Many cashback credit cards are like those fast food ads featuring massive burgers oozing with juice. You buy one, only to discover that the real product looked more like a deflated balloon. They can promise a super generous 15% cashback, until you read the fine print and discover that it’s capped at $10 a month. Pfft.
If you’ve got a huge expense coming up, like a wedding dinner or a new car, that cashback cap is going to cramp your style like an overprotective mother at the playground.
Unless you manage to find a credit card that gives you unlimited cashback, meaning you can spend as much as you like knowing you’ll be rewarded for every cent.
Here are the unlimited cashback cards we’ve found with no minimum spend requirement and no caps.
Best unlimited cashback credit cards in Singapore (2022)
| Unlimited cashback credit card | Cashback rate | Annual fee |
| Citi Cash Back+ Mastercard | 6% cashback in first 2 months (up to $240) | $192.60 (waived for 1 year) |
| Standard Chartered Simply Cash Credit Card | 1.5% uncapped cashback + 6 months Disney+ subscription | $192.60 (waived for 2 years) |
| American Express True Cashback Card | 3% in first 6 months, then 1.5% | $171.20 (waived for 1 year) |
| UOB Absolute Cashback Card | 1.7% | $192.60 (waived for 1 year) |
| Maybank FC Barcelona Visa Signature Card | 1.6% | $120 (waived for 2 years) |
1. Citi Cash Back+ Mastercard
Not to be confused with the Citi Cash Back Card, the “+” symbol on the end of the Citi Cash Back+ card makes a whole lot of difference.
Unlike its “plusless” counterpart, which has a minimum spending requirement of $800 per month, the Citi Cash Back+ Card has no minimum spend to fulfil and no complex requirements to earn the cashback.
This doesn’t mean that there are no exclusions to the type of spend to be eligible for the cashback, though! Your bills or insurance premiums do not qualify.
But when you do stick to the eligible categories — groceries, online shopping, dining and other forms of regular retail spending — you will be rewarded with an uncapped 1.6% cashback on all these spends.
The Citi Cash Back+ Card comes with a welcome gift of up to 6% cashback in the first 2 months. This is good for up to $4,000 of spending and cashback is capped at $240. The promotion is only applicable if you apply through Citi channels and ends on 30 June 2022.
- Cash Back on Eligible Spend
- 1.6%
- Min. Spend per month
- S$0
- Cash Back Cap
- Unlimited
[MoneySmart x Ascott Travel Like A Millionaire Lucky Draw]
Get S$350 Cash or 5,040 SmartPoints in as fast as 5 weeks when you meet the spend criteria. T&Cs apply. PLUS stand a chance to win up to $6,500 worth of Staycay, Flights and Rewards! T&Cs apply.
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2. Standard Chartered Simply Cash Credit Card
Stanchart’s Simply Cash Credit Card is the card to sign up for when you’re about to spend a bomb.
This credit card offers you a 6-month-long Disney+ subscription, and 1.5% cashback. There’s no cap as to how much 1.5% cashback you can amass.
With this card, you’re also entitled to promotions under StanChart’s The Good Life programme, which include plenty of staycation and dining deals around town.
We also like its 2-year annual fee waiver. That’s one less thing to worry about when you apply for this card on MoneySmart for the freebies. (C’mon, admit you’re tempted.)
- Cash Back on Eligible spend
- Up to 2%*
- Min. Spend per month
- S$0
- Cash Back Cap per month
- Unlimited
[UPSIZED 2% CASHBACK EXCLUSIVE TO MONEYSMART ONLY]
Get S$380 Cash via PayNow or earn 5,040 SmartPoints when you apply and spend a min. of S$500 in eligible transactions within 30 days from card approval date! T&Cs apply. Use SmartPoints to redeem your favourite product from our Rewards Store today.
For a limited time, earn UPSIZED UNLIMITED 2% CASHBACK on your purchases charged to your credit card when you spend above S$500! Only for MoneySmart applicants!
PLUS stand a chance to win a Porsche Taycan Base (model year 2025) in SC Million Reasons to be Happier! T&Cs apply.
3. American Express True Cashback Card
The American Express True Cashback Card was one of the first fuss-free unlimited cashback cards on the market.
This credit card offers you 3% cashback in the first 6 months of card membership, up to $5,000 worth of spending.
So it’s well worth it to bide your time, and then sign up just before you’re about to enter an expensive phase in your life, like moving to a new home or having a baby.
After you hit the $5,000 expenditure cap or the 6-month mark, you will earn the usual rate of 1.5%. There’s no cap as to how much 1.5% cashback you can amass, however.
That cashback also applies to almost anything you could possibly spend on, including commonly excluded expenses like insurance premiums or bill payments — provided they accept Amex, of course.
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- on up to $5,000 spend in the first 6 months for new Card Members.
- 3.0% Cashback
- all subsequent eligible purchases
- 1.5% Cashback
- Cash Back Cap
- Unlimited
4. UOB Absolute Cashback Card
UOB Absolute Cashback Card offers unlimited cashback of 1.7% with practically no spending exclusions. This means that insurance premiums, school fees, e-wallet top-ups, utilities bills and even rental payments are included in the cashback perk.
But, and this is a very big but, the card is an American Express card. It might be the third biggest card association in the world — but it still plays third fiddle to Visa and Mastercard in Singapore. You’re less likely to find smaller merchants that will accept this card.
That being said, it’s an amazing card to keep using for everyday spending as opposed to one big ticket item. You’ll probably earn more cashback with this card than with the others!
- Cash Back on Eligible Spend
- 1.7%
- Min. Spend per month
- S$0
- Cash Back Cap
- Unlimited
5. Maybank FC Barcelona Visa Signature Card
Whether you’re a football fan or not, this randomly-named Maybank FC Barcelona Visa Signature Card is a pretty good unlimited cashback card to consider.
The cashback rate of 1.6% this card gets you is quite attractive. That said, it lacks a welcome offer like the rest of the cards on this list.
While you don’t need to be an FC Barcelona fan to sign up, it does come with perks for soccer lovers, such as a chance to win a trip for 2 to catch FC Barcelona live every football season. However, with no updates on when travel will resume, it’s unlikely you’ll benefit from that anytime soon.
- on All Local Spend
- 1.6% Unlimited Cashback
- on Spend in Foreign Currency
- S$1 = 2X Points
- Min. Spend per month
- S$0
Share this article with anyone who likes their cashback fuss-free!
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