Best Rewards Credit Cards 2021

These low-hassle credit cards let you collect reward points to exchange for air miles, shopping vouchers and more. Read More
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We found 26 Credit Cards for you!
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Standard Chartered logo
MoneySmart Exclusive
Earn Points on Dining & Travel

Standard Chartered Rewards+ Credit Card

on Foreign Currency Spend
S$1= 10X Points
on Local Dining Spend
S$1= 5X Points
Rewards to Miles Conversion
1 Point = 0.29 Miles
Get a PRISM+ W270 Monitor OR $250 Cash via PayNow when you apply and spend on your card!
Valid until 31 Jan 2021 - See more details below
Apply Now
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Citibank logo
MoneySmart Exclusive
Earn Points for Online Spending

Citi Rewards Card

on Online Spend*
S$1= 10X Points
on Shopping Spend
S$1= 10X Points
on All Other Spend
S$1 = 1 Point
Apple AirPods Pro (worth S$379) or $350 Cash via PayNow - get them for free when you apply for a Citi Credit Card today! Simply make a transaction of any amount within 30 days.
Valid until 31 Jan 2021 - See more details below
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HSBC logo
MoneySmart Exclusive
Earn Points for Everyday Spending

HSBC Revolution Credit Card

on Online Spend and Contactless Payments
S$1= 10X Points
on All Other Spend
S$1= 1X Point
Rewards to Miles Conversion for Selected Airline Partners
$1 = 4 Miles
Get Jabra Elite 65t True Wireless Earbuds OR S$100 Cashback from MoneySmart when your card is approved! 
Valid until 15 Feb 2021 - See more details below
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UOB logo

UOB Lady's Card

on One Category
S$5 = Up to 12X UNI$
on All Other Spend
S$5 = 10X UNI$
Rewards to Miles Conversion, no min. spend
1 UNI$ = 2 Miles
Apply Now
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American Express logo
Online Promo

American Express CapitaCard

at Participating Merchants at CapitaLand Malls
S$1= 10X STAR$
on All Other Spend
S$1 = 5 STAR$
converted from 50,000 STAR$
S$50 CapitaVoucher
Online Promo:
Get $100 CapitaVouchers from Amex when you apply and spend on your card!
Valid until 31 Jan 2021 - See more details below
Apply Now
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American Express logo
Online Promo

American Express Platinum Credit Card

at participating Platinum EXTRA Partners
S$1.60 = 10X Points
on All Other Spend
S$1.60 = 2X Points
Rewards to Miles Conversion
1 Point = 0.55 Miles
Online Promo:
Get $250 Lazada Vouchers from Amex when you apply and spend on your card!
Valid until 31 Jan 2021 - See more details below
Apply Now
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OCBC logo

OCBC Titanium Rewards Card (Blue)

on Online, Offline, Local and Overseas spend
S$1 = 10 OCBC$
with 18,000 OCBC$
S$50 Titanium cash
Rewards to Miles Conversion
10 OCBC$ = 4 Miles
Apply Now
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HSBC logo

HSBC Visa Infinite Credit Card

at Selected Boutiques & Merchants
S$1 = 10X Points
on All Other Spend
S$1 = 3X Points
Rewards to Miles Conversion
1 Point = 0.4 Miles
Apply Now
More Details
OCBC logo

OCBC Titanium Rewards Card (Pink)

on Online, Offline, Local and Overseas spend
S$1 = 10 OCBC$
with 18,000 OCBC$
S$50 Titanium cash
Rewards to Miles Conversion
10 OCBC$ = 4 Miles
Apply Now
More Details
DBS logo

DBS Woman's World Card

on Online Spend
S$5 = 10X Points
on Overseas Spend
S$5= 3X Points
Rewards to Miles Conversion
1 Point = 2 Miles
Read More
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Maybank logo

Maybank Horizon Visa Signature

on Dining, Petrol, Taxi and Hotel Bookings at Agoda
S$1 = 8X Points
on Air Tickets, Travel Packages and Foreign Currency Spend
S$1 = 5X Points
Rewards to Miles Conversion for Selected Airline Partners
1 Point = 0.5 miles
Apply Now
More Details
DBS logo
Online Shopping

DBS Woman's Card

on Online Spend
S$5 = 5X Points
on All Other Spend
S$5 = 1X Point
Rewards to Miles Conversion
1 Point = 2 Miles
Read More
More Details
Maybank logo

Maybank World Mastercard

on Dining, Retail & Petrol
S$1 = 10X Points
Rewards to Miles Conversion for Selected Airline Partners
1 Point = 0.5 miles
Waived for each conversion of points to frequent flyer miles
Conversion Fee
Apply Now
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Bank of China logo

BOC Elite Miles World Mastercard®

Local Spend
S$1 = 4.5X Points
Overseas Spend
S$1 = 9X Points
Rewards to Miles Conversion
1 Point = 0.33 Miles
Read More
More Details
Standard Chartered logo
Card + Current Account Bundle

Standard Chartered Platinum Visa/MasterCard Credit Card

on All Spend when you open a SCB Current Account
S$1 = 2X Points
on All Other Spend
S$1 = 1X Point
Rewards to Miles Conversion
1 Point = 0.4 Miles
Read More
More Details
Citibank logo

Citi Lazada Card

on Lazada
10X Reward Points
on Dining, Travel, Entertainment & Commute
5X Reward Points
on Everything else, no cap
1X Reward Points
Apply Now
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American Express logo

American Express The Platinum Card®

for first S$16,000 spent at participating Platinum EXTRA Partners
S$1.60 = 20 Points
on All Other Spend
S$1 .60 = 2 Points
on Membership Rewards Points
No Expiry Date
Apply Now
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Maybank logo

Maybank DUO Platinum Mastercard

on all local spend excluding petrol
S$1 = 1 TREATS Point
on all local spend excluding petrol
1 TREATS Point = 1 DUO Point
Min. spend per month
S$0
Apply Now
More Details
Maybank logo

Maybank Manchester United Platinum Visa Card

when Man. United wins Premier League
S$1 = 5X Points
on ALL spend
S$1 = 1X Point
Min. spend per month
0%
Apply Now
More Details
Bank of China logo

Bank of China Zaobao Credit Card

Reward points for every $1 spent overseas
S$1 = 2X Points
Rewards Point for every $1 spent locally
S$1 = 1X Point
Foreign currency exchange fees
S$0
Read More
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 2020

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 YOLO 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 MilesMiles 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

CashbackCashback 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 PointsReward 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%+)