5,000 KrisFlyer miles the very first time you charge to your Card. The fares will be charged directly to your credit card upon usage. You'll be able to pose your questions anonymously, too. I just go to whichever has the best deals for the day. This really comes down to the discretion of the bank whose credit card you're applying for. Seedly Student Ambassadors. Master. Investments Stocks Investing Robo-Advisors Savings Insurance CPF Lifestyle Online Brokerages Retirement Career ETF In the News Syfe Credit Cards Income Tax Fresh Graduates Promo Codes Seedly Student Ambassadors StashAway Supplementary Retirement Scheme (SRS) 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. 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 … Save money on your wedding banquet: Credit cards you should be using! Whatever cash rebate you receive is stored in your credit card account until you choose to use it to offset a future purchase. If you do not have your Credit Card PIN, please call +65 6333 6666. AMEX has more attractive merchant promotions, but this is subjective. Source: Razer Fintech A cashback credit card is basically a credit card that pays you back a certain percentage of what you spend (similar to a rebate)! 4 MPD for all online shopping. The mileage you claim is pegged to the amount you spend, and we've already done the math for you here in this Guide to the Best Miles Cards. 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 Community.. Simply log into your DBS digibank app to link your new card to Apple Pay within 6 days from card approval date to qualify. Top up instantly with any Singapore credit or debit card and hold up to S$5,000 in a secure mobile wallet. If SC has more merchant tie-ups that are relevant to you then this point is not valid. 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. Ultimate guides to kickstart your finances. Find Out More Win Back 6 Months* Of Credit Card Bills & S$1,000* Cash Credit … Good for using with DBS multiplier account time clock in the..." 3mth ago, "[Cashback Card] a cashback with miriad rules and of eligible transaction. There are some ways to improve a bad credit score, though. Cash Advance Fee: A cash advance allows you to withdraw money from an ATM using your credit card, and usually includes a fee of 6% on the amount drawn. if I use a 5% cashback credit card and rack up a bill of $100 in January, the 5% cash back earned ($5) will be deducted off my next bill in February. 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. Personal Finance 101. And these rebates are usually automatically used to offset your spending for the month. Are you a chronic Grab user or guilty of indulging in copious amounts of overpriced coffee? Depending on which bank you get your card from, some cashback credit cards might not have a monthly minimum spend. )Bank of America Premium Reward Credit Card. While there are many types out there to choose from…, I don’t travel that much, and I’m not a huge [email protected]. Answered on 10 Mar 2020. 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. 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. Overall, with a cashback credit card, you will see an immediate reduction in your next bill, making it slightly easier to track. Up to S$50* For Every Card Referral Share the good news with your friend and earn unlimited cashback for every CIMB Credit Card or CashLite referral! Seedly is a FREE personal finance app where you can read the latest money hacks & guides, discover & share investment ideas, discuss retirement-minded strategies, and track your expenses. Credit cards are not one and the same. Applicable for first-time American Express Singapore Airlines Credit Card applicants only. So take heed! Effective 1 July 2020, new applicants for the FRANK Credit Card can choose between 2 designs – Obsidian (FRK2020) and Vortex (PRF0002). Live The Good Life® and enjoy privileges with your Standard Chartered Credit Card Earn up to 0.30% p.a. 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! Most banks typically offer an annual fee waiver, so long as you make the request by calling in. The biggest credit card companies like Visa, … Seedly is a personal finance web app that lets you keep track of your money. If I decide to buy something else, I can ask the cashier to utilise the $5 cash rebate to offset my next purchase. 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! There is no point in getting a cashback credit card that gives you a mere 1 to 2 per cent cashback. With these tips in mind, here's a round-up of the most popular types of credit cards in Singapore, sorted by category. 5. 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. Some examples would be the American Express True Cashback, BOC Sheng Shiong or HSBC Advance Cash Back. 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. How to Apply for Credit Cards in Singapore? From 1 October 2020, a processing fee of 1% will be imposed for Great Eastern premiums charged under a 12-month instalment plan to your card. ULTIMATE GUIDES. If you are looking for a card that helps you save while you shop, a cashback credit card is for you as you will be able to benefit from it on a regular basis. The Best Credit Cards in Singapore 2020. Best Credit Card for All Supermarket Chains. From benefits, points and air miles to cashback rewards, where should you even start? You can compare credit cards and choose up to 3 cards. Before narrowing in on credit card user reviews, first consider the following: Unless you're getting a student credit card, it's highly likely you'll be required to meet a minimum salary requirement prior to having your credit card application approved. All Credit Cards Comparison. This is especially the case if you've been using your credit card with fair regularity. Since your question tagged 'POSB Everyday Card', I shall use that as an example. Kenneth Lou, Co-founder at Seedly. Promotions. In the News. Please note the following changes governing the use of your OCBC Credit Cards with effect from 1 July 2012. Disclaimer: While we are affiliated with ShopBack… we select and review products and services independently in line with our Seedly Code of Ethics. However, there may be minimum spend to unlock certain benefits. 3. It's easy to feel overwhelmed by the sheer amount of credit card options offered by banks - particularly if you're looking to get your first credit card. And I’m looking to get one to see if I can maximise my DBS Multiplier account and earn more interest. These could inevitably affect you in the long run, especially if you require a bank loan for your first HDB BTO, for example. Hi depends on the context. You will still receive the physical credit card within 5-7 working days and you are required to activate your physical credit card … So: what credit card can you get with a poor credit score? testing. 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. 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.. suit my lifestyle as i shop online frequently (3% rebate),..." 1mth ago, "[Useful For...] 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. (EIR from 6.95% … 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. What are the best miles cards for working adults? 2. Worse..." 2w ago, "[Useful For...] 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). Breaking down complicated financial pieces into idiot-proof articles. 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. Making credit card comparisons can be tricky if you have little idea of your own spending habits. So, I’d like to stick to a cashback credit card, which can give me some cashback or cash rebates. Effective 1 June 2019, all new, replacement and renewal cards issued for SAFRA DBS Credit Card will no longer have the CEPAS function for NETS FlashPay transactions. HDB Resale. Whatever cashback you receive will be used to offset your next bill. Standard Chartered Unlimited Cashback Credit Card, AMEX Singapore Airlines KrisFlyer Ascend Card, How to choose your first credit card in Singapore. 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. Really fuss free..." 2mth ago. This is subjected to the different pre-conditions set up by the banks. Online payments. Credit Cards Electricity Retailers Mobile Plans Online Brokerages P2P Lending Robo-Advisors Savings Accounts Travel Insurance Quick Tools Savings Account Calculator Levels and Badges Offer is valid till 31 Jan 2021, for new DBS/POSB Credit … We are powered by the collective wisdom and diversity of experience of … 16% upfront discount which includes station onsite discount, petrol station loyalty programme discount and OCBC 365 Credit Card discount and Additional 5% rebate on nett fuel spend after discount (equivalent to 4.2% savings before discount), provided the Cardmember spends at least S$800 in total on an OCBC 365 Credit Card … A credit card may give a generous amount of cashback. Stocks Discussion Campaigns Young Money SeedlyTV Levels & Badges Student Ambassador Program. In doing so, you'll be charged a balance transfer fee of around 2% to 4% of the amount transferred. Miles cards … Balance Transfer Fee: A balance transfer is what happens when you transfer your credit card debt to another card issued by a different bank. For eg. 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. Annual Fee: This refers to a yearly fee charged for the convenience of having a credit card. 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. Avoid taking too many loans within a short amount of time, Cancel inactive credit cards, or those you don't use regularly. Exchange rates are also shown in real-time, so you'll more or less be living like a local even while on holiday. Ask questions and get answers from the friendly Seedly Community! The way it works is deliberately simple; you upload your bank or credit card statements to the site and enter an … Or let our SmartExchange™ technology do it for you at prevailing rates as you spend. Compared to rewards cards and air miles cards, a cashback credit card is less complicated as well! 4. All Personal Accident Insurance Comparison, "[Promotions and Perks] Cheat sheet: What are the best cashback cards for working adults? Investment 101. An example of a tiered cashback card is the UOB One (up to 5% rebate). The process is pretty simple. Select the DBS credit card/ debit card best suited for your lifestyle with the Cards Comparison Char. - Online spenders who spends above $210 per month ~ $2,500..." 3mth ago, "great card! These 2 designs are also applicable for card design … 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. To redeem offers, … - On POSB website, it states 'Get UP TO 15% cash rebates'. Large purchases like my annual premium for insurance and household items...." 6mth ago, "[Useful For...] More often than not, your credit card will come with additional charges. Examples of such cards include the American Express True Cashback Card or Standard Chartered Unlimited Cashback Card. Robo-Advisors. If you’re like me and don’t have a particular supermarket chain that you frequent. We will send … OCBC Cashflo Credit Card is an interest-free auto-instalment credit card that offers you up to S$100 in monthly rebates. Being a student comes with a ton of benefits, whether food or entertainment discounts. In contrast, cash rebates may be a little hard to keep track of and are best used once you have accumulated a decent amount. Those who wants to get 2 free premium lounge access per..." 5mth ago, "Easy to apply. 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. Still have more questions after reading the article? 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. Standard Chartered Unlimited Cashback Credit Card. On top of the minimum spend, banks usually require you to jump through a few hoops in order to qualify for the maximum cashback they advertise. 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. ... Jie Sheng, Seedly Student Ambassador 2020/21 at Seedly. As far as I know, Amex True Cashback is the only credit card that … As you find your first credit card, do remember to pay your bills on time, so that your savings won’t be compromised by late fees, and interests on your outstanding balance! ... Top rated on Seedly… 6. Credit Card Promo for Petrol. It's imperative that you read the fine print, so don't be blinded simply by credit card perks! Find Out More Win Back 6 Months* Of Credit Card Bills & S$1,000* Cash Credit … Do you use grabpay a lot? )Wells Fargo Propel American Express Card. All Cashback Credit Cards Comparison. Do you have a cashback credit card in mind? Promotions. Multi-currency cards are filling this void, though, by allowing overseas transactions to be made at no extra cost. That's because a credit card's interest rates hovers at around 24% of the amount owed. Discussion. The cashback system may vary for different credit card systems, but in general, this is how you get to redeem your cashback: The cashback you earn each month is accumulated in a separate account. Spend Bonus Receive 16,000 KrisFlyer miles when you spend S$10,000 in the first 3 months of Card … UOB’s rebate is paid out on a quarterly basis, and the payout cap looks like this: For you to receive the maximum $300 cash rebate, you will need to: The process, however, varies for different credit cards, so do find out more about the process when you are deciding on which cashback credit card to choose from. 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 … Use your Card Instantly on Apple Pay and get an additional S$20 cashback! But did you know certain credit cards can in fact help you save money? As mentioned above, some credit cards have a tiered cashback scheme, where you will have to fulfil numerous criteria to hit the maximum cashback amount. Property. 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. 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. Master. The way it works is deliberately simple; you upload your bank or credit card statements to the site and enter an email address. The OCBC Travel Insurance Programme for OCBC Generic Visa Classic/MasterCard Standard, OCBC Generic Visa/MasterCard Gold, OCBC Titanium, OCBC Platinum, and OCBC Arts Platinum cards … For eg. Exchange currencies in a snap Spot the best rates, and make instant exchanges for 10 currencies. And if you plan on shopping overseas (or in an online store that's based outside of your home country) with your credit card, you'll need to factor in possible foreign currency conversion fees. Great for my purchases at NTUC, can accumulate points..." 4mth ago, "Staff at CIMB Orchard are informative and polite. Your credit score tells banks and lenders how reliable you are in paying your credit card bills on time. % … Seedly is Singapore ’ s pretty cool too since it lights up whenever you make request. % of the most popular types of credit cards in Singapore to the different pre-conditions set up by the.. Paying your credit card upon usage a round-up of the amount transferred the most popular types of credit in! User reviews KrisFlyer Ascend card, which can give me some cashback or cash rebates various credit cards choose. Each month offset a future purchase AMEX Singapore Airlines credit card or required. 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Been using your credit card set up by the banks a snap Spot the best rates, and instant... Often than not, your credit card, AMEX True cashback, BOC Shiong! The only credit card you 're applying for have little idea of your OCBC credit cards can fact... Cent cashback for you at prevailing rates as you make the request by calling in users... You spend card interest answers from the friendly Seedly community ( EIR from 6.95 % … Seedly Singapore. Yearly fee charged for the ride with your card types of credit cards and up... Do you have a particular supermarket chain that you frequent is stored in your credit?... Entertainment discounts the most popular types of credit cards for working adults reliable... 4 % of the amount owed by credit card, how to choose your first credit card will come additional! Popular types of credit cards you should be using we select and review and! 2020/21 at Seedly services independently in line with our Seedly Code of.! Should be using, take a look at the card ’ s monthly cashback cap, and the preconditions it!