Best Cashback Credit Cards in Singapore 2025 | SingSaver

Singapore's credit card market offers many cashback options for different spending habits. To determine the right one for you, see our comparison of the top cashback credit cards for 2025. Discover the credit card with the highest cashback and excellent rewards that suit your needs. 

 

Cashback credit cards in Singapore help you save money on everyday buys. They are popular among smart shoppers wanting to boost their spending power.

What is a cashback credit card?

Using a cashback credit card in Singapore can save you a lot over time. It is a type of credit card that offers a reward for your spending in the form of cash rebates. This cashback can be earned across various categories such as dining, groceries, fuel, or even general purchases, depending on the card. These rebates are typically credited to your account and can offset future expenses.

Which type of cashback credit card suits your spending habits?

Your choice depends on how you spend and what you like. There are two types of cashback credit cards you can choose from, flat-rate cashback credit cards and category-based cashback credit cards.

Aspect	Flat-rate cashback	Category-based cashback
Cashback Rate	Consistent (e.g., 1.5% on all purchases)	Varied (e.g., 8% on dining, 2% on groceries)
Simplicity	High	Moderate
Potential Rewards	Moderate	High (if spending matches categories)
Flexibility	High	Limited to specific categories

If you like simplicity and have varied spending, a flat-rate card might be best. For big expenses in certain areas, a category-based card could give you more rewards. Some cards offer both, giving flexibility and high returns in key areas.

Flat-rate vs category-based cashback cards

Choosing between flat-rate and category-based cashback credit cards depends on your spending habits and financial goals. To help you determine the right one for your need needs, check out our list of benefits and considerations:

Advantages of flat-rate cashback cards

• Simplicity and consistency: Earn the same cashback percentage on all purchases, regardless of the category.

• Best for varied spending: Ideal for those with diverse expenses that don’t align with specific categories.

• Ease of use: No need to track categories or strategise spending, making budgeting straightforward.

Things to consider for flat-rate cashback cards

• Lower cashback rates: The cashback percentage is typically lower compared to category-based cards.

• May not maximise rewards: If your spending heavily leans toward certain categories, a category-based card might offer higher returns.

Benefits of category-based cashback cards

• Higher rewards in key categories: Enjoy elevated cashback rates for specific spending areas like dining, groceries, travel, or petrol.

• Customised for Targeted Spending: Perfect if your expenses frequently fall within the rewarded categories.

Things to consider for category-based cashback cards

• Limited categories: Cashback is often capped or limited to specific spending areas, requiring you to monitor your transactions.

• Minimum spend requirements: Some cards require a minimum monthly spend to unlock the highest cashback rates.

How do cashback credit cards work?

As mentioned previously, when you pay with your cashback credit card, you get a percentage of the cost back in different ways. These may include:

Introductory offers

Many cashback credit cards provide attractive sign-up bonuses or introductory cashback rates for a limited period. These promotions might include:

• Higher cashback rates on all spending for the first six months.

• Welcome bonuses, like statement credits or gift vouchers.

Basic cashback

Basic cashback is the standard percentage you earn for purchases. For example, a card might offer 1.5% cashback on all general expenses or up to 5% on groceries and dining.

Bonus cashback

Some cards provide bonus cashback for spending beyond a minimum threshold or within specific categories. Examples include:

• Extra cashback during promotions or festive seasons.

• Enhanced rewards for frequent spending on partnered merchants.

Advantages of cashback credit cards

Cashback credit cards are a smart way to maximise your savings in Singapore. Some key advantages include:

• Get rewarded for your regular purchases, from groceries to dining out.

• Unlike points or miles, cashback is straightforward—no conversions or complex calculations needed.

• Enjoy elevated cashback rates on categories like dining, groceries, or fuel that match your spending habits.

• Cashback is automatically credited, eliminating the need to redeem points or track expiry dates.

By selecting the right cashback credit card, you can turn routine expenses into tangible savings. Whether you’re enjoying local food or indulging in a fine dining experience at Marina Bay Sands, your cashback card lets you earn as you spend. Make your money work harder for you in Singapore’s vibrant financial landscape.

Disadvantages of cashback credit cards

While cashback credit cards are appealing, they also come with some limitations:

• Some cards charge fees that may offset cashback earnings if not managed wisely.

• Certain cards require you to meet a minimum spend to unlock higher cashback rates.

• With category-based cards, rewards are limited to specific spending areas.

• Some cards have restrictions on cashback validity, requiring timely redemption.

By understanding these pros and cons, you can better evaluate if a cashback credit card meets your financial goals.

Unlimited cashback credit cards are gaining popularity in Singapore. They let you earn rewards on all your spending without limits. Let's see if they're a good fit for you.

Advantages and disadvantages of unlimited cashback credit cards

Advantages

• Simplicity: With a flat cashback rate on all transactions, there’s no need to track spending categories or manage caps.

• Consistency: Earn rewards on every purchase, no matter the amount or type of spending.

• Great for high spenders: If you regularly spend a lot across various categories, unlimited cashback ensures every dollar works for you.

• Ease of budgeting: These cards make it straightforward to estimate and track your cashback earnings, simplifying financial planning.

Disadvantages

• Lower reward rates: The cashback percentages are often lower than those offered by category-based cards, which target specific spending areas.

• Potentially higher fees: Some unlimited cashback cards come with higher annual fees that may eat into your overall rewards.

• Minimum spend requirements: To unlock additional perks or avoid fees, you might need to meet minimum monthly spending thresholds.

Top unlimited cashback options in Singapore

Several banks in Singapore offer great unlimited cashback credit cards. Some top picks include:

Card Name	Cashback Rate	Annual Fee	Min. Spend
Standard Chartered Simply Cash Credit Card	1.5%	$196.20 (waived first 2 years)	None
American Express True Cashback Card	1.5%	$174.40 (waived first year)	None
Maybank FC Barcelona Visa Signature Card	1.6%	$121.20 (waived with min. spend)	None

When picking an unlimited cashback credit card, think about how you spend money. Compare credit cards in Singapore based on what you buy. For some, the ease and consistency of unlimited rewards are more valuable than higher rates in certain categories. It might be worth it if you're a big spender who loves to indulge in local delights without worrying about reward limits.

To get the most from your cashback credit card in Singapore, plan smartly. Consider these tips to boost your rewards:

• Track your spending patterns: Understanding where you spend the most is crucial for selecting the right cashback credit card. Look for a card that offers enhanced rewards for your high-spend categories.

• Use more than one card: Combining multiple cards allow you to maximise rewards across different categories. For example, use a category-based card for dining and groceries, and a flat-rate card for general purchases.

• Pay attention to minimum spend requirements and cashback caps: Many cards have a minimum spend threshold to unlock higher cashback rates. Be mindful of these requirements, and keep an eye on any cashback caps that limit how much you can earn.

• Use your cashback credit card for all eligible purchases: To maximise rewards, use your cashback credit card for both big and small purchases. The more you use it, the more cashback you can earn.

• Set up automatic bill payments: Automating bill payments with your cashback credit card ensures you're consistently earning rewards on regular expenses like utilities, insurance premiums, or subscriptions.

• Consider their welcome offer: Many cashback credit cards offer attractive welcome bonuses or sign-up promotions. While welcome offers are often time-limited, they can significantly boost your rewards in the first year so comparing cashback welcome offers can be beneficial. However, always factor in the long-term benefits of the card, as the best choice should align with your ongoing spending habits and goals.

• Compare different cards before you apply: With so many cashback credit cards available in Singapore, it’s crucial to compare different cards before making a decision. Look beyond just the cashback rates—consider the annual fees, foreign transaction fees, interest rates, and other perks that come with each card. 

You can take a look at this quick comparison table to help you determine which type of cashback credit card best suits your spending habits:

Card Type	Best For	Typical Cashback Rate
Flat-rate	General spending	1.5% - 1.8%
Category-based	Specific categories (e.g., dining, petrol)	3% - 8%
Unlimited	High spenders	1.5% - 2%

By following these tips and strategies, you can maximise the rewards you earn from your cashback credit card and make smarter financial decisions. Whether you're shopping for groceries, fueling up your car, or paying your bills, your cashback card can help you save money and earn valuable rewards every step of the way.