Best Rewards Credit Cards
Updated: 1 Apr 2026
Credit Card | Product Name | 🔥 Hot Reward Pick | Card Benefits | Min. Annual Income | Bonus Cap | |
|---|---|---|---|---|---|---|
 | Citi Rewards Card | 1 - 10 | S$30,000 | 9,000 ThankYou Points / month | ||
 | HSBC Revolution Credit Card | 0.4 - 4 | S$65,000 | 13,500 bonus points | ||
 | OCBC Rewards Credit Card | 1 - 15 | S$30,000 | 10,000 OCBC$ | ||
 | DBS yuu Visa Card | 0.5 - 18 % | S$30,000 | 28,800 yuu Points / month | ||
 | UOB Lady's Card | - | 0.4 - 10 miles per dollar | S$30,000 | S$1,000 per month | |
 | POSB Everyday Card | 0.3 - 10 % | S$30,000 | S$110 / month |
Don’t miss out on these great deals:
✨ Top Up for a Glow Up with Dyson ✨
Only on SingSaver: Apply for select Citi Credit Cards and upgrade your reward to a premium Dyson hair or home product worth up to S$799 — with a top-up starting from just S$50!
Apply by Jun 01, 2026 to claim your reward
Participating Products:
Citi PremierMiles Card
:
For Flexible Airmiles
Citi Cash Back+ Card
:
For Big Ticket Purchases
Citi Cash Back Card
:
For Families & Households
Citi Rewards Card
:
For Online & Retail Shopping
Citi SMRT Card
:
For SMRT Commuters
Citi M1 Platinum Visa Card
:
For M1 Regulars
How to Qualify?
- Apply for Citi Credit Cards through SingSaver by 1 June 2026
- Submit the SingSaver Reward Redemption form
- Activate your card and spend a minimum of S$500 within 30 days of card approval date to be eligible for reward
- Promotion is valid for new Citi credit cardmembers only
- Fastest Reward Fulfilment: Receive your reward in as little as 4 weeks!
- Promotion does not stack with other welcome offers from Citibank unless otherwise specified
- SingSaver Flash Deal: Be one of the first 2 eligible applicants at 2pm & 8pm daily to score a S$200 Cash + Dyson Digital Slim Fluffy bundle (total worth S$999)!
- Terms and Conditions apply
Apply by Jun 01, 2026 to claim your reward
- 10X rewards points for all online purchases except mobile wallet and travel-related transactions.
- 10X rewards points for in-store shopping purchases at department stores, clothing stores and more.
- 1X rewards points on all other purchases.
- Pair with amaze card to turn offline transactions into online transactions.
- No cap on base rewards points.
- Rewards points conversion rate: 440 Points = S$1
- Rewards points are rounded down to the nearest 10 points on all purchases.
- Use Citi PayAll to earn ThankYou PointSM when you pay your bills with your Citi Rewards Card.
- Up to S$1 million travel insurance coverage when you charge your travel tickets to this card. There will be a revision made to the Citi Credit Cards complimentary travel insurance. The Travel Insurance coverage in respect of a Trip charged to Citi Rewards Card will be updated to end on 31 March 2026. For more information, please click here.
- Read our full review of the Citi Rewards Card
- Bonus air miles
- Travel insurance
- Annual Fee waiver
- High-value gift
- Bonus rewards points capped at 9,000 points per statement month.
- Can no longer convert Citi ThankYou Points into miles (as of February 2026).
- Borrow up to 90% of your available credit limit, enjoy interest rates as low as 2.6% p.a., and get flexible payment terms up to 60 months when you apply with promo code CIPSS. T&Cs apply.
- 10X Points (equivalent to 4 mpd) on online and contactless spending, capped at 13,500 bonus points per month. Keep earning beyond 31 March 2026.
- 20X Points (equivalent to 8 mpd) on online and contactless spending for cardholders who maintain at least S$50,000 average daily balance in their HSBC EGA (SGD Account)
- 1X reward point for all other spending.
- No minimum spend required.
- No annual fee.
- Receive complimentary access to ENTERTAINER with HSBC app, with over 1,000 1-for-1 deals on dining, lifestyle and travel worldwide.
- Eligible categories: Online payment; shopping; groceries; dining; food delivery; ride-hailing apps.
- Up to 16% and 14% off petrol at Caltex and Shell respectively.
- Instant reward redemption for airline miles and hotel points, refer to www.hsbc.com.sg/rewards for details.
- Up to S$300,000 complimentary travel insurance for cardholder and family when travel tickets are charged to card.
- Compatible with Apple Pay, Google Pay, and Visa PayWave.
- Can convert between cashback, miles, or reward points flexibly.
- Great for individuals who prefer flexibility to redeem Reward points to categories such as miles, cashback & more
- Read our review of the HSBC Revolution Credit Card.
- Online shopping rebate
- Travel rebate
- No Annual Fee
- Operates on a whitelist basis. Only selected MCCs shown in the T&Cs qualify for bonus points.
- Cap of 13,500 bonus reward points per calendar month on eligible purchases. Original cap at 9,000 reward points.
- 1X reward point earned on public transport (via SimplyGo) only.
- HSBC reward points expire after 37 months.
- High base minimum annual income requirement of S$65,000 (w.e.f. 1 October 2025) Learn more.
- Earn 15 OCBC$ (equivalent to 6 miles) per S$1 spent at Watsons and online shopping platforms (Lazada, Shopee, Taobao and TikTok Shop).
- Earn 1X OCBC$ (or 0.4 miles) on all other spends, including public transport rides.
- Enjoy complimentary e-commerce protection on all your online purchases made with this card.
- Get fast approval and use your digital card instantly when you apply via MyInfo.
- Read our full review of the OCBC Rewards Card.
- Retail rebate
- Online shopping rebate
- Gift: Apple product
- No monthly spend required
- 15 OCBC$ per S$1 earn rate is capped at 10,000 bonus OCBC$ cap per month.
- OCBC$ awarded in blocks of S$5 charged per transaction.
DBS yuu Visa Card
Promo Code:
SINGSAVER
- Up to 36X yuu Points (equivalent to 18% cashback) on yuu participating merchants.
- 1X yuu Point on all other spend.
- S$1 spend = 1 yuu Point. No limit. No cap.
- Supermarket rebate
- Dining rebate
- Transport rebate
- Customers need to download the new rewards app as yuu Points awarded can only be tracked on yuu Rewards app.
- Redemptions of yuu Points capped at 15,600 points (S$78) per calendar month.
- Rebate cap applied
- Monthly spend required
- Pick from 7 rewards categories to earn up to 25X UNI$ for every S$5 spend (10 miles per S$1)
- Spend on UOB Lady's Credit Card to earn 10X UNI$ (4 miles per S$1) and enjoy additional up to 15X UNI$ (6 miles per S$1) when you pair your UOB Lady's Credit Card with UOB Lady's Savings Account
- LuxePay: Enjoy 0% 6 or 12-month instalment plan when you purchase your favorite luxury apparels.
- Complimentary e-Commerce protection on your online purchases.
- Enjoy UOB$ rebate on your daily essentials, entertainment and shopping.
- Local & Overseas spending rewards
- Installment
- No monthly spend required
- You can only choose 1 rewards category out of 7 to earn up to 25X UNI$ (10 miles per S$1). Feel free to change your category every quarter.
- You must save with UOB Lady’s Savings Account to unlock up to additional 15X UNI$ (6 miles per S$1) earn rate on your preferred rewards category.
- Terms and conditions apply for all above-mentioned privileges. Visit here for more details. Insured up to S$100,000 by SDIC.
- Monthly rewards cap applies.
POSB Everyday Card
Promo Code:
SINGSAVER
- Up to 10% cash rebates on food delivery via foodpanda, GrabFood and Deliveroo.
- Up to 10% cash rebates on in-store spend in Malaysian Ringgit (MYR).
- Up to 10% cash rebates on SimplyGo.
- Up to 5% cash rebates on Amazon.sg, Lazada, Shopee, RedMart, Taobao and TikTok Shop.
- Up to 5% cash rebates at Popular bookstores (in-person and online)
- 5% cash rebates at Sheng Siong supermarkets.
- 6% cash rebates at SPC.
- 3% cash rebates at Pet Lovers Centre.
- 0.3% cash rebates on all other eligible spend.
- Cash rebates (in Daily$) never expire.
- Read our full review of the POSB Everyday Card.
- Food delivery
- Online shopping rebate
- Min. spend of S$800 per calendar month required for accelerated cash rebate earn rate.
- S$20 monthly cash rebate cap for dining, Sheng Shiong, Popular, online shopping, SimplyGo, and MYR categories respectively.
- Rebate cap applied
- Monthly spend required
Complete list of top rewards credit cards chosen by our editors
HSBC Live+ credit card
Our pick for: Simple travel rewards
The HSBC Live+ Credit Card is ideal for those who spend both locally and abroad. Earn 8% cashback on dining, shopping, and entertainment, and 5% cashback on fuel at Shell and Caltex in Singapore. New cardholders can also stand a chance to win a business class ticket to London and enjoy additional perks like complimentary travel insurance. With a S$196.20 annual fee (waived for the first year), this card is a solid pick for frequent travelers who love dining and shopping.
American Express Platinum Card
Our pick for: Luxury travel perks
Frequent travellers who enjoy the finer things in life will love the American Express Platinum Card. With up to S$1,354 in annual travel, dining, and lifestyle credits, you can enjoy complimentary lounge access to 1,400+ airport lounges, instant hotel status upgrades, and exclusive Fine Hotels + Resorts benefits.
Standard Chartered Smart Credit Card
Our pick for: Everyday cashback
For those who prefer cashback with no complicated requirements, the Standard Chartered Smart Credit Card delivers 6% cashback at selected merchants and 0.5% cashback on all other spending — with no minimum spend or monthly cap.
UOB Lady’s Card
Our pick for: The ladies
The UOB Lady’s Card stands out with up to 25X UNI$ (10 miles per S$1) on selected spending categories, including fashion, beauty, and travel. This flexibility allows cardholders to tailor their rewards based on their lifestyle. Luxury shoppers can take advantage of LuxePay’s 0% interest installment plan for high-end fashion buys, while online shoppers get complimentary e-commerce protection for added security.
Standard Chartered Rewards+ credit card
Our pick for: Overseas and local spend
Maximise your spending at home and abroad with the Standard Chartered Rewards+ Credit Card. Earn 10X reward points per S$1 spent on overseas retail, dining, and travel transactions and 5X reward points for dining in Singapore. Frequent travellers will also benefit from complimentary travel insurance coverage of up to S$500,000 when charging full fares to the card.
Citi Rewards credit card
Our pick for: Online shopping
For digital shoppers, the Citi Rewards Credit Card is a game-changer. Earn 10X rewards points on all online purchases, including fashion, electronics, and food delivery (excluding mobile wallets and travel-related transactions). The card also offers 10X points for in-store shopping at department stores and fashion retailers.
OCBC Rewards credit card
Our pick for: Retail shopping and everyday essentials
The OCBC Rewards Credit Card is built for shopaholics, offering 15X OCBC$ (6 miles per S$1 spent) at selected retailers across fashion, shoes, accessories, and electronics.Every three months, the eligible retailer list updates, giving you new opportunities to earn more points. The card also includes complimentary e-commerce protection, ensuring safe online transactions.
Maybank World Mastercard
Our pick for: The food connoisseurs
Foodies and frequent travellers will love the Maybank World Mastercard, which earns 10X TREATS Points (4 miles per S$1 spent) at participating restaurants, retail stores, and petrol stations. Enjoy complimentary green fees at world-class golf courses, free air miles conversion, and travel insurance coverage of up to S$1,000,000 when charging full travel fares to the card.
ADDITIONAL RESOURCES
Understanding cashback credit cards
What are cashback rewards cards?
Cashback credit cards let you earn a percentage of your spending back as rewards. Depending on the card, cashback rates can range from 1.5% to 20%, meaning every dollar spent gives you back a portion in cash rebates. These rebates accumulate in your account and can be redeemed as statement credits, direct deposits, or even vouchers.
Cashback cards typically fall into three main categories: flat-rate, tiered, and bonus-category cashback.
Flat-rate cashback cards
These cards offer a consistent cashback rate across all spending categories, making them ideal for those who prefer a simple and fuss-free rewards system. Examples include:
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Citi Cashback Plus credit card, which offers 1.6% cashback on all eligible retail purchases with no minimum spend requirement.
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American Express True Cashback Card, which provides 1.5% unlimited cashback on all local and overseas spend.
Tiered cashback cards
Tiered cashback cards offer higher cashback rates on specific categories while giving a lower base rate on everything else. These cards are designed for those with specific spending habits. Examples include:
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HSBC Live+ Credit Card, which gives 8% cashback on dining, entertainment, and shopping (both local and overseas) and 5% cashback on fuel at Caltex and Shell.
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DBS Live Fresh Card, which offers 6% cashback on shopping and transport; 0.3% on all other spends.
Cashback cards with rotating categories
Some cashback cards let you choose or adjust your bonus categories, giving you flexibility to maximise rewards based on your spending habits. Others have rotating bonus categories that change every few months. Some of them are:
- UOB One Card, which provides up to 10% cashback on Shopee, Grab, and public transport when spending thresholds are met.
How is your bonus reward determined?
Cashback categories are based on the merchant category code (MCC) assigned by payment networks like Visa and Mastercard. For example, a cashback card that rewards grocery store purchases will apply the bonus rate to transactions made at supermarkets — but not necessarily to groceries bought at convenience stores or online marketplaces.
How to redeem cashback rewards
Despite its name, cashback rewards don’t always come as physical cash. The most common way to use cashback is by applying it as a statement credit, which directly reduces your outstanding balance. For instance, if your bill is S$500 and you redeem S$50 in cashback, your new balance will be S$450 — effectively lowering the amount you need to pay.
Some banks also allow you to transfer cashback into your bank account, giving you more control over how you use your rewards. Alternatively, you may be able to redeem cashback as vouchers for shopping, dining, or travel expenses.
Each credit card has different redemption policies. While some let you redeem rewards at any time, others may require you to accumulate a minimum cashback amount (e.g., S$10 or S$20) before you can cash out.
>> READ: For more guidance on selecting the right credit card for your spending needs, check out our comprehensive guide on choosing a credit card.
Understanding travel rewards credit cards
How do travel rewards work?
With a travel rewards credit card, you earn points or miles every time you make a purchase, with many cards offering bonus rewards on travel-related spending. For example, some general travel cards provide higher rewards on airfare, hotels, and overseas spending, while others grant extra points only when booking with a specific airline or hotel chain.
Not all travel rewards work the same way:
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General travel rewards cards – These cards, such as the American Express Platinum Card and HSBC Live+ Credit Card, allow you to redeem points for flights, hotel stays, or travel statement credits. Some also let you transfer points to airline and hotel loyalty programmes.
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Airline and hotel-specific cards – Cards like the Maybank World Mastercard offer higher rewards when used at select airlines, hotels, and travel partners. However, these points are typically redeemable only within the issuing brand’s ecosystem.
How much is a credit card point or mile worth?
The value of a point or mile depends on how you redeem it. Some travel cards offer a fixed redemption value — typically between 1 and 1.5 cents per point — when booking through the issuer’s travel portal. Others allow you to transfer points to airline or hotel loyalty programmes, where values fluctuate based on flight routes, availability, and hotel rates.
To get the best value, compare cash prices against the number of points or miles required for redemption. If your redemption value aligns with or exceeds the market average, you're maximising your rewards.
How to redeem travel rewards
The way you use your travel rewards depends on the type of card you have and your travel goals. Most redemptions fall into these two categories:
Redeeming rewards on general travel cards
With some travel cards, you can redeem points through the issuer’s travel booking portal, which functions like an online travel agency. Some cards also allow you to apply points as statement credits against past travel expenses, giving you flexibility in how you book your trips.
Another common option is transferring points to airline or hotel partners. This can unlock premium redemptions such as business class flights or luxury hotel stays, but it's important to check the transfer rates to ensure you're getting good value.
Redeeming airline or hotel rewards
With some travel cards, you can redeem points through the issuer’s travel booking portal, which functions like an online travel agency. Some cards also allow you to apply points as statement credits against past travel expenses, giving you flexibility in how you book your trips.
Another common option is transferring points to airline or hotel partners. This can unlock premium redemptions such as business class flights or luxury hotel stays, but it's important to check the transfer rates to ensure you're getting good value.
Redeeming airline or hotel rewards
For airline miles and hotel points, redemption is usually done directly through the loyalty programme’s website. For example, if you hold the Maybank World Mastercard, you can redeem TREATS Points for flights or hotel stays with participating partners. Keep in mind that some programmes impose restrictions, such as blackout dates or limited availability for reward bookings. Booking early and being flexible with your travel dates can help you secure the best deals.
What to consider when choosing a rewards credit card?
With so many rewards credit cards available, choosing the right one can feel overwhelming. But by assessing your spending habits and understanding how rewards work, you can make an informed decision that maximises your benefits.
Match your card to your spending habits
Before applying for a rewards credit card, consider whether it’s the right fit for you. The best rewards cards typically require good to excellent credit, and approval often depends on your income and credit history.
A rewards card is most beneficial if you pay off your balance in full each month. Carrying a balance? The interest charges may cancel out any rewards earned, making a low-interest credit card a better option.
Earning vs. redeeming rewards
A good rewards card should work for you in two ways — how you earn and how you redeem. That means choosing a card that rewards your most frequent spending categories and offers redemption options that suit your lifestyle.
For example, if you spend a lot on groceries and dining, a cashback card with high rewards in those categories would be ideal. But if you travel frequently, a card that earns miles or hotel points might offer greater value. A rewards card that doesn’t match your spending habits may leave you with rewards you struggle to use.
There’s no one-size-fits-all best card
The best rewards card for one person may not be ideal for another. Some people prefer a straightforward, flat-rate cashback card, while others value premium perks and privileges. If you’re unsure which type suits you best, cashback cards are a good starting point, as they offer easy-to-redeem rewards with no travel restrictions.
Comparing rewards credit cards: What to look for
Choosing the right rewards credit card isn’t just about picking the one with the highest rewards rate. Other factors, such as fees, sign-up bonuses, and extra perks, can significantly impact the overall value of the card. Here’s what to look out for when comparing your options.
Annual fee
Many of the best rewards credit cards charge an annual fee, especially premium travel cards. However, they may be worthwhile if the card’s benefits — such as free lounge access, complimentary hotel stays, or accelerated rewards — outweigh the cost. Some cards also waive the annual fee for the first year, making them more accessible for new users.
If you’re looking for a no-fee option, cashback cards and entry-level rewards cards typically don’t charge an annual fee, though they may come with lower rewards rates and fewer perks.
>> READ: Good travel cards with no annual fee
Sign-up bonus
A welcome offer can provide an extra boost when you first get a credit card, often in the form of bonus miles, points, or cashback after meeting a spending requirement. While sign-up bonuses can be lucrative, always check the spending condition — higher bonuses often require significant spending within the first few months.
If you’re not planning to make large purchases, consider a card with a lower spending requirement, so you can unlock the bonus without unnecessary expenses.
>> READ: Best mile cards with sign-up bonuses
Interest rates and costs
While rewards cards offer valuable perks, they often come with higher interest rates compared to standard credit cards. If you don’t pay off your balance in full each month, the interest charges could outweigh the value of your rewards.
Foreign transaction fees
If you often shop online from overseas merchants or travel abroad, a card with no foreign transaction fees can save you money. Most credit cards charge around 3% on foreign currency transactions, which can add up quickly. Travel rewards cards often waive this fee, making them a better choice for frequent travellers.
>> READ: Foreign transaction fees and which cards don’t have them
Perks and rewards
Rewards cards aren’t just about earning cashback or miles — they also come with valuable perks. These may include:
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Travel benefits. Free airport lounge access, priority boarding, complimentary hotel stays, and automatic travel insurance. Find out more about travel credit cards.
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Dining discounts. Exclusive restaurant deals, free appetisers, or 1-for-1 dining offers at partner establishments. Learn which are the best dining credit cards in Singapore.
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Retail privileges. Cashback at specific brands, VIP shopping experiences, or extended warranties on purchases. Learn more about the best shopping credit cards to have.
The benefits and cons of rewards credit cards
Benefits
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Make every dollar work for you. Instead of spending without returns, a rewards credit card allows you to earn cashback, miles, or points on your everyday expenses. Over time, these rewards can translate into savings on flights, shopping, or dining.
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Unlock premium travel experiences. Travel rewards cards can help you enjoy business class flights, free hotel stays, and priority airport services at a fraction of the usual cost. Some also offer complimentary travel insurance for added peace of mind.
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Extra protection and perks. Many rewards cards include purchase protection, extended warranties, and even travel coverage that can reimburse you for trip cancellations, lost luggage, or rental car damage. These benefits often come at no additional cost.
ConsThe maximum you can win is S$2,500, even if 50% of your salary is higher than this amount.
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High interest rates. Rewards credit cards usually have higher EIRs than standard credit cards. If you carry a balance, interest charges may quickly outweigh any rewards earned. It’s best to use these cards only if you can pay off your balance in full each month.
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Annual fees can eat into rewards. If the annual fee is too high and you’re not fully utilising the benefits, you may end up spending more than you save. Always weigh the value of the card’s perks against its cost.
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Complex reward structures. Some rewards programmes require careful planning to maximise benefits. If you don’t want to keep track of rotating categories, spending thresholds, or airline transfer partners, a flat-rate cashback card may be a better fit.
Maximising your rewards credit card
Use your card for everyday spending
The best way to make the most of your rewards card is to use it for regular expenses, such as groceries, dining, and utility bills. This helps you accumulate points, miles, or cashback effortlessly. If your card offers a sign-up bonus, ensure you meet the minimum spending requirement without overspending — chasing rewards shouldn’t come at the cost of financial discipline.
Pair cards strategically
Consider using multiple cards to optimise your rewards. A dining card may offer high cashback or points for meals, while a travel card could provide free checked bags and priority boarding. Using the right card for the right category ensures you get the most value out of your spending. If you’ve just signed up for a new card, focus your spending on it first to unlock any welcome offers.
Redeem rewards wisely
Not all redemptions offer equal value. With travel cards, redeeming points for flights or hotel stays typically provides better returns than converting them into cashback. Cashback cards often give the best value when used as statement credits rather than for vouchers. If your card allows you to transfer points to airline or hotel partners, check the conversion rates to ensure you're getting the most from your rewards.
Take advantage of additional perks
Beyond earning rewards, many credit cards offer valuable perks such as airport lounge access, complimentary travel insurance, or discounts on dining and entertainment. If your card includes benefits like free checked baggage or travel credits, using them can easily offset the annual fee. Be sure to explore all the perks available to maximise your card’s value.
Other rewards cards to consider
Rewards credit cards cater to different spending habits and lifestyles, so the best option depends on how you use your card. While this guide highlights top picks in each category, there may be a better fit for you. Explore more options in our dedicated roundups:
Frequently asked questions about rewards credit cards
Rewards credit cards allow you to earn points, miles, or cashback on your everyday spending. Every purchase you make earns a percentage back in rewards, which can be redeemed for travel, statement credits, vouchers, or other perks. Some cards offer flat-rate rewards on all spending, while others have bonus categories that give higher rewards for specific types of purchases, such as dining, groceries, or travel.
Credit card rewards can be redeemed in various ways, depending on the card and issuer. Common redemption options include:
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Cashback (as statement credits or bank deposits)
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Travel bookings (flights, hotels, car rentals)
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Shopping vouchers or gift cards
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Airline miles and hotel loyalty points
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The number of points you can earn depends on your card’s rewards structure and your spending habits. Some cards have unlimited earning potential, while others cap the number of points you can earn within a specific period or category. If you frequently spend in bonus categories like dining or travel, you may accumulate points faster than with a flat-rate rewards card.
The value of credit card rewards varies by card and redemption method. Typically:
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Cashback is valued at S$1 per S$1 redeemed.
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Travel redemptions can vary but generally range between S$0.01 to S$0.02 per point.
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Airline miles and hotel points have fluctuating values depending on availability and demand.
To maximise value, check the redemption rates and compare options before redeeming your rewards.
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Singapore does not use a standardised credit score system like some other countries. Instead, banks and financial institutions assess applicants based on factors such as income, credit history, and existing debt obligations. Generally, higher-income applicants with a strong credit repayment history are more likely to qualify for premium rewards credit cards.
In Singapore, credit card rewards are generally not considered taxable income, as they are classified as rebates or incentives rather than earned income. However, if you receive rewards as part of a business expense rebate or cashback promotion, you may need to check with the relevant authorities or your tax advisor for clarification.
It depends on the credit card issuer. Some rewards points never expire, while others have an expiration period, typically ranging from one to five years. Travel rewards such as airline miles or hotel points may also have different expiry policies, so it’s best to check with the issuer and redeem your points before they lapse.
Some rewards credit cards impose a cap on the maximum rewards you can earn within a specific period (e.g., per month, quarter, or year). Others have unlimited earning potential but may apply restrictions to certain bonus categories. Always check the card’s terms and conditions to understand any limits or caps on rewards accumulation.
Most banks and card issuers allow you to redeem rewards through their online banking portals, mobile apps, or customer service hotlines. Redemption options typically include statement credits, travel bookings, shopping vouchers, or converting points to partner loyalty programs. Some issuers also offer instant redemption at selected merchants.
The best choice depends on your lifestyle and spending habits. Cashback is straightforward and can help offset your monthly expenses, making it ideal for those who prefer simplicity. Travel rewards, on the other hand, can offer greater value when redeemed strategically, particularly for flights and hotel stays. If you travel frequently, a miles-earning card may be a better fit, while cashback cards are great for everyday savings. Read more here: Cashback or rewards cards.