Are you looking for a way to maximise your spending in Singapore? If so, you might want to consider using a rewards credit card. These cards offer incentives such as cashback, points, and miles for every dollar spent, allowing you to get more value out of your purchases. In this article, we’ll take a look at some of the best rewards credit cards available in Singapore, and how you can make the most of them.
Understanding Rewards Credit Cards in Singapore
Before we dive into the top rewards credit cards available in Singapore, it’s important to understand how they work. Rewards credit cards offer incentives for spending money, such as cashback, points, or miles. These rewards can be redeemed for a variety of things, including travel, merchandise, or statement credits. Some rewards credit cards also offer additional benefits, such as travel insurance, airport lounge access, or concierge services.
Top Rewards Credit Cards for Dining and Travel
If you’re looking for a rewards credit card that offers incentives for dining and travel, there are several options available. For example, the Citi PremierMiles Card offers 1.2 miles for every $1 spent locally, and 2 miles for every $1 spent overseas. The UOB PRVI Miles Card also offers 1.4 miles for every $1 spent locally, and 2.4 miles for every $1 spent overseas. Both cards also offer additional benefits such as travel insurance and airport lounge access.
Understanding Rewards Credit Cards in Singapore
If you’re looking for a way to earn rewards for your spending, then a rewards credit card could be the perfect solution for you. With so many credit cards available in Singapore, it can be difficult to know which one to choose. In this section, we will help you understand the different types of rewards credit cards available in Singapore and how to choose the right one for you.
Types of Rewards
There are several types of rewards that you can earn with a rewards credit card. These include points, rebates, and cashback. Points can be redeemed for a variety of rewards, such as air miles, hotel stays, and shopping vouchers. Rebates are a percentage of your spending that is credited back to your account. Cashback is a percentage of your spending that is paid back to you in cash.
Choosing the Right Card
When choosing a rewards credit card, there are several factors to consider. These include the annual fee, minimum spend, and the rewards programme. Some cards may have a higher annual fee but offer better rewards, while others may have a lower annual fee but fewer rewards. It’s important to choose a card that fits your spending habits and lifestyle.
To help you choose the right card, we’ve compiled a list of some of the best rewards credit cards in Singapore. These cards offer a range of rewards programmes and benefits, so you can choose the one that best suits your needs. Here are some of the top rewards credit cards in Singapore:
- Citi Rewards Credit Card
- Standard Chartered Unlimited Cashback Credit Card
- HSBC Revolution Credit Card
- OCBC Titanium Rewards Credit Card
- DBS Altitude Visa Signature Card
In conclusion, rewards credit cards are a great way to earn rewards for your spending. With so many options available in Singapore, it’s important to choose a card that fits your lifestyle and spending habits. By understanding the different types of rewards and considering factors such as the annual fee and minimum spend, you can choose the right card for you.
Top Rewards Credit Cards for Dining and Travel
If you’re a foodie who loves to explore new restaurants or enjoys indulging in a good buffet, or a frequent traveler, you might want to consider getting a rewards credit card that offers great rewards and perks for dining and travel. Here are some of the top rewards credit cards that you might want to consider:
Best for Local Dining
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Citi Cash Back Card: With a minimum spend of $800 per month, you can enjoy 6% cashback on dining, capped at $80 per month. This card also offers cashback on groceries, petrol, and other categories.
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HSBC Advance Credit Card: This card offers up to 3.5% cashback on dining, capped at $125 per quarter. You can also earn cashback on other categories such as groceries, petrol, and entertainment.
Best for Overseas Spend
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DBS Altitude Visa Signature Card: This card offers 3 miles per $1 spent on overseas spend, and 1.2 miles per $1 spent on local dining. You can also earn miles on other categories such as online travel bookings and transport.
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UOB PRVI Miles Card: This card offers 2.4 miles per $1 spent on overseas spend, and 1.4 miles per $1 spent on local dining. You can also earn miles on other categories such as online shopping and petrol.
Best for Travel Perks
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American Express Singapore Airlines KrisFlyer Credit Card: This card offers 1.1 miles per $1 spent on local spend, and 2 miles per $1 spent on overseas spend. You can also earn bonus miles when you spend on Singapore Airlines and its partners.
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Maybank Horizon Visa Signature Card: This card offers 3.2 miles per $1 spent on dining, petrol, and taxi rides, and 2 miles per $1 spent on air tickets, travel packages, and foreign currency transactions.
When choosing a rewards credit card, it’s important to consider your spending habits and lifestyle to maximize the rewards and benefits. With these top rewards credit cards for dining and travel, you can earn great rewards and enjoy perks such as travel insurance coverage, airport lounge access, and more. So start exploring and find the perfect rewards credit card for you!
Maximising Online and Contactless Payments
If you’re someone who loves to shop online or use contactless payments, you can earn great rewards with the right credit card. Here’s a breakdown of the best rewards credit cards in Singapore for maximising your online and contactless payments.
Online Shopping Rewards
When it comes to online shopping rewards, the DBS Live Fresh Card is a great option. You can earn up to 5% cashback on online and contactless spend, with a minimum spend of $600 per month and a cashback cap of $75 per month. Another great option is the Citi Rewards Card, which offers 10X rewards points on online shopping, ride-hailing apps, online food delivery, and online groceries.
Food Delivery and Ride-Hailing Perks
If you frequently use food delivery or ride-hailing services, the HSBC Revolution Credit Card is a great choice. You can earn 5X rewards points on online transactions, including food delivery and ride-hailing services. Plus, you can earn 2 miles per $1 spent on local dining and entertainment.
Contactless Payment Benefits
For contactless payment benefits, the UOB One Card is a great option. You can earn up to 5% cashback on all spend, including contactless transactions, with a minimum spend of $500 per month. Another great choice is the OCBC Titanium Rewards Card, which offers 10X rewards points on eligible retail and online transactions, including contactless payments.
By choosing the right credit card for your spending habits, you can earn great rewards on your online shopping, food delivery, ride-hailing, and contactless transactions. So, start exploring your options and find the best rewards credit card for you.
Credit Card Additional Benefits
When it comes to choosing the best rewards credit card in Singapore, it’s not just about the points and miles. There are many additional benefits that can make a credit card stand out from the rest. Here are some of the exclusive partnerships and promotions, annual fee waivers and interest rates that you should consider when choosing a rewards credit card.
Exclusive Partnerships and Promotions
Many credit card companies partner with merchants to offer exclusive perks to their cardholders. These partnerships can range from discounts on dining and shopping to access to exclusive events and experiences. Some credit cards also offer promotions where you can earn bonus points or miles when you spend a certain amount at specific merchants.
For example, the Citi Rewards Card offers exclusive deals and discounts with over 1,000 merchants in Singapore. You can enjoy up to 10% off at popular restaurants, up to 20% off at luxury boutiques, and special rates at hotels and travel agencies. The OCBC Titanium Rewards Card also offers exclusive deals with merchants such as Zalora, Sephora, and Lazada.
Annual Fee Waivers and Interest Rates
Annual fees and interest rates can add up quickly, especially if you carry a balance on your credit card. Many credit cards offer annual fee waivers for the first year or for subsequent years if you meet certain spending requirements. Some credit cards also offer low interest rates for balance transfers or for new purchases.
For example, the HSBC Revolution Card offers a waiver of the annual fee for the first two years, and a low interest rate of 4.88% p.a. for balance transfers for six months. The Maybank World Mastercard also offers a waiver of the annual fee for the first year, and a low interest rate of 9% p.a. for six months on balance transfers.
Choosing the best rewards credit card in Singapore can be a daunting task, but considering the additional benefits such as exclusive partnerships and promotions, annual fee waivers and interest rates can help you make an informed decision.
Rewards Redemption and Utilisation
As you accumulate rewards points or bonus points on your rewards credit card, you may be wondering how to redeem them. Fortunately, most rewards credit cards in Singapore offer a variety of options for redeeming your rewards points.
Converting Points to Vouchers or Air Miles
One option for redeeming your rewards points is to convert them into vouchers or air miles. Many rewards credit cards offer the option to convert your points into vouchers that can be used at various retailers or restaurants. Some credit cards also allow you to convert your points into air miles, which can be used to book flights or other travel-related expenses.
When converting your points into vouchers or air miles, it is important to check the conversion rate to ensure you are getting the best value for your points. Some credit cards may offer a better conversion rate for certain retailers or airlines, so it is worth doing some research to find the best deal.
Cash Rebates and How to Redeem Them
Another option for redeeming your rewards points is to receive cash rebates. Some credit cards offer cash rebates on certain purchases, such as groceries or petrol. You can then redeem these cash rebates for statement credits or cash back.
To redeem your cash rebates, simply log in to your credit card account and select the option to redeem your rewards. You may be required to meet a minimum redemption amount before you can redeem your cash rebates.
Overall, the rewards redemption process can be a great way to get more value out of your rewards credit card. Whether you choose to convert your points into vouchers or air miles, or receive cash rebates, it is important to do your research and find the best deal for your needs.
Frequently Asked Questions
What’s the top choice for a high-end rewards card in Singapore?
If you’re looking for a high-end rewards card in Singapore, the American Express Platinum Credit Card is an excellent choice. With a range of benefits like complimentary airport lounge access, travel insurance, and concierge services, this card is perfect for frequent travellers who want to make the most of their rewards.
How can I maximise my daily expenditures with the best rewards card?
To maximise your daily expenditures with the best rewards card, you should choose a card that offers bonus points or cashback on the categories you spend the most on. For example, if you spend a lot on dining, you should choose a card that offers bonus points or cashback on dining. You should also make sure to pay your bills on time and in full to avoid any interest charges.
Which bank’s credit card offers the most stellar rewards?
There are many banks in Singapore that offer credit cards with excellent rewards programs. Some of the best banks for rewards credit cards include Citibank, OCBC, DBS, and UOB. Each bank has its own unique rewards program, so it’s important to compare and choose the one that best suits your needs.
Are premium rewards cards genuinely worth the excitement?
Premium rewards cards can be worth the excitement if you travel frequently and take advantage of the benefits they offer. These cards often come with perks like airport lounge access, travel insurance, and concierge services, which can make your travel experience more comfortable and convenient. However, if you don’t travel frequently, a premium rewards card may not be worth the high annual fee.
What are the most exciting perks of using a miles rewards card in Singapore?
One of the most exciting perks of using a miles rewards card in Singapore is the ability to earn air miles that can be redeemed for flights or upgrades. Miles rewards cards also often come with perks like airport lounge access, travel insurance, and concierge services. Additionally, some miles rewards cards offer bonus miles for spending on specific airlines or hotels.
How does the Citibank credit card stack up in the rewards game?
Citibank offers several credit cards with excellent rewards programs, including the Citi Rewards Card and the Citibank PremierMiles Card. These cards offer bonus points or miles for spending on specific categories like dining, shopping, and travel. Additionally, Citibank credit cards often come with perks like airport lounge access and travel insurance. Overall, Citibank credit cards are a great choice for those looking for a rewards credit card in Singapore.