Newest Credit score Card Signal-up Bonuses & Promotions in Singapore (August 2022)

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I have a number of posts in scattered about featuring various credit card sign-up promotions. To make them easier to view, I have compiled them here. For my readers who are used to my bank-specific promotions – I present to you a one-stop glance into what three major card issuing companies – HSBC, Citibank, American Express and Standard Chartered are offering at this point in time. Promotion durations are also listed below for convenience.

The credit card sign-up gifts are indeed quite attractive but do note that to get the higher valued gift, you would need to be a new cardholder. A new cardholder is defined as one who has not possessed a card by the respective card issuing company for at least 12 months. A common strategy by some folks is that they sign up for a card by xxx company, cancel the card after receiving the gift, wait for another 12 months then reapply. If you are an existing cardholder and simply wish to get a different card by the same company for the card benefits, you can also get a cash reward of S$30 (only valid for HSBC, Citibank and SCB).

Citibank

You can get an Samsonite Straren Spinner 67/24 (worth S$600) or Sony WH-1000XM5 headphones (worth S$569) or Dyson Supersonic hairdryer (worth S$649) or S$350 cash via PayNow if you sign up as a new Citi cardholder (no credit card by the same issuing company in the last 12 months) and spend S$500 within 30 days from approval. Existing cardholders will receive S$30 cash via PayNow with no minimum spend requirement.

There are 5 kinds of Citibank credit cards included in this promotion. Promo period is until 7th August 2022 (11:59PM)

Citi Cashback

Earn 8% cashback on dining, groceries and petrol spend. 

Annual Fee: S$192.60 (waived for first year)

Minimum Income Requirement: S$30,000 per year (Singaporean/PR); S$42,000 (foreigner)

Citi Cash Back+ Mastercard®

Earn 1.6% cashback on all spend with no minimum spend required or cap on cashback to be earned. Plus, cashback earned does not expire.

Annual Fee: S$192.60 (waived for first year)

Minimum Income Requirement: S$30,000 per year (Singaporean/PR); S$42,000 (foreigner)

Citi Rewards

A must-have in every wallet (both physical and virtual), the Citibank Rewards Mastercard earns you 4 miles per S$1 spend on retail stores that sell bags, clothes and shoes. You also qualify for 4 miles per S$1 on online merchants like Lazada, Amazon, Shopee, etc. 

Annual Fee: S$192.60 (waived for first year)

Minimum Income Requirement: S$30,000 per year (Singaporean/PR); S$42,000 (foreigner)

Citi Premiermiles

Earn 1.2 miles per S$1 on local spend and 2 miles per S$1 on international spend. Earned miles will never expire. Citibank also has the most number of airline partners to redeem from.

Annual Fee: S$192.60 (waived for first year)

Minimum Income Requirement: S$30,000 per year (Singaporean/PR); S$42,000 (foreigner)

Citi Prestige

Earn 1.3 miles per S$1 on local spend and 2 miles per S$1 on overseas spend. One night free for every four night stay in any hotel.

Annual fee: S$535 (no annual fee waiver)

Minimum Income: S$120,000 per year

Standard Chartered Bank

For Standard Chartered, they have a Dyson or Xiaomi promotion this month. Receive either S$300 cash or Dyson AM07 Tower Fan (worth S$499) or  Xiaomi Mi Robot Vacuum Mop 2 (worth S$399) when you sign up for their new Standard Chartered Smart Credit Card as a new cardholder (no credit card by the same issuing company in the last 12 months) and spend S$350 within 30 days. This credit card gives 6% cashback for MRT/bus rides, Toast Box, McDonald’s, Ya Kun Kaya Toast, Netflix and Disney+. Existing SCB cardholders will receive S$30 by meeting the minimum spend.

The SCB offer is valid until 10th August 2022 (11:59PM). 

Standard Chartered Smart Credit Card

Earn 6% on Bus/MRT rides, Toast Box, Ya Kun Kaya Toast, Netflix and Disney +, among others, without a minimum spend.

Annual Fee: S$192.60 (waived for two years)

Minimum Income Requirement: S$30,000 per year (Singaporean/PR); S$42,000 (foreigner)

DBS

Receive 60,000 miles (new cardholder) / 40,000 miles (existing DBS cardholder) when you sign-up for the new DBS Vantage Card by 31st July 2022 (11:59PM) and pay the annual fee of S$588.50 and spend S$8,000 within 60 days of receiving the card. New cardholders are defined as those who have not held a DBS card in the last 12 months.

DBS Vantage Card

Earn 1.5 miles per S$1 (local spend / 2.2 miles per S$1 overseas spend / 4 miles per S$1 on dining and petrol.

Get free Accor Plus Explorer membership with 1 free night, up to 50% off dining and other privileges.

Get 10 free airport lounge visits per year with the Priority Pass.

Annual Fee: S$588.50 (non-waivable for first year)

Minimum Income Requirement: S$120,000 per year (Singaporean/PR/foreigner)

American Express

The American Express® Singapore Airlines KrisFlyer Credit Card

For American Express, there is also a new promotion where you can receive an Apple AirPods Pro or Ergotune Classic Office Chair or S$250 cash (via PayNow) when you apply for an American Express Singapore Airlines KrisFlyer Credit Card card as a new cardholder (no credit card by the same issuing company in the last 12 months) and charge S$1,000 within 2 months after approval. 

The American Express offer is valid until 18th July 2022. 

Earn up to 3.1 miles for every S$1 spend on eligible spend. Earn S$150 Cashback at Singapore Airlines, only when you spend S$12,000 on eligible purchases between 1 July 2020 to 30 June 2022.

Annual Fee: S$171.60 (waived for first year)

Minimum Income Requirement: S$30,000 per year (Singapore citizens and PR) / S$60,000 (foreigners)

The American Express® Singapore Airlines Ascend KrisFlyer Credit Card

If you sign up for the Ascend credit card as a new cardholder (no credit card by the same issuing company in the last 12 months), you can get either an ErgoTune Supreme (worth S$599) or Xiaomi Redmi Note 11 Pro 5G 8+128GB (worth S$429) or S$250 cash via PayNow upon S$500 spend in 1 month of card approval and annual fee payment.

The American Express offer is valid until 30th June 2022. 

Receive 5,000 KrisFlyer miles as a welcome bonus after making your first spend (for first time AMEX Singapore airlines credit card applicants). Earn up to 3.2 miles for every S$1 spend. Enjoy a free night each year at participating Hilton hotels in Asia Pacific and enjoy 4 free lounge passes to any participating SATS Premier and Plaza Premium lounges each year. 

Annual Fee: S$337.05

Minimum Income Requirement: S$50,000 per year (Singapore citizens and PR) / S$60,000 (foreigners)

Why is the sign-up gift so attractive?

The traditional way of getting new card sign ups – that of hiring promoters and organizing roadshows in areas with heavy foot traffic – actually cost a lot of money. Many card companies have resorted to doing it online for the past few years – often through the help of aggregators such as Singsaver. The cost saving allows them to offer attractive gifts from time to time such as cash, luggage gadgets, furniture or appliances. In some cases, both the credit card issuing bank and Singsaver could also jointly fund the gift.

Fulfillment of this promotion is done by Singsaver. You can check here for the full T&C.

Bino

Let me know your thoughts by leaving a comment below. Alternatively, you can also email me at b i n o (at) iwandered.net. You can follow I Wander on Facebook, Twitter, or Instagram.
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