Best Cashback Cards in Singapore in 2021

by Starry   ·  1 year ago   ·  


People often get excited whenever they encounter the word “Cashback”. It is a word that singnals as something that is a net positive. It could be in the form of a bonus point that you get while you are shopping or dining in a restaurant. Whenever you spend a considerable amount of money, you probably expect to get some kind of cashback or discount attached to your deal. However, this is not always the case. That is why cashback credit cards are a lucrative option, because with cashback credit cards, cashbacks are not an anamoly or bug, but a feature. 

Some of the cashback credit cards in Singapore present amazing offers that will entice you by giving you a stress-free shopping experience. Let’s have a look at some of the most preferred cashback credit cards in Singapore, so that you can decide for yourself which one will suit you the best.

List of 6 best cashback cards in Singapore

HSBC Advance Credit Card

If you are in search of a high cash back credit card in Singapore then HSBC advance credit card is a good choice, as it offers 3.5% cashback to its advanced customers. To become an advanced customer you would have to qualify all of the below mentioned conditions:

  • Monthly salary of $3500.
  • The minimum spending limit is $2000 per month.
  • The cashback cap is $125.

You can still get cashback if you are not an advanced member, if you qualify all of the following conditions-

  • Cashback is 1.5% to 2.5% of the total cost of transaction.
  • Cashback Cap is $70.

Some Mandatory Conditions are-

  • Minimum Income of $30,000 per annum for Singaporeans.
  • For Non-Singaporeans, the Minimum income is $40,000 per annum.
  • Annual Fee of S$192.60 is applicable.
  • Interest rate of 25.9% (Annual) is applicable.
  • 1-year card annual fee waiver.

UOB One Card

Its a cashback process that is a bit complex but it is one of the best Cashback cards in Singapore for people who need to pay high amount bills every month as the minimum spending limit can be achieved by them every month, and they will be able to avail the cashback. UOB one card has a 3 tier spend system, after which the cardholder gets 3 cash backs.

Some Mandatory conditions for accessing the cashback on this card are-

  • Minimum Income of $30,000 per year.
  • For Non-Singaporean, the Minimum Income should be $40,000 per year.
  • Annual Fee of $192.60 per year is applicable.
  • Supplementary Annual Fee: 1st Supplementary Card Free; $96.30 for subsequent cards.
  • Fee Waiver- Available
  • Interest Rate- 25.9% (Annual)

Maybank Platinum Visa Card

Its a cashback process that is similar to the UOB one card as it pays quarterly cashback. Some of the places covered in the cashback scheme of Maybank platinum Visa card are:

  • Yamaha Music Centre
  •  NTUC Fairprice
  • Sheng Siong
  • Redmart
  • Popular bookstores
  • Buying groceries in Singapore

Some mandatory conditions for getting cashback on this card are:-

  • Minimum annual income: $30,000 per annum.
  • Non-Singaporean Minimum Income: $60,000 per annum.
  • Annual Fee: $180.
  • Supplementary Annual Fee: Free.
  • Fee Waiver: 3 years fee waiver.
  • Interest Rate: 25.9% (Annual).

Citibank SMRT Card

Citibank SMRT card is the best cashback card in Singapore for your daily needs. It doesn’t require any minimum spending limit but if you are spending $300 per month then it will be a cherry on the cake as Citibank offers 5% on cashback.

Some mandatory conditions to get a cashback are:

  • Minimum Income: $30,000 per annum.
  • Non-Singaporean Minimum Income: $42,000 per annum.
  • Annual Fee: $192.60.
  • Supplementary Annual Fee: $96.30.
  • Fee Waiver: Available.
  • Interest Rate: 26.9%(Annual).

American Express True Cashback Card

The American Express True Cashback Card is currently the best of all the Cashback credit cards in Singapore since it offers a 3% cashback for the first 6 months for up to a $5,000 spending limit and 1.5% cashback on everything.

Some mandatory conditions for accessing cashback on this card are:

  •  Minimum annual income: $30,000 per annum.
  • Non-Singaporean Minimum annual income: $60,000 per annum.
  • Annual Fee: $171 per annum.
  • Supplementary Annual Fee: $85.60 per annum.
  • Fee Waiver: Available.
  • Interest Rate: 25.9% (Annual).


Bank of China Family Card

It is one of the best cashback cards in Singapore as it offers a higher percentage of cashback than many credit cards. It is particularly beneficial for food lovers as the card offers 10% cashback on dining and movies for the whole week. However, there is a cap of $25 on dining and movies. You will get 3% cashback on online shopping, Supermarket, and hospital bills. The minimum spend limit is $800 for the BOC( Bank of China) family card.

Some mandatory conditions to get a cashback are:

  • Minimum annual income: $30,000 per annum.
  • Non-Singaporean Minimum Income: $60,000 per annum.
  • Annual Fee: $203.30.
  • Supplementary Annual Fee: $101.65.
  • Fee Waiver: 1-year fee waiver.
  • Interest Rate: 28.88% (Annual).


If you are planning on increase your savings overtime, it is advantageous to get a cashback card in Singapore as it is one of the best ways to cut your living costs efficiently. Some credit cards have a cashback cap and a minimum spending limit but some are so generous that they offer unlimited cashback without any minimum spending limit. The list above has included all kinds of cashback cards in Singapore. All you have to do now is go through the features and figure out which would be the perfect credit card for your lifestyle.

Ultimately, when it comes to picking among the many Cashback cards in Singapore, the one that offers cashback on tier scheme pays more cashback than the others, so choose wisely.

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