Updated November 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.
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
| Annual Interest Rate | 25.90% |
|---|---|
| Principle Annual Fee | $150 |
| Supplementary Annual Fee | 0.0 |
| Fee Waiver | Available |
| Minimum Monthly Repayment | 3% or S$50, whichever is higher |
| Interest Free Period | 20 days |
| Singaporean | $30,000 |
|---|---|
| Foreigner | $40,000 |
| Card Association | Visa |
|---|---|
| Wireless Payment | Visa payWave, Apple Pay |
8%
Cash Back on Dining, Grab, Groceries & Petrol
S$25
Cash Back Cap per category, per month
S$888
Min. Spend per month
| Annual Interest Rate | 26.90% |
|---|---|
| Principle Annual Fee | $193 |
| Supplementary Annual Fee | $96.30 |
| Fee Waiver | Available |
| Minimum Monthly Repayment | 1% or S$50, whichever is higher |
| Interest Free Period | 25 days |
| Singaporean | $30,000 |
|---|---|
| Foreigner | $42,000 |
| Card Association | MasterCard, Visa |
|---|---|
| Wireless Payment | Visa payWave, MasterCard PayPass, Samsung Pay, Citi Pay |
S$1 = 1.2 Miles
Local Spend
S$1 = 2.4 Miles
Foreign Currency Spend, Retail and Online
S$1 = Up to 10 Miles
Selected Online Hotel and Flight bookings
| Annual Interest Rate | 26.90% |
|---|---|
| Principle Annual Fee | $193 |
| Supplementary Annual Fee | Complimentary |
| Fee Waiver | Avaliable |
| Minimum Monthly Repayment | 1% or S$50, whichever is higher |
| Interest Free Period | 25 days |
| Singaporean | $30,000 |
|---|---|
| Foreigner | $42,000 |
| Card Association | Visa, American Express |
|---|---|
| Wireless Payment | Visa payWave, Samsung Pay, Citi Pay |
5%
Cash Back at Selected Grocery Stores
S$600
Cash Back Cap per year
S$300
Min. Spend per month
| Annual Interest Rate | 26.90% |
|---|---|
| Principle Annual Fee | $193 |
| Supplementary Annual Fee | $96.30 |
| Fee Waiver | Available |
| Minimum Monthly Repayment | 1% or S$50, whichever is higher |
| Interest Free Period | 25 days |
| Singaporean | $30,000 |
|---|---|
| Foreigner | $42,000 |
| Card Association | Visa |
|---|---|
| Wireless Payment | Visa payWave, Samsung Pay, Citi Pay |
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
| Annual Interest Rate | 26.90% |
|---|---|
| Principle Annual Fee | $193 |
| Supplementary Annual Fee | $96.30 |
| Fee Waiver | Available |
| Minimum Monthly Repayment | 1% or S$50, whichever is higher |
| Interest Free Period | 25 days |
| Singaporean | $30,000 |
|---|---|
| Foreigner | $42,000 |
| Card Association | MasterCard, Visa |
|---|---|
| Wireless Payment | Master PayPass, Visa payWave, Samsung Pay, Citi Pay |
5%
Cash Back on Eligible Spend with up to S$100 cap
15%
Cash Back with Grab
Unlimited
Cash Back Cap for the 1.5% Cash Back rate
| Annual Interest Rate | 25.90% |
|---|---|
| Principle Annual Fee | $193 |
| Supplementary Annual Fee | 0.0 |
| Fee Waiver | Available |
| Minimum Monthly Repayment | 1% or S$50, whichever is higher |
| Interest Free Period |
| Singaporean | $30,000 |
|---|---|
| Foreigner | $60,000 |
| Card Association | MasterCard |
|---|---|
| Wireless Payment | MasterCard PayPass, Apple Pay, Samsung Pay, Google Pay |
Up to 3.5%
Cash Back on All Spend
S$125
Cash Back Cap per month
S$0
Min. Spend per month
| Annual Interest Rate | 25.90% |
|---|---|
| Principle Annual Fee | $193 |
| Supplementary Annual Fee | 0.0 |
| Fee Waiver | Available |
| Minimum Monthly Repayment | 3% or S$50, whichever is higher |
| Interest Free Period | 20 days |
| Singaporean | $30,000 |
|---|---|
| Foreigner | $40,000 |
| Card Association | Visa |
|---|---|
| Wireless Payment | Visa payWave, Apple Pay |
Up to 5%
Cash Back on All Spend
S$300
Cash Back Cap per quarter
S$2000
Min. Spend per month, per quarter
| Annual Interest Rate | 25.90% |
|---|---|
| Principle Annual Fee | $193 |
| Supplementary Annual Fee | 1st supplementary card free; $96.30 for subsequent cards |
| Fee Waiver | Available |
| Minimum Monthly Repayment | 3% of S$50, whichever is higher |
| Interest Free Period | 21 days |
| Singaporean | $30,000 |
|---|---|
| Foreigner | $40,000 |
| Card Association | Visa |
|---|---|
| Wireless Payment | Visa payWave, Apple Pay, Samsung Pay, Android Pay, Mighty Pay |
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
| Annual Interest Rate | 25.90% |
|---|---|
| Principle Annual Fee | $193 |
| Supplementary Annual Fee | 0.0 |
| Fee Waiver | Available |
| Minimum Monthly Repayment | 1% or S$50, whichever is higher |
| Interest Free Period |
| Singaporean | $30,000 |
|---|---|
| Foreigner | $60,000 |
| Card Association | Visa |
|---|---|
| Wireless Payment | Visa payWave, Apple Pay, Samsung Pay, Google Pay |
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
| Annual Interest Rate | 25.90% |
|---|---|
| Principle Annual Fee | $193 |
| Supplementary Annual Fee | N/A |
| Fee Waiver | Available |
| Minimum Monthly Repayment | 1% or S$50, whichever is higher |
| Interest Free Period |
| Singaporean | $30,000 |
|---|---|
| Foreigner | $60,000 |
| Card Association | Visa |
|---|---|
| Wireless Payment | Visa Paywave, Apple Pay, Samsung Pay, Google Pay |
S$1 = 1.4 Miles
Local Spend
S$1 = 3 Miles
Overseas Spend
35,000 Miles
Welcome Gift
| Annual Interest Rate | 24.46% |
|---|---|
| Principle Annual Fee | $589 |
| Supplementary Annual Fee | 0.0 |
| Fee Waiver | Not Available |
| Minimum Monthly Repayment | 1% of S$50, whichever is higher |
| Interest Free Period | 22 days |
| Singaporean | $150,000 |
|---|---|
| Foreigner | $150,000 |
| Card Association | Visa |
|---|---|
| Wireless Payment | Visa payWave |
S$1 = 1.4 Miles
Local Spend
S$1 = 2.4 Miles
Overseas Spend
S$1 = 6 Miles
Selected Online Hotel and Flight bookings
| Annual Interest Rate | 25.90% |
|---|---|
| Principle Annual Fee | $257 |
| Supplementary Annual Fee | 128.4 |
| Fee Waiver | 1 year fee waiver, free first 2 supplementary cards |
| Minimum Monthly Repayment | 3% or S$50, whichever is higher |
| Interest Free Period | 21 days |
| Singaporean | $30,000 |
|---|---|
| Foreigner | $40,000 |
| Card Association | MasterCard, Visa, American Express |
|---|---|
| Wireless Payment | MasterCard PayPass, Visa payWave, Apple Pay, Samsung Pay, Android Pay, Mighty Pay |
Up to 18%
Cash Back on Online Spend
Up to S$80
Cash Back Cap per month
S$600
Min. Spend per month
| Annual Interest Rate | 25.90% |
|---|---|
| Principle Annual Fee | $193 |
| Supplementary Annual Fee | N/A |
| Fee Waiver | Available |
| Minimum Monthly Repayment | 3% or S$50, whichever is higher |
| Interest Free Period | 21 days |
| Singaporean | $30,000 |
|---|---|
| Foreigner | $40,000 |
| Card Association | Visa |
|---|---|
| Wireless Payment | Visa payWave, Apple Pay, Samsung Pay, Android Pay, Mighty Pay |
5%
Cash Back at Sheng Siong
S$50
Cash Back Cap for Sheng Siong
S$0
Min. Spend per month
| Annual Interest Rate | 25.90% |
|---|---|
| Principle Annual Fee | $193 |
| Supplementary Annual Fee | 96.3 |
| Fee Waiver | Available |
| Minimum Monthly Repayment | 3% or $80, whichever is higher |
| Interest Free Period | 20 days |
| Singaporean | $30,000 |
|---|---|
| Foreigner | $45,000 |
| Card Association | MasterCard |
|---|---|
| Wireless Payment | MasterCard PayPass, Apple Pay, Samsung Pay, Google Pay |
S$1 = 1.1 Miles
Local Spend
S$1 = 2 Miles
Overseas Spend
S$1 = 3.1 Miles
Grab and Uber rides
| Annual Interest Rate | 25.90% |
|---|---|
| Principle Annual Fee | $177 |
| Supplementary Annual Fee | 53.5 |
| Fee Waiver | Available |
| Minimum Monthly Repayment | 3% or $50, whichever is higher |
| Interest Free Period | 22 days |
| Singaporean | $30,000 |
|---|---|
| Foreigner | $60,000 |
| Card Association | American Express |
|---|---|
| Wireless Payment | Apple Pay, Samsung Pay, Google Pay |
S$1.60 = 20 Points
for first S$16,000 spent at participating Platinum EXTRA Partners
1 Point = 0.625 Miles
Rewards to Miles Conversion for Singapore Airlines and more
No Expiry Date
on Membership Rewards Points
| Annual Interest Rate | N/A |
|---|---|
| Principle Annual Fee | $1,712 |
| Supplementary Annual Fee | $160.50 (First 2 Supplementary Cards fee permanently waived) |
| Fee Waiver | Not Available |
| Minimum Monthly Repayment | N/A |
| Interest Free Period | N/A |
| Singaporean | $200,000 |
|---|---|
| Foreigner | $200,000 |
| Card Association | American Express |
|---|---|
| Wireless Payment | N/A |
S$1 = 10X STAR$
at participating Merchants at CapitaLand Malls
S$1 = 5 STAR$
on All Other Spend
S$50 CapitaVoucher
converted from 50,000 STAR$
| Annual Interest Rate | 25.90% |
|---|---|
| Principle Annual Fee | $171 |
| Supplementary Annual Fee | 85.6 |
| Fee Waiver | Available |
| Minimum Monthly Repayment | 3% or $50, whichever is higher |
| Interest Free Period | 22 days |
| Singaporean | $30,000 |
|---|---|
| Foreigner | $60,000 |
| Card Association | American Express |
|---|---|
| Wireless Payment | Apple Pay, Samsung Pay, Google Pay |
5%
Cash Back on Dining, Groceries, Petrol
S$250
Cash Back Cap per quarter
S$600
Min. Spend per month, per quarter
| Annual Interest Rate | 25.90% |
|---|---|
| Principle Annual Fee | $193 |
| Supplementary Annual Fee | 0.0 |
| Fee Waiver | Available |
| Minimum Monthly Repayment | 3% or S$50, whichever is higher |
| Interest Free Period | 20 days |
| Singaporean | $30,000 |
|---|---|
| Foreigner | $40,000 |
| Card Association | Visa |
|---|---|
| Wireless Payment | Visa payWave, Apple Pay |
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.
Use our new KrisFlyer miles redemption calculator and find out which destinations you can travel for free on a travel class of your choice
Here are 3 common types of promotions offered by credit cards in Singapore:
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.
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.
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.
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.
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.
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.
