How to Choose the Most Suitable Credit Cards for Your Spending Habits
How to Choose the Most Suitable Credit Cards for Your Spending Habits
Blog Article
Tips for Choosing the Most Suitable Credit Cards for Your Spending Habits
Exploring the credit card benefits arena can be daunting with so many selections available, each offering different rewards, incentives, and perks. Our system simplifies the process to assist you in beginning in less than 5 minutes, with perpetual monitoring so that you are always aware if there are improved choices for you.
**Evaluating Your Spending Habits**
The first step is to understand your monthly expenses across different categories such as:
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- E-commerce
- Contactless
- Dining
- Foreign Currency Spend
- General Spend
This information helps us better understand your spending patterns and determine the best set of credit cards based on your spend.
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**Personalized Credit Card Recommendations**
Next, our AI-driven platform compares your spending patterns with our database of credit cards to calculate 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 offers and conditions can change over time, our platform continuously updates its recommendations based on your expenses and alerts 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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