Say Goodbye to Credit Card Annual Fees in Singapore!

Singapore Credit Cards

Do you enjoy ease and comfort of cashless transactions? Most Singaporeans own two or more cards and also love a good deal. Credit card companies have tapped into this urge to earn reward points and redeem them.

You enjoy great deals from signing bonuses to mileage points and cash backs, but it comes at a price. Cards that offer better rewards usually come with hefty annual/membership fees, which can burn a hole in your pocket in the long run.

Avoid pricey annual fees

While credit cards have zero annual fees in the first year, recurring charges make their way into your statement when you’re not looking.

You cough up the amount even as your mind rebels against it. Sometimes the bank allows you to trade loyalty points against the annual charge.

Did you know you could get your fee waived?

This isn’t a time consuming process either.

Get fee waiver with a call

Getting your credit card company to cancel your annual fees is quite easy. You can save $100 and more in card fees. It’s so simple; you’ll regret not using this technique sooner.

While the standard advice is to threaten to cancel the card, you don’t have to take a ninja stance as yet.

How does this work?

Just call up your bank’s customer service. With numerous requests for annual fee waiver pouring in, many banks have created an automatic system to handle waivers.

If you own a popular credit card, you just press a few phone options and the system does the rest. If this doesn’t work, your call is transferred to a customer service officer, who will approve your request based on your credit card usage as long as you ask (even with zero usage).

An Overview

Singapore Credit Card Annual Fees Waiver

Specific instructions (Updated on 25 January 2018)

American Express (Manual)

Logo of American Express

  1. Call 1800-392-2020 (Singapore) or 65-6392-2020 (Overseas)
  2. Enter Credit Card number
  3. Enter 4-digit Customer Passcode/Password
  4. OR hold the line & enter Date of Birth in DDMM format
  5. Press 0 to speak to a Customer Care Professional
  6. Inform him/her that you wish to request for an annual fee waiver

 

Citibank (Manual)

Citibank Logo

  1. Call 65-6225-5225
  2. Enter NRIC or Credit Card number
  3. Press 2 to continue with Self-Service Banking
  4. Press 2 to request One-time PIN via SMS
  5. Enter your 6-digit One-time PIN
  6. Press 0 to speak to a Citi phone officer
  7. Inform Citi phone officer that you wish to request for an annual fee waiver

 

HSBC (Automated)

HSBC Logo

  1. Call 1800-227-6868 (Singapore) or 65-6227-6868 (Overseas)
  2. Press 2 for credit card fee waiver
  3. Press 1 for membership fee
  4. Press 2 to continue
  5. Enter Credit Card number
  6. Enter your mobile phone number + # key
  7. If successful, an SMS will be sent to you in 5-7 working days. If unsuccessful, a customer service officer will contact you.

 

OCBC (Automated)

OCBC Logo

  1. Call 1800-363-3333 (Singapore) or 65-6363-3333 (Overseas)
  2. Select language
  3. Say Request Fee Waiver
  4. Say Credit Card Charges
  5. Enter NRIC + # key
  6. Enter Credit Card number + # key
  7. Enter your mobile phone number
  8. Press 1 to confirm
  9. Wait for message to inform you that We received your request to waive your fee and will notify you in 5 business days

 

POSB (Automated)

POSB Logo

  1. Call 1800-339-6666 (Singapore) or 65-6339-6666 (Overseas)
  2. Hold for English language
  3. Enter NRIC or Credit Card number + # key
  4. Press 1 to proceed without PIN
  5. Press 7 to skip to fee waiver request
  6. Press 1 for credit card fee waiver
  7. Press 1 for credit card fee waiver
  8. Enter Credit Card number + # key
  9. Press 3 for annual fee waiver
  10. Wait for message to inform you that your annual fee will be waived

 

Standard Chartered (Automated)

Standard Chartered Logo

  1. Call 1800-3333-969 (Singapore) or 65-6333-3969 (Overseas)
  2. Press 1 for English
  3. Press 4 account related enquiries
  4. Enter NRIC + # key
  5. Enter your 6-digit One-time Password (sent to your registered mobile number)
  6. Press 2 for credit card or personal loan
  7. Press 1 for credit card
  8. Press 1 for fee waiver
  9. Press 1 for annual fee waiver
  10. Enter Credit Card number
  11. Enter Date of Birth in DDMMYYYY format
  12. Wait for message to inform you that your fee waiver will be reflected in your account in 2-3 working days

 

UOB (Automated)

UOB Logo

  1. Call 1800-355-1212 (Singapore) or 65-6355-1212 (Overseas)
  2. Select language
  3. Enter NRIC or Credit Card number
  4. Press 1 to confirm
  5. Press 3 to leave contact details for fee waiver
  6. Press 1 for credit card fee waiver
  7. Press 1 for membership fee waiver
  8. Enter your mobile phone number + # key
  9. Press 1 to confirm
  10. Enter Credit Card number + # key
  11. Press 1 to confirm
  12. UOB will review and update you on the status via SMS or phone call within 5-7 business days

Spare a few minutes of your time today and save yourself hundreds of dollars in recurring fees. Try it for yourself and let us know how it goes.

If you found this tip useful, share it with family and friends.

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