That is most likely your routine yearly: You flip to the again of your bank card, key in all of the attainable choices till you come throughout an choice that claims “to request for an annual fee waiver, please leave your contact number and we will contact you”.
Sure, we love the comfort of bank cards however will we need to pay an annual payment? Not if we can assist it.
The excellent news is, we discovered bank cards that both don’t cost an annual payment or supply lengthy annual payment waivers of at the least Three years, thereby saving you from a variety of angst.
1. Maybank Household & Pals Card
The Maybank Household & Pals Card is an effective card to make use of for groceries, transport and chosen retailers together with Common Bookstore, Guardian, Watsons and McDonald’s, due to their beneficiant cashback price of eight per cent (capped at $80 a month), when you handle to hit the minimal spending requirement of $800.
If you happen to don’t, however nonetheless handle to spend at the least $500 in a month, you get 5 per cent cash rebates as an alternative of eight per cent.
The cardboard’s annual payment of $180 is waived for Three years.
2. ICBC International Journey Mastercard
This bank card from Chinese language bank ICBC seems like an air miles card, however is definitely a cashback card that provides 1.5 per cent limitless cashback on native spending and three per cent cashback on abroad spending, with no minimal spending requirement.
This makes ICBC International Journey Mastercard one of many extra engaging limitless cashback bank cards in Singapore, particularly when you journey usually.
Till Dec 31, 2020, you additionally take pleasure in international VIP lounge service at high-speed railways and airports.
The annual payment is waived for Three years.
3. ICBC Chinese language Zodiac Credit score Card
Its title sounds impossibly kitsch, however the ICBC Chinese language Zodiac Credit score Card is definitely an honest cashback card providing 1.6 per cent limitless cashback on native and abroad spending with no minimal spending requirement.
The annual payment is waived for Three years.
4. CIMB Visa Signature
CIMB Visa Signature affords a really beneficiant 10per cent cashback (capped at $100 a month and $20 per class) on magnificence and wellness, on-line procuring, groceries, pet outlets, vet companies and cruises.
Nearly anybody can profit from the grocery and on-line procuring cashback, and when you usually go to spas or have a pet, the cardboard turns into much more engaging.
The primary disadvantage is that the minimal spending requirement of $800 is kind of excessive.
On the intense aspect, the cardboard fees no annual charges indefinitely, so it’s actually free to make use of.
5. CIMB Platinum MasterCard
Right here’s one other CIMB bank card that provides 10 per cent cashback (capped at $100 a month and $20 per class) when you handle to fulfil their minimal spending requirement of $800 a month.
10 per cent cashback is obtainable on wining/eating, transport and petrol, journey in overseas forex (ie. lodge bookings made abroad), well being and medical bills, in addition to electronics and furnishing at sure retailers like Harvey Norman, Ikea and Greatest Denki.
Just like the CIMB Visa Signature, the CIMB Platinum MasterCard is free for all times, which saves you from having to name them up and beg them to waive annual charges.
This text was first revealed in MoneySmart.
