Best Credit Cards for High Income Earners 2019

If you are a high spender who earns S$120,000 or more annually, there is a different set of credit cards designed to specifically target your wants and needs. Below, we analyse and compare the best credit cards for high income earners, each of whom provide a very distinctive set of benefits.

Best Credit Cards for High Income Earners
Overall MilesUOB PRVI MilesFee-Waiver & 20,000 bonus miles, 2.4 miles per $1 overseas
Overall CashbackHSBC AdvanceUp to 3.5% cashback capped at S$125/month
Luxury Travel PerksCiti PrestigeUnlimited lounge access, free hotel nights, JetQuay access & more
OCBC VoyageElite perks w/ hassle free, no-fee miles redemption
Amex Plat ReserveTower Club Singapore Membership, Far Card Classic Membership & more
Business TravellersSC Visa InfiniteMarket-leading 3 miles per S$1 overseas, rewards for tax payments
HSBC Visa InfiniteUnlimited lounge access, expedited immigration clearance & more
Unlimited CashbackSC Unlimited1.5% unlimited cashback, EZ-Link compatible
Amex True CB1.5% unlimited cashback with Amex benefits
MB FC Barcelona1.6% unlimited local cashback, easy fee-waiver
CIMB Visa Infinite1% unlimited cashback, 2% travel & foreign currency, no annual fee
Golfing PrivilegesMB World & CIMB WorldComplimentary green fees worldwide + miles or cashback

Best Overall Air Miles Card for High Income Earners: UOB PRVI Miles American Express Card

Consider this if you want to maximise mile rewards without paying an extravagant annual fee

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000
Promotions:
  • Up to S$100 worth of free Grab rides with min. S$1,000 spend within 1st month
  • Up to 10 miles per S$1 spend with Kaligo

UOB PRVI Miles American Express Card is the absolute best travel card on the market for affluent consumers looking to rapidly accrue miles for their spend. Cardholders earn top rates of 1.4 miles per S$1 local spend, 2.4 miles overseas, and 10 miles with hotels & airlines. These rates are on par with those of the priciest travel cards, but UOB PRVI Miles Card has a much lower annual fee, of S$256.8 (compared to S$400+).

Even better, spending S$50,000/year earns a fee waiver as well as 20,000 bonus miles (worth about S$200). This kind of offer is unparalleled by any other miles-earning card on the market. Beyond these benefits, consumers can also enjoy a few perks like free travel insurance and airport transfers. Ultimately, if you spend about S$4,200/month, UOB PRVI Miles Card can maximise miles for spend without any added cost.

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  • Annual fee: S$256.8, 1-year waiver, subsequently with S$50,000 annual spend
  • 20,000 bonus annual renewal miles (worth S$200) with S$50,000 annual spend
  • 1.4 miles per S$1 local spend, 2.4 miles overseas, 10 miles at major airlines & airports
  • 8 free limo transfers & free travel insurance
  • UOB PRVI Travel Butler & Amex Essentials
  • Annual fee: S$256.8, 1-year waiver, subsequently with S$50,000 annual spend
  • 20,000 bonus annual renewal miles (worth S$200) with S$50,000 annual spend
  • 1.4 miles per S$1 local spend, 2.4 miles overseas, 10 miles at major airlines & airports
  • 8 free limo transfers & free travel insurance
  • UOB PRVI Travel Butler & Amex Essentials

Best Overall Cashback Card for High Income Earners: 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:
  • A Samsonite Astra 55cm luggage (worth S$350) or S$100 cash back for new customers (S$50 for existing customers)
  • Bonus 5% cashback on contactless payments, up to S$100
  • Up to 10% discount on hotel bookings with Expedia, Agoda

HSBC Advance Card offers consumers spending S$3,500/month the opportunity to earn an incredible S$1,500/year–the highest potential earning value on the market for capped cashback cards. Consumers with an HSBC Advance banking account can earn 3.5% flat rebate after S$2,000 minimum spend (2.5% if below), up to S$125/month. They’re also exempt from an annual fee, making this card both profitable and extremely low maintenance.

Non-Advance customers, however, earn 2.5% flat rebate after S$2,000 spend (1.5% if below), up to S$70/month. These rates are less competitive. In addition, non-Advance customers must pay a S$192.6 annual fee (though it can be waived with S$12,500 annual spend).

Overall, this card is perfect for higher spenders with an Advance account because while there’s a monthly cap, it’s very high, and the rebate rate is more than double that offered by unlimited cashback cards. Ultimately, it’s worth checking to see if you qualify for an HSBC account, because HSBC Advance Card offers an exceptional way to quickly maximise spend, with fewer restraints than other cashback cards.

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  • Annual fee: S$180.0, 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$180.0, 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 Credit Cards for Luxury Travel Perks for High Income Earners

If you’re an affluent traveller and don’t mind paying a high annual fee for elite privileges, you may be interested in the following travel cards, which offer some of the most exclusive perks on the market.

Best Miles Credit Card for Exclusive Travel Perks & Privileges: Citi Prestige MasterCard

Consider this if you want special travel perks like free hotel nights and unlimited lounge access

Annual Income Requirement S$120,000
Foreigner Income Requirement S$120,000
Promotions:
  • Welcome gift of 25,000 miles upon card approval
  • Earn up to 10 miles per S$1 spend on hotel bookings at Kaligo

Citi Prestige MasterCard is the absolute best travel card on the market for luxury travel benefits. Cardholders enjoy unlimited airport lounge access, free bonus hotel nights, complimentary limo transfers, access to JetQuay, golfing privileges, free travel insurance and so much more. In addition, cardholders earn top rewards rates of 1.3 miles per S$1 locally and 2.4 miles overseas, plus an annual bonus of up to 30% based on tenure of relationship with Citibank. As if that weren’t enough, cardholders receive 25,000 bonus renewal miles per year (worth S$250), which substantially offset the S$535 fee. While expensive, Citi Prestige Card more than makes up for its cost with the value of its luxury benefits and top rewards rates.

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  • Annual fee: S$535
  • 1.3 miles per S$1 local spend, 2.4 miles overseas
  • 25,000 annual renewal miles (worth S$250)
  • 15%-30% annual Citi relationship bonus
  • Unlimited lounge access, travel insurance, free hotel nights & more
  • Up to 14% fuel savings with Esso & Shell
  • Annual fee: S$535
  • 1.3 miles per S$1 local spend, 2.4 miles overseas
  • 25,000 annual renewal miles (worth S$250)
  • 15%-30% annual Citi relationship bonus
  • Unlimited lounge access, travel insurance, free hotel nights & more
  • Up to 14% fuel savings with Esso & Shell

Best Travel Credit Card for Flexible Miles Redemption: OCBC Voyage Card

Consider this if you want flexible miles redemption and dine out frequently

Annual Income Requirement S$120,000
Foreigner Income Requirement S$120,000
Promotions:
  • Up to 7% off worldwide hotel bookings with Agoda

OCBC Voyage Card is the best miles-earning card for affluent consumers with a shifting travel schedule. Cardholders earn 2.3 miles per S$1 overseas, 1.2 miles locally, and 1.6 miles on local dining–a unique boost unavailable with other cards. In addition, cardholders can redeem their miles with no conversion fees and without black-out dates, making OCBC Voyage Card especially flexible.

While OCBC Voyage Card has a rather high S$488 fee, it also comes with a variety of luxury travel privileges that make up for this cost. Cardholders receive unlimited lounge access, complimentary limo transfers, free travel insurance, golfing privileges across SE Asia and more. Most cards offering these perks come with even higher fees. Ultimately, OCBC Voyage Card provides affluent travellers with great flexibility both in earning and redeeming miles, plus access to top-notch perks.

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  • Annual fee: S$488
  • 1.2 miles per S$1 local spend, 1.6 miles local dining, 2.3 miles overseas
  • Unlimited lounge access, free limo transfers, golfing privileges
  • Free travel insurance & global concierge service
  • Up to 19% fuel savings with Caltex
  • Annual fee: S$488
  • 1.2 miles per S$1 local spend, 1.6 miles local dining, 2.3 miles overseas
  • Unlimited lounge access, free limo transfers, golfing privileges
  • Free travel insurance & global concierge service
  • Up to 19% fuel savings with Caltex

Best Credit Card for Exclusive Memberships in Singapore: American Express Platinum Reserve Card

American Express Platinum Reserve Credit Card
American Express Platinum Reserve Credit Card

Consider this if you want discounts and access to elite clubs and hotels in Singapore

Annual Income Requirement S$150,000
Foreigner Income Requirement S$150,000
Promotions:
  • Free 3D2N stay every year at Frasers Hospitality properties
  • Receive 50,000 Points (27,778 miles) with S$5,000 spend in 1st 6 months

American Express Platinum Reserve Credit Card offers high-earners both access to and excellent discounts with the top dining, hotel, and nightlife establishments in Singapore. In addition to complimentary access to the Members-only Tower Club (worth about S$1,450/year), Far Card Classic Membership (worth S$425), and golfing privileges throughout SE Asia, cardholders can also enjoy a full suite of American Express benefits, from Amex Selects to Global Assist & 24 Hour Concierge.

Amex Platinum Reserve Card also stands out for its extraordinary bonus offers, including a free 3-day, 2-night stay every year at select hotel properties worldwide and 50,000 Points (27,778 miles) with S$5,000 spend in the first 6 months. This card is better for elite local privileges than for earning miles, however. Cardholders earn just 0.69 miles per S$1 general spend, including overseas, and 3.47 miles for spend with a limited selection of merchants. The real value, validating the S$535 fee, is derived from Amex Platinum Reserve Card’s unparalleled luxury perks within Singapore.

  • Annual fee: S$535
  • 1.25 Points (0.69 miles) per S$1 general spend, 6.25 Pts (3.47 miles) with select merchants
  • Free access to Members-only Tower Club Singapore (worth S$1,450/year), Far Card Classic Membership (worth S$425), golfing privileges in SE Asia
  • Full suite of Amex benefits (Amex Selects & Global Dining Program, Amex Chillax nightlife privileges, Live the World curated discounts, Global Assist & 24 Hour Concierge)
  • Free travel insurance & waiver for miles conversion fees
  • Up to 21% fuel savings with SPC
  • Annual fee: S$535
  • 1.25 Points (0.69 miles) per S$1 general spend, 6.25 Pts (3.47 miles) with select merchants
  • Free access to Members-only Tower Club Singapore (worth S$1,450/year), Far Card Classic Membership (worth S$425), golfing privileges in SE Asia
  • Full suite of Amex benefits (Amex Selects & Global Dining Program, Amex Chillax nightlife privileges, Live the World curated discounts, Global Assist & 24 Hour Concierge)
  • Free travel insurance & waiver for miles conversion fees
  • Up to 21% fuel savings with SPC

Best Credit Cards for Business Travellers with High Incomes

We’ve 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).

Best Travel Credit Card for Overseas Spend & Banking Rewards: Standard Chartered Visa Infinite Card

Consider this if you travel frequently for business

Annual Income Requirement S$150,000
Foreigner Income Requirement S$150,000
Promotions:
  • Up to S$100 in cashback + Up to S$150 in Prime Now credits, 10% cashback & free Amazon Prime

Standard Chartered Visa Infinite Card is perfect for affluent business travellers because it not only offers the best rewards rates on the market–1.4 miles per S$1 local spend, 3 miles overseas–it also rewards banking activity. While almost all other cards exclude banking transactions, SC Visa Infinite Card actively rewards cardholders for income tax payments, fixed deposits, investments, savings accounts, mortgage loans and more.

Another SC Visa Infinite Card benefit is access to top-notch travel perks. Cardholders are given a free yacht hire, 6 airport lounge visits per year, free travel insurance, Hertz Asia privileges, regional golfing privileges and more. While there’s a S$588.5 fee, these perks balance the cost. In addition, new cardmembers receive 35,000 welcome miles (worth S$350) which further offset cost. Ultimately, SC Visa Infinite Card is the best option on the market for business travellers with high overseas spend, especially for those seeking rewards for banking activity.

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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, 15% rebate on Grab
  • 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, 15% rebate on Grab

Best Travel Credit Card for Airport Perks & Benefits: HSBC Visa Infinite Card

HSBC Infinite Visa Card
HSBC Infinite Visa Card

Consider this if you want a comprehensive set of airport benefits like expedited immigration clearance

Annual Income Requirement S$120,000
Foreigner Income Requirement S$120,000
Promotions:
  • Receive up to 40,000 welcome miles on approval

HSBC Visa Infinite Card stands out first and foremost for its exceptional airport benefits, making it one of the best cards for affluent business travellers. While rewards rates are rather low for a travel card (1 mile per S$1 locally & 2 miles overseas during 1st year, 1.25 locally & 2.25 overseas subsequently with S$50,000 annual spend), cardholders can enjoy unique perks like expedited immigration clearance. Cardholders also receive unlimited lounge access, free limo transfers and travel insurance, making travel far more comfortable and convenient. While there’s a remarkably high S$650 fee, it’s discounted to S$488 for HSBC Premier customers and may well be worth it for its premium perks for frequent travellers.

  • Annual fee: S$650 (S$488 for HSBC Premier customers)
  • 1st Year: 1 mile per S$1 local spend, 2 miles overseas
  • Thereafter: 1.25 miles per S$1 local spend, 2.25 miles overseas (with S$50,000 annual spend)
  • Unlimited lounge access, travel insurance, golfing privileges, free limo transfers & expedited immigration clearance (1x/S$2,000 spend, up to 24x/year)
  • Up to 20.2% fuel savings with Caltex, 14% with Shell
  • Annual fee: S$650 (S$488 for HSBC Premier customers)
  • 1st Year: 1 mile per S$1 local spend, 2 miles overseas
  • Thereafter: 1.25 miles per S$1 local spend, 2.25 miles overseas (with S$50,000 annual spend)
  • Unlimited lounge access, travel insurance, golfing privileges, free limo transfers & expedited immigration clearance (1x/S$2,000 spend, up to 24x/year)
  • Up to 20.2% fuel savings with Caltex, 14% with Shell

Best Unlimited Cashback Cards for High Income Earners

If you’re a high-spender, you may feel limited by the earnings caps of most cashback cards. The options below offer some of the best ways to access both unlimited rewards and a few extra perks and privileges.

Best Unlimited Cashback Card with 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:
  • Up to S$100 in cashback + Up to S$150 in Prime Now credits, 10% cashback & free Amazon Prime

If capped cashback cards are keeping you from your full earning potential, consider Standard Chartered Unlimited Cashback Card–perhaps the best of all unlimited cashback cards on the market. Cardholders earn at the fairly standard 1.5% flat rate with no minimum spend requirements and no earnings caps. However, SC Unlimited Cashback Card stands out by offering exceptional transport benefits.

While competitors tend to stick to the basics, SC Unlimited Cashback Card is EZ-Link compatible and rewards Auto Top-Ups (which are frequently excluded from earning rewards by other cards). In addition, cardholders receive up to 21% fuel savings at Caltex and 15% rebate on Grab rides (up to S$30/month). Altogether, high spenders can enjoy more than just unlimited earning potential with SC Unlimited Cashback Card–they can also take advantage of a variety of transport benefits, whether they’re commuting, driving, or booking a private hire.

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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, 15% rebate on Grab
  • 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, 15% rebate on Grab

Best Unlimited Cashback Credit Card with Amex Benefits: American Express True Cashback Card

Consider this if you want unlimited amount of cash rebate and value American Express's services

Annual Income Requirement S$30,000
Foreigner Income Requirement S$60,000
Promotions:
  • S$60 voucher with 1st spend in 1st month after approval

American Express True Cashback Card stands out as an unlimited cashback card because while its base rate is a flat 1.5%, new cardholders earn at a boosted 3% level for their first 6 months, up to S$150. No competitor offers such a lucrative sign-on deal; in fact, alternative unlimited cards rarely come with special welcome rates at all. In addition, Amex True Cashback Card stands out for perks like Global Assist, American Express Selects, and True Cashback promotions–the last of which frequently offers wedding-related deals and discounts. For affluent consumers who feel limited by typical cashback earning caps, Amex True Cashback Card is one of the best options on the market.

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  • Annual fee: S$171.2, 1-year waiver
  • Unlimited 1.5% cashback on all spend
  • Free travel insurance & Amex Selects Privileges
  • Up to 21% fuel savings with SPC
  • Annual fee: S$171.2, 1-year waiver
  • Unlimited 1.5% cashback on all spend
  • Free travel insurance & Amex Selects Privileges
  • Up to 21% fuel savings with SPC

Best Unlimited Cashback Credit Card for Local Spenders: Maybank FC Barcelona Visa Signature Card

Consider this if you want to earn an unlimited amount of cash rebate without paying an annual fee

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000 for Malaysians; S$60,000 for Others
Promotions:
  • Receive S$50 cash credit after S$700 spend
  • Up to 10% off worldwide hotel bookings with Expedia, Agoda

If you’re an especially high spender with a mostly local budget, look no further than Maybank FC Barcelona Visa Signature Card.This card offers a higher unlimited cashback rate for local spend than any other on the market, at 1.6% (v. 1.5%). While the difference may seem small, it quickly adds up at the highest spend levels.

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. However, the card comes with a few unique sporting benefits that set it apart, including discounts of up to 10% off at official FC Barcelona stores. Cardholders even have the chance to win a trip to see FC Barcelona play live, with travel and accommodations included. Finally, Maybank FC Barcelona is one of the few unlimited cards with a fee-waiver; cardholders who spend S$10,000/year are exempt. Ultimately, this is the best card for very wealthy local spenders looking to maximise cashback.

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  • Annual fee: S$120.0, waived with S$10,000 annual spend
  • Unlimited 1.6% rebate on local spend
  • 2 Pts (0.8 miles) per S$1 on foreign currency transactions
  • Up to 10% discount at FC Barcelona official stores
  • Free travel insurance
  • Annual fee: S$120.0, waived with S$10,000 annual spend
  • Unlimited 1.6% rebate on local spend
  • 2 Pts (0.8 miles) per S$1 on foreign currency transactions
  • Up to 10% discount at FC Barcelona official stores
  • Free travel insurance

Best Unlimited Cashback Credit Card for Affluent Travellers: 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:
  • Up to S$120 cash credit when you spend S$400 within first 2 months from card approval

CIMB Visa Infinite Card is the best no-fee unlimited cashback card for wealthy travellers. While direct competitors offer between 0.8% to 1.5% unlimited rebate, CIMB Visa Infinite offers 1% flat cashback on general spend and 2% on all travel, overseas, and foreign currency transactions. Cardholders must spend at least S$2,000 to access the 2% rate, but for affluent consumers this isn’t a stretch. In addition, CIMB Visa Infinite Card comes with perks usually associated with travel cards, like free travel insurance, lounge access, and discounted limo transfers. And, above it all, CIMB Visa Infinite Card is free forever. If you’re a high-spending traveller who prefers cashback to miles, look no further than CIMB Visa Infinite Card.

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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

Best Credit Cards with Golfing Privileges for High Income Earners

Affluent golfers can access no-fee privileges with the following cards, with additional benefits like unlimited earning potential and miles for luxury spend.

Best Travel Credit Card for Affluent Golfers: Maybank World MasterCard

Consider this if you are an avid golfer who travels frequently to golf clubs worldwide

Annual Income Requirement S$80,000
Foreigner Income Requirement S$80,000
Promotions:
  • Receive S$50 cash credit after S$700 spend
  • Free 2-Day, 1-Night Play & Stay Package at Mission Hills Golf Club with S$25k spend on card
  • Up to 10% off worldwide hotel bookings with Expedia, Agoda

If you prioritise golf perks and would like to earn miles, Maybank World MasterCard is simply the best card for you. Cardholders receive 2 free green fees per month at 120 fairways across 25 countries–no other card offers such a comprehensive set of privileges. In addition, cardholders receive free travel insurance and airport lounge access. In terms of rewards, each S$1 spend with select dining and luxury retail merchants earns 10 points (4 miles). Cardholders can even earn a fee-waiver with S$24,000 annual spend. Ultimately, Maybank World MasterCard is the best miles-earning card for golfers, with extra rewards for luxury spend.

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  • Annual fee: S$240.0, 1-year waiver, subsequently with S$24,000 annual spend
  • 10 pts (4 miles) per S$1 spend with select dining & retail merchants
  • 2 complimentary green fees/month at 120 fairways worldwide
  • Free travel insurance, lounge access & global concierge
  • Up to 19.1% fuel savings on petrol in Singapore
  • Annual fee: S$240.0, 1-year waiver, subsequently with S$24,000 annual spend
  • 10 pts (4 miles) per S$1 spend with select dining & retail merchants
  • 2 complimentary green fees/month at 120 fairways worldwide
  • Free travel insurance, lounge access & global concierge
  • Up to 19.1% fuel savings on petrol in Singapore

Best Cashback Credit Card for Affluent Golfers: 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:
  • Up to S$120 cash credit when you spend S$400 within first 2 months from card approval

If you’re an affluent golfer seeking cashback on leisure spend, CIMB World MasterCard is the best card available. Not only do cardholders receive complimentary green fees at 40 fairways across SE Asia, they also earn 2% unlimited cashback on wine & dine, entertainment, recreation, automobile & parking, petrol and spend at duty-free stores. General spend earns unlimited 1.5% cashback, which aligns with the market standard. Overall, CIMB World MasterCard provides the benefits of an unlimited cashback card with a boost for leisure spend, plus some of the best golfing privileges available on the market. Even better, the card is free forever. No other cashback card compares to CIMB World MasterCard for affluent golfers.

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  • 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 for High Income Earners 2019

Below, we've prepared a summary of our picks for the best credit cards for high income earners for 2019.

CardBest for...Annual Fee
UOB PRVI MilesRapid MilesS$256.8 (waiver)
HSBC AdvanceAffluent Advance CustomersS$180.0 (waiver)
Citi PrestigeLuxury Travel PerksS$535.0
OCBC VoyageFlexible MilesS$488.0
SC Visa InfiniteAffluent Business TravellersS$588.5
SC UnlimitedUnlimited + EZ-LinkS$192.6
Amex True CashbackUnlimited + Amex BenefitsS$171.2
Maybank FC BarcelonaUnlimited Local CashbackS$120.0 (waiver)
CIMB Visa InfiniteCashback for TravellersS$0.0
CIMB WorldCashback for GolfersS$0.0
Maybank WorldAir Miles for GolfersS$240.0 (waiver)
CardBest for...Annual Fee
UOB PRVI MilesRapid MilesS$256.8 (waiver)
HSBC AdvanceAffluent Advance CustomersS$180.0 (waiver)
Citi PrestigeLuxury Travel PerksS$535.0
OCBC VoyageFlexible MilesS$488.0
SC Visa InfiniteAffluent Business TravellersS$588.5
SC UnlimitedUnlimited + EZ-LinkS$192.6
Amex True CashbackUnlimited + Amex BenefitsS$171.2
Maybank FC BarcelonaUnlimited Local CashbackS$120.0 (waiver)
CIMB Visa InfiniteCashback for TravellersS$0.0
CIMB WorldCashback for GolfersS$0.0
Maybank WorldAir Miles for GolfersS$240.0 (waiver)

Compare the Best Credit Cards for High Spenders by Dollar Value

To help you find the best credit card for high spenders, we have prepared a chart below organizing credit cards by 2-year dollar value*. We have estimated an average Singaporean's monthly expenditure patterns through research to model out likely savings from credit cards. You should note that the dollar value can heavily depending on your spending habits, so make sure to read through each card's review and see if it fits your monthly budget. There are also other "intangible" benefits like complimentary travel insurance and free access to airport lounges whose values are difficult to quantify but nevertheless incredibly valuable to some consumers.

A graph displaying how best credit cards for high income earners compare to one another in terms of their rewards

*ValueChampion calculates the dollar value of rewards based on S$6,000 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.

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