Best Cards for Credit Waivers with Fixed Deposit PaymentSome credit cards waive lack of credit history when you pay a fixed deposit as collateral. If you can afford the payment, you can access cards with much higher rewards rates. Show
Best Miles for Social & Online Spend: HSBC Revolution CardPromotions:
HSBC Revolution Card is a great, affordable option as a first credit card, as long as you’re willing to pay a fixed deposit. Those willing (and able) to pay S$10,000 as collateral can receive a waiver for lack of credit history. This waiver is later returned, but will not earn interest in the meantime. Returning to rewards, HSBC Revolution Card is by far the best on the market for local social & online spenders. Cardholders earn 2 miles per S$1 on local dining & entertainment, as well as for online spend (including travel bookings and bill pay). There’s no minimum spend requirement and no rewards cap, so earning is fairly easy and straightforward. In addition, the S$160.5 fee is waived with S$12,500 annual spend, making the card quite affordable. Overall, if you don’t have credit history but can afford to pay a fixed deposit, HSBC Revolution Card offers the best way to earn miles. Read Our Full Review
Best No-Fee Cashback for Medical, Transport & Dining: CIMB Platinum MasterCardPromotions:
If you can afford to pay a S$10,000 fixed deposit as a credit waiver (returned later), CIMB Platinum MasterCard is an excellent choice for a first-time credit card. Cardholders earn at top market rates of 10% cashback on a variety of categories, including medical, transport & petrol, dining, travel spend in foreign currency and transactions with select electronics & furnishings vendors. While there’s an S$800 minimum spend requirement, cardholders can earn up to an incredible S$100/month–or up to S$1,200/year. Other perks include eCommerce Purchase Protection, and the credit card is free forever. Read Our Full Review
Best Cards with S$500 Credit Limits for those with No Credit HistoryMany credit cards with S$500 credit limits waive, or do not require, established credit history. The following cards are great options available to young working adults. Best Cash Back Card for No Credit History: CIMB AWSM CardIf you’re looking for your first credit card, you should definitely consider CIMB AWSM Card. In order to qualify, you must either be a student or a salaried employee earning at least S$18,000, if younger than 35 years old. This is fairly reasonable for most first-timers with no credit history. Cardholders earn 1% rebate on dining, entertainment, online & telco with no minimum spend and no cap on earnings. This rate is great because it covers key spend categories for many young adults, and is also 4x the rebate offered by some alternatives. You may also be interested in CIMB AWSM Card for its convenience, affordability and perks. Cardholders can ‘tap & go’ to pay for bus and train rides. They also have access to exclusive MasterCard privileges and CIMB Deals & Discounts, which offer specials throughout SE Asia. Finally, CIMB AWSM Card is free forever. If you have no credit history and want a starter credit card, there’s no better option. Read Our Full Review
Best Flat Rebate Card for No Credit History: Standard Chartered Manhattan S$500 CardStandard Chartered Manhattan S$500 Card is worth considering if you don’t have any credit history, and don’t want to pay a big fixed deposit to earn a waiver. Consumers must be students, or low income working adults earning at least S$18,000/year. This is one of the only cards available to employees at this salary level. Cardholders earn 0.25% flat rebate on all spend. While this rebate rate is fairly low, SC Manhattan S$500 Card is great for new starters. There are no categories or merchants to track; all spend earns rewards. There’s a S$32.1 annual fee, which is quite low and waived 1 year. Overall, if you want an easy-to-use rebate credit card to build credit, consider SC Manhattan S$500 Card. Read Our Full Review
No-Fee Card w/ Credit Waiver & Rebates on Electives: CIMB Visa Signature CardCIMB Visa Signature Card is worth considering as a first-time card, though consumers must pay a S$10,000 fixed deposit as a credit waiver (which is returned later). This deposit, however, may very well be worth it–cardholders earn a market-topping 10% cashback on groceries, online shopping, beauty, petcare and cruises, up to S$100/month. It’s worth mentioning that there’s an S$800 minimum requirement, so low spenders may not be a great match. However, cardholders also enjoy great perks–like free travel insurance–and the credit card is free forever. Read Our Full Review
Below, we've prepared a summary of our picks for the best credit cards for no credit history in 2022.
Compare the Best Credit Cards for No Credit History by Dollar ValueThe graph below represents the approximate value-to-consumer (in SGD) of the best credit cards for those with no credit history in Singapore. Dollar values are calculated based on approximate rewards earned with a S$2,000 monthly spend for 2 years. This number varies, however, depending on individual spending habits.  Best Credit Cards for No Credit History in Singapore by Estimated 2-Year Dollar Value Is there a credit card with no deposit?An unsecured credit card requires no deposit at all. Secured credit cards are designed to help people build, or rebuild, their credit. They're a credit card option for consumers who may not qualify for a traditional unsecured credit card.
What is the easiest unsecured card to get?The Credit One Visa Card is the easiest unsecured credit card to get. It is available to people with bad credit or no credit. Cardholders also earn 1% cash back on eligible purchases.
How can I get a credit card with no money?How to Apply for a Credit Card With No Security Deposit. See If You're Pre-Approved for a Card. ... . Apply for a Student Credit Card. ... . Become an Authorized User on Someone Else's Account. ... . Reconsider Getting a Secured Credit Card With a Deposit. ... . Improve Your Credit and Chances of Getting an Unsecured Card.. Can I get approved for a credit card with a score of 500?Yes, you can get an unsecured credit card with a 500 credit score. The best unsecured credit card to get with a 500 credit score is the Credit One Visa card because it offers a $300 starting credit limit, the potential for automatic credit line increases, and an annual fee of $75 intro 1st yr, $99 after.
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Credit card with no deposit for bad credit
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