6 Best Credit Cards for Retirees in Singapore (2025): Everyday Cashback, Earning Miles, and More

Think retirees can’t apply for credit cards? Think again. As long as you meet the basic eligibility criteria, there are plenty of excellent credit card options in Singapore, even if you’re no longer drawing a monthly salary.

So, if you’re ready to enjoy your golden years with a little extra convenience and reward, here are my top picks for retirees. I’ve focused on 3 main categories:

1. Rewards on essentials and everyday spending: Retirees tend to spend more on things like groceries, dining, and daily needs, so it makes sense to get rewarded for the purchases you’re already making.
2. Travel perks and flexibility: Retirement is the perfect time to travel or visit loved ones, and a card with great travel benefits like lounge access and high miles per dollar (mpd) earn rates can make your trips even better.
3. Annual fee waiver or low fees: Skip the hassle of having to call the bank for annual fee waivers. Cards with low or automatic annual fee waivers mean one less thing to worry about.

Ultimately, these cards are designed to be both rewarding and hassle-free. Who wants to toil further after decades of being a corporate slave? It’s time to kick back, relax, and let these credit cards work for you.

 

Best cashback and miles credit cards for retirees in Singapore (2025)

1. TL;DR
2. CIMB Visa Signature—for cruising through retirement with no annual fee
3. NTUC Link Credit Card by Trust—for everyday savings with no annual fee
4. Maybank Family & Friends Card—for flexible, personalised rewards in Singapore and the region
5. POSB Everyday Card—for cashback on groceries, dining, pets, Malaysia spending, and more
6. Citi PremierMiles Card—for miles that never expire
7. UOB PRVI Miles Visa Card—highest earn rates for miles chasers

 

TL;DR

Credit card	Best for	Key features	Minimum spend	Annual fee
Best for everyday spending
CIMB Visa Signature	Online shoppers, cruise lovers, wellness and pet spenders	10% cashback on 5 categories, capped at $20 per category	$800/month	None
NTUC Link Credit Card by Trust	Everyday shoppers, FairPrice regulars	Up to 21% rebates at FairPrice, Unity, Kopitiam	$700/month	None
Best for everyday spending + regional travel
Maybank Family & Friends Card	Customisers, Malaysia/Indonesia travellers	8% cashback on your chosen 5 categories (e.g. groceries, dining, petrol, streaming), works in Malaysia and Indonesia	$800/month	Waived 3 years; waived after with $12,000 spend/year
POSB Everyday Card	All-rounders who want broad cashback	Up to 10% on food delivery and Malaysia spend, 5% Sheng Siong, 3% pets, 21% SPC fuel savings	$800/month	$196.20 (first year waived)
Best for global travel
Citi PremierMiles Card	Travellers who want flexible, long-term miles	– 1.2 mpd local – 2.2 mpd overseas, – Up to 10 mpd (Kaligo) – Miles never expire – 2 lounge visits/year	None	$196.20 (first year waived)
UOB PRVI Miles Visa Card	Frequent travellers, miles chasers	– 3 mpd in region – 2.4 mpd overseas – 1.4 mpd local – 4 lounge visits/year – Complimentary travel insurance	None	$261.60 (first year waived)

 

1. CIMB Visa Signature—for cruising through retirement with no annual fee

Perfect for: Retirees who love online shopping, pampering themselves, and spoiling their pets, or are planning their next cruise getaway.

Do you see yourself doing online shopping and spending on beauty and wellness in your retirement? Or perhaps you’ll alternate going on cruises with cooking at home, accompanied by a furry friend?

If you answered yes to either or both of those, the CIMB Visa Signature is right up your alley. This card gives you 10% cashback on five lifestyle categories: Beauty & Wellness, Online Shopping, Groceries, Pet Shops & Veterinary Services, and Cruises.

To enjoy the full cashback, you’ll need to spend at least $800 per statement month. Cashback is capped at $100 total per month, with a maximum of $20 cashback per category.

You’ll also receive complimentary travel insurance of up to $500,000 for worry-free trips. Plus, there’s no annual fee for life—including up to 4 supplementary cards.

Why this card is great for retirees:

1. High cashback on lifestyle essentials: 10% on popular retirement spending categories—wellness, groceries, online shopping, pets, and cruises.
2. Complimentary travel insurance: Up to $500,000 coverage for peace of mind on holidays and cruises.
3. No annual fees: Enjoy savings and zero admin, with fees waived for up to 4 supplementary cards.

What to watch out for:

1. Minimum spend required: You’ll need to hit S$800 each month to get the full 10% cashback.
2. Category and overall cashback cap: Cashback is limited to $20 per category per month, and $100 total per month.
3. Limited bonus categories: Only specific categories qualify for the 10% rate; other spending earns just 0.2% cashback.

 

2. NTUC Link Credit Card by Trust—for everyday savings with no annual fee

Perfect for: Retirees who frequent FairPrice Group merchants and want everyday savings with zero fuss (no annual fees here!).

If you shop regularly at FairPrice, the NTUC Link Credit Card by Trust is a must-have—especially for retirees who want to maximise every dollar. This card has $0 annual fee, $0 foreign transaction fee (even waives the usual 1% Visa charge), and $0 cash advance fee.

Instead, it showers you with Linkpoints (up to 21% savings) every time you spend at FairPrice Group (FPG) merchants, including supermarkets, Unity pharmacies, and Kopitiam food outlets. Linkpoints are widely accepted, not just at FairPrice but also with partners like Caltex, Cathay Pacific, and more—giving your everyday rewards real flexibility.

There’s a catch: To unlock the full 21% savings, you need to (1) be a FairPrice member, and (2) spend at least $700 a month for 3 consecutive months. But even if you don’t max out both, the returns are still extremely attractive.

Here’s a summary of what you’ll earn based on your monthly spend and membership status:

Reward tier	$350/month Non-member	$350/month FairPrice member	$700/month Non-member	$700/month FairPrice member
Base rate	0.5%	2.5%	0.5%	2.5%
Monthly bonus	4.0%	4.0%	4.0%	4.0%
Quarterly bonus	6.5%	6.5%	12.5%	12.5%
Annual bonus	0%	0%	0%	2.0%
Total savings	11%	13%	17%	21%

Why this card is great for retirees:

• No annual fee: No need to waste time calling the bank for waivers.
• Superb savings on essentials: Get high rebates on groceries, medical, and food spend—everyday categories where retirees spend the most.
• Easy, flexible rewards: Linkpoints are simple to use and can be redeemed instantly at many major retailers.

What to watch out for:

• Maximum savings require 3-month commitment: To unlock the full 21% savings, you’ll need to be a FairPrice member and hit $700 monthly spend for 3 consecutive months—otherwise, your rebate will be lower.
• Minimum spend requirement: The monthly and quarterly bonuses require you to spend a certain amount outside of FairPrice Group merchants as well.
• Annual bonus is once per year: That extra 2% is awarded only once yearly and capped, so it’s not an ongoing monthly perk.

 

3. Maybank Family & Friends Card—for flexible, personalised rewards in Singapore and the region

Perfect for: Retirees who want to customise their cashback to match their unique lifestyle and travel across the region.

The Maybank Family & Friends Card is all about flexibility. Unlike most cards, you get to pick 5 out of 10 possible cashback categories that fit your retirement lifestyle—whether that’s groceries, dining, retail therapy, online shopping, beauty, wellness, transport, petrol, or even streaming and mobile bills. You’ll earn up to 8% cashback on these categories, both locally and overseas, plus 8% cashback on spending in Malaysia (MYR) and Indonesia (IDR).

Here’s a quick look at how the cashback works:

Spending category	Cashback rate	Minimum spend	Monthly cap
Your choice of 5 categories (see below)	8%	$800/month	$25 per category, $125 total
MYR & IDR spend (in Malaysia & Indonesia)	8%	$800/month	$25
All other spend	0.3%	None	None

Eligible cashback categories (choose 5):

• Groceries (including online)
• Dining & Food Delivery
• Transport & Petrol (including SimplyGO, Grab)
• Retail & Online Fashion
• Beauty & Wellness
• Data communication & online streaming
• Family (select baby/kids, medical, education spend)
• Pets
• Education

Get more details on these categories in our full Maybank Family & Friends Card Review.

Why this card is great for retirees:

1. Customisable to your lifestyle: Pick cashback categories that actually fit your spending habits—no wasted perks.
2. Straightforward cashback mechanism: The cashback you earn will be automatically credited to your card account to offset your next bill.
3. Long fee waiver: No annual fee for the first 3 years, and it’s possible to keep it free with regular use—spend $12,000 a year for automatic waiver.

What to watch out for:

1. $800 minimum spend to unlock 8%: If your total spend falls below $800/month, cashback rate drops.
2. Monthly cashback caps: Maximum $25 cashback per category, and $125 total per month.
3. Annual fee after waiver period: $196.20 unless you hit the yearly minimum spend of $12,000 for fee waiver.

 

4. POSB Everyday Card—for cashback on groceries, dining, pets, Malaysia spending, and more

Perfect for: Retirees who want cashback on all their daily essentials—groceries, dining, shopping, food delivery, pet supplies, public transport, and even across the Causeway.

The POSB Everyday Card lives up to its name, offering broad-based rewards for Singaporeans who want to save on nearly every aspect of daily life. Whether you’re shopping at Sheng Siong, treating your pet at Pet Lovers Centre, stocking up at POPULAR, or even dining and shopping in Malaysia, this card offers cashback for almost every scenario.

You’ll enjoy solid, no-minimum-spend rebates on Sheng Siong and SPC, while higher bonus rates (up to 10% total!) are unlocked when you hit $800 total spend per month. Overall SPC fuel savings remain some of the best around—up to 20.1% with all discounts stacked.

Here’s a quick overview of the key cashback rates and requirements:

Spending category	Cashback rate	Minimum spend	Monthly cap
Sheng Siong	5%	None	$20
SPC (fuel, after discounts)	6% (part of up to 20.1% total fuel savings)	None	None
Pet Lovers Centre (regular-priced items)	3%	$15 per receipt	None
POPULAR (in-store/online)	0.3% base + 4.7% bonus (total 5%)	$800 (for bonus)	$20 (bonus cap)
Online shopping (Amazon, Shopee, Lazada, etc.)	0.3% base + 4.7% bonus (total 5%)	$800 (for bonus)	$20 (bonus cap)
Dining (offline/SG, bonus rate)	0.3% base + 4.7% bonus (total 5%)	$800 (for bonus)	$20 (bonus cap)
Online food delivery (foodpanda, Deliveroo)	0.3% base + 9.7% bonus (total 10%)	$800 (for bonus)	$20 (bonus cap)
SimplyGo (bonus)	0.3% base + 9.7% bonus (total 10%)	$800 (for bonus)	$20 (bonus cap)
In-store spend in Malaysia (MYR, bonus)	0.3% base + 9.7% bonus (total 10%)	$800 (for bonus)	$20 (bonus cap)
Offline dining spend in Malaysia (MYR)	5%	$800	$20
All other eligible spend	0.3%	None	None

Source: POSB Everyday Card T&Cs

Note: All rebates are awarded as Daily$, at a rate of Daily$1 = $1.

Why this card is great for retirees:

1. Covers practically all bases: Cashback on everything from groceries and pet supplies to dining, transport, and even Malaysia shopping or dining.
2. No minimum spend for key essentials: Earn cashback at Sheng Siong on any spend, even small ones.
3. High savings on delivery, fuel, and transport: Get 10% cashback on food delivery and SimplyGo, plus up to 20.1% savings at SPC with no hoops to jump through.

What to watch out for:

1. $800 minimum spend for bonus categories: You’ll need to hit $800 in total monthly spend to unlock most of categories’ bonus rebates.
2. Monthly caps on bonus categories: Bonus rebates are capped at $20 per month per category for most.
3. Annual fee after first year: $196.20 for the main card, $98.10 for supplementary cards.

 

5. Citi PremierMiles Card—for miles that never expire

Perfect for: Retirees who want to travel at their own pace and never worry about their miles expiring.

The Citi PremierMiles Card is a top pick among travellers who value flexibility. With this card, your miles never expire—so you can save up for that dream holiday, whether it’s next year or five years from now. Earn:

• 1.2 miles per dollar spent locally 
• 2.2 miles per dollar on overseas spend (including both retail and online transactions in foreign currency)
• Up to 10 miles per dollar for bookings with Kaligo
• Up to 7 miles per dollar with Agoda’s bonus miles promotions

There’s no minimum spend or cap on miles earned. The annual fee is $196.20 (waived the first year), but you’ll receive 10,000 renewal miles each year and 2 complimentary airport lounge visits to help sweeten the deal. For large expenses like rent or insurance, you can use Citi PayAll to rack up even more miles.

Why this card is great for retirees:

1. Miles never expire: Save up your miles for as long as you like, with no pressure to redeem quickly.
2. No minimum spend or cap: Earn miles on any amount, big or small, every month.
3. Travel perks and lounge benefits: Earning miles aside, you get to enjoy 2 complimentary lounge visits a year under your Priority Pass membership.

What to watch out for:

1. Annual fee: $196.20 for the principal card after the first year (offset by 10,000 renewal miles), $98.10 for each supplementary card.
2. Points transfer fee: An administrative fee of $27.25 is charged for each conversion to airline miles.
3. No insurance included (soon):  The current complimentary travel insurance coverage for the Citi PremierMiles Card will end on 31 Mar 2026.

 

6. UOB PRVI Miles Visa Card—highest earn rates for miles chasers

If you’re going to be travelling in your retirement, my top pick is the UOB PRVI Miles Card. It has the highest general miles earn rates of any entry-level miles card:

• 3 mpd on spend in Indonesia, Malaysia, Thailand, and Vietnam (including online)
• 2.4 mpd on other overseas spend,
• 1.4 mpd on local spend
• Up to 8 mpd when you book hotels through agoda or Expedia via the UOB PRVI Miles site

There’s no minimum spend and no cap on the miles you can earn, so whether you’re a frequent traveller or planning occasional getaways, your miles keep rolling in. You’ll also get 4 complimentary airport lounge visits every year and free personal accident and emergency medical coverage of up to $500,000.

Why this card is great for retirees:

1. Best-in-class miles earn rates: Maximise your miles on both regional and global spend, with strong rates even for everyday local use.
2. No minimum spend or miles cap: Flexibility for retirees whose travel and spending vary throughout the year.
3. Travel-friendly perks: Enjoy 4 complimentary airport lounge visits each year, plus free insurance coverage for your trips.

What to watch out for:

1. Annual fee: $261.60 per year for the principal card (after first year waiver), $130.80 for supplementary cards (after first card is free).
2. You earn UNI$ in blocks of every $5 spending, not every $1: This means smaller transactions below $5 won’t be counted towards miles.
3. UNI$ expire after 2 years: All UNI$ earned will expire 2 years from the last day of the quarter in which they were earned, tied to the calendar year’s quarters.
4. Miles transfer fee and minimum: Each transfer to an airline’s frequent flyer programme is subject to a $25 conversion fee, and transfers must be done in blocks of 10,000 miles.

 

This article was first drafted with the help of AI and later reviewed and refined by the author.