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

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

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, Nintendo Switches, ergonomic chairs, 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. 

Best Credit Card Promotions in Singapore (Jan – Feb 2024)

      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. OCBC credit card promotions
      11. Credit card promotions—is there a catch?

 

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

Credit card  Credit card promotion Minimum spend Promotion valid until
Citi Cash Back+ Mastercard, Citi Cash Back Card, Citi Rewards Card, Citi PremierMiles Card  Choose ANY gift from our Rewards Store with the 5,100 SmartPoints you’ll earn, including:
Apple 10.2-inch iPad Wi-Fi, 64GB (5,040 SmartPoints)
Sony WH-1000XM5 Wireless Noise Cancelling Headphones (4,990 SmartPoints)
ErgoTune Supreme V3 (5,000 SmartPoints)
Nintendo Switch OLED (5,000 SmartPoints)
Alternatively, get $300 Cash via PayNow. 
$500 (within 30 days) 29 Feb 2024
Standard Chartered Simply Cash Credit Card  (1) Up to $350 cash or 4,500 SmartPoints
(2) Up to $350 cash or 5,000 SmartPoints
Redeem your SmartPoints for gifts such as:
Apple 10.2-inch iPad Wi-Fi, 64GB (5,040 SmartPoints)
Sony WH-1000XM5 Wireless Noise Cancelling Headphones (4,990 SmartPoints)
ErgoTune Supreme V3 (5,000 SmartPoints)
Nintendo Switch OLED (5,000 SmartPoints)
(1) $500 (within 30 days)
(2) Spend an extra $500 in the next 30 days.
29 Feb 2024
Standard Chartered Smart Credit Card (1) Up to $100 cash or 1,600 SmartPoints
(2) Up to $230 cash or 1,890 SmartPoints
Redeem your SmartPoints for gifts such as:
Amazon Kindle (1,800 SmartPoints)
FitBit Inspire 3 (1,480 SmartPoints)
Logitech MX Master 3 Advanced Wireless Mouse (1,890 SmartPoints)
(1) $200 (within 30 days)
(2) Spend an extra $1,000 in the next 30 days.
29 Feb 2024
Standard Chartered Rewards+ Credit Card
Standard Chartered Journey Credit Card Up to 45,000 miles (with payment of annual fee) or 35,000 miles (annual fee waived)  $3,000 spend within 2 months. 31 Mar 2024
CIMB World Mastercard Hinomi Q1 Ergonomic Chair (worth S$499),  Samsung 27-inch Smart Monitor M5 (worth S$432), Sony WF-1000XM5 Wireless Noise Cancelling Headphones (worth S$429) or $280 Cash $988 spend within 60 days. 29 Feb 2024
CIMB Visa Signature
CIMB Visa Infinite
American Express The Platinum Card 135,000 Membership Rewards points (sufficient for a Return Trip to Europe, the USA, or Canada) and either $200 eCapitaVouchers or a Samsonite Choca Spinner 68/25 (worth S$700)  $6,000 minimum spend and annual fee payment within 60 days 28 Feb 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 28 Feb 2024
American Express Singapore Airlines KrisFlyer Credit Card $100 eCapitaVouchers and up to 17,000 KrisFlyer miles $500 spend within 30 days 28 Feb 2024
American Express Platinum Credit Card $400 eCapitaVouchers ($200 eCapitaVouchers for existing cardholders) $888 spend and annual fee payment within 30 days. 28 Feb 2024
American Express True Cashback Card $150 cash via PayNow $500 spend within 30 days 28 Feb 2024
The American Express Singapore Airlines Business Credit Card Up to 68,000 HighFlyer points (worth S$647) OR Samsonite Choca Spinner 68/25 Luggage (worth S$700) + 10,800 HighFlyer points (worth S$102) $6,000 spend within 3 months 28 Feb 2024
UOB One Card  Up to 15% cashback and $350 Grab vouchers $1,000 spend/month for 2 consecutive months 29 Feb 2024
UOB Absolute Cashback Card $350 Grab vouchers (first 200 new-to-UOB customers) $1,000 spend/month for 2 consecutive months  29 Feb 2024
UOB EVOL Credit Card
UOB Lady’s Card
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 29 Feb 2024
KrisFlyer UOB Card  Up to 31,000 miles and first year annual fee of S$196.20 (inc GST) waived $2,000 spend within 60 days 31 Mar 2024
HSBC Revolution Credit Card ★  Nintendo Switch Lite (worth S$309), Nespresso Vertuo Pop Coffee Machine (worth S$249), S$280 GrabGifts Vouchers, S$250 Cash via PayNow $500 spend from Card Account Opening Date to end of the following month. 12 Jan 2024
HSBC Visa Platinum Card ★ 
HSBC Advance Credit Card ★ 
HSBC TravelOne Card ★ 
DBS yuu Card (Visa / American Express) $388 cashback (new cardmembers) or $60 cashback (existing cardmembers) $800 spend within 60 days 31 May 2024
DBS Altitude Card (​​Visa Signature / American Express) Up to 60,000 miles $3,000 spend and payment of annual fee within 60 days  31 May 2024
DBS Vantage Visa Infinite Card Up to 85,000 miles $4,000 minimum 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

★ Stand a chance to win an additional $588 in cash with selected HSBC credit cards:

  • Stand to win an extra S$500 Cash Bonus when you are 1 of 3 successful claims at 2pm and 9pm daily from now till 19 Feb 2024.
  • Stand to win an S$88 Cash Bonus from now till 29 Feb when you meet the giveaway criteria.

 

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 are coming with the ultimate flexibility—earn 5,040 SmartPoints and choose any gift at our Rewards Store, including:

  • Apple 10.2-inch iPad Wi-Fi, 64GB (5,040 SmartPoints)
  • Sony WH-1000XM5 Wireless Noise Cancelling Headphones (4,990 SmartPoints)
  • ErgoTune Supreme V3 (5,000 SmartPoints)
  • The Morning Machine (works with Nespresso capsules) (5,000 SmartPoints)
  • Nintendo Switch OLED (5,000 SmartPoints)

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.

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 REWARDS REDEMPTION | SONY PS5 FLASH DEAL
Cash Back on Eligible Spend
1.6%
Min. Spend per month
S$0
Cash Back Cap per month
Unlimited
MoneySmart Exclusive:

[FLASH DEAL: WIN A SONY PS5]
Stand a chance to win a Sony PlayStation®5 SLIM Digital Edition (CFI-2018B01) (worth S$669) on top of your baseline gifts when you are one of 3 successful claims at 2pm & 9pm daily!
 
Unlock Exclusive Rewards
The rest can still earn 5,040 SmartPoints or S$300 cash when you apply and meet the minimum spend within 30 days from card approval date. T&Cs apply.
 
Why Choose SmartPoints?
Enjoy the ultimate flexibility to redeem ANY gift at our Rewards Store.
Short on points? Simply pay the difference with cash, and grab your desired gift today!

Valid until 26 Feb 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 REWARDS REDEMPTION | SONY PS5 FLASH DEAL
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:

[FLASH DEAL: WIN A SONY PS5]
Stand a chance to win a Sony PlayStation®5 SLIM Digital Edition (CFI-2018B01) (worth S$669) on top of your baseline gifts when you are one of 3 successful claims at 2pm & 9pm daily!
 
Unlock Exclusive Rewards
The rest can still earn 5,100 SmartPoints or S$300 cash when you apply and meet the minimum spend within 30 days from card approval date. T&Cs apply.
 
Why Choose SmartPoints?
Enjoy the ultimate flexibility to redeem ANY gift at our Rewards Store.
Short on points? Simply pay the difference with cash, and grab your desired gift today!

Valid until 26 Feb 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.

Choose ANY gift from our Rewards Store with the 5,040 SmartPoints you’ll earn, including:

  • Apple 10.2-inch iPad Wi-Fi, 64GB (5,040 SmartPoints)
  • Sony WH-1000XM5 Wireless Noise Cancelling Headphones (4,990 SmartPoints)
  • ErgoTune Supreme V3 (5,000 SmartPoints)
  • Nintendo Switch OLED (5,000 SmartPoints)

Alternatively, get $300 Cash via PayNow.
To qualify, spend a min. of $500 in “Qualifying Spends” within 30 days from card approval date.

29 Feb 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.

The Citibank SMRT Card does not have any ongoing promotions.

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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:

Unlock Exclusive Rewards
Earn 4,500 SmartPoints or up to S$350 cash* when you apply and meet the minimum spend within 1 month from card approval date. T&Cs apply.
 
Why Choose SmartPoints? 
Enjoy the ultimate flexibility to redeem ANY gift at our Rewards Store.
Short on points? Simply pay the difference with cash, and grab your desired gift today!

Valid until 29 Feb 2024

This month, you can get tiered gifts from applying for the Standard Chartered Simply Cash Credit Card. Spend $500 within the first month to get $330 cash or 4,500 SmartPoints. If you spend another $500 within the next month, you’ll get an additional 500 bonus SmartPoints.

Alternatively, get the Standard Chartered Rewards+ Credit Card or Standard Chartered Smart Credit Card and spend $200 in 30 days. to receive $100 cash or 1,600 SmartPoints. Spend an additional $1,000 within the next 30 days to get a total of $230 cash or 1,890 SmartPoints instead. Use these SmartPoints to redeem gifts like a Logitech Wireless MX 3 mouse, an Amazon Kindle, a FitBit Luxe, and more. You get to choose the gift you want!

Standard Chartered logo
MoneySmart Exclusive
EARN SMARTPOINTS | 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:

Earn up to 1,890 SmartPoints or up to S$250 cash* when you apply, and spend a minimum of S$200 in "Qualifying Spends" within 30 days from card approval date, followed by another S$1,000 in "Qualifying Spends" within the following 30 calendar days.

Customers who choose SmartPoints will be free to choose ANY gift of choice at our Rewards Store. Enjoy ultimate flexibility today! T&Cs apply.

Valid until 29 Feb 2024

Standard Chartered logo
MoneySmart Exclusive
EARN SMARTPOINTS | 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:

Earn up to 1,890 SmartPoints or up to S$250 cash* when you apply, and spend a minimum of S$200 in "Qualifying Spends" within 30 days from card approval date, followed by another S$1,000 in "Qualifying Spends" within the following 30 calendar days.

Customers who choose SmartPoints will be free to choose ANY gift of choice at our Rewards Store. Enjoy ultimate flexibility today! T&Cs apply.

Valid until 29 Feb 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

Up to $350 cash or 4,500 SmartPoints with $300 spend within 30 days. Spend an additional $500 in the next 30 days for up to $330 cash or 5,000 SmartPoints in total.

Redeem your SmartPoints at our Rewards Store for gifts like:

  • Apple 10.2-inch iPad Wi-Fi, 64GB (5,040 SmartPoints)
  • Sony WH-1000XM5 Wireless Noise Cancelling Headphones (4,990 SmartPoints)
  • ErgoTune Supreme V3 (5,000 SmartPoints)
  • Nintendo Switch OLED (5,000 SmartPoints)
29 Feb 2024
Standard Chartered Smart Credit Card 6% cashback on digital subscriptions, at fast food outlets and daily commutes  Get $100 cash or 1,600 SmartPoints with $200 minimum spend within 30 days. Spend an extra $1,000 in the next 30 days for up to $230 cash or 1,890 SmartPoints instead.
Redeem your SmartPoints at our Rewards Store for gifts like a Logitech Wireless MX Master 3 mouse (1,890 SmartPoints), an Amazon Kindle (1,800 SmartPoints), and more.
29 Feb 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 2 months.
Up to 25,000 miles with annual fee waived and $3,000 spend within 60 days.
31 Mar 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 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 $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
MoneySmart Exclusive
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
MoneySmart Exclusive:

Get a Hinomi Q1 Ergonomic Chair (worth S$499) or a Samsung 27-inch Smart Monitor M5 (worth S$432) or a Sony WF-1000XM5 Wireless Noise Cancelling Headphones (worth S$429) or S$280 Cash via PayNow when you apply and spend a min of S$988. T&Cs apply.

Valid until 29 Feb 2024

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. Hinomi Q1 Ergonomic Chair (worth S$499) or a Samsung 27-inch Smart Monitor M5 (worth S$432) or Sony WF-1000XM5 Wireless Noise Cancelling Headphones (worth S$429) or S$280 Cash with $988 spend within 60 days. 29 Feb 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. 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
Online Promo
No Expiry on Membership Rewards® Points
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 135,000 Membership Rewards points (sufficient for a Return Trip to Europe, the USA, or Canada) and either $200 eCapitaVouchers or a Samsonite Choca Spinner 68/25 (worth S$700) with $6,000 minimum spend and annual fee payment within 60 days. 28 Feb 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 (S$150 eCapitaVouchers for existing cardholders) and up to 17,000 KrisFlyer miles with $1,000 spend and annual fee payment within 30 days. 28 Feb 2024
American Express Singapore Airlines KrisFlyer Credit Card $1 local spend = 1.1 KrisFlyer miles; S$1 spend on Grab = 3.1 KrisFlyer miles S$100 eCapitaVouchers and up to 17,000 KrisFlyer miles (enough to redeem a Return Trip to Bali) with a minimum spend of $500 within 30 days. 28 Feb 2024
American Express Platinum Credit Card $1.60 spend = 10 Points at participating Platinum EXTRA Partners / 2X Points on all other spend $400 eCapitaVouchers ($200 eCapitaVouchers for existing cardholders) with $888 spend and annual fee payment within 30 days. 28 Feb 2024
American Express True Cashback Card Unlimited 1.5% cashback (3% for first 6 months with $5,000 spend) $150 cash with $500 spend within 30 days. 28 Feb 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 (1) Up to 68,000 HighFlyer points (worth S$647) OR (2) Samsonite Choca Spinner 68/25 Luggage (worth S$700) + 10,800 HighFlyer points (worth S$102) with $6,000 spend within 3 months. 28 Feb 2024

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

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5. 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.

UOB logo
Online Promo
Get Unlimited 1.7% Cashback
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
Online Promo
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

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. Up to 15% cashback and $350 Grab vouchers with $1,000 spend/month for 2 consecutive months 29 Feb 2024
UOB Absolute Cashback Card 1.7% limitless cashback with no minimum spend  $350 Grab vouchers with $1,000 spend/month for 2 consecutive months (first 200 new-to-UOB customers) 29 Feb 2024
UOB EVOL Credit Card 8% cashback on Online and Mobile Contactless spend with 
UOB Lady’s Card Up to 30 miles per S$5 spent on your preferred category with no min. spend required.
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. 29 Feb 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 of S$196.20 (inc GST) waived with $2,000 spend within 60 days. 31 Mar 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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6. 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
HSBC GIVEAWAY: UP TO S$338 CASH
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:

[FLASH DEAL: WIN UP TO S$338 CASH!]
Get a Hinomi Q1 Ergonomic Chair (worth S$499) or a Samsung 27-inch Smart Monitor M5 (worth S$432) or S$300 GrabGifts Vouchers or S$250 Cash via PayNow when you apply for an eligible HSBC credit card and spend a min. of S$500 from Card Account Opening Date to the end of the following calendar month.
 
PLUS stand a chance to win an S$88 Cash Bonus on top of your baseline gift, when you meet the giveaway criteria! T&Cs apply.

Valid until 29 Feb 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: Hinomi Q1 Ergonomic Chair (worth S$499) / a Samsung 27-inch Smart Monitor M5 (worth S$432) / S$300 GrabGifts Vouchers / S$250 Cash via PayNow
Gift eligibility requirements: Spend a minimum of $500 in Qualifying Transactions from Card Account Opening Date to end of the following month.
19 Feb 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

Plus, on top of your choice of gift, stand a chance to win an additional $588 in cash:

  • Stand to win an extra $500 Cash Bonus when you are 1 of 3 successful claims at 2pm and 9pm daily from now till 19 Feb 2024.
  • Stand to win an $88 Cash Bonus from now till 29 Feb when you meet the giveaway criteria.

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

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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) or $60 cashback (existing cardmembers) with $800 minimum spend within 60 days. 31 May 2024
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. 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. However, there’s one OCBC credit card with a limited-time cashback promotion we want to highlight. The OCBC INFINITY Cashback Card is currently offering 1.8% unlimited cashback from now till 31 Mar 2024—that’s the highest unlimited cashback rate in town with no minimum spend:

OCBC logo
Earn up to 1.8% unlimited cashback
Cashback
Up to 1.8%
Min. Spend
S$0
Cashback Cap
Unlimited

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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.

 

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.