Singapore is a well known travel destination and a tourist attraction. Not only does Singapore attract tourists but is also a hub for air travel given its regional connectivity and a state of the art airport. Those who travel from Singapore be it for business or pleasure can certainly benefit from owning a travel credit card. Travel credit cards offer the cardholder travel benefits which include earning miles, complimentary insurance, and lounge privileges among others.
Travel credit cards allow cardholders to earn miles on expenses charged to the card. Depending on the nature of expense, the rates at which these miles are earned vary. Travel credit cards also allow cardholders to be part of frequent flyer programs with select airlines. Following are the features of a travel credit card:
If you are someone who travels frequently either for pleasure or to escape the mundane routine of daily life or as part of your job profile, then owning a travel card is a must. There are several benefits to owning a travel credit card such as:
Travel credit card reward schemes are in the form of:
To be eligible for a travel credit card, the primary cardholder must have attained the minimum age of 21 years and must not exceed the maximum age of 65 years, maintain a good credit score, and earn an annual income ranging from S$30,000 to S$80,000 (for Singapore nationals or permanent residents). Foreign nationals should generally have an annual income of S$60,000 and above to apply for travel credit cards from any bank in Singapore.
Applying for a travel credit card is a fairly straightforward and hassle free process once you have figured out what exact benefits you are looking for and which card benefits are most attractive to you. Thorough comparison between cards is a must and potential cardholders must not only weigh the benefits of each card but also how the card might affect their spending pattern and how affordable a card is. Once the card has been identified, you can log onto the website of the bank offering the card, fill out the online application form and submit it along with the necessary supporting documents such as age and income proof or apply for the card by visiting the nearest branch of the bank offering the card. If you happen to select a card issued by a bank where you already have an account, the process of application can be done through internet banking.
Below is a list of travel credit cards offered by several reputable card providers in Singapore for your fine dining experience and expenditure:
While most people use their credit cards as a tool to meet daily expenses, there are a select few invitation only credit cards who choose to use their cards as a status symbol and set themselves apart from the rest. For those high net worth individuals, there are a few exclusive credit cards that are available by invitation only:
Whether it is an annual vacation or whether you’re flying out to attend a workshop, meeting or seminar, paying with your travel credit card can earn you some serious miles. These miles can be traded in for business class ticket upgrades and if you have enough miles, even free tickets. There are people who’ve built a career out of chasing air miles. Among the best travel credit cards available, the ANZ Travel Visa Signature card is a must have due to the longevity of its reward earning potential. The card gives you 10,000 air miles every time you renew the card i.e. pay the annual fee. The card also comes loaded with other features such as complimentary insurance and complimentary limousine transfers.
Runtime: Ongoing Promotion
If you are an individual who travels frequently, you will benefit from the myriad of travel promotions offered with OCBC credit cards. Currently, you can avail the following travel promotions at the following OCBC partner merchants:
• Agoda – discount of up to 8 percent
• Anantara, AVANI and PER AQUUM – exclusive deals and privileges
• Asiatravel – complimentary stay
• Explorer Travel Insurance – discount of up to 30 percent
• Roomorama - discount of 10 percent
• Sino-America Tours Corporation Pte Ltd – 0 percent instalment plan etc.
Please contact the bank for the applicable terms and conditions.