100 voucher if you were to apply for it through the link. So don’t miss out on this additional perk if you are intending to apply for any of these two cards. You can find the full list of credit cards in this list.

On top of that, you can also receive an extra $25 gift voucher if you sign up as a referrer and get your friends to apply through your referral code. Or you can choose to use our referral code of 1886420 to get an extra $25.

To find out more about this promotion, you can read our step-by-step walkthrough here.

What are the five credit cards that will be in your wallet if you could only choose five? Share with us your selection on our Facebook page and tell us why.


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