Earn while you spend! Top 12 Cashback Credit Cards in Singapore for 2024

SINGAPORE: If you want to earn while you spend, getting cashback might just be your thing. Here are the top cashback credit cards in Singapore for 2024, according to MoneySmart:

1. UOB Absolute Cashback Card

• Unlimited cashback at 1.7%


• No minimum spend requirement


• Amex card, may have limited merchant acceptance


• Expenses like bills and insurance can earn cashback

2. Citi Cash Back+ Card

• Cashback rate of 1.6% on all spending


• No minimum spend or cashback cap


• Mastercard, widely accepted


• Ideal for big-ticket spending like weddings or home renovations

3. HSBC Visa Platinum Credit Card

• Up to 5% cashback on dining, groceries, and petrol


• Minimum spend of S$600 per month required for cashback


• Complimentary access to Entertainer with HSBC


• Rebate cap of S$250 per calendar quarter

4. Standard Chartered Simply Cash Credit Card

• 1.5% cashback on all eligible spending


• No cashback cap or minimum spend requirement


• Waived annual fee for the first two years


• Suitable for everyday spending with no restrictions

5. American Express True Cashback Card

• 1.5% cashback on all spending


• Higher cashback rate in the initial period


• 3% cashback on first $5,000 spent in the initial six months


• Annual fee of S$174.40 after the first year

6. OCBC INFINITY Cashback Card

• Original cashback rate of 1.6%


• Promotional 0.2% bonus cashback from now until Mar 31, 2024 for first six months capped at S$6 per month (additional cashback is only for the first 2000 new OCBC cardmembers)


• Unlimited cashback with a time-limited promotional rate


• Plus, an automatic cashback offset in the same month's statement

7. CIMB World Mastercard

• 2% unlimited cashback on selected categories (wine & dine, movies & digital entertainment, online food delivery, taxi & automobile, and luxury goods)


• Requires a minimum spend of S$1,000


• 1% unlimited cashback on other spends


• No annual fees for life

8. UOB One Card

• Up to 15% cashback on retail spending


• Base cashback per quarter:
  
  
  
  • S$500/month spending: 3.33%
  
  
  • S$1,000/month spending: 3.33%
  
  
  • S$2,000/month spending: 3.33%
  
  
  
  


• Additional cashback at selected partners:
  
  
  
  • S$500/month spending: 5%
  
  
  • S$1,000/month spending: 6.67%
  
  
  • S$2,000/month spending: 6.67%
  
  
  
  


• Enhanced cashback (for new card members who apply from now to Mar 31, 2024):
  
  
  
  • S$500/month spending: 6.67%
  
  
  • S$1,000/month spending: 5%
  
  
  
  


• Higher cashback rates based on monthly spending tiers

9. Citi Cash Back Card

• 8% cashback on groceries and petrol, 6% on dining


• Minimum spending requirement of S$800 per month


• Monthly cashback cap of S$80

10. DBS Live Fresh Card

• up to 10% cashback


• 5% cashback on online and Visa contactless spending, capped at S$20 per month


• Additional 5% cashback at selected eco-friendly businesses including eco-eateries, eco-retailers, and eco-transport services


• Cashback rates are subject to a minimum spending of S$600 in a month


• Cashback caps:
  
  
  
  • Eco-friendly spending: S$15 cashback (5% rate), capped at S$300 spend
  
  
  • Online spending: S$20 cashback (5% rate), capped at S$400 spend
  
  
  • Visa contactless spending: S$20 cashback (5% rate), capped at S$400 spend
  
  
  • All other spending: S$20 cashback (0.3% rate), capped at S$6,667 spend
  
  
  
  


• Maximum cashback per month is S$75, requiring a spend of S$7,767


• Ideal for online and eco-friendly spending

11. OCBC FRANK Credit Card

• 8% cashback on foreign spending and online/contactless mobile spending


• Additional 2% cashback for eco-friendly purchases (Scoop Wholefoods, SimplyGo, Little Farms, and BlueSG)


• Monthly cashback cap of S$100 in four categories
  
  
  
  • Foreign spending: 8% cashback, capped at S$25
  
  
  • Local online transactions and mobile payment: 8% cashback, capped at S$25
  
  
  • Spending at green merchants: Additional 2% cashback, capped at S$25
  
  
  • All other spending: 0.3% cashback, capped at S$25
  
  
  
  

12. POSB Everyday Card

• 5% cashback at Sheng Siong


• 3% cashback on Pet Lovers Centre with S$15 minimum spend


• 20.1% savings at SPC for petrol


• If you spend at least S$800 monthly, you’ll get:
  
  
  
  • 10% on foodpanda and Deliveroo delivery
  
  
  • 8% on selected online shopping merchants (Amazon.sg, Lazada, RedMart, Shopee, iHerb)
  
  
  • 3% at Watsons and on dining expenses
  
  
  
  

These cards offer a variety of cashback benefits to suit different spending habits and preferences. Choose what’s best for you today! /TISG

Read also: 7 SG Credit Cards compete for love in February: Best CC Promotions!

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