Compare the Best Cashback Credit Cards in Singapore 2021

Compare all cashback credit cards to see which one gives you the highest cash back based on your spending habits. Read More
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American Express logo
Online Promo
Unlimited Cashback

American Express True Cashback Card

Welcome Offer (min spend of S$5,000 in 6months)
3.0% Cashback
Cash Back Cap
Unlimited
Min. Spend per month
S$0
Online Promo:
Receive S$100 CapitaVoucher when you spend S$500 within first month of Card approval.
Valid until 30 Sep 2021 - See more details below
Apply Now
Receive S$100 CapitaVoucher within first month of Card approval
Apply Now
Receive S$100 CapitaVoucher within first month of Card approval image
Receive S$100 CapitaVoucher within first month of Card approval image
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Citibank logo
MoneySmart Exclusive
No Expiry on Cash Back Earned

Citi Cash Back+ Mastercard®

Cash Back on Eligible Spend
1.6%
Min. Spend per month
S$0
Cash Back Cap
Unlimited

Apply and spend $200 to get: $300 Cash OR an Ergotune Ergonomic Classic Chair (worth $399)

OR

Apply and spend $500 to get MORE:  $350 Cash OR the NEW 10.2-inch Apple iPad Wi-Fi 64GB (worth $499) OR an Ergotune Ergonomic Classic Chair (worth $399)!

Valid until 30 Sep 2021 - See more details below
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Standard Chartered logo
MoneySmart Exclusive
With 3-month Disney+ Subscription

Standard Chartered Unlimited Cashback Credit Card

Cash Back on eligible spend
Up to 1.5%
Min. Spend per month
S$0
Cash Back Cap
Unlimited

Bring home an Apple TV 4K 32GB (worth $269) or $270 Cash via PayNow, both with 3-month Disney+ subscription only with Standard Chartered Credit Cards.

Valid until 30 Sep 2021 - See more details below
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Citibank logo
MoneySmart Exclusive
Cashback on Dining, Groceries & Grab

Citi Cash Back Card

Cash Back on Dining, Groceries & Petrol
Up to 8%
Total Cash Back Cap, per month
S$80
From Shell & Esso
Up to 20.88% savings

Apply and spend $200 to get: $300 Cash OR an Ergotune Ergonomic Classic Chair (worth $399)

OR

Apply and spend $500 to get MORE:  $350 Cash OR the NEW 10.2-inch Apple iPad Wi-Fi 64GB (worth $499) OR an Ergotune Ergonomic Classic Chair (worth $399)!

Valid until 30 Sep 2021 - See more details below
Apply Now
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American Express logo
Online Promo
Convenience & Perks for Frequent Flyers

American Express Singapore Airlines KrisFlyer Credit Card

Local Spend
S$1 = 1.1 Miles
Overseas Spend
S$1 = 2 Miles
Grab rides
S$1 = 3.1 Miles
Online Promo:
Receive 5,000 bonus miles and S$200 statement credits when you spend S$3,000 within first 3 months of Card approval
Valid until 30 Sep 2021 - See more details below
Apply Now
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UOB logo
MoneySmart Exclusive

UOB Absolute Cashback Card

1.7%
Min. Spend per month
$0
Spend Exclusions
No

Get $30 Cash via PayNow and up to $300 Cash Credit from UOB when you apply and spend on your card!

Valid until 30 Sep 2021 - See more details below
Apply Now
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CIMB logo
MoneySmart Exclusive

CIMB Visa Infinite

Unlimited cashback on Travel, Overseas & Online Spend in Foreign Currency
2%
Min. spend per month
S$2,000
Cash Rebate cap
Unlimited

Get a Bosch Food Processor MultiTalent 3 800 W (Worth $269) or $130 Cash via PayNow when you apply and spend on your card!

Valid until 30 Sep 2021 - See more details below
Apply Now
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DBS logo
Online Promo
Online & Visa Contactless Spend

DBS Live Fresh Card

Cashback on Online & Visa Contactless Spend
Up to 5%
Cashback cap
Up to S$75
Min. Spend per month
S$600
Online Promo:
Get powered up with up to 28% cashback when you apply online for a DBS/POSB Credit Card with the promo code “MORECASH”. Valid till 31 Jan 2022.

Valid until 31 Jan 2022 - See more details below
Apply Now
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CIMB logo
MoneySmart Exclusive

CIMB World Mastercard

Up to 2%* Unlimited Cashback on the following categories (Wine & Dine, Online Food Delivery, Movies & Digital Entertainment, Taxi & Automobile, Luxury Goods)
Up to 2%*
Min. spend per month
S$0
Cash Rebate cap
Unlimited

Get a Bosch Food Processor MultiTalent 3 800 W (Worth $269) or $130 Cash via PayNow when you apply and spend on your card!

Valid until 30 Sep 2021 - See more details below
Apply Now
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POSB logo
Online Promo
Earn Cash Rebates that Never Expire

POSB Everyday Card

Cash Rebates on dining and online shopping at selected E-Marketplaces
Up to 8%
Cash Rebate cap per month
Up to S$80
Min. Spend per month
S$800
Online Promo:
Get powered up with up to 28% cashback when you apply online for a DBS/POSB Credit Card with the promo code “MORECASH”. Valid till 31 Jan 2022.

Valid until 31 Jan 2022 - See more details below
Apply Now
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HSBC logo
Cashback on Big Expenses

HSBC Advance Credit Card

Cash Back on All Spend
Up to 3.5%
Cash Back Cap per calendar month
S$370
Min. Spend per month
S$0
Apply Now
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HSBC logo
Cashback for Family Spending

HSBC Visa Platinum Credit Card

Cash Back on Dining, Groceries, Petrol
5%
Cash Rebate Cap per quarter
S$250
Min. spend monthly in a calendar quarter
S$600
Apply Now
More Details
UOB logo
Online Promo

UOB One Card

Rebate on Shopee, Dairy Farm Group, Grab, SP and more
Up to 10%
Rebate Cap per quarter
S$300
Min. Spend per month, per quarter
S$2,000
Online Promo:
Receive S$300 Cash Credit for NTB Customers and S$150 Cash Credit for NTC Customers for 1st 100 Customers to make a min spend of $1.5K for each NTB and NTC within 30 days of card approval. T&Cs Apply
Valid until 30 Sep 2021 - See more details below
Apply Now
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OCBC logo

OCBC Frank Card

Cash Back on Online Spend
6%
Cash Back Cap per month
S$75
Min. Total Spend per month
S$600
Read More
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CIMB logo
MoneySmart Exclusive

CIMB Visa Signature

Cash Back on Beauty & Wellness, Online Shopping, Groceries
10%
Min. spend per month
S$800
Cash Back Cap
S$NaN

Get a Bosch Food Processor MultiTalent 3 800 W (Worth $269) or $130 Cash via PayNow when you apply and spend on your card!

Valid until 30 Sep 2021 - See more details below
Apply Now
More Details
OCBC logo
High Spend on Dining

OCBC 365 Credit Card

Cashback on Everyday Dining (Including Local, Overseas and Online Food Delivery)
6%
Cashback Cap per month
S$80
Min. Spend per month
S$800
Read More
More Details
American Express logo
Online Promo
Convenience & Perks for Frequent Flyers

American Express Singapore Airlines KrisFlyer Ascend Credit Card

Online Promo:
Receive 1 Night Stay in Luxury Room at Sofitel Sentosa Hotel (Room only, no breakfast) and 10,000 bonus miles when you spend S$5,000 within first 3 months of Card approval and make annual fee payment
Valid until 30 Sep 2021 - See more details below
Apply Now
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OCBC logo

OCBC Cashflo Credit Card

Cash Rebate with Monthly Bill of S$1,000 and above
1%
Cash Rebate with Monthly Bill below S$1,000
0.5%
Cash Rebate Cap per month
S$100
Read More
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DBS logo

DBS Live Fresh Student Card

Cashback on McDonald's, Starbucks, Entertainment & More
Up to 5%
Cashback cap
Up to S$20
Min. Spend per month
S$0
Apply Now
More Details
Maybank logo
Online Promo

Maybank Family & Friends Card

Cash Back on Groceries, Dining, Transport and Petrol in Singapore & Malaysia
Up to 8%
Cash Rebate on Shopping and Data communication & online TV streaming
Up to 8%
Min. spend per month
S$800
Online Promo:
Receive a Garmin vivomove Style worth S$469 (Valid for the first 2,000 applicants only).  Subsequent Qualifying Applicants will be rewarded with S$100 cash credit to be credited to their activated Eligible Card accounts. Valid till 31st of Oct. TNCs Apply.
Valid until 31 Oct 2021 - See more details below
Apply Now
More Details

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 Credit Card in Singapore 2021

Credit CardBest ForReward Type
Citi Cash Back CardSavings on dining, grocery and grab spendingsCashback
Citi PremierMiles Visa CardEarning bonus miles that do not expireMiles
American Express Singapore Airlines KrisFlyer Credit CardConvenience and perks for frequent flyersMiles
Standard Chartered Unlimited Cashback Credit CardUnlimited cashback with Ez-link capabilitiesCashback
UOB One CardCard and Savings Account BundleCashback
DBS Live Fresh CardHighest cashback on any contactless paymentCashback
HSBC Advance Credit CardNewlyweds and married couplesCashback
American Express The Platinum Card®High Net-worth IndividualsReward Points
UOB EVOL Credit CardDining and EntertainmentCashback
Standard Chartered Visa Infinite Credit CardBusiness TravelerMiles

Compare Credit Cards for Everyday Use

When comparing the best credit cards for rewards, it is often a good choice to combine multiple credit cards each specializing in a particular spending type or card feature that best suits your lifestyle. Avoid paring Miles credit cards with Cashback credit cards since these reward types are incompatible. Points credit cards, on the other hand, are more flexible as they can be used to either get cash rebates on specific merchants or convert points into miles to redeem free flight tickets.

Air Miles

Miles Credit Cards

  1. Citi PremierMiles Visa Card: Use for online hotel and flight bookings
  2. UOB PRVI Miles Card: Use for general local spend
  3. Standard Chartered Visa Infinite Credit Card: Use for spending in foreign currency

Cashback

Cashback Credit Cards

  1. Citi Cash Back Card: Use for grocery shopping worldwide
  2. UOB One Card: Use for pumping petrol at SPC and Shell
  3. OCBC 365 Credit Card: Use for spending on everyday dining

Reward Points

Reward Points Credit Cards

  1. Citi Rewards Card: Use for retail shopping to earn extra miles
  2. American Express CapitaCard: Use for shopping at CapitaLand Malls to earn cash rebates
  3. DBS Woman's World Card: Use for free gym memberships

Which Credit Card is the Best in Singapore?

With so many credit cards in Singapore to choose from, it can be difficult to narrow down the best credit cards to suit your lifestyle. Unfortunately, there’s no single best credit card in Singapore. You’ll have to choose the best one for you. Here’s how:

Find a card that fits your spending habits

Think about your current lifestyle and spending habits. What are the things you spend the most money on? For example, if you’re a real foodie and love checking out new restaurants around town, then it makes sense to get a card with rewards points for dining out and useful perks like 1-for-1 buffet promotions.

Plan how to use your credit card benefits

Credit cards come with a whole bunch of benefits, so think about which benefits you actually want to use. Do you want to collect air miles and fund your upcoming travels? Or accumulate points for shopping vouchers? Or would you rather enjoy cash rebates? This is a deeply personal matter - only you can decide how you prefer to be rewarded.

Check the Terms & Conditions

Now that you’ve got a shortlist of credit cards, it’s time to dig deeper into the details of the rewards or air miles programmes. Find out all you can about terms and conditions like expiry dates, exclusions, minimum spend, credit limit, etc. Be sure to ask a bank rep to clarify if you don’t see answers anywhere.

Visa Card vs Mastercard vs American Express

At some point in your life, you’ll probably wonder if there’s a difference between a Visa card and Mastercard (and maybe American Express). Visa, Mastercard and Amex are the 3 big global payment networks. This means they handle all the technical back-end stuff that makes it possible to pay with your credit card anywhere in the world. Visa and Mastercard are extremely widely accepted worldwide, both online and offline. Both payment networks are easy and secure to use. Visa has a slight edge in terms of acceptance, but really, you’ll be fine with either. American Express is a bit less widely accepted globally. It’s in 140 countries compared to Visa and Mastercard’s 200+. However, many people still love using Amex because they have an excellent reputation for customer care. Whichever payment network you choose, you can get a credit card from a bank like DBS or UOB. Note that American Express also issues its own credit cards, even though it’s not a bank.

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Annual Fees are NOT the Only Credit Card Fee!

Annual fees aren’t the only type of credit card charges you might be paying. Many of these other common fees will impact the benefits you earn, so be mindful of them and actively monitor your spend.

Foreign Transaction Fees

This is a fee imposed on overseas spending - whether it’s while you’re traveling or even when making an online purchase on a foreign website. This is usually 2.5% to 3% on top of the prevailing foreign exchange rate.

Cash Advance Fees

Some credit cards allow you to withdraw cash from ATMs, using your credit line. Be prepared to fork out up to 6% of the transaction amount, plus 2%+ daily charges on unpaid withdrawn balance.

Balance Transfer Fees

Charged when you move a balance from one card to another, usually 2% to 4% of the amount transferred.

Minimum Balance Payment for Credit Cards

Is paying the minimum balance bad?

Because credit cards are effectively short-term loans, you are meant to pay off your bills in full every month. If you make only the minimum payment each month, you may accrue huge additional costs on top of your bill due to the credit card’s interest rate (typically 24%+)!

Does paying only minimum balance affect credit score?

Yes, If you plan to apply for any kind of credit or loan (such as a housing loan or car loan) in the future, be aware that any “bad behaviour” with your credit card can come back to haunt you in the form of a bad credit score.

Frequently Asked Questions

How do credit cards work?

A credit card is basically a way to borrow money from a bank to make purchases. Unlike a bank loan, a credit card “loans” money in smaller amounts and on a short-term basis, requiring you to pay the bank back monthly (or be subject to unpleasant penalties and interest fees). The biggest payment networks are MasterCard, VISA and American Express, but do note that merchants may not accept all types.

How do I apply for a credit card?

Simply fill out an application online or at a bank branch and submit the required documents such as proof of income. After approval, the bank will inform you about how much you are allowed to borrow and mail you your new credit card. You’ll need to activate the credit card as well as sign on the back.

What’s the difference between debit cards and credit cards?

Unlike credit cards, debit cards do not involve any borrowing. They are linked to your bank account, so purchases made on your debit card are paid for by deducting straight from your funds. You must have sufficient funds on hand to use your debit card. If you have a credit card, you can borrow the money for the time being and pay it back later.

How to prevent credit card fraud?

There’s no sure-fire way to prevent credit card fraud, so unfortunately holding a credit card also means being vigilant about making sure it doesn’t end up in the wrong hands. Make use of credit card alerts, monitor your transactions closely, be wary of phishing scams and don’t make it easy for others to get hold of your credit card information.

What should I do with my credit card statement?

It might not be the most fun thing to read, but it IS super important to understand your credit card statement. So don’t throw it away without checking it. Of course, after reading the statement you will have to pay your bill – typically through online banking, though some people use ATMs, SAMs, AXS machines or go to the bank in person.

What if I only make the minimum payment on my bill?

Because credit cards are effectively short-term loans, you are meant to pay off your bills in full every month. If you make only the minimum payment each month, you may accrue huge additional costs on top of your bill due to the credit card’s interest rate (typically 24%+)