Credit cards are not only pieces of plastic that provide you with access to instant cash, they can also offer you with a lot of privileges and benefits that can enhance your lifestyle. If you are an individual with an active lifestyle, you can opt for a credit card that offers a variety of lifestyle related rewards and benefits. There are many credit card providers in the country that offer lifestyle credit cards. These cards also offer other benefits such as reward points, promotions and discounts on online shopping, cashback for shopping at certain stores, fuel benefits and so on. These benefits can make your experience of using a credit card more rewarding and can help you to enjoy various privileges without burning a hole in your pocket.
Compare the Best Lifestyle Cards in Singapore
Many banks offer credit cards targeting people who lead a luxurious lifestyle such as spending time at nightclubs, going to spas, dining at luxury hotels and more. In addition, you will also get other benefits, such as discounts on 5-star hotel dining, access to and discounts at select golf courses, complimentary drinks at select bars and pubs, and greater rewards points at luxury retailers and online shops.
|Cards Name||Annual Fee||Earning Rate||Minimum Spend Requirement|
|UOB Lady’s Solitaire Card||S$588||10x UNI$ at luxury retailers, local departmental stores abroad and on online shopping.||S$3,000 per statement cycle|
|HSBC Visa Infinite Credit Card||S$650 (non-premier) S$488 (premier)||10x HSBC Rewards at select designer boutiques and merchants. Discounts of up to 30% at select golf clubs.||NA|
|OCBC Voyage Card||S$488||Complimentary plaza premium lounge access. Complimentary limousine service.||S$3,000 (for limousine service)|
|Standard Chartered Visa Infinite Card||S$588.50||Discount on select 5-star hotel stays and restaurants. Complimentary access to spa and fitness centres.||S$2,000|
|Maybank World Mastercard||S$240||Access to global concierge service. Golfing privileges in 18 countries. 10x TREATS Points on select luxury retail stores and dining establishments.||NA|
|American Express Platinum Reserve Credit Card||S$535||Complimentary drinks at select bars and nightclubs. Golf privileges at more clubs in the region. Access to members-only Tower Club.||S$5,000 in six months for rewards points|
|Citi Prestige Card||$535||Complimentary hotel stays under the “International Complimentary Night Hotels and Resorts Program”. Unlimited access to airport lounges. Complimentary green fees at Sentosa Golf Club and more.||NA|
|American Express Platinum Credit Card||S$321||Savings of up to 50% on luxury dining hotels Spa privileges at The Ultimate, Adeva Spa, Spa Rael and RN Spa. Complimentary drinks at The Mad Men and other nightclubs.||NA|
Why Should you Use Lifestyle Cards?
Lifestyle credit cards are ideal for people who like to compliment their daily living with other pleasures such as relaxing at a spa after a long day, eating out at fine-dining restaurants, spending weekends teeing off at some of the finest golf courses, enjoying an active nightlife and so on.
How Does It Work in Singapore?
Lifestyle cards often offer discounts at resorts and luxury hotels. For example, the Standard Chartered Visa Infinite Card offers a discount of 20% on the best available rate at Banyan Tree Hotels and Resorts, up to 25% off on dining at The Fullerton Hotel/Bay Hotel Singapore and more. With the UOB Lady’s Solitaire Card, you will earn 10x rewards points on shopping at select luxury stores when you are overseas. Also, if you want to purchase large purchases worth at least S$500, you can opt to pay for it in instalments of 6 or 12 months without paying any interest or processing fee. With the HSBC Visa Infinite Credit Card, you will get 10x the HSBC Rewards at select designer boutiques and merchants. You also get to enjoy thermal therapy, private spa suite and more at Resorts World Sentosa. If you like to play golf, then this card will offer 30% off on green fees at close to 30 participating clubs in South East Asia.
Things to Consider Before Getting a Lifestyle Card
Lifestyle credit cards are different from cards in other categories in terms of annual fee, benefits associated, eligibility criteria and more. So before you apply for these cards, you must understand the terms and conditions associated with these cards.
- Annual fees: Lifestyle cards usually charge high annual fees, often exceeding S$500. Furthermore, many such cards do not offer an annual fee waiver, meaning, under no circumstance can you avoid paying the fees.
- T&C on benefits: The privileges offered on the card always come with certain conditions you must fulfill in order to make the most use of them. For instance, if you wish to use the complimentary green fees benefit on your card, you may be required to tee off with paying companions without which your fee may not be waived. Additionally, complimentary green fees may not be applicable on all days of the week.
Minimum spend requirement: Although not all lifestyle cards require a minimum spend amount per month, the ones that do, require you to spend a few thousand dollars to benefit from all the benefits offered on the card.
Tips to find the Right Lifestyle Card
Here is a list of tips that will help you choose the right lifestyle card:
- Lifestyle cards offer air miles, rewards points, cashback or rebate, so pick the reward type according to your preference.
- Choose a card that offers benefits and privileges that you are most likely to use.
- Opt for a card that has no minimum spend requirement or a spend requirement that compliments your monthly card spends.
- Opt for a card where your rewards benefits exceed the annual fees to be paid on the card.