Which is the best Mastercard in Singapore?

Tay Jin Heok
Written By:
Tay Jin Heok
| Updated August 06, 2026
0
4 Mins Read
Part 39 of 50 from article series: Credit Cards General →
Which is the best Mastercard in Singapore?
Part of the SeriesCredit Cards 101

There isn’t a single “best” Mastercard in Singapore—the ideal card really depends on your personal spending style and priorities. Whether you’re after strong rewards, generous cashback, or travel perks, the best Mastercard for you will depend on whether you value rewards on daily spend, unlimited cashback, flexible air miles, or fee-free usage. 

Below are some of the top Mastercard options in Singapore, grouped by their main strengths.

Best for online and retail shopping: Citi Rewards Card

Earn 10X points (S$1 = 10 points) on online shopping (excl. travel) and in-store spend at department and clothing stores, capped at 9,000 bonus points/month. Points last 5 years and can be used to offset purchases via Citi Pay with Points, or redeemed for vouchers.

Best miles: Citi PremierMiles Card

Earn flexible miles that do not expire. Ideal for frequent travellers who want flexibility and strong conversion rates on overseas spend.

Best cashback: CIMB World Mastercard

Enjoy 2% unlimited cashback on all spend with no annual fee or minimum spend required. A top choice for simplified, flat-rate rewards.

Best for daily spend and transport: POSB Everyday Mastercard

Offers up to 10% cash rebates on dining and 10% rebates on public transport (SimplyGo transactions). Great for regular commuters and those who spend consistently on daily essentials.

Top 2026 Mastercard highlights

Here’s a quick look at stand-out Mastercard features in 2026:

  • CIMB World Mastercard offers a 2% unlimited cashback rate, with no annual fee.

  • Citi Cash Back+ Card provides about 1.6% unlimited cashback, with minimal restrictions.

  • YouTrip Mastercard remains a favourite for 0 FX fees—perfect for overseas expenditure or frequent online purchases in foreign currencies.

To find the best Mastercard for your needs, it helps to first consider your own spending profile. Ask yourself:

  • What's my primary spending category? (e.g., dining, online shopping, travel, or groceries)

  • Do I prefer cashback or air miles?

  • Is having a no annual fee card important to me?

Once you've nailed down your priorities, matching them against the cards above should make the right pick a lot clearer.

💡 MoneySmart Tip

Use trusted online comparison tools like MoneySmart's credit card comparison to explore rewards, cashback rates, annual fees, and eligibility across major banks in Singapore—helping you find the card that best suits your spending habits, quickly.

Was this article useful?
0 person found this useful
Part of the SeriesCredit Cards 101
Tay Jin Heok
Written By:Tay Jin HeokCopywriter
Tay Jin Heok aspires to join the ranks of financial titans like Scrooge McDuck and Mr. Krabs, though he’s still perfecting their knack for turning pennies into fortunes. A self-proclaimed personal finance enthusiast, he has generously decided to share his insights into the money world with his readers. When he’s not demystifying finance, you’ll find him sweating it out in online multiplayer games or scrolling aimlessly through social media.