Credit cards can be a convenient tool for managing your finances, earning rewards, and making purchases in Singapore. But with so many options available, it can be challenging to find the best credit card for your spending habits. In this article, we will help you navigate through the essential features of top credit cards in Singapore and highlight the best cards for daily expenses, online shopping, and travel.
When choosing a credit card, it is essential to consider the rewards and benefits that will give you the most value. Some cards offer cashback rewards for specific categories, while others provide miles for travel or points that can be redeemed for merchandise. Furthermore, it is crucial to understand the fees and charges associated with each card, such as annual fees, foreign transaction fees, and interest rates.
By understanding the different types of rewards and benefits available, you can choose a credit card that aligns with your spending habits and maximises your rewards. Whether you are looking for a card that offers cashback rewards for everyday expenses or a miles card that provides travel perks, we have got you covered. Keep reading to discover the best credit cards for spending in Singapore.
Key Takeaways
- Choosing the right credit card can help you maximise your rewards and save money on fees and charges.
- It is essential to consider the rewards and benefits that align with your spending habits when selecting a credit card.
- The best credit cards for spending in Singapore include options for daily expenses, online shopping, and travel.
Essential Features of Top Credit Cards in Singapore
When choosing a credit card in Singapore, it is important to consider the essential features that make it a top choice for spending. Here are some key features to look for:
Cashback Rewards
One of the most popular features of credit cards in Singapore is cashback rewards. This allows you to earn a percentage of your spending back in cash, which can be a great way to save money. Look for cards that offer high cashback rates on your most common spending categories, such as dining, groceries, and transport.
Points and Rewards
Another popular feature of credit cards is points and rewards. This allows you to earn points for every dollar you spend, which can then be redeemed for rewards such as air miles, vouchers, or merchandise. Look for cards that offer flexible rewards programs that suit your lifestyle and spending habits.
Annual Fees
Most credit cards in Singapore come with an annual fee, which can range from a few dollars to hundreds of dollars. Look for cards that offer low or waived annual fees, especially if you are a low spender or only plan to use the card occasionally.
Additional Perks
Top credit cards in Singapore often come with additional perks such as travel insurance, airport lounge access, and exclusive discounts. Look for cards that offer perks that are relevant to your lifestyle and spending habits, and that provide real value for the annual fee.
Comparison
When choosing a credit card, it’s important to compare the features and benefits of different cards to find the one that best suits your needs. Use comparison sites such as MoneySmart.sg to compare cards based on their rewards, fees, and other features, and to find the best credit card for your spending in Singapore.
By considering these essential features, you can find a credit card that rewards you for your spending and provides real value for your money.
Best Cards for Daily Expenses and Online Shopping
If you are looking for a credit card that can help you save money on your daily expenses and online shopping, there are several great options to consider. Here are some of the best credit cards that can help you get cashback rewards, discounts, and other benefits.
POSB Everyday Card
The POSB Everyday Card is a great choice for those who want to earn cashback on their daily expenses. With this card, you can earn up to 6% cashback on your daily essentials, such as groceries, dining, and petrol. You can also earn up to 3% cashback on your online shopping, including purchases made on popular e-commerce sites like Lazada and Shopee. Plus, you can enjoy exclusive discounts and offers at over 1,000 merchants across Singapore.
OCBC 365
The OCBC 365 is another great option for those who want to earn cashback on their daily expenses. With this card, you can earn up to 6% cashback on your dining, including fast food and cafes. You can also earn up to 3% cashback on your groceries, including online grocery purchases. Additionally, you can earn up to 5% cashback on your petrol purchases at al