Compare the Best Credit Cards in Singapore 2020

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
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
Get a Sennheiser Momentum True Wireless 2 Earbuds (worth S$449) or $350 Cash via PayNow when you apply and spend on your card! 
Valid until 30 Nov 2020 - See T&Cs below
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Standard Chartered logo
MoneySmart Exclusive
Unlimited Cashback

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
Get an $200 Cash via PayNow or $250 Zalora Store Credits when you apply and spend on your card.
Valid until 30 Nov 2020 - See T&Cs below
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Citibank logo
MoneySmart Exclusive
Earn Points for Online Spending

Citi Rewards Card

Online Spend, including Food Delivery and Groceries
S$1= 10X Points
Grab and Gojek
S$1= 10X Points
All Other Spend
S$1 = 1 Point
Get a Sennheiser Momentum True Wireless 2 Earbuds (worth S$449) or $350 Cash via PayNow when you apply and spend on your card! 
Valid until 30 Nov 2020 - See T&Cs below
Apply Now
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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 an $200 Cash via PayNow or $250 Zalora Store Credits when you apply and spend on your card.
Valid until 30 Nov 2020 - See T&Cs below
Apply Now
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HSBC logo
MoneySmart Exclusive
Earn Points for Everyday Spending

HSBC Revolution Credit Card

Rewards
S$1= 10 Points
Rewards
S$1= 4 Miles
Min. Spend
S$0
Get $150 Zalora Store Credits with no minimum spend and an additional gift from HSBC when you get your card approved!
Valid until 30 Nov 2020 - See T&Cs below
Apply Now
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American Express logo
Online Promo
Unlimited Cashback

American Express True Cashback Card

Cash Back on All Spend
1.5%
Cash Back Cap
Unlimited
Min. Spend per month
S$0
Online Promo:
Get $120 Vouchers from Amex on top of their BAU acquisition offers when you apply and spend on your card!
Valid until 30 Nov 2020 - See T&Cs 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
S$60
Online Promo:
Get S$200 Cashback from DBS with no minimum spend when you apply for a Credit Card with the promo code "NOVFLASH"!
Valid until 26 Nov 2020 - See T&Cs below
Apply Now
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Citibank logo
MoneySmart Exclusive
Cashback on Dining, Groceries & Grab

Citi Cash Back Card

Cash Back on Dining, Groceries & Petrol
8%
Cash Back Cap per category, per month
S$25
Min. Spend per month
S$888
Get a Sennheiser Momentum True Wireless 2 Earbuds (worth S$449) or $350 Cash via PayNow when you apply and spend on your card! 
Valid until 30 Nov 2020 - See T&Cs below
Apply Now
More Details
American Express logo
Online Promo
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
Grab rides
S$1 = 3.2 Miles
Online Promo:
Get up to 15,000 Krisflyer Miles, a B&O Beoplay E8 2.0 (worth S$399) and up to $120 in Vouchers from Amex when you apply and spend on your card!
Valid until 30 Nov 2020 - See T&Cs below
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Citibank logo
MoneySmart Exclusive
Earn Miles That Don't Expire - Annual Fee Applies

Citi PremierMiles Card - New Customer (45,000 Welcome Miles)

Local Spend
S$1 = Up to 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
Get a Sennheiser Momentum True Wireless 2 Earbuds (worth S$449) or $350 Cash via PayNow when you apply and spend on your card! 
Valid until 30 Nov 2020 - See T&Cs below
Apply Now
More Details
DBS logo
Online Promo
Online Shopping

DBS Woman's Card

Online Spend
S$5 = 5 Points
Agoda Staycation
S$ = 5 Points
Min. Spend
S$0
Online Promo:
Get S$200 Cashback from DBS with no minimum spend when you apply for a Credit Card with the promo code "NOVFLASH"!
Valid until 26 Nov 2020 - See T&Cs below
Apply Now
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UOB logo

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
S$2,000
Apply Now
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POSB logo
Online Promo
Earn Cash Rebates that Never Expire

POSB Everyday Card

Cash rebates on food delivery
8%
Cash rebates on Sheng Siong, Amazon, Lazada
5%
Cash rebate on electricity and StarHub bills
1%
Online Promo:
Get S$200 Cashback from DBS with no minimum spend when you apply for a Credit Card with the promo code "NOVFLASH"!
Valid until 26 Nov 2020 - See T&Cs below
Apply Now
More Details
American Express logo
Online Promo

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
Online Promo:
Get a Samsung 24" FHD Monitor, a j5create USB HD Webcam (worth S$318) and up to $120 in Vouchers from Amex when you apply and spend on your card!
Valid until 30 Nov 2020 - See T&Cs below
Apply Now
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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
Staycation bookings
S$1 = 10 Miles
Online Promo:
Get S$200 Cashback from DBS with no minimum spend when you apply for a Credit Card with the promo code "NOVFLASH"!
Valid until 26 Nov 2020 - See T&Cs below
Apply Now
More Details
OCBC logo

OCBC Frank Card

Cash Back on Online Spend
6%
Cash Back Cap per month
S$75
Min. Spend per month on Total Purchases
S$600
Apply Now
More Details
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 a Sennheiser CX350 Wireless Earphones (worth S$149) and up to $120 in Vouchers from Amex when you apply and spend on your card! 
Valid until 30 Nov 2020 - See T&Cs below
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CIMB logo
Bank Promo

CIMB Visa Signature

Cash Back on Beauty & Wellness, Online Shopping, Groceries
10%
Min. spend per month
S$800
Cash Back Cap
S$100
Bank Promo:
Get $100 cash credit when you apply and spend at least S$350 per month for the first 2 months from approval!
Valid until 30 Nov 2020 - See T&Cs below
Apply Now
More Details
CIMB logo
Bank Promo

CIMB Platinum Mastercard

Cash Back on Wine & Dine, Petrol & Transport, Travel
10%
Min. spend per month
S$800
Cash Back Cap
S$100
Bank Promo:
Get $100 cash credit when you apply and spend at least S$350 per month for the first 2 months from approval!
Valid until 30 Nov 2020 - See T&Cs below
Apply Now
More Details
DBS logo
Online Promo

DBS Woman's World Card

Online Spend
S$5 = 10 Points
Base Earn Rate
S$5= 1 Point
Min. Spend
S$0
Online Promo:
Get S$200 Cashback from DBS with no minimum spend when you apply for a Credit Card with the promo code "NOVFLASH"!
Valid until 26 Nov 2020 - See T&Cs 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 2020

Best ForCredit CardReward Type
Savings on dining, grocery and grab spendingsCiti Cash Back CardCashback
Earning bonus miles that do not expireCiti PremierMiles Visa CardMiles
Convenience and perks for frequent flyersAmerican Express Singapore Airlines KrisFlyer Credit CardMiles
Unlimited cashback with Ez-link capabilitiesStandard Chartered Unlimited Cashback Credit CardCashback
Card and Savings Account BundleUOB One CardCashback
Highest cashback on any contactless paymentDBS Live Fresh CardCashback
Newlyweds and married couplesHSBC Advance Credit CardCashback
High Net-worth IndividualsAmerican Express The Platinum Card®Reward Points
Dining and EntertainmentUOB YOLO Credit CardCashback
Business TravelerStandard Chartered Visa Infinite Credit CardMiles

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%+)