The main difference between regular and unlimited cashback cards is the spending requirements and cashback cap.
You must typically meet a minimum spend requirement for a regular cashback credit card to unlock the maximum cashback rate. For example, you may be required to spend at least S$800 a month to earn 8% cashback on dining transactions. Failure to meet the minimum spend will result in a flat cashback rate (0.25%). Plus, there is usually a cashback cap in place. For example, a regular cashback credit card may have a monthly cap of S$100. This means the highest cashback amount you can earn is S$100, regardless of how much you spend.
As for an unlimited cashback credit card, you typically earn a flat cashback rate (from 1% to 1.7%) regardless of how much you spend. Although the cashback rate is much lower than a regular cashback credit card, there is no cashback cap. This means that is no limit to how much you can earn from your purchases, which is why an unlimited cashback credit card is perfect for big-ticket purchases.
Best Unlimited Cashback Credit Cards in Singapore 2025
Updated: 23 Jun 2025
Say goodbye to tedious cashback categories and caps, as these unlimited cashback cards will allow you to earn rebates on all your purchases. Whether you’re dining out, shopping, or planning your wedding, these unlimited cashback credit cards provide unmatched flexibility and convenience with no minimum spend or cap.
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How does an Unlimited Cashback Credit Card Work?
An unlimited cashback credit card provides cashback on purchases without minimum spending or cap. Unlike other cashback cards that may have maximum cashback amounts or specific spending categories, these unlimited cashback credit cards allow you to earn cashback on all eligible transactions without any restrictions.
This means there's no restrictions on the amount of cashback you can earn, giving you the freedom to accumulate rebates without constraints. It's a straightforward and hassle-free way to get rewarded for your spending, no matter how much or where you spend it.
How to best use an Unlimited Cashback Credit Card?
To make the most out of an Unlimited Cashback Credit Card and maximise your rewards, consider the following:
Understand the Cashback Terms
Familiarise yourself with the card's cashback terms and conditions. Know the flat cashback rate offered and any specific exclusions or limitations that may apply. Exclusions may include digital wallet top-ups, bill payments, paying for insurance premiums, or topping up your EZ-Link card.
Use for Big Purchases
Since there are no spending categories or caps, use the card for large purchases like weddings, home renovations, or overseas trips. This way, you can earn cashback without any restrictions or worry.
Combine it with other Cashback Credit Cards
If you have hit the cashback cap on your other credit card, use an unlimited cashback credit card for additional purchases to ensure you don’t miss out on earning rebates.
Consolidate Your Spending
Consider consolidating your spending onto an unlimited cashback card if you have multiple credit cards. This simplifies tracking and ensures you don't miss out on any rewards.
Combine with Promotions
Take advantage of any additional promotions or discounts the credit card issuer or partnering merchants offers to boost your savings.
Who should use an Unlimited Cashback Credit Card?
The unlimited cashback credit card is an excellent option for individuals seeking simplicity and flexibility in their rewards. It is well-suited for the following types of people:
Everyday Spenders
Those who use their credit cards for a significant portion of their daily expenses, such as groceries, dining, shopping, and bills, will benefit from earning cashback on all transactions.
People who prefer simplified rewards
People who prefer a straightforward rewards programme without the need to keep track of spending categories or minimum spending will find this card appealing.
Those who prefer no spending restrictions
Individuals who want the freedom to spend on various categories without worrying about cashback caps or limitations will appreciate the unlimited nature of these credit cards.
Rewards Maximisers
Those who want to maximise their rewards and earn cashback on all eligible purchases, regardless of the amount spent, can use an unlimited cashback credit card.
Big Spenders
People who make significant purchases regularly, such as expensive electronics or travel bookings, can earn cashback rewards with an unlimited cashback credit card.
Things to look out for when choosing an Unlimited Cashback Credit Card
When selecting an unlimited cashback credit card, it's essential to consider several factors to ensure it aligns with your financial needs and goals. Here are some crucial things to look out for.
Cashback Percentage
Check the flat cashback rate offered by the card. While it's "unlimited," the actual cashback percentage can vary between different cards. Aim for a competitive rate that suits your spending habits.
Eligible Spending
Verify if there are any exclusions or specific categories that do not qualify for cashback. While it's an unlimited cashback card, some transactions may not be eligible for rewards. Some examples include digital wallet top-ups, payments to government agencies, paying for insurance premiums, or gambling-related purchases.