Tips for Choosing the Most Suitable Credit Cards for Your Spending Habits
Tips for Choosing the Most Suitable Credit Cards for Your Spending Habits
Blog Article
How to Choose the Most Suitable Credit Cards for Your Needs
Navigating the credit card rewards arena can be confusing with so many choices available, each offering different miles, cashback, and bonuses. We've optimized the process to assist you in beginning in less than 5 minutes, with perpetual monitoring so that you are always aware if there are more suitable options for you.
**Understanding Your Spending Habits**
The first step is to analyze your monthly expenses across different categories such as:
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- Online
- Tap-and-go
- Dining
- Overseas spending
- Other expenditures
This information helps us better understand your spending patterns and recommend the most suitable group of credit cards based on your spend.
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**Personalized Credit Card Recommendations**
Next, our artificial intelligence system compares your spending patterns with our repository of credit cards to calculate the potential rewards you could earn from various credit cards, considering factors like reward rates, caps, and exclusions.
We keep a current repository of credit card offers from all key financial players in Singapore, including miles and cashback cards as well as Enrollment Offers.
We also suggest options for further optimization such as only looking at cards from specific 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 needed in your card portfolio to maximize your benefit accrual. This dynamic approach ensures you always have the ideal set of cards to achieve the highest returns.
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