facebookWhich credit card should I get as fresh grad? Plan to get only 1 card as the yearly fees for multiple cards will be too much, unless there's a good reason to get a combination to get the most benefit - Seedly

Anonymous

27 Jul 2021

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Which credit card should I get as fresh grad? Plan to get only 1 card as the yearly fees for multiple cards will be too much, unless there's a good reason to get a combination to get the most benefit

I'm currently eyeing DBS Altitude to collect miles, but I'm open to any cards.

My monthly spending is mainly utilities/telco bills (~$400), HDB loans (~$500), MRT (~$100), food (in cash), investments (manual transfer of $1,000 into IBKR) and planning to go for langauge/ music classes starting end of the year (~$300 a month).

Which card or combination of cards would work best?

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Pang Zhe Liang

27 Jul 2021

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

It depends on the types of reward that you are going for - e.g. miles, cashback, or reward points. If it is for general usage, then DBS Altitude or Citi PremierMiles is a considerable option - I prefer the latter as you accumulate miles per dollar while DBS Altitude counts in stacks of $5.

If you want something that is more dynamic, then you may consider HSBC Revolution - ability to accumulate reward points to exchange for cashback or miles.

You may check out my updated credit card arsenal for some inspiration: https://www.blog.pzl.sg/which-credit-cards-do-i...

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