Singaporeans love using their credits and they know how to make the most of the privileges that come with the cards. May it be shopping for yourself or your loved ones, going out for dinner with your family, catching up with friends for dinner or going for a vacation to a beautiful destination, the credit card is always there to help.
The top banks in Singapore offer great credit cards that come with several benefits and features. Let’s talk about some of the best credit cards in Singapore in 2017.
The Citibank Dividend card is a unique credit card that offers different types of perks for the customers. When you refuel your vehicle at Esso, you can get a discount of 20.88 percent. At Shell, you can avail a discount of 20.8 percent. At all the other petrol stations, you can enjoy a cashback of 8 percent. When you purchase groceries at any supermarket or grocery store across the globe and use your DIVIDEND card to pay the bills, you can avail a cash back of 8 percent. Dine at the best restaurants and cafes to avail a cashback of 8 percent on the total bill. On all the other retail expenses, you can get a cashback of 0.25 percent. As a sign up gift, you can get an eVoucher from Foodpanda worth SGD 10.
Here’s how you earn cashback with the Citibank DIVIDEND credit card
|Category||Your Expenses||Your Cashback Earned|
(0.25 percent)+ Bonus
(7.75 percent) =Total
|Petrol expenses||SGD 300||SGD 0.75||+||SGD 23.25||=||SGD 24.00|
|Grocery expenses||SGD 200||SGD 0.50||+||SGD 15.50||=||SGD 16.00|
|Dining spends||SGD 200||SGD 0.50||+||SGD 15.50||=||SGD 16.00|
|All the other retail expenses||SGD 188||SGD 0.47||SGD 0.47|
|SGD 888||SGD 56.47|
The ANZ Optimum World MasterCard Credit Card is a great option when you are looking for cash rebate. At the hotels, bars, restaurants and cinemas you can avail cash rebate of 5 percent. You can also earn another one percent on all your spends. When you choose Travel as the preferred category then you can earn cash rebate of 5 percent on airlines, online travel portals and other travel agencies. An added one percent can be earned on all the other spends made using the ANZ Optimum World MasterCard credit card.
When you choose shopping as the preferred category, then you will be able to earn 5 percent cash rebate on the online fashion stores and fashion boutiques. On all your other spends, you can earn cash rebate of 1 percent. When you choose groceries as the preferred category then you will be able to earn 5 percent cash rebate for all your grocery purchases at different supermarkets. On the other expenditures, you will get another one percent cash rebate.
The HSBC Visa Platinum credit card offers a cash rebate of 5 percent on all the recurring bills like internet bill, cable TV bills, mobile bills, etc. On all the grocery spends, you can avail cash rebate of 5 percent. Avail cash rebate of two percent on your dining expenses. At Shell and Caltex stations you can get a discount of 14 percent and cash rebate of 5 percent. For all the grocery purchases that you make using this credit card, you can avail a cash rebate of 5 percent. This discount can be availed at all the supermarkets and grocery stores. On your dining spends at some of the best restaurants in Singapore, you can enjoy cash rebate of 2 percent.
The table below will help you to understand the cash rebate that you can avail
|Spend tier||Minimum SGD 400 spend per month for all three months in a calendar quarter||Minimum SGD 800 spend per month for all three months in a calendar quarter|
|Recurring Cable TV / Internet Bills / Mobile Bill payments||5 percent rebate||5 percent rebate|
|Grocery shopping||3 percent rebate||5 percent rebate|
|Petrol from Shell and Caltex||14 percent instant discount
plus 3 percent rebate
|14 percent instant discount
plus 5 percent rebate
|Dining expenses||1 percent rebate||2 percent rebate|
The Citibank SMRT Platinum Visa credit card is one of the most popular credit cards in Singapore. With this particular credit card, you can enjoy 15 percent on coffee. On all the grocery purchases that you make using thing card, you can avail savings of up to 7 percent. When you buy books and toys for your loved ones, you can avail savings of up to 5 percent.
The SMRTSGD that you earn on your credit card can be redeemed for rides and vouchers. For the EZ Reload top ups, no convenience fee is charged.
|Category and the Participating Merchants||Monthly spend: more than SGD 600|
|Total Savings||Earned from SMRTSGD *||Earned from Citi Rebate|
||7 percent||5 percent||2 percent|
|FairPrice Xtra - Kallang Wave||7.3 percent||7.3 percent||-|
||15 percent||5 percent||10 percent|
|Toys & Books
||5 percent||5 percent||-|
Selected Town Councils - Service and
|5 percent||5 percent||-|
||1 percent||1 percent||-|
|EZ-Reload Auto Top-up
No convenience fee charge for EZ-Reload Auto Top-up transactions
|2 percent||2 percent||-|
|Health and Beauty
||4 percent||2 percent||-|
|Other spend||0.3 percent||0.3 percent||-|
If rewards points is what you are looking for, the Switch Platinum Card offered by Australia and New Zealand Bank can prove to be a great option. When you spend using this credit card at participating merchants like Caltex, Cortina Watch, Courts, Fox Kids and Baby, Dorothy, Perkins, G2000, Tangs, Topman and Topshop, you can enjoy 20 X rewards points. However, you must spend a minimum amount of SGD 500 using your card.
Buy groceries from Giant, Cold Storage, Market Place, Jason’s, NTUC Finest, NTUC Fair Price, etc. and avail 6 X rewards points. On all your Entertainment spends at Golden Village, Shaw, Cathay Cineplex, Film Grade, SISTIC, Sports Hub Tix, etc. and enjoy 6 X rewards points.
No annual fee is associated with this credit card. The supplementary cards also do not have any annual fees. The interest rate is as low as 23 percent per annum on all your outstanding balance. This will definitely help you to save more money. Enjoy great privileges and offers when you dine with your loved ones at some of the top restaurants across the island. At Tangs in Tang Plaza, you can enjoy complimentary parking on the weekends. All you need to do is charge your ANZ credit card with SGD 100 at Tangs. For redemption, you will have to go to the customer care service on level 3. Avail a discount of 20.4 percent when you refuel your vehicle at Caltex. With the ANZ Bonus Rewards Programme, you can enjoy 20 X rewards points at Caltex too.
You can enjoy a savings of 100 percent on your balance transfers. There is no processing fee too. Now you can do much more with term loans and overdraft facilities as you can enjoy a complimentary Money Line account. It is an extremely flexible line of credit. You can avail more cash with the Flexi Loan. This term loan comes with the ANZ Switch card and offers low rates of interest too. You can choose a tenure of up to 48 months. You can avail zero percent instalment payment plans with this credit card. When you choose to make the payments for your income tax using your ANZ credit card, you can earn rewards points. The SMS alerts and the EMV chips on this credit card enhance the security of this card. You can keep track of all your transactions now and your money is completely safe.
The Citibank Rewards credit card is a unique card that comes with a myriad of benefits and features. You can enjoy 20 X rewards points at Qoo10. When you spend SGD 1 using your Citibank Rewards credit card to buy shoes, bags, clothes, etc. online or from departmental stores, you can earn 4 air miles which is equivalent to 10 points. The points can be redeemed for different types of merchandise or a holiday.
For every SGD 1 that you spend using this credit card of yours on Expedia.com, you can enjoy 15 X rewards points. Avail exclusive privileges on travel when you make your bookings on Hotels.com, Emirates or Agoda.com. Avail some of the best deals on petrol when you refuel your vehicle at Shell and Esso fuel stations. The Gourmet Pleasures allow you to enjoy the best dining deals that are ideal for all occasions. With Citi Rebate, you can avail cash rebate of 10 percent at more than seven hundred merchant outlets including Starbucks and Cold Storage. With the Citi Globeshopper feature, you can earn cash back of 5 percent on all the online shipment charges. You can also avail the complimentary travel insurance and enjoy the peace of mind that you deserve.
The HSBC Revolution credit card allows you to enjoy 5 X rewards on all the online transactions that you make. May it be movie tickets, travel, hotel bookings, cab bookings or insurance premiums, you can avail the rewards points. On all your dining transactions at cafes, restaurants and fast food outlets, you avail 5 X rewards points. Enjoy at pubs, clubs, bars, etc. and make the payments using your HSBC Revolution card to avail 5 X rewards points. On all your other transactions, you can earn 1 X rewards points.
The following illustration will help you to understand things better.
|Transaction type||Amount spent||HSBC Rewards points earned||Rewards|
(5 X Rewards Points)
Some examples of items you can redeem with 17,140 Rewards points:
(5 X Rewards Points)
(5 X Rewards Points)
(1 X Rewards Points)
|Total||SGD 4,220||17,140 points|
The Platinum Credit Card is one of the best credit cards offered by American Express. It comes with an annual fee of SGD 321 which is inclusive of the GST. The supplementary cards come with an annual fees of SGD 160.50 each. However, the first two supplementary cards have no annual fee associated with them.
You can enjoy different types of gift as welcome offer. These includes Samsung Tabs, TUMI VAPOR luggage bags, etc. Enjoy platinum dining privileges with this particular credit card. With Palate Dining Privileges, you can enjoy savings of up to 50 percent at several restaurants. The participating merchants are Lawry’s The Prime Rib, Dancing Crab, Angelina, OLA Cocina Del Mar, The Marmalade Pantry, TWG, Senso Ristorante and Bar, etc. You can also avail The Far Card membership which is worth SGD 425. You can also enjoy special savings using this card at Equinox Complex, Swissotel The Stamford Singapore, Fairmont Singapore, Swissotel Merchant Court, etc.
Book your holidays with ZUJI and avail savings of up to 12 percent at the participating hotels. Along with this, you can avail a rebate of 2 percent on all the flight ticket bookings. For your booking done via Expedia, you can get a discount of 10 percent on the hotel booking costs.
Get spa vouchers from Spa Rael, Adeva Spa and The Ultimate. Avail a discount of 50 percent on the a la carte services at The Ultimate and Adeva Spa. Enjoy golf at more than forty clubs in Philippines, Singapore, Thailand, Indonesia and Malaysia. The individuals who have the supplementary cards can also enjoy these golf privileges.
With the SingPost Platinum Visa credit card offered by Standard Chartered Bank, you can enjoy cash back of 7 percent on the online purchases that are eligible for this. You may claim for a refund of up to 50 percent of the difference in price if you are able to find out the same product with a lower price within a period of thirty days from the date of purchase. You will not be held responsible for any fraudulent transaction or unauthorised transaction and you can enjoy the peace of mind that you deserve while shopping. Avail a waiver of annual fee for a period of two years along with five supplementary cards that have no annual fees associated with them.
The contactless payment feature on the Standard Chartered SingPost Platinum card allows you to make easier and faster transactions.
The table below will help you to understand how you can enjoy cash back by spending aminimum amount of SGD 600 in one month from your credit card.
|Merchant Outlet||Product that you purchase||Category||Amount that you Spend||CashBack that is Earned in percentage||CashBack Earned (SGD )|
|Thai Airways||Bangkok Flight ticket||Online||SGD 245.00||7 percent||SGD 17.15|
|Agoda.com||Hotel stay in Bangkok||Online||SGD 420.00||7 percent||SGD 29.40|
|sc.com/sg||Travel Insurance||Online||SGD 22.75||7 percent||SGD 1.59|
|shop.adidas.com.sg||Gym Apparels||Online||SGD 129.00||7 percent||SGD 9.03|
|Cold Storage||Groceries||Grocery||SGD 76.80||2 percent||SGD 1.54|
|McDelivery||Set meal||Online||SGD 31.50||7 percent||SGD 2.21|
|Takashimaya||Skincare||Retail||SGD 132.00||0.20 percent||SGD 0.26|
|Total||SGD 1,057.05||SGD 61.18|
|Total Cash Back that is credited in the following month's credit statement:||SGD 60.00|
The DBS Altitude Visa Signature Credit Card helps you to earn 3 air miles for every SGD 1 that you spend using your credit card on hotel transactions and flight tickets. However, this is capped to a maximum of SGD 10,000 per month. The miles that you earn on your credit card never expire. You can avail these miles when you book your travel on singaporeair.com, silkair.com, cathaypacific.com, qatarairways.com, jetstar.com, airbnb.com.sg, airasia.com, zuji.com.sg, etc.
You can enjoy 2 complimentary airport lounge access with the Priority Pass. You can call the Butler service provide by DBS any time you want. The travel accident insurance offered by DBS, which provides a coverage of up to SGD 1 million, can be availed when you have the Altitude Visa Signature credit card. Enjoy the best deals on shopping, travel, golf and hotels. The annual fee of the credit card is waived off when your annual spends are more than SGD 25000.