Singapore is arguably one of the leaders in the pack when it comes to credit card perks with other developed nations paling in comparison across the freebies and rebate categories. Take Australia, for example, where even a waiver of one’s annual fees is not a given. In Singapore, bar a few high-end cards with ridiculously attractive miles and such, a waiver of subscription fees for the service is usually a pleasant phone call away.
It’s all about competition. Merchants and financial institutions in our Little Red Dot compete for clientele, often attempting to out-shine their adversaries with the latest suitcase upon sign-up or one-for-one dining deals. Somewhat befitting for a nation that places keen focus on food as a pastime, this article will take a look at four cards that can be touted as among the premiers when it comes to their F&B perks.
American Express Platinum Card
This is one for both the tipple and dining enthusiasts, offering a barrage of offerings in both categories. The card comes with a Love Dining benefit, a programme where subscribers receive up to 50% discount (when 2 dine and order a main course each) on a wide range of restaurants island wide. The list of participating outlets include the TungLok Signatures Group, TWG Tea Outlets, Kinki Restaurant and Bar as well as a host of other eateries.
If that was not enough reason to win our vote, the card also offers all subscribers a complimentary cocktail (terms and conditions apply) at a list of bespoke bars. The list includes (but is definitely not limited to) Ah Sam Cold Drink Stall, Maison Ikkoku and Chye Seng Huat Hardware. Impressive.
UOB YOLO Card
The name itself would suggest that this card would be for lifestyle benefits – taking a look at its perks seem to confirm this. Aside from online fashion and travel, all customers are treated to up to 8% off dining (and entertainment) on weekends and 3% of weekdays in the form of cash rebates – both locally and overseas! This comes with added one-for-one deals on a range of drinks at popular clubs and bars island wide.
ANZ Optimum World MasterCard
At first glance, this card seems pretty consistent with the competition. It’s appeal, however, lies in the fact that one can choose between Travel, Entertainment, Food and Dining, etc. to obtain bonus rebates across a selected category. If one were to choose Food and Dining, for example, one would enjoy 5% cash back rebates with absolutely no cap. On all other expenditure, the card offers 1% cashback rebates. To top things off, there is a further 15% on a list of restaurants which in our opinion sweetens the deal even further.
You can take a look at the full terms and conditions here.
Citi Cash Back Card
As our focus is purely on dining for the sake of this write-up (the card comes with rebates across fuel and groceries too), we had to include this popular card that offers 8% Cash back on dining globally (terms and conditions apply) at any café, restaurant etc. This is on top of the usual Citi Gourmet Pleasures that are offered to all Citibank card members. For a limited period of time, Citibank is also offering up to $120 cash back on this card when one spend 200 SGD per month for the first 6 months.
As competition increases across the industry, financial institutions and providers will presumably up the ante on offers for new credit card sign-ups. When it comes to Singapore, it seems that they have understood that the way to a consumer’s wallet is often through his or her stomach.