Credit cards can help you save money if you are savvy. Although credit cards may seem intimidating at first, they become powerful money-saving tools when you learn how to use them responsibly. With finesse and a little effort, you can chalk up savings on practically everything you spend on, such as dining, travel and petrol. Below, we at GET.com share with you the five best perks you could enjoy if you have the right cards, along with some card recommendations.

5 Best Credit Card Perks Singaporeans Can Enjoy With The Right Cards

1. Free Travel Insurance

While not everyone will fork out money to ensure they have some form of travel protection each time they go overseas, having travel insurance is inherently important to make sure that you are covered if things don't go according to plan. The good news is, there are credit cards that offer free travel insurance. For example, the credit cards shown below offer complimentary travel insurance coverage of up to $1,000,000. To enjoy the perk, just make sure you charge your full travel fare to your credit card before heading overseas.

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Visa Infinite Credit Card

Visa Infinite Credit Card

Visa Infinite Credit Card
  • WELCOME GIFT: Receive 35,000 miles when you apply for your Standard Chartered Visa Infinite Card.
  • Earn 3 air miles (or 7.5X points) for every $1 overseas spend with minimum $2,000 spend in a statement cycle.
  • Earn 1.4 air miles (or 3.5X points) for every $1 local spend with minimum $2,000 spend in a statement cycle.
Get cash at 0%* p.a. interest for 6 months at a 1.99% processing fee (EIR from 4.12% p.a.) on the approved loan amount when you transfer funds from your Standard Chartered Credit Card. Visit on.sc/funds-transfer. T&Cs apply. With Funds Transfer, you can (i) transfer funds into any bank's current or savings account; (ii) pay your credit card bills from other banks; and (iii) pay your loan from other banks.25.9% p.a. (minimum)$588.50 (including GST)For Priority/Private Banking customers: Singapore Citizens and Permanent Residents: S$30,000 Foreigners with Employment Passes: S$60,000 For all other customers: S$150,000
Citi PremierMiles Visa Card

Citi PremierMiles Visa Card

APPLY NOWAt Citibank's secure website
  • Earn 30,000 Citi Miles* when you apply for a Citi PremierMiles Visa Card and spend S$7,500 within 3 months from date of card approval. Promotion is valid till 31 January 2019. Subject to payment of 1st year card annual fee.
  • Earn up to 10 Citi Miles per S$1 spend on online travel bookings. Pay directly with miles for flights, hotels and more.
  • Travel with miles that never expire.
APPLY NOWAt Citibank's secure website
Transfer your outstanding balances on any other bank's credit card or credit line to Citibank at 0% nominal interest rate for 3/6/12 months with upfront service fee from 1.58%. Eligible for new Citibank customers who apply for Citibank Ready Credit account with minimum $500 loan.26% per annum$192.60 (first year annual fee waiver)S$30,000 for Singaporean, Singapore PR; and S$42,000 for Foreigners
Citi Prestige Card

Citi Prestige Card

  • Receive a Welcome Gift of 62,500 Citi Dollars (25,000 Miles) when you apply for a Citi Prestige Card and upon payment of the annual fee.
  • Unlimited Airport Lounge Access.
  • Global Concierge.
Transfer your outstanding balances on any other bank's credit card or credit line to Citibank at 0% nominal interest rate for 3/6/12 months with upfront service fee from 1.58%. Eligible for new Citibank customers who apply for Citibank Ready Credit account with minimum $500 loan.26% per annum$535$120,000 p.a.
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  • Basic Card annual fee: $535 (inclusive of GST).
DBS Altitude Visa Signature Card

DBS Altitude Visa Signature Card

  • S$1 = 3 miles on online flight & hotel transactions (capped at S$5,000 per month).
  • S$1 = 2 miles on overseas spend (in foreign currency).
  • S$1 = 1.2 miles on local spend What’s more, your miles never expire!
25.90% p.a.$192.60 (waived 1 year)$30,000 per annum ((Singaporean and PR); S$45,000 and above per annum (Foreigner)

2. Free VIP Airport Lounge Access

Those who fancy the idea of travelling in style will appreciate getting complimentary VIP airport lounge access. Although credit cards with free airport lounge access exist, note that not all of them are created equal. DBS Altitude Visa Signature Card and Citi PremierMiles Visa Card give you complimentary access to Priority Pass airport lounges twice a year while Citi Prestige Card lets you enjoy unlimited Priority Pass lounge access.

3. Travel Savings

Depending on the credit card you hold, you may get to snag extra savings on travel when you book online. For instance, UOB YOLO Credit Card lets you enjoy 10% off hotel bookings from expedia.com.sg/uob and DBS Altitude Visa Signature Card lets you earn 10 miles per $1 spent on hotel bookings made at at kaligo.com/altitude, capped at S$5,000 per calendar month, valid till 31 December 2018. Now that you know there are such savings to be had, make sure to do a quick check online to see if the cards you have in your wallet can help you make every dollar go a little further!

4. 1-For-1 Dining Deals

It is an absolute shame if you have been paying full price for all the restaurant meals you've had thus far without using potential discounts that are lurking out there. For the most part, almost all credit cards in Singapore offer dining deals to cardholders. Some are more generous than others, some offer a host of 1-for-1 dining deals to pick from while others may offer discounts of around 15% to 30%. The restaurants that banks tie up with usually rotate after a few months, so be sure to check back for new cafes and restaurants you could explore with friends and family.

If you are a true blue foodie, you will love what The American Express® Platinum Credit Card has to offer. This credit card lets you enjoy Love Dining @ Restaurants privileges which offers 50% savings on food orders at a myriad of curated restaurants in Singapore when you dine with 1 dining companion. You will also get to enjoy Love Dining @ Hotels privileges year-round with savings of up to 50% on food bills for unlimited visits at selected 5-star hotels around Singapore.

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The American Express<sup>®</sup> Platinum Credit Card

The American Express® Platinum Credit Card

APPLY NOWAt American Express' secure website
  • Receive 1 night stay at Swissotel The Stamford Singapore upon payment of annual fees. Spend S$4,500 within 3 months of Card approval and receive Samsonite Sigma 76cm Expandable Spinner.
  • Love Dining @ Hotels offers you Savings of up to 50%* on food bills for unlimited visits at selected 5 star hotels around Singapore.
  • As part of the Love Dining @ Hotels programme, receive a complimentary The Far Card Classic Membership worth S$425 (inclusive of GST), which offers accommodation experiences as well as year-round savings of up to 50% on dining. The Far Card Classic Membership entitles you to special savings for unlimited visits at your choice of restaurants at Fairmont Singapore, Swissotel The Stamford Singapore and Swissotel Merchant Court.
  • S$20 CapitaVouchers for each approved supplementary, capped at S$40 CapitaVouchers per Card Member.
APPLY NOWAt American Express' secure website
24.99% p.a.S$321S$50,000 p.a. (S$60,000 p.a. for expatriates)

5. Petrol Savings

For those who drive, using the right credit cards can go a long way in helping you save a fair amount of money on fuel every month. Most banks in Singapore have tie-ups with petrol stations that offer you sweet deals and savings. Here's a quick rundown of what you can expect from the various banks in Singapore when it comes to petrol savings.

UOB

With UOB Fuel Power, UOB cardholders can enjoy up to 20.8% savings on fuel purchases at Shell stations islandwide and up to 24% at SPC. Be sure to whip out your SPC&U Card while you are at it.

Standard Chartered

Standard Chartered cardholders get to enjoy up to 25% savings on monthly fuel purchases at Caltex service stations when they spend at least $600 (inclusive of fuel purchases) on their card within the same calendar month. This promotion is valid till 30 June 2018. Keep in mind a rebate cap of $200 applies.

HSBC

HSBC cardholders get to enjoy 16% instant petrol discount and up to 5% cash rebates when they fill up at Caltex stations. If you are one to accumulate LinkPoints, know that you will also earn 3 LinkPoints for every 1 litre of fuel purchased. Additionally, HSBC cardholders can enjoy 14% instant petrol discount and up to 6% cash rebates at Shell. For the latter, remember to sign up for the HSBC-Shell Escape Programme as well.

OCBC

OCBC 365 Credit Card lets you enjoy up to 23% fuel savings at Caltex while OCBC Plus! Visa Credit Card lets you save up to 18.5% at Esso.

Citibank

Citi Cash Back Card lets you enjoy up to 20.88% Savings at Esso. All other Citibank credit cards let you enjoy 14% savings at Esso. Remember to bring your Smiles Card along when filling up!