The best cashback credit cards in Singapore help you save money on your daily spending in a convenient and easy way.
Every spending situation is unique. SingSaver assembles the ‘Best For‘ list, so you can decide what’s best for you.
Cashback credit cards offer perhaps the most straightforward type of reward 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.
What should I look out for in a cashback credit card?
Cashback is usually 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.
In addition, some cards come with pretty extensive terms and conditions. These include:
- monthly cap on cashback you can receive per month
- monthly minimum spend before you qualify for advertised cashback rate
- different cashback rates based on weekday or weekend spend
- specific merchant partners such as specific petrol chains (i.e. Caltex) or supermarket chains (eg Cold Storage)
To help you compare and apply for the best cashback credit cards and maximise your savings, we present our recommended cashback cards for 2021. Choose between:
- Higher cashback rates (with minimum spend and cashback cap)
- Cashback cards with no minimum spend, no cashback cap
Best cashback credit cards: With minimum spend and cashback cap
| Best For | Cashback Rate | Fee Waiver | |
| Citi Cash Back | Groceries, Dining and petrol | ∙ 8% cashback on grocery, dining and petrol ∙ 6% cashback on dining | 1-year annual fee waiver |
| OCBC 365 | Dining and general savings | ∙ 6% cashback on dining and online food delivery ∙ 3% cashback on groceries, land transport, utilities and online travel ∙ 5% on fuel spend | 2-year fee waiver |
| DBS Live Fresh | Online and Visa contactless spend | ∙ Up to 5% cashback on online and Visa contactless spend (including SimplyGo rides) ∙ Additional 5% cashback on select eco-friendly merchants | 1-year annual fee waiver |
| CIMB Visa Signature | All-round spending | ∙ 10% cashback on grocery, online spending, beauty and wellness, pet shops and veterinary services, cruises | No fees for life |
| UOB EVOL | Online shopping and mobile contactless transactions | ∙ 8% cashback on online spend ∙ 8% cashback on mobile contactless spend | 1-year annual fee waiver |
Credit card offers are subject to changes at any given time.
#1 Citi Cash Back Card: Best for groceries, dining and petrol
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 8% cashback at virtually every stop of your trip, be it at your neighbourhood supermarket or your go-to petrol kiosk. You can also enjoy 6% cashback on dining at restaurants, cafes, fast food eateries and caterers. 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 8% on two common spending criteria – groceries and petrol
- High cashback of 6% on dining
- 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.
SingSaver exclusive promotion: Snag an ErgoTune Supreme (worth S$599) or an Apple Watch SE (worth S$419) or S$350 cash when you apply and make a qualifying spend of S$500 within 30 days of card approval. Existing cardmembers receive S$30 cash. Valid till 24 October 2021. T&Cs apply. Pick your Citibank card here!
#2 OCBC 365: Best for dining and general savings
The OCBC 365 Card is one of our favourite cashback credit cards for all-round savings.
Enjoy 6% cashback on dining and online food delivery all week, and 3% cashback on on groceries, land transport, utilities and online travel. If you drive, the OCBC 365 Card offers amazing cashback of 5% on fuel spend at all petrol service stations and up to 23% savings at Caltex.
However, there’s a downside: the monthly minimum spending is S$800, otherwise, your cashback rate is only 0.3%.
Why we love this card:
- 6% cashback on dining and online food delivery
- 3% cashback on groceries, land transport, online travel, and utilities
- 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 per month
Apply for this card if you: Drive often and want to save across a wide variety of transactions common to your lifestyle.
SingSaver promotion: Enjoy 5.6% cashback when you apply for the OCBC 365 credit card and make a min. monthly spend of S$800 within the first month following card approval. Promotion is for new OCBC cardmembers only. Valid till 31 August 2021. T&Cs apply.
#3 DBS Live Fresh: Best online and Visa contactless spend
If you’re someone that does most of your shopping online, this could be the cashback card for you rewarding you with up to 5% cashback.
DBS Live Fresh also rewards you for Visa contactless payments (i.e. paywave) and this includes your mobile payments such as Apply Pay and Google Pay—perfect for those who like the idea of leaving your house without your wallet, especially when this card can double up as your EZ-Link card.
Additionally, cardmembers can now enjoy an additional 5% cashback on select eco-friendly merchants while doing their part for Planet Earth!
Why we love this card:
- 5% cashback for all your online purchases
- 5% cashback for Visa contactless spend, which includes your MRT and bus rides with SimplyGo
- Additional 5% cashback on select eco-friendly merchants
But do take note:
- Minimum spend of S$600 per month to enjoy cashback
- Cashback is capped at S$20 on online spend, S$20 on eligible Visa contactless spend, S$15 on sustainable spend, S$20 on all other spend each month
Apply for this card if you: Frequently shop online and enjoy leaving your home without your wallet, relying on mobile contactless to make purchases. 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.
Welcome Gift: Enjoy S$300 cashback when you key in the promo code OCTFLASH upon application. A minimum spend of S$300 must be made within 60 days of card approval. Valid till 18 Oct 2021. T&Cs apply.
If you’re not a new DBS/POSB credit cardmember, consider these promotions instead.
#4 CIMB Visa Signature Card: Best for all-round spending
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.
At a time when we are spending most of our time at home, the 10% cashback on online shopping and groceries comes in handy. This 10% cashback applies to not just in-store grocery spend, but also on groceries bought online.
Additionally, this card is compatible with SimplyGo, fitting right into your wallet as an EZ-Link card.
Why we love this card:
- High cashback of 10% for multiple categories
- No annual fees for life
- S$80 cash credit signup promotion
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: Like to have a fuss-free card for all-round spending, particularly for groceries, beauty and wellness, online shopping, and veterinary services.
Welcome gift: Receive a Samsung Galaxy Buds2 (worth S$248) or S$130 cash when you make a min. spend of S$500 for two consecutive 30-day periods following card approval to be eligible. Valid till 31 October 2021. T&Cs apply.
#5 UOB EVOL Card: Best for online and mobile contactless shoppers
Adore the cashless lifestyle online and in real life? The UOB EVOL Card could be for you.
Best for anyone and everyone who has a penchant for shopping online or making payments via mobile contactless payment platforms like Apple Pay, Samsung Pay and Fitbit Pay, the UOB EVOL Card is one not to be missed thanks to the generous cashback it offers.
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)
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.
Welcome Offer: Receive S$1,299 worth of Singtel vouchers if you are among the first 15 new-to-UOB cardmembers to make a min. spend of S$1,500. Valid till 7 Oct 2021. T&Cs apply.
Get S$300 bonus cashback if you are among the subsequent 100 new-to-UOB cardmembers to make a min. spend of S$1,500. Valid till 31 Oct 2021. T&Cs apply.
Best cashback credit cards: No minimum spend and cashback cap
| Best For | Cashback Rate | Fee Waiver | |
| Standard Chartered Unlimited Credit Card | Instant digital credit card | 1.5% on all spends 1% on approved funds transfer | 2-year annual fee waiver |
| Citi Cash Back+ Credit Card | High cashback rate regardless of spending category | 1.6% on all spends | 1-year annual fee waiver |
| American Express True Cashback Card | Purchasing big ticket items in the first 6 months | 1.5% on all spends and 3% cashback on first $5,000 in the first 6 months | 1-year annual fee waiver |
| CIMB World Mastercard | Dining, entertainment and duty free transactions | 2% on Wine & Dine, Entertainment & Recreation, Automobile and Duty Free Store purchases 1.5% on all other spends | 1-year annual fee waiver |
#1: Standard Chartered Unlimited Cashback Credit Card
The Unlimited Cashback Credit Card by Standard Chartered gives you 1.5% cashback each time you spend, whether for a restaurant meal, household grocers, or a new pair of gym shoes.
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.
SingSaver’s Exclusive Promotion: Receive a set of Marshall Mode II (worth S$299) or S$230 cash when you apply for the Standard Chartered Unlimited or Standard Chartered Rewards+ credit card!
To be eligible for this promotion, you’ll have to be a new Standard Chartered Bank cardholder and a min. spend of S$300 must be made on eligible goods and services within 30 days of card approval. If you already have a Standard Chartered credit card, you’ll be rewarded with S$30 cash via PayNow when you sign up. Promotion is valid till 25 October 2021, T&Cs apply.
Welcome offer: Enjoy 35,000 miles upon card approval and payment of the annual fee. Valid till 31 December 2021. T&Cs apply. Apply for the Standard Chartered Visa Infinite Credit Card now!
#2: Citi Cash Back+ Credit Card
Citibank charges into the unlimited cashback fray with its recently launched 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 seeking to earn cashback across multiple transaction types.
SingSaver exclusive promotion: Snag an ErgoTune Supreme (worth S$599) or an Apple Watch SE (worth S$419) or S$350 cash when you apply and make a qualifying spend of S$500 within 30 days of card approval. Existing cardmembers receive S$30 cash. Valid till 24 October 2021. T&Cs apply. Pick your Citibank card here!
#3: American Express True Cashback 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.
SingSaver Exclusive Offer: The first 15 successful card applicants at 12pm, 3pm and 6pm daily get an Apple iPad 10.2″ 64GB (worth S$499). The 16th applicant onwards gets an ErgoTune Classic (worth S$399), Apple AirPods Pro (worth S$379) or S$160 cash. Valid till 22 Oct 2021. T&Cs apply.
Receive 3% cashback of up to $150 on your first S$5,000 spend within the first 6 months of card approval. Valid till 31 Jan 2022. T&Cs apply.
Enjoy additional 1% cashback when you register your card. T&Cs apply.
#4: CIMB World Mastercard
Just because unlimited cashback cards apply flat cashback across all spends for convenience doesn’t mean you can’t enjoy higher savings on your favourite activities too.
With the CIMB World Mastercard, you’ll earn 2% cashback on dining, entertainment, automobile and duty-free transactions. For all other spends, you’ll earn 1.5% cashback — just like that.
Also, this card has no annual fee for life, saving you money year after year. Talk about having your cake and eating it too.
Welcome gift: Receive a Samsung Galaxy Buds2 (worth S$248) or S$130 cash when you make a min. spend of S$500 for two consecutive 30-day periods following card approval to be eligible. Valid till 31 October 2021. T&Cs apply.
Compare and apply for the best cashback credit cards on SingSaver
If you’re looking for a good cashback card to help you save on everything from groceries, to petrol, to transport, be sure to apply through SingSaver to maximise your welcome rewards with exclusive sign-up bonuses (and this is on top of the bank’s own rewards!). Use SingSaver’s free online comparison tool to compare the best cashback credit cards in Singapore.
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