Best Credit Cards for Students in Singapore 2025

Some key benefits of student credit cards in Singapore include building credit history, earning cashback or rewards on purchases, enjoying exclusive student discounts, and developing healthy financial habits early on.

To qualify for a student credit card in Singapore, you generally need to be a Singaporean or Permanent Resident, aged between 18 and 30 years old, and currently enrolled in a full-time tertiary education programme locally.

Student credit cards typically have lower credit limits, fewer fees, and less stringent income requirements compared to regular credit cards. They also offer features tailored for young adults, such as cashback on popular spending categories like dining or entertainment.

When selecting a student credit card, consider factors like annual fees, interest rates, cashback or rewards programmes, credit limits, minimum income requirements, and any additional perks or benefits that align with your spending habits and lifestyle.

Yes, you can typically continue using your student credit card after graduating, but the card issuer may review your account and adjust the terms and conditions accordingly based on your income and credit history.

While there aren't specific cards for bubble tea rewards, many student credit cards offer cashback on dining or entertainment categories, which often include bubble tea purchases. Look for cards with general cashback on food and beverage spending to maximise your rewards on those teh tarik and bubble tea runs.

Absolutely! Many student credit cards can be used internationally. Some even offer perks like complimentary travel insurance or no foreign transaction fees. Just be sure to inform your bank about your travel plans to avoid any issues with overseas transactions.

To make the most of your student credit card, pay your balance in full each month to avoid interest charges, take advantage of cashback offers on your regular spending, and use any additional perks like dining discounts or movie ticket deals. Don't forget to redeem your rewards regularly!

While most student credit cards are designed for full-time students, some banks may offer options for part-time students. It's best to check with individual banks or consider cards with low income requirements that might be suitable for your situation.

Student credit cards are a great way for young adults to build their credit history when used responsibly. 

However, missed payments or defaults can damage credit scores and create challenges down the road. To maximise benefits, young adults should use their credit cards for essential expenses, pay off the balance in full each month, and avoid accumulating interest or unnecessary fees

Debit cards are great for managing spending and avoiding debt, while student credit cards offer opportunities to build credit and earn rewards. 

Debit cards allow you to spend within your means, incur no debt or interest, and are easier to get approved for. However, they don't build credit, offer fewer rewards, and have less fraud protection.

Credit cards, on the other hand, help you build credit, offer rewards and perks, and provide better fraud protection. However, they come with the risk of overspending and debt, high interest if not paid in full, and require responsible use.

Many students find that using both a debit card for everyday spending and a credit card for building credit and accessing benefits provides a balanced approach.

If a student credit card isn't the right fit, consider secured credit cards, which require a security deposit as your credit limit, making them easier to get with limited credit history.

Alternatively, look into credit cards with lower income requirements, which are more accessible for students with part-time jobs. Finally, becoming an authorised user on a parent's credit card allows you to benefit from your parent's credit history and learn responsible financial management skills.

Yes, you can usually request a credit limit increase from your card issuer. However, it's important to understand the limitations that come with student credit cards.

Most student credit cards in Singapore come with pre-set credit limits, often lower than regular credit cards. This is because student cards are designed for those with limited or no credit history and typically lower incomes. Card issuers want to encourage responsible spending habits and minimise the risk of students accumulating unmanageable debt.

To access a higher credit limit, you would typically need to apply for a regular credit card. This usually requires meeting certain eligibility criteria, including a minimum annual income (typically S$30,000 or higher) and a good credit history.

Using a student credit card responsibly in Singapore can positively impact your credit score by showcasing your creditworthiness to lenders.

Consistent on-time payments are crucial, as they demonstrate your reliability in managing credit. The Credit Bureau Singapore (CBS) closely monitors your payment history, and any late payments can significantly lower your score.

The length of your credit history also plays a role. A longer history of responsible credit card use contributes to a more favorable credit profile in Singapore.

However, irresponsible credit card use can damage your credit score. Late payments, exceeding your credit limit, or defaulting on payments will be recorded on your credit report, potentially hindering your ability to access loans or other financial products in the future.