MileLion. If you are a fan of online market places such as Lazada and Shopee, they each launched their own promotion with various banks in Singapore too. For eg. Answered on 10 Mar 2020. If you’re in a similar situation, then here’s a quick introduction into the world of cashback credit cards, and how to choose the best cashback credit card! Depending on which bank you get your card from, some cashback credit cards might not have a monthly minimum spend. Or let our SmartExchange™ technology do it for you at prevailing rates as you spend. Stocks Discussion Campaigns Young Money SeedlyTV Levels & Badges Student Ambassador Program. To redeem offers, … Cheat sheet: What are the best cashback cards for working adults? Late Fee: Yep, we're again reiterating this. How to Apply for Credit Cards in Singapore? Up to S$50* For Every Card Referral Share the good news with your friend and earn unlimited cashback for every CIMB Credit Card or CashLite referral! Master. Do you have a cashback credit card in mind? 4. When choosing a credit card, it is important to ensure that you are able to hit the minimum spend, without chalking up a huge amount of expenses. However, the majority of cashback credit cards in the market all have some form of monthly minimum spend, here are some examples: For cashback credit cards, there are always certain transactions that are excluded from the computation of the minimum monthly spend. Of course, there is no point in getting a cashback credit card if it has a minimum spend that will result in you spending above your means. Level 6. It’s also worth noting that the individual banks have their own exclusions so make sure you read the respective terms and conditions before deciding which cashback credit card to sign up for. 3. As a loose guide, transactions that are not considered retail expenditure are usually excluded from qualifying transactions. Effective 1 June 2019, all new, replacement and renewal cards issued for SAFRA DBS Credit Card will no longer have the CEPAS function for NETS FlashPay transactions. If you’re like me and don’t have a particular supermarket chain that you frequent. Good for using with DBS multiplier account time clock in the..." 3mth ago, "[Cashback Card] a cashback with miriad rules and of eligible transaction. HDB BTO. Being a student comes with a ton of benefits, whether food or entertainment discounts. I just go to whichever has the best deals for the day. The above table sorted out based on the Most Popular credit cards for online shopping based on real user reviews. Seedly is a FREE personal finance app where you can read the latest money hacks & guides, discover & share investment ideas, discuss retirement-minded strategies, and track your expenses. From benefits, points and air miles to cashback rewards, where should you even start? Credit Cards. However, there may be minimum spend to unlock certain benefits. Breaking down complicated financial pieces into idiot-proof articles. In such cases, you are better off using cashback apps such as ShopBack where you can get 1 to 10 per cent cashback from different merchants, simply by linking up your favourite credit card! testing. You can compare credit cards and choose up to 3 cards. And if you plan on shopping overseas (or in an online store that's based outside of your home country) with your credit card, you'll need to factor in possible foreign currency conversion fees. Offer is valid till 31 Jan 2021, for new DBS/POSB Credit … Best Miles Credit Cards. You will still receive the physical credit card within 5-7 working days and you are required to activate your physical credit card … 80k views. Credit card providers with instant approval can provide a digital credit card that you can start using even before your physical card arrives in the mail. Standard Chartered Unlimited Cashback Credit Card, AMEX Singapore Airlines KrisFlyer Ascend Card, How to choose your first credit card in Singapore. Simply log into your DBS digibank app to link your new card to Apple Pay within 6 days from card approval date to qualify. Please note the following changes governing the use of your OCBC Credit Cards with effect from 1 July 2012. And then there're student credit cards, whose prerequisites are considerably lower: no minimum income requirement, no minimum spend, and far lower annual fees. Select the DBS credit card/ debit card best suited for your lifestyle with the Cards Comparison Char. Large purchases like my annual premium for insurance and household items...." 6mth ago, "[Useful For...] Renovation. You should also: Apart from user reviews on credit cards - we've an exhaustive list for your perusal - these guides are an excellent segue into the world of credit cards, no matter your spending habits. So: what credit card can you get with a poor credit score? That usually amounts to only a few dollars each month. Investment 101. Master. Really fuss free..." 2mth ago. If you are looking for a card that helps you save while you shop, a cashback credit card is for you as you will be able to benefit from it on a regular basis. Visa Credit/Debit Card monthly, On his first S$50,000, he earns interest at 0.40% per year; On his next S$10,000, he earns interest at 0.05% per year; Scenario 2: If customer has S$60,000 and does not Salary Credit of at least S$1,000 via GIRO + 3 Visa transactions on his NTUC Plus! OCBC Cashflo Credit Card is an interest-free auto-instalment credit card that offers you up to S$100 in monthly rebates. Your borrowing history is compiled in something called a credit bureau report, and can be obtained from the Credit Bureau of Singapore for a fee of $6. Exchange currencies in a snap Spot the best rates, and make instant exchanges for 10 currencies. So if you plan to clock your recurring bills under eligible spending, make sure you check if it qualifies under the card that you’re charging to. Find Out More Win Back 6 Months* Of Credit Card Bills & S$1,000* Cash Credit … Multi-currency cards are filling this void, though, by allowing overseas transactions to be made at no extra cost. The Credit Bureau of Singapore only tracks your borrowing history over a 12-month period - so you'll only need to maintain that to recover from a poor record. First, you head to Seedly Reviews to find out what kind of credit cards are available in Singapore.. You can sort the cards based on the ‘Most Reviewed’ or even by the ‘Highest Rating’ given by our Seedly … Kenneth Lou, Co-founder at Seedly. We are powered by the collective wisdom and diversity of experience of thousands of Seedly community members who … A Digital Credit Card is a virtual version of a credit card which you can use after successful activation without the physical version of a credit card. 4 MPD for all online shopping. 2. Most banks typically offer an annual fee waiver, so long as you make the request by calling in. Cash Advance Fee: A cash advance allows you to withdraw money from an ATM using your credit card, and usually includes a fee of 6% on the amount drawn. A cashback credit card is basically a credit card that pays you back a certain percentage of what you spend (similar to a rebate)! Are you a chronic Grab user or guilty of indulging in copious amounts of overpriced coffee? In doing so, you'll be charged a balance transfer fee of around 2% to 4% of the amount transferred. In such cases, it is then better to get something that is easy to use, so that you don’t have to worry about not optimising your credit card. UOB’s rebate is paid out on a quarterly basis, and the payout cap looks like this: For you to receive the maximum $300 cash rebate, you will need to: The process, however, varies for different credit cards, so do find out more about the process when you are deciding on which cashback credit card to choose from. Promotions. To get a quick overview, take a look at the card’s monthly cashback cap, and the preconditions surrounding it! This really comes down to the discretion of the bank whose credit card you're applying for. If you fancy the idea of redeeming rewards in the form of vouchers for movies, shopping, dining, hotel stays and air miles, then these rewards credit cards may be something worth considering. We will send … Balance Transfer Fee: A balance transfer is what happens when you transfer your credit card debt to another card issued by a different bank. Credit Cards Electricity Retailers Mobile Plans Online Brokerages P2P Lending Robo-Advisors Savings Accounts Travel Insurance Quick Tools Savings Account Calculator Levels and Badges What are the best miles cards for working adults? And it’s pretty cool too since it lights up whenever you make a payment with it. This is subjected to the different pre-conditions set up by the banks. )Bank of America Premium Reward Credit Card. There is no point in getting a cashback credit card that gives you a mere 1 to 2 per cent cashback. While this may seem attractive at first, don’t forget to read the fine print and make sure that it is easy for you to receive cashback. With these tips in mind, here's a round-up of the most popular types of credit cards in Singapore, sorted by category. I think the best generic ones are stanchart unlimited card and amex true cashback card at 1.5% rebate on all spend, with no minimum. Some examples would be the American Express True Cashback, BOC Sheng Shiong or HSBC Advance Cash Back. I applied for it for the Apple AirPods promo with..." 1mth ago, "[Card Hacks] Compare and read real user reviews on the best cashback, air miles and rewards credit card in Singapore.Stay updated with the latest credit card promotions. A poor credit score could affect how much you can borrow - or even your ability to borrow. This isn’t a credit card per se but a prepaid card that is integrated with RazerPay. Answered on 04 Oct 2020. Insurance. Standard Chartered Unlimited Cashback Credit Card. Still have more questions after reading the article? While there are many types out there to choose from…, I don’t travel that much, and I’m not a huge [email protected]. Credit cards that are more difficult to get include the ones … You'll be able to pose your questions anonymously, too. EXPLORE THE COMMUNITY. Guide. Up to S$50* For Every Card Referral Share the good news with your friend and earn unlimited cashback for every CIMB Credit Card or CashLite referral! Whatever cashback you receive will be used to offset your next bill. P.S. Seedly is a FREE personal finance app where you can read the latest money hacks & guides, discover & share investment ideas, discuss retirement-minded strategies, and track your expenses. We'll admit it's a bit of a catch-22; you'll need a credit card to even develop a good credit score, yet having a credit card poses the risk of earning a bad credit score. SEEDLY COMMUNITY: SHARE & DISCUSS PERSONAL FINANCE STRATEGIES Seedly is Singapore’s largest personal finance community. suit my lifestyle as i shop online frequently (3% rebate),..." 1mth ago, "[Useful For...] The biggest credit card companies like Visa, … Applicable for first-time American Express Singapore Airlines Credit Card applicants only. Spend Bonus Receive 16,000 KrisFlyer miles when you spend S$10,000 in the first 3 months of Card … On top of the minimum spend, banks usually require you to jump through a few hoops in order to qualify for the maximum cashback they advertise. It's imperative that you read the fine print, so don't be blinded simply by credit card perks! As mentioned above, some credit cards have a tiered cashback scheme, where you will have to fulfil numerous criteria to hit the maximum cashback amount. Without locking in your money get cash in 15 mins with interest rate from %... 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