SingSaver Best Deal Guarantee: Highest offers and lowest premiums, or extra rewards

Expired

From now till 7 January 2024, SingSaver is promising the best deals for credit cards and insurance premiums- or rewarding you with at least 2X the difference, capped at S$300.

 The following is a sponsored post by SingSaver. Opinions remain those of The MileLion.

You might be familiar with the concept of a “best rate guarantee” in the hotel world, where a hotel promises that if you book on its official website and subsequently find a lower price elsewhere, it’ll match that rate and throw in some extra compensation.

SingSaver is now pledging to do the same with the launch of its Best Deal Guarantee programme, the first of its kind in the industry. 

Simply put: SingSaver is saying that its credit card offers and insurance premiums won’t be beat, and if you find higher offers or lower premiums elsewhere, they’ll reward you with at least 2X the difference (capped at S$300) in Grab vouchers.

Here’s how it works.

Details: SingSaver Best Deal Guarantee

Best Deal Guarantee
T&Cs

The pilot for SingSaver’s Best Deal Guarantee programme runs from 25 October 2023 to 7 January 2024, and covers credit cards from CIMB, HSBC, Maybank, OCBC and StanChart, together with selected insurance policies. 

During this period, if you apply for a participating credit card or insurance policy and:

  • In the case of a credit card, find a higher offer elsewhere
  • In the case of an insurance policy, find a lower premium elsewhere

You can file a Best Deal Guarantee claim via this link, which requires: 

  • Proof of application for card or purchase of insurance policy via SingSaver
  • Proof of third party offer, which includes the URL for where the third party offer is found and relevant screenshots

SingSaver will assess your claim and provide a decision within 10 working days via email. If your claim is successful, you’ll receive Grab vouchers as follows:

Difference in value between SingSaver and third party offerGrab voucher reward
S$0.01-S$4.99S$10
S$5-S$9.99S$20
S$10-S$19.99S$40
S$20-S$49.99S$100
S$50-S$99.99S$200
>S$100S$300

This represents at least 2X the difference in value, capped at S$300. 

The Grab vouchers will be paid out within 16 weeks. The reason for the 16-week window is because SingSaver needs to determine your eligibility for the offer in question, which in turn is dependent on when the bank provides the report. 

Here’s an example:

  • John applies for Credit Card A through SingSaver, which offers new-to-bank customers a S$300 cash gift with a S$500 minimum spend in the first 30 days
  • He subsequently discovers that if he applied for Credit Card A through Competitor X, he would have been eligible for a S$350 cash gift with a S$500 minimum spend in the first 30 days
  • John files a Best Deal Guarantee and receives provisional approval. Based on the S$50 difference, he is eligible for S$200 Grab vouchers
  • John must then proceed to complete the minimum spend of S$500 and other eligibility criteria for Credit Card A’s sign-up gift
  • He will receive the S$300 cash gift + S$200 Grab vouchers within 16 weeks of the end of the promotion period

Do note that if John fails to complete the eligibility criteria for Credit Card A, he will not be entitled to the Grab vouchers. In other words, Best Deal Guarantee isn’t based on what you’re hypothetically entitled to; it’s based on what you’re actually entitled to.

For credit cards, the higher offer must be:

  • In the form of cash, gift card, coupon, voucher or physical reward
  • Available online to the public for at least 24 hours from the time the claim is submitted to SingSaver, if the higher offer has not been previously submitted under the same product conditions
  • Offered by a Singapore price comparison site (including blogs, but excluding cashback sites such as Shopback) or directly by the actual product provider
  • Offered under the same conditions as the SingSaver gift (e.g. minimum spend, eligibility criteria)

For insurance policies, the lower premium must be:

  • Available online to the public for at least 24 hours from the time the claim is submitted to SingSaver, if the higher offer has not been previously submitted under the same product conditions
  • Offered under the same conditions as the SingSaver gift (e.g. same risks insured, same policy duration)

Please refer to the Terms and Conditions for the full rules governing the Best Deal Guarantee promotion. 

Any enquiries about the Best Deal Guarantee promotion should be sent to [email protected]

Participating Credit Cards

Here’s the full list of credit cards participating in the Best Deal Guarantee.

CIMB Bank

CIMB Bank

ProductSign-Up Gifts
(Pick One)
CIMB Visa Infinite
Apply
  • Dyson Supersonic hair dryer (worth S$699)
  • Apple iPad 10.2″ WiFi 64GB (worth S$503.65)
  • S$350 cash

Fulfilled by SingSaver

CIMB Visa Signature
Apply
  • Dyson Supersonic hair dryer (worth S$699)
  • Apple iPad 10.2″ WiFi 64GB (worth S$503.65)
  • S$350 cash

Fulfilled by SingSaver

CIMB World Mastercard
Apply
  • Dyson Supersonic hair dryer (worth S$699)
  • Apple iPad 10.2″ WiFi 64GB (worth S$503.65)
  • S$350 cash

Fulfilled by SingSaver

HSBC

HSBC

ProductSign-Up Gifts
(Pick One)
HSBC Revolution
Apply
  • New-to-bank
    • S$150 eCapitaVoucher and Samsonite ZELTUS 69cm Spinner Exp
    • S$150 eCapitaVoucher and S$150 cashback
  • Existing
    • S$50 eCapitaVoucher and S$50 cashback

eCapitaVoucher fulfilled by SingSaver
Other gifts fulfilled by HSBC

HSBC TravelOne Card
Apply
  • New-to-bank
    • S$150 eCapitaVoucher and 20,000 miles
    • S$150 eCapitaVoucher and first year fee waiver
  • Existing
    • S$50 eCapitaVoucher and 20,000 miles
    • S$50 eCapitaVoucher and first year fee waiver

eCapitaVoucher fulfilled by SingSaver
Other gifts fulfilled by HSBC

Maybank

Maybank

 

Note: With the exception of the Maybank Manchester United Platinum Visa Card (S$50 cash), SingSaver is not offering a welcome gift for any Maybank credit card. The gifts you see below are fulfilled by Maybank.

Therefore, in this case SingSaver’s Best Deal Guarantee will be activated if a competitor site starts offering an additional gift on top of the Maybank offers during the Best Deal Guarantee period.

ProductSign-Up Gifts
(Pick One)
Maybank DUO Platinum Mastercard
Apply
  • 2x American Tourister Linex Spinner 66/24
  • Apple AirPods 3rd Gen with Lightning Charging Case
  • S$200 cash credit

Fulfilled by Maybank

Maybank Family & Friends Card
Apply
  • 2x American Tourister Linex Spinner 66/24
  • Apple AirPods 3rd Gen with Lightning Charging Case
  • S$200 cash credit

Fulfilled by Maybank

Maybank FC Barcelona Visa Signature
Apply
  • 2x American Tourister Linex Spinner 66/24
  • Apple AirPods 3rd Gen with Lightning Charging Case
  • S$200 cash credit

Fulfilled by Maybank

Maybank Horizon Visa Signature
Apply
  • 2x American Tourister Linex Spinner 66/24
  • Apple AirPods 3rd Gen with Lightning Charging Case
  • S$200 cash credit

Fulfilled by Maybank

Maybank Manchester United Platinum Visa
Apply
  • S$50 cash + 2x American Tourister Linex Spinner 66/24
  • S$50 cash +  Apple AirPods 3rd Gen with Lightning Charging Case
  • S$50 cash + S$200 cash credit

S$50 cash fulfilled by SingSaver
Other gifts fulfilled by Maybank

Maybank Platinum Visa
Apply
  • 2x American Tourister Linex Spinner 66/24
  • Apple AirPods 3rd Gen with Lightning Charging Case
  • S$200 cash credit

Fulfilled by Maybank

Maybank World Mastercard
Apply
  • 2x American Tourister Linex Spinner 66/24
  • Apple AirPods 3rd Gen with Lightning Charging Case (worth S$261.40)
  • S$200 cash credit

Fulfilled by Maybank

OCBC

OCBC

ProductSign-Up Gifts
(Pick One)
OCBC 365 Card
Apply

  • Samsonite Volant Spinner 68/25 Exp + 2x Apple AirTag (worth S$570)
  • Apple iPad 9th Gen 10.2″ WiFi 64GB (worth S$503.65)
  • Apple AirPods Pro Gen 2 + MagSafe Charger (worth S$421.35)
  • S$320 cash

Fulfilled by SingSaver

OCBC 90°N Mastercard
Apply
  • Samsonite Volant Spinner 68/25 Exp + 2x Apple AirTag (worth S$570)
  • Apple AirPods Gen 3 + MagSafe Charging Case + MagSafe Charger (worth S$330.50)
  • S$300 eCapitaVoucher
  • S$280 cash

Fulfilled by SingSaver

OCBC 90°N Visa
Apply
  • Samsonite Volant Spinner 68/25 Exp + 2x Apple AirTag (worth S$570)
  • Apple AirPods Gen 3 + MagSafe Charging Case + MagSafe Charger (worth S$330.50)
  • S$300 eCapitaVoucher
  • S$280 cash

Fulfilled by SingSaver

OCBC Titanium Rewards
Apply
  • Samsonite Volant Spinner 68/25 Exp + 2x Apple AirTag (worth S$570)
  • Apple AirPods Gen 3 + MagSafe Charging Case + MagSafe Charger (worth S$330.50)
  • S$300 eCapitaVoucher
  • S$280 cash

Fulfilled by SingSaver

Standard Chartered Bank

StanChart

ProductSign-Up Gifts
(Pick One)
SCB Journey Card
Apply
  • S$120 cash and up to 35,000 bonus miles*

Cash fulfilled by SingSaver
Miles fulfilled by StanChart
*With first year fee waiver. If you want to pay the S$194.40 annual fee for an additional 10,000 miles, apply via this link instead

SCB Rewards+ Card
Apply
  • Apple AirPods Gen 3 + MagSafe Charger (worth S$330.50)
  • S$280 cash

Fulfilled by SingSaver

SCB Simply Cash Card
Apply
  • Sony WH-1000XM5 Headphones (worth S$575)
  • Apple iPad 9th Gen (worth S$503.65)
  • Apple AirPods Pro Gen 2 + MagSafe Charger (worth S$421.90)
  • S$380 cash

Fulfilled by SingSaver

SCB Smart Card
Apply
  • Apple AirPods Gen 3 + MagSafe Charger
  • S$280 cash

Fulfilled by SingSaver

Do note that the gifts shown are accurate as of 27 October 2023, and may subsequently change during the promo period. Clicking on the links will send you to the landing page which shows the most current offers. 

Here’s a reminder of the definitions of new-to-bank customers for each of the respective banks.

CardDefinition
CIMB CardsDoes not hold an existing CIMB principal credit card currently, or in the past 12 months prior to application
HSBC CardsDoes not hold an existing HSBC principal credit card* currently, or in the past 12 months prior to application
Maybank CardsDoes not hold an existing Maybank principal credit card or CreditAble account currently, or in the past 9 months prior to application
OCBC CardsDoes not hold an existing OCBC principal credit card currently, or in the past 6 months prior to application
SCB CardsDoes not hold an existing SCB principal credit card currently, or in the past 12 months prior to application
*Excluding the HSBC TravelOne Card or HSBC Visa Infinite

A minimum spend requirement also applies to all cards, as stated below.

CardMin. Spend
CIMB CardsS$988 within 60 days of approval
HSBC Cards No min. spend for SingSaver gift
HSBC gift: S$1,000 within 1-2 months
Maybank No min. spend for SingSaver gift
Maybank gift: S$600 per month for the first 2 months of approval
OCBC CardsS$500 within 30 days of approval
SCB CardsNo min. spend (Journey)
S$250 within 30 days of approval (Rewards+, Smart)
S$500 within 30 days of approval (Simply Cash)

Participating Insurance Policies

Here’s the full list of insurance policies participating in the Best Deal Guarantee.

Travel Insurance
Car Insurance
Home Insurance
  • Etiqa Insurance TIQ Home Insurance
  • FWD Home Insurance
  • Great Eastern Home GR8 Plus
  • HLAS Home Protect360
  • MSIG Enhanced HomePlus
  • Singlife Home Lite
Domestic Helper Insurance

FAQs

Q: How long must the competing offer be available for?

A: The competing offer must be available for a minimum of 24 hours from the time and date the claim is submitted to SingSaver. This provides the team with time to verify the details of the claim.

However, this 24 hour window begins from the time the first claim of its sort is submitted. For example, suppose John spots that Competitor X is offering a higher offer for Card Y. He files a Best Deal Guarantee claim, which is subsequently approved.

The following day, Jane submits an identical claim, but 12 hours later Competitor X ceases to run the higher offer. Jane will still be eligible for approval, since the first instance of this being reported came with John. 

Q: Can I file a claim based on an MGM offer?

A: No. MGM offers are not available to the general public, and are not covered by this Best Deal Guarantee.

Q: Do I need to pick the highest value gift in order to make a claim?

A: No. Suppose SingSaver offers two gifts for a particular credit card: S$300 cash and a gadget with a value of S$350. I apply and choose the cash, but the next day I find a competitor offering a gadget with a value of S$370. I can file a claim even though I did not pick the higher value gift.

In other words, it doesn’t matter what gift you chose from SingSaver, only that the highest value gift that SingSaver offered for your particular credit card was beat by a competitor. 

Q: Can I file a claim for a gift I’m not entitled to? 

A: No. To file a claim, you must be eligible for that particular gift which you are trying to match. 

For example, suppose you apply via SingSaver for Credit Card A as an existing customer. You later discover that Competitor X is running a higher offer for Credit Card A for new customers. You will not be able to file a claim because you personally are not eligible for the new customer offer.

Of course, a new customer who applies via SingSaver for Credit Card A would be able to file a claim based on Competitor X’s offer.

Conclusion

SingSaver’s Best Deal Guarantee promises that customers can expect the highest offers and lowest premiums when applying for cards or insurance policies via SingSaver. If a better deal is found elsewhere, SingSaver will reward you with Grab vouchers to make up the difference.

Don’t forget that SingSaver is also running a 101 Milestone Giveaway, which features a prize pool of up to S$200,000, on top of the usual sign-up gifts. All applicants for eligible products are automatically entered.

Read more about this in the post below.

SingSaver 101 Milestone Giveaway: S$200K lucky draw, plus regular welcome offers

Aaron Wong
Aaron Wong
Aaron founded The Milelion to help people travel better for less and impress chiobu. He was 50% successful.

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Jake

Do you think this will have any impact? I highly doubt there are sites with better credit card sign ups then Singsaver…

CREDIT CARD SIGN UP BONUSES

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