Step-By-Step Guide To Trying to get A Credit Card-And Receiving As much as $200 In Vouchers or $150 In Cash
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Getting a credit card is one of the smartest things we are able to do when we begin working and have been employed by a while. There are many benefits to using credit cards and we've actually written articles about why everyone should be “abusing” their credit cards. Take a look at six good reasons:
We don't have to carry cash around and can simply tap our credit cards to create purchases nowadays.
Banks are able to track fraudulent transactions when our credit cards are stolen or lost in addition to well as when our details are misused. This is harder when our funds are lost or stolen. Of course, carrying around less money also causes us to be less of a target for thieves, especially when we travel overseas.
3) Build Our Credit Score
For many, the first time we ever take credit from financial institutions is when we obtain a credit card. This can help us build (or wreck) our credit scores. Our credit ratings come in handy whenever we eventually require loans for the housing, investments, renovation or any other kinds of credit facilities.
4) Spend “Free” Money
Using our credit cards can also be among the rare times in life that we can spend some money we do not have for free (at least until our credit card bill is due).
Don't get caught up with this particular as banks charge very high interest rates of nearly 25% on amounts we're not able to pay when it's due.
5) Earn Higher Interest On Profit Our Savings Account
Spending “free” money on our charge cards allow us to keep our savings in our savings account instead of utilize it immediately. This money continues to earn interest rates, especially useful if we're keeping it in a high-interest account.
Also Read: [2021 Edition] Best Savings Makes up about Working Adults in Singapore
In addition, many of our banks will even provide us with bonus interest rates on our savings when we put money into one of their credit cards.
6) Rewards: Cashbacks And Miles
Of course, this is one of many reasons we make an application for our charge cards. It's quite amazing that we are actually rewarded, over the five benefits in the above list, with cash(backs) and miles whenever we spend our money!
Whether you are in the cashback or miles camp, you will find charge cards that people can use for to increase every dollar in our expenses, that we would otherwise have paid in cash.
Going One Better With Lucrative Sign-Up Perks
The charge card market is a competitive one. That's why we see so many pop-up booths at crowded MRT stations and at various high-traffic locations every day. The salespeople often tout interesting sign-up perks like luggage bags, cash credit yet others.
Rather than being pushed a random credit card that won't suit our needs or give us the very best rewards according to our spending habits and patterns, simply to obtain the sign-up perks, we ought to opt to apply online for the actual charge cards that fit our needs.
This way, we get credit cards that maximises our rewards (based on our spending habits and patterns), in addition to provide us with the kind of rewards we prefer – cashback or miles. We can use credit card comparison sites like SingSaver to better understand which charge card gives us the very best rewards according to our spending habits and patterns.
Additionally, we might receive more sign-up perks, along with the things they bank may be giving when we sign up this way!
So, there's really no reason to avoid signing up for a credit card or doing so at a random pop-up booth we occur to come across next.
This Promotion – $200 In Takashimaya Or NTUC Vouchers And/Or $150 Cash
We've already applied for more than one charge card via a SingSaver charge card promotion in the past, and received hundreds of dollars in vouchers and funds. We feel that everybody must take benefit of such promotions when we sign up for our charge cards.
From now till 30 September 2021, SingSaver's promotion is providing up to $200 in Takashimaya or NTUC vouchers and/or $150 in cash when you make an application for your charge cards. There's really no reason to not get your charge card by doing this.
Here' a step-by-step walkthrough (complete with screenshots) from the entire application process.
Here's What you ought to Do (With Screenshots)
In order to avoid missing out any of the steps we have to decide to try receive our rewards, here is a walkthrough of the entire sign-up process.
# 1 Decide Which Card(s) You intend to Apply For
Depending on regardless if you are a new or existing customer of the bank, you might receive differing amounts of rewards. Here's the list of charge cards on this promotion (from now till 30 September 2021).
For new Citi customers only, you will receive $200 in NTUC Or Takashimaya Voucher from SingSaver. For existing customers, you will get $50 in NTUC Voucher.
These are the eligible Citibank cards. You can click on the link below to register through SingSaver.
- Citi Cashback
- Citi PremierMiles
- Citi Reward
- Citi SMRT Card
For new clients only, you will receive $150 in cash from SingSaver. For existing Standard Chartered customers, you will receive $100 in cash.
These are the eligible Standard Chartered cards. You can click the link below to register through SingSaver.
- Standard Chartered Unlimited Card
- Standard Chartered Spree Card
- Standard Chartered Reward +
For every successful American Express register, you will receive up to $150 in cash from SingSaver. This applies for new and existing cardholders.
These would be the eligible American Express cards. You can click the link below to register through SingSaver.
- American Express Singapore Airline Krisflyer Card
- American Express True Cashback Card
- American Express Krisflyer Ascend Card
- American Express Capitacard($100 cash reward)
# 2 Make an application for The Credit Card
We chose to apply for the American Express True Cashback Card let's imagine. It is because the author is a cashback person and never a person of yankee Express yet – hence he will obtain the $150 in cash.
After hitting the hyperlink above, you will be taken to the SingSaver page to begin the application process. Click on the orange tab labelled “Apply Now”.
This will take you to a page with all the American Express charge cards available for the promotion. Now, click the blue “Apply Now” button for the correct card that you want to try to get.
From here, you will be come to the American Express register page. Here you need to tick this area to convey you have browse the Eligibility Requirements, Annual Card Fees, Declaration & Authorisation and Product Highlight Sheet. This is not difficult, you need to simply tick this area and click the green “Get Started” button below it.
# 3 Input Your Details
Again, this is a requirement of every new charge card application. You are able to decide to apply via MyInfo or Manually. We chose to do that manually.
We then need to fill in some fundamental information about ourselves. Each stage, our information is saved for us.
We continue filling up more details, there are a total of four pages we have to go through.
The last page is just a review page, we can look through the information we have inputted as well as review other options the bank is providing us. Lastly, click on the “Submit” button.
Finally, we'll get to a “Thank You” page. Make sure to possess a copy of this for reference – click on the “Print This Page” button.
Note that this isn't end of your application. You still have to upload your financial documents to obtain your application approved.
# 4 Upload Financial Documents
You can either wait for an email in the credit card company or click the link within the “Thank You” page to begin uploading your financial documents.
This will take close to 5 minutes if you have the relevant documents ready.
There are mainly a couple of things: 1) Evidence of ID and 2) Evidence of Income.
Proof of ID: This is just the leading and back copies of our NRIC or passports.
Proof of Income: For most of us, this is our latest three months' pay slips.
You're completed with the American Express' application form, and really should hear back from their store in five to 10 business days to complete your application process.
After this, you need to return to SingSaver's page to accomplish their form. This is to get additional your rewards from their store.
# 5 Complete SingSaver's Gift Redemption Form
Don't forget this task if you wish to collect the additional $150 in cash. Either click this connect to visit the form, or think it is here:
Click on the “More Details” Button, then, click on the link to visit the Gift Redemption Form.
Here's what the form appears like. Complete it and hit the “Submit” button.
And, that's it. You're done. It may seem tedious, however, you likely won't earn a simpler $150.
Sign up today to get your rewards!