Best Credit Cards for Young Adults 2021

As a young adult, you may be interested in a credit card without high minimum spend requirements – especially one without an annual fee. Also considering the importance of social perks and promotions, our credit card experts identified and reviewed the best credit cards for young adults on the market below.

Best Credit Cards for Young AdultsCard Features
Best for CashbackOCBC Frank6% rebate online, 5% entertainment & cafes, with fee-waiver
UOB EVOL8% rebate on online and contactless spend
Citi SMRTRebates on essentials + EZ-Link, no min. spend requirement
Best for MilesKrisFlyer UOB3 mi/S$1 dining, online shopping & more
HSBC Revolution2 mi/S$1 online, dining & entertainment
Best No-FeeMB Platinum Visa3.33% flat rebate after S$300 min. spend
MB F&FUp to 8% rebates in Singapore & Malaysia
Online & ShoppingCiti Rewards4 miles per S$1 on online & fashion
DBS Live FreshAll-in-one card w/ rebates for contactless spend

Best Cashback Credit Cards for Young Adults

Below, we’ve identified and analysed the market’s best cashback cards for young adults, in terms of rewards rates, affordability and millennial-focused promotions. If you want to see a complete list of options, check out our credit card tool - it lets you compare credit card benefits and projected rewards instantly.

Best No-Fee Rebate Card for Online Spend: OCBC Frank Card

PROMO: GET S$50 CASHBACK
Consider this if you frequently spend money shopping for luxury goods and entertainment
  • Pros
    • 6% rebate on online, mobile contactless, and FX spend
    • Fee waiver with S$10,000 annual spend
    • Cons
      • 0.3% rebate on general purchases
      • Annual fee after 2 years
      • Capped cashback at S$75
      Promotions:
      • New cardholders get S$50 cashback with 2 qualifying transactions by end of next month following card approval (until Aug 31, 2021)
      • Existing customers get S$20 cashback upon making 2 qualifying transactions by end of next month following card approval (until Aug 31, 2021)

      OCBC Frank Card is the best no-fee rebate card for young adults, by no stretch of the imagination. Cardholders begin earning after just S$600 offline spend–one of the lowest minimum requirements on the market. Even more, the card offers impressive rates of 6% cashback on FX, online, and mobile contactless purchases. This includes everything from online travel bookings to spend on groceries, SimplyGo transport, and even pet supplies. OCBC Frank also stands out for it’s trendy card designs. Over 120 designs–included limited editions–are available to consumers, which offers young adults a fun and creative way to express themselves. While OCBC Frank Card doesn’t have many other promotions tailored to millennials, it does offer a fee-waiver, unlike its closest competitor. Cardholders are exempt from the already low S$80.0 fee with just S$10,000 annual spend (about S$833/month). Ultimately, if you’re interested in rebates for online & mobile spend but don’t want to deal with fees or high minimum requirements, OCBC Frank is the card for you.

      Read Our Full Review

      • Annual fee: S$80.0, 2-year waiver, subsequently with S$10,000 annual spend
      • 6% rebate on FX & mobile contactless expenditures
      • 6% rebate on online purchases
      • Annual fee: S$80.0, 2-year waiver, subsequently with S$10,000 annual spend
      • 6% rebate on FX & mobile contactless expenditures
      • 6% rebate on online purchases

      Best Rebate Card for Social Weekend Spenders: UOB EVOL Card

      PROMO: GET APPLE WATCH OR NINTENDO SWITCH
      Consider this if you are a young adult looking for discounts and perks on dining, entertainment and travel spending
      • Pros
        • Easy to use cashback card
        • Annual fee waived with 3 transactions per month
        • Great for budgets of at least S$600/month
        • Rewards all online and mobile spend
        • Cons
          • Lacks cashback on essentials (ie groceries, bills)
          • Cashback capped at S$60/mo
          Promotions:
          • Receive either the Apple Watch SE or the Nintendo Switch Lite Console with S$1,000 min spend within 30 days of card approval, first 100 applicants per month (until Aug 16, 2021)

          UOB EVOL Card, formerly known as UOB YOLO Card, is in many ways the new and improved version of its predecessor. Cardholders can now earn 8% rebate on all mobile and contactless spend on weekdays and weekends alike, which includes dining, shopping, travel, entertainment and much more. The minimum required spend remains at S$600 per month, and cashback cap is now S$20 per category, with a total of S$60 per month (S$720/year). UOB EVOL is also Southeast Asia's first bio-sourced card supporting green initiatives and offering a variety of sustainable deals on dining and shopping, further boosting your savings.

          Read Our Full Review

          • Annual fee: S$192.60 (first year- waived)
          • Subsequently waived after you make 3 transactions monthly
          • 8% cashback on online and mobile contactless spend
          • 0.3% cashback on all other spend
          • S$600 min spend, S$60 cashback cap
          • Southeast Asia’s first bio-sourced card
          • Annual fee: S$192.60 (first year- waived)
          • Subsequently waived after you make 3 transactions monthly
          • 8% cashback on online and mobile contactless spend
          • 0.3% cashback on all other spend
          • S$600 min spend, S$60 cashback cap
          • Southeast Asia’s first bio-sourced card

          Best Cashback Card with No Minimum Spend Requirement: Citi SMRT Card

          Consider this if you want to earn cashback on your daily commute on public transit
          • Pros
            • Good rewards rates for modest budgets
            • SMRT$ rewards on EZ-Reload transactions
            • Cons
              • Not suitable for higher budgets
              • Lacks travel and overseas rewards
              Promotions:
              • Use code CITINEW8 to get S$8 off min S$16 spend at Shopee (until Sep 30, 2021)

              Citi SMRT Card is one of the only rebate cards on the market with no minimum spend requirement–and is certainly the best. Young professionals on a budget can take advantage of great rates on everyday essentials–as well as leisure–with up to 5% rebate on groceries, 5% on fast food, coffee & cinemas, 3% for online shopping, and 2% on health & wellness. While most categories are merchant limited, these merchants are quite popular–Sheng Siong, Starbucks, Cathay Cineplexes & many more.

              Citi SMRT Card is also EZ-Link compatible and offers 2% rebate on Auto Top-Ups. Most cards exclude such transactions from earning rewards. In addition, while there’s a S$192.6 fee, it’s waived for 2-years so young adults don’t need to worry about card costs for quite a while. Overall, if you’re a young professional looking to earn everyday rebates without worrying about minimum spend requirements, Citi SMRT Card is definitely worth considering.

              Read Our Full Review

              • Annual fee: S$192.6, 2-year waiver
              • Up to 5% rebate on groceries, 5% on fast food, movies & coffee, 3% online shopping, 2% on health & wellness
              • EZ-Reload functionality with 2% rebate on Auto Top-Ups
              • Up to 14% fuel savings with Esso & Shell
              • Annual fee: S$192.6, 2-year waiver
              • Up to 5% rebate on groceries, 5% on fast food, moves & coffee, 3% online shopping, 2% on health & wellness
              • EZ-Reload functionality with 2% rebate on Auto Top-Ups
              • Up to 14% fuel savings with Esso & Shell

              Best Miles Credit Cards for Young Adults

              Young travellers can earn miles rewards to fuel their trips with these credit cards.

              Best for Young SIA-Loyal Travellers: KrisFlyer UOB Credit Card

              Consider this if you're a budget traveller who prefers flying with SIA
              • Pros
                • 3 mi per S$1 on SIA, SilkAir, Scoot & KrisShop
                • Up to 3 mi on dining, transport, online shopping & travel
                • Expedited KF Elite Silver status, Scoot privileges
                • 10,000 annual bonus renewal miles
                • Cons
                  • Just 1.2 mi on non-category overseas spend
                  • No lounge access perks
                  • No spend-based fee-waiver
                  Promotions:

                  KrisFlyer UOB Card is the best travel card on the market for millennials, as long as they're willing to commit to one airline. Cardholders earn 1.2 miles per S$1 general local and overseas spend, boosted to 3 miles for transactions with SIA, Scoot, SilkAir and KrisShop. Rates are further elevated to 3 miles per S$1 on global dining & online food delivery, transport (including public transit), online fashion shopping & travel bookings–as long as cardholders spend at least S$500 with SIA brands within the year. This is quite reasonable and can be achieved by taking just 2-3 regional trips annually.


                  In terms of perks, young adults who travel on a budget are also especially set to benefit. Cardholders enjoy special privileges with Scoot, SIA's low cost carrier, such as free priority check-in & boarding, complimentary baggage allowance upgrades, free standard seat selection and booking flexibility waivers. Even more, cardholders receive S$20 rebate with KrisShop with a S$100 nett transaction, S$15 worth of Grab rides to and from Changi airport, and another S$15 voucher for ChangiWiFi. While KF UOB Card defintely isn't a fit for luxury-seeking travellers, cardholders can still unlock elevated KF Elite Silver Status with S$5k SIA spend within a year. Finally, with a 10,000 miles annual gift (worth about S$100) that offsets the S$192.6 annual fee, KrisFlyer UOB Card is also very affordable for young, SIA-loyal travellers.

                  Read Our Full Review

                  • Annual fee: S$192.6, 1-year waiver
                  • 3 mi/S$1 spend on SIA brands (SIA, SilkAir, Scoot, KrisShop)
                  • 3 mi/S$1 on dining, transport, online shopping & travel bookings w/ S$500 min. SIA spend/yr
                  • 1.2 mi/S$1 on general spend
                  • 10,000 annual renewal miles
                  • Scoot privileges, KrisShop rebate, fast-track to KF Elite Silver & more
                  • Annual fee: S$192.6, 1-year waiver
                  • 3 mi/S$1 spend on SIA brands (SIA, SilkAir, Scoot, KrisShop)
                  • 3 mi/S$1 on dining, transport, online shopping & travel bookings w/ S$500 min. SIA spend/yr
                  • 1.2 mi/S$1 on general spend
                  • 10,000 annual renewal miles
                  • Scoot privileges, KrisShop rebate, fast-track to KF Elite Silver & more

                  Best Miles for Online & Social Spenders: HSBC Revolution Credit Card

                  PROMO: GET UP TO S$200 CASHBACK IN 1ST MO.
                  HSBC Revolution Credit Card
                  HSBC Revolution Credit Card
                  Consider this if you spend mostly on shopping, dining and entertainment
                  • Pros
                    • Great rewards on local dining and entertainment
                    • Online shopping perks
                    • No-fee card
                    • Cons
                      • Lacks rewards for frequent travellers who spend large amounts overseas
                      • Not suitable for low budgets
                      Promotions:
                      • All new cardholders will receive S$170 cashback with S$500 min spend + S$30 cashback when you apply with MyInfo via Singpass (until Aug 31, 2021)

                      Young adults who prefer earning miles for social and online spend should definitely consider HSBC Revolution Card. Cardholders earn 2 miles per S$1 on local dining & entertainment, as well as for online shopping. Beyond offering miles instead of cashback, HSBC Revolution Card also stands out in a few ways. There’s no minimum spend requirement, so young adults can begin earning immediately. In addition, the same rates apply to both weekends and weekdays, so you’re equally rewarded, no matter when you spend.

                      HSBC Revolution Card even comes with a fee-waiver, unlike some alternative cards. After just S$12,500 annual spend (about S$1,042/month), cardholders are exempt from the S$160.5 fee–which is already waived the first 2 years. Overall, if you’re a young adult who prefers earning miles to cashback, there’s no better option than HSBC Revolution Card.

                      Read Our Full Review

                      • Annual fee: S$160.5, 2-year waiver, subsequently with S$12,500 annual spend
                      • 2 miles per S$1 spend on local dining & entertainment, online spend (unlimited)
                      • Online rate includes travel bookings, recurring bills & transit payments
                      • No minimum spend requirement
                      • Up to 20.2% fuel savings with Caltex, 14% with Shell
                      • Annual fee: S$160.5, 2-year waiver, subsequently with S$12,500 annual spend
                      • 2 miles per S$1 spend on local dining & entertainment, online spend (unlimited)
                      • Online rate includes travel bookings, recurring bills & transit payments
                      • No minimum spend requirement
                      • Up to 20.2% fuel savings with Caltex, 14% with Shell

                      Best No-Fee Credit Cards for Young Adults

                      Chances are, you may prefer to focus on personal spending rather than worry about paying an annual fee. The following are some of the best cards on the market that offer easy fee-waivers.

                      Best No-Fee Card for Young, Lower Spenders: Maybank Platinum Visa Card

                      PROMO: GET S$100 CASH CREDIT
                      Consider this if you spend S$300 to S$500 per month
                      • Pros
                        • Great starter card for young adults
                        • Good fit for budgets between S$300 and S$500/month
                        • S$80 annual fee
                        • Cons
                          • Few extra perks
                          • Doesn't award specialised spend (ie dining, shopping)
                          Promotions:
                          • Get S$100 cash credit with Maybank Credit Card and CreditAble when you charge and withdraw at least S$250 for each of the 2 consecutive months upon approval (until Aug 31, 2021)

                          If you’re having a hard time meeting minimum spend requirements or paying high annual card fees, you may be interested in Maybank Platinum Visa Card. Cardholders with as little as S$300 monthly spend can earn 3.33% flat cashback, up to S$30/quarter–at this spend level, most rebate cards offer base cashback rates of just 0.3%. In addition, the S$20.0 quarterly service fee is waived 3 years, and then simply with card use.

                          It’s worth mentioning that cardholders spending S$1,000/month earn S$100/quarter, which is less competitive. In addition, the card is rather simple and comes with only a few perks, like movie discounts and free travel insurance. Overall, however, Maybank Platinum Visa Card is by far the most affordable and accessible option if you want to maximise cashback for lower spend.

                          Read Our Full Review

                          • Quarterly service fee: S$20.0, 3-year waiver, subsequently with card use at least 1x/quarter
                          • S$30 quarterly rebate with at least S$300 monthly spend
                          • S$100 quarterly rebate with at least S$1,000 monthly spend
                          • Free travel insurance
                          • Quarterly service fee: S$20.0, 3-year waiver, subsequently with card use at least 1x/quarter
                          • S$30 quarterly rebate with at least S$300 monthly spend
                          • S$100 quarterly rebate with at least S$1,000 monthly spend
                          • Free travel insurance

                          Best No-Fee Rebates in Singapore & Malaysia: Maybank Family & Friends MasterCard

                          PROMO: GET S$100 CASH CREDIT
                          Consider this if you spend a lot of time in both Singapore and Malaysia
                          • Pros
                            • Good for budgets of S$800/month
                            • Awards 8% cashback on 5 categories of your choice
                            • 3 year annual fee waiver
                            • Great to use in Singapore, Malaysia, Indonesia and the Philippines
                            • Cons
                              • Merchant restrictions
                              • Lacks miles & travel perks
                              Promotions:
                              • Get S$100 cash credit with Maybank Credit Card and CreditAble when you charge and withdraw at least S$250 for each of the 2 consecutive months upon approval (until Aug 31, 2021)

                              Do you spend time in both Singapore & Malaysia, perhaps for leisure or maybe to visit family? If you want a no-fee card that maximises cashback for spend in both countries, you may be interested in Maybank Family & Friends Card. After just S$500 spend, cardholders can earn up to 5% rebate in both countries for fast food & food delivery, groceries, transport, petrol and data communications/online TV streaming (& more). Spending S$800/month earns up to 8% rebates.

                              Maybank Family & Friends Card also stands out for its fee waiver. Cardholders are exempt from the S$180.0 fee after just S$12,000 annual spend (S$1,000/month). Regardless of spend level, the fee is waived the 1st 3 years for all consumers. Overall, Maybank F&F Card is an excellent choice if you want rewards after a relatively low minimum spend and frequent both Singapore & Malaysia.

                              Read Our Full Review

                              • Annual fee: S$180.0, 3-year waiver, subsequently with S$12,000 annual spend
                              • Up to 8% rebate on fast food & food delivery, groceries, transport, petrol & data communications/online TV streaming in Singapore & Malaysia, after S$800 min spend (5% rebate with S$500 min spend)
                              • 0.3% rebate all other spend
                              • Fuel savings up to 20.88% with select petrol merchants (inc. 8% rebate)
                              • Annual fee: S$180.0, 3-year waiver, subsequently with S$12,000 annual spend
                              • Up to 8% rebate on fast food & food delivery, groceries, transport, petrol & data communications/online TV streaming in Singapore & Malaysia, after S$800 min spend (5% rebate with S$500 min spend)
                              • 0.3% rebate all other spend
                              • Fuel savings up to 20.88% with select petrol merchants (inc. 8% rebate)

                              Best Online & Shopping Credit Cards for Young Adults

                              If you’re a frequent shopper and want rewards for spending on retail, the following cards offer great ways to maximise miles or rebates.

                              Best Miles Card for Online & Fashion: Citi Rewards Card

                              Consider this if you want to maximise miles rewards on shopping expenses
                              • Pros
                                • Great for online & offline shopping
                                • Beneficial for frequent travellers
                                • Cons
                                  • Higher card fees
                                  • Limited rewards categories
                                  Promotions:

                                  If you mostly shop online, or for fashion, you may be interested in Citi Rewards Card. Cardholders earn 4 miles per S$1 spend on online transactions (including online food & grocery delivery and ride-hailing services), as well as on clothing, shoes, bags & more (including at department stores). Transactions are eligible for rewards whether they’re made locally or overseas. This makes Citi Rewards Card an especially easy to use card for young adults interested in keeping up with fashion trends and who prefer to spend online. There’s a S$192.6 fee, but it’s waived 1 year.

                                  Read Our Full Review

                                  • Annual fee: S$192.6, 1-year waiver
                                  • 4 miles (10pts) per S$1 fashion retail spend (local, overseas, online & offline)
                                  • 4 miles (10pts) per S$1 online (inc. online food & grocery delivery, ride-hailing services)
                                  • Free travel insurance
                                  • Rewards for taxes, rent, electricity bills, condominium management & school fees w/ Citi PayAll
                                  • Up to 14% fuel savings with Esso & Shell
                                  • Annual fee: S$192.6, 1-year waiver
                                  • 4 miles (10pts) per S$1 fashion retail spend (local, overseas, online & offline)
                                  • 4 miles (10pts) per S$1 online (inc. online food & grocery delivery, ride-hailing services)
                                  • Free travel insurance
                                  • Rewards for taxes, rent, electricity bills, condominium management & school fees w/ Citi PayAll
                                  • Up to 14% fuel savings with Esso & Shell

                                  Miles for Young, Social Lazada Loyalists: Citi Lazada Card

                                  PROMO: GET S$250 IN LAZADA & REDMART VOUCHERS
                                  Consider this if you want to earn miles for online shopping & social spend
                                  • Pros
                                    • 4 mi (10pts) per S$1 spend on Lazada
                                    • 2 mi (5pts) on dining, transport & more
                                    • Shipping rebates & exclusive Lazada deals
                                    • Cons
                                      • Rewards capped at 4k mi (10k pts) per month
                                      • S$192.60 fee waived just 1 year
                                      • General spend earns 0.4 mi per S$1
                                      Promotions:
                                      • New Citi cardmembers get 3 S$50 Lazada vouchers & 4 S$25 Redmart vouchers with S$250 min spend within 1 month of card approval (until Aug 31, 2021)
                                      • Use code CITINC21 to get S$10 off foodpanda for new customers spending at least S$15 online with Citi Credit Cards (until Dec 31, 2021)

                                      Many young adults spend quite a bit on dining, entertainment, and private hires like Grab and Gojek; Citi Lazada Card rewards all of these spend categories with 2 miles (5pts) per S$1 spend, but stands out most for its great rates on Lazada spend. Online platform shoppers earn a market-leading 4 miles (10pts) per S$1 spend, plus $1.99 shipping rebates on purchases of S$50+ (up to 4x/month). Consumers can deepen their savings further with exclusive discounts and deals available only to Citi Lazada cardholders.

                                      Still, Citi Lazada Card is best for those with smaller shopping budgets, which is another reason why it's a great fit for younger spenders. Earnings are capped at 4,000 miles (10,000pts) per month, which is equal to S$40 value-to-consumer. Cardholders can max out their rewards earnings with just S$1k spend with Lazada. As a result, young adults who spend about this much monthly on online shopping & local social spend are most likely to maximise rewards with Citi Lazada Card.

                                      Read Our Full Review

                                      • Annual fee: S$192.6, 1-year waiver
                                      • Up to 4 miles (10pts) per S$1 spend w/ Lazada
                                      • Up to 2 miles (5pts) per S$1 on dining, travel, entertainment & transport
                                      • Receive S$1.99 shipping rebate for Lazada purchases of S$50+ (up to 4x/mo)
                                      • Exclusive offers & discounts with Lazada
                                      • Free travel insurance
                                      • Annual fee: S$192.6, 1-year waiver
                                      • Up to 4 miles (10pts) per S$1 spend w/ Lazada
                                      • Up to 2 miles (5pts) per S$1 on dining, travel, entertainment & transport
                                      • Receive S$1.99 shipping rebate for Lazada purchases of S$50+ (up to 4x/mo)
                                      • Exclusive offers & discounts with Lazada
                                      • Free travel insurance

                                      Rebate Card for Online & Mobile Payments: DBS Live Fresh Card

                                      PROMO: USE CODE AUGFLASH TO GET S$300 CASHBACK
                                      Consider this if you shop online or use mobile wallet frequently
                                      • Pros
                                        • Great rewards on contactless payment methods (Visa payWave)
                                        • Green cashback on eco-eateries and retailers
                                        • Various entertainment discounts and promotions
                                        • Cons
                                          • Lacks travel and overseas spend rewards
                                          • Not suitable for low budgets
                                          Promotions:
                                          • Apply with code AUGFLASH to get S$300 cashback with min spend of S$300 within 30 days of card approval (until Aug 16, 2021)

                                          DBS Live Fresh Card is a great option for tech-friendly young adults who prioritise convenience. Cardholders earn 5% cashback online and for all contactless spend, including mobile pay. This is a great pairing because it allows consumers to earn on nearly all spend–as long as they’re comfortable using a mobile wallet. DBS Live Fresh Card is even SimplyGo compatible, which is great for overall convenience. It’s worth mentioning, however, that cardholders can only access these rates after S$600 minimum spend, and there’s a S$192.6 fee (waived 1 year). Overall, young adults looking for a straightforward cashback card to consolidate spend and streamline their wallet may be interested in DBS Live Fresh Card.

                                          Read Our Full Review

                                          • Annual fee: S$192.6, 1-year waiver
                                          • 5% rebate on online spend & contactless purchases
                                          • All-in-one card with SimplyGo functionality
                                          • Annual fee: S$192.6, 1-year waiver
                                          • 5% rebate on online spend & contactless purchases
                                          • All-in-one card with SimplyGo functionality

                                          Best Shopping Card for Retail Spend: OCBC Titanium Rewards Card

                                          PROMO: GET VOUCHERS WORTH S$300
                                          Consider this if you want to accrue miles from your shopping purchases
                                          • Pros
                                            • 10 pts (4 miles) per S$1 on fashion & select retail (Qoo10, Amazon, & more)
                                            • Fee waiver with S$10,000 annual spend
                                            • Lounge & JetQuay Quayside access
                                            • Up to 16% fuel savings with Caltex, 14% with Esso
                                            • Cons
                                              • 1 pt (0.4 miles) per S$1 other spend
                                              • Earnings capped at 4,000 mi/mo (worth S$40)
                                              Promotions:
                                              • New cardholders get welcome gift vouchers worth up to S$300 via STACK loyalty platform within 7 business days of card approval
                                              • Redeem 10,000 KrisFlyer Miles when you earn 25,000 OCBC$

                                              OCBC Titanium Rewards Card is the best miles-earning card on the market for retail shoppers, including young adults. Cardholders enjoy 4 miles per S$1 spend on fashion retail, electronics, at department stores and with select retail merchants (Amazon, Alibaba, Lazada, Qoo10, Shopee & many more). This means you can earn on everything from food products to beauty supplies. In addition, all kinds of transactions are rewarded (online, offline, local & overseas).

                                              OCBC Titanium Rewards Card is an especially great option for young adults because there is no minimum spend requirement, and there’s an easy fee-waiver. Cardholders are exempt from the S$192.6 fee (already waived 2 years) with just S$10,000 annual spend. This means young adults can immediately been earning for all types of shopping spend, without worrying about extra fees. Overall, OCBC Titanium Card is the best retail card for young shoppers.

                                              Read Our Full Review

                                              • Annual fee: S$192.6, 2-year waiver, subsequently with S$10,000 annual spend
                                              • 10 Pts (4 miles) per S$1 spend on fashion retail, department stores, electronics & select merchants (online, offline, locally & overseas)
                                              • Discounted airport lounge & JetQuay Quayside access
                                              • Up to 16% fuel savings with Caltex, 14% with Esso
                                              • Annual fee: S$192.6, 2-year waiver, subsequently with S$10,000 annual spend
                                              • 10 Pts (4 miles) per S$1 spend on fashion retail, department stores, electronics & select merchants (online, offline, locally & overseas)
                                              • Discounted airport lounge & JetQuay Quayside access
                                              • Up to 16% fuel savings with Caltex, 14% with Esso

                                              Best Rebates for Online Overseas: Standard Chartered SingPost Spree Card

                                              Standard Chartered Spree Credit Card
                                              Standard Chartered Spree Credit Card
                                              Consider this if you shop frequently from websites outside of Singapore
                                              • Pros
                                                • Great for monthly budgets below S$500
                                                • Rewards overseas retailer shopping
                                                • Cons
                                                  • Not suitable for monthly budgets of S$500+
                                                  • Lacks local shopping rewards
                                                  Promotions:

                                                  If you have a shopping budget of S$300–S$500/month and like to shop online overseas, you can maximise cashback with Standard Chartered SingPost Spree Card. Without having to worry about a minimum spend requirement, cardholders earn 3% cashback on foreign online & vPost transactions, 2% on local online, & contactless transactions, and 1% on general spend. Cardholders also receive discounts on shipping and packaging of up to 20%.

                                                  These rates are higher than what cardholders can earn with alternatives, which offer base rates of about 0.3% for very low spend levels. However, people who can consistently meet typical minimum spend requirements (S$600+/month) can earn more with other cards. All things considered, SC SingPost Spree Card is best for people with smaller shopping budgets who spend with overseas merchants on Amazon, or similar sites.

                                                  Read Our Full Review

                                                  • Annual fee: S$192.6, 2-year waiver
                                                  • 3% cashback on foreign online & vPost transactions, 2% local online & contactless transactions
                                                  • 1% cashback on general spend
                                                  • Up to 20% discounts with vPost, SmartPac, Lock+Smart
                                                  • Online Price Guarantee & 0% Interest Instalment Plan
                                                  • Up to 19.8% fuel savings with Caltex
                                                  • Annual fee: S$192.6, 2-year waiver
                                                  • 3% cashback on foreign online & vPost transactions, 2% local online & contactless transactions
                                                  • 1% cashback on general spend
                                                  • Up to 20% discounts with vPost, SmartPac, Lock+Smart
                                                  • Online Price Guarantee & 0% Interest Instalment Plan
                                                  • Up to 19.8% fuel savings with Caltex

                                                  Best Cashback Card for Low Income Earners: CIMB AWSM Card

                                                  PROMO: GET 9% OFF EXPEDIA HOTEL BOOKINGS
                                                  CIMB AWSM Card
                                                  CIMB AWSM Card
                                                  Consider this if you earn S$18,000 and S$30,000 per year and are below the age of 35
                                                  • Pros
                                                    • Students, NSFs & low-income consumers earning less than S$30,000/year
                                                    • People with high spend on dining, entertainment, online shopping & telco
                                                    • Individuals interested in discounts & deals in Indonesia and Malaysia
                                                    • Cons
                                                      • Individuals who earn more than S$30,000/year
                                                      • People who tend to eat in, and prefer to shop offline
                                                      • Young adults looking for cashback on their utilities spend

                                                      If you’re just starting out in your career and earn between S$18,000–S$29,000/year, CIMB AWSM Card is one of the best cashback cards on the market to consider. Most credit cards require a minimum income of S$30,000; this requirement can sometimes be waived with a S$10,000+ fixed deposit as collateral. If this isn’t feasible, however, you’re still in good hands with CIMB AWSM Card–applicants under 35 years old are eligible for approval, as long as they earn at least S$18,000/year.

                                                      Cardholders earn an unlimited 1% rebate on all dining, entertainment, online shopping & telco spend. There’s no minimum spend requirement, and no annual fee. In effect, there’s no better card on the market for low-income working adults–which is why we recommend CIMB AWSM Card to young adults who are just starting out as new employees.

                                                      Read Our Full Review

                                                      • Annual fee: Free
                                                      • Accessible to working adults earning up to S$30,000/year
                                                      • 1% unlimited cashback on dining, entertainment, online shopping & telco
                                                      • No minimum spend requirement
                                                      • S$500 credit limit
                                                      • Access to CIMB Deals & Discounts
                                                      • Annual fee: Free
                                                      • Accessible to working adults earning up to S$30,000/year
                                                      • 1% unlimited cashback on dining, entertainment, online shopping & telco
                                                      • No minimum spend requirement
                                                      • S$500 credit limit
                                                      • Access to CIMB Deals & Discounts

                                                      Rebate Card for Low Income Salaried Adults: Standard Chartered Manhattan S$500 Card

                                                      Standard Chartered MANHATTAN $500 Card
                                                      Standard Chartered MANHATTAN $500 Card
                                                      Consider this if you want to earn straightforward cashback
                                                      • Pros
                                                        • Low-income young adults earning less than S$30,000/year
                                                        • People looking for a straightforward cashback card
                                                        • Cons
                                                          • Students & NSFs looking to maximise cashback rewards
                                                          • Consumers seeking cards with extra benefits & rebates
                                                          • People who want to avoid card fees altogether

                                                          Standard Chartered Manhattan S$500 Card is one of the few options on the market available to low-income working adults. Consumers earning between S$18,000–S$29,000/year are eligible; most cards require S$30,000 as a minimum income requirement. With SC Manhattan S$500 Card, however, low-earners receive 0.25% flat rebate on all spend. There are no minimum spend requirements, no earning caps, and no merchants or categories to track. While the rewards rate is low, SC Manhattan S$500 Card is one of the easiest cards to use. While there’s a S$32.1 annual fee, it’s rather low and is waived the 1st year. Overall, if you’re a young working adult with a low salary, you may be interested in considering SC Manhattan S$500 Card.

                                                          Read Our Full Review

                                                          • Annual fee: S$32.1, 1-year waiver
                                                          • Accessible to working adults earning up to S$18,000/year
                                                          • 0.25% unlimited rebate on all spend, no minimum requirement
                                                          • S$500 credit limit
                                                          • Annual fee: S$32.1, 1-year waiver
                                                          • Accessible to working adults earning up to S$18,000/year
                                                          • 0.25% unlimited rebate on all spend, no minimum requirement
                                                          • S$500 credit limit

                                                          Summary of Best Credit Cards for Young Adults 2021

                                                          Below, we've prepared a summary of our picks for the best credit cards for young adults in 2021.

                                                          CardBest for...Annual Fee
                                                          OCBC FrankYoung Adults, Low MinimumS$80.0 (waiver)
                                                          UOB YOLOWeekend Social SpendS$192.6
                                                          Citi SMRTEZ-Link & Young ProfessionalsS$192.6
                                                          HSBC RevolutionSocial & Online SpendS$160.5 (waiver)
                                                          Maybank Platinum VisaLow SpendersS$80.0 (waiver)
                                                          Maybank F&FSpend in Singapore & MalaysiaS$180.0 (waiver)
                                                          OCBC TitaniumRetail ShoppersS$192.6 (waiver)
                                                          Citi RewardsFashion ShoppingS$192.6
                                                          CardBest for...Annual Fee
                                                          OCBC FrankYoung Adults, Low MinimumS$80.0 (waiver)
                                                          UOB YOLOWeekend Social SpendS$192.6
                                                          Citi SMRTEZ-Link & Young ProfessionalsS$192.6
                                                          HSBC RevolutionSocial & Online SpendS$160.5 (waiver)
                                                          Maybank Platinum VisaLow SpendersS$80.0 (waiver)
                                                          Maybank F&FSpend in Singapore & MalaysiaS$180.0 (waiver)
                                                          OCBC TitaniumRetail ShoppersS$192.6 (waiver)
                                                          Citi RewardsFashion ShoppingS$192.6

                                                          Compare the Best Credit Cards for Young Adults by Dollar Value

                                                          The graph below represents the approximate value-to-consumer (in SGD) of the best credit cards for movies in Singapore. Dollar values are calculated based on approximate rewards earned with a S$2,000 monthly spend for 2 years. This number varies, however, depending on individual spending habits.

                                                          A graph displaying how best credit cards for young adults compare to one another in terms of value-to-consumer
                                                          Best Credit Cards for Young Adults in Singapore by Estimated 2-Year Dollar Value
                                                          Zoryana Melesh

                                                          Zoryana is a Senior Research Analyst at ValueChampion, who focuses on evaluating credit cards, savings and fixed deposits in Singapore. She holds a BA in Political Science and an MPA in International Finance and Economic Policy, both from Columbia University. Prior to joining ValueChampion, Zoryana worked in treasury management consulting.

                                                          {"endpoint":"\/newsletter\/subscribe","style":"blue","title":"Keep up with our news and analysis.","version":"sidebar"}