I created this step by step guide for Singaporeans to help you figure out which credit card best fits your situation.
This is just a guide, not financial advice.
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How To Use This Guide:
Step 1: What Is Your Annual Income?
Your annual income determines the range of credit cards available to you. Cards with income requirements between S$30,000 and S$80,000 are generally accessible and often suitable for fresh graduates.
In contrast, cards with a S$120,000 annual income requirement have a strict eligibility rule—you must meet this income level to qualify. For cards with lower income thresholds, approval is typically more straightforward.
Step 2: What Is Your Monthly Spending?
Monthly spending refers to the regular expenses that can be charged to a credit card to earn rewards. This typically includes everyday purchases such as groceries, dining, shopping, and transport.
Certain payments—such as cash transactions, insurance premiums, AXS bills, e-wallet top-ups, or housing loan repayments—are generally not eligible for rewards and should not be included when assessing your spending.
If you occasionally pay on behalf of your company or friends, those charges can also be placed on your card, provided you are reimbursed afterwards.
Step 3: Choose Your Focus: Cashback or Miles?
The choice between cashback and miles shapes the type of rewards you will prioritise. Once you have a preference, review details such as sign-up promotions and the card’s key features to determine whether it aligns with your spending habits and financial goals.
Step 4: Check the Card Summary
Each card comes with a “card summary” outlining its key features and benefits. Within the card summary, you can also refer to the accompanying review for a more detailed explanation and analysis.
Step 5: Check the current “Sign Up Deal”
Sign-up promotions can add significant value when choosing a credit card. Be sure to review the latest offers, which are regularly updated to reflect the best available deals.
Step 6: Apply for the Card
Once you have decided on a card, use the “Apply Here” link to submit your application. Make sure to meet the requirements stated in the sign-up deal, such as completing the minimum spend within the specified time frame, and remember to fill out any rewards redemption form (as shown in my guide to claiming your rewards) to ensure you receive the benefits. You can always ask a question in my telegram channel on the sign up process.
Now that the steps are clear, you can navigate through the stages by clicking on them, which will take you directly to the relevant section.
Step 1 & 2: What’s Your Annual Income & Monthly Spending?
Income Level A: S$30,000 – S$80,000
What’s your monthly spending?
Income Level B: S$80,000 – below S$120,000
What’s your monthly spending?
S$800+ per month (willing to hold cards with minimum monthly spend required) → Go to STAGE 2
No, prefer no minimum spend requirement → Stay in STAGE 1B
Income Level C: above S$120,000+
What’s your monthly spending?
S$800+ per month (willing to hold cards with minimum monthly spend required) → Go to STAGE 2
No, prefer no minimum spend requirements → Stay in STAGE 1B
Next Question: Are you willing to pay annual fees for premium perks?
STAGE 1A: Low Spending (Under S$800/month)
Recommended Priority: No minimum spend + Non-expiring rewards
Choose Your Focus:
Cashback Cards To Consider:
Recommended Card Strategy: Able to use one card spend to earn cashback + earn high interest on savings account
1. OCBC Infinity Cashback + OCBC 360 Account
(Great if you’re just starting out or unsure of your spending habits)
Reasons why this is my top pick:
Bonus savings interest when paired with OCBC 360 No minimum spend on the card itself
To earn higher interest, you can charge recurring bills like insurance or utilities to this card. Just make sure you don’t pay via AXS, and it will count toward the S$500 spend criteria on the OCBC 360. If you include insurance or bill payments, you can likely easily hit the S$500 spend.
VHW8FDOS- Download OCBC Digital from App Store or Google Play
- Copy the referral code above and enter into the app when prompted
- Apply for 360 Account
2. UOB One Card + UOB One Account
(Best if you consistently spend ≥ S$500 monthly and hold ≥ S$150K in UOB One)
Reasons why this is my top pick:
✅ Same as OCBC. It rewards both spending + saving
⚠️ Requires minimum S$500 spend per month to unlock cashback.
💡 Similar to OCBC, insurance or utilities charged directly to the card (not via AXS) count toward the minimum spend requirement. If you are unsure whether you can hit min spend, go with OCBC infinity.
- You qualify if: you have no UOB credit card right now, AND haven't cancelled any UOB credit card in the last 12 months
- Spend min. S$500 within the first 30 days from card approval
- SingSaver will email you a Rewards Redemption Form — check inbox (and spam folder) after applying. Fill it in within 14 days to claim your gift, or you'll lose it.
Aud’s note: I know I mentioned that, ideally at this stage, you’d want cashback cards with no minimum spend. But if you’re chasing the highest rewards with minimal requirements, the above two are still the best.
That said, if you prefer a pure no-minimum-spend cashback option, here’s one to consider:
DCS Ultimate Platinum Mastercard
(Perfect if you’re not pairing with any high-yield savings account)
Miles Cards To Consider:
Recommended Card Strategy: No min. spend with miles that don’t expire (crucial for low spenders)
Reasons why these are my top picks:
- 2 free lounge visits annually
- Easily waivable annual fee
- You qualify if: you have no DBS/POSB credit card right now, AND haven't cancelled any DBS/POSB credit card in the last 12 months
- Enter promo code SINGSAVER during application
- Spend min. S$500 within 30 days of card approval
- SingSaver will email you a Rewards Redemption Form — check inbox (and spam folder) after applying. Fill it in within 14 days to claim your gift, or you'll lose it.
- Eligible for new main Citi Cardmembers only (no existing Citi card, no Citi card closed in the past 12 months)
- Spend S$800 in the first 2 months of card approval
- Pick Tier 1 OR Tier 2 at application — only one Welcome Gift per applicant
- You qualify if: you have no Citibank credit card right now AND haven't cancelled any Citi credit card in the last 12 months
- Spend min. S$500 within 30 days of card approval
- SingSaver will email you a Rewards Redemption Form — check inbox (and spam folder) after applying. Fill it in within 14 days to claim your gift, or you'll lose it.
✅ Action Steps if you are fresh graduate:
- Apply with your first payslip as income proof when they ask you to upload supporting documents (Don’t be afraid even if they ask for NOA or 3 months pay slip)
- Set up GIRO auto-payment immediately
- Track spending for awareness (not optimization)
- If you do cancel the card one day, remember to transfer the points out before cancelling
STAGE 1B: Higher Spending (S$800+/month)
Choose Your Focus:
Cashback Cards To Consider:
Recommended Card Strategy: Able to use one card spend to earn cashback + earn high interest on savings account
Same recommendations as Stage 1A, but you can also consider the below cards with S$800 minimum spends if the rewards justify increased effort on your part.
1. OCBC 365 Cashback + OCBC 360 Account
VHW8FDOS- Download OCBC Digital from App Store or Google Play
- Copy the referral code above and enter into the app when prompted
- Apply for 360 Account
2. UOB Evol + UOB One Account
- You qualify if: you have no UOB credit card right now, AND haven't cancelled any UOB credit card in the last 12 months
- Spend min. S$500 within the first 30 days from card approval
- SingSaver will email you a Rewards Redemption Form — check inbox (and spam folder) after applying. Fill it in within 14 days to claim your gift, or you'll lose it.
Miles Cards To Consider:
Recommended Card Strategy: Willing to change spending patterns or go out of your way to maximise rewards
Same as Stage 1A cards, plus you can start considering:
DBS yuu Card (if you shop at yuu merchants) with min spend required of S$800
- You qualify if: you have no DBS/POSB credit card right now, AND haven't cancelled any DBS/POSB credit card in the last 12 months
- Enter promo code SINGSAVER during application
- Spend min. S$500 within 30 days of card approval
- SingSaver will email you a Rewards Redemption Form — check inbox (and spam folder) after applying. Fill it in within 14 days to claim your gift, or you'll lose it.
STAGE 2: Higher Spending of more than S$800-4000/month + Need Multiple Cards To Optimise
Choose Your Focus:
Cashback Cards To Consider:
Recommended Card Strategy: Use one card spend to earn cashback + earn high interest on savings account from Stage 1A or Stage 1B then switch to these cards below once you have hit the minimum spend required for those cards. Alternatively, if you are not pairing with a bank account, here are cards to consider.
High Cashback Cards (with Min. Spend Required Of S$600-800)
Miles Cards To Consider:
Recommended Card Strategy: Use cards from Stage 1A or Stage 1B then switch to these cards below once you have hit the minimum spend required (if any) for those cards. Alternatively, if you are not pairing with a bank account, here are cards to consider.
High Miles Cards (With Specialised Spending Category Or Requirement):
- You qualify if: you have no DBS/POSB credit card right now, AND haven't cancelled any DBS/POSB credit card in the last 12 months
- Enter promo code SINGSAVER during application
- Spend min. S$500 within 30 days of card approval
- SingSaver will email you a Rewards Redemption Form — check inbox (and spam folder) after applying. Fill it in within 14 days to claim your gift, or you'll lose it.
- Eligible for new main Citi Cardmembers only (no existing Citi card, no Citi card closed in the past 12 months)
- Spend S$800 in the first 2 months of card approval
- You qualify if: you have no Citibank credit card right now AND haven't cancelled any Citi credit card in the last 12 months
- Spend min. S$500 within 30 days of card approval
- SingSaver will email you a Rewards Redemption Form — check inbox (and spam folder) after applying. Fill it in within 14 days to claim your gift, or you'll lose it.
Action Steps:
- Get annual fee waivers for all.
- 2-3 cards should be enough. Personally, I think Maybank XL Card (miles or cashback version) and Citi Rewards are must haves.
- Don’t spread across too many cards (you may not earn enough miles to transfer them out before they expire)
- Focus on your top 80% spending
STAGE 3: High Income Earners of more than S$120K annual income per year + willing to pay annual fee for benefits
Choose Your Focus:
Cashback Cards To Consider:
At this level, there are not much cashback cards to consider. You will have to combine all the cards that I have mentioned above (from Stage 1a to Stage 2) if you want optimisation.
Miles Cards To Consider:
QUICK REFERENCE GUIDE
🚫 What to AVOID at Each Stage:
Stage 1: High annual fees, minimum spend requirements, specialty category cards
Stage 2: Too many cards (3+ creates tracking chaos), cards that don’t match your spending
Stage 3: Cards with benefits you won’t use, paying fees without justification
✅ Universal Best Practices:
- Always set up GIRO auto-payment (never miss payments)
- Track your spending to understand your 80% categories
- Start simple, add complexity gradually
- Annual fee waiver strategy: Most cards with S$197 annual fees are waivable – just ask
- Review annually or when income/spending changes significantly
