Cardholders are given a free yacht hire, 6 airport lounge visits per year, free travel insurance, Hertz Asia privileges, regional golfing privileges and more. This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). In general you have to be at least 21 years old, and have a minimum annual income â¦ Annual fee applies. T&Cs apply. Another SC Visa Infinite Card benefit is access to top-notch travel perks. In general, cards with high minimum incomes will have a lot more features than low income credit cards, but there are still many different credit cards you can choose from if you make a relatively low income. She's also one half of the Pocket Money podcast. Weâve selected the best cards on the market for business travellers in terms of comfort & convenience, high overseas rewards rates, and a few added benefits (like rewards for banking). Existing digibank customers If you are an existing â¦ Overall, this card is perfect for higher spenders with an Advance account because while thereâs a monthly cap, itâs very high, and the rebate rate is more than double that offered by unlimited cashback cards. Earn 10X UNI$ (or 20 miles) per S$5 spent on a chosen spending category with no min. The $30K minimum income requirement is a regulatory requirement, but there is an exception for one low credit limit card. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Thatâs why credit cards have qualifying criteria. Earn up to 5X rewards points for every S$1 spent for eligible dining transactions, with no minimum spend required. She previously led consumer studies worldwide as a Senior Research Executive at MMR Research, and led development & operations and BellaVetro. However, the guides and tools we create are based on objective and independent analysis so that they can help everyone make financial decisions with confidence. The minimum income for getting a credit card varies but can be as low as $15,000 per year. International bank accounts combine a range of benefits into one package, so read on to see if opening an international account is right for you. New cardholders can receive 7,000 KrisFlyer miles when applying and spending a minimum of S$1,500 within 30 days of card approval. ","version":"sidebar"}, Effective Interest vs Annual Interest Rate, Best Insurance Companies for COVID-19 Coverage, How to Pick the Best Critical Illness Insurance, Best P2P Crowdfunding Investment Platforms, Average Interest Rate for Savings Accounts, Average Interest Rate of SGD Fixed Deposits, How to Get the Best Loan for Your Small Business, Business Loans for Startups & SMEs: How to Apply, Standard Chartered Unlimited Cashback Card, Everything You Need to Know About Foreign Transaction Fees, How to Earn Vacation Miles by Paying Your Taxes, Living Like Royalty: 5 Luxury Getaways in Europe, Best Travel Insurance Offers by Credit Cards, Best Credit Cards for Complimentary Lounge Access, Best Credit Cards with Free Airport Transfers, How to Use a Credit Card: Best Practices Explained, Understanding Credit Card APRs & Interest Rates, Repercussions of a Late Payment on Your Credit Card, Credit Card Minimum Payment: What You Need To Know, Everything to Know about Foreign Transaction Fees. Cardholders even have the chance to win a trip to see FC Barcelona play live, with travel and accommodations included. Ultimately, this is the best card for very wealthy local spenders looking to maximise cashback. Even better, spending S$50,000/year earns a fee waiver as well as 20,000 bonus miles (worth about S$200). Plus, travel cover of up to S$1,000,000. Why should I consider a credit card if there aren't any rewards? The most common aspirational credit card for young adults is a Visa Infinite branded one - these cards generally require an annual income of at least S$120,000. Apply today and receive up to S$80 cashback and 5% bonus cashback. Finder is committed to editorial independence. These cards are issued at lower or no minimum income limit and carry limitations such as lower credit limits to mitigate the risk of default. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. New cardholders will be awarded with a Samsonite Prestige 69cm Spinner Exp with built-in scale (worth S$670) or S$150 cashback with minimum spend of S$800 within the qualifying spend period while existing cardholders will get S$30 cashback. Is there such a thing as a credit card with no minimum income? Earn 1X TREATS Points for every dollar spent. In turn, you can use these requirements to help you choose and apply for a credit card that best suits your individual needs. You are about to post a question on finder.com: Finder ROW Pty Ltd (ABN 38 624 431 750) provides factual information on and compares many, but not all, products and services. T&Cs apply. If you're a high income earner spending S$6â8k+ per month, typical cashback cards' earning caps will restrain your potential. S$0 annual fee for the first 2 years and S$160.50 thereafter. Just keep in mind that your income is only one factor that’s taken into account during the application process. Maybank FC Barcelona Card only rewards overseas spend with 2 points per S$1 (equal to 0.8 miles, or about 0.8%), and therefore is best fit for local spenders. The relationship between income and credit cards can influence a wide range of credit card features, from the credit limit and interest rate of the card right through to complimentary extras or rewards programs. T&Cs apply. Learn more about KGI Securities’ online and mobile trading platform, KTrader and whether it suits your investment style. 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 â¦ Apply today and enjoy up to S$150 in cash credits. At the lower end you have the entry-level segment, where the required incomes range between $30-50K per annum. Monthly expenses. The Capital One Venture Rewards Credit Card is this issuerâs flagship travel card, with an average credit limit of $10,000. Earn 1.2 Citi Miles for every S$1 spent locally and 2 Citi Miles for every S$1 spent overseas. However, credit card issuers weigh up a range of other factors before approving or denying your request for credit. Earn 3 KrisFlyer miles per S$1 when you spend with Singapore Airlines, Scoot, SilkAir or KrisShop and 1.2 KrisFlyer miles per S$1 on all other spend. Another is Bank of China's F1RST Cardâ¦ T&Cs apply. Credit card issuers arenât just trying to snoop â the truth is theyâre legally obligated to ask for your income, according to the Credit CARD Act of 2009. Enjoy a wide variety of discounts and cashback rebates on dining, entertainment, online shopping and travel. In Singapore, the minimum annual income requirement to apply for a credit card generally starts at S$30,000 per year; but you may still have options if your salary is lower. And UOB travel affect our recommendations or advice, which are grounded thousands. Requirement for credit cards usually have lower minimum income click links to partners, they do not publicise a credit... Fee, these perks balance the cost $ 4,200/month, UOB PRVI miles card can maximise miles for every $. Accounts offer the highest interest rates and strongest promotional offers in Singapore are a few like. Advice, which are grounded in thousands of hours of Research of to! For credit cards usually charge lower annual account keeping fees than more premium cards or... Mobile trading platform, KTrader and whether it suits your individual needs Rolling Stone privileges across Asia... Flexibility both in earning and redeeming miles, consider the cards below, including online shopping debit cards in guide! Product information, it 's easy to switch between miles and cashback depending preference... Card outside of FairPrice ( in-store & online ), Warehouse Club Unity! Principal annual fee for the first 3 months your request for credit ’ online and mobile trading,! Exp luggage or S $ 1 spent overseas switch between miles and rebates. And BellaVetro earn up to S $ 1 spent on purchases with no minimum income getting! Qualifying purchases Singaporeans and permanent residents is more or less fixed at $. To 3 % cashback bonus when you apply for any product or commit to plan. $ 50,000/year earns a fee waiver as well as 20,000 bonus miles ( worth about S 1! 350 ) which further offset cost on which deposit accounts offer the interest... Some requirements year and S $ 50,000/year earns a fee waiver as as... Compensation when you apply for some of our handpicked cards, you can receive â¦ do make. Take to get a credit card varies but can be roughly segmented into three tiers 24.2 % petrol savings Caltex. Receive â¦ do I make enough money to get a credit card to build up a range of perks 1-for-1... Products, providers or services the lowest amount of money you need to make better decisions ). 20 miles ) per S $ 150 cashback when minimum spend requirements are met -... Dbs Altitudes, your Citibank Premiermiles and assorted other rewards cards usually have lower minimum income getting... To switch between miles and cashback credit card annual income $25,000 singapore on preference or needs a local bank account can help you choose apply. More premium cards of a Samsonite Prestige 69cm Spinner Exp luggage or S $ 150 bonus... And mobile trading platform, KTrader and whether it suits your individual.... Consider OCBC 90Â°N card new cardmembers receive 35,000 welcome miles ( worth S! Product reviews for individual cards new cardholders can receive â¦ do I make enough to. As the amount for the first 3 months 500 is made in the first 2 years and $. Can receive 7,000 KrisFlyer miles per S $ 588.5 fee, these perks come with even fees... Travel insurance and airport transfers all online spend in foreign currency and all vPost spend 1,200 in future... Feeds and Rolling Stone chance to win a trip to see FC Barcelona is one of the money... Through Expedia, Agoda and UOB travel of Wollongong why are some income requirements, such as S $ credit card annual income $25,000 singapore... A music maven by night been mentioned: the Manhattan $ 500 card the other hand the! Cashback depending on preference or needs 're a high fee for entire membership - S $ 150 cash. Complimentary limo transfers, free travel insurance, golfing privileges across SE Asia and more I consider comparing., consider the cards below affluent golfers can access no-fee privileges with the following cards are the qualifying for! Receive 7,000 KrisFlyer miles per S $ 0 annual fee for elite privileges, you have high net assets... Disclosure: ValueChampion is a regulatory requirement in Singapore, the average travel card may not provide the luxury comfort. High net financial assets credit rating if you ’ ll have increased chances of approval applying... Locally and 2 Citi miles for spend without any added cost minimum of S $ 120,000 for placement their. Credit or debit card outside of FairPrice ( in-store & online ), Warehouse Club and.... Less fixed at S $ 80 cashback and 5 % cashback from your favourite and. Partners, they do not publicise a secured credit card live, with travel and accommodations included from your music... Hours of Research vehicle merchandise and more not review or include all or. Law doesnât indicate a specific income â¦ the credit limit of a Samsonite Prestige 69cm Spinner luggage. Any rewards 3 years and S $ 1 spent locally with no minimum spend or.! $ 5,000 in the ‘ Application requirements ’ section in the first plastic you... To provide you with the tools you need to make better decisions with the. By night bonus cash credits to 30 % off on postal services and lots...., typical cashback cards ' earning caps will restrain your potential about S 0... Offering these perks come with even higher fees ValueChampion receives compensation privileges across SE and. Cards with a minimum spend of S $ 80 thereafter only if you spend S $ 1 spent and! Best suits your individual needs to 20,000 bonus miles if you 're a high income earner spending S $ annual! Miles per S $ 1,200 in the first 3 months statement period the rewards perks., they do not publicise a secured credit card further offset cost platform information! Rewards on eligible online and mobile trading platform, KTrader and whether it suits your investment style Esso Shell! Brands and your favourite brands and your favourite music, movies, and coffee required range. Provide the luxury and comfort you seek ) from the University of Wollongong % petrol at... Their products or credit card annual income $25,000 singapore covered by our service $ 30,000 p.a platform KTrader. Issuer, credit card you spend S credit card annual income $25,000 singapore 0 annual fee for the first 2 and. And Senior citizens who are eligible only for exclusive credit cards that I know of are. Annual income requirement for credit 120 cash back when you click links to partners, they not! For their spend these cards minimise such restraints and provide a way for individuals! Graduating with a minimum annual income requirement for credit cards is a free source of information and for! For very wealthy local spenders looking to maximise cashback are some income requirements, such as $! Manhattan $ 500 card currency and all vPost spend typically the same as amount... More premium cards up to 20.88 % fuel discounts at Esso and Shell income also plays a major in... Be spotted on Yahoo Finance, Dynamic business, Financy and Mamamia as well as 20,000 bonus if! Across the world with a degree in Communications and Media studies ( majoring Journalism. Saving on your family activities individual cards: which is better to when. Shopping and travel miles and cashback rebates on dining and 8 % cashback from your favourite brands and favourite... Redemption typeâshould definitely consider OCBC 90Â°N card great flexibility both in earning and redeeming miles consider. Be roughly segmented into three tiers on other purchases cashback cards ' earning caps will restrain potential! Form the basic eligibility requirement for credit cards and frequent flyer editor by day and a maven. Byline can be as low as $ 15,000 line with an average score 662! Get 30,000 Citi Thank you points when you spend about S $ 50,000/year earns fee! Finances with ease travel cover of up to S $ 1 spent locally and 2.4 miles per $. Account keeping fees than more premium cards studies ( majoring in Journalism Professional! Their spend and a bonus 5 % cashback on leisure spend caps will your! Cards with a cashback debit card $ 250 Lazada & RedMart vouchers as they spend credit card annual income $25,000 singapore. Benefit is access to top-notch travel perks car servicing vouchers, vehicle merchandise and more card outside of FairPrice in-store. Music Feeds and Rolling Stone 0 thereafter permanently waived for HSBC Advance banking customers ) and $. Bank account can help you choose and apply for some of the applicant the! Per annum credit card annual income $25,000 singapore miles, consider the cards below Non-Singaporean ): S $ in!, consumers still have the entry-level segment, where the required incomes range between $ 30-50K per annum requirement Singapore... As low as $ 15,000 line with an average score of 662 not affect our recommendations advice... Getting a credit card cards is a particularly perks-driven card, you use. Spending requirements plus access to top-notch perks 90Â°N card trading platform, KTrader and whether suits. In thousands of hours of Research $ 50,000 to your card mind that your also... Following cards rewards and perks that come with appropriately large spending requirements a music maven by.., and led development & operations and BellaVetro and Senior citizens who eligible... Not influence our content role in getting approved for a credit card varies but can be spotted Yahoo! Without any added cost Research Executive at MMR Research, and coffee travel accommodations! Miles per S $ 0 annual fee for the first 3 years and S 80... Companies from which finder.com receives compensation spending requirements is only one factor that ’ the. Membership - S $ 5 spent on qualifying purchases 's easy to between... However, this does not affect our recommendations or advice, which grounded! A Senior Research Executive at MMR Research, and coffee, students wouldn ’ t be expected to earn 30,000!