Best-Rewards-Credit-Cards-In-Singapore--Comparing-Perks,-Rates-&-Cashback
 

We know, there are more than 20 credit card options to choose from.

If you’re looking for the best rewards credit cards on the market, you’re on the right page. We’ll help you choose what’s best for you,  according to your actual needs. 

However, be careful not to fall into credit card debt. It’s easy to fall prey to the perks of credit cards and end up knee-deep in debt.

If you’re in a situation where you need urgent cash, or need money to clear your credit card loan, consider getting an affordable loan from BST Credit here!

Now, let’s go back to the best rewards credit cards in Singapore. After research, we have narrowed down the top eleven credit cards in Singapore. The key is to find the card that suits your lifestyle. Let’s analyse their perks, rewards, annual fees, and much more.

Keep reading below!

 

UOB One Card 

  • Annual fees: $192.60 (free of charge for the first 12 months)
  • Cashback percentages: 5% discount on overall purchases
  • Rewards: 
  • Not more than 10% on Grab, Shopee, Dairy Farm Singapore & a few UOB travel
  • 6% on household  electrical, gas, water and garbage  bills
  • Not more than 20.80% reduction at Shell and 24% at SPC. 
  • Get a $150 discount for every time you spend $1500
  • Cashback caps: – 

If you make purchases of around $2,000 per month, the UOB One Card is the perfect one for you. The rewards and discounts fit people who allow themselves to spend roughly  $2,000 in a month. These cards can even help you pay 6% less to certain utility expenses. That’s a substantial amount. 

On the other hand, this card isn’t for you if you spend much more or much less than the average. You’ll find other cards that meet your needs in term of flexibility and efficiency right below.

 

Maybank Family & Friends 

  • Annual fees: $180 (free of charge in the first three years)
  • Cashback percentages: 
    • No more than 8% discount on food and drinks, meal distribution, gasoline bill, streaming platforms, and transportation
    • The cashback is available after you’ve spent at least $800
    • For $500, your cashback goes to 5%
    • For lower amounts, your cashback is 0,3%
  • Rewards: 
    • Maximum $30 in three months if you spent a total of $300 for each month.
    • Score the $100 cash reward if you spend $250/ month for two following months with Maybank Credit Card or Credit Able. 
    • 30 June 2021 is the limit date for these advantages. 
  • Cashback caps:

Maybank Family and Friends is a worthwhile alternative if UOB Credit Card’s average expenses are too much. This is the best credit card if you spend around $500-$1,500/month and need flat rates.

This card’s unique selling proposition is addressing people who split their lives between Malaysia and Singapore. Maybank Family and Friends offers valuable rebates for food and household products, plus your transport.

Another practical advantage for budget-conscious people is the three-year fee waiver. 

 

Citi Cash Back Card 

  • Annual fees: $192.60 (free of charge for the first twelve months)
  • Cashback percentages:  
    • 8% for household products  
    • 6% when you’re eating out 
    • 0.25% for any other expenses
  • Rewards: 
    • Maximum 20.88% discounts when getting gas at Esso & Shell  
    • 8% rebates within other petrol stations
    • A $499 Dyson Cool™ AM07 Tower Fan for new Citibank cardholders or:
    • Each $200 you spend within the next month after getting your card gets you $350 cashback. Hop on this train until 30 April 2021.
    • Veteran Citibank cardholders will receive $30 with PayNow.
  • Cashback caps: $80/month

Citi Cash Back Card is one of the top rewards credit cards for people who use most of their budget for groceries and fuel. Introverts who prefer to dine in will appreciate this card too.

 

DBS Altitude Visa 

  • Annual fees: $192.60 (free for the first twelve months if you’re using the DBSALT code until 30 June 2021) 
  • Cashback percentages: $250 using DBSFLASH after you make one purchase (limit: 29 April 2021)
  • Rewards: People who pay their yearly charges get 10,000 bonus miles. If you’re shopping adds up to at least $25,000/ year, you get: 
    • No credit card charges
    • 10,000 miles 
    • 1.2 miles/ $1 in Singapore
    • 2 miles/ $1 in other countries
    • 3 miles/ $1 for online reservations
    • These miles are for life
    • A slew of other benefits, including complimentary insurance, dining, lounge access, etc.

If you’re hunting for a perk-packed air miles credit card, DBS Altitude Visa is it. You’re going to like it if you have diverse shopping habits and book most travel plans online.

 

Citi PremierMiles Visa Card 

  • Annual fees: $192.60 (zero for the first twelve months)
  • Cashback percentages: – 
  • Rewards feature:
    • 10,000 renewable miles/ year, adding up to $100
    • 1.2 miles/ $1 for local purchases (lifetime validity)
    • 2 miles/ $1 when you’re overseas (lifetime validity)
    • Two free-of-charge lounge visits
    • Included travel insurance
    • $30 via PayNow for veteran cardmembers 
  • Cashback caps:

Rewards credit cards like Citi PremierMiles Visa are best for people with tight travel budgets. Use this card for flexibility, lots of perks, and minimal fees. 

 

KrisFlyer UOB Credit Card

  • Annual fees: $192.60 (zero during the first twelve months)
  • Cashback percentages: 
    • $150 each time you spend $1,500 (limit: 30 April 2021)
    • 5% discounts on rentalcars.com (limit: 30 June 2021)
    • 60% deduction when you buy travel insurance using the Flyer60 code 
    • 9% off for Agoda bookings (limit: 31 December 2021)
  • Rewards: 
    • 3.0 KF miles/$1 when flying with SIA 
    • 3.0 KF miles/$1 spent for food, any online purchases, and fuel when you’re flying, adding to at least $500 with SIA 
    • 1.2 KF miles/$1 for general expenses in Singapore or overseas 
    • 10,000 annual miles 
    • 3,000 gift miles for newbies when you spend your first $5 
  • Cashback caps:

If you’re a veteran SIA flyer, UOB’s KrisFlyer is the best air miles credit card for your needs. It will get you valuable rebates when you’re shopping or dining, plus a slew of miles.

 

American Express Singapore Airlines KrisFlyer Card

    • Annual fees: $176.55 (zero for the first twelve months)
    • Cashback percentages: 
      • New cardholders receive Apple Air Pods or:
      • For purchases of $500 during the first month, you get $180 (limit: 30 April 2021) or:
      • Charge a minimum of $3,000 on your credit card during its first month of life to receive 5,000 KF miles. Bonus: one night free of charge at Conrad Centennial Singapore (limit: 30 June 2021)
      • Spend your first dollar within the first month of receiving your credit card to score a Dairy Farm Group voucher for $20 
  • Rewards: 
    • 1.1 miles/ $1 
    • 2 miles/ $1 in just in June and December and just overseas, with the following airlines: 
      • SingaporeAir
      • SilkAir
      • KrisShop
    • 3.1 miles/ $1 for Grab customers, with a 620 miles cap per month 
    • 100% rebate on your travel insurance
    • Hertz Gold Plus Rewards
    • Etc.
  • Cashback caps:

American Express Singapore Airlines KrisFlyer Card addresses people who haven’t owned credit cards before and need easy-to-use ones. If you’re a frequent SIA customer and want luxury perks, this is the best credit card for your needs.

 

OCBC 365 Card

    • Annual fees: $192.60 (zero fees for people who charge at least $10,000/ year on their credit cards)
    • Cashback percentages: 
      • 6% discounts when you’re eating out or getting food delivered 
      • 3% deduction for household products
      • 3% deduction for terrestrial transportation, utility expenses, and online travel 
      • 5% deduction for petrol
      • 0.3% cashback for other expenses
      • Use the OCBC 365 card to  purchase insurance, and you’ll receive $120 back (limit: 30 June 2021)
  • Rewards: 
  • Visa Signature Privileges
  • Cashback when you’re dining and travelling in style
  • Excellent travel discounts
  • Cashback caps: – 

OCBC 365 offers significant discounts and no air miles. That’s why it’s best for people with average $2,000/month expense budgets and diverse spending habits.

 

Standard Chartered Unlimited Cashback Card

  • Annual fees: $192.60 (zero during the first 24 months)
  • Cashback percentages: 1.5% each time you charge the card
  • Rewards: 
    • Up to 21% deduction when you buy Caltex fuel
    • A $379 Apple AirPods Pro or:
    • $300 in cash on your PayNow for minimum purchases of $300 during your first month as a cardholder (limit: 2 May 2021) 
    • $30 on PayNow for veteran cardholders
  • Cashback caps: unlimited

We recommend Standard Chartered Unlimited to people with higher expense budgets of $7,000 and above.

Also, this card is for you if you dislike having a minimum spending amount. The StanChart Unlimited Cashback Card does not have a minimum spending amount and a cashback cap!

If that’s you, this card will get you lots of cashback and rebates for general purchases. On the downside, it features no travel perks.

 

OCBC Frank 

    • Annual fees: $80 (zero during the first 24 months)
  • Cashback percentages: 
  • 6% discount when you buy things online and using the app 
  • 6% discount when you’re paying contactless with your phone 
  • 6% discount for foreign currency 
  • 0.3% cash back for everything else
  • 6% discount when you buy $600+ items with FX, your phone, or online 
  • Rewards: 
    • Zero charges on your credit card for minimum expenses of $10,000 
    • If you buy products that cost a minimum of $80 on Zalora, you can get a 15% discount with the VISA15OFF code (limit: 30 June 2021)
  • Cashback caps: $75/month

This credit card will fir you if you have a tight budget or if you’re making most of your purchases online. People who prefer contactless payments will also get maximum reward value from this card.

 

Citi SMRT Card

  • Annual fees: $192.60 (zero for the first twelve months)
  • Cashback percentages: 
    • 5% when getting groceries
    • 7.3% at FairPrice XTRA Kallang Wave
    • $5 Qmoney Cashback at Qoo10 for minimum purchases of $50 (limit: 25 May 2021)
  • Rewards: 
    • 3% when shopping online 
    • 2% for health & wellness
    • 5% for fast food, movies, coffee
    • Up to 14% deductions at Esso and Shell
    • $6 discounts at Shopee for a minimum of $79 (limit: 30 June 2021)
    • $5 discount at Lazada for a minimum of $60 (limit: 27 April 2021) 
  • Cashback caps: $600 (annual SMRT$ deduction)

If you’re a hip Millennial, consider Citi SMRT Card. You’re going to need it if most of your expenses are spent on food and transport. Their auto-reload partnership with SMRT will make your commute a lot more convenient.

This credit card will help you do all the social spending you crave while also regaining the rein on your essential purchases.

 

Credit Card Vs. Personal Loan

Credit-Card-Vs-Personal-Loans-BST-Credit-Singapore-2

Have you decided on your credit card? Will the card meet your needs and what are you planning to use the money for?

If you are looking for a lump sum of cash for emergencies, home renovations or any other purpose, do consider BST Credit’s financial packagaes. We offer loans at low interest rates that will 100% be lower than that of credit cards.

You can easily apply in minutes here.

To compare the interest rates between credit cards and personal loans, read our guide here.

Find out more about BST Credit, the licensed moneylender with 99% positive reviews here.

 

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