If you’re still eyeing a “proper” credit card but don’t meet the income requirement, an alternative is to consider a secured credit card instead. You should expect to see spending requirements of at least $5,000 for the largest business credit card signup bonuses — though a requirement of up to $25,000 … Minimum spend requirements and cashback caps apply. S$0 annual fee for the first 3 years and S$180 thereafter, Chance to win a trip for 2 to watch FC Barcelona every season, Complimentary access to selected VIP airport lounges. This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). S$0 annual fee for the first 1 year and S$176.55 thereafter. Enjoy up to 3.33% cash rebates on local and foreign currency spend. Up to 5% savings on groceries, fast food, movies, and coffee. Find the perfect gift. Cardholders are given a free yacht hire, 6 airport lounge visits per year, free travel insurance, Hertz Asia privileges, regional golfing privileges and more. Credit card issuers aren’t just trying to snoop — the truth is they’re legally obligated to ask for your income, according to the Credit CARD Act of 2009. Our partners cannot pay us to guarantee favorable reviews of their products or services. I plan to retire at the end of next year with $25,000 in credit card debt and 15 more years to pay my mortgage. Advertiser Disclosure: ValueChampion is a free source of information and tools for consumers. finder.com is a financial comparison and information service, not a bank or While Amex Platinum is a particularly perks-driven card, consumers still have the opportunity to earn rewards for their spend. These cards minimise such restraints and provide a way for affluent individuals to maximise their earnings potential. The most common aspirational credit card for young adults is a Visa Infinite branded one - these cards generally require an annual income of at least S$120,000. Ends. Thus, credit card sign-up promotions also weighed in as one of the most important criteria when picking up the top credit cards. Our site may not feature every company or financial product available on the market. Annual fee applies. Be aware that the benefits and perks, like rewards, offered by ‘no income’ or ‘low income’ credit cards, are likely to be restricted. 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. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Up to 5% cashback on online and contactless spend (including SimplyGo rides), Get S$150 cashback with no minimum spend of S$800 when you sign up online by, Shopping, travel and lifestyle offers at over 3,000 outlets in Asia. T&Cs apply. Earn up to 8% cash rebates in grocery stores, supermarkets, online grocery shopping and other categories when minimum spend requirements are met. 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. Enjoy cashback on all purchases with no minimum spend or cap. Why are some income requirements so much higher than others? For example, students wouldn’t be expected to earn $30,000 but they can still be approved for a credit card. DBS World Business Card … If payment is not made in full by the due date, finance charges … Plus, free travel cover. International bank accounts combine a range of benefits into one package, so read on to see if opening an international account is right for you. Just keep in mind that your income is only one factor that’s taken into account during the application process. Earn 3 KrisFlyer miles per S$1 when you spend with Singapore Airlines, Scoot, SilkAir or KrisShop and 1.2 KrisFlyer miles per S$1 on all other spend. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. Why should I consider a credit card if there aren't any rewards? Even better, spending S$50,000/year earns a fee waiver as well as 20,000 bonus miles (worth about S$200). Get S$100 cash credit when you apply, charge to your card and withdraw from your CreditAble account with a minimum of S$250 for each of the first two months upon approval. 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