Why Trust MoneySmart?The “best” cashback credit card from a Singapore bank really depends on how and where you spend. Some cards offer unbeatable rates on groceries, dining, or transport, while others give flat, unlimited cashback with zero fuss. Below, we compare top cashback cards from major banks to help you find one that fits your lifestyle and maximises your everyday rewards.
For high, all-around spending
If you reliably spend a significant amount (e.g., $600, $1,000, $2,000 a month) across many categories, the UOB One Card stands out:
Bank: UOB
Highlights: Up to 10% cashback at major daily merchants like Shopee, McDonald’s, Grab, and SimplyGo (public transport). Cashback applies when you meet consistent monthly spend (from $600 upwards) and make at least 10 transactions per month.
Fit: High spenders who can commit to hitting spend/transaction targets. The highest 10% rate is only for the top $2,000 tier.
Insider tip: Get extra rewards for consolidating expenses—great for users willing to track monthly spend and pay on time.
Read full UOB One Card details
For consistent, fuss-free cashback
Don’t want to track categories or minimum spend? The DCS Ultimate Platinum Mastercard delivers:
Bank: DCS Card Centre
Highlights: Flat 2% cashback on all spend, up to $10,000 per month (capped at $200/month). No minimum spend, no category hoops.
Fit: General spenders or those who value simplicity. Excellent choice if you make large, varied monthly purchases.
Watch-out: Annual fee of $196.20 applies after first year (waived for first year). If you spend mostly in specific categories, other cards may edge out overall returns.
See DCS Ultimate Platinum Mastercard review
For groceries, dining, and fuel
For families and regular drivers, the OCBC 365 Credit Card is hard to beat:
Bank: OCBC
Highlights: 5% cashback on dining and food delivery; 6% cashback on fuel (all stations); 3% on groceries, land transport, recurring bills, EV charging, and streaming services—if you hit the $800 minimum monthly spend.
Fit: Everyday spenders and families who can comfortably hit the threshold.
Pro-tip: Cashback is capped at $80/month for $800 spend ($160/month only for high $1,600 spenders).
Explore OCBC 365 Credit Card benefits
For online and contactless payments
If your world is mostly online or tap-to-pay, the UOB EVOL Card is designed for you:
Bank: UOB
Highlights: 10% cashback on online and mobile contactless (Apple Pay, Google/Samsung Pay), plus selected gym, telco, and streaming transactions. $800 minimum spend per statement month; cashback cap $80/month in total across all categories.
Fit: Digital natives, first jobbers, and those cashless by default.
Unique perk: No annual fee when you make at least 3 transactions monthly for 12 straight months; 0% FX fees for overseas spend.
For everyday essentials and partner merchants
For loyal shoppers at big partner networks, the DBS yuu Card is a powerhouse:
Bank: DBS
Highlights: Up to 18% cashback (in yuu points) at participating brands (Cold Storage, Guardian, Giant, Foodpanda, 7-Eleven, Gojek etc.) when you spend at least $800 per month, and spend at 4 different participating merchants. Get 5% base rate for any spend at yuu partners with no minimum spend; general spend earns 0.25% cashback.
Fit: Households and deal-hunters deep in the yuu ecosystem.
Best for: Anyone whose budget goes on these essentials regularly; points expire in 3 years.
How to decide
Choosing the top cashback card and bank for your needs boils down to these factors:
Your spending habits: Check your recent expenditure across several months—do you mostly spend on groceries, transport, dining, or a mix?
Minimum spends and tiers: Cards like UOB One and OCBC 365 reward you for hitting higher monthly thresholds, but you lose out on cashback if you miss them.
Caps and exclusions: Flat-rate cards may cap cashback at certain amounts (e.g., $200/month for DCS). Category cards could exclude non-partner spend; check the fine print.
Annual fees: Many cards waive fees for at least the first year. Beyond that, consider if what you save in cashback outweighs the annual cost.
Card acceptance: Most are Visa or Mastercard; some are American Express and may have differing acceptance rates across retailers.
If in doubt, start with a fuss-free option, then layer in a high-category card only if your spending habits match the card’s spend requirements for bonus rewards.
