Compare the Latest Credit Card Promotions in Singapore 2019

Updated December 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 Cash via PayNow!

Citi PremierMiles Visa Card

S$1 = Up to 1.5 Miles

Local Spend

S$1 = 2 Miles

All Foreign Currency Spend including Retail and Online

S$1 = Up to 10 Miles

Selected Online Hotel and Flight bookings

MoneySmart Exclusive: Get S$200 Cash via PayNow! Applies to new to bank customers. Claim HereValid till 31 Dec 2019.
  • Get 40,000 Citi Miles when you apply, pay annual fee and spend min. S$9,000 for the first 3 months

S$1 = Up to 1.5 Miles

Local Spend

S$1 = 2 Miles

All Foreign Currency Spend including Retail and Online

S$1 = Up to 10 Miles

Selected Online Hotel and Flight bookings

MoneySmart Exclusive: Get S$200 Cash via PayNow! Applies to new to bank customers. Claim HereValid till 31 Dec 2019.

Promo Features

  • Apply through MoneySmart between 13 Dec 2019 - 31 Dec 2019 and get S$200 Cash via PayNow
  • Cards applicable for this promotion are the Citi Cash Back Card, Citi PremierMiles Visa Card & Citi Rewards Card
  • You should receive an email from us 6 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

Annual Interest Rate and Fees

Annual Interest Rate26.90%
Principle Annual Fee$193
Supplementary Annual FeeComplimentary
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, American Express
Wireless PaymentVisa payWave, Samsung Pay, Citi Pay
Citibank SMRT Card

5%

Cash Back at Selected Grocery Stores

S$600

Cash Back Cap per year

S$300

Min. Spend per month

Online Promotion: Get S$120 cash back when you spend S$1,200 in the first 3 monthsValid till 31 Dec 2019.

5%

Cash Back at Selected Grocery Stores

S$600

Cash Back Cap per year

S$300

Min. Spend per month

Online Promotion: Get S$120 cash back when you spend S$1,200 in the first 3 monthsValid till 31 Dec 2019.

Promo Features

  • Get S$120 cash back when you apply and spend S$1,200 in the first 3 months
  • The Welcome Offer of S$120 cash back is eligible to new to bank customers only
  • S$120 cash back will be credited to the Eligible Card within two calendar months when the spend criteria has been met
  • Promo is valid till 31 Dec 2019
  • Banks 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 AssociationVisa
Wireless PaymentVisa payWave, Samsung Pay, Citi 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 (worth S$560) OR S$150 Cash Back with min. spend of $800 in first month of card approval + S$20 worth of Grab rides!Valid till 31 Dec 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 (worth S$560) OR S$150 Cash Back with min. spend of $800 in first month of card approval + S$20 worth of Grab rides!Valid till 31 Dec 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
  • In addition, get S$20 worth of Grab rides for completing and successfully submitting the application with MyInfo via Singpass
  • Valid for New Cardholders Only
  • Promotion valid from 1 May 2019 - 31 Dec 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 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

Online Promotion: 10k welcome miles with S$6k spend Valid till 31 Dec 2019.
  • Earn up to 3miles per S$1 spend on Klook bookings (Exclusive to UOB Prvi Miles Cards only)

S$1 = 1.4 Miles

Local Spend

S$1 = 2.4 Miles

Overseas Spend

S$1 = 10 Miles

Selected Online Hotel and Flight bookings

Online Promotion: 10k welcome miles with S$6k spend Valid till 31 Dec 2019.

Promo Features

  • 10k welcome miles with S$6k spend
  • Only for new-to-UOB credit card holders who apply online
  • Minimum S$6,000 spend on Eligible Transactions within 90 days from the card approval date.
  • Valid for all UOB PRVI Miles American Express® and limited to the first 300 UOB PRVI Miles Mastercard/Visa eligible applicants who meet the minimum spend.
  • Valid till 31 Dec 2019

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

Win iPhone 11, Dyson & more!

Standard Chartered Spree Credit Card

$100

Cash Back for New-to-bank customers

3%

Cash Back on Online Spends in Foreign Currency

S$0

Min. Spend per month

MoneySmart Exclusive: Sure-win gifts of iPhone 11/Dyson/Bose Headphones & more! Learn MoreValid till 25 Dec 2019.
  • Get up to S$100 Cashback

$100

Cash Back for New-to-bank customers

3%

Cash Back on Online Spends in Foreign Currency

S$0

Min. Spend per month

MoneySmart Exclusive: Sure-win gifts of iPhone 11/Dyson/Bose Headphones & more! Learn MoreValid till 25 Dec 2019.

Promo Features

  • New-To-Bank customers: Get up to S$100 Cashback when you apply for SCB Rewards
  • Existing customers: Get up to S$20 Cashback when you apply for SCB Rewards

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

Win iPhone 11, Dyson & more!

Standard Chartered Rewards+ Credit Card

$100

Cash Back for New-to-Bank customers

S$1= 5X Points

on Local Dining Spend

S$1= 10X Points

on Foreign Currency Spend

MoneySmart Exclusive: Sure-win gifts of iPhone 11/Dyson/Bose Headphones & more! Learn MoreValid till 25 Dec 2019.
  • Get up to S$100 Cashback

$100

Cash Back for New-to-Bank customers

S$1= 5X Points

on Local Dining Spend

S$1= 10X Points

on Foreign Currency Spend

MoneySmart Exclusive: Sure-win gifts of iPhone 11/Dyson/Bose Headphones & more! Learn MoreValid till 25 Dec 2019.

Promo Features

  • Stand to win one of our holiday gifts: iPhone 11, Dyson Hair Dryer, Bose Noise Cancelling headphones 700 and up to $200 worth of Grab Transport/Food codes and CapitaVouchers when you apply for SCB Credit Card from 13 - 25 Dec 2019. For new-to-bank customers
  • Important – Go to MoneySmart Claim Form to submit your (1) Contact Details and (2) Unique Reference Number (URN) for your Sure-win Prize!
  • New-To-Bank customers: Get up to S$100 Cashback when you apply for SCB Rewards
  • Existing customers: Get up to S$20 Cashback when you apply for SCB Rewards

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

Win iPhone 11, Dyson & more!

Standard Chartered X Credit Card

S$1 = 1.2 Miles

on Local Spend

S$1 = 2 Miles

on Overseas Spend

60,000 Miles

Promotional Gift

MoneySmart Exclusive: Sure-win gifts of iPhone 11/Dyson/Bose Headphones & more! Learn MoreValid till 25 Dec 2019.
  • Get 60,000 Welcome Air Miles
  • +1 more

S$1 = 1.2 Miles

on Local Spend

S$1 = 2 Miles

on Overseas Spend

60,000 Miles

Promotional Gift

MoneySmart Exclusive: Sure-win gifts of iPhone 11/Dyson/Bose Headphones & more! Learn MoreValid till 25 Dec 2019.

Other Promotions

  • Bonus of up to 300,000 extra air miles with Priority Banking sign-up

Promo Features

  • Stand to win one of our holiday gifts: iPhone 11, Dyson Hair Dryer, Bose Noise Cancelling headphones 700 and up to $200 worth of Grab Transport/Food codes and CapitaVouchers when you apply for SCB Credit Card from 13 - 25 Dec 2019. For new-to-bank customers
  • Important – Go to MoneySmart Claim Form to submit your (1) Contact Details and (2) Unique Reference Number (URN) for your Sure-win Prize!
  • Upfront Gift: Get 30,000 Air Miles when you activate your X card within 30 days from approval date pay annual fee of S$695.50
  • Sign Up Gift: Additional 30,000 Air Miles when you spend S$6,000 on eligible retail transaction within first 60 days of card approval date
  • Promotion is valid for card applications applied and approved by 31 December 2019. Bank T&Cs' apply

Annual Interest Rate and Fees

Annual Interest Rate26.90%
Principle Annual Fee$696
Supplementary Annual Fee$107
Fee WaiverNot Available
Minimum Monthly Repayment1% or S$50, whichever is higher
Interest Free Period22 days

Minimum Income Requirements

Singaporean$80,000
Foreigner$80,000

Other

Card AssociationVisa
Wireless PaymentVisa payWave, Apple Pay, Samsung Pay, Google Pay
OCBC 90°N Card

S$1 = 8 Miles

on Selected Travel and Hotel Partners

S$1 = 4 Miles

on Overseas spend

S$1 = 1.2 Miles

on Local spend

Online Promotion: Get Instant Approval + S$50 Cash Rebate! Applies to new to bank customers.Valid till 31 Dec 2019.

S$1 = 8 Miles

on Selected Travel and Hotel Partners

S$1 = 4 Miles

on Overseas spend

S$1 = 1.2 Miles

on Local spend

Online Promotion: Get Instant Approval + S$50 Cash Rebate! Applies to new to bank customers.Valid till 31 Dec 2019.

Promo Features

  • 8 miles for every S$1 spent on selected travel and hotel partners
  • 4 miles for every S$1 spent on selected airlines, entertainment and shopping
  • 4 miles for every S$1 spent overseas
  • Every S$1 spent earns you Travel$, where 1 Travel$ = 1 KrisFlyer mile with no conversion fee
  • No cap on the amount of Travel$ you can earn and no minimum monthly spending
  • First year annual fee waivered; subsequent years earn 10,000 upon annual fee payment
  • 1.2% cashback from your earned Travel$

Annual Interest Rate and Fees

Annual Interest Rate26.88%
Principle Annual Fee$193
Supplementary Annual FeeS$96.30
Fee WaiverAvailable
Minimum Monthly Repayment3% or S$50, whichever is higher
Interest Free Period23 days

Minimum Income Requirements

Singaporean$30,000
Foreigner$45,000

Other

Card AssociationMastercard
Wireless PaymentApple 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 (worth S$560) OR S$150 Cash Back with min. spend of $800 in first month of card approval + S$20 worth of Grab rides!Valid till 31 Dec 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 (worth S$560) OR S$150 Cash Back with min. spend of $800 in first month of card approval + S$20 worth of Grab rides!Valid till 31 Dec 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
  • In addition, get S$20 worth of Grab rides for completing and successfully submitting the application with MyInfo via Singpass
  • Valid for New Cardholders Only
  • Promotion valid from 1 May 2019 - 31 Dec 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

Win iPhone 11, Dyson & more!

Standard Chartered Visa Infinite Credit Card

S$1 = 1.4 Miles

Local Spend

S$1 = 3 Miles

Overseas Spend

35,000 Miles

Welcome Gift

MoneySmart Exclusive: Sure-win gifts of iPhone 11/Dyson/Bose Headphones & more! Learn MoreValid till 25 Dec 2019.
  • Get 35,000 Welcome Miles

S$1 = 1.4 Miles

Local Spend

S$1 = 3 Miles

Overseas Spend

35,000 Miles

Welcome Gift

MoneySmart Exclusive: Sure-win gifts of iPhone 11/Dyson/Bose Headphones & more! Learn MoreValid till 25 Dec 2019.

Promo Features

  • Get 35,000 Miles 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 (worth S$560) OR S$150 Cash Back with min. spend of $800 in first month of card approval + S$20 worth of Grab rides!Valid till 31 Dec 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 (worth S$560) OR S$150 Cash Back with min. spend of $800 in first month of card approval + S$20 worth of Grab rides!Valid till 31 Dec 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
  • In addition, get S$20 worth of Grab rides for completing and successfully submitting the application with MyInfo via Singpass
  • Valid for New Cardholders Only
  • Promotion valid from 1 May 2019 - 31 Dec 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
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

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

Promo Features

  • Get free American Tourister Linex 66/24 TSA Luggage (worth S$260) when you apply for a new Credit Card and CreditAble
  • To be eligible:
    • Charge a minimum of S$300 within the first two consecutive months after card approval if CreditAble Account was approved
    • Charge a minimum of S$400 within the first two consecutive months after card approval if CreditAble Account was rejected

  • Valid from 1 August 2019, on a First-Come-First-Serve Basis
  • Fulfilment done by Maybank. Bank T&Cs 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$30,000
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

1.6%

Cash Rebate on All Local Spend

S$1 = 2X Points

on Spend in Foreign Currency

S$0

Min. Spend per month

Promo Features

  • Get free American Tourister Linex 66/24 TSA Luggage (worth S$260) when you apply for a new Credit Card and CreditAble
  • To be eligible:
    • Charge a minimum of S$300 within the first two consecutive months after card approval if CreditAble Account was approved
    • Charge a minimum of S$400 within the first two consecutive months after card approval if CreditAble Account was rejected

  • Valid from 1 August 2019, on a First-Come-First-Serve Basis
  • Fulfilment done by Maybank. Bank T&Cs apply

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

Up to 3.33%

Cash Rebates on All Local Spend

0.3%

Cash Rebate on Overseas Spend

S$100

Cash Rebate Cap per quarter

Promo Features

  • Get free American Tourister Linex 66/24 TSA Luggage (worth S$260) when you apply for a new Credit Card and CreditAble
  • To be eligible:
    • Charge a minimum of S$300 within the first two consecutive months after card approval if CreditAble Account was approved
    • Charge a minimum of S$400 within the first two consecutive months after card approval if CreditAble Account was rejected

  • Valid from 1 August 2019, on a First-Come-First-Serve Basis
  • Fulfilment done by Maybank. Bank T&Cs 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 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
Show more cards

Credit Card Promotions Singapore

Credit Card Credit Card Promotion Valid Till
Citi Cash Back CardGet S$500 Cash via PayNow12 Dec 2019
Standard Chartered Unlimited Cashback Credit CardUp to S$200 Cash + Cashback20 Dec 2019
HSBC Advance Credit Card Samsonite T5 spinner luggage or S$150 Cash Back + S$20 Worth Grab Rides 31 Dec 2019
Citi PremierMiles Visa CardGet S$500 Cash via PayNow12 Dec 2019
Citibank SMRT Card S$120 cash back when you spend S$1,200 in the first 3 months 31 Dec 2019
OCBC 90°N Card S$50 Cash Rebate 31 Dec 2019
Maybank Horizon Visa Signature Free American Tourister Luggage worth S$260 Until the stocks last
UOB PRVI Miles Card10,000 Welcome Miles with S$6000 Spend 31 Dec 2019

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.