Best Cashback Credit Cards with No Annual Fee 2020

Many credit cards in Singapore offer annual fee waivers or never charge a fee at all. We've identified and analysed all of these options to identify those offering both high cashback rates and attractive perks. Our reviews also explore important details found only in the "fine print," helping you to make an informed decision when picking the credit card that's right for you.

Best No-Fee Cashback Cards Overall:
Best No-Fee Cashback Cards for Lower Spenders:
Best No-Fee Cashback Cards for Higher Spenders:
Best No-Fee Cashback Cards for Food & Transport:
Best No-Fee Cashback Cards for Social & Leisure:

Compare Best No-Fee Cashback Credit Cards by Dollar Value

Based on an average monthly spend of S$2,000, we analysed the best credit cards on the market to estimate returned value-to-consumer after 2 years, accounting for rebates and netting out annual fees. As a note, dollar value is heavily dependent on spending habits; intangible benefits (like free travel insurance and airport lounge access) are valuable but difficult to quantify.

Many of the best cashback credit cards with no annual fee exceed the market average for value-to-consumer after 2-years, based on S$2,000 monthly spend
Best No-Fee Cashback Cards Overall: Best No-Fee Cashback for Low Spenders: Best No-Fee Cashback for High Spenders: Best No-Fee Cashback for Food & Transport: Best No-Fee Cashback for Social & Leisure:

Compare Best No-Fee Cashback Cards by Dollar Value

Based on an average monthly spend of S$2,000, we analysed the best credit cards on the market to estimate returned value-to-consumer after 2 years, accounting for rebates and netting out annual fees. As a note, dollar value is heavily dependent on spending habits; intangible benefits (like free travel insurance and airport lounge access) are valuable but difficult to quantify.

Many of the best cashback credit cards with no annual fee exceed the market average for value-to-consumer after 2-years, based on S$2,000 monthly spend

Why Consider a Cashback Credit Card with No Annual Fee?

Cashback cards offer an easy, straightforward way to earn rebates on daily spend, which can then be automatically applied to offset your monthly statement. There's no need to worry about points tracking, miles conversions or redemption rates. Rebate cards with no annual fee are even more straightforward, allowing cardholders to enjoy year-round rewards without added costs or maintenance. Several competitive credit cards in Singapore never charge a fee, while others have easily achieved waivers with a minimum spend amount. We've identified and reviewed these options below. In all cases, no-fee cashback cards are a great option for beginners looking for their first credit card, or for more established consumers who simply want to earn hassle-free rewards.

Best No-Fee Cashback Cards in Singapore

The following rebate cards not only offer top rates on everyday spend but also waive fees.

Maybank Family & Friends MasterCard: Rebates in MY & SG

  • Best for rebates in SG & MY w/ S$500 min. spend
  • Promotions: Receive free American Tourister Luggage w/ S$300 monthly spend for 2mo (req. both card + Creditable applications)
  • Read Our Full Review
  • Annual fee: S$180.0, 3-year waiver then w/ S$12k annual spend
  • Up to 8% rebate on dining, groceries, transport, petrol & online TV streaming in Singapore & Malaysia, after S$800 min spend (5% rebate with S$500 min spend)
  • 0.3% rebate all other spend
If you're a regional traveller and frequently spend in both Singapore and Malaysia, you may be able to maximise your rewards earnings with Maybank Family & Friends Card. Cardholders with budgets as low as S$500/month can earn 5% rebate in both countries on dining, groceries, petrol, transport, data communications and online TV streaming. Spending just S$800/month unlocks a 8% rebate rate in all of these categories, capped at a lofty S$80/month in earnings. Most competitor cards only offer up to 3.33% cashback for consumers with budgets below S$800, so Maybank Family & Friends Card is one of the best cards for lower spenders.


Still, moderate spenders are also set to benefit. Maybank Family & Friends Card's S$180.0 fee is waived for 3 years, and subsequently with S$12,000 annual spend. This averages to just S$1,000 monthly spend–a rate which would not only unlock the higher 8% rebate rate, but could also max out the S$80 rewards cap if spent within eligible categories. For this reason, Maybank Family & Friends Card is an exceptional option for regional spenders seeking no-fee cashback, especially those with budgets of approximately S$1,000/month.

  • Stand-Out: Best for rebates in SG & MY w/ S$500 min. spend
  • Promotions: Receive free American Tourister Luggage w/ S$300 monthly spend for 2mo (req. both card + Creditable applications)
  • Read Our Full Review
  • Annual fee: S$180.0, 3-year waiver then w/ S$12k annual spend
  • Up to 8% rebate on dining, groceries, transport, petrol & online TV streaming in Singapore & Malaysia, after S$800 min spend (5% rebate with S$500 min spend)
  • 0.3% rebate all other spend
If you're a regional traveller and frequently spend in both Singapore and Malaysia, you may be able to maximise your rewards earnings with Maybank Family & Friends Card. Cardholders with budgets as low as S$500/month can earn 5% rebate in both countries on dining, groceries, petrol, transport, data communications and online TV streaming. Spending just S$800/month unlocks a 8% rebate rate in all of these categories, capped at a lofty S$80/month in earnings. Most competitor cards only offer up to 3.33% cashback for consumers with budgets below S$800, so Maybank Family & Friends Card is one of the best cards for lower spenders.


Still, moderate spenders are also set to benefit. Maybank Family & Friends Card's S$180.0 fee is waived for 3 years, and subsequently with S$12,000 annual spend. This averages to just S$1,000 monthly spend–a rate which would not only unlock the higher 8% rebate rate, but could also max out the S$80 rewards cap if spent within eligible categories. For this reason, Maybank Family & Friends Card is an exceptional option for regional spenders seeking no-fee cashback, especially those with budgets of approximately S$1,000/month.

OCBC 365 Card: No-Fee Rebates on Essentials

  • Up to 6% rebate on dining, groceries, transport & more
  • Promotions: Free S$100 cash via PayNow (new customers) via our partnership with SGSaver
  • Read Our Full Review
  • Annual fee: S$192.6, 2-year waiver, subsequently with S$10,000 annual spend
  • 6% rebate on dining & online food delivery
  • 3% rebate on groceries, land transport, recurring bills & online travel
  • Up to 23% fuel savings with Caltex, 20.4% with Esso, 5% other stations
  • Free travel insurance, Visa Signature Privileges
If you're looking for top rebates in everyday categories but want to avoid paying an annual fee, consider OCBC 365 Card. Cardholders earn 6% cashback on dining and online food delivery, plus 3% cashback on groceries, travel bookings, transport and even recurring bills–which are completely excluded from earning rewards by most other credit cards. These rates apply to all category purchases, so consumers never have to worry about merchant limitations. Even better, rewards are capped at a lofty S$80/month spend, which is one of the highest on the market.


OCBC 365 Card also comes with an easily achievable fee waiver. The S$192.6 fee is initially waived for 2 years, and subsequently with just S$10,000 annual spend. This averages to just S$833/month, which approximates the card's S$800 minimum spend requirement. Overall, individuals who want to easily earn rewards on daily spend without paying an added fee should consider OCBC 365 Card.

  • Stand-Out: Up to 6% rebate on dining, groceries, transport & more
  • Promotions: Free S$100 cash via PayNow (new customers) via our partnership with SGSaver
  • Read Our Full Review
  • Annual fee: S$192.6, 2-year waiver, subsequently with S$10,000 annual spend
  • 6% rebate on dining & online food delivery
  • 3% rebate on groceries, land transport, recurring bills & online travel
  • Up to 23% fuel savings with Caltex, 20.4% with Esso, 5% other stations
  • Free travel insurance, Visa Signature Privileges
If you're looking for top rebates in everyday categories but want to avoid paying an annual fee, consider OCBC 365 Card. Cardholders earn 6% cashback on dining and online food delivery, plus 3% cashback on groceries, travel bookings, transport and even recurring bills–which are completely excluded from earning rewards by most other credit cards. These rates apply to all category purchases, so consumers never have to worry about merchant limitations. Even better, rewards are capped at a lofty S$80/month spend, which is one of the highest on the market.


OCBC 365 Card also comes with an easily achievable fee waiver. The S$192.6 fee is initially waived for 2 years, and subsequently with just S$10,000 annual spend. This averages to just S$833/month, which approximates the card's S$800 minimum spend requirement. Overall, individuals who want to easily earn rewards on daily spend without paying an added fee should consider OCBC 365 Card.

Best No-Fee Cashback Cards for Lower Spenders

Even those with budgets below S$500/month can benefit from these no-fee cards.

OCBC Frank Card: Rebates Online & for Social Spenders

  • Up to 6% rebate online after just S$400 offline spend
  • Promotions: Receive & use card instantly when you apply via MyInfo
  • Read Our Full Review
  • Annual fee: S$80.0, 2-year waiver, subsequently with S$10,000 annual spend
  • 6% rebate on online spend
  • 5% weekend rebate on local entertainment & select cafes (3% weekdays)
Young, social spenders can access top rewards–without having to worry about high minimum spend requirements or annual fees–with OCBC Frank Card. After just S$400 offline spend, cardholders earn an impressive 6% rebate on online shopping and 5% on weekend entertainment & at select cafes (3% on weekdays).


Not only is OCBC Frank Card's S$400 minimum spend requirement exceptionally low, its cap on monthly earnings is respectably high, at S$60. Cardholders who spend just S$1,000/month online can easily earn up to S$720/year. Even better, the already low S$80.0 annual fee is waived with just S$10,000 annual spend–about S$833/month. Overall, social spenders who shop online can easily max out earnings with OCBC Frank Card, without having to worry about high minimums or annual fees.

  • Stand-Out: Up to 6% rebate online after just S$400 offline spend
  • Promotions: Receive & use card instantly when you apply via MyInfo
  • Read Our Full Review
  • Annual fee: S$80.0, 2-year waiver, subsequently with S$10,000 annual spend
  • 6% rebate on online spend
  • 5% weekend rebate on local entertainment & select cafes (3% weekdays)
Young, social spenders can access top rewards–without having to worry about high minimum spend requirements or annual fees–with OCBC Frank Card. After just S$400 offline spend, cardholders earn an impressive 6% rebate on online shopping and 5% on weekend entertainment & at select cafes (3% on weekdays).


Not only is OCBC Frank Card's S$400 minimum spend requirement exceptionally low, its cap on monthly earnings is respectably high, at S$60. Cardholders who spend just S$1,000/month online can easily earn up to S$720/year. Even better, the already low S$80.0 annual fee is waived with just S$10,000 annual spend–about S$833/month. Overall, social spenders who shop online can easily max out earnings with OCBC Frank Card, without having to worry about high minimums or annual fees.

Maybank Platinum Visa: Rebates for Local Low Spenders

  • Up to S$30/quarter with just S$300/month spend
  • Promotions: Receive free American Tourister Luggage w/ S$300 monthly spend for 2mo (req. both card + Creditable applications)
  • Read Our Full Review
  • Quarterly service fee: S$20.0, 3-year waiver, then w/ card use at least 1x/quarter
  • S$30 quarterly rebate with at least S$300 monthly spend (local only)
  • S$100 quarterly rebate with at least S$1,000 monthly spend (local only)
  • 0.3% rebate on overseas spend, capped at S$50/month
  • Free travel insurance
Consumers with budgets below S$500 may find it quite challenging to find a cashback card that offers rewards above a 0.3% base rate. Fortunately, Maybank Platinum Visa Card offers cardholders 3.33% cashback with a minimum spend of just S$300/month every quarter, capped at S$30/quarter. While this may seem low, most cards require S$800+ minimum spend to unlock rates above the base level. Slightly higher spenders can earn S$100/quarter with S$1,000 monthly spend (though this rate is somewhat less competitive).


Maybank Platinum Visa Card is also a great fit for lower spenders as its S$20.0 quarterly service fee (adding up to S$80.0/year) is waived for 3 years, and then subsequently, simply with card use. This is perhaps one of the easiest-to-achieve waivers as there's no minimum spend requirement, unlike most competitor cards. Overall, if you tend to spend about S$300/month, Maybank Platinum Visa Card may offer the best way to maximise your rewards earnings.

  • Stand-Out: Up to S$30/quarter with just S$300/month spend
  • Promotions: Receive free American Tourister Luggage w/ S$300 monthly spend for 2mo (req. both card + Creditable applications)
  • Read Our Full Review
  • Quarterly service fee: S$20.0, 3-year waiver, then w/ card use at least 1x/quarter
  • S$30 quarterly rebate with at least S$300 monthly spend (local only)
  • S$100 quarterly rebate with at least S$1,000 monthly spend (local only)
  • 0.3% rebate on overseas spend, capped at S$50/month
  • Free travel insurance
Consumers with budgets below S$500 may find it quite challenging to find a cashback card that offers rewards above a 0.3% base rate. Fortunately, Maybank Platinum Visa Card offers cardholders 3.33% cashback with a minimum spend of just S$300/month every quarter, capped at S$30/quarter. While this may seem low, most cards require S$800+ minimum spend to unlock rates above the base level. Slightly higher spenders can earn S$100/quarter with S$1,000 monthly spend (though this rate is somewhat less competitive).


Maybank Platinum Visa Card is also a great fit for lower spenders as its S$20.0 quarterly service fee (adding up to S$80.0/year) is waived for 3 years, and then subsequently, simply with card use. This is perhaps one of the easiest-to-achieve waivers as there's no minimum spend requirement, unlike most competitor cards. Overall, if you tend to spend about S$300/month, Maybank Platinum Visa Card may offer the best way to maximise your rewards earnings.

Best No-Fee Cashback Cards for Higher Spenders

These unlimited or high-cap rebate cards are perfect for consumers with big budgets.

HSBC Advance Card: Top Flat Rebates for Advance Customers

  • Up to 3.5% flat cashback, lofty S$125/month rewards cap
  • Promotions: Receive Samsonite T5 68cm Spinner luggage or S$150 cashback
  • Apply online with MyInfo via SingPass, receive S$20 in Grab rides
  • Read Our Full Review
  • Annual fee: S$192.6, waived for Advance banking customers
  • Up to 3.5% flat rebate for Advance customers (2.5% for others)
  • Up to 16% fuel savings with Caltex, 14% with Shell
If you're a high-spending HSBC Advance banking customer–or are open to applying for an account–you should definitely consider HSBC Advance Card. Advance customers earn an incredible 3.5% flat rebate with S$2,000 minimum spend (2.5% if below), up to S$125/month. This is one of the highest flat cashback rates on the market, and can be maxed out with S$3,500 monthly spend, adding up to S$1,500 in rewards per year. Advance customers also never have to pay an annual fee, making the card maintenance free for those banking with HSBC.


Non-Advance customers are not privy to these same rates, however. Such cardholders earn 2.5% cashback with S$2,000 minimum spend (1.5% if below), up to S$70/month. Consumers can access higher rates with lower minimum spend requirements with other credit cards, making HSBC Advance Card less competitive for non-banking customers. Nonetheless, such consumers can still achieve a fee-waiver with S$12,500 annual spend. Overall, HSBC Advance Card is best fit for Advance customers, so it's worth checking out the requirements to open an account.

  • Stand-Out: Up to 3.5% flat cashback, lofty S$125/month rewards cap
  • Promotions: Receive Samsonite T5 68cm Spinner luggage or S$150 cashback
  • Apply online with MyInfo via SingPass, receive S$20 in Grab rides
  • Read Our Full Review
  • Annual fee: S$192.6, waived for Advance banking customers
  • Up to 3.5% flat rebate for Advance customers (2.5% for others)
  • Up to 16% fuel savings with Caltex, 14% with Shell
If you're a high-spending HSBC Advance banking customer–or are open to applying for an account–you should definitely consider HSBC Advance Card. Advance customers earn an incredible 3.5% flat rebate with S$2,000 minimum spend (2.5% if below), up to S$125/month. This is one of the highest flat cashback rates on the market, and can be maxed out with S$3,500 monthly spend, adding up to S$1,500 in rewards per year. Advance customers also never have to pay an annual fee, making the card maintenance free for those banking with HSBC.


Non-Advance customers are not privy to these same rates, however. Such cardholders earn 2.5% cashback with S$2,000 minimum spend (1.5% if below), up to S$70/month. Consumers can access higher rates with lower minimum spend requirements with other credit cards, making HSBC Advance Card less competitive for non-banking customers. Nonetheless, such consumers can still achieve a fee-waiver with S$12,500 annual spend. Overall, HSBC Advance Card is best fit for Advance customers, so it's worth checking out the requirements to open an account.

Maybank FC Barcelona Visa Signature: Uncapped Local Rebates

  • 1.6% unltd local cashback, fee waiver w/ S$10k annual spend
  • Promotions: Receive free American Tourister Luggage w/ S$300 monthly spend for 2mo (req. both card + Creditable applications)
  • Read Our Full Review
  • Annual fee: S$120.0, waived with S$10,000 annual spend
  • Unlimited 1.6% rebate on local spend
  • 2 Pts (0.8 miles) per S$1 on foreign currency transactions
  • Up to 10% discount at FC Barcelona official stores
  • Free travel insurance
If you're a high spender with a primarily local budget, consider Maybank FC Barcelona Visa Signature Card. Cardholders earn at the highest unlimited cashback rate for spend in Singapore, at 1.6%–slightly above the 1.5% rate offered by competitors. This 0.1% difference, while small, adds up significantly with greater spending. This, paired with the card's unlimited rewards structure, makes Maybank FC Barcelona Card ideal for those with larger budgets.


It's important to mention that Maybank FC Barcelona Card's overseas rewards rate is less impressive, at just 0.8 miles per S$1 spend. This is roughly equivalent in value to 0.8% cashback, which is half that offered for local spend. Still, Maybank FC Barcelona does offer global perks like free travel insurance and special discounts on FC Barcelona games and merchandise. The S$120.0 fee is also waived with S$10,000 annual spend, which is especially attractive as other unlimited cards charge moderate-to-high fees. Overall, Maybank FC Barcelona Card is a great option for high spenders who spend most of their time in Singapore–especially those that are sports fans.

  • Stand-Out: 1.6% unltd local cashback, fee waiver w/ S$10k annual spend
  • Promotions: Receive free American Tourister Luggage w/ S$300 monthly spend for 2mo (req. both card + Creditable applications)
  • Read Our Full Review
  • Annual fee: S$120.0, waived with S$10,000 annual spend
  • Unlimited 1.6% rebate on local spend
  • 2 Pts (0.8 miles) per S$1 on foreign currency transactions
  • Up to 10% discount at FC Barcelona official stores
  • Free travel insurance
If you're a high spender with a primarily local budget, consider Maybank FC Barcelona Visa Signature Card. Cardholders earn at the highest unlimited cashback rate for spend in Singapore, at 1.6%–slightly above the 1.5% rate offered by competitors. This 0.1% difference, while small, adds up significantly with greater spending. This, paired with the card's unlimited rewards structure, makes Maybank FC Barcelona Card ideal for those with larger budgets.


It's important to mention that Maybank FC Barcelona Card's overseas rewards rate is less impressive, at just 0.8 miles per S$1 spend. This is roughly equivalent in value to 0.8% cashback, which is half that offered for local spend. Still, Maybank FC Barcelona does offer global perks like free travel insurance and special discounts on FC Barcelona games and merchandise. The S$120.0 fee is also waived with S$10,000 annual spend, which is especially attractive as other unlimited cards charge moderate-to-high fees. Overall, Maybank FC Barcelona Card is a great option for high spenders who spend most of their time in Singapore–especially those that are sports fans.

CIMB Visa Infinite Card: Unltd Cashback for Travellers

  • Unltd. travel & overseas cashback plus lounge & waived green fees
  • Promotions: Pay for Grab w/ linked card & enjoy up to S$20 Grab Promo Codes
  • Read Our Full Review
  • Annual fee: Free
  • Unlimited 2% cashback on all travel expenses & overseas spend
  • Unlimited 1% cashback on all other spend
  • Complimentary green fees at 108 fairways across 16 countries
  • Free travel insurance, 3x lounge access, discounted limo transfers
  • CIMB 0% Interest i.Pay Instalment Plan
Many credit cards tailored for frequent travellers charge high annual fees and only offer miles rewards; CIMB Visa Infinite Card stands out on both accounts. Cardholders earn 2% unlimited cashback on all travel expenses (including airlines, hotels, travel agencies & more) and overseas transactions (both in SGD and foreign currency), with S$2,000 minimum spend. All other spend earns 1% rebate, with no minimum requirement. As these rewards rates are uncapped, CIMB Visa Infinite Card is ideal for high-spenders who may feel limited by typical cards.


CIMB Visa Infinite Card also stands out by offering luxury travel perks. Cardholders enjoy up to 3 free lounge visits annually, discounted limo transfers and free travel insurance. Even better, golfers can enjoy some of the best privileges on the market with up to 2 free green fees every month at 108 fairways throughout Asia. Finally, while most cards with such perks charge S$192.6+ per year, CIMB Visa Infinite Card never charges an annual fee. Ultimately, affluent travellers seeking cashback can enjoy maintenance free rewards with CIMB Visa Infinite Card.

  • Stand-Out: Unltd. travel & overseas cashback plus lounge & waived green fees
  • Promotions: Pay for Grab w/ linked card & enjoy up to S$20 Grab Promo Codes
  • Read Our Full Review
  • Annual fee: Free
  • Unlimited 2% cashback on all travel expenses & overseas spend
  • Unlimited 1% cashback on all other spend
  • Complimentary green fees at 108 fairways across 16 countries
  • Free travel insurance, 3x lounge access, discounted limo transfers
  • CIMB 0% Interest i.Pay Instalment Plan
Many credit cards tailored for frequent travellers charge high annual fees and only offer miles rewards; CIMB Visa Infinite Card stands out on both accounts. Cardholders earn 2% unlimited cashback on all travel expenses (including airlines, hotels, travel agencies & more) and overseas transactions (both in SGD and foreign currency), with S$2,000 minimum spend. All other spend earns 1% rebate, with no minimum requirement. As these rewards rates are uncapped, CIMB Visa Infinite Card is ideal for high-spenders who may feel limited by typical cards.


CIMB Visa Infinite Card also stands out by offering luxury travel perks. Cardholders enjoy up to 3 free lounge visits annually, discounted limo transfers and free travel insurance. Even better, golfers can enjoy some of the best privileges on the market with up to 2 free green fees every month at 108 fairways throughout Asia. Finally, while most cards with such perks charge S$192.6+ per year, CIMB Visa Infinite Card never charges an annual fee. Ultimately, affluent travellers seeking cashback can enjoy maintenance free rewards with CIMB Visa Infinite Card.

Best No-Fee Cashback Cards for Food & Transport

If you want a rebate card for core expenses, consider these great no-fee options.

CIMB Platinum MasterCard: Top Rebates on Dining & Transport

  • Up to 10% cashback on transport, dining, medical & more
  • Promotions: Pay for Grab w/ linked card & enjoy up to S$20 Grab Promo Codes
  • Read Our Full Review
  • Annual fee: Free
  • 10% cashback on medical, transport, dining & overseas travel
  • 10% cashback on select electronics/furnishings vendors
  • CIMB 0% Interest i.Pay Instalment Plan
CIMB Platinum MasterCard is a great option for consumers with concentrated spend on essentials like dining, transport, and medical expenses. After just S$800 minimum spend, cardholders earn 10% cashback on each of these categories, as well as on overseas travel and purchases with select electronics and furnishings vendors. While earnings in each category are capped at just S$20 (maxed out with S$200 spend), total rewards can add up to a potential S$100/month. Finally, CIMB Platinum MasterCard has no annual fee, and is therefore a great, maintenance-free way for consumers to earn cashback on essential purchases.
  • Stand-Out: Up to 10% cashback on transport, dining, medical & more
  • Promotions: Pay for Grab w/ linked card & enjoy up to S$20 Grab Promo Codes
  • Read Our Full Review
  • Annual fee: Free
  • 10% cashback on medical, transport, dining & overseas travel
  • 10% cashback on select electronics/furnishings vendors
  • CIMB 0% Interest i.Pay Instalment Plan
CIMB Platinum MasterCard is a great option for consumers with concentrated spend on essentials like dining, transport, and medical expenses. After just S$800 minimum spend, cardholders earn 10% cashback on each of these categories, as well as on overseas travel and purchases with select electronics and furnishings vendors. While earnings in each category are capped at just S$20 (maxed out with S$200 spend), total rewards can add up to a potential S$100/month. Finally, CIMB Platinum MasterCard has no annual fee, and is therefore a great, maintenance-free way for consumers to earn cashback on essential purchases.

HSBC Visa Platinum: Cashback + Miles Rewards

  • Rebates on local food & petrol, miles for general spend
  • Promotions: Receive Samsonite T5 68cm Spinner luggage or S$150 cashback
  • Apply online with MyInfo via SingPass, receive S$20 in Grab rides
  • Read Our Full Review
  • Annual fee: S$192.6, 2-year waiver, subsequently with S$12,500 annual spend
  • 5% cashback on local dining, groceries & petrol (up to S$250/quarter)
  • 0.4 miles per S$1 general spend, unlimited
  • Up to 21% fuel savings with Caltex, Shell (including 5% card rebate)
HSBC Visa Platinum Card offers an easy way to earn both cashback and miles on everyday expenses. Cardholders earn 5% cashback on local dining, groceries and petrol after just S$600 minimum spend (notably below the S$800 market standard). Rebates are capped at S$250/quarter, which averages out to about S$83/month–slightly above the limit imposed by most competitor cards. All other spend earns 0.4 miles per S$1, with no minimum spend requirement or cap on earnings. Even better, the S$180 annual fee is waived with just S$12,500 annual spend. For the average consumer, HSBC Visa Platinum Card is a great way to earn versatile rewards on essentials, all without worrying about added fees.
  • Stand-Out: Rebates on local food & petrol, miles for general spend
  • Promotions: Receive Samsonite T5 68cm Spinner luggage or S$150 cashback
  • Apply online with MyInfo via SingPass, receive S$20 in Grab rides
  • Read Our Full Review
  • Annual fee: S$192.6, 2-year waiver, subsequently with S$12,500 annual spend
  • 5% cashback on local dining, groceries & petrol (up to S$250/quarter)
  • 0.4 miles per S$1 general spend, unlimited
  • Up to 21% fuel savings with Caltex, Shell (including 5% card rebate)
HSBC Visa Platinum Card offers an easy way to earn both cashback and miles on everyday expenses. Cardholders earn 5% cashback on local dining, groceries and petrol after just S$600 minimum spend (notably below the S$800 market standard). Rebates are capped at S$250/quarter, which averages out to about S$83/month–slightly above the limit imposed by most competitor cards. All other spend earns 0.4 miles per S$1, with no minimum spend requirement or cap on earnings. Even better, the S$180 annual fee is waived with just S$12,500 annual spend. For the average consumer, HSBC Visa Platinum Card is a great way to earn versatile rewards on essentials, all without worrying about added fees.

Best No-Fee Cashback Cards for Social & Leisure

These rebate cards not only waive fees but also offer top leisure rewards & perks.

CIMB World MasterCard: Best for Affluent Social Spenders

  • Unlimited 1.5% rebate, boosted for leisure spend
  • Promotions: Pay for Grab w/ linked card & enjoy up to S$20 Grab Promo Codes
  • Read Our Full Review
  • Annual fee: Free
  • Unlimited 2% cashback on wine & dine, entertainment, recreation, automobile & parking, petrol, and duty-free stores spend (locally & overseas)
  • Unlimited 1.5% cashback on all other spend
  • 50% off green fees at select fairways in Asia
  • Free travel insurance, access to MasterCard Airport Experiences
  • CIMB 0% Interest i.Pay Instalment Plan
As one of the absolute best cashback cards for affluent social spenders on the market, CIMB World MasterCard offers top uncapped rebates plus a variety of perks & privileges. Cardholders earn a competitive 2% rebate on dining, entertainment, recreation, petrol, auto & parking spend and even purchases at duty-free stores. All other spend earns an unlimited 1.5% cash back–which aligns with rates offered by competitors that don't offer fee waivers. CIMB World, however, is free forever. Additional perks include free travel insurance, access to Mastercard Airport Experiences and even 50% off green fees at fairways worldwide.
  • Stand-Out: Unlimited 1.5% rebate, boosted for leisure spend
  • Promotions: Pay for Grab w/ linked card & enjoy up to S$20 Grab Promo Codes
  • Read Our Full Review
  • Annual fee: Free
  • Unlimited 2% cashback on wine & dine, entertainment, recreation, automobile & parking, petrol, and duty-free stores spend (locally & overseas)
  • Unlimited 1.5% cashback on all other spend
  • 50% off green fees at select fairways in Asia
  • Free travel insurance, access to MasterCard Airport Experiences
  • CIMB 0% Interest i.Pay Instalment Plan
As one of the absolute best cashback cards for affluent social spenders on the market, CIMB World MasterCard offers top uncapped rebates plus a variety of perks & privileges. Cardholders earn a competitive 2% rebate on dining, entertainment, recreation, petrol, auto & parking spend and even purchases at duty-free stores. All other spend earns an unlimited 1.5% cash back–which aligns with rates offered by competitors that don't offer fee waivers. CIMB World, however, is free forever. Additional perks include free travel insurance, access to Mastercard Airport Experiences and even 50% off green fees at fairways worldwide.

CIMB Visa Signature: Top Cashback on Online & Beauty

  • Up to 10% rebate on online shopping, beauty & more
  • Promotions: Pay for Grab w/ linked card & enjoy up to S$20 Grab Promo Codes
  • Read Our Full Review
  • 10% rebates on groceries, online shopping, beauty, petcare & cruises
  • Free travel insurance & global concierge
  • CIMB 0% Interest i.Pay Instalment Plan
If you want a no-fee cashback card that rewards your beauty and online shopping spend, consider CIMB Visa Signature Card. Cardholders earn 10% rebate in both of these categories, as well as on groceries, petcare and cruises. Rebates are capped at S$20/category (which can be maxed out with S$200 spend), reaching a potential total of S$100/month. While this is a high earnings cap, it may be difficult for the average consumer to max out rewards in all 5 categories each month.


Nonetheless, CIMB Visa Signature Card's unique categories make it a great complement to an everyday card, allowing for boosted rates in specific areas. For example, spend on pets earns 0.3% rebate with most cards; therefore, spending S$200 would earn just S$0.60. This is far lower than the S$20 you'd earn for the same spend with CIMB Visa Signature Card. And, because there's no annual fee, CIMB Visa Signature Card is completely maintenance and hassle free.

  • Stand-Out: Up to 10% rebate on online shopping, beauty & more
  • Promotions: Pay for Grab w/ linked card & enjoy up to S$20 Grab Promo Codes
  • Read Our Full Review
  • 10% rebates on groceries, online shopping, beauty, petcare & cruises
  • Free travel insurance & global concierge
  • CIMB 0% Interest i.Pay Instalment Plan
If you want a no-fee cashback card that rewards your beauty and online shopping spend, consider CIMB Visa Signature Card. Cardholders earn 10% rebate in both of these categories, as well as on groceries, petcare and cruises. Rebates are capped at S$20/category (which can be maxed out with S$200 spend), reaching a potential total of S$100/month. While this is a high earnings cap, it may be difficult for the average consumer to max out rewards in all 5 categories each month.


Nonetheless, CIMB Visa Signature Card's unique categories make it a great complement to an everyday card, allowing for boosted rates in specific areas. For example, spend on pets earns 0.3% rebate with most cards; therefore, spending S$200 would earn just S$0.60. This is far lower than the S$20 you'd earn for the same spend with CIMB Visa Signature Card. And, because there's no annual fee, CIMB Visa Signature Card is completely maintenance and hassle free.

Learn More About How to Find the Best Credit Card for You

Carrie Arndt

Carrie is a Senior Analyst at ValueChampion, specialising in credit cards in Singapore. She previously led consumer studies worldwide as a Senior Research Executive at MMR Research.

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