Best Credit Cards with No Minimum Spend Requirement 2019

There are many great cash back credit cards in Singapore. However, most of them impose a strict minimum monthly spend requirement for you to qualify for their high level of rewards rates. For people who are looking for easy cash back cards to use with no such restrictions, we've compared the best cashback credit cards with no minimum spend requirement below.

Table of Contents

Best Cashback Card without Min Spend: Citibank SMRT Platinum Visa Card

Consider this if you want to earn cashback on your daily commute on public transit

Annual Income Requirement S$30,000
Foreigner Income Requirement S$42,000

Citibank SMRT Platinum Visa Card is a great cashback card for people who don't want to deal with minimum spend. Designed for young people with limited budget, this card provides high level of rebate on groceries (7%), SMRT (2%), fast food (5%), online shopping (3%), movies (5%) and even recurring bills (1%). Not only that, if you don't meet its "minimum spend" requirement of S$300 per month, your rebate only decreases by 0.3%, making it a quite ideal card for those who tend to spend less. Citi SMRT card is also affordable because its annual fee is waived for 2 years.

Highlights

  • Annual fee: S$192.6, waived for 2 years
  • Rebates: up to 7% on groceries, 5% on movies and fast food, 3% on online shopping, 2% on EZ-Reload Auto Top-Ups, 1% on recurring bills
  • 0.3% less rebate if spending less than S$300/month

Best Cashback Card for Affluent Consumers: HSBC Advance Credit Card

Consider this if you either make S$3,500 per month, have S$30,000 of cash savings or have a home loan with HSBC

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000

HSBC Advance Credit Card is the best no-fee cashback card for people who can qualify for HSBC's Advance status. For Advance customers, this card perpetually waives its annual fee of S$192.6, and provides a flat rate cashback of up to 3.5%, with no spend requirement. This card is especially effective for high spenders because its cap on monthly rebate is very high at S$125, compared to S$50-70 for most other cards. However, this card loses its effectiveness for non-Advance customers, so we highly recommend that you read our detailed review to see if you can qualify for HSBC Advance program.

Highlights

  • Annual fee: S$192.6, waived for Advance Customers
  • Rebate: Up to 3.5% of cash rebate for HSBC Advance Customers (1.5% for non-Advance customers)
  • 16% discount on petrol at Shell and Caltex
  • Welcome Bonus: A Samsonite Astra 55cm luggage (worth S$350) or S$100 cash back for new customers (S$50 for existing customers)
  • Promotion: Save up to S$10,000 with 1,000 Entertainer 1-for-1 deals
  • Read Our Full Review

Unlimited Cashback + EZ-Link: Standard Chartered Unlimited Cashback Card

Consider this if you want unlimited amount of cash rebate and can spend more than S$5,000 per month

Annual Income Requirement S$30,000
Foreigner Income Requirement S$60,000

Standard Chartered Unlimited Cashback Card is an excellent choice for people who are looking for a simple flat rate card to use. Not only does it offer a flat rate of 1.5% cash rebate on everything, its cash back is unlimited so you can earn as much rebate as you spend. The biggest appeal of flat rate cashback cards is its simplicity (i.e. no need to keep track of multiple cards with different minimum spend requirements and rewards), and Standard Chartered Unlimited Cashback further simplifies your life by doubling up as an EZ-Link card.

Highlights

  • Annual fee: S$192.6, 2 Year Waiver
  • 1.5% unlimited cash back on all your expenditure
  • Foreign exchange transaction fee: 3.5%
  • No minimum spend requirement
  • Up to 24% discount on petrol at Caltex
  • EZ-Link compatible
  • Promotion: Up to S$100 in cashback + Up to S$150 in Prime Now credits, 10% cashback & free Amazon Prime
  • Up to 10% off bookings with Hotels . Com
  • Read Our Full Review

Highest Unlimited Cashback Rewards: Maybank FC Barcelona Visa Signature Card

Consider this if you spend more than S$5,000 per month and want to avoid paying an annual fee

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000 for Malaysians; S$60,000 for Others

Maybank's FC Barcelona Visa Signature Card is an excellent choice for people who are looking for a combination of convenience of flat rate cards, high rewards rate and annual fee waiver. Maybank FC Barcelona Card's unlimited cashback is available at a rate of 1.6%, which is higher than 1.5% provided by its competing products. Not only that, this card's annual fee (S$120) is waived for simply charging S$10,000 on the card annually, while other cards tend to charge a relatively high fee of around S$180. While it doesn't come with a petrol discount, we think this card works perfectly well for those who are looking for the convenience of a unlimited cashback without the high cost.

Highlights

  • Annual fee: S$120, waived with S$10,000 of annual spend
  • 1.6% cashback on everything
  • 0.8 miles per S$1 spent on foreign currency transactions
  • Foreign exchange transaction fee: 2.75%
  • No cap on cashback or monthly spend requirement
  • No monthly minimum spend & Online price guarantee
  • Bonus: Chance to win a free trip for 2 to FC Barcelona Live game every season
  • Promotion: Receive S$50 cash credit after S$700 spend
  • Read Our Full Review

Best Unlimited Cashback with Amex Perks: American Express True Cashback Card

Consider this if you spend more than S$5,000 per month and want American Express's services

Annual Income Requirement S$30,000
Foreigner Income Requirement S$60,000

American Express True Cashback Card is a great flat rate cashback card that combines value and convenience. Like SC Unlimited Cashback Card, Amex True Cashback Card is a decent flat rate card provides an unlimited cashback of 1.5% on everything. The key difference, however, is that this Amex boosts your cashback to 3% during the first 6 months. In exchange, its annual fee is waived for 1 year, compared to 2 years for its competitor. Not only that, this could be a particularly valuable card for you if you value Amex's world-renown services like American Express Selects, Global Dining Program, 24-hr customer care and Global Assistance. It also charges the lowest foreign transaction fee among unlimited cashback cards at 2.5% vs others at 2.8% to 3.5%. Lastly, Amex True Cashback Card has no cap on cashback or monthly spend requirement, making it extremely easy to use.

Highlights

  • Annual fee: S$171.2, waived for the 1st year
  • 1.5% cashback locally
  • Foreign exchange transaction fee: 2.5%
  • No cap on cashback or monthly spend requirement
  • Promotion: S$60 voucher with 1st spend in 1st month after approval
  • Read Our Full Review

Best Cross-border Online Shopping Rebate Card: Standard Chartered SingPost Spree Credit Card

Consider this if you shop from online shopping sites overseas

Annual Income Requirement S$30,000
Foreigner Income Requirement S$60,000

Standard Chartered SingPost Spree Credit Card is online shopping rebate card with a few caveats. This card work decently for people who spend relatively little on online shopping because it is one of a few cards with no minimum spending requirement. Also, this card can work well for people who like to shop with online retailers overseas, since it provides up to 3% of cashback on foreign currency online transactions & vPost purchases.

Highlights

  • Annual fee: S$192.6, waived for 2 years
  • Rebates: 3% foreign currency online purchases & vPost transactions, 2% on local online transactions, 1% on other retail transactions
  • No monthly minimum spend & Online price guarantee
  • Promotion: Up to S$100 in cashback + Up to S$150 in Prime Now credits, 10% cashback & free Amazon Prime
  • Up to 10% off bookings with Hotels . Com
  • Read Our Full Review

No-Fee Cashback Card for Travel: CIMB Visa Infinite Card

CIMB Visa Infinite Card
CIMB Visa Infinite Card

Consider this if you want a no fee cashback card for travelling

Annual Income Requirement S$120,000
Foreigner Income Requirement S$120,000

CIMB Visa Infinite Card could be quite valuable for travellers on a budget. While its rebate on local expenses (1%) is on the low end of the spectrum, this card doesn't charge an annual fee and doesn't impose any spending requirement. For those who do spend more than S$2,000, however, its rewards for travel, overseas and online foreign currency expenditures increases to 2%. Not only that, CIMB provides other valuable travel perks like low foreign currency transaction fee of 1% (vs 2.5-3.5% from other banks), complimentary lounge access and travel insurance. All of these benefits come with zero annual fee, making this card an ideal choice for budget-minded travellers.

Highlights

  • No annual fee
  • Spend S$2,000 in a month to enjoy 2% rebate on travel, overseas and foreign currency transactions
  • 1% rebate on all other retail spends
  • Complimentary 3 lounge visits per year

CIMB World MasterCard Credit Card: No-Fee Credit Card for Golfers

CIMB World Mastercard
CIMB World Mastercard

Consider this if you want a free credit card with golf benefits

Annual Income Requirement S$120,000
Foreigner Income Requirement S$120,000

CIMB World MasterCard Credit Card is a great no-fee cashback card for avid golfers. First, CIMB World MasterCard offers 1% cashback on all local and overseas spend so you can save while golfing in Singapore and in other countries, with no spend requirement. On top of this, they also provide complimentary green fees at 40 golf courses around SE Asia. Finally, you can enjoy all of these benefits free of charge since its offered with no annual fee.

Highlights

  • No annual fee
  • Unlimited 1% rebate in Singapore and overseas
  • Complimentary travel insurance
  • Complimentary green fees at 40 golf clubs in SE Asia
  • 1% foreign exchange transaction fee
  • Read Our Full Review

Summary of Best Cashback Credit Cards With No Spend Requirement 2019

Below, we've prepared a summary of our picks for the best cashback credit cards with no spend requirements for 2019.

Cashback Cards w/o Min SpendBest For...Annual Fee
Citi SMRTSMRT RebateS$192.6Learn More
HSBC AdvanceNo Annual Fee, High IncomeS$0.0 for AdvanceLearn More
SC Unlimited CashbackUnlimited 1.5% RebateS$192.6Learn More
Maybank FC BarcelonaUnlimited 1.6% RebateS$120.0 (waiver)Learn More
Amex True CashbackUnlimited 1.5% RebateS$171.2Learn More
SC Singpost SpreeOnline ShoppingS$192.6Learn More
Cashback Cards w/o Min SpendBest For...Annual Fee
Citi SMRTLearn MoreSMRT RebateS$192.6
HSBC AdvanceLearn MoreNo Annual Fee, High IncomeS$0.0 for Advance
SC Unlimited CashbackLearn MoreUnlimited 1.5% RebateS$192.6
Maybank FC BarcelonaLearn MoreUnlimited 1.6% RebateS$120.0 (waiver)
Amex True CashbackLearn MoreUnlimited 1.5% RebateS$171.2
SC Singpost SpreeLearn MoreOnline ShoppingS$192.6

Compare the Best Cashback Cards with No Spend Requirement by Dollar Value

We have prepared a chart below organizing our featured cards by 2-year dollar value*. We have estimated an average Singaporean's monthly expenditure patterns through research to model out likely savings from credit cards. Assuming an average person spends S$2,000 every month, the best cashback credit cards in Singapore return over S$1,500 to S$2,000 in cash rebate over 2 years after netting out annual fees. Do note, however, that these values can vary widely depending on your unique spending habits, so you should be sure to read our reviews to assess if a card is right for you.

A graph displaying how best cashback credit cards with no min spend compare to one another in terms of their rewards

*ValueChampion calculates the dollar value of rewards based on S$2,000 of monthly spending. We sum the value of points, miles and cashback in dollar terms and subtract the annual fee over a 24-month period. The estimates here are ValueChampion's alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Duckju Kang

Duckju is the Senior Vice President of ValueChampion Singapore. He covers the financial services industry, consumer finance products, budgeting, and investing. He previously worked in the financial services industry, including at such hedge funds as Tiger Asia and Cadian Capital.

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