If you're still wondering about how to choose the right credit card as a student, take a look at our shortlist of the best options for a couple of different categories.
How to Choose Your First Credit Card
Choosing the right credit card as a young adult means finding ways to avoid high minimum spend requirements and annual fees. Many cards demand that you charge a certain amount in purchases each month before they begin earning rewards or waiving their annual fee, which can be problematic if you're on a tight budget.
Based on what we've found in the market, cards such as OCBC Frank and Citi SMRT Card offer a no-minimum way to earn rewards on important categories such as groceries, online shopping and more. You should be able to find several other cards by using our tool above.
This brings us to another important point: make sure that you choose a credit card that offers rewards in the categories where you spend most of your budget each month. Rewards categories are one of the biggest differences from card to card, but fortunately they're also one of the details that issuers explain most clearly in their marketing.
Frequently Asked Questions
In our view, the answer depends on which benefits are most valuable to you. If you want a great cashback card, consider something like Citi SMRT Card or OCBC Frank. For earning miles towards a trip abroad, you may prefer KrisFlyer UOB, while students trying to avoid annual fees might like the Maybank Family & Friends Card.
If you're just starting in your career, you'll need to focus on balancing your spending with your income. This means that credit cards with low minimum requirements are the better choice: you won't feel pressured to spend a certain amount each month just to earn rewards or avoid an annual fee.
Yes. The law requires that you be at least 18 years of age in order to apply for a credit card in your own name. You must also obtain your parent's consent if you are under 21 years old.