3 Best Credit Cards For Women In Singapore
The modern Singaporean woman wears many hats – the corporate leader, mother, wife, or perhaps, carving her niche in a male-dominated domain. Whether you are paying for a business lunch, shopping for your next luxury bag or buying grocery for the family, you can do with a little help with the right credit card. Here, we list some of the best credit cards that cater to the needs of three types of Singaporean women.
For the Corporate High-Flyer: UOB Lady's Card
- Pros
- High miles rewards (30 miles per $5 spent) on one category of spending
- No minimum spend
- Cons
- Cap of 2,800 bonus UNI$ (5,600 miles, equivalent to S$1,000 spend) per month
- Points have a 2 year expiry
Are you one of those sharp-looking ladies always immaculately dressed in a pencil skirt, high heels and carrying the latest Chanel/Louis Vuitton/Celine bag? If you love buying luxury goods but are also consistently on top of your finances, then the UOB Ladies card is made for you.
Other than giving you the chance to earn 15X UNI$ on your card spend, the UOB Lady's LuxePay Plan can help you manage your luxury shopping purchases. With this programme, you can put your new luxury purchases worth S$500 or more on a 6- or 12-month interest-free instalment plan. This allows you to better manage your month-on-month cashflow and avoid the burden of a lump-sum payment.
Of course, looking the part is only one aspect. As part of the shopping and dining benefits of this credit card, you'll also get to enjoy exciting deals specially curated for you ranging from facials, workout packages and many more.
The main attractive feature of the UOB Lady's Card that is it offers you the freedom to define your own rewards across categories from fashion to dining, beauty and wellness, family, transport, entertainment, and travel. You also have the flexibility to change your spending categories every quarter to suit your ever-changing lifestyle and reap the rewards along the way.
For the Avid Traveller: DBS Woman's World Credit Card
- Pros
- 0% interest payment plans available
- Good rewards for online shopping
- Online purchase protection
- Cons
- Lacks travel perks
- Limited rewards categories
The DBS Woman's World Credit Card is a great option for women who are avid travellers looking to maximise their returns. On a day-to-day basis, you are able to earn up to 2X DBS Points (or 4 miles) per S$1 spent on online and overseas purchases. This is comparable with other miles cards in terms of rewards for daily spend.
Where is starts to get more enticing is the card's travel specific perks. You can earn an extra 5% on your overseas shopping and dining expenditure. You are also able to get up to S$100 off hotel and flight bookings with Trip.com and up to 10% cashback on accomodation bookings with Booking.com. You can significantly reduce the cost of your holidays by taking advantage of these perks while planning your trip.
On top of that, the DBS Woman's World Card offers 0% Interest for payment plans ranging form 3 to 24 months. This gives you the option to finance your travels for at much lower cost than if you were to simply charge it to your credit card, allowing you to travel without breaking the bank.
For the Foodie Lover: Maybank World MasterCard Credit Card
- Pros
- Great perks for golfers who enjoy local and global courses
- Good fit for budgets between S$1,000 to S$2,000 monthly
- Awards dining and high-end retail shopping
- Cons
- Not a good fit for non-golfers or infrequent golfers
- Doesn't reward everyday spend
- Lacks travel perks and privileges
The Maybank World Mastercard is a rewards card that lets you earn accelerated TREATS points (or 4 air miles) for every S$1 spent. Your TREAT points never expire and, most importantly, you get 10X TREAT points at Paradise Group, Imperial Treasure, Le Amis Group and even Resorts World Sentosa Restaurents. This is perfect for those who like to treat themselves to dining out after a hard week as it covered a variety of dining experiences from the mid to high end.
The card also comes with lots of lifestyle privileges curated for women, such as accelerated TREATS points for certain luxury retailers like Salvatore Ferragamo, LongChamp and even Versace, giving you the flexibility to redeem your rewards against a comprehensive list of merchants catered specially for those who enjoy the finer things in life.
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Duckju (DJ) is the founder and CEO of ValueChampion. He covers the financial services industry, consumer finance products, budgeting and investing. He previously worked at hedge funds such as Tiger Asia and Cadian Capital. He graduated from Yale University with a Bachelor of Arts degree in Economics with honors, Magna Cum Laude. His work has been featured on major international media such as CNBC, Bloomberg, CNN, the Straits Times, Today and more.