If you want to see a more in-depth analysis of travel credit cards, take a look at our hand-picked list of the best choices in several different categories.
- DBS Altitude: Fee-waiver & perks like lounge access
- Citi PMV: 45,000 Welcome Citi Miles with S$9,000 spend in 3 mo
- KrisFlyer UOB: 3mi/S$1 on dining, transport, shopping & travel
- UOB PRVI Miles: Fee-Waiver + 20k bonus miles, 2.4 miles per $1 overseas
- Amex SIA KrisFlyer: Directly earn KrisFlyer miles, S$150 SIA credit
- OCBC 90°N: Unlimited cashback + miles & annual renewal bonus
How Do I Choose the Best Travel Credit Card For Me?
In order to pick the "best" credit card for your travel spending, start by answering three questions:
- Do you want to earn airline miles, rewards points, or direct cashback on your spending?
- Do you want perks such as airport lounge access, limo transfers, or free travel insurance?
- How much are you willing to spend in order to avoid an annual fee (or can you accept paying the fee)?
Your answer to each of these questions will lead into additional choices, such as which airline's miles program to join and what sort of points transfer options you need. Another key factor to think about is the effect of monthly rewards caps on your overall earnings. For example, a bank might cap the points you can earn to 5,000 per month. Even if you're earning 5 points per dollar spent, that means only the first $1,000 of credit card spending will earn any rewards for you.
Because caps can vary based on the category of spend or based on the merchant codes of the companies you pay, you may find that the credit card with the highest upfront rewards rate isn't actually the most valuable choice in your situation. That's why we recommend saving time by using our calculator, which accounts for caps and categories on every card.
Frequently Asked Questions
The answer depends on the value you want from the card. Some cards like the DBS Altitude Visa help you rack up air miles, while others like Citi Prestige offer unrivaled luxury perks. There are also cards such as HSBC Revolution, which work well for people who want to avoid annual card fees.
Unless you already have a general purpose credit card that earns strong rewards for travel spend, it's often a good strategy to get a separate card for your travel expenses. This is because most travel credit cards come with rewards and perks that are specifically packaged to benefit travel spending.
The best credit card options for global travellers should offer strong rewards for dining and shopping in other countries. Some examples include the HSBC Advance and the UOB PRVI Miles American Express card.
While every airline sets its own rates based on distance and time of year, you typically need at least 40,000 Krisflyer miles in order to cover the cost of a round-trip economy flight from Singapore to other countries in Asia. For economy round trips to other continents, expect to spend 80,000 miles or more.