Having a cashback credit card is probably the most convenient way to earn instant rebates. A certain percentage of your expenses will be discounted and deposited into your credit card to offset your next purchases. 

Unlike reward points and air miles, you do not need to wait for months to earn your cashback. Mostly, you can use your cash rebates the next time you make an eligible transaction. People with big monthly expenses prefer cashback cards as they get to enjoy their rewards quite fast. 

With the number of cashback credit card promotions in Singapore, picking out the best card can be difficult. To smoothen the frown on your brows, here are some of the top cashback credit cards for you. 

CIMB Visa Signature

CIMB Visa Signature credit card comes with no annual fees for your entire use. As a bonus, this card offers you a high cashback rate of 10% on categories such as groceries, shopping, personal care products, pet essentials, and even cruise travels! 

With so many categories to spend your money on, you can easily spend more than S$800 to start earning your cashback. This card is also useful for online transactions. Hence, if you are mostly at home, you can enjoy the perks of this credit card while you browse for fashion or food online. 

Complimentary travel insurance of up to S$500,000 does not only cover you but also your family. With the Visa Signature concierge benefits, you will certainly enjoy premium and safe traveling experiences. 

Other than the 10% cashback rate, there are more than 1,000 stores in Singapore that you can use this card in and receive up to 50% for all your purchases. You also have 0.2% of unlimited cashback on every other spend made with no minimum spending limits. All these benefits can easily earn you nearly S$100 cashback for every month. 

Annual Interest Fee and Rate

Free / 25.90%

Minimum Income Requirements

Singaporean/Permanent Resident: S$30,000

DBS Live Fresh Card

For online shopping enthusiasts, DBS Live Fresh would be the most ideal cashback credit card. Earn up to a 5% cashback rate for both online and contactless payments. As this rate applies for selected categories, you also have a base rate of 0.3% on every other successful transaction. 

When you spend more than S$600 on shopping, food, MRT fares, and gaming, your cashback earns can reach up to S$60 every month. With most of your transactions being cashless, you can use this card as a replacement for your EZ-Link. Just activate this DBS credit card via SimplyGo to stop worrying about your travel fares. 

There are also plenty of promotions and discounts that you can enjoy. From buffet promotions to restaurant meals, you can save a lot with the cashback earned. In fact, the cashback also applies to online food delivery using Gojek rides. 

Active Shopee users get a S$10 discount for every purchase of more than S$100 on Thursdays. And if you are new to Shopee, you get S$7 off for a minimum spend of S$15. All these and more benefits to enjoy with your first year’s annual fee waived off.

Annual Interest Fee and Rate

S$192.60 / 26.80%

Minimum Income Requirements

Singaporean/Permanent Resident: S$30,000

Non-Singaporean: S$45,000

Standard Chartered Unlimited Cashback Credit Card

With Standard Chartered’s Unlimited Cashback Credit Card, you can earn 1.5% cashback for all shopping, food, and fashion expenses. In addition, you can earn up to 16% worth of petrol discounts on the island. 

The 1.5% cashback rate applies for all eligible spends without any cashback cap nor minimum spending limits. Therefore, you can instantly get rewarded with cashback without worrying about the minimum spends. It is an ideal credit card for a person who prefers to spend and earn without much concern. 

As a part of your privileges, you can enjoy trying exotic dishes at well-known restaurants and even shopping for the latest fashion items at more than 3,000 outlets. With Standard Chartered’s The Good Life program, you get to experience this not only in Singapore but all over Asia. Not to forget your S$20 cashback that you receive the next moment you sign up and activate your credit card. 

Standard Chartered also awards you 1% cashback for all successful balance transfer transactions. You can choose to combine your costs with this option and earn at the same time. This makes the card ideal for all your daily essential purchases. 

Annual Interest Fee and Rate

S$192.60 / 26.90%

Minimum Income Requirements

Singaporean/Permanent Resident: S$30,000

Non-Singaporean: S$60,000

American Express True Cashback Card

Another easy way to earn cashback would be when you use American Express True Cashback Card. The unlimited cashback rate of 1.5% is offered without any minimum spend. Plus, your cashback amount will not be capped from your monthly earnings. 

If this is not enough for you to seal the deal, American Express offers you 3% cashback for a total of S$5,000 worth of expenditures made within your first 6 months. In return, you will receive up to S$150 worth of cashback.

As you prepare to travel across the globe, earn exclusive offers of up to 20% discounts on selected hotels. Your 1.5% cashback rebate can also be used for your flight ticket purchases. Also, there is a 2.5% cashback rate offered to all foreign currency expenses. 

And of course, there are more shopping and dining privileges for you to experience. There are up to 40% rebates at online shopping platforms such as Phillips, Qoo10, and Alibaba. You also get premium dining experiences all around the world with discounts ranging from 15% to 20% at Peach Garden, Mo Bar, and more. 

These benefits come with a first-year annual fee waived off. When you can gain good benefits in just your first year, it is certainly a good idea to apply for this credit card today. 

Annual Interest Fee and Rate

S$171.20 / 26.90%

Minimum Income Requirements

Singaporean/Permanent Resident: S$30,000

Non-Singaporean: S$60,000

Citi Cash Back+ Card

Citibank offers you a 0.1% more cashback rate than Standard Chartered and American Express. Although the 1.6% cashback rate might seem to be insignificant, the higher rate plays a major role in your monthly cashback earnings. 

It is best used for your daily household needs such as shopping, grocery purchases, and food expenses. This card applies the same cashback rate for both online and offline purchases. The simple redemption system could be a pull factor to avoid unnecessary hassle. 

This Citi Cash Back+ Card does not require any minimum spending to reward the cashback. In fact, the cashback earned will not be capped according to your spends and they will never expire for your entire use of the credit card. And if you wish to redeem your cashback, you can use Citi Pay with Points or via SMS.

The welcome offer will get you up to 4.5% cashback equivalent to S$225 for a minimum spend of S$5,000 within your first 3 months. There are also great deals and discounts on hotels, restaurants, flight tickets, and more that you can enjoy within Singapore and in 95 other countries. 

Annual Interest Fee and Rate

S$192.60 / 26.90%

Minimum Income Requirements

Singaporean/Permanent Resident: S$30,000

Non-Singaporean: S$42,000

Make the most of your Cashback Credit Card

If you are looking for a good cashback credit card that helps optimise your monthly expenses, then these are the best options for you. Cashback credit cards can be highly rewarding when you keep your spending below your budget and plan your spending wisely to get the cashbacks.