4. Entertainment and Recreation - all local and overseas transactions made at Theatres, Video Entertainment Rental stores, Pool and Billiard Establishments, Game Arcades, Bowling Alleys, Golf Courses, Country Clubs, Amusement Parks, Aquariums and Tourist Attractions. ... No minimum spend, no … You will now require 1,000 Chope-Dollars for a S$10 discount code on Chope - should you stick to this restaurant reservation platform? While I debated against putting in this hybrid-credit card, it may be of interest to some people who have an existing banking relationship with Maybank. Already signed up? The Maybank FC Barcelona Visa Signature Card offers a flat 1.6% cash rebate on all eligible local spend but it awards 2X TREATS Points per dollar (equivalent to 0.8 mpd) for eligible non-SGD transactions. This is where research is your excellent friend. That is equivalent to a monthly salary of $2,500, or even lower if you typically receive a 13 th month bonus every year. Credit card Minimum income Minimum credit limit Purchase rate Other features; Citi Prestige: $150,000: $30,000: 21.49% p.a. However, SC Unlimited Cashback Card stands out by offering great transport benefits. In the 12 years since, many new products have been launched for this segment, which begs the question: which is the best credit card with “no income requirement”? A card with a “high” income requirement could range between around S$50,000 and S$500,000 per year. annual income (Singaporean/Singapore PR): S$30,000. For Expatriates, you have earnings which provide a minimum income of over S$60,000 p.a. Click HERE for the best credit card sign-up offers in Singapore!, 3.0% Cash Rebate Welcome Bonus (capped at first S$5,000). What if you’re studying, or taking a significant pay cut to pursue a passion project: are credit cards out of reach for you? The thing is: any income requirement above $30K is essentially arbitrary. Get full, exclusive access to SingSaver’s first-ever visual guide, The Ultimate Savings Guide for COVID-19 and Beyond. The only benefits of note are free entry to Zouk and Phuture on the DBS Live Fresh Student Card. Back in 2007, the MAS eased restrictions on credit card age and income requirements. Not exactly. The American Express® Singapore Airlines PPS Club Credit Card. For avoidance of doubt, this does not include transactions made at Airlines, Travel Agencies, Cruise Lines, Railways and third party travel websites. Find out all about the Hilton Honors program changes in 2021 here. You can now earn miles, points, or STAR$ on GrabPay Wallet top-ups officially using an American Express card for a while - registration required. “I used to be scared of credit cards, but SingSaver.com.sg made me realise that I don’t have to worry about debt if I pay my bill on time each month. An unsecured card is a traditional credit card that doesn’t require a security deposit or other collateral for approval. An alternative is to apply for a Secured Credit Card if Minimum Income Requirement is not met. If you’re really insistent on trying though, there is an alternative option I haven’t mentioned above: Diners Club. S$100 GrabFood Voucher(New to Card Applicants). For the most part, the only way to avoid the income requirement for credit card applicants under the age of 21 (or, really, any age, as most issuers will prefer you to have an income) is to apply with a qualified cosigner.. Unless you have a real reason to stick with Standard Chartered (e.g. It’s no big surprise that the benefits and perks offered by cards in this segment are somewhat underwhelming. For new-to-card Citi customers, you have two options - you can choose a S$200 cash bonus (but it requires you to apply for a different credit card first), or the 2.9% cash rebate bonus (capped at the first S$5,000) if you sign-up for the Citi Cash Back+ Mastercard directly. No minimum income requirement; Age 18 and above, with parent’s consent. The key difference between a secured and an unsecured credit card is the need for collateral. Soon after, Citi launched the Citi Clear, the first-ever “no income requirement” card. There’s no sure-fire way to prevent credit card fraud, so unfortunately holding a credit card also means being vigilant about making sure it doesn’t end up in the wrong hands. While secured credit card applications will often ask about your employment and income, you’re more likely to be approved for one of these credit cards because you’re making a security deposit as collateral. Lloyds, Halifax, Yorkshire Bank, Sainsbury's and M&S all … 21 - 27 years old. We'll admit it's a bit of a catch-22; you'll need a credit card to even develop a good credit score, yet having a credit card poses the risk of earning a bad credit score. You will need the following documents to obtain the free credit report: Card carrier that comes with your credit card. Additionally, new customers can also get S$60 (or S$30 for existing customers) CapitaVouchers when they spend at least S$1,000 within the first 30 days from card approval. Since this is also a World Mastercard, you will get to enjoy exclusive World Mastercard privileges with this credit card. Cashback Credit Cards with No Minimum Spend In Singapore. Age. As a quick clarification, the 3.0% bonus cash rebate does not stack with the base cash rebate of 1.5% (for local transactions) or 2.5% (for foreign currency transactions). On the type of credit card is the need for Collateral, 's! 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