Are you a student in Singapore looking for a credit card? If so, you’re in luck! There are many credit cards available specifically designed for students. These cards come with unique benefits and rewards that cater to your lifestyle and spending habits.
Understanding student credit cards in Singapore can be overwhelming, but it’s essential to do your research before applying. Student credit cards typically have lower credit limits and annual fees than regular credit cards.
They also often come with cashback rewards and discounts on dining and entertainment. However, it’s important to note that these cards also come with higher interest rates, so it’s crucial to pay your balance in full every month to avoid accruing debt.
Top student credit cards reviewed include the Maybank eVibes Card, Citibank Clear Card, and CIMB AWSM Card. Each card offers different benefits and rewards, so it’s essential to compare and choose the one that best fits your needs.
Maximising rewards and benefits, managing your student credit card, and practical considerations are also important factors to consider when choosing a student credit card in Singapore.
Key Takeaways
- Singapore offers many credit cards specifically designed for students with unique benefits and rewards.
- Understanding the features and benefits of student credit cards before applying is essential.
- Top student credit cards reviewed include the Maybank eVibes Card, Citibank Clear Card, and CIMB AWSM Card.
Student Credit Card Singapore: Understanding the Facts
If you’re a student in Singapore, you may have heard of student credit cards. These cards are designed specifically for students and offer a range of benefits and features that are tailored to their needs. In this section, we’ll explore student credit cards, the benefits they offer, and the eligibility requirements you need to meet to get one.
What Is a Student Credit Card?
A student credit card is a type of credit card designed for students enrolled in a tertiary institution. These cards typically offer lower credit limits and lower interest rates compared to regular credit cards. They also often come with rewards and discounts that are geared towards students, such as cashback on textbooks, transport, and food.
Benefits of Student Credit Cards
There are several benefits to using a student credit card in Singapore. Firstly, they can help you build your credit history, which is crucial if you plan on applying for loans or credit in the future. Secondly, they offer rewards and discounts that are tailored to students, such as discounts on food and transport. Thirdly, they can help you manage your finances better by allowing you to track your spending and set limits on your credit card.
Eligibility Requirements for Student Credit Cards
To be eligible for a student credit card in Singapore, you need to be enrolled in a tertiary institution. You also need to be at least 18 years old and have a minimum income of S$18,000 per annum. Some credit card providers may require you to have a guarantor or provide proof of income, so it’s essential to check the eligibility requirements before applying.
In summary, student credit cards in Singapore offer various benefits and features tailored to students. They can help you build your credit history, manage your finances better, and save money on everyday expenses. To be eligible for a student credit card, you need to be enrolled in a tertiary institution and meet the minimum income requirements.
Student Credit Card Singapore: Top Student Credit Cards Reviewed
If you’re a student in Singapore, you need a credit card that is tailored to your needs. Fortunately, several credit cards offer great rewards and discounts. This section will review the top student credit cards available in Singapore.
Maybank eVibes Card
The Maybank eVibes Card is one of the best credit cards for students in Singapore. It offers a wide range of benefits, including cashback on groceries, dining, and petrol. Additionally, you can enjoy discounts at various merchants across Singapore. The card is also easy to apply for and has no annual fee.
CIMB AWSM Card
The CIMB AWSM Card is another excellent option for students. It offers unlimited cashback on all your spending, including online purchases. You can also enjoy discounts at various merchants across Singapore. The card has no annual fee and is easy to apply for.
DBS Live Fresh Student Card
The DBS Live Fresh Student Card is a popular choice among students. It offers cashback on dining, online shopping, and entertainment. Additionally, you can enjoy discounts at various merchants across Singapore. The card has no annual fee and is easy to apply for.
Citi Clear Card
The Citi Clear Card is another popular credit card among students. It offers cashback on dining, entertainment, and online shopping. Additionally, you can enjoy discounts at various merchants across Singapore. The card has no annual fee and is easy to apply for.
Standard Chartered Manhattan $500 Card
The Standard Chartered Manhattan $500 Card is an excellent option for students who want to earn cashback on their spending. It offers cashback on dining, petrol, and groceries. Additionally, you can enjoy discounts at various merchants across Singapore. The card has no annual fee and is easy to apply for.
BOC Qoo10 Platinum MasterCard
The BOC Qoo10 Platinum MasterCard is a credit card designed for online shopping. It offers cashback on all your online purchases, including Qoo10. Additionally, you can enjoy discounts at various merchants across Singapore. The card has no annual fee and is easy to apply for.
In conclusion, there are several credit cards available for students in Singapore. Each card has its unique benefits, so it’s essential to choose the one that suits your needs. We hope this review has helped you make an informed decision.
Student Credit Card Singapore: Maximising Rewards and Benefits
As a student, you can maximise your rewards and benefits by using your credit card wisely. Here are some tips to help you get the most out of your student credit card.
Cashback and Rebates
Most student credit cards in Singapore offer cashback or rebates on your spending. This means you can earn a percentage of your spending back in cash or rebates. Some cards offer higher cashback or rebates for categories such as dining, groceries, or online shopping.
It is vital to choose a card that suits your spending habits so you can earn the most cashback or rebates.
Points and Rewards Programmes
Some student credit cards in Singapore offer points or rewards programmes. This means that you can earn points for your spending, which can be redeemed for rewards such as vouchers, air miles, or cash rebates.
Some cards offer higher points or rewards for specific categories such as dining, entertainment, or travel. It is vital to choose a card that suits your spending habits so you can earn the most points or rewards.
Exclusive Dining and Entertainment Deals
Many student credit cards in Singapore offer exclusive dining and entertainment deals. This means that you can enjoy discounts or promotions at selected restaurants, cafes, cinemas, or attractions.
Some cards offer higher discounts or promotions for specific categories, such as fine dining, fast food, or movie tickets. It is essential to check the terms and conditions of each deal so you can enjoy the most exclusive dining and entertainment offers.
Following these tips, you can maximise your rewards and benefits with your student credit card in Singapore. Remember to choose a card that suits your spending habits so you can earn the most cashback, points, or rewards. Also, be sure to check the terms and conditions of each deal so you can enjoy the most exclusive dining and entertainment offers.
Student Credit Card Singapore: Managing Your Student Credit Card
As a student, managing your credit card can be a challenging task. However, with a little discipline and knowledge, you can use your credit card to your advantage. Here are some tips to help you manage your student credit card effectively.
Avoiding Overspending
One of the biggest risks of having a credit card is overspending. To avoid overspending, it is essential to create and stick to a budget. Before making any purchase, ask yourself if it is a necessity or a luxury. If it is a luxury, consider whether you can afford it without exceeding your budget. Keep track of your spending and ensure that you do not spend more than you can afford to pay back.
Understanding Fees and Charges
Credit cards come with fees and charges that you need to be aware of. Some of the standard fees include annual fees, late fees, and interest charges. Make sure you understand the fees and charges associated with your credit card. Read the terms and conditions carefully and ask your bank if you have any questions. Avoid making late payments, as they can result in hefty late fees.
Building a Healthy Credit Score
Your credit score is an essential factor that determines your ability to get credit in the future. To build a healthy credit score, you need to use your credit card responsibly. Make sure you pay your bills on time and in full every month.
Avoid using your credit card for cash advances or balance transfers. Keep your credit utilization ratio low by not using more than 30% of your credit limit. A healthy credit score will help you get better interest rates and terms on loans and credit cards in the future.
In summary, managing your student credit card requires discipline, knowledge, and responsibility. Avoid overspending, understand the fees and charges, and build a healthy credit score to make the most of your credit card.
Student Credit Card Singapore: Special Features
If you are a student in Singapore, you might want to consider getting a student credit card. These cards come with several features that are tailored to suit the lifestyle and needs of students. Here are some of the unique features of student credit cards that you should know about.
Eco-Friendly Credit Options
If you are environmentally conscious, you can opt for an eco-friendly credit card. These cards are made from recycled materials and come with eco-friendly perks such as cashback when you dine at eco-eateries.
Some eco-friendly credit cards also offer rewards when you use public transportation or make purchases at sustainable stores. By using an eco-friendly credit card, you can help reduce your carbon footprint and contribute to a greener future.
Online Shopping Perks
As a student, you might do a lot of online shopping for textbooks, gadgets, and other essentials. Student credit cards offer online shopping perks such as cashback, discounts, and free shipping. S
ome cards also offer rewards when you shop at specific online marketplaces or use e-wallets. By using a student credit card for online shopping, you can save money and earn rewards at the same time.
Travel and Lifestyle Privileges
Student credit cards also come with travel and lifestyle privileges that can help you save money and enjoy your free time. For example, some cards offer discounts on movie tickets, theme park admissions, and other entertainment options.
Some cards also offer travel rewards such as air miles, hotel discounts, and travel insurance. By using a student credit card for your leisure activities, you can save money and have more fun.
In conclusion, student credit cards come with several unique features that can help you save money, earn rewards, and live a more sustainable lifestyle. Whether you are an eco-conscious student, an avid online shopper, or a travel enthusiast, there is a student credit card that suits your needs.
Student Credit Card Singapore: Practical Considerations
When choosing a student credit card in Singapore, there are several practical considerations to keep in mind. Here are some of the key factors you should consider before making a decision.
Credit Limit and Annual Fee
The credit limit is the maximum amount of money you can borrow using your credit card. This limit is usually determined by the bank based on your income and credit history. When choosing a student credit card, it is vital to consider the credit limit and ensure it is sufficient for your needs.
In addition to the credit limit, you should also consider the annual fee charged by the bank. Some student credit cards have no annual fee, while others may charge a small fee. It is essential to weigh the benefits of the card against the annual fee to determine whether it is worth it.
Interest Rates and Late Fees
Another critical factor to consider when choosing a student credit card is the interest rate charged on outstanding balances. Some cards may offer a lower interest rate, while others may charge a higher rate. It is important to compare interest rates to ensure you are getting the best deal.
You should also consider the late fee charged by the bank if you miss a payment. Late fees can be costly and can quickly add up if you are not careful. Make sure you understand the late fee policy before choosing a student credit card.
Card Acceptance and Merchant Partnerships
Finally, you should consider the acceptance of the card and the merchant partnerships offered by the bank. Some student credit cards may have limited acceptance, which can be a problem if you need to use your card for certain purchases.
Merchant partnerships can also be a valuable benefit of a student credit card. Some banks offer discounts and promotions with specific merchants, which can help you save money on your purchases.
Overall, when choosing a student credit card in Singapore, it is essential to consider the credit limit, annual fee, interest rates, late fees, card acceptance, and merchant partnerships. By carefully weighing these factors, you can choose a card that best suits your needs and helps you manage your finances effectively.
Student Credit Card Singapore: Additional Benefits for Specific Groups
Deals for NSF and Low-Income Working Adults
If you are a National Service Full-time (NSF) personnel or a low-income working adult, you can enjoy exclusive deals and promotions with select credit cards. For instance, the POSB Everyday Card offers a 1% cashback on daily essentials such as groceries, dining, and transport. This is especially useful for NSFs who need to save on daily expenses while serving the nation.
Another option is the Maybank Family and Friends Card, which offers up to 8% cashback on groceries, transport, and utilities. This card is perfect for low-income working adults who need to stretch their budget to cover essential expenses.
Perks for Tertiary Students and Permanent Residents
If you are a tertiary student or a permanent resident, you can enjoy a range of perks and rewards with select credit cards. For example, the DBS Live Fresh Student Card offers up to 5% cashback on online and contactless transactions, making it an ideal choice for students who prefer to shop online.
Alternatively, the OCBC Frank Card offers up to 6% cashback on online shopping, entertainment, and dining. This card is perfect for permanent residents who want to enjoy the best deals and discounts in Singapore.
In addition to cashback rewards, some credit cards offer exclusive privileges such as free movie tickets, discounts on dining and entertainment, and access to airport lounges. So, if you are a Singapore citizen, permanent resident, or a tertiary student, make sure to choose a credit card that offers the best perks and rewards for your lifestyle and needs.
Frequently Asked Questions
What are the top choices for student credit cards in Singapore?
As a student in Singapore, you have several options when it comes to credit cards. Some of Singapore’s most popular choices for student credit cards include the Maybank eVibes Card, Citibank Clear Card, and CIMB AWSM Card. These cards offer a range of benefits, from cashback rewards to low fees and interest rates.
How can a student under 18 obtain a credit card?
If you’re under 18 years old, you may still be able to obtain a credit card in Singapore with the help of a parent or guardian. Some banks offer supplementary credit cards that can be linked to a parent or guardian’s primary account. This can help you build your credit history and establish good financial habits early on.
What requirements must be met to secure a student credit card?
To secure a student credit card in Singapore, you’ll typically need to meet specific requirements, such as being a full-time student at a recognized institution and having a minimum income of S$500 per month. You may also need to provide proof of identification, such as a passport or national ID card.
Which student credit card is most recommended by peers in Singapore?
The most recommended student credit card in Singapore may vary depending on who you ask. However, some of the most popular choices among students include the Maybank eVibes Card, which offers 1% cashback on all purchases, and the CIMB AWSM Card, which offers unlimited cashback on dining and entertainment.
How does the DBS Live Fresh Student card stack up against others?
The DBS Live Fresh Student card is another popular choice among students in Singapore. This card offers 5% cashback on online and Visa contactless transactions, as well as discounts on dining and entertainment.
While it may not provide as many benefits as some other cards, the DBS Live Fresh Student card can be a good option for students who frequently shop online or use contactless payment methods.
What benefits should one look for in a student debit card?
When choosing a student debit card in Singapore, it’s essential to look for benefits that are tailored to your needs. Some of the most important benefits to consider include low fees and interest rates, cashback rewards, and discounts on dining and entertainment.
You may also want to look for a card that offers supplementary benefits, such as travel insurance or free access to airport lounges.
