Best Credit Cards for High Income Earners 2024
If you're a high income earner spending S$6–8k+ per month, typical cashback cards' earning caps will restrain your potential. On the other hand, the average travel card may not provide the luxury and comfort you seek. To make things easier, our research team closely analysed 100+ credit cards in Singapore to identify the best unlimited and high-cap cashback cards, as well as miles-earning cards with the most exclusive perks.
Best Miles Credit Cards for High Income Earners
Best Unlimited Cashback Cards for High Income Earners
Best Credit Cards with Luxury Perks for High Income Earners
Best Credit Cards with Golf Privileges for High Income Earners
Best Credit Cards for High-Earning Business Travellers
- UOB PRVI Miles Amex: Fee-Waiver + 20k bonus miles, 2.4 miles per $1 overseas
- SC Visa Infinite X: Bonus S$6,000 w/ S$200k fund placement
- UOB Absolute Cashback: Unlimited 1.7% cashback on all spend
- Citi Cash Back+: Unlimited 1.6% cashback on all spend
- Amex True Cash Back: Unlimited 1.5% rebate + Amex benefits
- Maybank FC Barcelona: Highest unlimited local rebate–1.6% on all spend
- CIMB World MC: Unlimited 2% cashback on wine and dine, food delivery, entertainment, taxi & automobile, luxury goods and 50% off green fees
- OCBC 90°N: Unlimited miles and cashback
- HSBC Advance: Up to 3.5% cashback capped at S$300/month
- CIMB Visa Infinite: Unlimited 2% cashback on travel, overseas and online spend in foreign currencies
- Citi Prestige: Unlimited lounge access, bonus hotel nights & more
- Amex Platinum: Elite dining & lifestyle perks in SG
- OCBC Voyage: Flexible miles redemption, boosted rewards for overseas spend
- Maybank World: Free green fees at 100 fairways across 19 countries
- HSBC Visa Infinite: Unltd. lounge, expedited immigration clearance & more
- SC Visa Infinite: 3 miles per S$1 overseas, rewards for tax-pay
Best Miles Cards for High Income Earners
Best Unltd Cashback Cards for High Earners
Best Luxury Cards for High Earners
Best Cards with Golf Perks for High Earners
Best for High-Earning Business Travellers
Compare the Best Credit Cards for High Earners in Singapore by Dollar Value
Based on an average monthly spend of S$2,000, we analysed the msot prestigious credit cards on the market to estimate returned value-to-consumer after 2 years, accounting for rebates and netting out annual fees. As a note, dollar value is heavily dependent on spending habits; intangible benefits (like free travel insurance and airport lounge access) are valuable but difficult to quantify.
Best Miles Credit Cards for High Income Earners
If you're an affluent traveller looking to accrue miles as rapidly as possible, consider the cards below. We found that these options offer both the prestigious perks of a typical high-end credit card as well as effective value when it comes to earning miles on your spending.
UOB PRVI Miles American Express Card: Rapid Miles for High Spenders
UOB PRVI Miles Amex Card offers one of the highest rewards rates on the market, 6mi/S$1 on Agoda, Expedia and UOB Travel spend, 2.4mi/S$1 on overseas and 1.4mi/S$1 on local spend.
- Pros
- Great for rapid miles accrual
- Awards high spend on airlines & hotels
- Annual fee waiver with Amex card
- Cons
- Doesn't fit infrequent travellers with mostly local budgets
- Lacks luxury perks & privileges
UOB PRVI Miles American Express Card is the absolute best travel card on the market for affluent consumers looking to rapidly accrue miles for their spend. Cardholders earn top rates of 1.4 miles per S$1 local spend, 2.4 miles overseas, and 6 miles with hotels & airlines. These rates are on par with those of the priciest travel cards, but UOB PRVI Miles Card has a much lower annual fee, of S$256.8 (compared to S$400+).
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UOB PRVI Miles Amex Card offers one of the highest rewards rates on the market, 6mi/S$1 on Agoda, Expedia and UOB Travel spend, 2.4mi/S$1 on overseas and 1.4mi/S$1 on local spend.
- Pros
- Great for rapid miles accrual
- Awards high spend on airlines & hotels
- Annual fee waiver with Amex card
- Cons
- Doesn't fit infrequent travellers with mostly local budgets
- Lacks luxury perks & privileges
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UOB PRVI Miles American Express Card is the absolute best travel card on the market for affluent consumers looking to rapidly accrue miles for their spend. Cardholders earn top rates of 1.4 miles per S$1 local spend, 2.4 miles overseas, and 6 miles with hotels & airlines. These rates are on par with those of the priciest travel cards, but UOB PRVI Miles Card has a much lower annual fee, of S$256.8 (compared to S$400+).
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Standard Chartered Visa Infinite X: Big Upfront Bonus for the Very Affluent
Standard Chartered Visa Infinite X offers 30,000 miles as a sign-up bonus, 3mi/S$1 oversease spend and a wide variety of travel perks.
- Pros
- Earn up to 300,000 bonus welcome miles
- Earn 2 miles/S$1 spend overseas
- Special privileges with elite hotels
- Cons
- Bonus miles limited to affluent consumers
- Very high & unwaivable S$702 annual fee
- Lower rewards rates than other lux. cards
Standard Chartered Visa Infinite X Card provides the best welcome offer in the market for high income consumers. For those who can place S$300k in fresh funds in a Priority Banking Account within the 1st 3 months, this card provides a substantial 100,000 KrisFlyer miles welcome bonus, which is worth about S$10k when redeemed for business class tickets. Even wealthier consumers can earn up to 300k Krisflyer Miles by placing S$1.5m in a Priority Banking Account with Standard Chartered. Besides this welcome bonus, SC VI X Card provides a pretty standard set of rewards for high-end cards, like 1.2 miles and 2 miles earned per S$1 spent locally and overseas, 2 free lounge visits per year and discounted green fees at golf clubs in SE Asia.
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Standard Chartered Visa Infinite X offers 30,000 miles as a sign-up bonus, 3mi/S$1 oversease spend and a wide variety of travel perks.
- Pros
- Earn up to 300,000 bonus welcome miles
- Earn 2 miles/S$1 spend overseas
- Special privileges with elite hotels
- Cons
- Bonus miles limited to affluent consumers
- Very high & unwaivable S$702 annual fee
- Lower rewards rates than other lux. cards
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Standard Chartered Visa Infinite X Card provides the best welcome offer in the market for high income consumers. For those who can place S$300k in fresh funds in a Priority Banking Account within the 1st 3 months, this card provides a substantial 100,000 KrisFlyer miles welcome bonus, which is worth about S$10k when redeemed for business class tickets. Even wealthier consumers can earn up to 300k Krisflyer Miles by placing S$1.5m in a Priority Banking Account with Standard Chartered. Besides this welcome bonus, SC VI X Card provides a pretty standard set of rewards for high-end cards, like 1.2 miles and 2 miles earned per S$1 spent locally and overseas, 2 free lounge visits per year and discounted green fees at golf clubs in SE Asia.
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Best Unlimited Cashback Credit Cards for High Income Earners
For high spenders, cashback caps can prove very limiting. These cards minimise such restraints and provide a way for affluent individuals to maximise their earnings potential.
UOB Absolute Cashback Card: Unlimited Cashback on All Spend
UOB Absolute Cashback offers the highest unlimited cashback rate on the market – 1.7%. With no mins, caps or restrictions, you can earn on all spend, including rent and insurance. Additional perks: savings on dining, shopping and travel.
- Pros
- Unlimited cashback
- No min, caps or exclusions
- American Express Card privileges
- Cons
- Low cashback rate for smaller budgets
- Annual fee
UOB Absolute Cashback Card offers 1.7% limitless cashback, with no minimum spend and no exclusions, which is the highest unlimited cashback rate on the market. What makes this card unique is that you can actually earn cashback on all spend, even on categories often excluded by other credit cards, such as: insurance payments, school feels, medical bills and rental payments. Wallet top-ups, utilities and telco bills spend will also earn cashback.
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UOB Absolute Cashback offers the highest unlimited cashback rate on the market – 1.7%. With no mins, caps or restrictions, you can earn on all spend, including rent and insurance. Additional perks: savings on dining, shopping and travel.
- Pros
- Unlimited cashback
- No min, caps or exclusions
- American Express Card privileges
- Cons
- Low cashback rate for smaller budgets
- Annual fee
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UOB Absolute Cashback Card offers 1.7% limitless cashback, with no minimum spend and no exclusions, which is the highest unlimited cashback rate on the market. What makes this card unique is that you can actually earn cashback on all spend, even on categories often excluded by other credit cards, such as: insurance payments, school feels, medical bills and rental payments. Wallet top-ups, utilities and telco bills spend will also earn cashback.
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Citi Cash Back+ Card: Highest Unltd. Flat Rebate Rate
Citi Cash Back+ Card offers one of the highest unlimited cashback rates on the market – 1.6%, on all spend without restrictions, boosted to 4.5% for new customers in the first 3 months.
- Pros
- Affluent consumers spending S$7k+/mo
- People interested in an easy-to-use flat rate card
- Those looking to avoid spend requirements or rewards caps
- Cons
- Average or lower spenders looking to maximise rewards
- Those with specialised spend (i.e. dining, shopping)
- Consumer looking to avoid an annual fee
For affluent consumers with a budget of at least S$6,000/month, Citi Cash Back+ Card is one of the best options for maximising cash rebate. This is the only credit card in the market that provides an impressive 1.6% rebate on all of your spending, with no restrictions like minimum spend requirement or cap on limit. Consumers who don't want to worry about monthly cap on rebates should appreciate this feature. Although Citi Cash Back+ Card doesn't provide an annual fee waiver or many other perks, it's worth noting that its unlimited rebate of 1.6% is higher than the 1.5% offered by most comparable cards and isn't limited just to Singapore, which is also the case with most of its competitors.
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Citi Cash Back+ Card offers one of the highest unlimited cashback rates on the market – 1.6%, on all spend without restrictions, boosted to 4.5% for new customers in the first 3 months.
- Pros
- Affluent consumers spending S$7k+/mo
- People interested in an easy-to-use flat rate card
- Those looking to avoid spend requirements or rewards caps
- Cons
- Average or lower spenders looking to maximise rewards
- Those with specialised spend (i.e. dining, shopping)
- Consumer looking to avoid an annual fee
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For affluent consumers with a budget of at least S$6,000/month, Citi Cash Back+ Card is one of the best options for maximising cash rebate. This is the only credit card in the market that provides an impressive 1.6% rebate on all of your spending, with no restrictions like minimum spend requirement or cap on limit. Consumers who don't want to worry about monthly cap on rebates should appreciate this feature. Although Citi Cash Back+ Card doesn't provide an annual fee waiver or many other perks, it's worth noting that its unlimited rebate of 1.6% is higher than the 1.5% offered by most comparable cards and isn't limited just to Singapore, which is also the case with most of its competitors.
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Standard Chartered Unlimited Cashback Card: Uncapped Rebates Worldwide
Standard Chartered Unlimited Cashback offers customers 1.5% cashback on all spend, boosted to 5% for new customers in the first 3 months.
- Pros
- Unlimited 1.5% flat cashback
- No minimum spend requirement
- Up to 21% fuel savings with Caltex
- Cons
- No boosted rates in specific categories
- No travel perks
If capped cashback cards are keeping you from your full earning potential, consider Standard Chartered Unlimited Cashback Card–perhaps the best of all unlimited cashback credit cards on the market. Cardholders earn at the fairly standard 1.5% flat rate with no minimum spend requirements and no earnings caps. However, SC Unlimited Cashback Card stands out by offering great transport benefits.
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Standard Chartered Unlimited Cashback offers customers 1.5% cashback on all spend, boosted to 5% for new customers in the first 3 months.
- Pros
- Unlimited 1.5% flat cashback
- No minimum spend requirement
- Up to 21% fuel savings with Caltex
- Cons
- No boosted rates in specific categories
- No travel perks
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If capped cashback cards are keeping you from your full earning potential, consider Standard Chartered Unlimited Cashback Card–perhaps the best of all unlimited cashback credit cards on the market. Cardholders earn at the fairly standard 1.5% flat rate with no minimum spend requirements and no earnings caps. However, SC Unlimited Cashback Card stands out by offering great transport benefits.
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American Express True Cashback Card: Limitless Cashback + Upfront Boost
PROMO: None currently available
American Express True Cashback offers 1.5% unlimited cashback on all purchases, and 3% promotional cashback for new customers for the first 6 months.
- Pros
- Great Amex perks
- Straightforward, easy-to-use card
- Cons
- Not suitable for lower budgets
- Rewards general spend only
American Express True Cashback Card stands out as an unlimited cashback credit card because while its base rate is a flat 1.5%, new cardholders earn at a boosted 3% level for their first 6 months, up to S$150. No competitor offers such a lucrative sign-on deal; in fact, alternative unlimited cards rarely come with special welcome rates at all. In addition, Amex True Cashback Card stands out for perks like Global Assist, American Express Selects, and True Cashback promotions–the last of which frequently offers wedding-related deals and discounts. For affluent consumers who feel limited by typical cashback earning caps, Amex True Cashback Card is one of the best options on the market.
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PROMO: None currently available
American Express True Cashback offers 1.5% unlimited cashback on all purchases, and 3% promotional cashback for new customers for the first 6 months.
- Pros
- Great Amex perks
- Straightforward, easy-to-use card
- Cons
- Not suitable for lower budgets
- Rewards general spend only
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American Express True Cashback Card stands out as an unlimited cashback credit card because while its base rate is a flat 1.5%, new cardholders earn at a boosted 3% level for their first 6 months, up to S$150. No competitor offers such a lucrative sign-on deal; in fact, alternative unlimited cards rarely come with special welcome rates at all. In addition, Amex True Cashback Card stands out for perks like Global Assist, American Express Selects, and True Cashback promotions–the last of which frequently offers wedding-related deals and discounts. For affluent consumers who feel limited by typical cashback earning caps, Amex True Cashback Card is one of the best options on the market.
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Maybank FC Barcelona Visa Signature: Unltd. Local Cashback
Maybank FC Barcelona offers one of the highest unlimited cashback rates on the market – 1.6%,. Only downside is that the rate applies to local spend only.
- Pros
- Affluent consumers spending S$6,500+/month
- High spenders with mostly local budgets
- Football fans–especially of FC Barcelona
- Cons
- Frequent travellers with high overseas spend
- People spending less than S$5,000/month
- Consumers who prioritise travel perks & privileges
If you’re an especially high spender with a mostly local budget, look no further than Maybank FC Barcelona Visa Signature Card.This credit card offers a higher unlimited cashback rate for local spend than any other on the market, at 1.6% (v. 1.5%). While the difference may seem small, it quickly adds up at the highest spend levels.
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Maybank FC Barcelona offers one of the highest unlimited cashback rates on the market – 1.6%,. Only downside is that the rate applies to local spend only.
- Pros
- Affluent consumers spending S$6,500+/month
- High spenders with mostly local budgets
- Football fans–especially of FC Barcelona
- Cons
- Frequent travellers with high overseas spend
- People spending less than S$5,000/month
- Consumers who prioritise travel perks & privileges
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If you’re an especially high spender with a mostly local budget, look no further than Maybank FC Barcelona Visa Signature Card.This credit card offers a higher unlimited cashback rate for local spend than any other on the market, at 1.6% (v. 1.5%). While the difference may seem small, it quickly adds up at the highest spend levels.
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CIMB World MasterCard: Uncapped Cashback for Wealthy Socialites
CIMB World MasterCard offers unlimited 2% cashback on dining (including food deliveries), movies & digital entertainment, taxi & automobile and luxury goods and 1% unlimited cashback on other spend. Another benefits: travel and golf perks.
- Pros
- Great fit for big leisure budgets
- Rewards dining, entertainment and duty free shopping
- Perks for avid golfers
- No-fee & maintenance free cashback card
- Cons
- Lack cashback on essentials (ie groceries, bills)
- Doesn't reward airline & hotel spend
- Doesn't fit monthly budgets of S$3,000/month and below
If you’re an affluent socialite seeking cashback on leisure spend, CIMB World MasterCard is the best credit card available. Cardholders earn 2% unlimited cashback on wine & dine (including food deliveries), movies & digital entertainment, taxi & automobile and luxury goods. General spend earns unlimited 1% cashback, which is slightly lower than the market standard. In addition to these great rates, consumers also enjoy perks typically associated with travel cards, such as free travel insurance, lounge access and 50% off green fees at fairways across Asia. And, CIMB World Card is free forever. Ultimately, no other cashback card compares to CIMB World MasterCard for consumers with big social budgets.
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CIMB World MasterCard offers unlimited 2% cashback on dining (including food deliveries), movies & digital entertainment, taxi & automobile and luxury goods and 1% unlimited cashback on other spend. Another benefits: travel and golf perks.
- Pros
- Great fit for big leisure budgets
- Rewards dining, entertainment and duty free shopping
- Perks for avid golfers
- No-fee & maintenance free cashback card
- Cons
- Lack cashback on essentials (ie groceries, bills)
- Doesn't reward airline & hotel spend
- Doesn't fit monthly budgets of S$3,000/month and below
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If you’re an affluent socialite seeking cashback on leisure spend, CIMB World MasterCard is the best credit card available. Cardholders earn 2% unlimited cashback on wine & dine (including food deliveries), movies & digital entertainment, taxi & automobile and luxury goods. General spend earns unlimited 1% cashback, which is slightly lower than the market standard. In addition to these great rates, consumers also enjoy perks typically associated with travel cards, such as free lounge access and 50% off green fees at fairways across Asia. And, CIMB World Card is free forever. Ultimately, no other cashback card compares to CIMB World MasterCard for consumers with big social budgets.
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OCBC 90°N Card: Unlimited Rewards, Cashback + Miles
OCBC 90°N Card has a rather flexible rewards structure offering customers access to both miles and cashback. In addition, miles don't expire, there are no conversion fees and no caps or min spend requirements.
- Pros
- Versatile Miles: 1.3 mi/S$1 locally, 2.1 mi overseas
- Rewards never expire
- No minimun spend
- No cap on miles earned
- Cons
- Local rates are less competitive
- No category-specific rewards boosts
OCBC 90°N Card is the most flexible unlimited rewards credit card, allowing cardholders to seamlessly redeem their earnings as cashback, miles or both. Consumers technically earn Travel$, each of which are equal to S$0.01 cash rebate or 1 air mile. As such, cardholders can earn the equivalent of 1.2% unlimited local cashback and 2.1% overseas, or 1.2 miles per S$1 locally and 2.1 miles overseas. In both cases, OCBC 90°N Card's overseas rate is quite competitive, beating out the industry's standard rate.
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OCBC 90°N Card has a rather flexible rewards structure offering customers access to both miles and cashback. In addition, miles don't expire, there are no conversion fees and no caps or min spend requirements.
- Pros
- Versatile Miles: 1.3 mi/S$1 locally, 2.1 mi overseas
- Rewards never expire
- No minimun spend
- No cap on miles earned
- Cons
- Local rates are less competitive
- No category-specific rewards boosts
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OCBC 90°N Card is the most flexible unlimited rewards credit card, allowing cardholders to seamlessly redeem their earnings as cashback, miles or both. Consumers technically earn Travel$, each of which are equal to S$0.01 cash rebate or 1 air mile. As such, cardholders can earn the equivalent of 1.2% unlimited local cashback and 2.1% overseas, or 1.2 miles per S$1 locally and 2.1 miles overseas. In both cases, OCBC 90°N Card's overseas rate is quite competitive, beating out the industry's standard rate.
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HSBC Advance Card: Top Flat Rebate for Affluent Advance Customers
HSBC Advance Card is a great card for affluent customers looking to have a relationship with HSBC. By satisfying a few conditions, the card offers 3.5% cashback capped at S$300/mo.
- Pros
- Great fit for budgets between S$2,000 and S$8,000/month
- Easy, low-maintenance cashback
- Cons
- Lacks travel perks
- Doesn't fit highly specialised spend behaviors
HSBC Advance Card offers consumers spending at least S$2,000/month the opportunity to earn an incredible 3.5% cashback rate–the highest potential earning value on the market for capped cashback credit cards. Cardholders can earn 3.5% cashback, 2.5% base rate + 1% bonus rate, for spending at least S$2,000 and depositing a minimum of S$2,000 per month in fresh funds and charging at least five transactions to their account. With this bonus rate, monthly cashback is capped at S$300, which is S$3,600 per year in savings.
Overall, this card is perfect for higher spenders because while there’s a monthly cap, it’s very high, and the rebate rate is more than double that offered by unlimited cashback cards. Ultimately, it’s worth checking to see if you qualify for an HSBC account, because HSBC Advance Card offers an exceptional way to quickly maximise spend, with fewer restraints than other cashback cards. | |
HSBC Advance Card is a great card for affluent customers looking to have a relationship with HSBC. By satisfying a few conditions, the card offers 3.5% cashback capped at S$300/mo.
- Pros
- Great fit for budgets between S$2,000 and S$8,000/month
- Easy, low-maintenance cashback
- Cons
- Lacks travel perks
- Doesn't fit highly specialised spend behaviors
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HSBC Advance Card offers consumers spending at least S$2,000/month the opportunity to earn an incredible 3.5% cashback rate–the highest potential earning value on the market for capped cashback credit cards. Cardholders can earn 3.5% cashback, 2.5% base rate + 1% bonus rate, for spending at least S$2,000 and depositing a minimum of S$2,000 per month in fresh funds and charging at least five transactions to their account. With this bonus rate, monthly cashback is capped at S$300, which is S$3,600 per year in savings.
Overall, this card is perfect for higher spenders because while there’s a monthly cap, it’s very high, and the rebate rate is more than double that offered by unlimited cashback cards. Ultimately, it’s worth checking to see if you qualify for an HSBC account, because HSBC Advance Card offers an exceptional way to quickly maximise spend, with fewer restraints than other cashback cards. |
CIMB Visa Infinite Card: Uncapped Cashback for Affluent Travellers
CIMB Visa Infinite Card offers 2% unlimited cashback on travel, overseas and online foreign spend and 1% unlimited cashback on all other spend. Additional perks: travel privileges.
- Pros
- Best fit for monthly budgets above S$2,000
- Unlimited 2% cashback on travel, overseas and online
- No annual fee credit card
- Cons
- Not suitable for spenders with local budgets
- Doesn't fit specialised budgets (ie dining, shopping) and infrequent travellers
CIMB Visa Infinite Card is the best no-fee unlimited cashback credit card for wealthy travellers–especially those who like to golf. While direct competitors offer between 0.8% to 1.5% unlimited rebate, CIMB Visa Infinite offers 1% flat cashback on general spend and 2% on all travel, overseas, and foreign currency transactions. Cardholders must spend at least S$2,000 to access the 2% rate, but for affluent consumers this isn’t a stretch. In addition, CIMB Visa Infinite Card comes with perks usually associated with travel cards, like free travel insurance, lounge access, and discounted limo transfers. And, above all, CIMB Visa Infinite Card is free forever. If you’re a high-spending traveller who prefers cashback to miles, look no further than CIMB Visa Infinite Card.
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CIMB Visa Infinite Card offers 2% unlimited cashback on travel, overseas and online foreign spend and 1% unlimited cashback on all other spend. Additional perks: travel privileges.
- Pros
- Best fit for monthly budgets above S$2,000
- Unlimited 2% cashback on travel, overseas and online
- No annual fee credit card
- Cons
- Not suitable for spenders with local budgets
- Doesn't fit specialised budgets (ie dining, shopping) and infrequent travellers
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CIMB Visa Infinite Card is the best no-fee unlimited cashback credit card for wealthy travellers–especially those who like to golf. While direct competitors offer between 0.8% to 1.5% unlimited rebate, CIMB Visa Infinite offers 1% flat cashback on general spend and 2% on all travel, overseas, and foreign currency transactions. Cardholders must spend at least S$2,000 to access the 2% rate, but for affluent consumers this isn’t a stretch. In addition, CIMB Visa Infinite Card comes with perks usually associated with travel cards, like free travel insurance, lounge access, and discounted limo transfers. And, above all, CIMB Visa Infinite Card is free forever. If you’re a high-spending traveller who prefers cashback to miles, look no further than CIMB Visa Infinite Card.
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Best Credit Cards with Luxury Perks for High-Earners
If you’re an affluent consumer and don’t mind paying a high fee for elite privileges, you may be interested in these cards.
Citi Prestige MasterCard: Exclusive Global Perks & Privileges
Citi Prestige is a great card for frequent travellers, offering high rewards on food delivery and home entertainment (4mi/S$1), overseas and local. Additional benefits: golf and travel perks.
- Pros
- Great luxury benefits
- Ideal for higher budgets
- Great golfing and travel perks
- Cons
- Very high annual fees
- Unsuitable for moderate budgets
Citi Prestige MasterCard is the absolute best travel credit card on the market for luxury travel benefits. Cardholders enjoy unlimited airport lounge access, free bonus hotel nights, complimentary limo transfers, golfing privileges, free travel insurance and so much more. In addition, cardholders earn top rewards rates of 1.3 miles per S$1 locally and 2 miles overseas, plus an annual bonus of up to 30% based on tenure of relationship with Citibank. As if that weren’t enough, cardholders receive 25,000 bonus renewal miles per year (worth S$250), which substantially offset the S$535 fee. Finally, cardholders can earn miles for spend on taxes, rent, recurring bills and more when paying through Citi PayAll. Overall, while expensive, Citi Prestige Card more than makes up for its cost with the value of its luxury benefits and top rewards rates.
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Citi Prestige is a great card for frequent travellers, offering high rewards on food delivery and home entertainment (4mi/S$1), overseas and local. Additional benefits: golf and travel perks.
- Pros
- Great luxury benefits
- Ideal for higher budgets
- Great golfing and travel perks
- Cons
- Very high annual fees
- Unsuitable for moderate budgets
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Citi Prestige MasterCard is the absolute best travel credit card on the market for luxury travel benefits. Cardholders enjoy unlimited airport lounge access, free bonus hotel nights, complimentary limo transfers, golfing privileges, free travel insurance and so much more. In addition, cardholders earn top rewards rates of 1.3 miles per S$1 locally and 2 miles overseas, plus an annual bonus of up to 30% based on tenure of relationship with Citibank. As if that weren’t enough, cardholders receive 25,000 bonus renewal miles per year (worth S$250), which substantially offset the S$535 fee. Finally, cardholders can earn miles for spend on taxes, rent, recurring bills and more when paying through Citi PayAll. Overall, while expensive, Citi Prestige Card more than makes up for its cost with the value of its luxury benefits and top rewards rates.
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American Express Platinum Credit Card: Elite Local Privileges
PROMO: None currently available
American Express Platinum Credit Card is a luxury card offering great deals (up to 50% off) on premium dining and lifestyle. S$1.60 spend earns 10 membership points or 5.5 miles.
- Pros
- Exclusive local privileges
- Great local dining discounts and rewards on designer brands
- Cons
- Lacks luxury travel perks
- Limited miles accrual
American Express Platinum Card is one of the best luxury credit cards for affluent Singaporeans interested primarily in local perks. Cardholders enjoy a myriad of privileges, including exclusive Amex-driven dining perks: up to 50% off hotel buffets & more through the Love Dining programme, free items and discounts at over 400 specialty restaurants with Taste from Amex Invites, and additional privileges through Amex Global Dining. Cardholders also have access to lifestyle and health & wellness perks, such as spa discounts with Platinum Wellness and complimentary green fees.
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PROMO: None currently available
American Express Platinum Credit Card is a luxury card offering great deals (up to 50% off) on premium dining and lifestyle. S$1.60 spend earns 10 membership points or 5.5 miles.
- Pros
- Exclusive local privileges
- Great local dining discounts and rewards on designer brands
- Cons
- Lacks luxury travel perks
- Limited miles accrual
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American Express Platinum Card is one of the best luxury credit cards for affluent Singaporeans interested primarily in local perks. Cardholders enjoy a myriad of privileges, including exclusive Amex-driven dining perks: up to 50% off hotel buffets & more through the Love Dining programme, free items and discounts at over 400 specialty restaurants with Taste from Amex Invites, and additional privileges through Amex Global Dining. Cardholders also have access to lifestyle and health & wellness perks, such as spa discounts with Platinum Wellness and complimentary green fees.
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OCBC Voyage: Luxury Perks + Boost for Local Dining
OCBC Voyage Card is a good option for wealthy customers looking to earn miles on overseas spend. In addition, the card offers many travel perks.
- Pros
- 2.2 miles per S$1 overseas retail and dining spend
- 1.3 miles per S$1 local retail spend
- 15,000 annual bonus renewal miles (worth S$150)
- Unlimited lounge access, limo transfers & more
- Up to 19% fuel savings with Caltex
- Cons
- High S$488 annual fee (no waiver)
- Recurring bills ineligible for rewards
- Access to limo transfers requires S$5,000 minimum spend
OCBC Voyage Card is the best miles-earning card for affluent consumers with a shifting travel schedule. Cardholders earn 2.2 miles per S$1 overseas and 1.3 miles per S$1 local spend. In addition, cardholders can redeem their miles with no conversion fees and without black-out dates, making OCBC Voyage Card especially flexible.
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OCBC Voyage Card is a good option for wealthy customers looking to earn miles on overseas spend. In addition, the card offers many travel perks.
- Pros
- 2.2 miles per S$1 overseas retail and dining spend
- 1.3 miles per S$1 local retail spend
- 15,000 annual bonus renewal miles (worth S$150)
- Unlimited lounge access, limo transfers & more
- Up to 19% fuel savings with Caltex
- Cons
- High S$488 annual fee (no waiver)
- Recurring bills ineligible for rewards
- Access to limo transfers requires S$5,000 minimum spend
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OCBC Voyage Card is the best miles-earning card for affluent consumers with a shifting travel schedule. Cardholders earn 2.2 miles per S$1 overseas and 1.3 miles per S$1 local spend. In addition, cardholders can redeem their miles with no conversion fees and without black-out dates, making OCBC Voyage Card especially flexible.
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Best Credit Cards for High Earners with Golfing Privileges
Affluent golfers can access no-fee privileges with the following cards.
Maybank World MasterCard: Best Miles Card for Golfing Privileges
Maybank World MasterCard awards 4mi/S$1 spend at hotels, as well as petrol in SG. In addition, it offers a variety of discounts and privileges for golfers and travellers.
- Pros
- Great perks for golfers who enjoy local and global courses
- Good fit for budgets between S$1,000 to S$2,000 monthly
- Awards dining and high-end retail shopping
- Cons
- Not a good fit for non-golfers or infrequent golfers
- Doesn't reward everyday spend
- Lacks travel perks and privileges
If you prioritise golf perks and would like to earn miles, Maybank World MasterCard is simply the best credit card for you. Cardholders receive 2 free green fees per month at 120 fairways across 25 countries–no other card offers such a comprehensive set of privileges. In addition, cardholders receive free travel insurance and airport lounge access. In terms of rewards, each S$1 spend with select dining and luxury retail merchants earns 10 points (4 miles). Cardholders can even earn a fee-waiver with S$24,000 annual spend. Ultimately, Maybank World MasterCard is the best miles-earning card for golfers, with extra rewards for luxury spend.
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Maybank World MasterCard awards 4mi/S$1 spend at hotels, as well as petrol in SG. In addition, it offers a variety of discounts and privileges for golfers and travellers.
- Pros
- Great perks for golfers who enjoy local and global courses
- Good fit for budgets between S$1,000 to S$2,000 monthly
- Awards dining and high-end retail shopping
- Cons
- Not a good fit for non-golfers or infrequent golfers
- Doesn't reward everyday spend
- Lacks travel perks and privileges
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If you prioritise golf perks and would like to earn miles, Maybank World MasterCard is simply the best credit card for you. Cardholders receive 2 free green fees per month at 120 fairways across 25 countries–no other card offers such a comprehensive set of privileges. In addition, cardholders receive free travel insurance and airport lounge access. In terms of rewards, each S$1 spend with select dining and luxury retail merchants earns 10 points (4 miles). Cardholders can even earn a fee-waiver with S$24,000 annual spend. Ultimately, Maybank World MasterCard is the best miles-earning card for golfers, with extra rewards for luxury spend.
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Best Credit Cards for Affluent Business Travellers
We’ve selected the best cards on the market for business travellers in terms of comfort & convenience, high overseas rewards rates, and a few added benefits (like rewards for banking).
HSBC Visa Infinite: Best Travel Card for Airport Perks
HSBC Visa Infinite Card stands out first and foremost for its exceptional airport benefits, making it one of the best credit cards for affluent business travellers. While rewards rates are rather low for a travel card (1 mile per S$1 locally & 2 miles overseas during 1st year, 1.25 locally & 2.25 overseas subsequently with S$50,000 annual spend), cardholders can enjoy unique perks like expedited immigration clearance. Cardholders also receive unlimited lounge access, free limo transfers and travel insurance, making travel far more comfortable and convenient. While there’s a remarkably high S$650 fee, it’s discounted to S$488 for HSBC Premier customers and may well be worth it for its premium perks for frequent travellers.
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HSBC Visa Infinite Card stands out first and foremost for its exceptional airport benefits, making it one of the best credit cards for affluent business travellers. While rewards rates are rather low for a travel card (1 mile per S$1 locally & 2 miles overseas during 1st year, 1.25 locally & 2.25 overseas subsequently with S$50,000 annual spend), cardholders can enjoy unique perks like expedited immigration clearance. Cardholders also receive unlimited lounge access, free limo transfers and travel insurance, making travel far more comfortable and convenient. While there’s a remarkably high S$650 fee, it’s discounted to S$488 for HSBC Premier customers and may well be worth it for its premium perks for frequent travellers.
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Standard Chartered Visa Infinite: Miles for Overseas & Tax-Pay
Standard Chartered Visa Infinite X offers 30,000 miles as a sign-up bonus, 3mi/S$1 overseas spend, and a wide variety of travel perks. Additional perk: charge your income tax to your card and earn rewards.
- Pros
- Great rewards for high overseas spend
- Rewards banking activity
- Cons
- Not suitable for average spenders who mostly buy local essentials
- Annual fee
Standard Chartered Visa Infinite Card is perfect for affluent business travellers because it not only offers the best rewards rates on the market–1.4 miles per S$1 local spend, 3 miles overseas–it also rewards banking activity. While almost all other cards exclude banking transactions, SC Visa Infinite Card actively rewards cardholders for income tax payments, fixed deposits, investments, savings accounts, mortgage loans and more.
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Standard Chartered Visa Infinite X offers 30,000 miles as a sign-up bonus, 3mi/S$1 overseas spend, and a wide variety of travel perks. Additional perk: charge your income tax to your card and earn rewards.
- Pros
- Great rewards for high overseas spend
- Rewards banking activity
- Cons
- Not suitable for average spenders who mostly buy local essentials
- Annual fee
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Standard Chartered Visa Infinite Card is perfect for affluent business travellers because it not only offers the best rewards rates on the market–1.4 miles per S$1 local spend, 3 miles overseas–it also rewards banking activity. While almost all other cards exclude banking transactions, SC Visa Infinite Card actively rewards cardholders for income tax payments, fixed deposits, investments, savings accounts, mortgage loans and more.
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Learn More About How to Find the Best Credit Card for You
Zoryana Melesh
Zoryana is a Senior Research Analyst at ValueChampion, who focuses on evaluating credit cards, savings and fixed deposits in Singapore. She holds a BA in Political Science and an MPA in International Finance and Economic Policy, both from Columbia University. Prior to joining ValueChampion, Zoryana worked in treasury management consulting.