Best Credit Cards in Singapore for January 2025
updated: Jan 14, 2025
Discover the best credit cards in Singapore for 2025! From cashback to travel perks, we’ll help you find the perfect card to match your lifestyle.
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Best Credit Cards in Singapore
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Best Singsaver Exclusive Credit Card Offer
Citi PremierMiles Card
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| Airmiles Bonus Cap | No Expiry |
|---|---|
| Annual Fee | S$ 196.20 |
| Min. Annual Income | S$ 30,000 |
| REWARDS | |
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Best Credit Card for travel bookings
DBS Altitude Visa Signature Card
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| Annual Fee | S$ 196.20 |
|---|---|
| Airport Lounge Access | 2 visits per year* |
| Airmiles Base Rate | 1.3 miles per dollar |
| REWARDS | |
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Best Credit Card for travel rewards
Citi Prestige Card
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| Annual Fee | S$ 545.00 |
|---|---|
| Airport Lounge Access | Unlimited Priority Pass visits |
| Airmiles Base Rate | 1.3 miles per dollar |
| REWARDS | |
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Best Credit Card for a day out or staying in
Citi Cash Back+ Card
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| Cashback Local | Up to 3.25% |
|---|---|
| Cashback Overseas | 3.25% |
| Monthly Spend Required | None |
| Annual Fee | S$ 196.20 |
| REWARDS | |
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Best Credit Card for unlimited cashback
Maybank FC Barcelona Visa Signature Card
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| Cashback Local | 1.6% |
|---|---|
| Cashback Overseas | 1.6% |
| Monthly Spend Required | None |
| Annual Fee | S$ 130.80 |
| REWARDS | |
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Best cashback Credit Card with low min. spend
HSBC Live+ Credit Card
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| Cashback Local | Up to 8% |
|---|---|
| Cashback Overseas | Up to 8% |
| Monthly Spend Required | S$ 600.00 per month |
| Annual Fee | S$ 196.20 |
| REWARDS | |
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Best Credit Card for families and household
UOB One Card
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| Cashback Overseas | Up to 3.33% |
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| Monthly Spend Required | S$ 2,000.00 |
| Annual Fee | S$ 196.20 |
| Cashback Local | Up to 20% |
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Understanding the Singapore Credit Card Landscape
Singapore's credit card market is lively and competitive. You'll find many best credit card promotions and offers from big banks like DBS, OCBC, and UOB. These banks always come up with new perks and limited-time offers to draw in new customers and keep existing ones engaged.
The top credit card in Singapore often has cashback, miles, or special lifestyle perks. Lately, there's a move towards digital wallets and contactless payments. This shows how tech-savvy the people of Singapore are.
Singapore has strict rules to protect consumers. The Monetary Authority of Singapore (MAS) watches over credit card issuers. They set rules for interest rates, fees, and how they market their cards.
Think about how you spend and what you like when picking and applying for a credit card. Banks design their best credit card offers for certain groups, like young professionals or families.
Key Factors to Consider When Choosing a Credit Card
Choosing the right credit card in 2025 is important for your finances and spending habits. You need to think about several key factors. These will help you pick the best credit card in Singapore.
|
Card Type |
Popular Features |
Target Audience |
|
Cashback |
High rebates on daily spending |
Value-seekers |
|
Miles |
High rebates on daily spending |
Frequent travellers |
|
Rewards |
Points for dining, shopping |
Lifestyle enthusiasts |
Spending habits
Before diving into the world of credit cards, take a moment to analyse your spending patterns. Where do you spend the most each month? Identifying your key spending categories will help you narrow down the options and choose a card that rewards you for the things you already buy.
Cashback & rewards programmes
Rewards are a big reason people choose credit cards. Look for cards that match your spending. Are you a foodie who loves to dine out? A shopaholic who can't resist a good sale? Or perhaps a jet-setter who's always on the go? Some cards give points for dining, travel, or groceries, while others offer a flat cashback rate on all purchases. The best card for you will give you the most rewards on what you buy most.
Annual fees, interest rates & waivers
When choosing a credit card, it's important to consider the associated costs, including annual fees, interest rates, and potential waivers. Many top credit cards in 2025 have annual fees, which can be anywhere from S$0 to over S$500. Some cards waive these fees for the first year or if you spend a certain amount. Think about whether the card's benefits are worth the annual cost. Carefully weigh the card's benefits against the annual cost to determine if it aligns with your financial goals.
If you sometimes carry a balance, the interest rate is key. Lower rates can save you money on interest. Also, look at the grace period - the time you have to pay off your balance without interest.
But don't forget about other fees!
While annual fees often take centre stage, it's crucial to be aware of other potential credit card charges that can impact your overall financial health. These include:
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Foreign Transaction Fees: These fees are levied on purchases made overseas or from international online retailers. They typically range from 2.5% to 3.25% on top of the prevailing exchange rate.
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Cash Advance Fees: Withdrawing cash from an ATM using your credit card can incur hefty fees, often up to 8% of the withdrawn amount.
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Balance Transfer Fees: Transferring a balance from one credit card to another may involve a fee, usually ranging from 2% to 4.5% of the transferred amount.
Sign up offers
Sign-up offers can be a great way to kickstart your rewards journey. Many cards offer enticing bonuses for new cardholders, such as cashback, miles, or reward points. Be sure to compare these offers and factor them into your decision-making process.
|
Factor |
Why It Matters |
What to Look For |
|
Annual Fee |
Affects overall card cost |
Annual fee waivers, value vs. benefits |
|
Rewards |
Provides extra value on spending |
Alignment with spending habits |
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Cashback |
Offers direct savings on purchases |
High rates, reasonable caps |
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Interest Rate |
Impacts cost if carrying balance |
Lower rates, longer grace periods |
By considering these factors and keeping up with the latest credit card deals, you'll be ready to pick a credit card that fits your financial needs and lifestyle in Singapore. Remember, whether you're kiasu about maximising rewards or simply looking for a card to use during the next big sale, there's an option out there for you.
Premium Credit Cards: Features and Benefits
Premium credit cards in Singapore offer luxury and exclusive perks. They are designed for high-income earners, providing unmatched benefits. Let's look at what makes these cards stand out among the best in Singapore.
These cards have high annual fees, between $300 to $1,000. But, they offer great rewards. You'll find some of the best credit card offers here, including:
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Concierge services for booking restaurants and travel
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Airport lounge access worldwide
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Complimentary hotel nights at luxury properties
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Accelerated miles earning on spending
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Exclusive event invitations
To get these cards, you usually need a high income. Most issuers want cardholders to earn $120,000 to $150,000 a year. This ensures they can enjoy the premium benefits fully.
Card Feature |
Standard Card |
Premium Card |
|---|---|---|
|
Annual Fee |
$30 - $200 |
$300 - $1,000 |
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Income Requirement |
$30,000 - $80,000 |
$120,000 - $150,000 |
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Miles Earn Rate |
1.2 - 1.5 miles/$1 |
1.5 - 4 miles/$1 |
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Lounge Access |
Limited or none |
Extensive global access |
American Express Platinum Credit Card
Indulge in a life of luxury with the American Express Platinum Credit Card. This prestigious card opens doors to a world of bespoke experiences, from curated dining privileges at top restaurants to exclusive access to invitation-only events. Enjoy up to S$200 in statement credits to be used at your favourite fashion brands or trendy dining spots. With Love Dining by Platinum, savour up to 50% savings at a handpicked selection of restaurants and hotels across Singapore. And for those who appreciate the art of mixology, Chillax by Platinum offers 1-for-1 first drinks and complimentary cocktails at some of Singapore's most exclusive bars.
DBS Vantage Visa Infinite Card
Elevate your travel experiences with the DBS Vantage Visa Infinite Card. This card is your passport to a world of travel privileges, including access to airport lounges worldwide, complimentary travel insurance, and accelerated miles accumulation. New cardholders can unlock up to 60,000 miles upon signing up and paying the annual fee, setting you on the path to your next dream vacation in style. Whether it's a business-class flight to Europe or a luxurious getaway to Australia, the DBS Vantage Visa Infinite Card makes every journey extraordinary.
CIMB Visa Infinite Card
Travel the world with confidence and ease with the CIMB Visa Infinite Card. This card is a globetrotter's dream, offering unlimited 2% cashback on overseas spending, complimentary access to airport lounges worldwide, and comprehensive travel insurance. With no annual fees to weigh you down, you can focus on exploring new horizons and creating unforgettable memories. From savouring exotic cuisines to immersing yourself in diverse cultures, the CIMB Visa Infinite Card empowers you to travel smarter and experience more.
HSBC Visa Infinite Credit Card
Unlock a world of rewards and financial flexibility with the HSBC Visa Infinite Credit Card. This card caters to your sophisticated lifestyle, offering accelerated miles earning on both local and overseas spending, exclusive access to airport lounges, and a dedicated concierge service to assist with your every need. Enjoy preferential interest rates as low as 2.6% on balance transfers and flexible repayment options of up to 60 months, giving you greater control over your finances. Whether it's indulging in fine dining, exploring new destinations, or managing your wealth with ease, the HSBC Visa Infinite Credit Card empowers you to live life on your own terms.
If you're thinking about a premium card, compare the benefits with your lifestyle and spending to see if it's right for you.
Best credit card in Singapore: Comparing offers and promotions
Looking for the best credit cards 2025 in Singapore means more than just checking basic features. Issuers often offer special deals to draw in new customers. Let's dive into some key offers to think about when picking your next card.
Sign-up bonuses
Many banks give big sign-up bonuses to new cardholders. These can be cashback, miles, or reward points. For instance, some top credit cards might offer up to 30,000 miles or S$300 cashback after you apply and spend a certain amount.
Limited-time offers
Banks often have seasonal promotions. During these times, you could get higher cashback rates or earn more miles. Watch for these deals, especially during holidays or big shopping events like the Great Singapore Sale.
Exclusive partnerships and discounts
The top credit card issuers team up with popular brands for special discounts for cardholders. These deals can be anything from dining discounts at top restaurants to special hotel rates. Some cards even offer free airport lounge access or travel insurance.
|
Offer Type |
Potential Benefits |
|
Sign-up Bonus |
Up to 30,000 miles or S$300 cashback |
|
Limited-Time Offer |
Double cashback rates, 4X miles earning |
|
Exclusive Partnerships |
1-for-1 dining deals, 50% off hotel stays |
While these deals can be a big plus, always think about the card's long-term benefits. The best credit card for you should match your spending habits and financial goals, not just the initial perks. Whether you're looking to maximise rewards on your weekly grocery runs or earn miles for your next overseas adventure, there's a card out there to suit your needs.
Maximising Your Credit Card Benefits in Singapore
To get the most from your credit cards in Singapore, it's key to use them wisely. Using several cards at once can be a smart move. For example, pick one card for dining and another for groceries. This way, you can earn rewards across different spending areas.
It's important to meet the minimum spend to get sign-up bonuses. Plan big purchases during these times to easily reach the targets. The right card for you depends on how you spend. Choose cards that give high rewards in your main spending areas.
Managing your credit well is crucial. Pay off your bills fully and on time to avoid extra charges. Keep an eye on your spending and stick to your budget. This way, you'll enjoy credit card perks without getting into debt.
Lastly, know what your card offers. Many top credit cards in Singapore come with travel insurance or lounge access at airports. By using these benefits, you'll get the most from your cards. The best card is one that fits your life and saves you money over time.
Remember, whether you're using your card for a quick kopi o at the local kopitiam or splurging on a staycation, make sure you're maximising your rewards with every swipe.
Credit Card Reviews
The UOB One Card is one of the most generous cashback credit cards you can get. However, you'll need to spend at least S$2,000 per month to fully unlock its benefits. Is this the ultimate cashback card for everyday spending?
The Citi Rewards Card lets you rack up rewards points effortlessly if you spend on select categories. Learn more about what this rewards card has to offer.
If you fancy the idea of earning 8% cashback on your key spending categories, consider acquiring the Maybank Family & Friends Card. Yes, you can pick your own bonus cashback categories!
See the world in a new light with the DBS Altitude Visa Signature Card, a travel card that offers attractive miles earn rates of up to 1.3 mpd on local spend, and up to 2.2 mpd on overseas spend.
The Standard Chartered Simply Cash Credit Card is a fuss-free card. Essentially, almost all spend qualifies for up to 1.5% unlimited cashback, with no minimum spend and no cashback cap. And the best part? You can receive instant digital credit card approval and issuance if you apply via MyInfo!
Frequently asked questions
What is the difference between debit cards and credit cards?
When picking a credit card, look at annual fees and waivers, rewards programmes, cashback rates, and interest rates. Think about how these match your spending and financial goals. This will help you find the right card for you.
What are the best cashback credit cards in Singapore?
The DBS Live Fresh Card, OCBC 365 Credit Card, and Citi Cash Back+ Card are top choices in Singapore. They offer great cashback rates and special deals to boost your earnings.
How can I earn miles and travel rewards with a credit card?
Choose cards linked to airlines or hotels, like the Singapore Airlines KrisFlyer Credit Card or the Maybank Horizon Visa Signature Card. These cards let you earn miles or points for flights, hotels, and travel perks like lounge access and insurance.
What are the benefits of premium credit cards?
Premium cards like the American Express Platinum Card and UOB Reserve VI Card offer special perks. These include concierge services, lounge access, and free hotel stays. But, they have higher fees and income needs.
How can I take advantage of credit card promotions and offers?
Many credit card companies in Singapore have sign-up bonuses and special deals. Keep an eye on these offers and apply for new cards when they're good deals. Just remember to meet spending needs and use credit wisely.
How can I maximise my credit card benefits in Singapore?
To get the most from your credit cards, use several cards for different rewards. Aim to hit spending targets to get sign-up bonuses. And always pay on time and keep your credit use low to manage your credit well.
What are some popular Singapore-specific rewards offered by credit cards?
Many credit cards in Singapore offer rewards tailored to local preferences. These can include cashback on dining at hawker centres, bonus points for shopping during the Great Singapore Sale, or miles for booking staycations at popular hotels like Marina Bay Sands or Changi Jewel.
Are there any credit cards that offer special benefits for public transport in Singapore?
Yes, some credit cards offer rebates or cashback on public transport expenses. These can include MRT rides, bus fares, and even Grab or taxi rides. Cards like the OCBC FRANK Card and UOB EVOL Card often have such benefits.
Can I use my Singapore credit card to earn rewards when travelling overseas?
Absolutely! Many Singapore credit cards offer enhanced rewards for overseas spending. Some cards even waive foreign transaction fees. Just be sure to inform your bank before you travel to ensure your card isn't blocked for security reasons.
Are there any credit cards in Singapore that cater specifically to foodies?
Indeed! Singapore's food culture is reflected in its credit card offerings. Many cards offer enhanced cashback or points for dining out, whether it's at high-end restaurants or local hawker centres. Some even partner with food delivery services for additional rewards on takeaway orders.
Limited-Time Offers
Banks often have seasonal promotions. During these times, you could get higher cashback rates or earn more miles. Watch for these deals, especially during holidays or big shopping events like the Great Singapore Sale.