7 Greatest Credit score Playing cards in Singapore (2021) — Credit score Playing cards Writers’ Favourites

Right here at MoneySmart we’re at all times happening and on about bank cards, however which of them will we really use ourselves?

The issue is, it’s fairly rattling arduous to say that are the perfect bank cards in Singapore — completely different strokes for various of us, and all that. However since this text is all about us, we’re simply going to choose our private favourites as an alternative.

After all, since we scrutinise boring bank card phrases and circumstances for a residing, you may be certain our suggestions aren’t simply randomly plucked out of skinny air. We’ll share with you our high picks and the explanation why they deserve a slot in our wallets.

7 finest bank cards in Singapore 2021

Greatest for	Greatest bank cards
On-line purchasing	Citi Rewards Card, OCBC FRANK Card
On a regular basis spending	Citi Money Again, Maybank Household & Buddies, UOB One Card
Backup cashback card	Stanchart Limitless, Amex True Cashback

1. OCBC FRANK Card — finest cashback card for on-line purchasing

Because of COVID-19, a superb on-line spending bank card is now extra important than earlier than.

Some cashback bank cards insist on limiting their definition of on-line spending to garments purchasing or no matter, however not the OCBC FRANK Card. It covers all the things from grocery supply to Seize rides to your Netflix subscription.

This card provides a cool 6% cashback (capped at $25 per class) on all on-line spending in addition to contactless fee made utilizing your smartphone with Apple Pay, Samsung Pay, Fitbit Pay or Garmin Pay.

Simply these 2 classes alone can cowl a big chunk of your month-to-month spending, so it shouldn’t be too troublesome to hit their minimal month-to-month spending requirement of $600.

2. Citi Rewards Card — finest rewards card for on-line purchasing

Don’t need to take care of the effort of assembly a minimal month-to-month spend and monitoring your bills in order to not hit the cap?

The Citibank Rewards card is a superb different to the OCBC FRANK card. It presents 10X rewards factors (equal to 4 air miles per $1) on many forms of on-line spending, together with on-line retail, meals supply and Seize/Gojek rides.

They’re basically providing you with an ultra-generous earn price on all the things you must survive in Singapore throughout Covid. You can too earn 10x rewards at offline division and trend shops.

A rewards card is simply pretty much as good as its rewards catalogue. In Citibank’s case, it’s wonderful — you may trade your factors for Amazon credit, Apple merchandise or an honest number of electronics, dwelling home equipment, watches and extra.

3. Citi Money Again Card — finest on a regular basis cashback card for drivers

Although the Citi Money Again Card has not too long ago in the reduction of on its advantages, it’s top-of-the-line on the town relating to on a regular basis spending.

The cardboard covers the key bills for many households in Singapore: 8% cashback on groceries and petrol, and 6% cashback on eating. You additionally save as much as 20.88% at Esso and Shell.

The minimal month-to-month spending requirement is now $800. That’s decrease than earlier than, which is sweet. Cashback is capped at $80 per 30 days.

4. Maybank Household & Buddies Card — finest cashback card for households

The Citi Money Again Card might be finest for individuals who drive. If you happen to don’t drive or choose to make use of a separate card for petrol, use the Maybank Household & Buddies Card as an alternative.

You don’t want a household and even buddies to make the most of this bank card, which principally rewards you with cashback for the day by day requirements that maintain you alive.

The cardboard provides you 8% money rebates on groceries, eating/meals supply, transport, information communication/on-line TV streaming like your telephone invoice or Netflix subscription, and sure miscellaneous retailers/companies like pet shops, vets and Well-liked Bookstore.

To qualify for the rebates, you’ll must spend at the very least $800 in a month. Rebates are capped at $25 per class and $125 per 30 days in whole.

5. UOB One Card — finest cashback card for top spenders

The UOB One Card is fairly rattling divisive. Attempting to know the mechanism for his or her cashback and adapt your spending accordingly seems like a full-time job in itself. However when you can spend sufficient every month, you’re rewarded with some spectacular cashback charges on all of your spending.

The very best tier of cashback, a most of 5%, is paid out in a lump sum of $300 on the finish of three months. The catch is that you must spend $2,000 each month for 3 consecutive months to be able to qualify.

Miss the third month and all the things goes to the canines. It additionally signifies that when you spend MORE than $2,000 per 30 days, you don’t earn any cashback on the quantities in extra.

If that seems like an excessive amount of to spend, they’ve a decrease tier, requiring you to spend $1,000 or $500 per 30 days for 3 consecutive months to earn $100 or $50, which works out to a most of three.33% cashback.

In a warped method, the UOB One card does simplify your life because it rewards you for ALL spending. If you happen to’re a excessive spender who has no downside spending at the very least $2,000 a month on the cardboard or are prepared to consolidate most or all your spending on UOB One, you’re able to reap the rewards.

6. Commonplace Chartered Limitless Cashback Card — finest cashback card for giant bills

The Commonplace Chartered Limitless Cashback Card is type of the alternative of the UOB One Card. You don’t must be literate or know learn how to depend to have the ability to efficiently use it.

It’s one among a number of “limitless cashback” playing cards on the town. Such playing cards pay out a flat cashback price on all the things with no cap — no want to fret about minimal spending necessities, busting your cashback restrict or the place it’s best to or shouldn’t use the cardboard.

They’re thus nice for big-ticket spending like wedding ceremony banquets or giving your own home a makeover, principally stuff no different card offers you cashback for.

The Commonplace Chartered Limitless Cashback Card provides you 1.5% cashback on all spending. You additionally get 5% cashback on as much as $5,000 price of spending in your first 3 months, so it may be a good suggestion to join the cardboard simply earlier than incurring a giant expense.

7. Amex True Cashback Card — finest backup cashback card

Much like the Commonplace Chartered Limitless Card, the Amex True Cashback Card presents 1.5% cashback on all of your spending, with no restrict and no minimal spending requirement.

New cardmembers get 3% cashback on as much as $5,000 in the course of the first 6 months. This doesn’t sound as beneficiant as Commonplace Chartered Limitless Cashback’s sign-up bonus, nevertheless it lasts twice as lengthy.

And when you take the take the additional step to register your card yearly, you get a further 1% cashback on international forex spending, which incorporates on-line purchases, so 2.5% cashback in whole.

Though American Categorical isn’t as broadly accepted as Visa and MasterCard, we like this card because it’s extraordinarily easy with minimal T&Cs. It covers even frequently-excluded bills like insurance coverage premiums, so it’s price maintaining as a backup bank card for these miscellaneous bills.

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