Best Credit Cards Comparison

Compare the best Singaporean credit cards side by side to find the right card for you.

Updated . What changed?

Fact checked

Compare some of the best credit cards

Name Product Cashback Offer Reward Annual Fee
Citi PremierMiles Card
Up to 26% cashback at selected merchants
Earn 1.2 Citi Miles for every S$1 spent locally and 2 Citi Miles for every S$1 spent overseas.
Get 37,300 miles when you spend S$9,000 in the first 3 months. Annual fee applies. 31 October 2020.
HSBC Visa Platinum Credit Card
Up to 5% cash rebates on groceries, dining and fuel with minimum monthly spend of at least S$600.
Earn 1 Reward point for every $1 on all spend.
S$0 annual fee for 2 years - S$192.60 thereafter
New cardholders will be awarded with a Samsonite Prestige 69cm Spinner Exp with built-in scale (worth S$670) or S$150 cashback with minimum spend of S$800 within the qualifying spend period while existing cardholders will get S$30 cashback. Receive an additional S$30 worth of Lazada vouchers when you apply online with MyInfo via SingPass. T&Cs apply. Ends 31 Dec 2020.
OCBC Cashflo Credit Card
Receive S$60 rebate when you apply and spend S$600 within 2 months from your card approval date. Ends 31 Oct 2020.
S$0 annual fee for 2 years - S$160.50 thereafter
Receive S$60 rebate when you apply and spend S$600 within 2 months from your card approval date. Ends 31 Oct 2020.
UOB One Credit Card
Up to 10% cashback with some merchants including Grab,7-Eleven and Cold Storage; 6% for Singapore Power Utilities bills; and 5% back on all other retail spending.
Get S$150 cash credit when you apply. Minimum S$1,500 spend within 30 days. First 200 eligible applicants only.
S$0 annual fee for 1 year - S$192.60 thereafter
Apply today and get up to S$150 in bonus cash credits. T&Cs apply. Ends 31 Oct 2020.
Citi Cash Back Card
8% cash back on dining, groceries and petrol transactions. 0.25% cashback on other retail purchases.
Get up to 20.88% fuel discounts at Esso and Shell, and 8% cashback on dining and groceries.
S$0 annual fee for 1 year - S$192.60 thereafter
Get a welcome gift of S$120 cash back when you spend S$1,200 in the first 3 months. T&Cs apply. Ends 31 January 2021.
HSBC Advance Credit Card
Enjoy up to 3.5% cashback on all purchases with no minimum spend
Choose between a sign-up gift of a Samsonite Prestige 69cm Spinner Exp luggage or S$150 cashback when minimum spend requirements are met.
S$0 annual fee for 1 year (permanently waived for HSBC Advance banking customers) - S$192.60 thereafter
New cardholders will be awarded with a Samsonite Prestige 69cm Spinner Exp with built-in scale (worth S$670) or S$150 cashback with minimum spend of S$800 within the qualifying spend period while existing cardholders will get S$30 cashback. Receive an additional S$30 worth of Lazada vouchers when you apply online with MyInfo via SingPass. T&Cs apply. Ends 31 Dec 2020.
Citi Rewards Credit Card
Up to 26% cashback at selected merchants
10X Rewards on eligible online and retail purchases, capped at 10,000 points per statement month.
1X Rewards for other retail purchases.
S$0 annual fee for 1 year - S$192.60 thereafter
Get 30,000 Citi Thank You points when you spend S$3,000 in the first 3 months. T&Cs apply. 31 December 2020
HSBC Revolution Credit Card
Choose between a S$150 cashback or Samsonite suitcase if minimum spend requirements are met. T&Cs apply. Ends 31 Dec 2020.
Earn up to 10X Reward points or 4 miles per S$1 spent on qualifying purchases.
New cardholders will be awarded with a Samsonite Prestige 69cm Spinner Exp with built-in scale (worth S$670) or S$150 cashback with minimum spend of S$800 within the qualifying spend period while existing cardholders will get S$30 cashback. Receive an additional S$30 worth of Lazada vouchers when you apply online with MyInfo via SingPass. T&Cs apply. Ends 31 Dec 2020.
American Express CapitaCard
Receive a referral bonus of S$20 CapitaVouchers (awarded in 20,000 STAR$®) for you and your friend when you successfully refer a friend.
Earn 3X STAR$ when you shop at participating CapitaLand malls, and more
S$0 annual fee for 1 year - S$171.20 thereafter
Receive Sennheiser CX350BT Wireless In -Ear Headphones (worth S$149) upon S$3,000 minimum spend within the first 3 months of card approval. Ends 30 November 2020.
UOB PRVI Miles American Express Card
Get S$150 cash credit if you spend a minimum of S$1,500 within 30 days. First 200 new customers only.
Earn 1.4 miles for every S$1 spent locally with no minimum spend or cap.
S$0 annual fee for 1 year - S$256.80 thereafter
Enjoy up to 20,000 bonus miles if you charge S$50,000 to your card in a year. Apply today and enjoy free transfers to Changi Airport.
American Express True Cashback Card
Earn 1.5% cashback on all eligible spending with no minimum spend or cap
Enjoy cashback on all purchases with no minimum spend or cap. Plus receive up to S$80 CapitaVouchers when a minimum spend of S$500 is made in the first month.
S$0 annual fee for 1 year - S$171.20 thereafter
Apply today and get a 3% Cashback bonus when you spend S$5,000 in the first six months.
UOB Yolo Card
Up to 8% cashback on some weekend dining, travel, and entertainment and 3% cashback on online fashion, weekday dining, travel and more.
Enjoy a wide variety of discounts and cashback rebates on dining, entertainment, online shopping and travel.
S$0 annual fee for 1 year - S$192.60 thereafter
Apply today and get S$150 in bonus cash credits. T&Cs apply.
American Express Singapore Airlines KrisFlyer Credit Card
S$150 cashback for use at when you spend a minimum of S$12,000 until 30 June 2021
Earn 1.1 KrisFlyer Miles per S$1 spent on purchases with no cap.
S$0 annual fee for 1 year - S$176.55 thereafter
Get up to 13,300 KrisFlyer miles with a minimum spend of S$3,000 in your first 3 months and an additional Acer Monitor KA242Y (valued at S$349) if you are new to American Express.

Compare up to 4 providers

What is a credit card?

A credit card is a form of unsecured credit issued by banks. It allows users to make purchases without having to pay with cash and withdraw money from ATM machines. All Singapore credit cards come with a credit limit and an interest rate which is set by the lender. Credit cards are different from debit cards which are tied to actual money in a savings account.

What is the best credit card for me?

To choose the best credit card based on your circumstances, you need to compare benefits and features of various types of cards on the market. For example, if you want a credit card that offers benefits and perks, you could look at cashback cards, rewards cards or air miles cards. Or if you want a card with lower fees, you might consider a card with an annual fee waiver.

How does a credit card work?

When you use a credit card, you are essentially borrowing money from the bank to pay the retailer for goods or services. You’ll get a credit limit from the lender and this is how much you can spend on the card. The limit can range from around S$500 to thousands of dollars. The bank sets your limit after they’ve assessed your ability to make repayments.

At the end of each monthly billing cycle, you’ll receive a statement that tells you the total amount you owe the bank. By paying back the debt in full and on time, you typically won’t be charged any interest fees.

Different credit cards are suited to different kinds of uses. There are many types of credit cards in Singapore, including those which let you accrue rewards, air miles and cash rebates. The type of card that will work best for you will depend on a number of factors. These include:

  • What you want to use the card for
  • What you want to get back from the card, such as perks or cashback
  • Your financial history, including your credit score
  • The cards you’re eligible for

What type of credit card am I looking for?

Some of the brands we compare

AMEX logocitibank-laogoHSBC-LogoChase-Logo

Compare credit card features – rewards and cashback

Rewards cards

A rewards card can be a worthwhile way to get something back from your spending. Whether you’re a frequent flyer, loyal customer or big grocery spender, you can find a rewards credit card to suit almost any lifestyle.

  • The major draw of this type of card is earning points that can be redeemed for rewards. Depending on the card you use and the promotions in place, you may be able to earn bonus points when making certain types of purchases or shopping with a particular retailer.
  • What you can redeem your points for will vary from card to card. Some allow you to redeem points for flight rewards as well as shopping or travel vouchers. Others can be used for cash back, to redeem merchandise or even to donate to charity. Learn more about how rewards credit cards work.


Like a rewards card, a cashback card gets you something back on your spending. Cashback cards pay back a percentage of your credit card spend, usually as a statement credit. You could receive, for example, 1.5% back on every dollar of spending.

  • Cashback cards have the benefit of being straightforward: you don’t need to worry about the best way to maximise your credit card rewards, you simply get paid a fixed percentage.
  • Your cashback is credited to your account automatically, so you don’t need to worry about points expiring, or the loss of accumulated rewards due to account closure.
  • With the right card, cashback is effectively a permanent discount on all your spending – as long as you repay your balance before interest charges start.

Air miles

There are a lot of ways to get a return on your credit card spend and for the savvy traveller air miles can be a very attractive alternative to broader rewards cards or cashback cards.

  • Used for the right flights or flight upgrades, redeeming air miles can offer some of the highest percentage returns on every dollar you spend compared to other types of credit card rewards.
  • You can often transfer your air miles into other points programmes, including car hire or hotel loyalty programs.
  • Air miles are usually awarded on all of your credit card spending, no matter where you pay your air miles card will earn you something back.
  • Look out for accelerated earnings when you use your card while you travel.

Shopping rewards

Many credit cards offer discounts at selected stores when you pay with your card, or offer an accelerated reward earning rate at specific stores. If you regularly shop at certain retailers getting the matching card can save you a lot of money.

  • Expect to see significant discounts in the order of 10% to 15% with some cards and retailers, or offers such as saving S$20 when you spend at least S$80.
  • Accelerated rewards earnings rates are essentially the equivalent of a discount: earning 10X the rewards when you shop can work out to be a significant return in percentage terms.

Dining rewards

If you like dining out think about a card that offers discounts on dining or a higher cashback or rewards earning rate on your restaurant spend.

  • The savings on eating in a restaurant when you pay with a credit card that offers solid dining benefits can be very attractive, including two for one dining offers and discounts of up to 50%.
  • You could qualify for other benefits including special events.
  • Credit card dining benefits cover a range of tastes and preferences so there’s likely to be a card that offers discounts and benefits at your style of restaurant.

Petrol rewards

The savings you can get on a credit card with petrol discounts can be excellent, including savings rates of over 20% on some cards, so it is really worth paying for filling up your car using a suitable credit card.

  • Get a mix of on the spot discounts, cashback on your statement and rewards points when you pay for petrol with your credit card.
  • Petrol discounts cover a wide range of service stations around the country.
  • Your petrol discount is usually uncapped, you can save money every time you stop to fill up.

Understanding APR

If you’ve used your card for purchases, your debt begins to accrue interest. This is called an APR, or annual percentage rate, and it usually ranges between 11.99% and 28%. APR lets you know how much interest you’ll need to pay for borrowing money on a credit card. It takes into account regular interest, along with any other fees and charges. Therefore, APR can be a useful indicator of how competitive a credit card is.

How do interest charges work?

Each month, you’ll receive a credit card statement. Your statement will include key details such as:

  • The transactions you’ve made,
  • Your total outstanding balance, and
  • Any interest you’ve built up.

If you pay your entire credit card balance in full each month, you can usually take advantage of up to 55 interest-free days in the next statement period. Basically, you won’t pay any interest on what you’ve borrowed.

However, if you don’t pay off the whole debt then you’ll be charged interest on what’s left. That’s why it’s always best to pay all of your balance each month. Keep in mind that, if you miss the minimum repayment – which is typically about 2-3% of your total balance – you’ll be charged late payment fees. You may want to try our credit card interest calculator to test how long it could take to pay off debt.

Back to top

How am I charged for using a credit card?

  • Annual fee. This is the cost to own a credit card. The annual fee ranges from S$0 to hundreds of dollars depending on the credit card type. The credit card annual fee is deducted from your available credit and accrues interest at the purchase rate if it isn’t paid in the first statement period. Learn more about no annual fee cards.
  • Interest rates. There are no interest charges levied on your purchases if you pay off the card balance within the grace period. Beyond that, credit cards here typically charge an interest of 24-28% per annum on your card balances. As the interest is compounded and charged on a daily basis, they can easily accumulate if you keep rolling over your balances month-on-month.
  • Repayments. You’re free to repay as much as you like as often as you like. You’re required to make the minimum repayment when your statement is issued. The minimum repayment is usually 5% of your outstanding balance. You will pay a late payment fee if you don’t make the minimum repayment by the statement due date.
  • Other fees. Other fees you may run into include late payment fees, overlimit fees for spending past your credit limit, foreign transaction fees, rewards program membership fees and cash advance fees.

6 credit card application tips

  1. Assess your needs. Before you begin your search, spend some time considering what you want, need and can afford with your next credit card.
  2. Compare your options. Once you’ve decided what type of card you want, it’s time to begin comparing your options.
  3. Am I eligible? Know the requirements for the card application – do you need a minimum income, and do you meet the age limit?
  4. Know your credit score. You should request a copy of your credit history before applying, so you can correct any possible errors on it and see exactly what the bank will be seeing when they assess your application.
  5. Lower your credit utilisation ratio. If you already have a credit card balance, it’s wise to pay off your existing balances before submitting a new credit card application.
  6. Avoid applying for multiple cards at once, or within a short period. Each credit enquiry that a lender makes about your credit history leaves a new mark on your credit file. If you’re turned down for a card, try to find out why you might have been declined before you apply again.

12 essential credit card tips to ace your application

Understanding your credit score

In Singapore, banks and other lenders mostly rely on the Credit Bureau Singapore (CBS) credit score to determine the repaying capacity of the applicant and the probability of default on loans. The CBS Credit score is a 4-digit number computed by the CBS. It’s based on the applicant’s record of past repayments of loans and credit card debts.

The score set ranges from 1000 to 2000, whereby 1000 indicates a high risk of default and is thus considered a poor credit score. Conversely, 2000 is an excellent credit score, indicating the lowest risk of default. Read more about how you could improve your credit score before you apply for a card.

Pros and cons of credit cards


  • Convenience. When used smartly, credit cards offer a hassle-free way to pay for goods and services. They’re easy to use in-store, online and overseas both with plastic and through a smart device. They come with multiple layers of security and fraud protection, so if anything happens to your card details your money is still safe.
  • Rewards. The Singapore credit cards market is a competitive one, and you can take advantage of generous sign-up bonuses and perks, ranging from free luggage to 10x cashback boosts and more.
  • Using a credit card can give you “something for nothing” – as long as the rewards you earn are more valuable than the card’s overall costs. So, if you’re organised and you can pay off your balance in full each month, you can use card a bit like an interest-free loan as you’re effectively borrowing money for free.


  • Debt. You could end up in a spiral of debt if you don’t manage your credit card account in the right way. On top of spending money you don’t actually have, the interest costs add up quickly if you don’t pay your balance back in full.
  • Cost of borrowing. Compared to some other loan products, credit cards are relatively expensive. Always keep in mind that penalty charges and fees will apply if you miss repayments for any reason, or go over your agreed credit limit.

How to apply

Firstly, keep in mind that you’ll have to meet the card issuer’s minimum eligibility requirements to have any chance for your application to be approved.

Once you’ve done a thorough comparison and you’re ready to apply for a new card, just click on the ‘Go to site’ button in the table or review. This takes you to the official application page of your chosen lender on this page. There, you can read the full terms and conditions before starting a secure, online application with the bank or lender. This also means that Finder doesn’t collect your personal details or information during the application process.

Credit card eligibility

Eligibility requirements for a credit card usually include:

  • Age. Cardholders must be at least 18 years of age for student cards, 21 years old for regular credit cards. The minimum age for a supplementary cardholder is also at least 18 years old.
  • Residential status. Most credit cards are open to application for Singaporeans, permanent residents(PR) and foreigners alike, subject to varying income requirements and additional documents.
  • Minimum income. The minimum income requirement will vary between cards, but they usually start at S$30,000 p.a. for most basic credit cards and around S$80,000 or above for higher-tier products.
  • Credit history. All credit card issuers require applicants to have a good credit history. A lender needs to assess how likely it is you will be able to meet your repayments.

Again, make sure you confirm that you meet the eligibility criteria before you submit your application for a credit card in Singapore; rejected applications can have a negative impact on your credit score.

Back to top

Frequently asked questions

Back to top

Read more on this topic

  • Aspire Corporate Card Review

    Learn more about the features offered by Aspire Corporate Card, a free virtual debit card linked to your Aspire business account.

  • Best credit cards

    Compare Singaporean credit cards side by side to find the right card for you.

  • Credit card promotions

    Compare promotions including bonus cashback, annual fee waivers, free luggage and more.

  • Petrol rewards credit cards

    Want to enjoy discounts or earn points when refuelling your vehicle? Compare petrol rewards credit cards.

  • No Annual Fee Credit Cards

    Save on card costs and enjoy a wide range of benefits with a no annual fee credit card.

  • Rewards Credit Cards

    Earn points as you spend and redeem them for gift cards, shopping, travel and more with a rewards credit card.

  • Compare Credit Cards

    Whether you want rewards, low rates, no annual fees or complimentary extras, use our free credit card comparison tools to find the right one for you.

  • Best credit cards for shopping online

    Shop with safety and save on fees when using a credit card to shop online.

  • Cashback credit cards

    Get rewarded with money back in your account with a cashback credit card.

  • Best credit card hotel promotions 2020

    Learn about how to reap the rewards of hotel promotions – both in Singapore and further afield – while using your credit card.

Ask Finder

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy Policy and Terms.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site