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Best Rewards Credit Cards in Singapore (2021)

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Citi Rewards Card
SingSaver's Exclusive Offer
Featured
S$ 30,000
Min. Annual Income
0.23 %
Cashback
Standard Cash back
(Non-direct Cashback) S$1 local spend = 1 point on all other spend. 4200 points redeemed = S$10 cash credit. Equivalent to 0.23% cashback.
10 Points Per Dollar
Reward Points
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Standard Chartered Rewards+ Credit Card
SingSaver's Exclusive Offer
Featured
S$ 30,000
Min. Annual Income
0.31 %
Cashback
Based on conversion rate of 32,000 points = $100 cash rebate
10 Points Per Dollar
Reward Points
on foreign currency spend
10X rewards points for every S$1 spent in foreign currency
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HSBC Revolution Credit Card
Welcome Gift
S$ 30,000
Min. Annual Income
2.5 %
Cashback
on online purchases and contactless payment
(Indirect Cashback) S$1 local spend = 10X rewards points. 4,000 points redeemed = S$10 cashback. Equivalent to 2.5% cashback. No min. spend required.
10 Points Per Dollar
Reward Points
on online purchases and contactless payment
on online purchases and contactless payment
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Maybank World MasterCard
Welcome Gift
S$ 80,000
Min. Annual Income
0.3 %
Cashback
Standard Cashback
(Indirect cashback) S$1 = 1 point. 17,000 points = S$50 cash credit, equivalent to cashback of 0.3%.
10 Points Per Dollar
Reward Points
10X TREATS Points (or 4 air miles) for every S$1 spent
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OCBC Titanium Rewards Credit Card
Popular
S$ 30,000
Min. Annual Income
0.28 %
Cashback
Standard Cashback
(Non-direct Cashback) S$1 local spend = 1 OCBC$. 18,000 OCBC$ redeems S$50 Titanium Cash. Equivalent to 0.28% cashback.
10 Points Per Dollar
Reward Points
at specified retailers, online and in-stores
10x OCBC$ for every S$1 spent (capped at 120,000 OCBC$ within one year)
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Citi Lazada Card
Welcome Gift
S$ 30,000
Min. Annual Income
0.23 %
Cashback
Standard Cash back
(Non-direct Cashback) S$1 local spend = 1 point on all other spend. 4200 points redeemed = S$10 cash credit. Equivalent to 0.23% cashback.
10 Points Per Dollar
Reward Points
on Lazada
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American Express CapitaCard
Welcome Gift
S$ 30,000
Min. Annual Income
0.5 %
Cashback
on all eligible spend
at STAR$® XTRA participating merchants. Receive 65 STAR$ per S$1 spent, equivalent to 6.5% cashback
5 Points Per Dollar
Reward Points
Earn 5 STAR$® for every S$1 spent on eligible purchases.
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OCBC NTUC Plus! Credit Card
Popular
S$ 30,000
Min. Annual Income
0.22 %
Cashback
All Spending
Cardmembers will enjoy 1 LinkPoint for every S$3 charged for out-store Visa transactions (i.e. 0.33 LinkPoints or equivalent to 0.22% rebate in the form of LinkPoints) awarded by OCBC
4.5 Points Per Dollar
Reward Points
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OCBC Plus! Credit Card
Popular
S$ 30,000
Min. Annual Income
0.22 %
Cashback
Average Cashback
Cardmembers will enjoy 1 LinkPoint for every S$3 charged for out-store Visa transactions (i.e. 0.33 LinkPoints or equivalent to 0.22% rebate in the form of LinkPoints) awarded by OCBC
4.5 Points Per Dollar
Reward Points
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Maybank FC Barcelona Visa Signature Card
Welcome Gift
S$ 30,000
Min. Annual Income
1.6 %
Cashback
on all local spend
2 Points Per Dollar
Reward Points
2X TREATS Points is awarded for every S$1 equivalent charged in a foreign currency

Best Rewards Credit Cards In Singapore

Product Name

Rewards points rate (per dollar)

10Points Per Dollar

Miles earn rate

4Miles

Rewards points rate (per dollar)

10Points Per Dollar

Miles earn rate

4Miles

Rewards points rate (per dollar)

10Points Per Dollar

Miles earn rate

4Miles

Rewards points rate (per dollar)

10Points Per Dollar

Miles earn rate

4Miles

Rewards points rate (per dollar)

10Points Per Dollar

Miles earn rate

4Miles

Best Rewards Credit Cards In Singapore

Product Name

Rewards points rate (per dollar)

Miles earn rate

Citi Rewards Card
10Points Per Dollar
4Miles
HSBC Revolution Credit Card
10Points Per Dollar
4Miles
OCBC Titanium Rewards Credit Card
10Points Per Dollar
4Miles
Standard Chartered Rewards+ Credit Card
10Points Per Dollar
4Miles
Maybank World MasterCard
10Points Per Dollar
4Miles

How do rewards credit cards work?
A rewards credit card gives you points for your credit card spend. These reward points can then be used to redeem a gift from the bank’s rewards catalogue. The most common rewards available are cash vouchers, which can be used at the selected store.

Do all banks use the same rewards system?
No, banks have different rewards systems and different reward points currencies. For example, DBS uses DBS Points while UOB uses UNI$. The value of reward points also differ across banks and not all banks offer the same variety of rewards.

Why get a rewards credit card?
Rewards credit cards provide flexibility and offer a wide variety of reward options. When you have accumulated enough points, you can select the reward you like. Rewards credit cards can also double as a miles or cashback credit card with their conversion options.

What can my rewards points be exchanged for?
Each bank has their own list of items in their rewards catalogue. Items that you can exchange your reward points for include:

  • Cash credit / rebates
  • Movie tickets
  • Miles (e.g. Krisflyer, Qantas, BIG points)
  • Vouchers (e.g. grocery stores, department stores, petrol station, restaurants)
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Need some help?
No worries, we've got you covered!

A rewards credit card earns you reward points when you spend on the card. These reward points can be accumulated and then redeemed for a variety of gifts, including miles, cash rebates and shopping vouchers. Many miles-chasers use rewards credit cards to amass reward points that can be exchanged for miles from their frequent flyer programme.

Accumulate reward points over time to eventually redeem an attractive item. Rewards you can redeem your points for include miles, cash rebates, retail or F&B vouchers, hotel stays and more. You can even use your reward points to waive your credit card annual fee. 

You can check out the rewards available for different credit card providers below: 

No, reward points differ from provider to provider. There is no universal reward points system. For example, ‘Reward Points’ stated by the credit card provider refer to their own reward points system. Reward points systems can even differ within the same bank. 

Here’s what some of the reward points system look like: 

  • American Express: Membership Reward points, STAR$ 
  • Bank of China (BOC): BOC Points 
  • Citibank: Rewards/ThankYou® Rewards Points 
  • DBS: DBS Points 
  • HSBC: Reward Points 
  • Maybank: TREATS Points 
  • OCBC: OCBC$, Travel$ 
  • Standard Chartered: Rewards points 
  • UOB: UNI$, SMART$ 

Some cards also have an expiry date for their reward points, so be sure to redeem them before the due date.

Check out the rewards catalogue that the credit card provider has online. This will reflect the reward item as well as the points required to redeem it. This should give you a better idea of how much more you need to spend before you can redeem the item you are eyeing. 

For miles chasers, you can accumulate points to eventually claim a free plane ticket or a flight upgrade from economy to business class. Miles can usually be redeemed with frequent flyer programmes. However, it’s good to note the terms of redemption as there may be travel restrictions such as blackout dates, or mileage conversion rates between the time you earn the points and when you redeem the points. 

You should also keep a look out for the minimum miles conversion required. For example, you might only be able to convert in blocks of 10,000 miles.

Before you redeem your item, you should check the: 

  • Reward points expiry date 
  • Minimum redemption amount 
  • Administrative fee charged for redemption or transfer of points

If you have multiple different rewards credit cards from the same provider, the reward points are usually aggregated for you. If you do not have sufficient points, besides spending more on your credit card, you can top up the additional rewards points required by paying cash. This cash amount will usually be charged to your credit card. For miles redemption, you also have the option of paying for part of your trip in cash via your credit card.

The best rewards card would depend on your spending habits and the categories you tend to spend on the most. Different rewards credit cards give bonus rewards for different spending categories. Here are some of the best rewards credit cards for you to consider: 

  • Citi Rewards: 10X Rewards on online and shopping purchases, groceries and private hire rides 
  • DBS Woman’s World: 10X DBS Points (or 20 miles) on online purchases 
  • OCBC Titanium: 50 OCBC$ for every S$5 spent on shopping categories 
  • UOB Preferred Platinum Visa: UNI$10 per S$5 spend via mobile contactless, online shopping and entertainment 
  • UOB Lady’s: 10X UNI$ per S$5 spent on a choice of one of these categories - Travel, Dining, Beauty & Wellness and Family, to Fashion, Transport and Entertainment. 
  • UOB Lady’s Solitaire: 10X UNI$ per S$5 spent on two choices of these categories - Travel, Dining, Beauty & Wellness and Family, to Fashion, Transport and Entertainment.

You can compare rewards credit cards based on factors such as: 

  • Categories that earn bonus reward points 
  • Minimum annual income 
  • Annual fee 
  • Additional perks (e.g. e-commerce protection, travel insurance) 
  • Range of rewards available in the provider’s rewards catalogue 
  • Current credit card promotions

Rewards shopping credit cards may charge annual fees and late payment fees. These fees are similar across all types of credit cards. For rewards credit cards specifically, you could incur a fee when making a redemption for your reward. This fee could be charged to your credit card, or it could be in the form of deducting reward points equivalent to the value of the fee. For example, you could be charged an administrative fee to convert your reward points into miles on an airline’s frequent flyer programme.

You will have to meet the minimum income requirements to apply for the card. Some rewards credit cards, such as the DBS Woman’s World card and the UOB Lady’s Solitaire card, have a higher minimum income requirement. 

These rewards credit cards can also be gender specific, such as the UOB Lady’s that is only available for females. Do keep in mind that while some credit cards such as the DBS Woman’s World Card are named as such, they do not require you to be a female to apply for the card.

If you chase miles, you can consider a rewards credit card as it allows you to exchange your reward points for miles in the future. You can also consider rewards credit cards if you are undecided about what type of reward you prefer and would like flexibility. 

Lastly, if you enjoy receiving physical gift items over cash or miles, such as movie tickets, home appliances, electronics or gift vouchers, a rewards credit card could be it.

Rewards credit cards make a great option if you want flexibility on accumulating miles or getting cashback. Rewards credit cards allow you to only select your reward when you have amassed sufficient points. You can even exchange these reward points for cashback in the future. 

You can read this article that covers Cashback vs Miles vs Rewards to find out which type of credit card is best for you.

Confused about credit card terms?

Glossary terms to know for first-time credit card users