Best Cashback Credit Cards in Singapore 2019

An informed comparison on the best cash back cards and cash rebate credit cards in Singapore. Pick the best one that suits your needs!


A telling sign that cashback credit cards are popular card types among Singaporeans is from the mere fact that almost every major card company in Singapore has at least one card focused on cashback features. We’re sure you know what are cashback credit cards and how it works, but for the benefit of some who don’t, let’s do a quick lowdown of what a cashback credit card or cash rebate credit card is all about. πŸ€©πŸ’°

πŸ’³ Let’s take a look at the best cashback credit cards in Singapore.

Standard Chartered Spree Credit Card

Spree card standard chartered

  • 3% on online transactions in foreign currency
  • 3% on vPost transactions
  • 2% cashback for online spending in local currency, all contactless and mobile payments
  • 1% cashback on all other retail spending
Cashback for online shopping with no minimum spending

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Citi Cash Back Card

citi cashback card

  • 8% cashback at all F&B outlets worldwide
  • 8% cashback at all supermarkets worldwide
  • Up to 20.88% fuel savings at Esso & Shell, and 8% cash back at all other petrol stations worldwide
  • 0.25% cashback on all other retail purchases (no cap)
Cashback for dining worldwide and food delivery

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OCBC 365 Card

  • 6% cashback on weekend dining and 3% cashback on weekday dining; 3% cashback on overseas dining worldwide
  • Up to 24.6% fuel savings (till 30 September 2019) at selected petrol stations and 5% cashback at all other petrol service stations
  • 3% cashback at local and overseas groceries as well as online groceries
  • 3% cashback on online shopping
  • 3% online air and cruise tickets purchase
  • 3% online hotel & tour bookings
  • 3% cashback on recurring telco bills
  • 0.3% cashback on all other spending
All-rounded cashback card

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Standard Chartered Unlimited Cashback

unlimited cashback card

  • 1.5% cashback on all spending
  • No cap and no minimum spend
Unlimited cashback

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HSBC Visa Platinum Credit Card

hsbc visa platinum card

  • 5% cash rebates on selected recurring bills (mobile/cable TV/internet)
  • Up to 5% cash rebates on petrol
  • Up to 16% instant discount at all Caltex and Shell stations on top of the cash rebates
  • Up to 5% cash rebates at local groceries stores and supermarkets
  • Up to 2% cash rebates on all food and beverage outlets (excluding hotel dining) in Singapore
Cashback for utilities and groceries

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POSB Everyday Card

posb everyday credit card

  • Up to 5% on everyday essentials (with selected partners)
Cashback with no expiry

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What is cashback and how do I benefit from it?

πŸ‘©β€πŸ’» In a nutshell, a cashback reward is when you receive a portion of your money back after you have spent it, usually in the form of a cash rebate in your credit card to offset your next expenditure. You can look at it as a means of getting a discount, but a discount reward typically applies to one merchant, restaurant or brand. In contrast, a cash back system works with a category of products or services, allowing more flexibility to the spending activities of a cardholder. To put it simply, a consumer may have a 5% discount at Watsons in a discount reward system, but has the flexibility to buy the same items from Watsons, Guardian, or even NTUC with a 5% cashback reward.

Before you consider any cashback credit cards, it is essential to know your own spending habits and the focus in this cashback card in addition to the other credit cards you may already have. That is because you want to receive the highest amount of returns with the cashback card you eventually apply for. Need a credit card with more perks for dining so that you can consolidate all your F&B expenses? Perhaps you need a card for household related expenses such as petrol, groceries and essential. Or maybe your jet setter lifestyle results is the bulk of your expenses in foreign land and currency.

Whatever it may be, contemplate and prioritise what you would like to use your cashback credit card for, and Cardable will help you to highlight the benefits and perks of several cards.

Let’s dive into the details for each card:

1. Standard Chartered Spree Credit Card

Best for: Cashback for online shopping
Annual fee: S$192.60

The Standard Chartered Spree Credit Card is good for online shopping, especially if you typically don’t track your expenses. That’s because it doesn’t have minimum spending you have to hit before you can start earning cashback. This is ideally suitable for the younger crowd who may not have such a large spending power, or groceries to settle each week. The occasional shopping on local and foreign eCommerce sites lets cardholders earn 2%-3% cashback, depending on the currency of the transaction.

For supermarket purchases, it’s a decent 2% cashback, and all other retail spend lets you earn 1% cashback. Do note that there is a S$60 limit on the cashback you may earn each month.

Standard Chartered also waives the annual fee for the first 2 years so that’s another bonus to apply for this card!

To apply for a Standard Chartered Spree Credit Card, the minimum income requirement is S$30,000 for Singaporeans and Permanent Residents and S$60,000 for non-Singaporeans.

Standard Chartered Spree Credit Card

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With the Standard Chartered Spree Credit Card, you no longer have to worry about tracking your expenses just to meet the minimum spending requirement!

πŸ₯‡ Ever wondered which banks’ credit cards give the best perks? Find out here!

2. Citi Cash Back Card

Best for: Cashback for dining and food delivery
Annual fee: S$192.60

If you’re a foodie, perhaps you’ve already heard of the Citi Cash Back Card. This card allows you to earn 8% cash back on food and drinks worldwide. Not just that, the cashback rate is also extended to food delivery with foodpanda, as well as groceries spending at supermarkets worldwide and on RedMart and honestbee. If you drive, you also get up to 20.88% cashback on petrol. If you often pay for meals and weekly groceries, this card is a great candidate to consider.

To apply for a Citi Cash Back Card, the minimum income requirement is S$30,000 for Singaporeans and Permanent Residents and S$42,000 for non-Singaporeans.

Citi Cash Back Card

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Make your meals better by earning 8% cashback on your dining expenses with the Citi Cash Back Card.

3. OCBC 365 Card

Best for: All-rounded cashback card
Annual fee: S$192.60

The OCBC 365 Card, as the name suggests, is a fantastic card for everyday spending. It offers a myriad of cashback earning with spending from telco bills and groceries to online shopping and dining worldwide. This all-rounded card even covers your entertainment and travel needs, letting you earn cashback when you pay for your movie tickets or your next holiday accommodation online.


In our opinion, the OCBC 365 card is a well balanced card that covers many categories of spend. Although the earn rate for all other types of spending is not high (at 0.3% cashback), the higher rates for the specific categories make up for it.

To apply for a OCBC 365 Card, the minimum income requirement is S$30,000 for Singaporeans and Permanent Residents and S$45,000 for non-Singaporeans.

OCBC 365 Credit Card

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Equip yourself with this all-rounded OCBC 365 Card today.

4. Standard Chartered Unlimited Cashback Card

Best for: Unlimited cashback 
Annual fee: S$192.60

The Standard Chartered Unlimited Cashback Credit Card is applauded for its relatively high cashback rate that is unlimited for all spend. With no cap and no minimum spending required, you can earn 1.5% cashback on all your spending. If you make purchases in foreign currency, the 1.5% cashback rate is doubled to 3%!

To apply for a Standard Chartered Unlimited Cashback Credit Card, the minimum income requirement is S$30,000 for Singaporeans and Permanent Residents and S$60,000 for non-Singaporeans.

Standard Chartered Unlimited Cashback Credit Card

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There is no limit to your cashback earnings with the Standard Chartered Unlimited Cashback Credit Card.

ALSO READ: First Impression: Standard Chartered Unlimited Cashback Credit Card Review

5. HSBC Visa Platinum Credit Card

Best for: Cashback for utilities and groceries
Annual fee: S$180

Need a card for groceries and utility bills? The HSBC Visa Platinum Credit Card might do the trick!

You can get up to 5% cashback for groceries if you meet the quarterly minimum spend requirement of S$800. You can also earn 5% cashback on your monthly Singapore Power and telco bills. This card would be suitable for bigger families whose groceries spend and utility bills chalk up to a relatively significant amount. Since these expenses are definitely recurring, dedicating the HSBC Visa Platinum card to cover these expenses, which will likely hit the minimum spend required, will help you to get some cashback every month.

To apply for a HSBC Visa Platinum Credit Card, the minimum income requirement is S$30,000 for Singaporeans and Permanent Residents and S$40,000 for non-Singaporeans.

HSBC Visa Platinum

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Have your family’s groceries and utility bills covered by the HSBC Visa Platinum Credit Card to get up to 5% cashback every month!

6. POSB Everyday Card

Best for: Cash rebates with no expiry date
Annual fee: S$180

With the POSB Everyday Card, there is no expiry date on the cash rebate you earn.

This is a fairly good card for parents who own a car as it allows cardholders to earn cashback on everyday essentials, groceries, healthcare and petrol. For selected merchants, the cashback earn rate goes up to 5% for essentials and 20.1% for petrol at SPC stations.

The fact that the card’s cashback reward system focuses on a variety of categories – from petrol and telco discounts to grocery discounts and dining deals – makes this a great everyday cashback credit card that is suitable for almost everyone. If you prefer to have one card to consolidate your expenses for the necessities, you should give this card more consideration.

To apply for a POSB Everyday Card, the minimum income requirement is S$30,000 for Singaporeans and Permanent Residents and S$45,000 for non-Singaporeans.

DBS POSB Everyday Card

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Never worry about your cash rebates’ expiry with the POSB Everyday Card!

Spend less with these cashback credit cards

These six cashback credit cards in Singapore have unique features and different rewards in several categories. So even if you already have any of these best cashback or cash rebate credit cards, it is important to know your financial habits and spending patterns to make a more informed choice on the most effective cashback credit back for yourself.

A gentle reminder to look at the terms and conditions, as well as some of the requirements that will need to be fulfilled before some of the cashback rewards are valid. It is also good financial discipline to know one’s own budget and financial health before spending just to hit a minimum requirement for the cashback reward.

πŸ‘πŸ» Remember that although you will receive a portion of your money back, you are essentially still incurring an expense. Spend wisely and ensure that you don’t accumulate credit card debts as the interest rates can be very high.

Want more credit card reviews like this? Let us know in the comments section below! We welcome you to comment and discuss your experience with any of these best cashback credit cards in Singapore. 


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