Some strategies that can help you earn more rewards and miles

For most people, earning reward points on their new credit card is the most important thing. Maximizing the rewards actually means a lot to such people. Well, if you get to know about certain strategies and tips about earning more miles and points, won’t it be awesome? Let us talk more about maximizing your rewards on the credit card that you use.

To avail signup bonuses you must hit the required spending

A signup bonus is nothing but a set of additional points, cash or miles which you receive only after spending a particular amount using your credit card within a specific time frame. Every credit card does not have sign up bonuses. However, the competitive rewards card offered by different banks do have sign up bonuses associated with them. It is an obvious fact that if you do not spend a particular amount you will not be receiving the sign up bonus. In such a case, it does not even matter how big or beneficial the sign up bonus actually is.

It is definitely a good idea to apply for a credit card that has sign up bonuses associated with it. The minimum that is required to avail the bonus should not be a very difficult number for you. You must ensure that you do not go into a debt in order to meet the minimum spend for the sign up bonus. Let us say, if you must spend SGD 3000 in 3 months for availing the sign up bonus, but all you can charge your credit card with is an amount of SGD 500 every month, then the bonus will be negated partially by the finance charges. You must avoid carrying any debt on your credit card, until and unless the circumstance is absolutely unavoidable. The best idea is to go for a credit card with a minimum spend that suits you and your budget.

In case your card offers any additional bonus then add an authorized user

Some of the credit cards offered by the banks do offer sign up bonuses if you add an authorized user within a particular time frame. However, the authorized user that you add must make purchases during that stipulated time frame. In case your new credit card offers this, then adding a user can be a great plan to earn those extra points that you are looking for. Go ahead and add a college aged child or a partner and enhance the benefits for yourself!

But before you can do any of this, it is of great importance that you actually understand what an authorized user truly is. This person who you add to the credit card will be able to use the credit as well as the benefits, but is not legally liable to make any payments for the credit card. If you feel like removing an authorised user from your credit card you may do that anytime. However, talk to you card issuer once about any effect on your bonus, before you remove the user.

When you are shopping online, use bonus mall

Bonus mall is basically a shopping portal which lets you avail great rewards and discounts on all the purchases that you make online. In order to use it, you have to go to the bonus mall of the issuer and select the particular retailer of your choice before you buy anything from there. After this, make the payments using your credit card to reap those additional rewards.

If applicable, opt into the category for bonus rewards

In case the credit card that you use has reward categories, all you have to do is opt in quarterly in order to avail the advantages. Otherwise, you will keep receiving the standard rewards that are typically lower.


Make use of your credit card for all the things that do not require a fee

In order to earn rewards, several expenditures can be added on the credit card that you use and then paid off before the last date of the repayment. Add things like groceries, gas, entertainment spending, travel expenses, utilities and subscriptions on the credit card that you use. But ensure that you pay these off every month.

Other expenditures like quarterly tax payments or rent, may trigger a particular fee if you pay them using your credit card. Avoid that extra fee by paying these with a bank draft or cheque. This is a significant saving and is definitely more than any reward that you can win.

Couple up the credit cards

Some of the credit cards work better together when you are thinking of maximizing the reward points. For example, if you have two credit cards, Chase Sapphire Preferred Cards and Chase Freedom, you can actually use the combination of the two cards to enjoy the maximum benefits. Enjoy five percent bonus categories and also the Chase Ultimate Rewards website in order to redeem rewards that maximizes your points. Use the Chase Freedom for all the purchases that are with 5 percent rewards. And then you can transfer the points to the Chase Sapphire Preferred Card that you have in order to redeem the points on travel when you use the website of Chase Ultimate Rewards.

Conclusion – Credit cards can be prove to be extremely beneficial to use when you know how to use one in the right way. Making the late payments or skipping payments if not advisable if you wish to maintain a good credit score. You can also apply for a personal loan using your credit card. However, the personal loan will depend on the credit limit that you currently have and the repayment history. Some of the banks providing the best credit cards in Singapore are OCBC bank, DBS Bank, UOB Bank, Bank of China, Citibank, Standard Chartered, ICICI, POSB, etc. The credit cards are designed in a way to offer innovative and customisable solutions to you. The different credit cards are unique and meant for different spending habits. Choose the credit card that completely suits your purposes. Maintain a healthy usage and keep a score which will only increase your creditworthiness. Before you choose a credit card for yourself, make sure that you indulge yourself in both quantitative and qualitative research and then select the one that you need.


POSB Credit Card – One for All and All for One

Unlike other banks in Singapore, POSB offers only 1 Credit Card product. While you might think that the bank is at a disadvantage for not providing its customers with more choices, you might not need them when a single card offers widespread rebates and discounts across most categories! POSB in fact has been smart about what its Credit Card offers its takers and here is why – more often than not when we are presented with numerous choices, we get confused because we like one or more features from multiple cards. But here in front of us we have a single card with features from a plethora of categories minimizing our anxiety over picking the right one.

At One Glance:

Just taking a glance at what POSB Everyday Credit Card has to offer is tempting enough. You can receive cash rebates up to 9% on your everyday essentials and dining adventures across Singapore. The everyday essentials partner merchants of the bank cover some of the most popular establishments on the island including:

  • SPC
  • Sheng Siong
  • StarHub
  • SP Services
  • Watsons and many more

What’s a one for all card?

Well, you can use the POSB Everyday Card as a Credit Card, an ATM Card or an EZ Link Card! Yes, you heard it right. As a POSB Credit Card, it offers the MasterCard contactless payment feature wherein you simply have to tap and go for your purchases without the requirement of a signature. You can make payments of up to S$100 for each transaction at more than 30,000 establishments in Singapore that accept this type of payment.

You can link your POSB Card to your Savings Account and use it as an ATM Card. Furthermore, you can top up this card and use it as your EZ Link Card as well.

What’s inside the package?

This POSB Credit Card is full of surprises and benefits!

  • You can save up to 20% on your petrol purchases at SPC.
  • You can earn cash rebates of up to 5% when you purchase groceries at Sheng Siong.
  • If Watson’s is your go to for all your healthcare and beauty needs, use your POSB Credit Card and receive 3% cash rebate.
  • Pay your recurring utility bills at SP Services, your mobile bills at StarHub, broadband bills, digital cable or even purchases in stores and receive 1% cash rebate.
  • You will receive 0.3% cash rebate on all your other spends.

Is redeeming rebates a complicated process?

Absolutely not! A lot of us lazy souls don’t want to go through the complicated process involved in redeeming our points, sifting through catalogues and just let our points expire. If you fall under this category too, then this card is perfect for you because it offers instant redemption of rebates at more than 400 partner establishments across the island! Some of the popular merchants include:

  • Pet Lovers Centre
  • Popular/Harris/ Urbanwrite/ Prologue
  • SPC
  • SP Services
  • StarHub
  • Watsons

Another way to redeem your DAILY$ rebates is via Online Banking through iBanking where you have the option to use your rebates to offset your future credit card bills OR even redeem taxi vouchers at CityCab taxi and Comfort taxi. This will definitely help you make full use of your rebates.

How does this card make life easier?

With the POSB Everyday Credit Card you will never miss a payment on your recurring essential bills. By using this card, you can consolidate all your bills into this single account and make a onetime bill payment every month. Additionally, you will continue to earn cash rebates when you pay your bills using your credit card.

How does this card benefit shopaholics?

If you are a shopaholic and spend a lot on your retail purchases, try My Preferred Payment Plan offered on your POSB Everyday Card where you can combine and convert your retail purchases into repayments of 3 months, 6 months, 12 months, 24 months or 36 months. What’s even more fantastic is that you can avail this plan at 0% interest and a very minimal processing fee.

Who can apply for the POSB Everyday Card?

This card makes life extremely convenient with minimum criteria imposed on eligibility. Anyone who is at least 21 years old can apply for this card. If you are a Singaporean or a Permanent Resident, you must earn a minimum of S$30,000 and above per annum. If you a foreigner, you must earn a minimum of S$45,000 and above per annum. The principal card costs S$128.40 and the supplementary card costs S$64.20. You will enjoy a fee waiver of 1 year when you apply for this card.

Anything else I need to know to make up my mind and apply for this card?

Apply for this card online by September 30, 2016 and receive Gift Vouchers worth S$100 from Takashimaya.

5 Things to Know About Credit Card Payments via Instalments

There are a lot of things in life that we desire but can’t have even with a credit card. The price tags of our desires are ready to slap us in the face and bring us back to reality. This is because desirable things aren’t exactly reasonably priced, otherwise they wouldn’t be desirable in the first place. Using a credit card to fulfill our dream purchases isn’t exactly a solution either and why is that, you wonder. This is because, credit cards are borrowed money that charge one of the highest interest rates that are more likely to bankrupt us than help fulfill our dreams if we splurge on them. But do you know everything your credit card has to offer you that you can spin in your favor?

Here are things you must know about instalment payments and what they can do for your credit card dues –

The concept called EMIs or Equated Monthly Instalments
Whether you want to treat yourself with a luxury handbag, electronics, clothes or simply spread your purchases into smaller instalments, you can now do so with different leading banks offering EMI options that can help convert your bills into instalments and reduce your burden of making heavy payments on your credit card bills. SmartPay by UOB, PayLite by OCBC, Citibank Equal Payment Plan, HSBC’s Card Balance Conversion Plan, FlexiPay, EzyPay by Maybank etc. are some examples of how you can use the EMI option on your credit card to reduce your monthly payments.

What purchases you can convert into the EMI option
Many banks have a minimum purchase requirement to convert your purchases into EMIs. Usually, the minimum amount required is SGD 500 that many banks in Singapore offer their EMI options for including OCBC’s PayLite, HSBC’s Card Balance Conversion Plan, UOB’s SmartPay and Maybank’s EzyPay. However, Maybank offers its FlexiPay option for a minimum purchase of SGD 300.

EMI options are available with Interest Free Instalments
Yes, major banks in Singapore offer their EMI plans charging 0% interest. However, note that though no interest may be charged, you may be subjected to a low processing fee when you opt for this plan. UOB’s SmartPay, Maybank’s EzyPay, OCBC’s PayLite and Citibank Equal Payment Plan all provide financial flexibility with 0% interest per annum instalment plans. There are also other banks that provide similar EMI options, call your credit card issuer today and find out about their EMI plans.

Credit Card Instalment Tenures to convert your credit card dues to EMIs
Usually, banks offer instalment tenures of 3 months, 6 months and 12 months to pay your credit card dues using the EMI plans. UOB’s SmartPay, HSBC’s Card Balance Conversion Plan and OCBC’s PayLite provide the 3, 6 and 12 month tenures. Citibank’s Equal Payment Plan provides up to 24 months to pay your credit card dues. Maybank’s FlexiPay offers instalment tenures of 6 months, 12 months and 24 months with low interest and EzyPay with 6 months, 12 months, 18 months, 24 months and 36 months, all interest free.

When to convert your credit card dues into EMIs
Different banks have different date stamps as to when you can convert your purchases or credit card dues into their EMI options. Maybank’s FlexiPay and UOB’s SmartPay require you to convert your applicable credit card purchases within 10 days from the date your credit card statement was issued. HSBC’s Card Balance Conversion Plan allows applications within 14 days from the statement date or 30 days from the transaction posted date, whichever is earlier. OCBC’s PayLite allows for conversion of purchase into EMIs at least 7 working days from the payment due date of your billing statement to convert your purchases into EMIs.

So there you have it! Don’t let your dreams stay dreams on account of your ignorance. Credit Card purchases do not necessarily have to be a nightmare if you use them wisely and converting your flamboyant purchases into available EMI option is a way to use your credit card wisely and responsibly and at the same time, fulfilling your desires whilst maintaining financial stability.

Best 4 Credit Cards in Singapore

Singaporeans love their credit cards and they use them for all kinds of transactions starting from purchasing groceries to wedding rings. The city is one of the most important financial hubs in the world because of which almost all the leading banks and financial institutions in the world operate in the city. There are many credit card issuers in Singapore and they offer a range of cards that come with dining, shopping, travel and other benefits. Given that there are too many options to choose from, selecting the ideal card can be a daunting task and so you can read about the best credit cards in Singapore and then select a card that suits your needs the most.


1. POSB Everyday Card – If you are looking for a card that will offer you with the best discounts and deals for your day to day purchases, this is the card that you should opt for. You will enjoy a lot of savings as with each transaction, you will get access to discounts and other benefits. The best part about this card is that you will not have to pay a huge amount of money as an annual fee for the card. Even if you do not have a very high annual income, you could still be eligible for this card. The card also offers very attractive interest rates and is undoubtedly one of the best credit cards in Singapore.

2. OCBC FRANK Credit Card – This is one of the most popular cards in Singapore and is available at a low annual fee of under SGD 35. Even if you are not a citizen of Singapore, you can apply for this card as long you are a permanent resident of the city. This card will offer you with cash rebates at a very high rate for travel, dining, shopping and a range of other transactions. As an OCBC FRANK credit card holder, you will also enjoy a range of exclusive privileges and offers that are not available to other customers of the bank.

3. UOB Lady’s Card – As the name suggests, this is a card that has been designed especially for the ladies and comes with numerous features that are very beneficial to the ladies. If you are woman living in Singapore, you can opt for this card and get access to complimentary treatments from some of the best spas in Singapore. These spas include Body Contour, LifeSpa etc. and you can avail a range of treatments at these spas. If you are someone who likes to shop online, you will surely like this card as it offers special privileges for online shopping.

4. CIMB Visa Signature credit card – The Malaysia based CIMB Bank is one of the top card issuers in Singapore and offers a variety of card to choose from to the customers. The Visa Signature card has been designed to offer the customers with cash rebates at a very high rate. In fact, you can earn cash rebates on all kinds of transactions and will be able to save money in the process. The rebate is a type of discount that is applied to the transaction amount when you use your card for different types of purchases. Thus, you can save a lot of money through cash rebates offered with this credit card from CIMB Bank in Singapore.

Rewards or Rebates? Choose No More – Enjoy Both with HSBC Advance Visa Platinum

You no longer need to decide what you would prefer in a credit card any longer, the HSBC Advance Visa Platinum card offers both rewards as well as cash rebates on your purchases. You can earn high reward points when on your restaurant dining, online shopping, travel and many more and side by side, earn cash rebates on your daily expenditures such as grocery and petrol.

As a welcome gift, this card offers you SGD 500 worth gift voucher from EpiCentre if you charge your new HSBC Advance Visa Platinum card with a minimum of SGD 1500 in the first month. You will earn 1 point for every SGD 1 that you spend on this card and the validity of the points are for 3 years within which you can redeem them at the HSBC online rewards catalogue carrying a myriad selection of gifts.
For every SGD 1 that you spend on your restaurant purchases that includes online and phone orders, you will earn 10X Rewards. You will also earn 10X Rewards when you make purchases using your card at clubs, pubs, bars and family ktvs at all locations where the venue is not inside a hotel.

For every SGD 800 that you spend each month during a calendar quarter, you will earn 2% cashback when you spend at local restaurants not located inside hotels. If you spend below SGD 800 but above SGD 400, you will earn a 1% cashback.
If you spend a minimum of SGD 800 each month of the quarter at any local grocery store, you will earn 5% cashback. If you spend between SGD 400 and SGD 799, you will earn a 3% cashback. The card also helps you get an instant 14% discount at all Caltex stations in Singapore and on their website when you use your HSBC Advance Visa Platinum card to make the payment. Additionally, you will earn a 5% rebate if you spend a minimum of SGD 800 for each month of the quarter and 3% rebate if you spend a minimum of SGD 400.

Apart from the rebates and the cashback that you earn using this card, you are also entitled to a complimentary travel insurance worth up to SGD 300, 000 that will not only cover your personal travel insurance but also your spouse and your children. All you need to do to avail this offer is to charge the cost of the entire travel to your HSBC Advance Visa Platinum card.

If you are unable to manage the outstanding balances on other credit cards, you can arrange for a balance transfer to your HSBC Advance Visa Platinum card at very low interest rates. Your card also comes with the Visa PayWave that allows you to make quick purchases and very conveniently. You can also make use of the 0% installment plan that allows you to make large investments and divide the cost into flexible installment tenures of 6/12/18/24 months at 0% interest.

The few drawbacks of the card include the cap on the rebates that you can earn – SGD 60 for 1% and SGD 120 for 2% rebates. Even the quarterly caps are SGD 120 for 5% rebate and SGD 60 for 3% rebate. The other downer is that to avail these attractive offers, you need to maintain an advance relationship with HSBC bank maintaining SGD 30,000 in deposits. However, overall, this card is excellent in earning both, rebates as well as cashback on purchases that you would make anyway in your day to day life.

Safety Tips for Credit Card Users

Credit cards are one among the popular products in the world today. A lot of people use their credit cards to make payments online and at restaurants, stores and other places. These cards are always present to help you whenever you are in need of some extra cash. Besides providing extra cash, these cards also come with a lot of benefits and banks and financial institutions always have attractive offers for their credit card users.

With so many people using this product today, there has been an increase in fraudulent activities and there are certain precautions which one can take in order to avoid becoming a victim of credit card fraud.

A few credit card safety tips that you can follow are mentioned below –
In case you get an email which asks you to provide the details of your credit card, please avoid it. Do not give the details even if it seems like an official mail generated by your bank.

Ensure that you are not charged more than once, when you make a payment using your credit card at any merchant store.

Try and avoid any credit card schemes which is not provided to you by your bank.

Never enter your credit card details or the number in an unsecured website online. You should check the URL of the website and see if it contains ‘https’ in it. Apart from this, see if the website has got any certifications from trusted companies and also look for the secure lock sign which will be displayed on your browser.

Sign on the backside of your credit card as soon as you receive it. In case you lose your card and it does not contain your sign, then any stranger who finds your card may sign it and use it by impersonating you.

Credit card companies can get information about you like your name and contact details from different sources, which they can use to reach to you or send application forms. It is a good idea to ignore them.

When you take a credit card, you have to choose a PIN. You should not write this PIN on your card or on a paper and keep it in your wallet along with your card. In case your card gets lost and found by a stranger, then if the PIN is present with the card he or she will be able to withdraw money from it.

Try to not keep your card in your purse or wallet.

If you get a call from a person who claims to belong to your bank and asks you for your credit card details, ignore them and do not give any details. If required, call your back again yourself and provide the details.

Ensure that you trust a merchant before you decide to provide your credit card details to them over the phone. Check if they are reputed, have a license and have a website online, which contains details of their physical location.

You should always keep your credit card statements safe and properly organized. Shred these statements when you do not need them.

Make sure you inform your back immediately if there is any change in your address.

You must always check your credit card statement properly as soon as you receive it and ensure that there are no mistakes.

You must always store your bank information, credit name, phone number and other details in a safe place. In case you lose your card, you must inform your bank about it immediately.

You should never carry a lot of credit cards everywhere along with you and keep only the cards you really need with you.

When you are shopping online, try and pay using your credit card and not your debit card as it is easy to identify fraudulent charges on your credit card. It is very difficult to do the same on your debit card.

If you find any mistakes in your card statement, inform your bank about it. You must inform within sixty days from the date of issue of the statement.

Prevention is always better than cure. If you follow the above tips, you will be able to keep your credit card safe. One should not use their credit cards carelessly. Credit cards have a limit on the amount of extra funds you can withdraw and crossing this limit will incur additional charges. Also, you should always pay your credit card bills on time as it helps you in increasing your credit score.

Being a Foodie in Singapore is No Longer Expensive with The American Express Platinum Credit Card

SGD 321 might seem pretty steep for a credit card but what if the rewards itself can be tempting enough to make you realize the real worth of the American Express Platinum Credit Card? When you apply for this card, it offers you a choice of two welcome gifts – You can opt for a 1 year fee waiver + Samsonite Armet Spinner 57cm expandable luggage ( you will get the luggage when you make purchases on the card for SGD 7500 within the initial 6 months after card issuance OR you can pay the full fee and avail gifts that include a Samsung Galaxy Tab A Wi-Fi that comes with an 8.0” S Pen and a Samsung 16GB microSD card and an 9,500mAh Battery Pack. Additionally, if you spend a minimum of SGD 7500 within the first 6 months of card issuance, you will get a UMI VAPOR luggage. Finally, you will get a chance to win a SGD 50 voucher at dine at the award winning Din Tai Fung restaurant.

American Express Platinum Credit Card

You can enjoy the platinum dining experience using your American Express Platinum Credit Card with up to 50% savings at over 60 restaurants all across Singapore. The card gives you an option of 4 different programs to choose from. Let’s delve into each of them –

Palate offers you up to 50% discount when you dine with 1 friend, when you dine with 2 friends you get a discount of 35% and when you dine with 3 friends, you get a discount of 25%. Even dining alone is rewarded with a 15% discount. You can choose from over 50 restaurants that includes hotspots such as Victoria Bar at InterContinental Singapore, The Royal Mail and TungLok Teahouse to name a few.

On choosing the fee waiver as a welcome offer, you automatically receive a complimentary membership to the Far Card program. A membership that will otherwise set you back SGD 425, gives you discounts at restaurants that are situated inside hotels such as Swissôtel The Stamford, Swissôtel Merchant Court, Fairmont Singapore and many more. This membership will also entitle you to special discounts at hotel accommodations and spas.

American Express Selects offers you special deals when you shop, travel and for dining at restaurants such as 1-for-1 buffet at The Square and at Tiffany and 10% off at other famous restaurants.

The American Express Global Dining Program allows you special privileges and offers whether you dine locally or overseas in more than 30 countries.

For every SGD 1.60 that you spend on your card, you will get 2 points that is 1 point for every 80 cents spent! Additionally, you will earn 10 Points for every SGD 1.60 that you spend at Platinum EXTRA Partners. The partners are constantly changing and expanding so you have an array of options to choose from. Your points will never expire and you can redeem them for any experience such as dining, travel etc. choosing from more than 200 rewards in the Amex membership rewards catalogue. The card also comes with Travel accident insurance and Fraud Protection so both, you and your card are completely secure. It also comes with Platinum Golfing privileges and complimentary green fees at over 40 clubs within and outside Singapore.

Ultimately, you get your money’s worth with this card for an array of categories that compliment your superior lifestyle.