4 Ways to Decide Which Credit Card Works Best for Your Year-End Holiday

4 Ways to Decide Which Credit Card Works Best for Your Year-End Holiday

Can you believe it? There are only 7 more weeks left to the end of this crazy rollercoaster year, and I for one cannot wait to end the year on a good note, and preferably on an actual rollercoaster. And no, I don’t mean the ones in Sentosa. I’m thinking somewhere much, much further away. But if you haven’t started planning your overseas trip, like me, here are some tips on how the right credit card can help you decide where to go by maximising its benefits.

 

1. Use a credit card that rewards you when making your flight booking

Gone are the days where the preferred way to travel was to book a package with an agency. More and more, the ability to customise your flights and accommodation (while saving money in the process!) has become easier and more convenient via sites like Expedia.

But don’t just use any random credit card when making your booking. Here are some credit cards that reward you for making your travel plans:

The UOB PRVI Miles Card earns you 6 Miles for every $1 spent on airline bookings on Expedia and the bank’s own site, UOB Travel. You’ll even get a welcome bonus of 12,000 miles if your spending amounts to $4,000 within the first 2 months your card gets approved. That’s rather easy to achieve considering how quickly your money disappears when you’re travelling to countries further than Thailand.

UOB logo
High Miles Earn Rate
Local Spend
S$1 = 1.4 Miles
Overseas Spend
S$1 = 2.4 Miles
Selected Online Hotel and Flight bookings
S$1 = 6 Miles

The DBS Altitude Card earns you 3 Miles for every $1 spend on online airline bookings, regardless of airline.

DBS logo
Online Promo
Earn Miles That Never Expire
Local Spend
S$1 = 1.2 Miles
Overseas Spend
S$1 = 2 Miles
Staycation bookings
S$1 = 10 Miles
Online Promo:
Up to 34,000 miles with promo code ALTVIS and make a min. spend of S$4,000 within 60 days of card approval. Valid till 30 June 2022. T&Cs apply.
Valid until 30 Jun 2022

Some credit cards reward you for flying with a specific airline. For example:

The American Express Singapore Airlines KrisFlyer Ascend Credit Card allows you to earn 2 Miles per $1 spent flying (surprise, surprise) Singapore Airlines or SilkAir.

American Express logo
MoneySmart Exclusive
Convenience & Perks for Frequent Flyers
Local Spend
S$1 = 1.2 Miles
Overseas Spend
S$1 = 2 Miles
Grab rides
S$1 = 3.2 Miles
MoneySmart Exclusive:

Apply and spend S$500 to get S$250 Cash via PayNow OR an Apple Watch SE (worth S$419) OR an  Accor+ Explorer, 1 year membership (worth S$408). T&Cs apply.

Valid until 31 May 2022

If you’re not the type to get bitten by the travel bug and therefore don’t like earning miles that you’ll probably not be able to use, consider earning cashback rebates instead.

The other alternative then is the American Express True Cashback Card, which earns a flat 1.5% cashback rebate. However, since there’s no cashback cap and no minimum spend, it’s perfect for large travel transactions.

American Express logo
Online Promo
Unlimited Cashback
Welcome Offer (min spend of S$5,000 in 6months)
3.0% Cashback
Cash Back Cap
Unlimited
Min. Spend per month
S$0
Online Promo:
Receive S$80 CapitaVouchers on S$250 spend within the first month of Card approval. T&Cs Apply.
Valid until 31 May 2022

 

2. Use a credit card that rewards you when making your hotel booking

While Expedia allows you to book both your flights and hotel in the same website, other sites like Agoda are exclusively for hotel and resort bookings. Sure, it may be a little inconvenient to book your hotel separately from your flights, but depending on your credit card, this might end up rewarding you more. Here are some examples:

Citibank logo
MoneySmart Exclusive
Faster Gift Redemption
Local Spend
S$1 = 1.2 Miles
All Foreign Currency Spend including Retail and Online
S$1 = 2 Miles
Selected Online Hotel Bookings
S$1 = Up to 10 Miles
MoneySmart Exclusive:

Apply and spend S$500 to get S$350 Cash OR an Apple iPad 10.2" Wi-Fi (worth S$499) OR an Apple AirPods Pro + S$100 Cash (worth S$479) OR an Nintendo Switch OLED (worth S$549) as soon as 6 weeks from Credit Card approvalT&Cs apply.

Valid until 31 May 2022

The Citi PremierMiles Card lets you earn 10 Miles per $1 spent on hotel booking site Kaligo.com till the end of December.

Citibank logo
MoneySmart Exclusive
Faster Gift Redemption
Local Spend
S$1 = 1.2 Miles
All Foreign Currency Spend including Retail and Online
S$1 = 2 Miles
Selected Online Hotel Bookings
S$1 = Up to 10 Miles
MoneySmart Exclusive:

Apply and spend S$500 to get S$350 Cash OR an Apple iPad 10.2" Wi-Fi (worth S$499) OR an Apple AirPods Pro + S$100 Cash (worth S$479) OR an Nintendo Switch OLED (worth S$549) as soon as 6 weeks from Credit Card approvalT&Cs apply.

Valid until 31 May 2022

The UOB PRVI Miles Card earns you 10 Miles for every $1 spent on Kaligo, and 6 Miles for every $1 spent on hotels on Expedia and Agoda. If you’re a visa cardmember, you’ll also enjoy VIP privileges such as automatic room upgrades etc, at over 900 prestigious hotels like Mandarin Oriental and Park Hyatt.

UOB logo
High Miles Earn Rate
Local Spend
S$1 = 1.4 Miles
Overseas Spend
S$1 = 2.4 Miles
Selected Online Hotel and Flight bookings
S$1 = 6 Miles

The DBS Altitude Card earns you 13 Miles for every $1 spent on Kaligo, and 3 Miles for every $1 spend on online hotel bookings, including Agoda and Expedia and even Airbnb!

DBS logo
Online Promo
Earn Miles That Never Expire
Local Spend
S$1 = 1.2 Miles
Overseas Spend
S$1 = 2 Miles
Staycation bookings
S$1 = 10 Miles
Online Promo:
Up to 34,000 miles with promo code ALTVIS and make a min. spend of S$4,000 within 60 days of card approval. Valid till 30 June 2022. T&Cs apply.
Valid until 30 Jun 2022

 

3. Use a credit card that rewards you for spending overseas

Several of the credit cards mentioned above earn you air miles at a faster rate for overseas spending:

DBS logo
Online Promo
Earn Miles That Never Expire
Local Spend
S$1 = 1.2 Miles
Overseas Spend
S$1 = 2 Miles
Staycation bookings
S$1 = 10 Miles
Online Promo:
Up to 34,000 miles with promo code ALTVIS and make a min. spend of S$4,000 within 60 days of card approval. Valid till 30 June 2022. T&Cs apply.
Valid until 30 Jun 2022

The DBS Altitude Card currently has a promotion, earning you 2 Miles per $1 spent overseas. If your overseas spend falls between $2,500 to $5,000, they’ll reward you with an extra 2 bonus miles per $1. That’s 4 miles per $1 spent overseas! Note that there is a cap of 2,000 per calendar month.

DBS logo
Online Promo
Earn Miles That Never Expire
Local Spend
S$1 = 1.2 Miles
Overseas Spend
S$1 = 2 Miles
Staycation bookings
S$1 = 10 Miles
Online Promo:
Up to 34,000 miles with promo code ALTVIS and make a min. spend of S$4,000 within 60 days of card approval. Valid till 30 June 2022. T&Cs apply.
Valid until 30 Jun 2022

The UOB PRVI Miles Card earns 2.4 Miles per $1 spent overseas. You’ll also get a $45 rebate off your limousine ride to Changi Airport when you charge $1,000 of your holiday expenditure to the card.

UOB logo
High Miles Earn Rate
Local Spend
S$1 = 1.4 Miles
Overseas Spend
S$1 = 2.4 Miles
Selected Online Hotel and Flight bookings
S$1 = 6 Miles

Of course, when using your credit card overseas, you should always take the necessary precautions. Ensure that your bank is aware of your travel plans so that they can allow your card to be used overseas, and always be on the watch for fraudulent transactions.

Another thing to look out for would be the additional charges that you’ll incur when using a credit card overseas. As a rule, you should charge the card in a foreign currency and reject any option to pay in Singapore dollars.

4. Take advantage of your credit card to enjoy airport lounge access

Since you’re already planning to use your credit card to enjoy your travel, why not enjoy airport lounge access all over the world as well? That’s right. By signing up for some credit cards, you will be eligible for Priority Pass membership, which gives you access to over 700 VIP lounges in hundreds of cities worldwide.