Best Cashback Credit Cards of May 2026
Updated: 18 May 2026
Credit Card | Product Name | 🔥 Hot Reward Pick | Card Benefits | Min. Annual Income | Monthly Spend Required | |
|---|---|---|---|---|---|---|
 | OCBC INFINITY Cashback Credit Card | 1.6 % | S$30,000 | None | ||
 | DBS yuu Visa Card | 0.5 - 18 % | S$30,000 | No Requirement | ||
 | Citi Cash Back+ Card | 1.6 % | S$30,000 | None | ||
 | HSBC Live+ Credit Card | 0.3 - 8 % | S$65,000 | S$600 - S$1000 | ||
 | OCBC 365 Credit Card | 0.25 - 6 % | S$30,000 | S$800 | ||
 | Citi Cash Back Card | 0.2 - 8 % | S$30,000 | S$800 | ||
 | Trust Cashback Credit Card | 1 - 15 % | S$30,000 | None | ||
 | CIMB World Mastercard | 1 - 2 % | S$30,000 | S$1,000 | ||
 | UOB EVOL Card | 0.3 - 10 % | S$30,000 | S$800 | ||
 | UOB One Card | 3.33 - 10 % | S$30,000 | Tiered S$600 + | ||
 | POSB Everyday Card | 0.3 - 10 % | S$30,000 | S$800 | ||
 | Standard Chartered Simply Cash Credit Card | 1.5 % | S$30,000 | None | ||
 | Maybank XL Cashback Card | - | 0.2 - 5 % | S$30,000 | - | |
 | DBS Live Fresh Card | 0.3 - 9.25 % | S$30,000 | S$800 | ||
 | American Express True Cashback Card | - | 1.5 - 3 % | Conditional | None | |
 | HSBC Advance Credit Card | S$400 Cash via PayNow | 1.5 - 2.5 % | S$65,000 | S$2,000 | |
 | Citi M1 Platinum Visa Card | 0.3 - 10 % | S$30,000 | None |
Don’t miss out on these great deals:
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Only on SingSaver: Apply for select Citi Credit Cards and upgrade your reward to a premium Dyson hair or home product worth up to S$799 — with a top-up starting from just S$50!
Apply by Jun 01, 2026 to claim your reward
Participating Products:
Citi PremierMiles Card
:
For Flexible Airmiles
Citi Cash Back+ Card
:
For Big Ticket Purchases
Citi Cash Back Card
:
For Families & Households
Citi Rewards Card
:
For Online & Retail Shopping
Citi SMRT Card
:
For SMRT Commuters
Citi M1 Platinum Visa Card
:
For M1 Regulars
How to Qualify?
- Apply for Citi Credit Cards through SingSaver by 1 June 2026
- Submit the SingSaver Reward Redemption form
- Activate your card and spend a minimum of S$500 within 30 days of card approval date to be eligible for reward
- Promotion is valid for new Citi credit cardmembers only
- Fastest Reward Fulfilment: Receive your reward in as little as 4 weeks!
- Promotion does not stack with other welcome offers from Citibank unless otherwise specified
- SingSaver Flash Deal: Be one of the first 2 eligible applicants at 2pm & 8pm daily to score a S$200 Cash + Dyson Digital Slim Fluffy bundle (total worth S$999)!
- Terms and Conditions apply
Apply by Jun 01, 2026 to claim your reward
- 1.6% unlimited cashback on all eligible spending with no min. spend and no cap
- Cashback automatically credited to cardholder's OCBC INFINITY Account
- 1 year annual fee waiver
- Read our review of the OCBC INFINITY Cashback Card.
- No rebate cap
- No monthly spend required
- Annual fee waiver
DBS yuu Visa Card
Promo Code:
SINGSAVER
- Up to 36X yuu Points (equivalent to 18% cashback) on yuu participating merchants.
- 1X yuu Point on all other spend.
- S$1 spend = 1 yuu Point. No limit. No cap.
- Supermarket rebate
- Dining rebate
- Transport rebate
- Customers need to download the new rewards app as yuu Points awarded can only be tracked on yuu Rewards app.
- Redemptions of yuu Points capped at 15,600 points (S$78) per calendar month.
- Rebate cap applied
- Monthly spend required
- 1.6% cashback on all eligible spending with no minimum spend and no cap.
- Cashback earned does not expire.
- Redeem cashback instantly via SMS. Terms and Conditions here.
- Up to S$1 million travel insurance coverage when you charge your travel tickets to this card. There will be a revision made to the Citi Credit Cards complimentary travel insurance. The Travel Insurance coverage in respect of a Trip charged to Citi Cash Back+ Card will be updated to end on 31 March 2026. For more information, please click here.
- With Citi PayAll you can earn Citi Miles, Citi ThankYou PointsSM or Cash Back when you pay your bills with your Citi Credit Card.
- Up to 17% discount at Caltex, Esso and Shell petrol stations.
- With Citi PayLite® Bundle Program, you can pay off your retail purchases in 3-month instalment payments at no processing fees. Terms and Conditions apply.
- No rebate cap
- No monthly spend required
- Annual Fee waiver
- High-value gift
- Borrow up to 90% of your available credit limit, enjoy interest rates as low as 2.6% p.a., and get flexible payment terms up to 60 months when you apply with promo code CIPSS. T&Cs apply.
- 8% cashback* on dining, entertainment, and shopping spend (both local and overseas).
- 5% cashback* on fuel spending at Caltex and Shell stations in Singapore.
- 0.3% cashback* on all other qualifying spend.
- First year annual fee waived.
- Dining rebate
- Entertainment rebate
- Petrol rebate
- Min. spending of S$600 per calendar month, for all 3 months in a calendar quarter, required to earn 8% cash rebate.
- Cashback* capped at S$250 per calendar quarter.
- Cash rebates* are credited quarterly instead of monthly.
- *Min. spend and other terms & conditions apply. Valid till 31 Dec 2024.
- High base minimum annual income requirement of S$65,000 (w.e.f. 1 October 2025) Learn more.
- Rebate cap applied
- 6% cashback on fuel spend at all other petrol stations.
- 5% cash rebate on dining spends all day, everyday (includes local/overseas dining and online food delivery).
- 3% cashback on drugstore purchases, streaming service subscriptions and EV charging expenses.
- 3% cashback on groceries at supermarkets (both local and overseas) and online groceries.
- 3% cashback on private hire (Grab/Gojek) and taxi rides (both local and overseas).
- 3% cashback on recurring telco and electricity bills.
- S$160 monthly cashback cap (up from S$80).
- Up to 22.92% fuel savings at Caltex (incl. 18% instant discount for all fuel) and 6% cashback on fuel spend at all other petrol stations.
- 2-year annual fee waiver.
- Earn up to 4.65% p.a. interest on first S$100,000 of OCBC 365 Account balance.
- Great for homemakers, working adults, cashback lovers, enjoy flexibility over min. spend (S$800 or S$1,600), drive frequently
- Read our full review of the OCBC 365 Credit Card .
- Petrol rebate
- Dining rebate
- High min. spend of either S$800 or S$1,600 per calendar month
- Min. annual spend of S$10,000 from date of issue to qualify for automatic annual fee waiver.
- S$80 monthly cashback cap with minium spend of $800.
- S$160 monthly cashback cap with mininum spend of $1,600.
- Operates on a whitelist basis. Only selected MCCs shown in the T&Cs qualify for bonus cashback.
- Interest on outstanding balance increased from 26.88% p.a. to 27.78% p.a.
- Monthly spend required
Citi Cash Back Card
- 6% cashback on dining and grocery spending (local & overseas).
- 8% cashback on petrol and private commute (local & overseas).
- Up to 23.64% savings at Caltex, Esso and Shell, inclusive of 8% cashback for petrol spending.
- With Citi PayAll you can earn Citi Miles, Citi ThankYou PointsSM or Cash Back when you pay your bills with your Citi Credit Card.
- Up to S$1 million travel insurance coverage when you charge your travel tickets to this card. There will be a revision made to the Citi Credit Cards complimentary travel insurance. The Travel Insurance coverage in respect of a Trip charged to Citi Cash Back Card will be updated to end on 31 March 2026. For more information, please click here.
- 0.20% cashback for all other spending, even if you do not meet the min. monthly spend.
- Dining rebate
- Supermarket rebate
- High-value gift
- Min. monthly spend of S$800 required to earn bonus cashback.
- S$80 combined cashback cap across all categories.
- Rebate cap applied
- Earn up to 15%^ cashback on your preferred category
- From 1 Mar 2026, get up to 1% unlimited instant cashback on all eligible spend (including preferred category). See Trust Cashback Key Facts Sheet for more details.
- Enjoy 0% foreign transaction fees
- Get up to extra 20% off exclusive partner deals
- Real-time cashback tracking in your Trust App
CIMB World Mastercard
- Unlimited 2% cashback on dining, movies & digital entertainment, taxi, ride-hailing, automobile, and luxury goods.
- Unlimited 1% on all other eligible spend with no minimum spend.
- Enjoy 50% off green fees at 25 golf courses.
- Access to over 1,000 LoungeKey airport lounges globally.
- Can be used for bus and train rides with SimplyGo.
- No annual fees for life + up to 4 supplementary cards with no annual fees.
- No rebate cap
- Food delivery
- Annual Fee waiver
- Only Singapore citizens and Permanent Residents may apply.
- Minimum annual income requirement: S$30,000.
- Minimum spend of S$1,000 required for 2% cashback earn rate.
- Minimum spend of S$500 required for 1% cashback earn rate.
- Monthly spend required
UOB EVOL Card
- Enjoy no FX fees on overseas foreign currency spend worldwide with no min. spend, no cap.
- Enjoy 10% cashback on Local Online and Mobile Contactless (Apple Pay, Samsung Pay, google Pay) Spend
- 10% on Selected Gym, Telco and Streaming Spend
- Get up to 1% cashback on all Overseas FX Spend (no min. spend and no cap) till 31 Dec 2026.
- All other spends earn 0.3% cashback.
- Gain access to over 1,000 deals at eco-friendly, dining, and online shopping merchants.
- Receive a first-year annual fee waiver. Annual fee for subsequent years waived with min. 3 transactions every month.
- Get greater savings with up to 3.4% p.a. interest with UOB One Account+.
- Online shopping rebate
- Mobile contactless rebate
- No FX fees
- Overseas in-store FX spend rebate
- Minimum spend of S$800 each statement month to enjoy accelerated cashback earn rate.
- S$80 total cashback cap per statement month (S$30 cap for local online and mobile spend; S$20 cap for selected gym, telco and streaming spend; and S$30 cap for all other spend.
- Monthly spend required
- Up to 10% cashback on daily spend at McDonald's, Grab, SimplyGo (bus/train rides) and Shopee.
- Up to 8% cashback on all grocery spend.
- Up to 4.33% on SP utilities bill.
- Up to 3.33% cashback on all retail spend.
- Petrol savings of up to 22.66% at Shell and SPC.
- Greater savings with up to 5.3% p.a. interest with UOB One Account+.
- Supermarket rebate
- Grab/taxi rebate
- Spend at least $600 monthly based on your qualifying quarter to enjoy up to 10% cashback.
- Awarding of cash rebate only comes every quarter.
- Qualifying monthly spend for cash rebate has to be spread out across min. 10 different purchases.
- Terms and conditions apply for all above-mentioned privileges. Visit here for more details. Insured up to S$100,000 by SDIC.
- Monthly spend required
- Rebate cap applied
- Up to 10% cash rebates on food delivery via foodpanda, GrabFood and Deliveroo.
- Up to 10% cash rebates on in-store spend in Malaysian Ringgit (MYR).
- Up to 10% cash rebates on SimplyGo.
- Up to 5% cash rebates on Amazon.sg, Lazada, Shopee, RedMart, Taobao and TikTok Shop.
- Up to 5% cash rebates at Popular bookstores (in-person and online)
- 5% cash rebates at Sheng Siong supermarkets.
- 6% cash rebates at SPC.
- 3% cash rebates at Pet Lovers Centre.
- 0.3% cash rebates on all other eligible spend.
- Cash rebates (in Daily$) never expire.
- Read our full review of the POSB Everyday Card.
- Food delivery
- Online shopping rebate
- Min. spend of S$800 per calendar month required for accelerated cash rebate earn rate.
- S$20 monthly cash rebate cap for dining, Sheng Shiong, Popular, online shopping, SimplyGo, and MYR categories respectively.
- Rebate cap applied
- Monthly spend required
- 1.5% unlimited cashback rate with no min. spend.
- Enjoy offers and privileges for online, dining, retail and more with The Good Life®.
- SC Shop and Earn - Enjoy up to 23% Cashback when you shop at your favourite brands – Decathlon, Nike, Zalora and many more. Unlock one of the highest Cashback as a Priority client. Log on to SC Shop and Earn via SC Mobile to start shopping.
- First year annual fee waiver.
- 1.5% unlimited cashback
- No rebate cap
- No monthly spend required
- First year annual Fee waiver
- Cannot be used for EZ-Reload.
- 5% cashback* whenever you spend in the Dine, Shop, Travel and Play categories, as well as in Foreign currencies.
- Up to S$80 bonus cashback monthly (Other transactions will earn unlimited cashback at 0.2% cashback.)
- Credit Cards with one of the widest number of spending categories in the market:
- Dine: Restaurants, fast food, bakeries, food delivery, etc.
- Shop: Apparel, departmental stores, sports apparel, online shopping, etc.
- Travel: Airlines, online travel agencies, hotel booking, etc.
- Play: Bars, KTV, cinemas, online streaming, video game arcade, etc.
- +all foreign currency spend (overseas & online)
- Annual Fee waiver
- No monthly spend required
- No rebate cap
- Overseas rebate
- Extremely limited age range (21 to 39 years old only).
- 5% bonus cashback rate requires S$500 min. spend per calendar month.
DBS Live Fresh Card
Promo Code:
SINGSAVER
- Get up to 6% cashback on Shopping and Transport spend
- Get unlimited 0.3% cashback on all spend
- Earn an extra 3.25% cashback on In-store Overseas Spend at your favourite destinations in Asia from Japan, Malaysia, Thailand and more
- Enjoy first-year annual fee waiver
- Enjoy more fresh deals and exclusive perks
- Spending on the card and crediting your salary can earn you 0.05% p.a. or more on your DBS Multiplier account
- Online Rebate
- Shopping
- Public transportation
- Min. monthly spending of S$800 required to earn up to 6% cashback on Shopping and Transport spend
- Cashback on Shopping spend capped at S$50 per calendar month
- Cashback on Transport spend capped at S$20 per calendar month
- Rebate cap applied
- Monthly spend required
American Express True Cashback Card
- 1.5% unlimited cash rebate on all spend with no minimum spend.
- 3% Cashback up to a spending of $5,000 for first 6 months.
- Complimentary travel insurance.
- Cashback credited on the same statement month.
- No rebate cap
- No monthly spend required
- Travel insurance
- Annual fee waiver
- Please refer to the American Express website (go.amex/singsaver) for the most up to date information on card benefits and its terms & conditions.
- Borrow up to 90% of your available credit limit, enjoy interest rates as low as 2.6% p.a., and get flexible payment terms up to 60 months when you apply with promo code CIPSS. T&Cs apply.
- Earn up to 2.5% Base Cashback (1.5% with no minimum spend OR 2.5% when you spend above S$2,000) on your local and overseas purchases each calendar month.
- Receive complimentary access to ENTERTAINER with HSBC app, with over 1,000 1-for-1 deals on dining, lifestyle and travel worldwide.
- Read our full review of the HSBC Advance Credit Card.
- No monthly spend required
- Travel insurance
- Annual Fee waiver
- Cashback is capped at S$70 per calendar month.
- High base minimum annual income requirement of S$65,000 (w.e.f. 1 October 2025) Learn more.
- Rebate cap applied
- Earn up to 4.7% Citi M1 rebate on eligible Entertainment spend and 2.7% Citi M1 rebate on M1 Telco Bill spending.
- Enjoy up to 2.7% Citi M1 Rebate on purchases at M1 stores.
- Citi M1 rebate does not expire.
- Retail rebate
- No expiry air miles
- 0.3% cash rebate on eligible retail purchases.
- Monthly spend required
- Rebate cap applied
Best for popular 8-10% bonus categories: Maybank Family & Friends Card
Maybank Family & Friends Card
- Earn up to 8% cashback for 5 Preferred Categories across 10 options.
- Get up to 8% cashback on Malaysian Ringgit (MYR) and Indonesian Rupiah (IDR) spend.
- Earn up to S$180 cashback every month.
- Preferred Categories can be changed trimonthly or every 3 months.
- 3-year annual fee waiver.
- No annual fee for supplementary card.
- Local spending rebate
- Annual Fee waiver
- Monthly cashback at 0.22% for spends below S$800.
- Rebate cap applied
- Monthly spend required
Citi Cash Back+ Card
Rewards breakdown
-
1.6% cashback on eligible spend all year round.
Card details
-
Enjoy uncapped cashback with no minimum spend.
-
Redeem cashback instantly via SMS.
-
Earn 0.4% bonus cashback if you are a Citi Plus customer with a Citi Interest Booster Account.
-
Travel insurance included.
Repayment Details
-
Minimum Payment: 1 %
-
Late Payment Charge: S$100
-
Interest on Purchase: 27.9 %
-
Interest on Cash Advance: 27.9 %
-
Interest Free Period: 25 days
Fees
-
Annual Fee: S$196.20
-
Foreign Currency Transaction Fee: 3.25 %
-
Cash Advance Service Charge: S$15
Eligibility
-
Monthly Spend Required: None
-
Min. Annual Income: S$30,000
-
Minimum Age: 21 years old
SingSaver’s take
For those who prefer straightforward rewards, the Citi Cash Back+ Card delivers an effortless, unlimited cashback experience. Enjoy a flat 1.6% cashback on every spend, with no minimum requirement and no earning cap, making it ideal for high-volume transactions.
Pros
Straightforward uncapped cashback structure with no spend categories to track.
Instant redemption makes it easy to use cashback anytime.
Cons
The 1.6% cashback rate is lower compared to other cards offering higher base or bonus rates.
An annual fee applies after the first year, unless waived.
HSBC Live+ Credit Card
Rewards breakdown
-
8% cashback on dining, shopping, and entertainment.
-
5% cashback on petrol.
-
0.3% cashback on all other eligible purchases.
Card details
-
15% discount at over 200 restaurants across Asia (Live+ Dining Programme).
-
Discounts on movie tickets at Golden Village.
-
Savings on streaming subscriptions (Disney+, Netflix, Spotify).
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Up to 17% fuel savings and 5% cashback at Caltex and Shell.
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ENTERTAINER with HSBC 1-for-1 dining offers.
-
Complimentary online purchase protection.
-
Visa Signature privileges.
Repayment Details
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Minimum Payment: S$50 or 3% of the Total Balance
-
Late Payment Charge: S$100
-
Interest on Cash Advance: 28.92 %
-
Interest Free Period: 23 days
-
Interest on Purchase: 27.78 %
Fees
-
Annual Fee: S$196.20
-
Foreign Currency Transaction Fee: 2.25 %
-
Cash Advance Service Charge: S$15
Eligibility
-
Monthly Spend Required: S$800
-
Minimum Annual Income: S$30,000
-
Minimum Age: 21 years old
SingSaver’s take
The HSBC Live+ Credit Card is tailored for lifestyle-focused individuals, offering generous cashback on dining, shopping, and entertainment. Its strong focus on these categories, along with fuel savings and dining discounts, makes it attractive for those who enjoy experiences. The card's perks are well-suited for urban living.
Pros
Excellent cashback rates for dining, entertainment, and shopping.
Added perks and savings for fuel and selected lifestyle experiences.
Cons
Cashback outside the bonus categories is limited, with a low 0.3% base rate on other purchases.
OCBC 365 Credit Card
Rewards breakdown
-
6% cashback on petrol.
-
5% cashback on dining and food delivery.
-
3% cashback on groceries, land transport, Watsons, streaming, EV charging, and utilities.
Card details
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Cashback capped at S$160 per month.
-
0.25% cashback if monthly spend is below S$800.
-
Fuel discounts at Caltex, Esso, and Sinopec.
Repayment Details
-
Minimum Payment: S$50 or 3% of the Total Balance
-
Late Payment Charge: S$100
-
Interest on Cash Advance: 28.92 %
-
Interest Free Period: 23 days
-
Interest on Purchase: 27.78 %
Fees
-
Annual Fee: S$196.20
-
Foreign Currency Transaction Fee: 2.25 %
-
Cash Advance Service Charge: S$15
Eligibility
-
Monthly Spend Required: S$800
-
Minimum Annual Income: S$30,000
-
Minimum Age: 21 years old
SingSaver’s take
The OCBC 365 Credit Card is designed for everyday spending, offering strong cashback rates on essential categories like petrol, dining, and groceries. Its high cashback cap and wide range of eligible categories make it a valuable card for managing daily expenses. However, the minimum spend requirement for enhanced cashback should be considered.
Pros
High cashback rates on essential spending categories.
Generous cashback cap, allowing more rewards each month.
Additional fuel discounts, making it beneficial for drivers.
Cons
Requires a minimum monthly spend of S$800 to unlock the enhanced cashback rates.
HSBC Advance Credit Card
Rewards breakdown
Up to 2.5% cashback (1.5% with no minimum spend OR 2.5% when you spend above S$2,000) on your local and overseas purchases each calendar month.
Card details
-
Earn 1.5% cashback on all purchases with no minimum spend.
-
Increase cashback to 2.5% on all local and overseas purchases when spending exceeds S$2,000.
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Gain complimentary access to the ENTERTAINER with HSBC app, featuring over 1,000 1-for-1 deals on dining, lifestyle, and travel worldwide.
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Cashback is capped at S$70 per calendar month.
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Travel insurance included.
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First-year annual fee waiver.
Repayment Details
-
Minimum Payment: 3 %
-
Late Payment Charge: S$100
-
Interest on Purchase: 26.9 %
-
Interest on Cash Advance: 28 %
-
Interest Free Period: 20 days
Fees
-
Annual Fee: S$196.20
-
Foreign Currency Transaction Fee: 3.25 %
-
Air Miles Conversion Fee: S$40
-
Cash Advance Service Charge: S$15
Eligibility
-
Monthly Spend Required: S$2,000
-
Minimum Annual Income: S$65,000
-
Minimum Age: 21 years old
SingSaver’s take
Designed for those with a discerning lifestyle, the HSBC Advance Credit Card offers a streamlined approach to maximising rewards. By enrolling in the HSBC Everyday+ Rewards Programme, cardholders can earn up to 3.5% cashback.
Even without the program, a generous 2.5% cashback is awarded for monthly spending exceeding S$2,000, significantly above the standard 1.5% on all local and international transactions. Additionally, enjoy complimentary access to the ENTERTAINER app for a wealth of 1-for-1 deals, and a waived annual fee in the first year.
Pros
Tiered cashback system rewards higher monthly spending with better rates.
Complimentary ENTERTAINER access with dining, travel and lifestyle offers.
Lower base cashback rate applies with no minimum spend, making it easy to earn rewards even in low-spend months.
Cons
Cashback is capped at S$70 per calendar month, which may limit returns for high spenders.
Annual fee applies after the first year, unless waived.
American Express True Cashback Card
Rewards breakdown
-
3% cashback up to spending of S$5,000 for the first 6 months.
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1.5% unlimited cashback on all subsequent purchases with no minimum spend.
Card details
-
Enjoy unlimited and immediate cashback, with no minimum spend and no cap.
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Receive cashback credited in the same statement month.
-
Complimentary travel insurance.
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First-year annual fee waiver.
Repayment Details
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Minimum Payment: S$50
-
Late Payment Charge: S$100
-
Interest on Purchase: 27.80 %
-
Interest on Cash Advance: 26.9 %
-
Interest Free Period: 22 days
Fees
-
Annual Fee: S$174.40
-
Foreign Currency Transaction Fee: 3.25 %
Eligibility
-
Monthly Spend Required: None
-
Minimum Annual Income: Conditional
-
Minimum Age: 21 years old
SingSaver’s take
Perfect for substantial expenditures, the American Express True Cashback Card, operating as a charge card, provides a substantial 3% cashback on all qualifying purchases, capped at S$5,000 within the initial six months.
Pros
Offers a strong introductory cashback rate for the first six months.
Easy, uncapped cashback system with no complicated categories.
Cashback is automatically credited to your statement each month.
Cons
The 3% promotional cashback applies only for the first six months and is capped at S$5,000 spend.
An annual fee applies after the first year, unless waived.
UOB One Card
Rewards breakdown
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10% cashback on daily essentials.
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4.33% cashback on Singapore Power utilities bill.
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3.33% cashback on all retail spend.
Card details
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Petrol savings of up to 24% at Shell and SPC.
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Greater savings with up to 6.0% p.a. interest with UOB One Account+.
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Min. spend of S$600 / S$1,000 / S$2,000 per month (min. 5 purchases) for 3 consecutive months to earn additional cashback.
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Awarding of cash rebates only comes every quarter.
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Qualifying monthly spend for cash rebate has to be spread out across min. 5 different purchases.
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First-year annual fee waiver.
Repayment Details
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Minimum Payment: 3% of outstanding balance or S$50 (whichever is higher)
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Late Payment Charge: S$100
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Interest on Purchase: 27.8%
-
Interest on Cash Advance: 28%
-
Interest Free Period: 21 days
Fees
-
Annual Fee: S$ 196.20
-
Foreign Currency Transaction Fee: 3.25%
-
Cash Advance Service Charge: S$15
Eligibility
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Monthly Spend Required: S$ 600
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Minimum Annual Income: S$30,000
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Minimum Age: 21 years old
SingSaver’s take
Offering a potentially market-leading 10% cashback on everyday purchases, the UOB One Card presents a compelling opportunity for significant savings. Its tiered cashback structure rewards you generously for spending at popular outlets like Grab, DFI Retail Group, and McDonald's, alongside a solid 3.33% on other qualifying transactions.
Pros
Generous cashback rates across a wide range of everyday spending categories.
Additional petrol savings at Shell and SPC.
When paired with the UOB One Account, you can earn additional interest on your savings.
Cons
To unlock the highest cashback tier, you must spend S$2,000 per month and make at least five transactions.
A lower S$500 minimum spend tier exists, but it offers reduced cashback.
Cashback is credited quarterly, which may feel less immediate for some users.
Citi Cash Back Card
Rewards breakdown
-
8% cashback on private commute and petrol spend worldwide.
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6% cashback on dining and groceries spend worldwide.'
Card details
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Up to 23.64% fuel savings at Caltex, Esso, and Shell (inclusive of 8% cashback).
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Citi World Privileges: Deals and discounts locally.
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Citi PayLite: Turn big purchases into small payments.
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Citi FlexiBill: Convert credit card statement balance into instalments.
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Citi Quick Cash: Instant cash access.
Repayment Details
-
Minimum Payment: 1 %
-
Late Payment Charge: S$100
-
Interest on Purchase: 27.9 %
-
Interest on Cash Advance: 27.9 %
-
Interest Free Period: 25 days
Fees
-
Annual Fee: S$196.20
-
Foreign Currency Transaction Fee: 3.25 %
-
Cash Advance Service Charge: S$15
Eligibility
-
Monthly Spend Required: S$800
-
Minimum Annual Income: S$30,000
-
Minimum Age: 21 years old
SingSaver’s take
The Citi Cash Back Card is a strong contender for those seeking high cashback across a wide range of daily spending categories. Its generous rebates on petrol, private commutes, dining, and groceries, coupled with fuel savings and flexible payment options, make it a versatile choice. However, to maximise the cashback, a minimum monthly spend of S$800 is required.
Pros
Strong cashback on everyday expenses across multiple categories.
Notable fuel savings add extra value for drivers.
Offers flexible payment plans, making it useful for managing larger purchases.
Delivers solid overall value for day-to-day spending.
Cons
Requires a substantial monthly spend to unlock full benefits.
Overall cashback is capped, which may not suit high-volume spenders.
HSBC Revolution Credit Card
Rewards breakdown
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10X Rewards points (2.5% cashback or 4 miles equivalent) on online spending.
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1X Rewards point on all other spending.
Card details
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No minimum spend required for 10X points.
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Redeem rewards for gifts, lifestyle experiences, or statement credits.
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Option to split purchases into monthly instalments.
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Earn points on supplementary cards (up to 5, no fee).
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Rewards on fitness and wellness online purchases.
Repayment
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Minimum Payment: 3 %
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Late Payment Charge: S$ 100
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Interest on Purchase: 26.9 %
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Interest on Cash Advance: 28 %
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Interest Free Period: 20 Days
Fees
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Annual Fee: No Annual Fee
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Foreign Currency Transaction Fee: 3.25 %
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Air Miles Conversion Fee: S$ 40
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Cash Advance Service Charge: S$ 15
Eligibility
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Monthly Spend Required: No minimum spend
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Minimum Annual Income: S$ 65,000
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Minimum Age: 21 years old
SingSaver’s take
The HSBC Revolution Credit Card is an excellent choice for those who frequently shop online and seek flexibility. Its no-annual-fee structure and generous rewards on online spending, coupled with the absence of a minimum spend requirement, make it accessible to a wide range of users. The ability to redeem points for various rewards and split purchases into instalments adds to its appeal.
Pros
No annual fee, making it cost-effective for long-term use.
High rewards on online spending, ideal for digital-first shoppers.
No minimum spend requirement, great for budget-conscious users.
Cons
Rewards on non-online spending are relatively low, reducing its value for in-store shoppers.
Less appealing for those who prefer physical retail or non-digital transactions.
CIMB Visa Signature Card
Rewards breakdown
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10% cashback on online shopping, groceries, beauty & wellness, pet shops, and cruises.
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0.2% unlimited cashback on all other retail purchases.
Card details
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Travel insurance coverage up to S$500,000.
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Visa Signature exclusive deals and discounts.
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No annual fee.
Repayment Details
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Minimum Payment: 3 %
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Late Payment Charge: S$100
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Interest on Purchase: 27.8 %
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Interest on Cash Advance: 28 %
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Interest Free Period: 23 days
Fees
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Annual Fee: No Annual Fee
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Foreign Currency Transaction Fee: 3 %
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Cash Advance Service Charge: S$15
Eligibility
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Monthly Spend Required: S$800
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Minimum Annual Income: S$30,000
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Minimum Age: 21 years old
SingSaver’s take
The CIMB Visa Signature Card stands out for its generous 10% cashback across a diverse range of categories, making it ideal for those who frequently shop online and enjoy lifestyle spending. The card’s no-annual-fee structure and travel insurance coverage also add to its appeal. However, the requirement of a minimum monthly spend to unlock the higher cashback tier should be considered.
Pros
High cashback rates on online shopping and lifestyle categories.
No annual fee, offering long-term affordability.
Comes with travel insurance, adding extra value for frequent travellers.
Cons
Requires a minimum monthly spend of S$800 to earn the 10% cashback.
Base cashback of 0.2% on other purchases is relatively low.
Citi SMRT Card
Rewards breakdown
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5% savings at supermarkets & grocery stores.
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5% savings on online purchases.
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5% savings on taxi & public transport rides (including SimplyGo).
Card details
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Citi World Privileges: Deals and discounts.
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Citi PayLite: Turn big purchases into small payments.
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Citi FlexiBill: Convert credit card statement balance into instalments.
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Citi Quick Cash: Instant cash access.
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SimplyGo integration for seamless public transport payments.
Repayment Details
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Minimum Payment: S$50 or 1% of outstanding balance (whichever is higher)
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Late Payment Charge: Conditional
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Interest on Purchase: 28%
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Interest on Cash Advance: 28%
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Interest Free Period: Up to 25 days
Fees
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Annual Fee: S$196.20
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Foreign Currency Transaction Fee: 3.25%
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Cash Advance Service Charge: 6% of amount withdrawn or S$15 (whichever is higher)
Eligibility
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Monthly Spend Required: S$500
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Minimum Annual Income: S$30,000
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Minimum Age: 21 years old
SingSaver’s take
The Citi SMRT Card is tailored for commuters and everyday shoppers, offering consistent savings on essential categories like groceries, online purchases, and transport. Its integration with SimplyGo and flexible payment options make it a convenient choice for daily use, particularly for those who prioritise public transport and online shopping.
Pros
Consistent savings on daily essentials and commuting.
Seamless SimplyGo integration for effortless public transport use.
Offers flexible payment options, useful for budgeting and larger purchases.
Cons
Savings are limited to specific categories only.
No rewards offered outside these selected spending categories.
DBS yuu Visa Card
Rewards breakdown
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Up to 18% cashback or 10 miles per S$1 at participating yuu merchants (Cold Storage, Giant, foodpanda, Gojek, etc.) with S$600 monthly spend.
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5% cashback or 2.8 miles per S$1 with no minimum spend.
Card details
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S$2 off eggs and rice monthly at Cold Storage and Giant.
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Flexibility to redeem rewards as cash rebates or miles via the yuu app.
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Rewards are available in a wide range of everyday spending categories.
Repayment Details
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Minimum Payment: 3 %
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Late Payment Charge: $100
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Interest on Purchase: 27.8 %
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Interest on Cash Advance: 28.5 %
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Interest Free Period: 25 days
Fees
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Annual Fee: S$196.20
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Foreign Currency Transaction Fee: 3.25 %
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Cash Advance Service Charge: S$15
Eligibility
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Monthly Spend Required: No Requirement
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Min. Annual Income: S$30,000
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Minimum Age: 21 years old
SingSaver’s take
The DBS yuu Card offers a unique proposition with its dual rewards system, allowing users to choose between cashback and miles. Its high reward rates at partner merchants, particularly for those who meet the monthly spend requirement, make it attractive for everyday spending. The flexibility to switch between cash rebates and miles adds a layer of customisation.
Pros
High reward rates at partner merchants, offering strong value for regular shoppers.
Flexible choice between earning cashback or miles, depending on your preference.
Rewards apply to a wide range of everyday spending categories, making it versatile.
Cons
To unlock maximum rewards, you must meet a significant monthly spend requirement.
The base reward rate is relatively low if you don’t hit the required spend threshold.
Maybank Family & Friends Card
Rewards breakdown
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8% cashback on five chosen categories from a list including dining, groceries, online shopping, transport, and more.
Card details
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Customisable card design.
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Diamond Sky Fuel Card savings at Caltex.
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Dining and shopping deals.
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Regional TREATS privileges.
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GRAB ride-hail and food delivery deals.
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Maybank Family Plus savings account benefits.
Repayment Details
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Minimum Payment: 3%
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Late Payment Charge: S$100
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Interest on Purchase: 26.9%
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Interest on Cash Advance: 26.9%
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Interest Free Period: 20 days
Fees
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Annual Fee: S$196.20
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Foreign Currency Transaction Fee: 3.25%
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Cash Advance Service Charge: S$15
Eligibility
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Monthly Spend Required: S$800
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Minimum Annual Income: S$30,000
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Minimum Age: 21 years old
SingSaver’s take
The Maybank Family & Friends Card offers a unique level of personalisation, allowing users to select their preferred cashback categories. Its high cashback rate and wide range of eligible categories make it a versatile choice for various lifestyles. The added perks, such as fuel savings and regional privileges, enhance its value.
Pros
High cashback rate with customisable spending categories.
Added fuel savings for frequent drivers.
Includes regional privileges, useful for travellers or cross-border spending.
Caters well to diverse spending habits.
Cons
Requires a minimum monthly spend of S$800 to qualify for the highest cashback rates.
UOB Absolute Cashback Card
Rewards breakdown
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1.7% cashback on all purchases with no exclusions.
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0.3% cashback on transactions typically excluded by other cards.
Card details
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No minimum spend required.
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Cashback on a wide range of purchases, including travel, luxury, insurance, and utilities.
Repayment Details
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Minimum Payment: 3%
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Late Payment Charge: S$100
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Interest on Purchase: 27.8%
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Interest on Cash Advance: 28.5%
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Interest Free Period: Up to 21 days
Fees
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Annual Fee: S$ 196.20
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Foreign Currency Transaction Fee: 3.25%
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Cash Advance Service Charge: 6% of amount withdrawn or S$15 (whichever is higher)
Eligibility
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Monthly Spend Required: No minimum spend
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Minimum Annual Income: S$30,000
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Minimum Age: 21 years old
SingSaver’s take
The UOB Absolute Cashback Card stands out for its simplicity and universality, offering a flat cashback rate on all purchases without any exclusions or minimum spend requirements. This makes it a straightforward choice for those seeking hassle-free cashback on everything from daily essentials to big-ticket items.
Pros
High flat cashback rate on all purchases.
No minimum spend required to earn rewards.
No category exclusions, offering unmatched simplicity and versatility.
Cons
Cashback on typically excluded transactions is only 0.3%, which is low compared to the standard 1.7% rate.
POSB Everyday Card
Rewards breakdown
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10% cashback on online food delivery, 5% on online shopping (with S$800 min. spend).
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5% cashback at Sheng Siong (no min. spend).
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Up to 3% cashback on utilities (no min. spend).
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6% cashback at SPC, 3% at Pet Lovers Centre.
Card details
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Family attraction discounts at Mandai Wildlife Reserve and Kiztopia.
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Daily$ rewards system (1 Daily$ = S$1 cashback).
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Cashback on dining, online shopping, telco, groceries, utilities, fuel, and pet supplies.
Repayment Details
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Minimum Payment: 3 %
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Late Payment Charge: S$100
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Interest on Purchase: 27.8 %
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Interest on Cash Advance: 28.5 %
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Interest Free Period: 25 days
Fees
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Annual Fee: S$196.20
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Foreign Currency Transaction Fee: 3.25 %
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Cash Advance Service Charge: 8 %
Eligibility
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Monthly Spend Required: S$800
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Minimum Annual Income: S$30,000
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Minimum Age: 21 years old
SingSaver’s take
The POSB Everyday Card is designed for families and everyday spenders, offering a wide range of cashback categories, including groceries, dining, online shopping, and utilities. Its Daily$ rewards system and family-friendly perks make it a versatile choice for managing household expenses.
Pros
Covers a wide range of cashback categories for everyday spending.
Strong rewards on essential spending, ideal for households.
Includes family-oriented perks, adding extra value for parents and caregivers.
Cons
Higher cashback rates require a minimum monthly spend of S$800.
Cashback caps may limit rewards for high spenders in certain categories.
Best cashback cards by spending category
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Category of Shopper |
Best Cashback Cards |
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Dining |
Citi Cash Back Card & OCBC 365 Credit Card |
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Online Shopping |
DBS Live Fresh Card, UOB EVOL Card & OCBC Rewards Credit Card |
|
Travel |
Citi Cash Back+ Card, CIMB World Mastercard & Standard Chartered Simply Cash Credit Card |
|
Groceries |
Citi Cash Back Card, OCBC 365 Credit Card & POSB Everyday Card |
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Fuel |
OCBC 365 Credit Card & HSBC Advance Credit Card |
|
Public Transport |
DBS Live Fresh Card, Citi M1 Platinum Visa Card & POSB Everyday Card |
Dining
Citi Cash Back Card
Our pick for: Frequent diners and food delivery users
The Citi Cash Back Card offers one of the highest cashback rates on dining and food delivery, provided you meet the minimum spend. It is ideal for people who dine out regularly or rely on delivery platforms. Cashback caps apply, making it best suited for consistent monthly spending.
OCBC 365 Credit Card
Our pick for: Families balancing dining with other essentials
OCBC 360 delivers steady cashback on dining across weekdays and weekends, including online food delivery. It also rewards groceries, utilities and fuel, making it a versatile choice for families seeking multi-category value.
Online Shopping
DBS Live Fresh Card
Our pick for: Digital-first, eco-conscious spenders
DBS Live Fresh offers strong cashback on online transactions and contactless payments. It covers e-commerce platforms, subscription services and mobile wallet purchases, making it a great option for digital-native shoppers.
UOB EVOL Card
Our pick for: Online shoppers who maximise contactless and in-app payments
The UOB EVOL Card rewards online and mobile contactless spending with elevated cashback once the minimum monthly spend is met. It suits individuals with a strong online shopping habit and a preference for tap-and-go payments.
OCBC Rewards Credit Card
Our pick for: Heavy online shoppers seeking accelerated rewards
The OCBC Rewards Credit Card offers accelerated OCBC$ on selected online retail categories, allowing frequent online shoppers to accumulate rewards quickly. It is well-suited to those who spend predominantly on e-commerce platforms.
Travel
Citi Cash Back+ Card
Our pick for: Travellers who want simple, uncapped cashback
Citi Cash Back+ offers uncapped cashback with no minimum spend, making it ideal for high-value travel purchases such as hotel bookings and flights. It is a fuss-free choice for those who prefer predictability and unlimited earning potential.
CIMB World Mastercard
Our pick for: Travellers who want flexible cashback on lifestyle and travel categories
The CIMB World Mastercard provides cashback on travel, dining and overseas spending. It is suitable for travellers who value broad category coverage without paying an annual fee.
Standard Chartered Simply Cash Credit Card
Our pick for: Travellers looking for flat-rate cashback on all spending
The Simply Cash Credit Card offers a flat cashback rate on most types of spending, including foreign currency transactions. It is ideal for frequent travellers who prefer simple, unrestricted earning.
Groceries
Citi Cash Back Card
Our pick for: Heavy supermarket shoppers
This card offers high cashback at major supermarkets when you meet the minimum spend. It is ideal for families with regular grocery runs and predictable monthly budgets.
OCBC 365 Credit Card
Our pick for: Households managing multiple essential expenses
OCBC 365 gives consistent cashback on groceries, dining and transport. Its broad coverage makes it an excellent all-rounder for households with diverse spending habits.
POSB Everyday Card
Our pick for: Value seekers who shop at Sheng Siong and Watsons
The POSB Everyday Card provides attractive cashback at Sheng Siong, Watsons and selected online platforms. It is ideal for budget-conscious families who want consistent savings on daily essentials.
Fuel
OCBC 365 Credit Card
Our pick for: Drivers looking for strong petrol savings
OCBC 365 combines elevated fuel cashback with station-specific discounts, making it one of the most cost-effective cashback cards for motorists who refuel frequently.
HSBC Advance Credit Card
Our pick for: Drivers with predictable monthly spending
HSBC Advance provides cashback on general spending, including fuel. It works best for drivers with steady monthly fuel expenses who want straightforward rewards.
Public Transport
DBS Live Fresh Card
Our pick for: SimplyGo and mobile wallet commuters
DBS Live Fresh rewards contactless transactions, including eligible SimplyGo rides. It suits commuters who prefer tapping with their physical card or mobile wallet.
Citi M1 Platinum Visa Card
Our pick for: Commuters who pay M1 bills and travel frequently
This card offers cashback on transport and recurring telco bills. It is ideal for M1 users who also want consistent savings on their daily commute.
POSB Everyday Card
Our pick for: Households reliant on public transport
The POSB Everyday Card offers cashback on transport and essential daily categories. It is a solid choice for individuals or families with regular commuting expenses.
How cashback rewards work
Earning cashback with a credit card in Singapore is one of the simplest ways to turn your everyday spending into effortless savings. Whether you’re a frequent online shopper, a dining enthusiast, or someone who prioritises essential spending like groceries and bills, the right cashback card helps you stretch your dollars further.
With each eligible transaction, you earn cashback based on the card’s reward structure. Some cards offer higher cashback for dining or fuel, while others provide flat unlimited cashback on all purchases. This means you can earn meaningful rebates simply by using your card for your regular expenses.
There are two main types of cashback cards:
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General–purpose cashback cards: These cards offer broad cashback across everyday categories such as groceries, dining, transport, petrol, and online shopping. They’re ideal for users who want consistent savings without tracking multiple rules or bonus caps.
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Category–specific cashback cards: These specialise in rewarding particular types of spending, such as online shopping, dining, or contactless payments. If your spending habits are concentrated in certain areas, these cards can help you maximise returns in those categories.
How do we determine the value of a cashback card? For general cashback cards, it’s straightforward: the value is the percentage of cashback you receive relative to your spending. But for category–specific cards, the true value depends on your spending patterns, the minimum spend requirement, and how quickly you hit the monthly caps.
Use our cashback comparison page to explore which card best matches your lifestyle. And whenever you find a cashback card that offers even higher returns for your favourite spending habits, that’s a win.
How to choose a cashback credit card
Choosing the right cashback card from the many options available can make a big difference in how much you save each month. The ideal card should align with your lifestyle, spending categories, and preferred level of effort, whether you like “set and forget” simplicity or want to optimise bonuses.
When making your choice, prioritise these factors:
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Match your cashback rewards to your spending habits: Pick a card that rewards where you spend most such as groceries, dining, online shopping, commuting, or petrol.
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Look at minimum spend requirements: Some cards require you to spend S$600–S$800 monthly to unlock higher cashback rates. If your spending doesn’t reliably hit that level, consider cards with no minimum spend.
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Check cashback caps and exclusions: Cashback caps limit how much you can earn each month. If you prefer flexibility, look for flat-rate or uncapped cashback cards.
Consider sign-up bonuses or promotional rates: These can boost your total savings in the first few months and help offset annual fees.
Leveraging PayWave, digital wallets & shopping portals
Most modern cashback cards support Visa PayWave, Apple Pay, Google Pay, Samsung Pay, and proprietary bank wallet services. This makes it easy to earn cashback on eligible transactions simply by tapping or paying with your phone.
Purchases made via online shopping portals and major e-commerce platforms are generally eligible for cashback (subject to your card’s T&Cs). However, note that top-ups to prepaid accounts, financial services, government payments, and insurance premiums are usually excluded, even if processed through digital payment channels.
Pitfalls & mistakes to avoid
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Missing minimum spend requirements, which prevents you from earning the higher cashback tier.
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Ignoring cashback caps, resulting in lower returns once you exceed the monthly limit.
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Using the wrong card for a category (e.g., using a flat-rate card when a category card would earn significantly more).
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Paying unnecessary annual fees. Always evaluate whether your cashback savings justify the fee, or request a fee waiver.
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Assuming all contactless or online payments earn cashback. Always check merchant category codes (MCCs) and exclusions.
Pros and Cons of having cashback cards
Pros
Cashback gives you instant, predictable savings
Cashback rewards are straightforward. Every time you spend, you get a portion of your money back. Unlike miles or points, cashback immediately reduces your expenses and is easy to understand, no complex conversions or redemption rules.
Great for everyday spending
Most cashback cards reward common categories such as groceries, dining, online shopping, petrol, transport, and utilities. Because these are recurring expenses, you can earn meaningful savings simply by using your card for regular monthly purchases.
Simple to track and redeem
Cashback is typically credited directly to your statement or account, making it one of the easiest reward types to manage. There is no need to track miles expiry, transfer partners, or flight availability. What you see is what you get.
Strong short-term value with sign-up bonuses
Many cashback cards offer generous sign-up bonuses when you meet a minimum spend within the first one to two months. These bonuses can give you an immediate financial boost, helping offset bills or upcoming expenses.
Ideal for non-travellers or budget-conscious users
If you don’t travel frequently or prefer immediate savings over long-term redemptions, cashback cards offer reliable value. They suit users who prioritise everyday cost savings rather than travel perks.
Cons
Minimum spend requirements can be restrictive
To unlock higher cashback rates, many cards require a minimum monthly spend, often S$600 to S$800, and sometimes more. If your spending varies from month to month, you may not consistently earn the maximum rewards.
Cashback caps limit how much you can earn
Most category-based cashback cards impose monthly caps. Once you hit the cap, additional spending earns only a low base rate. This can restrict high spenders or families with large grocery or dining budgets.
Categories may not match your lifestyle
Cashback categories differ across cards, and not all spending qualifies for bonus rates. If your spending habits don’t align with the card’s rewarded categories, you may end up earning far less than expected.
Annual fees may outweigh the rewards
Some cashback cards charge annual fees after the first year. If your monthly spending is low or inconsistent, the value of your cashback may not fully offset the fee.
Lower value for luxury or premium travel
Cashback offers certainty but not the high upside potential of air miles. Users who want business-class flights, premium travel perks, or high-value redemptions may find cashback less rewarding in the long term.
Frequently asked questions
Cashback credit cards reward you for using them to make purchases. Each time you use your card, you earn a percentage of your spending back as cashback. This cashback is typically credited to your account monthly or quarterly, and you can use it to offset your outstanding balance, redeem it for rewards, or even receive it as a direct deposit into your bank account.
Yes, cashback cards do give you actual cash. The cashback you earn is real money that you can use to offset your credit card bill, redeem for rewards, or receive as a direct deposit.
There are two main types of cashback credit cards:
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Flat-rate cashback cards: These cards offer a consistent cashback percentage on all purchases, regardless of the spending category.
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Category-based cashback cards: These cards offer higher cashback rates in specific spending categories, such as dining, groceries, or petrol.
Some cards also offer a combination of flat-rate and category-based cashback, providing flexibility and higher rewards in targeted areas.
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The highest paying cashback card depends on your spending habits and the specific card's features. Some cards offer high cashback rates in bonus categories, while others offer a flat rate on all purchases. It's essential to compare different cards and consider your spending patterns to find the card that will give you the highest cashback rewards.
In Singapore, cashback earned from a credit card is not considered taxable income. This means you get to keep the full amount of your cashback rewards without worrying about any tax implications.
The expiry policies for cashback vary depending on the credit card issuer and the specific card's terms and conditions. Some cards may have cashback that expires after a certain period, while others may allow you to accumulate cashback indefinitely. It's crucial to check the terms and conditions of your card to understand the cashback expiry policy.
Whether you should save up your cashback rewards or redeem them regularly depends on your financial goals and preferences. If you're saving for a specific goal, such as a holiday or a down payment on a flat, it might be beneficial to save up your cashback rewards. However, if you prefer to enjoy the benefits of your cashback sooner, you can redeem them regularly to offset your credit card bill or treat yourself to something special.
Credit card companies offer cashback as an incentive to attract new customers and encourage existing customers to use their cards more frequently. Cashback is a way for credit card companies to compete with each other and reward their loyal customers.