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

Multiple credit cards can be used as a “team” to give you the best bang for your buck. Here’s one way you can configure your cards.

This post was updated on 10 September 2018 to include updated information. is an affiliate partner of, so we get a share of the revenue from your sign-ups.

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.

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 PremierMiles Card

Purpose: Big-Ticket Item

While the two OCBC cards are useful for daily and monthly expenses, the Citibank PremierMiles 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 PremierMiles 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.

Exclusive Credit Card Promotion Till 30 September 2018 

If you are looking to sign up for any Standard Chartered, American Express or Citibank cards, SingSaver has an exclusive promotion for a limited time till 30 September 2018.

For every successful Citibank Card sign up (New Citi Customers Only), you will receive $200 in NTUC Or Takashimaya Voucher from SingSaver. For existing customers, you will receive $50 in NTUC Voucher.

These are the eligible Citibank cards. You can click on the link below to sign up through SingSaver.

  1. Citi Cashback
  2. Citi PremierMiles
  3. Citi Reward
  4. Citi SMRT Card

For every successful Standard Chartered Card sign up (New customers only), you will receive $150 in cash from SingSaver. For existing Standard Chartered customers, you will receive $100 in cash.

These are the eligible Standard Chartered cards. You can click on the link below to sign up through SingSaver.

  1. Standard Chartered Unlimited Card
  2. Standard Chartered Spree Card
  3. Standard Chartered Reward +

For every successful American Express sign up, you will receive  up to $150 in cash from SingSaver. This applies for both new and existing cardholders.

These are the eligible American Express cards.You can click on the link below to sign up through SingSaver.

  1. American Express Singapore Airline Krisflyer Card
  2. American Express True Cashback Card
  3. American Express Krisflyer Ascend Card
  4. American Express Capitacard ($100 cash reward)

The above rewards are a SingSaver exclusive and you must apply through SingSaver AND complete the redemption form to qualify for them. Promotion ends 30 September 2018 and terms and conditions apply.