Compare The Best Credit Cards With Cashback, Rewards, and Lifestyle Perks.

Finding the Best Credit Cards in Singapore (2022)

Best Miles Credit Cards

AMEX KrisFlyer

AMEX KrisFlyer
Best Features
  • Bonus miles and cashback offers
  • Waived annual fee on the first year
  • No transfer fee on Conversion
  • Free Travel Insurance
Eligibility
  • At least 21 years of age
  • Singaporean or Resident – at least $30,000 annual income
  • Expatriate – annual income of at least $60,000.
Annual Fee
  • $176.55 (inclusive of GST)

Citi Premier Miles

Citi Premier Miles
Best Features
  • No Expiry on Citi Miles
  • Welcome gift offer for first-time applicants
  • Best for Overseas spending ($1 = 2 Citi Miles on foreign currency spend)
  • Free Travel Insurance
Eligibility
  • At least 21 years of age
  • Singaporean or Resident – at least $30,000 annual income
  • Expatriate – annual income of at least $42,000.
Annual Fee
  • $192.60 (inclusive of GST)

DBS Altitude

DBS Altitude
Best Features
  • No Expiry on Miles earned
  • Earn bonus miles when you spend online
  • Airport Lounge Access
  • Enjoy exclusive offers
  • Free Travel Insurance
Eligibility
  • At least 21 years of age
  • Singaporean or Resident – at least $30,000 annual income
  • Expatriate – annual income of at least $45,000.
Annual Fee
  • $192.60 (inclusive of GST)

HSBC Visa Infinite

HSBC Visa Infinite
Best Features
  • Unlimited Airport Lounge Access
  • Sign-up bonus
  • Luxury Travel – VIP treatment when you travel
  • Referral Program
Eligibility
  • At least 21 years of age
  • Singaporean or Resident and expat – annual income at least $120,000
Annual Fee
  • $650 (inclusive of GST)

Standard Chartered X

Standard Chartered X
Best Features
  • 30,000 air miles upon payment of annual fees
  • Flexible redemption
  • Priority Pass Lounges around the world
  • Hotel & Resort Privileges
Eligibility
  • 21 to 65 years old
  • Singaporean or Resident and expat – annual income at least $80,000
Annual Fee
  • $695.50 (inclusive of GST)

Best Cash Back Credit Cards

Citi CashBack+

Citi CashBack+
Best Features
  • Welcome Bonus
  • 1.6% Cashback
  • No minimum spend required
  • No cap on cashback earned
Eligibility
  • At least 21 years of age
  • Singaporean or Resident – at least $30,000 annual income
  • Foreigner – an annual income of at least $42,000.
Annual Fee
  • $192.60 (inclusive of GST) -first year waived

HSBC Advance

HSBC Advance
Best Features
  • Up to 2.5% cashback on all customers and up to 3.5% for advance banking customers
  • No minimum spend required
  • Access to VISA signature Privileges
Eligibility
  • At least 21 years of age
  • Singaporean or Resident – at least $30,000 annual income
  • Self-employed, Commission based Singaporean/PRand Foreigners- an annual income of at least $420,000.
Annual Fee
  • $0 for HSBC Advance Banking Customers

American Express True Cashback

American Express True Cashback
Best Features
  • 1.5% cashback on all purchases
  • Welcome Bonus
  • Unlimited cashback – no minimum spend and no earn cap
  • Additional cashback on foreign currency
Eligibility
  • At least 21 years of age
  • Singaporean or Resident – at least $30,000 annual income
  • Expatriate – annual income of at least $60,000.
Annual Fee
  • $171.20 (inclusive of GST) – waived on the first year

Standard Chartered Unlimited Cashback

Standard Chartered Unlimited Cashback
Best Features
  • 1.5% cashback on all purchases
  • No minimum spend
  • No cashback cap
  • Cashback signup gift
  • 1% cashback on approved funds transfer amount
Eligibility
  • 21 to 65 years old
  • Singaporean or Resident – at least $30,000 annual income
  • Foreigner – annual income of at least $60,000.
Annual Fee
  • $192.60 (inclusive of GST) – waived on first two years

UOB One

UOB One
Best Features
  • Up to 5% on all spend
  • Up to 10% on grab spend
  • Up to 6% rebate on Singapore Power Utilities Bill
  • Additional Cashback with UOB Smart$ rebate programme
Eligibility
  • At least 21 years old
  • Singaporean or Resident – at least $30,000 annual income
  • Foreigner – annual income of at least $40,000
Annual Fee
  • $192.60 (inclusive of GST) – waived on the first year

Best Reward Credit Cards

Citi Rewards Card

Citi Rewards Card
Best Features
  • 10x rewards on all online and shopping purchases
  • 1x on other spending
  • 10x rewards on rides with Grab, Gojek, and more.
  • Welcome gift of up to $350 cashback as you spend or 30,000 points as you spend
  • Points are flexible to use for any purchases
Eligibility
  • At least 21 years of age
  • Singaporean or Resident – at least $30,000 annual income
  • Foreigner – annual income of at least $42,000
Annual Fee
  • $192.60 (inclusive of GST) -first year waived

Standard Chartered Rewards + Credit Card

Standard Chartered Rewards + Credit Card
Best Features
  • Up to 10x reward points for every $1 in foreign currency on overseas retail, dining and travel
  • Up to 5x rewards points for every S$1 spent on dining
  • Up to S$100 cashback sign-up when applying via MyInfo
Eligibility
  • At least 21 years of age
  • Singaporean or Resident – at least $30,000 annual income
  • For Foreigners- annual income of at least $60,000. And must be holders of P1, P2 or Q type Singapore Employment
Annual Fee
  • S$0 for the first 2 years and S$192.60 after 2 years.

Maybank World Mastercard

Maybank World Mastercard
Best Features
  • 10X reward points for every dollar spent on selected merchants
  • Get S$100 Cashback welcome offer and for every specified minimum spending
Eligibility
  • At least 21 years of age
  • Singaporean or Resident and Foreigners – at least $80,000 annual income
Annual Fee
  • S$240 for principal card holder and free for supplementary

OCBC Titanium Rewards Credit Card

OCBC Titanium Rewards Credit Card
Best Features
  • Get up to 50 OCBC$ (worth 20 miles) for every S$5 spent on certain online and retail purchases
  • Get up to 5 OCBC$ for other spending
  • Cash rebate offers on partner merchants
  • 1% cashback on the approved funds transfer amount
Eligibility
  • 21 to 65 years old
  • Singaporean or Resident – at least $30,000 annual income
  • Foreigner – annual income of at least $45,000.
Annual Fee
  • $192.60 – waived on the first two years

Citi Lazada Credit Card

Citi Lazada Credit Card
Best Features
  • Get up to 10x rewards on Lazada spend
  • Up to 5x rewards on dining, travel, entertainment, and commute
  • Earn shopping rebates on Lazada spend
Eligibility
  • At least 21 years old
  • Singaporean or Resident – at least $30,000 annual income
  • Foreigner – annual income of at least $42,000
Annual Fee
  • $192.60 (inclusive of GST) – waived on the first year

For our ‘top listings,’ we ensure that we provide the latest and accurate information, but you may confirm any details with the featured financial institutions. The information may vary from other websites, but listings are results of our objective analysis based on the standard set of criteria. All ‘financial products/services’ are presented without warranty.

The Ultimate Guide in Choosing
the Best Credit Card in Singapore

Searching for the best credit card in Singapore? With EasyFind we feature the top credits and let you uncover how to choose the best credit cards in Singapore. Take advantage of the best features of each credit. We’ll help you find the right one according to your lifestyle.

Types of Credit Cards in Singapore

In Singapore you can find three major types of credit cards which have unique offerings. They can be categorised into 3 main types. Each type specialises according to a buyer spending type or has feature that can suit their lifestyle. These cards can be categories in the following:

Miles Credit Card

This type of credit card is popular in Singapore since it rewards you with air miles for every dollar spent. Air miles earned can then be used to redeem for flights, seat upgrades or even hotel and resorts privileges. So, if you loved traveling, you’ve got to have this type of credit card to gain privileges.

Cashback Credit Card

A cashback credit card or known as rebate card will reward you with you with cash into your card every time you spend using that credit card. The cashback is equal to the advertised percentage of a given product or service. For example, during your grocery shopping for every S$100 you spend you get a 5% cashback which is credited on your account.

Rewards Credit Card

A reward credit card is also known as points credit cards and notable for being a shopper card. When you this type of card you can earn points for every dollar you spent. This point can also be equivalent to certain miles rewards. As you earned points, you can have the flexibility to choose the reward gift or based on selected merchants or vendors.

Understanding the Payment Network Types

Oftentimes we can hear about Visa, Mastercard and American Express (AMEX) card and you might be wondering if what are the differences with these cards. When we talk about Visa, Mastercard and AMEX, these are the three large global payment networks. These means that they are the back-end support to make credit card payment possible around the globe or in selected countries.

What are the differences between Visa, Mastercard and AMEX?

With Visa and Mastercard they are popular to use around the globe because of its worldwide acceptance. We can almost see this payment network type in almost all online and offline stores. These cards are notable for being convenient, easy, and secure to use. Among the two cards, Visa is the most widely accepted card in the world, present in over 200 countries.

AMEX is less widely accepted since it can only be used for about 140+ countries. However, we can still notice its wide usage due to fact that it highly values their customer service and it also popular for having its own credit card even it is not a bank.

Therefore, whatever payment network type you choose, it has its own edge and they are highly regarded for their security features.

Major Fees to Consider

Aside from the payment network types, you might also wonder if what are the fees involved when getting a credit card. And, yes, there are various types of fees that you need to consider when having a credit card. Take in mind that it is not only about annual fees, there are also other fees tat you have to consider.

Annual Fees

This is a fee being paid annually. However, some of the credit cards may waived the initial annual fee and may continue after the next years.

Foreign Transaction Fees

This fee is applied on your overseas spending. This may apply while you’re on a travel or making a payment on a foreign website. This can mean on top of your prevailing foreign exchange rate which can be about 2.5% to 3%.

Balance Transfer Fees

This fee is added when you opt to move your balance from a card to another one. This may take about 2% or up to 4% based on your transferred amount.

Cash Advance Fees

There are some credit cards that allows you to withdraw cash from ATMs and cash advance fee is applied for this purpose. It can take up to 6% of your transaction amount. So, you have think carefully before taking a cash advance using a credit card, interest may be added and over 2% of your transaction amount for your unpaid withdrawn amount.

How Minimum Balance Payment Works

If you haven’t understood how minimum balance works, it might affect your repayments. So, does paying the minimum balance is a good idea?

Using credit cards means that you are opting for a short-term loan, so it advised that you must pay in full every month. However, each credit cad set a minimum balance each month. But, mind you when you choose to pay using the minimum balance payment, you may accrue bigger repayment amounts in the future since credit cards have higher interest rate.

Therefore, it is advisable be careful of your spending and if possible, repay it in full to avoid large amount to be paid in the future.

What to Consider Before Taking a Credit Card

Before getting a credit card, you have to take note of the following:

Check your capacity to pay

Having a credit card is an added financial responsibility. Not repaying on time or failure to repay can lead you to a bad credit score. This is the reason why we can see that each credit card has higher annual requirement which is at least S$30,000 for Singaporeans or PRs and above $40,000 for foreigners. But, even if you have a higher annual income, take in mind that you have to check your financial capacity. You have to ask yourself: “Can I pay my credit card bills on time?”.

Check your spending habits

As you can observe, there are specific credit card for each type of spender. You have to check your self, if what type of lifestyle and spending habits you have. For example, Citi credit cards specializes in various types of spender, there is Citi Premier Miles for those who loves traveling and Citi Lazada for those who loves shopping at Lazada. Most of credit cards have huge rewards for online spender.

If you shop offline, there are also specific cards which can be used for selected merchants. Identifying your spending habits is vital in choosing a suitable credit card for you.

Will you be responsible in maintaining a good credit score?

Before becoming a credit card holder, you have to check yourself if you can able to maintain a good credit score. You’ll have no problem in managing your finances if your answer is a “yes”

How to Find the Best Credit Card in Singapore

Singapore has a wide range of credit card to offer. If, its your first time to get a credit card for yourself, it might be difficult or even its your second time. Choosing from a wide array of credit card can be hard and you can’t find and say that there is just one best credit. There are lots of awesome credit card to choose from.

You might be overwhelmed with lots of choices but here at Easyfind will provide tips below that can help you find the best credit card.

Look for a card based on your lifestyle and spending habits

As mentioned, and as you can observe on our list of the best credit cards, you can see that each credit card specializes in each type of spender. There are specific credit cards for online spenders, for travelers, for foodies, commuters and many more.

Your life can be easier with a credit card if you choose it according to your spending habits. You may find that you’ll end up getting various types of credit cards since you’ll love many things. But, always remember to be a responsible spender and payer.

Find a card based on the reward structure that you want

As identified above you can earn mile points with miles credit card, a cashback for cashback credit card and points for reward credit card. As you identify your spending habits you can easily find the best reward structure that you will love. In addition, it is essential that you can plan on how to use these rewards to reap out the most from your credit card benefits.

Therefore, you have to choose a card based on rewards points that you love. If you love shopping, you’ve got to have a rewards credit card. If you love to earn cashback, you can choose among the best cashback credit card.

Always Check for the Fees

As noted above, annual fees are not the only charges that you have to consider. You have to check various fees applicable. Choose the one with the lowest rate possible or it can balance to their featured benefits.

Read and Understand the Terms and Conditions

Lastly, when choosing the best credit card for yourself, always check the fine print. There are certain conditions that apply especially with their promotional offers. You need to read it carefully and understand it well before getting one. You have to consider its expiry date, minimum spending, the credit limit, inclusions, exclusions and many more.

You can ask the bank or credit card support specialist to understand it very well.

FAQs on Credit Cards

Why you need a credit card?

Simply, it can be use as another type of payment option just like debit card and the real cash. Both offline and online shops are now accepting various types of credit cards which is easy and convenient to use. It is also added with specialised security to make payment safer both online and offline.

Yes, almost of credit cards accept Foreigners but they need to pass the eligibility requirements wherein they need to have at least S$40,000 to S$80,000 annual income.

Existence of credit cards is highly notable for convenience and for safer transactions. It can always be a good idea if you are a responsible spender and payer. Remember that you need to maintain a good credit score.

Each credit card set a minimum balance payment, wherein you can opt to pay for that one, but remember that not paying in full can make you accrue large amount in the future. So, it is best if possible, to pay it in full each month.

For a Singaporean or PR, you need to have an annual salary of at least S$30,000 and S$40,000 for foreigners.

Yes, most of the credit cards have an easier application where you can get it online. But, before getting one, consider first the things in getting one and our tips on finding for the best credit cards.

There are a wide array of credit cards in Singapore, this allows you to pay your online or offline purchases without using the real cash. But, always remember to pay it on time to avoid incurring huge interest in the future.

Applying for a credit card means that you are given a credit limit which can be usually up to 4x your monthly salary. It works by using your credit line for your purchases and make repayment at the end of the month. While for debit card, you’re the one adding the exact amount of money on your card, therefore if there is insufficient fund your transaction can’t proceed.

When you’re decided to take a credit, you can apply using their online form or use the forms in the banks or malls. You will need to fill in the required information and prepare for the necessary documents.

You can legally apply for a credit card when you are at least 21 years of age or as a principal cardholder, while there are other banks that may allow at least 18 years old for supplementary cardholders.

Although credit card fraud is inevitable, yet there are ways that this can be prevented. You need to be careful and responsible as a cardholder. Start it by closely monitoring your transactions or you may use credit card alerts. Never divulge your credit card information.

When you received your credit card statement, you may find it not fun to read. But, this is a vital document. It is essential that you must understand the details in this statement. You must not take this for granted since this contains an important history of your transactions.

As highlighted above, you have to think carefully before paying the minimum since you will incur a larger amount in the future. If possible, it is ideal that you pay in full every month.

Your type of credit card will depend on your spending habit. If you love traveling, you might opt for a miles cards, if you’re a foodie you may choose a rewards credit card. You can also select the card based on the type of rewards that you want.

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