Best Unlimited Cashback Credit Cards 2021

If you're a high spender who often feels limited by most rebate cards' rewards caps, you may be better suited to an unlimited cashback card. After careful analysis, we've identified the best credit cards in Singapore for high earners looking to reach their full rewards-earning potential. Our reviews provide insight into how each card is unique, helping you to select the best option for your lifestyle.

Highest Flat Unlimited Cashback Rate
Unlimited Cashback & 0% Interest Instalment Plan
Unlimited Cashback With Best Sign-On Boost:
Unlimited Cashback for Local Spenders
Unlimited Cashback for Frequent Travellers
  • CIMB Visa Infinite: Unlimited 2% cashback on travel, overseas and online spend in foreign currencies

Compare the Best Unlimited Cashback Credit Cards in Singapore by Dollar Value

Based on a high monthly spend of S$6,000, 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 credit cards compare to one another in terms of their rewards
Best Unlimited Cashback Credit Cards in Singapore by Estimated 2-Year Dollar Value
Highest Flat Unlimited Cashback Rate:
Unltd Cashback & 0% Interest Instal Plan
Unltd Cashback With Best Sign-On Boost:
Unltd Cashback for Local Spenders
Unltd Cashback for Frequent Travellers
  • CIMB Visa Infinite: Unlimited 2% cashback on travel, overseas and online spend in foreign currencies

Compare Best Unlimited Cashback Cards by Dollar Value

Based on a high monthly spend of S$6,000, we analysed the best unlimited cashback 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 the best unlimited cashback credit cards compare to one another in terms of their rewards
Best Unlimited Cashback Cards in Singapore by Estimated 2-Year Dollar Value

Should You Consider an Unlimited Cashback Credit Card?

Many credit cards in Singapore advertise remarkably high rebate rates–sometimes up to 10%. However, most of these cards also have monthly earnings caps. Cardholders who spend enough to max out their rewards subsequently earn at a base rate of about 0.40% on remaining spend that month. For average and lower spenders, this may not be an issue. For example, you'd need to spend S$2,000 to max out a S$100 rewards cap at a 5% rebate rate.

Those with larger budgets, however, may quickly find themselves cut off, earning at the lower base rate on a sizeable fraction of their spend. Ultimately, consumers spending S$6,000+/month are most likely to benefit from unlimited cashback cards. While rates are lower (typically 1-2%), the lack of caps allows high spenders to earn up to their full potential.

UOB Absolute Cashback Card: Highest Unlimited Flat Cashback Rate

  • Unlimited 1.7% cashback on all spend
  • Promotions:
  • Use code UOB10 to get 10% off Lenovo Thinkpad laptops (until Dec 31, 2021)
  • Get S$8 off with min spend of S$20 for new customers at Lazada (until Dec 31, 2021)
  • Read Our Full Review
  • Annual fee: S$192.60 (first year - waived)
  • 1.7% unlimited cashback
  • No min spend and no spend exclusions
  • Earn cashback on insurance payments, school fees, wallet top-ups
  • Cashback also available on healthcare, utilities and telco bills and rental payments
UOB Absolute Cashback Card offers highest flat cashback rate of 1.7%, with no minimum spend and no exclusions. While a cashback rate of 1.7% may not seem high, the absence of caps, minimum and exclusions means you can earn on everything with no complications. What makes this card unique is that you can actually earn cashback even on categories often excluded by other cards, such as: insurance payments, school feels, medical bills and rental payments. Wallet top-ups, utilities and telco bills spend will also earn cashback.


Another benefit of UOB Absolute Cashback Card is the exclusive American Express Card privileges that you can enjoy, from complimentary 6-month FoundersCard membership to 50% savings on dining, shopping and accommodation. UOB Absolute also offers 20.8% savings at Shell stations and up to 24% savings at SPC.

  • Stand-Out: Unlimited 1.7% cashback on all spend
  • Promotions:
  • Use code UOB10 to get 10% off Lenovo Thinkpad laptops (until Dec 31, 2021)
  • Get S$8 off with min spend of S$20 for new customers at Lazada (until Dec 31, 2021)
  • Read Our Full Review
  • Annual fee: S$192.60 (first year - waived)
  • 1.7% unlimited cashback
  • No min spend and no spend exclusions
  • Earn cashback on insurance payments, school fees, wallet top-ups
  • Cashback also available on healthcare, utilities and telco bills and rental payments
UOB Absolute Cashback Card offers highest flat cashback rate of 1.7%, with no minimum spend and no exclusions. While a cashback rate of 1.7% may not seem high, the absence of caps, minimum and exclusions means you can earn on everything with no complications. What makes this card unique is that you can actually earn cashback even on categories often excluded by other cards, such as: insurance payments, school feels, medical bills and rental payments. Wallet top-ups, utilities and telco bills spend will also earn cashback.


Another benefit of UOB Absolute Cashback Card is the exclusive American Express Card privileges that you can enjoy, from complimentary 6-month FoundersCard membership to 50% savings on dining, shopping and accommodation. UOB Absolute also offers 20.8% savings at Shell stations and up to 24% savings at SPC.

Standard Chartered Unlimited Cashback: Flat Rebate Rate & 0% Interest Instal Plan

Standard Chartered Unlimited Cashback Credit Card
Standard Chartered Unlimited Cashback Credit Card
  • Annual fee: S$192.6, 2-year waiver
  • Unlimited 1.5% cashback on all spend
  • Up to 21% fuel savings with Caltex
Affluent individuals who spend about S$7,000/month can earn more with Standard Chartered Unlimited Cashback Card than with just about any capped rebate card on the market. Consumers earn 1.5% flat cashback on all of their spend–both locally and overseas–without having to worry about minimum spend requirements or earnings caps.


SC Unlimited Card also comes with EasyPay, a 0% interest instalment plan that allows consumers to split purchases of S$500+ across 6 or 12 months. Unlike other instalment plans, EasyPay rewards cashback for purchases made on the plan (though there's a 5% processing fee which can offset earnings). As a result, SC Unlimited Cashback Card is a great option for high spending shoppers who may occasionally prefer to pay for larger transactions over time.

Standard Chartered Unlimited Cashback Credit Card
Standard Chartered Unlimited Cashback Credit Card
  • Annual fee: S$192.6, 2-year waiver
  • Unlimited 1.5% cashback on all spend
  • Up to 21% fuel savings with Caltex
Affluent individuals who spend about S$7,000/month can earn more with Standard Chartered Unlimited Cashback Card than with just about any capped rebate card on the market. Consumers earn 1.5% flat cashback on all of their spend–both locally and overseas–without having to worry about minimum spend requirements or earnings caps.


SC Unlimited Card also comes with EasyPay, a 0% interest instalment plan that allows consumers to split purchases of S$500+ across 6 or 12 months. Unlike other instalment plans, EasyPay rewards cashback for purchases made on the plan (though there's a 5% processing fee which can offset earnings). As a result, SC Unlimited Cashback Card is a great option for high spending shoppers who may occasionally prefer to pay for larger transactions over time.

American Express True Cashback Card: Best Sign-On Rate Boost

  • 1.5% unlimited cashback, boosted to 3% for 1st 6mo
  • Promotions: New to Bank applicants can receive S$20 CapitaVouchers upon 1st transaction within 1st month of Card approval, and S$100 CapitaVouchers with S$500 spend within first month of Card approval.
  • Read Our Full Review
  • Annual fee: S$171.2, 1-year waiver
  • Unlimited 1.5% cashback on all spend
  • Free travel insurance & Amex Selects Privileges
Amongst unlimited cashback cards, American Express True Cashback Card offers the best ongoing sign-on promotion available on the market. While the standing rate is 1.5% rebate on all spend, cardholders earn a boosted 3% cashback on spend (up to S$150) within their first 6 months. This reward can be maxed out with just S$5,000 spend, which is quite reasonable given those most likely to maximise rewards with Amex True Cashback Card would spend about S$7,000+ in just one month.


Cardholders can also benefit from perks like American Express Selects, Global Assist, and card-specific True Cashback offers. These deals often offer privileges and discounts at popular restaurants and lifestyle vendors–including wedding-related merchants. All in all, Amex True Cashback Card is a great option for high spenders who want the value of a top sign-on bonus paired with distinct Amex benefits.

  • Stand-Out: 1.5% unlimited cashback, boosted to 3% for 1st 6mo
  • Promotions: New to Bank applicants can receive S$20 CapitaVouchers upon 1st transaction within 1st month of Card approval, and S$100 CapitaVouchers with S$500 spend within first month of Card approval.
  • Read Our Full Review
  • Annual fee: S$171.2, 1-year waiver
  • Unlimited 1.5% cashback on all spend
  • Free travel insurance & Amex Selects Privileges
Amongst unlimited cashback cards, American Express True Cashback Card offers the best ongoing sign-on promotion available on the market. While the standing rate is 1.5% rebate on all spend, cardholders earn a boosted 3% cashback on spend (up to S$150) within their first 6 months. This reward can be maxed out with just S$5,000 spend, which is quite reasonable given those most likely to maximise rewards with Amex True Cashback Card would spend about S$7,000+ in just one month.


Cardholders can also benefit from perks like American Express Selects, Global Assist, and card-specific True Cashback offers. These deals often offer privileges and discounts at popular restaurants and lifestyle vendors–including wedding-related merchants. All in all, Amex True Cashback Card is a great option for high spenders who want the value of a top sign-on bonus paired with distinct Amex benefits.

Maybank FC Barcelona Visa Signature: Unlimited Cashback for Local Spenders

  • 1.6% unlimited local cashback, fee waiver w/ S$10,000 annual spend
  • Promotions: Get Garmin vivomove Style worth S$469 spend S$300 for each of the 2 consecutive months upon approval
  • Read Our Full Review
  • Annual fee: S$120.0, waived with S$10,000 annual spend
  • Unlimited 1.6% rebate on local spend
  • 2 Pts (0.8 miles) per S$1 on foreign currency transactions
  • Up to 10% discount at FC Barcelona official stores
  • Free travel insurance
If you're a high spender with a primarily local budget, you may want to consider Maybank FC Barcelona Visa Signature Card. Cardholders earn 1.6% cashback on all spend in Singapore, which parallels the highest unlimited rate currently on the market. In addition to this high rate, consumers also enjoy unique perks like discounts, promotions and sweepstakes related to FC Barcelona merchandise and games–perfect for sports enthusiasts.


It's important to mention, however, that overseas spend earns just 0.8 miles per S$1 (equal to about 0.8% cashback). As a result, this card is best fit for those with local budgets. Even still, nearly all high-spenders can benefit from Maybank FC Barcelona Card's easy fee waiver–the already low S$120.0 annual fee is waived with just S$10,000 annual spend. Most other unlimited cards offer just a 1st-year waiver. Ultimately, Maybank FC Barcelona Card is a great option for affluent local spenders, especially sports enthusiasts.

  • Stand-Out: 1.6% unlimited local cashback, fee waiver w/ S$10,000 annual spend
  • Promotions: Get Garmin vivomove Style worth S$469 spend S$300 for each of the 2 consecutive months upon approval
  • Read Our Full Review
  • Annual fee: S$120.0, waived with S$10,000 annual spend
  • Unlimited 1.6% rebate on local spend
  • 2 Pts (0.8 miles) per S$1 on foreign currency transactions
  • Up to 10% discount at FC Barcelona official stores
  • Free travel insurance
If you're a high spender with a primarily local budget, you may want to consider Maybank FC Barcelona Visa Signature Card. Cardholders earn 1.6% cashback on all spend in Singapore, which parallels the highest unlimited rate currently on the market. In addition to this high rate, consumers also enjoy unique perks like discounts, promotions and sweepstakes related to FC Barcelona merchandise and games–perfect for sports enthusiasts.


It's important to mention, however, that overseas spend earns just 0.8 miles per S$1 (equal to about 0.8% cashback). As a result, this card is best fit for those with local budgets. Even still, nearly all high-spenders can benefit from Maybank FC Barcelona Card's easy fee waiver–the already low S$120.0 annual fee is waived with just S$10,000 annual spend. Most other unlimited cards offer just a 1st-year waiver. Ultimately, Maybank FC Barcelona Card is a great option for affluent local spenders, especially sports enthusiasts.

CIMB Visa Infinite Card: Unltd. Rebates for Affluent Travellers

  • Unlimited 2% cashback on travel, overseas and online spend in foreign currencies
  • Promotions: Click on our link to get the latest promotion from CIMB!
  • Read Our Full Review
  • Annual fee: Free
  • Unlimited 2% cashback on all travel expenses & overseas spend
  • Unlimited 1% cashback on all other spend
  • Free travel insurance, 3x lounge access, discounted limo transfers
  • CIMB 0% Interest i.Pay Instalment Plan
CIMB Visa Infinite Card is one of the few unlimited cards on the market that offers travellers the chance to rapidly maximise cashback rewards. While all spend earns at a base rate of 1% unlimited rebate, this rate is doubled to 2% on all travel expenses (airlines, hotels, travel agencies & more) and foreign currency transactions after reaching a monthly spend requirement of S$2,000. This is by far the highest unlimited cashback rate for overseas spend currently on the market.


CIMB Visa Infinite Card also stands out for its travel perks, which are typically associated with miles-earning cards. Cardholders enjoy free lounge access, discounted limo transfers, complimentary travel insurance and more. Perhaps best of all, there's never an annual fee. Overall, CIMB Visa Infinite Card is an ideal, maintenance-free cashback option for high spenders who frequently travel overseas.

  • Stand-Out: Unlimited 2% cashback on travel, overseas and online spend in foreign currencies
  • Promotions: Click on our link to get the latest promotion from CIMB!
  • Read Our Full Review
  • Annual fee: Free
  • Unlimited 2% cashback on all travel expenses & overseas spend
  • Unlimited 1% cashback on all other spend
  • Free travel insurance, 3x lounge access, discounted limo transfers
  • CIMB 0% Interest i.Pay Instalment Plan
CIMB Visa Infinite Card is one of the few unlimited cards on the market that offers travellers the chance to rapidly maximise cashback rewards. While all spend earns at a base rate of 1% unlimited rebate, this rate is doubled to 2% on all travel expenses (airlines, hotels, travel agencies & more) and foreign currency transactions after reaching a monthly spend requirement of S$2,000. This is by far the highest unlimited cashback rate for overseas spend currently on the market.


CIMB Visa Infinite Card also stands out for its travel perks, which are typically associated with miles-earning cards. Cardholders enjoy free lounge access, discounted limo transfers, complimentary travel insurance and more. Perhaps best of all, there's never an annual fee. Overall, CIMB Visa Infinite Card is an ideal, maintenance-free cashback option for high spenders who frequently travel overseas.

Learn More About How to Find the Best Credit Card for You

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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