Compare the Best Credit Cards in Singapore 2018

Updated September 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.

Popular Credit Cards

Citi Rewards Card
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

MoneySmart Exclusive: Get S$200 NTUC Fairprice OR Takashimaya OR CapitaLand Vouchers!

Key Features

  • 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 Interest Rate and Fees

Annual Interest Rate26.90%
Principle Annual Fee$193
Supplementary Annual Fee96.3
Fee WaiverAvailable
Minimum Monthly Repayment1% or S$50, whichever is higher
Interest Free Period25 days

Minimum Income Requirements

Singaporean$30,000
Foreigner$42,000

Other

Card AssociationMasterCard, Visa
Wireless PaymentMaster PayPass, Visa payWave, Samsung Pay, Citi Pay
UOB YOLO Credit Card
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 up to $200 cash credit when you apply online

Key Features

  • 8% cash back on weekend and 3% cash back on weekday Grab, Dining and Entertainment
  • 3% cash rebate on Online Travel and Fashion
  • Kickstart your investment journey with the Young Professionals Solution by pairing with your UOB YOLO Card and UOB One Account where you can earn up to 3.88% p.a. deposit interest rate
  • Up to 13% off at Expedia, Agoda, and more.
  • Free Travel Insurance Coverage when you charge your travel tickets to your card (Up to $500,000)

Annual Interest Rate and Fees

Annual Interest Rate25.90%
Principle Annual Fee$193
Supplementary Annual FeeN/A
Fee WaiverAvailable
Minimum Monthly Repayment3% or S$50, whichever is higher
Interest Free Period21 days

Minimum Income Requirements

Singaporean$30,000
Foreigner$40,000

Other

Card AssociationVisa
Wireless PaymentVisa payWave, Apple Pay, Samsung Pay, Android Pay, Mighty Pay
Standard Chartered Unlimited Cashback Credit Card
Standard Chartered Unlimited Cashback Credit Card

1.5%

Cash Back on All Spend with no cap

S$0

Min. Spend per month

Unlimited

Cash Back Cap

  • Get S$150 in Amazon Credits or up to S$100 cashback
  • Stand a chance to win a trip for 2 to New York or up to S$1000 cashback
  • +2 more

Other Promotions

  • Get 15% cashback with Grab
  • Up to 50% off dining at The Fullerton Hotel

Key Features

  • 1.5% cashback on other eligible spend
  • No cashback cap and no minimum spend
  • Get up to $120 cash back when you apply online
  • 2 year annual card fee waiver
  • Annual Interest Rate and Fees

    Annual Interest Rate25.90%
    Principle Annual Fee$193
    Supplementary Annual Fee0.0
    Fee WaiverAvailable
    Minimum Monthly Repayment1% or S$50, whichever is higher
    Interest Free Period

    Minimum Income Requirements

    Singaporean$30,000
    Foreigner$60,000

    Other

    Card AssociationMasterCard
    Wireless PaymentMasterCard PayPass, Apple Pay, Samsung Pay, Google Pay
    HSBC Advance Credit Card
    HSBC Advance Credit Card

    Up to 3.5%

    Cash Back on All Spend

    S$125

    Cash Back Cap per month

    S$0

    Min. Spend per month

    • Option 1: Get a Samsonite Astra 55cm luggage (worth S$350)
    • Option 2: S$100 Cash Back

    Key Features

    • Up to 3.5% Cash Back on all purchases
    • No minimum spend required
    • Up to 75% off hotel bookings on Agoda and 10% off hotel books on Expedia
    • 1 year card annual fee waiver / Perpetual card annual fee waiver for HSBC Advance banking customers

    Annual Interest Rate and Fees

    Annual Interest Rate25.90%
    Principle Annual Fee$193
    Supplementary Annual Fee0.0
    Fee WaiverAvailable
    Minimum Monthly Repayment3% or S$50, whichever is higher
    Interest Free Period20 days

    Minimum Income Requirements

    Singaporean$30,000
    Foreigner$40,000

    Other

    Card AssociationVisa
    Wireless PaymentVisa payWave, Apple Pay
    UOB One Card
    UOB One Card

    Up to 5%

    Cash Back on All Spend

    S$300

    Cash Back Cap per quarter

    S$2000

    Min. Spend per month, per quarter

    • 1 Million $1 Deals Weekly Deal: S$1 for a bag of South Africa Red Apples from Giant (U.P. S$3) till 23 Sep
    • Get up to $200 Cash Credit when you apply online

    Key Features

    • Up to 5% cash rebate on all spend for spend above S$2,000/month per quarter (up to 3.33% cash rebate for spend of $500 or $1,000 monthly)
    • Up to 24% savings on fuel purchases at SPC and 20.8% at Shell Stations
    • Up to 10% additional SMART$ rebate with UOB SMART$ Rebate Programme at over 400 participating merchants
    • First year annual fee waiver

    Annual Interest Rate and Fees

    Annual Interest Rate25.90%
    Principle Annual Fee$193
    Supplementary Annual Fee1st supplementary card free; $96.30 for subsequent cards
    Fee WaiverAvailable
    Minimum Monthly Repayment3% of S$50, whichever is higher
    Interest Free Period21 days

    Minimum Income Requirements

    Singaporean$30,000
    Foreigner$40,000

    Other

    Card AssociationVisa
    Wireless PaymentVisa payWave, Apple Pay, Samsung Pay, Android Pay, Mighty Pay
    Standard Chartered Spree Credit Card
    Standard Chartered Spree Credit Card

    3%

    Cash Back on Online Spends in Foreign Currency

    S$60

    Cash Back Cap per month

    S$0

    Min. Spend per month

    • Get S$150 in Amazon Credits or up to S$100 cashback
    • Get 15% cashback with Grab

    Key Features

    • No minimum spend and up to S$60 cashback/month
    • 3% cashback on all online spends in foreign currency and vPost spends
    • 2% cashback on all online spends in local currency, contactless and mobile payments
    • 1% cashback on all other retail transactions

    Annual Interest Rate and Fees

    Annual Interest Rate25.90%
    Principle Annual Fee$193
    Supplementary Annual Fee0.0
    Fee WaiverAvailable
    Minimum Monthly Repayment1% or S$50, whichever is higher
    Interest Free Period

    Minimum Income Requirements

    Singaporean$30,000
    Foreigner$60,000

    Other

    Card AssociationVisa
    Wireless PaymentVisa payWave, Apple Pay, Samsung Pay, Google Pay
    American Express Singapore Airlines KrisFlyer Ascend Credit Card
    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 43,000 Bonus KrisFlyer Miles

    Key Features

    • 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 13,000 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 31 Dec 2018
    • Up to $1 million travel insurance coverage

    Annual Interest Rate and Fees

    Annual Interest Rate25.90%
    Principle Annual Fee$337
    Supplementary Annual Fee80.25
    Fee WaiverNot Available
    Minimum Monthly Repayment3% or S$50, whichever is higher
    Interest Free Period22 days

    Minimum Income Requirements

    Singaporean$50,000
    Foreigner$60,000

    Other

    Card AssociationAmerican Express
    Wireless PaymentApple Pay, Samsung Pay, Google Pay
    American Express CapitaCard
    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$

    • Get S$60 CapitaVouchers

    Key Features

    • 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 Interest Rate and Fees

    Annual Interest Rate25.90%
    Principle Annual Fee$171
    Supplementary Annual Fee85.6
    Fee WaiverAvailable
    Minimum Monthly Repayment3% or $50, whichever is higher
    Interest Free Period22 days

    Minimum Income Requirements

    Singaporean$30,000
    Foreigner$60,000

    Other

    Card AssociationAmerican Express
    Wireless PaymentApple Pay, Samsung Pay, Google Pay
    Standard Chartered Visa Infinite Credit Card
    Standard Chartered Visa Infinite Credit Card

    S$1 = 1.4 Miles

    Local Spend

    S$1 = 3 Miles

    Overseas Spend

    35,000 Miles

    Welcome Gift

    • 35k Miles OR 15k Miles + 28" Samsonite Lite-Shock Spinner (worth S$950)
    • Get 15% cashback with Grab

    Key Features

    • $1 = 1.4 miles (Local)
    • $1 = 3 miles (Overseas)
    • Complimentary visits to the airport lounges under the Priority Pass Lounge program
    • Complimentary Travel Accident Insurance coverage of up to S$1,000,000

    Annual Interest Rate and Fees

    Annual Interest Rate24.46%
    Principle Annual Fee$589
    Supplementary Annual Fee0.0
    Fee WaiverNot Available
    Minimum Monthly Repayment1% of S$50, whichever is higher
    Interest Free Period22 days

    Minimum Income Requirements

    Singaporean$150,000
    Foreigner$150,000

    Other

    Card AssociationVisa
    Wireless PaymentVisa payWave
    HSBC Revolution Credit Card
    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: Get a Samsonite Astra 55cm luggage (worth S$350)
    • 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 Interest Rate and Fees

    Annual Interest Rate25.90%
    Principle Annual Fee$150
    Supplementary Annual Fee0.0
    Fee WaiverAvailable
    Minimum Monthly Repayment3% or S$50, whichever is higher
    Interest Free Period20 days

    Minimum Income Requirements

    Singaporean$30,000
    Foreigner$40,000

    Other

    Card AssociationVisa
    Wireless PaymentVisa payWave, Apple Pay
    UOB PRVI Miles Card
    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 Oct 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 Interest Rate and Fees

    Annual Interest Rate25.90%
    Principle Annual Fee$257
    Supplementary Annual Fee128.4
    Fee Waiver1 year fee waiver, free first 2 supplementary cards
    Minimum Monthly Repayment3% or S$50, whichever is higher
    Interest Free Period21 days

    Minimum Income Requirements

    Singaporean$30,000
    Foreigner$40,000

    Other

    Card AssociationMasterCard, Visa, American Express
    Wireless PaymentMasterCard PayPass, Visa payWave, Apple Pay, Samsung Pay, Android Pay, Mighty Pay
    American Express Platinum Credit Card
    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

    • 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 Interest Rate and Fees

    Annual Interest Rate25.90%
    Principle Annual Fee$321
    Supplementary Annual Fee160.5
    Fee WaiverNot Available
    Minimum Monthly Repayment3% or S$50, whichever is higher
    Interest Free Period22 days

    Minimum Income Requirements

    Singaporean$50,000
    Foreigner$60,000

    Other

    Card AssociationAmerican Express
    Wireless PaymentApple Pay, Samsung Pay, Google Pay
    BOC Elite Miles World Mastercard®
    BOC Elite Miles World Mastercard®

    S$1 = 2 Miles

    Local Spend

    S$1 = 5 Miles

    Overseas Spend

    1 Point = 0.33 Miles

    Rewards to Miles Conversion

    • Earn up to 5 Miles per $1 spent
    • Win return ticket to Bangkok with Singapore Airlines

    Key Features

    • Local Spend: S$1 = 2 Miles (6 BOC Points)
    • Overseas Spend: S$1 = 5 miles (15 BOC Points)
    • BOC Points can be converted to miles and vouchers (e.g. Grab, Petrol, Golden Village, Qoo10, Grocery)
    • No minimum spend and no cap on earned miles
    • To apply, SMS BOCCARD[space]EMMS[space]Name to 79777

    Annual Interest Rate and Fees

    Annual Interest Rate28.88%
    Principle Annual Fee$190
    Supplementary Annual Fee$95
    Fee WaiverAvailable
    Minimum Monthly Repayment3% or S$50, whichever is higher
    Interest Free Period23 days

    Minimum Income Requirements

    Singaporean$30,000
    Foreigner$60,000

    Other

    Card AssociationMasterCard
    Wireless PaymentMasterCard PayPass
    DBS Live Fresh Card
    DBS Live Fresh Card

    Up to 5%

    Cash Back on Online Spend & Contactless Payments

    S$60

    Cash Back Cap per month

    S$600

    Min. Spend per month

    • ZoukOut VIP party experience worth S$10,000
    • Online Exclusive: up to S$100 cashback
    • +1 more

    Other Promotions

    • Win a pair of SQ Suites return tickets to one of these 5 locations

    Key Features

    • 5% cashback on online shopping and when you pay using Visa payWave, Apple Pay, Samsung Pay or Google Pay through your Card
    • Get 0.3% cashback on everything else with no cap on rebates
    • Auto EZ-Reload
    • 1-year annual fee waiver

    Annual Interest Rate and Fees

    Annual Interest Rate25.90%
    Principle Annual Fee$128
    Supplementary Annual Fee64.2
    Fee WaiverAvailable
    Minimum Monthly Repayment3% or S$50, whichever is higher
    Interest Free Period20 days

    Minimum Income Requirements

    Singaporean$30,000
    Foreigner$45,000

    Other

    Card AssociationVisa
    Wireless PaymentVisa payWave, Apple Pay, Samsung Pay, Google Pay
    HSBC Visa Infinite Credit Card
    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 Interest Rate and Fees

    Annual Interest Rate25.90%
    Principle Annual Fee$650
    Supplementary Annual Fee0.0
    Fee WaiverNot Available
    Minimum Monthly Repayment3% or S$50, whichever is higher
    Interest Free Period20 days

    Minimum Income Requirements

    Singaporean$120,000
    Foreigner$120,000

    Other

    Card AssociationVisa
    Wireless PaymentVisa payWave, Apple Pay
    Show more cards

    Best Credit Card Singapore

    Best ForCredit CardAnnual Fee
    Savings on dining, grocery and grab spendingsCiti Cash Back CardSingaporean S$30,000
    Foreigner S$42,000
    Earning bonus miles that do not expireCiti PremierMiles Visa CardSingaporean S$30,000
    Foreigner S$42,000
    Convenience and perks for frequent flyersAmerican Express Singapore Airlines KrisFlyer Credit CardSingaporean S$30,000
    Foreigner S$60,000
    Unlimited cashback with Ez-link capabilitiesStandard Chartered Unlimited Cashback Credit CardSingaporean S$30,000
    Foreigner S$60,000
    Card and Savings Account BundleUOB One CardSingaporean S$30,000
    Foreigner S$40,000
    Highest cashback on any contactless paymentDBS Live Fresh CardSingaporean S$30,000
    Foreigner S$45,000
    Newlyweds and married couplesHSBC Advance Credit CardSingaporean S$30,000
    Foreigner S$45,000

    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.