4.3. On the other hand, the average travel card may not provide the luxury and comfort you seek. However, there is a S$321 annual fee, so cardholders are most likely to benefit if they take full advantage of all of its value-adding privileges. Visit Site. Another reason we consider it one of the most prestigious credit cards in Singapore is the complimentary VIP access to luxury hotels here on the island and overseas. Required minimum income varies depending on the bank and card, but it’s safe to assume that you need to have a net worth of either millions or billions to qualify for them. Earn 3X points on travel immediately after earning … It’s no surprise that a lot of jetsetters we know are rushing to get hold of this prestigious credit card. If you prioritise golf perks and would like to earn miles, {"endpoint":"\/newsletter\/subscribe","style":"blue","title":"Keep up with our news and analysis. Another SC Visa Infinite Card benefit is access to top-notch travel perks. Even better, spending S$50,000/year earns a fee waiver as well as 20,000 bonus miles (worth about S$200). Eligibility: S$200,000 assets under management with Standard Chartered Bank Singapore. This annual fee is strictly non-waivable. The HSBC Visa Infinite Card is a premium credit card offering one of highest welcome bonus miles and exclusive travel perks such as unlimited access to airport lounges, airport limousine and express immigration clearance. Maybank FC Barcelona Card only rewards overseas spend with 2 points per S$1 (equal to 0.8 miles, or about 0.8%), and therefore is best fit for local spenders. These cards minimise such restraints and provide a way for affluent individuals to maximise their earnings potential. The DBS Insignia Visa Infinite Card surely looks like a sleek and elegant credit card, but, obviously, applying for it is nothing but easy. The UOB Visa Infinite Metal Card comes with an annual membership fee of S$642 (inclusive of GST), which includes a package of UNI$12,500 (equivalent to 25,000 miles at UNI$1 = 2 air miles redemption rate, which the Cardmember needs to redeem himself/herself via UOB Rewards Programme. It requires a minimum income of at least S$500,000 and total assets that amount to $5 million. Other benefits that come with the Citi Ultima are free miles, cash rebates, access to airport lounges, priority banking, hotel and restaurant discounts, and flight upgrades. If you no longer use cash for purchases, then there’s no better credit card for you than the DBS Insignia Visa Infinite Card. Carrie is a Senior Analyst at ValueChampion, helping consumers find the best credit cards and other financial products based on quantitative and qualitative analysis. As expected, qualifying for the American Express Centurion Black Card isn’t going to be easy. Accounts & Cards; Cards; DBS Insignia Visa Infinite Card. Cardholders must book with their valid HSBC Visa Infinite card in Singapore. This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). 4. If you’re an affluent consumer and don’t mind paying a high fee for elite privileges, you may be interested in these cards. It offers more benefits and perks than the standard, gold, or even premium credit cards. American Express Centurion Black Card. The Straits Times called it “an exceedingly exclusive card for the mega-rich,” and with a S$350,000 annual income requirement, you could forgive them the hyperbole. Most credit cards come with some type of travel insurance, but our pick for the most comprehensive coverage is the Meridian Visa Infinite Travel Rewards Card. Beyond these benefits, consumers can also enjoy a few perks like free travel insurance and airport transfers. Owners who book a business class flight on any airline using the OCBC Elite World Card will receive a cash rebate worth 50% of the total purchase. Minimum income requirement isn’t disclosed but a history of $250,000 and above in spending is required. All bookings … Global ATM network. 109 Reviews. Ultimately, this is the best card for very wealthy local spenders looking to maximise cashback. Obviously, black credit cards have higher annual fees compared to all the other types. Your Visa Infinite card is accepted at tens of millions of merchants worldwide. You will no longer have to struggle reserving front-row tickets to your favourite singer’s concert. If you’re an affluent socialite seeking cashback on leisure spend. Save my name, email, and website in this browser for the next time I comment. A black credit card is the most prestigious type of credit card that exists, reserved only for millionaires and billionaires. Did you choose one to aim for in the coming years? Another exclusive benefit that comes with the American Express Centurion Black Card is the offer of 24/7 concierge services. Required fields are marked *. These rates are less competitive. Want to know what it takes to quality for the most prestigious credit cards in Singapore? The annual fee for Maybank Visa Infinite Card will be automatically waived with a total minimum spend of S$60,000 per annum. Get cash when you need it. If you're an affluent traveller looking to rapidly accrue miles, consider the cards below. Cardholders receive unlimited lounge access, complimentary limo transfers, free travel insurance, golfing privileges across SE Asia and more. Ultimately, if you spend about S$4,200/month, UOB PRVI Miles Card can maximise miles for spend without any added cost. All of them come with ridiculously high requirements that only rich people can meet, so the chances of qualifying for them is really small. We’re here to describe the requirements for getting the best credit cards in the country. Enter your Visa Infinite card number below to join our email list and begin to take advantage of your cards benefits, access an exclusive collection of unique experiences and so much more. Altogether, high spenders can enjoy more than just unlimited earning potential with SC Unlimited Cashback Card–they can also take advantage of a variety of transport benefits, whether they’re commuting, driving, or booking a private hire. We also discovered that only a few select people with impressive net worth are given invitations to avail of the Citi Ultimate. Those perks include faster immigration clearance at some of Singapore’s airports, Hilton Honors gold membership, and unlimited access to over 700 VIP lounges at airports across the world. Advertiser Disclosure: ValueChampion is a free source of information and tools for consumers. Best welcome gift: HSBC Visa Infinite or SCB Visa Infinite (tie) Here, the HSBC Visa Infinite Credit Card stands out with a generous bonus of 35,000 air miles (equivalent of SIA economy class return trip to Hong Kong or Taiwan). 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It’s one of the few black cards in Singapore with annual fees that don’t go beyond S$2,000. And that’s it for our list of the most prestigious credit cards in Singapore. Post 30th June 2018, customers should approach Allianz for any assistance on their travel insurance claims that stem from the usage of the Standard Chartered Visa Infinite Credit Card or the Standard Chartered Priority Banking Visa Infinite Credit Card and queries relating to claims prior to 30th June 2018 should be directed to MSIG. Posted on October 18, 2018 by theRantingPanda in Snippets. Another noticeable feature about the OCBC Elite World Card is its relatively low income requirement of S$250,000 compared to other top-tier black cards. Our partners cannot pay us to guarantee favorable reviews of their products or services. Though, according to insiders, it’s the most powerful credit card when it comes to travel perks. Owners will even receive airport speedpass access for faster immigration checks at airports in Asia. Senior business executives who travel often for work or leisure may want to check this out. Apply Now. Maybank Visa Infinite Card: Requires annual income of $ 150,000.00 for all applicant. There’s a rule when looking at the most prestigious credit cards in Singapore: the more elusive the information about it, the harder it is to qualify for the card. Reign in the DBS Insignia Visa Infinite, OCBC Elite World and UOB Reserve too. For one, owners of the OB Reserve Card can reserve a private yacht charter for up to 14 friends and family members. The HSBC Visa Infinite Card provides various perks to cardholders. Some owners will also receive invites to some of the most prestigious events in Singapore and overseas! Finally, Maybank FC Barcelona is one of the few unlimited cards with a fee-waiver; cardholders who spend S$10,000/year are exempt. It’s so exclusive that most information about it is undisclosed, including the required minimum income and penalty fees. Find the latest information on which deposit accounts offer the highest interest rates and strongest promotional offers in Singapore. Aside from the usual hotel discounts, flight upgrades, complimentary accommodations, unlimited access to airport lounges, and free air miles, we believe that the UOB Reserve Card can offer more than these. The UOB PRVI Miles Card is recognised to be one of the best air miles cards in Singapore, thanks to its generous earn rate of 1.4 miles per dollar (local) and 2.4 miles per dollar (overseas). Free air miles, cash rebates, two-night stay at luxury hotels in Asia, access to airport lounges, discounts on restaurants and hotels, and yacht access, Minimum income of S$$500,000 or a total of $3 million in assets with DBS, Annual free miles, cash rebates, preferential rates, access to airport lounges, flight and hotel upgrades, complimentary hotel accommodations, and dining discounts, Minimum income of S$500,000 and total assets of at least $5 million with Citibank, Hotel discounts, flight upgrades, free air miles, access to airport lounges, hotel upgrades, and restaurant discounts, Access to golf courses in the Asia Pacific, Complimentary accommodation at a luxury hotel. Cardholders even have the chance to win a trip to see FC Barcelona play live, with travel and accommodations included. ValuePenguin is not in control of, or in any way affiliated with, the content displayed on this website. Most cards offering these perks come with even higher fees. Expect a high annual fee of S$588.50, but in return you receive a generous perk of a welcome bonus offer of miles and ongoing opportunities to earn more discounts and benefits in a range of categories. Imagine carrying it around inside your wallet! If there’s one credit card that can make your business trips easier, it’d have to be the DBS Insignia Visa Infinite Card. If you’re chosen, then you’re one of the few lucky ones who will get to know its exclusive perks. As a note, dollar value is heavily dependent on spending habits; intangible benefits (like free travel insurance and airport lounge access) are valuable but difficult to quantify. However, the card comes with a few unique sporting benefits that set it apart, including discounts of up to 10% off at official FC Barcelona stores. The OCBC Elite World Card is a credit card that allows users to enjoy endless benefits without feeling broke at the end of the day. Who doesn’t love private yacht parties, right? Another thing we found out is that you can bring a special friend overseas and have your flights upgraded to business class without additional fees. As such, it's easy to switch between miles and cashback depending on preference or needs. She previously led consumer studies worldwide as a Senior Research Executive at MMR Research, and led development & operations and BellaVetro. There are even far more prestigious black cards with undisclosed annual fees: for most people, the fees for those will be anything but affordable. It’s worth noting that the most prestigious credit cards in Singapore are only available through invites from various banks and financial institutions. UOB PRVI Miles Visa Card: Up to 6 mpd on travel sites. Back in September 2003, UOB launched the UOB Visa Infinite, Singapore’s first-ever Visa Infinite card. This kind of offer is unparalleled by any other miles-earning card on the market. Ultimately, OCBC Voyage Card provides affluent travellers with great flexibility both in earning and redeeming miles, plus access to top-notch perks. It’s the world’s first metal credit card that makes contactless payments even more convenient through payWave. Meanwhile Citi Prestige … Please enter your 16-digit Visa card number. Total minimum spend of S$60,000: can be on principal and/or supplementary cards but excludes Fund Transfer, late charges, interest charges and all other fees and charges imposed by Maybank; and must be charged within the year before the annual fee is due on the card. Overall, affluent individuals interested in unlimited rewards–with the flexibility to change redemption type–should definitely consider OCBC 90°N Card. It may have slightly lower requirements for owners than others but its privileges surely don’t disappoint. spend), 0.4 miles per S$1 local spend, 2 miles overseas (Base Rate), Tax payments eligible for rewards points, all cardholders, Best Credit Cards for High Income Earners 2021. Upon accepting the invitation, you will be assigned a lifestyle relationship manager who will keep track of your expenses. For affluent consumers with a budget of at least S$6,000/month, If capped cashback cards are keeping you from your full earning potential, consider, If you’re an especially high spender with a mostly local budget, look no further than. In addition, new cardmembers receive 35,000 welcome miles (worth S$350) which further offset cost. Standard Chartered Priority Banking Visa Infinite Card. 4. There is no annual fees for the supplement card. Taking multivitamins has become quite a necessity to make sure that our body is…, Getting your hands on the best umbrellas in Singapore is an effective way to…, Fish oil supplements are known to be the most beneficial supplements nowadays. Some of these benefits are higher credit limits, higher travel insurance coverage, special hotel upgrades, travel credits, access to airport lounges, and 24/7 concierge services, among others. Now that we’ve answered some of your queries about the most prestigious credit cards in Singapore, it’s time to go over our picks! When you look at it, it’s no longer impossible for a lot of people to get their hands on one of the most prestigious credit cards in Singapore. How much do platinum and black credit cards cost? ValueChampion is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. Though, once you’ve enjoyed its benefits, you will never get enough of it. If you want to purchase a pair of limited edition shoes, your manager will do everything to get your hands on that pair. Earning Rate (per S$): 1 mile with possibility to earn more miles per month based on banking relationship balance with the bank. Cardholders are given a free yacht hire, 6 airport lounge visits per year, free travel insurance, Hertz Asia privileges, regional golfing privileges and more. 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. Black cards wouldn’t be marketed towards high-net-worth people if they didn’t require ridiculously high monthly income from members. Cardholders also benefit from free travel insurance benefits. Ultimately, it’s worth checking to see if you qualify for an HSBC account, because HSBC Advance Card offers an exceptional way to quickly maximise spend, with fewer restraints than other cashback cards. 2. The American Express Centurion Black Card comes with endless exclusive travel perks that will make anyone’s trip a lot more memorable. Lastly, fun fact: the American Express Centurion Black Card is deemed one of the heaviest black cards, weighing at least 22 grams. 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. Imagine receiving a total of 100,00 air miles that can be converted to multiple free flights, on top of having  unlimited access to more than a thousand airport lounges worldwide. The annual fee for Maybank Visa Infinite Card will be automatically waived with a total minimum spend of S$60,000 per annum. We'll help you make informed decisions on everything from choosing a job to saving on your family activities. If other credit cards can only cover a single person for flight upgrades, consider this one different! First year waived. How do platinum and black credit cards work? In addition, non-Advance customers must pay a S$192.6 annual fee (though it can be waived with S$12,500 annual spend). Existing cardholders will receive S$20 worth of GrabFood voucher, Earn 4.4mi/S$1 on 1st S$80 spend on local transit fare paid via SimplyGo, Annual fee: S$256.80 (first year- waived), 20,000 bonus annual renewal miles (worth S$200) with S$50,000 annual spend, 1.4 miles per S$1 local spend, 2.4 miles overseas, 6 miles at major airlines & airports, 8 free limo transfers & free travel insurance, For every month you spend at least S$4,000, receive 2,000 bonus miles unti 31 Dec 2020, 2 complimentary visits to Priority Pass lounges, Existing cardholders will receive $30 cash via PayNow, Annual fee: S$192.60 (first year - waived), 1.6% cashback on all local and overseas spend, Welcome gift of 4.5% cashback on up to S$5,000 in first 3 months, Annual fee: S$192.60 (waived for two years), Annual fee: S$171.20 (first year- waived), Free travel insurance & Amex Selects Privileges, 2 Pts (0.8 miles) per S$1 on foreign currency transactions, Up to 10% discount at FC Barcelona official stores, Unlimited 2% cashback on wine & dine, entertainment, recreation, automobile & parking, petrol, and duty-free stores spend (locally & overseas), Unlimited 1.5% cashback on all other spend, 50% off green fees at select fairways in Asia, Free travel insurance, access to MasterCard Airport Experiences, Apply with MyInfo and get instant approval and use of a digital card (via partnership with SingSaver), Renewal bonus: 10,000 Travel$ (worth 10,000 miles or S$100), Miles Option: 1.2 miles per S$1 locally, 2.1 miles overseas, Cashback Option: 1.2% rebate locally, 2.1% overseas, No conversion fees & rewards never expire, Apply online with MyInfo via SingPass, receive S$30 Lazada vouchers, Annual fee: S$192.60 (first year- waived), Up to 3.5% flat rebate for cardholders with an HSBC Advance banking relationship (2.5% for others), Up to 16% fuel savings with Caltex and 14% petrol discount with Shell, 1.3 miles per S$1 local spend, 2 miles overseas, 25,000 annual renewal miles (worth S$250), Unlimited lounge access, travel insurance, free hotel nights & more, Up to 3.44 miles (6.25 pts) per S$1 spend w/ Platinum EXTRA Partners, Dining Perks: Love Dining, Amex Selects & Chillax programme, Lifestyle Perks: Platinum Wellness spa privileges & complimentary green fees, Earn 3 voyage miles per S$1 spend overseas ans 2.5 miles on local dining spend (valid until January 31), Annual fee: S$488 (with 15,000 VOYAGE Miles), No miles conversion fees and no black-out dates, Unlimited lounge access, free travel insurance and complimentary transfer service, Unlimited 2% cashback on all travel expenses & overseas spend, Complimentary green fees at 108 fairways across 16 countries, Free travel insurance, 3x lounge access, discounted limo transfers, 10 pts (4 miles) per S$1 spend with select dining & retail merchants, 2 complimentary green fees/month at 120 fairways worldwide, Free travel insurance, lounge access & global concierge, Annual fee: S$650 (S$488 for HSBC Premier customers), 1st Year: 1 mile per S$1 local spend, 2 miles overseas, Thereafter: 1.25 miles per S$1 local spend, 2.25 miles overseas (with S$50,000 annual spend), Unlimited lounge access, travel insurance, golfing privileges, free limo transfers & expedited immigration clearance (1x/S$2,000 spend, up to 24x/year), Up to 20.2% fuel savings with Caltex, 14% with Shell, 1.4 miles per S$1 local spend, 3 miles overseas (S$2,000/mo min. On travel booking sites such as Expedia and Agoda, this earn rate can go as high as 6 miles per dollar. On top of that, owners will get to enjoy at least 2 visits to more than 600 airport VIP Lounges worldwide. If you have lost your Visa card, we can help block your account, send a replacement card and provide emergency cash. Standard Chartered Unlimited Cashback Credit Card. While rewards rates are rather low for a travel card (1 mile per S$1 locally & 2 miles overseas during 1st year, 1.25 locally & 2.25 overseas subsequently with S$50,000 annual spend), cardholders can enjoy unique perks like expedited … Perhaps most importantly, consumers can redeem their Travel$ without worrying about point devaluations (typical for cashback redemption) or conversion fees (often S$25+ per transfer). You need to have at least an annual income of S$$500,000 or total assets of $3 million under your name. If you're a high income earner spending S$6–8k+ per month, typical cashback cards' earning caps will restrain your potential. Best Visa credit card: TD® Aeroplan® Visa Infinite* Card: Up to 20,000 points and a bonus Buddy Pass, annual fee rebated in the first year, offer ends May 30, 2021 : $139 * Personal: $60,000 * Household: $100,000: Best cash back Visa credit card: Scotia Momentum Visa Infinite: 10% cash back in the first 3 months, first year free : $120 After all, this was a product meant for the top 0.1% in Singapore. 3. Billed as the ultimate credit card for indulgences and an exclusive lifestyle, Visa Infinite is now of one the dream cards most aspiring working adult wants. The OCBC Premier Banking Visa Infinite card is made of plastic, as opposed to the metal-clad VOYAGE. There isn’t a lot of available information about the Citi Ultima online, but what we know is that it’s one of the hardest credit cards to get in Singapore. There’s no doubt that the American Express Centurion Black Card is considered one of the most prestigious credit cards in Singapore. Affluent golfers can access no-fee privileges with the following cards. Anyway, if it’s impossible for you to get your hands on these prestigious credit cards right now, you might want to try your luck with the best credit cards in Singapore. The site does not review or include all companies or all available products. Our site may not feature every company or financial product available on the market. While there’s a S$588.5 fee, these perks balance the cost. For one, owners are entitled to free flight upgrades, access to Centurion lounges, personal travel agents, free hotel upgrades, higher travel insurance coverage, and access to high-end gyms in the UK, US, and Canada, among others. These five credit cards are some of the most prestigious and unattainable plastics in Singapore right now and the envy-evoking benefits they offer remain mere dreams for the hoi polloi. Owners will receive an all-year pass to golf courses across the Asia Pacific region. Benefits: Priority Pass membership (unlimited visits) Global customer assistance. On top of that, the most glaring difference would have to be the requirements and each one’s target market. We’ve selected the best cards on the market for business travellers in terms of comfort & convenience, high overseas rewards rates, and a few added benefits (like rewards for banking). If you’re a person who loves to travel, you’re definitely going to enjoy the seemingly endless perks that come with black cards. Her work has been featured on a variety of major media such as Yahoo Finance, Asia One, Buro, Zuu Online and more. Let’s start! Cash vs Credit Cards: Which Is Better To Use When Travelling? It’s all in one card. The Standard Chartered Visa Infinite Credit Card offers the same welcome gift or the choice of 15,000 miles + a Samsonite 28” spinner luggage. Visa Infinite Credit Card From Standard Chartered Bank Singapore For Start Embracing The Infinite Possibilities That Await You Requires annual income of $ 30,000.00 for all applicant. Owners can expect to pay no less than S$500 per year, but there are others with almost S$3,000 in annual fees, on top of initiation fees that cost almost S$10,000. They don’t come with endless perks but it’s much easier to apply for them! Overall, this card is perfect for higher spenders with an Advance account because while there’s a monthly cap, it’s very high, and the rebate rate is more than double that offered by unlimited cashback cards. If you don’t get an invite, you most likely don’t meet its minimum requirements, but nothing’s wrong with that. Your email address will not be published. With typical features including annual fees that cannot be waived, and minimum annual income of S$120,000 and upwards, Visa Infinite cards in Singapore have managed to keep its prestige as the quintessential credit card …