10 Best Credit Cards in Singapore

The UOB One Card is good for consumers who reliably spend at least $2,000/month. With this credit card, average consumers with a consistent budget can efficiently maximise rewards and offset their future purchases. Furthermore, regardless of the level of expenditure, all cardholders can benefit from the UOB SMART$ Rebate Programme, which offers additional rebates with select merchants, such as Cold Storage, Cathay Cineplexes and Guardian, just to name a few.

The POSB Everyday Card is good for families with a highly diversified expenditure, for people with large food budgets, and for commuters seeking a convenient, all-in-one card. Consumers can earn rebates on dining, groceries, petrol, health and wellness, transport, and even recurring bills, which are often excluded from cashback rates. Particularly for those with a high volume of spend on daily essentials, the broad range of cashback opportunities will allow average consumers to quickly recoup the cost of the annual fee while continuing to earn rewards.

The Citi Cash Back card is good for people who spend a lot on food and transport, as well as consumers who balance eating in and dining out. It has one of the highest cashback at 8% for groceries, dining and petrol worldwide. This rebate applies to all transactions across dining and groceries, rather than limiting consumers to specific merchants. Hence, cardholders are easily rewarded for purchases that make up a significant portion of most household budgets.

No-Fee Rewards

The OCBC 365 card is good for people with broad spending habits who are seeking daily rebates, for consumers who spend about S$2,000/month, and for individuals looking to avoid paying a card fee. This card is one of the best everyday cashback cards on the market for average customers of an expenditure of around S$2,000/month. Moreover, it does not restrict cashback rates to specific merchants, so cardholders can shop and earn carefreely without worrying about which merchants will help them to best maximise their earnings.

For High Income Spenders

The Citi Cash Back+ card is good for affluent customers who spend S$7k+/month, for people who are interested in an easy-to-use flat rate card, and for those looking to avoid spend requirements or rewards caps. With an unlimited 1.6% cashback on every purchase with no minimum spend requirements for all local and overseas transactions, cardholders can earn rewards proportionate to their high spending. Compared to 1.5% cashback rate offered by comparable unlimited cards, this card’s higher rate allows cardholders to earn better rates overall.

The Standard Chartered Unlimited Cashback card is good for affluent consumers with S$7,000+ monthly spend, for people seeking easy cashback on all spend, and for commuters and people who spend on transport. High spenders who feel constrained by earnings caps should definitely consider getting this card, not only for its 1.5% unlimited rebate on all spend, but also for its great transport benefits. On top of fuel savings at Caltex, cardholders can also enjoy other transit benefits, such as from the card’s SimplyGo functionality, which provides another level of convenience.

The American Express True Cashback card is good for affluent consumers with large budgets, for people looking for a straightforward, easy-to-use card, and for Amex loyalists who prefer specific brand benefits. This card ensures all your spend earns unlimited rewards at a 1.5% flat rebate on all purchases, local and overseas. The promotion will double the cashback rates to 3% for the first 6 months, giving you a head start to your cashback earnings. In addition, Amex is known for its world-class Customer Service and Global Assist programs, plus dining and lifestyle privileges available through American Express Selects. Cardholders will be able to benefit from these perks, as well as True Cashback promotions, which cover everything from hotel and resort discounts to wedding specials.

Low Spenders

The OCBC Frank card is good for people who mostly shop online, for social consumers with high spend on local entertainment, and for people interested in a no-fee card. This card is by far the most accessible card on the market for young adults, due to its low minimum spend requirements (S$400) and easy fee waiver (with S$10,000 annual spend), as well as its easy no-fee way to earn cashback from social and online expenditure. For those who cannot reliably meet the higher minimum spend requirements for other cards, and who want cashback on entertainment which isn’t offered by other lower-minimum cards like the Citi SMRT card, the OCBC Frank card is definitely worth consideration.

The Citibank SMRT card is good for commuters who frequently use EZ-Link, young professionals with a modest budget, and lower spenders balancing essentials and leisure. Cardholders can quickly earn high rates even when on a budget, as it is one of the few cashback cards in the market with no minimum spend requirement. This card is also especially convenient for commuters because of its dual function as an EZ-Link Card. Overall, the Citi SMRT card is a great match for young professionals with a modest budget because of its tailored rebates and affordability.

Online / Mobile Pay

The DBS Live Fresh card is good for consumers who regularly use contactless payment methods (ie. Visa PayWave), for millennials seeking entertainment discounts and promotions, and for individuals who prefer an all-in-one card (cashback, ATM and EZ-Link). This card benefits tech-friendly consumers looking for hassle-free cashback across online and mobile wallet spend. With the functionality of an all-in-one card, it stands out for its convenience as well. Younger cardholders might also value the frequent nightlife promotions and discounts, such as exclusive Zouk privileges.

Frequently Asked Questions

Which credit card is best in Singapore?

The 10 best credit cards with the best rewards in Singapore include UOB One, POSB Everyday, Citi Cash Back, OCBC 365, Citi Cash Back+, Standard Chartered Unlimited Cashback, American Express True Cashback, OCBC Frank, Citi SMRT, and DBS Live Fresh.

Which credit card gives the best rebates in Singapore?

The credit cards with the best rebates in Singapore include UOB One, Maybank Family & Friends, Citi Cash Back, and POSB Everyday.

Which Visa Infinite card is best?

The best credit cards for high-earning business travellers include the HSBC Visa Infinite card and SC Visa Infinite card.

What is the hardest credit card to get?

The hardest credit card to get is the American Express Centurion Card, also known as the “Black Card”, as it goes by invitation.