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Top 10 Credit Card Promotions to Maximize Your Benefits in Singapore for 2024

Looking to enhance your financial strategy with a new credit card? Welcome bonuses can make all the difference. Banks today offer enticing promotions ranging from air miles to tech gadgets like Apple watches. But these offers are transient, so it’s wise to seize them when they arise, especially for cards you’re already eyeing.

Below, we’ve compiled a list of credit cards with some of the most lucrative promotions available now. We’ll delve into not only the welcome bonuses but also the card’s features beyond the initial offer, eligibility criteria, and annual fees.

1. Citi PremierMiles Card

citi premier miles card

PROMO: Receive an Apple Watch Series 9 GPS 41mm (Sport Loop/Sport Band) (worth S$604.50) or Dyson Supersonic (worth S$699), or Apple iPad 9th Gen 10.2 Wifi 64GB (worth S$508.30), or S$400 eCapitaVoucher or S$300 cash

Main Benefit: Accumulate Miles
Perks: 1.2 local MPD and 2 – 10 MPD on overseas and travel-related transactions
Details: One of the few cards allowing earning on taxes, rent, insurance premiums, and utilities.
Eligibility: Minimum Income: $30,000 (Singaporean/PR) / $42,000 (non-Singaporean)
Annual Fee: S$194.40 (first-year fee waiver)

The Citi PremierMiles Card is ideal for travelers seeking to accumulate miles at their own pace. Its generous earning rates extend to various transactions, including those typically excluded by other banks. With no expiry date on miles and a wide range of airline partners, it’s a top choice for frequent flyers.

2. Standard Chartered Smart Credit Card

Standard Chartered Smart Card

PROMO: Receive a Dyson AM07 (worth S$459) or Apple AirPods Pro 2nd Generation (worth $365.70) or Apple Watch SE (2022) (worth S$382.50) or S$300 and get up to S$40 e-capitaland voucher

Main Benefit: Cashback
Perks: 6% cashback on fast food, coffee and toast, digital subscriptions, and public transport
Details: No minimum spend, no annual fees
Eligibility: Minimum Income: $30,000 per year (Singaporean/PR); $60,000 (foreigner)
Annual Fee: $0

The Standard Chartered Smart Credit Card offers hassle-free cashback on everyday transactions with no minimum spend requirement. Its attractive perks make it a valuable addition to any wallet, especially for those who frequent selected merchants.

3. CIMB Visa Signature Card

CIMB Visa Signature

PROMO: Receive an AirPods Pro (worth S$365.70) or +PLUS Chelsea Check-In 22β€³ Luggage (worth S$449) or S$280 cash via PayNow

Main Benefit: Cashback
Perks: 10% cashback on online shopping, groceries, beauty/wellness, pet shops/veterinary services, and cruises
Details: Unlimited 0.2% cashback on all other spending
Eligibility: Minimum Income: $30,000 per year (Singaporean/PR)
Annual Fee: None

With an impressive 10% cashback rate on niche spending categories and no annual fee, the CIMB Visa Signature Card stands out. It’s a lucrative option for pet owners and online shoppers, offering substantial rewards on essential expenses.

4. Citi Cash Back+ Card

Citi Cash Back+ Card

PROMO: Receive a Dyson Supersonic (worth S$699) or Apple iPad 9th Gen 10.2 Wifi 64GB (worth S$508.30) or Dyson V8 Slim Fluffy (worth S$509) or S$400 eCapitaVoucher or S$300 cash via PayNow

Main Benefit: Cashback
Perks: 1.6% cashback
Details: No minimum spend, no cashback cap
Eligibility: Minimum Income: $30,000 per year (Singaporean/PR); $42,000 (foreigner)
Annual Fee: S$194.40 (first-year fee waiver)

The Citi Cash Back+ Card offers unlimited cashback on almost all spending, making it a straightforward choice for those seeking simplicity. While its cashback rate falls within the mid-range, its lack of restrictions and caps makes it an attractive option.

5. American Express Singapore Airlines KrisFlyer Credit Card

american express krisflyer ascend

PROMO: Get S$150 cashback at Singapore Airlines

Main Benefit: Miles
Perks: Earn directly in KrisFlyer miles with no transfer fees
Details: Easy-to-use miles card linked to Singapore Airlines KrisFlyer Programme
Eligibility: Minimum Income: $30,000 per year (Singaporean/PR); $45,000 (foreigner)
Annual Fee: S$178.20 (first-year fee waiver)

Ideal for Singapore Airlines enthusiasts, the AMEX SIA KrisFlyer Credit Card offers hassle-free miles earning directly credited to your KrisFlyer account. While not the highest in terms of miles per dollar, its promotional offers make it a compelling choice for avid travelers.

6. HSBC Revolution Card

HSBC Revolution Card

PROMO: Receive a Dyson Supersonicβ„’ hair dryer (worth S$699) or Nintendo Switch OLED (worth S$549) or Apple iPad 9th 10.2β€³ WiFi 64GB (worth S$508.30) or S$350 eCapitaVoucher or S$300 Cash via PayNow

Main Benefit: Rewards
Perks: 10X Rewards points (or 4 MPD) on online and contactless spending
Details: No annual fee or minimum spend
Eligibility: Minimum Income: $30,000 per year (Singaporean/PR); $40,000 (foreigner)
Annual Fee: None

The HSBC Revolution Card caters to digitally-savvy individuals with its generous rewards on online and contactless spending. With no minimum spend requirement and a wide array of redemption options, it’s a versatile card for maximizing rewards.

7. CIMB Visa Infinite Credit Card

CIMB Visa Infinite Credit Card

PROMO: Receive an AirPods Pro (worth S$365.70) or +PLUS Chelsea Check-In 22β€³ Luggage (worth S$449) or S$280 cash via PayNow

Main Benefit: Cashback
Perks: 2% unlimited cashback on travel, overseas, and online spend in foreign currencies
Details: Requires S$2,000 minimum spend in a month
Eligibility: Minimum Income: S$120,000 per year (Singaporean/PR) or Fixed Deposit Collateral of S$50,000
Annual Fee: None

The CIMB Visa Infinite Card offers attractive cashback rates on travel, overseas, and online spend, making it an excellent choice for globetrotters and online shoppers. With no annual fee and straightforward benefits, it’s a compelling option for high-income earners.

8. UOB EVOL Card

UOB EVOL Card

PROMO: Receive S$350 cash credit* + Enjoy 1x chance to win your share of up to S$200,000 in prizes + a chance to win S$5,000 bonus cash each week

Main Benefit: Cashback
Perks: 8% cashback on online and mobile contactless transactions
Details: Requires S$600 minimum spend and S$60 cashback cap monthly
Eligibility: Minimum Income: $30,000 per year (Singaporean/PR) / $40,000 (non-Singaporean)
Annual Fee: S$194.40 (automatic fee waiver if you make 3 purchases per month for 12 months)

Formerly known as the UOB YOLO, the UOB EVOL Card offers generous cashback rates on online and mobile contactless transactions, making it perfect for digitally-savvy individuals. Its sustainable deals further enhance its appeal for eco-conscious consumers.

9. DBS Altitude Card

DBS Altitude Visa Signature Card

PROMO: Receive up to 37,000 Miles

Main Benefit: Miles
Perks: High MPD for flight and hotel transactions
Details: Earn DBS Points that don’t expire
Eligibility: Minimum Income: $30,000 per year (Singaporean/PR); $45,000 (foreigner)
Annual Fee: S$194.40 (first-year fee waiver)

The DBS Altitude Card is tailored for travelers seeking to maximize their miles earning potential. With boosted rates for travel-related spending and points that never expire, it’s a great option for young working adults with a penchant for travel.

10. HSBC Visa Platinum Credit Card

HSBC Visa Platinum Credit Card

PROMO: Receive a Dyson Supersonicβ„’ hair dryer (worth S$699) or Nintendo Switch OLED (worth S$549) or Apple iPad 9th 10.2β€³ WiFi 64GB (worth S$508.30) or S$350 eCapitaVoucher or S$300 Cash via PayNow

Main Benefit: Cashback
Perks: 5% cash rebate on dining, groceries, and fuel
Details: Requires S$600 minimum spend per month
Eligibility: Minimum Income: $30,000 per year (Singaporean/PR); $40,000 (foreigner)
Annual Fee: S$194.40 (two-year fee waiver)

Designed for families, the HSBC Visa Platinum Card offers attractive cashback rates on dining, groceries, and fuel. Its supplementary card benefits make it an excellent choice for households with multiple members.

Remember to assess your spending habits and financial goals before choosing a credit card. With the right card and strategic spending, you can maximize your benefits and achieve your financial objectives.

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