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 Best Credit Cards for Your Spending Habits
Exploring the credit card benefits options can be overwhelming with so many alternatives available, each offering different miles, cashback, and bonuses. We've optimized the process to make it easier to start in less than 5 minutes, with continuous monitoring so that you are always aware if there are more suitable options for you.
**Analysing 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
- Food and beverage expenses
- Overseas spending
- General Spend
This information helps us better understand your spending patterns and recommend the optimal collection of credit cards based on your spend.
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**Tailored Credit Card Recommendations**
Next, our automated tool compares your spending patterns with our repository of credit cards to estimate the potential rewards you could earn from various credit cards, considering factors like earning ratios, caps, and exclusions.
We ensure our database is current of credit card offers from all major banks and financial institutions in Singapore, including miles and cashback cards as well as Welcome Incentives.
We also suggest options for further optimization such as only filtering cards by banks or no-fee options for the first year.
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**Continuous Monitoring and Recommendations**
Since credit card terms can change over time, our platform continuously updates its recommendations based on your spending and informs you of changes to optimize your setup to boost your rewards collection. This dynamic approach ensures you always have the ideal set of cards to achieve the highest returns.
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