Most people in Singapore spend a significant amount of money on fuel, shopping, travelling, retail shopping, and dining out. You may be in search of a suitable credit card SG with cash rebates and cashback to make the most of these expenses.
These cards are designed to meet your lifestyle by helping you earn points on every Singapore dollar you spend, earn rewards on every mile you travel, get cashback on eco-friendly products or dining, enjoy an annual fee waiver for one year, earn voucher rebates, or have the option to split the purchases into instalments for six months or more at a low or no fee.
A big step is submitting a credit card application. If you are a new applicant for a credit card in Singapore, be ready to adjust your way of living. You may be hesitant to apply for a credit card due to various things like your spending habits, the risk of financial burden, and meeting eligibility requirements, which go along with having one. Nevertheless, don’t worry, you will be relieved to learn that having a credit card has several advantages.
With various credit cards available, you can choose the one that best fits your lifestyle based on how you spend your money.
Some Benefits of Having a Suitable Credit Card in Singapore
People in Singapore usually spend on travel, shopping, groceries, telecommunication, utilities, and dining out. With an appropriate credit card, you can pay for these and maximise your earnings. However, choosing a credit card mostly depends on your spending habits. You will come acrosscredit cards offering rewards, miles, cashback, rebates, and pay-later plans. Some prime benefits of getting a credit card in Singapore are:
- Savings on fuel: You can avail yourself of up to 21.6 percent savings on fuel filled at Esso with DBS Esso Card. It includes an instant fuel account of 18 percent and additional savings of 3.4 percent awarded by Esso on the fuel spend by the card member at its service stations. Further, you can also enjoy 2.4 per cent on extra Smiles savings up to 2.4 percent.
- Sign-Up Promotions: Numerous banks provide bonuses and sign-up promotions for credit cards. Typically, incentives take the shape of free money, gift cards to a specific retailer’s stores, extra miles, direct cash rebates, or pricey gifts, like travel bags. Generally, credit card sign-up promotions are subject to some terms and conditions, such as the need to spend a certain amount of money within a certain time frame.
- Cash Rebates and Rewards: Having the right credit card can help you get the most out of your spending. Cashback, air miles, and reward points are the three main reward categories that credit cards often give. Further, you may also become eligible for incentives like discounts or free dining when you use a particular credit card due to the agreements banks enter into with businesses for promoting the card.
You can find credit cards that give you cashback on anything you buy online. For instance, DBS Live Fresh Card gives cashback of up to 5 percent for shopping online and an extra 5 percent for spending on selected transport services, eateries, and retailers. Being an eco-friendly card made of over 85 percent recycled plastic, it extends its cashback offer to another 0.3 percent for other spends.
Some credit cards offer miles on the money you spend on retail shopping. It may help you get free flights to nearby destinations. For instance, DBS Altitude Card enables you to earn as many as 10 miles for every Singapore dollar you spend on your travel. For retail shopping, you can earn 2 miles for every Singapore dollar you spend.
When you pay your yearly fee, you will also get 10,000 bonus miles and a complimentary membership of Digital Priority Pass, entitling you to two free trips to airport lounges. You may switch between earning miles and cash back on some credit cards, like the DBS Vantage Card.
If you spend significantly high amounts on your necessities, the right credit card SG will be your ideal choice, for it can help you earn considerable rewards like cashback, rebates, and miles.
