Best Cashback Credit Cards in Singapore 2021

One of the best features of UOB One Card is that cardholders can ‘double’ their rebates through UOB SMART$ Programme, which also earns SMART$ credits with select merchants, which then offset future purchases. With UOB One Card, consumers can make the most of their daily spend, while only paying a S$192.6 annual fee. Overall, this card is the best flat rebate option on the market for average spenders.

Cashback categories include groceries, dining, transport, data communication, retail and pets, online fashion, entertainment and pharmacy and wellness. Cashback is capped at S$25 per category, which adds up to a total monthly cashback of S$125 ,or S$1,500 per year. Another benefit of the card is its S$180 annual fee is waived for the first 3 years.

One drawback is that consumers must spend S$800/month to unlock these rates and general spend earns just 0.25% cashback. There is a S$192.60 fee, which is only waived 1 year. These features may make Citi Cash Back Card slightly less accessible for some consumers. Overall, however, this card stands out for rewarding top spend categories with great rates, with the potential to earn up to S$960/year in cashback.

Customers can also earn an additional 1% bonus cashback when they deposit a minimum of S$2,000 per month in fresh funds to their HSBC Everyday Global Account and charge five transactions to their HSBC Advance Credit Card monthly. When these qualifying criteria are met, you can earn a total cashback of 3.5% with a monthly cap of S$300, which is S$3,600 savings per year – the highest earning potential for a capped card on the market! Ultimately, HSBC Advance Card stands out because it allows Advance customers to earn more cashback per month than with most competitors (who frequently limit rewards to S$100/month) and provides a higher flat rate than most unlimited cards.

There is a pretty high annual fee of S$374.50. However, with no minimum spend requirement, cardholders can instantly start earning rewards on their purchases, which can help offset the annual cost of this card. Overall, the BOC Sheng Siong Credit Card allows cardholders to earn a cash rebate without having the burden of meeting a minimum spend requirement.

It’s worth noting, however, that in order to earn 5% cash rebate consumers must spend at least S$600/month–every month–per quarter. Lower or inconsistent spenders earn just 0.4 miles per S$1 on all spend. Also, earnings are capped at S$250/quarter, or about S$83/month. However, spending S$1,667/month on food and petrol not only maxes out this reward, but also exempts cardholders from the annual fee. HSBC Visa Platinum Card is not only unique, it also offers great earning potential.

Category earnings are, however, capped at just S$20/month, so CIMB Platinum MasterCard is best fit for those spending S$200 or less per month in these categories. Those within this spend level, however can earn at much higher rates than available with any other card. While there's a S$800 minimum monthly spend requirement to access these rates, there's no annual fee. As a result, CIMB Platinum MasterCard is an excellent, low-maintenance option for cashback on medical, transport and dining expenses.

Another reason Amex True Cashback Card stands out is that cardholders have access to Amex’s unique and elite services. These top-notch benefits include Global Assist, American Express Selects, and True Cashback card-specific promotions. Many of these promotions offer wedding-related discounts and deals, which is rather rare. Ultimately, Amex True Cashback Card is the best option for you if you’re a high-spending Amex loyalist looking for boosted welcome rates.

Cardholders can also take advantage of OCBC 90°N Card's generous bonus. Consumers receive 10,000 Travel$ every year, which can be redeemed for S$100 or 10,000 miles. This bonus offsets the already reasonable S$192.6 fee. Additionally, cardholders have discounted access to 1,000+ lounges worldwide (at US$32/person) through Mastercard Airport Experiences. All in all, OCBC 90°N Card is the most versatile option on the market for high spenders, offering top, uncapped rewards rates that can easily be redeemed as miles or cashback without added fees or complications.

Extra perks include lounge access, discounted limo transfers, and free travel insurance–rarely offered by cashback cards. CIMB Visa Infinite also offers the best golfing privileges of any rebate card on the market, with up to 2 free games per month at 108 fairways across 16 countries. If you’re a frequent traveller or golfer with high overseas spend and prefer cashback to miles, CIMB Visa Infinite Card is the best option for you.

Another benefit of UOB Absolute Cashback Card is the exclusive American Express Card privileges that you can enjoy, from complimentary 6-month FoundersCard membership to 50% savings on dining, shopping and accommodation. UOB Absolute also offers 20.8% savings at Shell stations and up to 24% savings at SPC.

What really makes OCBC Frank Card stand out, however, is its remarkably low minimum spend requirement–just S$600. OCBC Frank Card’s S$80.00 fee is also waived 2 years, and then with S$10,000 annual spend, while direct competitors do not offer a waiver. Ultimately, OCBC Frank Card is remarkably accessible, and allows individuals with lower spend to access top rates for online spend.

Another key benefit of Citi SMRT Card is that it’s EZ-Link compatible, making it ideal for commuters. The annual fee of S$192.60 is also waived for full 2 years. Other card benefits include Citi World Privileges discounts, Citi PayLite which is an installment programme and Citi Quick Cash. Overall, Citi SMRT Card is an excellent option for young professionals on a budget.

Consumers who spend S$1,000/month can earn S$100/quarter, but it’s worth mentioning that competitor cards offer better rates at this spend level. Nonetheless, Maybank Platinum Visa Card is an exceptional option for lower spenders because it offers access to high rates with minimal spend. Even better, quarterly fees are waived simply with card use, making Maybank Platinum Visa Card essentially maintenance-free.

In order to access these rates, cardholders must reach a S$800 minimum spend, which is in-line with market standards. And, while the categories are quite unique, CIMB Visa Signature Card is still worth considering–even if you spend on them irregularly–as there's no annual fee. Finally, this card also comes with attractive perks like free travel insurance and access to CIMB Deals & Discounts.

This versatility makes UOB EVOL Card a great choice for just about any type of spend, including entertainment expenses. Cardholders are able to earn up to S$60 in monthly rebates, split across the three categories of online, contactless and general spend. An annual fee of S$192.60 is waived in the first year, and can be avoided later on by making at least 3 transactions with your UOB EVOL Card every month for 12 months.