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    We found 44 Best Rewards Credit Cards

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    192.6
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    192.6
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    192.6
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    Credit Card BYTES FROM OUR KITCHEN

    Rewards Credit Cards

    Rewards Credit Cards allow you to earn rewards for the amount spent on your card. You earn points on each charge on the card subject to a minimum expenditure requirement, usually between S$1 and S$5 for each point earned. These points can be later redeemed on a number of different products and services, varying from card to card.

    Features of Rewards Credit Cards

    Rewards Credit Cards has some unique features that make them well-suited for everyone. Some of them are:

    • There are essentially 3 types of Rewards Credit Cards available based on the returns you get from the card – Points Credit Cards, Cashback Credit Cards and Miles Credit Cards. Each type comes with its own benefits.
    • Rewards Credit Cards come with a wide spectrum of annual fees, sometimes as high as S$300.
    • Rewards Card also often has higher interest rate charged on balance. So you should try never to have balance beyond the grace period on your card.
    • Reward programs are often complicated. A single card usually offers different kinds of rewards. For example, a card can offer you cashback on grocery shopping and special rebates with merchant partners as well.
    • Complicated rewards program can also mean a lot of fineprint. Rewards are often subject to conditions like spending a particular amount on your card in a given year.
    • You have to redeem the points earned with Rewards Credit Cards. If you fail to redeem the points within the stipulated date, the points earned will lapse.
    • The rewards can be either tiered or flat. So, you can either earn small rewards each time you spend or you earn a bigger one when you reach a stipulated amount of expenditure.

    Benefits of Rewards Credit Cards

    Rewards cards, as the name suggests, offer a host of rewards and benefits to their subscribers ranging from free air miles and cashbacks to bonus points and fee waivers. A few benefits of Rewards Credit Cards are listed below:

    • Credit cards awarding points allows for a greater choice in the kinds of return you get like cashback, vouchers, gifts, merchandise, free or discount services, etc.
    • Rewards Credit Cards often allow conversion between types of rewards. Points can be convertible to cashback and flyer miles, allowing greater flexibility.
    • Rewards Credit Cards usually offer bonus points for spending during specific time periods, on some products, across chosen departments or special customer segments etc.
    • Depending on your card provider you can get additional perks like balance transfers at 0% interest, complimentary travel insurance, personal concierge, invites to exclusive events, etc.
    • Premium card holders can get exclusive benefits like discounts at high-end hotels, club membership, golf privileges, etc.

    Reward programs available

    There are essentially 3 types of rewards available in terms of the returns – Points, Cashback, and Air Miles. Based on the card and the card provider you can get a points, cashback or air miles as rewards for your spending, or a combination of all three. Besides the usual 3, there are many other kinds of rewards program available on credit cards in Singapore.

    Cashback – Cashbacks are the most straightforward rewards program available. You spend a certain amount and you get a percentage of your spending back on your card. The cashback can be either directly deducted from your total bill amount, or added to your account to be spent in future on specific items.

    Air Miles – Perhaps the most popular form of rewards, air miles thus earned are redeemable at almost all airline bookings. You can earn maximum air miles with special travel only reward cards.

    Points – Points are the most usable rewards program there is, as you can usually convert points to miles and cashback, earn discounts on items or redeem them for a number of different items listed by your card provider.

    Dining – Dining points and discounts can be earned with spending at partner dining places. You can also get special privileges and entry at some finedining restaurants depending on your card.

    Fuel – Most rewards card offer discount at fuel recharge points of up to 14%. To avail maximum benefits, refuel as much as possible at card partner fuel outlets.

    Grocery/Shopping – Rewards program with grocery and shopping offer huge discounts at select supermarkets and merchant sites subject to a minimum spending requirement.

    Entertainment – These reward programs offer free tickets per month on movies, sporting events, gala events and concerts, etc. in lieu of spending on your card.

    Eligibility criteria

    Most Rewards Credit Cards have an income threshold above which you have to earn to be eligible for obtaining the card. The income range can be anywhere between S$30,000 and S$80,000 or even beyond.

    There are, however, some Rewards Credit Cards targeted towards students which have a very low or negligible minimum income requirement. Premium reward cards usually have an ‘Invitation Only’ policy.

    Some cards need you to be citizens of Singapore, while others are open for foreigners as well, albeit with an income eligibility much higher than what is stipulated for a local.

    How to apply for Rewards Credit Cards

    You can apply for a Rewards Credit Card online or by visiting the branch of the bank offering your chosen credit card. Make sure you research and analyse the costs and rewards program associated with the card to find your perfect rewards credit card. Also check if you fit the eligibility criteria for the said card before applying.

    Rewards Credit Cards available in Singapore

    While there are many Rewards Credit Cards available in Singapore, we bring you our pick of the best 5 cards based on the returns they offer:

    • ANZ Platinum MasterCard Credit Card
      • 2X Rewards Points on Online and Overseas spend.
      • Complimentary weekend parking at TANGS at Tang Plaza.
      • Earn rewards points when you pay your income tax with ANZ Credit cards.
      • Balance transfer for 6 months at 0% p.a. with 0% processing fee.
      • Up to 15.4% fuel savings when you refuel at any Caltex service station in Singapore.
    • HSBC's Revolution Credit Card
      • Get a Samsonite Black Label Plutus 68cm Luggage worth S$950 after spending at least $500 per month for the first three months after card issuance plus S$20 cash rebate if you apply online, or get HSBC’s All Days Movie Card worth $85 if you spend at least $100 within the first month of card issuance.
      • 5x Rewards on online transactions, local dining transactions, local entertainment transactions.
      • Earn 1 Rewards point with every S$1 you spend on all other transactions.
      • Enjoy quick and fuss-free transactions with Visa payWave.
    • Citibank Rewards Card
      • New Cardmembers get S$120 Cashback at joining.
      • Get 10 Rewards points (or 4 Miles) for every S$1 spent on Shoes, Bags, Clothes, Departmental Stores (local or overseas) or Online Shopping websites (excluding food & beverage, travel, airline, government, brokerage/ securities, cinema, insurance, tuition and online gambling websites).
      • Up to 10% additional rebate at over 500 merchant outlets including Burger King, Cold Storage, Shell and Starbucks with Citi Rebate.
      • Earn $1 on all other spend = 1 Citi$.
      • Redeem your Rewards Points on either Miles, Shopping or Dining Vouchers or Cash Rebate.
    • American Express Platinum Credit Card
      • Option 1: Full Fee Offer + Philips 32" Slim LED + B&O Play H5 + Samsonite Sigma 76cm Luggage.
      • Option 2: First Year Fee Waiver Offer + Samsonite Armet Spinner Expandable Luggage.
      • $1.60 = 2 Membership points. No expiry for Membership points.
      • Eligible for use with Apple Pay.
      • Get 5X Membership points at Platinum EXTRA Partners like Lee Hwa Jewellery, TungLok Signatures and Watches of Switzerland.
      • Redeem points from over 200 rewards in the Membership Rewards Catalogue, ranging from fine dining, fashion to electronics.
    • OCBC 365 Credit Card
      • Up to 18.3% fuel savings at selected petrol stations.
      • 6% cashback on weekend dining locally.
      • 3% cashback on dining worldwide, online spending (travel, fashion, movie tickets etc.), supermarkets, and recurring telco bills (SingTel, StarHub, M1).
      • 5% cashback at all other petrol service stations.
      • 0.3% cashback on all other spend.
      • 3% cashback on medical spend transacted over the counter at dental practices, clinics, cord blood banking and hospitals (exclusive to child development account trustees).
      • The Visa Signature Concierge service is available to help you with your lifestyle needs 24/7.

    In terms of card costs here’s a detailed comparison of the cards:

    Card

    Standard interest rate p.a.

    Annual fees

    Minimum income

    ANZ Platinum MasterCard Credit Card

    25%

    S$160 p.a. waived for the first year

    S$30,000 p.a. for Singapore citizens and permanent residents

    HSBC's Revolution Credit Card

    25%

    S$150 p.a. waived for the first 2 years

    S$30,000 p.a. for Singapore citizens and permanent residents

    Citibank Rewards Card

    26%

    S$192.60 waived the first year

    • S$30,000 p.a. for Singapore residents
    • S$42,000 p.a. for foreigners

    American Express Platinum Credit Card

    24.99%

    S$321 (inclusive of GST) basic card fee waived off for the first year

    • S$50,000 p.a. for Singapore residents
    • S$60,000 p.a. for expats

    OCBC 365 Credit Card

    25.92%

    S$160 p.a. waived for the first 2 years

    S$30,000

    Exclusive/Invitation only Rewards Credit Cards

    1. UOB Visa Infinite Card 

      This invitation only card lets you enjoy benefits like access to members-only clubs and free golf privileges at prominent golf clubs. You can indulge in fine dining and private bespoke events.

    2. ANZ Signature Priority Banking Visa Infinite Credit Card 

      ANZ Signature Priority Banking Visa Infinite Credit Card grants you access to a host of unmatched privileges like unlimited free access to over a 100 Veloce airport lounges across the world, free access to airport limousines, and a travel insurance cover of up to S$1.5 million for you and S$100,000 for your family.

    3. Citi ULTIMA 

      This is an invitation only card with a fee of S$3888 p.a. You also need to deposit S$5 million at Citibank before you can get this card. You get a personal assistant in the form of a dedicated lifestyle manager with this card who takes care of exclusive shopping for you, helps you with your travel arrangements, and plans your meetings.

    4. UOB Reserve Card 

      This UOB card comes with a S$3852 annual fee and you also need at least S$2 million in assets at UOB to be considered for membership. Privileges include personalized concierge service, access to a private yacht for 4 hours for up to 14 people, free medical concierge, and priority at hotel and flight reservations.

    5. DBS Insignia Visa Infinite Card 

      The main advantage of this card is a credit limit of S$1 million. This invitation only card only comes with an income of $500,000 per year or $3 million assets with DBS. The perks include airport SpeedPass access, dining privileges at some of Singapore's best restaurants and priority pass airport lounge access.

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