Maybank Foreign Currency Time Deposit Promotion

Enjoy attractive foreign currency interest rates below when you place a time deposit of at least 10,000 units of the respective currencies with Maybank.

Currency	3-Month rates (% p.a.)	6-Month rates (% p.a.)
AUD	2.70%	2.90%
NZD	3.80%	4.30%
USD	0.80%	0.85%

Promotion is available till 31 March 2015.

Please refer to the website for more details.

Maybank Saver Series 8 Structured Deposit

From 2 February to 5 March 2015, invest in Maybank Saver Series 8 Structured Deposit and earn up to 11% over 5 years, including a bonus interest of 1% at the end of Year 5.

Key info:

• 5-year Structured Deposit
• 100% Principal Guaranteed at Maturity
• Minimum Investment Amount of S$30,000

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.

Please refer to the website for more details.

If you ask me, this may not be the best time to invest in structured deposits at 2% p.a. as we expect interest rates to go up this year and currently, banks are starting to offer interest rates of 1.5% p.a. for time deposits with a tenure of 12 months, so your funds get locked up for a shorter period of time. As a result, you can be more nimble to take advantage of any market opportunity that arises during the 5 year period.

Something to note when you invest in structured deposits is that you are exposed to the credit risk of Maybank, the issuer and early termination risk as Maybank has the option (but not the obligation) to terminate this product at the end of every year.

However, for those of us who prefer more interest rates certainty, it may not be a bad choice.
 

Best Credit Cards for your Lunar New Year 2015 Celebrations

In 3 weeks time, we Chinese are going to usher in The Year of the Goat. This is also the time of the year when we show our appreciation to our parents, family, customers, colleagues and so on, by showering them with Chinese New Year goodies. We will also be dressed in new clothes and  meeting up for reunion dinners. In this post, we will be bringing to you the best credit card offers in the market this festive season to suit your spending needs.

 

 

DBS Sure Win Ang Pow

 

Spend a min. of S$168 and get a Sure Win DBS Ang Pow worth up to S$1,688 from 23 Jan – 5 Mar 2015. While stocks last.

 

Participating Merchants:

 

Bee Cheng Hiang Big Box Century Square Crystal Jade (selected outlets) Esso Hougang Mall Peach Garden (selected outlets) Sheng Siong

SPC Tampines 1 Tiong Bahru Plaza Tung Lok Group (selected outlets) Watsons (selected outlets) Xin Cuisine Chinese Restaurant (by Holiday Inn Atrium Singapore)

 

S$3 off Taxi Fare 

Get S$3 off your Grabtaxi fare when you go visiting this Chinese New Year. Valid 1 – 18 Feb 2015 with a minimum spend of S$168 in a single receipt.

 

*Limited to first 200 redemptions on weekends (Fri, Sat, Sun) and 100 redemptions on weekdays (Mon-Thurs).

 

Please refer to the website for more details.

 

New Moon Abalone Lavish Gift Set*

Spend a minimum of S$2,388 (inclusive of S$80 nett spent at participating FairPrice Xtra or Finest stores) on your OCBC Credit/Debit Card and stand to redeem an exclusive New Moon Abalone Lavish Gift Set. Limited to the first 2,500 redemptions, while stocks last.

Din Tai Fung Voucher Promotion^
Spend a minimum of S$200 in a single receipt on your OCBC Credit/Debit Card to redeem a S$10 Din Tai Fung voucher. Limited to the first 5,000 redemptions, while stocks last.

Promotion is from 21 January to 13 February 2015.

Please refer to the website for more details.



 

 

 

 

 

UOB has tie-ups with several restaurants and hotels and offers cardholders great deals for Chinese New Year goodies. Notably, for your retail purchases at Giant and Cold Storage, you will be receiving vouchers for minimum spending.

 

Please refer to the website for more details.

 

 

 

 

 

At Citibank, enjoy an Online Festive Special of S$68 Instant Citi Rebate for new cards sign-ups.

 

Get up to S$30 shopping vouchers with minimum spending at participating malls which includes AMK Hub, United Square, Wisma Atria and Marina Square and up to 40% off online shopping at Blue Nile, Luxola, Reebonz and so on.

 

Please refer to the website for more details.

 

 

 

 

 

Spend and redeem with HSBC cards this Lunar New Year.

 

Min. qualifying spend	Gift
S$1,888 (max. of 5 charge slips)	3-piece Skylight Happiness Variety Set* (worth S$68, limited to 2,000 sets)
S$3,888 (max. of 10 charge slips)	5-piece Skylight Fortune Variety Set# (worth S$138, limited to 1,000 sets)
S$8,888 (max. of 15 charge slips)	6-piece Skylight Platinum Prosperity Set+ (worth S$388, limited to 300 sets)
Each cardholder is allowed to redeem maximum four (4) of each abalone gift set during the redemption period. Please click here for other terms and conditions.
* Comprises 1 can each of NZ Superior Abalone, Superior Scallops with Braised Dried Mushroom, and Special Premium Abalone Sauce.
# Comprises 1 can each of NZ Superior Abalone, Amidori Abalones in Supreme Broth, Superior Scallops with Braised Dried Mushroom, Golden Giant Topshell, and Special Premium Abalone Sauce.
+ Comprises 1 can each of Mexico Superior Abalone, South African Gold Abalone, Australia Superior Abalone, Braised Australia Superior Abalone, NZ Abalone, and Golden Amidori Abalone.

 

Promotion is from 14 January to 5 March 2015.

 

Please refer to the website for more details.

 

 

 

 

 

 

Over at Standard Chartered, enjoy an elegant afternoon high tea for two at Rose Veranda, Shangri-La Hotel (worth $113). Simply be the first 3,000 to spend $2,888 on your credit card from 15 January to 28 February 2015. To participate, either register your card online or send an SMS to 77222.

 

Please refer to the website for more details.

 



 

 

 

 

From 9 January to 31 March 2015, the Top 3 Card Spenders who charge the highest qualifying amount to their Singapore-issued Personal Maybank Card and register via SMS will win a trip for 2 to watch Manchester United vs. Arsenal LIVE at Old Trafford. 

 

From 8 January to 3 February 2015, enjoy exclusive fares on Cathay Pacific Business, Premium Economy and Economy Class with your Maybank Credit/Debit Card.

 

However, it was noted that its Lunar New Year Charge and Redeem specials have all been fully redeemed as they have started the promotional period rather early as compared to the other banks.

 

Please refer to the website for more details.

Update @ 4th Feb 2015
Lunar New Year Dining Rebate Promotion

Enjoy S$138 cash rebate when you dine at restaurants with a minimum spend of S$1,588 charged to your Maybank Credit Card! Limited to the first 300 customers.

Simply SMS to 79898 from 4 to 28 February 2015 after making the transaction.

Please refer to the website for more details.

 

How much will you be spending this Lunar New Year? Have you found the credit card offers that are most attractive to you? Please let us know if you found this useful.

 

 

Best Bank Deposit Rates in Singapore as at January 2015

I am sure many of you like me, are very interested in comparing the deposit rates of the various major banks in Singapore. Of course, we are assuming here that you are simply going for the highest interest rates and no customer loyalty is considered as you may have your favourite bank and you decide to keep your funds with them either for sentimental reasons or out of sheer convenience.

Ideally, we should keep 6 months or more of living expenses as our emergency funds in liquid assets, that is, bank deposits. Which are the banks that can offer the highest deposit rates at different cash levels? Before you scoff at the measly interest that we can get from bank deposits nowadays, let me remind you that a journey of a thousand miles begins with a single step. Having a regular savings plan and by accumulating our wealth bit by bit, can we actually attain the goal of financial freedom in the end.

Best Deposit Rates as at January 2015

Assuming you have S$5,000 cash,
CIMB is probably the one bank that you may want to consider. Its CIMB StarSaver Account offers 0.8% p.a. interest on its current account and offers free cheque books. There is no fall below fee. You must be at least 18 years and above and put in a minimum initial deposit of S$5,000.

To enjoy the 0.8% p.a. on the entire account balance, simply top up the month-end balance by:

• maintaining an increasing balance with monthly deposits of a minimum amount OR
• placing a periodic lump sum deposits that will be automatically converted by CIMB Bank into equal portions for your account.

 

Interest Rate	Month-end incremental deposit
	CIMB StarSaver
	Checking and Savings Account
0.8% p.a.	S$500 or more
0.5% p.a.	Less than S$500

Please refer to my previous post on CIMB StarSaver here. For more details, please refer to the official website.


Assuming you have S$25,000 cash,

With the Standard Chartered Bonus$aver Account, you will receive 1.88% p.a.* on your savings up to a $25,000 balance when you charge $500 per month to your Bonus$aver World MasterCard Credit or Debit Card. That's $470 interest a year. Not too bad for consolidating your credit card spend and your savings with one bank.

Current promotion: Get a Samsung GALAXY Tab 3 or $100 CashBack when you sign-up online with a minimum deposit. Details found here.

Please refer to my previous post on Standard Chartered Bonus$aver Current Account here. For more details, please refer to the official website.
 

Assuming you have S$50,000 cash, 

You should open an OCBC 360 account which is still currently the best savings account that is very rewarding for us to consolidate our salary credit, GIRO transactions and credit card spendings  with one bank. That's $1,525 interest a year or a cool $127 a month or up to 3.05% p.a. on the first S$50,000 balance. It is very good for an account which allows you the flexibility of withdrawing funds as and when required.

So, how does it work? You can earn 0.05% per year base interest for account balances of up to S$200,000 or base interest of 0.15% per year on balances above S$200,000.

Bonus interest of extra 1% per year can be earned each when you do all or any of the following:
1. Credit your salary every month by GIRO of at least S$2,000
2. Pay any 3 bills every month either through internet banking or GIRO
3. Spend at least S$400 on your OCBC Credit Cards every month - only main cardholder only

These conditions are quite easy to achieve for the man in the street as compared to similar products like the DBS Multiplier Account.

Please refer to my previous post on OCBC 360 Account here. For more details, please refer to the official website.

With the DBS Multiplier Account, you can earn up to 2.08% p.a. on the first S$50,000 of your savings just through your regular banking with DBS of S$7,500 or more per month. That's $900 to $1,040 interest a year.

This product is aimed at rewarding customers for consolidating their banking needs with DBS. The higher interest will be awarded if any or all of these add up to at least S$7,500 per month:
1. Your Salary is credited to a DBS / POSB account
2. Your Credit Card spendings with DBS / POSB Credit Cards
3. Your Home Loan from DBS / POSB
4. Your Investment Dividends are credited to a DBS / POSB account

Judging from the monthly cashflow amounts, DBS is targeting at the above average earners, spenders, those with big mortgages and the investment saavy folks with deep pockets. However, the redeeming factors are DBS includes all monthly credit card spendings of supplementary cardholders as well. For the PSOB/DBS home loan instalment repayments, both CPF and cash components are taken into consideration.

Total monthly banking with DBS or POSB	Interest Rate (p.a.)1
< S$7,500	0.05%
S$7,500 to < S$10,000	1.08%^
S$10,000 to < S$12,500	1.28%
S$12,500 to < S$15,000	1.48%
S$15,000 to < S$20,000	1.68%
S$20,000 and above	2.08%
1Remaining balance over and above the first S$50,000 will be accorded the prevailing base interest rate for that month.
^Effective from 1 Oct 2014, the interest rate of this tier is revised from 0.98% p.a. to 1.08% p.a.

Please refer to my previous post on DBS Multiplier Account here. For more details, please refer to the official website.

Fixed Deposits
If you have funds that you can stash away for 12 months, you may consider placing a time deposit to get higher interest rates.

Assuming you have S$25,000 cash or more, 
placing a 12-month time deposit with CIMB will earning you an interest of 1.25% p.a. Please refer to my previous post on this here.

Assuming you have S$30,000 cash or more, 
placing a 10-month time deposit with HSBC will get you an interest of 1.25% p.a (HSBC Advance) or 1.35% p.a. (HSBC Premier). Please refer to my previous post on this here.

Update @ 27 Jan 2015
You can also place a 12-month fixed deposit with RHB Bank and get an interest of 1.38% p.a. plus a Mistral Naturai Air Fryer with a S$200,000 deposit. Please refer to my latest post on this here.

Assuming you have S$50,000 cash or more,  
placing a 12-month time deposit with Maybank will earn you an interest of 1.35% p.a. and a 24-month time deposit yields an interest of 1.55% p.a. Please refer to my previous post on this here.

Assuming you have S$150,000 cash or more,  
placing it with ANZ Bank for 12 months will earn you an interest of 1.38% p.a.
Please refer to my previous post on this here.

So, have you decided where to park your emergency funds based on the above? Let us know if you know of other bank promotions which we may have missed out.

Update @ 27 Jan 2015
Assuming you have S$1,000 cash or more, 
placing a 12-month "time deposit" with POSB will earning you an interest of 1.88% p.a (the highest in the market now) plus an $88 cash ang pow if you are the first 10,000 qualifying customers. Please refer to my latest post on this here.

 

Maybank SGD Time Deposits Promotion

Happy New Year everyone! Hope the new year brings you lots to look forward to!

Maybank is offering attractive promotional rates with their Singapore Dollar Time Deposits. Besides getting your interest the next day, you will also receive a Corningware 6-piece Meal Maker set "Dancing Floral" (worth S$145) with a minimum placement of S$150,000 for 24 months.

Tenure	Promotional Rates
	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%

This promotion is applicable for Shariah compliant Term Deposit-i.

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.

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.

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.

Maybank iSAVvy Savings Account Promotion

Now you can earn an attractive rate of up to 1.30% p.a. on your iSAVvy Savings Account. Simply deposit a minimum of S$5,000 in your account to get started!
 

Fresh Funds	Bonus Interest	Base Interest	Total Interest
Deposit (S$)	Rates (% p.a.)(A)	Rates (% p.a.)(B)	Rates (% p.a.)(A+B)
5,000 to < 50,000		0.30	1.10
50,000 to < 200,000	0.80	0.38	1.18
= 200,000		0.50	1.30

   

This promotion is available from 1 October 2014 to 31 January 2015 and applicable to iSAVvy Savings Account and Prestige Savings Account only.  

Please refer to the website for more details.

Maybank Foreign Currency Time Deposit Promotion

From now till 30th September 2014, enjoy promotional interest rates below with a minimum of 10,000 units of the currency of your choice.

Currency	3-Month Interest rate	6-Month Interest rate
AUD	3.15%	3.35%
NZD	3.80%	4.25%
USD	0.80%	0.85%

Please refer to the website for more details.

Best Shopping Credit Cards 2014

Which credit card is the best for shopping? This again depends on your shopping habits. Are you one who spends more on grocery shopping, fashion or prefers to do online shopping in the privacy of your home or likes to shop when you are overseas?

(1) Grocery Shopping

 

With the POSB Everyday Card, Singapore's favourite credit card, 
you will enjoy 5% rebate on groceries at Sheng Siong, 3% on personal care items at Watsons, 3% at Airasia.com, 1% on Comfort / Citycab taxi fares and HDB Season Parking fees, 1% on recurring utility bills with SP Services and Starhub telco bills and 0.3% on everything else as well as up to 17.55% savings at SPC. There is no minimum monthly spending criteria to earn the rebates on local spend unlike most other credit cards.

Also, you can get up to 2% cash rebate on your overseas spend, subject to a minimum total spend of S$1,000 within the same calendar month and capped at a maximum of S$5,000 overseas spend (equivalent to Daily$100) per calendar year.

You can also use it as your ez-link card to pay for your daily transport. When you sign up for EZ-Reload, an auto top-up facility for your ez-link card, you get a 2% cash rebate when charged to your POSB Everyday Card.

Click here to Apply Now and we will direct you to the official card issuer's website.

The Citibank Dividend Card promises more savings on petrol: up to 18.3% at Esso and 18.1% at Shell stations and 5% at all other petrol stations, up to 5% savings on all groceries at Cold Storage, Giant, Sheng Siong and all other supermarkets world-wide and health & beauty / pharmacies spend, up to 2% savings on all dining spend and 0.5% on all other spend. All eligible transactions under petrol, groceries, pharmacies and dining spend must be greater than $50, otherwise only 0.5% is awarded. There is no minimum monthly spending criteria to earn the rebates unlike most other credit cards. The annual award is capped at a maximum of $800 Bonus Dividend Dollars. Click here to Apply Now and we will direct you to the official card issuer's website.

Citibank SMRT Visa Platinum Card

Depending on whether your monthly statement spending is more or less than S$600 and whether your transaction amount is more or less than $50, you get to enjoy different rates of rebate up to 7% rebate on grocery at NTUC, Sheng Siong and Giant, up to 15% rebate on coffee at Starbucks, up to 2% rebate on your EZ-Link top up as you tap and go. On other spending, get 0.3% rebates. You also get to redeem your SMRT$ for vouchers and free rides.

Click here to Apply Now and we will direct you to the official card issuer's website.

HSBC Visa Platinum Credit Card now gives you more savings so you can enjoy more with your loved ones, making family moments even more valuable. Enjoy up to 5% cash rebates on groceries and petrol, and up to 2% cash rebates on dining under the Quarterly Cash Rebates Programme. On top of enjoying the cash rebates of up to 5% on petrol, you will also enjoy 14% instant petrol discounts at all Caltex and Shell stations. The rebates earned are subject to the conditions below.

 

Earn 1 Rewards point with every S$1 charged and reap the benefits of a 3-year validity period. That means more time to accumulate points for higher-value Rewards items. Plus, earn HSBC's Rewards points with your tax payment. Simply charge your taxes to your HSBC credit card to enjoy the convenience of consolidating your payments into one account.

You will receive a Sign up gift of American Tourister 3-piece luggage set + 2-piece accessory worth S$380. Online sign-up exclusive: additional S$20 cash rebate as well as a 2-year Annual Fee waiver.

Click here to Apply Now and we will direct you to the official card issuer's website.

OCBC 365 Credit Card
This card rewards with 6% cashback on weekend dining locally; 3% cashback on weekday dining locally, overseas dining, online spending (travel, fashion, movie tickets, etc.), groceries at all supermarkets & recurring telco bills; 0.3% on others (with min spend of S$600 in each calendar month, capped at S$80 per month). If you spend less than S$600, a flat 0.3% cashback is awarded. It also offers up to 18.3% fuel savings at Esso and Caltex petrol stations and 5% Cashback at all other petrol service stations.

Maybank Family & Friends Platinum MasterCard

Enjoy 5% cash rebates at selected merchant outlets plus earn 0.3% cash rebates on all other purchases. Selected merchants include Cold Storage; NTUC Fairprice/Finest/X-tra; FOX Kids & Baby; Mothercare; POPULAR Bookstores; Toys "R" Us; Yamaha Music; Canadian Pizza Delivery; KFC Delivery; McDonald’s Delivery; Pizza Hut Delivery; Guardian; Unity NTUC Healthcare; Watsons; LEGOLAND® Malaysia Resort tickets. To enjoy the 5% cash rebate at designated merchants on your Maybank Family & Friends Platinum MasterCard, a minimum spend amount of S$500 per calendar month is required. Otherwise, the 0.3% cash rebate will apply.

Receive a set of American Tourister 31” and 20” luggage when you apply for Maybank Family & Friends Platinum MasterCard and CreditAble now! The annual fee of S$80 is waived for the Principal Card for the first year and when you spend a minimum of S$12,000 p.a. in subsequent years. Supplementary Cards are free.

Click here to Apply Now and we will direct you to the official card issuer's website.
 

(2) Shopping at Departmental Stores

For shopaholics who cannot get enough shoes, clothes and bags, with the Citi Rewards Visa / MasterCard, you will earn 10 Citi$ for every S$1 spent both locally and overseas. This is capped at 120,000 Citi$ per year. On other spending, you will earn 1 Citi$ per S$1 spent. Click here to Apply Now and we will direct you to the official card issuer's website.

For those who like to shop at Robinsons, the OCBC Robinsons Credit Card is your best companion. Enjoy 5% cash rebate on any amount charged at Robinsons, Marks & Spencer and John Little on your monthly statement. Enjoy 10% cash rebate when you charge beyond S$5,000 during the qualifying periods. Be invited to members-only sales and events and enjoy up to 2 hours of complimentary parking every Saturday and Sunday at Centrepoint, Raffles City and The Heeren. Also, receive a 25% Robinsons Bonus Discount Letter when you charge a minimum of S$500 at Robinsons, Marks & Spencer and/or John Little during the qualifying periods (1 January to 30 June or 1 July to 31 December).

Earn 1 Robs$ for every S$2 charged outside of Robinsons, Marks & Spencer and John Little. Earn 2x Robs$ (3 Robs$ for S$2 spent) on overseas purchases and purchases made every last weekend of the month (Friday to Sunday). No annual fee is charged for the first year.

Click here to Apply Now and we will direct you to the official card issuer's website. 

For those who love shopping at Takashimaya, we have also have the DBS Takashimaya Visa Platinum Credit Card. It allows card holders to accumulate Takashimaya Bonus Points and redeem for gift vouchers. Every S$10 (in a single receipt) charged to your Takashimaya Visa Platinum Card at Takashimaya Department Store, including designer boutiques within the store, will earn you 1 Takashimaya Bonus Point. Accumulate 100 points (after charging S$1000 to your card) and you can redeem for a S$30 Takashimaya Gift Voucher(s) at the Customer Service Centre on Level 2.

Enjoy an additional 10% discount at the Takashimaya Department Store during selected sale events. Get on the VIP guest list for sale previews, special events, promotions and more.

Click here to Apply Now and we will direct you to the official card issuer's website. 

This is another card good for shopping at Takashimaya, the DBS Takashimaya Platinum American Express® Card. Every S$10 (in a single receipt) charged to this card at Takashimaya Department Store, including its high-end designer boutiques, earns you Takashimaya points. Simply accumulate 100 points (after charging S$500 to your card) and you can redeem S$30 Takashimaya Gift Voucher(s). That's equivalent to a 6% voucher rebate. This gives much better value than the Visa Platinum card above. Enjoy an additional 10% discount at the Takashimaya Department Store during selected sale events. Get on the VIP guest list for sale previews, special events, promotions and more.

Click here to Apply Now and we will direct you to the official card issuer's website. 
(3) Online Shopping

For those who prefer online shopping, DBS Woman's World MasterCard® Credit Card provides 10 DBS points for every S$5 spent on online purchases. This is capped at S$2,000 spending per month (ie. 4,000 DBS points) However, for local spend, only 1 DBS points for for every S$5 spent while 3 DBS points will be rewarded for every S$5 spent overseas. Click here to Apply Now and we will direct you to the official card issuer's website. 

(4) Overseas Shopping

For shopaholics who love to buy designer shoes, clothes and bags from Europe, US and airport duty-free shops, with the Citi Rewards Visa / MasterCard, you will earn 10 Citi$ for every S$1 spent both locally and overseas on shopping. This is capped at 120,000 Citi$ per year. On other spending, you will earn 1 Citi$ per S$1 spent. Click here to Apply Now and we will direct you to the official card issuer's website. 

UOB PRVI Miles Platinum American Express Card gives you 2.5 KrisFlyer miles for every S$1 (or equivalent to 6.25UNI$ for every S$5) of overseas spend. A further 20,000 KrisFlyer miles will be awarded for S$50,000 spent in a year. Charge a min of S$500 on air tickets, hotel or package within 3 months prior to date of travel and get unlimited limousine rides to the airport. However, points expire in 2 years and minimum income qualification is S$80,000 per annum. Click here to Apply Now and we will direct you to the official card issuer's website.

DBS Altitude American Express Card gives you 1.2 KrisFlyer miles for every S$1 of local spend and 2 KrisFlyer miles for every S$1 of overseas spend. Points never expire and there is no cap on spendings. The only gripe I have of the DBS programme is that it requires a minimum of 10,000 DBS Points to be converted to 20,000 KrisFlyer points which means a minimum spending of S$5,000 before any conversion is possible. That is, if you are looking to convert to KrisFlyer miles. Otherwise, the DBS points can be redeemed for shopping vouchers. The annual conversion fee of $42.80 allows you to make an unlimited no. of conversions in one year. Click here to Apply Now and we will direct you to the official card issuer's website.

Citi PremierMiles Visa Card has the same rewards as the DBS Altitude Amex Card but lower income qualifications of S$50,000 per annum versus S$80,000 for the latter. The PremierMiles card allows conversion at $25 at a minimum of 500 miles which makes it a lot more flexible than DBS. Citi Miles can be converted at over 70 airlines under KrisFlyer, Asia Miles, Royal Orchid Plus, SkyMiles, Executive Club, Enrich, Infinity MileageLands, Garuda Frequent Flyer and Etihad Guest frequent flyer programmes. You get 10,000 miles upon renewal of the card by paying annual fees of $192.60. If you wish to request for waiver of card fees, you will not get the bonus miles. I like it because there is no minimum monthly spending requirement and there is no cap on your spendings for which rewards can be earned. Click here to Apply Now and we will direct you to the official card issuer's website.

The above are some of the best shopping cards in the market. Have you found what is best for you?