Best Cashback Credit Cards in Singapore 2024

Best Cashback Credit Cards in Singapore 2024

Here is a comprehensive look at Cashback Credit Cards in Singapore 2024! Cashback credit cards are becoming essential tools for wise shoppers trying to stretch their budgets to the limit in today’s financial environment. Your key to finding the best cashback credit cards with attractive advantages and incentives catered to Singapore’s ever-changing market is this guide.

These cards are made to put money back in your pocket with every purchase, regardless of whether you’re a regular traveler, diner, or shopper. Come along as we explore the world of cashback benefits and see how the finest credit cards in Singapore with cashback may improve your financial path till 2024 by changing your purchasing patterns.

Best Cashback Credit Cards in Singapore 2024

Best Cashback Credit Cards in Singapore 2024

1

UOB EVOL Credit Card

on Online and Mobile Contactless spend8% Cashback
Cash Back Cap per monthUp to S$60
Min. Spend per monthS$600

Get S$350 Cash Credit from UOB when you are the first 200 new-to-UOB customers who successfully apply for an eligible UOB Credit Card and spend a min. of S$1,000 per month, for 2 consecutive months from the card approval date.

Cashback Features:

  • 8% cashback on Online and Mobile Contactless spend
  • No annual fees when you make 3 transactions per month consecutively for 12 months before your card annual fee charge date
  • S$60 cashback cap (capped at S$20 per category: Online, Mobile Contactless and Other spend)
  • With min S$600 spend per statement month, otherwise base cashback of 0.3% will be awarded for all spend. Exclusions and T&Cs at uob.com.sg/evoltncs
2

Citi Cash Back+ Mastercard

Cash Back on Eligible Spend1.6%
Min. Spend per monthS$0
Cash Back CapUnlimited

Get a Sony WH-1000XM5 Wireless Noise Cancelling Headphones (worth S$589) or an Apple iPad (9th Gen), 64GB (worth S$508.30) or a Nintendo Switch OLED (worth S$549) or S$300 Cash via PayNow, in as fast as 6 weeks from meeting the S$500 spend criteria!

Cashback Features:

  • 1.6% cash back on your eligible spend all year round
  • No minimum spend required and no cap on cash back earned
  • Cash back earned does not expire
  • Redeem your cash back instantly on-the-go
  • General exclusions apply, for e.g. annual fees, instalments, bills, payments to educational, governmental, and financial institutions, insurance premiums, and more
  • With Citi PayAll, you can earn and accumulate Citi Miles, Citi ThankYou PointsSM or Cash Back quickly when you pay your big-ticket bills such as rent, insurance premiums, education expenses, taxes, utilities and more
3

American Express True Cashback Card

on up to $5,000 spend in the first 6 months for new Card Members3.0% Cashback
all subsequent eligible purchases1.5% Cashback
Cash Back CapUnlimited

Get S$150 Cash via PayNow or an Apple AirPods 3rd Gen (worth S$ 263.80) when you apply for an American Express True Cashback Card and spend a min. of S$500 in Qualifying Spends within the first month of card approval!

Cashback Features:

  • Unlimited & Immediate Cashback – No min spend and no cap on how much you earn. Get your cashback in the same month’s statement.
  • 3% Cashback on all eligible purchases, up to $5,000 spend in the first 6 months for new Card Members.
  • 1.5% unlimited Cashback on all subsequent eligible purchases with no minimum spending and no earn cap
4

UOB One Card

Cashback on McDonald’s, DFI Retail Group, Grab, Shopee, SP and moreUp to 10%
Cashback Cap per quarterUp to S$500
Min. Spend per monthS$500

Get S$350 Cash Credit from UOB when you are the first 200 new-to-UOB customers who successfully apply for an eligible UOB Credit Card and spend a min. of S$1,000 per month, for 2 consecutive months from the card approval date.

Cashback Features:

  • Up to 10% cashback on McDonald’s (including McDelivery®)
  • Up to 10% cashback at Shopee Singapore (excludes ShopeePay)
  • Up to 10% cashback at DFI Retail Group (Cold Storage, CS Fresh, Giant, Guardian, 7-Eleven & more)
  • Up to 10% cashback at Grab (including GrabFood, excludes Grab mobile wallet top-ups)
  • Up to 10% cashback on SimplyGo (bus and train rides)
  • Up to 10% cashback on UOB Travel
  • Up to 4.33% cashback on Singapore Power utilities bill
  • Up to 3.33% cashback on all retail spend (based on S$500, S$1,000 or S$2,000)
5

Standard Chartered Simply Cash Credit Card

Cash Back on Eligible spendUp to 1.5%
Min. Spend per monthS$0
Cash Back Cap per monthUnlimited

Get a Nintendo Switch OLED (worth S$549) or a Hinomi Q1 Ergonomic Chair (worth S$499) or a Apple Watch SE (worth S$382.50) or a Apple AirPods Pro (worth S$365.70) or a ErgoTune Classic Ergonomic Chair (worth S$399) or a Titan V1 Foldable Bike (worth S$399) or up to S$370 Cash via PayNow* when you apply and meet the relevant spend criteria!

Cashback Features:

  • 1.5% cashback awarded for all eligible purchases, such as dining, online shopping, local and overseas spend
  • Cashback terms and conditions: General exclusions such as bills, payments to educational, financial, and governmental institutions, and GrabPay top up apply
Best Cashback Credit Cards in Singapore 2024

In conclusion, the realm of cashback credit cards in Singapore for 2024 offers unparalleled opportunities for consumers to earn rewards while managing their expenses smartly. By leveraging the best cashback credit cards, you can enjoy the benefits of putting money back in your pocket with every purchase, whether it’s groceries, dining, travel, or everyday essentials. Remember to assess factors such as cashback rates, annual fees, rewards categories, and additional perks when selecting the right card for your spending habits and lifestyle.

With strategic planning and responsible usage, these cards can be valuable tools in maximizing your savings and enhancing your financial well-being in the year 2024 and beyond. Here’s to making every purchase count and unlocking the full potential of cashback rewards!

Do check out our list of Credit Cards in Singapore and have time to check their services.

Frequently Asked Questions

FAQs

What are cashback credit cards, and how do they work?

Cashback credit cards offer a percentage of your spending back as cash rewards. For example, if a card offers 5% cashback on dining, you’ll receive 5 cents back for every dollar spent on dining.

What are the benefits of using cashback credit cards in Singapore for 2024?

Cashback credit cards allow you to earn rewards on your everyday purchases, providing savings and value over time. They can also come with additional perks like discounts, rewards points, or welcome bonuses.

How do I choose the best cashback credit card for my needs in Singapore?

Consider factors such as cashback rates, spending categories (e.g., dining, groceries, petrol), annual fees, minimum spend requirements, redemption options, and any additional perks or benefits offered by the card.

What types of purchases typically earn cashback rewards on these credit cards?

Cashback rewards can apply to various categories, including dining, groceries, petrol, online shopping, travel expenses, utilities, and more. Check the card’s terms and conditions for specific details.

Are there any limitations or restrictions on earning cashback rewards with these credit cards?

Some cashback credit cards may have caps on the maximum cashback amount you can earn per month or per transaction. Additionally, certain purchases or transactions may not be eligible for cashback rewards.

How do I redeem the cashback rewards earned from my credit card in Singapore?

Cashback rewards can typically be redeemed as statement credits, bank deposits, vouchers, or used towards offsetting future purchases. Check with your credit card issuer for redemption options and procedures.

Can I combine cashback rewards from multiple credit cards in Singapore?

Cashback rewards are specific to each credit card, so they cannot be combined across different cards. However, you can use multiple cashback cards strategically to maximize rewards in different spending categories.

What should I do if I encounter issues with cashback rewards or have questions about my credit card in Singapore?

Contact the credit card issuer’s customer service for assistance with cashback rewards, account inquiries, disputed transactions, or any other issues you may encounter. They can provide guidance and support.

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