7 Finest Rewards Credit score Playing cards in Singapore (2021)

In the event you love accumulating factors and redeeming them, then a rewards bank card offers you some added life satisfaction.

Lately, there’s much more in banks’ rewards catalogues than boring outdated NTUC vouchers — you’ll be able to redeem something from Les Amis eating vouchers to Amazon credit score to money rebates.

And naturally, they’re a great way to earn air miles along with your day-to-day native spending, for the day when everyone seems to be now not underneath home arrest on this island.

Finest rewards bank cards in Singapore 2021

1. Citibank Rewards Card

The Citi Rewards catalogue is stuffed with belongings you would really wish to spend your hard-earned factors on, from from Apple merchandise to Amazon Factors. So don’t fear about having to begrudgingly alternate your factors for Well-liked Bookshop vouchers.

In the intervening time, the Citi Rewards Card affords 10X rewards (or 4 miles per $1) on on-line and in-store procuring, Seize/Gojek rides, meals supply and on-line groceries, making it a good card for on a regular basis bills.

Nonetheless, there’s additionally a month-to-month expenditure cap of $1,000 on the 10X factors, so don’t go too loopy.

2. DBS Lady’s Card

If all of your transactions now happen on-line, the DBS Lady’s Card is an efficient rewards card to have because it affords 5X factors (or 10 miles) for each $5 you spend on on-line or abroad purchases.

When you’ve got an revenue of no less than $80,000 every year, skip the DBS Lady’s Card and join the DBS Lady’s World Card as an alternative. The cardboard provides you 10X factors (or 20 miles) on on-line purchases, 3X factors (or 6 miles) on abroad purchases and 1X factors (or 2 miles) on different purchases.

The cardboard’s definition of on-line spending is extraordinarily broad, and contains all the things from on-line grocery supply to GrabPay credit. So, in essence, the cardboard may doubtlessly reward you for the majority of your spending.

On the draw back, the DBS rewards catalogue is admittedly not terribly thrilling, with a restricted vary of eating places and retail vouchers — you’ll be able to alternate your factors for issues like Crystal Jade vouchers or Shaw Theatres film tickets, yawn.

3. Commonplace Chartered Rewards+ Card

The Commonplace Chartered Rewards+ Card is marketed as an abroad spending rewards card, which doesn’t precisely sound very helpful in the intervening time.

You rise up to 10x rewards factors (or 2.9 miles per $1) on abroad retail, eating and journey, however that’s just about ineffective in the intervening time as a result of COVID-19.

However, it does have a facet perk: 5x rewards factors (or 1.45 miles per $1) on native eating. Nice in the event you’re the sort who likes to spend your journey finances on superb meals, as a result of what else is there to do right here? Look out for the low annual cap of 20,000 factors, although.

Right here’s Commonplace Chartered’s rewards catalogue. Not as thrilling as Citibank’s, however there are some eating places, shopping center and staycation vouchers that could possibly be enjoyable.

4. HSBC Revolution Card

Following a latest revamp, the HSBC Revolution Card is fairly legit. You may earn 10X rewards factors (or 4 miles per $1) on on-line spending (contains meals supply and journey bookings) and contactless funds, with no cap.

One other good contact is that there’s no annual price, so even in the event you don’t use the cardboard a lot you gained’t have to fret about by accident getting charged for it on the finish of the 12 months.

The HSBC rewards catalogue isn’t the world’s greatest or most diverse, nevertheless it does include a pleasant number of well-curated treats. Aside type the standard air miles and vouchers, you’ll discover some fascinating additions like Bang & Olufson wi-fi in-ear earphones, JBL FLIP5 audio system, the Fitbit Cost 4 and the Dyson Tower Fan.

5. UOB Most well-liked Platinum Card

This card affords as much as 10 rewards factors (20 miles) for each $5 spent on chosen on-line procuring, on-line leisure (together with meals supply and ticketing) and cellular contactless funds. GrabPay credit are, nonetheless, not eligible.

As soon as upon a time, this was one of many higher rewards playing cards for on-line spending, however plenty of playing cards have since began doing the identical and higher.

Nonetheless, in the event you like what you see within the UOB rewards catalogue, this could nonetheless be a great card for day-to-day spending. UOB’s is among the most sought-after rewards programmes on the market, and allows you to alternate your factors for spa vouchers, Apple vouchers and vouchers at luxurious shops like Membership 21.

There’s a cap at 2,000 factors, which implies you’ll be able to solely take pleasure in their preferential earn fee on a most of $1,000 price of spending every month.

6. UOB Girl’s Card

This card affords 10x rewards factors (or 20 miles per $5) whenever you spend in one in all seven classes: trend, eating, magnificence and wellness, household, transport, leisure and journey. Each quarter, you’ll be able to change your chosen rewards class on-line.

It’s is especially helpful whenever you’re anticipating excessive one-off bills in a specific class. For instance, in the event you’re having a child, select the household class simply earlier than you do your pre-baby procuring, after which see the rewards factors roll in whenever you purchase your child garments, stroller and so forth.

Sadly, it’s for ladies solely — in contrast to the remainder of the playing cards right here that are unisex, even the DBS Lady’s Card.

You may solely earn bonus factors on a most of $1,000 per thirty days, so that you’ll need to reign in your interior shopaholic.

7. OCBC Titanium Card

OCBC Titanium affords 50 rewards factors (or 20 miles) for each $5 spent on eligible on-line and retail purchases, and 5 level on all different spending. You additionally get 2% money rebate whenever you store at Finest Denki.

You solely benefit from the most earn fee in the event you spend at a retailer on their checklist of retailers, so it pays to examine beforehand.

You may earn 50 factors per $5 at malls like Takashimaya, TANGS and Isetan, clothes manufacturers like Zara, H&M, Uniqlo, Cotton On and Charles & Keith, and electronics shops like Apple, Finest Denki and Harvey Norman, in addition to on-line marketplaces like Amazon and Alibaba.

Sadly, OCBC rewards are extraordinarily naked bones. You’re principally pressured to decide on between air miles, money and Finest Denki vouchers.

Who ought to use a rewards card?

Are you sick and bored with monitoring your bills to the very cent in an effort to maximise your returns from a cashback card? Or planning to ditch your air miles card since COVDI-19 has killed journey?

You may wish to take into account switching to a rewards card, which might be the bottom effort sort of bank card available on the market.

Most rewards playing cards have no minimal spending necessities, so that you don’t need to agonise over your bills and observe them in a spreadsheet. That makes them good for “enjoyable” spending (e.g. procuring, leisure, eating, journey) which may range from month to month.

The rewards factors you earn are additionally versatile. You should use them to redeem no matter is in your financial institution’s catalogue of goodies. Normally there’s a wide range of procuring and eating vouchers, and a few have items like fancy whiskeys and devices. Some even provide money rebates.

Numerous individuals redeem air miles with their rewards factors. Actually, they’re really nice for journey junkies as some rewards playing cards outperform miles playing cards in incomes air miles!

Simply pay attention to the expenditure cap, if any, as you gained’t get bonus factors past that. Examine the expiry date of your factors too, so that you don’t get a nasty shock whenever you attempt to redeem stuff.

How do rewards playing cards work?

Due to banking jargon, rewards playing cards might sound difficult, however they’re really very easy to make use of. Even essentially the most tech-illiterate of Singaporean aunties can discover their means round them. Right here’s a 4-step information:

Step 1: Know which spending classes provide the most factors.

Step 2: Go forward and spend in these classes! (However know your expenditure cap so that you don’t go overboard.)

Step 3: Rewards factors are magically credited to your account.

Step 4: When you’ve gotten sufficient factors, redeem stuff you need from the rewards catalogue.

Wish to discover out extra about the perfect rewards bank cards in Singapore? Evaluate and apply at MoneySmart! 

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