If you’re looking for a credit card that offers cash rebates, you’re in luck. Singapore has a wide range of cashback credit cards to choose from. These cards offer cash rebates on your everyday spending, allowing you to earn money back on the purchases you make. But with so many options available, it can be difficult to know which card is the best for you.
Understanding the different types of cash rebates and how they work is essential when choosing a cashback credit card. Some cards offer flat-rate cashback on all purchases, while others offer tiered cashback rates that increase as you spend more. It’s important to consider your spending habits and choose a card that offers the highest cashback rate on the categories you spend the most on.
When it comes to choosing the best cashback credit card in Singapore, there are several factors to consider. Annual fees, interest rates, and eligibility requirements are just a few of the things you’ll need to think about. Additionally, you’ll want to compare the additional benefits and features of each card to determine which one offers the most value for your money.
Key Takeaways
- Understanding the different types of cash rebates and how they work is essential when choosing a cashback credit card.
- When choosing a cashback credit card, consider your spending habits and choose a card that offers the highest cashback rate on the categories you spend the most on.
- When comparing cashback credit cards, consider the annual fees, interest rates, eligibility requirements, and additional benefits and features of each card to determine which one offers the most value for your money.
Understanding Cash Rebates and How They Work
If you are looking for a credit card that offers cash rebates in Singapore, it is important to understand how they work. Cash rebates are a type of reward that credit card companies offer to their customers. When you make a purchase using your credit card, you will receive a certain percentage of the purchase amount back in the form of a cash rebate.
The cashback rate is the percentage of the purchase amount that you will receive as a cash rebate. Some credit cards offer a higher cashback rate than others, so it is important to compare different cards to find the one that offers the best rate for your needs.
However, it is important to note that there may be a cashback cap on how much you can earn in cash rebates. This means that once you reach a certain amount of cashback, you will no longer receive any more cash rebates for your purchases. Make sure to check the terms and conditions of the credit card to see if there is a cashback cap and what it is.
Another important factor to consider is the minimum spend requirement. Some credit cards require you to spend a certain amount of money each month in order to qualify for cash rebates. Make sure to check the minimum spend requirement of the credit card to ensure that you can meet it before applying for the card.
In summary, when looking for a credit card that offers cash rebates in Singapore, make sure to compare the cashback rate, cashback cap, and minimum spend requirement of different cards to find the one that best suits your needs.
Top Cashback Credit Cards in Singapore
If you’re looking for the best cashback credit cards in Singapore, you’ve come to the right place. Here are some of the top cashback credit cards that offer great rewards and savings:
Citi Cash Back Card
The Citi Cash Back Card is one of the best cashback credit cards in Singapore. It offers up to 8% cashback on dining, groceries, and petrol, and up to 20.88% savings at Esso and Shell. The card also offers cashback on other categories such as shopping and travel. With a low minimum spend of $800 per month, this card is perfect for those who want to earn cashback without overspending.
UOB One Card
The UOB One Card is another popular cashback credit card in Singapore. It offers up to 5% cashback on grocery, fuel, and other transactions, and up to 10% cashback on Grab rides. With a minimum spend of $500 per month, this card is great for those who want to earn cashback on their everyday expenses.
American Express True Cashback Card
The American Express True Cashback Card is a great cashback credit card for those who want unlimited cashback with no minimum spend. It offers 1.5% cashback on all purchases, making it a great choice for those who want a simple and hassle-free way to earn cashback.
DBS Live Fresh Card
The DBS Live Fresh Card is a cashback credit card that is perfect for online shopping and transport. It offers up to 5% cashback on online shopping, transport, and SimplyGo transactions, and up to 10% cashback on your first three transactions. With no minimum spend, this card is great for those who want to earn cashback on their online purchases and transport expenses.
OCBC 365 Credit Card
The OCBC 365 Credit Card is a cashback credit card that offers great rewards on dining, fuel, and utilities. It offers up to 6% cashback on dining, 3% cashback on groceries, fuel, and utilities, and up to 22.2% fuel savings at Caltex and Esso. With a minimum spend of $800 per month, this card is great for those who want to earn cashback on their daily expenses.
HSBC Visa Platinum Credit Card
The HSBC Visa Platinum Credit Card is a cashback credit card that offers great rewards on dining, groceries, and telco bills. It offers up to 5% cashback on dining, groceries, and telco bills, and up to 3.5% cashback on all other spend. With a minimum spend of $600 per month, this card is great for those who want to earn cashback on their daily expenses.
POSB Everyday Card
The POSB Everyday Card is a cashback credit card that offers great rewards on dining, groceries, and transport. It offers up to 8% cashback on dining, groceries, and transport, and up to 20.1% fuel savings at SPC. With no minimum spend, this card is great for those who want to earn cashback on their daily expenses.
Standard Chartered Unlimited Cashback Credit Card
The Standard Chartered Unlimited Cashback Credit Card is a cashback credit card that offers unlimited cashback with no minimum spend. It offers 1.5% cashback on all spend, making it a great choice for those who want a simple and hassle-free way to earn cashback.
CIMB World Mastercard
The CIMB World Mastercard is a cashback credit card that offers great rewards on dining, travel, and entertainment. It offers up to 10% cashback on dining, travel, and entertainment worldwide, and up to 0.2% cashback on all other spend. With no minimum spend, this card is great for those who want to earn cashback on their travel and entertainment expenses.
UOB Absolute Cashback Card
The UOB Absolute Cashback Card is a cashback credit card that offers unlimited cashback with no minimum spend. It offers 1.7% cashback on all spend, making it a great choice for those who want a simple and hassle-free way to earn cashback. With no annual fee, this card is perfect for those who want to earn cashback without any extra fees.
These are just some of the best cashback credit cards in Singapore. Each card has its own unique features and benefits, so be sure to choose the one that best suits your needs and lifestyle. Make sure to read the terms and conditions carefully before applying for any card to ensure card approval and avoid any surprises.
Maximising Cash Rebates on Everyday Spending
If you’re looking to maximise your cash rebates on everyday spending, there are a few strategies you can employ with your cashback credit card.
Strategies for Dining and Groceries
One of the easiest ways to earn cash rebates is by using your cashback credit card for dining and groceries. Look for cards that offer high cashback rates at supermarkets such as Sheng Siong and Cold Storage, and restaurants and cafes.
For example, the UOB One Card offers up to 5% cash rebate on groceries at selected merchants, including Sheng Siong. Meanwhile, the HSBC Visa Platinum Credit Card offers up to 5% cashback on dining.
Optimising Fuel and Transport Expenditure
If you’re a frequent driver, you can also earn cash rebates on your fuel and transport expenditure. Look for cards that offer cashback at petrol stations such as SPC and Caltex, and for public transport transactions made via SimplyGo.
For example, the POSB Everyday Card offers up to 6% cash rebate on fuel at SPC, and up to 1% cash rebate on public transport transactions made via SimplyGo.
Leveraging Online and Retail Shopping
Online and retail shopping can also earn you cash rebates. Look for cards that offer high cashback rates at online marketplaces such as Shopee, and retail stores such as Watsons.
For example, the Citibank Cash Back Card offers up to 8% cashback on online shopping at selected merchants, including Shopee. Meanwhile, the OCBC FRANK Card offers up to 6% cashback on online purchases.
Utilising Bills and Recurring Payments
Finally, you can earn cash rebates on your bills and recurring payments such as telco bills, utilities, insurance premiums, and even rent. Look for cards that offer cashback on these transactions.
For example, the DBS Live Fresh Card offers up to 5% cashback on online and Visa contactless transactions, including telco bills and utilities. Meanwhile, the UOB Absolute Cashback Card offers up to 1.7% cashback on all eligible spend, with no minimum spend or cashback cap.
By employing these strategies, you can maximise your cash rebates and savings on everyday spending. Just remember to keep an eye on cashback caps and monthly caps, and to use your cashback credit card responsibly.
Understanding Terms and Conditions for Cash Rebates
When choosing a credit card for cash rebates, it’s important to understand the terms and conditions of the card. This will help you avoid any surprises and ensure that you get the most out of your card.
Minimum Spend
Most cash rebate credit cards require a minimum spend to be eligible for cash rebates. Make sure you check the minimum spend requirement before applying for the card. If you don’t meet the minimum spend, you may not be eligible for any cash rebates.
Spending Categories
Some cash rebate credit cards offer higher rebates for specific spending categories such as dining, groceries, or petrol. Make sure you choose a card that offers rebates on the categories you spend the most on. This will help you maximise your cash rebates.
Exclusions
Some credit cards have exclusions for certain transactions, such as cash advances, balance transfers, or payments to government agencies. Make sure you read the terms and conditions carefully to avoid any surprises.
Supplementary Cards
If you plan to get a supplementary card for your family member, make sure you check the terms and conditions for cash rebates. Some cards do not offer cash rebates for supplementary cards, while others may have a lower rebate rate.
Overseas Spend
If you plan to use your credit card for overseas spend, make sure you check the terms and conditions for cash rebates. Some cards may offer a lower rebate rate for overseas spend, while others may not offer any cash rebates at all.
In summary, understanding the terms and conditions of a cash rebate credit card is important to ensure that you get the most out of your card. Make sure you check the minimum spend requirement, spending categories, exclusions, supplementary cards, and overseas spend before applying for a card.
Additional Benefits and Features of Cashback Cards
Cashback credit cards in Singapore offer a range of additional benefits and features that make them a great choice for those who want to maximise their savings and rewards. Here are some of the most exciting benefits and features that you can enjoy with a cashback card:
Rewards and Bonus Cashback
Many cashback cards offer rewards and bonus cashback for certain spending categories. For example, the Citi Cash Back Card offers up to 8% cashback on groceries, petrol, and dining, while the HSBC Visa Platinum Credit Card offers up to 5% cashback on groceries, petrol, and dining. These rewards and bonus cashback can add up quickly and help you save even more money.
Promotions
Cashback credit cards also often come with promotions that can help you save money or earn more rewards. For example, some cards offer sign-up bonuses or welcome gifts, while others offer cashback or rewards for hitting certain spending thresholds. Be sure to check the latest promotions from your card issuer to take advantage of these offers.
Partners
Many cashback credit cards in Singapore have partnerships with merchants and retailers that offer additional discounts and rewards. For example, the POSB Everyday Card offers up to 20% cashback at selected merchants, while the OCBC Frank Card offers cashback at popular online retailers like Lazada and Zalora. These partnerships can help you save money and earn more rewards on your everyday spending.
Entertainment, Travel, and Lifestyle
Cashback credit cards also often offer additional benefits and rewards for entertainment, travel, and lifestyle spending. For example, the UOB Yolo Card offers up to 8% cashback on dining, entertainment, and online fashion, while the Maybank Family & Friends Card offers up to 8% cashback on groceries, dining, and petrol. These benefits can help you save money and earn more rewards on the things you love to do.
Overall, cashback credit cards in Singapore offer a range of exciting benefits and features that can help you save money and earn more rewards. Be sure to choose a card that fits your spending habits and lifestyle to maximise your savings and rewards.
Comparing Cashback and Air Miles Cards
When it comes to choosing a credit card in Singapore, you’ll find two primary types of cards: cashback and air miles. Both types of cards offer different benefits, and it’s important to choose the one that best suits your lifestyle and spending habits.
Cashback Cards
Cashback cards are a popular choice for those who want to earn rewards on their everyday spending. These cards offer a percentage of cashback on your purchases, which can be redeemed as a statement credit or cash rebate. Some cards offer unlimited cashback, while others have a cap on the amount you can earn.
Cashback cards are a great choice for those who want to earn rewards on their everyday spending, such as groceries, dining, and entertainment. They are also a good choice for those who want to avoid annual fees.
Air Miles Cards
Air miles cards are a popular choice for those who love to travel. These cards offer rewards in the form of air miles, which can be redeemed for flights, hotel stays, and other travel-related expenses. Some cards offer miles that can be used worldwide, while others have restrictions on where you can use them.
Air miles cards are a great choice for those who travel frequently and want to earn rewards on their travel expenses. They are also a good choice for those who want to earn rewards on their everyday spending, as many air miles cards offer rewards for spending in certain categories, such as dining, shopping, and entertainment.
Which is Better?
The choice between cashback and air miles cards ultimately comes down to your spending habits and lifestyle. If you spend a lot on everyday expenses, such as groceries and dining, a cashback card may be the better choice. If you travel frequently and want to earn rewards on your travel expenses, an air miles card may be the better choice.
It’s important to compare the rewards and benefits of different cards before making a decision. Look for a card that offers rewards in the categories where you spend the most, and consider the annual fee and other fees associated with the card. With the right card, you can earn rewards on your spending and enjoy the benefits of being a cardholder.
Navigating Annual Fees and Interest Rates
When it comes to choosing the best cash rebate credit card in Singapore, you need to consider the annual fees and interest rates. Annual fees are the fees you pay each year to use the credit card. Some credit cards have no annual fees, while others charge a fee that can range from as low as S$30 to as high as S$500.
Before you apply for a credit card, you need to check the annual fee and make sure it is worth the benefits you will receive. Some credit cards offer higher cash rebates but come with higher annual fees, while others have lower annual fees but lower cash rebates. You need to weigh the costs and benefits to make an informed decision.
Another factor to consider is the interest rate. Interest rates can vary depending on the credit card and your credit history. Some credit cards offer low-interest rates, while others have high-interest rates. If you plan to carry a balance on your credit card, you need to choose a credit card with a low-interest rate to avoid paying high-interest charges.
When applying for a credit card, you need to check the interest rate and make sure it is competitive. Some credit cards offer 0% interest for a limited time, while others offer a low-interest rate for the life of the balance. You need to compare the interest rates and choose the credit card that will save you the most money in interest charges.
In summary, when choosing the best cash rebate credit card in Singapore, you need to consider the annual fees and interest rates. You need to weigh the costs and benefits to make an informed decision. By doing your research and comparing credit cards, you can find the credit card that will save you the most money in the long run.
Eligibility and Application for Cashback Cards
Getting the best cashback credit card in Singapore is exciting, but before you start applying, you need to know if you are eligible. Each credit card has its own eligibility criteria, which may include age, income, and credit score. Make sure you read the terms and conditions of the card you are interested in to see if you are eligible.
Most cashback cards require a minimum income of S$30,000 per annum, but some may require a higher income. If you are a student or have a lower income, there are still options available to you. For example, the Citi Cash Back Card has a minimum income requirement of S$18,000 per annum.
To apply for a cashback card, you can do so online or in-person at the bank’s branch. The application process usually takes around 7-14 business days, and you will need to provide personal and financial information, such as your income and credit score.
When applying for a cashback card, make sure you read the terms and conditions carefully. Some cards may come with annual fees, and others may have minimum spending requirements to qualify for the cashback. Some cards may also have different cashback rates for different categories of spending.
To ensure that you receive the maximum cashback, make sure you understand the terms and conditions of the card and use it responsibly. Remember to pay your bills on time and keep your balance low to avoid interest charges.
Overall, getting a cashback credit card in Singapore can be a great way to earn some extra cash. Just make sure you are eligible and understand the terms and conditions before applying. With the right card, you could earn up to S$500 or even S$300 cashback per year, which can add up to significant savings over time.
Conclusion
Congratulations! Now you know which credit cards offer the best cash rebates in Singapore. Remember, the best cashback credit card for you depends on your spending habits and lifestyle.
Before you choose a credit card, consider the following factors:
- The cashback rates and categories that suit your spending habits.
- The minimum spend required to earn cashback.
- The annual fees and other charges.
- The promotions and sign-up bonuses available.
Once you have found the right cashback credit card for you, be sure to use it wisely. Pay your bills on time and in full to avoid interest charges and late fees. Also, keep track of your spending and stay within your budget.
In conclusion, a cashback credit card can be a great way to earn rewards and save money on your purchases. By choosing the right card and using it responsibly, you can enjoy the benefits of cash rebates while staying on top of your finances.
Frequently Asked Questions
What’s the top choice for maximising cash rebates on daily expenses?
If you are looking for a credit card that offers the best cash rebates on daily expenses, the UOB One Card is the top choice. With this card, you can earn up to 5% cashback on all your daily expenses, including groceries, petrol, and dining.
Which credit card offers the most splendid cashback for modest spenders?
If you are a modest spender looking for a credit card that offers splendid cashback, the Citi Cash Back+ Card is the perfect choice. With this card, you can earn up to 1.6% cashback on all your spendings, with no minimum spend required.
Can you tell me which card provides unlimited cashback with no minimum spend?
Yes, the HSBC Advance Credit Card is the card that provides unlimited cashback with no minimum spend. With this card, you can earn up to 3.5% cashback on all your spendings, with no minimum spend required.
Which is the ultimate credit card for securing cashback on hefty purchases?
If you are looking for a credit card that offers the ultimate cashback on hefty purchases, the American Express True Cashback Card is the perfect choice. With this card, you can earn up to 1.5% cashback on all your spendings, with no minimum spend required.
Is there a credit card that stands out for exceptional rewards beyond cash rebate?
Yes, the OCBC Titanium Rewards Card stands out for exceptional rewards beyond cash rebate. With this card, you can earn rewards points that can be redeemed for a wide range of items, including electronics, fashion, and travel.
Which card should one procure for the most rewarding cashback experience?
If you want the most rewarding cashback experience, the UOB One Card is the card to procure. With this card, you can earn up to 5% cashback on all your daily expenses, including groceries, petrol, and dining.
