Steps to Select the Most Suitable Credit Cards for Your Spending Habits
Steps to Select the Most Suitable Credit Cards for Your Spending Habits
Blog Article
Tips for Choosing the Top Credit Cards for Your Spending Habits
Navigating the credit card benefits options can be confusing with so many alternatives available, each offering different miles, cashback, and bonuses. We've optimized the process to help you get started in less than 5 minutes, with perpetual monitoring so that you are always informed if there are more suitable options for you.
**Understanding Your Spending Habits**
The first step is to determine your monthly expenses across different categories such as:
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- Digital payments
- Tap-and-go
- Restaurant spending
- International payments
- Other expenditures
This information helps us identify your spending patterns and identify the most suitable group of credit cards based on your spend.
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**Custom Credit Card Recommendations**
Next, our automated tool compares your spending patterns with our repository of credit cards to evaluate the potential rewards you could earn from various credit cards, considering factors like incentive percentages, caps, and exclusions.
We ensure our database is current of credit card offers from all key financial players in Singapore, including reward and discount cards as well as Welcome Incentives.
We also suggest options for further optimization such as only looking at cards from specific banks or cards with no required first-year annual fee.
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**Ongoing Updates and Suggestions**
Since card benefits can change over time, our platform keeps track of its recommendations based on your spending and notifies you of changes needed in your card portfolio to enhance your benefit accrual. This proactive method ensures you always have the ideal set of cards to maximize your rewards and benefits.
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