Best Cashback Credit Cards in Singapore (2022) – The Latest Summary

I analyzed and ranked cashback credit cards in Singapore based on its cashback rate, category, monthly cap, min. spend, redemption method and welcome gift. Hope it could offer some help in selecting a cashback credit card that suits your needs the best.

UOB Absolute Cashback Card

UOB Absolute Cashback Card
Cashback Rate
Category
Monthly Cap
Min. Spend
Cashback Redemption
Welcome Gift

4.5
  • Cashback rate: 1.7%
  • Category: all
  • Monthly cap: unlimited
  • Min. spend: none
  • Cashback redemption: auto credited in the following month to offset future payment
  • Annual fee: S$192.60 (waived for the 1st year)
  • Income requirement: S$30,000 p.a. (Singaporean/PR), S$40,000 p.a. (foreigner)

Welcome gift:

S$250 Grab vouchers for the first 200 new-to-UOB Credit Card customers who successfully apply for a selected UOB personal credit card in the month of September 2022 and spend a min. of S$1,500 within 30 days from card approval date.

Ineligible transactions:

UOB Absolute Cashback Card Ineligible Transactions

Insurance premiums, payments to school, hospital and government are eligible for cashback.

Terms and conditions governing UOB absolute cashback card


American Express True Cashback Card

The American Express True Cashback Card
Cashback Rate
Category
Monthly Cap
Min. Spend
Cashback Redemption
Welcome Gift

4.5
  • Cashback rate: 1.5%
  • Category: all
  • Monthly cap: none
  • Min. spend: none
  • Cashback redemption: auto credit in the following month to offset future payment
  • Annual fee: S$171.20 (waived for the 1st year)
  • Income requirement: S$30,000 p.a. (Singaporean/PR), S$40,000 p.a. (foreigner)

Welcome gift:

American Express True Cashback Card Welcome Gift

Ineligible transactions:

American Express True Cashback Card Ineligible Transactions

Insurance premiums, payments to school, hospital and government are eligible for cashback.

Full list of non-eligible purchases and/or transactions


Standard Chartered Unlimited Cashback Credit Card

Standard Chartered Unlimited Cashback Credit Card
Cashback Rate
Category
Monthly Cap
Min. Spend
Cashback Redemption
Welcome Gift

4.4
  • Cashback rate: 1.5%
  • Category: all*
  • Monthly cap: unlimited
  • Min. spend: none
  • Cashback redemption: Auto credit in the following month to offset future payment
  • Annual fee: S$192.60 (waived for the 1st & 2nd year)
  • Income requirement: S$30,000 p.a. (Singaporean/PR), S$60,000 p.a. (foreigner)

Welcome gift:

  • 3 months of Disney+ subscription
  • S$100 cashback when you activate your card
  • S$140 cashback when you spend S$200 in the first 30 days

*Ineligible transactions:

  • Cash advance
  • Credit card funds transfer
  • Monthly instalment of an EasyPay transaction
  • Recurring payments
  • AXS, SAM or ATM transactions
  • Insurance premiums
  • Payments related to betting
  • Top-ups or payment of funds to any prepaid cards and any prepaid accounts
  • Payments to educational institutions
  • Payments to government institutions and services

The full list can be found on page 1 & 2 of standard chartered unlimited cashback credit card terms & conditions.


HSBC Advance Credit Card

HSBC Advance Credit Card
Cashback Rate
Category
Monthly Cap
Min. Spend
Cashback Redemption
Welcome Gift

4.3
  • Cashback rate:
CashbackRequirement
1.5%No minimum spend
2.5%Spend above SGD2,000
3.5%Have a HSBC everyday global account
  • Category: local and overseas purchases
  • Monthly cap: S$70
  • Cashback redemption: auto credited in the following month to offset future payment
  • Annual fee: S$192.60 (waived for the 1st year)
  • Income requirement: S$30,000 p.a. (Singaporean/PR), S$40,000 p.a. (foreigner)

Welcome gift:

  • Samsonite Prestige 69cm Spinner Exp with built-in scale (worth SGD670) or
  • S$200 cashback
  • S$150 cashback when you apply for supplementary cards for your loved ones
Samsonite Prestige 69cm Spinner Exp with built-in scale

Ineligible transactions:

HSBC Visa Platinum Credit Card Ineligible Transactions

Terms and conditions governing HSBC advance credit card cashback programme


UOB EVOL Card

UOB EVOL Card
Cashback Rate
Category
Monthly Cap
Min. Spend
Cashback Redemption
Welcome Gift

4.3
  • Cashback rate, Category & Cap:
CashbackCategoryCap
8%Online spendS$20
8%Mobile contactless spendS$20
0.3%All other spendS$20
  • Min. spend: S$600
  • Cashback redemption: auto credit in the following month to offset future payment
  • Annual fee: S$192.60 (waived for the 1st year). Subsequent waiver is available if you make a minimum of 3 transactions per month for 12 consecutive statement months
  • Income requirement: S$30,000 p.a. (Singaporean/PR), S$40,000 p.a. (foreigner)

Welcome gift:

Get a S$480 Scoot voucher for your next holiday when you sign up now

UOB EVOL Card Welcome Gift

Ineligible transactions:

  • Cash advance
  • Credit card funds transfer
  • AXS, SAM, NETs or ATM transactions
  • Insurance premiums
  • Payments related to betting
  • Payment at Shell & SPC petrol stations
  • Top-ups or payment of funds to any prepaid cards and any prepaid accounts
  • Payments to educational institutions
  • Payments to government institutions and services

Fully list can be found from page 2 to 4 of terms and conditions governing UOB EVOL card


CIMB Visa Signature

CIMB Visa Signature Credit Card
Cashback Rate
Category
Monthly Cap
Min. Spend
Cashback Redemption
Welcome Gift

4.3
  • Cashback rate, Category & Cap:
CashbackCategoryCap
10%Online ShoppingS$20
10%GroceryS$20
10%Beauty & WellnessS$20
10%Pet shops & veterinary servicesS$20
10%CruisesS$20
0.2%Other retail spendNone
  • Min. spend: S$800
  • Cashback redemption: auto credit in the following month to offset future payment
  • Annual fee: waived for life
  • Income requirement: S$30,000 p.a. (Singaporean/PR)

Welcome gift:

Option 1: applying it directly from the bank will get you total S$188 cashback

CIMB Credit Card Welcome Gift1

Option 2: you can choose one from the following gifts while applying it via SingSaver

  • ErgoTune Classic Ergonomic Chair (worth S$399)
  • S$250 cash
CIMB Credit Card Welcome Gift by SingSaver

Ineligible transactions:

CIMB Credit Card Ineligible Transactions

Terms and conditions governing CIMB visa signature cashback programme


Citi Cash Back+ Card

Citi Cash Back+ Card
Cashback Rate
Category
Monthly Cap
Min. Spend
Cashback Redemption
Welcome Gift

4.2
  • Cashback rate: 1.6%
  • Category: All*
  • Monthly cap: Unlimited
  • Min. spend: None
  • Cashback redemption: Manual redemption through app or SMS in the following month
  • Annual fee: S$192.60 (waived for the 1st year)
  • Income requirement: S$30,000 p.a. (Singaporean/PR), S$42,000 p.a. (foreigner)

Welcome gift:

Option 1: applying it directly from the bank will get you 10% cash back or S$300 in the first 2 months.

Citi Cash Back+ Card Welcome Gift by Bank

Option 2: you can choose one from the following gifts while applying it via SingSaver.

  • Dyson Supersonic (worth S$649)
  • EverDesk+ Lite (worth S$599)
  • Sony WH-1000XM5 headphones (worth S$569)
  • S$350 cash
Citibank Credit Card Welcome Gift by SingSaver

*Ineligible transactions:

  • All fees charged by Citibank
  • Funds transfers using the card as source of funds
  • Bill payments (including via Citibank Online or via any other channel or agent)
  • Payments to educational institutions
  • Payments to government institutions and services
  • Payments to insurance companies
  • Payments to financial institutions
  • Payments to non-profit organizations
  • Betting or gambling
  • Any top-ups or payment of funds to payment service providers, prepaid cards and any prepaid accounts
  • Transit-related transactions

The full list can be found at page 21 & 22 of citi cash back+ cardmember’s agreement and the rewards exclusion list.


Standard Chartered Spree Credit Card

Standard Chartered Spree Credit Card
Cashback Rate
Category
Monthly Cap
Min. Spend
Cashback Redemption
Welcome Gift

4.1
  • Cashback rate & Category
CashbackCategory
3%Foreign currency online transactions
3%vPost Transactions
2%Local currency online transactions, contactless and mobile payments
1%Local currency transactions
  • Monthly cap: S$30
  • Min. spend: none
  • Cashback redemption: Auto credit in the following month to offset future payment
  • Annual fee: S$192.60 (waived for the 1st & 2nd year)
  • Income requirement: S$30,000 p.a. (Singaporean/PR), S$60,000 p.a. (foreigner)

Welcome gift:

  • 3 months of Disney+ subscription
  • S$100 cashback when you activate your card
  • S$140 cashback when you spend S$200 in the first 30 days

Ineligible transactions:

  • Cash advance
  • Credit card funds transfer
  • Monthly instalment of an EasyPay transaction
  • Recurring payments
  • AXS, SAM or ATM transactions
  • Insurance premiums
  • Payments related to betting
  • Top-ups or payment of funds to any prepaid cards and any prepaid accounts
  • Payments to educational institutions
  • Payments to government institutions and services

The full list can be found on page 2 & 3 of standard chartered spree credit card terms & conditions.


HSBC Visa Platinum Credit Card

HSBC Visa Platinum Credit Card
Cashback Rate
Category
Monthly Cap
Min. Spend
Cashback Redemption
Welcome Gift

4.1
  • Cashback rate & Category
CashbackCategory
5%Dining
5%Grocery
5%Petrol stations
  • Monthly cap: S$83.33
  • Min. spend: S$600
  • Cashback redemption: auto credited 2 months after the end of each quarter
  • Annual fee: S$192.60 (waived for the 1st & 2nd year)
  • Income requirement: S$30,000 p.a. (Singaporean/PR), S$40,000 p.a. (foreigner)

Welcome gift:

  • Samsonite Prestige 69cm Spinner Exp with built-in scale (worth SGD670)
  • S$200 cashback
  • S$150 cashback when you apply for supplementary cards for your loved ones
Samsonite Prestige 69cm Spinner Exp with built-in scale

Ineligible transactions:

HSBC Visa Platinum Credit Card Ineligible Transactions

Terms and conditions for the HSBC visa platinum quarterly cash rebate programme


DBS Live Fresh Card

DBS Live Fresh Card
Cashback Rate
Category
Monthly Cap
Min. Spend
Cashback Redemption
Welcome Gift

4.1
  • Cashback rate, Category & Cap
CashbackCategoryCap
10%Sustainable spend*S$15
5%Online spendS$20
5%Visa contactless spendS$20
0.3%All other spendS$20

*Sustainable spend:

DBS Live Fresh extra 5% Green Cashback
  • Monthly cap: S$75
  • Min. spend: S$600
  • Cashback redemption: auto credit in the following month to offset future payment
  • Annual fee: S$192.60 (waived for the 1st year)
  • Income requirement: S$30,000 p.a. (Singaporean/PR), S$45,000 p.a. (foreigner)

Welcome gift:

Get S$150 cashback when you apply for a DBS/POSB Credit Card before Jan 31, 2023.

Ineligible transactions:

DBS Live Fresh Card Ineligible Transactions

POSB Everyday Card

POSB Everyday Card
Cashback Rate
Category
Monthly Cap
Min. Spend
Cashback Redemption
Welcome Gift

4
  • Cashback rate, Category & Cap
CashbackCategoryCap
10%Food deliveryS$15 (shared with dinning)
3%DinningS$15 (shared with food delivery)
8%SPCS$15
8%PopularS$15
5%SimplyGoS$5
5%Online shoppingS$15
5%Sheng siongS$30
3%WatsonsNone
3%TelecoS$3
2%-3%UtilitiesS$2-S$3
0.3%All other spendNone
  • Min. spend: S$800
  • Cashback redemption: redeem cashback at participating partner outlets, via DBS PayLah, POSB iBanking, via AXS m-Station.
  • Annual fee: S$192.60 (waived for the 1st year)
  • Income requirement: S$30,000 p.a. (Singaporean/PR), S$45,000 p.a. (foreigner)

Welcome gift:

Get S$150 cashback when you apply for a DBS/POSB Credit Card before Jan 31, 2023.

POSB Everyday Card

Ineligible transactions:

  • Pre-authorisation transactions on the card account, e.g. hotel bookings
  • AXS, SAM, NETs or ATM transactions
  • Insurance premiums
  • Charities and donations
  • Hospitals
  • Utility bill
  • Top-ups or payment of funds to any prepaid cards and any prepaid accounts
  • Government institutions and services

The full list can be found on page 1 of POSB everyday card terms & conditions.


Citi Cash Back Card

Citi Cash Back Card
Cashback Rate
Category
Monthly Cap
Min. Spend
Cashback Redemption
Welcome Gift

3.8
  • Cashback rate & Category:
RateCategory
8%Grocery and petrol stations
6%Dining
0.25%All other spend
  • Monthly cap: S$80
  • Min. spend: S$800
  • Cashback redemption: manual redemption through app or SMS in the following month
  • Annual fee: S$192.60 (waived for the 1st year)
  • Income requirement: S$30,000 p.a. (Singaporean/PR), S$42,000 p.a. (foreigner)

Welcome gift:

Option 1: applying it directly from the bank will get you S$300 cash back in the first 2 months.

Citi Cash Back Card Welcome Gift by Bank

Option 2: you can choose one from the following gifts while applying it via SingSaver.

  • Dyson Supersonic (worth S$649)
  • EverDesk+ Lite (worth S$599)
  • Sony WH-1000XM5 headphones (worth S$569)
  • S$350 cash
Citibank Credit Card Welcome Gift by SingSaver

*Ineligible transactions:

  • All fees charged by Citibank
  • Funds transfers using the card as source of funds
  • Bill payments (including via Citibank Online or via any other channel or agent)
  • Payments to educational institutions
  • Payments to government institutions and services
  • Payments to insurance companies
  • Payments to financial institutions
  • Payments to non-profit organizations
  • Betting or gambling
  • Any top-ups or payment of funds to payment service providers, prepaid cards and any prepaid accounts
  • Transit-related transactions

The full list can be found at page 22 of citi cash back cardmember’s agreement and the rewards exclusion list.


Standard Chartered Smart Credit Card

Standard Chartered Smart Credit Card
Cashback Rate
Category
Monthly Cap
Min. Spend
Cashback Redemption
Welcome Gift

3.8
  • Cashback rate & Category:
Cashback RateCategory
6%Fast food dining
6%Coffee and toast
6%Digital subscriptions
6%Daily commute
0.5%Others
Standard Chartered Smart Card Cashback Rate and Category
Standard Chartered Smart Card Cashback Rate and Category
  • Monthly cap: 15,840 360° reward points (equivalent to S$49.5)
  • Min. spend: none
  • Cashback redemption: manually convert reward points to cashback
  • Annual fee: waived for life
  • Income requirement: S$30,000 p.a. (Singaporean/PR), S$60,000 p.a. (foreigner)

Welcome gift:

Option 1: applying it directly from the bank will get you S$300 cashback upon card activation.

Standard Chartered Smart Credit Card Welcome Gift by Bank

Option 2: you can choose one from the following gifts while applying it via SingSaver.

  • Sony WH-1000XM4 headphones (S$499)
  • Apple AirPods Pro (worth S$379)
  • S$300 cash
Standard Chartered Smart Credit Card Welcome Gift until Sep 4

Ineligible transactions:

  • Cash advance
  • Credit card funds transfer
  • Monthly instalment of an EasyPay transaction
  • Recurring payments
  • AXS, SAM or ATM transactions
  • Insurance premiums
  • Payments related to betting
  • Top-ups or payment of funds to any prepaid cards and any prepaid accounts
  • Payments to educational institutions
  • Payments to government institutions and services

The full list can be found from page 4 to 6 in standard chartered smart credit card promotion terms and conditions.


UOB One Card

UOB One Card
Cashback Rate
Category
Monthly Cap
Min. Spend
Cashback Redemption
Welcome Gift

3.8
  • Cashback rate & Category:
CashbackCategory
10%Grab, Dairy Farm International, SimplyGo, Shopee Singapore and UOB Travel
4.33%Singapore Power utilities bill
3.33%All retail spend
  • Monthly cap: S$100
  • Min. spend: S$2,000
  • Cashback redemption: cashback is rewarded on a quarterly basis and credited to the card account in the next month following the end of that quarter.
  • Annual fee: S$192.60 (waived for the 1st year)
  • Income requirement: S$30,000 p.a. (Singaporean/PR), S$40,000 p.a. (foreigner)

Welcome gift:

S$250 Grab vouchers for the first 200 new-to-UOB Credit Card customers who successfully apply for a selected UOB personal credit card in the month of September 2022 and spend a min. of S$1,500 within 30 days from card approval date.

Ineligible transactions:

  • Cash advance
  • Credit card funds transfer
  • AXS, SAM or ATM transactions
  • Insurance premiums
  • Payments related to betting
  • Top-ups or payment of funds to any prepaid cards and any prepaid accounts
  • Payments to educational institutions
  • Payments to government institutions and services

Fully list can be found on page 3 & 4 of terms and conditions governing UOB one card.


OCBC 365 Credit Card

OCBC 365 Credit Card New
Cashback Rate
Category
Monthly Cap
Min. Spend
Cashback Redemption
Welcome Gift

3.6
  • Cashback rate & Category:
CashbackCategory
6%Dining and food delivery
5%Petrol
3%Grocery
3%Taxi and private hire ride
3%Utility bill
3%Online travel
0.3%Other expenses
  • Monthly cap: S$80
  • Min. spend: S$800
  • Cashback redemption: auto credit in the following month to offset future payment
  • Annual fee: S$192.60 (waived for the 1st & 2nd year)
  • Income requirement: S$30,000 p.a. (Singaporean/PR), S$45,000 p.a. (foreigner)

Welcome gift:

A minimum of S$80 needs to be charged in a single transaction. It only happens every Thursday. Furthermore, pre-registration is needed.

OCBC 365 Credit Card Welcome Gift

Ineligible transactions:

OCBC 365 Credit Card Ineligible Transactions

Terms and conditions governing OCBC 365 credit card cashback programme


OCBC FRANK Credit Card

OCBC FRANK Credit Card
Cashback Rate
Category
Monthly Cap
Min. Spend
Cashback Redemption
Welcome Gift

3.3
  • Cashback rate, Category & Cap:
CashbackCategoryCap
6%Online spendS$25
6%Mobile payment & foreign spendS$25
0.3%Other spendS$25
  • Min. spend: S$600
  • Cashback redemption: auto credit in the following month to offset future payment
  • Annual fee: S$80 (waived for the 1st & 2nd year)
  • Income requirement: S$30,000 p.a. (Singaporean/PR), S$45,000 p.a. (foreigner)

Welcome gift:

One year membership of Burpple when you spend a minimum of S$300 in the first month

OCBC FRANK Credit Card Welcome Gift

Ineligible transactions:

  • Cash advance
  • Credit card funds transfer
  • AXS, SAM or ATM transactions
  • Insurance premiums
  • Payments related to betting
  • Top-ups or payment of funds to any prepaid cards and any prepaid accounts
  • Payments to educational institutions
  • Payments to government institutions and services

Full list can be found from page 1 to 3 of terms and conditions governing frank credit card