Promotions come in a variety of forms. Generally speaking, they are used to draw the attention of potential spenders and cause them to choose their credit card for the sake of the once-off promotion. The promotion could be anything from a one-year annual fee waive to a nice piece of luggage.
|Credit Card Name||Card Promotion||Valid Until|
|Unlimited Cashback Credit Card|
(Standard Chartered Bank)
|Up to S$100 cashback||30 September 2020|
|American Express® Singapore|
Airlines KrisFlyer Credit Card
|Receive up to 18,500 KrisFlyer Miles||30 September 2020|
|Citi Rewards Card||30,000 Citi ThankYouSM Points||01 September 2020|
|HSBC Visa Platinum Credit Card||Free Samsonite Prestige 69cm|
Spinner (worth S$670)
|Limited time only|
|UOB PRVI Miles Card||Exclusive discounts with the Visa|
Luxury Hotels Collection
|Limited time only|
There are three main promotion types that you should be aware of in Singapore:
Many credit cards offer bonuses for those who are signing up for the first time. Keep track of credit cards that might be useful to you and snap them up when one of these offers turns up!
Airlines that are in need of quick cash will often throw crazy miles rewards around. Make sure to sign up for these deals if you are a regular flyer!
Swapping credit cards for short-term rewards is generally a bad idea. However, a credit card that has the same or better long-term rewards, as well as those short-term ones, should work out well!
Bear in mind that regular swaps will have an impact on your credit score as well. The lower your credit score, the worse offers you will get stuck with in the future!
The best credit card promo for you is one that improves upon a deal that already fits your spending habits. Make sure you don’t take a promotional offer that you do not need. What is great for one person may be useless for another.
We have a fantastic app called MoneySmart that does it all for you! Make sure to favourite the page so that you can always keep up to date.
It may seem like an advantage to have multiple credit cards with many different benefits. However, this can cause issues such as losing track of your debts, credit card fraud issues, etc. It can also be difficult to keep up with the minimum spend for each of those cards, causing some of them to be wasted.