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. In doing so, you'll be charged a balance transfer fee of around 2% to 4% of the amount transferred. 3. 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. You will still receive the physical credit card within 5-7 working days and you are required to activate your physical credit card before use. Online payments. If you do not have your Credit Card PIN, please call +65 6333 6666. Examples of such cards include the American Express True Cashback Card or Standard Chartered Unlimited Cashback Card. So, I’d like to stick to a cashback credit card, which can give me some cashback or cash rebates. Foreign Transaction Fee: Convenient as it may be to swipe your credit card while on holiday, we earlier mentioned the charges you'll be subject to - including the dynamic currency conversion rate, which will be charged at the point of your transaction. Here are some of the best miles cards offered: With a cashback card, you'll be rewarded for spending on dining, groceries, online shopping, hotel stays and entertainment - plus everything in-between. Most banks typically offer an annual fee waiver, so long as you make the request by calling in. 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. 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. The way it works is deliberately simple; you upload your bank or credit card statements to the site and enter an … Firstly, theres no minimum spend to use a credit card. That's because a credit card's interest rates hovers at around 24% of the amount owed. AMEX has more attractive merchant promotions, but this is subjective. P.S. Disclaimer: While we are affiliated with ShopBack… we select and review products and services independently in line with our Seedly … If you've still got burning questions after reading real user reviews on the best credit cards in Singapore, head on over to the Seedly Q&A platform! Level 6. Using a personal finance management tracker (like - ahem - the Seedly app) or an Excel sheet could help you better identify where most of your money goes, so you'll be able to reap the full benefits of your card. 5,000 KrisFlyer miles the very first time you charge to your Card. I managed to get..." 9mth ago, 1% rebate on monthly bill of $1000 and above, "[Useful For...] As far as I know, Amex True Cashback is the only credit card that … 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! Credit Cards. Most insurance companies allow paying first year premium for whole life plans using credit cards, and some through their online portal allows payment via credit card … 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. We are powered by the collective wisdom and diversity of experience of thousands of Seedly community members who … if I use a 5% cashback credit card and rack up a bill of $100 in January, the 5% cash back earned ($5) will be deducted off my next bill in February. However, most banks use the terms interchangeably, as the main idea of getting cash back to offset your bills is still kind of the same. I applied for it for the Apple AirPods promo with..." 1mth ago, "[Card Hacks] Cheat sheet: What are the best cashback cards for working adults? Best Miles Credit Cards. With these tips in mind, here's a round-up of the most popular types of credit cards in Singapore, sorted by category. 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. Robo-Advisors. 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. Simply log into your DBS digibank app to link your new card to Apple Pay within 6 days from card approval date to qualify. I personally have the stanchart unlimited card and will be getting the amex true cashback the moment i have a s$5k expense (because you get 3% for the first s$5k spent in the first few months. Before narrowing in on credit card user reviews, first consider the following: Unless you're getting a student credit card, it's highly likely you'll be required to meet a minimum salary requirement prior to having your credit card application approved. That usually amounts to only a few dollars each month. ... Top rated on Seedly… ... Jie Sheng, Seedly Student Ambassador 2020/21 at Seedly. All Miles Credit Cards Comparison. 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. Your credit score tells banks and lenders how reliable you are in paying your credit card bills on time. Annual Fee: This refers to a yearly fee charged for the convenience of having a credit card. If a Spree Credit Cardholder purchases a Covered Item online, pays for it in full, using the Spree Credit Card and within 14 calendar days of the date of purchase, finds the exact item being offered at a lower … 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. A poor credit score could affect how much you can borrow - or even your ability to borrow. Great for my purchases at NTUC, can accumulate points..." 4mth ago, "Staff at CIMB Orchard are informative and polite. A cashback credit card is basically a credit card that pays you back a certain percentage of what you spend (similar to a rebate)! Select the DBS credit card/ debit card best suited for your lifestyle with the Cards Comparison Char. If SC has more merchant tie-ups that are relevant to you then this point is not valid. Applicable for first-time American Express Singapore Airlines Credit Card applicants only. In contrast, cash rebates may be a little hard to keep track of and are best used once you have accumulated a decent amount. You'll be able to pose your questions anonymously, too. Discussion. But did you know certain credit cards can in fact help you save money? Making credit card comparisons can be tricky if you have little idea of your own spending habits. Income Tax. To get a quick overview, take a look at the card’s monthly cashback cap, and the preconditions surrounding it! In the News. As you find your first credit card, do remember to pay your bills on time, so that your savings won’t be compromised by late fees, and interests on your outstanding balance! To access participating lounges, present your OCBC 90°N Card, or your digital lounge access code, together with your boarding pass and identify yourself as a LoungeKey member. 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. Credit Cards Electricity Retailers Mobile Plans Online Brokerages P2P Lending Robo-Advisors Savings Accounts Travel Insurance Quick Tools Savings Account Calculator Levels and Badges Overlimit fee: $40 will be charged on the card with highest balance on the statement billing date, if the total outstanding balance (including unbilled balance) of all credit card(s) exceeds customer’s combined credit limit on any day within the statement period. Please note the following changes governing the use of your OCBC Credit Cards with effect from 1 July 2012. 80k views. )Wells Fargo Propel American Express Card. Breaking down complicated financial pieces into idiot-proof articles. And it’s pretty cool too since it lights up whenever you make a payment with it. 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. 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. suit my lifestyle as i shop online frequently (3% rebate),..." 1mth ago, "[Useful For...] - On POSB website, it states 'Get UP TO 15% cash rebates'. This isn’t a credit card per se but a prepaid card that is integrated with RazerPay. testing. These 2 designs are also applicable for card design … Exchange rates are also shown in real-time, so you'll more or less be living like a local even while on holiday. 2. Or let our SmartExchange™ technology do it for you at prevailing rates as you spend. I just go to whichever has the best deals for the day. 4. There are some ways to improve a bad credit score, though. Promotions. This is subjected to the different pre-conditions set up by the banks. 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 … What are the best miles cards for working adults? The Best Credit Cards in Singapore 2020. And then there're student credit cards, whose prerequisites are considerably lower: no minimum income requirement, no minimum spend, and far lower annual fees. Find Out More Win Back 6 Months* Of Credit Card Bills & S$1,000* Cash Credit … 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. Answered on 04 Oct 2020. For eg. Answered on 10 Mar 2020. You will still receive the physical credit card within 5-7 working days and you are required to activate your physical credit card … As a loose guide, transactions that are not considered retail expenditure are usually excluded from qualifying transactions. )Capital One Quicksilver Cash Rewards Credit . Whatever cash rebate you receive is stored in your credit card account until you choose to use it to offset a future purchase. 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. OCBC Cashflo Credit Card is an interest-free auto-instalment credit card that offers you up to S$100 in monthly rebates. While there are many types out there to choose from…, I don’t travel that much, and I’m not a huge [email protected]. Personal Finance 101. Best Credit Card for All Supermarket Chains. This really comes down to the discretion of the bank whose credit card you're applying for. Note: the various credit cards … Seedly Student Ambassadors. 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. Late Fee: Yep, we're again reiterating this. Level 6. If you do not have your Credit Card PIN, please call +65 6333 6666. Termination of Travel Insurance. 1. Credit cards are not one and the same. 5. No top-ups or reloads required; just pay for the ride with your card. 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. How to Apply for Credit Cards in Singapore? 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. More often than not, your credit card will come with additional charges. 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. 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. 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. Visa Credit/Debit Card … Promotions. Seedly. With these tips in mind, here's a round-up of the most popular types of credit cards in Singapore, sorted by category. Best Credit Cards for EZ Link. Do you use grabpay a lot? SEEDLY COMMUNITY: SHARE & DISCUSS PERSONAL FINANCE STRATEGIES Seedly … The OCBC Travel Insurance Programme for OCBC Generic Visa Classic/MasterCard Standard, OCBC Generic Visa/MasterCard Gold, OCBC Titanium, OCBC Platinum, and OCBC Arts Platinum cards … These are usually transactions like (not exhaustive): So if you plan to clock your recurring bills under eligible spending, make sure you check if it qualifies under the, $50 (3.33% of $1,500; if min spend at least $500 but less than $1,000 per month within a qualifying quarter), $100 (3.33% of $3,000; if min spend at least $1000 but less than $2,000 per month within a qualifying quarter), $300 (5% of $6,000; if min spend at least $2,000 per month within a qualifying quarter), Make a minimum total of 15 transactions in your qualifying quarter (min 5 transactions/ month), Spend a minimum of $2,000 for each month within the qualifying quarter, Ensure that all transactions are posted before the statement date to qualify, ShopBack GO: How To Convert Any Debit Or Credit Card Into An F&B Cash…, The Best 1-For-1 Food Apps In Singapore: Burpple Beyond vs Entertaine…, Ultimate Compilation: Cashless Payment Promotions & Deals, A Singaporean's Ultimate Guide To Year End Online Shopping Deals. The process is pretty simple. It's imperative that you read the fine print, so don't be blinded simply by credit card perks! Source: Razer Fintech if I use a 5% cash rebate credit card to pay for a $100 purchase, a $5 cash rebate will be credited into my credit card account. Disclaimer: While we are affiliated with ShopBack… we select and review products and services independently in line with our Seedly Code of Ethics. You can contribute your thoughts like Rachel Yeo. All Credit Cards Comparison. Guide. The way it works is deliberately simple; you upload your bank or credit card statements to the site and enter an email address. Before delving into your comparison, it's important to first understand what getting a credit card entails, and the importance of maintaining a good credit score. Some examples would be the American Express True Cashback, BOC Sheng Shiong or HSBC Advance Cash Back. Master. A credit card may give a generous amount of cashback. An example of a tiered cashback card is the UOB One (up to 5% rebate). Hi depends on the context. Standard Chartered Unlimited Cashback Credit Card. Compared to rewards cards and air miles cards, a cashback credit card is less complicated as well! 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! Save money on your wedding banquet: Credit cards you should be using! Master. Investment 101. Seedly is Singapore’s largest personal finance community. 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. If I decide to buy something else, I can ask the cashier to utilise the $5 cash rebate to offset my next purchase. You can discuss the pros and cons of it in Seedly’s Credit Card Reviews! As you may have seen during your search for high quality cannabis seeds, many seed banks don’t offer the possibility to buy weed seeds with a credit card.. Since your question tagged 'POSB Everyday Card', I shall use that as an example. Still have more questions after reading the article? The Bank will be crediting this amount in the form of cashback into your DBS Takashimaya Credit Card by 30 September 2020 or within 120 days from the end of circuit breaker, whichever is later. Pretty cool too since it lights up whenever you make a payment with it rebates are usually automatically to... Cashback/More cashback how to choose your first credit card, how to your. A bad credit score, no thanks to poor money management habits or accrued card. Go to whichever has the best miles cards are popular in Singapore, by. Retail expenditure are usually automatically used to offset your next bill multi-currency cards are popular Singapore. 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