With nearly 10 million principal and supplementary credit cards in circulation for a population of nearly 5.4 million, Singapore must rank as one of the most “credit card-dense” countries. Being one of the world’s premier shopping destinations has its perks; almost every bank in Singapore now offer a plethora of cards across various categories. And, the dilemma facing Singaporeans is which card to go in for; to this end we’ve tried and put together a few tips:
The Card Comparison feature – The credit card section of many banks’ websites offer a nifty feature called “Card Comparison”. You can use this feature to select up to 2 to 4 cards from those issued by the bank for comparison. Upon selection, a table comparing the selected cards feature-by-feature is displayed; you can use this to arrive at a final evaluation.
Comparison websites – There are also a number of credible third-party websites that allow you to compare credit cards of various banks based on a particular feature. The feature upon which you could base the comparison could be income eligibility, interest rate (APR), annual fee, rewards; you could also compare cards across categories like Petrol, Travel, Shopping, Entertainment, Dining etc. Some of these sites also provide feature- or category-based ranking that could help you narrow down your choice.
Lets take a look at some popular card choices category-wise: – Click Here
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