Credit cards reward you for a comprehensive list of things. Be it shopping, paying for gym membership, or doing weekly grocery runs – you name it, they have it. How do you choose which card you need and what best suits you?
Some characteristics that banks use to ‘target’ women consumers:
- more frequent shopping purchases and higher bills(online + offline)
- more frequent trips to the supermarket
- booking of vacations
- indulging in spa/healthcare treatments
*this list is non-exhaustive
Benefits of Women’s Credit Cards
- Rewards for online, offline, local and overseas shopping
- Special rates and discounts on fashion, healthcare and beauty products
- Complimentary drinks at participating pubs and bars
- Flexibility to convert large purchases into interest-free instalment payment plans
While several credit cards often boast attractive promotional offers, this comparison focuses on just the value that each card has to offer.
| Card Name | Annual Fee | Min. Annual Income | Cashback Cap | Benefits | Best For |
|---|---|---|---|---|---|
| DBS Woman's Card | $160.50 (waived for first year) | Singaporean/PR: S$30,000 Foreigner: S$45,000 | On every $1000 spent | 5X DBS Points (or 10 miles) on online purchases 1X DBS Point (or 2 miles) on other purchases 0% Interest Payment Plans over 12 months e-Commerce Protection on online purchases | Frequent Online Shopper |
| DBS Woman's World Card | $192.60 (waived for first year) | S$80,000 and above per annum (Singaporean or Foreigner) | On every $2000 spent | 10X DBS Points (or 20 miles) on online purchases 3X DBS Point (or 6 miles) on overseas purchases 1X DBS Point (or 2 miles) on other purchases 0% Interest Payment Plans over 12 months e-Commerce Protection on online purchases | The Modern Career Woman |
| UOB Lady's Card | $192.60 (waived for first year) | Singaporean/PR: S$30,000 Foreigner: S$40,000 | N/A | UNI$5 for every S$5 spent at department stores, overseas, and online UOB LuxePay splits shoe/ bags over S$500 into instalment plans | Luxury Shopper |
| UOB Lady's Solitaire Card | $406.60 (waived for first year) | Singaporean/PR: S$120,000 | N/A | 10X UNI$: - luxury retailers, local departmental stores, whilst overseas and via online shops. - On your taxi fare | Crazy Rich Asian (Women) |
| UOB Delight Credit Card | $85.60 (waived for first year) | Singaporean/PR: S$30,000 Foreigner: S$40,000 | N/A | Up to 8% rebate at Cold Storage, Market Place, Jasons, Giant and Guardian 10% off over 4,000 house brands at Cold Storage, Giant and Guardian Up to 3% rebate on contactless transactions and recurring bills 0.3% rebate on all other spend - SMART dollars | Stay-home Moms |
| OCBC 365 Card | $192.60 (waived for first 2 years) | Singaporean/PR: S$30,000 Foreigner: S$45,000 | $80 | - 6% local and overseas dining, every day Online food delivery - 3% Local and overseas groceries Online groceries - 3% Local and overseas private hire rides, including bikes (e.g. Grab and Go-Jek) Local and overseas taxi (e.g. ComfortDelGro) - 3% Online air and cruise tickets purchase Online hotel and tour bookings (e.g. Agoda and Airbnb) + many more | Young Working Adults |
| Citi Rewards Card | $192.60 (waived for first year) | Singaporean/PR: S$30,000 Foreigner: S$42,000 | 10,000 points per statement month | - Earn 10X Rewards* on your shopping all year long. Shopping is more rewarding with the Citi Rewards Card! - Earn 10X Rewards* when you shop for shoes, bags and clothes at online or retail stores, or department stores, locally and overseas. | Shopaholics |
| DBS Live Fresh Student Card (Up to 27 years old) | $128.40 (5-year fee waiver) | N/A | $60 | - 0.3% cashback on all spending - doubles up as an ATM card | Students |
| Amex CapitaCard | $171.20 (waived for first year) | Singaporean/PR: >S$30,000 Foreigner: >S$60,000 | N/A | - Earn STAR$® in participating CapitaLand Malls (valid from now till 31 December 2019) - 3-hour complimentary parking across CapitaLand malls when >S$1,200 spent monthly - perks at home and worldwide | Frequent shopping in malls |
| UOB ONE Card | $192.60 (waived for first year) | Singapore citizen/PR: Min. annual income of S$30,000 OR Fixed Deposit collateral of at least S$10,000 Foreigners: Min. annual income of S$40,000 OR Fixed Deposit collateral of at least S$10,000 | N/A | Earn rebates quaterly with different tier spendings ($500, $1000, $2000) to get $50-$300 rebate | Consistent Spender |
Read reviews for the mentioned credit cards and many more here.
3 Most Popular Credit Card Choices for Every Lady
1. For the Tertiary Student: DBS Live Fresh Student Card
This one’s popular amongst undergrads for how lenient they are with the criterias to own this card, while offering a decent $500 credit limit.
Why People Choose This Card:
- No minimum income required
- one-year fee waiver
- credit limit of S$500
- 5% cashback for online shopping and Visa payWave purchases
- 0.3% cashback on all other spending
2. For the Career Woman: UOB Lady’s Card
Why People Choose This Card:
- $5 spent on shopping and taking a taxi earns you UNI$5
- enjoy Mastercard wine privileges
- free weekend parking
3. For the Dedicated Mother: UOB Delight Card
Why People Choose This Card:
This is the card to have for all your supermarket needs.
- 8% rebates at all major supermarket chains (Cold Storage, Market Place, Jasons, Giant, Guardian)
- 10% off house brands at Cold Storage, Giant and Guardian
- Extra 3% rebate when you charge recurring bills on the card for contactless transactions
- 20% discount at petrol stations
- Up to 75% off for hotel stays worldwide and dining privileges
Questions from the community:
“Do women find it harder to save and invest? It seems that women are still paid lesser than men today- how big the effect on them?” Read more.
“How should women plan their finances different from their men counterparts?” Read more.
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About Ruth Lum
Breaking down 'chim' finance knowledge into manageable pieces so you don't have to.
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