Yahoo Finance Best Credit Card Promotions (2020) – Free AirPods, CapitaLand Vouchers & More
I have to admit, I’m a complete sucker for credit card promotions.
These days, even the best credit cards in Singapore compete so hard for new customers, they practically rain Apple AirPods, Nintendo Switches, CapitaLand vouchers and other freebies on us.
All right, let’s cut the crap and get straight to what you’re here for… the best credit card promotions in Singapore.
Best credit card promotions in Singapore for new sign-ups
Credit card | Promotion | Min. spend | Expiry |
Citibank | Apple AirPods or Nintendo Switch Lite | Any amount | 31 Oct 2020 |
Standard Chartered | $200 cash or $250 Grab vouchers | $80 | 31 Oct 2020 |
American Express | $150 Agoda or CapitaLand vouchers | $1,000 | 2 Nov 2020 |
HSBC | Google Nest Hub + $30 Lazada vouchers | None | 31 Oct 2020 |
HSBC | Samsonite luggage OR $150 cashback | $800 | 31 Dec 2020 |
CIMB | $100 cashback | $700 | 31 Oct 2020 |
If you’re a new customer to these banks, you’ll qualify for the above freebies. Don’t wanna read? Here are some shortcuts:
Best credit card promo for free AirPods: Citibank
Citi Cash Back+ Mastercard®
Key Features
1.6% cashback on your spend
No minimum spend required and no cap on cash back earned
Cash back earned does not expire
Redeem your cash back instantly on-the-go with Pay with Points or for cash rebate via SMS
Best credit card promo for cashback: Standard Chartered
Standard Chartered Unlimited Cashback Credit Card
Key Features
Flat 1.5% cashback rate for all eligible purchases
No cashback cap and no minimum spend
2 year annual fee waiver
Up to 22.61% fuel savings at Caltex
Best credit card promo for free luggage: HSBC
MoneySmart Exclusive
Earn Points for Everyday Spending
HSBC Revolution Credit Card
MoneySmart Exclusive:
More Details
Key Features
No annual credit card fees
Get 10X Rewards Points, equivalent to 4 air miles per dollar spent
Redeem your rewards points for home, dining, retail, travel, or charity cash vouchers online or offset cash rebates on transactions online via rewards catalogue or the HSBC mobile app
Travel Insurance: Enjoy up to S$300,000 coverage when you charge travel expenses to card
Citibank credit card promotion 2020: free AirPods or Nintendo Switch Lite
If you’re new to Citibank credit cards, hurry up and sign up through MoneySmart to get either free Apple AirPods OR a Nintendo Switch Lite.
Here are the details:
You must be new to Citibank cards (or cancelled your last one at least a year ago)
Apply through MoneySmart and complete the redemption form we send you by 31 Oct 2020
Make one eligible transaction within 60 days to qualify
Promotion ends 31 Oct 2020
These are the eligible cards:
Citi Cash Back+ Mastercard®
Key Features
1.6% cashback on your spend
No minimum spend required and no cap on cash back earned
Cash back earned does not expire
Redeem your cash back instantly on-the-go with Pay with Points or for cash rebate via SMS
Citi Rewards Card
Key Features
10X Rewards on all online purchases (excludes travel-related transactions). Bank's T&Cs apply
10X Rewards on Ride-hailing, Shopping and Online spends. T&Cs apply
10X Citi Rewards program gives you an additional bonus of 9X Rewards points per S$1 spend on eligible categories on top of the base rate
10X Rewards capped at 10,000 Points per statement month and expires every 5 years
Citi PremierMiles Card - New Customer (37,300 Welcome Miles)
Key Features
S$1 = 1.2 Citi Miles on Local spend (no min. spend)
S$1 = 2 Citi Miles on Foreign currency spend
Earn 10,000 Citi Miles upon renewal of annual membership and payment of annual fee
Citi Miles never expire
Priority Pass™ membership gives you access to more than 600 airport lounges twice a year
Priority Pass membership is on application basis and is reserved for the Principal cardmember only, limited to 2 complimentary visits per calendar year
Complimentary Travel Accident Insurance up to S$1,000,000 coverage, Medical Assistance Programme and Travel Inconvenience Coverage
Standard Chartered credit card promotion 2020: $200 cash or $250 Grab vouchers
New-to-bank customers can sign up for the Standard Chartered Unlimited credit card via us to get $200 cash via PayNow OR $250 in Grab vouchers. Free money, guys.
Here are the details:
You must be new to Standard Chartered cards (or cancelled your last one at least a year ago)
Apply through MoneySmart and complete the redemption form we send you by 31 Oct 2020
Spend at least $80 on eligible transactions within 30 days
Promotion ends 31 Oct 2020
You will also earn 1.5% cashback, with no minimum spend or cap, on your purchases.
Standard Chartered Unlimited Cashback Credit Card
Key Features
Flat 1.5% cashback rate for all eligible purchases
No cashback cap and no minimum spend
2 year annual fee waiver
Up to 22.61% fuel savings at Caltex
Amex credit card promotion 2020: $150 Agoda or CapitaLand vouchers
Planning to spend more than $1,000? If you’re new to Amex, you can get $150 CapitaLand vouchers OR $150 in Agoda vouchers if you sign up here and spend.
Here are the details:
You must be new to Amex cards (or cancelled your last one at least a year ago)
The $150 Agoda or CapitaLand vouchers are given on top of all Amex BAU offers
Spend at least $1,000 in the first month to redeem your vouchers
Promotion ends 2 Nov 2020
These are the eligible cards:
American Express Platinum Credit Card
Key Features
Enjoy Love Dining @ Restaurants privileges which offers up to 50% savings on food orders at a handpicked selection of popular restaurants.
Love Dining @ Hotels offers you exceptional year-round privileges and savings of up to 50% on food bills at selected restaurants in some of the best luxury hotels around Singapore.
Eligible for use with Apple Pay, Google Pay, Samsung Pay
American Express True Cashback Card
Key Features
Unlimited Cashback - No min spend & no cap
3% Cashback for the first 6 months up to S$5,000 spend, and 1.5% Cashback on all purchases thereafter
Additional 1% Cashback on foreign currency spend. Valid from 4 August 2020 to 30 June 2021
Additional 1% Cashback on your recurring bills for selected essential services. Registration is required. Valid from 15 July 2020 to 31 December 2020.
Eligible for use with Apple Pay, Google Pay, Samsung Pay
American Express Singapore Airlines KrisFlyer Ascend Credit Card
Key Features
1.2 KrisFlyer miles = S$1
2 KrisFlyer miles = S$1 in foreign currency spent overseas on eligible purchases in June & Dec
3.2 KrisFlyer miles = S$1 for Grab rides, capped at S$200 per month
Spend above S$15,000 on eligible purchases on singaporeair.com within first 12 months of Card approval and get upgraded to KrisFlyer Elite Gold Membership
Up to $1 million travel insurance coverage
HSBC credit card promotion 2020: free luggage, Google Nest Hub & more
Sign up for the newly-revamped HSBC Revolution Card through MoneySmart and you can get a Google Nest Hub on us.
You must be new to HSBC cards (or cancelled your last one at least a year ago)
Apply through MoneySmart and complete the redemption form we send you by 31 Oct 2020
Get $30 Lazada vouchers for submitting your application with MyInfo via Singpass
No minimum spend required!
Promotion ends 31 Oct 2020
MoneySmart Exclusive
Earn Points for Everyday Spending
HSBC Revolution Credit Card
MoneySmart Exclusive:
More Details
Key Features
No annual credit card fees
Get 10X Rewards Points, equivalent to 4 air miles per dollar spent
Redeem your rewards points for home, dining, retail, travel, or charity cash vouchers online or offset cash rebates on transactions online via rewards catalogue or the HSBC mobile app
Travel Insurance: Enjoy up to S$300,000 coverage when you charge travel expenses to card
If you’re going to charge at least $800 to your card in the first month, you’ll also be eligible to get either free Samsonite luggage OR $150 cashback from HSBC.
You must be new to HSBC cards (or cancelled your last one at least a year ago)
Get $30 Lazada vouchers for submitting your application with MyInfo via Singpass
Spend at least $800 in the first month to redeem your free luggage or cashback
Promotion ends 31 Dec 2020
Choose from either the HSBC Revolution Card or HSBC Visa Platinum Card for this offer.
Online Promo
Cashback for Family Spending
HSBC Visa Platinum Credit Card
Online Promo:
More Details
Key Features
5% cash rebates on dining, grocery and petrol
Kids now enjoy free movies, meal and trips and many more family offers
1X Reward Point for every S$1 spent
2 years fee waiver, subsequent years waived with min. spend of $12,500 p.a.
CIMB credit card promotion 2020: $100 cashback
Don’t qualify for the above promotions ‘cause you hoard too many credit cards? Well, if you don’t have a CIMB card, you still qualify for their $100 cashback offer.
There’s a minimum spend of $350 per month for 2 months, but that’s relatively easy to hit.
You must be new to CIMB cards (or cancelled your last one at least a year ago)
Spend at least $350 in the first month + $350 in the second month (total $700)
Promotion ends 31 Oct 2020
Eligible CIMB cards:
Bank Promo
CIMB Visa Signature
Bank Promo: Get $100 cash credit when you apply and spend at least S$350 per month for the first 2 months from approval! T&Cs apply. Valid till 31 Oct 2020.
More Details
Key Features
10%* Cashback on Beauty & Wellness, Online Shopping, Groceries and more
Complimentary Travel Insurance up to S$500,000
Visa Signature Concierge
No annual fees for life
Apply for up to 4 supplementary cards and have annual fees waived for all supplementary cards
Access to over 1,000 regional deals with discounts up to 50%
Bank Promo
CIMB Platinum Mastercard
Bank Promo: Get $100 cash credit when you apply and spend at least S$350 per month for the first 2 months from approval! T&Cs apply. Valid till 31 Oct 2020.
More Details
Key Features
10% Cash Back on Wine & Dine, Transport & Petrol, Travel in Foreign Currency and more
No annual fees for life
Apply for up to 4 supplementary cards and have annual fee waived for all supplementary cards
Access to over 1,000 regional deals with discounts up to 50%
So many credit card promotions! Is there a catch?
You can’t blame us for liking free stuff. If your storeroom is so full of free luggage from credit cards that it could double as a Samsonite warehouse, you might be wondering if there’s a catch to all these freebies.
Well, there IS one drawback to signing up for all the credit card promotions: You’ll get disqualified from getting more freebies in the future.
That’s because banks and comparison sites like us 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
So if you’re thinking of gaming the system by cancelling your card and re-applying, tough luck!
Another thing to note is that some banks are more generous than others.
If you’re lucky, you’ll get vouchers or cashback or luggage immediately upon card approval.
However, but some banks require you to spend a minimum (say, $1,000 in the first month) AND make you wait a few months before you can even smell the freebie. So, be sure to read the T&Cs, and only sign up when you’re confident you can hit the minimum spend.
Good things must share — share these credit card promotions with your bargain-hunting friends.
The post Best Credit Card Promotions (2020) - Free AirPods, CapitaLand Vouchers & More appeared first on the MoneySmart blog.
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