No single credit card is better than all others in all classes — or for all people. But by way of appreciation your picks and asking the proper questions, you can find the card that’s the high-quality fit for your spending habits and credit score situation. In a nutshell, picking the best credit card is simple if you know your top priority, which could be improving your credit, paying less interest, getting cash back or earning travel rewards.
If you’re thinking about applying for a new credit card, you’re probably wondering, “What is the best credit card for me?” The answer depends on your primary purpose for the card.
Let's take a look first on the Top 5 list of Best Credit Card in Singapore 2019
The American Express True Cashback Card
The American Express® True Cashback Card is a cool cashback credit score card to get if you earn $30,000 or greater per year. This card lets you earn 1.5% cashback on all your purchases in nearby SGD currency, with no minimal required spending and no limit to how much cashback you can earn!
Standard Chartered Unlimited Cashback Credit Card
Standard Chartered Unlimited Cashback Credit Card is another outstanding cashback savings card that lets you earn limitless cashback the convenient way. This card lets you earn a flat fee 1.5% cashback on all eligible spending with no cashback cap and no minimal spend.
CitiBank Rewards Card VISA
Citibank's flagship rewards credit card is an attractive option if you spend a lot of money on fashion. With this card you can get either 10X Rewards Points or 4 Miles for every $1 that you spend on clothes, bags and shoes or at department stores and online shopping websites.
Citi PremierMiles Visa Card
Citi PremierMiles Visa Card is a deposit card from Citibank that rewards you with 2 Citi Miles for each $1 of purchases you make overseas, and 1.2 Citi Miles for each and every $1 that you spend in Singapore. This card made it to our top 7 due to the fact it lets you earn up to 10 Citi Miles per $1 spent on on-line tour bookings.
Citi CashBack Card
Citi Cash Back Card is an excellent all-round cashback savings card for human beings who choose charging the whole lot to the identical credit card. This credit card lets you earn a whopping 8% cashback on petrol, groceries, dining so long as you accumulate a complete retail spend of $888 or extra in a announcement month.
Here are 5 five SIMPLE steps to help you identify your priorities and understand the factors you should consider when choosing a credit card
Consider your CREDIT
Card issuers typically use your savings ratings as a issue when finding out whether or not to provide you a card. Once you know your scores, you can follow for cards that you’re greater probable to get permitted for, which capacity that the challenging inquiry would be worth it. That capability you’ll have a higher risk of fending off the needless challenging credit inquiry that you’d get via applying for a card and being rejected. Hard inquiries should damage your scores.
Decide whether you will pay off your card every month or carry a balance
If you commonly lift a stability or diagram to carry one on your new card, your pinnacle precedence must be a low annual share rate, or APR. With an APR of 15% and the same month-to-month $120 payments, you’d pay about $881 in interest, saving $257. And you’d pay off your balance in about three years and one month.
Know whether you want to transfer a balance
If you design to transfer a stability from a card you already have, you need to evaluate balance transfer offers for exceptional cards to discover one you like. Some elements to think about when deciding on a stability transfer card include: -The fee you’re currently paying -Whether the new card has an introductory APR offer -The fee you’ll pay after the intro APR offer expires
Choose which types of rewards you want
If you want CashBack! Cash returned playing cards can help you earn cash back for your day by day purchases.
If you want Miles! You can use a credit card that gives you miles for every dollar you spend. These miles can be used to redeem for flights. If you travel at least once every two years, using a miles card like the Citibank PremierMiles Card will be useful.
Chase Sapphire Preferred Card
There are loads of preferences if you decide upon to earn travel rewards or points. With the Chase Sapphire Preferred® Card, you can earn 50,000 bonus factors if you spend $4,000 on purchases in the first 3 months from account opening.
Additional Factors You May Include: Compare Credit Cards for Everyday Use
When comparing the quality credit cards for rewards, it is regularly a proper preference to combine a couple of credit playing cards every specializing in a particular spending type or card function that first-class suits your lifestyle. Points credit score cards, on the other hand, are extra bendy as they can be used to either get cash rebates on specific merchants or convert points into miles to redeem free flight tickets.
Find a card that suits your spending habits. Think about your present day lifestyle and spending habits. Plan how to use your credit score card benefits. Credit cards come with an entire bunch of benefits, so assume about which benefits you honestly want to use. Check the Terms & Conditions. Find out all you can about terms and conditions like expiry dates, exclusions, minimum spend, deposit limit, etc. Be sure to ask a bank rep to make clear if you don’t see solutions anywhere.
For individuals who aren't so recognizable with credit cards at the minute, there are trade credit cards, low interest credit cards and indeed student credit cards that cater to distinctive fragments of shoppers in Singapore.
Choosing a new credit card is all about figuring out what your financial needs are and what type of card will work best for you. Once you’ve made that top-level decision, you’ll be ready to research specific cards, compare offers and benefits, and apply for a card you like.