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| Monthly Spend | S$1K | S$2K | S$4K | S$6.5K | S$10K |
|---|---|---|---|---|---|
| Net Reward Yield | 1.6% | 1.6% | 1.6% | 1.6% | 1.6% |
| Est. Monthly Reward (S$) | 15 | 30 | 60 | 100 | 160 |
| All-Singapore Rewards Rank* | 33 | 34 | 29 | 21 | 18 |
| Within Bank Rank* | 4 | 5 | 4 | 2 | 2 |
| * Based on est. net reward yield for more than 70 credit cards in Singapore, for each monthly spending level. Read about how we calculate the net reward yield here & here. | |||||
The Citi Cash Back+ Card gives 1.6% cashback on all your spending making it the best cashback card in Singapore in our opinion.
The Cash Back+ offers unlimited cashback with no minimum monthly spending requirements, which means there are no hoops for you to jump through in order to enjoy the rewards on this card.
Technically, the UOB Absolute Cashback Card offers a slightly higher cashback rate of 1.7%.
However the UOB Absolute is only available as an American Express credit card – there is no Visa or Mastercard option.
Since the acceptance of Amex cards is slightly lower than the other two networks in Singapore and across the world, we do not recommend the Absolute.
However if you are comfortable with Amex cards, the UOB Absolute is the provides the highest cashback in Singapore.
For the rest of us, the Citi Cash Back+ is the best cashback card in Singapore.
| Card | Citi Cash Back+ Card |
|---|---|
| Card Type | Cashback |
| Cashback Features | 1.6% Cashback on all spends |
| Reward Caps | Unlimited |
| Other Rewards & Benefits | – S$1 million travel coverage when you charge your travel tickets
– S$10 off every S$120 spend on Elfuego – S$5 return voucher with any spend on Yonehachi – S$10 return voucher with any spend on Beauty In The Pot |
| Preferred Redemption Method | Cashback |
| Card | Citi Cash Back+ Card |
|---|---|
| Income Criteria | S$30,000 |
| Annual Fee | S$194.40 |
| Min. Annual Credit Card Spend for Fee Waiver |
N/A |
| Supplementary Card Fee | Free |
| Interest Rate | 26.90% |
| Foreign Currency Markup | 3.25% |
| Cash Advance Charge | 6% or S$15, whichever is higher |
The Maybank Family & Friends Credit Card is the best credit card in Singapore if you charge less than S$4,000 a month to your card.
It has the highest cashback rate of 8% on 5 spending categories of your choice and also the highest monthly cashback cap of S$125.
We estimate you can earn a reward yield of 3.0 – 4.8% with this card on monthly spends between S$800 – 4,000.
The KrisFlyer UOB Credit Card is the best rewards card in Singapore for monthly spends above S$4,000 a month.
You can earn up to 3 miles per dollar spent with this card on dining, travel & online fashion and 1.2 miles per dollar on most other transactions.
We estimate you can earn a reward yield of 2.5 – 2.8% on all your spending with this card.
The Citi Cash Back+ is the best cashback credit card if you spend more than S$7,800 a month on your card. Its cashback rate of 1.60% with no caps, overall or by category, is one of the highest in Singapore.
Learn more about which is the best card for you by reading our pieces on the best rewards card, the best cashback card and the best card combos in Singapore.
If you drive, consider our piece on the best card for petrol and if you’re a travel bug, read about the best card for travel.
Questions? Suggestions? See a mistake? Write to us!
2.2 VOYAGE Miles / S$1 on Foreign Spends and 1.3 Miles on Local Spends. Unlimited Complimentary Airport Lounge Visits. Above average but not great, high fee.
3.2 KrisFlyer mpd on Grab, 2 mpd on Singapore Airlines & KrisShop and 1.2 miles on the rest. Overseas spends earn 2 mpd in June & December only.
6.67% cashback on Shopee, Grab, SimplyGo, Giant, Cold Storage, CS Fresh, Jasons & UOB travel. All other spending earns 3.33% cashback capped at S$200 / Qtr.
