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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.

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% + Bonus Cashback
2.5%
Up to S$125
+ Bonus Cashback
Cashback for non-Advance banking customers
2.5% + Bonus Cashback
1.5%
Up to S$70
+ Bonus Cashback

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
Cash Back in a calendar month
No minimum spend
2%
Up to SGD50

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$1,000 in the first month, you can also receive up to S$60 CapitaVouchers.

Do you have a lot of Foreign Currency purchases? You can get to earn an additional 1% Cashback!

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.

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%
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 S$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.

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

First-time applicants for Maybank Platinum Visa Card? They are giving away one complimentary American Tourister Luggage when you apply and charge a minimum of S$300 for each of the first two consecutive months upon approval of your Credit Card.

Quarterly cash rebate is based on fixed-quarter spending:

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

1)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

2)0.3% cash rebates on overseas spend

  • Based on transactions charged in a foreign currency.
  • The cash rebate will be capped at S$50 per month.

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
(in-store transactions locally and overseas, online)
5%
Petrol
(transactions over the counter locally and overseas)
3%
– Groceries
(in-store transactions locally and overseas, online)
– Land Transport
(transactions over the counter locally and overseas, online)
– Travel
(online transactions only)
– Recurring Telecommunications bill
– Recurring Electricity bill
0.3%
All other spend (except for transaction spend on Charitable/Religious Organisations, Cleaning, Maintenance and Janitorial Services and Real Estate Agents and Managers, Fees and Charges, which are excluded from the rebates programme)

The total cashback is capped at S$80.

HSBC Visa Platinum Credit Card

Best Cashback Credit Card Singapore 2020 9

Redeem a sign-up gift for HSBC Visa Platinum Credit Card: Samsonite T5 68cm Spinner or S$150 cashback + receive SGD20 worth of Grab rides.

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

Receive up to S$180 when you apply for 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 get up to 10% rebate on Grab and UOB travel transactions and up to 6% rebate on 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!