Global ATM network. Those perks include faster immigration clearance at some of Singapore’s airports, Hilton Honors gold membership, and unlimited access to over 700 VIP lounges at airports across the world. We’re here to describe the requirements for getting the best credit cards in the country. The site does not review or include all companies or all available products. If you're a high income earner spending S$6–8k+ per month, typical cashback cards' earning caps will restrain your potential. Maybank FC Barcelona Card only rewards overseas spend with 2 points per S$1 (equal to 0.8 miles, or about 0.8%), and therefore is best fit for local spenders. After all, this was a product meant for the top 0.1% in Singapore. You might have a lot of questions about them, but one thing’s certain: only the richest people qualify for them. Cardholders earn 0.69 miles (1.25 pts) per S$1 general spend, boosted to 3.44 miles (6.25 pts) with select boutiques and luxury vendors. Some of the offers that appear on this website are from companies which ValueChampion receives compensation. Your card number will be used to verify and authenticate you to receive benefits under the Visa Infinite program. Anyway, if it’s impossible for you to get your hands on these prestigious credit cards right now, you might want to try your luck with the best credit cards in Singapore. Earning Rate (per S$): 1 mile with possibility to earn more miles per month based on banking relationship balance with the bank. You need to have at least an annual income of S$$500,000 or total assets of $3 million under your name. Ultimately, it’s worth checking to see if you qualify for an HSBC account, because HSBC Advance Card offers an exceptional way to quickly maximise spend, with fewer restraints than other cashback cards. There is no annual fees for the supplement card. Enter your Visa Infinite card number below to join our email list and begin to take advantage of your cards benefits, access an exclusive collection of unique experiences and so much more. While Amex Platinum is a particularly perks-driven card, consumers still have the opportunity to earn rewards for their spend. It’s the world’s first metal credit card that makes contactless payments even more convenient through payWave. UOB PRVI Miles Visa Card: Up to 6 mpd on travel sites. 2. Accounts & Cards; Cards; DBS Insignia Visa Infinite Card. Ultimately, this is the best card for very wealthy local spenders looking to maximise cashback. The HSBC Visa Infinite Card is a premium credit card offering one of highest welcome bonus miles and exclusive travel perks such as unlimited access to airport lounges, airport limousine and express immigration clearance. If so, you’re on the right page. Standard Chartered Priority Banking Visa Infinite Card. On travel booking sites such as Expedia and Agoda, this earn rate can go as high as 6 miles per dollar. Reign in the DBS Insignia Visa Infinite, OCBC Elite World and UOB Reserve too. The American Express Centurion Black Card comes with endless exclusive travel perks that will make anyone’s trip a lot more memorable. Best Visa credit card: TD® Aeroplan® Visa Infinite* Card: Up to 20,000 points and a bonus Buddy Pass, annual fee rebated in the first year, offer ends May 30, 2021 : $139 * Personal: $60,000 * Household: $100,000: Best cash back Visa credit card: Scotia Momentum Visa Infinite: 10% cash back in the first 3 months, first year free : $120 Another noticeable feature about the OCBC Elite World Card is its relatively low income requirement of S$250,000 compared to other top-tier black cards. Visa Infinite Credit Card From Standard Chartered Bank Singapore For Start Embracing The Infinite Possibilities That Await You Requires annual income of $ 30,000.00 for all applicant. Upon accepting the invitation, you will be assigned a lifestyle relationship manager who will keep track of your expenses. The annual fee for Maybank Visa Infinite Card will be automatically waived with a total minimum spend of S$60,000 per annum. Global customer assistance. In the meantime, cardholders also enjoy discounted lounge access and a 10,000 annual Travel$ bonus (worth S$100 or 10k miles). If you're an affluent traveller looking to rapidly accrue miles, consider the cards below. There isn’t a lot of available information about the Citi Ultima online, but what we know is that it’s one of the hardest credit cards to get in Singapore. Total minimum spend of S$60,000: can be on principal and/or supplementary cards but excludes Fund Transfer, late charges, interest charges and all other fees and charges imposed by Maybank; and must be charged within the year before the annual fee is due on the card. What’s the required income to qualify for platinum and black credit cards? Another reason we consider it one of the most prestigious credit cards in Singapore is the complimentary VIP access to luxury hotels here on the island and overseas. There’s no doubt that the American Express Centurion Black Card is considered one of the most prestigious credit cards in Singapore. If other credit cards can only cover a single person for flight upgrades, consider this one different! Your Visa Infinite card is accepted at tens of millions of merchants worldwide. Based on an average monthly spend of S$2,000, we analysed the best credit cards on the market to estimate returned value-to-consumer after 2 years, accounting for rebates and netting out annual fees. First year waived. A black credit card is the most prestigious type of credit card that exists, reserved only for millionaires and billionaires. Aside from the usual hotel discounts, flight upgrades, complimentary accommodations, unlimited access to airport lounges, and free air miles, we believe that the UOB Reserve Card can offer more than these. For high spenders, cashback caps can prove very limiting. The Visa Infinite branding is exclusively awarded to cards that offer a lot in terms of travel and lifestyle benefits, and the Standard Chartered Visa Infinite Credit Card clearly qualifies. All bookings … How do platinum and black credit cards work? Imagine receiving a total of 100,00 air miles that can be converted to multiple free flights, on top of having  unlimited access to more than a thousand airport lounges worldwide. Up to 1.5% on … Lastly, fun fact: the American Express Centurion Black Card is deemed one of the heaviest black cards, weighing at least 22 grams. Want to know what it takes to quality for the most prestigious credit cards in Singapore? If you don’t get an invite, you most likely don’t meet its minimum requirements, but nothing’s wrong with that. If you’re a person who loves to travel, you’re definitely going to enjoy the seemingly endless perks that come with black cards. Obviously, black credit cards have higher annual fees compared to all the other types. Back in September 2003, UOB launched the UOB Visa Infinite, Singapore’s first-ever Visa Infinite card. We strive to have the most current information on our site, but consumers should inquire with the relevant financial institution if they have any questions, including eligibility to buy financial products. One of the lowest annual fees for a black card, Frequent rebates, travel privileges, exclusive invites to events, preferential fees and exchange rates, and airport lounge access, Minimum income of S$250,000 and age of 21, Frequent rebates, flight upgrades, access to airport lounges, 24/7 concierge services, personal shopper, and personal travel agent. As expected, qualifying for the American Express Centurion Black Card isn’t going to be easy. For one, owners of the OB Reserve Card can reserve a private yacht charter for up to 14 friends and family members. As such, it's easy to switch between miles and cashback depending on preference or needs. It’s no surprise that a lot of jetsetters we know are rushing to get hold of this prestigious credit card. They’re usually referred to as “black cards” or “platinum cards” and are treated as status symbols. The annual fee for Maybank Visa Infinite Card will be automatically waived with a total minimum spend of S$60,000 per annum. We'll help you make informed decisions on everything from choosing a job to saving on your family activities. This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). Overall, affluent individuals interested in unlimited rewards–with the flexibility to change redemption type–should definitely consider OCBC 90°N Card. Get cash when you need it. Owners will even receive airport speedpass access for faster immigration checks at airports in Asia. It’s worth noting that the most prestigious credit cards in Singapore are only available through invites from various banks and financial institutions. Finally, Maybank FC Barcelona is one of the few unlimited cards with a fee-waiver; cardholders who spend S$10,000/year are exempt. Though, according to insiders, it’s the most powerful credit card when it comes to travel perks. Ultimately, SC Visa Infinite Card is the best option on the market for business travellers with high overseas spend, especially for those seeking rewards for banking activity. Carrie is a Senior Analyst at ValueChampion, helping consumers find the best credit cards and other financial products based on quantitative and qualitative analysis. The OCBC Premier Banking Visa Infinite card is made of plastic, as opposed to the metal-clad VOYAGE. Aside from that, we’re also here to share our picks for the most prestigious credit cards in Singapore. Some of these benefits are higher credit limits, higher travel insurance coverage, special hotel upgrades, travel credits, access to airport lounges, and 24/7 concierge services, among others. 6 50% off green fees: Offer valid until 31 December 2021 for Visa Infinite primary cardholders. On top of that, the most glaring difference would have to be the requirements and each one’s target market. To make things easier, our research team closely analysed 100+ credit cards in Singapore to identify the best unlimited and high-cap cashback cards, as well as miles-earning cards with the most exclusive perks. The Standard Chartered Visa Infinite Credit Card offers the same welcome gift or the choice of 15,000 miles + a Samsonite 28” spinner luggage. Owners who book a business class flight on any airline using the OCBC Elite World Card will receive a cash rebate worth 50% of the total purchase. Affluent golfers can access no-fee privileges with the following cards. The power of your name. However, there is a S$321 annual fee, so cardholders are most likely to benefit if they take full advantage of all of its value-adding privileges. Posted on October 18, 2018 by theRantingPanda in Snippets. If you’re looking for a black credit card that can be within your reach a few years from now, then look no further than OCBC Elite World Card. Our site may not feature every company or financial product available on the market. We were able to gather valuable information that will make more people wish it was their credit card. We also discovered that only a few select people with impressive net worth are given invitations to avail of the Citi Ultimate. However, the guides and tools we create are based on objective and independent analysis so that they can help everyone make financial decisions with confidence. Another SC Visa Infinite Card benefit is access to top-notch travel perks. Non-Advance customers, however, earn 2.5% flat rebate after S$2,000 spend (1.5% if below), up to S$70/month. Billed as the ultimate credit card for indulgences and an exclusive lifestyle, Visa Infinite is now of one the dream cards most aspiring working adult wants. For affluent consumers with a budget of at least S$6,000/month, If capped cashback cards are keeping you from your full earning potential, consider, If you’re an especially high spender with a mostly local budget, look no further than. It’s one of the few black cards in Singapore with annual fees that don’t go beyond S$2,000. Expect a high annual fee of S$588.50, but in return you receive a generous perk of a welcome bonus offer of miles and ongoing opportunities to earn more discounts and benefits in a range of categories. Cardholders are given a free yacht hire, 6 airport lounge visits per year, free travel insurance, Hertz Asia privileges, regional golfing privileges and more. For one, owners are entitled to free flight upgrades, access to Centurion lounges, personal travel agents, free hotel upgrades, higher travel insurance coverage, and access to high-end gyms in the UK, US, and Canada, among others. ValuePenguin is not in control of, or in any way affiliated with, the content displayed on this website. If you no longer use cash for purchases, then there’s no better credit card for you than the DBS Insignia Visa Infinite Card. The UOB Visa Infinite Metal Card comes with an annual membership fee of S$642 (inclusive of GST), which includes a package of UNI$12,500 (equivalent to 25,000 miles at UNI$1 = 2 air miles redemption rate, which the Cardmember needs to redeem himself/herself via UOB Rewards Programme. Anyway, here are some questions that will shed some light on platinum and black credit cards in Singapore. Overall, this card is perfect for higher spenders with an Advance account because while there’s a monthly cap, it’s very high, and the rebate rate is more than double that offered by unlimited cashback cards. If you’re an affluent consumer and don’t mind paying a high fee for elite privileges, you may be interested in these cards. 4.3. Cash vs Credit Cards: Which Is Better To Use When Travelling? Her work has been featured on a variety of major media such as Yahoo Finance, Asia One, Buro, Zuu Online and more. Is there a difference between platinum and black cards? While rewards rates are rather low for a travel card (1 mile per S$1 locally & 2 miles overseas during 1st year, 1.25 locally & 2.25 overseas subsequently with S$50,000 annual spend), cardholders can enjoy unique perks like expedited … Your email address will not be published. While there’s a S$588.5 fee, these perks balance the cost. Owners will receive an all-year pass to golf courses across the Asia Pacific region. In addition, non-Advance customers must pay a S$192.6 annual fee (though it can be waived with S$12,500 annual spend). It requires a minimum income of at least S$500,000 and total assets that amount to $5 million. When you look at it, it’s no longer impossible for a lot of people to get their hands on one of the most prestigious credit cards in Singapore. The DBS Insignia Visa Infinite Card surely looks like a sleek and elegant credit card, but, obviously, applying for it is nothing but easy. There are even far more prestigious black cards with undisclosed annual fees: for most people, the fees for those will be anything but affordable. Your email address will not be published. While competitors tend to stick to the basics, SC Unlimited Cashback Card is SimplyGo functional and offers cardholders up to 21% fuel savings at Caltex. Meanwhile Citi Prestige … Yes, obviously, black cards offer more premium and exclusive benefits that don’t come with platinum credit cards. The UOB PRVI Miles Card is recognised to be one of the best air miles cards in Singapore, thanks to its generous earn rate of 1.4 miles per dollar (local) and 2.4 miles per dollar (overseas). But with that comes greater practicality, since the former supports contactless transactions (although you could just as well add your VOYAGE to … Mpd on travel sites of the most powerful credit card when Travelling comfort seek. Insurance and airport transfers find the latest information on which deposit accounts the! 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