Best No-Annual-Fee Credit Cards
Many cards advertise a "free" first year but charge a fee afterward. These are genuinely no-annual-fee — nothing to track, nothing to waive — making them low-risk keepers.
- Rewards points
Why it fits: Permanently no annual fee, with strong online and contactless rewards.
No annual fee · Min income S$65,000
Pros
- +No annual fee, permanent — no waiver to chase
- +Up to 4 mpd (10X points) on online/contactless spend
- +Beginner-friendly, simple day-to-day
- +Rewards points convertible to miles via Visa
Cons
- −4 mpd capped at ~S$1,000/month spend
- −High rate limited to eligible online/contactless spend
- −Low base earn ~0.4 mpd on everything else
- 2Cashback
Trust Cashback Credit Card
Trust Bank
Why it fits: No annual fee, app-managed, with a flexible bonus category.
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
Frequently asked questions
- Which credit cards have no annual fee in Singapore?
- A few are genuinely fee-free for life (rather than just a first-year waiver). They're a low-risk choice since there's no fee to recoup — but always confirm the current terms.
- Is a no-fee card worth it?
- Yes, as a low-commitment keeper — there's no annual cost to justify. Just make sure its rewards match how you spend.