Best Credit Card Promotions for your 2014 Christmas Spendings

So, it's the season of giving again. Ever wondered which credit card gives you the best bang for your buck this season? We list down the various card promotions offered by the banks for you to decide.

DBS launched its 50 Gifts 50 Days campaign from 6 Nov to 26 Dec, available for redemption with a min. spend of $200 in a single receipt for local retail and online transactions only.

DBS also has tie-ups with Takashimaya and Capitamalls for surprise gift bag redemptions or shopping vouchers.

Please refer to the website for more details.

Share the real magic of Christmas with HSBC's Dollar Pass. Treat your loved ones to any one of the S$1 offers at over 300 merchant outlets islandwide with every S$80 charged to your HSBC credit card. Please refer to the website for more details.

For big spenders, enjoy unlimited family fun at Resorts World™ Sentosa when you charge to your HSBC Credit Card from 16 November to 31 December 2014 this Christmas season. Minimum qualifying card spend is $3,500. Please refer to the website for more details.

Spend on any OCBC Credit/Debit Card from 28 Nov to 31 Dec and redeem the latest gadgets which includes the Samsung Galaxy Note 4 4G+, GoPro Hero 3+ White Edition and BitFit Flex Wireless Activity Tracker with minimum spending of S$3,000 onwards. Please refer to the website for more details.

Citibank chose to focus on online shopping at the Black Friday sale by offering shopping rebates and shipping discounts at vPost and Borderlinx from 27 Nov to 14 Dec 2014.

Please refer to the website for more details.

From 14 Nov 2014 to 14 Jan 2015, charge a minimum of $10,000 to your Standard Chartered credit card and get to redeem a Sodastream Soda Maker, GoPro HERO3+ or a 1-night stay in the Marvelous Suite at W Singapore, Sentosa Cove.

For Visa Infinte card holders, the first 1,000 card members who spend more than $8,000, will get 10X points for every dollar spent thereafter.

Please refer to the website for more details.

So, does this give you sufficient reason to loosen your purse strings and be generous to your loved ones this Christmas? Do let us know if you find this guide useful. Happy Shopping!!

POSB 1.5% p.a. Interest on Savings Promotion

Enjoy 1.5% p.a.* for 6 months when you top-up your savings account between S$1,000 and $20,000!

How to qualify:

1. Register by 22 Dec 2014.
2. Complete a one-time top-up by 31 Dec 2014.
3. Maintain top-up amount for 6 months.

* Promotion period is from 18 Nov 2014  to 22 Dec 2014. Qualifying customers will receive 1.5% p.a. lump sum cash gift on the fresh funds deposit by 30 June 2015. The fresh funds deposit will be earmarked for the next 6 months and not be available for withdrawal.

Please refer to the website for more details.

MasterPass by MasterCard Promotion

If you like to shop online, this is good news for you. Now, MasterCard has now introduced the new way to pay online with the new MasterPass.

Convenience - One-time registration of multiple cards and shipping details with MasterPass

Speed - Click the 'Buy with MasterPass' button and enjoy fast checkouts without having to fill out your details every time

Safety - Checkout with confidence knowing that your payment is protected by MasterCard's global network together with your bank

Be the first 3,500 to register now at MASTERPASS.COM.SG and receive a S$50 pre-paid card.

HSBC Premier Banking Promotion

Get rewarded when you start an HSBC Premier relationship with a minimum of $200,000 or equivalent in deposits, investments and/or insurance.

Enjoy preferential interest rates on your SGD savings of up to 1.28% p.a. plus
receive 2 Cathay Pacific return air tickets to Hong Kong*.

Promotion is valid until 31 December 2014. Please refer to the website for more details.

* Top-up options to further destinations are available for qualifying eligible customers who do not wish to travel to Hong Kong. Customers must book their air tickets by 31 March 2015 and travel by 30 June 2015. Air tickets provided, refer to Cathay Pacific Economy Class air tickets and exclude relevant taxes, surcharges and high season surcharges.

Bank of China RMB and SGD Time Deposits Promotion

Bank of China is offering one of the best rates in town for individual customers with fresh funds placed with the bank.

 Enjoy up to 3.30% p.a. on RMB Time Deposits*.

Deposit Amount	Tenor (p.a.)
(RMB)	3-Month	6-Month	9-Month	12-Month
50,000 to 1,999,999	2.65%	2.85%	3.05%	3.25%
2,000,000 and above	2.80%	3.00%	3.10%	3.30%

For SGD Time Deposits, you can enjoy a high interest rate of 1.25% p.a.

Deposit Amount (SGD)	8-Month Tenor (p.a.)
$80,000 to $250,000	1.25%

* For 12-Month RMB Time Deposits, receive a pair of limited edition Plush Pandas or a Travel Adaptor with a minimum deposit of RMB 50,000 or a $50 Takashimaya shopping voucher with a minimum deposit of RMB 2,000,000. Promotion is limited to one gift per eligible customer, while stocks last.

Please contact the bank directly for more details.

Maybank SGD Time Deposit Promotion

Get your interest the next day when you deposit a minimum of S$25,000 in fresh funds into a Singapore Dollar Time Deposit with Maybank and enjoy up to 1.55% p.a. interest.

 

Tenure	Minimum S$25,000	Minimum S$50,000
12-month	1.10%	1.35%
18-month	1.18%	1.45%
24-month	1.28%	1.55%

Please refer to the website for more details. Promotion runs till 31 December 2014 and may end earlier at Maybank's absolute discretion.

Bank of China RMB Time Deposit Promotion

Enjoy high promotional rates and receive free gifts for RMB Time Deposits (Fresh Funds) placed with Bank of China from 24 October for a limited time period only. Please refer to the tables below for the various tenors and interest rates.

Deposit Amount	Promotional Interest Rates - % p.a.
(RMB)	3-Month	6-Month	9-Month
50,000 to 1,999,999	2.65%	2.85%	3.05%
2,000,000 and above	2.80%	3.00%	3.10%

 

 

Deposit Amount	Promotional Interest Rates for 12-Month Tenor - % p.a.	Free Gift
(RMB)
50,000 to 1,999,999	3.25%	A Pair of Limited Edition Plush Panda OR Travel Adaptor
2,000,000 and above	3.30%	S$50 Takashimaya Shopping Voucher

Please refer to the website for more details.

Bank of China 8-Month SGD Time Deposit Promotion

Enjoy high promotional interest rates with Bank of China from 3 November for a limited period only for fresh funds placed with them.

Deposit Amount (SGD)	Interest Rate for 8-Month Tenor*
$80,000 to $250,000	1.25% p.a.

Please refer to the website for more details.

CIMB 12-Month SGD Fixed Deposit Promotion

Enjoy up to 1.30% p.a. interest rate for a 12-month Fixed Deposit with CIMB. Promotion ends on 31 December 2014.

Deposit (Fresh funds)	Interest Rate
S$25,000 to below S$250,000	1.25% p.a.
S$250,000 and above	1.30% p.a.

Please refer to the website for more details.

Maybank 5-Year Structured Deposit Promotion

From 27 Oct to 8 Dec 2014, invest in Maybank Saver Series 7 Structured Deposit and earn up to 11% over 5 years, including a bonus interest of 1%* at the end of Year 5.

Tenure		Year 1	Year 2	Year 3	Year 4	Year 5	Potential Total Payout
Guaranteed Annual Payout	SGD	2%	2%	2%	2%	2% + 1%*	11%
* Bonus interest of 1% is only applicable at end of Year 5, if the 6-month Singapore Dollar Swap Offer Rate is 3.5% or above. A minimum investment amount of S$30,000 is required and 100% principal is guaranteed at maturity. Please refer to the website for more details.

UOB 8-Month SGD Fixed Deposit Promotion

Enjoy interest rate of 1.25% p.a.* on a 8-month Singapore Dollar Fixed Deposit.

Tenor	Promotional Interest Rate* (p.a.)
8-month	1.25%

Simply deposit a minimum of S$20,000 in fresh funds. This promotion is available till 29 November 2014.

Please refer to the website for more details.

UOB Christmas Savings Promotion

Enjoy a high interest rate of up to 1.2% p.a. plus receive CapitaVouchers when you deposit with UOB.
 

Fresh Funds deposit	S$15,000 to S$50,000	Above S$50,000 to S$100,000	Above S$100,000
Bonus Rates (p.a.)	0.7%	0.9%	1.1%
CapitaVouchers	-	S$50	S$100
Get up to 1.2% p.a. interest (total interest rate). Illustration: 1.1% p.a. interest (Bonus Rate assuming Fresh Funds
deposit of above S$100,000) + 0.1% p.a. interest (Prevailing Interest Rate for account balances above S$350,000).

 Promotion ends on 31 December 2014. Please refer to the website for more details.

 

HSBC 10-Month SGD Time Deposit Promotion

From now till 29 November 2014, HSBC will offer 1.3% p.a. interest rates on your time deposits of minimum S$30,000 for HSBC Premier customers (1.25% p.a. for HSBC Advance customers)

Interest rate	Minimum	Reward
(10-month tenor)	Placement	(Robinsons
		vouchers)
	S$30,000	-
up to 1.3% p.a.	S$200,000	S$100 voucher
	S$500,000	S$300 voucher
	S$1 million	S$700 voucher

* Fresh funds only 

Please refer to the website for more details.

Standard Chartered 4 Year Step-Up Fixed Rate Structured Deposit 5 Promotion

Standard Chartered Bank is also offering structured deposit products to the retail investor. However, the interest rates offered seem less attractive than the recent UOB and Maybank ones. Details of issue are below:

Issuer	Standard Chartered Bank (Singapore) Limited ("SCBSL" or "the Bank")
Investment currency	SGD
Tenor	4 years
Application period	Application ends 03 November 2014
	(or earlier, subject to market conditions)
Start Date	11-Nov-14
Minimum investment amount	SGD 20,000
Interest rate payout	Year 1 to 4:
	Fixed interest of
	Y1: 1.50% p.a
	Y2: 1.50% p.a
	Y3: 1.60% p.a
	Y3: 1.60% p.a
	Total interest: 6.20%

Please refer to the website for more details.

Standard Chartered e$aver Promotion

Simply deposit fresh funds from 1 November 2014 to 31 January 2015 to get up to 1.35% p.a. interest on your incremental balance (compared to October’s average daily balance).

Deposit Balance Tier	Prevailing Interest Rate on Deposit Balance	Bonus Interest Rate on eligible Incremental Balance	Total Interest Rate on eligible Incremental Balance
<S$50,000	0.10% p.a.	1.10% p.a.	1.20% p.a.
S$50,000 to <S$200,000	0.15% p.a		1.25% p.a.
≥S$200,000	0.25% p.a.		1.35% p.a.

Please refer to the website for more details.

Standard Chartered 3-Month SGD Time Deposit Promotion

From now until 10 November 2014, get an interest rate of 1.50% p.a. when you deposit a minimum of S$25,000 in fresh funds into a 3-month SGD Time Deposit with Standard Chartered Bank.

Please refer to the website for more details.