In a world where every purchase counts, cashback credit cards bring a rewarding twist to your everyday transactions and more. They redefine the way we spend and save – from groceries to travel and everything in between, they provide tangible returns for each transaction in the form of cash rebates.

But with a plethora of enticing options on the market, choosing the best cashback cards can be extremely daunting. Not to mention, navigating through a sea of terms & conditions, eligibility criteria, and cashback categories poses respective challenges on their own. Where do we even begin?

Arguably, cashback credit cards offer the most straightforward type of rebates for consumers. Simply charge your spend to a cashback card, and you automatically receive a rebate off your purchase as cashback. This will be in the form of credit given back to you in your next monthly credit card statement. (Or in the case of the AMEX True Cashback Card, you receive the cashback within the same statement month!)

See also: What Should You Do If You Can't Pay Your Credit Card Bill?

In general, cashback is awarded on specific categories such as dining, online shopping, groceries, and transport so the first thing is to know your monthly spending habits and get the right cashback credit card for you.

See also: The Science Behind Spending Habits & Why We Spend?

That's why to help you maximise your savings, we've weighed the pros and cons and curated our top recommendations for the best cashback credit cards in Singapore.

If you bring the family out for dining and grocery shopping, the Citi Cash Back Card (not to be confused with the Citi Cash Back+ Card) is a good cashback credit card to have in your wallet.

It comes with a generous 6% cashback at virtually every stop of your trip, be it at your neighbourhood supermarket or your favourite restaurants, cafes, fast food eateries and caterers. You can also enjoy 8% cashback on petrol and private commutes. But you'll need to spend a monthly minimum spend of S$800 per month to earn cashback.

Cashback amounts are also capped at S$80 per month (dining, groceries, and petrol) but this can already save you S$80 each month.

❤️ Why we love this card:

• High cashback of 6% on two common spending criteria – groceries and dining

• High cashback of 8% on petrol and private commute (MCC 4121)

• High potential monthly savings of up to S$80

• Card can be used for ERP payments

⚠️ But do take note:

• Monthly minimum spend of S$800 to earn cashback

• Total cashback cap of S$80 per month

⭐ Get this card if you: Consistently spend on groceries, dining and petrol costs.

The OCBC 365 Card is one of our favourite cashback credit cards for all-round savings. 

Enjoy 3% cashback on dining and online food delivery all week, and 3% cashback on groceries, transport, and utilities. If you drive, the OCBC 365 Card offers amazing cashback of 6% on fuel spend at all petrol service stations, up to 22.92% savings at Caltex (including 18% instant discount for all fuel) and up to 21.04% savings at Esso.

See also: Best Petrol Credit Cards in Singapore

However, there’s a downside: the monthly minimum spending is S$800, otherwise, your cashback rate is only 0.25%.

Hitting the minimum S$800 minimum spend will see you earn S$80 cashback cap but if you are a big spender, hitting a S$1,600 minimum spend will unlock a S$160 cashback!

❤️ Why we love this card:

• 5% cashback on dining and online food delivery

• 3% cashback on groceries, land transport, utilities, streaming, drugstore and Electric Vehicle Charging

• 6% cashback on petrol, with fuel savings of up to 22.92% at Caltex and up to 21.04% at Esso

• Cashback-eligible spending categories are now more relevant than ever, and cover worldwide transactions

⚠️ But do take note:

• Minimum spend of S$800 per month to enjoy cashback

• Monthly cashback cap of S$80 or S$160 per month depending on monthly spending tier hit

⭐ Apply for this card if you: Drive often and want a reliable everyday cashback card to save across a wide variety of lifestyle transactions.

Another popular contender for everyday savings is the POSB Everyday Card. If you're a loyal Sheng Siong shopper, chances are you're probably familiar with this card already. But in case you're not, allow us to illustrate:

This card operates on two tiers of minimum spending: none and S$800 per month. As a result, the cash rebates differ within each tier accordingly.

With no min. spend	Min. S$800 spend
5% cash rebate on Sheng Siong groceries (capped at Daily$30)	10% cash rebate on online food delivery from foodpanda and Deliveroo 3% cash rebate on dining (capped at Daily$15)
Up to 3% cash rebate on utilities (capped at Daily$3)	5% cash rebate on online shopping at Amazon, Lazada, Qoo10, RedMart, Shopee, and Taobao (capped at Daily$15)
Up to 20.1% fuel savings at SPC 2% cash rebate at SpeedyCare (no Daily$ cap)	8% cash rebate at POPULAR online and in-stores (capped at Daily$15)
0.3% cash rebate on all other spend	3% cash rebate on phone bills (capped at Daily$3)

As you can see, this card rewards cash rebates on a diverse array of everyday spend categories – from your favourite online food delivery platforms like Deliveroo and foodpanda to even paying off your monthly telco and utility bills!

Perhaps the best cashback feature of the POSB Everyday Card is that even if you're unable to hit the S$800 minimum spend that month, you can still rest assured you're earning the maximum % rebate on Sheng Siong groceries, utilities, and your petrol top-ups at SPC. Think of it as a safety net for those months you want to save more. 😉

❤️ Why we love this card:

• Great for earning cashback on daily necessities like grocery shopping, utilities, and fuel spend without hitting minimum spend

⚠️ But do take note:

• Minimum spend of S$800 per month to maximise cashback on dining, food delivery, online shopping, and telco bills

• Monthly Daily$ cap differs across various categories, need to track individually

⭐ Apply for this card if you: Shop for groceries at Sheng Siong, drive often, and have household utilities to pay. Bonus if you can hit S$800 spend per month to maximise cashback on food delivery, dining, online shopping, and telco.

Honestly, when you think of "managing a household" and "high cashback", the Maybank Family & Friends Card is one of – if not – the best cashback card options.

Despite its high minimum S$800 monthly spend, it's well justified by its equally high 8% cashback on five preferred categories (out of 10):

Groceries, Dining & food delivery, Transport, Data communication & online TV streaming, Retail & pets, Online fashion, Entertainment, Pharmacy, Sports & sports apparels, and Beauty & wellness.

But wait, that's not all. Did you know, you can also earn 8% cashback on your chosen categories in Ringgit? Suddenly, all your shopping during your JB weekend getaways got a whole lot more convenient. 😆

All your spending is capped at S$125 per calendar month, split across S$25 per category. Plus, its annual fee is waived for three years which is better than most cards.

💡 Pro-tip: To get even more bang for your Ringgit buck, pair the Maybank Family & Friends Card (or any mastercard) with the Instarem amaze Card to bypass pesky foreign transaction (FCY) fees completely!

Credit cards typically charge a fee ranging between 2.95% to 3.5%, but multi-currency cards like amaze don't impose FCY fees and offer better real-time market currency conversion rates. 

❤️ Why we love this card:

• Easy 8% cashback on preferred spending at your fingertips; chosen from a broad range of categories

• Can earn 8% cashback on ringgit too, doubling up as a convenient travel card for weekend Malaysia trips

• High cashback cap of S$125 per month

⚠️ But do take note:

• High minimum spend of S$800 per month

• S$125 cashback cap limited to S$25 per category

⭐ Apply for this card if you: Manage everyday expenses for yourself (and/or a household) and frequent Malaysia often over the weekends.

The CIMB Visa Signature Card is the newest kid on the block to offer one of the highest headline cashback rates. Cardholders can expect to earn a cashback rate of up to 10% across categories like beauty and wellness, online shopping, grocery, pet shops and veterinary services, and cruises.

Notably, this card's appeal lies in its cashback offerings for pet-related services and cruises, particularly the former. While most credit cards still offer bonus rebates on cruise spending (categorised under travel spend), pet-related services like veterinary clinics are often excluded from earning bonus rebates. These services are typically labelled under MCC 0742. 

💡Pro-tip: Speaking of travel, charge your cruise tickets (and other travel expenses) to this card to unlock up to S$500,000 complimentary travel insurance coverage.

Additionally, this card is compatible with SimplyGo, fitting right into your wallet as an EZ-Link card.

Best of all, CIMB credit cards have no annual fees whatsoever and allow up to 4 supplementary cards per primary cardholder.

❤️ Why we love this card:

• High cashback of 10% for multiple categories, including niche or commonly-excluded categories

• Up to S$500,000 complimentary travel insurance coverage

• No annual fees for life

⚠️ But do take note:

• Minimum spend of S$800 per month to enjoy cashback

• S$20 cashback cap per category

⭐ Apply for this card if you: Incur high monthly spending of at least S$800 and want to earn high cashback on both everyday spend (like groceries, public transport, etc.) and dedicated categories (like veterinary services and cruises).

As one of the most fuss-free cashback cards on the market for the internet-savvy and digital natives. Simply save your card details on your computer and mobile wallet (e.g. Apple Pay, Samsung Pay, and Fitbit Pay), and you're well on your way to earning 8% cashback on all your online and contactless purchases left and right.

Compared to other cards, this generous cashback rate comes at a relatively lower S$600 minimum spend per month, with its cashback capped at S$60 per statement month divided across S$20 per spend category.

And finally, this cashback card has no annual fees so long as you make 3 eligible transactions per month throughout the statement year – which honestly, should be a piece of cake!

❤️ Why we love this card:

• High cashback of 8% for all online spends

• High cashback of 8% for mobile contactless spend (Apply Pay, Samsung Pay, Fitbit Pay)

• No annual fees with min. 3 monthly transactions throughout the year

⚠️ But do take note:

• Minimum spend of S$600 per month to enjoy cashback

• Cashback cap at S$60 per month

⭐ Apply for this card if you: Like to shop online or have the habit of paying through Apple Pay, Samsung Pay or Fitbit Pay.

When we think of being environmentally friendly, the OCBC FRANK Card cashback card immediately comes to mind. Cardholders are entitled to 8% cashback on foreign currency, online, and mobile contactless transactions. And if one of them happens to be an eligible eco-merchant, you're granted an extra 2% cashback on your spend.

Although this generous cashback rate comes at a hefty cost of minimum S$800 spend per month, it compensates with a high cashback cap of S$100 per calendar month (S$25 per category).

💡Pro-tip: SimplyGo transactions for public transport commutes are considered as eligible eco-merchants!

❤️ Why we love this card:

• High cashback of 8% for foreign currency, online, and contactless payments

• Extra 2% cashback on select eco-friendly merchants

• No annual fees with min. 3 monthly transactions throughout the year

⚠️ But do take note:

• High minimum spend of S$800 per month

• Cashback cap at S$100 per month, split across S$25 per category

⭐ Apply for this card if you: Have a tendency to shop online frequently (both local and overseas websites) and dislike bringing your wallet out.

Conversely, the DBS Live Fresh Card offers a lower rate of 6% cashback on local and overseas shopping spend and transport spend (including SimplyGo)

See also: EZ-Link vs EZ-Reload vs SimplyGo – How to Pay For Public Transport in Singapore

It also requires a minimum spending of S$800, capped at S$70 cashback per calendar month. On the bright side, it has an unlimited cashback rate of 0.3% for all other eligible spend, regardless of whether the minimum spend is met or not.

❤️ Why we love this card:

• Decent 6% cashback for local and overseas shopping spend and transport spend

• 0.3% unlimited cashback for all other eligible spend

• No cashback cap for all other eligible spend

⚠️ But do take note:

• Minimum spend of S$800 per month

• Cashback cap at S$70 per month, split across S$50 for shopping spend and $20 for transport spend

⭐ Apply for this card if you: Take public transport frequently and enjoys relying on a card for your daily expenditures. You can also consider the DBS Live Fresh if you have a DBS Multiplier account and need a credit card to bump up your interest rates.

Needless to say, the UOB One Card stands out as one of the most well-rounded, versatile cashback cards currently. Renowned for its tiered cashback structure, new-to-UOB customers are entitled to up to 15% cashback while existing UOB customers earn up to 10% cashback depending on the monthly spend.

But how exactly? Here's a quick rundown:

	Min. S$500 / S$1,000 spend	Min. S$2,000 spend
Base cashback	Quarterly 3.33%
Additional cashback	5%	6.67%
Enhanced cashback (New-to-UOB customers only)	6.67%	5%
Total cashback	New-to-UOB customers: 15% Existing UOB customers: 8.33% - 10%

Based on this structure, new-to-UOB customers can easily 15% cashback so long as they hit the minimum S$500 monthly spend. Meanwhile, existing UOB customers will earn either 8.33% cash rebate (with min. S$500/S$1,000 spend) or 10% cash rebate (with min. S$2,000 spend).

So far, these bonus cashback rates apply to transactions on public transport, Shopee, Dairy Farm International merchants, McDonald's, Grab, and UOB Travel. All other spend will earn the base 3.33% cashback  – provided that you fulfil the minimum spend.

❤️ Why we love this card:

• Highest cashback rate of up to 15% on daily spend

• Good all-rounder cashback card, can be paired with the UOB One Account

⚠️ But do take note:

• Complicated cashback tier and minimum spend system (S$500/S$1,000/S$2,000)

• Minimum spend needs to be fulfilled by at least 5 transactions per month for 3 consecutive months (per quarter)

• Quarterly base cashback

⭐ Apply for this card if you: Spend at least S$500 per month, keep track of monthly expenses, and don't mind delayed cashback

💡 Pro-tip: Besides being a reliable everyday cashback card, earn up to 5% p.a. interest on your first S$100,000 saved under a UOB One Account when you spend at least S$500 per month with the UOB One Card – which you already will!

Citi Cash Back+ Credit Card

Citibank charges into the unlimited cashback fray with the Cash Back+ Credit Card (not to be confused with the Citi Cash Back Credit Card), throwing down the gauntlet by offering 1.6% cashback on all spends. 

Although 0.1% more cashback is unlikely to make a difference (unless you charge tens of thousands of dollars to the card), the higher cashback earn rate still makes for an attractive option for fans of Citi credit cards seeking to earn cashback across multiple transaction types.

Standard Chartered Simply Cash Credit Card

Additionally, choose to consolidate your spending via a balance transfer and earn 1% cashback on your approved transfer amount. 

In combination, these two cashback channels effectively lets you ‘double-dip’ on your spending, but remember that carrying a credit card balance will incur significantly higher interest charges. But still, the extra savings would prove welcome if you need to transfer your balance.

American Express True Cashback Credit Card

One of the very first unlimited cashback cards to be launched on our shores, the enduring popularity of AMEX’s True Cashback Card boils down to its simple hook: 1.5% cashback on all spends with no minimum monthly spends nor cashback cap.

With this card, you simply spend as usual, accruing cashback which is automatically used to offset your monthly statement. Instant, fuss-free savings. 

The best part? You earn a whopping 3% cashback on all spends (up to S$5,000) during the first 3 months! This equates to a maximum cashback of S$150.

CIMB World Mastercard

With the CIMB World Mastercard, you’ll earn unlimited 2% cashback on wine and dine, online food delivery, movies and digital entertainment, taxi and automobile as well as luxury goods transactions — if you can hit the minimum spend of S$1,000 within the same statement month. Otherwise, the cashback that you can earn on eligible categories listed above will be halved to 1%.

For all other spends, you’ll earn unlimited 1% cashback with a minimum spend of S$500 posted in the same statement month.  

Also, this card has no annual fee for life, saving you money year after year. Talk about having your cake and eating it too.

Credit cards (including miles and rewards cards) come with an extensive set of criteria and T&Cs. Here are some terms unique to cashback cards to familiarise yourself with:

• Monthly cap on cashback you can receive per month

• Monthly minimum spend before you qualify for the advertised bonus cashback rate. Minimum spend is not usually required to earn base cashback.

• Different cashback rates depending on merchants and minimum spend tiers

• Specific merchant partners such as specific petrol chains (i.e. Caltex) or supermarket chains (eg. Cold Storage)

• Frequency of cashback differs across cards, ranging from "within the same month", "the following month", or "per quarter basis" 

• Type of cashback differs where cash can either be issued out as cash to offset your next month's bill or as the bank's form of rebate (e.g. Daily$ from DBS/POSB)