Subscription Modal Banner
Weekly newsletter subscription
Get SingSaver’s top tips and deals, plus an exclusive free guide to investing, sent straight to your inbox.

I agree to the terms and conditions and agree to receive relevant marketing content according to the privacy policy.

Success Tick Icon
Congratulations on successfully joining Singsaver Newsletter

The Best Credit Cards For Fresh Graduates In Singapore

SingSaver team

SingSaver team

Last updated 31 January, 2024

Even with comparatively lower spending power, there are plenty of ways fresh graduates and first jobbers can enjoy credit card rewards. Here’s our rundown of the best credit cards for unlimited cashback, bonus reward points and more.

So you've landed your first job. You’ve made it past probation. Congratulations, you’re officially a working adult!

There’s no milestone that quite marks the entry into adulthood post-graduation like entering the workforce — except that moment when you receive your very first credit card. You own with your name on shiny plastic.

And yes, believe it or not, there are credit cards that are built for fresh grads and first-jobbers, designed to reward you for the things you are more likely to spend on. And then there are other credit cards that, while not specifically targeting young consumers, also make for great choices due to how easy they make it for you to earn rewards. 

Below are the best credit cards for fresh graduates in Singapore. If you have a minimum income of S$30,000 a year and are above 21 years of age, then all you need to do now is take your pick.


Table of contents


How should fresh grads and first jobbers choose the best credit card?

Ease of earning rewards

How easy is it for you to earn credit card rewards? After all, there’s no point using a credit card that, say, gives generous cashback, but which sees you spending beyond your means just to meet the minimum spending requirement. That is clearly not sustainable and not the right card for you.

It’s far better to go with a credit card with a lower – or better yet, zero – barrier to earning your rewards. 

To wit: between a card that gives you 3% cashback on dining but requires a minimum spend each month that you can barely hit and a card that gives you 1.7% cashback without any minimum spending, which is more likely to give you cashback on a consistent basis?

That’s right, the latter card, which will prove more rewarding for you over time. 

Also read: Best Credit Cards For Your Fast Food Cravings & Late Night Supper Runs at McDonald’s

How well it matches your spending habits

This is related to the point above. You should pick a credit card that gives you rewards on the type of expenses you would normally spend on anyway. At no point should you feel you need to go out of your way just to earn your credit card rewards. 

One quick way to determine if a credit card is right for you is to take a look at your highest expenses (for e.g., food delivery), and calculate roughly how much rewards you can get from the card.
 

Fees and charges

Credit cards do not come for free. After all, all those perks and privileges and yes, rewards need to be funded somehow. 

Apart from interest charges – which you won’t need to worry about unless you’re using your card recklessly – the most significant expense of a credit card would be the annual fee. This typically ranges from a few hundred dollars to several hundreds per year, depending on the type of card. 

It’s not all bad though, as some card issuers give you rewards for paying the annual fee. There are also others that waive their annual fees completely, letting you enjoy your rewards without any extra costs.

As a fresh grad, it is crucial to reduce your expenses as much as possible, and choosing credit cards without annual fees is a good way to do so. 

But that doesn't mean you should automatically rule out credit cards with fees. As mentioned, if paying the fee gives you more rewards at an accelerated rate, it may well be worth your while.

Also read: How To Ask For Credit Card Annual Fee Waivers


Best entry credit cards for fresh grads, first jobbers and those with lesser spending power

Credit card

Why get this card

UOB Absolute Cashback Card

1.7% unlimited cashback on all transactions

No minimum monthly spend


Annual fee waived for the first year

Standard Chartered Smart Card

6% cashback on fast food, coffee, digital subscriptions and public transport commutes

No minimum monthly spend


No annual fee

HSBC Revolution Credit Card

10x reward points on online shopping and contactless payments (or 4 miles per dollar (mpd))

No minimum monthly spend


No annual fee

Citi Rewards Card 

10x reward points on online transactions and in-store shopping (4 mpd)

No minimum monthly spend


Annual fee waived for the first year

DBS Live Fresh Card

6% cashback on online and in-store shopping spend and transport spend, with a minimum S$800 monthly spend. Cashback capped at S$70

0.3% unlimited cashback on all other eligible spend


Annual fee waived for the first year

UOB EVOL Card

8% cashback on online and mobile transactions with a minimum S$600 monthly spend. Cashback capped at S$60 per month


Annual fee waived with at least three transactions per month for 12 consecutive months


Earn bonus interest of up to 7.80% p.a. on the UOB One Account

OCBC FRANK Credit Card

8% cashback on local online purchases, contactless payments, and foreign currency transactions, plus an additional 2% cashback on selected green merchants, with minimum S$800 monthly spend.


Annual fee waived for the first two years

Citi PremierMiles Card

1.2 mpd and 2 mpd on local and foreign currency transactions, respectively

Miles never expire

Annual fee waived for the first year 


UOB Absolute Cashback Card

uob-absolute-cardface

The UOB Absolute Cashback Card makes our list for offering the simplest, no-fuss way to earn rewards on your credit card spending. 

All eligible transactions will earn 1.7% unlimited cashback, which is automatically offset from your bill at the end of each month. There are no restrictions on spending categories, so virtually any retail purchase you charge will earn you cashback. 

There is also no minimum spending required. Thus, this card is a great entry card for all scenarios, whether for seasonal spending or everyday expenses. 

This card has an annual fee of S$196.20, which is waived for the first year. Thereafter, you’ll need to spend at least S$1,000 per month to earn enough cashback to cover your annual fee – easy enough to do, considering you can earn cashback on expenses such as insurance premiums, rent and school fees!

UOB Absolute Cashback Card Welcome Offer: Get S$350 Cash Credit as one of the first 200 new-to-UOB credit cardmember and make a min. spend of S$1,000 per month for 2 consecutive months from card approval date. Valid till 30 April 2024. T&Cs apply.

Also, get up to 10% cashback (equivalent to S$100) on the first S$1,000 spend within 30 days from card approval date. Valid till 30 April 2024. T&Cs apply.

Back to top


Standard Chartered Smart Card

(NEW CC) standard-chartered_smart-card_new-design-1

The Standard Chartered Smart Card has two things going for it – perpetual waiver on your annual fee, and a decently high reward point earn rate, equivalent to 6% cashback.

You can earn cashback on common daily expenses, such as fast food, coffee and toast; digital subscriptions like Netflix and Spotify; and public transport charges such as bus or MRT fares. 

Furthermore, there is no minimum amount you need to spend each month, which means making an eligible transaction is the only requirement to earn cashback on your expenses.

SCB_Smart_BLOGARTICLE_800x250 (2)

SingSaver's Exclusive Offer: Enjoy the following rewards when you sign up for a Standard Chartered Smart Card. Eligible for new Standard Chartered cardholders only.

Receive an Apple iPad 9th Gen 10.2 Wifi 64GB (worth S$508.30) or Apple AirPods Pro 2nd Generation (worth $365.70) or Nintendo Switch Gen 2 (worth S$399) or up to S$300 cash upon activating and spending min. S$250 spend within 30 days of card approval. Also, get an additional S$20 e-Capitaland voucher when you make a min. spending of S$1,000 in your 2nd month. Valid till 1 May 2024.  T&Cs apply.

Plus, get an additional S$20 e-Capitaland Voucher when you split the payment for your purchases with SCB Easy Pay, pay your bills with SCB Easybill or put any of your purchases on instalment in SCB Savings Account or Current Account within 60 days of approval. Valid till 1 May 2024. T&C applies.


HSBC Revolution Credit Card

HSBC-Revolution-New

If you prefer earning rewards points on your credit card purchases, the HSBC Revolution Credit Card is worth a look. It provides 10x rewards points on all transactions categorised as online shopping or contactless payments – including Visa payWave, Apple Pay or Google Pay. 

This is equivalent to an earn rate of 4 miles per dollar (mpd), and yes, this means you can use this card to earn nearly 4X more air miles than dedicated air miles credit cards (which give around 1.2 to 1.4 mpd on local spending). 

Besides air miles, your rewards points can be traded in for a range of other perks, such as bill offsets and vouchers. 

And to seal the deal, HSBC will waive your annual fee for this credit card and there's no monthly minimum spending requirement too.

Read also: Best Credit Cards For Mobile Wallet Payments

SingSaver's Exclusive Offer: Enjoy the following rewards when you sign up for an HSBC Revolution Card:

Receive a Dyson AM07 (worth S$459) or Apple Airpods (3rd Gen) With Magsafe Charging Case (worth S$274) or S$250 eCapitaVoucher or 15K Heymax Miles (worth a free flight to Tokyo, Japan) upon activating and spending min. S$500 by the end of the following calendar month from the card account opening date. Valid till 14 May 2024. T&Cs apply.

Back to top


Citi Rewards Card

CITI_REWARDS_MASTER

The Citi Rewards Card is an online shopping-oriented credit card made for those who do a lot of online transactions.

This makes this the ideal card to shop at your favourite e-commerce stores or online orders, whether it's shopping, Grab/Gojek rides, online food delivery, or online grocery orders.

What’s excluded, however, are travel-related and in-store mobile wallet transactions. The good news is for the latter, you can circumvent this by pairing it with the Instarem amaze card (which is free), which converts all eligible offline transactions to online, ensuring that you can still reap the rewards points. 

On eligible transactions, this credit card gives you 10x rewards points, equivalent to 4 mpd, without any minimum monthly spending. 

You’ll also enjoy an annual fee waiver for the first year of card membership. 

CITI_LIGHTNING_BLOGARTICLE_KV1_800x250

⚡Flash Deal⚡: Be one of the first 500 applicants to get a PlayStation 5 Disc Version (worth S$799) or Dyson Airwrap (worth S$859) or S$500 ecapitaVoucher when you apply for a Citi Card and spend a minimum of S$500 within 30 days of card approval. Remaining applicants will enjoy existing rewards. Applicable to new-to-Citibank cardmembers only. Promo runs from 9 April, 9AM SGT - 2 May 2024. T&Cs apply.

Citi CC_BLOGARTICLE_800x250

SingSaver's Exclusive Offer: Receive the following rewards when you sign up for a Citi Rewards Card:

Get a Dyson Supersonic (worth S$699) or Apple iPad 9th Gen 10.2 Wifi 64GB (worth S$508.30) or Dyson V8 Slim Fluffy (worth S$509) or S$400 eCapitaVoucher or S$300 cash via PayNow upon activating and spending a minimum of S$500 within 30 days of card approval. Valid until 30 April 2024. T&Cs apply.


DBS Live Fresh Card

DBS-Live-Fresh-Student-Card-1

The DBS Live Fresh Card offers a maximum cashback of up to 6%.

How it works is you’ll get 6% cashback for eligible online and in-store shopping spend and transport spend, including SimplyGo. However, note that you'll need to spend at least S$800 each calendar month to earn the 6% cashback. Your total monthly cashback is capped at S$70 per calendar month; S$50 on shopping spend and S$20 on transport spend.

Fortunately, you can still earn 0.3% unlimited cashback on all other eligible spend, even if you do not meet the minimum spend requirements. No cashback cap is also set for all spend.

DBS/POSB Credit Card Welcome Gift: Receive up to S$388 cashback or 85,000 miles when you apply for select DBS credit cards and fulfil the relevant promotion criteria. T&Cs apply.

Back to top


UOB EVOL Card

uob-evol-1024x644

Made for digital natives, the UOB EVOL Card offers 8% cashback for online and contactless transactions, so you can be rewarded for everything from your public transport fares, to e-commerce purchases, to in-store shopping paid via mobile wallets. 

To enjoy the 8% cashback, you’ll need to spend at least S$600 per statement month on your card. Additionally, cashback is capped at S$20 per statement month for each of Online, Mobile Contactless and all Other Spend (0.3% cashback), or a maximum of S$60 for each statement, which is quite generous. 

That said, this limits the total amount of cashback you can earn each month, so this card may not be the best choice for excessively large purchases.  

One few points in its favour though: If you make at least three qualifying transactions each month for 12 consecutive months, you can have your annual fee waived for the year. 

Also, you can earn bonus interest of up to 7.8% p.a. (EIR 5% p.a.) on your UOB One Account balance when you spend at least S$500 on your UOB EVOL Card each month. 

UOB EVOL Card Welcome Offer: Get S$350 Cash Credit as one of the first 200 new-to-UOB credit cardmembers with a minimum spend of S$1,000 per month for 2 consecutive months from card approval date. Valid till 30 April 2024. T&Cs apply.


OCBC FRANK Credit Card

OCBC-FRANK-Platinum-U1200476-Front(RGB)-2

Next on our recommendations list is the OCBC FRANK Credit Card, which offers 8% cashback on local online transactions, contactless payments, and foreign currency transactions per calendar month. Meanwhile, all other spending earns you 0.3% cashback. 

You can also earn an additional 2% cashback on selected merchants and services with a green or ecological benefit – such as SimplyGo public transportation fares or zero-waste retailer Scoop Wholefoods. This means you can clock up to 10% cashback per calendar month. 

The catch is that the cashback is capped at S$25 per category (online, foreign currency transactions, mobile contactless, green merchants, and all other spends), and up to S$100 per calendar month.

Additionally, this card has a slightly higher quota of S$800 minimum spend per calendar month. Therefore, there’s a bit of juggling to do here (as there is with UOB EVOL Card and DBS Live Fresh), and you may want to maintain another credit card for large-ticket items. 

But in any case, you can use this card for free for the first two years, after which the annual fee will kick in.

Also read: How To Ask For Credit Card Annual Fee Waivers


Citi PremierMiles Card

CITI_PREMIERMILES_MASTER

Lastly, if you love to travel, look no further than the Citi PremierMiles Card. Not only do you get 1.2 mpd for local transactions, you'll also get 2 mpd for foreign currency spending. Your miles also never expire; so you can take time to accumulate your miles without rushing into redeeming them. 

That's not all; you can also earn up to 10 mpd on Kaligo bookings and 7 mpd on Agoda bookings! And you'll also get two free airport lounge access per calendar year via Priority Pass so this card will get you anywhere you want in style.

There's no monthly minimum spending requirement, and you get an annual fee waiver for the first year. 

Also read: Credit Card Combo: Why You Should Pair Citi PremierMiles Card & Citi Rewards Card

CITI_LIGHTNING_BLOGARTICLE_KV2_800x250

⚡Flash Deal⚡: Be one of the first 500 applicants to get a PlayStation 5 Disc Version (worth S$799) or Dyson Airwrap (worth S$859) or S$500 ecapitaVoucher when you apply for a Citi Card and spend a minimum of S$500 within 30 days of card approval. Remaining applicants will enjoy existing rewards. Applicable to new-to-Citibank cardmembers only. Promo runs from 9 April, 9AM SGT - 2 May 2024. T&Cs apply.

SS_Citi_PM_BLOGARTICLE

SingSaver's Exclusive Offer: Enjoy the following rewards when you sign up for a Citi PremierMiles Card:

Receive an Apple iPad 10th Gen Wifi 64GB (worth S$691.60) or Dyson Supersonic (worth S$699) or S$400 eCapitaVoucher or S$300 cash via PayNow upon activating and spending a minimum of S$500 within 30 days of card approval. Valid until 30 April 2024. T&Cs apply.

Back to top


Conclusion: The best credit card is one that fits your lifestyle

We’ll close the article by reminding you of one important principle when choosing the best credit card. Don’t just look at the rewards; rather, consider how well the credit card fits your spending habits. 

Earning credit card rewards should be (relatively) effortless, and if things going as smoothly as they should, don’t be afraid to try out another credit card with a different reward scheme – you just might be pleasantly surprised.

Read these next:

7 Smart Ways To Meet Your Credit Card Minimum Spend To Earn The Welcome Reward
10 Best Budgeting Apps To Save Your Way To Success
Credit Card Minimum Payments: Are They A Trap?


 

At SingSaver, we make personal finance accessible with easy to understand personal finance reads, tools and money hacks that simplify all of life’s financial decisions for you.

FINANCIAL TIP:

Use a personal loan to consolidate your outstanding debt at a lower interest rate!

Sign up for our newsletter for financial tips, tricks and exclusive information that can be personalised to your preferences!