Citibank Rewards Card

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Citibank Rewards Card

Citi Rewards Card

In case you incessantly use Seize to get spherical, order lunch on Deliveroo day-after-day, get your groceries on RedMart or Amazon Prime, and Netflix is your main provide of leisure – then you definitely may be most undoubtedly a digital native and would match correct into Singapore. 

For people who love tech and rely on apps to get one thing carried out, the Citibank Rewards Card is the suitable match. It gives you a whopping 4 miles per S$1 spent on on-line transactions, which covers… successfully, practically each factor in Singapore. The similar earn payment extends to offline procuring at development and department stores.

Nonetheless, there are a few apparent omissions in an in some other case good card. You’ll not get the bonus components on journey bookings (even on-line ones) and on consuming out. In addition to, the 4 miles per S$1 payment is is capped at S$1,000 a month. So, whereas the Citi Rewards Card makes a really perfect frequently financial institution card, you’ll perhaps moreover want to get one different card to your journey and consuming spending.

Eligibility for foreigners: Minimal annual earnings of S$42,000

DBS Lady’s World Card

DBS Lady’s World Card

Don’t be fooled by its title – the DBS Lady’s World Card is open to every men and women, as long as you may be incomes S$80,000 p.a. and up. 

Irrespective of gender, in case you occur to’re a breadwinner or extreme spender, you’ll undoubtedly want to consider this card. It is very similar to the Citi Rewards Card in that you just get 4 miles per S$1 spent on on-line transactions, so that’s your Seize rides, meals provide, on-line groceries, ClassPass subscription and lots of others. coated.

This moreover extends to on-line journey bookings, which means you might rack up a substantial amount of miles in case you occur to make use of this to e ebook your flights and resorts. The components are capped at S$2,000 a month instead of Citibank’s S$1,000.

Nonetheless, the DBS Lady’s World Card would not cowl offline consuming and leisure, so in case you occur to spend fairly a bit on these, likelihood is you may want to look into the other taking part in playing cards on this guidelines.

Eligibility for foreigners: Minimal annual earnings of S$80,000. Employment Go holders solely

HSBC Revolution Card

HSBC Revolution Credit score rating Card

Now, in case you aren’t keen on attending to maintain various financial institution playing cards, the HSBC Revolution Credit score rating Card is an efficient compromise. Additionally it is a rewards card that lets you earned components, which can later be remodeled to miles. 

The HSBC Revolution Credit score rating Card gives you 2 miles per S$1 spent on a complete bunch of courses, every on-line and offline. On-line spending comprises on-line procuring, flights and resorts, movies, reside efficiency tickets, taxi reserving, meals provide, even insurance coverage protection premiums. And offline, you get components on consuming and leisure.

With no minimal spending requirement and no cap on components earned, there’s utterly no should micromanage your spending, which is an precise bonus.

Eligibility for foreigners: Minimal annual earnings of S$40,000

Citi PremierMiles Card

Citi PremierMiles Card

In case you accepted a job proper right here contemplating that it makes an superior base for exploring all of Asia, you’re correct: With tons of funds flights, ferries and even trains going all over the place throughout the world, you can be tempted to journey just about every weekend. In case you foresee various journey payments all through your hold in Singapore, you undoubtedly desire a a lot card. 

Our resolve of most likely essentially the most well-rounded miles card in Singapore for expats is the Citi PremierMiles Card. It’s super straightforward to utilize. There is no minimal spend and you may price one thing you want to it; each factor will get each 1.2 miles per $1 (native) or 2 miles per $1 (overseas). Plus, the miles don’t expire. Oh, and it gives you airport lounge entry too.

Being one of many essential recognised worldwide banks in Singapore, Citibank is the go-to financial institution card issuer for lots of expats. Their entry requirements for foreigners are fairly relaxed as successfully.

Eligibility for foreigners: Minimal annual earnings of S$42,000

DBS Altitude Card

DBS Altitude Visa Signature Card

One different good contender for the miles card slot in your pockets is the DBS Altitude Card, which is analogous to the Citi PremierMiles Card in some methods: It has the similar earn fees, no-expiry miles, first-year annual cost waiver, and lots of others. 

Nonetheless in case you occur to’re wish to spontaneously journey to areas spherical Asia, this financial institution card might provide you with a bit further mileage: 3 miles per S$1 spent on all on-line flights and lodge bookings. You presumably can go ahead and e ebook on Scoot or Expedia or Airbnb, whichever has top-of-the-line deal. That’s capped at S$5,000 a month.

Eligibility for foreigners: Minimal annual earnings of S$45,000. Employment Go holders solely

UOB YOLO Card

UOB YOLO Credit score rating Card

Cash Once more on On-line, Seize, Consuming & Leisure SpendUp to eight%
Cash Once more Cap per monthUp to S$80
Min. Spend per monthS$600
The UOB YOLO Credit score rating Card has certainly one of many lowest minimal earnings requirements for foreigners, and is an efficient match for youthful expats whose financial institution card spending is particularly on consuming and going out. Remember that it gives you cashback instead of miles. 

As long as you hit the minimal spending requirement of S$600 a month (all too easy in Singapore, to be honest), this cashback card gives you each 3% or 8% rebate on consuming, leisure, Seize rides, on-line procuring and on-line journey bookings.

Remember the cashback cap of S$80 a month, which suggests it is not suited to giant spenders. You moreover won’t get bonus rebates on points like on-line grocery procuring or your Netflix subscription.

Eligibility for foreigners: Minimal annual earnings of S$40,000

Amex Platinum Credit score rating Card

American Particular Platinum Credit score rating Card

There are some individuals who discover themselves die-hard followers of American Particular purely because of its well-known concierge service – and for new-in-town expats, it is undoubtedly an beautiful service to entry. 

Remember that Amex would not have an unlimited presence in Singapore and is not as extensively accepted as Visa and Mastercard. You’ll not have a difficulty paying with it at principal retailers, resorts and consuming locations, nevertheless smaller corporations couldn’t accept Amex.

That said, thought-about certainly one of their best financial institution card selections proper right here is the Amex Platinum Credit score rating Card. Though it comes with a hefty annual cost, it is utterly potential to recoup the cost due to the excellent consuming gives you might get with it.

Beneath the Amex “Love Consuming” programme, cardholders can get 50% off the meals bill at a number of of the fanciest consuming locations in town. It moreover entitles you to drink gives akin to free drinks at cocktail bars. Briefly, this card will make you feel like a VIP in case you wine and dine spherical Singapore.

Eligibility for foreigners: Minimal annual earnings of S$60,000

How Can Expats Apply for a Credit score rating Card in Singapore?

Most financial institution card suppliers in Singapore are blissful to problem financial institution playing cards to foreigners working in Singapore, nevertheless offered that they meet the minimal annual earnings requirements (which might be often elevated than the requirements for locals). When making use of for a financial institution card, likelihood is you may need to provide the subsequent paperwork as successfully.

Proof of Identification

When you’ve a official SingPass, one of the best strategy to substantiate your identification is to log in to SingPass MyInfo when making use of for the cardboard. In some other case, you’ll want to provide a reproduction of your passport as ID proof. You might also be required to level out further proof akin to an net, cellphone or utility bill addressed to you.

Work Permit

Most banks problem financial institution playing cards to expats who meet the earnings requirement, nevertheless you need to current each your E Go or S Go (copies of the front and back). If it has decrease than 6 months’ validity, likelihood is you may should furnish the In-Principal Approval (IPA) doc. Remember: Positive banks prohibit taking part in playing cards to E Go holders solely.

Income Paperwork

First, make sure you meet the minimal earnings requirements stipulated by the financial institution card issuer. To indicate this, you’ll want to ship in your latest computerised payslip, or (in case you shouldn’t have one) your official letter of employment stating your wage.

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Credit score rating Card Minimal Income Requirements for Foreigners (2021)

CREDIT CARD ISSUER MINIMUM ANNUAL INCOME
ICBC S$30,000
HSBC S$40,000
UOB S$40,000
Citibank S$42,000
OCBC S$45,000
DBS / POSB S$45,000
Maybank S$45,000 (Malaysian) / S$60,000 (completely different nationalities)
Customary Chartered S$60,000
American Particular S$60,000
CIMB S$60,000
Monetary establishment of China S$60,000

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