Get a FREE PlayStation 5 Disc Version (worth $799) or the Dyson Airwrap (worth $859) when you apply for selected credit card from 28 Mar – 7 Apr 24

Ask us questions, discover the latest offers & more on Telegram.

We’ve got some thrilling news for you! SingSaver and SCB are teaming up to bring you an exciting Lightning Deal!

From 28 March to 7 April 2024, you have the chance to seize fantastic prizes like the PlayStation 5 Disc Version (worth $799) or the Dyson Airwrap (worth $859). Act fast, as the deal kicks off on 28 March at 3 pm!

Here’s what you need to know:

  • The first 500 applicants for the Standard Chartered Simply Cash Credit Card from 28 Mar, 3pm, will have the privilege to choose between these amazing rewards.
  • To qualify, spend a minimum of S$500 within 30 days of card activation and approval.

Winners will be announced on SingSaver’s contest winners page by September 2024.

Don’t worry if you are not the first 500! You can still choose from exclusive SingSaver gifts, such as:

  • Dyson SuperSonic (worth S$699)
  • Nintendo Switch OLED (worth S$549)
  • Apple iPad 9th Gen 10.2 Wifi 64GB (worth S$508.30)
  • S$330 cashback and up to S$90 e-Capita Voucher upon activating and spending a minimum of S$500 within 30 days of card approval.

For those who are unfamiliar with SingSaver, you can check out their reviews on Google:

Apply Now

Standard Chartered Simply Cash Credit Card

Apply Now

Elevate your financial journey with the Standard Chartered Simply Cash Credit Card, a gateway to a world of exciting possibilities and unbeatable rewards. Imagine earning a generous 1.5% cashback on all your expenditures, transforming your everyday transactions into a treasure trove of savings. But the benefits don’t stop there – this card is designed to revolutionize the way you manage your finances. Whether it’s settling your IRAS dues, investing in education, securing insurance coverage, or managing rental payments, the Simply Cash Credit Card showers you with not just cashback, but also reward points and even bonus interest.

First 500th applicant: Receive a PlayStation 5 Disc Version (worth S$799) or Dyson Airwrap (worth S$859) or S$500 e-capita Vouchers

501th applicant onwards: Receive a Dyson SuperSonic (worth S$699) or Nintendo Switch OLED (worth S$549) or Apple iPad 9th Gen 10.2 Wifi 64GB (worth S$508.30) or S$330 and get up to S$90 e-capitaland voucher

Requirements: Activate and spend a minimum S$500 within 30 days of card approval. New-to-bank customers.

How to redeem your rewards:

  1. Search for any of the cards that matches your spending habits
  2. Click on Apply Now and Enter your email address on the new page (SingSaver will be sending the redemption instructions here. Check SPAM folder if you don’t receive any emails)
  3. Click Apply via SingSaver’s unique link
  4. Complete the application form from the bank and remember to take a screenshot upon completion so you can take note of the application reference number (ARN). Here’s where to find it.
  5. Submit your Rewards Redemption Form and Choose your preferred rewards and submit the form.
  6. Important: If you did not received the Rewards Redemption Form, please check your SPAM folder in your email OR drop and email to [email protected] with your application details.
  7. Once you fulfill all the requirements (i.e. meeting the $500 mininum spend in 30 days from card approval), please allow some time for SingSaver and the bank to validate. Click here to understand more about the process.

You may also click here to check on the rewards redemption status.

For redemption follow-ups and enquiries, drop an email with your details to [email protected]

This promotion is not affiliated, associated, authorized, endorsed by, or in any way officially connected with Sony, Apple, Dyson, Nintendo or any of its subsidiaries or its affiliates. The names Sony, Apple, Dyson, Nintendo as well as related names are registered trademarks of their respective owners. 

Read More...

Driving Savings: Navigating the World of Petrol Credit Card Discounts

In the bustling rhythm of modern life, where every penny counts, finding ways to save money on essential expenses is a quest many embark upon. One such avenue that has gained prominence is leveraging petrol credit card discounts. As fuel prices continue to fluctuate, these discounts offer a glimmer of relief for motorists worldwide. But what exactly are petrol credit card discounts, how do they work, and are they worth it? Let’s dive into the world of fuel savings.

What are Petrol Credit Card Discounts?

In essence, petrol credit card discounts are incentives provided by credit card issuers to cardholders for purchasing fuel using their credit cards. These discounts typically come in the form of cashback, rewards points, or direct discounts on the fuel purchase amount. The idea is simple: the more you spend on fuel using your credit card, the more you save through a petrol credit card discount.

How Do They Work?

The mechanics behind petrol credit card discounts vary depending on the credit card issuer and the specific terms and conditions of the card. However, the basic premise remains consistent across most offerings.

When you use a petrol credit card to purchase fuel at a participating petrol station, the discount is applied automatically at the point of sale. This can be in the form of an instant discount where a percentage of the fuel purchase amount is deducted before you make the payment. Alternatively, some credit cards offer cashback or rewards points for every fuel purchase, which accumulate over time and can be redeemed later.

Are They Worth It?

The question on many minds is whether petrol credit card discounts are genuinely worth the hype. The answer depends on various factors, including your driving habits, the terms of the credit card, and the prevailing fuel prices.

For frequent drivers who cover significant distances regularly, petrol credit card discounts can translate into substantial savings over time. Even a modest discount of a few percent can add up to significant savings, especially considering the rising cost of fuel.

However, it’s essential to read the fine print before jumping on the bandwagon. Some petrol credit cards may come with annual fees or high interest rates, which can negate the benefits of the discounts. Additionally, the discount rates and redemption options may vary between different credit cards, so it’s crucial to compare offerings to find the best fit for your needs.

Tips for Maximizing Petrol Credit Card Discounts

If you’ve decided to take advantage of petrol credit card discounts, here are some tips to make the most out of your savings:

Choose the Right Card: Look for a credit card that offers competitive fuel discounts and aligns with your spending habits and financial goals.

Monitor Fuel Prices: Keep an eye on fluctuating fuel prices and plan your refueling strategy accordingly to maximize savings.

Pay in Full: To avoid accruing interest charges, make sure to pay off your credit card balance in full and on time each month.

Combine Discounts: Some credit cards offer additional rewards or cashback on specific categories of spending, such as groceries or dining. Consider using your petrol credit card for these purchases to stack up your savings.

Stay Informed: Stay updated on any promotions or special offers from your credit card issuer to capitalize on additional savings opportunities.

Conclusion

Petrol credit card discounts present a compelling opportunity for motorists to ease the burden of rising fuel costs. By understanding how these discounts work and implementing smart strategies, drivers can unlock significant savings on their fuel expenses. However, it’s essential to approach them with caution, considering factors such as annual fees, interest rates, and redemption options. With the right card and a bit of savvy, petrol credit card discounts can be a valuable tool in your financial arsenal, helping you stretch your budget further and keep your wheels turning smoothly.

Read More...

Why you’re better off with a debit card over a credit card

credit cards in Singapore

We’re sure you’ve seen the ads on those credit card offers.

They make it seem so appealing, like free money!

But before you get blinded by the “rewards,” ask yourself if you’re really ready for a credit card. 

Sure, they can be useful if used properly, but for most people, especially those still building financial stability, it’s probably not that wise.

So allow us to share with you why you’re better off with a debit card over a credit card.

Helps you avoid debt

A debit card is linked directly to your bank account, so you’re only spending money you actually have.

This means there’s zero chance of racking up debt or late fees since the funds are deducted right away.

Using a debit card also helps you budget better since you have a fixed amount of money to work with each week or month.

You can allocate funds accordingly and once it’s gone, it’s gone—so you avoid impulsive big purchases.

With credit, it’s easy to swipe now and worry about the bill later, so you’re less likely to feel the impact of each purchase immediately.

Encourages responsible spending
  • Keep within your budget

Using a debit card helps ensure you don’t go over budget since you have to keep track of your balances to avoid overdrawing.

This makes you think through each purchase and whether it’s necessary.

Credit cards, on the other hand, allow you to spend now and worry about paying for it later which often leads to poor spending decisions.

With a debit card, you develop better budgeting habits and financial discipline since overspending has immediate consequences.

  • Pay in full
a woman holding onto a credit card

Image Credits: unsplash.com

With a debit card, the money for your purchases is deducted right away from your available funds.

You don’t have to worry about interest charges or making monthly payments.

Everything is paid in full.

On the spot.

This can give you peace of mind knowing you don’t owe anything and your spending is kept in check.

Credit cards, however, allow you to pay over time with interest which ends up costing you much more in the long run.

Avoiding unnecessary interest charges

And lastly, there’s no interest applied and no bill to pay later (except maybe for selected BNPL schemes).

With credit cards, the amount you spend is essentially a loan that accrues interest if you don’t pay the full bill on time.

And when those interest charges accumulate, minimum payments barely make a dent in what you owe.

Stick with debit and avoid the stress of a revolving credit card debt.

All in all, a debit card is a better choice if you’re trying to keep your finances in check. Yes, credit cards come with perks, but those rewards aren’t worth it if you can’t pay your bill. A debit card helps you stick to a budget and avoid debt. You will sleep better at night knowing exactly what’s in your bank account rather than worrying if you can cover that next credit card payment. So go for the debit lane and avoid the credit card chaos.

Read More...

Smart Money Hacks for 2024

As we step into the final weeks of 2023, it’s time to break free from old financial habits and embrace money-saving strategies that can boost your income and savings.

ALWAYS HAVE A SHOPPING LIST

Heading into a grocery store without a plan can be a recipe for overspending. We’ve all been there, wandering aimlessly and ending up with a cart full of things we didn’t really need. Avoid this by always carrying a shopping list with you. Having a clear plan in place will help you stick to your budget and make wiser purchasing decisions.

Image Credits: unsplash.com

SEPARATE YOUR SAVINGS ACCOUNT

If impulse shopping has been an issue for you in the past, it’s essential to protect your savings from unnecessary spending. Keep your savings in a separate account, entirely distinct from your day-to-day spending. By creating this barrier, you make it more difficult to dip into your savings impulsively, promoting a healthier financial discipline.

MONITOR YOUR EXPENSES

Stay in control of your finances by cultivating a habit of tracking your expenses. Whenever you receive a paycheck, record it in your budget’s income category. Likewise, make sure to log every expenditure, whether it’s filling up your gas tank or treating yourself to a delightful charcuterie night. By keeping a close eye on your spending, you’ll be able to identify areas where you can save and make necessary adjustments to stay on track.

DELETE SHOPPING APPS

Did you know that 4 out of 5 Singaporeans give in to impulse purchases? With 54% of consumers admitting that shopping on mobile devices has led to increased spending, it’s time to take control. Cut down on impulsive buying by removing those shopping apps from your phone. Instead, opt for online shopping from your laptop or desktop where you can be more intentional with your purchases.

PRACTICE MINDFUL BUYING

Before you hit that “buy” button, take a moment to reflect. Ask yourself, “Is this the right time to make this purchase?” Give yourself some space between the desire to buy and actually making the purchase. Set a specific timeframe for consideration; for instance, commit to not checking out for 24 hours or even a few days after adding items to your cart. This simple money hack can be truly game-changing.

REGULAR BUDGET CHECK-INS

Whether you have ambitious financial goals as a family or just want to stay on top of your finances, communication is key. Schedule regular budget check-ins, either on a weekly or monthly basis, and involve everyone responsible for the family’s finances. By doing so, you can make informed decisions, track your progress, and work together towards achieving your financial objectives. Effective communication about family finances is vital, regardless of your specific goals.

CREATE A MINI-BUDGET FOR UNEXPECTED EXPENSES

No matter how well you manage your finances, there will inevitably be times when unexpected expenses arise. Rather than panicking and derailing your entire budget, it’s best to have a plan in place to handle these situations.

Consider creating a microbudget specifically for handling short-term unexpected expenses. Set aside a portion of your savings to serve as an emergency fund. This way, when unexpected costs arise, you can dip into this fund without disrupting your regular budget or long-term financial goals.

AVOID FREQUENT PHONE UPGRADES

Resist the temptation to constantly upgrade your mobile phone just to keep up with others. Telecommunication companies may entice you with appealing upgrade offers, but remember that you’ll end up paying for that phone through your monthly contract. Instead, focus on choosing a phone that meets your needs and holds its value over time, allowing you to save money in the long run.

REMOVE STORED CREDIT CARD INFORMATION

Increase your mindfulness and avoid impulsive online shopping by refraining from storing your credit card details on websites. When you have to enter your credit card information each time you make a purchase, it provides an essential pause to consider if the expense is necessary.

Image Credits: unsplash.com

Additionally, by not saving your details, you reduce the risk of potential hacking and unauthorized access to your accounts. Keep your online shopping experiences deliberate and secure.

Sources: 1,2, 3, & 4

Read More...

Benefits & Drawbacks of Using Cash Versus Credit Cards in Singapore

KEY HIGHLIGHTS
a. Paying with cash can encourage mindful spending, as it lacks the convenience that credit cards have.
b. Credit cards have security features and a rewards program, which cash does not have.
c. Interest charges and late payment fees can pile up if you don’t pay off your credit card balance on time.

With the easing of travel restrictions, you are hearing more family and friends discuss their latest holiday plans. Some may even brag about the “free upgrades” they received on flights and hotels by using their credit cards’ miles and accumulated points.

If you are feeling tempted to get a credit card to reap its benefits when you travel, remember to do your own due diligence, and understand the pros and cons of using credit cards versus cash. Both credit cards and cash are widely accepted as payment methods in Singapore. It is imperative that you weigh your options and consider your spending habits, before deciding.

BENEFITS OF USING CREDIT CARDS

#1: UNDENIABLE CONVENIENCE

Credit cards allow you to make purchases without carrying cash, which can be more convenient when you need to make large purchases. You do not need to worry about queues at the ATM, or whether you have enough cash in your wallet. Simply swipe the card anytime and anywhere.

#2: REWARDS AND PROMOTIONS

Many credit cards offer promotions and rewards such as cashback, discounts, and points. You can earn rewards by swiping your card for everyday purchases, which can help you save money in the long run. If you play your cards right, you could be one of those people who fly for “free” due to their air miles redemptions. Imagine boarding the plane and redeeming the staycation of your dreams, without any additional spending on top of your usual expenses!

#3: SECURITY FEATURES

Credit cards come with fraud protection features such as receiving a notification for each transaction. This means that if your card is stolen or used illegally, you won’t be liable for charges. Call the credit card issuer immediately to inform them of any unauthorized transaction. Moreover, you can cancel a credit card if it is lost or stolen.

Image Credits: unsplash.com

In contrast, cash does not give consumer protection against fraud and theft. In the unfortunate event that your wallet is stolen, all the cash inside would certainly be gone.

BENEFITS OF USING CASH

#1: NO FEES

While having a credit card does make purchases in foreign currencies seamless, they tend to come with relatively high foreign exchange fees and unfavorable foreign exchange rates. When you use cash, you do not have to fret about paying fees or interest. Furthermore, some retailers offer devices that are cheaper when purchased in cash.

#2: SPENDING CONTROL

At one point or another, you have probably gone down the rabbit hole of splurging on an item that costs more than your budget. When this happens, sticking to your available cash will be your best bet to stay within your means. Using cash can enable you to track your spending and avoid overspending. With a limited amount of cash in your wallet, you are more likely to think twice before making a purchase.

#3: WIDELY ACCEPTED

While credit cards are widely accepted in Singapore, there are still some places where you can only pay with cash. Small local businesses, hawker centres, or street vendors may opt for cash transactions.

Image Credits: unsplash.com

The choice between credit cards and cash comes down to your financial situation and personal preference. If you value convenience, rewards, and security, a credit card may be a better choice. However, if you prefer mindful spending and avoiding fees and hidden charges, then cash may be the way to go.

Sources:1,2, & 3

Read More...