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.

best-4-credit-cards-in-singapore

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.

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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.

OCBC Car Loan Singapore Features & Benefits

A car is not just a necessity, it is also a symbol of luxury and can help you to commute safely, make a lifestyle statement and make sure that you do not have to invest your energy on traveling by public transport. If you are someone who does not own a car, you can always opt for a car loan and make sure that you are able to drive your dream car. These days, there are many banks and financial institutions in Singapore that offer car loans at very attractive interest rates. Besides, they also offer a higher loan amount to make sure that you can purchase the car that you like. OCBC is one of those banks and with an OCBC Bank car loan buying your dream car will not be a difficult task at all.

car loan singapore

About OCBC Bank

The Overseas Chinese Banking Corporation (OCBC) is one of the top banks in Singapore and is in fact one of the few local banks of the island. The bank offers a wide range of banking products and services that include car loans, credit cards, personal loans etc. OCBC is a very reliable bank and has received some of the most prestigious awards in the world of banking and finance. If you opt for any of the products offered by the bank, you can be assured that you will enjoy world class service and will also enjoy maximum transparency in terms of policies and guidelines. OCBC Car Loans have been designed to help people in purchasing the car of their choice without any difficulty.

Benefits and Features of OCBC Car Loan

The best part about applying for a car loan with OCBC Bank is that, the loan amount offered will be very high and it can be as high as 60 – 70 percent of the value of the vehicle. The amount offered is relatively lower if the vehicle that you purchased is relatively old and is not in the best of conditions. However, if you avail the loan to purchase a new (or even an old) vehicle that is in excellent condition, the amount offered will be very high and you will not have to spend a lot of money on making the initial downpayment for the vehicle.

The interest rate charged with the bank is very attractive and so your total cost of borrowing will be relatively low. As the interest rate will be comparatively low, the monthly instalment payments will also be lower and so you will not find it difficult to pay off the loan amount. You will also enjoy flexible repayment periods and can pay off the borrowed amount at your convenience. If you are a premier customer of the bank or if you are an individual with a high credit score, you can also expect to receive relatively lower rates of interest with the loan along with other beneficial features.

You should be an individual aged 21 and above with a higher annual income to be eligible for the loan. You can easily contact the bank to know about their eligibility criteria and if you find that you are eligible for the loan you can visit any of the branches of the bank or contact their customer service team to apply for the loan. The loan application will also be processed very fast and if it is approved, the loan amount will be disbursed in no time.

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.

Love Shopping in Singapore? Try Citibank Rewards Card

Generally, shopping and saving do not go hand in hand but we never stop trying to save while shop. Usually we shop during the heavy discount seasons to save what little we can but what if there are ways to shop without any stress or without having to compromise on our budget? Citibank’s Rewards Card MasterCard is the best credit card you can have when you are looking for ways to save rather than keep an eye on discounts and compromise on things you like because this card gives you 10X Rewards points for every SGD that you spend, that is way more than what any other credit card gives you in the current market.

Citibank Rewards Card

This card does not reward you only when you start making purchases with it, but the rewards come pouring down the second you successfully apply for the card. After the successful application, you receive a Takashimaya voucher worth SGD 50 that you can use as you please. Your welcome gift into the Citibank fan club does not end there. You also receive shopping vouchers worth SGD 1500 from more than 30 known brands such as Havaianas, Tocco Toscano, True Religion and Zalora to name a few. Though the vouchers come with inherent terms and conditions, minimum purchase requirement etc. you will still be able to save when you shop at these brands with your new vouchers and new credit card.

Now coming to the card itself, when you spend SGD 1 on any shopping need or craving, be it clothes, shoes, bags or even at departmental stores, you earn 10 Citi Points in the form of Citi Dollars. You will earn the same amount of points when you shop online at stores where, selling bags, clothes and shoes are their main business activity. You can redeem the Citi Dollars earned with more than 300 choices for your rewards from Citibank’s online catalogue. You could even use the Citi Dollars to get cash rebates. There is no geographical boundaries to earning rebates, you can earn them for both, local as well as overseas purchases in the respective categories.

Apart from shopping for your lifestyle, you will be rewarded even when you use your card for travel purposes. As a proud owner of a Citibank Card, you enjoy the Citi Privileges, earning up to 20X points when you spend on Expedia and Kaligo for your travel. You will even get exclusive offers from Emirates, Agoda and Hotels.com. If not travel outside the city, you can save on your travel within the island with up to 14% savings on fuel at Shell and Esso. You can also transfer the balance from your other cards and lines of credit to Citibank Rewards Card at 0% interest.
If shopping is your staple diet, then the Citibank Rewards Card is the right choice for you. Even though there is a cap for the 10X Points that you receive, when you compare the rewards this card gives you when you shop with any other card, you won’t find one that can satisfy your craving to shop guilt free than this one. The annual fee is SGD 192.60, which is not that competitive when you compare it to other credit cards or when you compare the benefits this card has to offer, you also get a fee waiver for the first year.

How Ideal is the OCBC 365 Credit Card For You?

One of the main reasons for purchasing a Credit Card today are the rewards and gifts that we receive from it that motivates us to make purchases on the card. The OCBC 365 Credit Card is beneficial for most of us because it gives us cash rebates on purchases that we make on a daily basis such as food, paying our phone bills, petrol etc. Therefore every time you make a purchase using your credit card, it’s like you’re getting a discount for your day to day routine spends.

ocbc 365 credit card

Weekends are the time that we usually prefer to go out with friends and family and more often than not we end up dining outside. When you use your OCBC 365 Credit Card on local dining during the weekends, you will earn 6% cashback. Don’t get disheartened, because the cashback spills over all the weekdays as well when you use your credit card. Whether you use your card to dine locally or overseas, for your recurring telco bills, purchases at local supermarkets, petrol etc. you will earn 3% cashback. All you need to do is to spend a minimum of SGD 600 to earn the highest cashback.

To avail the maximum petrol savings, use your OCBC 365 Credit Card until December 31st, 2015 to get a flat 14% discount at Esso and Caltex service stations. Additionally, if you spend less than SGD 600 per calendar month, you will get an additional 4.3% rebate of your petrol expenses. That comes to a total of 18.3% petrol savings per month.

The OCBC 365 Credit Card knows how to make you feel secure. The card comes equipped with complimentary travel insurance worth up to SGD 800, 000 and covers all aspects of your travel including travel personal accident insurance, medical expense reimbursement when overseas, coverage for baggage delay and loss and even for flight delay/ in flight misconnection. Your card also comes with the VISA Signature Concierge service to take care of all your planning before the trip including flight and hotel reservation, car rentals, restaurant reservations, booking your event tickets and anything else you have on your mind can be requested. The concierge service is available round the clock.
Apart from the privileges mentioned above, you are also entitled to additional privileges that include discounts at many merchant establishments including Agoda, Ctrip, Golden Village, Luxola and Lotte Duty Free Shops to name a few.

The downside of the card is that you need to spend a minimum of SGD 600 each month to get the cashback promised. If you spend less than SGD 600, you will earn a flat 0.3% cashback on everything, which is as small as the number itself. Another drawback is that the cashback is capped to a maximum of SGD 80 per month. It is also often difficult to calculate the cashback you have received unless you are organized enough to make a note of all your expenses each month and then cross verifying if you have received the corresponding cashback for each type of purchase made.

Overall the card deserves a thumbs up for the packaged cashback and rewards it has to offer. The card also comes with a 2 year annual fee waiver unlike many other credit cards that only provide a fee waiver for the first year. The OCBC 365 Credit Card has something to reward each type of spender whether you spend locally or overseas, whether you use your card to buy groceries or dine out frequently. The card can suit any lifestyle.