What is the best credit card to use for wedding banquet? - Seedly
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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 Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Updated on 09 Sep 2019

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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👍 1
Anthony Ong
Anthony Ong
Level 4. Prodigy
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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SW
Shaun WQ Lim
Level 7. Grand Master
Answered on 09 Dec 2019

You may want to consider if the Amex Platinum card is worth it? 75000 MR points with $20k spend in first 3 months. Plus member get member promo with 40000 MR points with $5k spend in first 3 months. MR can be transferred to frequent flyer programs.

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Choon Yuan Chan
Choon Yuan Chan
Level 9. God of Wisdom
Updated on 24 Dec 2019

Credit cards with no maximum cap on their spending is one of the best in my view. Some examples are the American Express Ascend card or AMEX platnium cards. However their miles per dollar earn rate is lower than those speciliased miles credit card

-

From what i have read through the many answers in this forum. It is possible to stagger the wedding payments by paying a monthly bill a few times before the wedding. It allows you to accumulate on miles card which has monthly expenditure monthly cap but a higher rate of miles per dollarearn rate. However the risk you carry is that the hotel will not pay you back what you prepay in the unfortunate event your wedding does not happen​​​

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👍 6
Isabella Jo
Isabella Jo
Level 5. Genius
Answered on 14 Aug 2018

How about American Express True Cashback card?

It has Welcome offer: Enjoy 3% cash back on up to total of S$5,000 spend for first 6 months.

If you and wife both apply for individual card, it means up to S$10k spend with 3% cashback.

Applying via singsaver also gives you S$150 cash rewards. (Disclaimer: We are in the process of applying and have yet to receive this cash rewards)

https://www.singsaver.com.sg/credit-card/best-deals/results

Of course with Amex not widely accepted, you may want to check with your banquet venue whether they accept Amex prior to applying the card.

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Brandan Chen
Brandan Chen, Financial Planner at Manulife Singapore
Level 7. Grand Master
Answered on 11 Aug 2018

For cashback, maybe u can check out SCB, look out for roadshows, they may be able to provide you with a lower annual income limit.

For miles, check out Citi Premier Miles, min 30k Salary, and the miles do not expire

And yes, you can swipe as many cards as you want. Do take advantage of the welcome promos for both credit cards so that you maximise the benefit.

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Albert Millardo
Albert Millardo
Level 3. Wonderkid
Answered on 05 Sep 2018

My card strategy for my wedding payment:

  1. UOB One Card

Ask if your wedding venue (most hotels should be okay), if they allow you to pay monthly up to your wedding day. If yes, then you can maximize by charging the card $2k for every month and that will give you 5% rebate.

Note: UOB One Card requires 5 transactions per month to qualify for the rebate (just simply buy water at NTUC also can :p) AND please check your statement quarter as the rebate is calculated per quarter basis and missing one of the month in the quarter will disqualify the rebate.

  1. DBS Debit Visa Paywave / Contactless (Beep Beep Kaching promo)

This is good for small items that you might need for your wedding as this debit card can give you 10% rebate (promo til end of September) or 5% (normal rebate).

Note: Minimum spending of $400 and maximum $50 rebate. Only transactions below $200 will be considered for the cash rebate, so if the amount is more than $200, ask the merchant if can split into several transactions. I've tried with my bridal studio and managed to split into 6-7 transactions for $2k bill so I can maximise both me and my fiance rebates :)

  1. Amex True Cashback

For everything else. New sign up will give you 3% rebate for the first 6months with maximum of $5k. So you can utilize this til you hit $5k.

After 6 months or beyond $5k will only earn you 1.5%.

  1. HSBC Advance Card

For everything else. Spending above $2k will give you 2.5% which is 1% higher than Amex True normal rebate or StandChart Unlimited.

The cashback is capped with total spending of $2800 though. So do not spend more than that, unless you have an Advance banking relationship with them. Then it's different story.

  1. SC Unlimited Card

For everything else after you hit all the above. This card will give you 1.5% rebate, similar to Amex True Cashback. However not all merchants accept Amex. So it's good to have this just in case. No cap on the cash rebate.

  1. SC Manhattan Card

This card is actually discontinued. However if you have this card then you can use this as it will give 3% cash rebate per quarter. I forgot the mechanics to maximise it so please check it online!

Extra tips:

Sign up credit cards from third party site such as: SingSaver, BankBazaar, MoneySmart, Finty, GoBear. All these sites will normally give you extra perks such as cash gift / capita vouchers / ntuc vouchers etc on top of the welcome gift from the bank by signing up through them.

Compare the gifts given for each site and decide :).

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👍 2
Bjorn Ng
Bjorn Ng
Level 9. God of Wisdom
Answered on 22 Dec 2019

Hey there! For miles it's best if you time it together with sign up bonus. I think SCB X card gives the best one so far - $6K spend and annual fee for 60K miles!

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Deanna Lim
Deanna Lim
Level 2. Rookie
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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Jacob
Jacob
Level 6. Master
Answered on 22 Dec 2019

Congrats on your upcoming wedding! The best way is undoubtedly through capitalising on all the sign-up bonuses, depending on the expenses you have and how many of the criteria you can hit.

Do time the application of your cards with the various playments you foresee, that allows you to meet the various criteria to enjoy the various sign-up bonuses. Do also stay up to date with all the sign-up bonus that are on offer, especially to new-to-bank customers. You can keep track of them either via:

  • SingSaver or MoneySmart. They regularly share sign-up bonus from the various banks, say $250 for signing up for a Citibank card as a new-to-bank customer.

  • Milelion Roar telegram broadcast channel (https://t.me/milelionroars). They post all (I think?) promotions almost in real time, as well as compile a Weekly Deal Summary to ensure you do not miss out on any promotion. Best of all, it is a channel so no spams! Only the best stuff shared there.

It is always a good idea not to overspend more than your budget. As much as it is a once-in-a-lifetime moment that you wish to create priceless memories, these will only be the first stage of your married life with a long runway that stretches all the way till you and your partner age together with grey hair (as distant as it sounds). But I am sure money can be better spent elsewhere - stick to your budget and what you initially planned for your wedding.

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Kenneth Fong
Kenneth Fong
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.
Hwee Kian
Hwee Kian
Level 7. Grand Master
Answered on 24 Dec 2019

I think there are 2 ways that you can explore earning miles -

  1. Sign up for new cards where the banks usually offer sign up mile bonuses

  2. Pay for your wedding bills in advance, i.e. advance payments, most hotels would accept such arrangement - this will allow you to maximize the benefits of what you could earn either miles or cashback.

Never go all out, while it seems like wedding is an event for the 2 of you, in actual fact it's an event for the rest of them, your invitees. Don't leverage/borrow/get loan just for your wedding. The day after your wedding - everything becomes a norm. :)

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Cedric Jamie Soh
Cedric Jamie Soh, Director at Seniorcare.com.sg
Level 9. God of Wisdom
Answered on 24 Dec 2019

Go for cards with sign up bonus. Because you are going to have a few large bill, a sign up bonus for new cards can be easily achieved.

Go for the milelion sign up bonus guides and the latest sign up bonus for credit cards. SCB has a good one recently!

https://milelion.com/credit-cards/current-credit-card-signup-bonuses/

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You may consider to sign up for a new miles credit card and take advantage of the sign-up promotions - they usually give the best rate of miles per dollar, e.g. Citi PremierMiles, DBS Altitude.

Here is everything about me and what I do best.

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Yanisa Koh
Yanisa Koh
Level 6. Master
Answered on 23 Dec 2019

Hello!

I really don't encourage going all out on the wedding. Of course it's a once in a lifetime event, but the marriage and the rest of your lives are the most important thing. You don't want to start your marriage broke and in debt. If you had a budget set out at the start, try your best to stick to it, and don't go more than 20% above it. Most people will forget about the weddings they attended anyway. Just pick some things that are the greatest priority for you and your spouse and focus on those.

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Hi anon,

If Citibank extends the sign up offer for their premier miles card, (40K miles for $9K spending), then this would be the card to use (each one of you applies for one). That's 80K miles with $18K spend. The last $7K can be placed on the Amex KF card (the one with $30K spend requirement)

Amex Platinum Charge doesn't make much sense unless you can hit the income requirement to apply for the card ($200K/yr).

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Nurul Afiqah Binti Laili
Nurul Afiqah Binti Laili
Level 2. Rookie
Updated on 11 Sep 2019

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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Angeline Teo
Angeline Teo, Calculator at The Internet
Level 6. Master
Answered on 21 Dec 2019

Big transaction - u can do advance payment to the hotel so u can have the large spending separated into periods, to maximise the miles available to be earned.

u can go mile lion to find new sign up bonus to sign and spend on the wedding so that you hit the big sign up bonus

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VC
Vicki Chng
Level 6. Master
Answered on 24 Dec 2019

As a recently graduated bride, I hope my answers can help you. Firstly, list down everything that you an possibly have. Then sort them into needs and wants. Focus on the needs, and if you have left over funds that you'll like to spend, look at your wants. Also set a budget to make sure you don't overspend. You don't want to overspend now and face difficulty paying it later cos you'll not necessarily make back the amount you spent via angbaos

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