Which credit card is the right one for you? Some credit cards offer amazing 1-for-1 dining deals, while others offer reward points for shopping, and yet others give cashback for spending.

If cashback is your goal, do beware!

Do read all the terms & conditions before signing up to make sure there is no hidden catch. For instance, some credit cards offer a high cash back rate but requires you to spend a large minimum amount per month to qualify. Others cap the cashback amount you are allowed to receive every month.

Here, we have researched and found the top 7 cashback credit cards for you which we feel offer the highest rebates for the lowest spend!

Note: All principal applicants have to be 21 years old and above.

 

1. Citibank SMRT Credit Card

1. Citibank SMRT Platinum Visa CardBenefits
citibanksmrt

Cashback rebates: 7%
Cashback cap: SMRT$23.33*/ no cap on Citi rebates
Min. spending: S$600
For monthly statement spend of less than $600, SMRT$ earn rate will be 0.3% less.

(*SMRT$1 = $1 worth of vouchers which can be used to redeem free rides, taxi rides, etc. Receive up to SMRT$280 per year)


Eligibility:
Singaporeans & PRs: S$30,000 and above
Foreigners: S$42,000 and above
- Up to 12% savings (5% SMRT$+2% Citi Rebate+Additional 5% SMRT$) on groceries at Fairprice, Giant, Sheng Siong

- Up to 4% savings (2% SMRT$+2% Citi Rebate) at Watsons, Guardian, Unity NTUC and more

- 1% on telco companies such as M1, Singtel, & Starhub.

- 2% savings on EZ link auto-reload

- Up to 15% savings (5% SMRT$+10% Citi Rebate) on coffee such as Starbucks, Coffee Bean & Tea Leaf

- Up to 14% discount at petrol stations such as Esso and Shell

- Up to 10% discount at over 700 outlets including Burger King, Starbucks etc.

- Up to 20% discount selected merchants including Chicken Up, Suki-Ya, TCC, The Manhattan Fish Market and more

- 5% savings at Popular Bookstore and Toys 'R' Us

- 5% cashback on online shipping charges.
Read more details >>>>>

Why did we recommend this card?

Pros: The Citibank SMRT card is great for grocery shopping as it offers one of the highest rebates even if you do not meet the minimum monthly spend of S$600. The rebate will simply be 0.3% less (i.e 6.7% on groceries from the initial 7%). If you are a regular coffee drinker and grocery shopper, or need to pump petrol frequently, this is one of the best cards you can get!

Cons: Although it has a high % rebate, this card unfortunately has a very low cap at SMRT$ 23.33 per month (SMRT$ 280 per year).

Recommended for: Singles, couples or people whose overall monthly credit card spending is quite low, and whose main credit card spending is on the essentials e.g. groceries and bills, rather than on dining or shopping.

 

READ MORE ABOUT THE CITIBANK SMRT CARD AND APPLY HERE >>>> 

 

2. POSB Everyday Card

2. POSB Everyday CardBenefits
posb evryday

Cashback rebates: 5%
Cashback cap: S$80
Min. spend: S$500

- Minimum spend of S$1000 earns you S$160 cashback

- 0.3% on everything else

Eligibility:
Singaporeans & PRs: S$30,000 and above
Foreigners: S$45,000 and above
- Up to 5% cash rebates on groceries at Sheng Shiong

- Up to 5% cash rebates at Watsons

- Up to 5% cash rebates on recurring utility bills at SP Services and telco bills from Starhub

- Get 2% cash rebate when you sign-up for EZ-Reload online

- Up to 20.1% savings on petrol at SPC

- 3% cash rebate for flights purchased at AirAsia.com

- 2% cash rebate on your overseas spend

- 1% cash rebate on your Comfort/ CityCab taxi fares

- All-in-one card: EZ link, ATM, Credit card

Read more details >>>>>

Why did we recommend this card?

Pros: If you prefer to have less cards in your wallet, the POSB Everyday card is the card for you. This card has an all-in-one feature as an EZ Link card, ATM card as well as a credit card. Voted as “Singapore’s Favourite Card” for six years in a row, the POSB Everyday card offers one of the highest cashback in all the essential categories such as groceries, healthy & beauty, telco, utilities and public transport.

Cons: It ties up specifically with select brands in the main categories e.g. Sheng Siong, Watsons, Starhub, and SPC for petrol. You won’t be able to get the rebate if you switch around and shop at competing brands like Fairprice, Guardian, Singtel etc.

Recommended for: People who are loyal patrons of the brands listed above and whose main credit card spending is on the essentials rather than dining or shopping.

 

READ MORE ABOUT THE POSB EVERYDAY CARD AND APPLY HERE >>>> 

 

3. OCBC 365 Credit Card

3. OCBC 365 CARDBenefits


Cashback rebates: 3-6%
Cashback cap: S$80
Minimum spend: S$600
- For spending below S$600, a 0.3% is awarded instead

Eligibility:
Singaporeans & PRs: S$30,000 and above
Foreigners: S$45,000 and above
- 3% cashback on grocery shopping (island-wide supermarkets)

- 3% cashback on recurring telco bills (SingTel, StarHub, M1)

- 3% on online payments such as SP Services paid online.

- 6% cash rebates on all weekend dining*

- 3% cash rebates on weekday and overseas dining

- Up to 18.3% on fuel savings at Esso and Caltex

- 3% cashback on online spending
Read more details >>>>>

Why did we recommend this card?

Pros: You don’t have to eat at certain restaurants or cafes to receive the rebate. The 6% rebate is applicable to all restaurants/cafes/F&B outlets that accepts credit card, with the exception of hotels & resorts. You also get 3% for island-wide supermarkets, and telco bills. Fuel savings up to 18.3% at Esso is also an attractive bonus for car-owners.

Cons: You don’t get as high a rebate for groceries, telco and utilities as other cards.

Recommended for: Foodies, or people whose main monthly spend is on dining rather than groceries. You’d still get a decent rebate on telco & utilities.

 

READ MORE ABOUT THE OCBC 365 CARD AND APPLY HERE >>>> 

 

4. ANZ Optimum World Mastercard

4. ANZ Optimum World MastercardBenefits
anz

Cashback rebate: 5%
Cashback cap: Nil
Minimum spend: Nil

- No minimum spend, no limits on the cash rebate you can earn

- 5% cash rebates in chosen category every calendar quarter: Dining & Leisure, Travel, Shopping or Groceries

- 1% cash rebate on other spending



Eligibility:

Singaporeans, Singapore PRs and Foreigners: S$80,000 and above
Read more details >>>>>

Why did we recommend this card?

Pros: We like the ANZ Optimum World MasterCard because there is no cap to how much rebate you can receive! There is also no minimum spend . You are also able to choose the category that best complements your shopping behaviour each quarter: Dining & Leisure, Travel, Shopping or Groceries.

For instance, if you are a big spender travel, where you spend SGD 1700 on a return flight to Japan, and SGD 500 on a return flight to Bali the next month and so on, by choosing the category “Travel”, you will get a decent rebate each month, as there is no cap to the rebates you can receive with this card.

Cons: This card does not offer much rebates for other essential categories such as telco, utilities and public transport. A minimum income of S$80,000 p.a is required in order to apply for this card, hence not all would be eligible.

Recommended for: People who consistently spends a significant amount in a single category, eg on flights & travel or in shopping, etc.

 

READ MORE ABOUT THE ANZ OPTIMUM WORLD MASTERCARD AND APPLY HERE >>>> 

 

5. UOB Delight Credit Card

5. UOB Delight Credit CardBenefits


Cashback rebate: 3-8%
Cashback cap: Nil. Capped at SMART$50 for groceries, Visa PayWave & Nets Auto-top up categories.
Min. spending: S$400-800
- Min. spending of S$400 and S$800 per month to get a 3% and 8% SMART$ rebate* respectively. 0.3% rebate for spending below S$400

*1 SMART$ = $1

Eligibility:
Singaporeans and Singapore PRs: S$30,000 and above
Foreigners: S$40,000 and above
- 8% SMART$ rebate at Cold Storage, Market Place, Giant, etc.

- 8% SMART$ rebate at Guardian.

- 3% SMART$ rebate on all telcos

- 3% NETS FlashPay Auto Top-ups for MRT/LRT, public bus, Comfort & CityCab and SMRT taxis, ERP and CEPAS-compliant

- 3% on Visa Pay Wave transactions

- 10% discount on over 4,000 house brands products at Cold Storage, Giant and Guardian

- Save up to 18.7% on petrol at Caltex

- SMART$ rebate at over 800 outlets such as BreadTalk, Cathay Cineplexes, The Coffee Bean & Tea Leaf, Sephora, World of Sports, EpiCentre and more

- Earn cash rebates with UOB 0% Instalment Payment Plan
Read more details >>>>>

Why did we recommend this card?

Pros: The 8% cash rebate for groceries is also one of the highest in the list. There is no cap to the rebate you can receive for participating SMART$ merchants such as BreadTalk, Cathay Cineplexes, The Coffee Bean & Tea Leaf, Sephora, World of Sports, Epicentre and more. In addition, we like the 3% cash rebate on auto top-ups for Ezylink, and Comfort/ City Cab/ SMRT taxis and Visa PayWave.

Cons: There’s a minimum spend of $800 a month to qualify for the 8% rebate. Furthermore, there is a cap of SMART$ 50 or $50 per month for “daily essentials” (Giant, Cold Storage, Jasons, Guardian, Visa PayWave and auto top-ups for Ezylink and select taxis). Also, not all brands are eligible for the 8% cash rebate, e.g. Fairprice, Sheng Siong and Watson are not eligible for this rebate.

Recommended for: For families or people who spend more on groceries, you’ll benefit from a high 8% for the groceries component, and cashback from participating SMART$ merchants.

 

READ MORE ABOUT THE UOB DELIGHT CARD AND APPLY HERE >>>> 

 

6. Citibank Dividend Card

6. Citibank Dividend Credit Card Benefits
citid

Cashback rebates: 8%
Cashback cap: S$75
Min. spending: S$888

Note: 8% = 0.25% + 7.75%
- A minimum spending of S$888 per month to get the 7.75% bonus rebate.
Other spending are only subjected to 0.25% cash rebate.

Eligibility:
Singaporeans & PRs: S$30,000 and above
Foreigners: S$42,000 and above
- 8% cashback at ALL supermarkets and grocery stores worldwide.

- 10% Cash rebate on all eligible PayPass transactions made at Comfort/CityCabs

- Savings up to 20.88% at Esso, 20.8% at Shell, and 8% cash back at all other petrol stations

- 8% cashback at all restaurants, cafes, food and beverage outlets globally

- 5% cashback on online shipping charges

- 5% cashback for flight and hotel bookings at Expedia

- Cashback will never expire


There is no cap on the 0.25% cash rebates that you receive, but the 7.75% cash rebate on Petrol, Grocery and Dining will be capped at DIV$25 per category per month (up to DIV$75).
Read more details >>>>>

Why did we recommend this card?

Pros: Described as the “Best Cashback credit card in town”, the Citibank Dividend card sure lives up to its hype. For your everyday transactions at Petrol, Groceries and Dining merchants worldwide, card holders will earn 8% (0.25% + 7.75% additional) cash rebates all year long. What we like about this card is the tremendous petrol savings of up to 20.88%, which is one of the highest around. We also like that the card offers an 8% rebate at ALL supermarkets & groceries worldwide, as well as ALL dining (except those in hotels and resorts). On top of that, you may also earn up to 10% rebate at selected merchants such as Starbucks, Times Bookstore, PrimaDeli and more.

Cons: There is a higher minimum spend of $888 per month.

Recommended for: People who own a car but doesn’t drive much (there’s a cap of DIV$25 per category), and who spends as much time dining out as they do eating in.

 

READ MORE ABOUT THE CITIBANK DIVIDEND CREDIT CARD AND APPLY HERE >>>> 

 

7. Maybank Family & Friends Platinum Mastercard

7. Maybank Family & Friends Platinum MasterCardBenefits
Maybank Family & Friends Platinum MasterCard

Cashback rebates: 5%
Cashback cap: S$50
Min. spending: S$500

Eligibility:
Singaporeans & PRs: S$30,000 and above
Foreigners: S$60,000 and above
- 5% cash rebates at NTUC Fairprice, Cold Storage, leading hypermarts and petrol stations in Malaysia such as BH Petrol and Giant

- 5% cash rebates at Guardian, Watsons, Unity NTUC Healthcare

- 5% cash rebates for fast food delivery from McDonald's, KFC, Pizzahut

- 5% cash rebates at Popular Bookstores, Mothercare, Toys 'R' Us, FOX Kids and Baby and more

- Earn 0.3% cash rebates on all other purchases

- Attractive Maybank privileges such as up to 50% discount while online shopping at Qoo10, Lazada, Shopback, Taobao, Rakuten and more
Read more details >>>>>

Why did we recommend this card?

Pros: The Maybank Family & Friends Platinum MasterCard is a true household card, offering 5% rebates at supermarkets such as Fairprice and drug stores like Watsons and Guardian, as well as hypermarts in Malaysia. This is the only card that offers 5% cash rebates on fast food deliveries from McDonald’s, KFC and Pizzahut ! The 5% cash rebates at Popular Bookstores, Mothercare, Toys ‘R’ Us, FOX Kids and Baby is also handy for moms.  Not forgetting, this is also the only card that includes Taobao in their list of online merchants where you are eligible for cashbacks. There’s also some exclusive dining, spa and accommodation discounts for Malaysia, Indonesia and Phillipines.

Cons: No rebates for other essentials such as utilities, telco and public transport.

Recommended for: Families with young kids who frequently go to Malaysia for family vacations or to shop for groceries.

 

READ MORE ABOUT THE MAYBACK FAMILY & FRIENDS PLATINUM MASTERCARD AND APPLY HERE >>>> 

 

 

There you have it, the best 7 cashback credit cards suited to our everyday needs!

How do you figure out which is the right card for you?

Estimate your average spend in each category – eg groceries, telco, utilities, transport, shopping, dining and any other categories that you spend on. From there, calculate the cashback you will get for each category for each card. Add all the categories up, and choose the card that gets you the most cashback 🙂

Have more suggestions to add to our list? Let us know! Which is your favourite cashback credit card? 🙂 

 

Picture credits:

http://4.bp.blogspot.com/-PHurDTJPj0I/UwQbhPvXVOI/AAAAAAAAAek/Rzo3F-Wq1yU/s1600/credit-cards-ftr.jpg

 

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