Credit Card for Families | Raising a Family in Singapore
Credit Cards
by Priyadarshini
4 March 2021
Singapore is an expensive place and raising a family here is not an easy task financially. Studies suggest that on average you need approx. $18000 per year to raise one child. Now imagine families that have two or three children. In some cases, maybe more. The amount of money you may need is no regular feat. We bring you solutions to make the most of your child-related expenses. In this blog, we discuss credit cards for families in Singapore.
Best Credit Cards for Families (raising a family) in Singapore:
HSBC Visa Platinum Card
This credit card is truly meant to help you with raising a family in Singapore. It has all the benefits you would want for your kid’s expenditures. You get discounts, freebies and other one-for-one offers to keep your children amused.
You can use it for groceries, dining at restaurants, and petrol costs and you will get a discount of 5% across these categories. Moreover, there are plenty of exclusive perks like one-for-one at Katapult Trampoline Park, Timezone, and free entry to the Zoo, free movie tickets, etc. If your kids are crazy balls of energy, then this is the best credit card for you. You can squeeze the maximum benefits of the freebies that you are offered. The minimum spend amount is $600 each month.
UOB Lady’s Card
This card is for all the ladies/moms out there. Sign-up for this credit card and get 4 miles for every $1 you spend at baby stores and supermarkets. With the amount Singaporeans, parents spend on baby stuff like baby food, diapers, and other baby-related expenses. It would be great if you get a business class ticket for your next flight. So, hurry! Grab the best offers before they are gone.
Maybank Family & Friends Card
We recommend the Maybank Family & Friends Credit Card for various utilities. With this card, you get an 8% cashback discount on spending $1000 in Singapore and Malaysia for most of your daily expenses. This multi-category cashback card can be used for getting discounts on every young parent’s favorite merchants: NTUC FairPrice, Guardian, Watsons, Popular, Yamaha, plus food delivery, Toys R Us, etc.
Also on expenses for transport like taxis and petrol cost. I’ve recommended the Maybank Family & Friends Card in another best credit card roundup before, but it’s worth repeating here. If you don’t spend $1000 still you will get a rebate of 5% on spending $500 per month. The best part is with this card you can get cashback rebates at Legoland in Malaysia as well.
UOB One Card
The UOB One credit card is for those who have high kid-related expenses consistently. For instance, if you have guaranteed expenses of $1000 – $2000 every month then this cashback card will bring you good rebates. All you have to do is hit the minimum spend amount consistently and you will get a pay-out of $100 on spending $1,000 per month. And a pay-out of $300 on spending $2,000 every month for every three months. UOB One credit card also has many lucrative promotions offers with enrichment centers like Adam Khoo, and The Learning Lab which can be very useful to parents.
