10 Best Credit Card Promotions for Singapore in 2022

MoneyMate
Updated:

If you’re planning to sign up for a new credit card, a welcome bonus can sweeten the deal. These days, banks are generous with their credit card promotions, offering a range of gifts from air miles to Apple watches. 

But welcome promotions come and go, so if you see an attractive offer for a card you’re already eyeing, it’s best to sign up while you can.

Below we cover credit cards that have some of the best promotions right now, including:

  • What the card offers beyond the welcome promotion
  • Eligibility requirements and annual fees
  • What you need to do to qualify for the credit card promotions

10 Best Credit Card Promotions Singapore

CardMain BenefitPerks
Citi PremierMiles CardMiles
  • 1.2 local MPD and 2 – 10 MPD on overseas and travel-related transactions
  • One of the few miles cards that allows you to earn when you pay taxes, rent, insurance premiums, and utilities
Standard Chartered Smart Credit CardCashback
  • 6% cashback on fast food, coffee and toast, digital subscriptions, and public transport
  • No minimum spend, no annual fees
American Express SIA KrisFlyer Credit CardMiles
  • Easy-to-use miles card linked to Singapore Airlines KrisFlyer Programme
  • Earn directly in KrisFlyer miles with no transfer fees
  • Stepping stone to the AMEX KrisFlyer Ascend Card
HSBC Revolution Credit CardRewards
  • 10X Rewards points (or 4 MPD) on online and contactless spending
  • No annual fee or minimum spend
CIMB Visa Signature CardCashback
  • 10% cashback on online shopping, groceries, beauty/wellness, pet shops/veterinary services, and cruises
  • Unlimited 0.2% cashback on all other spending
UOB EVOL CardCashback
  • 8% cashback on online and mobile contactless transactions (0.3% cashback all other spend)
  • S$600 min spend and S$60 cashback cap monthly
  • Southeast Asia’s first bio-sourced card
Citi Cash Back+ CardCashback
  • 1.6% cashback
  • No minimum spend, no cashback cap
DBS Altitude Visa Signature CardMiles
  • Entry-level miles card with high MPD for flight and hotel transactions
  • Earn DBS Points that don’t expire
HSBC Visa Platinum Credit CardCashback 
  • 5% cash rebate on dining, groceries, and fuel
  • S$600 minimum spend per month
  • 1-for-1 deals with ENTERTAINER
UOB Lady’s CardRewards
  • 10x points for every S$5 spent
  • Change shopping categories every quarter
  • No minimum spend

Remember that to qualify for most welcome promotions, you need to be a new cardholder with the bank. A new cardholder is someone who hasn’t had a card or account from a particular bank before – or at least in the last 12 months.

1. Citi PremierMiles Card

PROMO: Receive a Dyson V8 Slim™ Fluffy (worth S$549) or a Morning Coffee Machine (worth S$510) or a Popsical Remix II with 1 month free subscription (worth S$599) or S$350 cash

Citi Premier Miles Card

The Citi PremierMiles Card is designed for the occasional traveller looking to accumulate miles at their own pace. It offers decent miles earning rates with Citi Miles that never expire.
Read full review
PROMO: Receive a Dyson V8 Slim™ Fluffy (worth S$549) or a Morning Coffee Machine (worth S$510) or a Popsical Remix II with 1 month free subscription (worth S$599) or S$350 cash

Annual Fee: $192.60 (with the option of a first-year fee waiver)

Minimum Income: $30,000 (Singaporean/PR) / $42,000 (non-Singaporean)

If you’re on a mission to collect miles for your next vacation, consider applying for the Citi PremierMiles Card. This is one of the few cards with which you can earn miles on bills like tax payments, insurance premiums, and utilities – categories typically excluded by other banks.

This credit card offers a higher-than-average 1.2 local MPD and between 2 to 10 MPD on overseas and travel-related transactions. There’s no limit to the expiry-free miles you can earn, and Citibank has an excellent range of airline partners you can redeem your miles with.

Best for: Frequent flyers hunting the best value for their hard-earned miles. 

Citibank gives you a longer runway to accumulate miles for your trips and has more frequent flyer partners than most other banks.

Welcome Bonus: Get 30,000 miles right off the bat when you spend S$800 in the first two months.

Current promotion: Receive a Dyson V8 Slim™ Fluffy (worth S$549) or a Morning Coffee Machine (worth S$510) or a Popsical Remix II with 1 month free subscription (worth S$599) or S$350 cash when you spend a minimum of S$500 on eligible goods within 30 days of card approval. (Valid until 18 December 2022) Click to apply.

2. Standard Chartered Smart Credit Card

PROMO: Receive an Airpods Pro Gen 2 (worth S$359) or Dyson AM07 (worth S$499) or S$350 Cash

Standard Chartered Smart Card

This Standard Chartered offering gives you 6% cashback on a short list of qualifying merchants, but read the fine print and you’ll find it’s only for a month. With its great sign-up promotions and lack of annual fees though, it’s not a bad card to have – even if just for a year.

PROMO: Receive an Airpods Pro Gen 2 (worth S$359) or Dyson AM07 (worth S$499) or S$350 Cash

Annual Fee: $0 

Minimum Income Requirement: S$30,000 per year (Singaporean/PR); S$60,000 (foreigner)

No annual fee, no minimum spend, and a 6% cashback rate in the form of Rewards Points on everyday transactions like public transport, Spotify, Netflix, Toast Box, and Subway. 

If you’re a current Standard Chartered customer, you’ll also earn points on your portfolio of Standard Chartered products like your mortgage, deposits, and online transactions. (Just be sure you’re not a Standard Chartered credit card holder while you’re at it if you want to maximise the promotions.)

Best for: Public transport users, digital streaming subscribers, and those who frequent fast food and local coffee spots.

If you regularly shop at Standard Chartered’s list of selected merchants, this is a low-maintenance rewards card. 

Ongoing Promotion: Get an Airpods Pro Gen 2 (worth S$359) or Dyson AM07 (worth S$499) or S$350 cash (Valid till 18 December 2022)

3. American Express Singapore Airlines KrisFlyer Credit Card

PROMO: Receive up to 22,200 Krisflyer miles

American Express KrisFlyer Card

The AMEX KrisFlyer Card is one of the best-known air miles cards that allow cardholders to conveniently earn KrisFlyer miles and enjoy travel privileges. Regular Grab users will find this card especially attractive because every S$1 spent on eligible Grab transactions equals 3.1 KrisFlyer miles.
Fee waiver
enjoy first year annual fee waiver for both Principal (S$176.55) and Supplementary (S$53.50) Cardholders.
5,000 Welcome Miles
receive 5,000 KrisFlyer miles at the first time you charge to the American Express KrisFlyer Card. (Applicable for first-time American Express Singapore Airlines Credit Card applicants only)
5,000 Bonus Miles
receive 5,000 KrisFlyer miles and a complimentary one-night stay at Andaz Singapore with Breakfast for two (worth up to S$440++) with a minimum spend of S$3,000 in the first 3 months. This also means cardholders can earn 3,300 KrisFlyer miles based on 1.1 KrisFlyer miles per S$1 spent locally.
Read full review
PROMO: Receive up to 22,200 Krisflyer miles

Annual Fee: S$176.55 (first year fee waiver)

Minimum Income Requirement: S$30,000 per year (Singaporean/PR); S$45,000 (foreigner)

If you’re a big fan of Singapore Airlines, the AMEX SIA KrisFlyer Credit Card is a fuss-free option allowing you to earn KrisFlyer miles that are credited directly into your account – no conversion fees needed.

This card doesn’t have the most competitive MPD earn rates in the market, but it has some of the best promotional offers for avid travellers. 

Best for: SIA loyalists who want to maximise the KrisFlyer miles they’re earning with promotional offers.

Current promotion: Receive up to 22,200 Krisflyer miles with a minimum spend of S$2,000 within first three months of card approval. (Valid until 31 January 2023) Click to apply.

4. HSBC Revolution Card

PROMO: Receive a Samsonite Prestige 69cm Spinner Exp (worth S$670) or S$200 cashback

HSBC Revolution Credit Card

The HSBC Revolution Credit Card is an excellent option for digitally-savvy working adults who mostly shop locally. While the 10,000 point cap may feel restrictive to high spenders, it’s a fuss-free card that allows you to earn great rewards from the get-go.
No Minimum
Monthly spend required
3%
Cashback up to S$5,000 spend for first 6 months
1.5%
Cashback on dining
Read full review
PROMO: Receive a Samsonite Prestige 69cm Spinner Exp (worth S$670) or S$200 cashback

Annual Fee: None

Minimum Income Requirement: S$30,000 per year (Singaporean/PR); S$40,000 (foreigner)

The HSBC Revolution Card is a no-frills rewards card that doles out HSBC Rewards Points for things most Singaporeans already do, like online shopping and travelling.

This card offers 10X Rewards Points (or 4 miles per dollar) on online and contactless spending. For everything else, you earn 1X Reward points for each dollar spent.

There’s no minimum spend requirement, but your bonus Rewards Points are capped at 9,000 a month – which means you should charge only up to S$1,000 on this card per month if you want to maximise your Rewards Points.

Best for: Online shoppers and those who frequently use contactless payments.

It’s especially suited for young Singaporeans who just started working, since there’s no pressure to spend. It’s also a great card for weekend getaways since you’ll get complimentary travel insurance coverage when you charge your airfare to the card.

Current promotion: Receive a Samsonite Prestige 69cm Spinner Exp (worth S$670) or S$200 cashback when you spend a minimum of S$500 from Card Account Opening Date to the end of the following month. (Valid until 31 December 2022) Click to apply.

5. CIMB Visa Signature Credit Card

PROMO: Receive a XiaoMi Mi Robot Vacuum-mop 2 (worth S$399) or S$250 cash

CIMB Visa Signature Card

The CIMB Visa Signature Card may have niche spending categories like pet care and cruises, but it’s hard to ignore the 10% cashback rate. The minimum spend requirement is easy enough for families who cook for themselves or shop online.
Read full review
PROMO: Receive a XiaoMi Mi Robot Vacuum-mop 2 (worth S$399) or S$250 cash

Annual Fee: None

Minimum Income Requirement: S$30,000 per year (Singaporean/PR)

It’s not every day that you come across a 10% cashback rate, but that’s what you’ll get with the CIMB Visa Signature. Eligible categories include beauty & wellness, online shopping, groceries, pet shops & veterinary services, and – for some reason – cruises.

You’ll notice that entertainment and dining categories aren’t included, but we’re not complaining: there are other cards that offer cashback on those. In any case, there’s a cashback cap of S$100 per month (S$20 per category), so this card is best combined with other high-rebate options anyway.

All other retail purchases will earn 0.2% cashback (with no minimum spend or monthly cap).

Best for: Pet owners and online shoppers.

Current promotion: Receive a XiaoMi Mi Robot Vacuum-mop 2 (worth S$399) or S$250 cash when you spend a minimum of S$988 within 60 days of card approval. (Valid until 8 January 2023) Click to apply.

6. UOB EVOL Card

PROMO: First 300 new-to-UOB cardmembers can get S$300 cash via PayNow

UOB Evol Credit Card

This is a great card for working professionals whose spending is primarily centered on online and contactless spending. The 8% cashback rate is one of the highest in the market and the eligible categories are straightforward and easy to track.
8%
cashback on online spending + mobile contactless payments (capped at S$60/statement month)
Complimentary Insurance
complimentary travel insurance when you charge your fare to your UOB card AND fill out the form before your trip
Bonus Interest
earn bonus interest on your savings when you open a UOB One account with the UOB EVOL
Read full review
PROMO: First 300 new-to-UOB cardmembers can get S$300 cash via PayNow

Annual Fee: $192.60 (automatic fee waiver if you make 3 purchases per month for 12 months)

Minimum Income: $30,000 (Singaporean/PR) / $40,000 (non-Singaporean)

Formerly the UOB YOLO, the UOB EVOL Card is an easy-to-use cashback card for young professionals. The minimum required spend is an achievable S$600 per month and eligible categories include all mobile contactless and online spending. 

There’s a cashback cap of $60 ($20 per category), so you’ll have to do a bit of micromanaging to make sure you’re only spending up to S$250 with the online and mobile payment categories. But it’s easy enough to automate those if, say, you use this as the default card for App Store payments and online shopping, for example.

All other transactions earn you 0.3% cashback.

UOB EVOL Card is also the first in the region to offer over 1,000 sustainable deals on dining and shopping for the eco-conscious consumer.

Best for: Young digitally savvy adults who transact mostly online or pay via contactless methods.

Current promotion: First 300 new-to-UOB cardmembers can get S$300 cash via PayNow when you spend a minimum of S$1,000 for 2 consecutive 30 day periods from the card approval date. (Valid until 31 December 2022) Click to apply.

7. Citi Cash Back+ Card

PROMO: Receive a Dyson V8 Slim™ Fluffy (worth S$549) or a Morning Coffee Machine (worth S$510) or a Popsical Remix II with 1 month free subscription (worth S$599) or S$350 cash

Citi Cash Back+ Card

The Citi Cash Back+ Card sits in the middle of the pack with its unlimited cashback rate and exclusions. Combined with its excellent welcome promotions, this is a card worth considering if you’re new to Citibank.
Read full review
PROMO: Receive a Dyson V8 Slim™ Fluffy (worth S$549) or a Morning Coffee Machine (worth S$510) or a Popsical Remix II with 1 month free subscription (worth S$599) or S$350 cash

Annual Fee: S$192.60 (first year fee waiver)

Minimum Income Requirement: S$30,000 per year (Singaporean/PR); S$42,000 (foreigner)

If you’re looking for a simple, low-maintenance unlimited cashback card, the Citi Cash Back+ Card may fit the bill. You’ll get 1.6% cashback on almost all spending – with the exclusion of certain categories like bill payments, school fees, and prepaid card top-ups.

That 1.6% rate is neither the best nor the worst rate on the market: you’ll find the Citi Cash Back+ Card sits neatly in the middle of the range. But combine that with the card promotions and it’s an enticing offer.

Best for: Those expecting big purchases that other cashback cards wouldn’t cover – or those who don’t want to have to track their spending while still accumulating cashback.

Welcome Bonus: Until 31 January 2023, new-to-Citibank cardmembers earn 10% cashback on the first $3,000 in spending in the first 2 months of card approval. Terms & Conditions apply.

Current promotion: Receive a Dyson V8 Slim™ Fluffy (worth S$549) or a Morning Coffee Machine (worth S$510) or a Popsical Remix II with 1 month free subscription (worth S$599) or S$350 cash with a minimum spend of S$500 on eligible goods and services within 30 days of card approval. (Valid until 18 December 2022) Click to apply.

8. DBS Altitude Card

PROMO: Receive up to 43,000 welcome miles

DBS Altitude Card Visa Signature

The DBS Altitude is an entry-level miles card offering DBS Points that never expire. With its boosted rates for travel-related spending, it’s a great card for younger income earners who have a penchant for travel.
Read full review
PROMO: Receive up to 43,000 welcome miles

Annual Fee: S$180 (first year fee waiver)

Minimum Income Requirement: S$30,000 per year (Singaporean/PR); S$45,000 (foreigner)

If you have a DBS Multiplier Account, you already know that you’ll maximise your interest by getting more DBS products – including a DBS credit card. That makes the DBS Altitude Card a good addition to the travel-savvy spender’s wallet.

The DBS Altitude offers a decent 1.2 MPD on local spend and 2 MPD on overseas spend, but the real appeal is in its partnerships with Kaligo and Expedia. You’ll get 6 MPD on flight and hotel transactions at Expedia and a cool 10 MPD on hotel transactions with Kaligo. Even if you don’t go with either of those, you’ll get 3 MPD on any online flight and hotel transactions (capped at S$5,000 monthly).

DBS Points earned don’t expire, so you can take as long as you want storing up those miles. You can easily convert the points into miles with KrisFlyer or any of the DBS partner airlines.

Best for: Young working adults who enjoy shopping for the best flight and hotel deals.

Current promotion: Receive up to 43,000 welcome miles when you apply online for the Visa Signature or American Express card with the respective promo code and charge the minimum spend of S$4,000 within 60 days from card approval date. (Valid until 1 January 2023) Click to apply.

9. HSBC Visa Platinum Credit Card

PROMO: Receive a Samsonite Prestige 69cm Spinner Exp with built-in scale (S$670) or S$200 cashback

HSBC Visa Platinum Credit Card

The HSBC Visa Platinum was designed for families who drive and dine out frequently. Plus points if you have more family members eligible for supplementary cards – you’ll get cashback per supplementary card.
Read full review
PROMO: Receive a Samsonite Prestige 69cm Spinner Exp with built-in scale (S$670) or S$200 cashback

Annual Fee: S$192.60 (two year fee waiver)

Minimum Income Requirement: S$30,000 per year (Singaporean/PR); S$40,000 (foreigner)

Designed for families with children, the HSBC Visa Platinum Card offers 5% cashback on dining, groceries, and fuel. You’ll earn 1 Reward Point per dollar spent and get access to exclusive Shopee discounts to products for babies and kids.

Shoppers must spend at least S$600 every month in a quarter to enjoy the 5% cashback rates. Cashback is capped at S$250 every quarter, which is about S$83/month.

Like the HSBC Revolution Card, you’ll get S$30 cashback for every supplementary card (max five). Combined with the categories eligible for cashback, that makes the HSBC Visa Platinum best if you have multiple family members who need credit cards.

Best for: Families with a car, as you’ll get the most out of this card with local dining, groceries, and fuel.

Current promotion: New cardholders will receive a Samsonite Prestige 69cm Spinner Exp with built-in scale (S$670) or S$200 cashback when they hit at least S$500 in eligible spending within the first month. Existing HSBC cardmembers receive S$50 cashback instead after fulfilling the same conditions. Valid till 31 December 2022. Click to apply.

10. UOB Lady’s Card

PROMO: Get S$250 Grab Vouchers

UOB Lady’s Card

The UOB Lady’s Card may be the only offering on the market that lets you match high earn rates to your spending habits. The catch is that – of course – it’s for ladies only.
Read full review
PROMO: Get S$250 Grab Vouchers

Annual Fee: S$192.60 (first year fee waiver)

Minimum Income Requirement: S$30,000 per year (Singaporean/PR); S$40,000 (foreigner)

Instead of adapting your shopping habits to maximise card benefits, why not get a card that can adapt to your shopping habits? Open to ladies only, the UOB Lady’s Card lets you choose the category you want to earn 10X UNI$ on (equivalent to 4MPD).

Choose from Travel, Dining, Beauty & Wellness, Family, Fashion, Transport, and Entertainment – you can change your preferred category every quarter. There’s no minimum spend required, but bonus points are capped at 1,800 per month (equal to S$1,000 spend).

Best for: Seasonal spenders (ladies only) who expect major life changes in the next few years – or travel hackers who want 4 MPD on their choice of categories.

Current promotion: Get S$250 Grab Vouchers for the first 100 new-to-UOB Credit cardmembers when you spend a minimum of S$1,500 within 30 days from card approval. (Valid until 31 December 2022) Click to apply.