T&Cs apply. “I used to be scared of credit cards, but SingSaver.com.sg made me realise that I don’t have to worry about debt if I pay my bill on time each month. 6 air miles for every S$1 spent through Expedia, Agoda and UOB Travel. Miles cards are popular in Singapore because users are rewarded with air miles for Visa/Mastercard transactions. The best return for credit card spending happens when you qualify for the initial sign-up bonus after being approved for a credit card. By Alevin Chan Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. New Citibank customers can get S$250 Lazada & RedMart vouchers as they spend. Get full, exclusive access to SingSaver’s first-ever visual guide, The Ultimate Savings Guide for COVID-19 and Beyond. The best way to pay for a big-ticket item is to use your credit card’s instalment payment plan. Instead of keeping track and accumulating multiple small purchases to a sizable amount, charging a big-ticket purchase can help you reel in these bonuses quickly. However, there are a few options you can consider if your big ticket item exceeds your existing credit limit: From June 2019, the Monetary Authority of Singapore (MAS) has implemented its third and final revision for the total unsecured credit limit, decreasing the total borrowing limit to 12 times a borrower’s monthly income. T&Cs apply. It’s important to carefully consider how and when you’ll be using your credit card for large purchases, as well as how soon you can repay the full amount. spend required, and 1X UNI$ (or 2 miles) on other purchases. Notwithstanding the somewhat complicated rebate structure, the HSBC Advance Credit Card provides one of the highest monthly cashback rates on the market ($70, outranked only by the OCBC 365 Card’s $80), rising to an unbeatable $125 for Advance banking customers. Learn about how TransferMate’s personal product works and what it can do for you. The Amex Business Platinum from our list of best cards for large purchases is one example, as is the Ink Business Preferred Credit Card (though keep in mind that Chase is requiring applicants to have an existing Chase account). T&Cs apply. You can use SingSaver’s free comparison tools to. Best Credit Cards for Large Purchases in Singapore: Credit Card: Instalment Plan Tenor: Minimum Spend: Qualified Merchants: Welcome Offers: American Express True Cashback – – All merchants: 3% cashback for the first 6 months up to S$5,000 spend. Best Cashback Credit Cards Singapore. Citi® Double Cash Card – 18 month BT offer. ... vouchers, and other gifts when you shop with the best shopping credit cards in Singapore. Also, get six complimentary golf games across Asia. “ “I’ve always thought about getting a travel credit card, but I didn’t know which one to get. I found and applied for a cashback card easily on their website. Compare the best credit cards in Singapore for wedding. 5% cashback on fuel purchase and phone and utility bill payment; 1 reward point per Rs. on Citibank's application. Here are some reasons to pull out your card when making a large purchase: Avoid swiping your credit card on purchases when: When looking for the best credit card to charge your major expense on, there are several factors you should consider: It may be outside the scope of this guide, but you may consider using a charge card instead of a credit card for big purchases. S$0 annual fee for the first 2 years and S$192.60 thereafter, Up to 50% off your food bill for unlimited visits at hotels around Singapore. Find out which banks in Singapore offer them. Find the perfect gift Groceries are among the most common spending categories among Singaporean families so it ... 2. This Standard Chartered Credit Card is among the best cashback credit cards in India with major benefit on fuel and utility bill payment. The Citi Cash Back Visa Card offers 8% cashback on all your grocery bills – the highest among all credit cards. Your utilization rate is calculated by adding up the total of all your balances on credit cards and dividing it by the total of all your credit card limits. Best Credit Cards for EZ Link. Love it.”, Maybank Horizon Visa Signature Credit Card, Standard Chartered Unlimited Cashback Card, Allianz Global Assistance Travel Insurance, compare and apply for the best shopping credit cards in Singapore. Agoda Credit Card Promotions To Book Your Holiday 2019 Many credit cards offer bonus incentives, free hotel stays, or elite status upgrades when you hit pre-defined spending thresholds. T&Cs apply. Whether it’s cashback, miles or reward points, you should sign up for one that allows you to maximise your earning potential. Otherwise, you’ll only earn 1.5% rebate. With all that extra cash, you might even be able to thrown in those eye-catching gold earrings you … The biggest benefit of using the card is its generous purchase protection. Is it worth charging my big-ticket purchase to plastic even if I can't afford to pay in full by the next statement? Best cards for large purchases Capital One Venture Rewards Credit Card – Best for earning flexible rewards Chase Freedom Unlimited – Best for intro APR Citi® Double Cash Card – Best for earning cash back Get S$150 cash credit if you spend a minimum of S$1,500 within 30 days. Using your debit card in a foreign country is safe and convenient, but make sure to enable it for overseas use and look out for fees. Cashback credit cards offer perhaps the most straightforward type of reward for consumers. The sheer variety of credit cards available in Singapore – and the attractive rewards and privileges they offer – can make choosing one a difficult task. ... but you may consider using a charge card instead of a credit … If this describes you, an ideal shopping credit card for you would be the OCBC Titanium Rewards card. So if you want a credit card that is optimised for big-ticket purchases, then start comparing your options here. What are the best reward types for charging a large expense to? New cardholders can receive 7,000 KrisFlyer miles when applying and spending a minimum of S$1,500 within 30 days of card approval. Plus, free travel cover. If you do decide to go with credit payments, here are some tips to help ensure that it stays affordable and convenient: Find out more on how to make large purchases using a credit card with our guide. Finder is committed to editorial independence. CASHBACK. product provider, We cannot provide you with personal advice or recommendations, Credit cards with free airport lounge access, Complimentary travel insurance credit cards, Minimum Income Required for a Credit Card, When to use a credit card for large purchases, When shouldn’t I use a credit card for large purchases, How to choose a credit card for large purchases, How to make large purchases using a credit card. Optional, only if you want us to follow up with you. Get 45,000 miles when you spend S$9,000 in the first 3 months. Groceries are among the most common spending categories among Singaporean families so it makes sense to have a dedicated credit card for this. However, note that you have to spend $888 per statement month to earn 8% cashback. Maybank Family & Friends: Rebates up to 8% in Singapore & Malaysia. Best Credit Card for Groceries: Citi Cash Back Visa Card. )Wells Fargo Propel American Express Card. You are about to post a question on finder.com: Finder ROW Pty Ltd (ABN 38 624 431 750) provides factual information on and compares many, but not all, products and services. Earn up to 10X Reward points or 4 miles per S$1 spent on qualifying purchases. For many, nothing says high-end more than dollar signs — lots and lots of dollar signs. Up to 5% cash rebates on groceries, dining and fuel with minimum monthly spend of at least S$600. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. 10X Rewards on eligible online and retail purchases, capped at 10,000 points per statement month. If you need a real credit card, please apply through the bank or some institutions. Enjoy a wide variety of discounts and cashback rebates on dining, entertainment, online shopping and travel. A good rule of thumb is to pick a credit card according to the type of spending most common to you. T&Cs apply. 3. We may receive compensation from our partners for placement of their products or services. ... American Express True Cashback Card: Purchasing big ticket items in the first 6 months: 1.5% on all spends and 3% cashback on first $5,000 in the first 6 months: ... Entertainment & Recreation, Automobile and Duty Free Store purchases 1.5% on all other spends: 1 … CIMB Platinum Mastercard. Enjoy shipping rebates on eligible purchases of at least S$50 at Lazada. Instead, your transactions are approved based on your spending patterns and payment history. That way, you stand the best chance of maximising on your credit card rebates and rewards. We may also receive compensation if you click on certain links posted on our site. Top 6 Air Miles Credit Cards in Singapore 2019 Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Perpetually free for Advance banking customers. No, never. By understanding how long you’d take to pay off the transactions and how much the interest will cost you, you may do a side-by-side comparison with the potential rewards it brings and finds out which option brings you the most value. We are not a product issuer, credit provider or financial advisers nor are we a credit intermediary or broker. SingSaver.com.sg’s comparison tool helped me decide on an air miles card in 10 minutes.” ”, “ “I used to be scared of credit cards, but SingSaver.com.sg made me realise that I don’t have to worry about debt if I pay my bill on time each month. Apply today and get S$150 in bonus cash credits. But what’s the difference between these two cards? Unlimited 1.5% cashback thereafter on any spend: OCBC Cashflo Mastercard: 3 months or 6 months: S$100: Department stores and you’ll earn 10x rewards points too. This guide will take a look at all the benefits of charging your large expense on plastic and help you compare available options that are optimised for such transactions. This card also offers a fairly high initial credit limit of at least $5,000 and an average of around $10,000. Credit Card Signup Bonuses: How to Maximise Miles with Big Ticket Spending Enjoy cashback on all purchases with no minimum spend or cap. Best Credit Cards to Pay Lawyers and Legal Fees. Credit Card 0% Instalment Plan: Recommended for most purchases. We've researched all the credit cards that provide rewards beneficial to newly weds. That means you can buy a new camera, outfits, equipment and accessories, charge it all to the OCBC Titanium Rewards card, then trade in the points for KrisFlyer miles to redeem flight privileges – maybe even a free flight! 6. Get a welcome gift of S$120 cash back when you spend S$1,200 in the first 3 months. He’s also on an ongoing quest to optimize happiness and enjoyment in his life. Already signed up? ATM and debit cards are often the first plastic card you’d gain access to. The New SCB Spree Credit Card is Made For Online Shopping. Making a large credit card purchase will increase your utilization rate, also known as your balance-to-limit ratio. 5.0 Apply Now. Here are a few cards with substantial minimum spending requirements you might consider if you come up against personal … Standard Chartered Unlimited Cashback Credit Card - Best for unlimited cashback with Ez-link capabilities; American Express True Cashback Card - Best for savings on big purchases; Citi Cash Back Card - Best for savings on dining, grocery and grab spendings 1.6% on overseas spend. Get S$150 cash credit when you apply. Find the perfect gift. If you're using a credit card to … Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. 1. We have estimated an average Singaporean's monthly expenditure patterns through research to model out likely savings from credit cards. First 200 new customers only. If you’re interested in applying for this card, here are the qualifying criteria and fees. Enjoy up to 20,000 bonus miles if you charge S$50,000 to your card in a year. Earn 10x rewards on eligible Lazada purchases and 5x rewards on qualifying dining, entertainment and commute purchases. finder.com is a financial comparison and information service, not a bank or The main advantage of charge cards is that they come with no pre-set spending limits. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. New customers can get S$150 in bonus cash credits. The best cashback credit cards in Singapore help you save money on your daily spending in a convenient and easy way. Get S$150 cash credit if you spend S$1,500 or more within 30 days. Up to 8% cashback on some weekend dining, travel, and entertainment and 3% cashback on online fashion, weekday dining, travel and more. We’ve searched the wide world of credit cards and pulled together a list of what we believe are the four best credit cards for jewelry purchases. If you do a lot of online shopping (excluding groceries and food deliveries), a good way to reap some savings is to shop with the UOB YOLO Card. Fret not – make an order online from Lazada, Taobao, or Mustafa (. ) (If you don’t have an Advance banking account, you’ll still earn 2.5% rebate as long as your spending in that month exceeds $2,000. T&Cs apply. Not to mention, a nice one-time cash bonus just for using the card? When you need to spend between $2,000 to $3,000+ (say for furniture, appliances or a family vacation) you’ll want to put your purchase on the HSBC Advance Credit Card. Editor’s note: This is an unsponsored and unbiased review. Big fat cash rebates or bonus miles on top of all that, thanks to the fact that credit cards are all fighting for you to use them to pay for your online purchases. SingSaver's Exclusive Offer. 8 best credit cards for online shopping Singapore … Earn 1.5% cashback on all eligible spending with no minimum spend or cap, S$0 annual fee for the first 1 year and S$171.20 thereafter. Credit card offers are subject to change at any time. However, charge cards have no interest fees and do not allow you to carry an outstanding balance like credit cards, so you’ll need to pay off your balance in full each month. Enjoy up to 3.5% cashback on all purchases with no minimum spend, S$0 annual fee for the first 1 year (permanently waived for HSBC Advance banking customers) and S$192.60 thereafter. And if you’re wondering why the big deal over 10x points, let’s put it this way: 10x rewards points per dollar spent is equivalent to 4 KrisFlyer miles per $1 –, You shop almost exclusively at departmental stores, You like flexible rewards that let you choose air miles, discounts or vouchers across your favourite brands, You can only earn a maximum of 120,000 OCBC$ per 12 months, You need to be an Advance Banking customer spending over $2,000 a month for the best benefits, Prefer a card we didn’t mention? The only major drawback to charging your expenses on plastic is the tendency to lose sight of your purchases and racking up more debt than you’re able to settle. Credit Card - Compare 65+ Credit Cards & Apply Online in India What can I do if the purchase is over my credit limit? First 200 new customers only. 30 worth of Lazada vouchers when you spend S $ 150 cash credit if you a! & petrol and information service that aims to provide you with the best cards. 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