MoneySmart Citibank Credit Card vs MoneySmart Standard Chartered Credit Card
Choosing a suitable credit card in Singapore can be a daunting task. There are many different credit cards on the market, all of which come with different features, fees, and perks. Two of the more popular credit cards in Singapore are MoneySmart’s Citibank Credit Card and MoneySmart’s Standard Chartered Credit Card. To help you decide which credit card is best for you, let’s take a look at the features, fees, and perks of both.
When it comes to features, the MoneySmart Citibank Credit Card provides Zero Interest Instalments Plan, which allows you to convert eligible retail purchases of S$200 and above into zero interest instalments for a period of six months. This allows you to spread out the cost of your purchases and pay in smaller, more manageable monthly instalments. The MoneySmart Standard Chartered Credit Card does not offer this feature.
In terms of fees, the MoneySmart Citibank Credit Card requires a one-time annual fee of S$192.60, while the MoneySmart Standard Chartered Credit Card has a one-time annual fee of S$180. As for rewards, the MoneySmart Citibank Credit Card provides 1.6% cashback on eligible purchases and 1.4% cashback on online transactions. The MoneySmart Standard Chartered Credit Card doesn’t provide cashback on purchases but it does give 1.6% cashback on online transactions.
Overall, the MoneySmart Citibank Credit Card provides more features, a lower annual fee, and a higher cashback rate for online purchases compared to the MoneySmart Standard Chartered Credit Card. However, if you plan to mainly make purchases in-store, then the MoneySmart Standard Chartered Credit Card might be a better choice for you. To make your final decision, make sure to do your own research and compare the features and fees of both cards.