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
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 800 new customers only.
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
Apply today and enjoy up to 3,000 KrisFlyer miles if you charge at least S$1,500 to your credit card in the first month.
UOB PRVI Miles American Express Card
2.4 air miles for every S$1 spent overseas including online shopping on overseas websites.
Get S$150 cash credit if you spend a minimum of S$1,500 within 30 days. First 400 new customers only.
S$0 annual fee for the first 1 year and S$256.80 thereafter
S$30,000
Apply today and enjoy free transfers to Changi Airport. Plus, 20,000 bonus air miles if you charge S$50,000 to your card in a year.
UOB One Card
Up to 10% cashback on Grab and UOB Travel transactions; 6% for your Singapore Power bill; and 5% back on all other spending
Get S$150 cash credit when you apply. Minimum S$1,500 spend within 30 days. First 400 eligible applicants only.
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
Apply today and get up to S$150 in bonus cash credits. T&Cs apply.
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 400 eligible applicants only.
S$0 annual fee for the first 1 year and S$256.80 thereafter
S$30,000
Apply today and enjoy up to S$150 in cash credits. Plus, free travel cover.
UOB Yolo Card
Wide range of discounts. Plus, complimentary travel insurance
Enjoy up to 8% cashback on dining, travel, shopping and entertainment. Plus, a further 3% cashback in selected categories
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
Apply today and get up to S$230 in bonus cash credits. T&Cs apply.
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American Express True Cashback Card

American Express True Cashback Card

Receive S$150 Cashback when you apply and spend S$5,000

Offer ends after your first six months

Eligibility criteria, terms and conditions, fees and charges apply

American Express True Cashback Card

Apply today and enjoy 1.5% cashback on eligible purchases with no minimum spend and no earn cap.

  • Principal Annual Fee: S$0 annual fee for 1 year - S$171.20 thereafter.
  • Cashback Rate: 1.5%
  • Annual Interest Rate: 25.9%
  • Minimum Income (Singaporean & PR): S$30,000
  • Minimum Income (Non-Singaporean): S$60,000
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Promoted
Name Product Reward Cashback Offer Annual Fee Min Income - Singaporean and PR
American Express True Cashback Card
Enjoy free travel insurance benefits of up to S$350,000
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
S$30,000
Apply today and get a 3% Cashback bonus when you spend S$5,000 in the first six months.
American Express Singapore Airlines KrisFlyer Credit Card
Enjoy money-saving offers on Hertz, Grab and at restaurants in Singapore and overseas
S$150 cashback for use at singaporeair.com when you spend a minimum of S$12,000 untill 30 June 2021
S$0 annual fee for the first 1 year and S$176.55 thereafter
S$30,000
Earn 8,000 bonus KrisFlyer miles when you spend S$5,000 in the first 3 months of card membership. Ends 30 September 2020.
American Express Platinum Credit Card
Up to 50% off your food bill for unlimited visits at hotels around Singapore
N/A
S$321 annual fee
S$80,000
Get up to 77,000 Membership Rewards points with minimum spend in your first 6 months and when you successfully refer a friend. T&Cs apply.
American Express Singapore Airlines KrisFlyer Ascend Credit Card
Complimentary stay at a Hilton hotel in Asia Pacific each year. Plus, enjoy four airport lounge passes
N/A
S$337.05 annual fee
S$50,000
Earn 16,000 KrisFlyer miles if you spend at least S$10,000 within the first three months. Ends 30 September 2020.
American Express CapitaCard
Earn 3X STAR$ when you shop at participating CapitaLand malls, and more
Get a referral bonus of S$50 worth of CapitaVouchers when you refer a friend.
S$0 annual fee for the first 1 year and S$171.20 thereafter
S$30,000
Receive an American Tourister Hypebeat 79/29 Spinner luggage (worth S$239) upon S$3,000 minimum spend within the first 3 months of card approval. Ends 30 September 2020.
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HSBC Revolution Credit Card

HSBC Revolution Credit Card

Receive S$150 cash back or a Samsonite Prestige 69cm Spinner Exp (worth SS670) luggage

Offer ends 31 Aug 2020

Eligibility criteria, terms and conditions, fees and charges apply.

HSBC Revolution Credit Card

  • Principal Annual Fee: S$0 annual fee for 2 years - S$160.50 thereafter.
  • Cashback Rate: 0%
  • Annual Interest Rate: 25.9%
  • Minimum Income (Singaporean & PR): S$30,000
  • Minimum Income (Non-Singaporean): S$40,000
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Promoted
Name Product Reward Cashback Offer Annual Fee Min Income - Singaporean and PR
HSBC Visa Platinum Credit Card
Earn 1 Reward point for every $1 on all spend.
Up to S$150 cash back when you spend
S$800 within the qualifying spend period. Ends 31 Aug 2020

S$0 annual fee for the first 2 years and S$192.60 thereafter
S$30,000
New cardholders will be awarded with a Samsonite Prestige 69cm Spinner Exp with built-in scale (worth SS670) or S$150 cashback with minimum spend of S$800 within the qualifying spend period. Receive an additional S$30 worth of grab rides when you apply online with MyInfo via SingPass. T&Cs apply. Ends 31 Aug 2020.
HSBC Revolution Credit Card
Up to 5X Rewards points (2 miles per S$1 spent) on qualifying purchases
S$150 cashback when you make S$800 within the qualifying spend period. Ends 31 Aug 2020
S$0 annual fee for the first 2 years and S$160.50 thereafter
S$30,000
New cardholders will be awarded with a Samsonite Prestige 69cm Spinner Exp with built-in scale (worth SS670) or S$150 cashback with minimum spend of S$800 within the qualifying spend period. Receive an additional S$30 worth of grab rides when you apply online with MyInfo via SingPass. T&Cs apply. Ends 31 Aug 2020.
HSBC Advance Credit Card
Enjoy annual fee waivers, up to 20.2% off your fuel, 1-for-1 lifestyle offers, and more
Enjoy up to 3.5% cashback on all purchases with no minimum spend
S$0 annual fee for the first 1 year (permanently waived for HSBC Advance banking customers) and S$192.60 thereafter
S$30,000
New cardholders will be awarded with a Samsonite Prestige 69cm Spinner Exp with built-in scale (worth SS670) or S$150 cashback with minimum spend of S$800 within the qualifying spend period. Receive an additional S$30 worth of grab rides when you apply online with MyInfo via SingPass. T&Cs apply. Ends 31 Aug 2020.
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Name Product Reward Cashback Offer Annual Fee Min Income - Singaporean and PR
Citi Cash Back Card
Get up to 20.88% off fuel. Plus, travel offers in 95 countries
8% cash back on dining, groceries and petrol transactions
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
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.
Citibank SMRT Card
Up to 5% savings on groceries, fast food, movies, and coffee. Plus, 3% savings on online shopping
Redeem S$10 cash back for shopping vouchers with every 10 SMRT$ earned
S$0 annual fee for the first 2 years and S$192.60 thereafter
S$30,000
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.
Citi Rewards Credit Card
10X Rewards on online and retail purchases at Lazada, Qoo10, TANGS and more.
Up to 10% cash back at selected merchants
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
Get 30,000 Citi Thank You points when you spend S$3,000 in the first 3 months. T&Cs apply. 30 September 2020
Citi PremierMiles Card
Earn 2 Citi Miles for every S$1 overseas spend and 1.2 Citi Miles for every S$1 local spend.
Up to 10% cash back at selected merchants
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
Get 37,300 miles when you spend S$9,000 in the first 3 months. Annual fee applies. 30 September 2020.
Citi Prestige Card
Deals and discounts in more than 90 countries. Also, get six complimentary golf games across Asia
Up to 20% cashback at selected merchants
S$535 annual fee
S$120,000
Get a welcome gift of 62,500 Citi ThankYou Points (25,000 Miles) or Gadget Welcome Gift. T&Cs apply. Ends 30 September 2020.
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Name Product Reward Cashback Offer Annual Fee Min Income - Singaporean and PR
DBS Woman's Card
Up to 5X DBS Points (or 10 miles) per S$5 spent on online and overseas purchases
Get AirPods or S$200 Cashback when you apply now!
S$0 annual fee for the first 1 year and S$160.50 thereafter
S$30,000
Get AirPods or S$200 cashback when you sign up by 31 July 2020.
DBS Live Fresh Student Card
Get AirPods with charging case (worth S$239) or S$40 worth of foodpanda vouchers when you sign up by 30 September 2020 and meet the minimum spend requirement.
5% cashback on McDonald’s, McDelivery, Starbucks, Golden Village and your favourite music, movies & TV series streaming services.
S$0 annual fee for the first 5 years and S$192.60 thereafter
N/A
Get AirPods with charging case (worth S$239) or S$40 worth of foodpanda vouchers when you sign up by 30 September 2020.
DBS Live Fresh Card
Up to 5% cashback on online and contactless spend (including SimplyGo rides)
Get AirPods or S$200 Cashback when you apply now!
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
Get AirPods or S$200 cashback when you sign up by 31 July 2020.
DBS Altitude Card
Earn up to 4 miles per S$1 spend, with no expiry
Get 38,000 miles or AirPods when you apply by 31 July 2020.
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
Get up to 38,000 miles or AirPods when you sign up by 31 July 2020.
Get fee waiver for the first year and up to S$192.60 thereafter, with 10,000 bonus miles.
POSB Everyday Card
Enjoy up to 8% cash rebates on daily essentials such as groceries and online food delivery
Get AirPods or S$200 Cashback when you apply now!
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
Get AirPods or S$200 cashback when you sign up by 31 July 2020.
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Name Product Reward Cashback Offer Annual Fee Min Income - Singaporean and PR
Maybank Business Platinum Mastercard
Get your business logo printed on your card. Plus, enjoy a global concierge service
Get up to S$50 cash credits to offset your credit card payments
S$0 annual fee for the first 2 years and S$180 thereafter
N/A
Get up to S$1 million in Travel Accident Insurance when you purchase flights or travel packages using your card.
Maybank eVibes Card - The Student Card
Up to 8% off accommodation bookings globally with Agoda.
1% cash rebate on all spend
S$0 annual fee for the first 2 years and S$20 thereafter
N/A
Get an Adidas wristwatch worth S$120 when you use your card in the first month. First 500 successful applicants only.
Maybank Platinum Visa Card
Get complimentary travel cover of up to S$500,000
Up to 3.33% cash rebates on local spending - up to a monthly limit of S$100
S$0 annual fee for the first 3 years and S$80 thereafter
S$30,000
Get S$100 cash credit when you apply, charge to your card and withdraw from your CreditAble account with a minimum of S$250 for each of the first two months upon approval. T&Cs apply. Ends 31 Aug 2020.
Maybank Family & Friends Credit Card
Earn up to 8% cash rebates all-year round in grocery stores, supermarkets and online grocery shopping.
Up to 8% cashback with minimum spend of S$800 per month
S$0 annual fee for the first 3 years and S$180 thereafter
S$30,000
Get S$100 cash credit when you apply, charge to your card and withdraw from your CreditAble account with a minimum of S$250 for each of the first two months upon approval. T&Cs apply. Ends 31 Aug 2020.
Maybank Manchester United Platinum Visa Card
Chance to win a trip for 2 to watch Manchester United FC every season
1% cash rebate and 1X TREATS Points for every dollar spend.
S$0 annual fee for the first 2 years and S$80 thereafter
S$30,000
Get S$100 cash credit when you apply, charge to your card and withdraw from your CreditAble account with a minimum of S$250 for each of the first two months upon approval. T&Cs apply. Ends 31 Aug 2020.
Maybank DUO Platinum Mastercard
Car servicing vouchers, vehicle merchandise and more
5% cash rebate on petrol transactions in Singapore and Malaysia
S$120 annual fee
S$30,000
Get S$100 cash credit when you apply, charge to your card and withdraw from your CreditAble account with a minimum of S$250 for each of the first two months upon approval. T&Cs apply. Ends 31 Aug 2020.
Maybank FC Barcelona Visa Signature Card
Chance to win a trip for 2 to watch FC Barcelona every season
1.6% cash rebate on all spend locally. No minimum spend or cap
S$120 annual fee
S$30,000
Get S$100 cash credit when you apply, charge to your card and withdraw from your CreditAble account with a minimum of S$250 for each of the first two months upon approval. T&Cs apply. Ends 31 Aug 2020.
Maybank Horizon Visa Signature Card
Complimentary access to selected VIP airport lounges. Plus, travel cover of up to S$1,000,000. Ts&Cs apply
Earn up to 3.2 Air Miles (8X TREATS Points) per dollar spent in Singaporean restaurants, petrol stations, public transport charges and Agoda hotel bookings.
S$0 annual fee for the first 3 years and S$180 thereafter
S$30,000
Get S$100 cash credit when you apply, charge to your card and withdraw from your CreditAble account with a minimum of S$250 for each of the first two months upon approval. T&Cs apply. Ends 31 Aug 2020.
Maybank World Mastercard
A range of dining, shopping and travel deals - including up to S$1,000,000 of travel insurance
10X TREATS Points (4 air miles) on every S$1 spent at selected merchants
S$0 annual fee for the first 1 year and S$240 thereafter
S$80,000
Get S$100 cash credit when you apply, charge to your card and withdraw from your CreditAble account with a minimum of S$250 for each of the first two months upon approval. T&Cs apply. Ends 31 Aug 2020.
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Name Product Reward Cashback Offer Annual Fee Min Income - Singaporean and PR
Standard Chartered Unlimited Cashback Credit Card
Shopping, travel and lifestyle offers at over 3,000 outlets in Asia
Earn 1.5% cashback on all of your credit card spend with no minimum spend. Additionally, get 1% cashback on your approved Funds Transfer Amount.

S$0 annual fee for the first 2 years and S$192.60 thereafter
S$30,000
Apply today via MyInfo and receive up to S$100 cashback. Ends 30 September 2020.
Standard Chartered Rewards+ Credit Card
Up to 10X rewards points for every S$1 spent in foreign currency on
overseas retail, dining and travel
Apply today via MyInfo and receive up to S$100 cashback. Ends 30 September 2020.
S$0 annual fee for the first 2 years and S$192.60 thereafter
S$30,000
Apply today and enjoy a range of perks including 1-for-1 movie tickets with Cathay Cineplexes. Plus, complimentary travel medical insurance.
Standard Chartered Spree Credit Card
Up to 24.2% petrol savings at Caltex stations.
Get up to 3% cashback on all online spend in foreign currency and all vPost spend.
S$0 annual fee for the first 2 years and S$192.60 thereafter
S$30,000
Enjoy up to 3% cashback on all online spend in foreign currency and all vPost spend. Plus, up to 25% off on postal services and lots more.
Standard Chartered Visa Infinite X Credit Card
3 miles per $1 spent on foreign currency.
Get Cashback/Reward points/Bonus Interest on IRAS, Education, Insurance & Rental payment. T&Cs apply
S$695.50 annual fee
S$30,000
Apply today via MyInfo and receive S$20 cashback. Ends 31 July 2020.
Standard Chartered Priority Banking Visa Infinite Credit Card
Earn 2.5 points for every $1 spent on your credit card
Apply today and receive up to S$80 cashback. Ends 30 September 2020.
S$321 annual fee
S$30,000
Apply today and receive up to S$80 cashback. Ends 30 September 2020.
Standard Chartered Prudential Visa Signature Card
Up to 10x rewards points on foreign spend, with no minimum spend required
Apply today via MyInfo and receive up to S$100 cashback. Ends 30 September 2020.
S$0 annual fee for the first 2 years and S$192.60 thereafter
S$30,000
Apply today via MyInfo and receive up to S$100 cashback. Ends 30 September 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

  • 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.

Fees

  • 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

What’s the best credit card promotion for me?

That’s up to you to decide. The value of a credit card promotion depends on factors such as your financial situation and your spending habits. The best promotion for you may be a deal that simply adds to what is already a card that’s well suited to your lifestyle. Please note that the information on this page is general advice only and does not take into account your personal situation.

What if I apply for a credit card promotion and then decide I don’t like the card?

If you change your mind about a credit card promotion during the application process, you can cancel your application by calling the issuer. If you decide you don’t like a card after you have been approved and activated it, you can cancel it at any time, even if you have used the credit card offer. But be aware – you must repay your balance, along with any outstanding fees and charges, when you close a card.

What else should I be aware of when comparing credit card offers?

Given the wide range of credit card offers that are available in Singapore, it could be tempting to sign up to more than one card. However, this is a risky game to play for a number of reasons. Holding multiple cards exposes you to a greater risk of fraud. Additionally, any unused credit cards can hurt your credit score and, finally, more cards are harder to manage and it could be easier to miss a payment on your credit card bill.

According to data from Finder Singapore, 88% of Singaporeans manage to pay off their outstanding balances on time each month. If you’re able to clear your credit card balance in full, then you’ll typically find the pros of any cardholder perks you get will outweigh the costs attached to your plastic.

Are the offers listed on this page the current promotions available from the bank?

The banks provide us with credit card offer updates. We try to the best of our ability to keep the rates up to date – but if you’ve noticed a discrepancy, then please tell us by posting a query on the bottom of this page.

Pictures: Shutterstock

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