February 04, 2021 Pexels Opinions expressed reflect the view of the writer (this is his story). The Singapore credit card market can be roughly divided into three segments based on income requirements. At the $30,000 mark lie the entry-level cards. Annual fees (usually waivable) fall in the $200 range, and there isn’t much in the way of additional benefits. A step above is the $120,000 segment, where annual fees range between $500 and $700, and banks start to get serious about card perks. Cardholders can expect benefits like unlimited lounge access, complimentary airport transfers, as well as special dining and hotel privileges. One more step above that is the so-called “$500,000 segment”, which is a bit of a misnomer because although some of these cards explicitly have $500,000 income requirements, others are invitation-only.