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Best Rewards Credit Card in Singapore 2024

Experience unparalleled benefits, exclusive perks, and unmatched rewards with the best rewards credit cards in Singapore. Discover the perfect card for your lifestyle and spending preferences, from air miles to cashback and more. Elevate your financial journey now!

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See All Prizes
 
Frame 1658
8x Apple iPad
(each worth $679)
Frame 1659
8x Dyson AirwrapTM styler
(each worth $849)
Frame 1660
8x Nintendo Switch OLED
(each worth $549)
Frame 1661
8x Playstation®5 consoles
(each worth $799)

 

FEATURED
American Express Platinum Card

American Express Platinum Card

Rewards Points Baseline
2  points per dollar
info
Monthly Spend Required
None
Annual Fee
S$ 1,744

2 Offers Available

Welcome Offer
Complimentary one-night stay at The Ritz Carlton, Millenia Singapore (worth S$590)
Complimentary one-night stay at The Ritz Carlton, Millenia Singapore (worth S$590)

Valid until

31 March 2024

Welcome Offer
Get up to 135,000 Membership Rewards® points
Get up to 135,000 Membership Rewards® points

Valid until

31 March 2024

Things to consider for this product:

check

Bonus air miles

check

Dining savings

check

Airport lounge

remove

Annual Fee required

American Express Platinum Card

American Express Platinum Card

Rewards Points Baseline
2  points per dollar
info
Monthly Spend Required
None
Annual Fee
S$ 1,744

2 Offers Available

Welcome Offer
Complimentary one-night stay at The Ritz Carlton, Millenia Singapore (worth S$590)
Complimentary one-night stay at The Ritz Carlton, Millenia Singapore (worth S$590)

Valid until

31 March 2024

Welcome Offer
Get up to 135,000 Membership Rewards® points
Get up to 135,000 Membership Rewards® points

Valid until

31 March 2024

Things to consider for this product:

check

Bonus air miles

check

Dining savings

check

Airport lounge

remove

Annual Fee required

Standard Chartered Rewards+ Credit Card

Standard Chartered Rewards+ Credit Card

Rewards Points Baseline
1  point per dollar
info
Monthly Spend Required
None
Annual Fee
S$ 196.2
info

2 Offers Available

March Madness Grand Lucky Draw
3x chances to win a pair of Round Trip Business Class tickets to Tokyo (worth S$13,144)
3x chances to win a pair of Round Trip Business Class tickets to Tokyo (worth S$13,144)

Valid until

31 March 2024

Best Deal Guarantee
Apple iPad 9th Gen 10.2
Apple iPad 9th Gen 10.2" WiFi 64GB (worth S$508.30)

Valid until

31 March 2024

Best Deal Guarantee
Dyson AM07 Tower Fan (worth S$459)
Dyson AM07 Tower Fan (worth S$459)

Valid until

31 March 2024

Best Deal Guarantee
Apple AirPods Pro 2nd Gen (worth S$365.70)
Apple AirPods Pro 2nd Gen (worth S$365.70)

Valid until

31 March 2024

Best Deal Guarantee
Up to S$340
Up to S$340

Valid until

31 March 2024

Things to consider for this product:

check

Overseas rebate

check

No monthly spend required

check

Travel insurance

remove

Rebate cap applied

Standard Chartered Smart Credit Card

Standard Chartered Smart Credit Card

Rewards Points Baseline
1.6  points per dollar
info
Monthly Spend Required
None
Annual Fee
No Annual Fee
info

2 Offers Available

March Madness Grand Lucky Draw
3x chances to win a pair of Round Trip Business Class tickets to Tokyo (worth S$13,144)
3x chances to win a pair of Round Trip Business Class tickets to Tokyo (worth S$13,144)

Valid until

31 March 2024

Best Deal Guarantee
Apple iPad 9th Gen 10.2
Apple iPad 9th Gen 10.2" WiFi 64GB (worth S$508.30)

Valid until

31 March 2024

Best Deal Guarantee
Dyson AM07 Tower Fan (worth S$459)
Dyson AM07 Tower Fan (worth S$459)

Valid until

31 March 2024

Best Deal Guarantee
Apple AirPods Pro 2nd Gen (worth S$365.70)
Apple AirPods Pro 2nd Gen (worth S$365.70)

Valid until

31 March 2024

Best Deal Guarantee
Up to S$340
Up to S$340

Valid until

31 March 2024

Things to consider for this product:

check

Bonus air miles

check

Public transportation

check

Installment

check

No Annual Fee

HSBC Revolution Credit Card

HSBC Revolution Credit Card

Rewards Points Baseline
1  point per dollar
info
Monthly Spend Required
None
Annual Fee
No Annual Fee

2 Offers Available

March Madness Grand Lucky Draw
2x chances to win a pair of Round Trip Business Class tickets to Tokyo (worth S$13,144)
2x chances to win a pair of Round Trip Business Class tickets to Tokyo (worth S$13,144)

Valid until

31 March 2024

Best Deal Guarantee
Dyson Supersonic™ hair dryer (worth S$699)
Dyson Supersonic™ hair dryer (worth S$699)

Valid until

31 March 2024

Best Deal Guarantee
Apple iPad 9th Gen 10.2
Apple iPad 9th Gen 10.2" WiFi 64GB (worth S$508.30)

Valid until

31 March 2024

Best Deal Guarantee
Nintendo Switch OLED (worth S$549)
Nintendo Switch OLED (worth S$549)

Valid until

31 March 2024

Best Deal Guarantee
S$350 eCapitaVoucher
S$350 eCapitaVoucher

Valid until

31 March 2024

Things to consider for this product:

check

Mobile contactless rebate

check

Online shopping rebate

check

Travel rebate

check

No Annual Fee

Citi Rewards Card

Citi Rewards Card

Rewards Points Baseline
1  point per dollar
Monthly Spend Required
None
Annual Fee
S$ 196.2
info

2 Offers Available

March Madness Grand Lucky Draw
3x chances to win a pair of Round Trip Business Class tickets to Tokyo (worth S$13,144)
3x chances to win a pair of Round Trip Business Class tickets to Tokyo (worth S$13,144)

Valid until

31 March 2024

Best Deal Guarantee
Dyson Supersonic™ hair dryer (worth S$699)
Dyson Supersonic™ hair dryer (worth S$699)

Valid until

31 March 2024

Best Deal Guarantee
Apple iPad 9th Gen 10.2
Apple iPad 9th Gen 10.2" WiFi 64GB (worth S$508.30)

Valid until

31 March 2024

Best Deal Guarantee
Dyson V8 Slim Fluffy (worth S$509)
Dyson V8 Slim Fluffy (worth S$509)

Valid until

31 March 2024

Best Deal Guarantee
S$400 eCapitaVoucher
S$400 eCapitaVoucher

Valid until

31 March 2024

Best Deal Guarantee
S$300 cash via PayNow
S$300 cash via PayNow

Valid until

31 March 2024

Things to consider for this product:

check

Bonus air miles

check

Travel insurance

check

Annual Fee waiver

check

High-value gift

American Express Platinum Credit Card

American Express Platinum Credit Card

Rewards Points Baseline
2  points per dollar
info
Monthly Spend Required
Conditional
info
Annual Fee
S$ 327

Offer Available

Welcome Offer
Up to S$400 eCapitaVoucher + 1,250 Membership Rewards® Points
Up to S$400 eCapitaVoucher + 1,250 Membership Rewards® Points

Valid until

31 March 2024

Things to consider for this product:

check

Unlimited air miles

check

Dining savings

remove

Annual Fee required

UOB Lady's Card

UOB Lady's Card

Rewards Points Baseline
UNI$ 1
Monthly Spend Required
None
Annual Fee
S$ 196.2
info

3 Offers Available

SingSaver Lightning Deal
Apple iPad 10th Gen WiFi 64GB (worth S$691.60)
Apple iPad 10th Gen WiFi 64GB (worth S$691.60)

Valid until

31 March 2024

SingSaver Lightning Deal
Dyson Airwrap™ multi-styler and dryer (Complete) (worth S$859)
Dyson Airwrap™ multi-styler and dryer (Complete) (worth S$859)

Valid until

31 March 2024

SingSaver Lightning Deal
S$350 worth of Vouchers
S$350 worth of Vouchers

Valid until

31 March 2024

March Madness Grand Lucky Draw
Upsized 5x chances to win a pair of Round Trip Business Class tickets to Tokyo (worth S$13,144)
Upsized 5x chances to win a pair of Round Trip Business Class tickets to Tokyo (worth S$13,144)

Valid until

31 March 2024

Stackable Welcome Offer
S$350 cash credit
S$350 cash credit

Valid until

31 March 2024

Things to consider for this product:

check

Local spending rebate

check

Installment

check

No monthly spend required

remove

Rebate cap applied

HSBC Visa Platinum Credit Card

HSBC Visa Platinum Credit Card

Rewards Points Baseline
1  point per dollar
Monthly Spend Required
S$ 600  per month
info
Annual Fee
S$ 196.2
info

2 Offers Available

March Madness Grand Lucky Draw
2x chances to win a pair of Round Trip Business Class tickets to Tokyo (worth S$13,144)
2x chances to win a pair of Round Trip Business Class tickets to Tokyo (worth S$13,144)

Valid until

31 March 2024

Best Deal Guarantee
Dyson Supersonic™ hair dryer (worth S$699)
Dyson Supersonic™ hair dryer (worth S$699)

Valid until

31 March 2024

Best Deal Guarantee
Apple iPad 9th Gen 10.2
Apple iPad 9th Gen 10.2" WiFi 64GB (worth S$508.30)

Valid until

31 March 2024

Best Deal Guarantee
Nintendo Switch OLED (worth S$549)
Nintendo Switch OLED (worth S$549)

Valid until

31 March 2024

Best Deal Guarantee
S$350 eCapitaVoucher
S$350 eCapitaVoucher

Valid until

31 March 2024

Things to consider for this product:

check

Dining rebate

check

Supermarket rebate

check

Petrol rebate

remove

Rebate cap applied

Maybank Manchester United Platinum Visa Credit Card

Maybank Manchester United Platinum Visa Credit Card

Rewards Points Baseline
Up to 25  TREATS Points per S$5 spent
info
Monthly Spend Required
None
Annual Fee
S$ 87.2
info

Things to consider for this product:

check

Local spending rebate

check

No monthly spend required

check

No rebate cap

check

Travel insurance

Maybank FC Barcelona Visa Signature Card

Maybank FC Barcelona Visa Signature Card

Rewards Points Baseline
10  TREATS Points per S$5
info
Monthly Spend Required
None
Annual Fee
S$ 130.8
info

Things to consider for this product:

check

Annual Fee waiver

check

No monthly spend required

check

No rebate cap

check

Overseas rebate

Maybank World MasterCard

Maybank World MasterCard

Rewards Points Baseline
5  TREATS Points per S$5 spent
Monthly Spend Required
None
Annual Fee
S$ 261.6
info

Things to consider for this product:

check

Dining rebate

check

Retail rebate

check

Petrol rebate

check

Airport lounge

Maybank DUO Platinum MasterCard

Maybank DUO Platinum MasterCard

Rewards Points Baseline
5  TREATS Points per S$5 spent
info
Monthly Spend Required
None
Annual Fee
S$ 130.8
info

Things to consider for this product:

check

Petrol rebate

check

Overseas rebate

check

Travel insurance

check

Annual Fee waiver

Maybank Horizon Visa Signature Card

Maybank Horizon Visa Signature Card

Rewards Points Baseline
5  TREATS Points per S$5 spent
Monthly Spend Required
S$ 800  per month
info
Annual Fee
S$ 196.2
info

Things to consider for this product:

check

Overseas/Foreign spend

check

Air tickets

check

Dining

remove

Rebate cap applied

DBS yuu Visa Card

DBS yuu Visa Card

Rewards Points Baseline
1  yuu Point per S$1
info
Monthly Spend Required
None
Annual Fee
S$ 196.2
info

Offer Available

Welcome Offer
S$388 cashback
S$388 cashback

Valid until

31 May 2024

Things to consider for this product:

check

Supermarket rebate

check

Dining rebate

remove

Rebate cap applied

remove

Monthly spend required

DBS yuu American Express Card

DBS yuu American Express Card

Rewards Points Baseline
1  yuu Point per S$1
info
Monthly Spend Required
None
Annual Fee
S$ 196.2
info

2 Offers Available

Welcome Offer
S$388 cashback
S$388 cashback

Valid until

31 May 2024

Welcome Offer
S$60 cashback
S$60 cashback

Valid until

31 May 2024

Things to consider for this product:

check

Supermarket rebate

check

Dining rebate

remove

Rebate cap applied

remove

Monthly spend required

Citi Business Card

Citi Business Card

Rewards Points Baseline
2  Citi ThankYou points
info
Monthly Spend Required
None
Annual Fee
S$ 150
info

Things to consider for this product:

check

Travel insurance

check

No rebate cap

check

No monthly spend required

remove

Annual Fee required

Maybank Manchester United Platinum Visa Credit Card

Maybank Manchester United Platinum Visa Credit Card

Rewards Points Baseline
Up to 25  TREATS Points per S$5 spent
info
Monthly Spend Required
None
Annual Fee
S$ 87.2
info

Things to consider for this product:

check

Local spending rebate

check

No monthly spend required

check

No rebate cap

check

Travel insurance

DBS Woman's Card

DBS Woman's Card

Rewards Points Baseline
1  DBS Point per S$5
info
Monthly Spend Required
None
Annual Fee
S$ 163.5
info

Things to consider for this product:

check

Online shopping rebate

check

Overseas rebate

check

Installment

remove

Rebate cap applied

DBS Woman's World Card

DBS Woman's World Card

Rewards Points Baseline
1  DBS Point per S$5
info
Monthly Spend Required
None
Annual Fee
S$ 196.2
info

Things to consider for this product:

check

Online shopping rebate

check

Overseas rebate

check

Installment

remove

Rebate cap applied

Standard Chartered Visa Infinite Credit Card

Standard Chartered Visa Infinite Credit Card

Rewards Points Baseline
3.5  points per dollar
info
Monthly Spend Required
S$ 2,000
info
Annual Fee
S$ 599.5
info

Things to consider for this product:

check

Airport lounge

check

Travel insurance

check

Bonus air miles

remove

Monthly spend required

OCBC Rewards Credit Card

OCBC Rewards Credit Card

Rewards Points Baseline
1  OCBC$ per dollar
info
Monthly Spend Required
None
Annual Fee
S$ 196.2
info

Things to consider for this product:

check

Retail rebate

check

Online shopping rebate

check

Gift: Apple product

check

No monthly spend required

UOB Lady's Solitaire Card

UOB Lady's Solitaire Card

Rewards Points Baseline
UNI$ 1
Monthly Spend Required
None
Annual Fee
S$ 414.2
info

Offer Available

Stackable Welcome Offer
S$350 cash credit
S$350 cash credit

Valid until

31 March 2024

Things to consider for this product:

check

Local spending rebate

check

Installment

check

No monthly spend required

remove

Rebate cap applied

Maybank Business Platinum Mastercard

Maybank Business Platinum Mastercard

Things to consider for this product:

check

Travel insurance

check

Annual Fee waiver

check

Installment

check

No monthly spend required

See All Prizes
 
Frame 1658
8x Apple iPad
(each worth $679)
Frame 1659
8x Dyson AirwrapTM styler
(each worth $849)
Frame 1660
8x Nintendo Switch OLED
(each worth $549)
Frame 1661
8x Playstation®5 consoles
(each worth $799)

 

Comparison of the Best Rewards Credit Cards in Singapore

Credit card Rewards Recommended for
Citi Rewards Card
Citi Rewards Card

- 10X Rewards Points on online shopping and in-store shopping purchases, ride-hailing apps, online food delivery, and online groceries

- 1X Rewards Points on all other retail spends

Bonus points cap: 9,000 Rewards Points per month / S$1,000 spend per month

Base points cap: No cap 

Shopping, online shopping, ride-hailing apps, online food delivery, and online groceries
Standard Chartered Rewards+ Card
Standard Chartered Rewards+ Card

- Up to 10X Rewards Points on foreign currency spend on overseas retail, dining and travel

- 5X Rewards Points on local dining

- 1X Rewards Points on all other spends

Total points cap: 20,000 Rewards Points per 12 months

Foreign currency spend on overseas retail, dining, travel, and local dining
OCBC Rewards Card
OCBC Rewards Card

- 10X Rewards Points (50 OCBC$ per S$5 spend) on shopping, department store and online spends (local or overseas)

- 1X Rewards Points (5 OCBC$ per S$5 spend) on all other retail spends

- Additional 2% rebate at BEST Denki 


[Update!] Bonus points cap: 10,000 bonus OCBC$ per month

Base earn rate: 5 OCBC$ per S$5 spent

Fashion, shoes, accessories and electronics
HSBC Revolution Card
HSBC Revolution Card

- 10X Rewards Points on online shopping, food delivery, travel and contactless transactions

- 1X Rewards Points on all other retail spends

Bonus points cap: S$1,000 spend per month

Contactless payments, online shopping, food delivery, travel 
American Express CapitaCard
American Express CapitaCard
- Up to 2% rebate (4X STAR$) for participating outlets at CapitaLand Malls in the heartlands
 
- Up to 3% rebate (6X STAR$) at participating outlets at CapitaLand Malls in town
 
- Extra 5% rebate (10X STAR$) at participating STAR$ X'tra Partners in Capita
 
- Up to 1.5% rebate (3X STAR$) for eCapitaVoucher purchases
 
- Up to 0.5% rebate (1X STAR$) per S$1 spend anywhere
 
Bonus points cap: S$1,200 spend per month
Local shopping at CapitaLand Malls
Maybank World MasterCard
Maybank World MasterCard
10X Rewards Points (4 mpd) on selected dining, fashion, petrol, and airport duty-free cosmetics and perfumes

Bonus points cap: None
Fans of Paradise Group, Imperial Treasure, Resorts World Sentosa and The Shilla Duty-free 

UOB Lady's Card
UOB Lady's Card

UOB Lady’s Solitaire Card

UOB Lady’s Solitaire Card

- 15X UNI$ per S$5 spend on one or two selected categories, which can be switched every quarter

- 1X UNI$ per S$5 on all other retail spend

Bonus points cap: S$1,000 / S$3,000 spend cap per month

Base earn rate: 1 UNI$ per S$5 spend

Customers who like to spend on specific categories

DBS Woman's Card
DBS Woman's Card

DBS Woman’s World Card
DBS Woman’s World Card

- 10X Rewards Points per S$5 on online spend

- 3X Rewards Points per S$5 on overseas spend

- 1X Rewards Point per S$5 on all other retail spend

Bonus points cap: S$1,500 on online spend per month

*Bonus points only awarded in the next calendar month

Customers who shop online and overseas

 

How Does A Rewards Credit Card Work?

Earning Points and Miles

When you use your rewards credit card for eligible purchases, you earn points, miles, or cashback, depending on the card's reward structure. Generally, points and miles are often awarded based on the amount of money you spend, with higher rewards for specific categories like groceries, dining, travel, or gas.

Accumulation and Tracking

Rewards earned accumulate over time and are tracked by the credit card issuer. You can usually check your rewards balance through your online account or monthly statements.

Rewards Structure

Credit cards have different reward structures. Some offer flat-rate rewards on all purchases, while others provide bonus rewards in specific spending categories. For example, a card might offer 2% cashback on all purchases and 5% cashback on groceries, dining, and even overseas spend.

Redemption Options

You can redeem your accumulated rewards in various ways, depending on the credit card's redemption options. Common options include:

  • Cashback: Direct deposit or statement credit.
  • Travel rewards: Booking flights, hotels, or car rentals.
  • Merchandise: Purchasing items from a rewards catalogue.
  • Gift cards: Redeeming points for gift cards to various retailers.
See All Prizes
 
Frame 1658
8x Apple iPad
(each worth $679)
Frame 1659
8x Dyson AirwrapTM styler
(each worth $849)
Frame 1660
8x Nintendo Switch OLED
(each worth $549)
Frame 1661
8x Playstation®5 consoles
(each worth $799)

 

What To Look For When Choosing A Rewards Credit Card?

Choosing the right rewards credit card involves considering several factors to ensure it aligns with your spending habits and financial goals. Here are key aspects to look out for.

Rewards Structure

Examine the card's rewards structure. Determine whether it offers cashback, points, or miles. Check if there are bonus categories that align with your regular spending habits, such as groceries, dining, travel, or gas.

Introductory Offers

Check for any introductory bonuses or special promotions, such as extra points, bonus miles, or cashback, which you can earn when you meet a spending threshold within the first few months.

Redemption Options

Review the redemption options for earned rewards. Ensure there are flexible and valuable choices, such as cashback, travel/miles, merchandise, or gift cards/vouchers.

Expiration of Rewards

Be aware of any expiration dates on earned rewards. Some rewards may expire unless used within a specific timeframe.

Restrictions and Limitations

Check for restrictions on earning and redeeming rewards, such as blackout dates for travel rewards or limits on specific spending categories.

Spending Habits

Consider how well the card fits your lifestyle and financial goals. A card may offer fantastic rewards, but it may not be the best choice if it doesn't align with your spending habits.

What Is A Credit Card Rewards Programme?

A credit card rewards program is a feature offered by credit card issuers, allowing users to earn points, miles, or cashback based on their spending. Points are earned through eligible purchases, often with bonus rewards for specific spending categories. Cardholders can redeem these rewards for cashback, travel benefits (usually via miles earned), merchandise, or gift cards/vouchers. 

Most credit cards have annual fees, and weighing these against potential benefits is crucial. Responsible use (e.g., paying the balance in full) helps avoid interest charges. Introductory or sign-up bonuses are also common, offering significant rewards for reaching spending thresholds in the initial months. 

Credit card rewards programs aim to incentivize spending and foster cardholder loyalty, providing additional value beyond traditional payment methods. Understanding program terms, such as reward expiration and redemption restrictions, is essential for maximizing benefits and choosing a rewards credit card aligned with your spending habits.

Our Top Picks for Best Rewards Card for Different Spending Habits

Best Rewards Credit Card for Overseas Spend and Local Dining

Standard Chartered Bank Rewards+ Visa Credit Card

Standard Chartered Bank Rewards+ Visa Credit Card

The SCB Rewards+ Visa Credit Card is perfect for maximizing international expenses, offering 10X reward points for every S$1 spent on shopping, travel, and dining in foreign currencies. Locally, enjoy 5x points for dining at domestic establishments.

However, there's a yearly limit of 20,000 bonus points, after which earnings drop to 1 reward point for every S$1. The standard rate of 1 point per dollar applies to all other eligible spend, with no overall points accumulation limit.

Best Rewards Credit Cards for Flexible Spending

UOB Lady's Card

UOB Lady's Card

If your spending patterns vary throughout the year, the UOB Lady's Card is designed for you. This unique rewards credit card allows you to choose specific spending categories each quarter, such as beauty, fashion, travel, dining, or family, earning you 15x UNI$ (30 miles per S$5) in the selected category.

You can stick with the same category for consecutive quarters, ensuring consistent point maximization as your spending habits change. With a generous bonus point cap of 1,800 UNI$ per month (equivalent to S$1,000 spend), you can accumulate a substantial number of points.

Best Rewards Cards for Fashion, Shoes, Accessories and Electronics

OCBC Rewards Card

OCBC Rewards Card

The OCBC Rewards Card is highly rewarding for those who shop for fashion, bags, shoes, accessories, laptops, and electronics. Earn 10X Rewards Points (4 miles per S$1) in these categories, both in-store and online, equating to 50 OCBC$ per S$5 spent. You may also earn up to 15 OCBC$ (6 miles per S$1) on selected retailers per quarter.

For electronics at BEST Denki, get an extra 2% rebate. Other retail transactions earn 1X Rewards Point (5 OCBC$ per S$5), but remember that transactions are based on each S$5 block, requiring a minimum charge of S$5 to accrue points. Amounts not in multiples of S$5 are ineligible.

Best Rewards Credit Card for Shopping at Local Malls

American Express CapitaCard

American Express CapitaCard

For avid shoppers at CapitaLand malls, the AMEX CapitaCard is tailored for you. Earn points effortlessly at partner merchants, starting at a 0.5% rebate (1X STAR$) for all retail purchases and increasing to a 1.5% rebate (3X STAR$) for eCapitaVoucher expenditures. Enjoy a 2% rebate (4X STAR$) in heartland malls and a 3% rebate (6X STAR$) in town centre malls.

Look out for STAR$ X'tra Partners for an extra 5% rebate (10X STAR$). For every 5,000 STAR$ you gain, you can redeem a S$5 eCapitaVoucher to offset your expenses at your preferred CapitaLand mall.

Best Rewards Credit Card for Online Travel, Shopping, Food Delivery and Contactless Payment

HSBC Revolution Visa Credit Card

HSBC Revolution Visa Credit Card

Travel enthusiasts should consider the HSBC Revolution Visa Credit Card. It offers an impressive 10x points per dollar (equivalent to 4 air miles or 2.5% cashback) for online travel bookings, allowing you to accumulate points quickly for converting into air miles.

The 10x points benefit also applies to various online and contactless transactions, such as food delivery, dining, travel expenses, selected transport services, membership clubs, and shopping. An added bonus is the lifetime waiver of the annual fee, making it an attractive option for savvy travellers.

Best Rewards Credit Card for Online Shopping, Food and Groceries

Citi Rewards Credit Card

Citi Rewards Credit Card

Offering 10x rewards points (4 miles per S$1) on food, grocery, and online shopping, the Citi Rewards Credit Card is ideal for online spenders. Perfect for the work-from-home lifestyle, it also earns you 10x points on ride-hailing and in-store purchases at department stores and shopping centres.

Note that there's a monthly cap of 9,000 bonus points (S$1,000 at the 10x rate), and beyond that, you'll earn 1 point per dollar for other retail transactions.

Tips For Earning Credit Card Rewards Points

Choose The Right Card

Select the best credit card that aligns with your spending habits and lifestyle. Different cards offer rewards in specific categories like travel, groceries, dining, or general. So, identify which category you spend most in a month; doing so will narrow down your card options until you find the right one for you.

Sign-up Bonuses

Take advantage of sign-up bonuses offered by credit card companies. These bonuses often provide a large influx of points or miles when you meet a spending requirement within the first few months of opening the account. You may even set your spending requirements as your goal so you are sure to earn the bonus points by the end of the promo period.

Bonus Categories

Many credit cards have rotating or fixed bonus categories that offer higher reward rates for specific types of spending. Keep track of these categories and use the card that offers the best rewards for your purchases.

Shop Online For Online Spend Bonuses

Most credit card issuers nowadays have online shopping portals where you can earn additional rewards for purchases made through their links. Check these portals before making online purchases to see if you can earn extra points.

Combine Points and Miles Strategically

If you have multiple credit cards or loyalty programs, consider how you can combine points or miles for maximum value. Some programs allow you to transfer points between accounts or combine them for specific redemptions. You can also make the most of your spending by combining credit cards and choosing specific cards for different types of spending on which the card offers higher rebates.

Frequently Asked Questions about Rewards Credit Cards in Singapore

What's the difference between rewards points and cashback and miles?

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Rewards points are a type of loyalty currency earned by using a rewards credit card for eligible purchases. These points can be accumulated and redeemed for various benefits, such as travel rewards (airline miles, hotel stays), merchandise, gift cards, or statement credits. The value of points varies depending on the card and the redemption option chosen.

Cashback is a form of rewards where a percentage of the money spent on the credit card is returned to the cardholder. For example, if a card offers 2% cashback on all purchases, spending $100 would result in receiving $2 back as cashback. Cashback rewards are straightforward and can be used to reduce the credit card bill or deposited into a bank account.

Miles are rewards earned by miles credit cards on an assortment of bonus spend categories. Travel credit cards like DBS Altitude and HSBC TravelOne are common examples of miles credit cards. However, non-travel credit cards like UOB Lady’s / Lady’s Solitaire Card, HSBC Revolution Card, and Citi Rewards Card are top miles card choices as well. But essentially, miles can be accumulated and used for airline ticket redemptions, upgrades, hotel stays, or other travel-related benefits. The number of miles needed for a specific reward depends on the airline's frequent flyer program or the card issuer's travel partner.

Are rewards credit cards really worth it?

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Rewards credit cards can be worth it if you use them responsibly, align them with your spending habits, and maximise the benefits. Consider redemption options, annual fees, and your credit score impact. Paying your balance in full each month is crucial to avoid interest charges. Before you click ‘Apply Now’, evaluate perks and benefits to determine if a rewards credit card suits your needs.

Do reward credit cards help credit score?

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Yes, reward credit cards can help improve your credit score if used responsibly. Timely payments contribute positively to your payment history while maintaining a low credit card balance relative to your limit can reduce credit utilization, which also positively affects your score. 

The diversity added to your credit mix and the potential extension of your credit history by keeping a reward credit card for a more extended period also contribute to a positive impact. However, remember to manage your credit responsibly, avoid high balances, and be mindful of opening too many credit cards within a short timeframe, as this can have a negative effect on your credit score.

Is it better to get cashback or rewards?

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The choice between cashback and rewards credit cards depends on individual spending habits and preferences. Cashback cards offer straightforward benefits with cash returned on purchases, appealing to those who prefer simplicity and liquidity. Rewards cards typically offer points or miles that can be redeemed for various benefits like travel, merchandise, or gift cards, catering to those who enjoy maximizing rewards through strategic spending and redemption. 

Consider your priorities and how you prefer to use the benefits—whether immediate cash savings or diverse rewards—to determine which option best aligns with your financial goals and lifestyle.