Miles vs Cashback

Best Credit Cards in Your 20s

In your 20s the priorities are no fees, simple rewards, and never paying interest. A no-fee everyday card plus an optional first miles card for travel is a strong, low-risk setup.

  1. Rewards points

    Why it fits: No fee, rewards online and contactless spend — fits a phone-first lifestyle.

    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
  2. Cashback

    Why it fits: No fee, app-managed cashback on everyday essentials.

    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
  3. Why it fits: A first miles card for when travel ambitions kick in — miles never expire.

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

    Pros

    • +Citi Miles never expire, so no rush to redeem
    • +~2.2 mpd on foreign spend, good for travel
    • +Wide transfer-partner list for flexible redemptions
    • +Lounge access; first-year fee waived

    Cons

    • S$196.20 annual fee from year two onward
    • Low ~1.2 mpd on local spend
    • Not especially beginner-friendly

Frequently asked questions

How many cards should I have in my 20s?
Usually one is enough to start. Learn how you spend and how to pay in full, then add a second card with a clear purpose, like travel miles.
Should someone in their 20s get a miles card?
Only if you travel and will redeem the miles well. Otherwise a simple cashback card returns more for less effort.