Singapore’s banks are rolling out the red carpet for new credit card customers this month, with an array of enticing welcome gifts designed to capture your attention. From luxury travel experiences to substantial cash rewards and coveted tech gadgets, the competition for your business is fierce. It’s a buyer’s market, and consumers stand to benefit from these generous offers.
The question on everyone’s mind is: which credit card promotions offer the most bang for your buck? We’ve compiled a comprehensive overview of the top picks across major financial institutions in Singapore, including Citibank, Standard Chartered, CIMB, UOB, HSBC, American Express, DBS, POSB, and OCBC.
Top Credit Card Promotions in Singapore (February 2026)
Here’s a snapshot of the most attractive credit card deals available this month:
- Citibank: A variety of cards offer choices between SmartPoints, cash via PayNow, and even lucky ang bao draws.
- Standard Chartered: Stand to win a private jet trip to the Maldives or receive cash and SmartPoints.
- CIMB: Attractive cashback offers are available for new applicants.
- HSBC: Options include cash, SmartPoints, and the latest Apple iPhones.
- American Express: Earn significant Membership Rewards points or KrisFlyer miles.
- DBS: Generous cashback and miles bonuses are up for grabs.
- POSB: A straightforward cashback offer is available for the Everyday Card.
- OCBC: Receive SmartPoints, cash, or even a chance to win an Apple iPhone.
A Closer Look at the Best Credit Card Deals
Let’s delve deeper into the specifics of these promotions.
1. Citibank Credit Card Promotions
Citibank is making a strong play for new cardholders with a range of appealing welcome gifts. For those seeking rewards on everyday spending, the Citi Cash Back+ Mastercard offers 1.6% cashback with no minimum spend and no cap. If online shopping and ride-hailing are your go-to, the Citi Rewards Card provides an impressive 10X Rewards.
For the discerning traveler, the Citi PremierMiles Card is a standout choice, allowing you to earn Citi Miles that never expire.
Here’s a summary of Citibank’s current offers:
Citibank credit card: Citi PremierMiles Card
- Key features: Earns 1.2 Citi Miles on local spend and 2 Citi Miles on foreign currency spend. Citi Miles never expire.
- Promotion: Your choice of 6,140 SmartPoints OR $380 cash via PayNow, plus a sure-win $28 ang bao and another ang bao worth up to $888.
- Spend criteria: Spend a minimum of $500 within 30 days of card approval.
- Valid until: 13 February 2026
Citibank credit card: Citi Cash Back+ Mastercard
- Key features: 1.6% cashback that never expires, with no minimum spend and no cap.
- Promotion: N/A (Focus on features)
- Valid until: N/A
Citibank credit card: Citi Rewards Card
- Key features: 10X Rewards on online purchases, ride-hailing, and shopping.
- Promotion: N/A (Focus on features)
- Valid until: N/A
Citibank credit card: Citi Cash Back Card
- Key features: 6% cashback on dining, 8% cashback on groceries and petrol.
- Promotion: N/A (Focus on features)
- Valid until: N/A
Citibank credit card: Citibank SMRT Card
- Key features: 5% savings on online purchases, groceries, taxis, ride-hailing, and public transport.
- Promotion: N/A (Focus on features)
- Valid until: N/A
Citibank credit card: Citi M1 Credit Card
- Key features: 4.7% Bonus Citi Rebate on entertainment; 2.7% Bonus Citi M1 Rebate on M1 telco bills.
- Promotion: N/A (Focus on features)
- Valid until: N/A
2. Standard Chartered Credit Card Promotions
Standard Chartered is offering a compelling incentive with their Standard Chartered Simply Cash Credit Card, providing a choice between $350 cash via PayNow or 4,000 SmartPoints. This card is particularly attractive for its unlimited 1.5% cashback on spends below $800, with no minimum spend requirement.
The Standard Chartered Journey Credit Card also presents a strong offer, with $180 cash or 2,800 SmartPoints, alongside bonus miles for meeting specific spending thresholds and applying for other Standard Chartered products.
The “Million Reasons to be Happier” Campaign: Remember, when you apply for any of the listed Standard Chartered cards, you also stand a chance to win a private jet trip to the Maldives or other exciting prizes like flight tickets and Michelin-starred dining experiences.
Here’s a breakdown of Standard Chartered’s promotions:
Standard Chartered credit card: Standard Chartered Simply Cash Credit Card
- Key features: 1.5% unlimited cashback with no minimum spend on spends below $800.
- Promotion: Your choice of $350 Cash via PayNow or 4,000 SmartPoints.
- Spend criteria: Spend a minimum of $800 in eligible transactions within 30 days of credit card approval.
- Valid until: 19 February 2026
Standard Chartered credit card: Standard Chartered Journey Credit Card
- Key features: 3 miles per S$1 spent on online transportation, food delivery, and online grocery transactions.
- Promotion: $180 cash via PayNow or 2,800 SmartPoints.
- Spend criteria: Spend $800 within 60 days + apply to any of the following SCB products: Bonus$aver Account, CashOne Loan, EasyPay, or Funds Transfer.
- Bonus: Earn 20,000 miles when you spend a minimum of $800 within the first 60 days of card approval.
- Valid until: 19 February 2026
3. CIMB Credit Card Promotions
For those looking to switch to CIMB, there are attractive cashback offers across three of their credit cards. The CIMB World Mastercard is particularly noteworthy, offering up to 2% unlimited cashback on various lifestyle categories and no annual fees for life.
Here are the CIMB credit card promotions:
CIMB credit card: CIMB World Mastercard
- Key feature(s): Up to 2% unlimited cashback on Wine & Dine, Online Food Delivery, Movies & Digital Entertainment, Taxi & Automobile, and Luxury Goods. No annual fees for life.
- Promotion: $50 cash with $108 spend within 30 days, plus $188 cashback with $988 spend within 60 days, OR $88 cashback with $108 spend within 30 days.
- Valid until: 28 February 2026
CIMB credit card: CIMB Visa Signature
- Key feature(s): 10% cashback on Beauty & Wellness, Online Shopping, Groceries, and more, capped at S$100 per month and up to S$20 per category. Minimum spend $800.
- Promotion: N/A (Focus on features)
- Valid until: N/A
CIMB credit card: CIMB Visa Infinite
- Key feature(s): 2% unlimited cashback on Travel, Overseas, and Online Spend in Foreign Currencies with a $2,000 minimum monthly spend.
- Promotion: N/A (Focus on features)
- Valid until: N/A
4. UOB Credit Card Promotions
While UOB isn’t currently running specific welcome promotions for new credit card sign-ups, their existing card offerings remain highly competitive. The UOB One Card is a favourite for its generous rebates, including up to 10% on popular merchants like McDonald’s, Grab, and Shopee. For miles enthusiasts, the UOB PRVI Miles Card stands out for its excellent general miles earn rates. The UOB EVOL Credit Card offers a compelling 10% cashback on various online and contactless spending categories if you meet a monthly spend of $800.
5. HSBC Credit Card Promotions
HSBC has a strong lineup, including the award-winning HSBC Live+ Credit Card. This card offers up to 8% cashback on dining, shopping, and entertainment, with the promotion extended into 2026. For new applicants of the HSBC Advance Credit Card, there’s a choice between 6,140 SmartPoints or $400 cash via PayNow, along with an $88 ang bao or the latest Apple iPhone 17 Pro 256GB.
Here’s a look at HSBC’s promotions:
HSBC credit card: HSBC Advance Credit Card
- Key feature(s): 1.5% cashback on local and overseas purchases with no minimum spend.
- Promotion: Your choice of 6,140 SmartPoints OR $400 cash via PayNow, plus an $88 ang bao or the latest Apple iPhone 17 Pro 256GB.
- Qualifying criteria: Spend $500 from the Card Account Opening Date to the end of the following month.
- Valid until: 19 February 2026
HSBC credit card: HSBC Live+ Card
- Key feature(s): Up to 8% cashback on dining, shopping, and entertainment; 5% cashback on petrol.
- Promotion: N/A (Focus on features)
- Valid until: N/A
HSBC credit card: HSBC Revolution Credit Card
- Key feature(s): S$1 = 10X Points on Online Spend on Travel, Shopping & Dining.
- Promotion: N/A (Focus on features)
- Valid until: N/A
HSBC credit card: HSBC TravelOne Card
- Key feature(s): S$1 local spend = 1.2 miles; S$1 on foreign spend = 2.4 miles.
- Promotion: N/A (Focus on features)
- Valid until: N/A
6. AMEX Credit Card Promotions
American Express is offering substantial Membership Rewards points and KrisFlyer miles for new cardholders. The American Express The Platinum Card is a highlight, offering up to 200,000 Membership Rewards® points for a minimum spend of $8,000 within three months and annual fee payment. For frequent flyers, the American Express Singapore Airlines KrisFlyer Ascend Credit Card provides up to 31,000 KrisFlyer miles.
Here are the American Express promotions:
American Express credit card: American Express Platinum Credit Card
- Key feature(s): $1.60 spend = 10 Points at participating Platinum 10Xcelerator Partners / 2X Points on all other spend.
- Promotion: 45,000 Membership Rewards points with $1,000 spend and annual fee payment within 2 months of card approval.
- Valid until: 31 March 2026
American Express credit card: American Express The Platinum Card
- Key feature(s): $1.60 spend = 2 Membership Rewards / 20 Membership Rewards points on 10Xcelerator spending.
- Promotion: Up to 200,000 Membership Rewards® points.
- Spend criteria: $8,000 minimum spend and annual fee payment within 3 months of card approval.
- Valid until: 31 March 2026
American Express credit card: American Express Singapore Airlines KrisFlyer Ascend Credit Card
- Key feature(s): $1 local spend = 1.2 KrisFlyer miles; S$1 spend on Grab = 2 KrisFlyer miles.
- Promotion: Up to 31,000 KrisFlyer miles with $1,000 spend and annual fee payment within 2 months of card approval.
- Valid until: 31 March 2026
American Express credit card: American Express Singapore Airlines KrisFlyer Credit Card
- Key feature(s): $1 local spend = 1.1 KrisFlyer miles; S$1 spend on Grab = 2 KrisFlyer miles.
- Promotion: Up to 14,000 KrisFlyer miles with a minimum spend of $1,000 within the first 2 months of card approval.
- Valid until: 31 March 2026
7. DBS Credit Card Promotions
DBS is offering a lucrative $300 cashback for the DBS yuu Visa Card and DBS yuu American Express Card, with an additional Esso fuel discount voucher. The DBS Altitude Visa Signature Card and DBS Altitude American Express Card are offering a substantial 38,000 miles upon meeting a minimum spend.
Here’s a summary of DBS’s promotions:
DBS credit card: DBS yuu Visa Card, DBS yuu American Express Card
- Key feature(s): 5% cash rebate / 2.8 mpd with no minimum spend, or up to 18% cash rebates or 10 mpd with $600 monthly spend.
- Promotion: $300 cashback (apply with code YUU300) with $800 minimum spend within 60 days.
- Expiry: 28 February 2026
DBS credit card: DBS Altitude Visa Signature Card, DBS Altitude American Express Card
- Key feature(s): Up to 2.2 miles per $1 overseas, 1.3 mpd locally.
- Promotion: 38,000 miles with $800 minimum spend within 60 days from card approval date.
- Expiry: 28 February 2026
DBS credit card: DBS Live Fresh Card
- Key feature(s): 6% cashback on shopping and transport spend with $800 minimum monthly spend.
- Promotion: $300 cashback with minimum spend of $800 within 60 days.
- Expiry: 28 February 2026
8. POSB Credit Card Promotion
The POSB Everyday Card is offering a straightforward $388 cashback for new applicants who spend at least $800 within 60 days. This card is known for its practical cashback rewards on essential spending categories.
9. OCBC Credit Card Promotions
OCBC credit cards are also part of the promotional frenzy, with offers including 3,500 SmartPoints or $230 cash. The OCBC INFINITY Cashback Card offers unlimited 1.6% cashback and a chance to win an Apple iPhone 17 256GB on top of the baseline gift. For dining enthusiasts, the OCBC 365 Credit Card provides 5% cashback on everyday dining, while the OCBC Rewards Credit Card offers up to 4 miles per dollar at selected retailers.
Here are the OCBC credit card promotions:
OCBC credit card: OCBC INFINITY Cashback Card
- Key feature(s): 1.6% in unlimited cashback with no minimum spend.
- Promotion: 3,500 SmartPoints (enough to redeem a LEVEL8 luggage worth $469) or $230 cash when you apply and charge at least $400 worth of qualifying transactions within 30 days. Plus, you could also take home an Apple iPhone 17 256GB (worth $1,299) on top of your baseline gift.
- Expiry: 19 February 2026
OCBC credit card: OCBC Rewards Credit Card
- Key feature(s): S$1 = 10 OCBC$ (equivalent to 4 miles per S$1) on eligible local and overseas spend.
- Promotion: N/A (Focus on features)
- Expiry: N/A
OCBC credit card: OCBC 365 Credit Card
- Key feature(s): 5% cashback on everyday dining, 6% cashback on fuel, 3% cashback on groceries, land transport, online travel, recurring telco and electricity bills.
- Promotion: N/A (Focus on features)
- Expiry: N/A
OCBC credit card: 90°N Card / 90°N Visa Card
- Key feature(s): S$1 = Up to 7 Miles on Agoda accommodation; S$1 foreign spend = 2.1 Miles; S$1 local spend = 1.3 Miles.
- Promotion: N/A (Focus on features)
- Expiry: N/A
Understanding the Catch
While the allure of freebies is strong, it’s crucial to be aware of the conditions attached to these promotions. The primary drawback is that signing up for a credit card promotion often makes you ineligible for similar new customer offers from that specific bank for at least 12 months. Banks typically define “new customers” as those who have never held a card from the bank or have cancelled their card at least a year ago.
Furthermore, meeting the minimum spend requirement is non-negotiable. Many promotions require you to spend a certain amount within a specified period after card approval. In some cases, you might also need to pay the annual fee, as fee waivers may not apply to promotional sign-ups. Be prepared to wait a few months after meeting the criteria before receiving your welcome gift.
The key takeaway is to always read the terms and conditions carefully and ensure you can comfortably meet the minimum spend before applying. This proactive approach will help you maximize the benefits of these attractive credit card promotions.
