Best Credit Card Promotions in Singapore (May – Jul 2024): Citibank, DBS, HSBC, UOB, and More

Best Credit Card Promotions in Singapore (May – Jul 2024): Citibank, DBS, HSBC, UOB, and More

This May, we’re giving away Apple iPads (9th Gen)S$450 Lendlease E-Vouchers, up to 85,000 miles…and the list goes on.

Clearly, we’re spoilt for choice when it comes to credit card promotions these days. Lucky for you, banks offering credit cards in Singapore are competing so hard for new customers that they are practically raining Apple products, Nintendo Switches, ergonomic chairs, and other freebies on us. Some welcome gifts are just straight up cold, hard cash!

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

 

Best Credit Card Promotions in Singapore (May 2024)

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

 

An overview: Best credit card promotions in Singapore (May 2024)

This month, credit card promotions are plying you with gifts such as Apple iPads, a Nintendo Switch OLED, Hinomi Q1 Ergonomic Chairs, and more. Here’s a summary:

Credit card  Credit card promotion Minimum spend Promotion valid until
Citi Cash Back+ Mastercard, Citi Cash Back Card, Citi Rewards Card

Your choice of gift:
Apple iPad (9th Gen), 64GB (worth S$508.30)
Apple Watch SE (GPS) 40mm + S$80 Cash (worth S$462.50)
S$420 Lendlease E-Vouchers (can be used at 313@somerset, Jem, Parkway Parade, PLQ)
S$300 Cash via PayNow
Receive your gift in as fast as 6 weeks!

$500 (within 30 days) 20 May 2024
Citi PremierMiles Card Your choice of gift:
Apple iPad (9th Gen), 64GB (worth S$508.30)
Nintendo Switch OLED + S$60 Cash (worth S$609)
$450 Lendlease E-Vouchers (can be used at 313@somerset, Jem, Parkway Parade, PLQ)
– 
$300 Cash via PayNow
Receive your gift in as fast as 6 weeks!
Standard Chartered Simply Cash Credit Card  (1) Tier 1 gifts:
–S$280 Cash via PayNow
– Titan V1 7-Speed Foldable Bike (worth S$399)
– Sony WF-1000XM5 Wireless Noise-Cancelling Headphones (worth $429)
– Samsung 27-inch Smart Monitor M5(worth S$432)

(2) Tier 2 gifts:
– S$330 Cash via PayNow + Extra $20 Cash Bonus
Apple Watch SE (GPS), 40mm (worth S$382.50)
– Hinomi Q1 Ergonomic Chair (worth $499)
– Nintendo Switch OLED (worth S$549)
(1) $500 (within 30 days)
(2) Spend an extra $800 in the next 30 days.
31 May 2024
Standard Chartered Smart Credit Card (1) $100 Cash via PayNow or S$180 eCapita Vouchers
(2) $230 Cash via PayNow or a Sony LinkBuds S Wireless Earbuds (worth S$309)
(1) $200 (within 30 days)
(2) Spend an extra 8000 in the next 30 days.
31 May 2024
Standard Chartered Rewards+ Credit Card
Standard Chartered Journey Credit Card Up to 45,000 miles (with payment of annual fee) or 25,000 miles (annual fee waived)  $3,000 spend within 60 days. 30 Jun 2024
CIMB World Mastercard $188 cashback $988 spend within 60 days 31 Jul 2024
CIMB Visa Signature 
CIMB Visa Infinite
American Express The Platinum Card Get S$200 eCapitaVouchers or Samsonite Choca Spinner 68/25 (worth S$700) on top of 135,000 Membership Rewards points (enough for a return trip to USA West Coast) $6,000 minimum spend and annual fee payment within 60 days 29 May 2024
American Express Singapore Airlines KrisFlyer Ascend Credit Card $300 eCapitaVouchers ($150 eCapitaVouchers for existing cardholders) and up to 17,000 KrisFlyer miles $1,000 spend and annual fee payment within 30 days 29 May 2024
American Express Singapore Airlines KrisFlyer Credit Card Up to 17,000 KrisFlyer miles $500 spend within 30 days 29 May 2024
American Express Platinum Credit Card $400 eCapitaVouchers (up to 58,750 Membership Rewards® points for existing cardholders) +  1,250 Membership Rewards points $1,000 spend and annual fee payment within 30 days. 29 May 2024
American Express True Cashback Card $130 Cash via PayNow $500 spend within 30 days 31 May 2024
The American Express Singapore Airlines Business Credit Card Up to 30,000 HighFlyer points (worth $285) $3,000 spend and annual fee payment within 3 months 31 Jul 2024
UOB One Card $350 cash credit (first 200 new-to-UOB customers) $1,000 spend/month for 2 consecutive months 31 May 2024
UOB Lady’s Card
UOB EVOL Credit Card
UOB Absolute Cashback Card 10% cashback (equivalent to $100) on the first $1,000 spend within 30 days and $350 Cash Credit  $1,000 spend/month for 2 consecutive months  31 May 2024
UOB PRVI Miles Credit Card (MASTERCARD / VISA / American Express) ☆ Up to 50,000 Welcome Miles $1,000 spend/month for 2 months, annual fee payment, and SMS registration 31 May 2024
KrisFlyer UOB Card Up to 31,000 miles and first year annual fee waived $2,000 spend within 60 days 31 May 2024
HSBC Revolution Credit Card  3,950 SmartPoints* or S$150 Cash via PayNow
* Redeem SmartPoints for ANY gift in our Rewards Store!
$500 spend from Card Account Opening Date to end of the following month. 31 May 2024
HSBC Visa Platinum Card  
HSBC Advance Credit Card
HSBC TravelOne Card 
DBS yuu Card (Visa / American Express) $388 cashback (new cardmembers)  $800 spend within 60 days. 31 May 2024
DBS Live Fresh Card
DBS Altitude Card (​​Visa Signature) Up to 53,000 miles $3,000 spend and payment of annual fee within 60 days  19 May 2024
DBS Altitude Card (​​American Express) Up to 60,000 miles 31 May 2024
DBS Vantage Visa Infinite Card Up to 85,000 miles (new cardmembers) / 40,000 miles (existing cardmembers)  $4,000 spend and payment of annual fee within 30 days 31 May 2024
POSB Everyday Card  $388 cashback $800 spend within 60 days 31 May 2024

 

1. Citibank credit card promotion

Looking to sign up for a new Citibank credit card? Well, you’re in luck! This month, Citibank credit card welcome gifts include:

  • Apple iPad (9th Gen), 64GB (worth S$508.30)
  • Apple Watch SE (GPS) 40mm + S$80 Cash (worth S$462.50)
  • S$420 Lendlease E-Vouchers (can be used at 313@somerset, Jem, Parkway Parade, PLQ)

Prefer cold, hard cash? You can also simply opt to receive $300 cash.

All you need to do is sign up for one of the following Citibank credit cards via MoneySmart and spend $500 within 30 days. Once you fulfil the minimum spend criteria, these gifts will be coming to you on the express train—receive your sign-up gift in as fast as 6 weeks!

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

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

[FASTER GIFT FULFILMENT]
Get an Apple iPad (9th Gen), 64GB (worth S$508.30) or a Sony WH-1000XM5 Wireless Noise Cancelling Headphones (worth S$589) or S$420 Lendlease E-Vouchers (can be used at 313@somerset, Jem, Parkway Parade, PLQ) or S$300 Cash via PayNow, in as fast as 6 weeks from meeting the S$500 spend criteria! T&Cs apply.

Valid until 31 May 2024

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

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

[FASTER GIFT FULFILMENT]
Get an Apple iPad (9th Gen), 64GB (worth S$508.30) or a Nintendo Switch OLED + S$60 Cash (worth S$609) or S$450 Lendlease E-Vouchers (can be used at 313@somerset, Jem, Parkway Parade, PLQ) or S$300 Cash via PayNow, in as fast as 6 weeks from meeting the S$500 spend criteria! T&Cs apply.

Valid until 31 May 2024

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

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. Get an Apple iPad (9th Gen), 64GB (worth S$508.30) or an Apple Watch SE (GPS) 40mm + S$80 Cash (worth S$462.50) or S$420 Lendlease E-Vouchers (can be used at 313@somerset, Jem, Parkway Parade, PLQ) or S$300 Cash via PayNow in as fast as 6 weeks!
To qualify, spend a minimum of $500 in “Qualifying Spends” within 30 days from card approval date.
20 May 2024
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.
Citi PremierMiles Card $1 = 1.2 Citi Miles on Local spend and 2 Citi Miles on Foreign currency spend. Citi Miles never expire. Get an Apple iPad (9th Gen), 64GB (worth S$508.30) or a Nintendo Switch OLED + S$60 Cash (worth S$609) or S$450 Lendlease E-Vouchers (can be used at 313@somerset, Jem, Parkway Parade, PLQ) or S$300 Cash via PayNow in as fast as 6 weeks!
To qualify, spend a minimum of $500 in “Qualifying Spends” within 30 days from card approval date.

The Citibank SMRT Card does not have any ongoing promotions, but it’s a great choice for cashback on groceries, online shopping, and SimplyGo transactions.

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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 Simply Cash Credit Card promotion comes up top in terms of cash value. This card is an unlimited cashback card with no cashback cap and no minimum spend.

Standard Chartered logo
MoneySmart Exclusive
1.5% UNLIMITED CASHBACK
Cash Back on Eligible spend
Up to 1.5%
Min. Spend per month
S$0
Cash Back Cap per month
Unlimited
MoneySmart Exclusive:

Get attractive gifts like a Nintendo Switch OLED (worth S$549) or a Hinomi Q1 Ergonomic Chair (worth S$499) or a Apple Watch SE (worth S$382.50) or a Sony WF-1000XM5 Wireless Headphones (worth S$429) or up to S$370 Cash via PayNow* when you apply and meet the relevant spend criteria! T&Cs apply.

Valid until 31 May 2024

This month, upgrade your tech with Sony LinkBuds S Earbuds (worth S$309) or a Lenovo Tab M10 Gen 3 (worth S$299.01) when you apply for the Standard Chartered Smart Credit Card or Standard Chartered Rewards+ Credit Card.

Standard Chartered logo
MoneySmart Exclusive
Earn up to 10X Rewards Points
on Foreign Currency Spend
S$1= 10X Points
on Local Dining Spend
S$1= 5X Points
on All Other Spend
S$1= 1X Point
MoneySmart Exclusive:

Get a Sony LinkBuds S Earbuds (worth S$309) or S$180 eCapita Vouchers or up to S$230 Cash via PayNow when you apply and meet the relevant spend criteria! T&Cs apply.

Valid until 31 May 2024

Standard Chartered logo
MoneySmart Exclusive
Up to 6% Cashback
Cashback from Netflix, Spotify, fast food joints and more. *T&Cs apply.
6%*
Annual Fee
S$0
Minimum Spend
S$0
MoneySmart Exclusive:

Get a Sony LinkBuds S Earbuds (worth S$309) or S$180 eCapita Vouchers or up to S$230 Cash via PayNow when you apply and meet the relevant spend criteria! T&Cs apply.

Valid until 31 May 2024

Here’s a summary of all Standard Chartered credit card promotions this month:

Standard Chartered credit card Key features Promotion Valid until
Standard Chartered Simply Cash Credit Card 1.5% unlimited cashback with no minimum spend TIER 1: Spend $500 with 30 days of card approval to get a Tier 1 gift:
–S$280 Cash via PayNow
– Titan V1 7-Speed Foldable Bike (worth S$399)
– Sony WF-1000XM5 Wireless Noise-Cancelling Headphones (worth $429)
– Samsung 27-inch Smart Monitor M5(worth S$432)
TIER 2: Spend another $800 within the next 30 days to qualify for a Tier 2 gift:
– S$330 Cash via PayNow + Extra $20 Cash Bonus
Apple Watch SE (GPS), 40mm (worth S$382.50)
– Hinomi Q1 Ergonomic Chair (worth $499)
– Nintendo Switch OLED (worth S$549)
31 May 2024
Standard Chartered Smart Credit Card 6% cashback on digital subscriptions, at fast food outlets and daily commutes  TIER 1: Get $100 Cash via PayNow or S$180 eCapita Vouchers when you spend $200 with 30 days of card approval.
TIER 2: Alternatively, get $230 Cash via PayNow or Sony LinkBuds S Wireless Earbuds (worth S$309) when you spend another $800 within the next 30 days.
31 May 2024
Standard Chartered Rewards+ Credit Card 10X Rewards Points per S$1 spent in foreign currency, 5X Rewards Points per S$1 local dining spend
Standard Chartered Journey Credit Card 3 miles per S$1 spent on online Transportation, Food Delivery & Online Grocery transactions Up to 45,000 miles with payment of annual fee and $3,000 spend within 60 days.
OR up to 25,000 miles with annual fee waived and $3,000 spend within 60 days.
30 Jun 2024

The other Standard Chartered credit cards don’t have ongoing sign-up promotions this month. Wondering what happened to the Standard Chartered X Card, with its infamous 100,00 miles sign-up promotion? The X card got X-ed, and has been replaced by the Standard Chartered Journey Credit Card.

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3. CIMB credit card promotion

There are 3 credit cards with an ongoing promotion to get $188 cashback for those new to CIMB credit cards.

The most accessible CIMB credit card is the CIMB World Mastercard, which has a $0 minimum spend per month. Note, however, that you’ll need to hit $1,00 a month to enjoy the card’s higher 2% unlimited cashback rate.

CIMB logo
Online Promo
Unlimited 2% Cashback
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% Unlimited Cashback
S$1,000
Cash Rebate cap
Unlimited

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. Up to $188 cashback with $988 spend within 60 days. 31 Jul 2024
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.

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4. UOB credit card promotions

This month, UOB is full of credit card promotions. Currently, there are 2 main types of UOB credit card promotions—cash credit or welcome miles. 

One of the most accessible UOB credit cards is the $0 minimum spend UOB Absolute Cashback Card, which will get you $350 Cash Credit this month. Plus, get a whopping 10% cashback on transactions you charge in the first 2 calendar months.

UOB logo
MoneySmart Exclusive
Cash Back on Eligible Spend
1.7%
Min. Spend per month
S$0
Cash Back Cap
Unlimited

With a 50,000 miles bonus, the UOB PRVI Miles Card offers one of the biggest miles promotion this month:

UOB logo
MoneySmart Exclusive
Local Spend
S$1 = 1.4 Miles
Overseas Spend
S$1 = 2.4 Miles
Selected Online Hotel and Flight bookings
S$1 = 6 Miles

Here’s a summary of all ongoing UOB credit card promotions this month. Plus, when you apply for the UOB credit cards below and meet the spend criteria, you’ll stand a chance to win a Nintendo Switch OLED (worth S$549)!

UOB credit card Key features Promotion Valid until
UOB One Card Up to 15% rebate on Shopee, Dairy Farm Group, Grab, SP. Get $350 Cash Credit from UOB with S$1,000 per month for 2 consecutive months (first 200 new-to-UOB customers) 31 May 2024
UOB EVOL Credit Card 8% cashback on Online and Mobile Contactless spend with 
UOB Lady’s Card S$5 = 10X UNI$ (or 20 miles) in your preferred category with no min. spend required.
UOB Absolute Cashback Card 1.7% limitless cashback with no minimum spend  10% cashback (equivalent to $100) for the first 2 calendar months and $350 Cash Credit from UOB with S$1,000 spend per month for 2 consecutive months (first 200 new-to-UOB customers) 31 May 2024
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. Up to 50,000 miles with $1,000 spend/month for 2 months, annual fee payment, and SMS registration. 31 May 2024
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
Up to 31,000 miles and first year annual fee waived with $2,000 spend within 60 days. 31 May 2024

At the time of writing, the UOB Preferred Platinum Visa Card and UOB Visa Infinite Metal Card have no ongoing promotions.

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5. HSBC credit card promotions

Check out all the HSBC credit cards for the latest credit card promotions.

Among their cards, 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
MoneySmart Exclusive
Earn up to 4 miles per S$1 | Instant Activation*
on Online Spend and Contactless Payments
S$1 = 10X Points
on All Other Spend
S$1 = 1X Point
for every 10 Points
Earn 4 Miles
MoneySmart Exclusive:

Earn 3,950 SmartPoints or S$150 Cash via PayNow when you apply and spend a min. of S$500 from Card Account Opening Date to end of the following calendar month. T&Cs apply.
 
With 3,950 SmartPoints, unlock your favourite Apple iPhone 15, iPad 10, Macbook Air and more, at unbeatable prices. We've just restocked hot favourites at our Rewards Store, check them out before it's too late!

Valid until 31 May 2024

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. Your choice of gift: 3,950 SmartPoints or S$150 Cash via PayNow
Enjoy ultimate flexibility with SmartPoints—redeem them for ANY gift in our Rewards Store!
Gift eligibility requirements: Spend a minimum of $500 in Qualifying Transactions from Card Account Opening Date to end of the following calendar month.
31 May 2024
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
HSBC TravelOne Card S$1 local spend = 1.2 miles; S$1 on foreign spend = 2.4 miles

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

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6. AMEX credit card promotions

This month, AMEX credit cards are offering up to 135,000 Membership Rewards points with the American Express The Platinum Card—that’s enough for a return trip to Europe, the USA (West Coast), or Canada!

American Express logo
MoneySmart Exclusive
Earn Membership Rewards Points that never expire
for every S$1.60 spent
Earn 2 Membership Rewards® points
for every S$1.60 spent with 10Xcelerator by Membership Rewards®
Earn 20 Membership Rewards® points
on Membership Rewards® Points
No Expiry Date

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

American Express credit card Key feature(s) Promotion Valid until
American Express The Platinum Card $1.60 spend = 2 Membership Rewards Get S$200 eCapitaVouchers or Samsonite Choca Spinner 68/25 (worth S$700) on top of 135,000 Membership Rewards points (enough for a return trip to USA West Coast) with $6,000 minimum spend and annual fee payment within 60 days. 29 May 2024
American Express Singapore Airlines KrisFlyer Ascend Credit Card $1 local spend = 1.2 KrisFlyer miles; S$1 spend on Grab = 3.2 KrisFlyer miles $300 eCapitaVouchers and up to 17,000 KrisFlyer miles (enough for a return trip to Bali) with $1,000 spend and annual fee payment within 30 days. 29 May 2024
American Express Singapore Airlines KrisFlyer Credit Card $1 local spend = 1.1 KrisFlyer miles; S$1 spend on Grab = 3.1 KrisFlyer miles Up to 17,000 KrisFlyer miles (enough to redeem a return trip to Bali) with a minimum spend of $500 within 30 days. 29 May 2024
American Express Platinum Credit Card $1.60 spend = 10 Points at participating Platinum EXTRA Partners / 2X Points on all other spend $400 eCapitaVouchers (up to 58,750 Membership Rewards® points from AMEX for existing cardholders) with $1,000 spend and annual fee payment within 30 days.
Additionally, earn 1,250 Membership Rewards points based on the $1,000 spent above.
29 May 2024
American Express True Cashback Card Unlimited 1.5% cashback (3% for first 6 months with $5,000 spend) Get $130 Cash via PayNow with $500 spend within 30 days. 31 May 2024
The American Express Singapore Airlines Business Credit Card Up to 8.5 HighFlyer Points per S$1 spent on eligible Singapore Airlines Group flights Up to 30,000 HighFlyer points (worth $285) with annual fee payment and $3,000 spend within 3 months.
Plus, enjoy up to $8,850 in Business Savings.
31 Jul 2024

This month, the American Express CapitaCard does not have any ongoing promotions.

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7. DBS credit card promotions

The juiciest DBS credit card sign-up promotions this month are a $388 cashback promotion and a 85,000 miles promotion. The former applies to the DBS yuu Card

DBS logo
Online Promo
at yuu merchants, with no min. spend and no cap
S$1 = 10X yuu Points
when you spend S$600 Qualifying Spend at yuu merchants in a calendar month
Additional bonus 26X yuu Points
on all other spend
S$1 = 1X yuu Point
DBS logo
Online Promo
at yuu merchants, with no min. spend and no cap
S$1 = 10X yuu Points
when you spend S$600 Qualifying Spend at yuu merchants in a calendar month
Additional bonus 26X yuu Points
on all other spend
S$1 = 1X yuu Point

The DBS Vantage Visa Infinite Card comes with a fat miles welcome gift this month, but do note that this is not an entry-level miles card:

DBS logo
Online Promo
Miles or Cashback – you decide
Local Spend
S$1 = 1.5 miles or 1.5% cashback
Overseas Spend
S$1 = 2.2 miles or 2.2% cashback
when you pay the Card's Annual Fee
25,000 Bonus Miles

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

DBS credit card Key feature(s) Promotion Expiry
DBS yuu Card (Visa / American Express) 5% Cash Rebate / 10x yuu Points with no minimum spend and no cap. $388 cashback (new cardmembers) with $800 minimum spend within 60 days. 31 May 2024
DBS Live Fresh Card 5% cashback on Online & Visa contactless spend with $600 minimum monthly spend
DBS Altitude Card (​​Visa Signature) $1 spend at Expedia & Kaligo = 10 miles that never expire  Up to 53,000 miles with $3,000 spend and payment of annual fee within 60 days  19 May 2024
DBS Altitude Card (​​American Express) Up to 60,000 miles with $3,000 spend and payment of annual fee within 60 days  31 May 2024
DBS Vantage Visa Infinite Card 1.5 miles or 1.5% cashback per S$1 local spend; 2.2 miles or 2.2% cashback per S$1 overseas spend Up to 85,000 miles (new cardmembers) / 40,000 miles (existing cardmembers) with $4,000 minimum spend and payment of annual fee within 30 days 31 May 2024

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

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.

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8. POSB Credit Card Promotion

The POSB Everyday Card is a straightforward cash rebates card with (strictly speaking) no minimum spend; certain bonus reward categories require you to spend above $800/month.

As the name suggests, you can apply for the POSB Everyday Card to make the most out of your day-to-day spending. The latest POSB Everyday Card promotion is as fuss-free as the card—$388 cashback when you apply and spend $800 within 60 days.

POSB logo
Online Promo
Earn Cash Rebates that Never Expire
Cash rebates on Online Food Delivery
Up to 10%
Cash Rebates on Groceries from Sheng Siong & RedMart
Up to 5%
Fuel Savings at SPC
Up to 20.1% + 2%

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9. OCBC credit card promotions

At the time of writing, there are no ongoing OCBC credit card sign-up promotions. Watch this space for future promotions!

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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 sometimes even fork out the first year’s annual credit card fee (goodbye, fee waiver!). After all that, banks 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.

 

Psst, we also review credit card promos in Hong Kong! Check out our guide to the Best HK Credit Card Welcome Offers.

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.


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About the author

Vanessa Nah is a personal finance content writer who pens articles on the ins and outs of personal loans, the T&Cs of credit cards, and the ups and downs of alternative investments. She’s a researcher at heart and leaves no stone unturned when it comes to breaking down complex finance concepts and making them easy to understand for the everyday Singaporean. When Vanessa’s not debunking finance myths, you’ll find her attending dance classes, fingerpicking a guitar, or (most impawtently) fulfilling her life mission to make her one-eyed cat the most spoiled and loved kitty in the world.