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How to apply for a credit card as an S Pass holder in Singapore

If you've just moved to Singapore for work, find out how you can apply for a credit card as an expat.

Credit cards are commonly used, widely accepted and serve as a convenient payment mode in Singapore. On top of that, they can offer a passport to generous rewards programs with advantages as you spend: these include dining perks, attractive cashback rewards and travel benefits.

Use this guide to learn how to apply for a credit card in Singapore, the eligibility criteria for S Pass holders and how to decide if a new card is a suitable option for you.

Compare credit cards

Name Product Reward Annual Fee Min Income - Foreigner
Citi Lazada Card
Earn 10x rewards on eligible Lazada purchases and 5x rewards on qualifying dining, entertainment and commute purchases
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$42,000
New customers can get up to S$250 Lazada & RedMart vouchers upon minimum spend of S$250. T&Cs apply. Ends 31 Oct 2021.
UOB Lady's Card
Earn 10X UNI$ (or 20 miles) per S$5 spent on a chosen spending category with no min. spend required, and 1X UNI$ (or 2 miles) on other purchases.
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$80,000
Apply and spend at least S1,500 within 30 days and receive S$300 cash credit. For first 100 new-to-UOB credit cardmembers. T&Cs apply. Valid until 31 Oct 2021.
UOB One Credit Card
Receive up to S$300 cash credit when you apply for a new credit card and spend at least S$1,500 within 30 days from card approval date.
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$80,000
Apply and spend at least S1,500 within 30 days and receive S$300 cash credit. For first 100 new-to-UOB credit cardmembers. T&Cs apply. Valid until 31 Oct 2021.
UOB PRVI Miles World Mastercard
Earn 1.4 miles per S$1 spent locally and 2.4 miles per S$1 spent overseas, including online shopping.
S$0 annual fee for the first 1 year and S$256.80 thereafter
S$80,000
Receive up to S$300 cash credit (for first 100 successful UOB personal credit card applications) when you apply for a new credit card and spend at least S$1,500 within 30 days from card approval date. T&C apply. Ends 31 Oct 2021.
POSB Everyday Card
Enjoy up to 10% cash rebates on dining and online shopping at selected e-Marketplaces.
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$45,000
Get up to 28% cashback with promo code ‘MORECASH' when you apply online via digibank or Myinfo with Singpass and charge a minimum of S$600 within 30 days from card approval date. T&Cs apply. Valid until 31 Jan 2022.
Citi Cash Back+ Card
Get up to 20.88% fuel discounts at Esso and Shell and 1.6% cash back on eligible retail purchases.
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$42,000
Receive 4.5% cash back on up to S$5,000 spend (up to S$225 cash back) in the first 3 months. T&Cs apply. Valid until 30 Nov 2021.
UOB PRVI Miles Visa Card
6 air miles for every S$1 spent through Expedia, Agoda and UOB Travel
S$0 annual fee for the first 1 year and S$256.80 thereafter
S$80,000
Receive up to S$300 cash credit (for first 100 successful UOB customers applications) when you apply for a new credit card and spend at least S$1,500 within 30 days from card approval date. T&C apply. Ends 31 Oct 2021.
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An S Pass is a visa which allows mid-level skilled foreigners – who earn a fixed monthly salary of at least S$2,400 – to work in Singapore. Other criteria must be met as part of an S Pass application, which has to be made by an employer.

Yes, S Pass holders (or others with valid working visas obtained from the Ministry of Manpower) may be eligible to apply for a credit card in Singapore as long as you meet the eligibility requirements of the specific card you’re applying for.

Foreigners are typically required to earn at least S$40,000 to $60,000 p.a. to apply for a credit card in Singapore.

Eligibility varies from bank to bank

Do note that different banks (or card type) have their own set of eligibility criteria. Some may require that you hold at least an Employment Pass to apply, so be sure to read the fine print before sending in your application.

Before applying for a credit card, make sure you’ve considered these factors:

  • Financial preparedness. Ask yourself if you’re able to establish a budget for your monthly credit card spending and capable of settling your monthly statement in full every month. If you tend to overspend and carry your credit card balance from month to month, you’ll incur extra interest charges and may even get into a debt cycle.
  • Conducted thorough research. Before getting a credit card, you should compare all available options in the market and find one that suits you best. Pay attention to factors such as reward types, interest rates, card benefits and fees.
  • Be aware of all potential fees. Make sure to scrutinise the fine print and be aware of all potential costs that come with the card, such as the annual fee, late payment penalty and cash advance fee. Also, take note that while Singaporean credit cards tend to offer generous rewards programs, they also come with some of the highest payment processing fees in the world.
  • Eligibility to apply. Most banks will require you to meet a minimum annual income of at least S$40,000. Some may even require you to have worked for at least a year to apply. To ensure a higher approval rate, do contact the bank in advance for a detailed list of eligibility requirements and supporting documents you’d need to provide.
  • Good credit history. Most card issuers will require you to have a good credit history before approving your application. So if you’ve just moved to Singapore, you may want to start paying your bills on time for a few months to a year before applying for a credit card. Our clear guide has useful tips on how to improve your credit score.
  • Haven’t applied for a credit card recently. Multiple hard credit inquiries are seen as more of a risk than just one, so if you’ve applied for several cards recently, then you may want to wait at least three to six months before applying again.

When shouldn’t I apply for a credit card in Singapore?

Credit cards are convenient to have, but they’re not meant for everyone. Before you make a hasty decision to sign up for a credit card right after moving here, take a look at some instances where a credit card may not be suitable for you:

  • Short length of stay. If you’re only going to be staying in Singapore for a year or less, or if your work requires you to travel out of the country often, it may be less of a hassle to retain your existing credit card from your home country instead of signing up for a new one.
  • Unable to manage finances. You may face extra expenses when you move abroad, ranging from rent to utilities to commuting costs. If you have too much on your plate, you should get that sorted out before putting your spending on plastic.
  • Existing loan or credit card debts. When you move to a new country, your existing debts are not left behind. Make sure to stick to a payment strategy and settle all your debts before taking up additional credit responsibility.

Read more on the pros and cons of applying for a credit card as a foreigner or S Pass holder.

If a credit card doesn’t suit your situation and you need a day-to-day expenses card for cashless transactions, a debit card may be a good option to consider instead.

Eligibility requirements

If you’re a foreigner who holds an S Pass, you’ll typically need to be at least 21 years old and have a valid working visa (e.g. employment pass, S Pass, etc.) with at least 6 months’ validity to apply for a credit card in Singapore.

Here’s the list of minimum annual income requirement from the various banks in Singapore:

BankMinimum annual income (for foreigners)
DBS/POSBS$45,000
OCBCS$45,000
UOBS$40,000
CitibankS$42,000
Standard CharteredS$60,000
MaybankS$60,000 (S$45,000 for Malaysian citizens)
HSBCS$40,000

Although it is not widely advertised, most banks will also consider your credit card application if you’re unable to meet the minimum annual income criteria, but have fixed deposit collateral with them. The fixed deposit amount typically ranges between S$10,000 and S$50,000. You can learn more about secured credit cards in our guide.

How to apply

If you’ve compared your options and decided on a credit card that is right for you, you can complete a secure application by clicking “Go to site” on the table above. The application should take approximately 10–15 minutes to complete. Before you apply, make sure you’ve met the eligibility requirements and have the necessary documents and information on hand. Take note that the exact documents required may vary among credit card issuers.

Required documents

  • Photocopy of your passport (with at least six months’ validity)
  • Photocopy of your employment pass (with at least six months’ validity)
  • Latest income tax notice of assessment and latest computerised payslip OR last three months’ computerised payslips

Additional documents

  • Identification documents supplementary applicant(s), if any
  • Proof of residence (e.g. latest mobile bill, utility bill or bank statement with your name and address)
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