Compare the Latest Credit Card Promotions in Singapore 2019

Updated June 2019

Find the latest credit card promotions in Singapore. Get free luggage, cash rebates, bonus miles and other attractive gifts when you sign up for these credit cards.

Popular Promo Credit Cards

Get S$200 Vouchers

Citibank SMRT Card

5%

Cash Back at Selected Grocery Stores

S$600

Cash Back Cap per year

S$300

Min. Spend per month

MoneySmart Exclusive: Get S$200 NTUC Fairprice OR CapitaLand Vouchers! Applies to new to bank customers.Valid till 30 Jun 2019.

5%

Cash Back at Selected Grocery Stores

S$600

Cash Back Cap per year

S$300

Min. Spend per month

MoneySmart Exclusive: Get S$200 NTUC Fairprice OR CapitaLand Vouchers! Applies to new to bank customers.Valid till 30 Jun 2019.

Promo Features

  • Apply through MoneySmart between 1 Jun 2019 - 30 Jun 2019 and get a free S$200 NTUC FairPrice Or CapitaLand Vouchers
  • Cards applicable for this promotion are the Citi Cash Back Card, Citi PremierMiles Visa Card & Citi SMRT Card
  • You should receive an email from us 4 weeks after the promotion period ends with more details about redemption
  • Only New-to-Bank Customers will be eligible for the promotion. For the full T&Cs, click here
  • Important – Go to MoneySmart Claim Form to submit your (1) Contact Details and (2) Unique Reference Number (URN) for your S$200 Cash Gift

Annual Interest Rate and Fees

Annual Interest Rate26.90%
Principle Annual Fee$193
Supplementary Annual Fee$96.30
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 AssociationVisa
Wireless PaymentVisa payWave, Samsung Pay, Citi Pay

Get S$200 or 30k Points

Citi Rewards Card

S$1= 10X Points

on Online Spend*

S$1= 10X Points

on Shopping Spend

S$1 = 1 Point

on All Other Spend

MoneySmart Exclusive: Get S$200 vouchers OR 30,000 Citi ThankYouSM Points! Applies to new to bank customers.Valid till 30 Jun 2019.

S$1= 10X Points

on Online Spend*

S$1= 10X Points

on Shopping Spend

S$1 = 1 Point

on All Other Spend

MoneySmart Exclusive: Get S$200 vouchers OR 30,000 Citi ThankYouSM Points! Applies to new to bank customers.Valid till 30 Jun 2019.

Promo Features

  • Option 1:
  • Apply through MoneySmart between 1 Jun 2019 - 30 Jun 2019 and get a free S$200 NTUC FairPrice Or CapitaLand Vouchers
  • You should receive an email from us 4 weeks after the promotion period ends with more details about redemption
  • Only New-to-Bank Customers will be eligible for the promotion. For the full T&Cs, click here
  • Important – Go to MoneySmart Claim Form to submit your (1) Contact Details and (2) Unique Reference Number (URN) for your S$200 Cash Gift
  • Option 2:
  • Apply through MoneySmart between 1 Jun 2019 - 30 Jun 2019 and get 30,000 Citi ThankYouSM Points
  • 27,000 Bonus Points when S$3,000 spend is met within the qualifying period + 3,000 Points based on S$1 = 1 point when qualifying spend is met
  • Qualifying spend period starts from card approval date till the end of that calendar month + three full calendar months immediately after. E.g. if card is approved in 15 May 2019, the qualifying spend period will be from 15 May - 31 Aug 2019
  • If you are eligible, 30,000 Reward Points will be awarded to you by Citibank
  • Only New-to-Bank Customers will be eligible for the promotion (both options). For the full T&Cs, click here
  • *Bank's T&Cs apply

Annual Interest Rate and Fees

Annual Interest Rate26.90%
Principle Annual Fee$193
Supplementary Annual Fee$96.30
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

Get up to 35,500 KrisFlyer miles

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 rides

MoneySmart Exclusive: Get up to 35,500 KrisFlyer milesValid till 30 Jun 2019.
  • Get 3.1 KrisFlyer miles per S$1 spent on Daily Essentials
  • +1 more

S$1 = 1.1 Miles

Local Spend

S$1 = 2 Miles

Overseas Spend

S$1 = 3.1 Miles

Grab rides

MoneySmart Exclusive: Get up to 35,500 KrisFlyer milesValid till 30 Jun 2019.

Other Promotions

  • Get S$20 CapitaLand Voucher

Promo Features

  • Enjoy up to 35,500 KrisFlyer miles when you apply via MoneySmart for your new American Express KrisFlyer Credit Card. Get 11,150 KrisFlyer miles upon first S$1,500 spend, another 11,350 (7,500+3,850) KrisFlyer miles with a min. spend of S$3,500 within first 3 months of Card Approval date and an additional 13,000 (7,500+5,500) KrisFlyer miles with the next min. spend of S$5,000 within the 4th-6th months of Card Approval. Valid till 30 Jun 2019. Full T&Cs
  • First Year Annual Fee Waiver

Annual Interest Rate and Fees

Annual Interest Rate25.90%
Principle Annual Fee$177
Supplementary Annual Fee53.5
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
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

Online Promotion: Get a Samsonite T5 Spinner with built-in scale (worth S$560) OR S$150 Cash BackValid till 31 Jul 2019.

Up to 3.5%

Cash Back on All Spend

S$125

Cash Back Cap per month

S$0

Min. Spend per month

Online Promotion: Get a Samsonite T5 Spinner with built-in scale (worth S$560) OR S$150 Cash BackValid till 31 Jul 2019.

Promo Features

  • Option 1: Samsonite T5 Spinner with built-in scale (worth S$560) OR Option 2: Get S$150 Cash Back
  • S$800 min spend required to your new card within a month of Card Account opening date
  • Valid for New Cardholders Only
  • Promotion valid from 1 May 2019 - 31 Jul 2019, applications must be approved by 15 Aug 2019
  • Existing Cardholders get S$30 Cash Back
  • Bank T&Cs apply

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

Up to 10%

Cash Back on Grab

S$300

Cash Back Cap per quarter

S$2000

Min. Spend per month, per quarter

Up to 10%

Cash Back on Grab

S$300

Cash Back Cap per quarter

S$2000

Min. Spend per month, per quarter

Promo Features

  • Get S$100 worth of free Grab rides
  • Limited to first 400 qualifying new-to-UOB Credit Cardmembers
  • Min spend S$1,000 within the first 30 days of new card approval
  • S$100 worth of free rides given in form of 1 Grab promo code which is valid for 10 unique redemptions
  • Each redemption capped at S$10 per transaction

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

5%

Cash Back on Eligible Spend with up to S$100 cap

3%

Cash Back on Online Spends in Foreign Currency

S$0

Min. Spend per month

Online Promotion: Get up to S$120 cashback + Instant Digital Card ApprovalValid till 30 Jun 2019.

5%

Cash Back on Eligible Spend with up to S$100 cap

3%

Cash Back on Online Spends in Foreign Currency

S$0

Min. Spend per month

Online Promotion: Get up to S$120 cashback + Instant Digital Card ApprovalValid till 30 Jun 2019.

Promo Features

  • New-To-Bank customers: Get up to S$100 Cashback and instant digital card approval with MyInfo when you apply for SCB SpreeCard and S$20 when you spend minimum S$1 within 3 days from approval date
  • Existing Card Customers: Get up to S$20 and instant digital card approval with MyInfo when you apply for SCB Spree Card and S$20 when you spend S$1 within 3 days from approval date
  • Get 15% cashback with Grab

Annual Interest Rate and Fees

Annual Interest Rate26.90%
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
Standard Chartered Rewards+ Credit Card

5%

Cash Back on Eligible Spend with up to S$100 cap

15%

Cash Back with Grab

S$1= 10X Points

on Foreign Currency Spend

Online Promotion: Get up to S$120 cashback + Instant Digital Card ApprovalValid till 30 Jun 2019.

5%

Cash Back on Eligible Spend with up to S$100 cap

15%

Cash Back with Grab

S$1= 10X Points

on Foreign Currency Spend

Online Promotion: Get up to S$120 cashback + Instant Digital Card ApprovalValid till 30 Jun 2019.

Promo Features

  • New-To-Bank customers: Get up to S$100 Cashback and instant digital card approval with MyInfo when you apply for SCB Rewards+ Card and S$20 when you spend minimum S$1 within 3 days from approval date
  • Existing Card Customers: Get up to S$20 and instant digital card approval with MyInfo when you apply for SCB Rewards+ Card and S$20 when you spend S$1 within 3 days from approval date
  • Get 15% cashback with Grab
  • Up to 50% off dining at The Fullerton Hotel

Annual Interest Rate and Fees

Annual Interest Rate26.90%
Principle Annual Fee$193
Supplementary Annual FeeN/A
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
HSBC Visa Platinum Credit Card

5%

Cash Back on Dining, Groceries, Petrol

S$250

Cash Back Cap per quarter

S$600

Min. Spend per month, per quarter

Online Promotion: Get a Samsonite T5 Spinner with built-in scale (worth S$560) OR S$150 Cash Back Valid till 31 Jul 2019.

5%

Cash Back on Dining, Groceries, Petrol

S$250

Cash Back Cap per quarter

S$600

Min. Spend per month, per quarter

Online Promotion: Get a Samsonite T5 Spinner with built-in scale (worth S$560) OR S$150 Cash Back Valid till 31 Jul 2019.

Promo Features

  • Option 1: Samsonite T5 Spinner with built-in scale (worth S$560) OR Option 2: Get S$150 Cash Back
  • S$800 min spend required to your new card within a month of Card Account opening date
  • Valid for New Cardholders Only
  • Promotion valid from 1 May 2019 - 31 July 2019, applications must be approved by 15 Aug 2019
  • Existing Cardholders get S$30 Cash Back
  • Bank T&Cs apply

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
Standard Chartered Visa Infinite Credit Card

S$1 = 1.4 Miles

Local Spend

S$1 = 3 Miles

Overseas Spend

35,000 Miles

Welcome Gift

Online Promotion: Get 35,000 Welcome Miles + Instant Digital Card Approval Valid till 30 Jun 2019.

S$1 = 1.4 Miles

Local Spend

S$1 = 3 Miles

Overseas Spend

35,000 Miles

Welcome Gift

Online Promotion: Get 35,000 Welcome Miles + Instant Digital Card Approval Valid till 30 Jun 2019.

Promo Features

  • Get S$20 Cashback when you apply for SCB Visa Infinite Card via MyInfo and get instant card approval, and spend minimum S$1 within 3 days from approval date
  • Get 35,000 Miles and receive instant digital card approval with MyInfo when you apply for SCB Visa Infinite Credit Card via MoneySmart
  • Applicable when you pay the annual fee of $588.50

Annual Interest Rate and Fees

Annual Interest Rate26.90%
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

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

Online Promotion: Get a Samsonite T5 Spinner with built-in scale (worth S$560) OR S$150 Cash Back Valid till 31 Jul 2019.

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

Online Promotion: Get a Samsonite T5 Spinner with built-in scale (worth S$560) OR S$150 Cash Back Valid till 31 Jul 2019.

Promo Features

  • Option 1: Samsonite T5 Spinner with built-in scale (worth S$560) OR Option 2: Get S$150 Cash Back
  • S$800 min spend required to your new card within a month of Card Account opening date
  • Valid for New Cardholders Only
  • Promotion valid from 1 May 2019 - 31 Jul 2019, applications must be approved by 15 Aug 2019
  • Existing Cardholders get S$30 Cash Back
  • Bank T&Cs apply

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

S$1 = 1.4 Miles

Local Spend

S$1 = 2.4 Miles

Overseas Spend

S$1 = 10 Miles

Selected Online Hotel and Flight bookings

  • Get up to 12,000 welcome miles
  • Enjoy up to 3 miles for every S$1 spent on Grab

S$1 = 1.4 Miles

Local Spend

S$1 = 2.4 Miles

Overseas Spend

S$1 = 10 Miles

Selected Online Hotel and Flight bookings

Promo Features

  • Limited to first 400 qualifying new-to-UOB Credit Cardmembers (for Mastercard and Visa)
  • Min spend S$1,000 within the first 30 days of new card approval
  • S$100 worth of free rides given in form of 1 Grab promo code which is valid for 10 unique redemptions
  • Each redemption capped at S$10 per transaction
  • Valid till 31 March 2019
  • For UOB PRVI Miles American Express® Credit Card Applicants only, All successful Applicants from 24 Jan - 31 March 2019 who charge a minimum of S$1,000 with first 30 days will receive S$100 worth of free Grab rides
  • S$100 worth of free rides given in the form of a single voucher code worth S$100 valid for 10 unique redemptions only, each redemption capped at S$10 per transaction
  • For UOB PRVI Miles American Express® Credit Card Applicants only, Existing Cardmembers will receive S$30 worth of free Grab rides
  • S$30 worth of free rides given in form of a single voucher code worth S$30, valid for 3 unique redemptions only, each redemption capped at S$10 per transaction
  • For UOB PRVI Miles American Express® Credit Card Applicants, min spend of S$1,000 within first 30 days of card approval

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
Maybank Horizon Visa Signature

S$1 = 8X Points

on Dining, Petrol, Taxi and Hotel Bookings at Agoda

S$1 = 5X Points

on Air Tickets, Travel Packages and Foreign Currency Spend

1 Point = 0.5 miles

Rewards to Miles Conversion for Selected Airline Partners

Online Promotion: Get S$100 Cash Credit with Maybank Credit Cards and CreditAbleValid till 31 Jul 2019.

S$1 = 8X Points

on Dining, Petrol, Taxi and Hotel Bookings at Agoda

S$1 = 5X Points

on Air Tickets, Travel Packages and Foreign Currency Spend

1 Point = 0.5 miles

Rewards to Miles Conversion for Selected Airline Partners

Online Promotion: Get S$100 Cash Credit with Maybank Credit Cards and CreditAbleValid till 31 Jul 2019.

Promo Features

  • Receive S$50 cash credit (Samsonite Orfeo 69cm Spinner FULLY REDEEMED) when you sign up for 2 new Maybank Credit Cards and CreditAble Account
  • Spend a minimum of S$500 to your Credit Cards and/or CreditAble account within the first 2 months of Card approval to be eligible for this promotion
  • Promotion is exclusive for new Maybank Credit Card and CreditAble applicants who do not hold any Maybank Credit Card(s) or CreditAble Account and/or have not cancelled their existing Maybank Credit Card(s) or their existing CreditAble Account within nine months prior to the start of this Promotion
  • Limited to first 8,500 applicants
  • Subsequent successful applicants are entitled to S$50 cash credit
  • Valid until July 31, 2018
  • Additional Terms and Conditions apply

Annual Interest Rate and Fees

Annual Interest Rate25.90%
Principle Annual Fee$180
Supplementary Annual FeeComplimentary
Fee WaiverAvailable
Minimum Monthly Repayment3% or S$20, whichever is higher
Interest Free Period20 days

Minimum Income Requirements

Singaporean$50,000
Foreigner$60,000

Other

Card AssociationVisa
Wireless PaymentVisa payWave, Samsung Pay
Maybank FC Barcelona Visa Signature

1.6%

Cash Rebate on All Local Spend

S$1 = 2X Points

on Spend in Foreign Currency

S$0

Min. Spend per month

Online Promotion: Get S$100 Cash Credit with Maybank Credit Cards and CreditAbleValid till 31 Jul 2019.

1.6%

Cash Rebate on All Local Spend

S$1 = 2X Points

on Spend in Foreign Currency

S$0

Min. Spend per month

Online Promotion: Get S$100 Cash Credit with Maybank Credit Cards and CreditAbleValid till 31 Jul 2019.

Promo Features

  • Get S$50 cash credit (Samsonite Orfeo 69cm Spinner FULLY REDEEMED)
  • Win a trip for 2 to watch FC Barcelona LIVE in Camp Nou
  • Receive a limited edition cap and lanyard for first 100 applicants at various Maybank Branches

Annual Interest Rate and Fees

Annual Interest Rate25.90%
Principle Annual Fee$120
Supplementary Annual FeeComplimentary
Fee WaiverAvailable
Minimum Monthly Repayment3% or S$20, whichever is higher
Interest Free Period20 days

Minimum Income Requirements

Singaporean$30,000
Foreigner$60,000

Other

Card AssociationVisa
Wireless PaymentVisa payWave, Samsung Pay
Maybank Platinum Visa Card

Up to 3.33%

Cash Rebates on All Local Spend

0.3%

Cash Rebate on Overseas Spend

S$100

Cash Rebate Cap per quarter

Online Promotion: Get S$100 Cash Credit with Maybank Credit Cards and CreditAbleValid till 31 Jul 2019.

Up to 3.33%

Cash Rebates on All Local Spend

0.3%

Cash Rebate on Overseas Spend

S$100

Cash Rebate Cap per quarter

Online Promotion: Get S$100 Cash Credit with Maybank Credit Cards and CreditAbleValid till 31 Jul 2019.

Promo Features

  • Receive S$50 cash credit (Samsonite Orfeo 69cm Spinner FULLY REDEEMED) when you sign up for 2 new Maybank Credit Cards and CreditAble Account
  • Spend a minimum of S$500 to your Credit Cards and/or CreditAble account within the first 2 months of Card approval to be eligible for this promotion
  • Promotion is exclusive for new Maybank Credit Card and CreditAble applicants who do not hold any Maybank Credit Card(s) or CreditAble Account and/or have not cancelled their existing Maybank Credit Card(s) or their existing CreditAble Account within nine months prior to the start of this Promotion
  • Limited to first 8,500 applicants
  • Subsequent successful applicants are entitled to S$50 cash credit
  • Valid until July 31, 2018
  • Additional Terms and Conditions apply

Annual Interest Rate and Fees

Annual Interest Rate15.00%
Principle Annual Fee$0
Supplementary Annual Fee0.0
Fee WaiverAvailable
Minimum Monthly Repayment3% or S$20, whichever is higher
Interest Free Period20 days

Minimum Income Requirements

Singaporean$30,000
Foreigner$60,000

Other

Card AssociationVisa
Wireless PaymentVisa payWave, Samsung Pay, MaybankPay
UOB YOLO Credit Card

Up to 8%

Cash Back on Online, Grab, Dining and Entertainment spend

Up to S$80

Cash Back Cap per month

S$600

Min. Spend per month

  • Get S$100 when you apply online

Up to 8%

Cash Back on Online, Grab, Dining and Entertainment spend

Up to S$80

Cash Back Cap per month

S$600

Min. Spend per month

Promo Features

  • Get S$100 cash credit when you apply
  • Limited to first 600 new-to-UOB cardmembers with applications approved between 1 April - 30 June 2019
  • Min spend S$1,000 within first 30 days of card approval to be eligible for promotion

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
Show more cards

What Are Credit Card Promotions?

We all have that one relative or friend who swears by credit card sign-up promotions. Every time you see them, they seem to have a new piece of Samsonite luggage for their collection or a wad of Takashimaya vouchers to blow.

Unlike with rewards or miles credit cards, such introductory promotions typically do not require you to accumulate and redeem points. Instead, banks offer attractive sign-up gifts like branded luggage to entice new customers. The credit card itself can be any sort of card.

Try MoneySmart’s new KrisFlyer miles calculator

Use our new KrisFlyer miles redemption calculator and find out which destinations you can travel for free on a travel class of your choice

Types of Credit Card Promotions

Here are 3 common types of promotions offered by credit cards in Singapore:

Free Gifts

Promotional freebies that await when you sign up for a credit card. Apart from that perennial favourite – free luggage – there are also variations such as free mobile data and free petrol. Some credit cards also offer the chance to win bigger-ticket prizes such as package holidays or limited edition branded goods.

Welcome Miles/points

Miles credit cards or rewards credit cards will sometimes sweeten the deal for newcomers with a big bunch of points in the first few months of card usage. These often come with substantial minimum spends.

Cashback Promotions

Some cashback credit cards offer a big cash rebate, e.g. $100 cashback, upon successful application or the first spend on that card. Check if there is a minimum spend or any other catch before you jump at the chance to get free money.

Frequently Asked Questions

What kind of credit card promotion is best?

The ideal credit card promotion is one that merely sweetens the deal on a credit card that is already a good fit for your lifestyle and spending habits – the icing on the cake. Also, make sure you actually need the freebie on offer. If your storeroom is already bursting with 27 other American Tourister bags, maybe skip the free luggage promo this time.

How do I stay on top of new credit card promotions?

By following MoneySmart, of course! Bookmark this page for the latest promotions and keep up with our blog as we’ll feature noteworthy credit card news as it happens.

Is there a drawback to signing up for too many credit cards?

It can be tempting to sign up for many credit cards just for the introductory freebies, but having too many cards can have unintended consequences. For one thing, if you cannot keep track of your credit cards, you are more susceptible to credit card fraud. Applying for too many credit cards or having unused credit cards lying around also does not help your credit score should you wish to take out a loan in the future.