Top 5 Credit Cards for the Richest Women in Singapore
As we learn that women in Singapore earned only 87.5% of what men earned on average last year, it becomes crucial that women make even more careful financial choices to take care of their hard-earned cash.
That said even the richest woman in Singapore, reported to be Chew Gek Khim whose family is estimated to have a net worth of $1.85 billion could also use a decent credit card when she’s out spending.
Indeed, Chew Gek Khim is in good company amongst the richest women in Singapore who include politician Halimah Yacob, healthcare CEO Ivy Ng, luxury resort brand founder Claire Chiang, architect firm CEO Angelene Chan, banker Grace Fu, real estate tycoon Kemmy Tan, chemist Olivia Lum and telco head Chua Sock Koong.
According to Forbes, women make up 70-80% of consumer spending, so companies are scrambling over themselves to release credit cards that appeal to the female market. Here we run down the top 5 best credit cards for the richest women in Singapore, guaranteed to be gender pay gap and rich list friendly.
DBS Woman’s Mastercard
With this card from Singapore’s favourite bank, you get two free visits each month to True Fitness or True Yoga for you and a friend and even better perks if you sign up for a year-long membership with the workout studios. If you’re a fitness fanatic who loves nothing more than working up a sweat or practising your downward facing dog, this is the credit card for you.
When it comes to spending, you can enjoy 5 DBS points for every S$5 spent online. These can be spent on future purchases or converted into air miles. You’ll also get excellent discounts on shopping, travel and eating out, including deals with top Singapore wedding venues and beauty spas making this one great for future brides.
For Singaporeans only, you must be earning over S$30,000 and aged 21 or over to be eligible for this pretty piece of plastic.
Citi Rewards Card
Shopping with your Citi Rewards Card will furnish you with an enormous 10 reward points for every Singaporean dollar you spend. The points are valid for five years and you can enjoy splurging them on flights, vouchers and gadgets. You are also entitled to rebates on grocery shopping, retail purchases and dining bills.
Citi’s exclusive collaborations with Agoda, Expedia, Esso and Shell will make your travel cheaper, and you’ll even get free travel insurance when you book your flights using your Citi Rewards card.
Any household bills that you pay for using your card will add to your air miles or reward points. Fancy being rewarded for paying your tax, rent, school fees, electricity bill or condo management fees!
To qualify you will need to be 21 or over and earning more than S$30,000.
UOB Ladies Card
Under the catchy slogan, “The men don’t get it”, this card has been designed exclusively with women in mind. Cinema buffs will love this card, catch the latest blockbuster using the discount that comes exclusively with your new card.
And that’s not all, as well as S$5 for every S$5 spent, this card also offers the LuxePay Plan, a way to pay for your luxury one-off spends worth more than S$500 across 6 to 12 month of free instalments. Did someone say Louis Vuitton handbag?
Discounts to healthcare services, kids’ dining at hotels and resorts, free shopping mall parking and complimentary bottles of wine are going to make your lady’s leisure time much more enjoyable when flashing this card.
As well as of course being female, you must be earning over S$30,000 to qualify for this card.
OCBC 365 Card
Dedicated to helping women spend less, this card offers 3% cashback on online shopping, 6% cashback on weekend dining, 3% cashback on weekday dining, 3% cashback on groceries and savings on petrol. These everyday savings will make a huge difference to most women, especially those who have a family. That means it’s time to shop til you drop or head off on a girls’ night out!
If you’re jetting off somewhere, OCBC will cover the cost of your travel insurance if you book flights using your card, they’ll also reimburse you for 3% of recurring telco bills.
Card applicants must be over 21 and earning more than S$30,000.
Maybank World MasterCard Credit Card
If you love nothing more than a luxurious pampering treatment in a relaxing spa, this is the card for you. You earn TREATS points or air miles for every S$1 spent on your card which can be reimbursed for more wellness treatments at the glorious The Luxe House or spent on flights for you and a friend or partner.
Not only that, but Maybank has partnered with a whole host of luxury merchants, spas and beauty salons to make enjoying the life of luxury that little bit easier.
As a woman in Singapore, you need to take care of your cash and make smart money moves wherever you can. The likelihood is that the richest women in Singapore will be spending on these cards to make their hard-earned Singaporean dollars go further when they enjoy their leisure time, be it dining out or working out, shopping or cinema or taking care of life’s essentials, whether it’s the electricity bill, petrol for the car or shopping for groceries.
With our list of the best credit cards for women in Singapore, you can rest easy knowing your spending is going to be richly rewarded.