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Best Miles Card With No Annual Fee: DBS Altitude Card
DBS Altitude Card is a great travel card for an average consumer. This card awards 1.2 miles for every S$1 of local spend and 2 miles for every S$1 of overseas spend. On top of this, DBS Altitude provides 3 miles for S$1 spent on online travel bookings, a feature Citi Premier Miles does not have. While it doesn't provide a rich welcome bonus, it helps you save on the annual fee which often can be rather high for air miles rewards cards. For a monthly expense of S$2,000 or more, the S$192.6 of annual fee is waived every year (the first year is also waived). In summary, DBS Altitude provides a decent opportunity earn miles quickly without the burden of hefty fees.
- Annual fee: S$192.6, waived when you spend at least S$25,000 a year
- Option to earn 10,000 bonus miles when paying the annual fee to renew
- 1.2 miles for S$1 of local spend and 2 miles for overseas spend
- 3 miles for S$1 spent on online travel bookings
- Up to 10 miles per S$1 spent on online travel booking sites like Kaligo and Expedia
- 14% discount on petrol at Esso
- Complimentary travel insurance: S$1mn in accident & death
- 2 Complimentary Global Airport Lounge Access visits per year with Priority Pass Membership
- Promotion: 1 chance to win 2 SIA suites class tickets for every S$500 spend (5x for travel bookings)
- Read Our Full Review
Best Cash Rebate Card for Moms & Families: POSB Everyday Card
POSB Everyday Card is one of the best cashback cards in Singapore, and it's not difficult to see why. Its generous rewards program encompasses a diverse set of expenditure categories like petrol, grocery, health & beauty and monthly utility bills. With this card, moms can save on all of their daily needs while taking care of their families. Though it charges an annual fee of S$192.6, POSB waives the 1st year's fee.
- Annual fee: S$192.6, waived for 1 year
- Rebates: 5% on groceries, 3% on health & beauty expenses, 1% rebate on monthly telco, SP services, cable and broadband bill
- Up to 20.1% discount on petrol at SPC
- Promotions: 20% cash rebates on online food delivery and 10% cash rebates on dining (half for existing customers), 10% rebate on ComfortDelgro taxi
- Read Our Full Review
Best Miles Card for 0% Interest Payment Plans: DBS Woman's World Card
For people who frequently buy expensive items that they can't readily afford, DBS Woman's World Card is an excellent way to earn miles card to consider. First, its 4 miles per S$1 spent online and 1.2 miles per S$1 spent overseas can help you accumulate a lot of miles quickly while shopping. Most uniquely, DBS Womn's World Card sets itself apart from competition with its 0% interest payment plans. With DBS's approval, this card's My Preferred Payment Plan allows cardholders to spread out their payments in instalments over 3, 6 or 12 months long tenure with no processing fee. If you tend to make a relatively large payment every now and then, this feature could save you a lot of money in interest.
- Annual fee: S$192.6, 1-year annual fee waiver
- 4 mile for every S$1 on online spend
- 1.2 mile for S$1 spent overseas
- 0% interest payment plan at no processing fee for up to 12 months
- Promotions: 1 chance to win 2 SIA suites class tickets for every S$500 spend (5x for travel bookings)
- Read Our Full Review
Best Online Shopping Cashback Card: DBS Live Fresh Card
DBS Live Fresh Card is easily the best cashback card one can get for online shopping needs in Singapore. It can help you save 5% on all your online and mobile transactions, especially if you shop often with some large merchants like Amazon, Lazada, Deliveroo, FoodPanda, Grab and Uber. Although DBS Live Fresh Card comes with a monthly minimum spend of S$600, we don't think this is a huge issue given the universal presence of e-commerce and mobile payment systems in Singapore. Its annual fee is also relatively low around S$128.4 and is also waived for 1 year.
- Annual fee: S$128.4, waived for 1 year
- 5% cashback on online transactions and mobile payments
- 0.3% cashback on all other spend
- Automatic enrollment for EZ-Reload
- Promotions: S$100 cashback for new customers (S$50 for existing)
- Read Our Full Review
Ultra SG Discounts: DBS Live Fresh Student Card
DBS Live Fresh Student Card stands out among student credit cards because it waives its annual fee for 5 years, making it effectively free to use. The card provides 0.3% rebate on on all your online shopping, Visa PayWave purchases and all other spend. Other than that, can enjoy 10% discount on tticket prices for Ultra Singapore. You also get to enjoy all the benefits that a regular DBS credit card-holder is entitled to with the DBS Lifestyle App.
- Fee: S$128.4, waived for 5 years
- 0.3% cashback on all your spend
- 10% savings on Ultra Singapore tickets
- No minimum income requirement
- Credit limit: S$500
- Age 18 to 27 years old
- Promotion: Charge 5 transactions within the first month from your card approval date to get free Uber rides (worth S$30)
- Read Our Full Review
Best Petrol Rewards at Esso: DBS Esso Platinum Credit Card Card
DBS Esso Card is one of the few credit cards in Singapore that were created in partnership between a bank and a petrol company. As such, it comes with a pretty high level of savings of up to 24% on petrol at all Esso petrol stations in Singapore. This combines 17% instant savings on petrol purchase, a S$30 cashback for minimum of S$180 nett monthly fuel purchase for 3 consecutive months, and another 2.4% savings in Smiles points. Every 300 Smiles Point can be redeemed for S$10 worth of fuel at Esso (or 750 points for S$30 worth of fuel).
- Up to 17% of instant savings on petrol at Esso
- Esso Smiles Driver Rewards programme: 1 Smiles Point per 1 Litre purchased at Esso or S$10 spent outside of Esso (300 points = S$10 of fuel)
- S$30 of cashback for those who spend at least S$180 per month on petrol at Esso for 3 consecutive months
- Promotion: Qualify for 1x chance with every S$50 spent at Esso and 2 chances when you spend the same amount else where to earn S$1,000 worth of fuel
- Bonus: Get up to S$120 fuel savings with a min of S$200nett fuel spend per month for 3 consecutive months (or S$90 for 2 consecutive months)
- Read Our Full Review
Compare the Best DBS & POSB Credit Cards
In case you want a quick look at our picks, here are ValueChampion's best DBS and POSB credit cards.
Similar Cards From Other Banks To Consider
It is helpful to evaluate each card by comparing it to its competitors. Here, we seek to shed more light on how DBS & POSB cards differ from other similar cards in the market to help you find the card you need. Dollar value of rewards is not the only important factor in choosing a credit card because each card caters to a unique set of demand. For instance, you should note that the dollar value can heavily depending on your spending habits. Make sure to read through each card's review and see if it fits your monthly budget and spending habits. 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.
DBS Altitude Credit Card vs UOB PRVI Miles Card
UOB PRVI Miles card, in our opinion, represents one of the best values in Singapore. For an annual fee of S$192.6, this card provides rewards equivalent to those offered by cards that charges annual fees of S$500 or more. That is to say, compared to DBS's 1.2 miles for local and 2 miles for overseas expense, UOB PRVI offers 1.4 miles per S$1 of local expense and 2.4 miels for S$1 of overseas expense. So if you can afford a bit more of annual fee or care less about getting a fee waiver, we highly recommending getting a UOB PRVI Miles card. On the other hand, DBS Altitude is a decent way of dodging annual fees because of its annual fee waiver offer if that's something you care about.
DBS Altitude vs Citi PremierMiles Card
Citi PremierMiles Card is great travel card for an average consumer that combines affordability with rich awards. DBS Altitude and Citi PremierMiles are quite similar because both cards require an annual fee of S$192.6, and both provide 1.2 miles for S$1 spent locally and 2 miles for S$1 spent overseas. In our mind, the biggest difference between the two cards is the trade-off between annual fee and bonus award. DBS's annual fee can easily waived for those who spend at least S$25,000 on the card annually. While Citi Premier doesn’t provide a fee waiver, it provides some welcome bonus gifts.
POSB Everyday vs Citibank SMRT Card
Citi SMRT card is another credit card that doubles up as an EZ-Link card that can be used for daily commutes. Its annual fee of S$160.5 is higher than POSB Everyday, but Citi SMRT is actually cheaper over a 2-3 year period because its annual fee is waived for 2 years. We think Citi SMRT is ideal for mass transit commuters who enjoy a cup or two of coffee every day and shop grocery on their way home. It earns up to 7% rebate on groceries above S$50, higher than POSB Everyday’s 5%. Citi SMRT also provides up to 15% rebate on coffee at various café chains like Starbucks, an unique offering in the market. Both Citi SMRT and POSB Everyday offer a 2% rebate on EZ-Link Auto Top-Ups in increments of S$30. Minimum monthly spend is lower than POSB Everyday at S$600, but SMRT$ rebate it offers is also capped at S$40 a month (S$280 annually).
These characteristics make Citi SMRT ideal for individuals, especially young professionals, who have a budget to meet every month. What better ways to optimize your dollars than to utilize SMRT rather than cabs, and cook at home rather than dining out? As long as you spend most of your money on your monthly SMRT pass, coffee and grocery shopping, we think Citi SMRT is an ideal candidate to be added to your wallet.
POSB Everyday vs OCBC 365 Card
OCBC 365 is another card ideal for every day use. Its comprehensive cashback rewards program covers groceries (3%), mass transit (3%), monthly recurring bills (3%), dining (6%) and petrol (22%). OCBC 365 is also the cheaper card to use given that it’ll waiver its annual fee as long as you spend at least S$10,000 per year, and only requires S$600 of monthly minimum spend to receive the benefits. If you are looking for an everyday card with no fees, OCBC 365 is an excellent alternative that can help you save money on life's most essential needs. OCBC 365 also has a 3% rebate on monthly recurring utility bills and all online expenditures including shopping and travel bookings, two areas in which POSB Everyday is considerably weak. However, POSB Everyday does provide a better cashback rate on groceries, so it could better accommodate people whose budgets are centered around cooking at home.
POSB Everyday vs Citibank Cashback Card
Citi Cashback is a great card for maximizing discounts on food. It combines a 8% rebate on all dining expenses with another 8% cashback on groceries, both of which are among the best we’ve seen in Singapore. While POSB Everyday has a more comprehensive list of benefits, we think Citi Cashback could be a better choice for people whose expenses are centered around eating well, both in and out of home.
POSB Everyday vs UOB One Card
UOB One Card is the best flat-rate cashback card in Singapore, and we think it is an ideal choice for anyone with high visibility or consistency in their monthly budget. UOB One offers up to 5% cashback on every dollar spent. Since it’s a flat rate reward, UOB One makes more sense than POSB Everyday card for people who prefer to simplify their monthly credit card bills and have more diversified spending habits. The only caveat, however, is that UOB One could be rather complicated to use. To earn the 5%, you need to spend almost exactly S$2,000 every single month. Given this, we think UOB One is suitable for people who have high fixed monthly expense that allows them to meet the S$2,000 threshold easily.
*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.