Compare the Best Credit Cards in Singapore 2018

Updated May 2018

Looking for the best credit card in Singapore? Compare and find your ideal card with MoneySmart’s easy-to-use credit card comparison tool.

Other Cards
Listing credit cards 844  2x
Citi PremierMiles Visa Card

S$1 = 1.2 Miles

Local Spend

S$1 = 2 Miles

Overseas Spend

S$1 = Up to 7 Miles

Selected Online Hotel and Flight bookings

  • Get 4 Citi Miles with Apple Pay
  • +1 more

Other Promotions

  • Get S$120 Cashback

Key Features

  • Earn up to 7 Citi Miles per S$1 spent on selected online travel bookings
  • Get up to 4 Citi Miles per S$1 spent on Apple Pay, excludes other promotional earn rates, valid till 31 Jul 2018
  • Receive 10,000 Citi Miles upon membership renewal and payment of annual fee
  • Citi Miles never expire
  • 1 Citi Mile = 1 Mile with over 60 popular airlines like KrisFlyer, Asia Miles, Enrich, Qantas, Qatar

Annual Rates

Principle Annual Fee
$193
Supplementary Annual Fee
Complementary
Fee Waiver
1 year annual fee waiver for basic and perpetual fee waiver for all supplementary cards
Annual Interest Rate
26.90%

Eligibility

Singaporean Minimum Income
$50,000
Non-Singaporean Minimum Income
$50,000
Listing credit cards 868  2x
Citi Rewards Card

S$1= 10X Points

on Bags, Shoes, Clothes (Online + Retail)

S$1 = 1 Point

on All Other Spend

1 Point = 0.4 Miles

Rewards to Miles Conversion

  • Get 20X Rewards Points with Apple Pay
  • +1 more

Other Promotions

  • Get S$120 Cashback

Key Features

  • 20X Rewards Points per S$1 spent on Apple Pay, excludes other promotional earn rates, valid till 31 Jul 2018
  • 10X Rewards (10 points or 4 Miles) for every S$1 spent on Shoes + Bags + Clothes at Online, Retail or Department stores, locally and overseas
  • Enjoy discounts of up to 50% at Foodpanda, Lazada, Zalora, Reebonz, and more
  • S$1 spent = 1 Rewards point (All other spend)

Annual Rates

Principle Annual Fee
$193
Supplementary Annual Fee
96.3
Fee Waiver
First year fee waived for Principal and two (2) Supplementary cards
Annual Interest Rate
26.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$42,000
Listing u1116046d f optimized
UOB YOLO Credit Card

Up to 12%

Cash Back All Week on Grab, Dining and Entertainment

Up to S$100

Cash Back Cap per month

S$600

Min. Spend per month

  • Get 12% cash rebate on Grab, Dining and Entertainment

Key Features

  • 12% cash rebate All Week on Grab, Dining and Entertainment
  • 8% cash rebate on weekend Grab, Dining and Entertainment and 3% for weekday for existing Cardmembers
  • 3% cash rebate on Online Travel and Online Fashion
  • Kickstart your investment journey with the Young Professionals Solution by pairing with your YOLO Credit Card and UOB One Account where you can earn up to 3.33% p.a. deposit interest rate
  • Up to 13% off at Expedia, Agoda, and free travel insurance coverage (up to S$500,000)

Annual Rates

Principle Annual Fee
$193
Supplementary Annual Fee
N/A
Fee Waiver
1 year fee waiver for Principal card, free first supplementary card
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$40,000
Listing image american express krisflyer card 2x  1
American Express Singapore Airlines KrisFlyer Credit Card

S$1 = 1.1 Miles

Local Spend

S$1 = 2 Miles

Overseas Spend

S$1 = 3.1 Miles

Grab and Uber rides

  • Get up to 13,200 Bonus KrisFlyer Miles
  • +1 more

Other Promotions

  • Get S$150 cashback at Singapore Airlines

Key Features

  • Apply through MoneySmart from 16 May - 31 May 2018 to get S$100 worth of Grab OR CapitaLand Vouchers. Application must be approved by 14 Jun 2018. Submit your (i)Contact Details and (ii)14-digit Reference Number on the Thank You Page upon completion at this link before 19 April 2018. T&Cs
  • S$1 = 1.1 KrisFlyer miles (Local)
  • S$1 = 2 KrisFlyer miles (Overseas) during June and December
  • S$1 = 3.1 KrisFlyer miles for Grab and Uber rides, capped at S$200 per month
  • Receive 5,000 bonus KrisFlyer miles when you first charge to your card
  • Get an additional 6,000 bonus KrisFlyer miles when you spend S$2,000 within 3 months of card approval
  • First Year Fee Waiver
  • Eligible with Apple Pay

Annual Rates

Principle Annual Fee
$177
Supplementary Annual Fee
53.5
Fee Waiver
First Year Fee Waiver
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$60,000
Listing image amex krisflyerbrown cmyk 2x 480
American Express Singapore Airlines KrisFlyer Ascend Credit Card

S$1 = 1.2 Miles

Local Spend

S$1 = 2 Miles

Overseas Spend

S$1 = 3.2 Miles

Grab and Uber rides

  • Get up to 36,000 Bonus KrisFlyer Miles

Key Features

  • Apply through MoneySmart from 16 May - 31 May 2018 to get S$100 worth of Grab OR CapitaLand Vouchers. Application must be approved by 14 Jun 2018. Submit your (i)Contact Details and (ii)14-digit Reference Number on the Thank You Page upon completion at this link before 19 April 2018. T&Cs
  • Earn 5,000 KrisFlyer miles upon first spend with your new card
  • Earn an additional 13,000 KrisFlyer miles with your first S$5,000 spend in the first 3 months of Card approval
  • Earn another 6,000 KrisFlyer miles with your second S$5,000 spend in the first 3 months of Card approval
  • 1.2 KrisFlyer Miles = S$1 for all eligible card spend
  • 2 KrisFlyer Miles = S$1 in foreign currency spent overseas on eligible purchases in June & Dec
  • 3.2 KrisFlyer Miles = S$1 for Grab and Uber rides, capped at S$200 per month
  • Spend above S$15,000 on eligible purchases on singaporeair.com within first 12 months of Card approval and get upgraded to KrisFlyer Elite Gold Membership
  • Enjoy 500 bonus KrisFlyer miles on your first Grab booking with your KrisFlyer Ascend as the default payment card, valid till 30 Jun 2018
  • Up to $1 million travel insurance coverage

Annual Rates

Principle Annual Fee
$337
Supplementary Annual Fee
80.25
Fee Waiver
First year fee waiver for supplementary card
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$50,000
Non-Singaporean Minimum Income
$60,000
Listing credit cards 992  2x
UOB PRVI Miles Card

S$1 = 1.4 Miles

Local Spend

S$1 = 2.4 Miles

Overseas Spend

S$1 = 6 Miles

Selected Online Hotel and Flight bookings

  • Receive up to 10,000 Welcome Miles (Valid till 31 July 2018)

Key Features

  • $1 = 6 miles for spends on major airlines and hotels booked through Expedia, UOB Travel, and Agoda
  • $1 = 1.4 miles (Local spend)
  • $1 = 2.4 miles (Overseas spend)
  • No minimum spend and no cap on earned miles

Annual Rates

Principle Annual Fee
$257
Supplementary Annual Fee
128.4
Fee Waiver
1 year fee waiver, free first 2 supplementary cards
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$40,000
Listing image 20170328 hsbc revo
HSBC Revolution Credit Card

S$1= 5X Points

on Online, Dining and Entertainment

S$1= 1X Point

on All Other Spend

1 Point = 0.4 Miles

Rewards to Miles Conversion for Selected Airline Partners

  • Option 1: American Tourister Caravan 70cm TSA luggage (worth S$260)
  • Option 2: S$100 Cash Back

Key Features

  • 5X Rewards points (or 2 air miles) per $1 spent on Online, Dining and Entertainment transactions
  • $1 = 1 Reward point. No minimum spend and earn as many Rewards points as you like
  • 2 year annual fee waiver

Annual Rates

Principle Annual Fee
$150
Supplementary Annual Fee
0.0
Fee Waiver
2 years fee waiver, subsequent years waived with min. spend of $12,500 p.a.
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$40,000
Listing image hsbc infinite 2x
HSBC Visa Infinite Credit Card

S$1 = Up to 1.25 Miles

Local Spend

S$1 = Up to 2.25 Miles

Overseas Spend

35,000 Miles

Welcome Gift

Key Features

  • Up to 2.25 air miles per S$1 spent
  • Priority Pass™ Membership card will be automatically issued to the primary Cardholder and the supplementary Cardholder(s) - Unlimited access to over 700 VIP airport lounges worldwide
  • Access to HSBC’s Infinite Travel & Lifestyle Concierge service for personalised assistance, 24/7
  • Complimentary limousine transfer and expedited immigration clearance
  • Automatic worldwide travel insurance coverage for over 20 benefits of up to US$2,000,000

Annual Rates

Principle Annual Fee
$650
Supplementary Annual Fee
0.0
Fee Waiver
Annual programme fee applies
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$120,000
Non-Singaporean Minimum Income
$120,000
Listing scb unlimitedmc shawnt mar8
Standard Chartered Unlimited Cashback Credit Card

3%

Cash Back on Foreign Currency Spend

1.5%

Cash Back on All Other Spend with no cap

S$0

Min. Spend per month

  • Enjoy 3% cashback on foreign currency spend
  • Get up to S$120 cashback when you sign up

Key Features

  • 3% cashback on all foreign currency spend (inclusive of the 1.5% cashback) for the 1st 3 months upon card approval
  • 1.5% cashback on other eligible spend
  • No cashback cap and no minimum spend
  • 2 year annual card fee waiver
  • Enjoy 1-for-1 dining privileges at restaurants such as NamNam Noodle Bar, Peperoni Pizzeria and many more

Annual Rates

Principle Annual Fee
$193
Supplementary Annual Fee
0.0
Fee Waiver
2 years fee waiver
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$60,000
Listing image image american express capita credit card 2x
American Express CapitaCard

S$1 = 10X STAR$

at participating Merchants at CapitaLand Malls

S$1 = 5 STAR$

on All Other Spend

S$50 CapitaVoucher

converted from 50,000 STAR$

Key Features

  • Apply through MoneySmart from 16 May - 31 May 2018 to get S$100 worth of Grab OR CapitaLand Vouchers. Application must be approved by 14 Jun 2018. Submit your (i)Contact Details and (ii)14-digit Reference Number on the Thank You Page upon completion at this link before 19 April 2018. T&Cs
  • Earn 6X STAR$ at CapitaLand Malls; valid till 31 Mar 2018
  • 3-hour complimentary parking across 15 CapitaLand Malls with min spend of S$1,200 per month
  • First year fee waiver
  • Eligible for use with Apple Pay

Annual Rates

Principle Annual Fee
$171
Supplementary Annual Fee
85.6
Fee Waiver
1 year fee waiver and perpetual fee waiver for first 2 Supplementary cards
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$60,000
Listing american express platinum credit card 2x
American Express Platinum Credit Card

S$1.60 = 10 Points

at participating Platinum EXTRA Partners

S$1.60 = 2X Points

on All Other Spend

1 Point = 0.55 Miles

Rewards to Miles Conversion

Key Features

  • Apply through MoneySmart from 16 May - 31 May 2018 to get S$100 worth of Grab OR CapitaLand Vouchers. Application must be approved by 14 Jun 2018. Submit your (i)Contact Details and (ii)14-digit Reference Number on the Thank You Page upon completion at this link before 19 April 2018. T&Cs
  • Love Dining @ Restaurants: 50%, 35%, 15% savings when dining with 1 friend, 2 friends, and alone respectively
  • Enjoy savings at artfully curated restaurants and Singapore's finest hotels with Love Dining
  • Love Dining @ Hotels: Discounts applicable for groups up to 19 pax at Raffles Hotel Singapore, Shangri-La Hotel Singapore, The St. Regis and more
  • With Love Dining @ Hotels, receive a complimentary The Far Card Classic Membership entitling special savings for unlimited visits at choice of 10 restaurants at Singapore's finest hotels
  • Charge S$4,500 to your card at Platinum EXTRA Partners to earn enough points for an Economy Class return ticket to Bali
  • Eligible for use with Apple Pay

Annual Rates

Principle Annual Fee
$321
Supplementary Annual Fee
160.5
Fee Waiver
Perpetual fee waiver for first 2 supplementary cards
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$50,000
Non-Singaporean Minimum Income
$60,000
Listing dbs takashimaya platinum american express card 2 2x
DBS Takashimaya American Express Card

S$10 = 2 Taka Points

at Takashimaya Department Store & Takashimaya Square, B2

S$10 = 2 Taka Points

on All Other Spend at Selected Stores

S$30 Vouchers

converted from 100 Taka Points

Key Features

  • Additional 10% savings during selected sale events at Takashimaya Department Store
  • Get a $30 Takashimaya Voucher with 100 points (S$500 spend)
  • Receive S$3 top-up to CashCard with min. spend of S$120 at Takashimaya Department Store

Annual Rates

Principle Annual Fee
$193
Supplementary Annual Fee
96.3
Fee Waiver
1 year fee waiver, subsequent years waived with min. spend of $6,000 p.a.
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$45,000
Listing credit cards 861  2x
Citibank SMRT Card

5%

Cash Back at Selected Grocery Stores

S$600

Cash Back Cap per year

S$300

Min. Spend per month

  • Get 5% Cash Back with Apple Pay
  • +1 more

Other Promotions

  • Get S$120 Cashback

Key Features

  • Up to 5% savings on Groceries. 2.7% + 2% (for transactions above $50) + 0.3% (if monthly card spend is at least $300)
  • Up to 5% savings on Fast Food, Movies & Coffee. 4.7% + 0.3% (if monthly card spend is at least $300)
  • 5% Cash Back in SMRT$ per S$1 spent on Apple Pay, capped at 600SMRT$ per year, excludes other promotional earn rates, valid till 31 Jul 2018
  • Up to 3% savings on Online Shopping. 2.7% + 0.3% (if monthly card spend is at least $300)
  • Up to 2% EZ-Reload Auto Top-up. 0.3% + 1.7% (If top-up more than $30. If $30 or less, 0.7% awarded instead)
  • Savings awarded in SMRT$. SMRT$ can be redeeemed for cash rebate or vouchers

Annual Rates

Principle Annual Fee
$193
Supplementary Annual Fee
96.3
Fee Waiver
2 years fee waiver for Principal and two (2) Supplementary cards
Annual Interest Rate
26.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$42,000
Listing image everyday 2x
POSB Everyday Card

5%

Cash Back at Sheng Siong

S$50

Cash Back Cap for Sheng Siong

S$0

Min. Spend per month

  • Get 5% Cash Rebate on Overseas Spend
  • Enjoy up to 37.49% savings in fuel
  • +1 more

Other Promotions

  • Online Exclusive - Up to S$200 Cashback

Key Features

  • 5% cash rebate at Sheng Siong. S$50 cash rebate cap per calendar month.
  • 3% cash rebate at Watsons, and local medical spend (dental, clinic, hospital)
  • No minimum spend required
  • Up to 37.49% cash rebate at SPC
  • Get 0.3% on everything else

Annual Rates

Principle Annual Fee
$193
Supplementary Annual Fee
96.3
Fee Waiver
1 year annual fee waiver
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$45,000
Listing image altitude 2x
DBS Altitude Visa Signature Card

S$1 = 1.2 Miles

Local Spend

S$1 = 2 Miles

Overseas Spend

S$1 = 3 Miles

Selected Online Hotel and Flight bookings

  • Win an all-expense paid trip for two to NYC
  • Win a pair of SQ Suites return tickets to one of these 5 locations

Key Features

  • Enjoy up to 3 miles/S$1 on all spend
  • Complimentary travel insurance coverage of up to S$1 million
  • 10,000 bonus miles upon paying annual membership fee; Miles never expire

Annual Rates

Principle Annual Fee
$193
Supplementary Annual Fee
96.3
Fee Waiver
1 year fee waiver
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$45,000
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The Best Credit Card for You? 3 Steps to Help You Decide

The best credit card for you depends on your lifestyle and regular spending habits. Here are 3 steps to help you decide which credit card is best for you.

Step 1

Find a card that fits your spending habits

Think about your current lifestyle and spending habits. What are the things you spend the most money on? For example, if you’re a real foodie and spend a lot on dining out, then it makes sense to get a card with double rewards points for eating out and useful perks like 1-for-1 deals at restaurants.

Step 2

Plan how to use your credit card benefits

Credit cards come with a whole plethora of benefits for cardholders. You’ll need to narrow things down by focusing on the benefits that you would actually use. Do you want to collect air miles and fund your upcoming travels? Or accumulate points for shopping vouchers? Or would you rather enjoy cash rebates? This is a deeply personal matter, so it’s worth considering how you like to be rewarded.

Step 3

Check the Terms & Conditions

Now that you’ve got a shortlist of credit cards, it’s time to dig deeper into the details of the rewards or air miles programmes. Find out all you can about terms and conditions like expiry dates, exclusions, minimum spend, credit limit, etc. Be sure to ask a bank rep to clarify if you don’t see answers anywhere.

Common Credit Card Fees

Annual fees aren’t the only type of credit card charges you might be paying. Many of these other common fees will impact the benefits you earn, so be mindful of them and actively monitor your spend.

Balance Transfer Fees

Charged when you move a balance from one card to another, usually 2-4% of the amount transferred.

Cash Advance Fees

Some credit cards allow you to withdraw cash from ATMs, using your credit line. Be prepared to fork out up to 6% of the transaction amount, plus 2%+ daily charges on unpaid withdrawn balance.

Foreign Transaction Fees

Charged for transactions processed outside of Singapore, whether while you’re travelling or making an online purchase. This is usually 2.5% to 3% on top of the prevailing foreign exchange rate.

Did you know?

Paying the Minimum Balance Can Be Very Costly

Because credit cards are effectively short-term loans, you are meant to pay off your bills in full every month. If you make only the minimum payment each month, you may accrue huge additional costs on top of your bill due to the credit card’s interest rate (typically 24%+)!

Your Credit Card Behaviour Affects Your Credit Score

If you plan to apply for any kind of credit or loan (such as a housing loan or car loan) in the future, be aware that any “bad behaviour” with your credit card can come back to haunt you in the form of a bad credit score.

More From The MoneySmart Blog

Check out our blog for more personal finance tips and insights.

Frequently Asked Questions

How do credit cards work?

A credit card is basically a way to borrow money from a bank to make purchases. Unlike a bank loan, a credit card “loans” money in smaller amounts and on a short-term basis, requiring you to pay the bank back monthly (or be subject to unpleasant penalties and interest fees). The biggest payment networks are MasterCard, VISA and American Express, but do note that merchants may not accept all types.

How do I apply for a credit card?

Simply fill out an application online or at a bank branch and submit the required documents such as proof of income. After approval, the bank will inform you about how much you are allowed to borrow and mail you your new credit card. You’ll need to activate the credit card as well as sign on the back.

What’s the difference between debit cards and credit cards?

Unlike credit cards, debit cards do not involve any borrowing. They are linked to your bank account, so purchases made on your debit card are paid for by deducting straight from your funds. You must have sufficient funds on hand to use your debit card. If you have a credit card, you can borrow the money for the time being and pay it back later.

How to prevent credit card fraud?

There’s no sure-fire way to prevent credit card fraud, so unfortunately holding a credit card also means being vigilant about making sure it doesn’t end up in the wrong hands. Make use of credit card alerts, monitor your transactions closely, be wary of phishing scams and don’t make it easy for others to get hold of your credit card information.

What should I do with my credit card statement?

It might not be the most fun thing to read, but it IS super important to understand your credit card statement. So don’t throw it away without checking it. Of course, after reading the statement you will have to pay your bill – typically through online banking, though some people use ATMs, SAMs, AXS machines or go to the bank in person.