Best No-Fee Credit Cards 2019

Credit cards with no annual fee are great for people with variable spending or who want a supplemental card to optimise their rewards. Below, we feature the best no annual fee cards and help you figure out which best fits your own circumstances. Some have no annual fees, others come with fee-waivers.

Best No-Fee Credit Cards
Best CashbackOCBC 365Rebates on essentials with easy fee-waiver
Best MilesMB HorizonMarket-leading 3.2 miles per S$1 on local food & transport
UOB PRVI MilesFee-Waiver & 20,000 bonus miles, 2.4 miles per $1 overseas
Low SpendersMB Platinum VisaEarn S$30/quarter with just S$300 monthly spend
MB F&FRebates in Singapore & Malaysia after just S$500 minimum
High SpendersHSBC AdvanceUp to 3.5% cashback capped at S$125/month
MB FC Barcelona1.6% unlimited local cashback, easy fee-waiver
Online & ShoppingHSBC Revolution2 miles per S$1 online spend (inc. transit, insurance premiums)
OCBC Titanium4 miles per S$1 on fashion & merchants like Amazon, Qoo10
Cashback + MilesHSBC Visa PlatinumRebates for dining & entertainment, miles for general

Best Cashback Credit Card with No Annual Fee: OCBC 365 Card

Consider this if you're looking for a card for general daily use

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000
Promotions:
  • Earn S$50 rebate w/ card approval
  • Receive S$40 cashback for sign-up w/ select electricity retailers

If you want a no-fee everyday card that rewards your essential spend, OCBC 365 Card is absolutely the best option on the market. Not only is there a fee waiver with just S$10,000 annual spend, there also aren’t any merchant restrictions–two benefits you won’t find with OCBC 365 Card’s key competitor. Cardholders earn 6% on dining & online food delivery and 3% on groceries, land transport (including Grab), online travel bookings, and even recurring electricity & telco bills–compared to the competitor’s 1% rebate on bills, capped at S$1/month.

In order to access these rates, cardholders must spend S$800/month, which is aligned with market norms. Cardholders can also earn up to S$80/month, which is fairly high. Ultimately, if you’re buying essentials for your family or simply want no-fee rewards for your daily spend, OCBC 365 is the only option with both a waiver and no merchant restrictions, and it’s high rates will quickly maximise your earnings.

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  • 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
  • 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

Best No-Fee Credit Cards for Air Miles

Travel cards, especially those with luxury perks, are notorious for having non-waivable fees up to S$500+. There are a few excellent cards, however, that balance top rates and great perks with spend-based waivers, making them far more accessible to consumers.

Best Miles Card for Local Budgets: Maybank Horizon Visa Signature Card

Consider this if you want to maximise miles for dining & petrol

Annual Income Requirement S$50,000
Foreigner Income Requirement S$60,000
Promotions:
  • Receive free American Tourister Luggage w/ S$300 monthly spend for 2mo (req. both card + Creditable applications)

Maybank Horizon Visa Signature Card is an excellent way for primarily local spenders to earn miles at home at top rates, but then also earn on vacation bookings and spend abroad. Cardholders earn 3.2 miles per S$1 spend on local dining, petrol, taxis & Grab, and hotel bookings with Agoda–this rate is higher than that offered by even the priciest travel cards. In addition, cardholders earn 2 miles per S$1 spend on air tickets, travel packages and foreign currency transactions, which aligns with the overseas rates of other travel cards. While earnings are limited by category, local food & transportation account for nearly have of the average budget, so most consumers can easily earn with this card.

Another way in which Maybank Horizon Card stands out is that its S$180 fee is waived for a full 3 years, and subsequently, with just S$18,000 annual spend. This means cardholders can focus on earning rather than extra costs. Ultimately, locally-based consumers looking for easy miles might find Maybank Horizon Card to be an excellent maintenance-free option.

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  • Annual fee: S$180.0, 3-year waiver, subsequently with S$18,000 annual spend
  • 3.2 miles per S$1 local spend on dining, petrol, taxis, Grab & hotel bookings with Agoda
  • 2 miles per S$1 spend on air tickets, travel packages & foreign currency transactions
  • Up to 17.2% fuel savings on petrol in Singapore
  • Access to airport lounges & free travel insurance
  • 3.2 miles per S$1 local spend on dining, petrol, taxis, Grab & hotel bookings with Agoda
  • 2 miles per S$1 spend on air tickets, travel packages & foreign currency transactions
  • Up to 17.2% fuel savings on petrol in Singapore
  • Access to airport lounges & free travel insurance

Best Travel Card for Rapid Miles: UOB PRVI Miles American Express Card

Consider this if you want to maximise mile rewards without paying an extravagant annual fee

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000
Promotions:
  • Receive up to S$150 cashback with S$1,500 spend in 1st month
  • Earn up to 3mi per S$1 spend on Klook
  • Earn up to S$10 rebate on contactless payments

UOB PRVI Miles American Express Card is the only luxury travel card with a fee waiver, allowing above-average spenders to take advantage of high rates, great perks, and even bonus miles without added cost. Cardholders earn 1.4 miles per S$1 locally, 2.4 miles overseas, and 10 miles with major airlines & hotels–rates equal to (or higher than) most pricy travel cards’. In addition, cardholders receive free travel insurance, free airport transfers and more.

Competitors charge up to S$500+ unwaivable fees for such rates and perks, but UOB PRVI Miles Cardholders receive a fee-waiver with just S$50,000 annual spend. At this spend level, cardholders even receive an extra 20,000 bonus miles, worth about S$200. If you’re able to hit this spend level and want to rapidly accrue miles, there is no better alternative than UOB PRVI Miles Card.

Read Our Full Review

  • Annual fee: S$256.8, 1-year waiver, subsequently with S$50,000 annual spend
  • 20,000 bonus annual renewal miles (worth S$200) with S$50,000 annual spend
  • 1.4 miles per S$1 local spend, 2.4 miles overseas, 10 miles at major airlines & airports
  • 8 free limo transfers & free travel insurance
  • UOB PRVI Travel Butler & Amex Essentials
  • Annual fee: S$256.8, 1-year waiver, subsequently with S$50,000 annual spend
  • 20,000 bonus annual renewal miles (worth S$200) with S$50,000 annual spend
  • 1.4 miles per S$1 local spend, 2.4 miles overseas, 10 miles at major airlines & airports
  • 8 free limo transfers & free travel insurance
  • UOB PRVI Travel Butler & Amex Essentials

Best Miles Credit Card for Affordable Perks: DBS Altitude Visa Card

DBS Altitude Visa Signature Card
DBS Altitude Visa Signature Card

Consider this if you want a good miles credit card with an easily waived annual fee

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000
Promotions:
  • Receive up to 10,000 welcome miles with S$6,000 spend
  • Earn up to 4mi/S$1 spend on commute, 2.4mi at Esso
  • Up to 10 miles per S$1 spend with Kaligo, 6 miles with Expedia

DBS Altitude Visa Card stands out by offering more travel perks than any other miles card with a fee-waiver. Cardholders earn respectable rewards rates at 1.2 miles per S$1 local spend, 2 miles overseas, 3 miles on online travel bookings. However, unlike other comparable cards, DBS Altitude Card offers free travel insurance, 2 lounge visits/year, golfing privileges throughout SE Asia, dining privileges with Visa Foodie Trail & more. In fact, these perks are more extensive than some travel cards with S$250+ fees.

To receive a fee-waiver, cardholders need to spend S$25,000 annually, so DBS Altitude Card is best for average spenders (especially those who frequently travel). If you want to avoid the high fees of pricier travel cards, but still want to enjoy luxury perks, DBS Altitude Card is perfect for you.

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  • Annual fee: S$192.6, 1-year waiver, subsequently with S$25,000 annual spend
  • 1.2 miles per S$1 locally, 2 miles overseas, 3 miles for online travel bookings
  • Free travel insurance, 2x lounge visits, golfing & dining privileges
  • DBS My Preferred Payment Plan (0% interest instalments)
  • Up to 15% fuel savings with SPC, 14% with Esso
  • Annual fee: S$192.6, 1-year waiver, subsequently with S$25,000 annual spend
  • 1.2 miles per S$1 locally, 2 miles overseas, 3 miles for online travel bookings
  • Free travel insurance, 2x lounge visits, golfing & dining privileges
  • DBS My Preferred Payment Plan (0% interest instalments)
  • Up to 15% fuel savings with SPC, 14% with Esso

Best No-Fee Credit Cards for Lower Spenders

If you have a lower budget, or are looking for a complimentary credit card to reward a smaller portion of your total spend, the following cards offer great options with low minimum spend requirements, respectable rates, and easy fee-waivers.

Best Cashback Card for Low, Local Budgets: Maybank Platinum Visa Card

Consider this if you spend S$300 to S$500 per month

Annual Income Requirement S$30,000
Foreigner Income Requirement S$60,000
Promotions:
  • Receive free American Tourister Luggage w/ S$300 monthly spend for 2mo (req. both card + Creditable applications)

If you’re looking for cashback after just S$300 local spend–maybe for a lower budget, or as a complement to a travel card–Maybank Platinum Visa Card is the only rebate card that can truly maximise your earnings while also waiving its fee. Almost all cashback cards require minimums of S$400+ (at the very least) to earn rewards beyond the base rate (usually 0.3%). With Maybank Platinum Visa Card, you can earn S$30/quarter after just S$300 local monthly spend, equal to S$1,200/year. Compare this to S$3.6/year, earned for the same spend but at the base rate.

Cardholders can also earn S$100/quarter with S$1,000/month spend, but at this spend level, alternative cards are more competitive. In addition, foreign currency transactions earn just 0.3% rebate, so this card is definitely for local spenders. However, Maybank Platinum Visa Card is ultimately the best option for low spenders because it even has a fee waiver–3 years, then with card use (at least 1x/quarter). Maybank Platinum Visa Card is the only card that offers such high rates after such a low minimum, with no annual fee.

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  • 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 (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
  • Local spend below S$300 minimum does not earn rebate
  • No minimum spend requirement for overseas rebate
  • 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 (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
  • Local spend below S$300 minimum does not earn rebate
  • No minimum spend requirement for overseas rebate
  • Free travel insurance

Best Cashback Card for Spend in Singapore & Malaysia: Maybank Friends & Family MasterCard

Consider this if you spend a lot of time in both Singapore and Malaysia

Annual Income Requirement S$30,000
Foreigner Income Requirement S$60,000
Promotions:
  • Receive free American Tourister Luggage w/ S$300 monthly spend for 2mo (req. both card + Creditable applications)

If you’re likely to spend between S$500–S$1,500/month and shop with merchants in both Singapore and Malaysia, Maybank Family & Friends Card is uniquely situated to reward your purchases at top rates. Cardholders earn 5% rebate on groceries, transport, fast food, and health & wellness after just S$500 minimum spend; a S$1,000 minimum earns 8% rebate. No other card rewards such high rates at this spend level–in fact, the closest competitor offers just 3.33%.

While rewards are limited to select merchants, many are quite popular in Singapore and Malaysia. For example, cardholders can earn from groceries at NTUC Fairprice, for eating at KFC, for taking public transit, or even spending on NTUC Healthcare. Almost all petrol merchants are included, both in Singapore and Malaysia. And, in addition to this flexibility, cardholders can avoid the S$180 fee with just S$12,000 annual spend (S$1,000/month). This makes Maybank F&F Card the best option for lower, regional spenders who don’t mind shopping with select vendors.

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  • Annual fee: S$180.0, 3-year waiver, subsequently with S$12,000 annual spend
  • 8% rebate on groceries, transport, fast food, health & wellness with select merchants in Singapore & Malaysia, after S$1,000 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
  • 8% rebate on groceries, transport, fast food, health & wellness with select merchants in Singapore & Malaysia, after S$1,000 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 No-Fee Credit Cards for High Spenders

High spenders shouldn’t have to pay high annual fees. The following cards offer unlimited & maintenance-free earning potential, without the hassle of added cost.

Best Flat Rebate Card for HSBC Banking Customers: HSBC Advance Card

Consider this if you spend at least S$3,500 per month and are open to a bank account with HSBC

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000
Promotions:
  • Receive Samsonite T5 68cm Spinner luggage or S$150 cashback

If you’re open to having an HSBC Advance banking account and spend S$3,500/month, HSBC Advance Card is the best option to maximise cashback on all of your spend. As an Advance customer, you earn 3.5% flat cashback after S$2,000 spend (2.5% if below), up to S$125/month. This is the highest earning potential on the market for capped cashback cards. Additionally, the annual fee is waived for Advance customers, making the card completely maintenance-free.

Non-Advance customers receive less competitive rates–2.5% flat cashback with S$2,000 spend (1.5% if below), up to S$70/month–and are also charged a S$192.6 fee. For this reason, we’d definitely recommended checking to see if you’d qualify for an HSBC Advance account. If you do, HSBC Advance Card is the best option for maximising cashback on above-average spend.

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  • Annual fee: S$180.0, 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
  • Annual fee: S$180.0, 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

Best Unlimited Cashback Card for Local Spenders: Maybank FC Barcelona Visa Signature Card

Consider this if you want to earn an unlimited amount of cash rebate without paying an annual fee

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000 for Malaysians; S$60,000 for Others
Promotions:
  • Receive free American Tourister Luggage w/ S$300 monthly spend for 2mo (req. both card + Creditable applications)

If you’re an affluent, local spender seeking unlimited cashback, Maybank FC Barcelona Visa Signature Card is the top option on the market. All local spend earns 1.6% cashback–higher than the market standard of 1.5%. With a higher rate and no rebate cap, cardholders can earn more quickly while still enjoying unlimited rewards potential. Foreign currency transactions earn just 2 pts per S$1 (equal to 0.8 miles, or about 0.8% cashback), so this card is best for local spenders.

Maybank FC Barcelona Card also has an easy fee-waiver. Cardholders are exempt from the S$120 fee with just S$10,000 annual spend. Additional benefits include discounts of up to 10% on FC Barcelona official stores. Ultimately, high-spenders with predominantly local budgets can quickly earn unlimited cashback with Maybank FC Barcelona Card, while also avoiding annual fees.

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  • 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
  • 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

Best Unlimited Cashback Card for Travellers: 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 Singaporean & Singapore PR: S$120,000 . Applicants who do not meet the minimum requirement can submit a minimum Fixed Deposit Collateral of S$50,000
Foreigner Income Requirement N/A
Promotions:
  • Up to 10% off bookings with Expedia & Booking, 8% with Agoda

If you’re an affluent traveller interested in earning cashback (rather than miles), CIMB Visa Infinite Card is an excellent, no-fee way to earn on all spend. Cardholders earn 1% unlimited cashback on all spend, bumped to 2% for travel expenses (hotels, airlines, travel agencies & more) after a S$2,000 minimum threshold. Competitor cards offer 1.5% flat cashback, so frequent travellers are far more likely to benefit from CIMB Visa Infinite Card. Most competitors also charge S$170+ fees, while CIMB Visa Infinite Card is free forever.

Another reason CIMB Visa Infinite Card stands out is that it offers travel perks rarely found with cashback cards. Cardholders receive free travel insurance, lounge access, discounted limo transfers and more, which pairs nicely with the great rewards rates for travel spend. Ultimately, if you spend a great deal on travel and would like to avoid both rewards caps and annual fees, CIMB Visa Infinite is the best option for you.

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  • Annual fee: Free
  • Unlimited 2% cashback on all travel expenses, foreign currency transactions & overseas spend
  • Unlimited 1% cashback on all other spend
  • Free travel insurance, 3x lounge access, discounted limo transfers
  • CIMB 0% Interest i.Pay Instalment Plan
  • Annual fee: Free
  • Unlimited 2% cashback on all travel expenses, foreign currency transactions & overseas spend
  • Unlimited 1% cashback on all other spend
  • Free travel insurance, 3x lounge access, discounted limo transfers
  • CIMB 0% Interest i.Pay Instalment Plan

Best No-Fee Credit Cards for Online & Shopping

Whether you mostly shop for retail or pay for bills and essentials online, we’ve found a few excellent cards that can maximise your rewards without charging you an annual fee.

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

Consider this if you spend mostly on shopping, dining and entertainment

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000
Promotions:
  • Receive Samsonite T5 68cm Spinner luggage or S$150 cashback

HSBC Revolution Card is one of the best miles-earning cards for social spenders who tend to make many purchases online. Cardholders earn 2 miles per S$1 spend on local dining & entertainment, and have access to a myriad of regional deals and discounts. More uniquely, cardholders also earn this rewards rate for online spend, including on travel bookings, transit payments, and recurring bills. These expenses are almost always excluded from earning rewards by other cards. There are no minimum spend requirements and earnings are unlimited, making HSBC Revolution Card a great match for many budgets. And, if that wasn’t enough, the S$160.5 fee is waived with S$12,500 annual spend. HSBC Revolution Card is both extremely accessible and a great way for social and online spenders to maximise rewards from their monthly budget.

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  • 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 16% 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 16% fuel savings with Caltex, 14% with Shell

Best Miles Credit Card for Retail Shoppers: OCBC Titanium Rewards Card

Consider this if you want to accrue miles from your shopping purchases

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000
Promotions:
  • Earn S$50 rebate w/ card approval
  • Up to 2% cash rebate at BEST Denki

If you’re a frequent retail shopper, look no further than OCBC Titanium Rewards Card–the most flexible and comprehensive shopper card on the market, with the added benefits of high rates and an easily waived fee. Cardholders earn 10 points (4 miles) per S$1 spend on retail, department stores, and electronics–plus on a variety of retail merchants, from Amazon to Qoo10 & more. Consumers can earn rewards locally, overseas, online and offline, with no minimum spend requirement. This flexibility makes it easy for average spenders to quickly achieve the 4,000 miles/month earnings cap.

Cardholders can also avoid the S$192.6 fee with just S$10,000 annual spend. Competitor cards do not offer a fee-waiver, so OCBC Titanium Card is the best option for shoppers looking for flexibility paired with no annual fees.

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  • 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 Rebate Credit Card for Young Online Shoppers: OCBC Frank Card

Consider this if you frequently spend money shopping for luxury goods and entertainment

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000
Promotions:
  • Earn S$50 rebate w/ card approval
  • Receive 1 free night stay at M Social Singapore after S$400 min. spend

Young adults with lower monthly spend are mostly likely to maximise their cashback with OCBC Frank Card. Unlike its competitor card (which has a S$600 minimum requirement), OCBC Frank allows cardholders to access its higher rates after just S$400 offline spend. Consumers earn 6% rebate on online spend, 5% on weekend entertainment and at select cafes (3% on weekdays), and 3% on NETS FlashPay Auto Top-Ups, up to a respectable S$60/month.

OCBC Frank Card also stands apart from its closest competitor by offering a fee-waiver. With just S$10,000 annual spend, cardholders are exempt from the S$80 fee, which itself is fairly low. If you’re looking for a card that rewards online shopping and entertainment without a lofty spend requirement, OCBC Frank Card is the best and most affordable option.

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  • 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)
  • 3% rebate on first 2 NETS FlashPay Auto Top-Ups
  • Up to 16% fuel savings with Caltex, 14% with Esso
  • 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)
  • 3% rebate on first 2 NETS FlashPay Auto Top-Ups
  • Up to 16% fuel savings with Caltex, 14% with Esso

Best Shoppers Card with 0% Instalment Plan: DBS Woman’s World MasterCard

DBS Woman's World Mastercard
DBS Woman's World Mastercard

Consider this if you need to make a large purchase that you can't immediately afford

Annual Income Requirement S$80,000
Foreigner Income Requirement S$80,000
Promotions:
  • Up to 10% off hotel bookings with Expedia
  • Complimentary use of Quayside for 1 trip service (cardholder + 1 companion)

DBS Woman’s World Card is a great option for average spenders seeking rewards for online shopping. Cardholders earn 4 miles per S$1 spend in this category, up to 8,000 miles/month (about S$80 value-to-consumer). In addition, cardholders can split payments for their larger purchases into instalments across up to 12 months, with 0% interest and no processing fee. While general spend earns just 0.4 miles per S$1 locally, 1.2 miles overseas, frequent online shoppers who spend at least S$25,000 annually are exempt from the S$192.6 fee. For these shoppers, DBS Woman’s World Card offers easy and accessible rewards without added maintenance or cost.

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  • Annual fee: S$192.6, 1-year waiver, subsequently with S$25,000 annual spend
  • 4 miles per S$1 spend on online shopping
  • DBS My Preferred Payment Plan (0% interest instalments)
  • Hertz Gold Plus Rewards membership & access to Quayside
  • Up to 15% fuel savings with SPC, 14% with Esso
  • Annual fee: S$192.6, 1-year waiver, subsequently with S$25,000 annual spend
  • 4 miles per S$1 spend on online shopping
  • DBS My Preferred Payment Plan (0% interest instalments)
  • Hertz Gold Plus Rewards membership & access to Quayside
  • Up to 15% fuel savings with SPC, 14% with Esso

Best No-Fee Card for Cashback + Miles: HSBC Visa Platinum Card

Consider this if you spend at least S$600/month and want to earn both cash rebates and miles

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000
Promotions:
  • Receive Samsonite T5 68cm Spinner luggage or S$150 cashback

HSBC Visa Platinum Card is the best card on the market for earning both cashback and miles, especially if you’re looking to avoid an annual fee. Cardholders earn 5% cashback on local dining, groceries and petrol after just S$600 minimum spend. All other spend earns 0.4 miles per S$1, with no minimum spend requirement. While this is on the lower side, it’s worth pointing out that the rebate covers the top spend categories in the average consumer’s budget. In addition, cardholders can earn up to S$83/month (S$250/quarter) which is fairly high.

Another reason HSBC Visa Platinum Card stands out is that cardholders can earn a waiver for the S$192.6 fee with just S$12,500 annual spend. Ultimately, this card is the best option for versatile rewards on core local spending, especially if you spend enough to earn the fee-waiver.

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  • 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)
  • Annual fee: S$192.6, 2-year waiver, subsequently with S$12,500 annual spend
  • 5% cashback on local dining & groceries (up to S$250/quarter)
  • 0.4 miles per S$1 general spend, unlimited
  • Up to 21% fuel savings with Caltex, Shell

Best No-Fee Credit Cards for Golfing Privileges

Credit cards with golfing privileges are great–no-fee credit cards that offer exceptional rewards opportunities and travel perks, as well as golfing privileges, are even better. We’ve identified the top no-fee credit cards for avid golfers below.

Best Miles Credit Card for Golfers: Maybank World MasterCard

Consider this if you are an avid golfer who travels frequently to golf clubs worldwide

Annual Income Requirement S$80,000
Foreigner Income Requirement S$80,000
Promotions:
  • Receive free American Tourister Luggage w/ S$400 monthly spend for 2mo

With Maybank World MasterCard, golfers can enjoy the most comprehensive golfing privileges on the market and possibly avoid paying an annual fee. Cardholders receive 2 complimentary green fees per month at 120 fairways across 25 countries–triple the amount offered by the top competitor card. Consumers can also earn 10 points (4 miles) per S$1 spend on select dining & retail merchants. Additional perks include free travel insurance and lounge access. Ultimately, cardholders can even avoid the S$240 fee by spending S$24,000/year. While this may seem substantial, spend on supplementary cards adds towards total spend, making it easier to reach this threshold. Maybank World MasterCard is an excellent option for people who prioritise golfing privileges and enjoy luxury shopping.

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  • Annual fee: S$240.0, 1-year waiver, subsequently with S$24,000 annual spend
  • 10 pts (4 miles) per S$1 spend with select dining & retail merchants
  • 2 complimentary green fees/month at 120 fairways worldwide
  • Free travel insurance, lounge access & global concierge
  • Up to 19.1% fuel savings on petrol in Singapore
  • Annual fee: S$240.0, 1-year waiver, subsequently with S$24,000 annual spend
  • 10 pts (4 miles) per S$1 spend with select dining & retail merchants
  • 2 complimentary green fees/month at 120 fairways worldwide
  • Free travel insurance, lounge access & global concierge
  • Up to 19.1% fuel savings on petrol in Singapore

Best Cashback Credit Card for Golfers: CIMB World MasterCard

CIMB World Mastercard
CIMB World Mastercard

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

Annual Income Requirement Singaporean & Singapore PR: S$50,000. Applicants who do not meet the minimum requirement can submit a minimum Fixed Deposit Collateral of S$50,000
Foreigner Income Requirement N/A
Promotions:
  • Up to 10% off bookings with Expedia & Booking, 8% with Agoda

CIMB World MasterCard is the absolute best card on the market for affluent golfers looking to balance top-notch privileges with unlimited cashback rewards. While competitor cards narrow earning potential with merchant restrictions, CIMB World MasterCard offers unlimited 2% cashback with all vendors across a variety of categories: wine & dine, entertainment, recreation, automobile & parking, petrol, and spend at duty-free stores.

This 2% rate is higher than the flat 1.5% offered by other unlimited cashback cards, and unlike these cards, CIMB World MasterCard is free forever. And, cardholders receive some of the best golfing privileges on the market, including complimentary green fees across 40 fairways in SE Asia. Consumers can play up to 4 flights per course per year, or up to 160 games; competitor cards offer access to more fairways, but flights are limited to 24 per year. Ultimately, CIMB World MasterCard is the best no-fee option to both earn unlimited cashback and enjoy top golfing privileges.

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
  • Complimentary green fees at 40 fairways in SE Asia
  • Free travel insurance, access to MasterCard Airport Experiences
  • CIMB 0% Interest i.Pay Instalment Plan
  • 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
  • Complimentary green fees at 40 fairways in SE Asia
  • Free travel insurance, access to MasterCard Airport Experiences

Best No-Fee Card for Health, Transport & Dining: CIMB Platinum MasterCard

CIMB Platinum Mastercard
CIMB Platinum Mastercard

Consider this if you want a specialised rebate credit card for health, transport and dining

Annual Income Requirement Singaporean & Singapore PR: S$30,000. Singaporean & Singapore PR, aged 55 years and above: S$15,000. Applicants who do not meet the minimum income requirement can submit a minimum Fixed Deposit Collateral of S$10,000
Foreigner Income Requirement N/A
Promotions:
  • Up to 10% off bookings with Expedia & Booking, 8% with Agoda

CIMB Platinum MasterCard is an especially unique card, combining exceptional rewards for medical expenses, transport, dining & more. Each of these categories–as well as travel spend in foreign currency and electronics/furnishings purchases– earns 10% cashback, up to a cumulative S$100/month. Very few credit cards reward health or home improvement spend, especially at such high rates–making CIMB Platinum MC truly stand-out. Even more, while there's an S$800 minimum spend requirement, there's no annual fee, making CIMB Platinum MC an excellent option for those seeking a low-risk, no-maintenance credit card.

Read Our Full Review

  • Annual fee: Free
  • 10% cashback on medical, transport & petrol, dining, overseas travel & select electronics/furnishings vendors
  • CIMB 0% Interest i.Pay Instalment Plan
  • Annual fee: Free
  • 10% cashback on medical, transport & petrol, dining, overseas travel & select electronics/furnishings vendors
  • CIMB 0% Interest i.Pay Instalment Plan

No-Fee Cashback for Beauty & Online Fashion: CIMB Visa Signature Card

CIMB Visa Signature
CIMB Visa Signature

Consider this if you want a no-fee credit card for beauty, online fashion & more

Annual Income Requirement Singaporean & Singapore PR: S$30,000. Singaporean & Singapore PR, aged 55 years and above: S$15,000. Applicants who do not meet the minimum income requirement can submit a minimum Fixed Deposit Collateral of S$10,000
Foreigner Income Requirement N/A
Promotions:
  • Up to 10% off bookings with Expedia & Booking, 8% with Agoda

CIMB Visa Signature Card is a great option for grocery-shoppers seeking cashback for discretionary spend. Groceries, online shopping, beauty, petcare, and transactions with cruise lines all earn 10% rebate, up to S$20/category. This adds up to a potential S$100/month–quite respectable given market standards–though accessing these rates requires an S$800 minimum spend. It's also worth mentioning that CIMB Visa Signature is exceptionally low-risk and low-maintenance, as there's no annual fee. This means consumers who only periodically shop these categories can still benefit from the high rebate rates.

Read Our Full Review

  • Annual fee: Free
  • 10% cashback on groceries, online shopping, beauty, petcare & cruise lines
  • Free travel insurance & global concierge
  • CIMB 0% Interest i.Pay Instalment Plan
  • Annual fee: Free
  • 10% cashback on groceries, online shopping, beauty, petcare & cruise lines
  • Free travel insurance & global concierge
  • CIMB 0% Interest i.Pay Instalment Plan

Summary of Best No-Fee Credit Cards 2019

Below, we've prepared a summary of our picks for the best no-fee credit cards for 2019.

CardBest for...Annual Fee
OCBC 365Everyday & FamilyS$192.6 (waiver)
UOB PRVI MilesRapid MilesS$256.8 (waiver)
Maybank Horizon VisaMiles for Local SpendS$180.0 (waiver)
Maybank Plat VisaVery Low SpendersS$20.0 (waiver)
Maybank F&FLow Spenders, MalaysiaS$180.0 (waiver)
HSBC Advance CardAffluent Spenders, No-FeeS$180.0 (waiver)
Maybank FC BarcelonaUnlimited Local RewardsS$120.0 (waiver)
HSBC RevolutionOnline & Social SpendS$160.5 (waiver)
OCBC TitaniumFashion & RetailS$192.6 (waiver)
OCBC FrankSocial Young AdultS$80.0 (waiver)
CIMB Platinum MasterCardHealth & TransportS$0.0
CardBest for...Annual Fee
OCBC 365Everyday & FamilyS$192.6 (waiver)
UOB PRVI MilesRapid MilesS$256.8 (waiver)
Maybank Horizon VisaMiles for Local SpendS$180.0 (waiver)
Maybank Plat VisaVery Low SpendersS$20.0 (waiver)
Maybank F&FLow Spenders, MalaysiaS$180.0 (waiver)
HSBC Advance CardAffluent Spenders, No-FeeS$180.0 (waiver)
Maybank FC BarcelonaUnlimited Local RewardsS$120.0 (waiver)
HSBC RevolutionOnline & Social SpendS$160.5 (waiver)
OCBC TitaniumFashion & RetailS$192.6 (waiver)
OCBC FrankSocial Young AdultS$80.0 (waiver)
CIMB Platinum MasterCardHealth & TransportS$0.0

Compare the Best No-Fee Credit Cards by Dollar Value

Below, we prepared a visual illustration of dollar value of the best no fee credit cards in Singapore. Generally, dollar values* range from S$500 to S$2,000 over 2 years for someone who spends S$2,000 on the card every month. Remember, this is an approximate value based on an estimate of the average consumer's spending habits and may differ in actual result depending on your unique set of expenditures.

A graph displaying how best no annual fee credit cards compare to one another in terms of their rewards
Best No Annual Fee Credit Cards in Singapore by Estimated 2-Year Dollar Value

Footnotes

*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.

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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