• loading

    We found 11 Cashback on Credit Cards
    Card
    1st Year Fee
    Rewards
    Joining Perks
    321
    What you get
    What you need
    What you'll love
    What you need to consider
    What it costs
    0
    What you get
    What you need
    What you'll love
    What you need to consider
    What it costs
    0
    S$150 WORTH OF CAPITAVOUCHERS BANKBAZAAR EXCLUSIVE DEAL
    What you need
    What you'll love
    What you need to consider
    What it costs
    BankBazaar Exclusive Deal
    0
    S$150 WORTH OF CAPITAVOUCHERS BANKBAZAAR EXCLUSIVE DEAL
    What you get
    What you need
    What you'll love
    What you need to consider
    What it costs
    BankBazaar Exclusive Deal
    0
    What you get
    What you need
    What you'll love
    What you need to consider
    What it costs
    0
    What you get
    What you need
    What you'll love
    What you need to consider
    What it costs
    0
    What you get
    What you need
    What you'll love
    What you need to consider
    What it costs
    0
    What you get
    What you need
    What you'll love
    What you need to consider
    What it costs
    0
    S$150 WORTH OF CAPITAVOUCHERS BANKBAZAAR EXCLUSIVE DEAL
    What you get
    What you need
    What you'll love
    What you need to consider
    What it costs
    BankBazaar Exclusive Deal
    0
    S$150 WORTH OF CAPITAVOUCHERS BANKBAZAAR EXCLUSIVE DEAL
    What you get
    What you need
    What you'll love
    What you need to consider
    What it costs
    BankBazaar Exclusive Deal
    0
    S$150 WORTH OF CAPITAVOUCHERS BANKBAZAAR EXCLUSIVE DEAL
    What you get
    What you need
    What you'll love
    What you need to consider
    What it costs
    BankBazaar Exclusive Deal
    Close

    Compare, check your eligibility and apply for credit cards online.

    Credit Card BYTES FROM OUR KITCHEN

    Cashback on Credit Cards

    150-voucher

    Cashback refers to a reward benefit or an incentive program that you receive on your Credit Card from a Bank. When you use your card for purchases, a percentage of the amount is paid back to the cardholder and this is referred to as cashback.

    Features & Benefits

    • Earn a discount on expenses in the form of cash rebates.
    • Cash back may be credited to the credit card account or paid separately.
    • Cash back maybe redeemable at cash value on vouchers, products or as discounts at preferred outlets.
    • The total outstanding due should be paid on time and in full.

    Best Credit Cards with Cash Rebate Deals in Singapore

    Some of the top cashback credit cards available in Singapore are as follows:

    American Express True Cash Back Card

    As its name suggests, this credit card from American Express is ideal for those who are looking for a cashback credit card. This card will reward you for each and every purchase of yours and will also allow you to save a lot money. It comes with very attractive interest rates and a ton of other beneficial features. With the American Express True Cash Back Card you can get up to 1.5 percent as a cash back for all your transactions. There is an annual fee of S$171.20 but it is waived for the first year and so you can enjoy numerous benefits without having to pay a lot of money as an annual fee for the card.

    OCBC Great Eastern Cashflo Credit Card

    It is the ultimate credit card from OCBC Singapore for those who want to save money through cash rebates. Instead of getting a percentage of your transaction as cash back later, you will get a cash rebate i.e. a discount on the transaction amount. Thus, the savings will be available to you instantly and you will be able to better utilize your credit card limit. You will get the option of choosing your preferred category and then you can get a cash rebate of 5 percent for dining, travel, hotels, restaurants, cinemas, bars etc. There is no minimum spend limit for availing the cash rebate benefit offered with this card.

    POSB Everyday Card

    POSB offers only a single credit card in the island and it is adorned with so many beneficial features that it is one of the most preferred credit cards for Singaporeans. You will enjoy cash rebates of 2 percent when you use your card for transactions abroad. Thus, this card will be your ideal companion when you travel to any foreign country. Apart from cash rebates, you can also earn reward points and the same can be redeemed for a variety of deals, discounts and shopping vouchers from some of the top domestic and international merchants. The card also enjoys wide acceptability and comes with relatively lower interest rates.

    Latest Cash Back Promotions & Offers in Singapore

    Banks offer many introductory offers and promotional offers on cash back credit cards. You could get a chance to get the best credit card suitable for you at the best deals on reward points, annual fees and other charges. Look out for these offers to maximise your total rewards and benefits.

    • American Express True Cashback Card offers 1.5% cash back on any purchase you make at any time. It also waives the annual fee for the first year.
    • Citibank Cash Back Card enables you to save up to 18.3% on fuel, 5% on groceries, health and beauty, and 2% on dining.
    • MANHATTAN World MasterCard from Standard Chartered offers up to 3% Cash Back (up to a maximum of $800 a year) on eligible purchases plus a suite of exclusive lifestyle privileges.
    • UOB One card offers up to 3.33% cash rebate on all spends, an additional 2% on overseas spend, and you could also earn up to 20% SMART$ rebate at over 800 merchants.

    Eligibility

    The eligibility criteria for these cards depends on the card issuer. However, there are certain common criteria which are as follows:

    • You should be minimum 21 years of age
    • You should have a minimum annual income of S$30,000.
    • If you do not meet the income criteria, you should pledge your fixed deposit account as a collateral and the balance of your fixed deposit account should be minimum S$50,000.
    • You should be a Citizen or Permanent Resident of Singapore
    • You should be a foreigner residing in Singapore who has valid work permits and other documents.

    Documents Required

    In order to apply for cash back credit cards in Singapore, you will mostly likely need to submit the following documents:

    • Photocopy of your NRIC (both sides);
    • Proof of residential address;
    • Income proof;
    • Photocopy of passport or employment pass;
    • Photocopy of CPF statement etc.
    • Assessment of Income

    How Does Cash Back work?

    Most credit cards offer cashback as a reward program to its customers. While a few banks cap the amount that can be earned for the respective month, other credit cards do not have any cap on the how much you can earn.

    For instance, if you are getting a cashback of 5% on grocery spends, this may be capped at S$50 per month and may require you to have a minimum card spend of S$200 every month. In case you do not spend S$200 on your groceries but spend S$200 on any other purchases, you may receive a flat rate of 0.50% that will amount to S$1.

    If you consider this illustration, by spending S$200 on your groceries, you will get 5% cashback that equals to S$10 as opposed to S$1 when you do not meet the minimum spend requirement.

    While there are plenty of credit cards that offer this benefit, not all of them give cashback for all the purchases you make. You may have to spend on select categories to reap this benefit.

    Will I save money using cashback?

    Credit card companies will provide Cash rebate on specific spends such as groceries, dining, petrol, etc. When you spend on these particular categories, you will enjoy better savings. Some credit card companies will only provide cashback if you spend a minimum amount per month. However there are credit cards that offer a flat cashback rate on ALL purchases made using that credit card, but the rate will be lower when compared to cards that offer higher cashback on specific spend categories.

    FAQs

    1. How can I earn cash back?
    2. Depending on the credit card you have chosen, you will be able to earn cash back on eligible purchases as stated by the bank.

    3. How do I redeem cash back earned?
    4. Banks generally allow you to redeem cash back in the following ways:

      • Redeem it for gift vouchers.
      • Credit to the credit card account.
      • Use it to pay for purchases at preferred outlets.
      • Donate it to charities.
      • Electronic transfer to your savings account.
    5. Is there a minimum cash back I need to earn in order to redeem it?
    6. Yes, there may be a minimum limit set by your bank to be able to redeem cash back earned. It may be $25 or even $100 depending on the terms and conditions set by the bank.

    7. Can I use cashback to pay off my credit card dues?
    8. No, most banks will not allow you to use cash back against your balance. Furthermore, cash back earned may be negated if you have an outstanding balance carried forward.

    News About Cashback Credit Cards

    • Now earn cashback on your daily spends with OCBC 365 credit card!

      OCBC 365 credit card is well known for its cashback rewards. Up until now, the card offered cashback rewards on Dining, Online shopping, Petrol, Telecommunication and other minor expenses. Recently the card added another benefit to its already extensive range of cashback benefits. Now you can avail cashback rewards on everyday spends. OCBC 365 credit card is now offering 3% cashback on spends on personal care at Body Shop, Watsons and Unit pharmacy and at supermarkets all over Singapore. The cardholder should spend a minimum of S$600 in a calendar month to avail the cashback offer. For purchases below S$600, cashback of 0.3% is awarded. The cashback is capped at S$80 per calendar month.

      16th November 2016

    • 5 percent cash back with all the overseas spends

      Run Time: This is an ongoing promotional offer and this will continue till 31st May, 2016

      Particulars: This particular promotional offer is valid for all the BOC credit card holders. When you spend a minimum amount of SGD 200 using your BOC credit card, you can avail a cash back of 5 percent.

      Terms and conditions

      Please, contact the bank to know more about the terms and conditions of this promotional offer.

    • OCBC Credit Cards SGD 35 Cash Rebate Promotion

      Run Time: This promotion is available from 1 Feb, 2016 to 30 Apr, 2016.

      Get a cash rebate of SGD 35 by spending a minimum amount of SGD 3,500 for a single transaction through the 0 percent interest instalment plan available with OCBC Credit Cards.

      Terms and conditions laid down by OCBC Bank might be applicable.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.