Best Cashback Credit Cards in Singapore
Cashback is the simpler half of the rewards question — nothing to transfer, nothing to redeem, nothing that expires. The catch is that most Singapore cashback cards pay their advertised rate only above a monthly minimum spend and only up to a monthly cap, so the card that pays you most is the one that fits your actual spending pattern rather than the one with the biggest number on the page.
- 1Cashback
UOB One Card
UOB
Why it fits: Among the highest everyday rates here across dining, groceries, transport and online — if your spending is consistent enough to clear its minimum every month.
Annual fee S$196.20 · Min income S$30,000
Pros
- +Up to 10% cashback on selected merchants (Grab, McDonald's, SimplyGo, Shopee) plus groceries, with monthly minimum spend
- +Rewards consistent monthly spenders across everyday categories
- +Visa-based, so wide acceptance in SG and overseas
- +First-year annual fee waived
Cons
- −Annual fee S$196.20 from year two onwards
- −Top rates need consistent minimum quarterly spend
- −The 20% headline is a limited new-customer promo (first quarter); standing max ~10%
- 2Cashback
Why it fits: The broadest category coverage of these picks: dining, groceries, transport, petrol and utility bills on one card.
Annual fee S$196.20 · Min income S$30,000
Pros
- +Strong everyday cashback: 5% dining/food delivery, 3% groceries
- +Up to 6% cashback on petrol
- +Annual fee waived first 2 years, then on S$10k yearly spend
- +Cashback covers food delivery, not only dine-in
Cons
- −Needs roughly S$800/mo spend to earn bonus cashback
- −Monthly cashback cap limits how much you can earn
- −S$196.20 annual fee if yearly spend stays under S$10k
- 3Cashback
Citi Cash Back Card
Citibank
Why it fits: Concentrated on dining, groceries and petrol, for steady monthly spenders whose spending sits mostly in those three.
Annual fee S$196.20 · Min income S$30,000
Pros
- +8% cashback on petrol and private commute
- +6% cashback on dining and groceries
- +First-year annual fee waived (S$196.20 thereafter)
Cons
- −S$196.20 fee from year 2; needs ~S$800/mo min spend
- −Monthly cashback cap limits total rewards earned
- −Only 0.2% base rate outside narrow bonus categories
- 4Cashback
Standard Chartered Simply Cash Credit Card
Standard Chartered
Why it fits: Flat, uncapped cashback on everything, with no categories and no minimum to track. The simplest card on this page.
Annual fee S$196.20 · Min income S$30,000
Pros
- +1.5% flat cashback on all spend, no categories to track
- +Cashback is uncapped, no monthly limit
- +No minimum spend needed to earn rewards
- +Simple and beginner-friendly
Cons
- −Not free for life: S$196.20 annual fee after first year
- −Flat 1.5% is low vs category cards' higher tiered rates
- 5Cashback
American Express True Cashback Card
American Express
Why it fits: Uncapped flat-rate cashback with nothing to manage — useful as a catch-all for spending your category card doesn't cover.
Annual fee S$174.40 · Min income S$30,000
Pros
- +1.5% flat cashback on everything, uncapped, no min spend
- +3% intro cashback first 6 months, up to S$5,000 spend
- +First-year annual fee waived
- +Simple and beginner-friendly, no categories to track
Cons
- −S$174.40 annual fee from year two
- −1.5% base rate is low vs tiered cashback cards
- −Amex less widely accepted in Singapore than Visa/Mastercard
- 6Cashback
Trust Cashback Credit Card
Trust Bank
Why it fits: Genuinely no annual fee, fully app-managed, with a bonus category you can switch each quarter.
No annual fee · Min income S$30,000
Pros
- +No annual fee
- +Up to 15% cashback on 1 self-picked category per quarter
- +Fully managed in-app, no paperwork
- +Visa, widely accepted at home and abroad
Cons
- −15% rate needs ~S$2,000/mo spend, caps ~S$250/quarter
- −Only 1 preferred category; just 1% local / 0.5% foreign base
- −Foreign-spend cashback was cut in Mar 2026
Flat rate or categories: which one actually pays you more
A category card pays a high rate on a defined list — dining, groceries, transport, petrol — and a low base rate on everything else. A flat-rate card such as the Standard Chartered Simply Cash or American Express True Cashback pays the same modest rate on all spend, uncapped, with no minimum. The category card wins on paper. Whether it wins for you depends on how much of your spending genuinely falls inside its categories once you check a few months of statements rather than estimating.
The common answer for people who don't want to think about it is to hold one of each: a category card for the spending that qualifies, and a flat-rate card as the catch-all behind it. That only pays off if you'll actually remember which card to reach for. If you won't, a single uncapped flat-rate card with no annual fee earns less in theory and more in practice.
Minimum spend and the cap: where the headline rate goes to die
Two mechanics quietly decide what a category cashback card pays. The first is a monthly minimum spend: fall short in a given month and the card typically drops to a token base rate for that whole month, headline number irrelevant. The second is a monthly cap on how much cashback the bonus rate can generate; past it, further spending earns the base rate. Some cards also cap per category as well as overall.
Together these put a hard ceiling on a card that reads as unlimited. Before applying, ask the bank for the minimum spend, the overall monthly cap and any per-category caps, then work out what the card pays at your real monthly spend rather than at the level the marketing assumes. On modest or uneven spending, an uncapped flat-rate card with no minimum often pays more than a category card you keep missing the threshold on.
Cashback usually lands as a statement rebate, not as cash
On most Singapore cards, cashback is credited as a rebate against your next statement rather than paid into a bank account. In practice it reduces the bill instead of arriving as money you can move, and it typically shows up a statement cycle after the spending that earned it. If you're counting on it as income, that lag matters.
Two conditions usually attach. Excluded transactions — commonly things like insurance premiums, education fees, government payments, top-ups to payment wallets and anything treated as a cash advance — often earn nothing at all, and the exclusion lists differ by issuer. And rebates are generally forfeited if the account falls into arrears or is closed before the credit posts. Check the exclusion list against your biggest recurring bills before you assume a card covers them.
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Frequently asked questions
- What's the best cashback credit card in Singapore?
- It depends on whether your spending concentrates in bonus categories or spreads across everything. If most of your spending is dining, groceries, transport or petrol and comfortably clears a monthly minimum, a category card pays more. If your spending is modest, uneven or spread thin, an uncapped flat-rate card with no minimum usually pays more in practice. Confirm current rates, caps and minimums with the issuer.
- Is cashback better than miles?
- For most people who don't fly often, yes. Cashback pays out on every statement regardless of what you do next, while miles are only worth more per dollar if you redeem them well and actually take the trip. If you travel regularly and redeem for premium cabins, miles can be worth considerably more — our miles-versus-cashback guide works through the comparison.
- Do cashback cards have a minimum spend?
- Most category cashback cards do: miss the monthly minimum and the card usually pays only a token base rate for that month. Flat-rate cards like the Standard Chartered Simply Cash and American Express True Cashback are the exception, paying the same rate from the first dollar with no minimum. Ask the bank for the exact threshold before applying.
- Does cashback expire?
- Cashback credited to your statement is spent, so there's nothing left to expire. Where cashback accrues in a pool before being credited, it can be forfeited if the account is closed or falls into arrears before it posts, and some cards require a minimum accrued amount before crediting. Check your card's terms for how and when the rebate is actually paid out.