Sign Up Bonus & Promotions for Credit Cards in Singapore 2025

What Are Credit Card Sign-up Promotions in Singapore?

Credit card sign-up promotions are incentives offered by banks to entice new applications for their credit cards. Banks offer a wide range of attractive rewards, such as freebies, cashback, reward points, air miles, vouchers and more. Credit card sign-up promotions change frequently and offers also differ between banks, so it is important to check for the latest promotions and its terms and conditions.

Types of Credit Card Sign-up Promotions in Singapore

There are several different types of credit card sign-up promotions offered in Singapore. Here are some of the most common ones available in Singapore:

Welcome Gifts

Banks commonly offer welcome gifts in the form of electronic gadgets such as phones, electronic accessories, gaming consoles, and latest home appliances. Other common welcome gifts may also include luggages or shopping vouchers.

Promotional Cashbacks Offers

Some banks may also entice new sign-ups through offering a higher promotional cashback rate than what you will normally earn. This can be a fixed amount or a percentage of your total spending, depending on the terms and condition of the ongoing promotion.

Reward Points

Reward points may also be offered as a bonus for new credit card sign-ups. Banks may offer a one-time off reward points where you can redeem them for other types of rewards, such as vouchers, privileges, air miles, or cashback.

Air Miles

Credit cards that are co-branded with airlines may offer attractive a one-time amount of air miles as a sign-up bonus gift. Depending on the offer, you may be able to use the offered air miles to redeem flights or other travel-related perks.

Dining and Entertainment privileges

Some banks offer dining and entertainment privileges when you apply for a new card. Such credit card sign-up promotions may include discounts, vouchers, or exclusive access at selected restaurants, bars, and cinemas.

Bonus Insurance Coverage

While not the most common in Singapore, some banks may also offer complimentary insurance coverage. These may include travel, health, or purchase protection insurance, on top of any existing sign-up offers when you apply for a new card with them.

Eligibility Criteria for Credit Card Sign-up Promotions in Singapore

To enjoy your credit card sign-up promotion gifts, banks typically require you to meet certain criteria. Here are some common requirements to fulfil before you can qualify for your credit card welcome gift:

Be a New Cardmember

Credit card sign-up promotions are typically only available to new cardmembers and applicants who have not held the credit card previously, unless otherwise stated.

Hit the Minimum Spend Requirement

All, if not most, credit card sign-up promotions require a minimum spend criteria. This criteria will require you to spend a cerain amount of money on your new credit card within a stipulated time period in order for you to qualify and enjoy the welcome promotion.

Apply Before the Application Deadline

Importantly, do take note of the credit card sign-up promotion period and submit your application before this date to be eligible for the promotion.

Get Your Card Approved and Activated

Your new credit card application will also need to be approved and activated within a specific time period in order to qualify for the sign-up promotion.

Read the Terms and Conditions

Each credit card sign-up promotion offer will differ in the terms and conditions you will need to fulfil in order to qualify for the welcome gift. Some banks may include exclusions, such as a limit to the number of sign-up promotions you can receive or the merchant categories you can spend on to fulfil the minimum spend requirement.

What Credit Card Sign-up Promotions is The Best in Singapore?

There isn't one best type of credit card sign-up promotion offer or welcome gift, since this is largely dependent on your personal spending habits and financial goals. While there are some promotions and welcome offers that are more popular than others, the best sign-up promotion will be one that is already a good fit with your lifestyle and spending. Here are some of the common and popular credit card sign-up promotions that banks offer:

• Cashback: Many credit card offers attractive cashback rates for a limited time period as part of their credit card sign-up promotion. If your spending categories match that of a credit card offering a higher promotional cashback rate, you may be able to further maximise your savings.
• Welcome gifts: Banks now offer generous welcome gifts such as electronics and the latest household appliances to entice new sign-ups. These welcome gifts often accompany new sign-ups for free, where you will often need to spend a lot more to purchase these items otherwise.
• Air miles: Some credit cards offer air miles as part of the credit card sign-up promotion. If you are a frequent traveller or are already an avid miles chaser, getting an air miles bump for a credit card that suits your lifestyle may help you reach your travel and savings goals faster.
• Rewards points: Banks may offer new applicants with rewards points that you can redeem for attractive discounts, gifts, and vouchers at selected merchants. If a credit card offers these perks at merchants you frequent, you may benefit from extra savings on your next purchase at these merchants.

Are There Any Fees Associated With Credit Card Sign-up Promotions?

While credit card sign-up promotions in Singapore can be an attractive way to earn bonus rewards and benefits, it is crucial to still be aware of any fees and charges associated with the promotion offered or credit card. Here are some common fees you should take note of that could be associated with the credit card sign-up promotion:

Check Annual Fees & Annual Fee Waivers

Most credit cards have an annual fee which are charged annually. As part of their credit card sign-up promotion, some credit card issuers may waive the annual fee for the first year. However, you may be required to pay the annual fee subsequently if you decide to continue holding the credit card.

Balance Transfer Fee

Some credit cards may offer sign-up promotions for balance transfers, which allows you to transfer any balance you hold from other credit cards to your new card. Do take note that there may be fees such as interest charges or balance transfer fees associated with this.

Late Payment Fee

Beyond the credit card sign-up promotions, most credit card may still charge you a late payment fee if you do not make timely credit card payments. This fee may also result interest charges and can be costly.

Cash Advance Fee

You may still be charged a cash advance fee if you withdraw cash using a credit card you applied for during a credit card promotional period. Cash advance fee is typically charged as a percentage of the amount withdrawn, and can be higher than the interest rate charged on your purchases.

Foreign Transaction Fee

Lastly, foreign transaction fees may still apply when you use your new credit card to purchase items in a foreign currency. If you travel frequently, this fee can add up quickly since it is usually charged as a percentage of the purchase amount.

How Should I Compare Credit Card Sign-up Promotions in Singapore?

Finding the best credit card sign-up promotions can feel daunting, especially with so many attraction options to choose from. To help you decide on the best credit card and sign-up promotions for your needs, we have listed some consideration factors to help you get started:

Determine Your Spending Habits & Lifestyle Needs

Before you start comparing between credit cards and their sign-up bonuses, it is important to first determine your needs. Consider your spending habits, financial goals, and reward type that will be most useful for you, such as cashback, dining discounts, or air miles.

Research Ongoing Credit Card Sign-up Promotions 

Once you have identified your needs and priorities, you can begin to research on ongoing credit card sign-up promotions available in Singapore. Use credit card comparison sites like Seedly to ease the research process or visit the websites of various credit card issuers to gather the necessary information.

Compare Sign-up Bonuses Offered 

Compare the sign-up bonuses offered by each credit card, such as the amount of rewards point or cashback rate offered. Consider the value of these offers and how accessible it is to you and whether you can easily earn them.

Check Annual Fees

An important but often forgotten step is checking the annual fees of each credit card you are considering. It may be tempting to just consider the sign-up bonuses offered. However, it is also good practice to know the cost you could potentially incur from each potential crdit card. Some credit cards offer lower or no annual fees for their first year as part of their sign-up promotions.

Consider Other Benefits

Consider other benefits and rewards besides the sign-up promotion offered. They could come in the form of additional rewards or cashback on particular categories of spending, discounts at partner merchants, or bonus insurance coverage.

Read the Terms & Conditions

Lastly, be sure to read the terms and conditions of each credit card carefully. Take time to understand them and any limitations, restrictions, or exclusions.

How Do I Apply for a Credit Card Sign-up Promotion in Singapore?

Here are a few simple steps to follow to apply for credit card sign-up welcome gifts in Singapore:

Step 1: Compare Credit Card Sign-Up Promotions

Always start by researching and comparing between the different credit cards and their sign-up offers. Shortlist cards that offer attractive sign-up promotions to you and your needs. Complete your research by visiting the offcial bank websites to verify the terms and conditions of the offer, or by using credit card comparison websites like Seedly to compare offers.

Step 2: Check Your Eligibility

Once you have identified the credit card sign-up bonus of choice, check the eligibility criteria to ensure you can comfortable fulfil them. These factors may include your age, income, credit score, and minimum spend requirement.

Step 3: Submit Your Application on Time

After confirming your eligibility, you may proceed to submit a new application for the credit card. You can typically do so online through the credit card issuer's website. Complete the application form by providing the require personal and financial information such as your name, age, income, address, and employment details.

Step 4: Prepare and Provide All Supporting Documents

Prepare and submit any supporting documents required. These may include a copy of your NRIC, passport, proof of income, or any bank or IRAS statements.

Step 5: Wait for Approval Notification

Once you have submitted your application form, all you need to do is wait for approval! Your credit card issuer will review your application and request for you to furnish any additional information or document if necessary. Your credit card will be sent to you once your application is successful and have been approved.

Step 6: Meet Minimum Spend Requirements

After receiving your credit card, you will need to fulfil the minimum spend requirement on your new credit card in order to qualify for your sign-up promotion.

Can I Combine Credit Card Sign-up Promotions With Other Discounts or Offers?

Combining credit card sign-up promotions will depend on the terms and conditions of the credit card issuer as well as of the ongoing credit card promotion. It is also dependent on the terms of the other offers you wish to combine it with. Some credit cards may restrict combining their sign-up promotions with other ongoing promotions while others may allow it. Before attempting to combine promotions and discount and to avoid disappointment, do thoroughly read and understand the terms and conditions of both the credit card sign-up promotions as well as that of the other ongoing deals and offers. It may be a good idea to clarify any doubts with your bank or merchants directly.