Compare the Best Cashback Credit Cards in Singapore 2018

Updated July 2018

Earn up to 8% cash rebates with a cashback credit card. Compare and find the best cashback credit card to earn the highest rebates based on your spending habits.

Other Cash Back Cards
American Express True Cashback Card
Excellent
American Express True Cashback Card
Excellent

1.5%

Cash Back on All Spend

Unlimited

Cash Back Cap

S$0

Min. Spend per month

Cash Back Features

  • Apply through MoneySmart from 22 Jun - 16 Jul 2018 to get S$100 worth of Groceries, Dining, AND Shopping Vouchers. Application must be approved by 30 July 2018. Submit your (i)Contact Details and (ii)14-digit Reference Number on the Thank You Page upon completion at this link before 16 Jul 2018. T&Cs
  • 1.5% Cashback on any purchase you make, anytime
  • 3% Cashback for the first 6 months up to $5000 spend
  • Enjoy first year fee waiver
  • Eligible for use with Apple Pay

Annual Rates

Principle Annual Fee
$171
Supplementary Annual Fee
85.6
Fee Waiver
1 year fee waiver for Principal card, perpetual fee waiver for first 2 supplementary cards
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$60,000
HSBC Advance Credit Card
Excellent
HSBC Advance Credit Card
Excellent

Up to 3.5%

Cash Back on All Spend

S$70

Cash Back Cap per month

S$0

Min. Spend per month

  • Option 1: Get a Samsonite Astra 55cm luggage (worth S$350)
  • Option 2: S$100 Cash Back

Cash Back Features

  • 1.5% Cash Back on all purchases with no minimum spend / 2.5% Cash Back on all purchases with $2,000 minimum spend per month. Capped at $70 per month
  • For HSBC Advance banking customers: 2.5% Cash Back on all purchases with no minimum spend / 3.5% Cash Back on all spend with S$2,000 minimum spend per month. Capped at S$125 per month
  • 1st year principal card annual fee waiver for non-HSBC Advance banking customers / Perpetual principal card annual fee waiver for HSBC Advance banking customers
  • Perpetual supplementary card annual fee waiver

Annual Rates

Principle Annual Fee
$193
Supplementary Annual Fee
0.0
Fee Waiver
1 year card annual fee waiver / Perpetual card annual fee waiver for HSBC Advance banking customers
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$40,000
OCBC 365 Credit Card
Excellent
OCBC 365 Credit Card
Excellent

6%

Cash Back on Weekend Dining (Local)

S$80

Cash Back Cap per month

S$600

Min. Spend per month

Cash Back Features

  • 3% Cashback on Weekday and Overseas Dining, Grocery and Recurring Telecommunications bills, and all Online spend
  • 6% Cashback on Weekend Dining
  • Up to 23.8% Fuel Savings at selected petrol stations
  • Minimum spend of $600/month, $80 cap /month. For spend less than $600, a flat 0.3% cashback is awarded

Annual Rates

Principle Annual Fee
$193
Supplementary Annual Fee
96.3
Fee Waiver
2 years fee waiver for both Principal and Supplementary cards, subsequent years waived for Principal card with min. spend of $10,000 p.a.
Annual Interest Rate
25.92%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$45,000
POSB Everyday Card
Very Good
POSB Everyday Card
Very Good

5%

Cash Back at Sheng Siong

S$50

Cash Back Cap for Sheng Siong

S$0

Min. Spend per month

  • Get 5% Cash Rebate on Overseas Spend

Cash Back Features

  • Up to 37.49% cash rebate at SPC
  • 5% cash rebate at Sheng Siong. S$50 cash rebate cap per calendar month.
  • 3% cash rebate at Watsons, and local medical spend (dental, clinic, hospital)
  • 1% cash rebate on recurring utilities bills from SP Group and recurring StarHub mobile/digital cable/broadband bills and ins-tore purchases
  • Get 0.3% on everything else
  • No minimum spend required

Annual Rates

Principle Annual Fee
$193
Supplementary Annual Fee
96.3
Fee Waiver
1 year annual fee waiver
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$45,000
HSBC Visa Platinum Credit Card
Very Good
HSBC Visa Platinum Credit Card
Very Good

Up to 5%

Cash Back on Petrol, Groceries, Dining & Selected Recurring Bills

S$120

Cash Back Cap per quarter

S$800

Min. Spend per month, per quarter

  • Option 1: Get a Samsonite Astra 55cm luggage (worth S$350)
  • Option 2: S$100 Cash Back

Cash Back Features

  • 5% or 3% cash rebate on all grocery spend (with min. $800 or $400 spend/month for all three months in the quarter)
  • 5% cash rebate on Recurring Mobile/Cable TV/Internet Bill Payment (with min. $400 spend/month for all three months in the quarter)
  • 5% or 3% cash rebate at all Shell and Caltex stations (with min. $800 or $400 spend/month for all three months in the quarter)
  • 2% or 1% cash rebate on dining (with min. $800 or $400 spend/month for all three months in the quarter)
  • S$60 cap per account per quarter

Annual Rates

Principle Annual Fee
$193
Supplementary Annual Fee
0.0
Fee Waiver
2 years fee waiver, subsequent years waived with min. spend of $12,500 p.a.
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$40,000
Standard Chartered Spree Credit Card
Very Good
Standard Chartered Spree Credit Card
Very Good

3%

Cash Back on Online Spends in Foreign Currency

S$60

Cash Back Cap per month

S$0

Min. Spend per month

  • Get up to S$100 cash back when you apply online
  • Enjoy 20% cashback on your Grab Rides

Cash Back Features

  • 3% cashback on all online spends in foreign currency and vPost spends
  • 2% cashback on all online spends in local currency, contactless and mobile payments
  • 1% cashback on all other retail transactions

Annual Rates

Principle Annual Fee
$193
Supplementary Annual Fee
0.0
Fee Waiver
2 years fee waiver
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$60,000
UOB Delight Card
Very Good
UOB Delight Card
Very Good

Up to 8%

Cash Back at Selected Grocery Stores

S$50

Cash Back Cap per month

S$800

Min. Spend per month

  • Get up to $150 cash credit when you apply online

Cash Back Features

  • 8% or 3% cash rebate at Cold Storage, Market Place, Jasons, Giant, and Guardian. Minimum spend: S$800/S$400 per month respectively
  • 3% cash rebate on ALL contactless transactions and selected recurring bills. Minimum spend: S$400/month
  • Cash rebate cap: S$50/month, no cap on SMART$ earned at SMART$ Merchants.
  • Base rate: 0.3% cashback on spends less than S$400 and on all other spend

Annual Rates

Principle Annual Fee
$86
Supplementary Annual Fee
53.5
Fee Waiver
1 year fee waiver, perpetual fee waiver for first supplementary card
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$40,000
DBS Live Fresh Card
Very Good
DBS Live Fresh Card
Very Good

Up to 5%

Cash Back on Online Spend & Contactless Payments

S$60

Cash Back Cap per month

S$600

Min. Spend per month

  • Win a pair of SQ Suites return tickets to one of these 5 locations

Cash Back Features

  • 5% cashback on online shopping and when you pay using Visa payWave, Apple Pay, Samsung Pay or Google Pay through your Card
  • Lazada: 20% off storewide for new shoppers with ‘DBS2017’; Valid till 31 Dec 2018
  • Expedia: 20% off eligible hotel bookings with ‘DBS10EXP’ at checkout; Valid till 31 Jan 2019, and travel till 30 Apr 2019
  • Base rate: 0.3% on all other spend

Annual Rates

Principle Annual Fee
$128
Supplementary Annual Fee
64.2
Fee Waiver
1 year fee waiver
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$45,000
UOB One Card
Very Good
UOB One Card
Very Good

Up to 5%

Cash Back on All Spend

S$300

Cash Back Cap per quarter

S$2000

Min. Spend per month, per quarter

  • Get up to $150 Cash Credit when you apply online

Cash Back Features

  • Up to 5% cash rebate on all spend for spend above S$2,000/month per quarter (up to 3.33% cash rebate for spend of $500 or $1,000 monthly)
  • Up to 10% additional SMART$ rebate with UOB SMART$ Rebate Programme

Annual Rates

Principle Annual Fee
$193
Supplementary Annual Fee
1st supplementary card free; $96.30 for subsequent cards
Fee Waiver
1 year fee waiver, perpetual fee waiver for first supplementary card
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$40,000
Maybank FC Barcelona Visa Signature
Very Good
Maybank FC Barcelona Visa Signature
Very Good

1.6%

Cash Rebate on All Local Spend

Unlimited

Cash Rebate Cap

S$0

Min. Spend per month

  • Receive a limited edition Maybank FC Barcelona Cap and Lanyard
  • Get a Samsonite Orfeo 69cm Spinner (worth S$420)

Cash Back Features

  • 1.6% Unlimited cash rebate on all local spend
  • No minimum spend and no cash rebate cap

Annual Rates

Principle Annual Fee
$120
Supplementary Annual Fee
Complimentary
Fee Waiver
Waived with min. spend of S$10,000 p.a.
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$60,000
Maybank Family & Friends Card
Very Good
Maybank Family & Friends Card
Very Good

Up to 8%

Cash Rebate at selected merchants

Up to 8%

Cash Rebate on bus, train, and taxi rides

S$1000

Min. spend per month

  • Get a Samsonite Orfeo 69cm Spinner (worth S$420)

Cash Back Features

  • Up to 8% cash rebate on groceries, shopping, dining, food deliveries, petrol, and entertainment spend
  • Up to 8% cash rebate on bus, train, and taxi rides
  • 8% or 5% cash rebate with minimum spend of S$1000/S$500 per month respectively. Cash rebate cap at S$600/year
  • Get 0.3% cash rebate on all other spend with no cap on cash rebates

Annual Rates

Principle Annual Fee
$180
Supplementary Annual Fee
0.0
Fee Waiver
Waived with min. spend of $12,000 p.a.
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$60,000
Maybank Platinum Visa Card
Very Good
Maybank Platinum Visa Card
Very Good

Up to 3.33%

Cash Rebates on All Local Spend

Up to S$100

Cash Rebate Cap per quarter

S$1000

Min. Spend per month, per quarter

  • Get a Samsonite Orfeo 69cm Spinner (worth S$420)

Cash Back Features

  • Up to 3.33% cash rebates on local spend with a min. spend of S$300/month OR S$1000/month each quarter for S$30 OR S$100 cash rebate
  • 0.3% cash rebates on overseas spend

Annual Rates

Principle Annual Fee
$0
Supplementary Annual Fee
0.0
Fee Waiver
Waived when card is charged once every 3 months
Annual Interest Rate
15.00%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$60,000
Citibank SMRT Card
Satisfactory
Citibank SMRT Card
Satisfactory

5%

Cash Back at Selected Grocery Stores

S$600

Cash Back Cap per year

S$300

Min. Spend per month

  • Get 5% Cash Back with Apple Pay

Cash Back Features

  • Up to 5% savings on on Groceries. 4.7% (For transactions above $50. If transaction is $50 and below, 2.7% awarded instead) + 0.3% (If monthly card spend is at least $300)
  • Up to 5% savings on Fast Food, Movies & Coffee. 4.7% + 0.3% (if monthly card spend is at least $300)
  • 5% Cash Back in SMRT$ per S$1 spent on Apple Pay, capped at 600SMRT$ per year, excludes other promotional earn rates, valid till 31 Jul 2018
  • Up to 3% savings on Online Shopping. 2.7% + 0.3% (If monthly card spend is at least $300)
  • Up to 2% savings on Health & Beauty. 1.7% + 0.3% (If monthly card spend is at least $300). Including GNC, Guardian, Nature's Farm, NTUC Unity Healthcare & Watson's
  • Up to 2% EZ-Reload Auto Top-up. 0.3% + 1.7% (If top-up more than $30. If $30 or less, 0.7% awarded instead)
  • Up to 5% savings for the following with monthly spend of at least $300. 5% at POPULAR Bookstores and Toys"R"Us, 5% at selected Town Councils for Service and Conservancy Charges, 1% savings on Telecommunication bills, 1% on selected Insurance providers, 1% on SPH Newspaper Subscriptions. If monthly spend is less than $300, SMRT$ earn rate will be 0.3% less.
  • Savings awarded in SMRT$. 1 SMRT$ = S$1 of vouchers. Vouchers available for Giant, Sheng Siong, SMRT, Popular, Watsons, Shaw Theatres
  • 0.3% awarded on all other spend categories

Annual Rates

Principle Annual Fee
$193
Supplementary Annual Fee
96.3
Fee Waiver
2 years fee waiver for Principal and two (2) Supplementary cards
Annual Interest Rate
26.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$42,000
OCBC Frank Card
Satisfactory
OCBC Frank Card
Satisfactory

6%

Cash Back on Online Spend

S$60

Cash Back Cap per month

S$400

Min. Spend per month on Offline Purchases

Cash Back Features

  • 6% rebate on online shopping
  • 3% rebate on first 2 top-ups for NETS FlashPay ATU
  • 0.3% rebate on everything else
  • Up to 5% rebate for entertainment
  • Min. spend $400 (excluding Online and NETS FlashPay Auto Top-Up spend), capped at $60 for all rebates

Annual Rates

Principle Annual Fee
$80
Supplementary Annual Fee
$40 per annum (2 years fee waiver)
Fee Waiver
2 years fee waiver, subsequent years waived with min. spend of $10,000 p.a.
Annual Interest Rate
25.92%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$45,000
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What is a Cashback Credit Card?

Cashback credit cards fall under the broader category of rewards credit cards, where consumers accumulate points for every dollar charged to the card. These points can then be redeemed for “rewards” such as gift vouchers, appliances, etc.

A cashback credit card, however, rewards you with a cash rebate instead. This amount varies quite a lot among credit cards but typically falls between 1% and 5%, though some credit cards have attractive bonus cash rebates to reward certain types of spending.

Cashback Credit Cards 101s

New to the world of cashback credit cards? Here are the key features you need to know before you sign up.

Basic Cashback

Also known as “base rate”, this is the standard cash rebate you can expect to receive on your purchases, regardless or when, where, how or with whom it’s made. Typically this falls around 0.25% and up.

Bonus Cashback

Many credit cards offer tie-ups with brands and retailers ranging from Uber to Sheng Siong, offering higher cashback rates (as high as 8%). Some also offer higher rates for specific types of spending, e.g. online purchases, telco bills. Note the fine print on these and be sure they are a good fit for your actual spending habits.

Introductory Promotions

Some cards offer introductory cashback promotions such as a higher rate for the first few months or a $100 bonus with your first purchase. Be aware of the limited nature of these promotions and of any terms & conditions.

Other Things to Take Note of

Don’t be too seduced by claims that sound too good to be true. That big red “20% CASH REBATE!!!” line splashed all over the brochure probably comes with a catch. To prevent disappointment, read the terms & conditions carefully and note the following:

Minimum Spend

Certain attractive cashback rates only apply for hefty minimum spends, say of $2,000 and up. If your planned expenditure is nowhere near that minimum, it makes little sense to apply for the card.

Cashback Cap

Credit card issuers often have a cap on how much cash rebate you can earn per quarter. You may be surprised to find that your 20% cashback only has a $10 cap.

More From The MoneySmart Blog

Check out our blog for more personal finance tips and insights.

Frequently Asked Questions

Who should get a cashback credit card?

Cashback credit cards are good entry-level cards for everyday use. They typically come with low income requirements (usually around $30,000 annually) which most young working adults can hit fairly easily, and in most cases annual fees are waived. They are also set up such that you can enjoy some form of cash rebate even if you don’t spend a huge amount of money, so you can still enjoy their benefits even if you live quite a frugal lifestyle.

How do I choose the best cashback credit card for me?

You can get the most out of your cashback credit card if you pick one that is perfectly aligned to your actual spending habits. For example, if you spend a lot on clubbing or online shopping, look for a card that offers hefty bonus cashback rates (these can be as high as 8%) on these categories or merchants. If you are not a particularly big spender in any one category, pick the card with the highest base rate, provided you can meet the minimum spend requirements.

Do I really get my rebate in cold hard cash?

While we would dearly love to receive a cheque or a nice wad of cash every month, this isn’t usually how credit card cash rebates are paid out these days. Instead, the cashback amount is credited to your account, effectively giving you a discount off your next credit card bill.