If you’re looking for a way to earn rewards on your everyday spending, a cashback credit card could be a great option for you. By using a cashback credit card, you can earn a percentage of your purchases back in the form of cashback, which can be redeemed for statement credits, gift cards, or even cash.
There are many cashback credit cards available in Singapore, each with its own unique features and benefits. Some cards offer higher cashback rates on certain spending categories, while others offer unlimited cashback on all purchases. To help you find the best cashback credit card for your needs, we’ve compiled a list of the top cards available in Singapore, along with their key features and benefits.
Key Takeaways
- Cashback credit cards can be a great way to earn rewards on your everyday spending in Singapore.
- There are many different cashback credit cards available, each with its own unique features and benefits.
- To find the best cashback credit card for your needs, consider your spending habits and look for a card that offers high cashback rates on the categories where you spend the most.
Understanding Cashback Credit Cards
What Is a Cashback Credit Card?
If you’re looking for a way to save money while you spend, a cashback credit card might be the perfect solution for you. A cashback credit card is a type of credit card that rewards you for using it by giving you cashback on your purchases. The amount of cashback you receive is usually a percentage of the purchase price, and it can add up quickly if you use your card for all your regular expenses.
In Singapore, there are many different cashback credit cards to choose from, each with its own unique features and benefits. Some cards offer higher cashback rates for specific categories like dining or groceries, while others offer a flat cashback rate on all purchases. It’s important to compare the different options and choose a card that best fits your spending habits and lifestyle.
Benefits of Cashback Cards
There are many benefits to using a cashback credit card. First and foremost, you can earn cashback on your purchases, which can add up to significant savings over time. Additionally, many cashback credit cards offer other perks like discounts, promotions, and exclusive deals with partner merchants.
Another benefit of cashback credit cards is that they can help you manage your finances. By using your card for all your regular expenses, you can easily track your spending and stay within your budget. Plus, many cashback credit cards offer online tools and resources to help you manage your account and monitor your cashback rewards.
Overall, cashback credit cards are a great way to save money and earn rewards on your everyday purchases. Whether you’re looking for cash rebates, savings, or other rewards, there’s a cashback credit card in Singapore that’s right for you.
Key Features of Top Cashback Cards
If you’re looking for a credit card that rewards you for your spending, cashback credit cards are a great option. Here are the key features you should look out for when comparing the best cashback credit cards in Singapore.
Cashback Rates and Caps
The cashback rate is the percentage of your spending that you’ll receive back as cashback. Some cards offer a flat rate for all spending, while others offer higher rates for specific categories such as dining, groceries, or petrol. It’s important to check the cashback cap as well, which is the maximum amount of cashback you can earn per month or per year.
For example, the Amex True Cashback Card offers 1.5% cashback on all spending with no minimum spending requirement and no cashback cap. Meanwhile, the UOB One Card offers up to 5% cashback for certain categories, but has a cashback cap of $300 per quarter.
Annual Fees and Waivers
Most cashback credit cards come with an annual fee, which can range from $0 to $192. Some cards offer an automatic annual fee waiver if you meet certain conditions such as spending a minimum amount each year. Others may waive the annual fee for the first year only.
For example, the HSBC Visa Platinum Card has an annual fee of $192, but offers an automatic annual fee waiver if you spend at least $12,500 per year.
Minimum Spend Requirements
Some cashback credit cards require you to spend a minimum amount each month or each quarter to qualify for the cashback. This can be a disadvantage if you don’t spend enough to meet the minimum spend requirement.
For example, the Citi Cash Back Card offers up to 8% cashback on groceries and petrol, but you need to spend at least $888 per month to qualify for the cashback.
When comparing cashback credit cards, it’s important to consider all of these factors to find the card that best suits your spending habits and needs.
Best Cashback Cards for Everyday Expenses
If you’re looking for a credit card that rewards you for your everyday expenses, then a cashback credit card is the perfect choice for you. Here are some of the best cashback credit cards in Singapore that can help you save money on your everyday expenses.
Groceries and Dining
When it comes to groceries and dining, the Citi Cash Back Card is one of the best cashback credit cards in Singapore. With this card, you can get up to 8% cashback on your groceries and dining expenses. This includes dining at restaurants, cafes, and fast food outlets, as well as online food delivery services.
Another great option is the American Express True Cashback Card, which offers 3% cashback on your groceries and dining expenses. This card also offers 1.5% cashback on all other purchases, making it a great all-around cashback credit card.
Fuel and Transport
If you’re looking for a credit card that can help you save money on your fuel and transport expenses, then the UOB One Card is a great choice. With this card, you can get up to 5% cashback on your petrol expenses, as well as up to 5% cashback on your Grab rides.
Another great option is the Standard Chartered Spree Credit Card, which offers up to 3% cashback on your fuel and transport expenses. This includes all public transport expenses, as well as Grab and SimplyGo transactions.
Utilities and Bills
When it comes to your utility bills and telco bills, the OCBC 365 Credit Card is a great choice. With this card, you can get up to 3% cashback on your utility bills, as well as up to 5% cashback on your telco bills.
Another great option is the HSBC Advance Credit Card, which offers up to 3.5% cashback on your utility bills and telco bills. This card also offers up to 2.5% cashback on all other purchases, making it a great all-around cashback credit card.
With these cashback credit cards, you can save money on your everyday expenses and enjoy great rewards at the same time. Whether you’re looking to save on your groceries and dining expenses, fuel and transport expenses, or utility bills and telco bills, there’s a cashback credit card that’s perfect for you.
Maximising Rewards with Specific Cards
UOB One Card Explained
If you want to maximise your cashback rewards, the UOB One Card is an excellent choice. With this card, you can enjoy up to 5% cash rebates on all your spending categories, including groceries, dining, and petrol. It offers a unique rebate structure that allows you to earn higher cashback rates when you consistently meet the minimum spend requirement each month. This card is perfect for individuals who want to maximise their cashback rewards on essential daily expenses.
OCBC 365 Card Benefits
The OCBC 365 Card is designed to offer you year-round cashback on various spending categories. You can earn cashback on dining, groceries, online shopping, and even recurring telco bills. With this card, you can also enjoy fuel savings at selected petrol stations. The versatility of cashback categories makes this card an attractive option for those who want to maximise rewards across different aspects of their daily lives.
Citi Cash Back Card Perks
The Citi Cash Back Card offers a straightforward and rewarding cashback programme. You can earn cashback on dining, groceries, and petrol expenses. Additionally, with the Citi Cash Back+ Card, you can enjoy cashback on all other spend categories, making it a great choice for those who want to maximise their cashback rewards across a wide range of purchases. These cards are ideal for individuals who want to earn cashback on their everyday essentials and more.
Specialised Spending Categories
If you have specific spending categories, you can find cashback credit cards that cater to your needs. Here are some of the best options for different categories:
Online Shopping Rewards
If you love online shopping, you can earn cashback rewards on your purchases. Some of the best cashback credit cards for online shopping include the OCBC Frank Card, which offers up to 6% cashback on online shopping and up to 5% on entertainment and dining. Another great option is the HSBC Revolution Credit Card, which offers up to 5% cashback on online spending and up to 2 miles per dollar spent on dining and entertainment.
Entertainment and Lifestyle
If you enjoy dining out and exploring the city’s entertainment options, you can earn cashback rewards on your expenses. Some of the best cashback credit cards for entertainment and lifestyle include the UOB Yolo Credit Card, which offers up to 8% cashback on dining, entertainment, and online fashion and travel bookings. Another great option is the Citi Cash Back Card, which offers up to 8% cashback on dining, groceries, and petrol.
Travel and Overseas Spend
If you travel frequently or make overseas purchases, you can earn cashback rewards on your expenses. Some of the best cashback credit cards for travel and overseas spend include the Maybank Family & Friends Card, which offers up to 8% cashback on dining, groceries, and petrol in Singapore and Malaysia. Another great option is the DBS Altitude Card, which offers up to 3 miles per dollar spent on online flight and hotel bookings, and up to 1.2 miles per dollar spent overseas.
Keep in mind that these are just a few examples, and there are many other cashback credit cards available that cater to different spending categories. Be sure to compare the benefits and fees of each card before making a decision.
Comparing Unlimited Cashback Offers
If you’re looking for a credit card with unlimited cashback offers, you’re in luck. Singapore has plenty of options to choose from. Here are some of the best unlimited cashback credit cards available:
UOB Absolute Cashback Card
The UOB Absolute Cashback Card is one of the most popular credit cards in Singapore. It offers unlimited cashback on all spend, with no minimum spend required. You can earn up to 1.7% cashback on all local spend and up to 2.2% cashback on all overseas spend. Plus, there are no caps on the amount of cashback you can earn.
American Express True Cashback
The American Express True Cashback card is another great option for those looking for unlimited cashback offers. With this card, you can earn 1.5% cashback on all spend, with no minimum spend required. Plus, there are no caps on the amount of cashback you can earn.
Standard Chartered Simply Cash Credit Card
The Standard Chartered Simply Cash Credit Card is a great option for those who spend a lot on dining and online shopping. With this card, you can earn up to 1.5% cashback on all spend, with no minimum spend required. Plus, you can earn up to 3% cashback on dining and online shopping.
Overall, these three credit cards offer some of the best unlimited cashback offers in Singapore. Depending on your spending habits and preferences, one of these cards may be the perfect fit for you.
Additional Perks and Privileges
When it comes to cashback credit cards, the perks and privileges offered can make a big difference in your overall experience. Here are some additional benefits to consider when choosing the best cashback credit card in Singapore for your needs.
Exclusive Partners and Promotions
Many cashback credit cards in Singapore offer exclusive partnerships and promotions that can help you save even more money. For example, some cards offer discounts on dining, shopping, and entertainment at specific merchants. Others may offer bonus cashback when you spend a certain amount at certain retailers.
Supplementary Card Advantages
Supplementary cards are an excellent way to extend the benefits of your cashback credit card to your family members. Some cards allow you to add multiple supplementary cards to your account at no extra cost. This means that your family members can enjoy the same cashback rewards and other benefits as you do.
Insurance and Protection Benefits
Some cashback credit cards in Singapore come with insurance and protection benefits that can provide you with peace of mind. For example, some cards offer travel insurance when you book your travel using the card. Others may offer purchase protection, which can help you get a refund if your purchase is lost, stolen, or damaged.
In addition to the above-mentioned benefits, some cashback credit cards may also offer insurance premiums and other privileges. It’s important to read the terms and conditions carefully to understand what benefits you are entitled to.
Overall, the additional perks and privileges offered by cashback credit cards in Singapore can help you save money and enjoy a better experience. When choosing a cashback credit card, be sure to consider these benefits in addition to the cashback rewards.
Strategies for Optimising Cashback
When it comes to maximising your cashback rewards, there are a few key strategies you can use to ensure you’re getting the most out of your cards. Here are some tips to help you optimise your cashback rewards:
Managing Multiple Cards
One of the best ways to maximise your cashback rewards is to manage multiple credit cards. By using different cards for different spending categories, you can take advantage of higher cashback rates and avoid hitting your cashback cap too quickly. For example, you might use one card for dining and entertainment expenses, another for grocery shopping, and a third for online purchases.
Understanding Terms and Conditions
To get the most out of your cashback credit cards, it’s important to understand the terms and conditions. Make sure you know the cashback rates for different spending categories, as well as any fees and cashback caps that may apply. You should also be aware of any minimum spend requirements or other restrictions that could affect your ability to earn cashback.
Leveraging Promotions and Rewards
Many cashback credit cards offer promotions and rewards that can help you earn even more cashback. For example, you might be able to earn bonus cashback for spending a certain amount within a specific time frame, or receive additional rewards for referring friends to the card. Keep an eye out for these promotions and take advantage of them whenever possible.
By following these strategies, you can optimise your cashback rewards and make the most of your credit cards. With careful planning and a little bit of effort, you can earn significant cashback rewards each month and enjoy all the benefits that come with using a rewards credit card.
Frequently Asked Questions
What’s the ultimate cash rebate card for your wallet?
When it comes to finding the best cashback credit card in Singapore, there’s no one-size-fits-all answer. It all depends on your spending habits and lifestyle. However, some of the top cashback credit cards in Singapore include UOB One, OCBC 365, and Citi Cash Back. These cards offer high cashback rates and rewards on daily expenses such as dining, groceries, and petrol.
Can you really save big with a 5% cashback card?
Yes, you can! A 5% cashback card can help you save a lot of money in the long run, especially if you use it for your daily expenses. For example, if you spend $500 on groceries every month, you can save $300 a year with a 5% cashback card. However, keep in mind that some cards have caps on the amount of cashback you can earn, so be sure to read the terms and conditions carefully.
Which card should you snag for unlimited cashback joy?
If you’re looking for a card that offers unlimited cashback, the OCBC INFINITY Cashback Card is a great option. This card offers 1.2% cashback on all your spending, with no minimum spend required. Plus, there’s no cap on the amount of cashback you can earn, so you can enjoy unlimited cashback joy all year round.
Are cashback credit cards a smart choice for savvy spenders?
Cashback credit cards can be a smart choice for savvy spenders who want to save money on their daily expenses. These cards offer cashback rewards on your spending, which can help you save money in the long run. However, it’s important to use your cashback credit card responsibly and pay your bills on time to avoid high-interest charges and fees.
How do you pick a top-notch card for your hefty purchases?
If you’re planning to make a big purchase, such as a new laptop or a holiday, you may want to consider a credit card with a high cashback rate or rewards program. Look for cards that offer bonus cashback or rewards on large purchases, and make sure to read the terms and conditions carefully to avoid any hidden fees or charges.
Which card reigns supreme for the thrifty spender?
If you’re a thrifty spender who wants to save money on your daily expenses, the Maybank Family & Friends Card is a great option. This card offers up to 8% cashback on groceries, dining, and petrol, with no minimum spend required. Plus, you can enjoy additional cashback on other categories such as telco bills and transport.
