10 Best Credit Card for Fresh Graduate in Singapore to Get a Head Start [2024]

Just graduated from school and got your first job? Congratulations and welcome to adulthood! You have officially gain your financial independence and what’s better than getting a credit card to symbolize it! With your name on that shiny plastic, you can get to enjoy a plethora of social perks and promotions from shopping, dining to travelling!

But how to know which credit card is best for you? Fret not. We have compiled a list of the 10 best credit card for fresh graduate in Singapore. To be eligible for a credit card, you need to have a minimum income of S$30,000 a year and are above 21 years of age. If you fulfil the above-mentioned criteria, then all you need to do now is to pick!

1. The FRANK Card by OCBC

The FRANK Card by OCBC is an excellent choice for fresh graduates as it has one of the lowest annual fee of only S$80. What’s better is that this annual fee will be waived for first 2 years, subsequently waived for annual Visa if you spend over S$10,000. Plus, it only requires a S$400 minimum spending, ensuring ease of upkeep.

Not only so, the FRANK Card by OCBC has over 120 card designs for you to choose from! How crazy does that sound! It’s no wonder this card would be the top choice as a credit card for fresh graduate in Singapore.

2. HSBC Revolution Card

As insane as it sounds, the HSBC Revolution Card is literally rewarding you for everything you spend on. You will earn 5 reward points for every S$1 spent on online transactions, local dining transactions, and local entertainment transactions. These points can then be used for hotel dining vouchers, Golden Village movie passes, and more. You will also get to enjoy 1-for-1 dining offers, and discounts at various online stores. Its annual fee of $150 will be waived for the first 2 years.

In addition, if you spend S$500 on your card per month for the first 3 months, you get to receive a brand new Samsonite Black Label Plutus 68cm luggage worth S$950! It’s a no wonder this credit card made it to the list of 10 best credit card for fresh graduate in Singapore.

3. UOB YOLO Card

This UOB YOLO Card is perfect credit card for fresh graduate in Singapore who love the night life and other lifestyle perks. With the motto “Eat. Drink. Play. Repeat”, the UOB YOLO Card indeed lives up to its name as it offers 6% rebate on the weekend for dining and entertainment.

There are numerous 1-for-1 deals at places such as The Rabbit Hole and many more. It’s annual fee of S$192.60 is waived for first year and subsequent waiver will be on a case-by-case basis.

4. Citibank Rewards Card

The Citibank Rewards Card offers some of the most generous rewards you can ever get – for every S$1 you spend on shoes, bags, and clothes online and at department stores, you get 10 Reward points or 4 miles. As such, the Citibank Rewards Card is perfect for fresh graduate in Singapore who enjoys shopping. There will also be discounts at various online stores,  including Zalora, Qoo10 and Airbnb.

As a welcome offer, you can receive a S$120 cashback. The annual fee of S$192.60 will also be waived for the first year. So wait no further and sign up for the Citibank Rewards Card to enjoy being a shopaholic today!

5. DBS Altitude Visa Card

The DBS Altitude Visa Card is perfect as a credit card for fresh graduate in Singapore who loves to travel. Not only do you get 1.2 miles for every S$1 you spend in Singapore; you also get 3 miles for every S$1 you spend when you book your flight and accommodations online!

Unfortunately with the COVID-19 situation, we all know traveling would be difficult now. But fret not, you can always get this card once the pandemic subsides and traveling resumes!

6. Citi Lazada Card

You should get the Citi Lazada Card if you are a avid Lazada shopper. With the Citi Lazada Card, cardholders will earn 10pts per S$1 spend on Lazada, plus shipping rebates on orders above S$50 and exclusive offers & discounts. In addition, consumers get to earn 5pts per S$1 spend on local dining, entertainment, travel & transport (including Grab & Gojek).

To max out the monthly cap of 10k pts on rewards, you will only need to spend about S$1k/month. Therefore, the Citi Lazada card would be perfect as a credit card for fresh graduate in Singapore if you are frequent shoppers & social spenders with a budget of about S$1k/month.

7. OCBC Titanium Rewards Card

The OCBC Titanium Rewards Card is an excellent credit card for fresh graduate in Singapore, who are avid fashion shoppers, as it offers 4 miles per S$1 spend on beauty and fashion retail. Cardholders can earn miles on everything from appliance to beauty products.

That being said, it will be extremely easy for you to spend S$10,000 annually to qualify for a fee waiver. New cardholders get welcome gift vouchers worth up to S$300 via STACK loyalty platform within 7 business days of card approval.

8. CIMB AWSM Card

If you are a fresh graduate earning less than S$30,000/year, the CIMB AWSM Card would be the best credit card on the market for you. The CIMB AWSM Card offers no-fee cashback to individuals who are under 35 years old and earning just S$18,000/year. It is also available to students and NSFs with no income.

All in all, if you are a fresh graduate with low income, this card would be an excellent choice for you. They are currently having a few promotions where you can get S$8 off min spend of S$16 at Shopee. Use code CIMBSG9 to enjoy 9% off hotel bookings with Expedia.

Use code 20CIMBNC to enjoy S$10 off S$20 min spend at ezbuy. These promotions are only valid until Dec 31, 2021 so grab them while they last!

9. Standard Chartered SingPost Spree Card

The Standard Chartered SingPost Spree Card is an ideal credit card for fresh graduate in Singapore who tend to shop online with overseas retailers, but have low or irregular spend and would benefit from avoiding a monthly spend requirement. 

Cardholders get to earn 3% cashback on online foreign and vPost transactions, 2% on online local and contactless transactions, and 1% on general spend. Shopping cashback is supplemented by shipping discounts of up to 25% with vPost, SmartPac, Lock+Store and others.

They are currently having 2 promotions now. Enjoy S$120 cashback with one spend made within 30 days of card approval, which is valid till June 30, 2021. You can also get S$20 cashback when you apply via SingPass MyInfo and this promotion is valid until July 31, 2021.

10. Standard Chartered Manhattan S$500 Card

Another credit card on the list for low income adults is the Standard Chartered Manhattan S$500 Card. Fresh graduates earning less than S$30,000/year would be eligible for this card. Students without income are eligible or working adults earning at least S$18,000/year are also eligible for this card. The annual fee of S$32.10 is waived for the first year.

However, cardholders will only earn 0.25% flat cashback on most spend, one of the lowest rewards rates on the market. Nevertheless, the Standard Chartered Manhattan S$500 Card will still be a great choice for fresh graduate in Singapore given our lower starting pay grade.

Conclusion

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We hope that this guide will be useful in helping you to make an informed decision when it comes to finding the best credit card for fresh graduate in Singapore.

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