Complete Guide To Choosing
Credit Cards in Singapore.



FACT: Choosing a credit card isn’t as straightforward as it should be.
Often, the “best credit card” is a function of your income level, spending habits, and type of rewards/benefits you want.
We created this guide to explain all you need to know when choosing a credit card to apply.
If you already know what cards you want, receive exclusive sign-up perks of up to $150 in cash and $120 in cashback from SingSaver. Offer good till 31 May 2018.
See Special Promotions!

What Cards Do You Qualify For?

There is no point researching extensively on what are the best cards if you are unable to apply for it.

For example, the Citibank Premier Miles Card is one of the most popular miles card in Singapore. However to qualify for it, you need an annual income of $50,000. If your annual income is below it, you won’t qualify for the card.

Instead, what you can do instead is to apply for other miles cards such as the American Express KrisFlyer Card, which has a minimum annual income requirement of $30,000.

In general, most credit cards require an annual income of at least $30,000. However, there are some cards which are available for those who earn below $30,000.

Here’s an example of cards that you can apply for based on different level of annual income.

Annual Income
Cards You Qualify For
Citibank Clear Card, Maybank eVibes
Bank of China F1RST Card
MayBank World Mastercard, Bank of China World Mastercard
Above $80,000
OCBC Voyage Card ($120,000), Standard Chartered Visa Infinite ($150,000), HSBC Visa Infinite ($250,000)


Know Your Spending Habits

Different credit cards provide perks for different types of spending. A card that works well for someone else may not necessarily be a good card for you if the type of spending you make is different. Here are some factors you should consider.
Minimum Spending

Some cards require you to hit a minimum spending before they become valuable.

If you are not confident of achieving the minimum spend, it may make more sense to use a card that gives you a rebate with no minimum spending.



Miles or Cashback?

Miles – You can use a credit card that gives you miles for every dollar you spend. These miles can be used to redeem for flights. If you travel at least once every two years, using a miles card like the Citibank PremierMiles Card will be useful.

Cashback – You can use a credit card that gives you a cashback for every dollar spent. If you are someone who may not travel often, maximising your cashback return through a card like the Standard Chartered Unlimited Card will be a sensible choice, since you are enjoying definite cash savings for every purchase you make.

Apply at the Right Time to Maximise Rewards

Some credit cards give you very attractive sign-up benefits if you accumulate a minimum spend in the first few months of signing up.

For example, new Citi Credit Cardmembers can earn up to 42,000 miles through the Citibank PremierMiles Card if they spend $10,000 within their first three months of receiving the card. While $10,000 is no small sum, it can easily be attained if you are looking to pay for a big-ticket item, such as your wedding banquet, a European getaway, or new furniture for your BTO.

Most credit cards also give some form of welcome offers. These include cashback, gifts or bonus miles. At times, they may give additional promotions on top of the regular welcome offers.


May Special:

SingSaver is offering exclusive sign-up perks on top of welcome bonuses by individual banks. Receive $150 in cash and up to $120 of cashback - just for signing up! Offer good till 31 May 2018.