Best Credit Card Promotions in Singapore (Jan 2023): Citibank, UOB, DBS

Best Credit Card Promotions in Singapore (Jan 2023): Citibank, UOB, DBS

When it comes to credit card promotions these days, we’re spoilt for choice. Banks offering credit cards in Singapore are competing so hard for new customers that they are practically raining Apple products, staycations, cold hard cash and other freebies on us.

But which are the best credit card promotions in Singapore? Here are our picks from Citibank, Standard Chartered, UOB, DBS, and more. 

Contents

      1. An overview
      2. Citibank credit card promotions
      3. Standard Chartered credit card promotions
      4. CIMB credit card promotions
      5. AMEX credit card promotions
      6. UOB credit card promotions
      7. HSBC credit card promotions
      8. DBS credit card promotions
      9. POSB credit card promotions
      10. Credit card promotions—is there a catch?

An overview: Best credit card promotions in Singapore (Jan 2023)

Credit card provider Credit card promotion Minimum spend Promotion valid until
Citibank Apple Watch SE, $380 eCapitaVoucher or $350 Cash $500 (within 30 days) 31 Jan 2023
Standard Chartered $320 cash, Apple Watch SE, or Everdesk+ Lite Black $500 (within 30 days) 26 Jan 2023
Apple AirPods Gen 3 or S$250 Cash $250 (within 30 days)
CIMB Apple AirPods Pro 2nd Generation, $250 Cash or $300 eCapitaVouchers  $988 (within 60 days) 31 Jan 2023
AMEX 17,000 SIA KrisFlyer miles $1,000 (within 30 days) 31 Jan 2023
27,000 SIA KrisFlyer miles $1,000 and annual fee payment (within 30 days)
Apple iPad, Apple Watch Series 8 or $350 Cash $500 and annual fee payment (within 30 days)
Apple Watch SE, $300 eCapitaVouchers or $250 Cash $500 and annual fee payment (within 30 days)
UOB $300 cash credit $1,000 (for 2 months) 31 Jan 2023
44,000 miles $1,000 spend (for 2 months) and annual fee payment
32,000 miles $2,000 spend (within 60 days)
HSBC $328 cash rebate $12,000 Qualifying Spend from now until 5 Feb 2023 5 Feb 2023
DBS $150 cashback $800 (within 60 days) 31 Jan 2023
POSB $150 cashback $800 (within 60 days) 31 Jan 2023

1. Citibank credit card promotion

Looking to sign up for a new Citibank credit card? Well, you’re in luck! Sign up for a Citibank credit card via MoneySmart and spend $500 to get an Apple Watch SE, $380 eCapitaVoucher or $350 Cash. On top of that, you’ll stand a chance to win a Google Prize Bundle worth over S$2,000.

There are 4 Citibank credit cards this promotion applies to. Our top pick is the Citi Cash Back+ Mastercard, an unlimited cashback card with no monthly minimum spend.

Sponsored
Citibank logo
MoneySmart Exclusive
LUCKY DRAW | Faster Gift Redemption
Cash Back on Eligible Spend
1.6%
Min. Spend per month
S$0
Cash Back Cap
Unlimited
MoneySmart Exclusive:

FLASH DEAL: Apply and Spend $500 to get Extra S$50 Cash Bonus PLUS an Apple Watch SE, GPS (2022) (worth S$382.50) OR eCapitaVoucher (worth S$380) OR S$350 Cash via PayNow (worth $400) PLUS stand a chance to win a Google Prize Bundle worth over S$2,000!! T&Cs apply.

Valid until 31 Jan 2023

If you’d prefer a miles card, the Citi PremierMiles Card lets you earn Citi Miles that never expire.

Citibank logo
MoneySmart Exclusive
LUCKY DRAW | 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:

FLASH DEAL: Apply and Spend $500 to get Extra S$50 Cash Bonus PLUS an Apple Watch SE, GPS (2022) (worth S$382.50) OR eCapitaVoucher (worth S$380) OR S$350 Cash via PayNow (worth $400) PLUS stand a chance to win a Google Prize Bundle worth over S$2,000!! T&Cs apply.

Valid until 31 Jan 2023

Here’s a summary of all the Citibank credit cards with this ongoing promotion:

Citibank credit card Key features Promotion Valid until
Citi Cash Back+ Mastercard 1.6% cashback that never expires. No minimum spend required and no cap on cash back. Apple Watch SE, $380 eCapitaVoucher or $350 Cash with $500 minimum spend (within 30 days). 31 Jan 2023
Citi PremierMiles Card $1 = 1.2 Citi Miles on Local spend and 2 Citi Miles on Foreign currency spend. Citi Miles never expire.
Citi Cash Back Card 6% cashback on dining, 8% cashback on groceries and petrol.
Citi Rewards Card 10X Rewards on online purchases, ride-hailing and shopping.

Other Citibank credit cards, such as the Citibank SMRT Card and Citibank Lazada Card, do not have any ongoing promotions.

2. Standard Chartered credit card promotions

There are a few Standard Chartered credit card promotions ongoing this month that are all very enticing. It’s hard to pick the best, but the Standard Chartered Smart Credit Card promotion comes up top in terms of cash value.

Standard Chartered logo
MoneySmart Exclusive
LUCKY DRAW | Faster Gift Redemption
Cashback from Netflix, Spotify, fast food joints and more. *T&Cs apply.
6%*
Annual Fee
S$0
Minimum Spend
S$0
MoneySmart Exclusive:

Apply and spend S$500 to get S$320 Cash via PayNow OR Apple Airpods Pro 2nd Generation (worth S$362.35) OR Titan V1 7 Speed Foldable Bike (worth S$399).

Moreover, stand a chance to win a Google Prize Bundle worth over S$2,000!! PLUS, receive a $20 CASH BONUS by placing your Credit Card on file and making a minimum spend with selected merchants within the first 30 days from card approval. T&Cs apply.

Valid until 31 Jan 2023

For an unlimited cashback card with no cashback cap and no minimum spend, check out the Standard Chartered Simply Cash Credit Card.

Standard Chartered logo
MoneySmart Exclusive
LUCKY DRAW | Faster Gift Redemption
Cash Back on Eligible spend
Up to 1.7%
Min. Spend per month
S$0
Cash Back Cap
Unlimited
MoneySmart Exclusive:

Apply and spend S$250 to get S$250 Cash via PayNow or a Nintendo Switch Lite (worth S$259). PLUS stand a chance to win a Google Prize Bundle worth over S$2,000!! T&Cs apply.

Valid until 31 Jan 2023

Signing up for any of the following Standard Chartered credit cards will also enter you in the lucky draw for the Google Prize Bundle. Here’s a summary of all Standard Chartered credit card promotions this month:

Standard Chartered credit card Key features Promotion Valid until
Standard Chartered Smart Credit Card 6% cashback on digital subscriptions, at fast food outlets and daily commutes  $320 cash, Apple Watch SE, or Everdesk+ Lite Black with $500 minimum spend within 30 days.  26 Jan 2023
Standard Chartered Simply Cash Credit Card 1.5% cashback rate with unlimited cashback and no minimum spend Apple AirPods Gen 3 or S$250 Cash with $250 minimum spend within 30 days.
Standard Chartered Rewards+ Credit Card 10X Rewards Points per S$1 spent in foreign currency, 5X Rewards Points per S$1 local dining spend

The other Standard Chartered credit cards don’t have ongoing sign-up promotions this month. While the 100,000 miles sign-up promotion for the Standard Chartered X Card has ended, you’ll still get 30,000 miles as long as you activate your card and pay the annual fee. 

3. CIMB credit card Promotion

There are 3 ongoing credit card promotions for those new to CIMB credit cards.

The most accessible CIMB credit card is the CIMB World Mastercard, which has a low $0 minimum spend per month. (Note, however, that you’ll need to hit $1,000 a month to enjoy the card’s 2% cashback rate.)

CIMB logo
MoneySmart Exclusive
LUCKY DRAW
Unlimited Cashback on the following categories (Wine & Dine, Online Food Delivery, Movies & Digital Entertainment, Taxi & Automobile, Luxury Goods)
Up to 2%*
Min. spend per month to qualify for 2% Cashback
S$1,000
Cash Rebate cap
Unlimited
MoneySmart Exclusive:

Apply and spend S$988 to receive a free Apple AirPods Pro 2nd Generation (worth S$359) or $250 Cash via PayNow or $300 eCapitaVouchersPLUS stand a chance to win a Google Prize Bundle worth over S$2,000)!! T&Cs apply and Lucky Draw T&Cs Apply.

Valid until 31 Jan 2023

Here are all the CIMB credit card promotions:

CIMB credit card Key feature(s) Promotion Valid until
CIMB World Mastercard 2% unlimited cashback on Wine & Dine, Online Food Delivery, Movies & Digital Entertainment, Taxi & Automobile, Luxury Goods. No annual fees for life. Apple AirPods Pro 2nd Generation, $250 Cash or $300 eCapitaVouchers when you apply via MoneySmart and spend $988 within 60 days.  31 Jan 2023
CIMB Visa Signature 10% cashback on Beauty & Wellness, Online Shopping, Groceries and more, capped at S$100 per month and up to S$20 per category. Minimum spend S$800.
CIMB Visa Infinite 2% unlimited cashback on Travel, Overseas, Online Spend in Foreign Currencies with $2,000 minimum monthly spend.

Apply for any of the CIMB credit cards above to qualify for our Google Giveaway 2023. You’ll stand a chance to win a Google Prize Bundle worth over $2,000! 

4. AMEX credit card promotions

Are you a Singapore Airlines (SIA) loyalist? Or a staunch Apple fan? This month, AMEX credit cards are offering up to 27,000 SIA KrisFlyer miles, an Apple iPad, and the Apple Watch SE if you sign up via MoneySmart. Plus, you’ll enter a lucky draw to win a Google Prize Bundle worth over $2,000.

If you’re a frequent SIA flyer, the AMEX Singapore Airlines KrisFlyer Credit Card might pique your interest. 

American Express logo
MoneySmart Exclusive
LUCKY DRAW | Perks for Frequent Flyers
Local Spend
S$1 = 1.1 Miles
Overseas Spend
S$1 = 2 Miles
on Eligible Grab transactions, capped at $200 per month
S$1 = 3.1 Miles
MoneySmart Exclusive:

Apply and spend to get up to 17,000 worth of KrisFlyer Miles (worth a return trip to Bali via Singapore Airlines). PLUS stand a chance to win a Google Prize Bundle worth over S$2,000!! T&Cs apply and Lucky Draw T&Cs Apply.

Valid until 31 Jan 2023
American Express logo
MoneySmart Exclusive
LUCKY DRAW
Earn 2 Membership Rewards®
Every $1.60 spent
with 10Xcelerator by Membership Rewards®
$1.60 = 20 Membership Rewards® points
Spent with Singapore Airlines and Scoot
$1.60 = 5 Membership Rewards ® points
MoneySmart Exclusive:

Get an Apple iPad 10.9-inch Wi-Fi 64GB (10th Generation, 2022) (worth $649) OR Apple Watch Series 8, 41mm (worth S$599) OR $350 Cash via PayNow when you apply, spend and complete annual fee payment. PLUS stand a chance to win a Google Prize Bundle worth over S$2,000!! T&Cs apply.

Valid until 31 Jan 2023

Here are all the American Express credit card promotions this month:

American Express credit card Key feature(s) Promotion Valid until
American Express Singapore Airlines KrisFlyer Credit Card $1 local spend = 1.1 KrisFlyer miles 17,000 SIA KrisFlyer miles with $1,000 spend within 30 days. 31 Jan 2023
American Express Singapore Airlines KrisFlyer Ascend Credit Card $1 local spend = 1.2 KrisFlyer miles 27,000 SIA KrisFlyer miles with $1,000 spend and annual fee payment within 30 days.
American Express The Platinum Card® $1.60 spend = 2 Membership Rewards® Apple iPad, Apple Watch Series 8 or $350 Cash with $500 minimum spend and annual fee payment within 30 days.
American Express Platinum Credit Card $1.60 spend = 10 Points at participating Platinum EXTRA Partners / 2X Points

on all other spend

Apple Watch SE, $300 eCapitaVouchers or $250 Cash with $500 minimum spend and annual fee payment within 30 days.

While the AMEX Singapore Airlines KrisFlyer Ascend Credit Card will get you 27,000 SIA KrisFlyer miles for the same minimum spend as the AMEX Singapore Airlines KrisFlyer Credit Card, note that you’ll need to pay a S$340.20 (inclusive of 8% GST) credit card annual fee.

Additionally, apply for any of the credit cards in the table above and stand a chance to win a Google Prize Bundle worth over $2,000.

This month, the American Express True Cashback Card and American Express CapitaCard do not have any ongoing promotions.

5. UOB credit card promotions

Currently, there are two main types of UOB credit card promotions—cash credit and miles. 

All the UOB cash credit promotions this month are for $300 cash credit. Among them, the most accessible UOB credit card is the $0 minimum spend UOB Absolute Cashback Card.

UOB logo
Online Promo
Cash Back on Eligible Spend
1.7%
Min. Spend per month
$0
Spend Exclusions
No
Online Promo:
Get S$300 cash credit when you successfully apply for an eligible UOB Credit Card and spend a min. of S$1,000 for 2 consecutive months from your card approval date. T&Cs apply.
Valid until 31 Jan 2023

With a 44,000 miles bonus, UOB’s entry-level miles card offers the biggest miles promotion this month:

UOB logo
Online Promo
Local Spend
S$1 = 1.4 Miles
Overseas Spend
S$1 = 2.4 Miles
Selected Online Hotel and Flight bookings
S$1 = 6 Miles
Online Promo:
Get up to 44,000 miles when you successfully apply for a UOB PRVI Miles Card and spend a min. of S$1,000 on their new UOB PRVI credit card for 2 consecutive months from card approval date. T&Cs apply.
Valid until 31 Jan 2023

Here’s a summary of all ongoing UOB credit card promotions this month:

UOB credit card Key features Promotion Valid until
UOB One Card Up to 15%

Rebate on Shopee, Dairy Farm Group, Grab, SP. Minimum spend of $2,000 per month.

$300 cash credit with $1,000 spend for 2 months 31 Jan 2023
UOB Absolute Cashback Card 1.7% limitless cashback with no minimum spend 
UOB EVOL Credit Card 8% cashback on Online and Mobile Contactless spend with 
UOB PRVI Miles Credit Card (MASTERCARD / VISA / American Express) $1 local spend = 1.4 miles; $1 overseas spend = 2.4 miles. No minimum spend and no cap on earned miles. 44,000 miles with $1,000 spend for 2 months and annual fee payment 31 Jan 2023
KrisFlyer UOB Card $1 = 3 KrisFlyer Miles (with $800 annual spend on Singapore Airlines Group)

$1 = 3 KrisFlyer Miles on Singapore Airlines, SilkAir, Scoot and KrisShop purchases

32,000 miles with $2,000 spend within 60 days  31 Jan 2023

If you’re looking to sign up for the UOB Lady’s Card or the UOB Preferred Platinum Visa Card this month, there are unfortunately no ongoing promotions for them.

6. HSBC credit card promotions

If you plan on doing lots of shopping during the Chinese New Year period, HSBC’s Festive Campaign 2022 is right up your alley. From now till 5 Feb 2023, charge your festive spends to your HSBC credit card to get up to $328 in cash rebate.

There are 3 HSBC credit cards this promotion applies to, but our top pick is the HSBC Revolution Credit Card. The most accessible card with $0 minimum spend, this card is great for earning points through everyday spending.

HSBC logo
Online Promo
Earn Points for Everyday Spending
Rewards
S$1= 10 Points
Rewards
S$1= 4 Miles
Min. Spend
S$0
Online Promo:
Receive up to S$328 in cash rebate when you charge your festive spends to your HSBC credit card from now till 5 Feb 2023. T&Cs apply.
Valid until 05 Feb 2023

Here are all the ongoing HSBC credit card promotions for the month:

HSBC credit card Key feature(s) Promotion Valid until
HSBC Revolution Credit Card 10X Reward points on online purchases and contactless payments. No minimum. spend and no annual fee. $328 cash rebate with $12,000 Qualifying Spend from now until 5 Feb 2023 5 Feb 2023
HSBC Visa Platinum Card 5% cash rebate on local dining and groceries with minimum spend of S$600 monthly in a calendar quarter
HSBC Advance Credit Card 1.5% cashback on local and overseas purchases with no min. spend

There’s no current promotion for the HSBC Visa Infinite Credit Card.

7. DBS credit card promotions

There are currently several DBS credit cards with a $150 cashback promotion. If you’re big on online shopping, the DBS Live Fresh Card is a good choice for a no-fuss cashback card.

DBS logo
Online Promo
Online & Visa Contactless Spend
Cash Back on Online Spend & Visa Contactless
Up to 5%
Min. Spend
S$600
Cash Back Cap
Up to S$75
Online Promo:
Welcome Gift: Get S$150 Cashback when you apply with promo code 150CASH and make the min. spend of S$800 within 60 days of card approval. T&Cs apply.
Valid until 30 Jun 2023

For miles that never expire, consider applying for the DBS Altitude Card. You can get this card as the Visa Signature or American Express variant. 

DBS logo
Online Promo
Earn Miles That Never Expire
Local Spend
S$1 = 1.2 Miles
Overseas Spend
S$1 = 2 Miles
Hotel Transactions at Kaligo
S$1 = 10 Miles
Online Promo:
Welcome Gift: Get S$150 Cashback when you apply with promo code 150CASH and make the min. spend of S$800 within 60 days of card approval. T&Cs apply.
Valid until 30 Jun 2023
DBS logo
Online Promo
Earn Miles That Never Expire
Local Spend
S$1 = 1.2 Miles
Overseas Spend
S$1 = 2 Miles
Hotel Transactions at Kaligo
S$1 = 10 Miles
Online Promo:
Welcome Gift: Get S$150 Cashback when you apply with promo code 150CASH and make the min. spend of S$800 within 60 days of card approval. T&Cs apply.
Valid until 30 Jun 2023

Here’s the full list of ongoing DBS credit card promotions:

DBS credit card Key feature(s) Promotion Expiry
DBS Live Fresh Card 5% cashback on Online & Visa contactless spend with $600 minimum monthly spend $150 cashback with $800 minimum spend within 60 days 31 Jan 2023
DBS Altitude Card (​​Visa Signature / American Express) $1 spend = 10 miles that never expire. Get 10,000 miles upon paying annual fee of $194.40. $150 cashback with $800 minimum spend within 60 days 31 Jan 2023
DBS Woman’s Card 5X DBS Points per S$5 online spend. 1X DBS Points per S$5 / 0.4 miles per S$1 on other spend. $150 cashback with $800 minimum spend within 60 days 31 Jan 2023
DBS Woman’s World Card  10X DBS Points per S$5 / 4 miles per S$1 on online spend $150 cashback with $800 minimum spend within 60 days 31 Jan 2023

A word on the DBS Woman’s and Woman’s World Card: Don’t be fooled by the name. You can apply for these cards no matter your gender.

These other DBS credit cards do not have ongoing sign-up promotions:

8. POSB Credit Card Promotion

The POSB Everyday card is a straightforward cash rebates card with no minimum spend. If you plan on applying for it to make the most out of your day-to-day spending, do so online with promo code 150CASH to get $150 cashback.

POSB logo
Online Promo
Earn Cash Rebates that Never Expire
Cash rebates on food delivery
Up to 10%
Cash Rebates on Utilities and Telecommunications bill payments
Up to 5%
Fuel Savings at SPC
Up to 20.1% + 2%
Online Promo:
Welcome Gift: Get S$150 Cashback when you apply with promo code 150CASH and make the min. spend of S$800 within 60 days of card approval. T&Cs apply.
Valid until 30 Jun 2023

Credit card promotions—is there a catch?

With free AirPods Pro, ergonomic standing desks and thousands of miles raining down on us, you might be wondering: Is there a catch to all these freebies?

Truth is, there is one drawback to signing up for credit card promotions: You won’t be eligible for more freebies in the future. Well, at least for a year. Here’s how it works:

Banks and comparison sites like MoneySmart usually offer the best giveaways for new sign ups. Usually this is defined as people who either:

  • Have never ever owned a credit card from that bank, OR
  • Cancelled their card at least 12 months ago

If you’re thinking of gaming the system by cancelling your card and re-applying, tough luck!

Another thing to note is that you must hit the minimum spend to get your reward. If you’re really lucky, you’ll get your shiny new iPad or cashback immediately upon card approval. However, most banks require you to spend a minimum sum (say, $1,000 in the first month) and will make you wait a few months before you can even smell the freebie.

So what’s the lesson here? Read the T&Cs carefully, and only sign up when you’re confident you can hit the minimum spend.

Read more about the best air miles, cashback, and rewards credit cards! Plus, learn the differences between air miles vs cashback vs rewards credit cards.