Compare the Latest Credit Card Promotions in Singapore 2018

Updated September 2018

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

Citibank SMRT Card
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 Takashimaya OR CapitaLand Vouchers!

Promo Features

  • Apply through MoneySmart between 06 Sep 2018 - 05 Oct 2018 and get free S$200 NTUC FairPrice Or Takashimaya Or CapitaLand Vouchers. Valid for New-to-Bank customers only

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 AssociationVisa
Wireless PaymentVisa payWave, Samsung Pay, Citi Pay
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!

Promo Features

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
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

Promo Features

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

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

Promo Features

  • Option 1: Get a Samsonite Astra 55cm luggage (worth S$350) when you charge S$600 to your new card within a month of Card Account opening date
  • Option 2: Get S$100 Cash Back when you charge S$600 to your new card within a month of Card Account opening date
  • Valid for New Cardholders
  • Existing Cardholders are entitled to S$50 Cash Back

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

Promo Features

  • Get up to $200 cash credit when you sign up for the One Card and One Account
  • Up to $150 for the One Card and up to $50 for the One Account
  • Cash credit limited to first 500 successful applicants with Min Spend of $1,200 within 30 days of card approval
  • Valid till 30 September 2018 for new customers only. T&Cs apply

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
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

Promo Features

  • Option 1: Get a Samsonite Astra 55cm luggage (worth S$350) when you charge S$600 to your new card within a month of Card Account opening date
  • Option 2: Get S$100 Cash Back when you charge S$600 to your new card within a month of Card Account opening date
  • Valid for New Cardholders
  • Existing Cardholders are entitled to S$50 Cash Back

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)

Promo Features

  • Receive up to 10,000 welcome miles when you apply
  • Spend a min amount of S$6,000 within 3 months of card approval to qualify
  • Limited to first 2,000 spenders
  • Valid till 31 Oct 2018
  • T&Cs apply

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
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

Promo Features

  • S$1 = 2 Miles or 6 Points (Local spend)
  • S$1 = 5 Miles or 15 Points (Overseas spend)
  • Promotional rates are valid from 23 July - 31 Dec 2018

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
Bank of China Qoo10 World Mastercard®
Bank of China Qoo10 World Mastercard®

20%

Rebate on Buses & MRT

S$80

Rebate Cap per month

S$600

Min. Spend per month

  • Unlimited rebate on Overseas Spend
  • Enjoy up to 15% rebate

Promo Features

  • Get Qcoupons worth S$100 when you apply and receive approval for your BOC Qoo10 World Mastercard Card
  • Each S$100 Qcoupons pack consists of 1xS$30 Qcoupon (with min. spend of S$60/transaction), 2xS20 Qcoupon (with min. spend of S$40/transaction/coupon), 3xS$10 Qcoupon (with min. spend of S$20/transaction/coupon)
  • All Qcoupons are valid for 30 days after redemption
  • Limited to the first 2,000 successful applicants for a BOC Qoo10 World Mastercard Card

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 PaymentN/A
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

Promo Features

  • Get up to $200 cash credit when you apply online for YOLO and the One Account. Valid till 30 September for new customers only. T&Cs apply
  • 12% cash rebate All Week on Grab, Dining and Entertainment for new Cardmembers within the first 3 months of card approval
  • Spend a minimum of S$1,200 within the first 30 days for new members
  • Categories with 3% rebate will receive a Bonus Rebate of 9%. Categories with 8% rebate will receive a Bonus Rebate of 4%.
  • Bonus Rebate capped at S$40 per month

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
POSB Everyday Card
POSB Everyday Card

5%

Cash Back at Sheng Siong

S$50

Cash Back Cap for Sheng Siong

S$0

Min. Spend per month

  • Online Exclusive: Up to 20% cash rebates

Promo Features

  • Enjoy up to 20.1% savings in fuel
  • Be a registered SPC&U member
  • Charge a min. of S$180 nett on fuel at SPC per qualifying period to receive S$5 SPC e-coupon
  • Charge to your POSB Everyday Card to receive a bonus Daily$5
  • Applicable to the first 2,500 POSB Everyday Cardholders with an accumulated spend of S$180 at SPC per qualifying period
  • Qualifying periods: 16 Apr - 15 May 2018 and 16 May - 15 Jun 2018

Annual Interest Rate and Fees

Annual Interest Rate25.90%
Principle Annual Fee$193
Supplementary Annual Fee96.3
Fee WaiverAvailable
Minimum Monthly Repayment3% or $80, whichever is higher
Interest Free Period20 days

Minimum Income Requirements

Singaporean$30,000
Foreigner$45,000

Other

Card AssociationMasterCard
Wireless PaymentMasterCard PayPass, Apple Pay, Samsung Pay, Google 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

Promo Features

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

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
Standard Chartered Rewards+ Credit Card
Standard Chartered Rewards+ Credit Card

S$1= 10X Points

on Foreign Currency Spend

S$1= 5X Points

on Local Dining Spend

1 Point = 0.29 Miles

Rewards to Miles Conversion

  • Get S$150 in Amazon Credits or up to S$100 cashback
  • Get 15% cashback with Grab
  • +2 more

Other Promotions

  • Up to 50% off dining at The Fullerton Hotel
  • Enjoy 1-for-1 Platinum Movie Suites Tickets with Cathay Cineplexes

Promo Features

  • Get S$150 in Amazon Credits or up to S$100 cashback
  • Get 15% cashback with Grab
  • Up to 50% off dining at The Fullerton Hotel

Annual Interest Rate and Fees

Annual Interest Rate25.90%
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
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

Promo Features

  • Get up to 60,000 STAR$
  • Receive 30,000 Bonus STAR$ after your first successful transaction within the first 6 months upon card approval
  • Additional 30,000 Bonus STAR$ when you spend S$888 within first 6 months
  • Valid till 30 Sep 2018

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
HSBC Visa Platinum Credit Card
HSBC Visa Platinum Credit Card

Up to 5%

Cash Back on Petrol, Groceries, Dining & Selected Recurring Bills

S$120

Cash Back Cap per quarter

S$800

Min. Spend per month, per quarter

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

Promo Features

  • Option 1: Get a Samsonite Astra 55cm luggage (worth S$350) when you charge S$600 to your new card within a month of Card Account opening date
  • Option 2: Get S$100 Cash Back when you charge S$600 to your new card within a month of Card Account opening date
  • Valid for New Cardholders
  • Existing Cardholders are entitled to S$50 Cash Back

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
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.

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.

More From The MoneySmart Blog

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

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.