As we bid farewell to Singapore's best credit card for miles earlier this month, the brand new HSBC Advance Credit Card while nowhere near as impressive as its predecessor, offers up to 3.5% cashback on all eligible purchases. With the proliferation of unlimited cashback cards in the market, this could be a strong contender in the cashback card market if you typically charge a fairly consistent range of expenses to your credit card each month.
Unlike bonus category cashback credit cards like the Standard Chartered SingPost Platinum Visa Credit Card which offers up to 7% cashback on eligible transactions made online, the HSBC Advance Credit Card offers up to 3.5% cashback on all eligible transaction made online or offline (regardless of spending category) so long as minimum spend of S$2,000 is met each month (otherwise, you will benefit from a lower rate of cashback). Looking at the competition in the market like the Unlimited Cashback Credit Card and the True Cashback Card which offer only 1.5% cashback (albeit unlimited) on eligible transactions, the HSBC Advance Credit Card appears to be a relatively superior card - of course this depends on how much you spend at the end of the day.
|Spend Amount||Customer Type||Cashback Percentage||Cashback Cap||Spend Cap|
|S$2,000 & Below||Regular Customer||1.50%||$70|
|More than S$2,000||Regular Customer||2.50%||$70||$2,800|
The HSBC Advance Credit Card offers a flat 3.5% cashback (2.5% for non HSBC Advance customers) if a minimum of S$2,000 in eligible transactions is charged to the card and the monthly cashback is capped at S$125. This means that any dollar above S$3,571 (or S$2,800 for regular customers) will not earn any additional cashback - you should think about charging these transactions to the Unlimited Cashback Credit Card for instance. While the competition does offer unlimited cashback at 1.5%, you will have to spend at least S$8,333 (or S$4,666 for regular HSBC customers) in order to breakeven with the HSBC Advance Credit Card - this is definitely a card worth considering but do remember that you will have to satisfy the requirements of being a HSBC Advance customer in order to fully maximise the benefits on this card.
The Citi Rewards Card is one of the best credit cards in Singapore to hold in my opinion - it offers 4 miles per dollar on shopping expenses (this includes spend in departmental stores as well) and from time to time it partners up with a merchant to offer 20X Rewards which is equivalent to a whooping 8 miles per S$1. From now until the end of 31 December 2017, cardholders will be able to earn 8 miles per dollar on all eligible transactions made on Lazada or via the Amazon Prime Now App.
While Singaporeans have been able to use an eligible Mastercard for train and bus rides since 20 March 2017, UOB has just announced that customers using the PRVI Mastercard can now earn 1.4 miles per S$1 on all eligible rides in the Account-Based Ticketing (ABT) pilot with Land Transport Authority (LTA) and TransitLink. Even though the UOB PRVI Mastercard gives out 3.5 UNI$ per S$5, transactions in the ABT are processed and charged after a total of S$15 is spent on transit fares or after the charges have been accumulated for up to 5 days - whichever is earlier.
The OCBC Titanium Rewards Card is one of the best credit cards to hold in Singapore - especially if you shop for electronics, clothing or simply use mobile payments (like Apple Pay) a lot. I have previously covered the card in detail where I have also compared it to the Citi Rewards Card which is a credit card for similar purposes. There is currently a targeted opportunity to earn up to 6 miles (15 OCBC$) per SGD on the OCBC Titanium Rewards Card. The word through the grapevine is that OCBC will be extending the 10X OCBC$ on Mobile Payments (supposed to end on 30 September 2017) and they have actually included a Lounge Key Benefit in recent months.
Everyone knows that the DBS Woman's World MasterCard is a credit card to get in Singapore and it does not matter whether you are male or female. While reconciling my DBS Points from last statement's spending on the DBS Woman's World MasterCard, I noticed that I did not get 10X points on some of my transactions - you can request for a breakdown of DBS Points from DBS by sending a message via the secured mailbox.
The OCBC Titanium Rewards Card is one of the best credit cards in Singapore for earning miles and if you wish to understand the dynamics of this credit card, make sure you check out my previous article on everything you need to know about the OCBC Titanium Rewards Card. It appears that OCBC has introduced the opportunity to earn up to 6 miles and 2 miles per dollar on all eligible transactions made on Electronics and Gadgets as well as Dining respectively for selected cardholders. At the moment of writing, only targeted cardholders who have received either an electronic direct mail (EDM) or SMS from OCBC Bank will be able to take advantage of this promotion.
There is a top spot within the OCBC Premier Banking space and that's the Premier Private Client (PPC) - one can 'easily' join this elite group by depositing or investing S$1 million (in fresh funds) and qualifying as an Accredited Investor. What caught my eyes last evening however was the introduction of a dedicated OCBC VOYAGE Card (which I have covered previously) for the PPCs and one of the additional benefits include unlimited airport limousine transfers.
ShopBack is celebrating the upcoming Rewards Day 9.9 (yes that's 09 September 2017!) with up to 39% epic cashback! There will also be exclusive voucher codes and giveaways that will happen on that day itself. For all of us interested in all things travel, you will also be able to enjoy an enhanced cashback rate for hotel and flight bookings made on this very special day - up to 11%!
ShopBack is currently offering 12% cashback on all eligible hotel bookings made on Expedia today - your stay has to be completed before 31 December 2017. Do take note that you will have to use the special Expedia Visa URL in order to take advantage of this 12% cashback promotion. Otherwise, you will be getting 11% instead which is still amazing value for hotels that you already are planning to stay in.
Sign-up for the American Express Singapore Airlines KrisFlyer Credit Card or the American Express Singapore Airlines KrisFlyer Ascend Credit Card via Mileslife between 01 September 2017 and 31 October 2017 to benefit from an additional 2,500 KrisFlyer miles upon first spend on the card. If you use these cards on the Mileslife app, you will earn 2x bonus KrisFlyer miles for everything you spend on the app during the promotional period.
Citibank discontinued the 20X Rewards promotion with Amazon (which equates to 8 miles per S$1) last month and have just introduced Zalora as the newest partner for the 20X Rewards promotion - this will run until 31 October 2017. While this is definitely great for people who shop on Zalora (though I am not sure who in this day and age), it is certainly not as impressive as the Amazon promotion that was running prior to this.