Maybank Credit Card Application: Fill & Download for Free

Are you kidding? Credit cards are very popular in the Philippines. The average people in the Metropolitan Area of the country have 3–6 credit cards each person. There are those people in the low income group and/or market place vendor and small towns who would prefer to purchase in cash and those who would borrow money from Indian/local lenders previously. However, the 5–6 loan is already banned in the country and it’s illegal in the Duterte administration. Filipinos are becoming financial literate in the use of credit card because of the many issues of Filipinos who ended up in trouble because they lost their jobs especially OFWs.There are those people who would use debit cards to pay with no interest.Credit cards are being promoted in various malls in the country without interest. Application can be done in 10 minutes. There are at least a dozen popular credit cards in the Philippines and these are;Citi Cash BankBPIHSBCRCBCAUBEastWestBDOPNBMaybankStandard Charter

[Best No-Fee Credit CardsBest CashbackOCBC 365Rebates on essentials with easy fee-waiverMB F&FRebates in Singapore & Malaysia after just S$500 minimumBest MilesMB HorizonMarket-leading 3.2 miles per S$1 on local food & transportDBS AltitudeFee-waiver & perks like lounge accessLow SpendersOCBC FrankUp to 6% rebate online, low S$400 min. spend requirementMB Platinum VisaEarn S$30/quarter with just S$300 monthly spendHigh SpendersHSBC AdvanceUp to 3.5% cashback capped at S$125/monthMB FC Barcelona1.6% unlimited local cashback, easy fee-waiverOnline & ShoppingOCBC Titanium4 miles per S$1 on fashion & merchants like Amazon, Qoo10HSBC Revolution2 miles per S$1 online spend (inc. transit, insurance premiums)Golf & LeisureMB WorldFree green fees at 120 fairways across 25 countriesBest Cashback Credit Cards for No Annual FeeIf you want to earn rebates on daily essentials without worrying about paying extra for your credit card, you may want to consider these top-notch cashback options.Best Cashback Credit Cards for No Annual FeeIf you want to earn rebates on daily essentials without worrying about paying extra for your credit card, you may want to consider these top-notch cashback options.Best Cashback Credit Card with Fee Waiver: OCBC 365 CardLearn MoreConsider this if you're looking for a card for general daily usemore detailsPromotions:Earn S$50 rebate w/ card approvalReceive S$40 cashback for sign-up w/ select electricity retailersIf you want a no-fee everyday card that rewards your essential spend, OCBC 365 Card is absolutely the best option on the market. Not only is there a fee waiver with just S$10,000 annual spend, but they're also aren’t any merchant restrictions–two benefits you won’t find with OCBC 365 Card’s key competitor. Cardholders earn 6% on dining & online food delivery and 3% on groceries, land transport (including Grab), online travel bookings, and even recurring electricity & telco bills–compared to the competitor’s 1% rebate on bills, capped at S$1/month.In order to access these rates, cardholders must spend S$800/month, which is aligned with market norms. Cardholders can also earn up to S$80/month, which is fairly high. Ultimately, if you’re buying essentials for your family or simply want no-fee rewards for your daily spend, OCBC 365 is the only option with both a waiver and no merchant restrictions, and its high rates will quickly maximize your earnings.Read Our Full ReviewOverview of Card DetailsAnnual fee: S$192.6, 2-year waiver, subsequently with S$10,000 annual spend6% rebate on dining & online food delivery3% rebate on groceries, land transport, recurring bills & online travelUp to 23% fuel savings with Caltex, 20.4% with Esso, 5% other stationsFree travel insurance, Visa Signature PrivilegesBest Cashback Card for Spend in Singapore & Malaysia: Maybank Friends & Family MasterCardLearn MoreConsider this if you spend a lot of time in both Singapore and Malaysiamore detailsPromotions:Receive free American Tourister Luggage w/ S$300 monthly spend for 2mo (req. both card + Creditable applications)Maybank Family & Friends Card stands out as an extraordinary option for everyday local spenders, offering accessible cashback rates for people with both average and lower budgets. Cardholders earn 5% rebate in key categories like groceries, dining, transport, petrol, data communications/online TV streaming & more–all after just S$500 minimum spend. Consumers who spend at least S$800/month earn 8% cashback, with rewards capped at a competitive S$80/month. Nonetheless, cardholders should consider that only spend in Singapore and Malaysia is rewards eligible; overseas transactions earn at a base rate of just 0.3%.Nonetheless, MB F&F Card proves especially accessible by waiving its S$180.0 fee for 3 years, and thereafter with S$12,000 annual spend. Consumers who meet this criterion (S$1,000/month) would also be poised to max out rewards, potentially earning up to S$960 cashback/year. Ultimately, MB F&F Card is perhaps the best rebate option on the market for local spenders.Read Our Full ReviewOverview of Card DetailsAnnual fee: S$180.0, 3-year waiver, subsequently with S$12,000 annual spendUp to 8% rebate on dining, groceries, transport, petrol & data communications/online TV streaming in Singapore & Malaysia, after S$800 min spend (5% rebate with S$500 min spend)0.3% rebate all other spendsFuel savings up to 20.88% with select petrol merchants (inc. 8% rebate)Best No-Fee Credit Cards for Air MilesTravel cards, especially those with luxury perks, are notorious for having non-waivable fees up to S$500+. There are a few excellent cards, however, that balance top rates and great perks with spend-based waivers, making them far more accessible to consumers.Best Miles Card for Local Budgets: Maybank Horizon Visa Signature CardLearn MoreConsider this if you want to maximize miles for dining & petrolmore detailsPromotions:Receive free American Tourister Luggage w/ S$300 monthly spend for 2mo (req. both card + Creditable applications)Maybank Horizon Visa Signature Card is an excellent way for primarily local spenders to earn miles at home at top rates, but then also earn on vacation bookings and spend abroad. Cardholders earn 3.2 miles per S$1 spend on local dining, petrol, taxis & Grab, and hotel bookings with Agoda–this rate is higher than that offered by even the priciest travel cards. In addition, cardholders earn 2 miles per S$1 spend on air tickets, travel packages and foreign currency transactions, which aligns with the overseas rates of other travel cards. While earnings are limited by category, local food & transportation account for nearly have of the average budget, so most consumers can easily earn with this card.Another way in which Maybank Horizon Card stands out is that its S$180 fee is waived for a full 3 years, and subsequently, with just S$18,000 annual spend. This means cardholders can focus on earning rather than extra costs. Ultimately, locally-based consumers looking for easy miles might find Maybank Horizon Card to be an excellent maintenance-free option.Read Our Full ReviewOverview of Card DetailsAnnual fee: S$180.0, 3-year waiver, subsequently with S$18,000 annual spend3.2 miles per S$1 local spend on dining, petrol, taxis, Grab & hotel bookings with Agoda2 miles per S$1 spend on air tickets, travel packages & foreign currency transactionsUp to 17.2% fuel savings on petrol in SingaporeAccess to airport lounges & free travel insuranceBest Miles Credit Card for Affordable Perks: DBS Altitude Visa CardLearn MoreConsider this if you want a good miles credit card with an easily waived annual feemore detailsPromotions:Receive up to 10,000 welcome miles with S$6,000 spendEarn up to 4mi/S$1 spend on the commute, 2.4mi at EssoUp to 10 miles per S$1 spend with Kaligo, 6 miles with ExpediaDBS Altitude Visa Card stands out by offering more travel perks than any other miles card with a fee-waiver. Cardholders earn respectable rewards rates at 1.2 miles per S$1 local spend, 2 miles overseas, 3 miles on online travel bookings. However, unlike other comparable cards, DBS Altitude Card offers free travel insurance, 2 lounge visits/year, golfing privileges throughout SE Asia, dining privileges with Visa Foodie Trail & more. In fact, these perks are more extensive than some travel cards with S$250+ fees.To receive a fee-waiver, cardholders need to spend S$25,000 annually, so DBS Altitude Card is best for average spenders (especially those who frequently travel). If you want to avoid the high fees of pricier travel cards, but still want to enjoy luxury perks, DBS Altitude Card is perfect for you.Read Our Full ReviewOverview of Card DetailsAnnual fee: S$192.6, 1-year waiver, subsequently with S$25,000 annual spend1.2 miles per S$1 locally, 2 miles overseas, 3 miles for online travel bookingsFree travel insurance, 2x lounge visits, golfing & dining privilegesDBS My Preferred Payment Plan (0% interest installments)Up to 15% fuel savings with SPC, 14% with EssoBest Travel Card for Rapid Miles: UOB PRVI Miles American Express CardLearn MoreConsider this if you want to maximize mile rewards without paying an extravagant annual feemore detailsPromotions:Receive up to S$150 cashback with S$1,500 spend in 1st monthEarn up to 3mi per S$1 spend on KlookEarn up to S$10 rebate on contactless paymentsUOB PRVI Miles American Express Card is the only luxury travel card with a fee waiver, allowing above-average spenders to take advantage of high rates, great perks, and even bonus miles without added cost. Cardholders earn 1.4 miles per S$1 locally, 2.4 miles overseas, and 10 miles with major airlines & hotels–rates equal to (or higher than) most pricy travel cards’. In addition, cardholders receive free travel insurance, free airport transfers and more.Competitors charge up to S$500+ unwaivable fees for such rates and perks, but UOB PRVI Miles Cardholders receive a fee-waiver with just S$50,000 annual spend. At this spending level, cardholders even receive an extra 20,000 bonus miles, worth about S$200. If you’re able to hit this spend level and want to rapidly accrue miles, there is no better alternative than UOB PRVI Miles Card.Read Our Full ReviewOverview of Card DetailsAnnual fee: S$256.8, 1-year waiver, subsequently with S$50,000 annual spend20,000 bonus annual renewal miles (worth S$200) with S$50,000 annual spend1.4 miles per S$1 local spend, 2.4 miles overseas, 10 miles at major airlines & airports8 free limo transfers & free travel insuranceUOB PRVI Travel Butler & Amex EssentialsBest No-Fee Credit Cards for Lower SpendersIf you have a lower budget or are looking for a complimentary credit card to reward a smaller portion of your total spend, the following cards offer great options with low minimum spend requirements, respectable rates, and easy fee-waivers.Best Rebate Credit Card for Young Online Shoppers: OCBC Frank CardLearn MoreConsider this if you frequently spend money shopping for luxury goods and entertainmentmore detailsPromotions:Earn S$50 rebate w/ card approvalReceive 1 free night stay at M Social Singapore after S$400 min. spendYoung adults with lower monthly spend are most likely to maximize their cash back with OCBC Frank Card. Unlike its competitor card (which has an S$600 minimum requirement), OCBC Frank allows cardholders to access its higher rates after just S$400 offline spend. Consumers earn 6% rebate on online spend, 5% on weekend entertainment and at select cafes (3% on weekdays), and 3% on NETS FlashPay Auto Top-Ups, up to a respectable S$60/month.OCBC Frank Card also stands apart from its closest competitor by offering a fee waiver. With just S$10,000 annual spend, cardholders are exempt from the S$80 fee, which itself is fairly low. If you’re looking for a card that rewards online shopping and entertainment without a lofty spend requirement, OCBC Frank Card is the best and most affordable option.Read Our Full ReviewOverview of Card DetailsAnnual fee: S$80.0, 2-year waiver, subsequently with S$10,000 annual spend6% rebate on online spend5% weekend rebate on local entertainment & select cafes (3% weekdays)3% rebate on first 2 NETS FlashPay Auto Top-UpsUp to 16% fuel savings with Caltex, 14% with EssoBest Cashback Card for Low, Local Budgets: Maybank Platinum Visa CardLearn MoreConsider this if you spend S$300 to S$500 per monthmore detailsPromotions:Receive free American Tourister Luggage w/ S$300 monthly spend for 2mo (req. both card + Creditable applications)If you’re looking for cashback after just S$300 local spend–maybe for a lower budget, or as a complement to a travel card–Maybank Platinum Visa Card is the only rebate card that can truly maximize your earnings while also waiving its fee. Almost all cashback cards require minimums of S$400+ (at the very least) to earn rewards beyond the base rate (usually 0.3%). With Maybank Platinum Visa Card, you can earn S$30/quarter after just S$300 local monthly spend, equal to S$1,200/year. Compare this to S$3.6/year, earned for the same spend but at the base rate.Cardholders can also earn S$100/quarter with S$1,000/month spend, but at this spending level, alternative cards are more competitive. In addition, foreign currency transactions earn just 0.3% rebate, so this card is definitely for local spenders. However, Maybank Platinum Visa Card is ultimately the best option for low spenders because it even has a fee waiver–3 years, then with card use (at least 1x/quarter). Maybank Platinum Visa Card is the only card that offers such high rates after such a low minimum, with no annual fee.Read Our Full ReviewOverview of Card DetailsQuarterly service fee: S$20.0, 3-year waiver, subsequently with card use at least 1x/quarterS$30 quarterly rebate with at least S$300 monthly spend (local only)S$100 quarterly rebate with at least S$1,000 monthly spend (local only)0.3% rebate on overseas spend, capped at S$50/monthLocal spend below S$300 minimum does not earn rebateNo minimum spend requirement for an overseas rebateFree travel insuranceBest No-Fee Credit Cards for High SpendersHigh spenders shouldn’t have to pay high annual fees. The following cards offer unlimited & maintenance-free earning potential, without the hassle of added cost.Best Flat Rebate Card for HSBC Banking Customers: HSBC Advance CardLearn MoreConsider this if you spend at least S$3,500 per month and are open to a bank account with HSBCmore detailsPromotions:Receive Samsonite T5 68cm Spinner luggage or S$150 cashbackIf you’re open to having an HSBC Advance banking account and spend S$3,500/month, HSBC Advance Card is the best option to maximize cashback on all of your spend. As an Advance customer, you earn 3.5% flat cashback after S$2,000 spent (2.5% if below), up to S$125/month. This is the highest earning potential on the market for capped cashback cards. Additionally, the annual fee is waived for Advance customers, making the card completely maintenance-free.Non-Advance customers receive less competitive rates–2.5% flat cashback with S$2,000 spend (1.5% if below), up to S$70/month–and are also charged an S$192.6 fee. For this reason, we’d definitely recommend checking to see if you’d qualify for an HSBC Advance account. If you do, HSBC Advance Card is the best option for maximizing cashback on above-average spend.Read Our Full ReviewOverview of Card DetailsAnnual fee: S$180.0, waived for Advance banking customersUp to 3.5% flat rebate for Advance customers (2.5% for others)Up to 16% fuel savings with Caltex, 14% with ShellBest Unlimited Cashback Card for Local Spenders: Maybank FC Barcelona Visa Signature CardLearn MoreConsider this if you want to earn an unlimited amount of cash rebate without paying an annual feemore detailsPromotions:Receive free American Tourister Luggage w/ S$300 monthly spend for 2mo (req. both card + Creditable applications)If you’re an affluent, local spender seeking unlimited cashback, Maybank FC Barcelona Visa Signature Card is the top option on the market. All local spend earns 1.6% cashback–higher than the market standard of 1.5%. With a higher rate and no rebate cap, cardholders can earn more quickly while still enjoying unlimited rewards potential. Foreign currency transactions earn just 2 pts per S$1 (equal to 0.8 miles, or about 0.8% cashback), so this card is best for local spenders.Maybank FC Barcelona Card also has an easy fee-waiver. Cardholders are exempt from the S$120 fee with just S$10,000 annual spend. Additional benefits include discounts of up to 10% on FC Barcelona official stores. Ultimately, high-spenders with predominantly local budgets can quickly earn unlimited cash back with Maybank FC Barcelona Card, while also avoiding annual fees.Read Our Full ReviewOverview of Card DetailsAnnual fee: S$120.0, waived with S$10,000 annual spendUnlimited 1.6% rebate on local spend2 Pts (0.8 miles) per S$1 on foreign currency transactionsUp to 10% discount at FC Barcelona official storesFree travel insuranceBest Unlimited Cashback Card for Travellers: CIMB Visa Infinite CardConsider this if you want a no-fee cash back card for travelingmore detailsPromotions:Up to 10% off bookings with Expedia & Booking, 8% with AgodaIf you’re an affluent traveler interested in earning cash back (rather than miles), CIMB Visa Infinite Card is an excellent, no-fee way to earn on all spend. Cardholders earn 1% unlimited cash back on all spend, bumped to 2% for travel expenses (hotels, airlines, travel agencies & more) after an S$2,000 minimum threshold. Competitor cards offer 1.5% flat cash back, so frequent travelers are far more likely to benefit from CIMB Visa Infinite Card. Most competitors also charge S$170+ fees, while CIMB Visa Infinite Card is free forever.Another reason CIMB Visa Infinite Card stands out is that it offers travel perks rarely found with cashback cards. Cardholders receive free travel insurance, lounge access, discounted limo transfers and more, which pairs nicely with the great rewards rates for travel spend. Ultimately, if you spend a great deal on travel and would like to avoid both rewards caps and annual fees, CIMB Visa Infinite is the best option for you.Read Our Full ReviewOverview of Card DetailsAnnual fee: FreeUnlimited 2% cashback on all travel expenses, foreign currency transactions & overseas spendUnlimited 1% cashback on all other spendsFree travel insurance, 3x lounge access, discounted limo transfersCIMB 0% Interest i.Pay Instalment PlanBest No-Fee Credit Cards for Online & ShoppingWhether you mostly shop for retail or pay for bills and essentials online, we’ve found a few excellent cards that can maximize your rewards without charging you an annual fee.Best Miles Credit Card for Retail Shoppers: OCBC Titanium Rewards CardLearn MoreConsider this if you want to accrue miles from your shopping purchasesmore detailsPromotions:Earn S$50 rebate w/ card approvalUp to 2% cash rebate at BEST DenkiIf you’re a frequent retail shopper, look no further than OCBC Titanium Rewards Card–the most flexible and comprehensive shopper card on the market, with the added benefits of high rates and an easily waived fee. Cardholders earn 10 points (4 miles) per S$1 spend on retail, department stores, and electronics–plus on a variety of retail merchants, from Amazon to Qoo10 & more. Consumers can earn rewards locally, overseas, online and offline, with no minimum spend requirement. This flexibility makes it easy for average spenders to quickly achieve the 4,000 miles/month earnings cap.Cardholders can also avoid the S$192.6 fee with just S$10,000 annual spend. Competitor cards do not offer a fee-waiver, so OCBC Titanium Card is the best option for shoppers looking for flexibility paired with no annual fees.Read Our Full ReviewOverview of Card DetailsOverview of Card DetailsAnnual fee: S$192.6, 2-year waiver, subsequently with S$10,000 annual spend10 Pts (4 miles) per S$1 spend on fashion retail, department stores, electronics & select merchants (online, offline, locally & overseas)Discounted airport lounge & JetQuay Quayside accessUp to 16% fuel savings with Caltex, 14% with EssoBest Credit Card for Online & Social Spenders: HSBC Revolution CardLearn MoreConsider this if you spend mostly on shopping, dining, and entertainmentmore detailsPromotions:Receive Samsonite T5 68cm Spinner luggage or S$150 cashbackHSBC Revolution Card is one of the best miles-earning cards for social spenders who tend to make many purchases online. Cardholders earn 2 miles per S$1 spend on local dining & entertainment, and have access to a myriad of regional deals and discounts. More uniquely, cardholders also earn this rewards rate for online spend, including on travel bookings, transit payments, and recurring bills. These expenses are almost always excluded from earning rewards from other cards. There are no minimum spend requirements and earnings are unlimited, making HSBC Revolution Card a great match for many budgets. And, if that wasn’t enough, the S$160.5 fee is waived with S$12,500 annual spend. HSBC Revolution Card is both extremely accessible and a great way for social and online spenders to maximize rewards from their monthly budget.Read Our Full ReviewOverview of Card DetailsAnnual fee: S$160.5, 2-year waiver, subsequently with S$12,500 annual spend2 miles per S$1 spend on local dining & entertainment, online spend (unlimited)Online rate includes travel bookings, recurring bills & transit paymentsNo minimum spend requirementUp to 16% fuel savings with Caltex, 14% with ShellBest Shoppers Card with 0% Instalment Plan: DBS Woman’s World MasterCardLearn MoreConsider this if you need to make a large purchase that you can't immediately affordmore detailsPromotions:Up to 10% off hotel bookings with ExpediaComplimentary use of Quayside for 1 trip service (cardholder + 1 companion)DBS Woman’s World Card is a great option for average spenders seeking rewards for online shopping. Cardholders earn 4 miles per S$1 spend in this category, up to 8,000 miles/month (about S$80 value-to-consumer). In addition, cardholders can split payments for their larger purchases into installments across up to 12 months, with 0% interest and no processing fee. While general spend earns just 0.4 miles per S$1 locally, 1.2 miles overseas, frequent online shoppers who spend at least S$25,000 annually are exempt from the S$192.6 fee. For these shoppers, DBS Woman’s World Card offers easy and accessible rewards without added maintenance or cost.Read Our Full ReviewOverview of Card DetailsAnnual fee: S$192.6, 1-year waiver, subsequently with S$25,000 annual spend4 miles per S$1 spend on online shoppingDBS My Preferred Payment Plan (0% interest installments)Hertz Gold Plus Rewards membership & access to QuaysideUp to 15% fuel savings with SPC, 14% with EssoBest No-Fee Credit Cards for Golf & LeisureCredit cards with golfing privileges are great–no-fee credit cards that offer exceptional rewards opportunities and travel perks, as well as golfing privileges, are even better. We’ve identified the top no-fee credit cards for avid golfers below.Best Miles Credit Card for Golfers: Maybank World MasterCardLearn MoreConsider this if you are an avid golfer who travels frequently to golf clubs worldwidemore detailsPromotions:Receive free American Tourister Luggage w/ S$400 monthly spend for 2moWith Maybank World MasterCard, golfers can enjoy the most comprehensive golfing privileges on the market and possibly avoid paying an annual fee. Cardholders receive 2 complimentary green fees per month at 120 fairways across 25 countries–triple the amount offered by the top competitor card. Consumers can also earn 10 points (4 miles) per S$1 spend on select dining & retail merchants. Additional perks include free travel insurance and lounge access. Ultimately, cardholders can even avoid the S$240 fee by spending S$24,000/year. While this may seem substantial, spend on supplementary cards adds towards total spend, making it easier to reach this threshold. Maybank World MasterCard is an excellent option for people who prioritize golfing privileges and enjoy luxury shopping.Read Our Full ReviewOverview of Card DetailsAnnual fee: S$240.0, 1-year waiver, subsequently with S$24,000 annual spend10 pts (4 miles) per S$1 spend with select dining & retail merchants2 complimentary green fees/month at 120 fairways worldwideFree travel insurance, lounge access & global conciergeUp to 19.1% fuel savings on petrol in SingaporeBest Cashback Credit Card for Golfers: CIMB World MasterCardConsider this if you want a free credit card with golf benefitsmore detailsPromotions:Up to 10% off bookings with Expedia & Booking, 8% with AgodaCIMB World MasterCard is the absolute best card on the market for affluent golfers looking to balance top-notch privileges with unlimited cashback rewards. While competitor cards narrow earning potential with merchant restrictions, CIMB World MasterCard offers unlimited 2% cashback with all vendors across a variety of categories: wine & dining, entertainment, recreation, automobile & parking, petrol, and spend at duty-free stores.This 2% rate is higher than the flat 1.5% offered by other unlimited cash back cards, and unlike these cards, CIMB World MasterCard is free forever. And, cardholders receive some of the best-golfing privileges on the market, including complimentary green fees across 40 fairways in SE Asia. Consumers can play up to 4 flights per course per year, or up to 160 games; competitor cards offer access to more fairways, but flights are limited to 24 per year. Ultimately, CIMB World MasterCard is the best no-fee option to both earn unlimited cashback and enjoy top golfing privileges.Read Our Full ReviewOverview of Card DetailsAnnual fee: FreeUnlimited 2% cashback on wine & dining, entertainment, recreation, automobile & parking, petrol, and duty-free stores spend (locally & overseas)Unlimited 1.5% cashback on all other spendsComplimentary green fees at 40 fairways in SE AsiaFree travel insurance, access to MasterCard Airport ExperiencesCIMB 0% Interest i.Pay Instalment PlanBest No-Fee Card for Cashback + Miles: HSBC Visa Platinum CardLearn MoreConsider this if you spend at least S$600/month and want to earn both cash rebates and milesmore detailsPromotions:Receive Samsonite T5 68cm Spinner luggage or S$150 cashbackHSBC Visa Platinum Card is the best card on the market for earning both cashback and miles, especially if you’re looking to avoid an annual fee. Cardholders earn 5% cashback on local dining, groceries, and petrol after just S$600 minimum spend. All other spend earns 0.4 miles per S$1, with no minimum spend requirement. While this is on the lower side, it’s worth pointing out that the rebate covers the top spend categories in the average consumer’s budget. In addition, cardholders can earn up to S$83/month (S$250/quarter) which is fairly high.Another reason HSBC Visa Platinum Card stands out is that cardholders can earn a waiver for the S$192.6 fee with just S$12,500 annual spend. Ultimately, this card is the best option for versatile rewards on core local spending, especially if you spend enough to earn the fee-waiver.Read Our Full ReviewOverview of Card DetailsAnnual fee: S$192.6, 2-year waiver, subsequently with S$12,500 annual spend5% cashback on local dining. groceries & petrol (up to S$250/quarter)0.4 miles per S$1 general spend, unlimitedUp to 21% fuel savings with Caltex, Shell (including 5% card rebate)Best No-Fee Card for Health, Transport & Dining: CIMB Platinum MasterCardConsider this if you want a specialized rebate credit card for health, transport, and diningmore detailsPromotions:Up to 10% off bookings with Expedia & Booking, 8% with AgodaCIMB Platinum MasterCard is an especially unique card, combining exceptional rewards for medical expenses, transport, dining & more. Each of these categories–as well as travel, spend in foreign currency and electronics/furnishings purchases– earns 10% cashback, up to a cumulative S$100/month. Very few credit cards reward health or home improvement spends, especially at such high rates–making CIMB Platinum MC truly stand-out. Even more, while there's an S$800 minimum spend requirement, there's no annual fee, making CIMB Platinum MC an excellent option for those seeking a low-risk, no-maintenance credit card.Read Our Full ReviewOverview of Card DetailsAnnual fee: Free10% cashback on medical, transport & petrol, dining, overseas travel & select electronics/furnishings vendorsCIMB 0% Interest i.Pay Instalment PlanNo-Fee Cashback for Beauty & Online Fashion: CIMB Visa Signature CardConsider this if you want a no-fee credit card for beauty, online fashion & moremore detailsPromotions:Up to 10% off bookings with Expedia & Booking, 8% with AgodaCIMB Visa Signature Card is a great option for grocery-shoppers seeking cashback for discretionary spend. Groceries, online shopping, beauty, pet care, and transactions with cruise lines all earn 10% rebate, up to S$20/category. This adds up to a potential S$100/month–quite respectable given market standards–through accessing these rates requires an S$800 minimum spend. It's also worth mentioning that CIMB Visa Signature is exceptionally low-risk and low-maintenance, as there's no annual fee. This means consumers who only periodically shop these categories can still benefit from the high rebate rates.Read Our Full ReviewOverview of Card DetailsAnnual fee: Free10% cashback on groceries, online shopping, beauty, pet care & cruise linesFree travel insurance & global conciergeCIMB 0% Interest i.Pay Instalment PlanSummary of Best No-Fee Credit Cards 2019Below, we've prepared a summary of our picks for the best no-fee credit cards for 2019.CardBest for...Annual FeeOCBC 365Everyday & FamilyS$192.6 (waiver)Learn MoreMaybank F&FSpend in SG & MYS$180.0 (waiver)Learn MoreUOB PRVI MilesRapid MilesS$256.8 (waiver)Learn MoreMaybank Horizon VisaMiles for Local SpendS$180.0 (waiver)Learn MoreOCBC FrankSocial Young AdultS$80.0 (waiver)Learn MoreMaybank Plat VisaVery Low SpendersS$20.0 (waiver)Learn MoreHSBC Advance CardAffluent Spenders, No-FeeS$180.0 (waiver)Learn MoreHSBC RevolutionOnline & Social SpendS$160.5 (waiver)Learn MoreOCBC TitaniumFashion & RetailS$192.6 (waiver)Learn MoreCompare the Best No-Fee Credit Cards by Dollar ValueBelow, we prepared a visual illustration of the dollar value of the best no-fee credit cards in Singapore. Generally, dollar values* range from S$500 to S$2,000 over 2 years for someone who spends S$2,000 on the card every month. Remember, this is an approximate value based on an estimate of the average consumer's spending habits and may differ in actual result depending on your unique set of expenditures.Best No Annual Fee Credit Cards in Singapore by Estimated 2-Year Dollar ValueFootnotes*ValueChampion calculates the dollar value of rewards based on S$2,000 of monthly spending. We sum the value of points, miles, and cash back in dollar terms and subtract the annual fee over a 24-month period. The estimates here are ValueChampion's alone and have not been reviewed, approved or otherwise endorsed by the credit card issuer.Carrie ArndtCarrie is a Senior Analyst at ValueChampion, specializing in credit cards in Singapore. She previously led consumer studies worldwide as a Senior Research Executive at MMR Research.

The ACRA requires that businesses in Singapore set up a bank account. It can get a little confusing given that there are so many options to choose from. We've ranked the top four banks in Singapore: DBS, Maybank, OCBC, and UOB as well as a great new solution: Transferwise. Jul 1, 2019So I have included below how to go about opening a corporate bank account, and then which banks are the best banks in Singapore. I hope this works for you. Thanks for your questionOpening a Corporate Bank Account in Singapore[Singapore companies have plenty of options when it comes to opening a corporate bank account. Most of the banks in Singapore offer attractive features such as multi-currency accounts, internet banking, credit cards, trade financing, freedom to move funds across countries, and more. Opening a corporate bank account in Singapore is a relatively simple and straightforward procedure. However, it is important to compare the corporate account's features of the various banks in order to select the bank that comes closest to meeting the particular needs of your company.The purpose of this guide is to provide an overview of the requirements for opening an account and will assist you in choosing a bank that best matches the banking needs of your company. The focus of this guide is on the banking needs of small to mid-size companies.Note that the information presented here is for general guidance only. Once you have narrowed down your choice to a few banks, you should confirm the account features with the respective bank(s) directly, to ensure you are aware of their latest policies and offerings. Banks operate in a very competitive environment and are periodically adjusting their offerings to remain competitive.Singapore Account Opening RequirementsIn general, most banks have the following requirements for opening a corporate bank account in Singapore:1) Many banks require that the account signatories and majority directors be physically present in Singapore for paperwork signing at the time of opening the company bank account. Some banks may accept the signing of documents at one of their overseas branches or in front of a Notary Public.2) Typically, the banks would require the documents listed below. Additional documents may be required by the bank on a case-by-case basis.Completed Corporate Account Opening Forms (signed by authorized signatories as per the board resolution)Board of Directors Resolution sanctioning the opening of the account and the signatories to the account (to be prepared by your company secretary)Certified True Copy of Resolution sanctioning the opening of the account and the signatories to the account (most of the banks have their own format and you just need to sign it)Certified True Copy of Certificate of Incorporation (must be certified by the company secretary or one of the directors)Certified True Copy of Company’s Business Profile from Company Registrar (must be certified by the company secretary or one of the directors)Certified True Copy of Company’s Memorandum and Articles of Association (MAA) (must be certified by the company secretary or one of the directors)Certified True Copies of Passport (or Singapore IC) and Residential Address Proof of the Directors, Signatories, and Ultimate Beneficiary Owners. If you are in Singapore, just bring the originals and the bank will make a copy.Local Banks in SingaporeFeatureFeatureDBSOCBCCan the account be opened without being physically present in Singapore?** Physical presence is strongly recommended for all the banks to avoid delays.No. The executive director and authorized signatory must be present, for a face-to-face meeting. However, some exceptions may be made on a case by case basis subject to the bank’s discretion.DBS Bank offers online applications where you can potentially skip the branch visit and save time – account verification can be done over Facetime/Skype or a phone call, subject to the bank’s conditions.No. The executive director and authorized signatory must be present, for a face-to-face meeting. However, some exceptions may be made on a case by case basis subject to the bank’s discretion.Singapore Dollar Current AccountSetup feeNoneNone. However, there is an account fee of S$38 per month (waived for 1st 3 months)Deposit requiredS$1,000 to S$3,000S$3,000Minimum balance requiredDBS Digital Business Account has no minimum balance requirement.DBS Business Account requires an average monthly balance of S$10,000, or S$35 monthly fee will apply.Average monthly balance of S$5,000 (waived for 1st 6 months). Thereafter, S$35 per month if monthly average balance falls below S$5,000.Debit cardYes, no annual fees. Earn 0.3% cash rebate on all charges.Yes, with S$5,000 daily cash withdrawal limit and with S$10,000 daily debit card transaction limit.Cheque bookS$25/book for DBS Digital Business Account.Free-of-charge with DBS Business Account.YesCredit cardYes, subject to approval**For local entities.No. Debit card available linked to SGD account.Internet bankingYes, free access. Inquiries, local payments, overseas payments. No max transaction amount limit (unless set by the customer). Full transactional capabilities on desktop and mobile app versions.Yes. Inquiries, local payments, overseas payments. No max transaction amount limit (unless set by the customer).Foreign Currency AccountForeign currency account availabilityBoth current account and fixed deposit account available in major currencies.Both current account and fixed deposit account available in major currencies.Initial deposit requiredVaries based on currency (For example, USD1,000 and EUR8,00).Varies based on currency (For example, USD1,000 and EUR1,000).Minimum balanceVaries based on currency (For example, USD1,000 and EUR800).Depends on the currency type, normally equivalent to US$500/EUR500.Cheque bookYes, for certain currencies.Yes, for USD.Debit CardYes.No.Internet bankingYes, free access. Inquiries, local payments, overseas payments. No max transaction amount limit (unless set by the customer). Full transactional capabilities on desktop and mobile app versions including DealOnline FX platform.Yes. Inquiries, local payments, overseas payments. No max transaction amount limit (unless set by the customer).Credit CardYes, subject to approval.No.Related ServicesBusiness InsuranceYesYesTreasury Services: FX Spots, Bonds, IR Swaps, FX Options, Futures, Forwards, etc.YesYesBusiness Loans**Generally the entity must have been in operation for a minimum of 1-3 yearsYes. The loan amount depends on factors such as company history, number of employees, local shareholding, etc.Yes. The loan amount depends on factors such as company history, number of employees, local shareholding, etc.Accounts Payable Services: cashier’s order, DD, TT, interbank GIRO payment, internal fund transfer, cheque issuance servicesYesYesAccounts Receivable Services: incoming TT, bill payment services, GIRO CollectionsYesYesLiquidity Management ServicesYesYesTrade Finance Services: Import Products, Export Products, Bank GuaranteesYesYesInternational Banks in SingaporeFeatureMaybank (FlexiBiz)Standard CharteredCitiBank (CitiBusiness)Can the account be opened without being physically present in Singapore?** Physical presence is strongly recommended for all the banks to avoid delays.We require face to face meeting for all authorized signatories in account opening as part of our due diligence process. However, in exceptional cases where one of the directors (not major shareholder nor authorized signatory) is unable to come to Singapore, we can arrange for the client to visit one of our overseas branches (London, New York, Hong Kong, China, Malaysia, Indonesia, Philippines, Cambodia, Vietnam, Laos & Myanmar) where they will assist to verify the documents and signature before sending back to Singapore for processing.No. The executive director and authorized signatory must be present, for the due diligence meeting with the bank officer. However, some exceptions may be made subject to the bank’s discretion – e.g. existing customers can go to the bank’s branch or appointed agent worldwide, for identification verification and due diligence teleconference.No. The executive director and authorized signatory must be present, for a face-to-face meeting. However, some exceptions may be made on a case by case basis subject to the bank’s discretion.Singapore Dollar Current AccountSetup feeNilNoneNilInitial deposit requiredS$1,000S$30,000S$100,000 or equivalent (USD equivalent for USD account).Minimum balance requiredNil.Average monthly balance of S$30,000; or S$50 monthly fee will apply.S$50,000 or S$100 monthly fee will apply (same applies for both SGD and USD account).*Minimum balance is based on total relationship balance rather than per account.ATM cardNo.No.Nil.Cheque bookYes.Yes.Yes.Credit cardYes^No. Debit card available (only linked to SGD).Corporate commercial cards available.Internet bankingYes.Yes. One-off setup fee of S$50 will apply.Foreign Currency AccountForeign currency account availabilityUSD, GBP, EUR, CAD, AUD, NZD, HKDBoth current account and fixed deposit account available in major currencies.Both current account and fixed deposit account available in major currencies.Initial deposit$1,000 (in respective currencies, except for HKD $10,000).US$30,000 (Varies based on currency).S$100,000 or equivalent (USD equivalent for USD account).Minimum balance$1,000 (in respective currencies, except for HKD $10,000).Varies based on currency.Average monthly balance of US$200,000 or S$200 monthly fee will apply*Minimum balance is based on total relationship balance rather than per account.Cheque bookFor USD only.For USD only.Yes.ATM CardNo.No.Nil.Internet bankingYes.Yes. One-off setup fee of S$50 will apply.Yes.Related ServicesBusiness InsuranceYes.Yes.No.Treasury Services: FX Spots, Bonds, IR Swaps, FX Options, Futures, Forwards, etc.Yes.Yes, depending on business activities.Yes.Business LoansYes. Generally, the entity must have been in operation for a minimum of 1-3 years.Yes. The loan amount depends on factors such as company history, number of employees, local shareholding, etc. Minimum 3 years of financial statements required.Yes. Subject to the bank’s assessment.Accounts Payable Services: cashier’s order, DD, TT, interbank GIRO payment, internal fund transfer, cheque issuance servicesYes.Yes.Yes.Accounts Receivable Services: incoming TT, bill payment services, GIRO CollectionsYes.Yes.Yes.Liquidity Management ServicesYes.Info not available.Yes.Trade Finance Services: Import Products, Export Products, Bank GuaranteesYes.Yes.Yes.^ Maybank provides a business credit card with the following criteria:Director(s) must be aged between 21 and 60; Company must be registered in Singapore (ACRA) with at least one local Director (Singaporean or Singapore PR); Company must be in operation for at least 2 years, with an annual sales turnover of at least S$200,000; If newly incorporated, alternative option is to apply for a business credit card fully secured via time deposit with the bank (Min S$10K limit).In SummaryAlmost all major banks of the world have their presence in Singapore. Banks are generally happy to open a corporate bank account for any company (whether Singapore or offshore) as long as the necessary paperwork is submitted and the banks are satisfied with the information provided for purposes of their internal due diligence.Need help to open a Singapore bank account?Hawksford offers unparalleled subject-matter expertise and comprehensive end-to-end support for all manner of establishing and managing a business in Singapore.FIND OUT HOW HAWKSFORD CAN HELPBest Business Bank Accounts in Singapore: DBS, OCBC, or UOB?BY: GORDON NG May 31, 2017Apart from its strict laws and multicultural society, Singapore is well known for its established and diverse financial sector. Ranked one of the most competitive financial centers in the world, the island republic is set to become even more attractive to businesses as it eagerly welcomes the digital age. While the Singapore government pushes the boundaries with its Smart Nation initiative, banks are taking the cue and becoming more innovative with their processes. This has resulted in the rapid growth of the FinTech industry, meaning that setting up a business entity in Singapore is now just a few clicks away.First things first: The sign-upWhere the general experience with opening an account is concerned, DBS wins hands-down. It takes 5 minutes to apply for a DBS Business Account from the DBS site, as opposed to waiting hours in a queue at OCBC and UOB. Applying for a DBS Business Account has been one of my favorite banking experiences and it shows DBS’ commitment to being the best digital bank in the world.Between OCBC and UOB, I prefer OCBC, as you can arrange for a meeting with your assigned Relationship Manager (RM) to get your documents done. Nonetheless, both OCBC and UOB require you to be present to sign thick stacks of documents. With DBS on the other hand, everything is done online and the paperwork is minimal. Even better, it’s system can connect to ACRA and retrieve your company’s information to autofill some of the fields. How useful!Look through the slides for a general feel of DBS and OCBC’s digital platformsUser-friendlinessComing from an HR tech company, I naturally paid attention to the user interface and user experience (UI/UX) of the different platforms as well.In my opinion, OCBC Velocity has the best UI/UX, followed by DBS IDEAL and lastly, UOB BIB Plus. OCBC’s previous design had too many unnecessary steps on their platform, and after a revamp around 2014, the whole experience has become very pleasant. The system takes you from A to B within a few clicks, whether you’re transferring funds or disbursing salaries. DBS IDEAL hasn’t changed much since it was launched, but I must applaud their new digital token product, which you can access on your mobile phone. That has saved me the hassle of carrying a token everywhere I go. As for UOB BIB Plus, the system was not intuitive enough, and that meant having to fill in many fields and select from many drop-down menus to get my work done.How the DBS IDEAL digital token worksCost comparison of digital business accountsIn an effort to streamline their operations and cut down on manual work, the banks have implemented a new generation of business accounts. DBS started a fully online digital business account called DBS Digital Business, which eliminates any manual transactions. OCBC and UOB followed with their own versions of digital accounts shortly after:Making the best choice for yourselfHaving tried out all three platforms, I’d say DBS and OCBC have the best UI/UX and setup processes, with DBS edging out the rest thanks to their speedy setup time and digital mobile token. I also had a pleasant experience with the customer service representative at DBS when I opened a business bank account with them. What has your experience been like so far, fellow entrepreneurs?