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    Best Credit Cards for Students in Singapore

    Credit cards are not only for working adults who earn at least S$30,000 per annum. In a day and age where we prefer making payments using a plastic card instead of fumbling for change in our wallets, credit cards have become a necessity for all ages.

    Banks in Singapore offer student credit cards to tertiary students and working adults who don’t earn an annual income above S$30,000. Furthermore, what you need to know here is most banks do not offer student credit cards to foreigners. Student credit cards are offered exclusively to Singapore citizens and Permanent Residents who are enrolled in universities. Most credit cards also come with a credit limit of S$500.

    Best Student Credit Cards in Singapore

    Here are the best credit cards offered to students in Singapore where you can earn cashback, cash rebate, rewards, discounts and additional perks on purchases.

    1. DBS Live Fresh Student Card

    2. Earn points, get access to the DBS Lifestyle App, use your credit card as an EZ-Link Card and enjoy more perks on the DBS Live Fresh Student Card.

      Let’s take a look at the pros of DBS Live Fresh Student Card:

      • Earn DBS Points - You will earn 3X DBS Points on all your online and Visa payWave purchases.
      • Visa payWave feature - This credit card is equipped with the Visa payWave feature wherein you can make contactless payments at more than 12,000 outlets in Singapore.
      • DBS Rewards - Earn 1 DBS Point per S$5 spent on your card and redeem your accumulated points on shopping, travel, entertainment and dining perks.
      • EZ-Reload - Your credit card is enrolled automatically for EZ-Reload. This means, if you activate this facility, you can use your credit card as your EZ-Link Card.
      • DBS Lifestyle - This is an app which offers cardholders with exclusive coupons and rewards while on-the-go.
      • Annual fee waiver - The annual fee on this card is waived for 5 years

      Let’s take a look at the cons of DBS Live Fresh Student Card:

      • High annual fee - After 5 years, the annual fee for this credit card is S$128.40.
    3. Maybank eVibes Card

    4. This credit card is ideal for tertiary students to earn cash rebate on all purchases irrespective of how much they spend and with Maybank eVibes Card, you have ability to track their expenses at any point in time or day.

      Let’s take a look at the pros of Maybank eVibes Card:

      • Cash rebates - You will earn 1% cash rebate on all your purchases with no minimum spend requirement.
      • Convenient tracking of expenses - With access to online banking, you can track your expenses 24 hours a day, 7 days a week.
      • MAYBANK TREATS - Enjoy year-long TREATS on dining, online shopping, travel, retail & lifestyle, entertainment & leisure and beauty, health & wellness promotions.
      • Additional perks - Enjoy additional discounts across merchant partners when you use this credit card to make payments:
        • Zilingo - Enjoy a storewide discount of 10% until December 31, 2017.
        • Agoda - Enjoy an additional discount of 8% on your hotel bookings until December 31, 2017.

      Let’s take a look at the cons of Maybank eVibes Card:

      • Quarterly service fee - You will be charged a quarterly service fee of S$5 unless you spend on your credit card at least once every 3 months.
      • High cash withdrawal fee - You will be charged a cash advance fee of 5% of the withdrawn amount or S$15, depending on whichever of the two is higher on every cash withdrawal transaction.
    5. Citibank Clear Card

    6. This credit card offers exclusive dining benefits and other Citi deals to tertiary students.

      Let’s take a look at the pros of Citibank Clear Card:

      • Dining benefits - Enjoy the following dining perks on this credit card:
        • 10% Citi Rebate at Starbucks on a minimum spend of S$10.
        • 5% Citi Rebate at Subway on a minimum spend of S$10.
      • Petrol savings - Up to 14% savings on petrol purchases as Shell and Esso.
      • Citi Globeshopper - Get 5% cashback on your online shipping fee.

      Let’s take a look at the cons of Citibank Clear Card:

      • Annual fee waiver - Annual fee is waived only for 1 year after which you will be charged S$29.96 per year.
      • Limited privileges - This credit card exclusively offers only dining privileges compared to other student credit cards that offer more diverse privileges to cardholders.
    7. Standard Chartered MANHATTAN S$500 Credit Card

    8. Earn cashback on all retail purchases on the Standard Chartered MANHATTAN S$500 Credit Card.

      Let’s take a look at the pros of Standard Chartered MANHATTAN S$500 Credit Card:

      • Cashback - You will earn 0.25% cashback on ALL retail purchases on your credit card.

      Let’s take a look at the cons of Standard Chartered MANHATTAN S$500 Credit Card:

      • Annual fee waiver - Annual fee is waived only for 1 year after which you will be charged S$32.10 per year.
      • Limited privileges - This credit card does not offer any additional privileges to cardholders apart from cashback.
      • Low cashback - Compared to other student credit cards, the cashback offered on the SC MANHATTAN S$500 Credit Card is relatively low.
    9. BOC F1RST Card

    10. Enjoy cash rebates with no minimum spend requirement and annual fee waiver on the BOC F1RST Card.

      Let’s take a look at the pros of BOC F1RST Card:

      • Cash rebate - Enjoy 0.5% cash rebate on local as well as overseas purchases up to S$500 per month.
      • Annual fee waiver - The annual fee on this credit card is waived for 2 years.

      Let’s take a look at the cons of BOC F1RST Card:

      • Cash rebate limitation - You will not earn cash rebate on purchases once your monthly spend exceeds S$500.
      • Cash rebate cap - The cash rebate earned is capped at S$2.50 per billing cycle per account.
      • Highest annual fee charged - When compared to any other student credit card, the BOC F1RST Card charges the highest annual fee of S$150.

    Compare best student credit cards in Singapore

    Here is a snapshot of what every student credit card in Singapore has to offer its customers:

    Credit Card

    Savings

    Earning Limit

    Minimum Spend Required

    Other Perks

    DBS Live Fresh Student Card

    3X DBS Points on all online and Visa payWave transactions.

    DBS Rewards - 1 DBS Point per S$5 spent on this credit card.

    No cap.

    S$5 to earn 1 DBS Point.

    This credit card can be used as an EZ-Link Card.

    Use the DBS Lifestyle App to get exclusive coupons and rewards.

    Annual fee waiver for 5 years.

    Maybank eVibes Card

    1% cash rebate on all retail purchases.

    No cap.

    No minimum purchase amount required.

    Online banking available 24 hours a day, 7 days a week.

    This credit card is equipped with Visa Paywave.

    Cash withdrawals are permitted subject to cash advance fees.

    MAYBANK TREATS - Enjoy year-long TREATS on dining, online shopping, travel, retail & lifestyle, entertainment & leisure and beauty, health & wellness promotions.

    Citibank Clear Card

    10% Citi Rebate at Starbucks.

    5% Citi Rebate at Subway.

    No cap.

    S$10 per purchase.

    Petrol savings - Up to 14% savings on petrol purchases as Shell and Esso.

    Citi Globeshopper - Get 5% cashback on your online shipping fee.

    Standard Chartered MANHATTAN S$500 Credit Card

    0.25% cashback on ALL retail purchases.

    No cap.

    Not available.

    22 days repayment grace period.

    If you earn above S$30,000 per annum, then upgrade to MANHATTAN World MasterCard.

    BOC F1RST Card

    0.5% cash rebate on local as well as overseas purchases.

    S$2.50 per billing cycle per account.

    No minimum purchase amount required.

    Annual fee waiver for 2 years.

    How to choose the best student credit card in Singapore

    The choice of student credit cards in Singapore is not as extensive as choices for working adults with a minimum income of S$30,000 p.a. So, here is how you can choose the best student credit card among the choices:

    • Look for a combination of cash rebate/cashback/rewards as well as other perks because as a student, you need to cater to both, you financial as well as social life.
    • Compare the annual fees and annual fee waiver offers because as a student, you may not have a lot of money to spend on making annual fee payments year-on-year.
    • Choose a credit card that offers cash rebate/cashback/rewards on categories where you spend the most so you can make the best use of the card perks.
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