Best Cashback Credit Cards of December 2025

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:

• 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.

• 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:

• 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.

• 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.

• 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.

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

• Missing minimum spend requirements, which prevents you from earning the higher cashback tier.

• Ignoring cashback caps, resulting in lower returns once you exceed the monthly limit.

• Using the wrong card for a category (e.g., using a flat-rate card when a category card would earn significantly more).

• Paying unnecessary annual fees. Always evaluate whether your cashback savings justify the fee, or request a fee waiver.

• Assuming all contactless or online payments earn cashback. Always check merchant category codes (MCCs) and exclusions.

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.