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Best Credit Card Options In Singapore
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Technically, if you are looking to get your first credit card, you might get your head spinning when you consider the large credit card options offered by banks. Thus, selecting the right credit card to fit your monthly budget will be highly essential.
Before you dive into deciding on obtaining a credit card, it is essential to identify your preference and analyze your spending habits. If you’re choosing a card for daily use then you may want to focus on cards with the lowest fees.
Technically, if you are looking to get your first credit card, you might get your head spinning when you consider the large credit card options offered by banks. Thus, selecting the right credit card to fit your monthly budget will be highly essential.
Before you dive into deciding on obtaining a credit card, it is essential to identify your preference and analyze your spending habits. If you’re choosing a card for daily use then you may want to focus on cards with the lowest fees.
How Do Credit Cards Work?
Credit cards allow you to spend on your purchases today and make payments in the future when it’s time to settle your monthly bill. It offers you a line of credit that can be used to make purchases, balance transfers or cash advances and requires that you pay back the loan amount in the future.
Kindly note that your assets will be assessed and how much credit you are worthy to receive. You’ll need to prove you’re able to repay any spending on the card and will be given a spending limit which can change over time.
Best Credit Card Options In Singapore
The use of credit cards in Singapore has been considered one of the best ways to settle bills. This is because of the very high standard of living in the country’s economy. Hence, the use of credit cards will help you to manage a standard life without having to frequently dig into your savings.
Nonetheless, it will be practicable to research the best credit card options that will suit your needs. Fortunately, you really don’t need to dive in too far as this article will help you to narrow down your search to the best credit card options in Singapore. In case you are looking for credit cards that offer great cashback, here are 3 great credit card options to consider:
– POSB everyday card
– Citi cashback card
– Standard chartered unlimited cashback card.
POSB Everyday Card
The POSB Everyday card is known for offering cashback on dining and online shopping. Usually, the annual fees are automatically waived off for the first year. One of the best features of this card is that it also has rebates for groceries.
Citi Cashback Card
The Citi cashback card offers cashback on all retail purchases. They also offer additional cashback on dining and groceries. Another thing that makes the Citi cash bank card one of the best credit cards in Singapore is that there’s no minimum spend. You can also earn a rebate of up to 10% on different locations especially if you use the card to pay for your airfare, you can enjoy travel insurance alongside.
Standard Chartered Unlimited Cashback Card
They offer a highly impressive cashback on virtually everything being purchased and they offer no minimum spend. Sometimes, your annual fees can also be waived for 2 years. Additionally, they make sure that you save some money on every transaction made. It also offers a temporary credit limit increase in cases whereby you may need to purchase something really expensive.
Conclusion
With the number of card options provided, you will have gauged by now that there are many options available to you. This leaves you with a lot of considerations to make on the best credit card option that will suit your needs.
