Best No Annual Fee Credit Cards in Singapore 2024

Here are the best credit cards in Singapore with long annual fee waivers, or no annual fees at all. Read More
We found 35 Credit Cards for you!
CIMB logo
MoneySmart Exclusive
Unlimited 2% Cashback | FASTER GIFT REDEMPTION
Annual Fee
S$0
Annual Interest Rate
27.8%
Unlimited Cashback on the following categories (Wine & Dine, Online Food Delivery, Movies & Digital Entertainment, Taxi & Automobile, Luxury Goods)
Up to 2%

[FASTER GIFT REDEMPTION]
Get a Hinomi Q1 Ergonomic Chair (worth S$499) or a Apple Watch SE (GPS), 40mm (worth S$382.50) or S$280 Cash via PayNow, in as fast as 2-3 months when you apply and spend a min of S$988. T&Cs apply.

Valid until 19 Mar 2024 - See more details below
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Standard Chartered logo
MoneySmart Exclusive
1.5% UNLIMITED CASHBACK
Annual Fee waiver with no minimum spend
1 year
Annual Principal Fee
S$196.20
Annual Interest Rate
27.90%

Unlock Exclusive Rewards
Earn up to 5,000 SmartPoints or up to S$400* when you apply and meet the relevant spend criteria. T&Cs apply.
 
Why Choose SmartPoints? 
Enjoy the ultimate flexibility to redeem ANY gift at our Rewards Store.
Short on points? Simply pay the difference with cash, and grab your desired gift today!

Valid until 31 Mar 2024 - See more details below
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HSBC logo
MoneySmart Exclusive
Earn up to 4 miles per S$1 | Instant Activation*
on Online Spend and Contactless Payments
S$1 = 10X Points
on All Other Spend
S$1 = 1X Point
Annual Fee
S$0

Get a Hinomi Q1 Ergonomic Chair (worth S$499) or a Samsung 27-inch Smart Monitor M5 (worth S$432) an Apple AirPods 3rd Gen + S$50 Cash (worth S$313.80) or a Lenovo Tab M10 Gen 3 (worth S$299.01) when you apply and spend a min. of S$500 from Card Account Opening Date to the end of the following calendar month. T&Cs apply.

Valid until 21 Mar 2024 - See more details below
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Standard Chartered logo
MoneySmart Exclusive
EARN SMARTPOINTS | Up to 6% Cashback
Cashback from Netflix, Spotify, fast food joints and more. *T&Cs apply.
6%*
Annual Fee
S$0
Minimum Spend
S$0

Earn up to 1,890 SmartPoints or up to S$250 cash* when you apply, and spend a minimum of S$200 in "Qualifying Spends" within 30 days from card approval date, followed by another S$1,000 in "Qualifying Spends" within the following 30 calendar days.
 
Customers who choose SmartPoints will be free to choose ANY gift of choice at our Rewards Store. Enjoy ultimate flexibility today! T&Cs apply.

Valid until 31 Mar 2024 - See more details below
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Trust Bank logo
savings on groceries and food
Up to 21%
petrol savings (on Caltex and Esso)
Up to 20%
Annual Fee
S$0
Read More
Standard Chartered logo
MoneySmart Exclusive
EARN SMARTPOINTS | Earn up to 10X Rewards Points
Annual fee waiver
1 year
Annual Fee
S$196.20
Annual Interest Rate
27.90%

Earn up to 1,890 SmartPoints or up to S$250 cash* when you apply, and spend a minimum of S$200 in "Qualifying Spends" within 30 days from card approval date, followed by another S$1,000 in "Qualifying Spends" within the following 30 calendar days.
 
Customers who choose SmartPoints will be free to choose ANY gift of choice at our Rewards Store. Enjoy ultimate flexibility today! T&Cs apply.

Valid until 31 Mar 2024 - See more details below
Apply Now
Standard Chartered logo
MoneySmart Exclusive
Annual Fee Waived
for all Eligible Local Spends
S$1 = 1.2 Miles
Annual Fee
S$196.20
Annual Fee Waiver Option
First Year
Earn up to 25,000 Miles when you meet the eligible spends AND have your first year Annual Fee waived when you sign up for the Journey Credit Card. T&Cs apply.

OR, earn up to 45,000 Miles when you meet the eligible spends and pay your card's first year Annual Fee when you sign up. Click here to apply.
Valid until 31 Mar 2024 - See more details below
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CIMB logo
MoneySmart Exclusive
Up to 10% Cashback | FASTER GIFT REDEMPTION
Cash Back on Wine & Dine, Petrol & Transport, Travel
10%
Min. spend per month to qualify for the 10% Cash Back
S$800
Cash Back Cap per month
S$100

[FASTER GIFT REDEMPTION]
Get a Nintendo Switch Lite (worth S$309) or a Sony LinkBuds S Wireless Earbuds (worth S$309) or S$150 Cash via PayNow, in as fast as 2-3 months when you apply and spend a min of S$988. T&Cs apply.

Valid until 19 Mar 2024 - See more details below
Apply Now
HSBC logo
MoneySmart Exclusive
Earn up to 5% Cash Rebate | Instant Activation*
Annual fee waiver
2 years
Annual Principal Fee
S$196.20
Annual Interest Rate
26.90%

Get a Hinomi Q1 Ergonomic Chair (worth S$499) or a Samsung 27-inch Smart Monitor M5 (worth S$432) an Apple AirPods 3rd Gen + S$50 Cash (worth S$313.80) or a Lenovo Tab M10 Gen 3 (worth S$299.01) when you apply and spend a min. of S$500 from Card Account Opening Date to the end of the following calendar month. T&Cs apply.

Valid until 21 Mar 2024 - See more details below
Apply Now
American Express logo
Online Promo
Convenience & Perks for Frequent Flyers
Local Spend
S$1 = 1.2 miles
Overseas Spend
S$1 = 2 miles
Annual Fee for Supplementary Card
First Year waived
Online Promo:
New American Express cardholder can get S$300 eCapitaVouchers AND up to 17,000 KrisFlyer miles (enough to redeem a Return Trip to Bali*) when you pay the card's annual fee and spend a min. of S$1,000 within the first month of card approval.

Existing cardholders can get S$150 eCapitaVouchers AND up to 17,000 KrisFlyer Miles (enough to redeem a Return Trip to Bali*) when you pay the card's annual fee and spend a min. of S$1,000 within the first month of card approval. T&Cs apply.
Valid until 31 Mar 2024 - See more details below
Apply Now
American Express logo
Online Promo
Convenience & Perks for Frequent Flyers
Local Spend
S$1 = 1.1 Miles
Annual Fee Waiver
First Year
Annual Principal Fee
S$179.85
Online Promo:
New American Express cardholder can get S$100 eCapitaVouchers AND up to 17,000 KrisFlyer miles (enough to redeem a Return Trip to Bali*) when you spend a min. of S$500 within the first month of card approval. T&Cs apply.
Valid until 31 Mar 2024 - See more details below
Apply Now
OCBC logo
High Spend on Dining
Annual Fee Waiver
2 years
Annual Fee
S$196.20
Annual Interest Rate
27.78%
Read More
DBS logo
Online Promo
Earn Miles That Never Expire
Annual Fee Wavier
1 Year
Annual Fee
S$196.20
Annual Interest Rate
27.80%
Online Promo:
Get up to 53,000 miles when you apply, pay the card's annual fee and charge a min. spend of S$3,000 within 60 days from card approval date. T&Cs apply
Valid until 19 May 2024 - See more details below
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UOB logo
MoneySmart Exclusive
UP TO S$15,000 WORTH OF REWARDS!
Annual Fee Waiver
1 year
Annual Fee
S$196.20
Annual Interest Rate
27.80

[UP TO S$15,000 WORTH OF REWARDS!]
 
Receive up to S$350 Cash Credit from UOB when you are the first 200 new-to-UOB customers who successfully apply for an eligible UOB Credit Card and spend a min. of S$1,000 per month, for 2 consecutive months from the card approval date. T&Cs apply.
 
PLUS 2 other exclusive offers if you sign-up through MoneySmart. T&Cs apply.
 

  • Get an extra S$50 Cash Bonus on top of UOB’s online promotion offer, when you are one of the first 300 customers to submit the MoneySmart claim form
  • Stand a chance to also win a Rolex Explorer 124270 or a Apple 14-inch MacBook Pro 512GB or a Sony PlayStation®5 (SLIM) Digital Edition when you participate in the MoneySmart x UOB March Giveaway
Valid until 31 Mar 2024 - See more details below
Apply Now
OCBC logo
Earn up to 4 miles per S$1 spent
No Annual Fee
2 years
Annual Fee
S$196.20
Annual Interest Rate
27.78%
Read More
OCBC logo
Annual Fee Waiver
2 years
Annual Fee
S$162
Annual Interest Rate
27.78%
Read More
ICBC logo
Annual Fee Wavier
3 Years
Annual Fee
S$150
Annual Interest Rate
24%
Read More
ICBC logo
Annual Fee Wavier
3 Years
Annual Fee
S$150
Annual Interest Rate
24%
Read More
Pace logo
Welcome Offer
Up to 5% in future discounts
Rebate Cap
Unlimited
Minimum Spend per Month
S$0
Read More
American Express logo
MoneySmart Exclusive
Unlimited Cashback
Welcome Bonus (on all eligible purchases, up to S$5,000 spend in the first 6 months)
3% Cashback
Annual Fee Waiver
First Year
Annual Fee
S$174.40

[FLASH DEAL]
Get an upsized S$200 Cash via PayNow when you apply and spend a min. of S$500 in Qualifying Spends within the first month of card approval! T&Cs apply.

Valid until 19 Mar 2024 - See more details below
Apply Now

Disclaimer: At MoneySmart.sg, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.

Best no annual fee credit cards

Credit CardAnnual Fee WaiverBest For
DBS Altitude Visa Signature Card1 Year Fee WaiverBudget Travelling & Hotel Booking
POSB Everyday Card1 Year Fee WaiverCash Rebates on Dining & Transport
Citi Cash Back Card1 Year Fee Waiver + 2 Supplementary CardsCashback on Dining & Grocery
Standard Chartered Simply Cash Credit Card2 Year Fee WaiverUnlimited Cashback
OCBC 365 Credit Card2 Year Fee Waiver Spending on Everyday Dining
Citi Premiermiles Visa Card1 Year Fee Waiver + Fee Waiver for all Supplementary CardsOnline Hotel and Flight Bookings
UOB PRVI Miles Card1 Year Fee Waiver + Free First 2 Supplementary CardsLocal Spend

What is no annual fee credit card in Singapore?

No annual fee credit cards save you from paying hundreds of dollars on account fees, on a yearly basis. To entice credit card sign ups, banks usually offer annual fee waivers for at least 3 years. Only a handful of them have indefinite annual fee waiver. With a no annual fee credit card, you can still enjoy perks and rewards based on your card tier.

How to choose best no annual fee credit card?

Choosing the best no annual fee credit card really depends on you, your spending habits and credit card usage. If you want a credit card that’s practical with just enough perks and promotions, you can apply for a no annual fee credit card with no minimum spend. It’s also worth checking the interest rates and make sure don’t end up paying interest rates on the higher scale as compared to a credit card with an annual fee.

Benefits of no annual fee credit cards

Save more

With a no annual fee credit card, you can save up to $500 every year, depending on your chosen credit card.

Fuss-free

Get only what you need with minimised cost on your end. No annual fee credit cards are simple and straightforward.

No yearly surprises

Not everyone can keep track of when their annual fee is due. So, with a no annual fee credit card, you’ll be free from credit card bill shocks.

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Who should get no annual fee credit cards?

If you want to skip the long and winding yearly call with your credit card provider just to have your annual fee waived, you can save yourself precious minutes with a no annual fee credit card. Not all of us have time to spare waiting for a real human to pick up our call. This card is also perfect for those who want to save a couple of hundred bucks on unnecessary service fees that you’re unable to avail as part of your credit card benefits.

No annual fee credit card frequently asked questions

Do all credit cards have annual fees?

No, annual fee does not apply to all credit cards. In Singapore, some credit cards have an annual fee waiver for up to 3 years.

How to request bank for credit card annual fee waiver?

To request for annual fee waiver, you need to call your bank as soon as you see the charge on your credit card bill. Your credit card provider will then assess if you qualify for a waiver based on your payment history.

What’s the difference between credit cards with annual fees and without annual fee?

Usually, credit cards with annual fees offer better spending rewards and privileges than credit cards without annual fees. However, you’ll get to save more with just the right amount of card features and benefits when you apply for a credit card without annual fee.

What’s the best business credit card with no annual fee?

To find out the best business credit card without annual fee, check out our easy-to-use comparison tool that gives you an overview of the best no annual fee credit cards in Singapore. You’ll find credit cards with an annual fee waiver from top credit card providers in Singapore.