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    Best Cash Rebate Credit Cards in Singapore

    Credit cards come with different features and benefits, with the most common types of benefits being cash rebates, discounts and reward points. There are credit cards that meet varied interests of customers. If you are somebody who rejoices dining in exquisite locations and get rewarded for it, a dining credit card will most certainly be your best bet – these cards give you excellent discounts on dining at participating merchants, with many establishments being some of the most sought after dining places in Singapore. Then there are credit cards for online shopping, rebates, entertainment and more.

    Whether it is dining, entertainment, travel or anything else for that matter, reward points and rebates are the most common types of benefits associated with credit cards. As for cash rebates, there are many credit cards out there in the market, each loaded with their own set of features and benefits.

    Let’s take a look at the most popular cash rebate credit cards in Singapore. These credit cards offer rebates on a wide variety of purchases – entertainment, movies, travel, dining and more. We take a look at the 5 best cash rebate credit cards in Singapore and evaluate their pros and cons so that you get a good idea of what you can expect from these cards if you r interest is cash rebate cards.

    List of 5 Best Cash Rebate Credit Cards in Singapore

    • Standard Chartered Unlimited Cashback Card
    • OCBC 365 credit card
    • Citi Cashback Visa Card
    • HSBC Advance Credit Card
    • American Express True Cashback Card

    The Standard Chartered Unlimited Cashback Card

    Known to be one of the most popular cash rebate cards in Singapore, the Standard Chartered Unlimited Cash rebate Card comes with a host of benefits and features. You receive a cash rebate of 1.5% on every purchase or expenditure you make using your card. The card comes with a clutch of other benefits as well – most notable benefits include cash withdrawal option, instalment payments, insurance and more. Let’s evaluate the card’s pros and cons:

    Pros of the Standard Chartered Unlimited Cashback Card:

    • No limit on the amount of cash rebate that can be earned.
    • Cash rebates on all purchases you make – from groceries to online shopping and travel related expenditure, you earn cash rebates.
    • You’ll receive cash rebates on your overseas expenses as well.
    • When you apply for the card, you get to choose your joining benefit – you can either choose to receive a cash rebate of S$138, a S$150 Uber credit or a S$150 credit at Caltex stations in Singapore.

    Cons of the Standard Chartered Unlimited cashback Card:

    • The card comes with a higher annual fee in comparison to most other cards.
    • Although the card provides a cash rebate of 1.5% on all purchases, in comparison, the cash rebate is quite low in comparison to some other popular cash rebate credit cards in Singapore.

    The OCBC 365 Credit Card

    The 365 Card is one of the most popular credit cards in ICBC’s line-up of credit cards, with the most notable benefit being cash rebates on purchases. The card also comes with a host of other benefits including a high credit limit, discounts at dining establishments and instalment payment options. Let’s take a look at the pros and cons of the OCBC 365 Credit Card:

    Pros of the OCBC 365 Credit Card:

    • You can rebates of up to 6% at participating dining establishments in Singapore. Some of these places are amongst the most popular merchants in Singapore.
    • You get discounts (in the form of cash rebates) of 3% on online shopping.
    • The card also offers excellent fuel discounts (again, the form of cash rebates) of up to 23.9% at Caltex fuel stations across Singapore and up to 18.3% at Esso stations in Singapore.
    • You also get a 3% rebate on recurring telephone bills, and supermarkets across the globe.

    Cons of the OCBC 365 Credit Card

    • The OCBC 365 Card comes with a relatively high annual fee of S$192.60 – higher than many other cards offering cash rebates as benefits.
    • When it comes to groceries and dining, there are other cards that offer better cash rebates.

    The American Express True Cashback Card

    Known to be one of the most popular cash rebate cards in Singapore, the American Express True Cash rebate Card gives you cash rebates of about 1.5% on purchases you make using the card. The card also comes with several other benefits that include a 3% cash rebate during the first three months of purchasing the card and no minimum expenditure. Let’s take a look at the most prominent pros and cons of the credit card:

    Pros of the American Express True Cashback Card:

    • There is no minimum expenditure that you have to make through your card in order to own cash rebates, much unlike other cards that require you to meet a minimum spend criteria in order to qualify for cash rebates.
    • The card lets you earn cash rebates on all expenses and purchases.
    • There is no cap on the amount of cash rebates you can earn with the credit card.

    Cons of the American Express True Cashback Card:

    Well, although the credit card gives you a 1.5% cash rebate on your expenses, it is much lower than other cards that offer cash rebates of more than 3% in many cases, on select categories including entertainment, dining and online shopping.

    • Although there isn’t a minimum spend criteria that you have to meet, it in order to use the card optimally, you will have to spend upwards of S$3,000 in order really get palpable cash rebate benefits.

    The Citi Cashback Visa Credit Card

    Previously known as the Citi Dividend Card, the Citi Cashback Visa Credit Card is the most popular cash rebate credit card in Citibank’s credit card line-up. The card comes with benefits including dining discounts and discounts at fuel stations. Let’s take a look at some of the most notable pros and cons associated with the Citi cash rebate Visa Card:

    Pros of the Citi Cashback Visa Credit Card:

    • You will receive a cash rebate of 8% on expenses at dining establishments and grocery shopping.
    • You get discounts of up to 20.88% on fuel purchases at Esso Stations across the Island State.
    • All other expenditure incurred on your credit card will give you a 0.25% cash rebate.

    Cons of the Citi Cashback Visa Credit Card:

    • In order to qualify for the cash rebate, you will be required to spend a minimum of S$888 a month – which is quite high in relation to other cash rebate or reward cards that have a minimum spend associated with their discounts or rewards.
    • A cash rebate of 0.25% on all other expenses is negligible.
    • Cash rebates are capped at S$25 per month on dining and grocery shopping.

    The HSBC Advance Credit Card

    HSBC is always known to offer credit cards that are loaded with a clutch of benefits and offers. Among its vast credit card product offering, the HSBC Advance Card figures on top as far as its popularity is concerned. The card lets you earn rebates of up to 3.5% on all expenses and other discounts, mostly related to fuel. Let’s take a look at some pros and cons of the HSBC Advance Credit Card:

    Pros of the HSBC Advance Credit Card:

    • Cash rebates can be earned on all expenses, with cash rebate rates being as high as 3.5%.
    • You can enjoy discounts in the form of rebates at Shell and Caltex fuel stations across Singapore. The extent of rebates is 16%.
    • You will receive a S$120 cash rebate when you apply for the HSBC Advance Credit Card.

    Cons of the HSBC Advance Credit Card:

    • You are required to spend a minimum amount I order to enjoy real cash rebates.
    • Cash rebates are capped at S$125 per month.

    Compare & Review Best Cash Rebate Credit Cards

    Credit Card

    Rebates/Rewards

    Earning Limit

    Minimum Spend Required

    Other Perks

    The HSBC Advance Credit Card

    Rebates of up to 3.5% on all expenses.

    Cash rebates are capped at S$120 a month.

    Minimum spend of S$2,000 required in order to enjoy real benefits of the cash rebate.

    Discounts of up to 16% on fuel at Shell and Caltex stations across Singapore.

    A S$120 cash rebate upon successfully applying for the credit card.

    The OCBC 365 Credit Card

    Cash rebates of 6% on weekdays – dining and entertainment.

    Cash rebates of 3% on the weekdays.

    3% cash rebate on online shopping as well.  

    Cash rebates are capped at S$80 per month.

    A minimum spend of S$600 required in order to eligible for cash rebate offers.

    Excellent discounts on fuel purchases at Esso and Caltex stations across Singapore.

    Long list of participating merchants when it comes to dining, with some merchants being amongst the most popular in Singapore.

    The Standard Chartered Ultimate Cashback Credit Card

    Cash rebate of 1.5% on all expenditure you make using your credit card.

    No limit on the amount of cash rebates that you can earn.

    No minimum spend required.

    You can enjoy discounts on online shopping, grocery shopping, fuel purchases and more.

    The Citi Cashback Visa Credit Card

    Cash rebates of up to 8% on dining and groceries.

    Cash rebates on other expenses as well.

    Cash rebates capped at S$25 for each category.

    You are required to make a minimum spend of S$888 in order to qualify for cash rebates.

    You will receive cash rebates on all your expenses.

    American Express True Cash rebate Credit Card

    5% Rebates on cinema and entertainment related expenses.

    Not available

    The minimum spend on the card is S$300 per month.

    You can earn up to 10% on purchases made online.

    The card offers rebates on grocery shopping, dining and online shopping as well.

    You can enjoy fuel savings of 15.8% at Shell and 16.5% at Esso stations across the Island State of Singapore.

    How to choose the best cash rebate credit card? Know the various aspects involved

    If you wish to choose the best cash rebate credit card in Singapore, here are some things you should consider:

    Card eligibility criteria: Note that any credit card, whether it offers benefits in the form of rebates or cash rebates, has certain eligibility criteria that need to be met. The eligibility criteria mostly depend on the income. If you are a Singaporean citizen or a Permanent Resident, the income eligibility is slightly less than that required for a foreigner. So depending on your income, you can choose a credit card that has an income eligibility requirement that matches your income level. Cards that come with better benefits have more stringent eligibility criteria that need to be met.

    Your credit score: Your credit score is another very important parameter that determines the approval or rejection of your credit card application. You must note that if you do not have the minimum credit score (in accordance with the bank’s internal credit norms), your application will result in rejection. Making timely credit card payments and avoiding defaults and late payments will result in a good credit score, helping your credit card application a great deal.

    Choosing a category of your choice: Cash rebate credit cards offer cash rebates on varied categories. While there are some cards that offer cash rebates on fuel, others offer cash rebates on grocery shopping, online shopping or entertainment. On the basis of your requirement, you can choose a cash rebate card that offers cash rebates on an area that matches your personal interest.  

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