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

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

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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.

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.

ProsCons
1.6% cashback on all eligible spending with no min. spend and no capCash rebates can be redeemed only in denominations of S$10, S$20 or S$50 via SMS
Cashback earned does not expire
Redeem cashback instantly via SMS or Citi Pay with Points
Up to 14% discount at Esso and Shell petrol stations
Enjoy deals and discounts with Citi World Privileges

SingSaver exclusive promotion: Get a Nintendo Switch (worth S$499) or an Ergotune Supreme (worth S$599) 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 30 September 2021. T&Cs apply. Pick your Citibank card here!


#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. 

ProsCons
1.5% cashback on all spend, no min. spend and no cashback capCannot be used for EZ-Reload
Enjoy offers and privileges for online, dining, retail and more with The Good Life®
Enjoy an accelerated cashback rate of up to 3% when you deposit funds in your Unlimited$aver account
2-year annual fee waiver


SingSaver’s Exclusive Promotion: Receive a LUMOS RAY Home Cinema Projector (worth S$298) or S$250 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, inclusive of min. 1 card-on-file transaction at select merchants. 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 20 September 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!


#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.

ProsCons
8% cashback on grocery shopping, both online and at major supermarkets (local & overseas)Min. monthly spend of S$800 required to earn bonus cashback
6% cashback on dining at restaurants, cafes, fast food eateries, and caterers S$80 combined cashback cap across all categories
8% cashback on petrol spending 
Up to 20.88% savings at Esso and Shell, inclusive of 8% cashback for petrol spending
0.25% cashback for all other spending, even if you do not meet the min. monthly spend
Enjoy deals and discounts with Citi World Privileges

SingSaver exclusive promotion: Get a Nintendo Switch (worth S$499) or an Ergotune Supreme (worth S$599) 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 30 September 2021. T&Cs apply. Pick your Citibank card here!


#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. 

ProsCons
10X rewards points (4mpd) on online spending except travel10X rewards are capped at 10,000 points per statement month i.e. S$1,000 spent
Online category includes online shopping, taxi/ride-hailing apps, food delivery, online groceries10X rewards excludes travel purchases online and non-fashion purchases offline
10X rewards points (4mpd) on offline fashion shopping and department stores
1X rewards point (0.4mpd) on all other spending
No min. spend required to earn rewards points
Enjoy deals and discounts with Citi World Privileges

SingSaver exclusive promotion: Get a Nintendo Switch (worth S$499) or an Ergotune Supreme (worth S$599) 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 30 September 2021. T&Cs apply. Pick your Citibank card here!


#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!

ProsCons
10X rewards points (4mpd) on online purchases Cap of 10,000 rewards points per calendar month on eligible purchases
10X rewards points (4mpd) on contactless paymentsQualifying transactions for 10X rewards points have additional exclusions
1X rewards point (0.4mpd) on all other spending
No min. spend required to earn rewards points
No annual fee for life
Free ENTERTAINER with HSBC access, with 1-for-1 dining, lifestyle and hotel deals

Welcome Gift: Score up to S$200 cashback when you apply via SingPass MyInfo and make a min. spend of S$500 from card approval date till the end of the following month. Existing HSBC customers will receive up to S$60 cashback. Valid till 31 October 2021. T&Cs apply.


#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. 

ProsCons
1.5% cashback on all eligible spend, with no min. spend required and no capBonus 3% cashback only applies to first S$5,000 spent
3% cashback on first S$5,000 spent within the first six months
Automatic cashback credited within the month
Exclusive American Express True Cashback Card Offers and True Love Weddings privileges
Free travel insurance benefits of up to S$350,000 when you purchase your travel ticket with this card

SingSaver’s Exclusive Offer: Get S$265 worth of Bitcoin when you make a min. spend of S$500 within 30 days of card approval. The first 2,000 applicants get an extra S$100 worth of Bitcoin. Valid till 10 Oct 2021. T&Cs apply.

Apply for AMEX True Cashback Card

#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.

ProsCons
10X rewards points for every S$1 spent in foreign currency on overseas retail, dining and travel transactionsAdditional rewards points (i.e. 9X and 4X rewards points) are capped at 20,000 points per year starting from card approval date
5X rewards points for every S$1 spent on dining transactionsPurchases from local hotel restaurants and supermarkets aren’t likely to be considered as qualifying dining transactions
1X rewards point for every S$1 spent on all eligible spend
No min. spend required, 2-year annual fee waiver
Complimentary travel insurance coverage of up to S$500,000 when you charge your full travel fare to the card


SingSaver’s Exclusive Promotion: Receive a LUMOS RAY Home Cinema Projector (worth S$298) or S$250 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, inclusive of min. 1 card-on-file transaction at select merchants. 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 20 September 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!


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