Are you looking to maximize your spending with rewards credit cards in Singapore? With so many options available, it can be challenging to choose the right one for you. But don’t worry, we’ve got you covered! In this article, we will share with you the best rewards credit cards in Singapore that can help you earn rewards points, cashback, and air miles.
When it comes to rewards credit cards, Singapore has a lot to offer. From cashback to air miles, there are many ways to earn rewards for your spending. With the right rewards credit card, you can earn points for every dollar you spend, which can be redeemed for travel, shopping, dining, and more. Plus, some rewards credit cards offer sign-up bonuses, which can help you earn even more rewards points.
So, if you’re looking to get the most out of your spending, a rewards credit card is the way to go. Keep reading to find out which rewards credit cards in Singapore offer the best rewards programs, and how you can make the most of them.
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Short on time? Here’s a quick guide to choosing the best rewards credit card in Singapore for you:
- Know your spending habits: Do you spend most on shopping, dining, travel, or groceries? Choose a card that offers bonus rewards in your top spending categories.
- Compare rewards programs: Look for cards with high points/miles multipliers, cashback rates, or attractive sign-up bonuses.
- Consider annual fees: Some cards offer fee waivers, but weigh the benefits against the annual cost.
- Read the fine print: Understand minimum spend requirements, reward expiry dates, and any exclusions on earning rewards.
Popular choices include:
- For shopping: UOB Lady’s Card (10X points for fashion), Citi Rewards Card (10X points for online shopping)
- For dining: HSBC Revolution Card (5X points for dining), SC Rewards+ Card (10X points for dining)
- For travel: Citi Rewards Card (4 miles/dollar on groceries & petrol), UOB PRVI Miles Card (up to 2.4 miles/dollar overseas)
- For everyday spending: Citi Cash Back Card (up to 8% cashback on groceries, petrol, dining, Grab rides), OCBC 365 Credit Card (up to 6% cashback on dining, online shopping, groceries)
Remember, the best card depends on your individual needs. Explore these options and consider your spending habits to find the perfect fit!
Understanding Rewards Credit Cards
If you are looking for a credit card that rewards you for your spending, then a rewards credit card is the perfect choice. With a rewards credit card, you can earn points, vouchers, or cashback on your everyday purchases.
Types of Rewards
Rewards credit cards offer different types of rewards, including points, vouchers, and cashback. Points can be redeemed for a variety of rewards, such as shopping vouchers, air miles, or even cashback. Vouchers can be used to purchase products or services from specific retailers or brands. Cashback, on the other hand, is a percentage of your spending that is credited back to your account.
Earning Rewards Points
Rewards credit cards offer different ways to earn rewards points. Some cards offer bonus points for signing up or for spending a certain amount in the first few months. Others offer bonus points for specific categories, such as dining or travel.
To earn rewards points, you usually need to use your credit card for eligible purchases. Some cards may have a minimum spend requirement or an expenditure cap, so make sure you read the terms and conditions carefully.
Redeeming Rewards
Once you have earned enough rewards points, you can redeem them for rewards. Rewards can be redeemed in different ways, depending on the card. Some cards have a rewards catalogue, where you can choose from a variety of products, services, or experiences. Others allow you to convert your points into air miles or cashback.
Terms and Conditions
Before applying for a rewards credit card, make sure you read the terms and conditions carefully. Some cards may have an annual fee, a minimum spend requirement, or an expiry date for rewards points. It’s important to understand the terms and conditions to ensure that you can maximise your rewards and avoid any fees or charges.
Top Rewards Credit Cards for Shopping
If you love shopping, then you’ll want to make sure you have the right rewards credit card in your wallet. Here are some of the top rewards credit cards for shopping in Singapore.
For Online Shoppers
Online shopping has become increasingly popular in Singapore, and if you’re someone who likes to shop online, then you’ll want to consider the Citibank Rewards Card. With this card, you can earn up to 10X rewards points on your online spend, which you can then redeem for a variety of rewards such as vouchers, air miles, and more. Plus, with contactless payments like Apple Pay and Google Pay becoming more popular, this card is a great option for those who prefer to pay using their mobile devices.
For Fashion Enthusiasts
If you’re a fashion enthusiast, then you’ll want to check out the UOB Lady’s Card. This card offers up to 10X rewards points on your spending at fashion retailers like Zara, H&M, Uniqlo, and more. You can also earn 10X rewards points on your online purchases at fashion retailers. Additionally, this card offers a range of other benefits such as complimentary parking, discounts at participating merchants, and more.
For Electronics and Gadgets
If you’re someone who loves gadgets and electronics, then you’ll want to consider the Maybank Family & Friends Card. This card offers up to 8% cashback on your spending at Best Denki, as well as other participating merchants. You can also earn cashback on your online purchases at these merchants. Plus, with this card, you can enjoy a range of other benefits such as discounts on petrol, dining, and more.
Tip: Unlock Extra Rewards with Strategic Combos!
Maximize your credit card benefits by combining your top rewards card with other strategic choices. Pair your Citibank Rewards Card for online shopping with a dining rewards card for those weekend outings, or couple the UOB Lady’s Card with a travel-focused card to boost your air miles.
Don’t forget the versatility of the Maybank Family & Friends Card—combine it with a grocery rewards card to enhance your cashback potential. By strategically using different cards for specific spending categories, you can unlock a world of additional rewards and elevate your overall credit card experience.
Dining and Entertainment Perks
When it comes to dining and entertainment perks, the best rewards credit cards in Singapore offer a plethora of benefits that cater to your lifestyle. Whether you’re a food enthusiast or enjoy indulging in entertainment, these credit cards provide exciting rewards and privileges that elevate your experiences.
Local Dining Offers
With the finest rewards credit cards, you can savour delightful dining experiences at some of the best restaurants in Singapore. Enjoy exclusive discounts, complimentary dishes, and priority reservations at a variety of local eateries. Some cards also offer enticing dining vouchers, allowing you to explore new culinary delights or indulge in your favourite cuisines at reduced prices.
Entertainment Rewards
For those who relish entertainment, these credit cards provide an array of rewards tailored to elevate your leisure activities. From movie nights to shopping sprees, you can earn cashback, reward points, or discounts on entertainment-related expenses. Some cards even offer special privileges at entertainment venues such as Golden Village cinemas and Watsons outlets, ensuring that you get the most out of your recreational pursuits.
Travel Benefits and Air Miles
Local and Overseas Travel
When it comes to travel benefits, the best rewards credit cards in Singapore offer a plethora of advantages for both local and overseas travel. You can enjoy perks such as complimentary airport lounge access, travel insurance coverage, and exclusive offers on hotel bookings and car rentals. Some cards also provide accelerated rewards for both local and overseas spend, allowing you to earn more points or miles for every dollar spent.
Maximising Air Miles
Maximising air miles is a key consideration for frequent travellers. Look for credit cards that offer generous sign-up bonuses, accelerated miles accrual for overseas spend, and partnerships with airlines such as KrisFlyer Miles. Additionally, some cards provide bonus miles for foreign currency transactions, making them ideal for frequent international travellers. By choosing a card that aligns with your travel habits, you can maximise your air miles and enjoy an array of travel benefits.
Rewards for Family and Daily Expenses
When it comes to managing your family’s day-to-day expenses, choosing the right rewards credit card can help you save money on everything from groceries to petrol. Here are some of the best rewards credit cards in Singapore that offer great benefits for family and daily expenses.
Groceries and Supermarkets
If you’re looking to earn cash rebates on your grocery shopping, the Citibank SMRT Card is a great option. You can earn up to 5% cash rebate on groceries at supermarkets, as well as on online shopping and other daily essentials. Plus, you can also enjoy up to 5% savings on petrol at Esso and Shell stations.
Another great option is the UOB Delight Card, which offers up to 8% rebate on groceries at Cold Storage, Market Place, and Jasons. You can also earn up to 10% rebate on house brands at these supermarkets.
Family-Friendly Benefits
If you have a family, you know that expenses can quickly add up. That’s why it’s important to choose a rewards credit card that offers family-friendly benefits. The HSBC Advance Credit Card is a great option, as it offers up to 3.5% cashback on all purchases, as well as up to 16% instant discount at Caltex petrol stations.
Another great option is the Maybank Family & Friends Card, which offers up to 8% cashback on groceries, dining, transport, and more. You can also enjoy up to 5% cashback on telco bills, and up to 0.3% cashback on all other purchases.
Maximising Rewards with Specific Cards
If you want to maximise your rewards, you should consider getting specific cards that offer more points for certain categories. Here are some of the best cards to consider:
UOB Lady’s and DBS Woman’s Cards
If you’re a woman who loves to shop, the UOB Lady’s Card and DBS Woman’s Card are great options to consider. These cards offer 10X rewards points for every dollar spent on shopping, dining, and beauty. You can also choose a specific category to earn 10X rewards points in, such as fashion or travel. With these cards, you can earn up to 10,000 rewards points per statement cycle.
HSBC Revolution and SC Rewards+ Cards
If you’re someone who loves to travel and dine out, the HSBC Revolution Card and SC Rewards+ Card are great options to consider. The HSBC Revolution Card offers 5X rewards points for every dollar spent on dining, entertainment, and online purchases. The SC Rewards+ Card offers 10X rewards points for every dollar spent on dining, groceries, and online transactions. You can earn up to 120,000 rewards points per year with the HSBC Revolution Card and up to 10,000 rewards points per month with the SC Rewards+ Card.
Citi Rewards and OCBC Titanium Cards
The Citi Rewards Card and OCBC Titanium Rewards Card are great options for those who love to shop and travel. The Citi Rewards Card offers 10X rewards points for every dollar spent on shopping, dining, and travel. You can also earn 4X rewards points for every dollar spent on groceries and petrol.
With the OCBC Titanium Rewards Card, you can earn 10X rewards points for every dollar spent on shopping, dining, and travel. You can also earn 4 miles for every dollar spent on petrol. With both cards, you can earn up to 10,000 rewards points per statement cycle.
Understanding Fees and Charges
When choosing a rewards credit card, it’s important to understand the fees and charges associated with the card. Here are some key things to keep in mind:
Annual Fees and Waivers
Most rewards credit cards in Singapore charge an annual fee. However, some cards offer a waiver of the annual fee for the first year, or for subsequent years if you meet certain spending requirements.
It’s important to check the terms and conditions of the card to see if there are any annual fee waivers available, and what the spending requirements are. Keep in mind that if you don’t meet the spending requirements, you may be charged the full annual fee.
Interest Rates and Charges
Rewards credit cards typically have higher interest rates than other types of credit cards. This is because the rewards and perks offered by the card are paid for by the higher interest rates.
It’s important to pay off your balance in full each month to avoid paying interest charges. If you do carry a balance, be aware that the interest charges can quickly add up and offset the value of any rewards you earn.
Some rewards credit cards also charge other fees, such as late payment fees or foreign transaction fees. Be sure to read the terms and conditions of the card carefully to understand all of the fees and charges associated with the card.
Strategies for Maximising Rewards
Are you looking to get the most out of your rewards credit card? Here are some strategies to help you maximise your rewards.
Meeting Minimum Spend Requirements
Many rewards credit cards require you to meet a minimum spend requirement within a certain timeframe in order to earn the sign-up bonus. To meet this requirement, consider using your credit card for everyday expenses such as groceries, bills, and dining out. You could also consider pre-paying bills or making a big purchase to meet the requirement.
Utilising Bonus Categories
Most rewards credit cards offer bonus rewards for spending in certain categories such as dining, travel, or groceries. To maximise your rewards, make sure you are using your credit card for purchases in these categories. You could also consider using multiple credit cards to maximise rewards for different categories.
Here’s an example of how you could use multiple credit cards to maximise rewards:
| Credit Card | Bonus Category | Rewards |
|---|---|---|
| Citi Rewards Card | Dining | 8 miles per dollar |
| HSBC Revolution Card | Online Shopping | 5 points per dollar |
| OCBC Titanium Rewards Card | Groceries | 4 miles per dollar |
By using the Citi Rewards Card for dining, the HSBC Revolution Card for online shopping, and the OCBC Titanium Rewards Card for groceries, you could maximise your rewards for each category.
Remember to always check the terms and conditions of your credit card to ensure that your purchases are eligible for rewards. Some transactions such as balance transfers, cash advances, or instalment plans may not be eligible for rewards.
With these strategies, you can maximise your rewards and get the most out of your rewards credit card. Happy earning!
Additional Perks and Offers
When it comes to rewards credit cards, it’s not just about earning points or miles. Many cards also offer additional perks and benefits that can help you save money and enjoy exclusive privileges. Here are some of the exciting perks and offers that you can enjoy with the best rewards credit cards in Singapore.
Exclusive Shopping Deals
One of the most popular perks of rewards credit cards is the exclusive shopping deals that they offer. Many cards partner with popular retailers and brands to offer discounts, vouchers, and other promotions. For example, the Citi Rewards Card offers up to 10% off at over 1,000 merchants, including Zalora, Lazada, and Sephora. The HSBC Revolution Card offers up to 5% cashback on online transactions and 1.5% cashback on local transactions, making it a great choice for online shoppers.
Sign-Up Bonuses and Promotions
Another exciting perk of rewards credit cards is the sign-up bonuses and promotions that they offer. Many cards offer generous bonuses when you sign up and meet certain spending requirements. For example, the Citi Rewards Card offers new cardholders up to S$300 cash via PayNow or a Dyson V8 Slim Fluffy (worth S$509) as a sign-up bonus. The UOB Lady’s Card offers new cardholders a choice of either S$150 cash credit or 30,000 UNI$ (equivalent to 12,000 miles) when they sign up.
Frequently Asked Questions
Which credit card offers the most rewarding cashback for daily expenditures?
If you are looking for a credit card that offers the most rewarding cashback for daily expenditures, you should consider the Citi Cash Back Card. With this card, you can earn up to 8% cashback on groceries, petrol, dining, and Grab rides. Additionally, you can earn 0.25% cashback on all other spendings.
What’s the top choice for a credit card for young professionals in Singapore?
For young professionals in Singapore, the OCBC 365 Credit Card is an excellent choice. With this card, you can earn up to 6% cashback on dining, online shopping, and groceries. You can also earn 3% cashback on recurring bills and up to 23.9% petrol savings at Caltex and Esso stations.
Are there any credit cards that provide exceptional travel cashback benefits?
If you are a frequent traveller, you should consider the American Express Singapore Airlines KrisFlyer Credit Card. With this card, you can earn KrisFlyer miles for your spendings. You can also enjoy exclusive travel perks such as complimentary airport lounge access and travel insurance coverage.
Which bank in Singapore offers the best credit card for reward points accumulation?
If you want to accumulate reward points, you should consider the UOB PRVI Miles Card. With this card, you can earn up to 1.4 miles for every dollar spent locally and up to 2.4 miles for every dollar spent overseas. Additionally, you can earn bonus miles when you spend on travel-related expenses.
How do the perks of a Standard Chartered Smart Credit Card compare to others?
The Standard Chartered Smart Credit Card offers a range of perks that are comparable to other credit cards in Singapore. With this card, you can earn up to 5% cashback on groceries, dining, and online shopping. You can also enjoy exclusive discounts and promotions with participating merchants.
In terms of widespread acceptance, which credit card tops the list in Singapore?
The credit card that tops the list in terms of widespread acceptance in Singapore is the Visa credit card. Visa is accepted at millions of merchants worldwide, including restaurants, retail stores, and online merchants. Additionally, Visa offers a range of perks and benefits to its cardholders, including cashback and reward points.
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