Based on an average monthly spend of S$2,000, we analysed the best cash rebate credit cards on the market to estimate returned value-to-consumer after 2 years, accounting for rebates and netting out annual fees. We discuss each of our top picks in detail to help you assess which ones are the best fit for your needs, accounting for various factors like monthly spending requirements, ease of use and versatility.
Cashback cards are a convenient alternative to points and miles cards that can offset your monthly card bill by earning rebates on specific kinds of spending. Take a look at the cards we think work best for different kinds of consumers below – or go to our rewards calculator to see exactly how much value you could get from each cashback card in Singapore.
UOB One Card offers great cashback rates (up to 10%) for consistent spenders looking to earn cashback on everyday essentials.
Pros
- Good fit for budgets of at least S$2,000 per month
- Easy cashback on daily spend
- Gives rebates for paying bills
Cons
- Doesn’t fit high budgets or low/inconsistent budgets
- Annual fee
Fees, Rewards, and Perks
- “Annual fee: S$192.60 (first year- waived)
- 5% rebate on general spend, up to S$300/quarter (S$2,000 min spend) with min 5 transactions/mo
- Up to 10% on Grab, Shopee, Dairy Farm Singapore & select UOB travel, 6% on utilities bills
- 3.33% rebate, up to S$100/quarter (S$1,000 min spend)
- 3.33% rebate, up to S$50/quarter (S$500 min spend)
- 0.03% rebate on all spend if no rebate earned for calendar year
- Up to 21.15% savings at Shell and 24% at SPC’
Maybank Family & Friends is one of the most flexible cashback cards on the market, allowing customers to self-select 5 cashback categories on which they earn 8% cashback.
Pros
- Good for budgets of S$800/month
- Awards 8% cashback on 5 categories of your choice
- 3 year annual fee waiver
- Great to use in Singapore, Malaysia, Indonesia and the Philippines
Cons
- Merchant restrictions
- Lacks miles & travel perks
Fees, Rewards, and Perks
- Annual fee: S$180 (3 years fee waiver)
- Up to 8% rebate on 5 preferred categories (dining & food delivery, groceries, retail, petrol discounts & online TV streaming)
- Up to S$125 cashback per month with S$800 min spend
- 0.3% rebate all other spend
Citi Cash Back Card offers highest available cashback on petrol (20.88%), followed by groceries (8%) and dining (6%). Another benefit is cashback rates apply both at home and abroad.
Pros
- Great dining and groceries rewards
- High petrol discounts
Cons
- Lacks shopping and entertainment rewards
- Not suitable for lower budgets
Fees, Rewards, and Perks
- Annual fee: S$192.60 (first year- waived)
- 8% cashback on groceries
- 6% cashback on dining
- Up to 20.88% fuel savings at Esso & Shell and 8% cashback at other petrol stations
- 0.25% cashback on all other purchases
- Cashback capped at S$80/month
POSB Everyday Card offers cashback on everyday essentials such as dining, groceries, shopping, travel, transport and utilities. Its highest cashback rate is 10% on foodpanda and Deliveroo.
Pros
- Benefits highly diversified spend with large food budgets
- Great fit for commuters seeking a convenient, an all-in-one card
Cons
- Not suitable for consistent spend of S$2k+/mo
- Lacks travel rewards
- Has an annual fee
Fees, Rewards, and Perks
- Annual fee: S$192.60 (first year – waived)
- 10% cash rebates on online food delivery (foodpanda, Deliveroo and WhyQ ) and 3% on other dining spend
- 8% cash rebates on fuel (up to 21.8% at SPC)
- 5% cash rebates on groceries (Sheng Siong)
- 8% cash rebates on online shopping (Amazon, Lazada, Qoo10, Shopee, RedMart & iHerb)
- 3% cash rebates on personal care at Watsons
- 1% cash rebates on recurring bills with select merchants (capped at S$1/month)
- 0.3% cash rebate on all other spend
- DBS Payment Plan: pay 0% interest, up to 6 months
HSBC Advance Card offers 3.5% boosted cashback on min S$2,000/mo spend and meeting additional requirements, making it a great cashback card for wealthy customers.
Pros
- Great fit for budgets between S$2,000 and S$8,000/month
- Easy, low-maintenance cashback
Cons
- Not suitable for average or below-average spend
- Lacks travel perks
- Doesn’t fit highly specialised spend behaviors
Fees, Rewards, and Perks
- Annual fee: S$192.60 (first year- waived)
- 2.5% base cashback on purchases of S$2,000 and above
- 1% bonus cashback when deposit min S$2,000 per month
- Up to 16% fuel savings with Caltex and 14% petrol discount with Shell
- Visa Concierge and e-Commerce purchase protection
BOC Visa Infinite Card offers 1% unlimited cashback on all spend in Singapore, and a waiver of currency exchange fees on overseas transactions.
Pros
- Unlimited 1% cashback on all purchases in Singapore
- Waives 1.5% currency exchange fees on overseas transactions
- Great perks like 24-hour lifestyle concierge, Plaza Premium Lounge access for 2
Cons
- No rewards rate for overseas spending
- High income requirement (S$120,000) and annual fee (S$374.50)
Fees, Rewards, and Perks
- Annual fee: S$374.50 (first year waived)
- 1% cash rebate on all local purchases
- No minimum spend and no caps
- Waiver of 1.5% currency exchange fees on overseas transactions
- 2 Complimentary lounge access annually
Best Cashback Credit Cards with No Annual Fee
If you’re looking to earn cashback without paying an annual fee, check out the cards below.
While OCBC 365 Card offers great cashback on everyday essentials, unlike its competitors, it has a relatively high cashback cap (S$80/mo), a simple rewards structure and fewer merchant restrictions.
Pros
- 6% rebate on dining, 3% on groceries, transport, recurring bills, online travel
- Fee waiver with S$10,000 annual spend
- Up to 22.1% fuel savings at Caltex, 20.2% at Esso
Cons
- 0.3% rebate on general spend
- High S$800 minimum spend requirement
Fees, Rewards, and Perks
- Annual fee: S$192.60 (automatic annual fee waiver with min annual spend of S$10,000)
- 6% rebate on local, overseas dining & online food delivery
- 3% rebate on local, overseas and online groceries
- 3% rebate on land transport, utilities (telco and electricity bills) & online travel
- 5% rebate on petrol (up to 22.1% fuel savings at Caltex and 20.2% with Esso)
- 0.3% cashback on all other spend
- Visa Concierge Services
HSBC Visa Platinum offers 5% cashback on family spend such as dining, groceries and fuel.
Pros
- Great local dining & groceries rewards
- Suitable for moderate budgets (S$1,600+/month)
- Cashback & miles rewards
Cons
- Limited miles & travel perks
- Not suitable for frequent online shoppers
Fees, Rewards, and Perks
- Annual fee: S$192.60 (waived for two years)
- 5% cashback on local dining, groceries & petrol (up to S$250/quarter)
- 0.4 miles per S$1 general spend, unlimited
- Up to 21% fuel savings with Caltex, Shell (including 5% card rebate)
CIMB Platinum MasterCard has no annual fee for life and offers 10% cashback on travel, transport, health and dining expenses.
Pros
- Awards cashback for global transport
- Cashback for medical expenses and travel spend in foreign currency
- No annual fee credit card
Cons
- Doesn’t award cashback on everyday essentials
- No cashback on online spend
Fees, Rewards, and Perks
- Annual fee: free for life
- 10% cashback on dining, medical, transport, petrol & overseas travel
- 10% cashback on select electronics/furnishings vendors
- Unlimited 0.2% cashback on all other spend
- CIMB 0% Interest i.Pay Instalment Plan
Best Unlimited Cashback Credit Cards
Credit cards with high or unlimited rewards caps can increase affluent consumers’ rewards potential.
Citi Cash Back+ Card offers one of the highest unlimited cashback rates on the market – 1.6%, on all spend without restrictions, boosted to 4.5% for the first 3 months since card approval.
Pros
- Affluent consumers spending S$7k+/mo
- People interested in an easy-to-use flat rate card
- Those looking to avoid spend requirements or rewards caps
Cons
- Average or lower spenders looking to maximise rewards
- Those with specialised spend (i.e. dining, shopping)
- Consumer looking to avoid an annual fee
Fees, Rewards, and Perks
- Annual fee: S$192.60 (first year – waived)
- 1.6% cashback on all local and overseas spend
- No minimum spend
- No cap on cashback
- Welcome gift of 4.5% cashback on up to S$5,000 in first 3 months
Standard Chartered Unlimited Cashback offers customers 1.5% cashback on all spend, boosted to 5% for the first 3 months since card approval.
Pros
- Unlimited 1.5% flat cashback
- No minimum spend requirement
- Up to 21% fuel savings with Caltex
Cons
- No boosted rates in specific categories
- No travel perks
Fees, Rewards, and Perks
- Annual fee: S$192.60 (waived for two years)
- Unlimited 1.5% cashback on all spend
- Caltex petrol discounts up to 21%
American Express True Cashback offers unlimited 1.5% cashback on all purchases, boosted to 3% for the first 6 months since card approval.
Pros
- Great Amex perks
- Straightforward, easy-to-use card
Cons
- Not suitable for lower budgets
- Rewards general spend only
Fees, Rewards, and Perks
- Annual fee: S$171.20 (first year – waived)
- Get 1.5% cashback on all eligible spend, with no min. spend required and no cap
- Get double the cashback at 3% on first S$5,000 spent within first 6 months
- Free travel insurance up to S$350,000 when you purchase travel tickets with this card
Maybank FC Barcelona Card offers 1.6% unlimited cashback on all purchases. The only downside is this rate applies only to local spend.
Pros
- Affluent consumers spending S$6,500+/month
- High spenders with mostly local budgets
- Football fans–especially of FC Barcelona
Cons
- Frequent travellers with high overseas spend
- People spending less than S$5,000/month
- Consumers who prioritise travel perks & privileges
Fees, Rewards, and Perks
- Annual fee: S$120
- Unlimited 1.6% rebate on local spend
- 2 Pts (0.8 miles) per S$1 on foreign currency transactions
- 5% Discount in FCBotiga official store in Camp Nou
- Free travel insurance
OCBC 90°N Card has a rather flexible rewards structure offering customers access to both miles and cashback. What’s even better is that miles don’t expire, there are no conversion fees and no caps or min spend requirements.
Pros
- VersatilMiles: 1.2 mi/S$1 locally, 2.1 mi overseas
- No conversion fees & rewards never expire
Cons
- Local rates are less competitive
- No category-specific rewards boosts
- Perks limited to discounted lounge access
Fees, Rewards, and Perks
- Annual fee: S$53.50 (Extra 10,000 Travel$ with S$139 top-up)
- Miles Option: 1.2 miles per S$1 locally, 2.1 miles overseas
- 1 mile per S$1 spent on AXS Pay + Earn transactions
- No conversion fees & rewards never expire
- Access to Mastercard Airport Experiences
CIMB Visa Infinite Card offers unlimited 2% cashback on travel, overseas and online foreign spend, making it a great option for frequent travellers and affluent customers.
Pros
- Best fit for monthly budgets above S$2,000
- Unlimited 2% cashback on travel, overseas and online
- No annual fee credit card
Cons
- Not suitable for spenders with local budgets
- Doesn’t fit specialised budgets (ie dining, shopping) and infrequent travellers
Fees, Rewards, and Perks
- Annual fee: free for life
- Unlimited 2% cashback on all travel and overseas spend
- Unlimited 2% cashback on online spend in foreign currencies
- Unlimited 1% cashback on all other spend
- Free travel insurance, 3 complimentary access to airport lounges
- Visa Infinite Concierge
- CIMB 0% Interest i.Pay Instalment Plan
Currently, UOB Absolute Cashback Card offers the highest unlimited cashback rate on the market – 1.7%. With no mins, caps or restrictions, you can earn on dining, shopping, rent and insurance.
Pros
- Unlimited cashback
- No min, caps or exclusions
- American Express Card privileges
Cons
- Low cashback rate for smaller budgets
- Annual fee
Fees, Rewards, and Perks
- Annual fee: S$192.60 (first year – waived)
- 1.7% unlimited cashback
- No min spend and no spend exclusions
- Earn cashback on insurance payments, school fees, wallet top-ups
- Cashback also available on healthcare, utilities and telco bills and rental payments
Best Cashback Credit Cards for Lower Spenders
If you have a limited budget, you can still maximise rewards for spend with these credit cards.
OCBC Frank Card is a great fit for young professionals, with its low min spend requirement (S$600) and 6% cashback on all online and contactless spend, as well as foreign currency purchases.
Pros
- 6% rebate on online, mobile contactless, and FX spend
- Fee waiver with S$10,000 annual spend
Cons
- 0.3% rebate on general purchases
- Annual fee after 2 years
- Capped cashback at S$75
Fees, Rewards, and Perks
- Annual fee: S$80 (waived for two years)
- Automatic annual fee waiver with min annual spend of S$10,000
- 6% rebate on online and app spend
- 6% rebate on mobile contactless payments (Apple Pay, Samsung Pay, Google Pay, Garmin Pay and Fitbit Pay)
- 6% rebate on foreign currency spend
- 0.3% cashback on all other spend
- Monthly cashback capped at S$75
Citi SMRT is a great fit for young professionals who often commute to work. With this card, you can earn 5% cashback on groceries, online spend, taxis and EZ-Link Auto top-up, all with S$500 min monthly spend.
Pros
- Good rewards rates for modest budgets
- SMRT$ rewards on EZ-Reload transactions
Cons
- Not suitable for higher budgets
- Lacks travel and overseas rewards
Fees, Rewards, and Perks
- Annual fee: S$192.60 (first 2 years- waived)
- Up to 5% SMRT$ on groceries and online spend
- 5% SMRT$ on EZ-Link Auto Top-Up SimplyGo
- 5% on Taxis and private-hire rides
- Up to 14% fuel savings at Esso and Shell
- S$600 cap on SMRT$ rebate annually.
Maybank Platinum Visa rewards consistent spenders. Those who spend at least S$300/mo for a quarter will earn up to 3.33% cash rebate on all local and foreign currency spend (cashback capped at S$100 per quarter).
Pros
- Great starter card for young adults
- Good fit for budgets between S$300 and S$500/month
- S$80 annual fee
Cons
- Few extra perks
- Doesn’t award specialised spend (ie dining, shopping)
Fees, Rewards, and Perks
- Annual fee: S$80 (3 years fee waiver)
- Subsequently quarterly service fee is waived w/ card use at least 1x/quarter
- Up to 3.33% on all local and foreign currency spend
- $30 quarterly rebate with at least S$300 monthly spend
- S$100 quarterly rebate with at least S$1,000 monthly spend
- Free travel insurance
Best Cashback Credit Cards for Online Shopping
Many shopper cards only offer miles rewards; the following options offer cashback for online spend.
With Standard Chartered SingPost Spree you can earn 3% cashback on all online purchases in foreign currency and all vPost spend. All other retail spend earns 1% cashback.
Pros
- Great for monthly budgets below S$500
- Rewards overseas retailer shopping
Cons
- Not suitable for monthly budgets of S$500+
- Lacks local shopping rewards
Fees, Rewards, and Perks
- Annual fee: S$192.60 (waived for the first 2 years)
- 3% cashback on foreign online & vPost transactions, 2% local online & contactless transactions
- 1% cashback on general spend
- Up to 25% discounts with vPost
- Online Price Guarantee
- Up to 16% fuel savings with Caltex
In addition to offering cashback on online and contactless spend (5%),as many other cards do for young spenders, what makes it stand out is that it also rewards spend at eco-friendly merchants with 5% cashback.
Pros
- Great for monthly budgets below S$500
- Rewards overseas retailer shopping
Cons
- Not suitable for monthly budgets of S$500+
- Lacks local shopping rewards
Fees, Rewards, and Perks
- Annual fee: S$192.60 (waived for the first 2 years)
- 3% cashback on foreign online & vPost transactions, 2% local online & contactless transactions
- 1% cashback on general spend
- Up to 25% discounts with vPost
- Online Price Guarantee
- Up to 16% fuel savings with Caltex
With CIMB Visa Signature you can earn 10% cashback on online shopping, groceries, beauty, pet shops and cruises. In addition, 0.2% unlimited cashback on all other spend.
Pros
- Rewards online shopping, groceries and beauty spend
- Rewards pet spend and cruises
- No annual fee credit card
Cons
- Lacks discounts on transport & petrol
- Speciliazed spend
- Doesn’t fit frequent travellers
Fees, Rewards, and Perks
- Annual fee: free for life
- 10% cashback on groceries, online shopping, beauty, petcare & cruises
- Unlimited 0.2% cashback on all other retail purchases
- Free travel insurance & global concierge
- CIMB 0% Interest i.Pay Instalment Plan
Best Cashback Cards for Leisure & Entertainment
With these credit cards, you may be able to earn rebates on your social or hobby-related spend.
In addition to being the first bio-sourced card in the region offering discounts on eco-friendly merchants, UOB EVOL Card offers young spender 8% cashback on all online and contactless spend.
Pros
- Easy to use cashback card
- Great for budgets of at least S$600/month
- Rewards all online and mobile spend
Cons
- Lacks cashback on essentials (ie groceries, bills)
- Cashback capped at S$60/mo
Fees, Rewards, and Perks
- Annual fee: S$192.60 (first year- waived)
- 8% cashback on online and mobile contactless spend
- 0.3% cashback on all other spend
- S$600 min spend, S$60 cashback cap
- Southeast Asia’s first bio-sourced card
CIMB World MasterCard offers unlimited 2% cashback on dining, entertainment, automobile and duty free shopping and 1% unlimited cashback on all other spend. It also comes with golf perks.
Pros
- Great fit for big leisure budgets
- Rewards dining, entertainment and duty free shopping
- Perks for avid golfers
- No-fee & maintenance free cashback card
Cons
- Lack cashback on essentials (ie groceries, bills)
- Doesn’t reward airline & hotel spend
- Doesn’t fit monthly budgets of S$3,000/month and below
Fees, Rewards, and Perks
- Annual fee: free for life
- Unlimited 2% cashback on wine & dine, food delivery, entertainment, taxi & automobile, and luxury goods with min. spend of $1,000 monthly
- Unlimited 1% cashback on all other spend
- 50% off green fees at select fairways in Asia
- Free access to MasterCard Airport Experiences
- CIMB 0% Interest i.Pay Instalment Plan
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Text: Zoryana Melesh/ValueChampion
ValueChampion is a website which provides resources and advice for people looking to obtain loans, credit cards, insurance, or financial advice.
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- cashback cards
- credit cards