Some credit cards are meant for what is generally understood as a woman’s favourite activity – shopping. These cards are often marketed by banks and credit cards issuers as ‘women’s credit cards’. This does not always mean that men cannot get these cards, though. Such cards offer cashback, special discounts and rewards points on spends including shopping, fashion/theatre shows, and entertainment gigs.
When it comes to credit cards, Singaporeans have no dearth of options. Singaporeans have the option of choosing from over a hundred credit cards in every category. There are credit cards designed for specific purposes. For instance, travel credit cards offer travel perks and benefits, dining credit cards gives you the opportunity to dine at some of the best places without having to break the bank. What many might not be aware of is that there is a special range of credit cards designed just for women. Banks in Singapore have come up with a wide range of credit cards that are women centric and offer perks that a woman would benefit from. In this article, we will discuss some of the best women credit cards available in Singapore.
Compare to Find Best Credit Cards for Women in Singapore
|Card Name||Annual Fee||Earning Rate||Minimum Spend Requirement|
|UOB Lady’s Card||S$192.60||5X UNI$ on online shopping, overseas shopping, taxi rides and departmental store spend. Complimentary bottle of wine when dining in Singapore, China and Hong Kong with Mastercard Wine Privileges.||S$3,000|
|DBS Woman’s World Mastercard||S$192.60||10x Points for every S$5 spent online. 3x Points for every S$5 spent abroad.||NA|
|UOB Lady’s Solitaire Card||S$588||10x UNI$ at luxury retailers, local departmental stores abroad and through online shops. Access to members-only The China Club, Singapore.||S$3,000|
|UOB Lady’s Solitaire Rose Gold Metal Card||S$588||10x UNI$ on shopping and taxi rides. Free weekend parking at Scotts Square, 313@somerset, Paragon and Forum The Shopping Mall. Complimentary bottle of wine when dining in Singapore, China and Hong Kong with Mastercard Wine Privileges.||S$3,000|
|DBS Woman’s Card||S$160.50||5X DBS Points for every S$5 spent online.||NA|
UOB Lady’s Solitaire card is tailor made for the ladies who love luxury. The card offers UNI$10 every time you spend $5 at luxury brands like Marni, Mulberry, Salvatore Ferragamo, Jil Sander and other similar luxurious brands. The card comes with LuxePay benefit that allows the ladies to make interest free installment payments for a tenure of 6 months or 12 months when they shop at luxury brands for S$500.The card also let the cardholder utilize the Worldmastercard priceless experiences. Though the annual fee is pretty high on the card at S$588, the amazing perks and benefits offered on the card make up for it.
The Citi Rewards card as the name suggests is a reward card that delivers what it promises.The card rewards the cardholder with 10X points for every S$1 spent on clothing, shoes and bags. The reward points can be racked up and exchanged for free flights, stay at luxury hotels, free gadgets and more. The rewards redemption programme is enough to make any lady swoon. The card also offers 20X reward points for every S$1 spent at the Amazon website. The card comes at an annual fee of S$192.60.
Benefits of Women’s Credit Cards
Here are some benefits that you will get with women’s credit cards:
- Rewards on shopping online, offline, locally and overseas.
- Discounts on fashion, healthcare and beauty products.
- Complimentary drinks at participating pubs and bars.
- Flexibility to convert large purchases into interest-free instalment payment plans.
Who Should Use It?
As the name suggests, these cards are meant for women who like to shop for items of luxury, travel around the world, and eat out. Many such women-centric cards offer beauty and wellness benefits as well. Having said that, some women’s cards are also open to applications from men. For instance, the DBS Woman’s Cards are open to women and men alike.
How Women Cards Work in Singapore?
Women-centric cards offer rewards when you shop online, with certain cards offering bonus points when you spend a particular amount each month. For example, with the UOB Lady’s Card, you will earn 5x UNI$ when you use your card overseas. Once you have accumulated enough of these points, you can redeem them to get air tickets, vouchers, and cash rebate. With the UOB Lady’s Solitaire Rose Gold Metal Card, you will get all-inclusive health screening packages at Thomson Well Women Clinic. These cards are also quite useful when you choose to dine out, as many participating restaurants offer members free meals if there are more than one paying members. The card also offers travel benefits including complimentary limousine transfers and seat upgrades. These cards also offer women free drinks at select bars and pubs on weeknights, in addition to free weekend parking and free theatre tickets.
Things to Consider Before Getting a Women’s Card
Just like when you apply for other credit cards, you must look at numerous factors before taking a decision on getting a women’s card. Here is a list of factors that you must consider before getting a women-centric card:
- The higher the annual fee, the more exclusive the features. So you have to take a call on whether the additional features are worth the extra annual fee.
- Not all women-centric credit cards reward you for spending money overseas, so make sure the card you opt for offers rewards when you shop overseas – if you are a frequent traveller.
- Cards that offer discounts when you eat out are very useful, as you may get to dine for free if you are in a large group.
- If beauty and shopping are among your priorities, then choose a card that offers a combination of both benefits.
How to Choose the Right Women’s Card?
There are many credit cards that offer rewards on local and overseas shopping at departmental stores and luxury boutiques. There are also cards that offer rewards on taxi rides. However, the added advantage of choosing a woman’s credit card is that you will enjoy perks on health, beauty and wellness-related expenses, as well as instalment plans that not only waive interest but also processing fees. Having said this, here are some tips that can help you choose the right women’s card:
- Prioritise your spending requirements to determine the type of benefits you want on the card.
- Check for terms and conditions pertaining to the benefits offered to see if you can meet them.
- Compare the benefits offered against the annual fee charged, and determine if the benefits outweigh the fees you have to pay every year. While at it, check for annual fee waivers as well.