It’s also worth noting that the individual banks have their own exclusions so make sure you read the respective terms and conditions before deciding which cashback credit card to sign up for. Kathlyn Laiu, Community Associate at Seedly . ULTIMATE GUIDES. You'll be able to pose your questions anonymously, too. Save money on your wedding banquet: Credit cards you should be using! - Online spenders who spends above $210 per month ~ $2,500..." 3mth ago, "great card! There are some ways to improve a bad credit score, though. To get a quick overview, take a look at the card’s monthly cashback cap, and the preconditions surrounding it! ... Jie Sheng, Seedly Student Ambassador 2020/21 at Seedly. Being a student comes with a ton of benefits, whether food or entertainment discounts. SEEDLY COMMUNITY: SHARE & DISCUSS PERSONAL FINANCE STRATEGIES Seedly … Termination of Travel Insurance. Most banks typically offer an annual fee waiver, so long as you make the request by calling in. The process is pretty simple. Foreign Transaction Fee: Convenient as it may be to swipe your credit card while on holiday, we earlier mentioned the charges you'll be subject to - including the dynamic currency conversion rate, which will be charged at the point of your transaction. Firstly, theres no minimum spend to use a credit card. A Digital Credit Card is a virtual version of a credit card which you can use after successful activation without the physical version of a credit card. - On POSB website, it states 'Get UP TO 15% cash rebates'. 3. Discussion. Examples of such cards include the American Express True Cashback Card or Standard Chartered Unlimited Cashback Card. Top up instantly with any Singapore credit or debit card and hold up to S$5,000 in a secure mobile wallet. Credit Cards. Whatever cashback you receive will be used to offset your next bill. Balance Transfer Fee: A balance transfer is what happens when you transfer your credit card debt to another card issued by a different bank. Renovation. Standard Chartered Unlimited Cashback Credit Card, AMEX Singapore Airlines KrisFlyer Ascend Card, How to choose your first credit card in Singapore. We are powered by the collective wisdom and diversity of experience of thousands of Seedly community members who … All Credit Cards Comparison. When choosing a credit card, it is important to ensure that you are able to hit the minimum spend, without chalking up a huge amount of expenses. Fret not, ask our community here! I just go to whichever has the best deals for the day. Exchange rates are also shown in real-time, so you'll more or less be living like a local even while on holiday. Find Out More Win Back 6 Months* Of Credit Card Bills & S$1,000* Cash Credit … With these tips in mind, here's a round-up of the most popular types of credit cards in Singapore, sorted by category. Making credit card comparisons can be tricky if you have little idea of your own spending habits. So take heed! You should also: Apart from user reviews on credit cards - we've an exhaustive list for your perusal - these guides are an excellent segue into the world of credit cards, no matter your spending habits. Income Tax. Master. Disclaimer: While we are affiliated with ShopBack… we select and review products and services independently in line with our Seedly Code of Ethics. Find Out More Win Back 6 Months* Of Credit Card Bills & S$1,000* Cash Credit … Overlimit fee: $40 will be charged on the card with highest balance on the statement billing date, if the total outstanding balance (including unbilled balance) of all credit card(s) exceeds customer’s combined credit limit on any day within the statement period. The above table sorted out based on the Most Popular credit cards for online shopping based on real user reviews. Seedly. Compared to rewards cards and air miles cards, a cashback credit card is less complicated as well! HDB BTO. All Miles Credit Cards Comparison. Of course, there is no point in getting a cashback credit card if it has a minimum spend that will result in you spending above your means. If this help you first research and understand the benefit of each of this credit card before you make a decision in having a credit card to … Most insurance companies allow paying first year premium for whole life plans using credit cards, and some through their online portal allows payment via credit card … If you do not have your Credit Card PIN, please call +65 6333 6666. I personally have the stanchart unlimited card and will be getting the amex true cashback the moment i have a s$5k expense (because you get 3% for the first s$5k spent in the first few months. Credit cards are not one and the same. Note: the various credit cards … While there are many types out there to choose from…, I don’t travel that much, and I’m not a huge [email protected]. suit my lifestyle as i shop online frequently (3% rebate),..." 1mth ago, "[Useful For...] You will still receive the physical credit card within 5-7 working days and you are required to activate your physical credit card … If you’re like me and don’t have a particular supermarket chain that you frequent. Theres a promotion that has been going on since October 2019 and it is that if you apply for Maybank Credit Cards and CreditAble, you get a complimentary luggage from American Tourister (luggage worth $260). Best Miles Credit Cards. Compare and read real user reviews on the best cashback, air miles and rewards credit card in Singapore.Stay updated with the latest credit card promotions. That's because a credit card's interest rates hovers at around 24% of the amount owed. A Digital Credit Card is a virtual version of a credit card which you can use after successful activation without the physical version of a credit card. You'll also have to pay your bills within the stipulated timeframe on your statement, or face late payment charges - including increased interest rates on the owed sum. Seedly is Singapore’s largest personal finance community. These could inevitably affect you in the long run, especially if you require a bank loan for your first HDB BTO, for example. Promotions. This is especially the case if you've been using your credit card with fair regularity. Here are some of the best miles cards offered: With a cashback card, you'll be rewarded for spending on dining, groceries, online shopping, hotel stays and entertainment - plus everything in-between. If you are a fan of online market places such as Lazada and Shopee, they each launched their own promotion with various banks in Singapore too. If you’re in a similar situation, then here’s a quick introduction into the world of cashback credit cards, and how to choose the best cashback credit card! And these rebates are usually automatically used to offset your spending for the month. Personal Finance 101. Late Fee: Yep, we're again reiterating this. You can discuss the pros and cons of it in Seedly’s Credit Card Reviews! Applicable for first-time American Express Singapore Airlines Credit Card applicants only. It's imperative that you read the fine print, so don't be blinded simply by credit card perks! Exchange currencies in a snap Spot the best rates, and make instant exchanges for 10 currencies. Master. 4 MPD for all online shopping. HDB Resale. A credit card may give a generous amount of cashback. Property. SEEDLY COMMUNITY: SHARE & DISCUSS PERSONAL FINANCE STRATEGIES Seedly is Singapore’s largest personal finance community. If I decide to buy something else, I can ask the cashier to utilise the $5 cash rebate to offset my next purchase. This really comes down to the discretion of the bank whose credit card you're applying for. First, you head to Seedly Reviews to find out what kind of credit cards are available in Singapore.. You can sort the cards based on the ‘Most Reviewed’ or even by the ‘Highest Rating’ given by our Seedly … As far as I know, Amex True Cashback is the only credit card that … Select the DBS credit card/ debit card best suited for your lifestyle with the Cards Comparison Char. If you fancy the idea of redeeming rewards in the form of vouchers for movies, shopping, dining, hotel stays and air miles, then these rewards credit cards may be something worth considering. Those who wants to get 2 free premium lounge access per..." 5mth ago, "Easy to apply. If you've still got burning questions after reading real user reviews on the best credit cards in Singapore, head on over to the Seedly Q&A platform! Minimum spend on Credit Card to get cashback/more cashback. OCBC Cashflo Credit Card is an interest-free auto-instalment credit card that offers you up to S$100 in monthly rebates. These are usually transactions like (not exhaustive): So if you plan to clock your recurring bills under eligible spending, make sure you check if it qualifies under the, $50 (3.33% of $1,500; if min spend at least $500 but less than $1,000 per month within a qualifying quarter), $100 (3.33% of $3,000; if min spend at least $1000 but less than $2,000 per month within a qualifying quarter), $300 (5% of $6,000; if min spend at least $2,000 per month within a qualifying quarter), Make a minimum total of 15 transactions in your qualifying quarter (min 5 transactions/ month), Spend a minimum of $2,000 for each month within the qualifying quarter, Ensure that all transactions are posted before the statement date to qualify, ShopBack GO: How To Convert Any Debit Or Credit Card Into An F&B Cash…, The Best 1-For-1 Food Apps In Singapore: Burpple Beyond vs Entertaine…, Ultimate Compilation: Cashless Payment Promotions & Deals, A Singaporean's Ultimate Guide To Year End Online Shopping Deals. If a Spree Credit Cardholder purchases a Covered Item online, pays for it in full, using the Spree Credit Card and within 14 calendar days of the date of purchase, finds the exact item being offered at a lower … Kenneth Lou, Co-founder at Seedly. We will send … Credit Card Promo for Petrol. The Credit Bureau of Singapore only tracks your borrowing history over a 12-month period - so you'll only need to maintain that to recover from a poor record. Large purchases like my annual premium for insurance and household items...." 6mth ago, "[Useful For...] You may use your new card for public transit. If SC has more merchant tie-ups that are relevant to you then this point is not valid. In doing so, you'll be charged a balance transfer fee of around 2% to 4% of the amount transferred. So if you plan to clock your recurring bills under eligible spending, make sure you check if it qualifies under the card that you’re charging to. If you’re in a similar situation, then here’s a quick introduction into the world of cashback credit cards, and how to choose the best cashback credit card! You will still receive the physical credit card within 5-7 working days and you are required to activate your physical credit card before use. This is subjected to the different pre-conditions set up by the banks. For eg. Since your question tagged 'POSB Everyday Card', I shall use that as an example. Credit card providers with instant approval can provide a digital credit card that you can start using even before your physical card arrives in the mail. To redeem offers, … Visa Credit/Debit Card monthly, On his first S$50,000, he earns interest at 0.40% per year; On his next S$10,000, he earns interest at 0.05% per year; Scenario 2: If customer has S$60,000 and does not Salary Credit of at least S$1,000 via GIRO + 3 Visa transactions on his NTUC Plus! 6. Miles cards … Still have more questions after reading the article? Your borrowing history is compiled in something called a credit bureau report, and can be obtained from the Credit Bureau of Singapore for a fee of $6. That usually amounts to only a few dollars each month. An example of a tiered cashback card is the UOB One (up to 5% rebate). As you may have seen during your search for high quality cannabis seeds, many seed banks don’t offer the possibility to buy weed seeds with a credit card.. Visa Credit/Debit Card … Seedly is a personal finance web app that lets you keep track of your money. Banks do offer a grace period of between 21 to 25 days, but ignoring this window is an expensive mistake you don't want to make. Good for using with DBS multiplier account time clock in the..." 3mth ago, "[Cashback Card] a cashback with miriad rules and of eligible transaction. In such cases, it is then better to get something that is easy to use, so that you don’t have to worry about not optimising your credit card. From benefits, points and air miles to cashback rewards, where should you even start? if I use a 5% cash rebate credit card to pay for a $100 purchase, a $5 cash rebate will be credited into my credit card account. Your credit score tells banks and lenders how reliable you are in paying your credit card bills on time. Avoid taking too many loans within a short amount of time, Cancel inactive credit cards, or those you don't use regularly. Before delving into your comparison, it's important to first understand what getting a credit card entails, and the importance of maintaining a good credit score. Great for my purchases at NTUC, can accumulate points..." 4mth ago, "Staff at CIMB Orchard are informative and polite. The process is pretty simple. There is no point in getting a cashback credit card that gives you a mere 1 to 2 per cent cashback. In such cases, you are better off using cashback apps such as ShopBack where you can get 1 to 10 per cent cashback from different merchants, simply by linking up your favourite credit card! We are powered by the collective wisdom and diversity of experience of … Credit Cards Electricity Retailers Mobile Plans Online Brokerages P2P Lending Robo-Advisors Savings Accounts Travel Insurance Quick Tools Savings Account Calculator Levels and Badges Answered on 04 Oct 2020. Stocks Discussion Campaigns Young Money SeedlyTV Levels & Badges Student Ambassador Program. Breaking down complicated financial pieces into idiot-proof articles. I applied for it for the Apple AirPods promo with..." 1mth ago, "[Card Hacks] In the News. 5. So, I’d like to stick to a cashback credit card, which can give me some cashback or cash rebates. Level 6. Best Credit Card for All Supermarket Chains. And then there're student credit cards, whose prerequisites are considerably lower: no minimum income requirement, no minimum spend, and far lower annual fees. Offer is valid till 31 Jan 2021, for new DBS/POSB Credit … Seedly Student Ambassadors. However, most banks use the terms interchangeably, as the main idea of getting cash back to offset your bills is still kind of the same. Disclaimer: While we are affiliated with ShopBack… we select and review products and services independently in line with our Seedly … Using a personal finance management tracker (like - ahem - the Seedly app) or an Excel sheet could help you better identify where most of your money goes, so you'll be able to reap the full benefits of your card. P.S. Content. Ask questions and get answers from the friendly Seedly Community! 5,000 KrisFlyer miles the very first time you charge to your Card. You can contribute your thoughts like Rachel Yeo. What are the best miles cards for working adults? 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