Best Cashback Credit Card Singapore 2020

Forget about collecting reward points, get cashback instead!

Someone said before, “Cash is King”! These cards are good for expenses like a wedding, honeymoon, dining or even online shopping.

Enjoy cash rebates with these credit cards, no more headaches with all those points!

In 2020, these are some of the best cashback cards in Singapore. Some credit card requires no minimum spend at all.

Also on credit card: Use these credit cards for groceries shopping.

HSBC Advance Credit Card

HSBC Advance Credit Card
Photo Credit: HSBC

Earn up to 3.5% cashback with HSBC advance credit card for all local and overseas purchases with no minimum spend required.

Spend per calendar month
Above S$2,000
S$2,000 & below
Cashback in a calendar month
Cashback for Advance banking customers
3.5%
2.5%
Up to S$125
Cashback for non-Advance banking customers
2.5%
1.5%
Up to S$70

UOB UnionPay Card

uob unionpay card
Photo Credit: UOB

Earn up to 2.0% cash rebate with UOB UnionPay Card for all local and overseas purchases with no minimum spend required.

Spend per calendar month
Cashback for UOB UnionPay Card
Cashback in a calendar month
No minimum spend
2%
Up to S$50

American Express True Cashback Card

american express true cashback card
Photo Credit: American Express

American Express True Cashback Card gives you a generous 3% Cashback as a welcome bonus on up to a total of S$5,000 spend in your first 6 months.

If you make a minimum spend of S$500 in the first month, you can also receive up to S$80 CapitaVouchers.

Enjoy unlimited cashback with no minimum spend and no earn cap at 1.5% Cashback on all eligible purchases after the welcome bonus.

Spend per calendar month
Cashback for American Express True Cashback Card
Cashback in a calendar month
No minimum spend
1.5%
No earn cap

Standard Chartered Unlimited Cashback Credit Card

Standard Chartered Unlimited Cashback Credit Card
Photo Credit: Standard Chartered

Receive up to S$80 cashback sign up gift for Standard Chartered Unlimited Cashback Credit Card.

Earn 1.5% cashback on all your spending with no minimum spend and no cashback cap.

Receive 1% cashback on approved funds transfer amount.

Spend per calendar month
Cashback for Standard Chartered Unlimited Cashback Credit Card
Cashback in a calendar month
No minimum spend
1.5%
No earn cap

BOC Visa Infinite Card

BOC Visa Infinite Card
Photo Credit: BOC

BOC Visa Infinite Card gives you 1% cash rebate on all purchases made in Singapore, with no minimum spend and no earn cap.

For overseas transactions, you get to enjoy the waiver of 1.5% currency exchange fees.

If you have BOC Multi-Currency Savings account, you will also enjoy interest of up to 3.55% p.a. when you spend a minimum of S$1,500 on your BOC Visa Infinite Card.

Spend per calendar month
Cashback for BOC Visa Infinite Card
Cashback in a calendar month
No minimum spend
1.0%
No earn cap

Citi Cash Back Visa Card

citi cashback credit card
Photo Credit: Citibank

Citi Cash Back Visa Card is giving a welcome gift of S$120 cashback when you spend $1,200 in the first 3 months.

Earn 8% cashback on dining, groceries, and petrol when you achieve a minimum spend of S$888 in a statement month. Cashback capped at S$25 per category per statement month.

There is a 0.25% cashback on all other retail purchases that have no cap.

Spend per calendar month
Cashback for Citi Cash Back Visa Card
Cashback in a calendar month
S$888 & above
7.75% (bonus cash back)
+ 0.25% (base cash back)
See below
Below S$888
0.25% (base cash back)
See below
  • Bonus 7.75% cashback on Dining, Groceries and Petrol spend is capped at S$25 cashback per category per statement month.
  • The base cashback of 0.25% has no cap.

Maybank Platinum Visa Card

Best Cashback Credit Card Singapore 2020 6
Photo Credit: Maybank

Maybank Platinum Visa Card gives quarterly cash rebate based on fixed-quarter spending:

  • January to March
  • April to June
  • July to September
  • October to December

Up to 3.33% cash rebates on eligible local spend

  • Tier 1: Minimum spend of S$300 per month in a calendar quarter
    • S$30 quarterly cash rebate
  • Tier 2: Minimum spend of S$1000 per month in a calendar quarter
    • S$100 quarterly cash rebate
Best Cashback Credit Card Singapore 2020 7
Photo Credit: Maybank

OCBC 365 Credit Card

Best Cashback Credit Card Singapore 2020 8
Photo Credit: OCBC

When you spend a minimum of S$800 in a statement month for OCBC 365 Credit Card, the cashback is as follows:

Cashback
Categories
6%
Dining
(Local & overseas dining, online food delivery)
5%
Petrol
(5% cashback on fuel spend at all petrol service stations)
3%
Groceries
(Local and overseas groceries, Online groceries)
Land Transport
(Local and overseas private hire rides & taxi rides)
Online Travel
(Online air and cruise tickets purchases, Online hotel and tour bookings)
Utilities
(Recurring telco bills, Recurring electricity bills)
0.3%
All other spendings

The total cashback is capped at S$80.

Note: If you spend less than S$800, a flat 0.3% cashback is awarded.

HSBC Visa Platinum Credit Card

Best Cashback Credit Card Singapore 2020 9

Redeem a sign-up gift for HSBC Visa Platinum Credit Card: Samsonite Prestige 69cm Spinner Exp or S$150 cashback + receive S$30 worth of Grab rides when you apply online with MyInfo via Singpass.

You need to spend a minimum of SGD600 monthly (locally and abroad) in a calendar quarter:

  • January to March
  • April to June
  • July to September
  • October to December

The total rebates capped at S$250 per quarter.

Cashback
Categories
5%
Dining
(all food and beverage outlets in Singapore, except hotel dining)
5%
Petrol
(fuel spend at Caltex and Shell stations)
5%
Groceries
(all local grocery stores and supermarkets (including online supermarkets))

UOB One Card

Best Cashback Credit Card Singapore 2020 10
Photo Credit: UOB

UOB One Card: Get up to 5% Cash rebate on retail spend:

  • S$50 quarterly rebate:
    • Minimum S$500 spend (3.33% rebate)
    • Minimum 5 purchases each month for the quarter
  • S$100 quarterly rebate:
    • Minimum S$1000 spend (3.33% rebate)
    • Minimum 5 purchases each month for the quarter
  • S$300 quarterly rebate:
    • Minimum S$2000 spend (5% rebate)
    • Minimum 5 purchases each month for the quarter

You also additional rebates on Grab, UOB travel transactions, Singapore Power utilities bill on top of the retail rebates stated above.

Remember to apply for one of these Singapore best cash rebate credit cards!

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