BEST 5 Cashback Cards For Beginners

In this video, I’ll share what are my top 5 credit cards for beginners.

CREDIT CARDS

INVESTING

ROBOADVISORS

CRYPTO

PAYMENT
► DBS Paylah (free $5) CODE "AHVULE614"

LIFESTYLE

SOCIALS

0:00 - Intro

0:34 - Card #1
UOB One card gives 3.33% cashback if you can spend $500 to $1999 consecutive 3 months. 5% cashback if you spend $2k or more. There are additional cashbacks for Shopee, Dairy Farm merchants, Grab, SP bills.

3:43 - Card #2

Citi Cashback+ card gives 1.6% cashback, no minimum spend and no cashback cap.

5:27 - Card #3
UOB Absolute Cashback card gives 1.7% cashback, no minimum spend and no cashback cap. You can even use it to pay insurance, and wallet topups like GrabPay. But because its an AMEX card, it may not be accepted everywhere.

Tutorial on how to pay insurance through GrabPay with this card

7:51 - Card #4
Standard Chartered Spree card gives 2% cashback for local contactless spend, 1% cashback for other local spend, 3% for oversea currency spend. There’s a $30 cashback cap.

9:20 - Card #5
UOB Evol card gives 8% cashback for contactless spend and online spend. There’s a minimum $600 spending requirement and $20 cashback cap for each category.

*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Some of the links and other products that appear on this video are from companies which Kelvin Learns Investing will earn an affiliate commission or referral bonus.*

[genius_dude]

Thank you for this video! It was surely very insightful and love your enthusiasm whenever you're talking about the topic

[SlashOMine]

Hi kelvin. Im using citi smrt thanks to ur previous video! Not much money to spend lol

[REDREDStrawberry]

How to improve credit score with out CPF. Contribution. Example self employed/ free lance

[garyhb]

also heard that POSB everyday and DBS woman's /DBS woman's world card not bad as well.

[Eric-izeb]

Great cards from cashback camp. I belong to the miles camp however 🤭

[Bllo]

I think for UOB 1, the user needs to take note that the cashback is based on every quarter cycle and consecutive months...

Meaning if their quater cycle is Jan-Mar, Apr-June, July-Sept etc... if you spend from Feb-Apr, you are not entitled for the cashback... it's better to check with the bank what is the quarterly cycle first...

[garyhb]

​ @Kelvin Learns Investing Thanks for your video, Kelvin. As usual, very interesting insights on the CCs you mentioned above. Glad to say, I'm using one of them. Also keep up the good work on your YT channel, your videos sibeh funny!! May I request if you are free to do a video on tips and tricks when using CCs. e.g. advantages of CC over DC, annual fee waiver, etc. Love your work bro, keep it up!

[shuhang]

Plz do a credit card churning guide. There isnt any good guide for SG currently.

[liewchinlee]

hi, can i check w u, If my monthly expenses is super duper low like not more than 300sgd, will the second / third card suits me more ? And which card would u recommend for Nsf to start building their credit score assuming they spend super little on everything

[DoJoe.]

Bro, possible to share with us what is the best way to take an asset backed loan on stocks in Singapore?

[Nur-eygr]

Is the UOB Absolute card good for like online shopping, restaurants, everyday use? The UOB sounds great for all that but i am a low spender. I dont think i can hit the minimum spend. If yes, means that the absolute card only gives cashback for premiums, wallet pay, etc?

[stann]

the issue now is that, whenever you top
up your grab wallet with a credit card, theres a fee that comes with it so if the cashback is very little, it might not be worth it

[justjames]

I don't think it's called "earning", It is more on spending. Credit cards are a good emergency backup, but it is not in any way an advantage in getting a credit card lor. Later show me a picture of a goldfish ok

[kelline]

i have UOB One, but i dont spend over 600 per month, lol. my main card is HSBC Advance, so sad never make it to your top 5. Maybe i should switch over to UOB One as main card. Thanks for the content and advise. Great Vedio.

[ianc]

Me using the UOB one card like for literally everything is very sad to know that the 2000/month will now only get you $200 every quarter.

[Hilako]

Is there anyway to check if we are eligible for the sign up gift if we unsure when was the last time we cancel our credit cards?

[hdg]

You missed out the annual fee for each card.

[kzwky]

Hello Kelvin, would like to ask if there is a way to get cashback or interest by paying S&CC?

[stoicbrood]

hi kelvin for sc unlimited if we stop up to grabpay do we get any cashback?

[zerpulse]

I prefer SC Unlimited cashback, no hassle and the POSB Everyday Card = can apply for installment of up to 12mnths with 0 processing fee 😄

I'm not sure if there are any CONS for these 2 cards that I'm not aware about...