Best Cashback Credit Cards of March 2025: March Madness
updated: Mar 12, 2025
Finding the perfect cashback credit card can be like searching for a needle in a haystack, but don't worry, SingSaver is here to help! With so many options available in Singapore, it's crucial to choose a card that aligns with your spending habits and financial goals. Whether you're a seasoned cashback enthusiast or just starting your credit card journey, our curated list of the best cashback credit cards will help you maximise your rewards and make the most of every dollar you spend.
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SingSaver’s Best Cashback Credit Cards
Best cashback credit cards
Get the ideal credit card for your needs.
Whether you're a frequent flyer, a cashback enthusiast, or simply looking to build your credit, we'll help you find the perfect card.
Our Pick For Best Unlimited Cashback Card: Standard Chartered Simply Cash Credit Card
Standard Chartered Simply Cash Credit Card
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| Cashback Local | 1.5% |
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| Cashback Overseas | 1.5% |
| Monthly Spend Required | None |
| Annual Fee | S$ 196.20 |
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Our Pick For Online Shopping: DBS Live Fresh Card
DBS Live Fresh Card
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| Cashback Local | Up to 6% |
|---|---|
| Cashback Overseas | Up to 6% |
| Monthly Spend Required | S$ 800.00 per month |
| Annual Fee | S$ 196.20 |
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Our Pick For Fuel: POSB Everyday Card
POSB Everyday Card
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| Cashback Local | Up to 10% |
|---|---|
| Cashback Overseas | 0.3% |
| Monthly Spend Required | S$ 800.00 per month |
| Annual Fee | S$ 196.20 |
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Our Pick For Groceries: UOB One Card
UOB One Card
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| Cashback Local | Up to 20% |
|---|---|
| Cashback Overseas | Up to 3.33% |
| Monthly Spend Required | S$ 2,000.00 |
| Annual Fee | S$ 196.20 |
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Our Pick For Dining: UOB Lady's Card
UOB Lady's Card
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| Cashback Digital Wallet | N/A |
|---|---|
| Cashback Base Rate | N/A |
| Monthly Spend Required | None |
| Annual Fee | S$ 196.20 |
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Our Pick For Flat Cashback Rate: American Express True Cashback Card
American Express True Cashback Card
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| Cashback Local | 1.5% |
|---|---|
| Cashback Overseas | 1.5% |
| Monthly Spend Required | None |
| Annual Fee | S$ 174.40 |
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How SingSaver rates cashback credit cards
At SingSaver, we use a comprehensive rating system to evaluate cashback credit cards and help you make informed decisions. Our ratings are based on a variety of factor. By considering these factors, we provide a comprehensive view of each card's overall benefits and help you choose the best cashback credit card for your needs.
Bonus categories
We also assess, if applicable, the bonus categories offered by each card, looking for cards that provide enhanced rewards in popular spending categories like dining, groceries, or online shopping.
Fees, perks, and more
We take into account the annual fees, foreign transaction fees, interest rates, and other perks associated with each card.
Ask Reddit: What’s the best cashback credit card in Singapore?
Reddit is a treasure trove of opinions, and when it comes to cashback credit cards in Singapore, the discussions are lively and diverse. A common thread across these discussions is that the "best" card truly depends on your individual spending habits and financial goals.
Singaporean Redditors often highlight cards that excel in specific categories:
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For everyday expenses: The Citi Cash Back Card is frequently praised for its flat-rate cashback and simplicity.
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For dining and entertainment: The UOB One Card often takes the spotlight with its high cashback rates for dining and entertainment expenses.
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For groceries and petrol: Cards like the POSB Everyday Card and OCBC 365 Card are popular choices for their bonus cashback in these essential categories.
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For online shopping: The DBS Live Fresh Card is a favourite for its enhanced cashback on online purchases and contactless payments.
The key takeaway from these Reddit discussions is that there's no single "best" card for everyone. It's crucial to analyse your spending patterns and identify the categories where you spend the most. Then, choose a card that offers the highest cashback rates or rewards in those specific categories. Don't be afraid to combine multiple cards to maximise your cashback across different spending areas. After all, the goal is to make your money work smarter for you, and a strategic approach to cashback credit cards can help you achieve just that.
Most popular cashback credit cards in Singapore
At SingSaver, we've evaluated hundreds of credit cards. These cashback credit card review pages are our the most visited as of February 2025:
Frequently asked questions
How do cashback credit cards work?
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.
Do cashback cards actually give you cash?
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.
What kinds of cashback credit cards are there?
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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What's the highest paying cashback card?
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.
Is cashback from a credit card taxable?
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.
Does cashback expire?
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.
Should I save up cashback rewards?
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.
Why do credit cards give cashback?
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.
How much is the maximum 50% of the salary I can win?
The maximum you can win is S$2,500, even if 50% of your salary is higher than this amount.
The information on this page is for educational and informational purposes only and should not be considered financial or investment advice. While we review and compare financial products to help you find the best options, we do not provide personalised recommendations or investment advisory services. Always do your own research or consult a licensed financial professional before making any financial decisions.