Best Cashback Credit Cards in Singapore

21 August 2020

Finding the right credit card to suit your needs can be challenging. There are countless options, and you’re just not sure which one you should sign up for. When finding the right card, it’s important that you opt for a cashback credit card that provides the best cash savings for your expenses such as paying for your bills, shopping and dining out. You should also check if there are any limits on the cashback you earn, and what kind of purchases gets you the highest rebates. 

We’ve done the homework for you and here are the best cashback credit cards in 2020 you may consider.

1. Citi Rewards Card

Cashback Features:
• 10 x Rewards on online retail purchases such as Lazada, Qoo10 and TANGS, subjected to Bank’s T&C.
• 10 x Rewards on rides with Gojek, Grab and ComfortDelGro, subjected to Bank’s T&C.
• 10 x Rewards on online food delivery, subjected to Bank’s T&C.

Annual Interest Rate: 26.90%
Min. Spend Per Month: S$0
Suitable for: Loves shopping online, local and overseas retail stores are also eligible for rewards.  

Apply here.

2. Citibank SMRT Card

Source: Citibank  

Cashback Features:
• 5% savings on groceries, fast food and movies, subjected to Bank’s T&C
• 3% savings on online shopping, subjected to Bank’s T&C
• Redeem your SMRT$ for cash rebate or vouchers
• No convenience fee for EZ-Reload Auto Top-up transactions

Annual Interest Rate: 26.90%
Min. Spend Per Month: S$300
Suitable for: If you frequent grocery shopping, enjoys fast food and catches movies during outings – you’re looking at the right cashback credit card.  

Apply here.

3. Citi PremierMiles Card

Cashback Features:
• S$1 = Up to 1.2 Citi Miles for local spend
• S$1 = 2 Citi Miles for all foreign currency spend including retail and online
• No expiry date for points accumulated

Annual Interest Rate: 26.90%
Min. Spend Per Month: N.A.
Suitable for: For the average consumer who travels often and seeks flexibility in miles redemption.

Apply here.

4. Citibank Lazada Visa Signature Card

Cashback Features:
• 10 x Rewards on Lazada spend
• 5 x Rewards on lifestyle categories such as dining, travel, entertainment and commute
• Get exclusive offers on Lazada and 1-year LiveUp membership (worth S$59.90)
• Enjoy shipping rebate when you spend a min. of $S50 per transaction at Lazada

Annual Interest Rate: 26.90%
Min. Spend Per Month: S$50 per transaction to use S$1.99 shipping rebates 4 times per month
Suitable for: If you regularly shop on Lazada, you should sign up for this card and enjoy bigger savings.

Apply here.

5. Standard Chartered Unlimited Cashback Credit Card

Source: SingSaver

Cashback Features:
• Earn 1.5% cashback on all your spends
• Up to S$170 cashback sign up gift when you apply via MyInfo
• 1% cashback on your approved Funds Transfer Amount
• Discover offers and experiences globally with The Good Life privileges

Annual Interest Rate: 26.90%
Min. Spend Per Month: S$0
Suitable for: Anyone and everyone, especially if you have plans to purchase a big-ticketed item soon.

Apply here.

6. DBS Live Fresh Card

Source: Value Champion

Cashback Features:
• Up to 5% rebates online and contactless spend
• All other spend allows you to earn 0.3% cashback
• All-in-one card for cashback, ATM and SimplyGo
• Cashback is capped  at S$20 on eligible online spend, S$20 on eligible Visa contactless spend and S$20 on all other spend per month

Annual Interest Rate: 26.80%
Min. Spend Per Month: S$600
Suitable for: A millennial who loves paying digitally via Visa payWave for everything and anything.

Apply here.

7. POSB Everyday Card

Source: Value Champion

Cashback Features:
• 15% cash rebates on online food delivery and catering
• Earn 5% cash rebates at Sheng Siong and 3% at Watsons
• Up to 20.1% fuel savings at SPC
• 1% cash rebate on bills with iSwitch, Geneco, Sembcorp, SP Group, Union Power, Best Electricity, OHM, Tuas Power and Starhub

Annual Interest Rate: 26.80%
Min. Spend Per Month: S$0
Suitable for: For average Singaporeans who don’t mind shopping at Sheng Siong and Watsons for their essentials.

Apply here.

8. OCBC 365 Card

Source: Value Champion

Cashback Features:
• Enjoy 22.1% fuel savings at Caltex and up to 20.2% at Esso and receive 5% cashback
• Get 6% cashback on dining and online food delivery
• Receive 3% cashback on groceries, utilities, land transport and online travel bookings

Annual Interest Rate: 26.88%
Min. Spend Per Month: S$800
Suitable for: For those who have broad spending habits, and want rebates for their purchases.  

Apply here.

Above details are accurate at the time of publishing. For more information, please visit the respective product pages on the banks' website. For successful cashback tracking, sign in to meREWARDS and click ‘Buy Now’ in brands’ pages. For more information on cashback, read here.