Home Credit Cards Top 3 Credit Cards for GSS 2011

Top 3 Credit Cards for GSS 2011

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The Great Singapore Sale (GSS) is here. Which credit card offers the best gifts and rebates for this shopping season?

These are the promotions as of 3 Jun 2011.

01HSBC

Minimum Spending and Cash Rebate

  • S$1,000 (10% rebate capped at $50)
  • $2,500 (15% rebate capped at $150)
  • $4,000 (20% rebate capped at $250)
  • Spend $100 daily ($5 rebate capped at $5)

The Fine Print

  • 10% to 20% rebates are limited to first 2,000 redemptions via SMS from 26 May to 30 Jun 2011
  • Minimum spending can be anywhere (e.g. petrol), but rebate only applies to the portion that is overseas spending or local retail and dining spending only
  • 5% daily rebate is limited to first 1,000 redemptions per week

Comments

  • Too good to be true and indeed so. If for example $4,000 is spent on retail (and nowhere else), rebate is just 6.25%.
  • 5% daily rebate is still attractive (if you are quick)

 

02ANZ

Minimum Spending and Gift

  • $15,000 - Sony Bravia 40" LCD TV
  • $6,000 - Nautica watch
  • $2,000 - "Crystal pen"

The Fine Print

  • Limited to first 100, 200 & 300 redemptions respectively from 15 May to 31 Jul 2011

Comments

  • Decent gifts but high minimum spending (and too few TVs)

 

03Standard Chartered

Minimum Spending and Gift

  • $3,500 - Macbook Air 11-inch 64GB worth $1,348 (200 redemptions)
  • $7,000 - Mac 27-inch 2.7GHz worth $2,348 (200 redemptions)

The Fine Print

  • Gifts split equally into 2 spend periods: 1-30 Jun and 1-31 Jul
  • Gifts allocated by lucky draw, SMS to qualify
  • Card users can also choose a guaranteed gift of a Sony MP3 player "worth $129" by foregoing the lucky draw

Comments

  • Attractive gifts, but low likelihood of a win. MP3 player is hardly worth the effort to charge to a SCB credit card

 

04Also-Ran: UOB

Type of spending (Cash rebate)

  • Shopping and dining - $1 spend gets 100% equivalent in reward points
  • Online shopping - $1 spend gets 150% equivalent in reward points

The Fine Print

  • 5 winners per day from 19 May to 30 Jun
  • Rebate is capped at $500 and $750 for shopping/dining and online transactions respectively

Comments

  • Pretty much a lucky draw with a very low probability of winning back what you spend

 

05Also-Ran: Maybank

Minimum Spending and Gift

  • $600 - $20 tr’eats vouchers (1st 500 redemptions)
  • $2,000 - Marriott Cafe Local High-Tea Buffet worth $76 (1st 300 redemptions)
  • $4,000 - Tommy Hilfiger Watch worth $289 (1st 150 redemptions

Comments

  • Low spending thresholds, so low that the gift were fully redeemed just days into the GSS

 

06Special Mention: Citibank

Citibank does not have a specific GSS promotion, but in a promotion marketed via a mailer (and only applicable for those who receive the mailer), Citibank credit cards offer a $100 rebate for a minimum of $1,000 spent in Jun 2011 (the rebate is $45 for $500 minimum spend). No SMS is required to qualify.


Conclusion

There is little to choose between this year's GSS credit card promotions. Might be worth it to make a shopping trip to Bangkok or Hong Kong instead.

 

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Last Updated ( Sunday, 05 June 2011 04:41 )  
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