For young adults or first time employees with very little income (i.e. S$18,000 to S$30,000), CIMB AWSM Card could be the best credit card to get. First, it is the only card that is available for salaried employees who make less than S$30,000 per year. Furthermore, its 1% rebate on dining, entertainment, online shopping and telco bills is quite generous and nicely fits the spending pattern of most young adults age under 35. However, students or NSFs could find a better deal with Maybank eVibes Card that provides 1% rebate on all your purchases and doesn't charge an annual fee.
CIMB AWSM Card's Features and Benefits:
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How does the CIMB AWSM Card Compare Against Other Cards?
Read our comparisons of CIMB AWSM Card with other cards and learn what makes each card unique in their own way. We compare and contrast each card to highlight its uniqueness to help you identify the card that you need.
CIMB AWSM Card vs Maybank eVibes Card
Maybank eVibes Card is the best credit card for students and NSFs with no income. Not only does it waives its S$5 of service fee for anyone who uses the card once every 3 months, it also provides a rebate of 1% on all your purchases. However, Maybank eVibes Card is strictly for those students and NSFs, so salaried young adults with less than S$30,000 of income may still be better off with CIMB AWSM Card.
CIMB AWSM Card vs Maybank Platinum Visa Card
For low income consumers who still earn at least S$30,000 per year, Maybank Platinum Visa Card would be a great option to consider. As long as you spend just about S$1,000 per month (or S$300 per month), this card can help you earn a rebate of 3.33% on all your purchases, much higher than CIMB AWSM Card. Though its total rebate is capped at S$100 per quarter (S$400 per year), it is still likely going to be the most efficient way of earning credit card rewards for people who don't have a lot of money to spend.