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Credit card promotions

Learn how to compare promotions including free luggage, bonus cashback, annual fee waivers and lots more.

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A credit card promotion can help you get more value from a new card by giving you the chance to save on rates and fees, earn more points, get free gifts or even cash back into your account. These offers are usually only available for a limited time, so you’ll want to make a quick and informed decision based on your needs.

Read on to find out everything you need to know about credit card promotions in Singapore.

Compare credit card promotions

Name Product Reward Cashback Offer Annual Fee Min Income - Singaporean and PR
UOB One Credit Card
Get S$150 cash credit when you apply. Minimum S$1,500 spend within 30 days. First 200 eligible applicants only.
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.
S$0 annual fee for the first 1 year and S$192.60 thereafter
Apply today and get up to S$150 in bonus cash credits. T&Cs apply. Ends 31 Oct 2020.
UOB PRVI Miles American Express Card
Earn 1.4 miles for every S$1 spent locally with no minimum spend or cap.
Get S$150 cash credit if you spend a minimum of S$1,500 within 30 days. First 200 new customers only.
S$0 annual fee for the first 1 year and 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.
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.
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 the first 1 year and S$256.80 thereafter
Apply today and enjoy up to S$150 in cash credits if minimum spend requirements are met.
UOB PRVI Miles Visa Card
6 air miles for every S$1 spent through Expedia, Agoda and UOB Travel
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 the first 1 year and S$256.80 thereafter
Apply today and enjoy up to S$150 in cash credits. Plus, free travel cover.
UOB Yolo Card
Enjoy a wide variety of discounts and cashback rebates on dining, entertainment, online shopping and travel.
Up to 8% cashback on some weekend dining, travel, and entertainment and 3% cashback on online fashion, weekday dining, travel and more.
S$0 annual fee for the first 1 year and S$192.60 thereafter
Apply today and get S$150 in bonus cash credits. T&Cs apply.
KrisFlyer UOB Credit Card
Earn 3 KrisFlyer miles per S$1 when you spend with Singapore Airlines, Scoot, SilkAir or KrisShop and 1.2 KrisFlyer miles per S$1 on all other spend.
Get S$150 cash credit if you spend S$1,500 or more within 30 days. First 200 new customers only.
S$0 annual fee for the first 1 year and S$192.60 thereafter
New cardholders can receive 7,000 KrisFlyer miles when applying and spending a minimum of S$1,500 within 30 days card approval. Ends 31 October 2020. An additional 3,000 KrisFlyer miles for new cardholders upon spending a minimum of S$5. Existing UOB cardmembers get 3,000 KrisFlyer miles after the first transaction of S$5 minimum. T&Cs apply.
American Express True Cashback Card
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.
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
Apply today and get a 3% Cashback bonus when you spend S$5,000 in the first six months.
HSBC Visa Platinum Credit Card
Earn 1 Reward point for every $1 on all spend.
Up to 5% cash rebates on groceries, dining and fuel with minimum monthly spend of at least S$600.
S$0 annual fee for the first 2 years and S$192.60 thereafter
New cardholders can receive a Samsonite Prestige 69cm Spinner Exp suitcase (worth S$670) or S$150 cashback, if a minimum of S$800 is spent using the card in the qualifying spend period. 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 Singapore Airlines KrisFlyer Credit Card
Earn 1.1 KrisFlyer Miles per S$1 spent on purchases with no cap.
S$150 cashback for use at when you spend a minimum of S$12,000 until 30 June 2021
S$0 annual fee for the first 1 year and 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.
HSBC Revolution Credit Card
Earn up to 10X Reward points or 4 miles per S$1 spent on qualifying purchases.
Choose between a S$150 cashback or Samsonite suitcase if minimum spend requirements are met. T&Cs apply. Ends 31 Dec 2020.
S$0 annual fee
New cardholders can choose from a Samsonite Prestige 69cm Spinner Exp luggage worth S$670 or S$150 cashback. Existing cardholders will get S$30 cashback. Minimum spend of S$800 within the qualifying spend period is required. T&Cs apply. Ends 31 Dec 2020.

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How does a credit card promotion work?

A credit card promotion is an offer – such as bonus points, 0% interest rates, free vouchers or cash rebates – that is typically available only to new customers who apply for a specific credit card during the stated promotional period. Depending on the deal you choose, you may find the promotion is valid only if you meet certain spending requirements on your credit card.

The benefits of credit card promotions may last for a limited time. For example, any promotional interest rates or fee discounts revert to standard features after the promotional period. Bonus points you accrue, on the other hand, will last until you use them or they expire. Depending on the credit card, you may be able to take advantage of more than one of these offers at a time.

Understanding how credit card offers work and considering both the introductory offer and the ongoing card features means you can choose a card that offers you value now and in the future.

What types of credit card promotions can I get?

There are several different types of credit card promotions. Check out some of the most popular options in Singapore below:

Bonus points

  • Reward points.
    Many rewards credit cards include bonus points when you apply and are approved for the card. Bonus points offers are usually only available when you apply by a certain date and meet the spend criteria so may need to spend a certain amount within a specific period to collect the bonus points. Find out more about how rewards credit cards work.
  • Air Miles.
    Similar to bonus reward point promotions, many frequent flyer credit cards offer bonus points on sign up. Most cards offer KrisFlyer miles, but some also let you transfer bonus points to other programs such as Emirates Skywards, Qatar, Qantas or Asia Miles. Keep in mind, you’re usually required to spend a minimum amount within a set period to qualify for the bonus points offer.


  • Cashback offers.
    Cashback cards offer you cash back when you get a new credit card. Like bonus point promotions, you usually need to spend a specific amount of money on the card before you can enjoy the cashback offer. For example, an offer might give you S$200 cashback if you spend S$500 in the first 3 months you have the card. Some cashback offers also require you to spend the minimum amount in a specific way, such as by making contactless payments.

Free gifts

  • Free luggage.
    Credit cards with free luggage have become increasingly popular in Singapore. Some credit cards with free luggage promotions also offer bonus miles as part of the introductory promotion.
  • Gift cards.
    Similar to cashback deals, some credit cards offer complimentary gift cards to new customers, usually for an affiliated store or brand. To be eligible, you usually have to apply during the promotional period and may need to enter a promotional code online.
  • Discounted purchases.
    Some credit cards may offer you a discount on specific transactions. For example, a frequent flyer credit card could offer 10% off flight bookings made with the affiliated airline during the promotional period.

Reduced annual fees and interest rates

  • Credit cards that offer 0% interest on purchases.
    Purchase rate offers help you save on your spending by giving you a low or 0% interest rate during the introductory period. At the end of this period, the promotional rate reverts to a standard interest rate that applies. To get the most out of low or 0% purchase rate deals, pay off charges before the end of the introductory period.
  • No annual fee credit card offers.
    This type of promotion waives the annual fee of the credit card for a promotional period (usually the first 12 months). You usually need to apply before a specific date to enjoy a no annual fee introductory offer. After the introductory period, the standard annual fee will be applied to the account.
  • Credit cards offering reduced annual fees.
    Instead of waiving the annual fee completely, some credit cards offer a reduced annual fee for a promotional period. The reduced annual fee usually only applies for the first year, and you may be required to meet a minimum spend requirement or apply before a specific date to take advantage of the lower annual fee.

What about dining promotions?

Credit cards with dining promotions offer users discounted meals up to 50% off and 1-for-1 buffet deals at hotels and restaurants around Singapore. Dining promotions tend to be very popular in Singapore. These promotions change regularly and have relatively quick expiration dates. However, new promotions come out regularly, allowing card users to take advantage of deals at different restaurants and hotels. For more information, check out our guide to dining credit cards.

How to compare credit promotions

To compare credit card promotions, consider the promotional offer, the interest rates, the fees and charges and any rewards and extras that come with the card. Thinking about the following factors will help you find an promotion that suits your needs in the short-term and a credit card that fits your circumstances in the long-term.

Promotional offers

  • The length of the introductory period.
    With low purchase rate or balance transfer rate offers, it’s important that you calculate how much you’ll need to pay each month to repay the entire balance before the promotional period ends. Otherwise, any remaining balance will incur the standard interest and begin to counteract your savings.
  • The promotional offer end date.
    These offers are only available for a limited time, so you will need to apply before the end date to take advantage of them. Check the terms and conditions to make sure any offers you want are still available before you apply.

Interest rates

  • The promotional interest rate.
    Depending on the card, the promotional offer may have a low or 0% interest rate. Usually, the lower the interest rate, the more savings you’ll make. However, you should also weigh up the promotional interest rate with the annual fee and the length of the promotional offer to determine which card offers the most savings.
  • The standard interest rates.
    If you have a card with a low or 0% purchase or balance transfer deal, the standard interest rates will apply to any balances remaining at the end of the introductory period. These rates are generally much higher than those of the promotional offer, so considering them before you apply will help you avoid any nasty surprises when the promotion ends.
    Interest charges.
    If you have to meet a minimum spend to earn bonus points or redeem your promotional offer, remember that these purchases will incur interest. This is why it’s important to ensure that the spend requirement fits within your budget. Otherwise, the interest costs could easily outweigh the value of the points or bonus offer.


  • Standard annual fees.
    If you get a reduced or waived annual fee offer, make sure you check the standard annual fee so that you know how much you will have to pay after the first 12 months. If you only intend to use the card while the waived annual fee is in place, make sure you know when the standard annual fee will apply and close your card before then to avoid paying extra.
  • Other fees and charges.
    As well as the annual fee, the card may come with other rates and fees such as balance transfer fees, cash advance fees, foreign transaction fees and late payment costs. You can use the reviews on finder to browse a full list of rates and fees associated with a product to understand exactly how much you’ll have to pay when you use the card.

Rewards and extras

  • Standard rewards points.
    As well as the bonus points, make sure the regular rewards program (including the earn rate and how you can redeem your rewards) suits your spending behaviours and rewards goals.
  • Complimentary extras.
    Additional, ongoing perks such as international travel insurance, extended warranties and concierge services can bring more value to the card that you choose. However they can also attribute to higher annual fees, so make sure these are features you’d take advantage of before you apply.

What’s the catch?

smartphone-credit-card-250x250-ShutterstockWhile a credit card promotion can help you get more value from your card, there are some mistakes to avoid to ensure the card costs don’t outweigh the benefits of the offer. Here are some of the ways you can avoid common mistakes:

  • Read all offer terms and conditions. Credit card promotions have specific eligibility requirements you have to meet, so make sure you understand the fine print before you apply
  • Check spending requirements. Some cashback and bonus point offers require you to spend a minimum amount in an introductory period of a few months. It could be as little as S$100 or as much as S$10,000 depending on the card, so it’s important to check before you apply to make sure you can afford to take advantage of the offer.
  • Don’t waste the promotional offer time period. With a balance transfer or purchase rate offer, the promotional period (such as 12 months) will begin as soon as you apply for the card, rather than when you make the transfer or your first purchase. To avoid wasting the valuable offer, make sure you start consolidating your debt or paying off your purchases as soon as possible to take advantage of the full offer.
  • Look at the ongoing features of the card. While promotions can give you short-term benefits, the standard features of a credit card determine its ongoing value. Always check these features before you apply for a credit card to decide if it’s worth it for you.
  • Check the end date of the offer. To get a specific credit card offer, you must apply before the end of the promotional period. Regularly comparing credit cards can help you stay up-to-date with all the offers available when you’re considering a new card.
  • Consider if you want to use the card after the introductory period. If you decide you don’t want the card you applied for after getting an introductory offer, you could end up paying more credit card fees and adding to your debt. Make sure you consider this before you apply, choose an appropriate card, or cancel the account if you no longer want to use it.

How can I get a promotional credit card offer?

You usually have to meet specific requirements to be eligible for a promotion on a credit card. These conditions vary but typically include:

  • New customers. You must be a new credit card customer, with no existing credit cards issued by the company you’re applying with. For example, if you have a credit card issued by American Express, you likely won’t be eligible for Amex promotional offers.
  • Credit card approval. You must apply and be approved for the credit card by a certain date in order to take advantage of the promotion.
  • Application dates. Some promotional offers may only be available to applicants who apply and are approved by a set date.
  • Spend requirements. When there are bonus points offer available, often you’ll be required to meet a spend requirement by a set date to receive the points.

Before you apply for a card with an introductory offer, make sure you fully understand these terms and conditions to ensure you can get the full value from the offer.

Compare cards with promotional offers and apply securely

Frequently asked questions

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