This article breaks down the best credit cards with the best rewards in Singapore. You MUST read this article before you get a credit card in Singapore!
Overview
| Cashback Rewards | UOB One, POSB Everyday, Citi Cash Back |
| No-Fee Rewards | OCBC 365 |
| For High Income Spenders | Citi Cash Back+, Standard Chartered Unlimited Cashback, American Express True Cashback |
| For Low Spenders | OCBC Frank, Citi SMRT |
| For Online / Mobile Pay | DBS Live Fresh |
Cashback Rewards
1. UOB One
| Best For | Flat Rebate Rate |
| Annual Fee | $192.60, 1-Year Waiver |
| Annual Income Requirement | Locals: $30,000 Foreigners: $40,000 |
| Card Details | – 5% rebate (S$300/qtr) with S$2,000/mo. min. spend for 3 mo. – +5% rebate on Grab & select UOB Travel (up to 10%) – +1% rebate on recurring utilities (up to 6%) – 3.33% rebate (S$100/qtr) with S$1,000/mo. min. spend for 3 mo. – 3.33% rebate (S$50/qtr) with S$500/mo. min. spend for 3 mo. – 0.03% rebate on all spend if no rebate earned for calendar year – UOB SMART$ Rebate Programme for additional savings – Complimentary travel insurance |
| Promotions | – Receive S$150 cash credit w/ S$1.5k spend in 1st mo (first 800 sign-ups) via our partnership w/ SGSaver – Bonus +5% rebate (up to 10%) on Grab & UOB Travel Planner – Bonus +1% rebate (up to 6%) on Singapore Power utilities bill |
| Website | https://www.uob.com.sg/onecards/uob-one-credit-card.html |
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.
2. POSB Everyday
| Best For | Rebates on Essentials + SimplyGo / ABT |
| Annual Fee | $192.60, 1-Year Waiver |
| Annual Income Requirement | Locals: $30,000 Foreigners: $45,000 |
| Card Details | – 15% rebate on online food delivery & online food catering – 5% on dining (restaurants, cafes, fast food outlets, hawker centres & more) – 5% on online groceries (via Amazon Prime Now, Redmart, etc) & at major supermarkets & hypermarkets – 5% rebate on Sheng Siong groceries – 3% rebate on personal care at Watsons – 1% rebate on recurring bills (Best Electricity, Geneco, Ohm, iSwitch, Tuas Power, Union Power, SP Group, StarHub), capped at S$1/month – Up to 20.1% fuel savings at SPC – 0.3% base rate on all other spend, unlimited – 0% interest instalment plan with no processing fee – SimplyGo/ABT capabilities for public transit fares |
| Promotions | – S$220 cashback w/ promo code “SHOP220” via our partnership with SGSaver – Receive 8% off online shopping by reaching monthly Personalised Spend Goal online (rewards capped at S$16-S$120/mo) |
| Website | https://www.posb.com.sg/personal/cards/credit-cards/posb-everyday-card |
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.
3. Citi Cash Back
| Best For | Cashback for Global Food + Transport |
| Annual Fee | $192.60, 1-Year Waiver |
| Annual Income Requirement | Locals: $30,000 Foreigners: $42,000 |
| Card Details | – 8% cash back on dining, groceries & petrol (worldwide) – 0.25% cash back on all other retail transactions – S$75 monthly earnings cap – Free travel insurance – Up to 20.88% fuel savings at Esso & Shell in SG – Citibank Gourmet Pleasures & Citi World Privileges |
| Promotions | – Free S$300 cash via PayNow (new customers) via our partnership with SGSaver – S$30 cash via PayNow (existing customers) |
| Website | https://www.citibank.com.sg/gcb/credit_cards/dividend-card.htm |
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
4. OCBC 365
| Best For | No-Fee Rebates on Essentials |
| Annual Fee | $192.60, 2-Year Waiver, + Subsequently With $10,000 Annual Spend |
| Annual Income Requirement | Locals: $30,000 Foreigners: $45,000 |
| Card Details | – 6% rebate on dining & online food delivery – 3% rebate on groceries, land transport, online travel, recurring telco & electricity bills – 0.3% rebate on EZ-Link and Transitlink, up to S$0.6/month – 0.3% rebate on general spend – S$800 minimum spend to access elevated rates – S$80 monthly cap on earnings – Free travel insurance – Visa Concierge & Signature Privileges – Up to 23% fuel savings at Caltex, 20.4% at Esso, 5% at other stations |
| Promotions | – Free S$100 Grab Food Voucher (new customers) via our partnership with SGSaver – Free S$50 cash w/ S$300 min. spend in 1st mo (existing customers) – Boost to 6% cashback on groceries & at convenience stores |
| Website | https://www.ocbc.com/personal-banking/cards/365-cashback-credit-card |
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
5. Citi Cash Back+
| Best For | Top Limitless Rebate Rate |
| Annual Fee | $192.60, 1-Year Waiver |
| Annual Income Requirement | $30,000 |
| Card Details | – Earn 1.6% cashback on local and overseas spend – No minimum spend requirements – No cap on cashback earned – Citi World Privileges – Citi Gourmet Pleasures – Free travel insurance |
| Promotions | – Free S$300 cash via PayNow (new customers) via our partnership with SGSaver – S$30 cash via PayNow (existing customers) |
| Website | https://www.citibank.com.sg/gcb/credit_cards/cashback-plus-card.htm |
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.
6. Standard Chartered Unlimited Cashback
| Best For | Unlimited Rebates + Transport Perks |
| Annual Fee | $192.60, 2-Year Waiver |
| Annual Income Requirement | Locals: $30,000 Foreigners: $60,000 |
| Card Details | – 1.5% flat cashback, unlimited – No minimum spend requirement – Up to 21% fuel savings with Caltex – Exclusive MasterCard Privileges – Dining Privileges (up to 50% discounts) |
| Promotions | – Receive Jabra Elite Active 75T Wireless Earbuds + S$20 cashback w/ MyInfo application (via partnership w/ SGSaver) – S$50 Grab vouchers for existing customers |
| Website | https://www.sc.com/sg/credit-cards/unlimited-cashback-credit-card/ |
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.
7. American Express True Cashback
| Best For | Unlimited Cashback + Wedding Perks |
| Annual Fee | $171.60, 1-Year Waiver |
| Annual Income Requirement | Locals: $30,000 Foreigners: $60,000 |
| Card Details | – 1.5% unlimited cashback on all spend – 3% cashback on 1st S$5,000 spend (up to S$150) – No minimum spend requirement – Up to 22.2% fuel savings at SPC – Free travel insurance – American Express Selects, 24-Hr Customer Care & Global Assist |
| Promotions | – Earn +1% cashback boost on foreign currency transactions (for 2.5% total rebate) – Welcome bonus of 3% cashback on up to S$5k spend in 1st 6mo – Receive S$60 CapitaVoucher w/ S$1k spend in 1st mo (new customers); existing customers receive S$30 voucher |
| Website | https://www.americanexpress.com/sg/credit-cards/true-cashback-card/ |
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
8. OCBC Frank
| Best For | Easy No-Fee + Low Min. Spend Requirement |
| Annual Fee | $80.0, 2-Year Waiver, + Subsequently With $10,000 Annual Spend |
| Annual Income Requirement | Locals: $30,000 Foreigners: $45,000 |
| Card Details | – 6% rebate on online spend, local & overseas (exclusions apply) – 5% weekend rebate at local entertainment establishments & select cafes (3% weekdays) – 0.3% base rebate for all other spend (including offline overseas) – S$400 minimum offline spend required to unlock elevated rates – Rebates capped at S$60/month – 120 unique card designs, tailored to young adults |
| Promotions | – Receive & use card instantly when you apply via MyInfo |
| Website | https://www.frankbyocbc.com/products/cards/credit-card |
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.
9. Citi SMRT
| Best For | Top Rebates for Young Professionals |
| Annual Fee | $192.60, 2-Year Waiver |
| Annual Income Requirement | Locals: $30,000 Foreigners: $42,000 |
| Card Details | – EZ-Link compatible with 2% rebate Auto Top-Up (min S$30) – Up to 7% rebate on groceries (min $50) at FairPrice, FairPrice Xtra Kallang Wave, Giant, Sheng Siong – Up to 5% rebate at select café & fast food chains (BreadTalk, Burger King, KFC, McDonald’s, Pizza Hut, PastaMania, Sakae Sushi, Subway, Coffee Club, Dome Café, Gloria Jean’s Coffee, Starbucks, Coffee Bean & Tea Leaf, The Connoisseur Concerto, Toast Box) – Up to 5% rebate at select cinemas (Cathay Cineplexes, Filmgarde, Golden Village, Shaw Theatres) – 3% rebate on online shopping (excluding travel bookings) – Up to 14% off on petrol at Esso and Shell – 2% rebate at Watson’s, Guardian, NTUC Unity Healthcare, GNC, Nature’s Farm – No minimum spend requirement – S$600 cap on SMRT$ rebate annually – Citibank Gourmet Pleasures & Citi World Privileges |
| Promotions | – Receive up to S$120 cashback with S$1.2k min. spend in 1st 3mo |
| Website | https://www.citibank.com.sg/gcb/credit_cards/smrt-credit-card.htm |
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
10. DBS Live Fresh
| Best For | Easy Rebates for Modern Spenders |
| Annual Fee | $192.60, 1-Year Waiver |
| Annual Income Requirement | Locals: $30,000 Foreigners: $45,000 |
| Card Details | – 5% cashback on online shopping spend, capped at S$20/month – 5% cashback on Visa payWave purchases (Apple Pay, Samsung Pay, Google Pay, etc), capped at S$20/month – 0.3% cashback on general spend, capped at S$20/month – All-in-one card (cashback, ATM, SimplyGo functionality) |
| Promotions | – S$220 cashback w/ promo code “SHOP220” via our partnership with SGSaver – Receive 8% off online shopping by reaching monthly Personalised Spend Goal online (rewards capped at S$16-S$120/mo) |
| Website | https://www.dbs.com.sg/personal/cards/credit-cards/live-fresh-dbs-visa-paywave-platinum-card |
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.
