Latest Credit Card Sign-up Bonuses & Promotions in Singapore (June 2023)

I have a number of posts in scattered about featuring various credit card sign-up promotions. To make them easier to view, I have compiled them here. For my readers who are used to my bank-specific promotions – I present to you a one-stop glance into what three major card issuing companies – HSBC, Citibank, DBS and Standard Chartered are offering at this point in time. Promotion durations are also listed below for convenience.

The credit card sign-up gifts are indeed quite attractive but do note that to get the higher valued gift, you would need to be a new cardholder. A new cardholder is defined as one who has not possessed a card by the respective card issuing company for at least 12 months. A common strategy by some folks is that they sign up for a card by xxx company, cancel the card after receiving the gift, wait for another 12 months then reapply.

Citibank

You can get S$300 cash or Apple iPad 9th Gen 10.2 Wifi 64GB (worth S$503.65) or Nintendo Switch (worth S$469) or S$400 CapitaVouchers if you sign up for a Citi PremierMiles Card as a new cardholder (no credit card by the same issuing company in the last 12 months) and spend S$500 within 30 days from approval. If you sign-up for a Citi Rewards Card, Citi Cashback Card or Citi Cashback+ Card; you can choose between the same rewards except for the Apple iPad but with the additional option of a Hinomi H1 Pro Ergonomic Chair.

There are 4 kinds of Citibank credit cards included in this promotion. Promo period is until 22nd June 2023 (11:59PM)

Citi Premiermiles

Earn 1.2 miles per S$1 on local spend and 2 miles per S$1 on international spend. Earned miles will never expire. Citibank also has the most number of airline partners to redeem from.

Annual Fee: S$194.40 (waived for first year)

Minimum Income Requirement: S$30,000 per year (Singaporean/PR); S$42,000 (foreigner)

APPLY HERE

Citi Cashback

Earn 8% cashback on dining, groceries and petrol spend. 

Annual Fee: S$194.40 (waived for first year)

Minimum Income Requirement: S$30,000 per year (Singaporean/PR); S$42,000 (foreigner)

APPLY HERE

Citi Cash Back+ Mastercard®

Earn 1.6% cashback on all spend with no minimum spend required or cap on cashback to be earned. Plus, cashback earned does not expire.

Annual Fee: S$194.40 (waived for first year)

Minimum Income Requirement: S$30,000 per year (Singaporean/PR); S$42,000 (foreigner)

APPLY HERE

Citi Rewards

A must-have in every wallet (both physical and virtual), the Citibank Rewards Mastercard earns you 4 miles per S$1 spend on retail stores that sell bags, clothes and shoes. You also qualify for 4 miles per S$1 on online merchants like Lazada, Amazon, Shopee, etc. 

Annual Fee: S$194.40 (waived for first year)

Minimum Income Requirement: S$30,000 per year (Singaporean/PR); S$42,000 (foreigner)

APPLY HERE

Standard Chartered Bank

For Standard Chartered, they have the following promotion this month. Receive either S$300 cash or Apple AirPods Pro Gen 2 (worth S$362.35) or  Flujo BEA Ergonomic Chair (worth S$509) when you sign up for their new Standard Chartered SimplyCash Credit Card as a new cardholder (no credit card by the same issuing company in the last 12 months) and spend S$500 within 30 days. This credit card gives 1.5% cashback on almost all spend categories, with few exclusions. 

The SCB offer is valid until 2nd July 2023 (11:59PM). 

Standard Chartered Simply Cash Credit Card

Earn 1.5% cashback with no minimum spend or cashback cap.

Annual Fee: S$194.40 (waived for first 2 years)

Minimum Income Requirement: S$30,000 per year (Singaporean/PR); S$42,000 (foreigner)

APPLY HERE

HSBC

Receive a Samsonite Prestige Spinner 69/25 Exp when you apply for a HSBC credit card as a new cardholder and spend S$1,000 within the end of the month following your card account opening date. Promotion is valid until 31st August 2023.

Specifically for the HSBC TravelOne Card, get 20,000 miles (in the form of 50,000 Rewards Points) + additional bonus of S$30 when you apply either as new or existing HSBC cardholder and spend S$800 within 30 days from approval date and pay the S$194.40 annual fee.

HSBC Revolution

Earn 4 miles per S$1 spend on online and contactless payments. 

Note: This is my personal pick if you intend to resume traveling and would like to accumulate miles. You can practically use PayWave for most transactions these days. HSBC Revolution Card rewards points in stacks of S$1 instead of S$5 with other bank credit cards. For the HSBC Revolution Card, there is an additional reward of an Airalo e-sim worth US$20 upon meeting the minimum qualifying spend, in addition to the luggage OR S$150 cash reward. This is only applicable when applying through the below link as it is a Singsaver offer.

Annual Fee: Waived every year

Minimum Income Requirement: S$30,000 per year (Singaporean/PR); S$40,000 (foreigner)

APPLY HERE

HSBC TravelOne

Note: For the HSBC TravelOne Card, the reward is in the form of 20,000 miles or 50,000 Rewards Points + S$30 cash by PayNow upon spending S$800 in eligible spends with the card. T&C here.

Earn 1.2 miles per S$1 spend on local spends / 2.4 miles per S$1 on overseas foreign currency spends. 4x complimentary airport lounge access per year and free travel insurance.

Annual Fee: S$194.40 (pay the annual fee to get the 20,000 miles)

Minimum Income Requirement: S$30,000 per year (Singaporean/PR); S$40,000 (foreigner)

APPLY HERE

HSBC Advance

Get 1.5% cashback on all purchases with no minimum spend. Cashback goes up to 2.5% if you spend more than S$2,000 in a month.

Annual Fee: S$194.40 (waived for first year)

Minimum Income Requirement: S$30,000 per year (Singaporean/PR); S$40,000 (foreigner)

APPLY HERE

HSBC Visa Platinum

5% cashback on selected categories such as dining and groceries.

Annual Fee: S$194.40 (waived for first year)

Minimum Income Requirement: S$30,000 per year (Singaporean/PR); S$40,000 (foreigner)

APPLY HERE

 

CIMB

Receive S$280 by PayNow when you apply for a CIMB credit card as a new cardholder and spend S$988 within 60 days. Promotion is valid until 21st May 2023.

CIMB Visa Signature Card

10% cashback for certain spend categories such as online shopping, groceries, beauty/wellness, pet shops/veterinary services and cruises. 0.2% cashback on other spend. Min. spending of S$800 in the statement month to qualify for 10% cashback. 10% cashback is capped at S$100 per statement month per principal cardmember and up to S$20 per category. Earn 0.2% cashback on all spend when you exceed the cashback cap.

Annual Fee: No annual fee

Minimum Income Requirement: S$30,000 per year (Singaporean/PR); S$42,000 (foreigner)

APPLY HERE

CIMB Visa Infinite Card

Unlimited 2% cashback on travel, overseas spend and online spend in foreign currencies (minimum spending of S$2,000 per month to qualify for 2% cashback). Unlimited 1% on all other retail spends. Principal cardmembers enjoy 3 complimentary global lounge access at more than 1,000 airports annually. Charge your full travel fares to your CIMB Visa Infinite and automatically get travel insurance coverage of up to S$1 million for you and your family

Annual Fee: No annual fee

Minimum Income Requirement: S$120,000 per year (Singaporean/PR)

APPLY HERE

CIMB World Mastercard

Unlimited 2% cashback on dining, movies and entertainment, taxi and automobile and luxury goods. Unlimited 1% on all other spend with no minimum spend. Minimum monthly spend of S$1,000 for 2% cashback and S$500 for 1% cashback. Enjoy 50% off green fees at 25 golf courses. Complimentary travel insurance of up to S$1 million when you charge your travel fares to this card.

Annual Fee: No annual fee

Minimum Income Requirement: S$30,000 per year (Singaporean/PR); S$42,000 (foreigner)

APPLY HERE

DBS

Receive 60,000 miles (new cardholder) / 40,000 miles (existing DBS cardholder) when you sign-up for the new DBS Vantage Card by 30th June 2023 (11:59PM) and pay the annual fee of S$594 and spend S$4,000 within 30 days of receiving the card. New cardholders are defined as those who have not held a DBS card in the last 12 months. 

DBS Vantage Card

Earn 1.5 miles per S$1 (local spend / 2.2 miles per S$1 overseas spend 

Get free Accor Plus Explorer membership with 1 free night, up to 50% off dining and other privileges.

Get 10 free airport lounge visits per year with the Priority Pass.

Annual Fee: S$594 (non-waivable for first year)

Minimum Income Requirement: S$120,000 per year (Singaporean/PR/foreigner)

APPLY HERE

Why is the sign-up gift so attractive?

The traditional way of getting new card sign ups – that of hiring promoters and organizing roadshows in areas with heavy foot traffic – actually cost a lot of money. Many card companies have resorted to doing it online for the past few years – often through the help of aggregators such as Singsaver. The cost saving allows them to offer attractive gifts from time to time such as cash, luggage gadgets, furniture or appliances. In some cases, both the credit card issuing bank and Singsaver could also jointly fund the gift.

Fulfillment of this promotion is done by Singsaver. You can check here for the full T&C.