Age 18 or older. * Increase Your Credit Limit up to $5,000 by Adding Additional Deposits Anytime Fees for the initial one to two years are typically waived. Cashback Credit Cards with No Minimum Spend In Singapore. After all, these were never meant to replace “proper” credit cards; they merely provide the convenience of cashless payments to those who would otherwise not have it. As I have mentioned, OCBC will only be awarding Travel$ in S$5 blocks from 01 June 2020 (essentially you do not earn any Travel$ or cashback if you spend S$4.99 or less) so that is definitely something to keep in mind if you tend to make small-value transactions. With effect from 25 June 2018, the minimum monthly repayment amount (“Minimum Payment Due” or “MPD“) applicable to all your Standard Chartered Bank (Singapore) Limited Credit Card accounts 1 (including funds transfers) will be revised to include the full approved monthly instalments under EasyPay Programme and 0% Interest Instalment Plan. >No minimum income required >Singapore Citizens, Permanent Residents or Foreigners >Working Adults (min. The most common annual fee for credit cards in Singapore is currently $192.60 for credit cards with $30,000 annual income requirement. Not exactly. SingSaver.com.sg’s comparison tool helped me decide on an air miles card in 10 minutes.” ”, “ “I used to be scared of credit cards, but SingSaver.com.sg made me realise that I don’t have to worry about debt if I pay my bill on time each month. Cashback Credit Cards with No Minimum Spend In Singapore. Get your full, exclusive copy of The Ultimate Savings Guide for COVID-19 and Beyond, including tips on reducing unnecessary expenses, creating additional income streams and more! In that case, you should get the Citi SMRT Card. 4. Live Fresh Visa Card from DBS. Best Cash Back Card With No Minimum Income The number one cash back credit card that has no minimum income requirement, is the Tangerine Money-Back Credit Card. S$100 GrabFood Voucher(New to Card Applicants). There is no minimum annual income required for this card. While competitors tend to stick to the basics, SC Unlimited Cashback Card is SimplyGo functional and offers cardholders up to 21% fuel savings at Caltex. Enjoy your current Hilton Honors status through March 2022 and keep it for longer with reduced requirements in 2021. Plus, find out why cards have minimum income requirements, in the first place, and a few possible ways around them. The American Express True Cashback Card is probably the best cashback credit card in Singapore - it offers 1.5% cashback on all eligible spend made in SGD and 2.5% for eligible spend made in a foreign currency (non-SGD). If you’re really insistent on trying though, there is an alternative option I haven’t mentioned above: Diners Club. New American Express True Cashback Cardholders will enjoy a cashback rate of 3% the first S$5,000 (capped at S$150 cashback) worth of eligible transactions charged to the card within the first 6 months of card membership. Convert your available CIMB Credit Card credit limit to cash at no interest with ... Min. As it is not backed by collateral, a minimum income is required to ensure that users have the financial means to repay the loan borrowed through the credit card. Convert your available CIMB Credit Card credit limit to cash at no interest with ... Min. Other foreigners require a minimum annual income of S$60,000, or if you do not meet the income requirements, a Fixed Deposit collateral of minimum S$10,000 is required. This is his story. Personalised, bite-sized reads, money hacks and product recommendations. CIMB Classic MasterCard. You will need the following documents to obtain the free credit report: Card carrier that comes with your credit card. Back in 2007, the MAS eased restrictions on credit card age and income requirements. World of Hyatt Reduces Elite Status Requirements in 2021 - Members Can Earn Top-tier Globalist in 15 Stays from January to February, Chope Massively Devalues ChopePerks Programme - You Now Need 2.5X the Previously Required Amount for a S$10 ChopeDeals Discount Code. Get up to S$380 worth of vouchers for free with LumiHealth when you stay active and make healthier choices - all you need is an Apple Watch. There’s no sure-fire way to prevent credit card fraud, so unfortunately holding a credit card also means being vigilant about making sure it doesn’t end up in the wrong hands. Entertainment and Recreation - all local and overseas transactions made at Theatres, Video Entertainment Rental stores, Pool and Billiard Establishments, Game Arcades, Bowling Alleys, Golf Courses, Country Clubs, Amusement Parks, Aquariums and Tourist Attractions. Earn Miles, Points and STAR$ on GrabPay Wallet Top-ups with American Express Cards (10 November 2020 to 10 May 2021) - Registration Required! “ “I’ve always thought about getting a travel credit card, but I didn’t know which one to get. Citi Clear Card is a student credit card that offers exclusive dining privileges and various other privileges. In that case, you should get the Citi SMRT Card. Find out all about the Hilton Honors program changes in 2021 here. For Expatriates, you have earnings which provide a minimum income of over S$60,000 p.a. ... For Singapore Citizens and Residents, you have earnings which provide an income of over S$30,000 p.a. American Express Adds Huggs Coffee As Latest Platinum EXTRA Partner - Earn 7.81 Miles per Dollar! It gives cardholders up to 2% cash back on their purchases and is especially good if you … Plus, you shop at FairPrice, go to McDonald’s and occasionally visit the cinemas. Your personal and financial data stays safe through 2-factor authentication. Fees. Enjoy greater savings with this card that offers one of the highest cash rebates for your daily essentials across Singapore and Malaysia. The American Express® Singapore Airlines PPS Club Credit Card. – Hold a Centurion or Platinum Card from American Express? Quick review of LumiHealth after using it for a week and how you can get an Apple Watch SE if you sign-up for a free credit card before 30 November 2020. You can do that too, by redeeming your points for a direct cash rebate on your credit card bill. While it may not offer the highest cash rebate on local and foreign spend, certain categories of spend will get accrue an additional 0.5% cashback (bringing the total cashback rate to 2.0%) which will be credited in the following month. For Expatriates, you have earnings which provide a minimum income of over S$60,000 p.a. If you are new to American Express, charging S$1,000 in the first 30 days of the card membership will get you S$30 cash back (from the 3.0% welcome bonus) and S$60 CapitaVouchers - this is equivalent to 9% cashback which is impressive! Minimum Age. These basically carry the same fees and benefits as a regular credit card, but require you to put $10,000 in a fixed deposit (which also serves as the credit limit). Already signed up? The only silver lining in getting an ICBC-issued card is the ability to be upgraded to Sands Rewards LifeStyle Elite tier for 3 months and this gives you exclusive privileges like daily complimentary parking at Marina Bay Sands, access to ArtScience Museum as well as a number of attractions like kyPark Observation Deck, Sampan Rides and Digital Light Canvas. ... No minimum income required. Love it.” ”, Discover for yourself the most suitable option. KrisFlyer UOB Credit Card. However, the minimum annual income criteria depends on the type of credit card and your residential status. To put things simply, the CIMB World Mastercard offers a base cashback of 1.5% on all eligible spend which will be credited in the same statement month. A card with a “high” income requirement could range between around S$50,000 and S$500,000 per year. An example of this is the DBS LiveFresh student card, which has no minimum income requirement. Are you looking for a premium credit card that doesn't have a 60K+ income requirement? Zero to low annual fee – Some low-income credit cards have no annual fee for life. While it does not offer up to 1.6% cashback for local spend, it does have a significantly higher cash rebate for non-SGD transactions. ... No minimum annual income for Singaporeans, Singapore PRs and foreigners. Try a Secured Credit Card . What if you’re studying, or taking a significant pay cut to pursue a passion project: are credit cards out of reach for you? You have an existing credit card limit of S$20,000 and have recently spent S$5,000 on it, leaving you with a balance of S$15,000 on your credit card limit. Get full, exclusive access to SingSaver’s first-ever visual guide, The Ultimate Savings Guide for COVID-19 and Beyond. A minimum annual income of S$30,000 for Singapore Citizens, Permanent Residents and Japanese Nationals. The OCBC 90°N Card is certainly not the best cashback out there but it does give you the option to switch between miles and cash rebate easily without having to commit to a miles-accrual or cashback strategy if you are undecided. For Foreigners: Female and a minimum annual income of S$40,000 is required OR Fixed Deposit collateral of at least S$10,000. You need to be at least 21 years old or above to apply for a Citi Credit Card. Singaporean or Singapore PR above 21 years old with an annual income of at least S$30,000. With this change, the Minimum Payment Due wil Standard Chartered Manhattan Credit Card. However, Diners Club offers eight different cobrand cards with $500 credit limit versions. HSBC, DBS, UOB and CIMB all offer secured versions of popular credit cards like the DBS Altitude and UOB PRVI Miles. If you have to pick this card, do note that New-to-Card Standard Chartered applicants will also be able to enjoy a S$100 cash back bonus if they apply for the Standard Chartered Unlimited Cashback Credit Card using MyInfo. Sign in now to claim your free savings guide. The Standard Chartered Unlimited Cashback Credit Card allows you to earn 1.5% cash rebate on all eligible local and foreign spend that you put to this card with no minimum spend required and no cap to the amount of cash rebates you can earn each month. . Soon after, Citi launched the Citi Clear, the first-ever “no income requirement” card. NRIC; Credit Bureau (Singapore) Pte Ltd 2 Shenton Way #20-02 SGX Centre 1 Singapore 068804 Tel: +65 6565 6363 www.creditbureau.com.sg *Note: The free credit report is not available for renewed or replaced cards. This card is designed for those who want to manage their spending. While I debated against putting in this hybrid-credit card, it may be of interest to some people who have an existing banking relationship with Maybank. Annual Fees. “I used to be scared of credit cards, but SingSaver.com.sg made me realise that I don’t have to worry about debt if I pay my bill on time each month. We've already talked about the 3 most rewarding credit cards if you spend just $500 each month, so now let's talk about the exclusive credit cards that require sky-high minimum income requirements. SC Manhattan S$500 Card does have a few benefits. At the time of writing, the FX fee for a Maybank credit card is only 2.75% (I believe this is the lowest in Singapore) while Citibank charges 3.25% and this is probably the only advantage that the Maybank FC Barcelona Visa Signature Card has. A RADICALLY new type of credit card with no minimum income requirement and just $500 in credit has arrived in Singapore. Duty Free Stores - all local and overseas transactions made at Duty Free Stores. Credit cards with no minimum spend are great, as you get to spend without the pressure of hitting the monthly minimum spend limit. Automobile - all local and overseas transactions made at Vehicle Rental shops, Dealers, Repair and Service shops, Petrol kiosks and includes short-term car parking charges. S$192.60 (Principal card) Credit Limit. Borrowers should also keep in mind that the minimum income requirements differ between lenders. Unless you have a real reason to stick with Standard Chartered (e.g. * Increase Your Credit Limit up to $5,000 by Adding Additional Deposits Anytime +2.9% Cash Rebate (Additional)New Welcome Bonus (capped at first S$5,000). annual income (Singaporean/Singapore PR): S$30,000. Minimum Age. Since the latter will only give you S$145 cash rebate after spending S$5,000, I highly recommend that you sign-up for the Citi Rewards Card (there is fee waiver for the first year of card membership) first to get the S$200 cash bonus (valid until 31 May 2020 at the time of writing). You don’t want a minimum spend requirement on your credit card, but you also think that 1.5% on all local spend is too low. It’s no big surprise that the benefits and perks offered by cards in this segment are somewhat underwhelming. The key difference between a secured and an unsecured credit card is the need for collateral. Minimum profits criteria to own this credit score card: Working Adults – S$18,000 p.A. Next is the Maybank eVibes Card, which gives you 1% cash back on everything. ... No minimum spend, no … Best no minimum cashback credit card for groceries and fast food: Citi SMRT Card. If you’re still eyeing a “proper” credit card but don’t meet the income requirement, an alternative is to consider a secured credit card instead. For the most part, the only way to avoid the income requirement for credit card applicants under the age of 21 (or, really, any age, as most issuers will prefer you to have an income) is to apply with a qualified cosigner.. The only benefits of note are free entry to Zouk and Phuture on the DBS Live Fresh Student Card. Most credit cards in Singapore require users to earn a minimum income of $30,000 per annum. It says a lot that the best-in-class offer is 1% cashback . In most cases, the minimum salary required to apply for the credit card is Rs.15,000 per month. No minimum income requirement; Age 18 and above, with parent’s consent. This is where research is your excellent friend. Lloyds, Halifax, Yorkshire Bank, Sainsbury's and M&S all … you hold a Priority or Private Banking relationship with them), you … S$30 Cash Reward + S$100 Cash Rebate (Min Spend Required)New to Card Applicants. Unsecured credit cards are the most common type of credit card available in the market. There are hardly any miles earning cards available here, but if you’re still studying, or working and earning less than $30,000 a year, playing the miles game should be the least of your concerns. You don’t want a minimum spend requirement on your credit card, but you also think that 1.5% on all local spend is too low. I found and applied for a cashback card easily on their website. ... For Singapore Citizens and Residents, you have earnings which provide an income of over S$30,000 p.a. 1% is decent, especially considering there’s no minimum income and spending requirement. The minimum salary required for a low-income credit card differs between one bank to the other. The key difference between a secured and an unsecured credit card is the need for collateral. The annual income requirement for foreign nationals is higher as compared to Singapore Citizens. DINER’S CLUB INTERNATIONAL ACE CREDIT CARD >Min. It is not a terrible credit card if you plan to use it only in Singapore but honestly, the Citi Cash Back+ Mastercard gives you more flexibility as it also allows you to enjoy the same 1.6% cashback rate on foreign transactions. It’s another if you’re struggling to make ends meet, and hoping to get some short-term funds through a credit card. 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. However, the conversion rate is 4,500 points= 1,000 miles, which means the earn rate is a paltry 0.22 mpd. 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