Updated MonthlyCredit Cards & Savings
Best Credit Card Welcome Bonuses in Singapore — Up to $350 Free (Jun 2026)
Last updated & verified: 2 June 2026
Banks are basically fighting over you right now — and that means free money. Welcome bonuses range from $50 cash to $350+ in miles, boosted cashback, and vouchers. The catch? Offers change monthly and come with spending requirements you NEED to understand before applying (I've seen people miss out because they didn't read the fine print). This guide ranks every major credit card welcome bonus available in Singapore right now, sorted by real-world value.
TL;DR
Compare the highest credit card sign-up bonuses in Singapore for June 2026. Cash gifts, bonus cashback, miles, and fee waivers. Updated monthly with the latest bank promotions.
Top 5 Welcome Bonuses Right Now (Jun 2026)
These are the highest-value sign-up offers currently available, ranked by total bonus value relative to effort required.
BEST VALUE
1. HSBC Revolution Card — Up to $300 Cashback
New-to-HSBC customers who spend $500 in the first month receive $150 cashback. Spend an additional $500 in month 2 for another $150. Total: $300 for $1,000 total spend. First-year annual fee waived. One of the most generous welcome offers available, especially considering the low spend threshold. Requires $30,000 minimum annual income.
Effort: Low (just $1,000 spend over 2 months) | Value: $300
2. Citi PremierMiles — Up to 30,000 Bonus Miles
New Citi cardholders receive 15,000 miles for spending $3,000 in the first 3 months, plus another 15,000 miles for spending an additional $5,000. Total: 30,000 miles (worth approximately $210–$350 depending on redemption). Best for frequent flyers who can meet the spend requirement through regular expenses. Annual fee of $192.60 is waived for the first year.
Effort: Medium ($8,000 spend over 3 months) | Value: ~$210–$350 in flights
3. Standard Chartered Simply Cash — $150 Cash Credit
One of the easiest welcome bonuses to unlock. New SC customers receive $150 cash credit for just $500 spend in the first 2 months. No categories to worry about, no complex tiers. First-year fee waived. The card itself earns 1.5% flat cashback on all spending, making it a solid everyday card even after the welcome bonus.
Effort: Very low ($500 spend in 2 months) | Value: $150
4. DBS Altitude Visa — Up to 20,000 Bonus Miles
New DBS cardholders earn 10,000 miles for $2,000 spend in the first 2 months, plus another 10,000 miles for $3,000 more in months 2–3. Total: 20,000 miles (worth ~$140–$230 in flights). DBS Altitude earns 3 miles per dollar on online spending and overseas transactions, making it especially valuable for travellers. No annual fee for the first year.
Effort: Medium ($5,000 spend over 3 months) | Value: ~$140–$230 in flights
5. UOB Lady's Card — $250 in Vouchers
New UOB customers receive $250 in shopping vouchers (CapitaLand or Grab) when they spend $1,500 in the first 2 months. The card offers 10x UNI$ on beauty, fashion, and wellness buys. Annual fee waived first year. Only available to female applicants with minimum $30,000 annual income.
Effort: Low–medium ($1,500 spend in 2 months) | Value: $250 in vouchers
Best Cash & Voucher Welcome Bonuses
These cards give you hard cash or usable vouchers as a sign-up reward. No miles to figure out, no points to convert — just straightforward value.
HSBC Revolution — $300 Cash
$150 for $500 spend in month 1, plus $150 for $500 spend in month 2. New-to-HSBC only. The card earns 5x rewards (2 miles per dollar) on dining, entertainment, and online shopping. Solid ongoing value beyond the welcome bonus.
UOB Lady's Card — $250 Vouchers
$250 in CapitaLand or Grab vouchers for $1,500 spend in 2 months. Female applicants only. Great for those who shop at CapitaLand malls (Ion, Jewel, Plaza Singapura, Bugis Junction) or use Grab regularly.
OCBC 365 Card — $200 Cash Credit
$200 cash credit for new OCBC customers who spend $2,000 in the first 2 months. The card itself earns up to 6% cashback on dining and 3% on groceries, online shopping, and transport. One of the best all-rounder cards in Singapore.
SC Simply Cash — $150 Cash Credit
$150 for just $500 spend in 2 months. The lowest effort welcome bonus on this list. Perfect if you want easy, guaranteed value without restructuring your spending. The card earns 1.5% unlimited cashback with no minimum spend — a set-and-forget everyday card.
Maybank Grab Mastercard — $120 Grab Credits
$120 in Grab credits (split over 3 months) for $800 spend in the first month. Ideal for heavy Grab users — the card earns 8x Grab reward points on all Grab transactions (rides, food, mart). No annual fee.
Best Enhanced Cashback Welcome Offers
These cards boost your cashback rate during the first few months — earning you significantly more than the standard rate while you settle in.
DBS Live Fresh — 10% Cashback for 3 Months
New DBS customers earn 10% cashback on online spending for the first 3 months (capped at $60/month, total $180 potential). Standard rate drops to 5% after. Great for heavy online shoppers who use Shopee, Lazada, and food delivery apps.
Citi Cash Back+ — 3.2% Cashback for 3 Months
Double the standard 1.6% rate for the first 3 months (no cap). On $3,000/month spend, that is an extra $48 over 3 months compared to the standard rate. Low effort since there is no minimum spend or category restrictions.
HSBC Live+ — 12% Dining Cashback for 2 Months
New HSBC customers earn 12% cashback on dining for the first 2 months (vs. standard 8%). Capped at $100/month. If you dine out frequently, this translates to $200 in additional cashback. Combine with the best dining deals in Singapore for maximum savings.
Best Miles Sign-Up Bonuses
For frequent travellers, miles sign-up bonuses can be worth far more than cash — especially when redeemed for business class flights. Here are the cards with the most generous miles welcome offers.
Citi PremierMiles — 30,000 Miles
The gold standard for miles welcome bonuses. 15,000 miles for $3,000 spend in 3 months, plus 15,000 for $5,000 more. Total 30,000 miles can get you a return economy flight to Bangkok or a one-way business class upgrade within Asia. Requires $80,000 annual income.
DBS Altitude — 20,000 Miles
10,000 + 10,000 miles for $5,000 total spend in 3 months. Lower threshold than Citi PremierMiles. The card earns 3 miles/dollar on online spending and overseas transactions. Annual fee $192.60 waived first year. Requires $30,000 annual income.
UOB KrisFlyer Card — 15,000 KrisFlyer Miles
New UOB customers earn 15,000 KrisFlyer miles for $2,500 spend in 2 months. Miles go directly into your KrisFlyer account — no transfer needed. The card earns 3 miles per dollar on dining and travel buys. Annual fee $192.60 waived first year.
HSBC TravelOne — 25,000 Bonus Miles
New-to-HSBC customers earn 25,000 miles for $4,000 spend in 3 months. The card offers unlimited 2.4 miles per dollar overseas and 1.6 miles locally with no caps. Requires $80,000 annual income. One of the best ongoing earn rates paired with a strong welcome bonus.
Planning a trip? Check our cheap flights guide and travel insurance comparison to maximise your savings.
Welcome Bonuses With No Minimum Spend
These offers reward you just for getting approved — no spending requirements at all. The bonuses are typically smaller but require zero effort beyond applying.
Citibank — $50 Cash Reward (Apply Online)
Several Citi cards offer $50 cash reward simply for applying online and getting approved. No minimum spend required. Often stackable with the card-specific welcome bonus. Check the Citi promotions page for the latest qualifying cards.
POSB Everyday Card — $30 Cashback (Instant Approval)
DBS/POSB customers applying for the Everyday Card via the DBS app receive $30 instant cashback upon approval. No spend requirement. The card earns up to 5% cashback at selected merchants. Low barrier to entry with $30,000 income requirement.
Trust Bank Credit Card — $35 Welcome Gift
Sign up for a Trust Card and receive $35 in rewards. No minimum spend, no annual fee ever. The card earns up to 15% rewards at selected merchants. Lower income requirement of $20,000. Good entry-level option for younger applicants.
How to Maximise Welcome Bonus Value
1. Time Applications Around Large Buys
If you know you have a big expense coming — insurance premium, electronics buy, holiday booking — apply for a new card beforehand and use that spending to meet the welcome bonus requirement. This way you hit the threshold without changing your normal spending.
2. Stack With Existing Promotions
Welcome bonuses often stack with ongoing card promotions. For example, an HSBC Revolution welcome bonus + HSBC dining discount + restaurant promotion = triple savings on a single meal. Check our 1-for-1 deals page for promotions that pair well with new card bonuses.
3. Use ShopBack or CardsPal for Extra Cashback
4. Set Calendar Reminders for Deadlines
The most common reason people miss welcome bonuses is forgetting the qualifying period deadline. As soon as your card arrives, set a calendar reminder 1 week before the deadline with how much more you need to spend. Track your progress in your banking app.
5. Cancel Strategically After First Year
If the card does not offer enough ongoing value to justify keeping it, call to cancel or request an annual fee waiver before the second year fee hits. Most banks will waive the fee to retain you. If they will not, cancel and move on. Do not pay annual fees for cards you barely use.
Common Mistakes That Cost You the Bonus
Not Checking “New-to-Bank” Requirements
Many welcome bonuses are only for customers who have not held any card from that bank in the last 6–12 months. If you already have a DBS card, you will not qualify for the DBS Altitude welcome bonus even if it is a different card product. Always read the fine print before applying.
Spending on Excluded Categories
Some banks exclude certain transactions from counting toward welcome bonus spend: balance transfers, cash advances, GIRO/AXS payments, insurance premiums, tax payments, and sometimes even online buys. A $3,000 insurance payment might not count toward your $3,000 spend requirement. Check which transactions qualify.
Applying for Too Many Cards at Once
Each credit card application triggers a hard inquiry on your credit report. Multiple applications in a short period can lower your credit score and lead to rejections. Space applications at least 2–3 months apart. Prioritise the highest-value bonus first in case subsequent applications are declined.
Overspending to Hit the Threshold
A $300 welcome bonus has zero value if you spent $500 on things you did not need just to hit the requirement. Only apply for cards where the spend threshold matches your existing monthly expenses. If you normally spend $2,000/month, do not sign up for a card requiring $5,000 in spending.
Forgetting to Pay in Full
Credit card interest rates in Singapore range from 25–28% per annum. If you carry a balance while chasing a welcome bonus, the interest charges will easily exceed the bonus value. Always pay your statement in full every month. If you cannot, credit card rewards programmes are not for you yet.
Frequently Asked Questions
Which credit card has the best welcome bonus in Singapore right now?
As of June 2026, the highest-value welcome bonuses are: HSBC Revolution (up to $300 cashback for $1,000 spend), Citi PremierMiles (up to 30,000 bonus miles worth ~$210–$350 in flights), and Standard Chartered Simply Cash ($150 for just $500 spend). For pure ease, the SC Simply Cash offer gives you the best value relative to effort. Welcome bonuses change monthly, so compare the latest credit card offers on SingSaver before applying.
How do credit card welcome bonuses work in Singapore?
You apply for a new card and get approved. The bank sets a qualifying period (usually 1–3 months) during which you must spend a minimum amount. Once you meet the requirement, the bonus (cash, miles, or vouchers) is credited within 1–3 billing cycles. Some bonuses require no spending at all — just approval. Always read the terms for the qualifying period, excluded transactions, and “new-to-bank” requirements.
Can I get welcome bonuses from multiple credit cards?
Yes. You can apply for cards from different banks and collect multiple welcome bonuses. However, most banks restrict bonuses to customers who have not held any card from that bank in the past 6–12 months. Space applications 2–3 months apart and check “new-to-bank” vs. “new cardholder” eligibility requirements for each offer.
Do I need to pay the annual fee to get the welcome bonus?
Most welcome bonuses come with first-year annual fee waivers — you pay nothing for year one. After that, call to request a waiver or cancel before renewal. Some premium cards charge fees from day one, but the welcome bonus typically exceeds the fee. Always factor in the annual fee when calculating net bonus value.
What is the minimum salary to qualify for credit card welcome bonuses?
Most cards require $30,000 annual income ($2,500/month). Premium cards with larger bonuses typically require $80,000–$150,000. For lower incomes, Trust Card ($20,000 requirement) and POSB Everyday Card ($30,000) offer accessible welcome bonuses. Self-employed applicants may need to provide tax assessments or 6 months of bank statements.
Hit your spend target on Shopee
Need to meet a minimum spend? Use your new card on Shopee for everyday buys and earn extra cashback.
Browse Shopee deals →Book experiences on Klook
Klook buys count towards your card spend requirement. Book attractions and activities to hit your target.
Browse Klook deals →Find More Ways to Save
Pair your new card's welcome bonus with the latest deals and promotions for maximum savings.
Sources
- HSBC Singapore — Credit Cards & Promotions
- Citi Singapore — Credit Card Welcome Offers
- Standard Chartered Singapore — Credit Cards
- DBS Singapore — Credit Cards
- UOB Singapore — Credit Cards
- OCBC — Credit Cards
- Maybank Singapore — Credit Cards
- MAS — Banking Regulation
Welcome bonuses, sign-up promotions, and annual fees are verified against official bank websites. Offers change monthly — always confirm with the issuing bank before applying.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Credit card terms, welcome bonuses, and eligibility criteria change frequently. Always verify current promotions directly with the issuing bank before applying. WhyNotDeals is not affiliated with any bank mentioned in this article. Last verified: 2 June 2026.
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