Best 0% Instalment Credit Cards 2019

Whether you are making a big purchase or planning for a wedding, you can benefit from using a credit card that can divide your financial burden into smaller pieces without incurring massive fees. Here, we compare the best credit cards with 0% interest instalment payment plans available in Singapore.

Best Credit Cards for 0% Interest Instalment Plans
Best 0% PlanOCBC Cashflo1% rebate on instalments, no processing fee
Online ShoppingDBS Woman's World4 miles/S$1 spend on online shopping w/ fee waiver
DBS Live Fresh5% cashback on online & contactless spend
SC SP Spree3% cashback on foreign online & vPost spend, no minimums
Best for CashbackPOSB EverydayRebates on essentials + transit perks
HSBC AdvanceUp to 3.5% cashback capped at S$125/month
SC Unlimited1.5% unlimited cashback, EZ-Link compatible
Travel & OverseasDBS Altitude1.2 miles/S$1 locally, 2 miles overseas
SC Visa Infinite3 miles/S$1 overseas, miles for tax-pay

Best Credit Card for 0% Instalment Plan: OCBC Cashflo Card

Consider this if you want to earn rebates on your 0% instalment payments

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000
Promotions:
  • Earn S$50 rebate w/ card approval
  • Up to 55% off single trip travel insurance

If you’re looking for a dedicated credit card for shopping with a 0% interest instalment plan, OCBC Cashflo Card is the absolute best option. Not only does it waive processing fees–most plans charge 3% to 5% of the transaction amount–it also rewards split payments with one of the highest rebate rates on the market. All spend, including these payments, earns 1% flat cashback after S$1,000 spend (0.5% if below). The few competitors who do reward payments have processing fees that cancel out any gains.

Another unique benefit of OCBC Cashflo Card is its unique trigger system that automatically splits large transactions into instalments of 3-to-6 months. Most plans require cardholders to call ahead to apply or call in after to request approval retroactively, which is far less convenient. Finally, unlike most alternatives, OCBC Cashflo Card offers a fee waiver with just S$10,000 annual spend. Ultimately, this card is the only option that allows you to earn a net gain from splitting payments, and even offers market-leading convenience and a fee-waiver.

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  • Annual fee: S$160.5, 2-year waiver, subsequently with S$10,000 annual spend
  • 1% flat rebate with S$1,000 minimum spend (0.5% if below)
  • 0% Interest Instalment Plan with no processing fee, payments earn rebates
  • Trigger scheme automatically splits payments at specified threshold
  • Up to 16% fuel savings with Caltex, 14% with Esso
  • Annual fee: S$160.5, 2-year waiver, subsequently with S$10,000 annual spend
  • 1% flat rebate with S$1,000 minimum spend (0.5% if below)
  • 0% Interest Instalment Plan with no processing fee, payments earn rebates
  • Trigger scheme automatically splits payments at specified threshold
  • Up to 16% fuel savings with Caltex, 14% with Esso

Best Online & Shopping Cards with 0% Instalment Plan

For those who like to shop online with 0% interest instalment plans, we’ve hand-selected the following cards.

Online Shopping Card with 0% Instalment Plan: DBS Woman’s World MasterCard

Consider this if you need to make a large purchase that you can't immediately afford

Annual Income Requirement S$80,000
Foreigner Income Requirement S$80,000
Promotions:
  • Complimentary use of Quayside for 1 trip service (cardholder + 1 companion)

If you’re a big online shopper and prefer paying for your purchases over time, DBS Woman’s World Card is a great option that offers high rewards rates and a 0% instalment plan with no processing fee. Cardholders earn 4 miles per S$1 spend on online shopping, up to 8,000 miles/month (other spend earns just 0.4 miles per S$1 locally and 1.2 miles overseas, however).

What really makes DBS Woman’s World Card stand out, however, it that there’s no processing fee for up to 12 months. Most cards charge fees of 3%-to-5% of the transaction amount, which quickly adds up for larger purchases. DBS Woman’s World Card also comes with a fee-waiver with S$25,000 annual spend. Ultimately, this means online shoppers can spend stress-free and make payments over time while avoiding all kinds of added costs, from interest & processing to annual fees.

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  • Annual fee: S$192.6, 1-year waiver, subsequently with S$25,000 annual spend
  • 4 miles per S$1 spend on online shopping
  • DBS My Preferred Payment Plan (0% interest instalments)
  • Hertz Gold Plus Rewards membership & access to Quayside
  • Up to 15% fuel savings with SPC, 14% with Esso
  • Annual fee: S$192.6, 1-year waiver, subsequently with S$25,000 annual spend
  • 4 miles per S$1 spend on online shopping
  • DBS My Preferred Payment Plan (0% interest instalments)
  • Hertz Gold Plus Rewards membership & access to Quayside
  • Up to 15% fuel savings with SPC, 14% with Esso

Credit Card for Online & Mobile Pay: DBS Live Fresh Card

Consider this if you shop online or use mobile wallet frequently

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000
Promotions:
  • Apply online & receive up to S$180 cashback
  • Earn an extra 5% cashback on transport

If you’re somewhat tech-friendly and looking for all-in-one convenience, DBS Live Fresh Card is an excellent rebate card that rewards online & contactless purchases. Cardholders earn 5% cashback for online spend and payments made with online wallets via Visa payWave. This makes it easy to earn on just about everything you buy, online or offline.

What’s even better about DBS Live Fresh Card is that bigger purchases can easily be split into interest-free instalments with My Preferred Payment Plan. Transactions as low as S$100 can be split across 3, 6 or 12 months with no processing fee. Most plans only split transactions of S$500+ and charge processing fees of up to 5%. This makes DBS Live Fresh Card’s plan more accessible and affordable, especially for online shoppers.

In addition, DBS Live Fresh Card has EZ-Link functionality. This means you can use this card to earn about just about all of your purchases–including the biggest ones–as well as to make your commute more convenient. While there’s a S$600 minimum requirement, cardholders can earn up to S$60/month, so average spenders comfortable with mobile wallets can definitely benefit with DBS Live Fresh Card.

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  • Annual fee: S$128.4, 1-year waiver
  • 5% rebate on online spend & contactless purchases
  • All-in-one card with EZ-Link functionality
  • Annual fee: S$128.4, 1-year waiver
  • 5% rebate on online spend & contactless purchases
  • All-in-one card with EZ-Link functionality

Foreign Currency Online Shopping Card with 0% Interest Instalment Plan: Standard Chartered SingPost Spree Card

Consider this if you shop frequently from websites outside of Singapore

Annual Income Requirement S$30,000
Foreigner Income Requirement S$60,000
Promotions:
  • Receive up to S$80 cashback w/ approval
  • Receive up to S$50 cashback on electric bill w/ OEM sign-up w/ select retailers

Standard Chartered SingPost Spree Card is an excellent option for online shoppers who mostly spend with merchants overseas. Cardholders earn 3% cashback on foreign online & vPost transactions, 2% for local online & contactless purchases, and 1% on general spend, with no minimum requirement–making this card a great option for lower spenders.

SC SingPost Spree Card also comes with the EasyPay, a 0% interest instalment plan that splits transactions of S$500+ across 6 or 12 months. Unlike with most competitors, cardholders earn rewards upfront on purchases made on the plan. There is a 5% processing fee, however, which is worth keeping in mind. Ultimately, SC SingPost Spree Card is a great option if you make purchases on sites like Amazon in foreign currency, and want to earn rewards for these purchases even if you split payments into instalments.

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  • Annual fee: S$192.6, 2-year waiver
  • 3% cashback on foreign online & vPost transactions, 2% local online & contactless transactions
  • 1% cashback on general spend
  • Up to 20% discounts with vPost, SmartPac, Lock+Smart
  • Online Price Guarantee & 0% Interest Instalment Plan
  • Up to 19.8% fuel savings with Caltex
  • Annual fee: S$192.6, 2-year waiver
  • 3% cashback on foreign online & vPost transactions, 2% local online & contactless transactions
  • 1% cashback on general spend
  • Up to 20% discounts with vPost, SmartPac, Lock+Smart
  • Online Price Guarantee & 0% Interest Instalment Plan
  • Up to 19.8% fuel savings with Caltex

No-Fee Cashback for Beauty & Online Fashion: CIMB Visa Signature Card

CIMB Visa Signature
CIMB Visa Signature

Consider this if you want a no-fee credit card for beauty, online fashion & more

Annual Income Requirement Singaporean & Singapore PR: S$30,000. Singaporean & Singapore PR, aged 55 years and above: S$15,000. Applicants who do not meet the minimum income requirement can submit a minimum Fixed Deposit Collateral of S$10,000
Foreigner Income Requirement N/A

If you’re interested in a 0% interest instalment plan but also want to maximise overall cashback, CIMB Visa Signature Card is worth considering. Cardholders earn a market-leading 10% rebate on a variety of expenses, after just a S$800 minimum: groceries, online fashion shopping, beauty spend, petcare, and transactions with cruise lines. Cumulatively, cardholders can earn up to S$100/month, which is quite respectable by market standards.

Cardholders also earn cashback for purchases made on the card’s 0% i.Pay Plan. While the rebate is just 0.2%, few cards reward such purchases at all. Transactions of S$500+ can be split into 6-to-12 month instalments with a 3% processing fee–which is lower than with many alternatives–and larger transactions of S$1,000+ can be split across 24 months with a 5% processing fee. CIMB Visa Signature Card stands out because you can earn top rates as you shop, earn on payments, and never pay an annual fee–making it an exceptional option for those seeking maintenance free cashback and a 0% interest instalment plan.

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  • Annual fee: Free
  • 10% cashback on groceries, online shopping, beauty, petcare & cruise lines
  • Free travel insurance & global concierge
  • CIMB 0% Interest i.Pay Instalment Plan
  • Annual fee: Free
  • 10% cashback on groceries, online shopping, beauty, petcare & cruise lines
  • Free travel insurance & global concierge
  • CIMB 0% Interest i.Pay Instalment Plan

Best Cards with 0% Interest Instalment Plans for High Spenders

No matter the size of your budget, sometimes it’s best to split purchases into instalments. We’ve identified cards with 0% interest instalment plans that also offer great benefits for high spenders.

Best Rebate Card for Essentials + Transit Perks: POSB Everyday Card

Consider this if you are a busy homemaker who want to maximise savings on groceries, cosmetics, pharmaceutical, medical and petrol bills

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000
Promotions:
  • Receive S$120 cashback w/ S$800 spend in 2mo

With POSB Everyday Card, you can earn some of the highest promotional rates on the market for spend on daily essentials. While rates do change, cardholders can typically earn up to 15% rebate on dining, groceries, transport, personal care and even recurring bills. In order to earn at these levels, consumers must meet a Personalised Spend Goal assigned by DBS (based on their average spending behaviour). This may be beneficial to lower spenders who might have a hard time consistently reaching high, rigid minimum requirements. Another perk of POSB Everyday Card is its all-in-one convenience. Not only does the card have ATM and credit capabilities, it can also be used for contactless payments for public transit fares.

In terms of its 0% interest instalment plan, POSB Everyday cardholders can split payments as low as S$100 across up to 12 months with no interest and no processing fee. This makes shopping nearly stress-free. Ultimately, if you’re making purchases for your family or just want rebates on daily essentials, POSB Everyday Card is one of the best options to maximise rewards.

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  • Annual fee: S$192.6, 1-year waiver
  • 15% rebate on online food delivery, 5% dining, 5% groceries at Sheng Siong
  • 15% rebate with select merchants for parking & public transit
  • 5% rebate on select taxis & ride-hailing services
  • 3% rebate on personal care at Watsons
  • 1% rebate on recurring bills with select merchants (capped at S$1/month)
  • Up to 20.1% fuel savings with SPC
  • SimplyGo/ABT capabilities for public transit fares
  • Annual fee: S$192.6, 1-year waiver
  • 15% rebate on online food delivery, 5% dining, 5% groceries at Sheng Siong
  • 15% rebate with select merchants for parking & public transit
  • 5% rebate on select taxis & ride-hailing services
  • 3% rebate on personal care at Watsons
  • 1% rebate on recurring bills with select merchants (capped at S$1/month)
  • Up to 20.1% fuel savings with SPC
  • SimplyGo/ABT capabilities for public transit fares

Best Rebate Card for Affluent Advance Customers: HSBC Advance Card

Consider this if you spend at least S$3,500 per month and are open to a bank account with HSBC

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000
Promotions:
  • Receive Samsonite T5 68cm Spinner luggage or S$150 cashback

HSBC Advance Card is one of the best flat rebate cards on the market for higher spenders who are open to an HSBC Advance banking relationship. Advance customers earn 3.5% flat cashback after just S$2,000 spend (2.5% if lower), up to S$125/month–the highest earning potential for a capped card on the market. Spending S$3,500/month maxes out rewards, earning up to S$1,500/year. Even better, there’s no annual fee for Advance customers.

Cardholders also enjoy HSBC’s Card Balance Conversion Plan, which splits transactions of S$500+ into instalments across 3, 6, or 12 months–all with no interest and no processing fee. Many cards charge fees up to 5% of the transaction amount, which can add up quickly for larger purchases.

It’s worth mentioning that this card is less competitive for non-Advance customers. While all cardholders can access the Balance Conversion Plan, non-Advance customers earn lower rates (2.5% rebate with S$2,000 spend, 1.5% if below) and have a lower cap (just S$70/month). They also must pay a S$180.0 fee, though this is waived with S$12,500 annual spend.

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  • Annual fee: S$192.6, waived for Advance banking customers
  • Up to 3.5% flat rebate for Advance customers (2.5% for others)
  • Up to 16% fuel savings with Caltex, 14% with Shell
  • Annual fee: S$192.6, waived for Advance banking customers
  • Up to 3.5% flat rebate for Advance customers (2.5% for others)
  • Up to 16% fuel savings with Caltex, 14% with Shell

Best Unlimited Cashback Card + EZ Link: Standard Chartered Unlimited Cashback Card

Consider this if you want unlimited amount of cash rebate and can spend more than S$7,000 per month

Annual Income Requirement S$30,000
Foreigner Income Requirement S$60,000
Promotions:
  • Receive up to S$80 cashback w/ approval
  • Unlock up to 5% rebate and S$80 Sign-up bonus when you open Unlimited$aver savings account
  • Receive up to S$50 cashback on electric bill w/ OEM sign-up w/ select retailers

If you’re a high spender, you’re earnings may be constrained by typical cashback caps–in this case, it’s worth considering Standard Chartered Unlimited Cashback Card. Not only do cardholders earn 1.5% unlimited cashback on all spend, they’re also privy to great transport benefits. Similar cards come with very few perks, so SC Unlimited Cashback Card stands out for its EZ-Link functionality and fuel savings up to 21% with Caltex.

Another benefit of SC Unlimited Cashback Card is that cardholders can access EasyPay, a 0% interest instalment plan that rewards purchases upfront. Consumers can split purchases of at least S$500 across 6 or 12 months and immediately earn cashback. Most plans exclude such transactions from earning rewards at all. However, it’s worth noting that instalments come with a 5% processing fee, which detracts from the value of cashback earned. Ultimately, SC Unlimited Cashback Card is the best option for high spenders looking for transport benefits, and who want to earn cashback on all spend–even purchases split into instalments.

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  • Annual fee: S$192.6, 2-year waiver
  • Unlimited 1.5% cashback on all spend
  • EZ-Reload functionality (Auto Top-Ups eligible for rebate)
  • Up to 21% fuel savings with Caltex
  • Annual fee: S$192.6, 2-year waiver
  • Unlimited 1.5% cashback on all spend
  • EZ-Reload functionality (Auto Top-Ups eligible for rebate)
  • Up to 21% fuel savings with Caltex

Best Travel Cards with 0% Interest Instalment Plans

Some of the best travel cards on the market also offer excellent 0% interest instalment plans. We’ve identified our top picks below.

No-Fee Miles Card with Affordable Perks: DBS Altitude Visa Card

Consider this if you want a good miles credit card with an easily waived annual fee

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000
Promotions:
  • Apply online & receive up to 38,000 welcome miles
  • Earn up to 4mi/S$1 spend on commute, 2.4mi at Esso
  • Up to 10 miles per S$1 spend with Kaligo, 6 miles with Expedia

DBS Altitude Visa Card offers travellers respectable miles rates and affordable perks, paired with a potential fee-waiver. Cardholders earn a 1.2 miles per S$1 locally, 2 miles overseas, and 3 miles for online travel booking. Consumers also receive free travel insurance, 2 lounge visits/year, golfing privileges & more. While most travel cards with similar benefits have S$250+ fees, DBS Altitude Card is just S$192.6/year, and this fee can be waived completely with S$25,000 annual spend.

DBS Altitude Card is not only affordable in terms of card fees, it’s also offers a great 0% interest instalments through My Preferred Payment Plan. Transactions as little as S$100 can be split across up to 12 months with no processing fee. While purchases on the plan do not earn rewards, the waived processing fee is an even better benefit–many plans charge up to 5% of the transaction amount, which eclipses value earned by rebates anyways. Ultimately, DBS Altitude Card is a great, affordable travel card that allows consumers to make large purchases fee and stress free.

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  • Annual fee: S$192.6, 1-year waiver, subsequently with S$25,000 annual spend
  • 1.2 miles per S$1 locally, 2 miles overseas, 3 miles for online travel bookings
  • Free travel insurance, 2x lounge visits, golfing & dining privileges
  • DBS My Preferred Payment Plan (0% interest instalments)
  • Up to 15% fuel savings with SPC, 14% with Esso
  • Annual fee: S$192.6, 1-year waiver, subsequently with S$25,000 annual spend
  • 1.2 miles per S$1 locally, 2 miles overseas, 3 miles for online travel bookings
  • Free travel insurance, 2x lounge visits, golfing & dining privileges
  • DBS My Preferred Payment Plan (0% interest instalments)
  • Up to 15% fuel savings with SPC, 14% with Esso

Best Miles for Business Travellers: Standard Chartered Visa Infinite Card

Standard Chartered Visa infinite Credit Card
Standard Chartered Visa infinite Credit Card

Consider this if you travel frequently for business

Annual Income Requirement S$150,000
Foreigner Income Requirement S$150,000
Promotions:
  • Receive up to 35,000 welcome miles
  • Receive up to S$50 cashback on electric bill w/ OEM sign-up w/ select retailers

Standard Chartered Visa Infinite Card is the best miles card for affluent business travellers & high overseas spenders because of its excellent rates, luxury perks, and rewards for banking activity. Cardholders earn 1.4 miles per S$1 locally and 3 miles overseas–amongst the highest rates on the market. In addition, cardholders receive free travel insurance, 6 lounge visits/year, a free yacht hire, golfing privileges and more. But what stands out most is that consumers are even rewarded for paying their income taxes, which is excluded by nearly all other cards on the market.

SC Visa Infinite Cardholders also earn from their biggest purchases of S$500+, split across 6 or 12 months. While there’s a 5% processing fee, cardholders receive rewards upfront for the full transaction amount–fairly rare amongst 0% interest instalment plans. While SC Visa Infinite Card comes with a S$588.5 fee, the high rates, perks, and many ways to earn offset the cost substantially. For high spending travellers who split payments, SC Visa Infinite Card may very well be the best way to maximise earnings.

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  • Annual fee: S$588.5
  • 1.4 miles per S$1 local spend, 3 miles overseas (S$2,000 min spend)
  • 35,000 welcome miles (worth S$350)
  • Tax payments are eligible for rewards points
  • Free travel insurance, 6x lounge access, 1 free 4hr yacht hire
  • Hertz Asia Privileges, Golfing/Dining/Hotel Privileges
  • Up to 25% fuel savings with Caltex
  • Annual fee: S$588.5
  • 1.4 miles per S$1 local spend, 3 miles overseas (S$2,000 min spend)
  • 35,000 welcome miles (worth S$350)
  • Tax payments are eligible for rewards points
  • Free travel insurance, 6x lounge access, 1 free 4hr yacht hire
  • Hertz Asia Privileges, Golfing/Dining/Hotel Privileges
  • Up to 25% fuel savings with Caltex

Best Unlimited Cashback for Affluent Travellers: CIMB Visa Infinite Card

CIMB Visa Infinite Card
CIMB Visa Infinite Card

Consider this if you want a no fee cashback card for travelling

Annual Income Requirement Singaporean & Singapore PR: S$120,000 . Applicants who do not meet the minimum requirement can submit a minimum Fixed Deposit Collateral of S$50,000
Foreigner Income Requirement N/A
Promotions:
  • Apply and receive up to S$80 cash credit

CIMB Visa Infinite Card is the best cashback card for affluent travellers because it offers unlimited earning potential as well as top-notch travel perks. Cardholders earn 1% unlimited cashback on general spend (no minimum requirement) and 2% on travel & overseas transactions (after S$2,000 spend). Perks include free travel insurance, lounge access and discounted limo transfers, which are usually offered by travel cards, rarely by cashback cards.

Another benefit of CIMB Visa Infinite Card is that larger purchases split into instalments can still earn 1% cashback, through the 0% i.Pay Plan. Transactions of $500+ can be split across 6 or 12 months (S$1,000+ for 24 months), for a processing fee of 3% (5% for 24 months). Few cards reward purchases made on a plan, and even fewer offer rebates as high as 1%. And, because CIMB Visa Infinite Card has no annual fee, cardholders can earn on all of their spend maintenance-free. If you’re a high-spending traveller looking for cashback, even on split purchases, CIMB Visa Infinite Card is the best option for you.

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  • Annual fee: Free
  • Unlimited 2% cashback on all travel expenses, foreign currency transactions & overseas spend
  • Unlimited 1% cashback on all other spend
  • Free travel insurance, 3x lounge access, discounted limo transfers
  • CIMB 0% Interest i.Pay Instalment Plan
  • Annual fee: Free
  • Unlimited 2% cashback on all travel expenses, foreign currency transactions & overseas spend
  • Unlimited 1% cashback on all other spend
  • Free travel insurance, 3x lounge access, discounted limo transfers
  • CIMB 0% Interest i.Pay Instalment Plan

Cashback for Small Dining & Overseas Budgets: Standard Chartered Rewards+ Card

Consider this if you want a credit card for dining & foreign currency or overseas spending

Annual Income Requirement S$30,000
Foreigner Income Requirement S$60,000
Promotions:
  • Receive up to S$80 cashback w/ approval
  • Receive up to S$50 cashback on electric bill w/ OEM sign-up w/ select retailers

If you’re looking for a supplemental card that maximises a smaller overseas & dining budget, Standard Chartered Rewards+ Card is likely the best option. Consumers spending S$250–S$350/month in these categories can earn higher rewards rates without worrying about a minimum spend requirement. While other cards would only offer 0.3% cashback at this spend level, SC Rewards+ Card offers consumers 2.9 miles per S$1 overseas and 1.45 miles on dining (approx. 2.9% and 1.45% cashback). Earnings are capped at a low 8,000 miles/year (about S$80 value), so higher spenders may be better off with alternative cards. However, access to the EasyPay 0% instalment plan may be of added interest; transactions of S$500+ can be split across up to 12 months for a 5% processing fee, and purchases are still eligible to earn rebates.

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  • Annual fee: S$192.6, 1-year waiver
  • 10 pts (2.9 mi) per S$1 overseas, 5 pts (1.45 mi) on dining, 1 pt (0.29 mi) on general spend
  • Free travel insurance & Fullerton Hotel dining privileges
  • Up to 19.8% fuel savings with Caltex
  • Annual fee: S$192.6, 1-year waiver
  • 10 pts (2.9 mi) per S$1 overseas, 5 pts (1.45 mi) on dining, 1 pt (0.29 mi) on general spend
  • Free travel insurance & Fullerton Hotel dining privileges
  • Up to 19.8% fuel savings with Caltex

Best Health & Transport Card with 0% Interest Instalment Plan: CIMB Platinum MasterCard

CIMB Platinum Mastercard
CIMB Platinum Mastercard

Consider this if you want a specialised rebate credit card for health, transport and dining

Annual Income Requirement Singaporean & Singapore PR: S$30,000. Singaporean & Singapore PR, aged 55 years and above: S$15,000. Applicants who do not meet the minimum income requirement can submit a minimum Fixed Deposit Collateral of S$10,000
Foreigner Income Requirement N/A
Promotions:
  • Apply and receive up to S$80 cash credit

No card offers a higher rewards rate for health, transport and dining spend than CIMB Platinum MasterCard. Cardholders earn 10% cashback on medical spend ranging from doctors visits to personal care facilities & beyond–few other cards, in comparison, reward health spend at all. In addition, cardholders earn 10% cashback on transport & petrol, global dining, travel spend in foreign currency, and transactions with select electronics/furnishings vendors, which is quite a broad range. Earnings can reach up to S$20/category, adding to a potential S$100/month.

Cardholders also have access to the CIMB 0% i.Pay Plan, which splits transactions of S$500+ across 6 or 12 months (S$1,000+ for 24 months). There’s a 3% processing fee (5% for 24 months), but purchases on the plan earn cashback. While the rebate for such transactions is just 0.2%, few plans reward such transactions at all. CIMB Platinum MasterCard is also free forever, making shopping just a bit more stress-free. Ultimately, CIMB Platinum MasterCard is an excellent option if you want to earn on all of your spend, even for transactions split into instalments.

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  • Annual fee: Free
  • 10% cashback on medical, transport & petrol, dining, overseas travel & select electronics/furnishings vendors
  • CIMB 0% Interest i.Pay Instalment Plan
  • Annual fee: Free
  • 10% cashback on medical, transport & petrol, dining, overseas travel & select electronics/furnishings vendors
  • CIMB 0% Interest i.Pay Instalment Plan

Best Card with 0% Interest Instalment Plan & Golfing Privileges: CIMB World MasterCard

CIMB World Mastercard
CIMB World Mastercard

Consider this if you want a free credit card with golf benefits

Annual Income Requirement Singaporean & Singapore PR: S$50,000. Applicants who do not meet the minimum requirement can submit a minimum Fixed Deposit Collateral of S$50,000
Foreigner Income Requirement N/A
Promotions:
  • Apply and receive up to S$80 cash credit

CIMB World MasterCard is not only the best cashback card for golfers, it also offers some of the highest unlimited rebate rates on the market. Cardholders earn 1.5% unlimited cashback on general spend, which aligns with competitors, but enjoy a boost to 2% cashback on wine & dine, entertainment, recreation, automobile & parking, petrol and spend at duty-free stores. These unlimited rewards for leisure pair well with CIMB World Card’s benefits and privileges. Cardholders receive complimentary green fees at 40 fairways across SE Asia, up to 160 flights/year, as well as free travel insurance and airport lounge access. And, beyond it all, CIMB World Card is free forever, making the card truly maintenance-free.

Cardholders may also be interested in the CIMB 0% i.Pay Plan. Transactions of S$500+ can be split across 6 or 12 months (S$1,000+ for 24 months), for a 3% processing fee (5% for 24 months). Despite the fee, cardholders earn 1.5% cashback on purchases made on the plan. Most cards exclude such purchases or offer far lower rebate rates. Overall, CIMB World MasterCard is the best no-fee cashback option for golfers and affluent leisure-spenders, and also offers cardholders a way to earn on even their split purchases.

Read Our Full Review

  • Annual fee: Free
  • Unlimited 2% cashback on wine & dine, entertainment, recreation, automobile & parking, petrol, and duty-free stores spend (locally & overseas)
  • Unlimited 1.5% cashback on all other spend
  • Complimentary green fees at 40 fairways in SE Asia
  • Free travel insurance, access to MasterCard Airport Experiences
  • CIMB 0% Interest i.Pay Instalment Plan
  • Annual fee: Free
  • Unlimited 2% cashback on wine & dine, entertainment, recreation, automobile & parking, petrol, and duty-free stores spend (locally & overseas)
  • Unlimited 1.5% cashback on all other spend
  • Complimentary green fees at 40 fairways in SE Asia
  • Free travel insurance, access to MasterCard Airport Experiences

Summary of Best Credit Cards with 0% Interest Instalment Plans for 2019

Below, we've prepared a summary of our picks for the best credit cards with 0% Interest Instalment Plans for 2019.

CardBest for...Annual Fee
OCBC CashfloAutomatic Payment SplitS$160.5 (waiver)
DBS Woman's WorldMiles for Online ShoppingS$192.6 (waiver)
POSB EverydayRebates on EssentialsS$192.6
HSBC AdvanceAffluent Advance CustomersS$192.6 (waiver)
SC Rewards+Overseas & DiningS$192.6
CardBest for...Annual Fee
OCBC CashfloAutomatic Payment SplitS$160.5 (waiver)
DBS Woman's WorldMiles for Online ShoppingS$192.6 (waiver)
POSB EverydayRebates on EssentialsS$192.6
HSBC AdvanceAffluent Advance CustomersS$192.6 (waiver)
SC Rewards+Overseas & DiningS$192.6

Compare the Best 0% Instalment Credit Cards by Dollar Value

Below is a visual representation of the approximate savings one can earn by using the best credit cards for 0% interest instalment plans in Singapore. These dollar values* represent the approximate amount of rewards a person can earn in cash rebate & air miles when spending S$2,000 per month for 2 years. However, this amount can vary widely depending on what your spending habit looks like and how you redeem your miles.

A graph displaying how the best 0% instalment credit cards compare to one another in terms of their rewards
Best 0% Instalment Credit Cards in Singapore by Estimated 2-Year Dollar Value

*ValueChampion calculates the dollar value of rewards based on S$2,000 of monthly spending. We sum the value of points, miles and cashback in dollar terms and subtract the annual fee over a 24-month period. The estimates here are ValueChampion's alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Carrie Arndt

Carrie is a Senior Analyst at ValueChampion, specialising in credit cards in Singapore. She previously led consumer studies worldwide as a Senior Research Executive at MMR Research.

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