Credit Card Galore

There are so many credit cards in Singapore!! It is almost impossible to keep track of which is better but it is definitely wise to review your card preference once in a while to ensure that you are getting the best deal!

This time, I will focus on Cashback! (Who doesn't love cashback?)

I recently came across an interesting card - OCBC 365



It has the following benefits...



The caveat is a minimum spending of $600 per month and the cashback amount is capped at S$80 per month. This means if you spend the most on petrol and weekend dining (which are exactly my main expenditure),  you should spend at most $1600 on this card (assuming 5% cashback). Beyond that, you are not going to earn anything extra cashback.

Overall, this is quite a good generic card I must say. It allows you to use it for most of the expenses without having to crack your head and wonder which card to use when the bill arrives.

There is another card worth mentioning - Maybank Family & Friends Platinum Mastercard

As silly as the name may sound, it offers quite attractive cashback.

Selected 5% Cash Rebate Merchants
	Daily Essentials Cold Storage** NTUC Fairprice/Finest/X-tra** Leading petrol stations and hypermarts in Malaysia Click here for merchant outlets		Learning & Retail FOX Kids & Baby New! Mothercare New! POPULAR Bookstores Toys "R" Us Yamaha Music Click here for merchant outlets
	Fast Food Delivery Canadian Pizza Delivery KFC Delivery McDonald’s Delivery Pizza Hut Delivery Click here for merchant outlets		Health & Wellness Guardian Unity NTUC Healthcare Watsons Click here for merchant outlets
	Leisure & Attractions LEGOLAND® Malaysia  Resort# Click here for merchant outlets

Once again, the caveat is a minimum spending of $500 per month and the cashback amount is capped at $600 per year which works out to be $50 per month. Beyond that, it continues to earn cashback at 0.3%.

Too bad the petrol cashback is only for Malaysia petrol stations.

To end off, I shall honor my past favourite - Citibank DIVIDEND Card

It does not have a minimum monthly spending but it has a minimum transaction amount of $50 before you can earn the full cashback. It give you 18.3% for petrol, 5% groceries, 2% dining and 0.5% for others.

I think currently the OCBC 365 suits my spending pattern the best as most of my expenses are on dining and petrol (two of my most sinful pleasures in life)

For those who wants a more detailed review of credit cards, I recommend Cheaponana! It is very comprehensive and it provides some analysis too!