Trying to get A Credit Card To Enjoy Free Gifts And Great Perks? Here's Why You Should Pay Close Attention To The T&Cs

In the mostly cashless society that we reside in, it makes financial sense to apply your credit cards to cover bills and expenses you incur on a regular basis. Paying using your credit cards allow you to earn perks, such as discounts, cashback and air miles.

To entice cardholders to apply for the credit cards they issue, banks frequently provide lucrative sign-up perks for new applicants. Taking this a step further are financial comparison sites, some of whom are giving additional benefits when you apply for a card through them.

One such platform that we have personally used extensively in the last few years is SingSaver, an impartial financial comparison site. SingSaver runs frequent charge card promotions, where they give out Takashimaya vouchers, NTUC FairPrice vouchers, Grab coupons and even cash – for successful applying charge cards.

Aside from credit cards, SingSaver also compares personal loan, travel cover and many other product types. They do so by working with various banks and insurers to offer these incentives.

When you apply through a financial comparison site like SingSaver, it saves you the trouble of getting to search for individual deals provided by each bank. Actually, the added incentives offered by SingSaver implies that applications made through their platform is superior compared to applying directly through the banks themselves.

SingSaver is independently operated and aren't affiliated to the banks nor are they a government entity (as some people may mistakenly think by taking a look at their name).Through their platform, SingSaver hopes to empower users to lead healthier financial lives and to simplify the search procedure for financial products because of its users.

Users can go to the SingSaver comparison site and immediately compare the different charge cards that are offered, and the current rewards that are on offer. Actually, one of our writer recently subscribed to an American Express card and received $150 cash and shared his experience in articles.

Besides are applying for cards that give you attractive rewards, you have to also seriously consider a few of the terms and conditions to ensure that you obtain the rewards which attracted you to make an application for the loan cards to begin with.

Do You Qualify For The Eligibility Criteria?

The very first thing to take note of are the criteria for receiving they then.

For example, if you are trying to get a Citibank PremierMiles card through SingSaver, you should know that the additional benefit of $200 NTUC FairPrice vouchers, Takashimaya vouchers or Grab codes (for applying through SingSaver) is only valid for brand new Citibank customers. Remember, these extra benefits are only given should you apply through SingSaver. SingSaver partners with one of these banks to give the additional rewards.

Source: SingSaver

If you're an existing customer, you will receive $30 gift/voucher instead (more on that below).

One mistake that some applicants make is not taking close note of the eligibility criteria.

To find this out on SingSaver, you can click the “More Details” button and will also open a dropdown page with further information. With that, you will notice every detail you need to know, including a connect to the conditions and terms.

Don't Ignore The Details Within the Conditions and terms (T&Cs) Page

As a guide, always make it a habit to check the T&Cs for just about any promotions that you participate in. If you can't think it is, contact the company directly. This is applicable for offline and online promotions. For the SingSaver promotion, it is simple to access the T&Cs through their credit card application page.

The screenshot below is from the SingSaver T&Cs page. It specifies that new Citibank customers will get $200 vouchers, while existing customers will receive $30 vouchers.

You may also find the T&Cs for American Express, Standard Chartered, HSBC, UOB and OCBC. Based on which cards are applying for, you stand to earn different rewards.

Source: SingSaver, Terms & Conditions, Valid Till 31 December 2021

The T&Cs also includes other important details that you ought to know about, such as the eligible cards and promotion offer.

When May be the Promotion Period?

Promotions are normally time-limited. Naturally, you need to submit the application throughout the promotion period. This latest SingSaver charge card promotion runs till 31 December. In case your credit card application is performed on/before 31 December, you will be eligible for the promotion offer.

There were occasions in the past where applicants signed up for them outside the promotion period, without realising it. Always check once the promotion period is before you submit your card application.

Remember To Submit The Promotion Registration Form

Similar to a lucky draw in the shopping mall or submitting an application in exchange for a free gift at the restaurant, you need to complete and submit the registration form in order participate for a promotion. Never assume that you're automatically opted-in for a promotion.

If you are applying during a SingSaver credit card promotion, remember to complete the reward redemption form. This is highlighted in yellow underneath the “Redeem Reward” page.

A common area which may be overlooked is to lose out on submitting this type after applying for your credit cards. If you don't submit the shape, you will not be eligible to receive the perks offered.

Enjoy Your Credit Card Rewards, Whenever you Apply The Proper way

To help guide to users with the process and ensure you obtain your perks, SingSaver has prepared this simple infographic that outlines what happens during each step from the application process.

Or if you prefer watching, this video explains what you need to know.

Applying for your credit card experiencing the perks is really a relatively straightforward process. Everything can be done on the internet and there is no need that you should print out any documents or mail any forms to the banks.

However, if you wish to benefit from the extra benefits, you must remember the extra steps required. This includes submitting your reward redemption form with the right reference number and making sure that are applying during the promotion period. Obviously, your charge card application needs to be approved.

If you'll need a detailed step-by-step guide to trying to get credit cards with SingSaver, we've written a previous article around the various steps you need to take. It's a good read if you're unsure about the steps required.

Otherwise, you can proceed ahead to try to get the cards, unsecured loans and travel insurance that you want and relish the rewards that include it.