Best Cashback Credit Cards in Singapore 2019

SingSaver team
Best Cashback Credit Cards in Singapore 2019 | SingSaver

The best cashback credit cards in Singapore help you save money on your daily spending in a convenient and easy way.


Cashback credit cards offer perhaps the most straightforward type of “reward” for consumers. Simply charge your spend to a cashback card, and you automatically receive a rebate off your purchase as “cash back”. This will be in the form of credit given back to you in your next monthly credit card statement.

Read more: Cashback or Rewards Credit Card: Which is Better?

What should I look out for in a cashback credit card?

Cashback is usually awarded on specific categories such as dining, online shopping, groceries and transport so the first thing is to know your monthly spending habits and get the right cashback credit card for you.

In addition, some cards come with pretty extensive terms and conditions. These include:

  • monthly cap on cashback you can receive per month
  • monthly minimum spend before you qualify for advertised cashback rate
  • different cashback rates based on week day or weekend spend
  • specific merchant partners such as specific petrol chains (eg Caltex) or supermarket chains (eg Cold Storage)

To help you compare and apply for the best cashback credit cards and maximise your savings, we present our top five recommended cashback cards for 2019.

Best 5 Credit Cards For Cashback
Standard Chartered Unlimited Credit Card Citi Cash Back Visa Card OCBC 365 Credit Card UOB YOLO Card CIMB Visa Signature
Best For ∙ Large-ticket items
∙ Want to spend across different categories
∙ Weekend dining
∙ Grocery shopping
∙ All-round savings ∙ Partying
∙ Dining out
∙ Online Shopping
∙ Entertainment


∙ All-round spending
Cashback Rate ∙ 1.5% cashback on all spends ∙ 8% cashback ∙ 6% cashback on dining and online food delivery
∙ 3% cashback on online travel, ride-hailing and recurring telco bills
∙ 5% on fuel spend

∙ 8% for weekend spend on dining, entertainment, and Grab
∙ 3% cashback on weekday spend including online fashion and travel
∙ 10% cashback on beauty and wellness, online shopping, groceries, pet shops and veterinary services, cruises
Fee Waiver 2-year annual fee waiver 1-year fee waiver 2-year fee waiver 1-year fee waiver No fees for life

Editor’s note: This is an unsponsored and unbiased review. Credit card offers are subject to change at any time. The article was last updated on 1 Aug 2019.

1. Standard Chartered Unlimited Credit Card: Best for big-ticket items

The drawback of most cashback cards is the limit on rebates you can earn each month. But not with the Standard Chartered Unlimited Credit Card.

This cashback credit card comes with no monthly cap and no minimum spend required. This means you’ll earn cashback from the very first dollar you charge.

The cashback clocks in at 1.5%, which at first glance may not seem terribly enticing. But if you spend a lot, your savings add up right before your eyes. Use this card for large-ticket items and you’ll save in a really big way, especially since there’s no cashback cap. This means that a S$10,000 purchase will save you a whopping S$150 in cashback!

However, be sure to always pay off your credit card in full each month to avoid the high interest charges. Alternatively, use a low-EIR balance transfer to manage your repayment (instead of 0% instalment plans which give you 0 rewards).

Qualifying Criteria and Card Fees

Singaporeans/PR Foreigners Annual Fee Fee Waiver Effective Interest Rate
21 to 65 years old
S$30,000 minimum annual income
21 to 65 years old 
S$60,000 minimum annual income, with valid employment pass
S$192.60 (GST included) 2 years 25.9% per annum


Why we love this card:

  • No minimum spend and no monthly cap
  • Earn cashback on all spends
  • Doubles up as EZ-link card

But do take note:

  • Cashback at 1.5%

Apply for this card if you: Value convenience over having to keep track of spending categories, or charge a significant amount to your credit card every month. 

SingSaver Exclusive Offer
Apply for a Standard Chartered Unlimited Credit Card through SingSaver to get $200 cash and cashback for new customers, and $70 cash and cashback for existing customers!

standard-chartered-unlimited-cashback-card

Apply Now

2. Citi Cash Back Visa Card: Best for weekend grocery shopping or dining

If you bring the family out for weekend dining and grocery shopping, the Citi Cash Back card is a good cashback credit card to have in your wallet.

It comes with a generous 8% cashback at virtually every stop of your trip, be it at your neighbourhood supermarket or your favourite eatery. But you’ll need to spend a monthly minimum spend of S$888 per month to earn cashback.

Cashback amounts are also capped at S$25 per category per month (dining, groceries, and petrol) but this can already save you S$75 each month.

Qualifying criteria and card fees

Singaporeans/PR Foreigners Annual fee Fee Waiver Effective Interest Rate
21 yrs and above
S$30,000 minimum annual income
21 yrs and above
S$42,000 minimum annual income
S$192.60 1 year 26.9% per annum

Why we love this card:

  • High cashback of 8% on three common spending criteria – dining, groceries, and petrol
  • High potential monthly savings of up to S$75
  • Card can be used for ERP payments

But do take note:

  • Monthly minimum spend of S$888 to earn cashback
  • Category cashback cap of S$25 per month

Get this card if you: Consistently spend on eating out, grocery shopping, and ride-hailing or petrol costs.

Citi Cash Back Visa Card 2019

Apply Now

3. OCBC 365 Credit Card: Best for all-round savings

The OCBC 365 Card is one of our favourite cashback credit cards for all-round savings. 

Enjoy 6% cashback on dining and online food delivery all week, and 3% cashback on new spending categories such as online travel, and local and overseas taxis and private hire rides.

If you drive, the OCBC 365 Card offers amazing cashback of 5% on fuel spend at all petrol service stations and up to 23% savings at Caltex.

However, there’s a downside: the monthly minimum spending is S$800, otherwise, your cashback rate is only 0.3%.

Qualifying Criteria and Card Fees

Singaporeans/PR Foreigners Annual Fee Fee Waiver Effective Interest Rate
Minimum of 21 years old 
S$30,000 minimum annual income
At least 21 years old
S$45,000 minimum annual income
S$192.60 2 years 26.88% per annum

Why we love this card:

  • Cashback eligible spending categories are now more relevant than ever, and cover worldwide transactions
  • 6% cashback on dining and online food delivery
  • 3% cashback on ride-hailing, online travel, and recurring telco and utilities

But do take note:

  • Minimum spend of S$800 per month to enjoy cashback
  • Monthly cashback cap of S$80 per month

Apply for this card if you: Drive often and want to save across a wide variety of transactions common to your lifestyle.

OCBC 365 CreditCard-no bg

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4. UOB YOLO Card: Best for the party crowd

The UOB YOLO Card is best for busy millennials who often dine or hang out with friends and use Grab for their frequent commutes. Enjoy upsized cashback of 8% on weekend spending, including dining, online shopping, and entertainment.

Qualifying Criteria and Card Fees

Singaporeans/PR Foreigners Annual fee Fee waiver Effective Interest Rate
21 yrs and above with S$30,000 minimum annual income

OR

S$10,000 fixed deposit collateral




21 yrs and above and S$40,000 minimum annual income

OR

S$10,000 fixed deposit collateral



S$192.60 1 year 25.9% per annum

Why we love this card:

  • High cashback of 8% for weekend spend on dining, entertainment, and Grab 
  • 3% cashback on weekday spend including online fashion and travel

But do take note:

  • Minimum spend of S$600 per month to enjoy cashback
  • Non-promo cashback cap at S$60 per month

Apply for this card if you: Like to club, dine out, have brunch, cafe-hop, and watch movies. 

Apply Now

5. CIMB Visa Signature Card: Best for all-round spending

CIMB Visa Signature Card is the newest kid on the block to offer one of the highest headline cashback rates. Cardholders can expect to earn a cashback rate of up to 10% across categories like beauty and wellness, online shopping, grocery, pet shops and veterinary services and cruises.

Additionally, this card is compatible with SimplyGo, making it one of the ultra-attractive cashback cards in the market right now.

Qualifying Criteria and Card Fees

Singaporeans/PR Foreigners Annual fee Fee waiver Effective Interest Rate
21 yrs and above with S$30,000 minimum annual income

OR

55 years and above with S$15,000

OR

S$10,000 fixed deposit collateral







21 yrs and above and S$40,000 minimum annual income

OR

S$10,000 fixed deposit collateral



S$192.60 For life 25.5% per annum

Why we love this card:

  • High cashback of 10% for multiple categories
  • No annual fees for life
  • $80 cash credit signup promotion
  • $50 cash via PayNow (SingSaver exclusive promotion)

But do take note:

  • Minimum spend of S$800 per month to enjoy cashback
  • $20 cashback cap per category

Apply for this card if you: Like to have a fuss-free card for all-round spending (particularly in beauty and wellness, online shopping, grocery shopping and veterinary services.

Apply Now


Compare and apply for the best cashback credit cards on SingSaver

If you’re looking for a good cashback card to help you save on everything from groceries, to petrol, to transport, be sure to apply through SingSaver to maximise your welcome rewards with exclusive sign-up bonuses (and this is on top of the bank’s own rewards!). Use SingSaver’s free online comparison tool to compare the best cashback credit cards in Singapore.

Compare Best Shopping Credit Cards

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