What is the best credit card to use for wedding banquet? - Seedly

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Asked by Anonymous

Asked on 08 Jul 2018

What is the best credit card to use for wedding banquet?

Asking on behalf of my brother, who is looking to book a wedding banquet

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Kenneth Fong
Kenneth Fong
Top Contributor

Top Contributor (May)

Level 5. Genius
Updated on 07 Jun 2019

A bit late to the game, but for anyone else looking for the best credit card when paying for a wedding banquet, you have a couple of options.

First, ask if you can spread the credit card payment for your wedding expense over a few months. If you can, then:

1) For cashback/ rebates - UOB One Card

Gives you up to 5% rebate on $2000 per month spent (min 5 purchases) but take note that you have to make payments for 3 months (based on qualifying quarters).

If you need to make a lump sum payment eg. a huge deposit on your wedding banquet then:

1) For cashback/rebates - AMEX True Cashback Card

You get 1.5% cashback on ALL purchases. Plus they usually have a welcome bonus of eg. 3% Cashback on up to a total of $5,000 spend in your first 6 months.

2) For miles - Citi Premier Miles Visa Card

A new signup usually gives something like 30,000 miles if you fulfil a minimum spend ($7,500) within 3 months from date of card approval. I personally used this to finance our tickets for our honeymoon.

Here's a good comparison done by Seedly: Save Money On Your Wedding Banquet: Credit Cards You Should be Using!

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Guo Hao Teo
Guo Hao Teo

19 Mar 2019

Thanks, can i ask how should i negotiate to split my payments to the banquet provider? If you have any experience with that.
Albert Millardo
Albert Millardo

()

Level 3. Wonderkid
Answered on 08 Jul 2018

If you can spread the payments for a few months, then go for UOB One and pay $2k monthly. That will give you a 5% rebate. Do take note their rebate is quarterly (every 3 months) and if you miss one month then you will not get any rebate.

To complement that card, go for SC Manhattan if you have the card. That will give you 3% rebate. There is a min spending to get that 3% but I cant remember. And the card is actually no longer offered the last time I call StandChart.

Next best will be Amex True Cashback if you do not havr the card yet as they will have a 3% rebate promo cashback for 6months when you sign up. But maximum of $5k spending.

Then after that will be HSBC Advance which will give 2.5% for min spending of $2k. But it has maximum cashback of $70 (so spending max $2.8k).

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Nurul Afiqah Binti Laili
Nurul Afiqah Binti Laili

()

Level 1. Freshie
Updated 1w ago

Might not be directly related to the question at hand and definitely a bit more than late entering the discussion, but if you're ever looking for budget-friendly wedding gifts, door gifts, etc., you can perhaps check out Printcious SG.

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Kenneth Lou
Kenneth Lou, Co-founder at Seedly

()

Level 8. Wizard
Updated 2w ago

I can finally answer this answer which I most heavily researched recently! TL;DR: Leverage Credit Card Sign Up bonus miles and break down your spending

  • Always start with the end destination in mind (eg. SG – NZ)
  • Find out how much miles are needed for this route
  • Find out how much you need to spend to accumulate those miles
  • Breakdown your spending into tranches to hit the bonus miles spend
  • Stick to your spending plan and react when NEW bonuses come up

I wrote a super detailed article which you can FIND HERE.

Here are the best cards available right now for Miles cards:

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Deanna Lim
Deanna Lim

()

Level 1. Freshie
Answered on 18 Jul 2018

I think it's good to find out what's the miles and cashback cap.

I used two credit cards for my wedding banquet - told the sales rep to split the bill (hahaa!)

Am personally a miles person, but for such big ticket item - you can use Citi Premier Miles and AMEX True cashback card.

Here's a good comparison done by Moneysmart - https://www.moneysmart.sg/credit-cards/cash-back and https://www.moneysmart.sg/credit-cards/air-miles

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Brandan Chen
Brandan Chen

()

Level 5. Genius
Answered on 12 Jul 2018

Or if you are a fan of cashback. Sign up for SCB Cashback and Amex Cashback and leverage on the welcome bonus

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Anthony Ong
Anthony Ong

()

Level 3. Wonderkid
Answered on 08 Jul 2018

To add on the Albert's answer, if you want miles, you can also consider using the Krisflyer ascent (promo for new sign ups and above $10k spend), or the Citibank rewards , prestige (if the venue accepts apple pay, for 8mpd).

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