Yahoo Finance Best Credit Card Promotions (2019) – Free Luggage, 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 are so desperate to get new customers that they practically rain CapitaLand vouchers, Takashimaya vouchers, NTUC vouchers, cashback and other forms of free money on us.
And in my household, we’d rather die than spend a cent at the Samsonite store, because duh, that’s what credit card free luggage promotions are for.
Okay, enough grandmother stories for now. 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 2019
Bank / credit card | Credit card promotion | Minimum spend | Expiry |
Citibank | – | 31 Aug 2019 | |
Citibank | $1,200 in 3 months | 31 Dec 2019 | |
Standard Chartered | – | 31 Aug 2019 / 30 Sep 2019 | |
HSBC | $800 in first month | 30 Sep 2019 | |
UOB | $1,500 in first month | 31 Oct 2019 | |
POSB Everyday Card | $800 in 2 months | 30 Sep 2019 | |
DBS Live Fresh Card | $600 in first month | 30 Sep 2019 | |
Amex True Cashback Card | $500 in first month | 31 Aug 2019 | |
OCBC | – | 30 Sep 2019 | |
Maybank | $300 in 2 months | – | |
Amex CapitaCard | $3,000 in 3 months | – |
Citibank credit card promotion 2019
If you’re new to Citibank credit cards, hurry up and sign up through MoneySmart to get $200 CapitaLand vouchers or $200 NTUC vouchers, no questions asked and no minimum spend required. These are the eligible cards:
Citibank Cash Back Card
Citibank PremierMiles Card
Citibank SMRT Card
Citibank Rewards Card
Can’t decide which to get? Might we suggest the Citi Cash Back Card, which is probably the best cashback card in town for petrol and dining.
Separately, Citibank is also offering $120 cashback if you spend $1,200 on your card in the first 3 months, but that’s obviously not quite as worthwhile. You have to sign up on Citibank’s website (not MoneySmart) and the eligible cards are:
Citibank Cash Back Card
Citibank SMRT Card
The Citibank PremierMiles and Citibank Rewards cards also have welcome promotions, but in the form of points/miles instead.
Any promo for existing customers? No.
Standard Chartered credit card promotion 2019
Shopping vouchers are great and all, but what’s even better is the $180 in cold hard cash if you sign up for the Standard Chartered Unlimited credit card through MoneySmart. You get $100 in CASH from us and then an extra $80 cashback from StanChart with no minimum spend at all.
You do have to be new to Standard Chartered cards to qualify, and you have to fill up a claim form in order to get the cash reward from MoneySmart. Once again, it’s limited to just the one:
Standard Chartered Unlimited Cashback Card
If you’re looking at Standard Chartered’s other credit cards, their promo for new sign-ups isn’t too shabby either. Upon card activation, you get a free $80 credit in your account, no minimum spend required. Sweet.
Eligible cards are:
Standard Chartered Rewards+ Card
Standard Chartered Spree Card
Standard Chartered Platinum Visa/Mastercard
Any promo for existing customers? Yes, get $20 cashback if you sign up for another Standard Chartered credit card.
HSBC credit card promotion 2019
Like everyone else, HSBC is also running a credit card promotion to entice new signups. Apply by 30 Sep 2019 and charge $800 in the first month to get either a whopping $150 cashback OR free luggage.
Plus, if you sign up using SingPass to submit your data to HSBC, you can get an extra $20 worth of Grab rides on top of that.
Eligible credit cards:
HSBC Visa Platinum Credit Card
HSBC Advance Credit Card
HSBC Revolution Credit Card
Any promo for existing customers? Yes, $30 cashback if you spend $800 in the first month on your new HSBC card.
UOB credit card promotion 2019
UOB is running a credit card sign-up promotion for all newcomers to UOB credit cards: a generous $150 cashback for spending $1,500 in the first month.
Of course, this being UOB, there’s a catch. You need to be one of the first 1,000 people to spend that amount, and there’s no way to tell if you’re one of them at the point of spending.
Most UOB credit cards are eligible for the promotion, except the UOB PRVI Miles Card and the new UOB KrisFlyer Credit Card, which have their own miles promotions.
Any promo for existing customers? No.
POSB / DBS credit card promotion 2019
I doubt there are many Singaporeans who are “new to DBS”, but just in case you’ve never owned a POSB/DBS credit card before, they’re running a couple of promotions for newcomers.
You can get $120 cashback if you sign up for the POSB Everyday Card and spend at least $800 in the first 2 months, or…
$100 cashback with the DBS Live Fresh Card if you spend at least $600 in the first month. (Which also happens to the minimum spending requirement for regular cashback anyway, so it works out.)
Any promo for existing customers? No.
Amex credit card promotion 2019
American Express is running a credit card promotion where you can get $80 in cash, credited to your bank account, if you’re new to Amex.
Just sign up for the Amex True Cashback Card through MoneySmart and charge $500 in the first month. (You also get 3% cashback on the first $5,000 spent in the first 6 months.)
The other Amex card with a promo for newcomers is the Amex CapitaCard. You get free American Tourister luggage with a minimum spend of $3,000 in the first 3 months, so not quite as worthwhile.
Any promo for existing customers? The Amex CapitaCard offer is open to existing customers.
OCBC credit card promotion 2019
OCBC may be at the bottom of the list because it’s not offering a 3-digit welcome bonus, but its sign-up promotion is a very simple and straightforward.
New-to-bank customers get $50 cashback in their accounts with no minimum spending requirements.
Any promo for existing customers? No.
Maybank credit card promotion 2019
Maybank is giving away free American Tourister luggage to anyone who signs up for CreditAble (their credit line service) and any 2 credit cards.
You’ll have to spend at least $300 on your credit cards within the first 2 months to get the reward. For foreigners, this minimum goes up to $400.
Any promo for existing customers? No.
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, $600 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.
Did we miss out any credit card promotions? Good things must share – tell us about them in the comments!
Related articles
The Best Air Miles Credit Cards in Singapore
The Best Cashback Credit Cards in Singapore
The Best Rewards Credit Cards in Singapore
The post Best Credit Card Promotions (2019) - Free Luggage, CapitaLand Vouchers & More appeared first on the MoneySmart blog.
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