Compare the Best Credit Cards in Singapore 2023

Looking for the best credit cards in Singapore? Compare and find your ideal card with MoneySmart’s easy-to-use credit card comparison tool. Read More
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Citibank logo
MoneySmart Exclusive
LUCKY DRAW | Faster Gift Redemption

Citi Cash Back+ Mastercard®

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

Apply and Spend $500 to get an Apple iPad 10.2" 64GB**, 9th Gen** (worth S$503.65) OR EverDesk+ Lite (worth S$619) OR Xbox Series S (worth S$469.90) OR S$350 Cash via PayNow. PLUS stand a chance to win a ROLEX or PlayStation 5!!! T&Cs apply.

Valid until 15 Feb 2023 - See more details below
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Standard Chartered logo
MoneySmart Exclusive
6%* Cashback on your everyday spends

Standard Chartered Smart Credit Card

Cashback from Netflix, Spotify, fast food joints and more. *T&Cs apply.
6%*
Annual Fee
S$0
Minimum Spend
S$0

Apply and spend S$500 to get S$320 Cash via PayNow OR Apple Airpods Pro 2nd Generation (worth S$362.35) OR Titan V1 7 Speed Foldable Bike (worth S$399).

PLUS, receive a $20 CASH BONUS by placing your Credit Card on file and making a minimum spend with selected merchants within the first 30 days from card approval. T&Cs apply.

Valid until 28 Feb 2023 - See more details below
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Citibank logo
MoneySmart Exclusive
LUCKY DRAW | Faster Gift Redemption

Citi PremierMiles Card

Local Spend
S$1 = 1.2 Miles
All Foreign Currency Spend including Retail and Online
S$1 = 2 Miles
Selected Online Hotel Bookings
S$1 = Up to 10 Miles

Apply and Spend $500 to get an Apple iPad 10.2" 64GB**, 9th Gen** (worth S$503.65) OR EverDesk+ Lite (worth S$619) OR Xbox Series S (worth S$469.90) OR S$350 Cash via PayNow. PLUS stand a chance to win a ROLEX or PlayStation 5!!! T&Cs apply.

Valid until 15 Feb 2023 - See more details below
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American Express logo
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
on Eligible Grab transactions, capped at $200 per month
S$1 = 3.1 Miles
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CIMB logo
MoneySmart Exclusive

CIMB World Mastercard

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 to qualify for 2% Cashback
S$1,000
Cash Rebate cap
Unlimited

Apply and spend S$988 to receive a free ErgoTune Classic Ergonomic Chair (worth S$399) or $250 Cash via PayNow or $300 eCapitaVouchers. T&Cs apply.

Valid until 28 Feb 2023 - See more details below
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Standard Chartered logo
MoneySmart Exclusive
Faster Gift Redemption

Standard Chartered Simply Cash Credit Card

Cash Back on Eligible spend
Up to 1.7%
Min. Spend per month
S$0
Cash Back Cap
Unlimited

Apply and spend S$250 to get S$250 Cash via PayNow or an Apple AirTag (1 Pack) AND Beats Studio Buds (worth S$266.40). T&Cs apply.

Valid until 28 Feb 2023 - See more details below
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Citibank logo
MoneySmart Exclusive
LUCKY DRAW | Faster Gift Redemption

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 $500 to get an Apple iPad 10.2" 64GB**, 9th Gen** (worth S$503.65) OR EverDesk+ Lite (worth S$619) OR Xbox Series S (worth S$469.90) OR S$350 Cash via PayNow. PLUS stand a chance to win a ROLEX or PlayStation 5!!! T&Cs apply.

Valid until 15 Feb 2023 - See more details below
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American Express logo
MoneySmart Exclusive

American Express The Platinum Card®

Earn 2 Membership Rewards®
Every $1.60 spent
with 10Xcelerator by Membership Rewards®
$1.60 = 20 Membership Rewards® points
Spent with Singapore Airlines and Scoot
$1.60 = 5 Membership Rewards ® points
Get up to 75,000 worth of Membership Rewards® points from Amex when you apply. Min. spends of S$15,000 within first 3 months of card approval and payable annual fee required. T&Cs Apply.
Valid until 03 Apr 2023 - See more details below
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HSBC logo
Online Promo
Earn Points for Everyday Spending

HSBC Revolution Credit Card

Rewards
S$1= 10 Points
Rewards
S$1= 4 Miles
Min. Spend
S$0
Online Promo:
Receive Samsonite Prestige 69cm Spinner Exp with built-in scale (worth SGD670) or SGD200 cashback for new HSBC cardmembers. Existing HSBC cardmembers receive $50 cashback. Min. spends of S$500 upon card approval required. T&Cs apply.

Supplementary Card Promo:
Get up to S$150 cash back (S$30 per supplementary card, up to maximum of 5 cards).
Valid until 30 Apr 2023 - See more details below
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Standard Chartered logo
MoneySmart Exclusive
Faster Gift Redemption

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

Apply and spend S$250 to get S$250 Cash via PayNow or an Apple AirTag (1 Pack) AND Beats Studio Buds (worth S$266.40). T&Cs apply.

Valid until 28 Feb 2023 - See more details below
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American Express logo
MoneySmart Exclusive

American Express Platinum Credit Card

at participating Platinum EXTRA Partners
S$1.60 = 10 Points
on All Other Spend
S$1.60 = 2X Points
Rewards to Miles Conversion
1 Point = 0.55 Miles

Get the Apple Airpods Pro, 2nd Generation (worth S$362.35) OR S$300 eCapitaVouchers OR $250 Cash via PayNow when you apply, spend and complete annual fee payment! T&Cs apply.

Valid until 28 Feb 2023 - See more details below
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DBS logo
Online Promo
Online & Visa Contactless Spend

DBS Live Fresh Card

Cash Back on Online Spend & Visa Contactless
Up to 5%
Min. Spend
S$600
Cash Back Cap
Up to S$75
Online Promo:
Welcome Gift: Get S$150 Cashback when you apply with promo code 150CASH and make the min. spend of S$800 within 60 days of card approval. T&Cs apply.
Valid until 30 Jun 2023 - See more details below
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DBS logo
Online Promo
Earn Miles That Never Expire

DBS Altitude Visa Signature Card

Local Spend
S$1 = 1.2 Miles
Overseas Spend
S$1 = 2 Miles
Hotel Transactions at Kaligo
S$1 = 10 Miles
Online Promo:
Welcome Gift: Get S$150 Cashback when you apply with promo code 150CASH and make the min. spend of S$800 within 60 days of card approval. T&Cs apply.
Valid until 30 Jun 2023 - See more details below
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DCS logo
Online Promo

DCS CASHBACK Card

on all eligible transactions
Up to 5% Cash Rebate
Airport Lounge Access and Insurance Coverage
Complimentary
Annual Principal Fee
S$194.40 (inclusive of GST)
Online Promo:
Apply for a minimum of any 2 DCS cards and spend a minimum of $350 monthly for 2 consecutive months to receive a pair of GOTRIP luggage bags (worth S$500). T&Cs apply.
Valid until 31 May 2023 - See more details below
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DCS logo
Online Promo

DCS DON DON DONKI Card

at Don Don Donki outlets (with no minimum spend)
Up to 5% Rebate
upon Basic Card Approval
$10 Don Don Donki Voucher
Annual Principal Fee
S$194.40 inclusive of GST (first year Free)
Online Promo:
Apply for a minimum of any 2 DCS cards and spend a minimum of $350 monthly for 2 consecutive months to receive a pair of GOTRIP luggage bags (worth S$500). T&Cs apply.
Valid until 31 May 2023 - See more details below
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American Express logo
MoneySmart Exclusive
Convenience & Perks for Frequent Flyers

American Express Singapore Airlines KrisFlyer Ascend Credit Card

Local Spend
S$1 = 1.2 Miles
Overseas Spend
S$1 = 2 Miles
on Eligible Grab transaction, capped at $200 per month
S$1 = 3.2 Miles
Get up to 21,500 worth of KrisFlyer Miles (worth a return trip to Bali or 1-way trip to Perth/Darwin via Singapore Airlines) from Amex when you apply. Min. spends of S$1,000 within first month of card approval and payable annual fee required. T&Cs Apply.
Valid until 28 Feb 2023 - See more details below
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DBS logo
Online Promo
Earn Miles That Never Expire

DBS Altitude American Express Card

Local Spend
S$1 = 1.2 Miles
Overseas Spend
S$1 = 2 Miles
Hotel Transactions at Kaligo
S$1 = 10 Miles
Online Promo:
Welcome Gift: Get S$150 Cashback when you apply with promo code 150CASH and make the min. spend of S$800 within 60 days of card approval. T&Cs apply.
Valid until 30 Jun 2023 - See more details below
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HSBC logo
Online Promo
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
Online Promo:
Receive Samsonite Prestige 69cm Spinner Exp with built-in scale (worth SGD670) or SGD200 cashback for new HSBC cardmembers. Existing HSBC cardmembers receive $50 cashback. Min. spends of S$500 upon card approval required. T&Cs apply.

Supplementary Card Promo:
Get up to S$150 cash back (S$30 per supplementary card, up to maximum of 5 cards).
Valid until 30 Apr 2023 - See more details below
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Maybank logo
Earn up to 8% Cashback

Maybank Family & Friends Card

cashback globally on 5 preferred cashback categories from the list of 10 options
8%
cash rebate on all other spend
0.3%
Fee Waiver
3 years annual fee waived
Apply Now
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DCS logo
Online Promo

DCS Sheng Siong Card

at Sheng Siong outlets (with no minimum spend)
Up to 5% Rebate
when you spend outside Sheng Siong
Earn Club Rewards Points
Annual Principal Fee
S$194.40 (inclusive of GST)
Online Promo:
Apply for a minimum of any 2 DCS cards and spend a minimum of $350 monthly for 2 consecutive months to receive a pair of GOTRIP luggage bags (worth S$500). T&Cs apply.
Valid until 31 May 2023 - See more details below
Apply Now
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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 2023

Credit CardBest ForReward Type
Citi Cash Back CardSavings on dining, grocery and grab spendingsCashback
Citi PremierMiles CardEarning bonus miles that do not expireMiles
American Express Singapore Airlines KrisFlyer Credit CardConvenience and perks for frequent flyersMiles
Standard Chartered Simply Cash 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 Smart Credit CardNetflix, Spotify, fast food dining and public transportCashback

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 Card: Use for online hotel and flight bookings
  2. UOB PRVI Miles Card: Use for general local spend
  3. American Express Singapore Airlines KrisFlyer Card: Use for earning KrisFlyer miles

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. Make use of the ongoing credit card promotions to enjoy the full benefits of the card rewards on top of the promotion offer.

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.

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%+)