Best credit card promotions in Singapore (February 2025): Citibank, DBS, HSBC, UOB, and more

This February, sign up for a credit card and you could walk away with an all-new Porsche Taycan or a trip for two to the Star Wars Celebration in Japan!

Not to mention welcome gifts like 5,040 SmartPoints worth an Apple iPad Wi-Fi, 9th Generation (worth $479), a Samsonite Choca Spinner 68/25 (worth $700), and a generous 60,000 miles.

Clearly, we're spoilt for choice-banks offering credit cards in Singapore are competing so hard for new customers that they are practically raining Apple products, Nintendo Switches, ergonomic chairs, and other freebies on us.

Even if you don't see any item you want, some welcome gifts are just straight up cold, hard cash!

An overview: Best credit card promotions in Singapore (Feb 2025)

✦ Win a Porsche Taycan Base — with Standard Chartered credit cards

From now to Feb 28, 2025, apply for Standard Chartered credit cards and stand to win a Porsche Taycan Base (model year 2025) in the SC Million Reasons to be Happier lucky draw!

• Earn two chances when your new SC credit card is approved
• Earn one chance for every $50 credit card spend

1. Citibank credit card promotion

Looking to sign up for a new Citibank credit card? Well, you're in luck! Citibank credit card welcome gifts are looking very attractive right now with gifts like $370 Cash or 5,040 SmartPoints for the taking. With 5,040 SmartPoints, you can redeem awesome gifts from our Rewards Store, including:

• Apple iPad Wi-Fi, 9th Generation, 64GB Space Grey, (worth $479) — 5,040 SmartPoints
• Apple Watch SE, 40mm, GPS, (worth $383) — 4,070 Points

• Apple AirPods Pro, 2nd Gen (worth $363) — 4,030 Points

Among the Citi credit cards on promotion, our top pick is the Citi PremierMiles Card which lets you earn Citi Miles that never expire.

If you prefer a no-fuss cashback card, the Citi Cash Back+ Mastercard, an unlimited cashback card with no monthly minimum spend.

Here's a summary of all the Citibank credit cards with ongoing promotions:

2. Standard Chartered credit card promotions

This month, selected Standard Chartered credit cards on promotion will give you the chance to drive off with a brand new car — a Porsche Taycan Base (2025) in the SC Million Reasons to be Happier Lucky Draw!

Giveaway aside, the Standard Chartered credit card promotions ongoing this month come with very enticing welcome gifts too. It’s hard to pick the best, but the unlimited cashback Standard Chartered Simply Cash Credit Card promotion comes up top in terms of cash value.

This month, you can also get $230 cash via PayNow or 2,990 SmartPoints when you apply for the Standard Chartered Smart Credit Card or Standard Chartered Rewards+ Credit Card.

Here's a summary of all Standard Chartered credit card promotions this month:

The other Standard Chartered credit cards don’t have ongoing sign-up promotions this month.

3. CIMB credit card promotion

There are three credit cards with an ongoing promotion to get $188 cashback for those new to CIMB credit cards.

The most accessible CIMB credit card is the CIMB World Mastercard, which has a $0 minimum spend per month. Note, however, that you’ll need to hit $1,000 spend a month to enjoy the card’s higher 2% unlimited cashback rate.

Here are all the CIMB credit card promotions:

4. UOB credit card promotions

This month, apply for selected UOB credit cards and you'll enjoy welcome gifts like:

• Apple Watch SE 40mm (GPS) (worth $349)
• Apple AirPods 4 Noise Cancellation (worth $249)
• Up to 58,000 miles

I want to give a shout out to the UOB PRVI Miles Card — did you know it has the highest base miles earn rate for general spending among other entry-level miles cards in Singapore? I recently reviewed it in comparison with the Krisflyer UOB Credit Card, and it’s my clear pick between the two.

Here's a summary of all ongoing UOB credit card welcome promotions this month:

At the time of writing, the UOB EVOL Credit Card, UOB Absolute Cashback Card, UOB Lady’s Card, UOB Preferred Platinum Visa Card, and UOB Visa Infinite Metal Card have no ongoing promotions.

5. AMEX credit card promotions

This month, the juiciest Amex welcome promotion is the $800 Statement Credits and Samsonite Choca Spinner 68/25 (worth $700) you’ll earn with the American Express The Platinum Card.

You'll need to spend $8,000 within the first six months from card approval, which will also earn you 10,000 Membership Rewards® points.

Here are all the American Express credit card promotions this month:

This month, the American Express True Cashback Card and American Express CapitaCard do not have any ongoing promotions.

6. DBS credit card promotions

The juiciest DBS credit card sign-up promotions this month are a $150 cashback promotion and a 60,000 miles promotion. The former applies to the DBS Live Fresh Card and DBS yuu Card: 

The DBS Vantage Visa Infinite Card comes with a fat miles welcome gift this month, but do note that this is not an entry-level miles card:

Here's the full list of ongoing DBS credit card promotions:

These other DBS credit cards do not have ongoing sign-up promotions:

• DBS Esso Card
• SAFRA DBS Card
• DBS Live Fresh Student Card
• DBS Woman’s Card
• DBS Woman’s World Card

A word on the DBS Woman's and Woman’s World Card: Don't be fooled by the name. You can apply for these cards no matter your gender.

7. POSB credit card promotion

The POSB Everyday Card is a straightforward cash rebates card with (strictly speaking) no minimum spend; certain bonus reward categories require you to spend above $800/month.

As the name suggests, you can apply for the POSB Everyday Card to make the most out of your day-to-day spending. The latest POSB Everyday Card promotion is as fuss-free as the card — $300 cashback when you apply and spend $800 within 60 days.

8. Maybank credit card promotions

This month, Maybank credit cards are offering $200 cashback or a Samsonite ENOW SPINNER 69/25 Luggage (worth $570) as a welcome gift when you apply for a new Maybank credit card and a CreditAble account, then spend a minimum of $600 each month for the first two consecutive months.

My top pick is the Maybank Family & Friends Card, a cashback card that offers up to 8% cashback on 5 cashback categories of your choice, plus up to 8% cashback on Malaysian Ringgit and Indonesia Rupiah spend. 

Here's a summary of the welcome gifts each Maybank credit card is offering this month.

9. OCBC credit card promotions

Calling all Star Wars fans — you can now apply for OCBC credit cards and stand a chance to win a trip for two to the Star Wars Celebration in Japan! That’s on top of your welcome gifts.

Enticed? Awesome. Don't know which card to choose? We got you. For the foodies, the OCBC 365 Credit Card earns you 5% cashback on everyday dining with a minimum monthly spend of $800.

For a card that earns rebates you on a wider range of spend categories, consider the OCBC Rewards Credit Card for up to 4 miles per dollar at selected retailers. Psst, this card is also a good choice to pair with the Amaze Card!

Credit card promotions - is there a catch?

With free AirPods Pro, ergonomic standing desks and thousands of miles raining down on us, you might be wondering: Is there a catch to all these freebies?

Truth is, there is one drawback to signing up for credit card promotions: You won't be eligible for more freebies in the future. Well, at least for a year. Here's how it works:

Banks and comparison sites like MoneySmart usually offer the best giveaways for new sign ups. Usually this is defined as people who either:

• Have never ever owned a credit card from that bank, OR
• Cancelled their card at least 12 months ago

If you’re thinking of gaming the system by cancelling your card and re-applying, tough luck!

Another thing to note is that you must hit the minimum spend to get your reward. If you’re really lucky, you’ll get your shiny new iPad or cashback immediately upon card approval.

However, most banks require you to spend a minimum sum (say, $1,000 in the first month) and sometimes even fork out the first year’s annual credit card fee (goodbye, fee waiver!). After all that, banks will make you wait a few months before you can even smell the freebie.

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This article was first published in MoneySmart.