Compare the Best Cashback Credit Cards in Singapore 2024

Compare all cashback credit cards to see which one gives you the highest cash back based on your spending habits. Read More
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We found 36 Credit Cards for you!
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Standard Chartered Simply Cash Credit Card
MoneySmart Exclusive
2% UPSIZED CASHBACK | EXCLUSIVE TO MONEYSMART ONLY

Standard Chartered Simply Cash Credit Card

Cash Back on Eligible spend
Up to 2%*
Min. Spend per month
S$0
Cash Back Cap per month
Unlimited

[UPSIZED 2% CASHBACK | FLASH DEAL]
For a limited time get UPSIZED S$400 Cash via PayNow when you are the first 10 customers to apply, meet the spend criteria and submit the claim form daily! T&Cs apply.
 
The rest will still get S$380 Cash or 5,040 SmartPoints! Use SmartPoints to redeem your favourite product from our Rewards Store today.
 
PLUS earn UPSIZED UNLIMITED 2% CASHBACK on your purchases charged to your credit card when you spend above S$500! Only for MoneySmart applicants!

Valid until 01 Dec 2024 - See more details below
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HSBC Live+ Card
MoneySmart Exclusive
Up to 8% Cashback | Instant Activation*
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HSBC Live+ Card

on Dining, Shopping and Entertainment
8% Cashback*
on fuel at Caltex and Shell gas stations in Singapore
5% Cashback*
on All Other Spends
0.3% Cashback*

[Unlock Exclusive Rewards with HSBC]
Stand a chance to win the LATEST MacBook Pro M4 14” (S$2,199), Apple iPad Pro 11" 256GB (S$1,499) or Apple Watch Ultra 2 (S$1,199) when you fulfill the campaign requirements. T&Cs apply.
 
Be the first 30 successful applicants to apply and receive an Apple Watch SE (worth S$382.50). T&Cs apply.
 
PLUS, apply now and get a 1 + 1 Samsonite Luggage (worth S$1,000) or S$200 cashback from HSBC. T&Cs apply.
 
Additionally, enrol in our Rollin’ Rewards campaign today and stand a chance to score an additional 7,460 SmartPoints.

Valid until 30 Nov 2024 - See more details below
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Citi Cash Back+ Card
MoneySmart Exclusive
ASCOTT MILLIONAIRE LUCKY DRAW | EXCLUSIVE TO CITI
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Citi Cash Back+ Card

Cash Back on Eligible Spend
1.6%
Min. Spend per month
S$0
Cash Back Cap
Unlimited

[MoneySmart x Ascott Travel Like A Millionaire Lucky Draw]
Get S$350 Cash or 5,040 SmartPoints in as fast as 5 weeks when you meet the spend criteria. T&Cs apply. PLUS stand a chance to win up to $6,500 worth of Staycay, Flights and Rewards! T&Cs apply.
 
Additionally, enrol in our Rollin’ Rewards campaign today and stand a chance to score an additional 7,460 SmartPoints. That’s a grand total of 12,500 SmartPoints if you apply today.

Valid until 30 Nov 2024 - See more details below
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Maybank Family & Friends Card
MoneySmart Exclusive
Earn up to 8% Cashback

Maybank Family & Friends Card

globally on 5 preferred cashback categories
Up to 8% Cashback
on Malaysian Ringgit and Indonesia Rupiah spend
Up to 8% Cashback
Cashback Per Month
Up to S$150

[EXCLUSIVE ADDITIONAL GIFTS FOR MONEYSMART APPLICANTS]
Get S$20 iShopChangi voucher when you are among the first 300 approved applicants to apply & spend a min. of S$1,300 within 2 months from card approval date! T&Cs apply.
 
PLUS get S$200 Cashback or a Samsonite ENOW SPINNER 69/25 Luggage (worth S$570) from Maybank when you meet the spend criteria! T&Cs apply.

Valid until 30 Nov 2024 - See more details below
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UOB One Card
Online Promo
UPSIZED CASHBACK | Up to 20% Cashback!

UOB One Card

Cashback on McDonald's, DFI Retail Group, Grab, Shopee, SP and more
Up to 20%
Cashback Cap per quarter
Up to S$500
Min. Spend per month
S$500
Online Promo:

New-to-UOB credit card customers can receive an AirPods Pro and AirTag (2 units) worth S$439 when you spend a min. of S$1,000 on the card in the first 30 days from the card’s approval date and pay the annual fee for the card’s 1st year membership. SMS registration to participate in this promotion required. T&Cs apply.

OR get S$350 Cash Credit when you are the first 200 new-to-UOB customers to apply and spend a min. of S$1,000 per month for 2 consecutive months from their card approval date. SMS registration required.

• Enjoy up to 20% Cashback at DFI Retail Group, Grab, McDonald's, Shopee and SimplyGo when you apply from 1 Sept to 31 Dec 2024. Other T&Cs apply.
• Get S$50 worth of GrabRide vouchers when you are the first 2,000 customers to charge a min. of S$1,500 worth of insurance/ school transactions on your card. T&Cs apply.
Valid until 30 Nov 2024 - See more details below
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UOB Absolute Cashback Card
Online Promo
Unlimited 1.7% Cashback

UOB Absolute Cashback Card

Cash Back on Eligible Spend
1.7%
Min. Spend per month
S$0
Cash Back Cap
Unlimited
Online Promo:
Get a Samsonite EVOA Z Spinner 25'' Exp Luggage (worth S$730) when you apply for a UOB Absolute Cashback Card, spend min. S$1,000 spend per month for 2 consecutive months from card approval date AND pay the first year annual fee payment of S$180 (subject to prevailing GST). SMS Registration required. T&Cs apply.

PLUS enjoy 5% cashback (capped at S$50) on the transactions charged within thirty days from card approval date. No cap on the number of eligible customers. 
Valid until 30 Nov 2024 - See more details below
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UOB EVOL Credit Card
Online Promo
Up to 10% Cashback

UOB EVOL Credit Card

on Online, Mobile Contactless, Overseas in-store FX spend
10% Cashback
Cash Back Cap per month
Up to S$80
Min. Spend per month
S$800
Online Promo:
Get a GoPro HERO13 (worth S$590) when you are the first 100 new-to-UOB Credit Cardmembers in each calendar month from 1 September 2024 to 30 November 2024 to successfully apply for a UOB EVOL Card and spend a min. of S$800 per month for the 3 first consecutive months from their card approval date. T&Cs apply.
Valid until 30 Nov 2024 - See more details below
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American Express True Cashback Card
Unlimited Cashback

American Express True Cashback Card

on up to $5,000 spend in the first 6 months for new Card Members.
3.0% Cashback
all subsequent eligible purchases
1.5% Cashback
Cash Back Cap
Unlimited
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Citi Cash Back Card
MoneySmart Exclusive
ASCOTT MILLIONAIRE LUCKY DRAW | EXCLUSIVE TO CITI

Citi Cash Back Card

Cash Back on Groceries, Petrol & Private Commute
Up to 8%
Total Cash Back Cap, per month
S$80
at Caltex, Shell & Esso
Up to 23.64% savings

[MoneySmart x Ascott Travel Like A Millionaire Lucky Draw]
Get S$350 Cash or 5,040 SmartPoints in as fast as 5 weeks when you meet the spend criteria. T&Cs apply. PLUS stand a chance to win up to $6,500 worth of Staycay, Flights and Rewards! T&Cs apply.
 
Additionally, enrol in our Rollin’ Rewards campaign today and stand a chance to score an additional 7,460 SmartPoints. That’s a grand total of 12,500 SmartPoints if you apply today.

Valid until 30 Nov 2024 - See more details below
Apply Now
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HSBC Advance Credit Card
MoneySmart Exclusive
Earn up to 2.5% Cashback | Instant Activation*

HSBC Advance Credit Card

Base Cashback
1.5%
Cashback when you spend more than S$2,000
2.5%
Cashback Cap per month
S$70

[Unlock Exclusive Rewards with HSBC]
Stand a chance to win the LATEST MacBook Pro M4 14” (S$2,199), Apple iPad Pro 11" 256GB (S$1,499) or Apple Watch Ultra 2 (S$1,199) when you fulfill the campaign requirements. T&Cs apply.
 
Be the first 30 successful applicants to apply and receive an Apple Watch SE (worth S$382.50). T&Cs apply.
 
PLUS, apply now and get a 1 + 1 Samsonite Luggage (worth S$1,000) or S$200 cashback from HSBC. T&Cs apply.
 
Additionally, enrol in our Rollin’ Rewards campaign today and stand a chance to score an additional 7,460 SmartPoints.

Valid until 30 Nov 2024 - See more details below
Apply Now
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Standard Chartered Smart Credit Card
MoneySmart Exclusive
Earn up to 6% Cashback

Standard Chartered Smart Credit Card

Cashback from Netflix, Spotify, fast food joints and more. *T&Cs apply.
6%*
Annual Fee
S$0
Minimum Spend
S$0

Get S$230 Cash via PayNow or 2,990 SmartPoints when you apply and spend a min. of S$500 in eligible transactions within 30 days from card approval date. T&Cs apply. PLUS stand a chance to win a Porsche Taycan Base (model year 2025) in SC Million Reasons to be Happier! T&Cs apply.
 
Additionally, enrol in our Rollin’ Rewards campaign today and stand a chance to score an additional 7,460 SmartPoints. That’s a grand total of 10,450 SmartPoints if you apply today.

Valid until 30 Nov 2024 - See more details below
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CIMB World Mastercard
Online Promo
Unlimited 2% Cashback

CIMB World Mastercard

Unlimited Cashback on the following categories (Wine & Dine, Online Food Delivery, Movies & Digital Entertainment, Taxi & Automobile, Luxury Goods)
Up to 2%
Min. spend per month to qualify for 2% Cashback
S$1,000
Cash Rebate cap
Unlimited
Online Promo:
Get up to S$188 Cashback when you spend a minimum of S$988 in Eligible Transactions within 60 days from card approval date. T&Cs apply.
Valid until 31 Jan 2025 - See more details below
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DBS Live Fresh Card
Online Promo
Shopping and Transportation

DBS Live Fresh Card

on Shopping & Transport Spend
Up to 6% cashback
Cashback Cap
Up to S$70
Min. Spend per month
S$800
Online Promo:
Get S$150 cashback from DBS when you apply and make the min. spend of S$800 within 60 days of card approval. T&Cs apply.
Valid until 31 Jan 2025 - See more details below
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CIMB Visa Signature
Online Promo
Up to 10% Cashback

CIMB Visa Signature

Cash Back on Beauty & Wellness, Online Shopping, Groceries
10%
Min. spend per month to qualify for the 10% Cash Back
S$800
Cash Back Cap per month
S$100
Online Promo:
Get up to S$188 Cashback when you spend a minimum of S$988 in Eligible Transactions within 60 days from card approval date. T&Cs apply.
Valid until 31 Jan 2025 - See more details below
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CIMB Visa Infinite
Online Promo
Unlimited 2% Cashback

CIMB Visa Infinite

Unlimited cashback on Travel, Overseas & Online Spend in Foreign Currency
2%
Min. spend per month
S$2,000
Cash Rebate cap
Unlimited
Online Promo:
Get up to S$188 Cashback when you spend a minimum of S$988 in Eligible Transactions within 60 days from card approval date. T&Cs apply.
Valid until 31 Jan 2025 - See more details below
Apply Now
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OCBC Frank Card
Earn up to 10% cashback

OCBC Frank Card

Cash Back
Up to 10%
Cash Back Cap per month
S$100
Min. Total Spend per month
S$800
Read More
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POSB Everyday Card
Online Promo
Earn Cash Rebates that Never Expire

POSB Everyday Card

Cash rebates on Online Food Delivery
Up to 10%
Cash Rebates on Groceries from Sheng Siong
Up to 5%
Cash Rebate on Online Shopping
Up to 5%
Online Promo:
Get S$150 Cashback when you apply and make the min. spend of S$800 within 60 days of card approval. T&Cs apply.
Valid until 31 Jan 2025 - See more details below
Apply Now
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DBS Vantage Visa Infinite Card
Online Promo
Miles or Cashback – you decide

DBS Vantage Visa Infinite Card

Local Spend
S$1 = 1.5 miles or 1.5% cashback
Overseas Spend
S$1 = 2.2 miles or 2.2% cashback
when you pay the Card's Annual Fee
25,000 Bonus Miles
Online Promo:
Get up to 60,000 miles (for New Cardmembers) or up to 40,000 Miles (Existing Cardmembers) when you sign up and make a min. spend of S$4,000 within 30 days of card approval and payable annual fee required. T&Cs apply.
Valid until 31 Jan 2025 - See more details below
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OCBC 365 Credit Card
High Spend on Dining

OCBC 365 Credit Card

Cashback on Fuel Spends
6%
Cashback on Everyday Dining
5%
with min. spend of $1,600 per month
Unlock up to $160 Cashback
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OCBC INFINITY Cashback Card
Earn 1.6% unlimited cashback

OCBC INFINITY Cashback Card

on eligible transactions
Earn 1.6% Cashback
Min. Spend
S$0
Cashback Cap
Unlimited
Read More
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Disclaimer: At MoneySmart.sg, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.

Best Cashback Credit Cards Singapore

Best Credit Cards for Everyday Use

In order to maximize your credit card rewards, it is often a good choice to combine multiple credit cards each specializing in a particular spending type or card feature that best suits your lifestyle. Avoid paring Miles credit cards with Cashback credit cards since these reward types are incompatible. Points credit cards, on the other hand, are more flexible as they can be used to either get cash rebates on specific merchants or convert points into miles to redeem free flight tickets.

Cashback

Cashback Credit Cards

  1. Citi Cash Back Card: Use for grocery shopping worldwide
  2. UOB One Card: Use for pumping petrol at SPC and Shell
  3. OCBC 365 Credit Card: Use for spending on everyday dining

Reward Points

Reward Points Credit Cards

  1. Citi Rewards Card: Use for retail shopping to earn extra miles
  2. American Express CapitaCard: Use for shopping at CapitaLand Malls to earn cash rebates
  3. DBS Woman's World Card: Use for free gym memberships

Air Miles

Miles Credit Cards

  1. Citi PremierMiles Visa Card: Use for online hotel and flight bookings
  2. UOB PRVI Miles Card: Use for general local spend

Compare the best credit cards for miles using Moneysmart's online comparison tool

Which is the Best Cashback Credit Card?

Despite all these frightening terms & conditions, cashback credit cards are actually good entry-level cards for everyday use - once you understand what you’re signing up for, that is. They typically come with low-income requirements (usually around $30,000 annually) which most young working adults can hit fairly easily, and in most cases, annual fees are waived.

You also don’t need to spend a huge amount of money in order to enjoy cash rebates. The secret is in choosing the best cash back credit card for you. To get the most out of your cashback credit card, pick one that is perfectly aligned to your actual spending habits. For example, if you spend a lot on clubbing or online shopping, look for a card that offers hefty bonus cashback rates on these categories or merchants.

If you are not a particularly big spender in any one category (or you simply can’t predict your spending patterns), go for one with a high base cashback rate, provided you can meet the minimum spend requirements.

How Do Cashback Credit Cards Work?

Rather than offering rewards points or air miles like other credit cards, a cashback credit card rewards you with a cash rebate instead. This amount is credited to your account, effectively giving you a discount off your credit card bill. New to the world of cash back credit cards? Here’s the lingo you should know before you jump in:

Basic Cashback

Also known as “base rate”, this is the standard cash rebate you can expect to receive on your purchases, regardless of when, where, how or with whom it’s made. Typically this falls around 0.25%. Pathetic, right?

Introductory offers

Some cards offer introductory cashback promotions, such as a higher cashback rate for the first few months, or maybe a bonus rebate when you make your first purchase. Be aware of the limited nature of these promotions and of any terms and conditions.

Bonus Cashback

Here’s where the real cash rebates are. Bonus cashback is awarded when you perform specific types of spending (e.g. online purchases or telco bills) or with the bank’s partner merchants (e.g. Grab or Income FairPrice). These are awarded on top of the base cash rebate and can be pretty high - as much as 10%.

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Can You Really Get Unlimited Cash Back?

In most cases, no. Cashback credit cards come with loads of terms and conditions, which you’ll need to check before signing up. Not only do banks set limits on how much cash rebates you can get, but there are also additional requirements to fulfill each month. (Expected lah. If banks gave away money too freely, they wouldn’t be in business, right?. Here’s what to look out for:

Cashback Cap

Credit card issuers often have a cap on how much cash rebate you can earn each month. Some are evenly split by bonus category. You may be surprised to find that your 10% foodpanda cashback is capped at $15! Look at the cap, then work backward and figure out how much you can spend on the card before you hit the cap.

Minimum Spend

Many cashback credit cards require you to spend this amount before you qualify for the advertised cashback rates. These can range from reasonable amounts like $500 or $600, to hefty sums like $2,000 a month. If your planned expenditure is nowhere near that minimum, it makes little sense to apply for the card.

Cashback Categories

It’s very important to make sure that your credit card’s bonus cashback categories/merchants reflect your actual spending habits. An 8% rebate at supermarkets isn’t very useful if you mostly dine out. And if you usually pump petrol at Shell, then for goodness’ sake don’t get a credit card offering cash rebates at Caltex.

Frequently Asked Questions

What does it mean to get cash back on a credit card?

No, you won’t get your cashback credited into your bank account (or receive a wad of money in the mail, for that matter). Cash back credit cards don’t work that way, sadly. You won’t get actual “cash” that you can see and use right away. Instead, you’ll get the amount credited back to you on your card. When your cashback is in, your credit card statement will reflect a positive charge. In other words, you’ll have $X of credit to use for free. This basically gives you a discount off your next bill, so you’ll need to continue using your credit card after the cashback comes in.

What’s the highest cash back you can get with a credit card?

Cashback credit cards in Singapore are extremely competitive and dynamic. Just a year ago, 5% cashback seemed like a very generous offer, but by today’s standards, it’s bordering on misery. Banks have really upped their game especially when it comes to a merchant- or category-specific cashback. These days, it’s not uncommon to see 10% rebates or even 12%. However, many of these generous sounding rebates have tons of restrictions, most commonly minimum spends, cash back caps, and expiry dates. So they’re not THAT easy to get hold of.

Is it worth getting a cash back credit card?

This is a totally subjective matter and it really, really depends on how you like to be rewarded. There are two main camps out there - Team Cashback and Team Air Miles. Team Cashback likes instant gratification. These are the folks who feel good about life when they snag a cup of bubble tea for $2.50 instead of $3. On the other hand, those on Team Air Miles would rather not waste time with small discounts and aim for big “prizes”, like free Business Class flights, and don’t mind playing the long game for a big payoff at the end. So ultimately, the only person who can say it’s worthwhile to get a cashback credit card is YOU.

Which is the best: Standard Chartered Unlimited Cashback vs Citi Cashback vs AMEX True Cashback?

The best cashback credit card is the best one that fits your lifestyle perfectly. If you’re the type who would always tap your card for every payment, look into Standard Chartered Simply Cash Credit Card. There’s no cap, so can shop all you want and earn unlimited cashback. When it comes to dining out, groceries and petrol, the Citi Cashback credit card takes the top spot. The AMEX True Cashback credit card is rather straightforward. They give out 1.5% cashback with no minimum spend, no cap and no strings attached. So if you want an uncomplicated card, this card is for you.

How to choose the best cashback credit card?

Shop around and compare the best cashback credit cards. Check the categories that you usually spend on and the cashback rate. Then go for the one that matches your spending habits.

Is paying the minimum balance bad?

Because credit cards are effectively short-term loans, you are meant to pay off your bills in full every month. If you make only the minimum payment each month, you may accrue huge additional costs on top of your bill due to the credit card’s interest rate (typically 24%+)!

Does paying only minimum balance affect credit score?

Yes, If you plan to apply for any kind of credit or loan (such as a housing loan or car loan) in the future, be aware that any “bad behavior” with your credit card can come back to haunt you in the form of a bad credit score.