Credit Cards

Best Unlimited Cashback Credit Cards in Singapore (2019)

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 (2019)

Unlimited cashback credit card Cashback Annual fee
American Express True Cashback Card 3% in 1st 3 months of card membership on up to $5,000 worth of expenditure
1.5% thereafter
$171 (waived for 1 year)
Standard Chartered Unlimited Cashback Credit Card 3% on foreign currency spending in first 3 months
1.5% thereafter
$193 (waived for 2 years)
Maybank FC Barcelona Visa Signature Card 1.6%  $120 (waived for 2 years)
ICBC Global Travel MasterCard 1.5% on local spending and 3% on foreign currency spending $150 (waived for 3 years)
ICBC Zodiac Credit Card 1.6% cashback on local and overseas spend $150 (waived for 3 years)


American Express True Cashback Card

American Express True Cashback Card is the card to sign up for when you’re about the spend a bomb. This credit card offers you 3% cashback on almost anything you could possibly spend on in the first three months of card membership, 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.

So it’s well worth it to bide your time, and then sign up just before you’re about to incur a big expense, like a wedding.

So let’s say you’re about to pay $50,000 for a lavish wedding banquet with the Amex True Cashback Card. You will receive 3% cashback on the first $5,000 (equivalent to $150 cashback), and 1.5% cashback on the remaining $45,000 (equivalent to $675 cashback).

Your total cashback for spending $50,000 will thus be $825. Not a small amount!

American Express True Cashback Card

American Express True Cashback Card

Card Benefits

    • Apply through MoneySmart from 22 Mar - 19 Apr 2018 to get S$100 worth of Grab OR NTUC Vouchers. Application must be approved by 3 May 2018. Submit your (i)Contact Details and (ii)14-digit Reference Number on the Thank You Page upon completion at this link before 19 April 2018. T&Cs
    • 1.5% Cashback on any purchase you make, anytime
    • 3% Cashback for the first 6 months up to $5000 spend
    • Enjoy first year fee waiver
    • Eligible for use with Apple Pay


    Standard Chartered Unlimited Cashback Credit Card

    Stanchart’s Unlimited Cashback Credit Card offers high cashback when you’re going on a big overseas trip or making a huge purchase in overseas currency. It offers 3% of cashback on $15,000 of foreign currency spending and 1.5% on all spending in SGD until 30 April 2019.

    For instance, let’s say your honeymoon costs you a total of $15,000, including flight tickets, which you’ve taken care to book in a foreign currency. You get 3% cashback on your $15,000 of foreign currency spending, earning you a cool $450.

    It’s also great for loyal Grab users, who can get 15% cashback with Grab and 15% cashback on transactions made on Grab App. To get the cashback on Grab, you should spend a minimum of $900. Its capped at $30 per calendar month. Valid until 31 March 2019.

    There are also some fringe benefits such as 50% off dining at The Fullerton Hotel and its dining establishments, and a major perk is that you can use it as an EZ-link card. Drivers enjoy 21% fuel savings with Caltex.

    Get $100 cash and $100 cash rebate when you apply for SCB Unlimited Cashback Card via MoneySmart before 31 March 2019.

    Standard Chartered Unlimited Cashback Credit Card

    Standard Chartered Unlimited Cashback Credit Card

    Card Benefits

    • Get SS200 Cash + Cashback - Standard Chartered Bank Unlimited Cashback Card
    • Submit your (i)Contact Details and (ii)11-13 digit Reference Number on the Thank You Page upon completion at MoneySmart Claim Form by 28 Feb 2019 for your S$150 Cash Gift. Refer to T&Cs here
    • 1.5% cashback on all eligible spend
    • No cashback cap and no minimum spend
    • Doubles up as your ez-link card with the EZ-Link facility enabled on it
    • Enjoy discounted movie tickets at Cathay Cineplexes


    Maybank FC Barcelona Visa Signature Card

    The AMEX True Cashback Card and Stanchart Unlimited Cashback Credit Card on this list are great to use in the first 3 months of card membership. But the Maybank FC Barcelona Visa Signature Card is for long-term use.

    After that honeymoon period is over, there is one card you’ll want to switch over to when you have big expenses: the very randomly-named Maybank FC Barcelona Visa Signature Card.

    The cashback rate of 1.6% this card gets you is slightly more attractive than the other two cards’ regular rate of 1.5%. And it’s valid forever… or until Maybank decides to amend the terms and conditions.

    So after your wedding and honeymoon, you decide to buy a brand new car costing $100,000. You need to make a downpayment of at least $30,000 before taking out a loan on the remaining amount. Most dealers will allow you to make your downpayment by credit card.

    You already signed up for the Amex True Cashback Card more than 3 months ago, when you were about to pay for that big wedding banquet.

    So this time, you use the Maybank FC Barcelona Visa Signature Card, which gets you 1.6% cashback on your $30,000 downpayment, thereby earning you $480.

    Maybank FC Barcelona Visa Signature Card

    Maybank FC Barcelona Visa Signature Card

    Card Benefits

      • 1.6% Unlimited cash rebate on all local spend
      • No minimum spend and no cash rebate cap


      ICBC Global Travel Mastercard

      The ICBC Global Travel Mastercard is great for frequent travellers. You enjoy unlimited 1.5% cashback on SGD transactions and 3% cashback on transactions made in a foreign currency.

      Additionally, you can get complimentary access to DragonPass lounges. It’s especially great if you regularly travel for work to China and Hong Kong, but it’s not limited to those regions. DragonPass lounges, which number at over 1000+ worldwide, also include certain Plaza Premium lounges, SATS Premier Lounges and railway stations.

      From now until 31 December 2019, each ICBC Global Travel MasterCard credit cardholder gets 6 DragonPass points, which be used for VIP lounges at airports (1 point per visit) or VIP lounges at high-speed railway stations (0.5 points per visit).

      You can also use the ICBC Global Travel Mastercard as an EZ-link card by creating an account with and adding it as a contactless payment.

      Do note that certain transactions such as AXS payments, insurance premiums, EZ-link card top-ups do not qualify for cashback.


      ICBC Zodiac Card

      The ICBC Zodiac Card tries the personalisation game. You can choose from 12 Zodiac animal designs, which showcase their corresponding oracle bone inscriptions… Hm, does this matter to you?

      No? Yeah. Thought so.

      But this probably does: ICBC Zodiac card gives higher cashback on local spend than every other unlimited cashback card (local spending) on this list at 1.6%.

      So if you foresee that you will be make a number of large purchases that will bust the cashback caps of your regular cashback credit cards, such as when you’re furnishing your new BTO, you may want to get the ICBC Zodiac Card to buy electronics and furniture that add up to a significant sum. Currently, ICBC is giving an additional $120 cashback for new credit cardholders.

      Like the ICBC Global Travel MasterCard, you can use this as an EZ-link card, but unfortunately you won’t be able to earn cashback on the top-ups. Users need to create account at to link the credit card.

      What is your favourite unlimited cashback credit card? Share your reviews in the comments!


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