Yes, non-residents can apply for a credit card in Singapore. Many banks and financial institutions in Singapore offer credit cards specifically designed for non-residents or foreigners working or residing in the country. However, the specific eligibility criteria and requirements may vary depending on the bank and the type of credit card.
Typically, as a non-resident, you will need to meet certain criteria and provide specific documents to apply for a credit card in Singapore. Here are some common requirements:
- Valid Passport: You will need to provide a copy of your passport, which should be valid for at least six months.
- Employment Pass or Work Permit: Non-residents in Singapore must have a valid Employment Pass (EP) or Work Permit (WP) issued by the Ministry of Manpower. The type of pass or permit required may vary depending on your employment status.
- Minimum Income: Banks usually set minimum income criteria for credit card applications. The specific income requirement may vary depending on the bank and the type of credit card you are applying for. You can check with the respective bank for their income requirements.
- Proof of Residence: You may be asked to provide proof of your residential address in Singapore. This can be in the form of utility bills, bank statements, or other official documents that clearly show your name and address.
- Employment Documents: Banks may require employment documents such as an employment letter from your employer, recent payslips, or income tax statements to verify your employment and income.
- Credit History: While not explicitly mentioned by all banks, having a good credit history can increase your chances of credit card approval. If you have a credit history in Singapore or in your home country, it may be beneficial to provide relevant documentation to support your application.