Be aware that the benefits and perks, like rewards, offered by ‘no income’ or ‘low income’ credit cards, are likely to be restricted. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Find the perfect gift Apply today and enjoy a range of perks including 1-for-1 movie tickets with Cathay Cineplexes. We strive to have the most current information on our site, but consumers should inquire with the relevant financial institution if they have any questions, including eligibility to buy financial products. Find the latest information on which deposit accounts offer the highest interest rates and strongest promotional offers in Singapore. The $30,000 minimum income requirement for credit cards is a regulatory requirement in Singapore. S$0 annual fee for the first 5 years and S$192.60 thereafter, S$0 annual fee for the first 1 year and S$32.10 thereafter. On the other hand, the average travel card may not provide the luxury and comfort you seek. But what’s the difference between these two cards? However, this does not affect our recommendations or advice, which are grounded in thousands of hours of research. Existing digibank customers If you are an existing … Enjoy a wide variety of discounts and cashback rebates on dining, entertainment, online shopping and travel. Monthly expenses. DBS World Business Card … Based on an average monthly spend of S$2,000, we analysed the best credit cards on the market to estimate returned value-to-consumer after 2 years, accounting for rebates and netting out annual fees. This is where you find your DBS Altitudes, your Citibank Premiermiles and assorted other rewards cards. While we are independent, we may receive compensation from our partners for featured placement of their products or services. Keeping in mind both income requirements and common needs of expats at every socioeconomic status, our research experts reveiwed 100+ of the most competitive credit cards … Here’s how to find a card that works for you. T&Cs apply. Low income credit cards usually have lower minimum income requirements, such as S$16,000 p.a. If you’re an international student in Singapore, having a local bank account can help you manage your finances with ease. The $30K minimum income requirement is a regulatory requirement, but there is an exception for one low credit limit card. The Monetary Authority of Singapore mandates that credit cards should be backed by an annual income of at least $30,000. Minimum S$1,500 spend within 30 days. The credit limit of a secured credit card is typically the same as the amount for the fixed deposit. If you can’t find minimum income requirements for a particular card, you can try getting in touch with the issuer to ask about your eligibility. Earn 10X UNI$ (or 20 miles) per S$5 spent on a chosen spending category with no min. Learn how to invest in Airbnb in Singapore. Even better, spending S$50,000/year earns a fee waiver as well as 20,000 bonus miles (worth about S$200). T&Cs apply. For high spenders, cashback caps can prove very limiting. In addition, non-Advance customers must pay a S$192.6 annual fee (though it can be waived with S$12,500 annual spend). Earn up to 5X rewards points for every S$1 spent for eligible dining transactions, with no minimum spend required. In some cases, it may be possible. finder.com is a financial comparison and information service, not a bank or If you're a high income earner spending S$6–8k+ per month, typical cashback cards' earning caps will restrain your potential. Apply today and get a 3% Cashback bonus when you spend S$5,000 in the first six months. How long does it take to get a credit card? Otherwise, get 10,000 bonus miles when you pay the annual … Thanks to the Credit Card Accountability Responsibility and Disclosure Act of 2009, more commonly known as the CARD Act, several protections were put in place to keep consumers from falling prey to predatory credit card … Ts&Cs apply, Enjoy up to 8% cash rebates on daily essentials such as groceries and online food delivery, Earn 10x rewards on eligible Lazada purchases and 5x rewards on qualifying dining, entertainment and commute purchases. If you’re an affluent consumer and don’t mind paying a high fee for elite privileges, you may be interested in these cards. She previously led consumer studies worldwide as a Senior Research Executive at MMR Research, and led development & operations and BellaVetro. A minimum annual income of S$30,000 for Singapore Citizens, Permanent Residents and Japanese Nationals. Is there such a thing as a credit card with no minimum income? While most banks do not publicise a secured credit card … 10X Rewards on eligible online and retail purchases, capped at 10,000 points per statement month. Plus, up to 30% off on postal services and lots more. This means if you pledge a $10,000 fixed deposit for the credit card, the credit … Apply today and receive up to S$80 cashback and a bonus 5% cashback. If you decide to apply for a product or service through our website you will be dealing directly with the provider of that product or service and not with us. 500. Could I get a credit card with a minimum income of S$20,000? Use this guide to compare credit cards you’re eligible to apply for. Cardholders earn 0.69 miles (1.25 pts) per S$1 general spend, boosted to 3.44 miles (6.25 pts) with select boutiques and luxury vendors. Apply today and get up to S$150 in bonus cash credits. If you prioritise golf perks and would like to earn miles, {"endpoint":"\/newsletter\/subscribe","style":"blue","title":"Keep up with our news and analysis. Compare the Best Credit Cards for High Earners in Singapore by Dollar Value. Apply today and receive up to S$80 cashback and 5% bonus cashback. We may receive compensation from our partners for placement of their products or services. While the law doesn’t indicate a specific income … On Finder Singapore, the details are listed in the ‘Application requirements’ section in the product reviews for individual cards. Earn up to 4 miles per S$1 spend, with no expiry, Get up to 48,000 miles or up to S$200 cashback when you sign up by, Up to 5X DBS Points (or 10 miles) per S$5 spent on online and overseas purchases, S$0 annual fee for the first 1 year and S$160.50 thereafter, Get S$150 cashback with minimum spend of S$800 when you apply online by. T&Cs apply. Get 5% cashback from your favourite brands and your favourite music, movies and TV streaming services. You should expect to see spending requirements of at least $5,000 for the largest business credit card signup bonuses — though a requirement of up to $25,000 … If your annual income fits within the S$16,000 and S$18,000 bracket, applying for a low income credit card could be possible. Enjoy cashback on all purchases with no minimum spend or cap. Credit card income requirements help issuers reduce the risk of lending and allow them to offer you products that are appropriate for your financial circumstances. For affluent consumers with a budget of at least S$6,000/month, If capped cashback cards are keeping you from your full earning potential, consider, If you’re an especially high spender with a mostly local budget, look no further than. At the lower end you have the entry-level segment, where the required incomes range between $30-50K per annum. 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