Most Popular Credit Cards In Singapore (2021) – Benefits And Drawbacks

Wondering which popular credit card to apply for? Here’s a round-up of the top seven most applied credit cards on SingSaver in 2021 to get you started.

Which are the most popular credit cards in Singapore? Depending on what you value and what you spend on each month, you can save thousands of dollars in cashback, rewards points or air miles each year simply by choosing the right credit card.

• Most popular credit cards in Singapore 
• What to consider when choosing credit cards
• How to compare credit cards easily

Based on our data, these are the top seven credit cards that people applied for on SingSaver in 2021:

#1 Citi Cash Back+ Mastercard: Unlimited 1.6% cashback on all eligible purchases

Citi Cash Back+ Mastercard is a popular one for good reason: it lets you earn a flat rate 1.6% cashback on all eligible purchases. There’s no minimum spend in order to start earning cashback and no cap on how much cashback you can earn. Plus, your cashback doesn’t expire. 

To redeem your cashback, simply choose to offset your bill with Citi Pay with Points via the Citi Mobile app or opt for cash rebate via SMS.

#2 Standard Chartered Unlimited Credit Card: Unlimited 1.5% cashback on all eligible purchases

The SCB Unlimited Card is a fuss-free cashback credit card to consider if you’re looking to earn unlimited 1.5% cashback on all eligible spending. There’s no minimum spend, no cashback cap and no need for you to track your spending categories. 

Also, you can expect to earn up to a total of 3% cashback when you deposit funds in your Unlimited$aver account. This applies to your expenses beyond the first few couple of months, unlike limited-time bonus cashback promotions that other cards offer. 

#3 Citi Cash Back Card: High cashback rates for dining, groceries, petrol

The Citi Cash Back Card offers one of the highest cashback rates for groceries, dining and petrol compared to other cards in the market. Coupled with a relatively low minimum monthly spend of S$800, it’s a well-rounded, multi-purpose card ideal for dining out, supermarket shopping or fuelling up if you own a car.

#4 Citi Rewards Card: 10X rewards on online and shopping purchases

The Citi Rewards Card is a trusty one to have if you’re someone who shops frequently at fashion and department stores. This rewards card is also a fantastic pick if you have the habit of turning to the internet for all your needs. 

Whether you shop online, buy groceries online, order meals or hop on rides on the regular, the Citi Rewards Card lets you earn 10X rewards points on up to the first S$1,000 spent in the statement month. 

#5 HSBC Revolution Credit Card: 10X rewards on online and contactless purchases

It’s not hard to see why the HSBC Revolution Credit Card is well-loved amongst credit card users. For a start, there’s absolutely no need to track your spending categories — you can earn 10X rewards points (4mpd) on all online and contactless purchases on the first S$1,000 spent in the calendar month. 

Plus, there’s no annual fee to deal with at all. To make things even sweeter, you get free ENTERTAINER with HSBC access with this card!

#6 American Express True Cashback: Unlimited 1.5% cashback on all eligible spend, including school fees and bills

True to its name, the American Express True Cashback is the OG when it comes to easy cashback. This credit card lets you earn 1.5% cashback on literally everything you spend on, including frequently excluded transactions like school fees, utility bills and more. This in itself is a standout feature of this card. 

Plus, it comes packed with extra perks along with the fact that you can earn 3% cashback on the first S$5,000 spent within the first six months of card approval. 

#7 Standard Chartered Rewards+ Credit Card: 10X rewards on foreign currency purchases

Do you find yourself spending in foreign currency all the time? If so, the Standard Chartered Rewards+ Credit Card could be the perfect addition to your wallet. This credit card lets you earn 10X rewards points on each S$1 spent in foreign currency on overseas retail, dining and travel transactions. You can also earn 5X rewards points on local dining transactions charged to this credit card.

What’s the best credit card for you? 

There isn’t a one-size-fits-all solution when it comes to determining the ‘best’ credit card. 

In order to narrow down the best credit cards that would likely work for you, your lifestyle and needs, consider these few factors: 

• Your spending behaviour (i.e. what you spend on, how much you tend to spend)
• Your preference for cashback, air miles or rewards points 
• Annual fees 
• Minimum spend requirement
• Overall rewards system structure (i.e. pick a card that rewards you on everything or the categories you spend the most on) 
• The extra perks that the cards offer

Compare credit cards the easy way on SingSaver 

Whether you’re on team cashback, air miles, or rewards points, you can always save time by comparing the various cards on SingSaver. Apply through us and receive exclusive welcome gifts on top of the bank’s own sign-up bonuses!

Read these next:
Top Credit Card Promotions And Deals On SingSaver
Credit Card Comparison: Amex True Cashback vs Citi Cash Back+ vs SCB Unlimited
Credit Card Comparison: Citi Rewards vs OCBC Titanium vs HSBC Revolution
Best Cashback Credit Cards In Singapore
Cashback vs Miles vs Rewards: Which Is The Best Type Of Credit Card For You