Moving out is a significant milestone for many young Singaporeans. While living with parents until you’re financially stable is common in Asian cultures, there comes a time when independence is the goal. But how do you know if you’re truly ready? Well, consider these five signs that you’re financially prepared to live independently in Singapore.
#1: YOU CAN AFFORD THE COSTS OF MOVING OUT
Rent will likely be your largest monthly expense. In Singapore, renting a room or flat is common for singles under 35, unless family support helps secure a private apartment. Apart from rent, consider other costs like furniture, food, transportation, and household bills. Location, size, and proximity to amenities will affect rental prices, so ensure you can comfortably manage these costs before making the leap.
HDB flats are typically more affordable but come with eligibility criteria and waiting periods. Private condominiums offer more flexibility but at a higher cost. Understanding the differences will help you make the right choice.
#2: YOU HAVE AN EMERGENCY FUND
Unexpected expenses, like medical bills or home repairs, are inevitable. Having an emergency fund, ideally three to six months’ worth of living expenses, provides financial stability during tough times. If you haven’t built your emergency fund yet, focus on saving before considering independent living.
#3: YOU CAN PAY YOUR BILLS ON TIME
Paying bills promptly is a key sign of financial stability. If you consistently meet your obligations, it shows you’re managing your finances well. Struggling to pay bills or delaying payments? You may need to improve your budgeting skills before moving out. Consider reducing non-essential spending or finding ways to increase your income.
#4: YOUR NET WORTH IS GROWING
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Financial stability means having extra funds to save and invest. If you’re growing your net worth through investments in stocks, real estate, or other assets and side hustles, you’re on the right track. Even small increases in your net worth show that you’re financially responsible and ready for the added costs of independent living.
#5: YOU ARE EMOTIONALLY READY TO MOVE OUT
Moving out is not just a financial decision…it also requires emotional readiness. Independent living involves managing your own household, cooking, cleaning, and solving problems on your own. If you feel confident in your ability to handle these tasks, it’s a good sign you’re prepared for this next step in life.
IN A NUTSHELL
Living independently comes with both perks and responsibilities. Assess your new financial obligations, such as contributing to your parents’ allowance or paying for insurance, and plan your budget accordingly. Additionally, consider the emotional impact on your family dynamics. Moving out can change your relationship with your parents, so make sure you’re ready for this transition.
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Take your time to plan and ensure that when you do move out, you’re doing so with confidence and security.
I’ve been on the lookout for a credit card with the best rewards and after some research, I stumbled on this combo:
UOB Lady’s Credit Card x UOB Lady’s Savings Account
I’m excited to make the most out of my savings and spending, knowing that signing up for both can earn me up to an impressive 25X UNI$ per S$5 spent, equivalent to 10 miles per S$1!
How It Works for Me:
UOB Lady’s Credit Card: I earn 10X UNI$ per S$5 spent on up to two of my preferred rewards category(ies). That’s 4 miles for every S$1 I spend.
UOB Lady’s Savings Account: I boost my rewards with up to an additional 15X UNI$ per S$5 spent on my preferred rewards category(ies), adding up to 6 more miles per S$1.
Plus, there’s no lock-in period, giving me the flexibility to choose and change my preferred rewards category(ies) every quarter.
And the best part? There’s no minimum spend required, allowing me to earn rewards on my terms!
Painting the Picture:
I have plans to maintain a S$50,000 Monthly Average Balance (MAB) in my UOB Lady’s Savings Account and spend S$800 each month on my preferred rewards category(ies) with my UOB Lady’s Credit Card.
For me, a monthly S$800 spend is easily attainable since I spend the bulk on the Beauty & Wellness and Dining categories.
Here’s the rough breakdown if you’re interested:
Gym membership ($100)
Beauty/cosmetic buys ($100)
Personal grooming such as hairdressing, facial treatment/hair removal, nails/lash/eyebrows, etc. ($300)
Dining at my favourite restaurant and ordering food via foodpanda ($300)
This means in just one month, I could rack up 3,200 UNI$.
Keeping this up for 12 months means I could gather a whopping 38,400 UNI$ in a year!
Redeeming My Rewards:
I can convert these UNI$ into 76,800 KrisFlyer miles (1 UNI$ = 2 miles).
With that, I could snag my round-trip business class ticket to Hong Kong* within a year! It would be my first-ever business class experience.
But if I decide not to spend all my UNI$ on flying, I have plenty of other options too.
I can redeem my UNI$ for rewards from a variety of dining, shopping, and travel merchants on UOB Rewards+.
In essence, whether I’m aiming for luxury travel or indulging in simple everyday perks, the benefits add up quickly!
*Based on Singapore Airline’s Saver Awards Chart as of October 2023, excluding taxes, charges, and fees.
Maximizing Your Rewards:
You can choose and change your preferred rewards category(ies) every quarter. These include:
Dining
Travel
Fashion
Beauty & Wellness
Family
Transport
Entertainment
This flexibility means you can adapt as your spending habits and priorities shift.
Switch to whatever categories you deem fit quarterly to maximize your UNI$ and get the best rewards for your spending and savings!
For example, during the year-end holiday season, I can switch my rewards category to Travel. This allows me to book air tickets and easily hit the S$800 spending target in a single transaction!
By consistently managing my spending, I can easily accumulate a significant amount of UNI$ annually. During travel months, I can reach the monthly spending target even faster by booking air tickets and covering other travel expenses.
If you have more savings to park aside and can maintain at least a S$100,000 MAB, you can earn an additional 15X Lady’s Savings Bonus UNI$ on your preferred rewards category(ies).
So, it’s smart to consolidate your purchases with the Lady’s Credit Card to maximize your Lady’s Savings Bonus UNI$.
Curious About Your Rewards?
Wondering how many UNI$ and miles YOU can rack up based on YOUR spending and savings?
Simply click this link to UOB’s official website and click on ‘Calculator’ to access the ‘Lady’s Card and Lady’s Savings Account Calculator’ to enter your details and see your potential rewards in a flash!
Just like this:
Subsequently, as a card member, you can easily view, track and redeem your UNI$ rewards all on the UOB TMRW app.
0% LuxePay Interest-Free Payment Plan over 6 or 12 months on your luxury purchase (shoes or bags)
Exclusive Birthday Treats during your birthday month
e-Commerce Protection for your online purchases
Complimentary Travel Insurance covering up to 100,000 USD
For the UOB Lady’s Savings Account:
Receive up to S$240 in cash credit when you apply online
That’s not all! Receive a pair of Gentle Monster sunglasses when you spend with UOB Lady’s Credit Card or save with UOB Lady’s Savings Account. Promotion is from 8 Nov – 31 Dec 2024.
T&Cs apply, of course. Insured up to S$100k by SDIC.
So stop waiting and join me right away by signing up now here.
Adulting often feels like a juggling act. You’re managing bills, savings, and responsibilities, while also trying to make room for the things that keep you sane like shopping, travel, or that occasional indulgence. It can feel overwhelming, but you can find balance and achieve financial stability with the right strategies. Start with these steps:
LEARN TO ALLOCATE
Budgeting is the cornerstone of financial stability. One effective strategy is the 50-30-20 rule, which suggests allocating:
a. 50% of your monthly income to fixed expenses, like housing, transportation, and subscriptions.
b. 30% to flexible spending, such as shopping, bag charm collections, and leisure activities.
c. 20% to savings or financial goals, creating a cushion for emergencies.
This formula isn’t one-size-fits-all. Feel free to tweak it based on your priorities and responsibilities. The key is to give every peso or dollar a purpose.
TRACK YOUR SPENDING
Ever wonder where your money disappears? Keeping a detailed record of your expenses can be eye-opening. Apps, spreadsheets, or even a good old notebook can help you identify spending habits and areas where you can cut back.
A practical tip: Some people swear by having a bank account without online access as it requires more effort to withdraw money, which might discourage impulsive spending.
EDUCATE YOURSELF FINANCIALLY
Knowledge is power, especially when it comes to personal finance. Start by reading books or articles from reputable sources like Money Digest or the Government’s MoneySENSE. These resources break down complex topics into simple, actionable advice.
Image Credits: unsplash.com
If you’re ready to take it up a notch, consult financial professionals like planners or accountants. And remember, stay firm on your goals. Don’t let anyone pressure you into overspending, whether it’s a significant other or friends planning extravagant trips.
BUILD AN EMERGENCY FUND
You’ve heard it before: “Save for a rainy day.” But how? Allocate a percentage of your income to a contingency fund. This could be in a savings account or investments that allow your money to grow. Even small, consistent contributions can build a significant safety net over time.
SAVE FOR RETIREMENT NOW
It’s never too early to think about your future. Thanks to the power of compound interest, starting your retirement fund in your 20s can set you up for a comfortable future. The earlier you start, the more your savings will grow, with interest building on both the principal and the interest already earned.
INVEST IN YOURSELF
Before diving into stocks or real estate, focus on the most valuable investment: you. Whether it’s pursuing a degree, learning new skills, or taking courses unrelated to your job, self-improvement pays off in the long run.
Financial stability isn’t just about numbers as it’s about mindset. Create a lifestyle that’s both enjoyable and sustainable. Learn to view money not as the goal but as a tool to achieve your dreams.
As Melissa Olson, AVP and Wealth RPS Education Coordinator at Johnson Financial Group, puts it:
“Adopting a healthy money mindset involves more than just managing your finances—it’s about creating a sustainable lifestyle that aligns with your financial capabilities and future aspirations.”
By living within your means and developing a strong savings plan, you’re setting yourself up for a lifetime of options and freedom.
Image Credits: unsplash.com
Budget wisely, educate yourself, and never stop investing in your future. The road to financial stability starts with small, intentional steps. Take yours today!
This holiday season (and for the first time ever), SingSaver is channeling its inner Santa and delivering attractive rewards worth up to S$1,300 in cash, an Apple iPad, Dyson Micro Vacuum, and more when you apply for credit cards through their platform.
Here’s How You Can Unlock These Gifts:
Apply for a Credit Card via SingSaver: Browse and select the perfect card tailored to your needs.
Meet The Respective Requirements: Apply and meet the respective requirements
Redeem Your Festive Rewards: Choose from cash rewards, the latest gadgets, or home essentials like the Dyson Micro Vacuum.
Apply now and let SingSaver play Santa for you this holiday season. Don’t wait—unwrap your rewards before the promotion ends 20 December 2024.
Receive Up To $1,350 In Cash
Applications for 2 Eligible Products:
(a) One of the products must be a valid New-to-Bank application.
(b) One of the products must be from UOB, Maybank, or CIMB Bank. Reward: S$50 cash via PayNow.
Applications for 3 or More Eligible Products:
(a) One of the products must be a valid New-to-Bank application.
(b) One of the products must be from UOB, Maybank, or CIMB Bank. Reward: S$100 cash via PayNow.
Choose Other Attractive Rewards
Don’t want cash? Opt for other attractive gifts like the Dyson Micro Vacuum, Apple iPad, and more!
Earn your miles faster with one of the best cards for your travel needs. The Citi PremierMiles Card lets you redeem from the widest range of airlines, where 1 Citi Mile = 1 Mile, with KrisFlyer, Asia Miles, Qantas, Qatar, Flying Blue, and more. With no caps on miles earned, redeem your miles for flights, hotels and merchandises.
Earn 1.2 miles for every S$1 spent on all your eligible purchases with your Card
Earn 2 miles for every S$1 equivalent in foreign currency spent overseas on eligible purchases
Complimentary access to over 1,300 airport VIP lounges twice per calendar year with Personalised Priority Pass membership card. Priority Pass membership is on application basis and reserved for Principal cardholders only.
Welcome gift: Receive an Apple iPad 9th Gen 10.9 wifi 64GB (worth S$479), or Dyson Micro 1.5kg Vacuum (worth S$599), or Hinomi H1 Classic V3 Ergonomic Office Chair (With Headrest) (worth S$659), or 50,000 yuu Points, or S$370 Cash via PayNow
Requirements: New-to-bank customers to activate and spend a minimum S$500 within 30 days of card approval
Keep this card in your wallet. The Citi Cash Back Card is one of the best cash back card in the market, offering a whopping 8% cash back on your Groceries and Petrol, and 6% on dining, daily, worldwide. Subject to cash back cap of S$80 across all retail spend per statement month with a min. spend of S$800 per statement month.
Imagine this: every $800 spends get you $80 cash back in a month.That works out to be almost a thousand dollar of cash savings in a year!
Welcome gift: Receive an Apple iPad 9th Gen 10.9 wifi 64GB (worth S$479), or Dyson Micro 1.5kg Vacuum (worth S$599), or Hinomi H1 Classic V3 Ergonomic Office Chair (With Headrest) (worth S$659), or 50,000 yuu Points, or S$370 Cash via PayNow
Requirements: New-to-bank customers to activate and spend a minimum S$500 within 30 days of card approval
The Citi Rewards Card is a must-have card for those who always shop online using credit cards. Imagine earning 10X Rewards^ (4 Miles) for every S$1 spent online each time you shop.
Enjoy 10X Rewards^ (4 Miles) on online and retail purchases at Lazada, Qoo10, TANGS and more.
Earn 10X Rewards* (4 Miles) on rides with Grab, ComfortDelGro, Gojek and more
Earn 10X Rewards^ (4 Miles) on online food delivery
Earn 10X Rewards^ (4 Miles) on online groceries
Earn 1X Reward on all other spend.
Welcome gift: Receive an Apple iPad 9th Gen 10.9 wifi 64GB (worth S$479), or Dyson Micro 1.5kg Vacuum (worth S$599), or Hinomi H1 Classic V3 Ergonomic Office Chair (With Headrest) (worth S$659), or 50,000 yuu Points, or S$370 Cash via PayNow
Requirements: New-to-bank customers to activate and spend a minimum S$500 within 30 days of card approval
Not to be confused with the Cash Back Card, the Citi Cash Back+ Mastercard® is a new product launched by Citibank this year which offers a competitive 1.6% cashback on all spend categories with no cap and no minimum spend. In other words, you can accumulate as much cashback as you want each time you swipe you card. It does not expires and you can redeem it instantly on-the-go with Citi Pay with Points or for cash rebate via SMS.
Welcome gift: Receive an Apple iPad 9th Gen 10.9 wifi 64GB (worth S$479), or Dyson Micro 1.5kg Vacuum (worth S$599), or Hinomi H1 Classic V3 Ergonomic Office Chair (With Headrest) (worth S$659), or 50,000 yuu Points, or S$370 Cash via PayNow
Requirements: New-to-bank customers to activate and spend a minimum S$500 within 30 days of card approval
Citi Prestige Card is a premium credit card that offers benefits such as travel, dining and lifestyle privileges. Being a Citi Prestige Cardmember means you get access to offers handpicked for you to ensure you get the most unforgettable experiences.
Earn 3.25 Citi Dollars (or 1.3 miles) per S$1 local spend and 5 Citi Dollars (or 2 miles) per $1 overseas spend.
Enjoy unlimited complimentary access to over hundreds of VIP airport lounges for primary cardmembers and one accompanying guest. One complimentary night at any hotel of your choice with a booking of at least 4 consecutive night stay.
Enjoy six complimentary golf games at highly celebrated golf courses in Singapore, Malaysia, Indonesia and China
Savour an enchanting Four Hands collaboration presented by Citi Gourmet Pleasures
From travel and entertainment to day-to-day tasks such as organising a delivery, the global Citi Prestige Concierge team is there to support your lifestyle at home and abroad
Choose to travel in comfort to or from Changi International Airport, with complimentary one-way airport limousine transfers: Enjoy 2 complimentary rides per quarter with a minimum spend of S$12,000 within the same quarter.
Enjoy peace-of-mind when you travel abroad with their complimentary insurance
Welcome gift: Receive a Samsonite Straren Spinner 67/24 + 2X AirTag (worth S$690.80), or Apple iPad 9th Gen 10.9 wifi 64GB (worth S$508.30), or 18K Max Miles, or 50,000 Yuu Points, or S$370 Cash
Requirements: New-to-bank customers to activate and spend a minimum S$500 within 30 days of card approval
Unlock the power of savings with the CITI SMRT Card! Enjoy an incredible 5%* savings every time you shop at supermarkets, grocery stores, or online, and even on your daily taxi and public transport rides island-wide. Plus, earn 0.3% savings on all other retail spend. The best part? You can easily redeem your SMRT$ for cash rebates or shopping vouchers, maximizing the value of every dollar you spend. Upsize your savings and make every purchase count with the CITI SMRT Card!
*Terms and conditions apply.
Welcome gift: Receive an Apple iPad 9th Gen 10.9 wifi 64GB (worth S$479), or Dyson Micro 1.5kg Vacuum (worth S$599, or Apple Airpods Pro Gen 2 + Magsafe Charger (worth S$408), or 50,000 yuu Points or S$370 Cash via PayNow
Requirements: New-to-bank customers to activate and spend a minimum S$500 within 30 days of card approval
Maximize your savings and enjoy exclusive perks with the Citi M1 Platinum Visa Card! Earn up to 10% Citi M1 Rebate on your M1 recurring bills and 0.3% Citi M1 Rebate on all retail transactions^—with no expiration on your rebates. Plus, enjoy 10% off device accessories and earn up to 1% Citi M1 Rebate when you shop at M1 Stores. Stay connected worry-free with complimentary SIM card replacement for lost or damaged cards, and save more with waived activation fees for Data Passport and M1 Value-Added Services. Experience unmatched value and convenience with the Citi M1 Platinum Visa Card!
Welcome gift: Receive an Apple iPad 9th Gen 10.9 wifi 64GB (worth S$479), or Dyson Micro 1.5kg Vacuum (worth S$599, or Apple Airpods Pro Gen 2 + Magsafe Charger (worth S$408), or 50,000 yuu Points or S$370 Cash via PayNow
Requirements: New-to-bank customers to activate and spend a minimum S$500 within 30 days of card approval
Elevate your financial journey with the Standard Chartered Simply Cash Credit Card, a gateway to a world of exciting possibilities and unbeatable rewards. Imagine earning a generous 1.5% cashback on all your expenditures, transforming your everyday transactions into a treasure trove of savings. But the benefits don’t stop there – this card is designed to revolutionize the way you manage your finances. Whether it’s settling your IRAS dues, investing in education, securing insurance coverage, or managing rental payments, the Simply Cash Credit Card showers you with not just cashback, but also reward points and even bonus interest.
Welcome gift: Receive a Dyson Supersonic (worth S$649), or Dyson Micro 1.5kg Vacuum (worth S$599), or Apple iPad 9th Gen 10.2 Wifi 64GB (Space Grey/Silver) (worth S$479),or S$400 Lazada, or S$380 Cash via PayNow
Requirements: : New-to-bank customers to activate and spend a minimum S$500 within 30 days of card approval.
The Standard Chartered Smart Credit Card allows you to earn 6% cashback in the form of reward points on selected merchants with no min. spend required. You can also enjoy S$0 fees on annual fee and cash withdrawal with 3-month interest-free instalments with 100% cashback on service fees. Now that is the smarter way to spend and you can say goodbye to fees!
Welcome gift: Receive an Apple AirPods 4 (with Active Noise Cancellation) (worth S$249), or Flujo BEA Ergonomic Office Chair (worth S$549), or S$280 Lazada Voucher, or S$240 Cash via PayNow
Requirements: New-to-bank customers to activate and spend a minimum S$500 within 30 days of card approval.
Up your rewards game with the Standard Chartered Rewards+ Credit Card, your passport to exceptional benefits. Earn up to 10x rewards points on foreign currency for overseas retail, dining, and travel adventures, and enjoy up to 5x rewards points on dining transactions in SGD, adding a new dimension to your dining experiences. Plus, the perks kick in from the get-go with S$200 cashback upon spending S$388 within 30 days of card approval, setting the stage for a rewarding journey. Terms and conditions apply, so seize the opportunity to unlock a world of enhanced rewards and privileges.
Welcome gift: Receive an Apple AirPods 4 (with Active Noise Cancellation) (worth S$249), or Flujo BEA Ergonomic Office Chair (worth S$549), or S$280 Lazada Voucher, or S$240 Cash via PayNow
Requirements: New-to-bank customers to activate and spend a minimum S$500 within 30 days of card approval.
Experience the extraordinary with the Standard Chartered Journey Credit Card, where every purchase becomes a gateway to your dream vacation. Earn 3 miles per S$1 for selected bonus categories, 2 miles per S$1 for overseas spending, and 1.2 miles per S$1 for local expenses, accelerating your rewards like never before. Revel in exclusive travel benefits, from 3 miles per $1 on online transactions to non-expiring rewards points that kick in from your very first dollar spent. Indulge in 2 complimentary Priority Pass lounge visits annually and travel with peace of mind through up to S$500,000 in coverage. Embrace a world of travel and rewards beyond the ordinary – your journey starts here.
Welcome gift: Get a Samsonite Straren Spinner 67/24 (worth S$600), or 12,000 Max Miles, or S$200 Lazada Voucher, S$190 Cash via PayNow
Requirements: New-to-bank customers to activate and spend a minimum S$500 within 30 days of card approval.
Unlock a world of rewards with the HSBC Live+ Credit Card. Get up to 8% cashback on the things you love—whether you’re dining out, indulging in some retail therapy, or enjoying your favorite movies and shows. From delicious meals at restaurants across Asia to exclusive shopping deals and entertainment offers, you’ll earn cashback on every purchase. Plus, enjoy additional perks like up to 17% fuel savings and 1-for-1 deals worldwide through the ENTERTAINER with HSBC app. With the HSBC Live+ Credit Card, life’s little pleasures just got more rewarding. Learn more and start earning cashback today!
Welcome gift: Get a Dyson SSHD 15 (worth S$699), or Dyson Micro 1.5kg Vacuum (worth S$599), or FLUJO SmarTrax Standing Desk (worth S$739), or S$199 Cash via PayNow + S$200 eCapita Voucher, or S$400 eCapita Voucher
Requirements: New-to-bank customers to activate and spend min. $500 by end of the following calendar month from the card account opening date. All applicants must provide marketing consent.
HSBC Revolution Card is a rewards credit card ideal for savvy online shoppers. It allows you to earn up to 10X Points on online purchases or the usage of contactless payment like Visa PayWave and Apple Pay. Alternatively you can choose miles as your reward, with 4 miles for every dollar spent ($1 = 4 miles). Benefits of the HSBC Revolution card include no annual fees, travel insurance, no required minimum spend and more.
Welcome gift: Get a Dyson SSHD 15 (worth S$699), or Dyson Micro 1.5kg Vacuum (worth S$599), or 20,000 Heymax Miles, or S$400 UPSIZED Cash via PayNow + S$200 eCapita Voucher, or S$400 eCapita Voucher
Requirements: Activate and spend min. S$500 for 30-day periods following card approval
The HSBC TravelOne Credit Card opens up a world of elevated travel with its incredible features. This card stands out as the first HSBC credit card to offer instant redemptions with a wide array of airline and hotel partners, all accessible through your mobile app, providing unprecedented convenience. Additionally, you can earn up to 2.4 miles (6X Reward points) for every dollar spent, accelerating your journey towards your travel dreams. The card further enhances your travel experience with complimentary travel insurance coverage, including protection against COVID-19, airport lounge visits, and more. Moreover, its flexibility shines through with the option to split purchases across various tenors to suit your individual needs through HSBC Instalment Plans, ensuring that your travel experiences are tailored to your preferences.
Welcome gift: Get a Dyson SSHD 15 (worth S$699), or Dyson Micro 1.5kg Vacuum (worth S$599), or 20,000 Heymax Miles, or S$199 Cash via PayNow + S$200 eCapita Voucher, or S$400 eCapita Voucher
Requirements: New-to-bank customers to activate and spend min. $500 by end of the following calendar month from the card account opening date. All applicants must provide marketing consent and pay the annual fee of SGD196.20 (inclusive of GST)
The HSBC Advance Credit Card is a cashback credit card designed to help you save as you spend with up to 3.5% cashback without minimum spend. Spending less than S$2,000 monthly gets you 1.5% cashback while spending more than S$2,000 will get you 2.5% cashback. The maximum cashback you can earn per month is capped at S$70.
The extra 1% cashback can be earned when the HSBC Advance Cardholder also has an HSBC Everyday Global Account that fulfills S$2,000 of monthly deposit AND charges 5 qualifying Credit Card transactions.
Welcome gift: Get a Dyson SSHD 15 (worth S$699), or Dyson Micro 1.5kg Vacuum (worth S$599), or FLUJO SmarTrax Standing Desk (worth S$739), or S$199 Cash via PayNow + S$200 eCapita Voucher, or S$400 eCapita Voucher
Requirements: New-to-bank customers to activate and spend min. $500 by end of the following calendar month from the card account opening date. All applicants must provide marketing consent.
Unlock unparalleled cashback rewards for your everyday expenditures with the UOB One Credit Card. Elevating your savings game, this card offers an astounding up to 15% cashback across categories including online shopping, groceries, health and beauty, convenience stores, transport, food delivery, and utilities. Enjoy up to 4.33% cashback on Singapore Power utilities bills and up to 3.33% cashback on all retail spending. Drive further with fuel savings of up to 22.66% at Shell and SPC. As if that wasn’t enough, link your card to the UOB One Account+ for potential interest savings of up to 7.8% p.a. Elevate your cashback experience and make the most of every expense with the UOB One Credit Card.
Experience the epitome of straightforward cashback rewards with the UOB Absolute Cashback Credit Card. Say goodbye to complexities – this card offers an unbeatable 1.7% limitless cashback rate, setting a new standard in Singapore. With no minimum spend requirements and absolutely no spend exclusions, your cashback journey becomes refreshingly seamless. Embrace a world where earning cashback is pure simplicity, and your spending yields limitless rewards.
Welcome gift: Receive Apple AirTag (4 pack) (worth S$149), Sony LinkBuds S (WF-LS900N) (worth S$199), S$120 Lazada Vouchers, S$120 Trip.com Vouchers or S$100 Cash via PayNow
Requirements: New-to-bank customers to activate and spend of S$500 within 30 days of card approval
Empower your choices and embrace rewards tailored to your desires with the UOB Lady’s Card. Your preferences matter, and with this card, you’re in control. Opt for your preferred rewards category and relish 15X UNI$ for every S$5 spent, equivalent to an impressive 6 miles per S$1, or earn UNI$1 per S$5 spent (0.4 miles per S$1) on other purchases. Your financial flexibility expands with the enticing 0% Lady’s LuxePay, allowing 6 or 12-month interest-free installment plans with no processing fees. Plus, enjoy the added peace of mind with free e-Commerce protection for online purchases up to USD200. Elevate your choices, rewards, and financial experiences with the UOB Lady’s Card by your side.
Enjoy an impressive 8% cashback on both online and mobile contactless spending with the UOB EVOL Credit Card, while also securing up to 7.8% p.a. interest when linked to the UOB One Account+. As Southeast Asia’s pioneer in bio-sourced cards, it’s not just a card but a testament to a greener future, complete with a suite of sustainable privileges. With the added perk of waived annual fees through just three monthly transactions, the UOB EVOL Credit Card is your gateway to a progressive, rewarding, and environmentally conscious lifestyle.
Embark on a journey of boundless possibilities with the UOB PRVI Miles World Mastercard, the ultimate choice for limitless miles. Whether at home or abroad, every S$1 spent unfolds a world of rewards: earn 1.4 miles on local spending, 2.4 miles on overseas transactions, including online shopping on international websites, and an astonishing 6 miles on Agoda, Expedia, and UOB Travel bookings via the UOB PRVI Miles website. With the power to redeem for miles, cash rebates, or vouchers, your options are as endless as the destinations you dream of. Elevate your adventures and embrace the freedom of limitless miles with the UOB PRVI Miles World Mastercard.
Welcome gift: Receive S$60 Cash via PayNow (SingSaver) OR Get up to 58,000 miles (UOB)
Unlock a world of elevated travel with the UOB KrisFlyer Credit Card, your key to a sky-high journey. Earn 3 KrisFlyer miles per S$1 spent on Singapore Airlines, Scoot, KrisShop, and Kris+ purchases. What’s more, earn up to 3 KrisFlyer miles per S$1 spent on dining, food delivery, online shopping, travel, and transport expenses. At the same time, enjoy 1.2 KrisFlyer miles per S$1 spent on all other categories.
The CIMB Visa Infinite Card lets you earn unlimited 2% cashback on Travel, Overseas and Online Spend in Foreign Currencies and unlimited 1% cashback on all other spend. With no annual fees for life and 3X complimentary access to airport lounges around the world, this card offers unparalleled benefits for frequent travelers. Other perks include exclusive dining and shopping privileges, and free travel insurance coverage.
Welcome gift: Receive up to S$100 Cash via PayNow (New-to-bank) or S$50 Cash (Existing)
The CIMB Visa Signature Card is designed for customers who love to shop, dine, and travel. With attractive 10% cashback on Online Shopping, Groceries, Beauty & Wellness, Pet Shops & Veterinary Services and Cruises, this card makes it easy to earn cashbacks The card also offers exclusive dining and shopping privileges, as well as travel insurance coverage for added peace of mind. Plus, with no annual fees for life, this card is a great choice for anyone looking for a reliable and rewarding credit card.
Welcome gift: Receive up to S$100 Cash via PayNow (New-to-bank) or S$50 Cash (Existing)
The CIMB World Mastercard™ is a premium card that offers a host of exclusive privileges, including the highest unlimited cashback in Singapore of 2%^ on Dining, Online Food Delivery, Movies, Digital Entertainment, Taxi Rides, Ride-Hailing, Automobile & Luxury Goods! The CIMB World Mastercard also offers cardholders 50% off green fees at 42 prestigious golf courses across the region, making it an excellent choice for avid golfers. With no annual fees for life and generous cashback and rewards programs, this card is a great choice for anyone looking for a rewarding credit card. Customers can also enjoy exclusive dining and shopping privileges, as well as travel insurance coverage for added peace of mind.
Welcome gift: Receive up to S$100 Cash via PayNow (New-to-bank) or S$50 Cash (Existing)
The Maybank Family & Friends Card offers the ultimate freedom of choice, tailored just #ForYou. With this card, you have the flexibility to pick and choose cashback categories that align perfectly with your lifestyle, all while relishing an impressive 8% cashback rate – one of the most competitive in town! This versatile card allows you to earn 8% cashback not only in your local area but globally as well, encompassing your five preferred cashback categories from a diverse list of ten options. These categories span the spectrum, from Groceries and Dining & Food Delivery to Transport, Data Communication & Online TV Streaming, Retail & Pets, Online Fashion, Entertainment, Pharmacy, Sports & Sports Apparels, and Beauty & Wellness, making it an ideal choice for those who value personalization and rewards tailored to their individual preferences.
Welcome gift: Receive S$50 Cash via PayNow. (Reward stackable when you apply for multiple Maybank Credit Cards!)
The Maybank Platinum Visa Card is your ultimate lifestyle companion, offering a seamless way to earn cashback on both local and foreign currency expenditures. With up to 3.33% cashback on all your spending, it’s a hassle-free way to save while you spend. The card’s simplicity is further accentuated by a straightforward cashback scheme – just ensure you spend a minimum of S$300 every month for each quarter, and you can enjoy cashback rewards of up to S$200. Beyond cashback, the card also delivers exceptional value at the pump with an impressive 20.05% fuel discount at Caltex stations when you link your Diamond Sky Fuel Card to your Maybank Platinum Visa Card. With its dual focus on cashback and fuel savings, this card is designed to make your spending more rewarding and efficient.
Welcome gift: Receive S$50 Cash via PayNow. (Reward stackable when you apply for multiple Maybank Credit Cards!)
The Maybank FC Barcelona Visa Signature Card is a true delight for football enthusiasts and savvy shoppers alike. With an impressive 1.6% unlimited cashback on all purchases within Singapore, it eliminates the need for minimum spending requirements, making it a practical choice for everyday expenses. The card also packs a punch when it comes to international spending, offering 2X TREATS Points for every S$5 spent in foreign currencies. What sets this card apart, besides its financial perks, is the exciting opportunity it presents – cardholders have a chance to win a trip for two to witness FC Barcelona LIVE every football season, an experience that’s sure to be cherished by any football fan. Additionally, the card grants a generous 5% discount at the FCBotiga official store in Camp Nou, making it a valuable asset for supporters of the club. Whether you’re a football fanatic or just looking for a rewarding credit card, the Maybank FC Barcelona Visa Signature Card has something special to offer.
Welcome gift: Receive S$50 Cash via PayNow. (Reward stackable when you apply for multiple Maybank Credit Cards!)
The Maybank World MasterCard is the epitome of sophistication, catering to those who appreciate a luxurious lifestyle. This elite card not only allows you to play golf and travel in style but also supercharges your journey by helping you earn air miles up to 10 times faster with each purchase. By offering an impressive 10X TREATS Points, equivalent to 4 air miles, at selected merchants, it transforms your everyday spending into a means to elevate your travel experiences. Whether you’re a frequent flyer or simply seeking the finer things in life, the Maybank World MasterCard paves the way for a world of exclusive benefits and privileges.
Welcome gift: Receive S$50 Cash via PayNow. (Reward stackable when you apply for multiple Maybank Credit Cards!)
The Maybank Manchester United Platinum Visa Credit Card is a dream come true for passionate Manchester United fans, offering a unique way to share in the club’s victories. With this card, you can revel in up to 3% cashback and 5X TREATS Points on all transactions when Manchester United secures a Premier League win, making every win a double victory for you. As a dedicated fan, you’ll also have the opportunity to win a trip for two to witness Manchester United LIVE, turning your devotion into an unforgettable experience. This card not only unites you with fellow fans but also provides practical benefits, such as 1% unlimited cashback, no minimum spending requirements, and no cashback cap. It’s the perfect card for true enthusiasts, offering exclusive privileges and rewards that align perfectly with your passion for the club.
Welcome gift: Receive S$50 Cash via PayNow. (Reward stackable when you apply for multiple Maybank Credit Cards!)
The Maybank Horizon Visa Signature Card is the ultimate companion for those with a passion for travel and dining. With this card, your dreams of exploring far-flung destinations become a reality as it offers up to 3.2 Air Miles on dining, transportation, and more, making it one of the top choices for air miles and dining enthusiasts. The rewards are remarkably straightforward – you can earn up to 3.2 air miles (equivalent to 8X TREATS Points) or 2 air miles (5X TREATS Points) with a minimum monthly spending of just $300 on your Maybank Horizon Visa Signature Card. With these exceptional benefits, you’ll find yourself jetting off to your dream destinations faster than ever before, while savoring delectable dining experiences along the way.
Welcome gift: Receive S$50 Cash via PayNow. (Reward stackable when you apply for multiple Maybank Credit Cards!)
Requirements: –
How to redeem your rewards:
Search for any of the cards that matches your spending habits
Click on Apply Now and Enter your email address on the new page (SingSaver will be sending the redemption instructions here. Check SPAM folder if you don’t receive any emails)
Click Apply via SingSaver’s unique link
Complete the application form from the bank and remember to take a screenshot upon completion so you can take note of the application reference number (ARN). Here’s where to find it.
Submit your Rewards Redemption Form and Choose your preferred rewards and submit the form.
Important: If you did not received the Rewards Redemption Form, please check your SPAM folder in your email OR drop and email to [email protected] with your application details.
Once you fulfill all the requirements (i.e. meeting the $500 mininum spend in 30 days from card approval), please allow some time for SingSaver and the bank to validate. Click here to understand more about the process.
You can click here to check the rewards redemption status.
For redemption follow-ups and enquiries, drop an email with your details to [email protected]
This promotion is not affiliated, associated, authorized, endorsed by, or in any way officially connected with Apple, Dyson or any of its subsidiaries or its affiliates. The names Apple, Dyson as well as related names are registered trademarks of their respective owners.
Browsed any online store recently? You’ve probably encountered the enticing “Buy Now, Pay Later” (BNPL) option. With the promise of splitting payments over weeks or months without interest or hefty fees, it seems like a dream come true. For many, it has been. Yet, as it becomes a tool for essentials like groceries, it’s worth pausing to consider: is BNPL as great as it seems?
#1: BUYER’S REMORSE HITS TOO LATE
Remember the days of saving for that dream pair of sneaks, making payments, and only taking them home after they were fully yours? BNPL flips this script. You get your purchase instantly, and with the click of a button, you’re locked into a commitment before common sense kicks in.
If regret creeps in later, BNPL doesn’t care. Essentially, you’ve handed over control of your wallet.
#2: RISKY CONNECTION TO YOUR CARDS
BNPL payments are often tied directly to your debit or credit card. Miss a payment due to insufficient funds? Expect a late fee. Fail to pay off your credit card balance on time? That BNPL purchase suddenly carries a hefty interest charge. What starts as a seemingly free loan could snowball into a mess of late fees and mounting credit card debt.
#3: IMPULSE SPENDING MADE EASY
Saving up for a purchase gives you time to evaluate if it’s truly necessary. BNPL removes that waiting period, nudging you to click buy without hesitation. So, if you’re going to use BNPL, be intentional. A new wardrobe for a job might be justifiable. A shopping spree because it’s interest-free? Not so much.
Image Credits: unsplash.com
#4: HAVING A MINDSET OF “ZERO” INTEREST
While many BNPL services advertise zero-interest payments, not all plans are created equal. Larger purchases, like appliances or electronics, may come with longer terms and interest. Sometimes, the interest rates are even higher than what your credit card might charge.
The trouble? It’s all too easy to click “BNPL” without fully reading the terms. Once the purchase is processed, undoing it can be a challenge.
#5: TRAPPED BY HIDDEN PSYCHOLOGY TRICKS
One of BNPL’s sneakiest pitfalls is how it breaks down costs. A purchase of S$80 might feel like a mere S$20 every fortnight. While this makes items feel more affordable, it also detaches you from the full cost. Couple this with a lack of financial education and relentless advertising, and many see BNPL as a way to manage money. The result? Early reliance on debt and a lifetime habit of paying things off in chunks rather than saving.
Image Credits: unsplash.com
IN A NUTSHELL
Don’t buy it if you cannot afford it. If you’re tempted, ask yourself: Do I truly need this? Can I pay for it outright?
Financial freedom isn’t about splitting payments or juggling debts. It’s about saving and spending within your means. BNPL may be a tool, but it’s not a safety net. In the end, whatever you’re buying will feel far better when they’re truly yours.
Apply Now
Apply Now
Apply Now
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