Compare the Best Credit Cards in Singapore 2018

Updated October 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

Get $200 Vouchers

Citi Rewards Card

Citi Rewards Card

Get $200 Vouchers

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 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
UOB YOLO Credit Card

Up to 18%

on Online Spend

Up to S$80

Cash Back Cap per month

S$600

Min. Spend per month

Key Features

  • Enjoy bonus 10% cashback on all online spend till 31 Dec 2018
  • Up to 8% cashback on Grab, Dining and Entertainment (8% cashback for weekend Grab, Dining and Entertainment and 3% cashback for weekday Grab, Dining, and Entertainment for up to 18% cashback)
  • 3% cash back on Online Travel and Fashion (for up to 13% cashback)
  • Minimum spend: S$600
  • Total cash back cap: S$80 per month. S$80 cash back consists of S$60 base cash back and S$20 bonus cash back
  • 1 year principal card fee waiver; no annual fees for first supplementary card
  • Minimum spend of S$600 per statement month for 8% and 3% cash back, otherwise 0.3% cash back earned on all spend

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

1.5%

Cash Back on All Spend with no cap

S$0

Min. Spend per month

Unlimited

Cash Back Cap

  • Get S$150 in Prime Now Credits or up to S$100 cashback
  • 5% cashback on all eligible spend
  • +3 more

Other Promotions

  • 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

Key Features

  • 1.5% cashback on eligible spend
  • No cashback cap and no minimum spend
  • Get up to $150 Prime Now Credits or up to $100 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

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

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 4 x Single Packs of Guardian Soft Pack Tissues 50s (U.P. S$8.00) valid till 21 Oct 2018

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

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 Prime Now Credits or up to S$100 cashback
  • 5% cashback on all eligible spend
  • +1 more

Other Promotions

  • 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

S$1 = 1.2 Miles

Local Spend

S$1 = 2 Miles

Overseas Spend

S$1 = 3.2 Miles

Grab and Uber rides

  • Get S$20 NTUC Voucher
  • Get 43,000 Bonus KrisFlyer Miles

Key Features

  • Receive bonus 26,000 KrisFlyer miles when you spend S$10,000 within 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

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$20 NTUC Voucher
  • Get 60,000 STAR$ AND an American Tourister Erie 67/24 Spinner luggage

Key Features

  • Earn 3X STAR$ at CapitaLand Malls
  • 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

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

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

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

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

  • Get S$20 NTUC Vouchers
  • Enjoy 1 night stay at Swissotel The Stamford Singapore
  • +1 more

Other Promotions

  • Get a Samsonite Sigma 76cm Expandable Spinner

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
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$150 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

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
Bank of China Family Card

10%

Cash Back on Everyday Dining and Movies

S$100

Cash Back per month

S$700

Min. Spend per month

Key Features

  • 10% cashback on Everyday Dining (locally and overseas) and Movies
  • 5% cashback on online shopping, supermarkets, telecommunication bills, NETS Flashpay Auto Top-up and many more
  • 5% Cashback at Selected Mercents: Best Denki, BIG BOX, Watsons, Unity Pharmacy, Toys 'R' Us, Welcia-BHG
  • To apply, SMS BOCCARD[space]FCMS[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 AssociationVisa
Wireless PaymentN/A
Show more cards

Best Credit Card Singapore 2018

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

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

Which is the Best Credit Card in Singapore?

With so many credit cards in Singapore to choose from, it can be difficult to narrow things down. Unfortunately, there’s no single best credit card in Singapore. You’ll have to choose the best one for you. Here’s how:

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 love checking out new restaurants around town, then it makes sense to get a card with rewards points for dining out and useful perks like 1-for-1 buffet promotions.

Step 2

Plan how to use your credit card benefits

Credit cards come with a whole bunch of benefits, so think about which benefits you actually want to 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 - only you can decide how you prefer 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.

Visa Card vs Mastercard vs American Express

At some point in your life, you’ll probably wonder if there’s a difference between a Visa card and Mastercard (and maybe American Express). Visa, Mastercard and Amex are the 3 big global payment networks. This means they handle all the technical back-end stuff that makes it possible to pay with your credit card anywhere in the world. Visa and Mastercard are extremely widely accepted worldwide, both online and offline. Both payment networks are easy and secure to use. Visa has a slight edge in terms of acceptance, but really, you’ll be fine with either. American Express is a bit less widely accepted globally. It’s in 140 countries compared to Visa and Mastercard’s 200+. However, many people still love using Amex because they have an excellent reputation for customer care. Whichever payment network you choose, you can get a credit card from a bank like DBS or UOB. Note that American Express also issues its own credit cards, even though it’s not a bank.

Annual Fees are NOT the Only Credit Card Fee!

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.

Foreign Transaction Fees

This is a fee imposed on overseas spending - whether it’s while you’re traveling or even when making an online purchase on a foreign website. This is usually 2.5% to 3% on top of the prevailing foreign exchange rate.

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.

Balance Transfer Fees

Charged when you move a balance from one card to another, usually 2% to 4% of the amount transferred.

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.

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.

What if I only make the minimum payment on my bill?

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%+)