Credit Cards

3 Best Cash Back Credit Cards in Singapore

cashback credit card

Peter Lin



Money doesn’t grow on trees, but with the number of cashback credit cards in Singapore, it sure feels like it. Instead of the reward points system that many cards offer, cashback credit cards give you a cash rebate. Cash rebates work much better than rewards points because they usually don’t expire, and you don’t have to redeem them for vouchers that will just force you to spend more!

Citi Cash Back Card HSBC Advance Card DBS Live Fresh Card
Basic Cashback 0.25% 1.5% 0.3%
Bonus Cashback  7.75% (Dining, Grab, Petrol, Groceries) 1% (for spending above $2,000/month)

1% (for HSBC Advance account holders)

4.7% (online/app/Visa payWave transactions)
Min. Spend (per month) $888 None $700
Cashback cap $25 per category (on bonus cashback) $125 (HSBC Advance account holders) or,

$70 (Non-account holders)

$60 (for bonus online/app/payWave cashback)

Because there are almost as many cashback credit cards in Singapore as beauty queen hopefuls, it may seem like none of them truly stand out. However, you just need to look at your own lifestyle and spending habits to find out which credit card will give you the most cashback rebates without any inconvenience to you. Here are three of the best cashback credit cards in Singapore, in no particular order:


1. For the busy executive – the Citi Cash Back Card

Citi Cash Back Card

Citi Cash Back Card

Card Benefits

  • Get S$120 Cashback
  • MoneySmart Exclusive! - Free S$100 CapitaVouchers
  • 8% cash back at food & beverage outlets, supermarkets, food & groceries delivery (including Foodpanda, Deliveroo, honestbee, RedMart) and Grab rides globally
  • Up to 20.88% at Esso and Shell, and 8% Cash Back at other petrol stations
  • Total minimum retail spend of S$888/statement month, 8% cash back capped at S$25 per category (Dining, Grab rides valid till 6 Apr 2018, Groceries, Petrol). For retail spend less than S$888 and/or other retail spends, 0.25% cash back is awarded, no cap on 0.25% cash back earned

If you’re looking for the highest all-round cashback rates in Singapore, look no further that the Citi Cash Back Card. With 8% cashback rebates for all the major spending categories like dining and groceries, it’s a must-have for anyone who can meet the card’s minimum spending requirement of $888 a month.

The Citi Cash Back Card also gives you:

  • Up to 20.88% savings at Esso and Shell, with 8% cash back for all other petrol stations
  • 8% cash back on all Grab rides (until 6 April 2018)
  • 8% cash back on selected food delivery and online grocers, too!

It’s the perfect cashback credit card if you’re often busy in the office with no time even to head out for lunch. And if you find yourself travelling often, whether for work or play, you’ll be happy to know that these cashback rebates apply when you use the Citi Cash Back Card overseas as well.

Things to note: As we mentioned earlier, the Citi Cash Back Card requires you to spend a minimum of $888 each month to qualify for the extra bonus cash back. Though this should generally not be a problem for a high-flying executive, do note that if you don’t meet the spending requirement, you’ll only earn the base cash back of 0.25%. Do note that while there is no overall cap on how much you can earn, the bonus cash back is capped at $25 per category, per month.

Sign-up bonus: From now till 31st January 2018, you can get $100 worth of CapitaVouchers if you apply for the Citi Cash Back Card exclusively through MoneySmart.


2. For the family breadwinner – the HSBC Advance Card

HSBC Advance Credit Card

HSBC Advance Credit Card

Card Benefits

  • Get an American Tourister Caravan 70cm TSA luggage (worth S$260) + $20 Cash Back
  • 5% Cash Back on Online Spends
  • 1.5% Cash Back on all purchases with no minimum spend / 2.5% Cash Back on all purchases with $2,000 minimum spend per month. Capped at $70 per month
  • For HSBC Advance banking customers: 2.5% Cash Back on all purchases with no minimum spend / 3.5% Cash Back on all spend with S$2,000 minimum spend per month. Capped at S$125 per month
  • 1st year principal card annual fee waiver for non-HSBC Advance banking customers / Perpetual principal card annual fee waiver for HSBC Advance banking customers
  • Perpetual supplementary card annual fee waiver

Anyone raising a family knows that expenses can sometimes come from the most diverse places. You therefore want a credit card that can reward you for shopping for household necessities, buying new furnishings online, sending the children for courses or just taking family holidays. Consider the HSBC Advance Card, which gives you up to 3.5% cash back each month.

Not surprisingly, the HSBC Advance Card works best if you are a HSBC Advance banking customer. Not only do you enjoy the highest cash back, you also enjoy:

  • Perpetual annual fee waiver on both primary and supplementary cards
  • Attractive HSBC banking offers
  • Up to 200 dining, lifestyle and travel offers for HSBC cardholders, including 16% petrol discount at Caltex and Shell

To be a HSBC Advance banking customer is easy – you just need to open a salary crediting or occurring deposit of $3,500 with HSBC. It’s that simple.

Things to note: There is a monthly cap on the cash back you can earn. For HSBC Advance banking customers, it’s $125. That means you would need to spend more than $3,600 on this credit card in a month to exceed the cashback rebates cap.

Sign-up bonus: From now till 28th February 2018, you can get an American Tourister Caravan 70cm TSA Luggage (worth $260) and up to $40 in cashback if you apply for the HSBC Advance Card exclusively through MoneySmart.


3. For the online shopper – the DBS Live Fresh Card

DBS Live Fresh Card

DBS Live Fresh Card

Card Benefits

  • Online Exclusive - Up to S$100 Cashback
  • Up to 10% cashback
  • Win a customised Nike Air Force 1 sneaker and G-Shock Watch by SBTG
  • Win a 5D4N trip to Moscow to watch the FIFA World Cup live
  • Win S$88 with PayLah!
  • 5% cashback on online shopping and when you pay using Visa payWave, Apple Pay, Samsung Pay or Android Pay through your Card
  • Additional 5% cashback for the first 6 months with S$600/month min. spend when signing up within 8 Jan - 31 Mar 2018, Cashback cap at S$60/month
  • Lazada: 20% off storewide for new shoppers with ‘DBS2017’; Valid till 31 Dec 2018
  • Expedia: 20% off eligible hotel bookings with ‘DBS10EXP’ at checkout; Valid till 31 Jan 2019, and travel till 30 Apr 2019
  • Base rate: 0.3% on all other spend

It’s not surprising that some of us find that more and more of our monthly transactions happen online. Whether it be shopping at online marketplaces, making food delivery orders, taking Grab or Uber, or even buying mobile apps and games on iTunes or the Google Play Store, it’s easy to spend money online. So why not get rewarded for it too? In 2018, the DBS Live Fresh Card gets a new look, and officially becomes the best cashback credit card for online shopping in Singapore.

The DBS Live Fresh Card now gives you:

  • 5% cash back on all eligible online transactions, and
  • 5% cashback rebates on all Visa payWave transactions

Things to note: There is a minimum spend requirement of $600 a month. If you don’t meet that requirement, you will not earn any bonus cashback for that month. There is also a monthly cap of $60 for bonus cashback, so remember not to spend more than $1,200 on the card.

Special Privileges: If you have not applied for the DBS Live Fresh Card before, what are you waiting for? New cardholders can now earn an additional 5% bonus cashback if they apply for the card from now till 31 March 2018. That’s an unbeatable 10% cashback for online and Visa payWave transactions.


Some more things to note:

The smart cashback credit card user will mix and match the above cards according to their needs. Here are some more tips on how to maximise your cashback credit card benefits.

Of course, with all credit cards, your cashback rebates aren’t worth anything if you’re not making payment in full each month. So always make sure to spend within your means.

What is your favourite cashback credit card? How much have you saved in a month using that card?


Want to see more of the best cashback credit cards in 2018? Check out this article here:

The Best Cashback Credit Cards in Singapore 2018

Keep updated with all the news!

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Peter Lin

I am the poster boy for reinventing one's self. I've been a broadcast journalist, technical writer, banking customer service officer and a Catholic friar. My life experiences have made me the most cynical idealist you'll ever meet, which is why I'm also the co-founder of a local pop culture website. I believe ignorance is not bliss, and that money is the root of all evil only if you allow it to be.

  • jermyn wee

    Correction! Frank card has $500 minimum spend for the 6% cash rebates, and a monthly rebate cap at $60

  • Roy

    Lol I’m surprised there’s 1 card not mentioned here.

    It’s quite gullible for most people to think that “oh only cashback cards can be used for cashbacks”… because there are other ways to receive cashbacks/cash credits.

    Based on your situational spending cut-offs (I haven’t done a full sweep on all alternatives) on my card (which is non-exclusive membership too if I could add) that gives over $10 per $500 spent, Just under $40 cashback on $1500 spent, and just under $80 cashback on $3000 – [[on all purchases, not restricted to online shopping ]]

    tl;dr – This card is a straight-up 2.5%-no-cap rebates card. And you don’t even know it, because it’s not directly marketed as a cashback card.

    Anyone care to guess? =D =D

    • Cedric

      Please share? Thanks man!

      • Roy

        MH has got it right! You sure did your work! Well it might be a stretch to obtain, but here we are talking about *best* cash rebates/cashbacks from any cards, no? Besides, this article speaks so highly of Amex but they die die also never ever granted me a fee waiver

        …..Now you deduct their $171 fees off your cashbacks you’ll find the benefits chomped away.

        But yes I agree with MH that the ocbc 360 account is really the next best thing above cashbacks: interest! Exploit the 3% annual interest on the 3 easy-to-meet conditions! I’ve yet to study and compare Frank though. But I’m more of a miles person hence I’d choose Citi Rewards over other cards for online shopping for the 4miles/$ rate.

        • Cedric

          thks roy and mh!

    • MH

      You are referring to the ANZ Travel Visa Signature which gives 2.54% rebate if you use the accumulated airlines to redeem a cash credit. It is a good card, however the $60,000 pa salary requirement is a bit hard for most people to qualify for.

      I only can speak for myself, but I think most young working adults around my age would benefit best from the OCBC Frank Card. 6% rebate for online purchases (with min $500 spent in a month) is a huge rebate. Airline tickets and hotel accomm also qualifies for the 6% rebate, which is a huge plus!

      I did a small review about it before.

    • omeprazolel

      I used my Maybank card to buy air tickets at $2,055.30 but I got only $6.16 cash back. How come you spent $1,500 can get $40 cash back? This means, I gotta give up this lousy May Bank card.

  • Edison

    2 questions/considerations I have:

    1. Do most vendors in Singapore accept AMEX cards like the True Cashbard card as much as Visa/Mastercard cards?

    2. If Helena can reliable spend at least $500 bills every month (closer to $300/$800), would UOB One Card be a better card?

    • Great questions, Edison.

      1. While AMEX is not as popular among merchants compared to Visa and Mastercard, there are still many places in Singapore, including grocery chains, department stores and restaurants that do accept AMEX.

      2. The UOB ONE Card requires a minimum spending amount as well as a minimum number of transactions each month for three months before you can earn the rebates. Missing out on either requirement would mean you get NO cashback rebates for three months. If your credit card expenditure is “reliable”, the UOB ONE Card can give you more rebates (as stated in the article above). But it really only takes one less transaction to lose all your rebates for three months. So it depends on your definition of “better”.

  • Christopher Colombus Chua

    Your facts and figures are totally right, but i would like to defend the negatives of the UOB One Card. This card is special because it gives you 3.33% cash back on ANYTHING, and not on specific products, merchants etc

    For scenario 3, the Citi Dividend already loses out because it has needs to be used for a specific purpose, i,e fuel, groceries. This is subjective, assuming she does not drive and does not do heavy grocery shopping.

    In the world of “Credit-Card Skepticism”, this post might mislead people into thinking that the above mentioned “top 3 (good)” cards are the must haves. Again, it depends on what you are looking for and what suits your lifestyle best. cheers

    • Thanks for your comments, Christopher!

      In terms of the AMOUNT alone, the UOB ONE Card does have a better rebate – as demonstrated in the comparison. But it is also “subjective”, because it assumes that she is able to meet the minimum spending and minimum number of transactions each month for three months. If she does not meet either of the criteria, she either gets a lower rebate or does not get any rebate AT ALL for those three months.

      But we definitely agree with you that you should pick a credit card that suits your lifestyle best!

  • Wilbur

    I use a combination of cards:

    1. ANZ Optimum World MasterCard – no cap, no minimum. 5% rebate for your choice of one the category a) dining/leisure, b) travel, c) shopping d) groceries each quarter. I use mainly for weekday dining+ movie at Shaw (Rare mastercard with good cash rebate, which also allow you to get free popcorn combo if pay via Masterpass for Shaw). Alternatvely, use for shopping, 5% at any fashion store (less departmental store) is huge!

    2. OCBC 365 for 6% rebate for weekend dining (Note no 6% for dining at hotel), 3% for overseas dining, minimum $600 spending per month though. Adds 1% interest to my OCBC 360 bank account.

    3. OCBC Frank for 6% rebate for online purchase and Nets flashpay ATU (2 times per month ie 2x$50), minimum $500 spending per month though. Also rebate capped at $60 per month. Use for air tickets, holiday package, furnishing, paying of M1 bill at M1 website each month, payment using flashpay at iNets kiosk. Adds 1% interest to my OCBC 360 bank account.

    4. SingPost Platinum Visa Credit Card for 7% rebate for online purchase and 6% groceries, minimum $500 spending per month though. Also rebate capped at $50 per month. (terms changing to min$600, rebate cap $60 and 2% groceries on Jul 2015)

    5. Citi SMRT for groceries (up to 7.3%), popular bookstore (up 5%), toys ‘R’ us (up 5%).See the official website for the fine prints.

    6. HSBS cards for GV moviepass

    7. Imagine prepaid AMEX for 7% rebate for MRT/bus

    8. BOC unionpay card for 20% off takashimay, BHG, OG, Tangs (till 31 March 2015). After 31 Mar will using BOC Shop card for 6% rebate for online shopping and departmental store, minimum $500 spending, limit $100 rebate per month

    9. UOB One or Maybank Visa Plat, for 3.33% rebate for other purchases and overseas spending (dining using OCBC 365), but need to carefully plan to spend the amounts for the various tiers for each month in a quarter. Also need at least 3 transactions each month. Use for paying of bill over the counter at Singapore Powers (FYI somerset branch has closed), use for topping up of my Imagine Amex prepaid. UOB One also gives additional rebate in terms of cash value on the card at certain stores, so it is preferred over the Maybank Visa Plat.

    10. Manhatten Card/ Manhatten World card for big item spending above $3000. Rebate capped at $200 per quarter for each card. If you have both Manhatten Card and Manhatten World card they will be treated to be 2 separate accounts for rebates.

    11. I have the CIMB platinum mastercard for 3.8% rebate on insurance, education and home furnishing and appliances, but find it quite cumbersome to use. Eg So far only made one-time first premium payment to Prudential, CIMB card cannot be used for recurring payment to Prudential. So far only know NTUC income accept credit card payment also; AIA, manulife, great eastern etc don’t accept credit card payment. Need at least $500 per transaction, the additional 3.3% rebate (over the basic 0.5%) is capped at $50, need at least 3 transactions.

    Hope this is useful. Pls see how to make this even more optimised.

    • Jeff

      you deserve a metal….

  • Low Linhui

    Hello, thanks for the info – probably going to sign up for a FRANK card but what do you think about cashback sites like ShopBack? There’s no min spending unlike cards so do you know if I will be able to get cashback on both? ShopBack is giving 16% cashback on merchants like Zalora so seems like a good deal if I can get both.

  • tay huiling

    Hi I think you got it wrong. The ANZ world optimum card has a max. cash rebate per Retail spend of $30. e.g. assuming your expenditure qualifies for the 5% rebate. Only the first $600 of each expenditure will qualify for the 5%, any additional value beyond that the rebate is forfeited. This is bad especially if you select Travel and are buying expensive air tickets.

    True story, I bought $2200 worth of air tickets thinking that the ANZ card will give me $110 cash rebate back. Wrong, they only gave me $30 rebate for that $2200 spend saying that the rebate amount per spend is capped. It is a tiny clause in their terms and conditions. Terribly false advertising!! This is despite the claim that there is “No limit on your cash rebate earnings”

    • Peter Lin

      Hi Huiling,

      Thanks for your feedback! Yes, you are right, there is unfortunately a rebate cap of $30 per transaction. As you said, this is not ideal if you are making a transaction of more than $600, such as buying expensive air tickets.

      However, that being said, there really is no limit to the number of transactions or the amount of cash rebates that you can earn per month on the ANZ Optimum World MasterCard.

  • Aliim Khamis

    What do they mean by 3 transactions per month for the UOB ONE card? Must it be ONLY 3 transactions that amounts up to $500? So if I charged a whole lot of small spendings over the course of the month to get a total billing of $500, that wouldn’t count? Sorry if the question seems dumb. Planning on getting my first credit card.

    • Peter Lin

      Hi Aliim,

      Thanks for your question! It just means that you have to use the UOB One Card at least 3 times a month. You can make a lot of small purchases over the month to reach the minimum of $500. Do use our credit card comparison site to help you find the best credit card for your needs!

  • omeprazolel

    I used my Maybank card to buy air tickets at $2,055.30 but I got only $6.16 cash back. How home you spent $1,500 can get $40 cash back? This means, I gotta give up this lousy May Bank card.