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Best Deals Credit Cards in Singapore (2021)

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Citi Cash Back+ Mastercard®
SingSaver's Exclusive Offer
No Minimum
Monthly Spend Required
1.6 %
Cashback
no minimum spend
1.6 %
Cashback
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American Express True Cashback Card
SingSaver's Exclusive Offer
No Minimum
Monthly Spend Required
3 %
Cashback
up to S$5,000 spend for first 6 months
3% on the first S$5000 spend in the first 6 months. 1.5% on all spend. No cashback cap. No min. spend required.
1.5 %
Cashback on dining
on local dining
3% on the first S$5000 spend in the first 6 months. 1.5% on all spend. No cashback cap. No min. spend required.
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HSBC Revolution Credit Card
SingSaver's Exclusive Offer
S$ 30,000
Min. Annual Income
4 Miles Per Dollar
Local Spending
on online purchases and contactless payment
on online purchases and contactless payment
2.5 %
Cashback
on online purchases and contactless payment
(Indirect Cashback) S$1 local spend = 10X rewards points. 4,000 points redeemed = S$10 cashback. Equivalent to 2.5% cashback. No min. spend required.
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Standard Chartered Unlimited Credit Card
SingSaver's Exclusive Offer
No Minimum
Monthly Spend Required
1.5 %
Cashback
On all spends
3 %
Cashback
with the Unlimited$aver account
With the Unlimited$aver account
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CIMB Visa Infinite Card
SingSaver's Exclusive Offer
No Minimum
Monthly Spend Required
2 %
Cashback
Unlimited cashback on online spend in foreign currencies
2% cashback on overseas and travel related spend. Charge a minimum of S$2,000 in month. No cashback cap.
1 %
Cashback
Unlimited cashback on all retail spend
1% cashback on all local spend. No min. spend required. No cashback cap.
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Citi PremierMiles Card
SingSaver's Exclusive Offer
S$ 25
Air Miles Conversion Fee
1.2 Miles Per Dollar
Local Spending
2 Miles Per Dollar
Overseas Spending
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HSBC Advance Credit Card
SingSaver's Exclusive Offer
No Minimum
Monthly Spend Required
3.5 %
Cashback
for HSBC Advance Banking customers with S$2,000 min spend
with minimum monthly spend of S$2,000, for HSBC Advance customers
2.5 %
Cashback
with min S$2,000 spend
with minimum monthly spend of S$2,000, additional 1% cashback for HSBC Advance banking customers
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Standard Chartered Rewards+ Credit Card
SingSaver's Exclusive Offer
3.13 %
Cashback Retail
on online spends in foreign currency
Based on conversion rate of 32,000 points = $100 cash rebate
4 Miles Per Dollar
Overseas Spending
If you hold a Standard Chartered X Credit Card
1.56 %
Cashback on dining
on local dining
(Indirect Cashback) S$1 = 1 point, 32,000 points = S$100 cash credit, equivalent to 1.56% cash back
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American Express CapitaCard
SingSaver's Exclusive Offer
S$ 30,000
Min. Annual Income
0.5 %
Cashback
on all eligible spend
at STAR$® XTRA participating merchants. Receive 65 STAR$ per S$1 spent, equivalent to 6.5% cashback
Not Available
Local Spending
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HSBC Visa Platinum Credit Card
SingSaver's Exclusive Offer
S$ 1,000
Monthly Spend Required
5 %
Cashback on dining
on local dining
5 %
Cashback Retail

Best Deals Credit Cards in Singapore (2021)

Product Name

Cashback rate

6%

Minimum wage

S$30,000

Product Name

Cashback rate

5%

Minimum wage

S$30,000

Cashback rate

5%

Minimum wage

S$30,000

Cashback rate

3.5%

Minimum wage

S$30,000

Cashback rate

1.6%

Minimum wage

S$30,000

Best Deals Credit Cards in Singapore (2021)

Product Name

Cashback rate

Minimum wage

OCBC Frank Card
6%
S$30,000
UOB One Card
5%
S$30,000
HSBC Visa Platinum Credit Card
5%
S$30,000
HSBC Advance Credit Card
3.5%
S$30,000
Citi Cash Back+ Mastercard®
1.6%
S$30,000

How do credit cards work?
Credit cards allow you to spend on your purchases today and make payment in the future when it’s time to settle your monthly bill. If you miss the monthly payment, you will be charged a hefty interest rate of around 25% p.a.

What types of credit cards are there in Singapore?
Each credit card has its own unique offering. They can be categorised into 3 main types.

  • Miles credit card: Rewards you with miles for every dollar spent. 
  • Cashback credit card: Rewards you with cash credited into your card to offset future spending.
  • Rewards credit card: Allows flexibility to choose the gift of your choice when you redeem your accumulated points.

Which type of credit card should I choose?
This depends on your spending habits and personal preferences. A travel lover might opt for a miles card, while others might prefer to be rewarded directly with cash. If you spend more on a specific category such as grocery, dining or shopping, you can select a card that maximises rewards for that category.

What credit card promotions are there?
Credit card promotions and sign up gifts change frequently. Most promotions are eligible for new-to-bank credit card holders, while sign up gifts for existing customers tend to be lower in value. They include: cash, cashback, vouchers, bonus airmiles, physical gifts (e.g. Apple AirPods, luggages) etc.

(Tip: Bookmark this page and stay updated on the best credit card deals!)

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Need some help?
No worries, we've got you covered!

You can apply for a credit card online or using physical forms available at banks. Fill up the personal details required, submit the relevant documents (such as your NRIC and payslip or latest CPF statements), and wait for the application to be approved.

Most banks also offer the option of applying via MyInfo using SingPass. Applying via MyInfo speeds up the application process as most of the information required would have been filled in for you. Sometimes, there are promos where you get rewarded cash gifts by applying with MyInfo.

You must be at least 21 years old to apply for a credit card. Some banks allow student credit cards to be issued to those aged 18. The minimum age for a supplementary card holder is also 18 years old. Besides being 21 years old, you also have to meet other application requirements such as the minimum annual income requirement.

You can start by choosing the type of credit card you prefer to have: miles, cashback or rewards.

From there, you can narrow down your selection based on factors such as:

  • What you can earn by spending on the credit card
  • Categories that earn more rewards (e.g. groceries, dining, online shopping, etc.)
  • What complimentary benefits the card offers
  • Minimum annual income required
  • Annual fee waiver

Welcome promotion available

A credit card can help ease cashflow as you’re spending ‘future money’.. You won’t be incurring the actual cost out of your own pocket presently, until the credit card bill comes along.


Besides being able to spend before you receive your pay, credit cards also reward you for your spending. For example, spending on a credit card can earn you cashback, air miles and reward points which can be exchanged for a variety of items. Credit cards also come along with fringe perks such as free airport lounge, discounts on dining and petrol, free travel insurance and more.

Visa, Mastercard and American Express are different credit card payment networks. Most credit card providers offer one or two of the card networks for their credit cards. For example, for DBS Altitude, you can get either the DBS Altitude Visa Signature or DBS Altitude American Express. UOB PRVI on the other hand, offers all three options — UOB PRVI Miles Visa UOB PRVI Miles Mastercard and UOB PRVI Miles American Express.

From a user standpoint, the payment does not differ, although there are a handful of places that might not accept American Express cards. The perks offered by these card providers do make a difference, in terms of dining promotions, airport transfers, lounge access, hotel benefits and more.

Before getting a credit card, consider the following:

  • Do I meet the requirements to get a credit card?
  • What is the annual fee and can it be waived?
  • Will I be able to hit the minimum monthly spend required (if any)?
  • Do I have the discipline to pay off my credit card bills?

The easiest credit cards to get are the ones with an entry-level annual income requirement of S$30,000 or those that offer instant approval. Credit card providers with instant approval can provide a digital credit card that you can start using even before your physical card arrives in the mail. Credit cards that are more difficult to get include the ones with higher annual income requirements that can range from S$80,000 to S$200,000. Not everyone will be able to apply for these cards.


Do also keep in mind that how easy or difficult a credit card is to get also depends on other factors such as your credit score and having continuous employment that is reflected by your CPF statement. A good credit score and having the relevant supporting documents in order can help to get your application approved.


Confused about credit card terms?

Glossary terms to know for first-time credit card users