Miles vs Cashback

Best Credit Cards for Families in Singapore

Families spend most on groceries, dining, transport and bills, so a cashback card that rewards those categories usually beats a miles card. Watch the minimum-spend requirements and monthly caps.

  1. Why it fits: Broad everyday cashback across dining, groceries, transport and bills.

    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
  2. Cashback

    Why it fits: High cashback for consistent monthly household spenders.

    Annual fee S$196.20 · Min income S$30,000

    Pros

    • +Up to 20% cashback on dining, groceries, transport, online
    • +~10% cashback on the ongoing standard tier
    • +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, not flat
    • Headline 20% is spend-tiered + partly a new-customer boost
  3. Why it fits: Pick your own bonus categories to match your family's spending.

    Annual fee S$196.20 · Min income S$30,000

    Pros

    • +Up to 8% cashback on 5 categories you pick from 10
    • +Annual fee S$196.20 waived for first 3 years
    • +Mastercard: widely accepted locally and overseas

    Cons

    • 8% tier needs S$1,600/mo min spend from Jan 2026 (was S$800)
    • Monthly cashback cap limits total rewards earned
    • Groceries capped at 6%, not the full 8%
  4. Cashback

    Why it fits: Strong on dining, groceries and petrol for steady monthly spend.

    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

Frequently asked questions

Are cashback or miles cards better for families?
For most families, cashback wins — everyday grocery, dining and transport spend earns guaranteed returns without the effort of redeeming miles well. Miles suit families that travel often.
What's the catch with high-cashback family cards?
Top rates usually need a minimum monthly spend and are capped, so the headline rate isn't earned on everything. Check the minimum spend and cap before applying.