Best Rewards Credit Cards in Singapore 2021

Selecting the best credit card for you is largely based on the size of your monthly budget as well as your overall spending behaviour. To make the decision process easier and more productive, our research team analysed 100+ of Singapore's most competitive credit cards and identified the best options for different spend levels and lifestyles.

Best Rewards Credit Cards for Cashback:
Best Rewards Credit Cards for Air Miles:
Best No-Fee Rewards Credit Cards:
  • OCBC 365: 6% rebate on dining, 3% rebate on groceries, utilities and travel, Visa Concierge Services
  • MB Horizon Visa: Market-leading 3.2 miles per S$1 select local spend
Best Rewards Credit Cards for High Spenders:
Best Rewards Credit Cards for Low Spenders:
  • OCBC Frank: Up to 6% rebate for FX, online and mobile purchases, low S$600 min. spend requirement
  • MB Platinum Visa: Up to 3.33% rebate on local and foreign currency spend
Best Rewards Credit Cards for Online & Mobile:
  • HSBC Revolution: 4 miles per S$1 spent online and on contactless payments
  • DBS Live Fresh: All-in-one card w/ top rebates for online & contactless spend
Best Rewards Credit Cards for Cashback:
Best Rewards Credit Cards for Air Miles:
Best No-Fee Rewards Credit Cards:
  • OCBC 365: 6% rebate on dining, 3% rebate on groceries, utilities and travel, Visa Concierge Services
  • MB Horizon Visa: Market-leading 3.2 miles per S$1 select local spend
Best Rewards Credit Cards for High Spenders:
Best Rewards Credit Cards for Low Spenders:
  • OCBC Frank: Up to 6% rebate for FX, online and mobile purchases, low S$600 min. spend requirement
  • MB Platinum Visa: Up to 3.33% rebate on local and foreign currency spend
Best Rewards Credit Cards for Online & Mobile:
  • HSBC Revolution: 4 miles per S$1 spent online and on contactless payments
  • DBS Live Fresh: All-in-one card w/ top rebates for online & contactless spend

Compare Best Rewards Credit Cards by Dollar Value

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

A graph displaying how best rewards credit cards compare to one another in terms of their rewards

Best Rewards Credit Cards for Cashback

These great cashback cards allow you to earn easy rebates that offset your monthly card statement. If you would like to to take a deeper dive and compare these cards and the rewards you can earn on spending, check out our credit card comparison tool.

UOB One Card: Best Flat Rebate Rate

The UOB One Card is one of the most generous cashback cards, with a flat cashback rate of 5%, and an additional 5% on select merchants (Dairy Farm, Shopee, Grab and more).
  • 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$192.60 (first year- waived)
      • 5% rebate on general spend, up to S$300/quarter (S$2,000 min spend) with min 5 transactions/mo
      • Up to 10% on Grab, Shopee, Dairy Farm Singapore & select UOB travel, 6% on utilities bills
      • 3.33% rebate, up to S$100/quarter (S$1,000 min spend)
      • 3.33% rebate, up to S$50/quarter (S$500 min spend)
      • 0.03% rebate on all spend if no rebate earned for calendar year
      • Up to 20.80% savings at Shell and 24% at SPC
      If you consistently spend S$2,000/month, UOB One Card is the best card for maximising cashback on all spend. UOB One Card offers 5% general cashback, boosted to 6% on electric bills and 10% on Grab and select UOB Travel spend. Given the card's very high base rate, cardholders don’t need to track purchases by category (ie, dining) or merchant in order to rapidly earn rewards. Cardholders who spend at least S$2,000/month for 3 months earn an impressive S$300 for that quarter (equal to S$100/month); lower or inconsistent spenders, however, earn between S$50 to S$100/quarter.


      Another reason UOB One Card stands out is its UOB SMART$ Rebate Programme. Spend with select merchants ‘double counts’–first towards minimum monthly spend, which determines rebate tier, and second by earning SMART$ which further offset future purchases. While there’s a S$192.6 fee, waived 1 year, cardholders more than make up for this in potential earnings, making UOB One Card one of the best cashback cards out there.

      The UOB One Card is one of the most generous cashback cards, with a flat cashback rate of 5%, and an additional 5% on select merchants (Dairy Farm, Shopee, Grab and more).
      • 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$192.60 (first year- waived)
          • 5% rebate on general spend, up to S$300/quarter (S$2,000 min spend) with min 5 transactions/mo
          • Up to 10% on Grab, Shopee, Dairy Farm Singapore & select UOB travel, 6% on utilities bills
          • 3.33% rebate, up to S$100/quarter (S$1,000 min spend)
          • 3.33% rebate, up to S$50/quarter (S$500 min spend)
          • 0.03% rebate on all spend if no rebate earned for calendar year
          • Up to 20.80% savings at Shell and 24% at SPC
          If you consistently spend S$2,000/month, UOB One Card is the best card for maximising cashback on all spend. UOB One Card offers 5% general cashback, boosted to 6% on electric bills and 10% on Grab and select UOB Travel spend. Given the card's very high base rate, cardholders don’t need to track purchases by category (ie, dining) or merchant in order to rapidly earn rewards. Cardholders who spend at least S$2,000/month for 3 months earn an impressive S$300 for that quarter (equal to S$100/month); lower or inconsistent spenders, however, earn between S$50 to S$100/quarter.


          Another reason UOB One Card stands out is its UOB SMART$ Rebate Programme. Spend with select merchants ‘double counts’–first towards minimum monthly spend, which determines rebate tier, and second by earning SMART$ which further offset future purchases. While there’s a S$192.6 fee, waived 1 year, cardholders more than make up for this in potential earnings, making UOB One Card one of the best cashback cards out there.

          Maybank Family & Friends MasterCard: Top Rebates in SG & MY

          PROMO: GET Garmin vivomove Style worth S$469
          Maybank Family & Friends MasterCard offers 8% cashback on 5 preferred cashback categories of your choosing.
          • 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
              • Annual fee: S$180 (3 years fee waiver)
              • Up to 8% rebate on 5 preferred categories (fast food & food delivery, groceries, transport, petrol discounts & online TV streaming)
              • Up to S$125 cashback per month with S$800 min spend
              • 0.3% rebate all other spend
              People spending S$500 to S$1,000/month in Singapore and Malaysia can potentially earn more with Maybank Family & Friends Card than any other card on the market. After just $500 minimum spend, cardholders earn 5% rebate on fast food & food delivery, groceries, transport, petrol, and data communications/online TV streaming in Singapore and Malaysia. A S$800 minimum spend earns an 8% rebate. Most cashback cards only offer base rates (around 0.3%) at this spend level. In fact, even Maybank F&F Card’s closest competitor offers just 3.33%. Even better, there are no merchant restrictions, rebates are capped at a competitive S$80/month, and cardholders enjoy a fee-waiver with just S$12,000 annual spend. While overseas purchases aren't eligible for such rewards, cardholders who spend regionally can truly benefit from Maybank F&F Card.
              PROMO: GET Garmin vivomove Style worth S$469
              Maybank Family & Friends MasterCard offers 8% cashback on 5 preferred cashback categories of your choosing.
              • 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
                  • Annual fee: S$180 (3 years fee waiver)
                  • Up to 8% rebate on 5 preferred categories (fast food & food delivery, groceries, transport, petrol discounts & online TV streaming)
                  • Up to S$125 cashback per month with S$800 min spend
                  • 0.3% rebate all other spend

                  People spending S$500 to S$1,000/month in Singapore and Malaysia can potentially earn more with Maybank Family & Friends Card than any other card on the market. After just $500 minimum spend, cardholders earn 5% rebate on fast food & food delivery, groceries, transport, petrol, and data communications/online TV streaming in Singapore and Malaysia. A S$800 minimum spend earns an 8% rebate. Most cashback cards only offer base rates (around 0.3%) at this spend level. In fact, even Maybank F&F Card’s closest competitor offers just 3.33%. Even better, there are no merchant restrictions, rebates are capped at a competitive S$80/month, and cardholders enjoy a fee-waiver with just S$12,000 annual spend. While overseas purchases aren't eligible for such rewards, cardholders who spend regionally can truly benefit from Maybank F&F Card.

                  POSB Everyday Card: Rebates on Essentials

                  With POSB Everyday Card, cardholders enjoy great rebates on essentials, such as 10% cashback on online food delivery, 5% on online shopping with select merchants and 21.8% in fuel savings.
                  • Pros
                    • Benefits highly diversified spend with large food budgets
                    • Great fit for commuters seeking a convenient, an all-in-one card
                    • Cons
                      • Not suitable for consistent spend of S$2k+/mo
                      • Lacks travel rewards
                      • Has an annual fee
                      • Annual fee: S$192.60 (first year - waived)
                      • 10% cash rebates on online food delivery (foodpanda, Deliveroo and WhyQ ) and 3% on other dining spend
                      • 8% cash rebates on fuel (up to 21.8% at SPC)
                      • 5% cash rebates on groceries (Sheng Siong)
                      • 5% cash rebates on online shopping (Amazon, Lazada, Qoo10, Shopee, RedMart & iHerb)
                      • 3% cash rebates on personal care at Watsons
                      • 1% cash rebates on recurring bills with select merchants (capped at S$1/month)
                      • 0.3% cash rebate on all other spend
                      • DBS Payment Plan: pay 0% interest, up to 6 months
                      POSB Everyday Card is a great rebate card for spend on daily essentials. Cardholders typically earn cashback rates of up to 10% cashback on online food delivery, dining, groceries, transport, personal care and recurring bills. Earning these rates requires cardholders to meet a minimum spend of S$800 per month.


                      Finally, while many of POSB Everyday Card's rewards categories are merchant-limited, this isn't quite as inconvenient as you'd think. The selected merchants are typically quite popular (Sheng Siong, MRT, Gojek, Watsons & more). Ultimately, people spending for families or with diversified spend may be able to maximise rebates with this card.

                      With POSB Everyday Card, cardholders enjoy great rebates on essentials, such as 10% cashback on online food delivery, 5% on online shopping with select merchants and 21.8% in fuel savings.
                      • Pros
                        • Benefits highly diversified spend with large food budgets
                        • Great fit for commuters seeking a convenient, an all-in-one card
                        • Cons
                          • Not suitable for consistent spend of S$2k+/mo
                          • Lacks travel rewards
                          • Has an annual fee
                          • Annual fee: S$192.60 (first year - waived)
                          • 10% cash rebates on online food delivery (foodpanda, Deliveroo and WhyQ ) and 3% on other dining spend
                          • 8% cash rebates on fuel (up to 21.8% at SPC)
                          • 5% cash rebates on groceries (Sheng Siong)
                          • 5% cash rebates on online shopping (Amazon, Lazada, Qoo10, Shopee, RedMart & iHerb)
                          • 3% cash rebates on personal care at Watsons
                          • 1% cash rebates on recurring bills with select merchants (capped at S$1/month)
                          • 0.3% cash rebate on all other spend
                          • DBS Payment Plan: pay 0% interest, up to 6 months

                          POSB Everyday Card is a great rebate card for spend on daily essentials. Cardholders typically earn cashback rates of up to 10% cashback on online food delivery, dining, groceries, transport, personal care and recurring bills. Earning these rates requires cardholders to meet a minimum spend of S$800 per month.


                          Finally, while many of POSB Everyday Card's rewards categories are merchant-limited, this isn't quite as inconvenient as you'd think. The selected merchants are typically quite popular (Sheng Siong, MRT, Gojek, Watsons & more). Ultimately, people spending for families or with diversified spend may be able to maximise rebates with this card.

                          Best Rewards Credit Cards for Air Miles

                          Frequent travellers can enjoy top rates as well as attractive perks with the following cards.

                          DBS Altitude Visa: Affordable Luxury Perks

                          DBS Altitude Visa Signature Card
                          DBS Altitude Visa Signature Card
                          DBS Altitude Visa offers customers 3 miles per S$1 spend on online flight and hotel transactions, 2 mi/S$1 spend overseas and 1.2mi/S$1 on local spend. In addition, the card offers a variety of of additional travel perks.
                          • Pros
                            • Great for online travel bookings
                            • No an annual fee
                            • 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
                              • Annual fee: S$192.60 (first year- waived)
                              • Alternative: pay the annual fee and receive 10,000 bonus miles or charge min S$25,000/year and receive annual fee waiver + 10,000 bonus miles
                              • 1.2 miles per S$1 locally, 2 miles overseas
                              • 3 miles per S$1 spend on online shopping, online flight and hotel transactions
                              • Miles earned never expire
                              • Free travel insurance, 2x lounge visits, golfing & dining privileges
                              • DBS My Preferred Payment Plan (0% interest instalments)
                              Frequent travellers seeking luxury perks–without having to pay a monumental annual fee–can enjoy top rewards rates plus a fee-waiver with DBS Altitude Visa Card. Cardholders earn 1.2 miles per S$1 local spend, 2 miles overseas, and 3 miles for online travel bookings. Even better, miles earned never expire.


                              These rates align with market standards, but DBS Altitude Visa Card rises above its competitors by offering a wide variety of perks: 2 free lounge visits per year, dining privileges with Visa Foodie Trail, free travel insurance, and even golfing privileges throughout SE Asia. Consumers can also avoid the already-moderate S$192.60 fee with just S$25,000 annual spend. Overall, DBS Altitude Visa Card offers perks usually limited to expensive luxury cards while remaining quite affordable in itself–a perfect combination for the average consumer who still wants privileges when they travel.

                              DBS Altitude Visa Signature Card
                              DBS Altitude Visa Signature Card
                              DBS Altitude Visa offers customers 3 miles per S$1 spend on online flight and hotel transactions, 2 mi/S$1 spend overseas and 1.2mi/S$1 on local spend. In addition, the card offers a variety of of additional travel perks.
                              • Pros
                                • Great for online travel bookings
                                • No an annual fee
                                • 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
                                  • Annual fee: S$192.60 (first year- waived)
                                  • Alternative: pay the annual fee and receive 10,000 bonus miles or charge min S$25,000/year and receive annual fee waiver + 10,000 bonus miles
                                  • 1.2 miles per S$1 locally, 2 miles overseas
                                  • 3 miles per S$1 spend on online shopping, online flight and hotel transactions
                                  • Miles earned never expire
                                  • Free travel insurance, 2x lounge visits, golfing & dining privileges
                                  • DBS My Preferred Payment Plan (0% interest instalments)

                                  Frequent travellers seeking luxury perks–without having to pay a monumental annual fee–can enjoy top rewards rates plus a fee-waiver with DBS Altitude Visa Card. Cardholders earn 1.2 miles per S$1 local spend, 2 miles overseas, and 3 miles for online travel bookings. Even better, miles earned never expire.


                                  These rates align with market standards, but DBS Altitude Visa Card rises above its competitors by offering a wide variety of perks: 2 free lounge visits per year, dining privileges with Visa Foodie Trail, free travel insurance, and even golfing privileges throughout SE Asia. Consumers can also avoid the already-moderate S$192.60 fee with just S$25,000 annual spend. Overall, DBS Altitude Visa Card offers perks usually limited to expensive luxury cards while remaining quite affordable in itself–a perfect combination for the average consumer who still wants privileges when they travel.

                                  KrisFlyer UOB Credit Card: Top Miles for Young SIA Loyalists

                                  KrisFlyer UOB Credit Card offers great rates on Singapore Airlines spend (3mi/S$1) and 1.2mi/S$1 on other spend. It also comes with enhanced travel privileges.
                                  • 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
                                      • Annual fee: S$192.60 (first year - waived
                                      • 3.0 KF miles/S$1 on spend with SIA brands (SIA, SilkAir, Scoot, KrisShop)
                                      • 3.0 KF miles/S$1 on dining & food delivery, online shopping & travel and transport–with min. S$500 annual spend on SIA brands
                                      • 1.2 KrisFlyer miles/S$1 on general spend, locally & overseas
                                      • 10,000 annual bonus renewal miles
                                      • 3,000 welcome miles after first transaction (min S$5)
                                      KrisFlyer UOB Card is one of the best options on the market for loyal SIA flyers, especially young adults who travel on a budget. Cardholders earn 3 miles per S$1 spend on SIA brands like SIA, Scoot, SilkAir and KrisShop. All general spend, both locally and overseas, earns just 1.2 miles per S$1. Fortunately, consumers who spend S$500+ with SIA in a year access boosted rates of 3 miles per S$1 on global dining, transport, online fashion shopping and even travel bookings. These rates are not only amongst the highest on the market, they're also uncapped. The categories themselves are a great fit to a young adult's lifestyle, and unlocking the boost is fairly easy for people who travel a few times a year.


                                      KF UOB Card's perks are also well-suited to young adults and those seeking practical benefits on budget flights. Cardholders receive special privileges with Scoot, SIA's low-cost airline, such as free priority check-in & boarding, flexible booking waivers, complimentary standard seat selection and free baggage allowance upgrades. Consumers also enjoy a S$20 rebate at KrisShop and S$15 vouchers for ChangiWiFi and for Grab rides to and from Changi Airport. While cardholders who spend S$5k/year on SIA receive an expedited, 1-yr membership upgrade to KF Elite Silver Status, this card generally isn't a fit for those seeking luxury privileges. Nonetheless, consumers do receive 10,000 KF bonus miles which offset the S$192.6 fee, making the card quite affordable.

                                      KrisFlyer UOB Credit Card offers great rates on Singapore Airlines spend (3mi/S$1) and 1.2mi/S$1 on other spend. It also comes with enhanced travel privileges.
                                      • 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
                                          • Annual fee: S$192.60 (first year - waived
                                          • 3.0 KF miles/S$1 on spend with SIA brands (SIA, SilkAir, Scoot, KrisShop)
                                          • 3.0 KF miles/S$1 on dining & food delivery, online shopping & travel and transport–with min. S$500 annual spend on SIA brands
                                          • 1.2 KrisFlyer miles/S$1 on general spend, locally & overseas
                                          • 10,000 annual bonus renewal miles
                                          • 3,000 welcome miles after first transaction (min S$5)

                                          KrisFlyer UOB Card is one of the best options on the market for loyal SIA flyers, especially young adults who travel on a budget. Cardholders earn 3 miles per S$1 spend on SIA brands like SIA, Scoot, SilkAir and KrisShop. All general spend, both locally and overseas, earns just 1.2 miles per S$1. Fortunately, consumers who spend S$500+ with SIA in a year access boosted rates of 3 miles per S$1 on global dining, transport, online fashion shopping and even travel bookings. These rates are not only amongst the highest on the market, they're also uncapped. The categories themselves are a great fit to a young adult's lifestyle, and unlocking the boost is fairly easy for people who travel a few times a year.


                                          KF UOB Card's perks are also well-suited to young adults and those seeking practical benefits on budget flights. Cardholders receive special privileges with Scoot, SIA's low-cost airline, such as free priority check-in & boarding, flexible booking waivers, complimentary standard seat selection and free baggage allowance upgrades. Consumers also enjoy a S$20 rebate at KrisShop and S$15 vouchers for ChangiWiFi and for Grab rides to and from Changi Airport. While cardholders who spend S$5k/year on SIA receive an expedited, 1-yr membership upgrade to KF Elite Silver Status, this card generally isn't a fit for those seeking luxury privileges. Nonetheless, consumers do receive 10,000 KF bonus miles which offset the S$192.6 fee, making the card quite affordable.

                                          American Express Singapore Airlines KrisFlyer Card: Option for Frequent SIA Flyers

                                          PROMO: 1 Night stay at Andaz Singapore + 5,000 bonus miles
                                          American Express Singapore Airlines KrisFlyer Card high rewards on Grab transactions (3mi/S$1) and 2 mi/S$1 on foreign currency spend, making it a great travel credit card.
                                          • Pros
                                            • Easy-to-use miles card
                                            • No conversions & transfer fees
                                            • Great rewards with Singapore Airlines
                                            • Cons
                                              • Not easy to maximise miles
                                              • Lacks airline/travel rewards aside from SIA
                                              • Annual fee: S$176.55 (first year- waived)
                                              • 1.1 miles per S$1 local & overseas spend, 2 mi overseas in June & December only
                                              • 2 miles per S$1 spend on SingaporeAir online & app, SilkAir, KrisShop in-flight & online
                                              • 3.1 miles per S$1 spend on Grab transactions (up to 620 mi/mo)
                                              • Free travel insurance
                                              • Hertz Gold Plus Rewards & Amex Selects Privileges
                                              American Express Singapore Airlines KrisFlyer Card is a noteworthy option for miles card beginners. Spend directly earns KrisFlyer Miles, which are credited to the cardholder’s frequent flyer account–there are no conversions or transfer fees. In addition, while consumers earn 1.1 miles per S$1 spend (2 miles for overseas in June & December) they can earn 2 miles for spend on SingaporeAir, SilkAir, and KrisShop. These straightforward rates are complemented by perks like free travel insurance, Hertz rental car privileges and Amex Selects discounts and deals. While there’s a S$176.55 fee, it's waived 1-year. Ultimately, Amex SIA KF Card is a worthwhile option for Singapore Airlines flyers looking for a convenient miles.
                                              PROMO: 1 Night stay at Andaz Singapore + 5,000 bonus miles
                                              American Express Singapore Airlines KrisFlyer Card high rewards on Grab transactions (3mi/S$1) and 2 mi/S$1 on foreign currency spend, making it a great travel credit card.
                                              • Pros
                                                • Easy-to-use miles card
                                                • No conversions & transfer fees
                                                • Great rewards with Singapore Airlines
                                                • Cons
                                                  • Not easy to maximise miles
                                                  • Lacks airline/travel rewards aside from SIA
                                                  • Annual fee: S$176.55 (first year- waived)
                                                  • 1.1 miles per S$1 local & overseas spend, 2 mi overseas in June & December only
                                                  • 2 miles per S$1 spend on SingaporeAir online & app, SilkAir, KrisShop in-flight & online
                                                  • 3.1 miles per S$1 spend on Grab transactions (up to 620 mi/mo)
                                                  • Free travel insurance
                                                  • Hertz Gold Plus Rewards & Amex Selects Privileges

                                                  American Express Singapore Airlines KrisFlyer Card is a noteworthy option for miles card beginners. Spend directly earns KrisFlyer Miles, which are credited to the cardholder’s frequent flyer account–there are no conversions or transfer fees. In addition, while consumers earn 1.1 miles per S$1 spend (2 miles for overseas in June & December) they can earn 2 miles for spend on SingaporeAir, SilkAir, and KrisShop. These straightforward rates are complemented by perks like free travel insurance, Hertz rental car privileges and Amex Selects discounts and deals. While there’s a S$176.55 fee, it's waived 1-year. Ultimately, Amex SIA KF Card is a worthwhile option for Singapore Airlines flyers looking for a convenient miles.

                                                  UOB PRVI Miles American Express Card: Rapid Miles Accumulation

                                                  UOB PRVI Miles Amex Card offers one of the highest rewards rates on the market, 6mi/S$1 on Agoda, Expedia and UOB Travel spend, 2.4mi/S$1 on overseas and 1.4mi/S$1 on local spend.
                                                  • Pros
                                                    • Great for rapid miles accrual
                                                    • Awards high spend on airlines & hotels
                                                    • No-fee card
                                                    • Cons
                                                      • Doesn't fit infrequent travellers with mostly local budgets
                                                      • Lacks luxury perks & privileges
                                                      • Annual fee: S$256.80 (first year- waived)
                                                      • Annual fee waived and 20,000 bonus annual renewal miles (worth S$200) with min annual spend of S$50,000
                                                      • 1.4 miles/ S$1 local spend, 2.4 miles/S$1 overseas
                                                      • 6 miles/S$1 spend on Expedia, Agoda and UOB Travel
                                                      • Complimentary airport transfers & free travel insurance
                                                      • UOB PRVI Travel Butler & Amex Essentials
                                                      • Can choose to redeem for miles or cashback
                                                      UOB PRVI Miles American Express Card is the best way for above-average spenders to rapidly accrue miles and even enjoying a fee waiver. Consumers with S$50,000 annual spend are exempt from the S$256.8 fee and receive 20,000 bonus miles (worth S$200). No other high-end travel card offers a fee-waiver. In addition, UOB PRVI Miles Card offers perks like free airport transfers and travel insurance.


                                                      However, what really makes UOB PRVI Miles Card stand out are its top rewards rates. Cardholders earn 1.4 miles per S$1 local spend, 2.4 miles overseas, and 6 miles with all major airlines and hotels. These are equal to–or in some cases higher than–many luxury cards’ rates. Those who earn the fee waiver, then, are essentially enjoying luxury card rates without sky-high costs. UOB PRVI Miles Card is the perfect match if you’re looking to rapidly accrue miles without massive expense.

                                                      UOB PRVI Miles Amex Card offers one of the highest rewards rates on the market, 6mi/S$1 on Agoda, Expedia and UOB Travel spend, 2.4mi/S$1 on overseas and 1.4mi/S$1 on local spend.
                                                      • Pros
                                                        • Great for rapid miles accrual
                                                        • Awards high spend on airlines & hotels
                                                        • No-fee card
                                                        • Cons
                                                          • Doesn't fit infrequent travellers with mostly local budgets
                                                          • Lacks luxury perks & privileges
                                                          • Annual fee: S$256.80 (first year- waived)
                                                          • Annual fee waived and 20,000 bonus annual renewal miles (worth S$200) with min annual spend of S$50,000
                                                          • 1.4 miles/ S$1 local spend, 2.4 miles/S$1 overseas
                                                          • 6 miles/S$1 spend on Expedia, Agoda and UOB Travel
                                                          • Complimentary airport transfers & free travel insurance
                                                          • UOB PRVI Travel Butler & Amex Essentials
                                                          • Can choose to redeem for miles or cashback

                                                          UOB PRVI Miles American Express Card is the best way for above-average spenders to rapidly accrue miles and even enjoying a fee waiver. Consumers with S$50,000 annual spend are exempt from the S$256.8 fee and receive 20,000 bonus miles (worth S$200). No other high-end travel card offers a fee-waiver. In addition, UOB PRVI Miles Card offers perks like free airport transfers and travel insurance.


                                                          However, what really makes UOB PRVI Miles Card stand out are its top rewards rates. Cardholders earn 1.4 miles per S$1 local spend, 2.4 miles overseas, and 6 miles with all major airlines and hotels. These are equal to–or in some cases higher than–many luxury cards’ rates. Those who earn the fee waiver, then, are essentially enjoying luxury card rates without sky-high costs. UOB PRVI Miles Card is the perfect match if you’re looking to rapidly accrue miles without massive expense.

                                                          Best No-Fee Rewards Credit Cards

                                                          The following credit cards have no annual fee or come with an easy fee-waiver.

                                                          Maybank Horizon Visa Signature: Best Miles for Local Spend

                                                          PROMO: GET Garmin vivomove Style worth S$469
                                                          Maybank Horizon Visa Signature offers 3.2mi/S$1 spend on dining, petrol, public transit and Agoda bookings. Additional travel perks are also included.
                                                          • Pros
                                                            • High spend on local dining & transport
                                                            • Great for local spend and miles rewards on travel
                                                            • 3 years fee waiver
                                                            • Cons
                                                              • Doesn't reward overseas spend
                                                              • Few travel perks & privileges
                                                              • Lacks in rewards for essentials (ie groceries)
                                                              • Annual fee: S$180 (waived for three years)
                                                              • Subsequent annual fee is waived with min annual spend of S$18,000
                                                              • 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
                                                              While most travel cards are expensive and mostly reward overseas spend, Maybank Horizon Visa Signature Card stands out as balanced, offering high miles for local and travel spend. Cardholders earn 3.2 miles per S$1 local spend on dining, petrol, taxis and Grab, and hotel bookings with Agoda. Most miles cards offer just 1.2 to 1.4 miles per S$1 local spend. Maybank Horizon Visa Card also offers 2 miles per S$1 spend on air tickets, travel packages and overseas transactions–a rate which aligns with most alternatives. Consumers can earn more at home on food and transport, while still earning respectable rates overseas.


                                                              Maybank Horizon Visa Card also stands out because it’s one of the few travel cards with a fee waiver. The S$180.0 fee–already waived 3 years–can be subsequently waived with just S$18,000 spend (S$1,500/month). While this card has fewer travel perks–free travel insurance, airport lounge access–it’s one of the best miles-earning options for consumers seeking balanced rewards and who want to avoid a fee.

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                                                              Maybank Horizon Visa Signature offers 3.2mi/S$1 spend on dining, petrol, public transit and Agoda bookings. Additional travel perks are also included.
                                                              • Pros
                                                                • High spend on local dining & transport
                                                                • Great for local spend and miles rewards on travel
                                                                • 3 years fee waiver
                                                                • Cons
                                                                  • Doesn't reward overseas spend
                                                                  • Few travel perks & privileges
                                                                  • Lacks in rewards for essentials (ie groceries)
                                                                  • Annual fee: S$180 (waived for three years)
                                                                  • Subsequent annual fee is waived with min annual spend of S$18,000
                                                                  • 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

                                                                  While most travel cards are expensive and mostly reward overseas spend, Maybank Horizon Visa Signature Card stands out as balanced, offering high miles for local and travel spend. Cardholders earn 3.2 miles per S$1 local spend on dining, petrol, taxis and Grab, and hotel bookings with Agoda. Most miles cards offer just 1.2 to 1.4 miles per S$1 local spend. Maybank Horizon Visa Card also offers 2 miles per S$1 spend on air tickets, travel packages and overseas transactions–a rate which aligns with most alternatives. Consumers can earn more at home on food and transport, while still earning respectable rates overseas.


                                                                  Maybank Horizon Visa Card also stands out because it’s one of the few travel cards with a fee waiver. The S$180.0 fee–already waived 3 years–can be subsequently waived with just S$18,000 spend (S$1,500/month). While this card has fewer travel perks–free travel insurance, airport lounge access–it’s one of the best miles-earning options for consumers seeking balanced rewards and who want to avoid a fee.

                                                                  OCBC 365 Card: No-Fee Rebates on Essentials

                                                                  OCBC 365 Card offers great rebates on dining (6%), petrol (5%), groceries (3%) and many more. Given that it also doesn't have an annual fee, its rewards rates are some of the best on the market.
                                                                  • Pros
                                                                    • 6% rebate on dining, 3% on groceries, transport, recurring bills, online travel
                                                                    • Fee waiver with S$10,000 annual spend
                                                                    • Up to 22.1% fuel savings at Caltex, 20.2% at Esso
                                                                    • Cons
                                                                      • 0.3% rebate on general spend
                                                                      • 0.3% rebate on EZ-Link & Transitlink is capped at S$0.6/month
                                                                      • High S$800 minimum spend requirement
                                                                      • Annual fee: S$192.60 (automatic annual fee waiver with min annual spend of S$10,000)
                                                                      • 6% rebate on local, overseas dining & online food delivery
                                                                      • 3% rebate on local, overseas and online groceries
                                                                      • 3% rebate on land transport, utilities (telco and electricity bills) & online travel
                                                                      • 5% rebate on petrol (up to 22.1% fuel savings at Caltex and 20.2% with Esso)
                                                                      • 0.3% cashback on all other spend
                                                                      • Visa Signature Privileges
                                                                      If having a single card to reward nearly all of your everyday spend at high rates sounds appealing to you, you should definitely consider OCBC 365 Card. Unlike its competitors, OCBC 365 Card does not limit rebates to select merchants in any category. Cardholders enjoy 6% rebates on dining & online food delivery, plus 3% on online & offline grocery purchases, land transport (including Grab, Go-Jek, ComfortDelGro and more) and online travel bookings. Another stand-out feature is 3% rebate on recurring electricity and telco bills with no category-specific cap. Alternatives offer only 1% rebate, capped as low as S$1/month.


                                                                      OCBC 365 Card is one of the best options if you spend S$833+/month on essentials, for a few reasons. Like other everyday cards, there’s a S$800 minimum, but unlike other cards–which charge unwaivable fees–OCBC 365 Card provides a waiver after just S$10,000 annual spend (S$833/month). Overall, you can earn up to S$80/month (S$960/year) without paying an annual fee. If you’re looking for one card that rewards nearly all of your spend, rather than a specialised option, OCBC 365 Card is one of the best options available.

                                                                      OCBC 365 Card offers great rebates on dining (6%), petrol (5% and 22.1% at Caltex and 20.2% at Esso) groceries (3%) and many more. Given that it also doesn't have an annual fee, its rewards rates are some of the best on the market.
                                                                      • Pros
                                                                        • 6% rebate on dining, 3% on groceries, transport, recurring bills, online travel
                                                                        • Fee waiver with S$10,000 annual spend
                                                                        • Up to 22.1% fuel savings at Caltex, 20.2% at Esso
                                                                        • Cons
                                                                          • 0.3% rebate on general spend
                                                                          • 0.3% rebate on EZ-Link & Transitlink is capped at S$0.6/month
                                                                          • High S$800 minimum spend requirement
                                                                          • Annual fee: S$192.60 (automatic annual fee waiver with min annual spend of S$10,000)
                                                                          • 6% rebate on local, overseas dining & online food delivery
                                                                          • 3% rebate on local, overseas and online groceries
                                                                          • 3% rebate on land transport, utilities (telco and electricity bills) & online travel
                                                                          • 5% rebate on petrol (up to 22.1% fuel savings at Caltex and 20.2% with Esso)
                                                                          • 0.3% cashback on all other spend
                                                                          • Visa Signature Privileges

                                                                          If having a single card to reward nearly all of your everyday spend at high rates sounds appealing to you, you should definitely consider OCBC 365 Card. Unlike its competitors, OCBC 365 Card does not limit rebates to select merchants in any category. Cardholders enjoy 6% rebates on dining & online food delivery, plus 3% on online & offline grocery purchases, land transport (including Grab, Go-Jek, ComfortDelGro and more) and online travel bookings. Another stand-out feature is 3% rebate on recurring electricity and telco bills with no category-specific cap. Alternatives offer only 1% rebate, capped as low as S$1/month.


                                                                          OCBC 365 Card is one of the best options if you spend S$833+/month on essentials, for a few reasons. Like other everyday cards, there’s a S$800 minimum, but unlike other cards–which charge unwaivable fees–OCBC 365 Card provides a waiver after just S$10,000 annual spend (S$833/month). Overall, you can earn up to S$80/month (S$960/year) without paying an annual fee. If you’re looking for one card that rewards nearly all of your spend, rather than a specialised option, OCBC 365 Card is one of the best options available.

                                                                          Best Rewards Credit Cards for High Spenders

                                                                          Very affluent consumers can enjoy uncapped cashback or luxury travel perks with these cards.

                                                                          American Express True Cashback: Unlimited Cashback + Wedding Perks

                                                                          PROMO: RECEIVE S$120 CAPITA VOUCHERS
                                                                          American Express True Cashback offers 1.5% unlimited cashback on all purchases, and 3% promotional cashback on spend in the first 6 months.
                                                                          • Pros
                                                                            • Great Amex perks
                                                                            • Straightforward, easy-to-use card
                                                                            • Cons
                                                                              • Not suitable for lower budgets
                                                                              • Rewards general spend only
                                                                              • Annual fee: S$171.20 (first year - waived)
                                                                              • Get 1.5% cashback on all eligible spend, with no min. spend required and no cap
                                                                              • Get double the cashback at 3% on first S$5,000 spent within first 6 months
                                                                              • Free travel insurance up to S$350,000 when you purchase travel tickets with this card
                                                                              High-spenders, especially those with a budget of S$7k+/month, can easily maximise their earnings with American Express True Cashback Card. Cardholders earn a flat 1.5% cashback on all spend, without earnings caps–which is great for wealthy consumers who feel constrained by limits of S$100/month or lower (as per market standard).


                                                                              Amex True Cashback Card also stands out for its promotions. Cardholders earn a boosted 3% cashback for the 1st 6 months following approval (up to S$150). Card-specific promotions also frequently offer deals and discounts related to weddings. Ultimately, wealthy consumers looking to earn miles–especially Amex loyalists–can definitely benefit from Amex True Cashback Card.

                                                                              PROMO: RECEIVE S$120 CAPITA VOUCHERS
                                                                              American Express True Cashback offers 1.5% unlimited cashback on all purchases, and 3% promotional cashback on spend in the first 6 months.
                                                                              • Pros
                                                                                • Great Amex perks
                                                                                • Straightforward, easy-to-use card
                                                                                • Cons
                                                                                  • Not suitable for lower budgets
                                                                                  • Rewards general spend only
                                                                                  • Annual fee: S$171.20 (first year - waived)
                                                                                  • Get 1.5% cashback on all eligible spend, with no min. spend required and no cap
                                                                                  • Get double the cashback at 3% on first S$5,000 spent within first 6 months
                                                                                  • Free travel insurance up to S$350,000 when you purchase travel tickets with this card

                                                                                  High-spenders, especially those with a budget of S$7k+/month, can easily maximise their earnings with American Express True Cashback Card. Cardholders earn a flat 1.5% cashback on all spend, without earnings caps–which is great for wealthy consumers who feel constrained by limits of S$100/month or lower (as per market standard).


                                                                                  Amex True Cashback Card also stands out for its promotions. Cardholders earn a boosted 3% cashback for the 1st 6 months following approval (up to S$150). Card-specific promotions also frequently offer deals and discounts related to weddings. Ultimately, wealthy consumers looking to earn miles–especially Amex loyalists–can definitely benefit from Amex True Cashback Card.

                                                                                  Maybank FC Barcelona Visa Signature: Unlimited Local Cashback

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                                                                                  Maybank FC Barcelona offers one of the highest unlimited cashback rates on the market – 1.6%, with the only downside being that the rate applies to local spend only.
                                                                                  • Pros
                                                                                    • Affluent consumers spending S$6,500+/month
                                                                                    • High spenders with mostly local budgets
                                                                                    • Football fans–especially of FC Barcelona
                                                                                    • Cons
                                                                                      • Frequent travellers with high overseas spend
                                                                                      • People spending less than S$5,000/month
                                                                                      • Consumers who prioritise travel perks & privileges
                                                                                      • Annual fee: S$120
                                                                                      • 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
                                                                                      Maybank FC Barcelona Visa Signature Card is an excellent card for wealthy consumers who aren't frequent travellers. Cardholders earn an elevated 1.6% unlimited cashback on all local spend, compared to competitors' standard 1.5% rate. Maybank FC Barcelona Card is also great because the lack of earnings caps make it easy for very high spenders to earn without constraint. Other perks include discounts at FC Barcelona stores, the chance to win free game tickets, and free travel insurance.


                                                                                      It's worth pointing out that this isn't the best card for people who spend a great deal of their budget overseas, however. Spend in foreign currency earns just 0.8 miles per S$1 spend, which is equivalent to about 0.8% cashback–quite low. Nonetheless, Maybank FC Barcelona Card is one of the only unlimited cashback cards that offers a fee-waiver. Cardholders can avoid paying the S$120 fee by spending just S$10k per year. For high spenders, this is quite attainable. As a result, wealthy individuals who mostly spend locally may want to consider Maybank FC Barcelona Card.

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                                                                                      Maybank FC Barcelona offers one of the highest unlimited cashback rates on the market – 1.6%, with the only downside being that the rate applies to local spend only.
                                                                                      • Pros
                                                                                        • Affluent consumers spending S$6,500+/month
                                                                                        • High spenders with mostly local budgets
                                                                                        • Football fans–especially of FC Barcelona
                                                                                        • Cons
                                                                                          • Frequent travellers with high overseas spend
                                                                                          • People spending less than S$5,000/month
                                                                                          • Consumers who prioritise travel perks & privileges
                                                                                          • Annual fee: S$120
                                                                                          • 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

                                                                                          Maybank FC Barcelona Visa Signature Card is an excellent card for wealthy consumers who aren't frequent travellers. Cardholders earn an elevated 1.6% unlimited cashback on all local spend, compared to competitors' standard 1.5% rate. Maybank FC Barcelona Card is also great because the lack of earnings caps make it easy for very high spenders to earn without constraint. Other perks include discounts at FC Barcelona stores, the chance to win free game tickets, and free travel insurance.


                                                                                          It's worth pointing out that this isn't the best card for people who spend a great deal of their budget overseas, however. Spend in foreign currency earns just 0.8 miles per S$1 spend, which is equivalent to about 0.8% cashback–quite low. Nonetheless, Maybank FC Barcelona Card is one of the only unlimited cashback cards that offers a fee-waiver. Cardholders can avoid paying the S$120 fee by spending just S$10k per year. For high spenders, this is quite attainable. As a result, wealthy individuals who mostly spend locally may want to consider Maybank FC Barcelona Card.

                                                                                          Standard Chartered Unlimited Cashback Card: Unlimited Rebates + Transport Perks

                                                                                          Standard Chartered Unlimited Cashback Credit Card
                                                                                          Standard Chartered Unlimited Cashback Credit Card
                                                                                          SC Unlimited Cashback Card offers flat cashback rate of 1.5% on all spend, and 5% promotional cashback rate within the first 3 months.
                                                                                          • Pros
                                                                                            • Unlimited 1.5% flat cashback
                                                                                            • No minimum spend requirement
                                                                                            • Up to 21% fuel savings with Caltex
                                                                                            • Cons
                                                                                              • Must spend S$7,000/month to get good value
                                                                                              • No boosted rates in specific categories
                                                                                              • No travel perks
                                                                                              • Annual fee: S$192.60 (waived for two years)
                                                                                              • Unlimited 1.5% cashback on all spend
                                                                                              • Caltex petrol discounts up to 21%
                                                                                              High spenders with budgets of approximately S$7,000+/month will typically run into earnings restrictions with most capped cashback cards. With Standard Chartered Unlimited Cashback Card, however, cardholders can earn an unlimited 1.5% rebate on all spend without having to worry about such caps–in other words, earning to their full potential. Consumers can also benefit from up to 21% fuel savings at Caltex and SimplyGo compatibility, which makes transport a bit easier and more cost-effective. Overall, affluent individuals who want to fully maximise their cashback may want to consider SC Unlimited Cashback Card.
                                                                                              Standard Chartered Unlimited Cashback Credit Card
                                                                                              Standard Chartered Unlimited Cashback Credit Card
                                                                                              SC Unlimited Cashback Card offers flat cashback rate of 1.5% on all spend, and 5% promotional cashback rate within the first 3 months.
                                                                                              • Pros
                                                                                                • Unlimited 1.5% flat cashback
                                                                                                • No minimum spend requirement
                                                                                                • Up to 21% fuel savings with Caltex
                                                                                                • Cons
                                                                                                  • Must spend S$7,000/month to get good value
                                                                                                  • No boosted rates in specific categories
                                                                                                  • No travel perks
                                                                                                  • Annual fee: S$192.60 (waived for two years)
                                                                                                  • Unlimited 1.5% cashback on all spend
                                                                                                  • Caltex petrol discounts up to 21%

                                                                                                  High spenders with budgets of approximately S$7,000+/month will typically run into earnings restrictions with most capped cashback cards. With Standard Chartered Unlimited Cashback Card, however, cardholders can earn an unlimited 1.5% rebate on all spend without having to worry about such caps–in other words, earning to their full potential. Consumers can also benefit from up to 21% fuel savings at Caltex and SimplyGo compatibility, which makes transport a bit easier and more cost-effective. Overall, affluent individuals who want to fully maximise their cashback may want to consider SC Unlimited Cashback Card.

                                                                                                  HSBC Advance: Best for Affluent Advance Customers

                                                                                                  HSBC Advance Credit Card
                                                                                                  HSBC Advance Credit Card
                                                                                                  While HSBC Advance Card isn't as simple to use as other unlimited cards, by satisfying a few conditions, it offers 3.5% cashback capped at S$300/mo.
                                                                                                  • Pros
                                                                                                    • Great fit for budgets between S$2,000 and S$8,000/month
                                                                                                    • Easy, low-maintenance cashback
                                                                                                    • Cons
                                                                                                      • Not suitable for average or below-average spend
                                                                                                      • Lacks travel perks
                                                                                                      • Doesn't fit highly specialised spend behaviors
                                                                                                      • Annual fee: S$192.60 (first year- waived)
                                                                                                      • 2.5% base cashback on purchases of S$2,000 and above
                                                                                                      • 1% bonus cashback when deposit min S$2,000 per month
                                                                                                      • Up to 16% fuel savings with Caltex and 14% petrol discount with Shell
                                                                                                      • Visa Concierge and e-Commerce purchase protection
                                                                                                      Current HSBC Advance customers–and those willing to consider opening an account–can earn up to S$3,600 cashback per year with HSBC Advance Card. Cardholders enjoy up to 3.5% flat cashback after S$2,000 spend (or 2.5% cashback if spend is lower) and up to S$300/month for simply depositing a minimum of S$2,000 per month in fresh funds and charging at least five transactions to their account.


                                                                                                      It's worth mentioning that not depositing at least S$2,000 in fresh funds every month will mean that you cannot qualify for the bonus cashback of 1%, decreasing the cashback rate to 2.5% for spend above S$2,000 and 1.5% for spend below S$2,000. In addition, the monthly cashback will be capped at S$70/month, dropping your annual savings from S$3,600 to just S$840.

                                                                                                      HSBC Advance Credit Card
                                                                                                      HSBC Advance Credit Card
                                                                                                      While HSBC Advance Card isn't as simple to use as other unlimited cards, by satisfying a few conditions, it offers 3.5% cashback capped at S$300/mo.
                                                                                                      • Pros
                                                                                                        • Great fit for budgets between S$2,000 and S$8,000/month
                                                                                                        • Easy, low-maintenance cashback
                                                                                                        • Cons
                                                                                                          • Not suitable for average or below-average spend
                                                                                                          • Lacks travel perks
                                                                                                          • Doesn't fit highly specialised spend behaviors
                                                                                                          • Annual fee: S$192.60 (first year- waived)
                                                                                                          • 2.5% base cashback on purchases of S$2,000 and above
                                                                                                          • 1% bonus cashback when deposit min S$2,000 per month
                                                                                                          • Up to 16% fuel savings with Caltex and 14% petrol discount with Shell
                                                                                                          • Visa Concierge and e-Commerce purchase protection

                                                                                                          Current HSBC Advance customers–and those willing to consider opening an account–can earn up to S$3,600 cashback per year with HSBC Advance Card. Cardholders enjoy up to 3.5% flat cashback after S$2,000 spend (or 2.5% cashback if spend is lower) and up to S$300/month for simply depositing a minimum of S$2,000 per month in fresh funds and charging at least five transactions to their account.


                                                                                                          It's worth mentioning that not depositing at least S$2,000 in fresh funds every month will mean that you cannot qualify for the bonus cashback of 1%, decreasing the cashback rate to 2.5% for spend above S$2,000 and 1.5% for spend below S$2,000. In addition, the monthly cashback will be capped at S$70/month, dropping your annual savings from S$3,600 to just S$840.

                                                                                                          Standard Chartered Visa Infinite X: Best Sign-on Bonus for Affluent Travellers

                                                                                                          PROMO: GET 30,000 MILES AT SIGN-UP
                                                                                                          Standard Chartered Visa Infinite X Credit Card
                                                                                                          Standard Chartered Visa Infinite X Credit Card
                                                                                                          Standard Chartered Visa Infinite X offers 30,000 miles as a sign-up bonus, 3mi/S$1 overseas spend, and a wide variety of travel perks.
                                                                                                          • Pros
                                                                                                            • Earn up to 300,000 bonus welcome miles
                                                                                                            • Earn 2 miles/S$1 spend overseas
                                                                                                            • Special privileges with elite hotels
                                                                                                            • Cons
                                                                                                              • Bonus miles limited to affluent consumers
                                                                                                              • Very high & unwaivable S$695.5 annual fee
                                                                                                              • Lower rewards rates than other lux. cards
                                                                                                              • Annual fee: S$695.50
                                                                                                              • 1.2 miles (3pts) per S$1 local spend
                                                                                                              • 2 miles (5pts) per S$1 overseas spend
                                                                                                              • 2 complimentary visits to Priority Pass lounges
                                                                                                              • Complimentary travel insurance
                                                                                                              • 0% Interest Instalment Plan
                                                                                                              Affluent travellers open to banking with Standard Chartered should definitely consider Standard Chartered Visa Infinite X Card, which has one of the best sign-on bonuses on the market. Wealthy consumers who can place at least S$300k in fresh funds in a SC Priority Banking account receive an incredible 100,000 KrisFlyer miles, which is worth about S$10k when redeemed for business class tickets. Those who can place S$800k receive 150,000 miles (worth S$15k) and Priority Private Banking customers who place S$1.5m receive a total of 300,000 miles (worth S$30k). This bonus offers very high-income individuals an extraordinary opportunity to accrue a massive amount of miles almost immediately, without almost any added effort.


                                                                                                              After taking advantage of the bonus, cardholders can continue to benefit by earning 1.2 miles per S$1 locally & 2 miles overseas and enjoying perks like 2 free lounge visits per year, exclusive hotel privileges, discounted green fees & rental cars and free travel insurance. While the annual fee of S$695.5 is undeniably high, it's easily offset by the sign-on bonus. As a result, SC Visa Infinite X Card is a great match for affluent travellers who can afford to max out the welcome offer.

                                                                                                              PROMO: GET 30,000 MILES AT SIGN-UP
                                                                                                              Standard Chartered Visa Infinite X Credit Card
                                                                                                              Standard Chartered Visa Infinite X Credit Card
                                                                                                              Standard Chartered Visa Infinite X offers 30,000 miles as a sign-up bonus, 3mi/S$1 overseas spend, and a wide variety of travel perks.
                                                                                                              • Pros
                                                                                                                • Earn up to 300,000 bonus welcome miles
                                                                                                                • Earn 2 miles/S$1 spend overseas
                                                                                                                • Special privileges with elite hotels
                                                                                                                • Cons
                                                                                                                  • Bonus miles limited to affluent consumers
                                                                                                                  • Very high & unwaivable S$695.5 annual fee
                                                                                                                  • Lower rewards rates than other lux. cards
                                                                                                                  • Annual fee: S$695.50
                                                                                                                  • 1.2 miles (3pts) per S$1 local spend
                                                                                                                  • 2 miles (5pts) per S$1 overseas spend
                                                                                                                  • 2 complimentary visits to Priority Pass lounges
                                                                                                                  • Complimentary travel insurance
                                                                                                                  • 0% Interest Instalment Plan

                                                                                                                  Affluent travellers open to banking with Standard Chartered should definitely consider Standard Chartered Visa Infinite X Card, which has one of the best sign-on bonuses on the market. Wealthy consumers who can place at least S$300k in fresh funds in a SC Priority Banking account receive an incredible 100,000 KrisFlyer miles, which is worth about S$10k when redeemed for business class tickets. Those who can place S$800k receive 150,000 miles (worth S$15k) and Priority Private Banking customers who place S$1.5m receive a total of 300,000 miles (worth S$30k). This bonus offers very high-income individuals an extraordinary opportunity to accrue a massive amount of miles almost immediately, without almost any added effort.


                                                                                                                  After taking advantage of the bonus, cardholders can continue to benefit by earning 1.2 miles per S$1 locally & 2 miles overseas and enjoying perks like 2 free lounge visits per year, exclusive hotel privileges, discounted green fees & rental cars and free travel insurance. While the annual fee of S$695.5 is undeniably high, it's easily offset by the sign-on bonus. As a result, SC Visa Infinite X Card is a great match for affluent travellers who can afford to max out the welcome offer.

                                                                                                                  OCBC Voyage: Flexible Earning & Luxury Perks

                                                                                                                  OCBC Voyage Card is a good option for wealthy customers whose spending can earn higher rewards rates and lower annual fees. In addition, the card offers many travel perks.
                                                                                                                  • Pros
                                                                                                                    • 2.2 miles per S$1 overseas and dining spend
                                                                                                                    • 1.3 miles per S$1 local general
                                                                                                                    • 15,000 annual bonus renewal miles (worth S$150)
                                                                                                                    • Unlimited lounge access, free travel insurance, limo transfers, golfing privileges & more
                                                                                                                    • Up to 19% fuel savings with Caltex
                                                                                                                    • Cons
                                                                                                                      • High S$488 annual fee (no waiver)
                                                                                                                      • Recurring bills ineligible for rewards
                                                                                                                      • Access to limo transfers requires S$3,000 minimum spend
                                                                                                                      • Annual fee: S$488 (with 15,000 VOYAGE Miles)
                                                                                                                      • 2.2 miles per S$1 overseas and dining spend
                                                                                                                      • 1.3 miles per S$1 local spend
                                                                                                                      • 1 mile per S$1 spend on AXS Pay + Earn transactions
                                                                                                                      • Up to 19% fuel savings with Caltex
                                                                                                                      • No miles conversion fees and no black-out dates
                                                                                                                      • Unlimited lounge access, free travel insurance and VISA Infinite Exclusive Benefits
                                                                                                                      • 2 complimentary limo transfers/mo with S$5,000 min spend (local or overseas)
                                                                                                                      • eCommerce purchase protection
                                                                                                                      If you're seeking flexible miles rewards both at home and abroad–paired with great travel perks–you're likely to benefit from OCBC Voyage Card. Cardholders enjoy high rates of 2.2 miles per S$1 overseas, 1.3 miles locally. As a result, it's fairly easy to continue earning even when you're not abroad (compared to other luxury cards, which heavily favour overseas spend).


                                                                                                                      Of the cards that do reward local spend with high miles rates, OCBC Voyage is one of the few that also offers luxury travel perks. Cardholders receive unlimited airport lounge access, free travel insurance, 2 free limo transfers per month, and even 30% off green fees at fairways throughout SE Asia. This card does come at a cost–a S$488 annual fee, to be exact–but its high rates and luxury perks make OCBC Voyage worth considering for the wealthy consumer.

                                                                                                                      OCBC Voyage Card is a good option for wealthy customers whose spending can earn higher rewards rates and lower annual fees. In addition, the card offers many travel perks.
                                                                                                                      • Pros
                                                                                                                        • 2.2 miles per S$1 overseas and dining spend
                                                                                                                        • 1.3 miles per S$1 local general
                                                                                                                        • 15,000 annual bonus renewal miles (worth S$150)
                                                                                                                        • Unlimited lounge access, free travel insurance, limo transfers, golfing privileges & more
                                                                                                                        • Up to 19% fuel savings with Caltex
                                                                                                                        • Cons
                                                                                                                          • High S$488 annual fee (no waiver)
                                                                                                                          • Recurring bills ineligible for rewards
                                                                                                                          • Access to limo transfers requires S$3,000 minimum spend
                                                                                                                          • Annual fee: S$488 (with 15,000 VOYAGE Miles)
                                                                                                                          • 2.2 miles per S$1 overseas and dining spend
                                                                                                                          • 1.3 miles per S$1 local spend
                                                                                                                          • 1 mile per S$1 spend on AXS Pay + Earn transactions
                                                                                                                          • Up to 19% fuel savings with Caltex
                                                                                                                          • No miles conversion fees and no black-out dates
                                                                                                                          • Unlimited lounge access, free travel insurance and VISA Infinite Exclusive Benefits
                                                                                                                          • 2 complimentary limo transfers/mo with S$5,000 min spend (local or overseas)
                                                                                                                          • eCommerce purchase protection

                                                                                                                          If you're seeking flexible miles rewards both at home and abroad–paired with great travel perks–you're likely to benefit from OCBC Voyage Card. Cardholders enjoy high rates of 2.2 miles per S$1 overseas, 1.3 miles locally. As a result, it's fairly easy to continue earning even when you're not abroad (compared to other luxury cards, which heavily favour overseas spend). ​
                                                                                                                          Of the cards that do reward local spend with high miles rates, OCBC Voyage is one of the few that also offers luxury travel perks. Cardholders receive unlimited airport lounge access, free travel insurance, 2 free limo transfers per month, and even 30% off green fees at fairways throughout SE Asia. This card does come at a cost–a S$488 annual fee, to be exact–but its high rates and luxury perks make OCBC Voyage worth considering for the wealthy consumer.

                                                                                                                          Best Rewards Credit Cards for Low Spenders

                                                                                                                          The following credit cards stand out for affordability as well as accessibility of high rewards rates.

                                                                                                                          OCBC Frank: No-Fee & Low Min. Spend Requirement

                                                                                                                          OCBC Frank is one of the best cards for younger consumers on a budget since it offers high cashback rates (6%), low min spend (S$600) and a relatively high cashback cap of S$75.
                                                                                                                          • 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
                                                                                                                              • Annual fee: S$80 (waived for two years)
                                                                                                                              • Automatic annual fee waiver with min annual spend of S$10,000
                                                                                                                              • 6% rebate on online and app spend
                                                                                                                              • 6% rebate on mobile contactless payments (Apple Pay, Samsung Pay, Google Pay, Garmin Pay and Fitbit Pay)
                                                                                                                              • 6% rebate on foreign currency spend
                                                                                                                              • 0.3% cashback on all other spend
                                                                                                                              • Monthly cashback capped at S$75
                                                                                                                              If you’re looking for an accessible cashback card that rewards social and online spending with high rates, OCBC Frank Card is one of the best options available. First of all, OCBC Frank Card rewards consumers who are comfortable with technology–specifically, cardholders earn 6% cashback on online, FX, and mobile contactless purchases. These boosted rates are accompanied by a 0.3% on all other purchases, which has no minimum spend requirement. Rewards are capped at S$75/month (separate S$25 limits for online, FX & mobile contactless, and general spend).

                                                                                                                              What makes OCBC Frank Card special is that young adults can access these rates after just S$600 spend. Competitor cards with similar rewards rates have minimums above S$600. Finally, the already low S$80.0 fee is waived 2 years, and then with S$10,000 annual spend. Most competitors don’t offer a fee waiver. Overall, OCBC Frank Card is the easiest and most accessible way for young consumers to earn on online & mobile spend.

                                                                                                                              OCBC Frank is one of the best cards for younger consumers on a budget since it offers high cashback rates (6%), low min spend (S$600) and a relatively high cashback cap of S$75.
                                                                                                                              • 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
                                                                                                                                  • Annual fee: S$80 (waived for two years)
                                                                                                                                  • Automatic annual fee waiver with min annual spend of S$10,000
                                                                                                                                  • 6% rebate on online and app spend
                                                                                                                                  • 6% rebate on mobile contactless payments (Apple Pay, Samsung Pay, Google Pay, Garmin Pay and Fitbit Pay)
                                                                                                                                  • 6% rebate on foreign currency spend
                                                                                                                                  • 0.3% cashback on all other spend
                                                                                                                                  • Monthly cashback capped at S$75

                                                                                                                                  If you’re looking for an accessible cashback card that rewards social and online spending with high rates, OCBC Frank Card is one of the best options available. First of all, OCBC Frank Card rewards consumers who are comfortable with technology–specifically, cardholders earn 6% cashback on online, FX, and mobile contactless purchases. These boosted rates are accompanied by a 0.3% on all other purchases, which has no minimum spend requirement. Rewards are capped at S$75/month (separate S$25 limits for online, FX & mobile contactless, and general spend).

                                                                                                                                  What makes OCBC Frank Card special is that young adults can access these rates after just S$600 spend. Competitor cards with similar rewards rates have minimums above S$600. Finally, the already low S$80.0 fee is waived 2 years, and then with S$10,000 annual spend. Most competitors don’t offer a fee waiver. Overall, OCBC Frank Card is the easiest and most accessible way for young consumers to earn on online & mobile spend.

                                                                                                                                  Maybank Platinum Visa: Flat Rebate for Small Budgets

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                                                                                                                                  Maybank Platinum Visa offers 3.33% rebates on local and foreign purchases, rewarding consistent spenders on a budget.
                                                                                                                                  • 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)
                                                                                                                                      • Annual fee: S$80 (3 years fee waiver)
                                                                                                                                      • Subsequently quarterly service fee is waived w/ card use at least 1x/quarter
                                                                                                                                      • Up to 3.33% on all local and foreign currency spend
                                                                                                                                      • $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
                                                                                                                                      If you spend between S$300 to S$500/month, Maybank Platinum Visa Card is an excellent way to maximise cashback on daily spend while also avoiding an annual fee. While most cashback cards require at least S$500 minimum spend, Maybank Platinum Visa Card offers S$30/quarter with just S$300 monthly spend–allowing cardholders to earn S$120/year with just S$1,200 annual spend. With typical cashback cards, this spend level would earn at just 0.3%–spending S$1,200 would earn just S$3.6.


                                                                                                                                      It’s worth mentioning that cardholders can earn a S$100/quarter rebate with a minimum monthly spend of S$1,000, but competitor cards offer better rewards rates at this spend level. Therefore, Maybank Platinum Visa Card truly shines when used specifically for lower budgets–whether as a standalone card, or as a supplement to another card. In addition, because the quarterly service fee is waived with card use, Maybank Platinum Visa Card is both affordable and maintenance-free.

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                                                                                                                                      Maybank Platinum Visa offers 3.33% rebates on local and foreign purchases, rewarding consistent spenders on a budget.
                                                                                                                                      • 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)
                                                                                                                                          • Annual fee: S$80 (3 years fee waiver)
                                                                                                                                          • Subsequently quarterly service fee is waived w/ card use at least 1x/quarter
                                                                                                                                          • Up to 3.33% on all local and foreign currency spend
                                                                                                                                          • $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

                                                                                                                                          If you spend between S$300 to S$500/month, Maybank Platinum Visa Card is an excellent way to maximise cashback on daily spend while also avoiding an annual fee. While most cashback cards require at least S$500 minimum spend, Maybank Platinum Visa Card offers S$30/quarter with just S$300 monthly spend–allowing cardholders to earn S$120/year with just S$1,200 annual spend. With typical cashback cards, this spend level would earn at just 0.3%–spending S$1,200 would earn just S$3.6.


                                                                                                                                          It’s worth mentioning that cardholders can earn a S$100/quarter rebate with a minimum monthly spend of S$1,000, but competitor cards offer better rewards rates at this spend level. Therefore, Maybank Platinum Visa Card truly shines when used specifically for lower budgets–whether as a standalone card, or as a supplement to another card. In addition, because the quarterly service fee is waived with card use, Maybank Platinum Visa Card is both affordable and maintenance-free.

                                                                                                                                          Best Rewards Credit Cards for Online & Mobile Pay

                                                                                                                                          Modern online shoppers and those who prefer contactless pay can maximise earnings with these credit cards.

                                                                                                                                          HSBC Revolution: No-Fee Miles for Social & Online Spend

                                                                                                                                          HSBC Revolution Credit Card
                                                                                                                                          HSBC Revolution Credit Card
                                                                                                                                          HSBC Revolution is a card with many benefits: the option to choose rewards in miles or cashback, no annual fee and elevated rewards on all online and contactless spend.
                                                                                                                                          • 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
                                                                                                                                              • Annual fee: none
                                                                                                                                              • 4 miles (10 points) per S$1 spend online and via contactless payments (airlines, food delivery and retail)
                                                                                                                                              • 0.4 miles (1 point) per S$1 on all other spend (non-contactless payment)
                                                                                                                                              • No minimum spend requirement and no annual fee
                                                                                                                                              • 16% off petrol at Caltex and 14% off at Shell
                                                                                                                                              If you’re a social spender, HSBC Revolution Card is one of the few cards that offers high local rates without minimums or earnings caps. While most miles cards skew towards rewarding overseas spend, HSBC Revolution offers high rates for local spend. Cardholders earn 4 miles per S$1 on online and contactless spend, or 2.5% cashback, which is up to twice the rate offered by traditional miles cards.


                                                                                                                                              In addition, cardholders can choose to be rewarded in miles or cashback. Finally, HSBC Revolution Card now has no annual fee. If you’re looking for easy miles locally and online, this is an excellent option worth looking into.

                                                                                                                                              HSBC Revolution Credit Card
                                                                                                                                              HSBC Revolution Credit Card
                                                                                                                                              HSBC Revolution is a card with many benefits: the option to choose rewards in miles or cashback, no annual fee and elevated rewards on all online and contactless spend.
                                                                                                                                              • 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
                                                                                                                                                  • Annual fee: none
                                                                                                                                                  • 4 miles (10 points) per S$1 spend online and via contactless payments (airlines, food delivery and retail)
                                                                                                                                                  • 0.4 miles (1 point) per S$1 on all other spend (non-contactless payment)
                                                                                                                                                  • No minimum spend requirement and no annual fee
                                                                                                                                                  • 16% off petrol at Caltex and 14% off at Shell

                                                                                                                                                  If you’re a social spender, HSBC Revolution Card is one of the few cards that offers high local rates without minimums or earnings caps. While most miles cards skew towards rewarding overseas spend, HSBC Revolution offers high rates for local spend. Cardholders earn 4 miles per S$1 on online and contactless spend, or 2.5% cashback, which is up to twice the rate offered by traditional miles cards.


                                                                                                                                                  In addition, cardholders can choose to be rewarded in miles or cashback. Finally, HSBC Revolution Card now has no annual fee. If you’re looking for easy miles locally and online, this is an excellent option worth looking into.

                                                                                                                                                  DBS Live Fresh: Easy Rebates for Modern Spenders

                                                                                                                                                  DBS Live Fresh Card
                                                                                                                                                  DBS Live Fresh Card
                                                                                                                                                  DBS Live Fresh Card offers 5% cashback on online and contactless spend, and an additional 5% green cashback, making it perfect for modern young professionals.
                                                                                                                                                  • 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
                                                                                                                                                      • Annual fee: S$192.60 (first year- waived)
                                                                                                                                                      • 5% rebate on online spend & visa contactless spend, including games purhases and SimplyGo rides
                                                                                                                                                      • Additional 5% cashback on sustainable spend (eco-eateries, eco-retailers and eco-transport)
                                                                                                                                                      • 0.3% cashback on all other spend
                                                                                                                                                      • Split your income tax, education and insurance payments with 0% interest and no fees with DBS Payment Plan
                                                                                                                                                      • 14% fuel savings at Esso
                                                                                                                                                      • Cashback capped at S$75/month
                                                                                                                                                      If you're a modern spender who frequently shops online and feels comfortable using digital wallets, look no further than DBS Live Fresh Card. Cardholders earn an impressive 5% cashback for spend in both categories, and an additional 5% on sustainable spend, with a total monthly cashback cap at S$75/month. There is a S$600 minimum spend requirement to access these rates, but it's slightly lower than the S$800 required by most competitors. Paired with its SimplyGo functionality, DBS Live Fresh Card's rewards structure is great for people looking to streamline their wallets and maximise rebates from tech-forward spend methods.
                                                                                                                                                      DBS Live Fresh Card
                                                                                                                                                      DBS Live Fresh Card
                                                                                                                                                      DBS Live Fresh Card offers 5% cashback on online and contactless spend, and an additional 5% green cashback, making it perfect for modern young professionals.
                                                                                                                                                      • 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
                                                                                                                                                          • Annual fee: S$192.60 (first year- waived)
                                                                                                                                                          • 5% rebate on online spend & visa contactless spend, including games purhases and SimplyGo rides
                                                                                                                                                          • Additional 5% cashback on sustainable spend (eco-eateries, eco-retailers and eco-transport)
                                                                                                                                                          • 0.3% cashback on all other spend
                                                                                                                                                          • Split your income tax, education and insurance payments with 0% interest and no fees with DBS Payment Plan
                                                                                                                                                          • 14% fuel savings at Esso
                                                                                                                                                          • Cashback capped at S$75/month

                                                                                                                                                          If you're a modern spender who frequently shops online and feels comfortable using digital wallets, look no further than DBS Live Fresh Card. Cardholders earn an impressive 5% cashback for spend in both categories, and an additional 5% on sustainable spend, with a total monthly cashback cap at S$75/month. There is a S$600 minimum spend requirement to access these rates, but it's slightly lower than the S$800 required by most competitors. Paired with its SimplyGo functionality, DBS Live Fresh Card's rewards structure is great for people looking to streamline their wallets and maximise rebates from tech-forward spend methods.

                                                                                                                                                          Learn More About Selecting the Best Rewards Card for You


                                                                                                                                                          While most consumers shopping for a rewards credit card just want to find out "What is the best rewards card?", the answer unfortunately depends on many different factors. Which rewards card will be the best for you will depend entirely on your personal spending, travel and credit habits. Taking a moment to consider your personal preferences before searching for a card will go a long way in helping you find the best deal.

                                                                                                                                                          In exchange for giving you bonuses and rewards, rewards credit cards always charge an extremely high interest rates around 25%. If you're unable to pay off your monthly charges in entirety, additional interest will easily exceed what you earn in rewards. Therefore, rewards cards are only beneficial for consumers who pay off their credit card bills on time on a monthly basis. If you are having difficulty in doing this, you should consider getting a low interest credit card or sticking to using cash. You're much better off reducing your interest payments than trying to get a few percentage points in rewards.

                                                                                                                                                          For you to benefit from rewards cards, you actually have to use them. People tend to rack up miles and points that are never used. Even worse, many miles and reward points expire within a certain time frame. For those consumers these rewards might as well be worth nothing. Since some rewards expire, you might want to consider whether you like save up towards one big redemption or want to be redeem rewards as frequently as possible.

                                                                                                                                                          Also, consider what kind of rewards you actually will be likely to use. Do you travel frequently, and would like to get free air tickets? Or would you rather receive cashback for daily purchases?

                                                                                                                                                          Lastly, you should consider how much you value flexibility. While cashback rewards are often immediately awarded, redeeming miles often take weeks of preparation because of processing time, and it may be more difficult to earn a free trip than you would like.

                                                                                                                                                          Cards with the highest rewards rates often come with a high annual fee and minimum spend requirements. With many no-fee rewards credit card options available, the decision to pay an annual fee will depend on the amount you will spend on the card. As a rule of thumb, you should plan to spend at least S$500 a month per card for a fee-based rewards card to be viable.


                                                                                                                                                          What credit card you should choose should depend first on how much money you spend. For example, my friend Robert makes S$50,000 a year, and spends about S$2,000 on his UOB One Card on a monthly basis. UOB One Card is a great cashback card that provides up to 5% cash rebate for all of your expenditures, plus some other benefits like discounts on petrol. Based on Rob's spending level, this translates to about S$1,200 of cash rebate annually, which nets out to S$2,207.4 in rebate over 2 years after subtracting S$192.6 of annual fee (which is waived for 1 year). While this may seem great, one should wonder: what if Robert spends less money?

                                                                                                                                                          Because UOB One Card requires at least S$2,000 of monthly spend to qualify for the 5% rebate, anything less would only earn maximum 3.33% of flat rate cashback. This means that my other friend Henry, who only spends S$1,000 on his card every month, can only earn S$607.4 in net cash rebate over 2 years if he uses the UOB One Card. In this case, Henry may have been better off by using a card like OCBC 365 Card, which earns cash rebate and waives the annual fee for anyone who spends S$10,000 per year on the card. To be specific, OCBC 365 earns 24% on petrol, 3% on online shopping, up to 6% on dining and 3% on groceries, among other things.

                                                                                                                                                          Comparing UOB One Card and OCBC 365 Card's Total Benefits In Terms of Cashback Earned Net of Fees Over 2 Years for Monthly Spending Levels of S$2,000 and S$1,000
                                                                                                                                                          Comparing UOB One Card and OCBC 365 Card's Benefits

                                                                                                                                                          Let's now assume that my third friend Tom is a foodie who loves to eat well. However, he doesn't care that much about traveling, shopping or entertainment (i.e. bars, karaokes, etc.). Therefore, he spends about 60% of his monthly budget on dining and groceries, while Henry only spends 35% of his spending on these two categories. In this case, Tom should prefer to use Citi Cash Back Card over using OCBC 365 Card, since Citi Cash Back card earns 8% cash rebate on all of his dining and grocery bills.

                                                                                                                                                          Comparing OCBC 365 Card and Citi Cash Back Card's Total Benefits In Terms of Cashback Earned Net of Fees Over 2 Years for Someone Who Spends S$1,000 per Month
                                                                                                                                                          Comparing OCBC 365 Card and Citi Cash Back Card's Benefits

                                                                                                                                                          There are many other factors besides your spending patterns that you must consider before choosing the right credit card. For instance, you may want to go for an air miles credit card instead of a cash back card if you tend to travel frequently. This is especially so for people who like to redeem their miles for business class or first class seats. Our study has shown that 1 mile can be worth up to S$0.08 for longer and more expensive flights, compared to S$0.01 conversion rate for economy flights.

                                                                                                                                                          Let's consider our example of Robert again from the scenario above, who spends about S$2,000 per month on his card. If he used a Citi PremierMiles Visa Card, he could be earning about 110,920 of miles over 2 years, plus additional savings on petrol, according to our calculations. This is because Citi PMV card awards 1.2 miles for every S$1 you spend locally, 2 miles for S$1 you spend overseas, 15,000 miles for customers who use the card within the first 3 months, and another 10,000 miles when you pay the S$192.6 of annual fee to renew your card. It can also earn 14-15% discounts on petrol in Singapore. If you were to convert the 111,000 miles you earn at a S$0.03 to 1 mile rate (i.e. short-haul business class seat), that's worth significantly more than the cashback Robert would earn on UOB One Card even after subtracting the annual fees. On the other hand, if Rob used his miles at a S$0.01 per mile rate, or never redeemed his miles at all, then UOB One Card would be the better deal.

                                                                                                                                                          Comparing UOB One Card and OCBC 365 Card's Total Benefits In Terms of Cashback Earned Net of Fees Over 2 Years for Someone Who Spends S$1,000 per Month
                                                                                                                                                          Comparing UOB One Card and OCBC 365 Card's Benefits for Someone Who Spends S$2,000 per Month


                                                                                                                                                          In examining the different rewards credit cards, we looked at different factors that should influence your decision. Understanding all these different aspects can help you figure out just how good a card really is.

                                                                                                                                                          How Do the Rewards Work?: While most cards use the same set of terms (points, miles, cash back), the ways these rewards work will vary significantly. Some rewards can be applied as statement credits, as cashback, as reward points or as miles. Some cards will even allow for conversion between rewards points and miles. While cashback and statement credits are two best options for most people, miles can be highly valuable for those who redeem them for long-haul flights on business class or better. Some cards also allow you to transfer your rewards to other loyalty programs giving you another way to use what you've earned.

                                                                                                                                                          Rewards Rate: If your rewards card is going to be your primary card then the rewards rate for general spending is very important. For everyday spending you can expect to earn up to 5% of what you spend as rewards. As a rule of thumb, the more flexible the type of reward you get, the lower the rewards rate you can expect. Otherwise, you could pick a few cards that collectively offer high award rates on most of your expenditures.

                                                                                                                                                          Welcome & Renewal Bonuses Matter: The promotions offered to new card holders and renewal bonuses are major contributors of the value you can get from rewards cards. Most of these bonuses require you to either make a purchase on the card or spend a certain amount within a set time limit. Because the value of welcome bonuses and renewal bonuses can range from S$50 - S$500, you should make sure to fulfill the qualifications.

                                                                                                                                                          FAQs

                                                                                                                                                          Credit cards allow you to spend credit provided by the bank which you then have to repay. When you receive a credit card, your credit card limit is the maximum amount you have been approved for at the time of your application. This is highly dependent on your annual income. The great benefit of having a credit card is that, depending on the card itself, you can receive cashback on various purchases, discounts and perks on travel, dining, sports and other activities.

                                                                                                                                                          Depending on whether you are a student, an employed citizen or foreigner, the requirements you must meet to apply for a credit card vary. Typically, you are required to have a minimum annual salary of S$30,000, and to provide your payslips, most recent Tax Assessment and a copy of your NRIC. Read our guide to see specific details about these requirements.

                                                                                                                                                          With more than 100 credit cards available in Singapore, there is a credit card for every spending profile, income level and spending preference. Read our guide to find out which credit card is best for you.

                                                                                                                                                          • Cashback: Cashback credit cards, also known as rebate cards, are named as such because they reward spend with cash credit equal to a given percentage of the transaction amount. For example, a credit card may offer 5% cashback on dining. Using that credit card to pay a S$100 restaurant bill will then earn S$5 in cash credit rewards. Cashback credits usually cannot be redeemed as actual cash. Instead, rebates are usually automatically applied to the next monthly card statement to offset the bill. Because of this automation, cashback cards are quite simple to use. This makes them a great choice for credit card beginners or those seeking an easy-to-use card for daily essentials.


                                                                                                                                                          • Miles: Travel cards offer cardholders air miles for their purchases. Unlike cashback cards, rewards are usually differentiated by local vs. overseas spend, rather than by individual spend category (ie dining, transport, etc). Miles cards also typically offer higher rewards rates for purchases made in foreign currency. They also often offer luxury perks ranging from airport lounge access to free travel insurance, golfing privileges & more. For these reasons, travel cards are understandably popular with frequent travellers who can take advantage of miles rewards while enjoying luxury perks. Miles cards also rarely have minimum spend requirements or rewards earning caps, but they tend to have higher (and often non-waivable) annual fees.


                                                                                                                                                          • Points: The most typical kind of points credit cards is shopper cards. In this case, a certain number of points are earned per S$1 spend. However, points are often represented in miles form instead. For example, if S$1 spend earns 10 points, but cardholders can redeem 10 points for 4 miles on the rewards platform, it's safe to say that spending S$1 earns 4 miles. Points can also be redeemed for other rewards such as cash vouchers, merchandise, or credit with select vendors. However, the value gained from redeeming points for such items is typically lower that the redemption rate for miles.

                                                                                                                                                          Selecting the right credit card depends both on spending behaviour & a few key factors.


                                                                                                                                                          To begin with, nearly all credit cards have annual fees that can limit accessibility or diminish earnings. Travel credit cards tend to have higher annual fees, but some–alongside several rebate cards–offer condition-based fee-waivers. In these cases, a consumer can avoid paying the annual fee if they achieve a minimum spend by the end of the year (ie, waiver granted with S$12k annual spend). Many cards also waive the annual fee for the first 1-3 years after approval, making it easy to get started with the card upfront. Nonetheless, even if the annual fee seems achievable, it's possible to end up with a nett loss by the end of the year. In other words, if earnings from the credit card do not exceed the fee, you'll actually end up losing money. This is one reason it's important to pick a card that rewards your lifestyle.


                                                                                                                                                          In addition to annual fees, minimum spend requirements are important to consider. Minimum spend requirements reflect how much a cardholder must spend in order to unlock higher rewards rates as advertised. For example, a card might require S$800 minimum spend for the month in order to earn a 8% rebate that month. Spending even S$1 less than the minimum may result in the cardholder earning at a base rate of just 0.2%–0.3%, which translates to a massive loss in earnings potential. It's incredibly important to review a card's minimum spend requirement before applying. If you can't reliably achieve the given amount, you won't be able to access meaningful rewards rates.


                                                                                                                                                          Finally, make sure to review the overall rewards system structure. Choose a card that rewards categories you're most likely to spend on. Many cards cater to specific profiles (retail shoppers, travellers, everyday spenders & more) which can make selection a bit easier. It's essential to keep in mind that while high rewards rates can be very tempting, they won't prove beneficial unless you're likely to spend in the rewarded category.


                                                                                                                                                          Considering these factors together can help you to find a credit card that will truly maximise earnings for your spend.

                                                                                                                                                          That largely depends on your spending habits. There are credit cards best suited for high or low spenders, for frequent travelers and those looking for no fee credit cards. For example, DBS Altitude Visacredit card is a great option for frequent travelers looking for affordable luxury perks, while OCBC 365 Card card may be a better option for those looking for those with broad spending habits seeking daily rebates.

                                                                                                                                                          Rewards credit cards can be worth it if you can find one that fits your needs and your spending profile. The best option is to find a card which rewards your spending behavior without requiring you to change your habits. Read our guide to figure out which one is the best fit for you.

                                                                                                                                                          Rewards credit cards generally reward certain spending habits and spending amounts, based on the terms of the given credit card. Cashback credit cards do just that: they give you cashback on certain everyday purchases. While cashback cards provide a nearly immediate reward, that is cash on your credit card, rewards credit cards work differently. Some in addition to providing cashback and rebates, reward you with accumulating points on certain purchases which in turn, provide other travel and entertainment perks over time. Rewards credit cards can often be part of a rewards program, which come with their own benefits.

                                                                                                                                                          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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