Best Debit and Student Debit Cards in Singapore 2022

Choosing the right debit card is heavily reliant on your spending habits. Read our comprehensive review of debit cards in Singapore to help you find the best debit card in Singapore. From DBS to student debit cards, we have covered it all accounting for minimum spend, rewards rates, and limit on earnings.

Best Debit Card for Cashback
  • SAFRA DBS Debit Card: Up to 2% Cashback for all contactless spend in-store or online. Access to SAFRA facilities.
Best Debit Card for Students
  • DBS Visa Debit Card: 4% cashback on online food delivery, 3% on local public and private transport, 2% on all foreign currency spend
Best Debit Cards for Shopping:
Best Debit Cards for Overseas Travel:
  • DBS Visa Debit Card: 4% cashback on online food delivery, 3% on local public and private transport, 2% on all foreign currency spend
  • UOB KrisFlyer Debit Card: Earn up to 5.4 miles per S$1 spend with no salary crediting and up to 6.4 miles per S$1 with salary crediting.
Best Debit Card for Boosted Savings
  • UOB One Visa Debit Card: High interest rate up to 2.5% p.a. 3% cashback on Shopee and groceries, 1% cashback on all Grab purchases
Best Debit Card for 16 Year Olds:

Compare Best Debit Cards by Cashback and Rebate Value

We analyzed the best debit cards on the market to see which offers the best rebate and cashback rates for varying types of spend. Based on rebate rates, cashback limit, and minimum spend, we’ve compiled a list that will provide cardholders with the most value when making purchases with their debit card.

Best Debit Card for Cashback
  • SAFRA DBS Debit Card: Up to 2% Cashback for all contactless spend in-store or online. Access to SAFRA facilities.
Best Debit Card for Students
  • DBS Visa Debit Card: 4% cashback on online food delivery, 3% on local public and private transport, 2% on all foreign currency spend
Best Debit Cards for Shopping:
Best Debit Cards for Overseas Travel:
  • DBS Visa Debit Card: 4% cashback on online food delivery, 3% on local public and private transport, 2% on all foreign currency spend
  • UOB KrisFlyer Debit Card: Earn up to 5.4 miles per S$1 spend with no salary crediting and up to 6.4 miles per S$1 with salary crediting.
Best Debit Card for Boosted Savings
  • UOB One Visa Debit Card: High interest rate up to 2.5% p.a. 3% cashback on Shopee and groceries, 1% cashback on all Grab purchases
Best Debit Card for 16 Year Olds:

Compare Best Debit Cards by Cashback and Rebate Value

We analyzed the best debit cards on the market to see which offers the best rebate and cashback rates for varying types of spend. Based on rebate rates, cashback limit, and minimum spend, we’ve compiled a list that will provide cardholders with the most value when making purchases with their debit card.

Best Cashback Debit Card: SAFRA DBS Debit Card

  • 2% cashback on all local contactless spend, 0.3% cashback on retail spend, 1% cashback on online spend.
  • To qualify for cashback, cardholder must spend a monthly minimum of S$400
  • Cashback earnings limit is S$50
  • Must be a SAFRA member (S$80 for 2-year membership)
The SAFRA DBS Debit Card offers great cashback rates on almost all types of spend. Cardholders who spend above S$400 monthly qualify for 2% cash back rebate on all contactless Mastercard spend. Additionally, cardholders also earn 1% on all online spend and 0.3% on all retail spend.

Aside from foreign exchange spend, the SAFRA DBS Debit Card allows members to earn cashback and a variety of purchases, making it very beneficial to card holders that frequently charge their debit or credit card. The limit to the cashback earnings with this debit card is capped at S$50, which is amongst the highest cashback caps. Overall, the SAFRA DBS Debit card offers great value to card holders with frequent and diverse spending.

  • Stand-Out: 2% cashback on all local contactless spend, 0.3% cashback on retail spend, 1% cashback on online spend.
  • To qualify for cashback, cardholder must spend a monthly minimum of S$400
  • Cashback earnings limit is S$50
  • Must be a SAFRA member (S$80 for 2-year membership)
The SAFRA DBS Debit Card offers great cashback rates on almost all types of spend. Cardholders who spend above S$400 monthly qualify for 2% cash back rebate on all contactless Mastercard spend. Additionally, cardholders also earn 1% on all online spend and 0.3% on all retail spend.


Aside from foreign exchange spend, the SAFRA DBS Debit Card allows members to earn cashback and a variety of purchases, making it very beneficial to card holders that frequently charge their debit or credit card. The limit to the cashback earnings with this debit card is capped at S$50, which is amongst the highest cashback caps. Overall, the SAFRA DBS Debit card offers great value to card holders with frequent and diverse spending.

Credit Card Alternative: UOB One Card

Consider this if you want to earn 5% rebate on all spend
  • Pros
    • Good fit for budgets of at least S$2,000 per month
    • Easy cashback on daily spend
    • Gives rebates for paying bills
    • Cons
      • Doesn't fit high budgets or low/inconsistent budgets
      • Annual fee
      • Annual fee: S$192.6, 1-year waiver
      • 5% rebate on all spend, with a minimum monthly spend of S$2,000 in 5 purchases (cashback cap of S$300/quarter)
      • 6% on utility bill spend & 5% on Grab rides and UOB Travel
      • 3.33% rebate, with minimum spend of S$1,000 (cashback cap of S$1,000)
      • 3.33% rebate, with minimum spend of S$500 (cashback cap of S$500)
      • SMART$ Rebate Program

      The UOB One credit card offers rewarding cashback rates, especially for cardholders that have a minimum monthly spend of S$2,000. Individuals that meet this monthly spend will earn 5% cashback on their purchases. Additionally, they will earn 6% on utility bill payments and 10% on UOB Travel and Grab rides. Cashback for this spend is capped at S$300/quarter. Individuals that do not meet the minimum monthly spend of S$2,000, can earn a flat cashback rate of 3.33%, which is capped at S$50/quarter (with minimum monthly spend of S$500) or S$100/quarter (with minimum monthly spend of S$1,000).

      The UOB One credit card also offers SMART$ rebates which allows cardholders to earn even more cashback on their spend. For an annual fee of S$192.60, cardholders can double their rebates on their spend with select merchants. Overall, this credit card offers the best flat rate rebate on the market for average spenders.

      Best Debit Card for Students: DBS Visa Debit Card

      • up to 4% cashback on selected spend, no foreign exchange fee with linked MCA Account.
      • 4% cashback on online food delivery
      • 3% cashback on local transport
      • 2% on all foreign currency spend
      • Cashback can be redeemed with min of S$500/month spend and less than S$400 withdrawn
      The DBS Visa Debit Card offers great value for any student looking to earn cashback on their purchases. It offers 4% cashback on online food delivery, which will benefit students that frequently order takeout. It also offers 3% cashback on local transport, and online spend, which gives students the added benefit of getting rewards if they commute or make frequent purchases online. Additionally, it offers 2% cashback on all foreign currency spend.


      The cashback limit is established on a user-by-user basis. Once an individual signs up for their debit card, their monthly cashback limit will be established. In order to qualify for the cashback rewards, cardholders must spend a monthly minimum of S$500 and withdraw less than S$400. Overall, this card greatly benefits students that find themselves frequently making a wide variety of purchases.

      • Stand-Out: up to 4% cashback on selected spend, no foreign exchange fee with linked MCA Account.
      • 4% cashback on online food delivery
      • 3% cashback on local transport
      • 2% on all foreign currency spend
      • Cashback can be redeemed with min of S$500/month spend and less than S$400 withdrawn
      The DBS Visa Debit Card offers great value for any student looking to earn cashback on their purchases. It offers 4% cashback on online food delivery, which will benefit students that frequently order takeout. It also offers 3% cashback on local transport, and online spend, which gives students the added benefit of getting rewards if they commute or make frequent purchases online. Additionally, it offers 2% cashback on all foreign currency spend.


      The cashback limit is established on a user-by-user basis. Once an individual signs up for their debit card, their monthly cashback limit will be established. In order to qualify for the cashback rewards, cardholders must spend a monthly minimum of S$500 and withdraw less than S$400. Overall, this card greatly benefits students that find themselves frequently making a wide variety of purchases.

      Credit Card Alternative: Maybank eVibes Card

      PROMO: APPLY AND S$50 CASH CREDIT
      Consider this if you want to earn 1% cashback on all purchases with no minimum spend
      • Pros
        • Students & NSF earning less than S$30,000/year
        • People looking for easy cashback on all spend
        • Individuals hoping to avoid paying an annual fee
        • Cons
          • Young adults who’d prefer a card with EZ-Link functionality
          • S$20.0 annual fee, waived if card is used at least once every 3 months
          • 1% flat rebate with no minimum spend requirement
          • Credit limit of S$500
          • Maybank TREATS discounts

          The Maybank eVibes Credit Card offers students a great opportunity to earn rewards and cashback on their everyday purchases. Cardholders earn 1% cashback on all spend with no minimum spend required to start earning, giving students the ability to start quickly earning cashback on their spend. The Maybank eVibes card has a S$5 quarterly fee that can be waived with card use, which makes this credit card almost maintenance-free.

          In addition to cashback, this credit card gives cardholders access to Maybank’s TREATS program, which offers a variety of rewards including meal coupons and discounts on amusement park tickets.

          Best Debit Cards for Shopping

          Want to save while shopping? We have got you covered! If you would like to earn cashback while you shop, consider the following debit cards in Singapore.

          Best Debit Card for Online Shopping: OCBC Plus! Visa Debit Card

          • No Fee for the first year, receive up to 4% off for purchases made at FairPrice. Rebate can be pushed up to 7% with a minimum spending of S$500
          • S$24 annual fee. Free for the first year. Must spend S$1,200 p.a. to qualify for waiver for subsequent years
          • 4 LinkPoints = S$1 spent
          • Must meet the minimum S$200 spend requirement to qualify
          The OCBC Plus! Visa Debit Card is a great option for frequent online shoppers, who can enjoy 4% off of all online purchases from FairPrice. To qualify for the discount, cardholders must spend a minimum of S$200 outside of FairPrice in order to start earning the rebate. The rebate is given in the form of LinkPoints where 100 LinkPoints is equal to S$1.


          Additionally, cardholders don’t have to worry about paying a card fee if their annual spend exceeds S$1,200. Overall, the OCBC Plus! Visa Debit Card is a great card for the average spender who wants to rebate points for their FairPrice online spending.

          • Stand-Out: No Fee for the first year, receive up to 4% off for purchases made at FairPrice. Rebate can be pushed up to 7% with a minimum spending of S$500
          • S$24 annual fee. Free for the first year. Must spend S$1,200 p.a. to qualify for waiver for subsequent years
          • 4 LinkPoints = S$1 spent
          • Must meet the minimum S$200 spend requirement to qualify
          The OCBC Plus! Visa Debit Card is a great option for frequent online shoppers, who can enjoy 4% off of all online purchases from FairPrice. To qualify for the discount, cardholders must spend a minimum of S$200 outside of FairPrice in order to start earning the rebate. The rebate is given in the form of LinkPoints where 100 LinkPoints is equal to S$1.


          Additionally, cardholders don’t have to worry about paying a card fee if their annual spend exceeds S$1,200. Overall, the OCBC Plus! Visa Debit Card is a great card for the average spender who wants to rebate points for their FairPrice online spending.

          Best Debit Card for Grocery Shopping: NTUC Plus! Visa Debit Card

          • 8% off purchases at FairPrice, Unity and Warehouse Club stores, can be boosted to 12% with a minimum of S$500 spent
          • Earn LinkPoints & Cashback
          • 100 LinkPoints = S$1
          • Cashback spend is only applicable to FairPrice, Unity, and Warehouse Club
          • Get savings up to 20.3% for fuel, 3% at Cheers and Popular, 1% on Telco and 0.22% on LinkPoints
          The NTUC Plus! is one of the best debit cards for grocery spend cashback and rebates. It offers 8% cashback (4% cashback, 4% LinkPoints rebate) on all FairPrice, Unity, and Warehouse Club in-store purchases. Additionally, this card offers 8% cashback (4% cashback, 3% LinkPoints rebate) for all FairPrice online purchases. The LinkPoints conversion is 100 LinkPoints = S$1.


          In order to qualify for the discounts, a minimum spend of S$200 outside of FairPrice is required to qualify. In order to qualify for the discounts, a minimum spend of S$200 outside of FairPrice is required to qualify. The total amount of cashback is limited to S$240 per year. Overall, the NTUC Plus! Debit Card offers great rates for grocery purchases and will benefit the debit card holder greatly.

          • Stand-Out: 8% off purchases at FairPrice, Unity and Warehouse Club stores, can be boosted to 12% with a minimum of S$500 spent
          • Earn LinkPoints & Cashback
          • 100 LinkPoints = S$1
          • Cashback spend is only applicable to FairPrice, Unity, and Warehouse Club
          • Get savings up to 20.3% for fuel, 3% at Cheers and Popular, 1% on Telco and 0.22% on LinkPoints
          The NTUC Plus! is one of the best debit cards for grocery spend cashback and rebates. It offers 8% cashback (4% cashback, 4% LinkPoints rebate) on all FairPrice, Unity, and Warehouse Club in-store purchases. Additionally, this card offers 8% cashback (4% cashback, 3% LinkPoints rebate) for all FairPrice online purchases. The LinkPoints conversion is 100 LinkPoints = S$1.


          In order to qualify for the discounts, a minimum spend of S$200 outside of FairPrice is required to qualify. In order to qualify for the discounts, a minimum spend of S$200 outside of FairPrice is required to qualify. The total amount of cashback is limited to S$240 per year. Overall, the NTUC Plus! Debit Card offers great rates for grocery purchases and will benefit the debit card holder greatly.

          Best Debit Card for Retail Shopping: Bank of China - Great Wall International Debit Card

          • No annual fee, no waiver dependencies, Cashback Rate of 0.1%.
          • No annual fee
          • Cashback earnings limit capped at S$10
          • Must spend monthly minimum of S$100 to qualify for cashback
          The Bank of China Great Wall International Debit Card offers cardholders a rate of 0.1% cashback on all of their purchases including retail. In order to earn the cashback rate, a cardholder must spend a minimum of S$100 monthly to qualify. The limit on the cashback rate is capped at $10.


          Another added benefit of the Great Wall International Debit Card is that there is no annual fee, giving cardholders the opportunity to save on card related expenses. Overall, the Bank of China Great Wall International Debit Card offers a fair rate to retail shoppers at a low minimum spend threshold.

          • Stand-Out: No annual fee, no waiver dependencies, Cashback Rate of 0.1%.
          • No annual fee
          • Cashback earnings limit capped at S$10
          • Must spend monthly minimum of S$100 to qualify for cashback
          The Bank of China Great Wall International Debit Card offers cardholders a rate of 0.1% cashback on all of their purchases including retail. In order to earn the cashback rate, a cardholder must spend a minimum of S$100 monthly to qualify. The limit on the cashback rate is capped at $10.


          Another added benefit of the Great Wall International Debit Card is that there is no annual fee, giving cardholders the opportunity to save on card related expenses. Overall, the Bank of China Great Wall International Debit Card offers a fair rate to retail shoppers at a low minimum spend threshold.

          Credit Card Alternative: CIMB Visa Signature

          PROMO: Qualified customers can get up to S$188^ cashback
          Consider this if you want to earn 10% cashback on online retail, groceries, pet shops & vet services, and more
          • Pros
            • Rewards online shopping, groceries and beauty spend
            • Rewards pet spend and cruises
            • No annual fee credit card
            • Cons
              • Lacks discounts on transport & petrol
              • Speciliazed spend
              • Doesn't fit frequent travellers
              • Earn 10% rebates on online shopping, groceries, beauty, petcare & cruises
              • Global concierge & free travel insurance
              • Unlimited 0.2% cashback on all other retail purchases
              • 0% interest installment plans

              The CIMB Visa Signature Credit Card offers individuals a great way to earn cashback on their shopping and grocery spend with no added fees. Cardholders have the opportunity to earn 10% cashback on groceries, petcare, cruise lines, online fashion, and beauty, with a minimum monthly spend of S$800. The cashback earned is capped at S$100/month, giving a cardholder the opportunity to earn S$1,200 annually in cashback.

              However, cashback is capped at S$20 per category. This means that in order to maximize cashback, the cardholder must spend at least S$200 per month in each category. The CIMB Visa Signature Card has no annual fee, so cardholders have no obligation to meet a minimum monthly spend.

              Best Debit Cards for Overseas Travel

              With borders opening up again, you may be looking for a debit card to earn rewards while travelling. From UOB to DBS debit cards, we have included the best debit cards in Singapore to travel with.

              DBS Visa Debit Card

              • up to 4% cashback on selected spend, no foreign exchange fee with linked MCA Account.
              • 4% cashback on online food delivery
              • 3% cashback on local transport
              • 2% on all foreign currency spend
              • Cashback can be redeemed with min of S$500/month spend and less than S$400 withdrawn
              The DBS Visa Debit Card is great for overseas travelers who frequently spend in foreign currency. Cardholders earn 2% Cashback on all foreign currency spend. Additionally, there is no exchange fee if the card is linked to a DBS Multi-Currency Account. Along with foreign currency cashback, the DBS Visa Debit Card also offers 4% cashback on online food delivery, and 3% cashback on all local transport.


              In order to qualify for cashback, the debit card holder must have a minimum monthly spend of S$500 and withdraw less than S$400. Overall, the DBS Visa Debit Card offers great currency exchange cashback and has no foreign exchange fee, making it a beneficial debit card for any international traveler.

              • Stand-Out: up to 4% cashback on selected spend, no foreign exchange fee with linked MCA Account.
              • 4% cashback on online food delivery
              • 3% cashback on local transport
              • 2% on all foreign currency spend
              • Cashback can be redeemed with min of S$500/month spend and less than S$400 withdrawn
              The DBS Visa Debit Card is great for overseas travelers who frequently spend in foreign currency. Cardholders earn 2% Cashback on all foreign currency spend. Additionally, there is no exchange fee if the card is linked to a DBS Multi-Currency Account. Along with foreign currency cashback, the DBS Visa Debit Card also offers 4% cashback on online food delivery, and 3% cashback on all local transport.


              In order to qualify for cashback, the debit card holder must have a minimum monthly spend of S$500 and withdraw less than S$400. Overall, the DBS Visa Debit Card offers great currency exchange cashback and has no foreign exchange fee, making it a beneficial debit card for any international traveler.

              KrisFlyer UOB Debit Card

              KrisFlyer UOB Debit Card
              KrisFlyer UOB Debit Card
              • Earn up to 5.4 miles per S$1 spend with no salary crediting and up to 6.4 miles per S$1 with salary crediting.
              • Promotions:
              • Annual: S$53.50 fee
              • S$2 fee if the account balance goes below S$1000
              • Earn 0.05% interest on account balances over S$15,000
              • Earn up to 5.4 bonus miles pe S$1 with a minimum balance of S$1000 and up to 6.4 bonus miles per S$1 when you additionally debit your salary. (bonus miles capped at 5% of average monthly balance).
              The KrisFlyer UOB Debit Card is a great option for frequent fliers. Cardholders earn 0.4 miles for every S$1 spent. Additionally, there is potential to earn 5 bonus miles when the cardholder deposits S$1000 into their account, and an additional bonus mile when they debit their salary, giving the debit card holder the opportunity to earn 6.4 total miles for every S$1 spent. The bonus miles are capped at 5% of the average monthly balance in the account.


              Overall, frequent fliers will benefit greatly from this debit card’s reward miles and discounted airline transportation.

              KrisFlyer UOB Debit Card
              KrisFlyer UOB Debit Card
              • Stand-Out: Earn up to 5.4 miles per S$1 spend with no salary crediting and up to 6.4 miles per S$1 with salary crediting.
              • Promotions:
              • Annual: S$53.50 fee
              • S$2 fee if the account balance goes below S$1000
              • Earn 0.05% interest on account balances over S$15,000
              • Earn up to 5.4 bonus miles pe S$1 with a minimum balance of S$1000 and up to 6.4 bonus miles per S$1 when you additionally debit your salary. (bonus miles capped at 5% of average monthly balance).
              The KrisFlyer UOB Debit Card is a great option for frequent fliers. Cardholders earn 0.4 miles for every S$1 spent. Additionally, there is potential to earn 5 bonus miles when the cardholder deposits S$1000 into their account, and an additional bonus mile when they debit their salary, giving the debit card holder the opportunity to earn 6.4 total miles for every S$1 spent. The bonus miles are capped at 5% of the average monthly balance in the account.


              Overall, frequent fliers will benefit greatly from this debit card’s reward miles and discounted airline transportation.

              Credit Card Alternative: DBS Altitude Visa Signature Card

              PROMO: None currently available
              Consider this if you want to earn 1.2 mi/S$1 locally, 2 mi overseas spend, 3 mi for online travel bookings
              • Pros
                • Great for online travel bookings
                • Cons
                  • Those willing to pay an annual fee for more bonus miles
                  • Affluent travellers who are willing to pay a high fee for luxury travel perks
                  • S$192.6 annual fee, waived for the first year, waived with S$25,000 annual spend for subsequent years
                  • Earn 10,000 bonus miles w/ payment of annual fee
                  • Receive 1.2 miles / S$1 local spend, 2 miles for overseas spend, 5 miles for spend on online travel bookings
                  • Miles have no expiry date
                  • 0% interest installments with DBS My Preferred Payment Plan

                  The DBS Altitude Visa Credit Card allows cardholders to earn 1.2 miles on all local spend, 2 miles on overseas spend, and 5 miles for online travel bookings. An added benefit to this credit card is that miles do not expire, so cardholders can save their cashback without having to worry that they will lose their miles over time.

                  Additionally, cardholders receive great travel perks including free travel insurance, 2 annual lounge visits, golf rewards in SE Asia, and dining perks. The credit card has an annual fee of S$192.60, but can be easily waived with S$25,000 spend. Overall, the DBS Altitude card is a great option for those wanting to earn rewards and miles for their travel spend.

                  Best Debit Card for Boosted Savings Rate: UOB One Debit Visa Card

                  UOB One Debit Visa Card
                  UOB One Debit Visa Card
                  • High interest rate up to 2.5% p.a.
                  • Promotions:
                  • S$8 off with min. S$16 spend for new Shopee customers. Promo code: UOB8NEW
                  • S$8 off with min. S$80 spend every Wednesday on Shopee. Not valid for products listed under "Dining, Travel & Services" and "Miscellaneous" categories
                  • Card waiver for the first 3 years, subsequently $18 if the card has less than 12 transactions per year.
                  • Minimum monthly spend of S$500
                  The UOB One Debit Visa Card offers the highest interest rate on account balances out of all debit cards. The interest rate offered is a high 2.5% p.a. In order to qualify for this interest rate, the card holder must have a minimum monthly spend of S$500. In addition, the card holder must also debit their monthly salary, which is required to be a minimum of S$2000 per month. For comparison, alternative debit card interest rates are around .05%, making the UOB One Debit Visa Card substantially more beneficial than other debit cards.


                  Overall, the UOB One Debit Visa Card offers significantly higher interest rates on account balances when compared to competitors. Debit card holders who typically keep high account balances will benefit greatly from this debit card. If you are looking for alternatives to earn interest on your account balance, UOB credit cards also offer boosted savings, in addition to more competitive cashback and rewards.

                  UOB One Debit Visa Card
                  UOB One Debit Visa Card
                  • Stand-Out: High interest rate up to 2.5% p.a.
                  • Promotions:
                  • S$8 off with min. S$16 spend for new Shopee customers. Promo code: UOB8NEW
                  • S$8 off with min. S$80 spend every Wednesday on Shopee. Not valid for products listed under "Dining, Travel & Services" and "Miscellaneous" categories
                  • Card waiver for the first 3 years, subsequently $18 if the card has less than 12 transactions per year.
                  • Minimum monthly spend of S$500
                  The UOB One Debit Visa Card offers the highest interest rate on account balances out of all debit cards. The interest rate offered is a high 2.5% p.a. In order to qualify for this interest rate, the card holder must have a minimum monthly spend of S$500. In addition, the card holder must also debit their monthly salary, which is required to be a minimum of S$2000 per month. For comparison, alternative debit card interest rates are around .05%, making the UOB One Debit Visa Card substantially more beneficial than other debit cards.


                  Overall, the UOB One Debit Visa Card offers significantly higher interest rates on account balances when compared to competitors. Debit card holders who typically keep high account balances will benefit greatly from this debit card. If you are looking for alternatives to earn interest on your account balance, UOB credit cards also offer boosted savings, in addition to more competitive cashback and rewards.

                  Best Card for 16 Year Olds: Bank of China - Great Wall International Debit Card

                  • No annual fee, no waiver dependencies, Cashback Rate of 0.1%.
                  • Cashback qualifies for all local spend, excludes FX spend
                  • No fees associated with any spend
                  • Minimum monthly spend of S$100 required to qualify for cashback
                  • Cashback capped at S$10
                  The Bank of China Great Wall International Debit Card is a great card for anyone at least 16 years or older. With no annual fee or minimum annual spend, it is a great card for teenagers who may need to make the occasional purchase, but are not ready to make a commitment to a card with a required minimum spend. With the Great Wall International Debit Card, cardholders earn a cashback rate of 0.1% on all local spend, which is slightly better than they would earn by paying with cash. In order to qualify for the rate, a cardholder must spend a minimum of S$100 per month, and cashback is limited to S$10. Still, this type of debit card can help teenagers establish proper spending habits.


                  Overall, with no requirement to meet minimum spend, and the potential to earn cashback on all local spend, the Great Wall International Debit Card stands as a great debit card for 16 year olds. As an alternative to the Great Wall International Debit Card, check out our guide on supplementary credit cards, which are a great option for first time cardholders.

                  • Stand-Out: No annual fee, no waiver dependencies, Cashback Rate of 0.1%.
                  • Cashback qualifies for all local spend, excludes FX spend
                  • No fees associated with any spend
                  • Minimum monthly spend of S$100 required to qualify for cashback
                  • Cashback capped at S$10
                  The Bank of China Great Wall International Debit Card is a great card for anyone at least 16 years or older. With no annual fee or minimum annual spend, it is a great card for teenagers who may need to make the occasional purchase, but are not ready to make a commitment to a card with a required minimum spend. With the Great Wall International Debit Card, cardholders earn a cashback rate of 0.1% on all local spend, which is slightly better than they would earn by paying with cash. In order to qualify for the rate, a cardholder must spend a minimum of S$100 per month, and cashback is limited to S$10. Still, this type of debit card can help teenagers establish proper spending habits. .


                  Overall, with no requirement to meet minimum spend, and the potential to earn cashback on all local spend, the Great Wall International Debit Card stands as a great debit card for 16 year olds. As an alternative to the Great Wall International Debit Card, check out our guide on supplementary credit cards, which are a great option for first time cardholders.

                  Methodology

                  To arrive at our best debit card list for Singapore, we collected data from the terms and conditions of debit cards from over 9 major loan banks in Singapore including DBS, listed in our table below.

                  Banks in ValueChampion's Study
                  CitiBankRevolutOCBC

                  DBS

                  POSBUOB

                  HSBS

                  MayBankBank of China

                  We calculated the average spend for each category and calculated the value a cardholder would receive based on cashback rate, minimum spend, and limit on cashback. Along with these factors, our recommendations also take into consideration annual fees, transaction fees, and eligibility requirements. Based on this data, we were able to see what debit cards offer the best value and utility to the average individual in Singapore.

                  Read Also:

                  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.

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