5 Best Unlimited Cashback Credit Cards in Singapore (2021)

unlimited cashback credit card

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 (2021)

Unlimited cashback credit card Cashback rate Annual fee
Citi Cash Back+ Mastercard 4.5% in first 3 months, then 1.6% $192.60 (waived for 1 year)
Standard Chartered Unlimited Cashback Credit Card 3.5% in first 3 months, then 1.5% $192.60 (waived for 2 years)
American Express True Cashback Card 3% in first 6 months, then 1.5% $176.55 (waived for 1 year)
UOB Absolute Cashback Card 1.7% + bonus $99 for first $3,000 $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 4.5% cashback in the first 3 months. This is good for up to $5,000 of spending and cashback is capped at $225.

Citibank logo
MoneySmart Exclusive
No Expiry on Cash Back Earned
Cash Back on Eligible Spend
1.6%
Min. Spend per month
S$0
Cash Back Cap
Unlimited
MoneySmart Exclusive:

Apply and spend $200 to get: $300 Cash OR an Ergotune Ergonomic Classic Chair (worth $399)

OR

Apply and spend $500 to get MORE:  $350 Cash OR the NEW 10.2-inch Apple iPad Wi-Fi 64GB (worth $499) OR an Ergotune Ergonomic Classic Chair (worth $399)!

Valid until 30 Sep 2021

2. Standard Chartered Unlimited Cashback Credit Card

Stanchart’s Unlimited Cashback Credit Card is the card to sign up for when you’re about to spend a bomb.

This credit card offers you 3.5% cashback in the first 3 months of card membership, capped at $150, then you will earn the usual rate of 1.5%. There’s no cap as to how much 1.5% cashback you can amass, however.

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.)

Standard Chartered logo
MoneySmart Exclusive
With 3-month Disney+ Subscription
Cash Back on eligible spend
Up to 1.5%
Min. Spend per month
S$0
Cash Back Cap
Unlimited
MoneySmart Exclusive:

Bring home an Apple TV 4K 32GB (worth $269) or $270 Cash via PayNow, both with 3-month Disney+ subscription only with Standard Chartered Credit Cards.

Valid until 30 Sep 2021

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.

American Express logo
Online Promo
Unlimited Cashback
Welcome Offer (min spend of S$5,000 in 6months)
3.0% Cashback
Cash Back Cap
Unlimited
Min. Spend per month
S$0
Online Promo:
Receive S$100 CapitaVoucher when you spend S$500 within first month of Card approval.
Valid until 30 Sep 2021

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.

The welcome bonus is not as good as the competition, offering only $99 additional bonus cashback when you hit $3,000 worth of spending by 31 July 2021.

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!

UOB logo
MoneySmart Exclusive
Cash Back on Eligible Spend
1.7%
Min. Spend per month
$0
Spend Exclusions
No
MoneySmart Exclusive:

Get $30 Cash via PayNow and up to $300 Cash Credit from UOB when you apply and spend on your card!

Valid until 30 Sep 2021

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.

Maybank logo
Online Promo
Cash Rebate on All Local Spend
1.6%
on Spend in Foreign Currency
S$1 = 2X Points
Min. Spend per month
S$0
Online Promo:
Receive a Garmin vivomove Style worth S$469 (Valid for the first 2,000 applicants only).  Subsequent Qualifying Applicants will be rewarded with S$100 cash credit to be credited to their activated Eligible Card accounts. Valid till 31st of Oct. TNCs Apply.
Valid until 31 Oct 2021

Share this article with anyone who likes their cashback fuss-free!