4 Credit Cards with No Annual Fees in Singapore

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4 Credit Cards with No Annual Fees in Singapore

Tired of paying the annual fees on your credit card? You’re not alone. Well, there are some banks that offer credit cards with an annual fee waiver, which means that you won’t have to pay an annual fee for the first year that you own the card. But this is not really the card that you are looking for when you speak of ‘free-for-life’ credit cards.

Related: Have You Understood Your Credit Card Fees?

If you want to be a part of the extremely rewarding world of credit card spending but don’t want to pay the annual fees, check out this list of the top 4 credit cards in Singapore which charge zero annual fees, for life:

1. CIMB World Mastercard

CIMB World Mastercard is one of the few credit cards in Singapore that has no annual fee. The principal cardholder does not have to pay annual fees for the card, while a fee of S$75 p.a. is charged for supplementary cards. The bank even offers a one-year annual fee waiver for the first two supplementary credit cards. The credit card comes with unlimited cash rebates, golf privileges and amazing gourmet discounts.

Most other CIMB credit cards also come with a perpetual annual fee waiver. Check them out here!

2. Maybank eVibes credit card

The Maybank eVibes credit card is more of a student credit card, but it can also be used by those over 21 years of age. The credit card offers 1% cash rebate on every purchase made with the card, apart from discounts on shopping. The best part about the card is that it comes with zero annual fee!

3. NTUC Plus! Visa credit card

This credit card was designed with the purpose of helping families save. The credit card not only gives you discounts on groceries, fuel, telco bills and other purchases, but it also helps you save with its no annual fee feature, as long as you are an NTUC member. Not only is there no annual fee on the primary credit card, you can get three supplementary credit cards for your family for free too!

4. DBS SAFRA credit card

The DBS SAFRA credit card may be less popular but it nonetheless helps you save with cash rebates. It also doubles up as your SAFRA membership card. The credit card offers a 3% cash rebate on online transactions and local MasterCard contactless transactions. No annual fee is charged for this card, but your usual SAFRA membership fees do apply.

Credit cards that have no annual fees are a blessing, as you only have to pay for what you buy and when you use it. Imagine owning a credit card and paying rent on it despite not using it! Bodoh, right? Even if you don’t use the 5 cards mentioned above on a regular basis, you’ll at least have the comfort of knowing that you can get out of a financial emergency with just a dip or a wave.

You might also find this useful: When is it Worthwhile to Pay Your Credit Card’s Annual Fee?

Like BankBazaar on Facebook, or visit BankBazaar.sg to explore more credit cards.



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