There are so many advantages to being a credit card holder, from the ability to make changes quickly and easily in case of emergency to establishing a credit rating and credit score.

In addition, credit cards from various institutions now offer lots of rewards and incentives that can even save you money on purchases as far-flung as airline tickets, hotels, Amazon purchases and more.

If you use your credit card prudently and don’t accrue too much debt, you may find yourself able to squeeze lots and lots of value from the perks which your card offers. You just need to know how to do it!

If you are a credit card user, as so many in Singapore are, you will want to make efficient use of those perks. Since most Singaporeans have at least three cards, it’s only about knowing how to determine the best rewards cards and getting the most out of what they offer.


How To Make The Most Of Your Credit Card Perks1. Request a Higher Limit

Many people who have a credit card that offers rewards points like to use it to purchase everything. That way they can rack up those points and redeem them for merchandise or services, or participate in other incentives.

But if you have a credit limit that is relatively low, and you are reaching it almost every month, be aware that this may come back to bite you later. By increasing your credit limit on that card, you can still spend as you like, earning those points, but you’ll have a bigger cushion as you move ahead.

2. Change Your Payment Due Date

If you find that you cannot make your credit card payment by the date that the company has set for you, due to your payroll schedule, you can always call them to change it. This is quite easy to do and can save you a lot of trouble and late fees. Get your payment due date set to fall immediately after your payday so that after you get your paycheck, the credit card bill is the first thing that you pay.

3.Double Those Reward Points

If you have your card and you determine that you can get rewards for it, then you most definitely should. The great thing about rewards bestowed by credit card companies is that you can sometimes earn double the rewards just by using a particular provider. If you book a vacation through a third party who offers reward points on cards, you can charge your room and flights with the card and get increased points from the company. You can earn double-points which can be redeemed at a later date.

4.Be Smart

This tip does not refer merely to spending wisely and not exceeding your credit limit, but also to choosing the card that will get you the most valuable points. If, like the average Singaporean credit card user, you have three cards, and one gives you a certain percentage of points or cash back when you buy petrol, use that one to pay for filling your tank. Strategically planning how you use your individual cards will help you get the most value out of them.

5.Use the Right One When Traveling

If you are thinking of going abroad for a trip, it’s smarter to use your credit card than to carry a lot of cash. But you need to identify and use the card that will accrue no transaction fees when used overseas. Those little fees can add up quickly, so it’s best to charge the card that carries no fees. That will help keep your trip stress-free, and when you go to pay your next bill, you won’t need to worry about having any extra add-ons.

6.Shop Around for the Best

Getting a credit card for the first time, or identifying another new credit card can take a bit of homework on your part. You’ll want to find one of the best ones that give you rewards, helps you get some cash back and also offers you competitive interest rates. You’ll want to examine all of their terms before choosing the credit card that will best work for you. And with so many to choose from in Singapore, you should make sure you do enough research.

Once you’ve got a card, you’ll want to make sure that you’re smart about using it and getting the most out of it when you do use it. An appropriate card could give you so many extra rewards that would not be possible if you didn’t have a decent credit card. Look into all that is offered on your card and see just how you can capitalize on it.

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Founder @ The New Savvy
Anna Haotanto is the Advisor (former CEO) of The New Savvy. She is currently the COO of ABZD Capital and the CMO of Gourmet Food Holdings, an investment firm focusing on opportunities in the global F&B industry. She is part of the founding committee of the Singapore FinTech Association and heads the Women In FinTech and Partnership Committee. Anna is the President of the Singapore Management University Women Alumni. Anna invests and sits on the board of a few startups. Anna is also part of the Singapore Chinese Chamber of Commerce & Industry Career Women’s Group executive committee. Anna’s story is featured on Millionaire Minds on Channel NewsAsia. She hosts TV shows and events, namely for Channel NewsAsia’s “The Millennial Investor” and “Challenge Tomorrow”, a FinTech documentary. Anna was awarded “Her Times Youth Award” at the Rising50 Women Empowerment Gala, organised by the Indonesian Embassy of Singapore. The award was presented by His Excellency Ngurah Swajaya. She was also awarded Founder of the Year for ASEAN Rice Bowl Startup Awards. She was also awarded the Women Empowerment Award by the Asian Business & Social Forum. Anna has been awarded LinkedIn Power Profiles for founders (2018, 2017), Tatler Gen T, The Peak’s Trailblazers under 40 and a nominee for the Women of The Future award by Aviva


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