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 Annual fee
American Express True Cashback Card 3% in the first 6 months of card membership on up to $5,000 worth of expenditure
1.5% thereafter
$176.55 (waived for 1 year)
Standard Chartered Unlimited Cashback Credit Card 5% on eligible transactions in first 3 months
1.5% thereafter
$192.60 (waived for 2 years)
Maybank FC Barcelona Visa Signature Card 1.6%  $120 (waived for 2 years)
UOB Absolute Cashback Card 1.7% $192.60 (waived for 1 year)
Citi Cash Back+ Mastercard 1.6% $192.60 (waived for 1 year)

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 six 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 logo
MoneySmart Exclusive
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
MoneySmart Exclusive:

Get $160 worth of Shopee Vouchers when you apply and spend on your card!

Valid until 30 Jun 2021

Standard Chartered Unlimited Cashback Credit Card

Stanchart’s Unlimited Cashback Credit Card gives you 1.5% on all spend. Period. There’s also a 2-year annual fee waiver.

With this card, you’re also entitled to promotions under StanChart’s The Good Life programme, which includes 7% off Agoda accommodations and fringe benefits such as 50% off dining at The Fullerton Hotel and its dining establishments.

Drivers enjoy up to 21.3% fuel savings with Caltex.

Get $250 cash when you apply for  SCB Unlimited Cashback Card via MoneySmart!

Standard Chartered logo
MoneySmart Exclusive
Unlimited Cashback
Cash Back on eligible spend
Up to 1.5%
Min. Spend per month
S$0
Cash Back Cap
Unlimited
MoneySmart Exclusive:

Apply and spend $200 to get $250 cash via PayNow or $50 cash via PayNow + Apple AirPods (bundle worth S$289) delivered to your doorstep for FREE!

Valid until 30 Jun 2021

Maybank FC Barcelona Visa Signature Card

The AMEX True Cashback Card is a great card to use in the first 3 months of card membership. After 3-month honeymoon period is over with AMEX, 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 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:
Get S$100 Cash Credit with Maybank Credit Cards and CreditAble!
Valid until 30 Jun 2021

UOB Absolute Cashback Card

Aside from offering the highest unlimited cashback of 1.7%, the UOB Absolute Cashback has 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 the fact that it plays third fiddle to VISA and MasterCard means that it will be less accepted by smaller merchants.

The welcome bonus is also smaller than its competitors, offering only $99 additional bonus cashback for $3,000 worth of spending.

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
Cash Back on Eligible Spend
1.7%
Min. Spend per month
$0
Spend Exclusions
No

Citi Cash Back+ Mastercard

Not to be confused with the Citi Cash Back Card, the “+” symbol on the end of this card makes a whole lot of difference. The “+” symbol makes it so that you do not have any 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! You can’t pay your bills or insurance premiums unlike with the above mentioned UOB Absolute Cashback card, but when you do stick to the eligible categories – groceries, online shopping, dining and many more, you will be rewarded with an uncapped 1.6% cashback on all these spends.

It’s also a Mastercard, which means that it’s more widely accepted than the UOB Absolute Cashback Amex card, and it comes with a welcome gift of up to 4.5% cashback. This requires you to spend up to $5,000 in the first 3 months, and the value 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:

Apple Watch SE (worth S$419) or $350 cash via PayNow - get either for free when you apply for a Citi Credit Card today! Simply make a minimum spend of $200 within 30 days of the account being opened! 

Valid until 22 Jun 2021

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