Guide to the Best Cashback Credit Cards + When to Use Which Cards

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When it comes to cashback cards, there are often many things to consider, such as minimum spends, existing relationship with bank, or spending caps. This page aims to list which are the cashback credit cards that will provide the highest cashback in a specific spending category.

Use this as a guide, and even use multiple cards strategically to maximise your cashback returns.

Note: Where possible, we try to prioritise cards with the following:

  • Easier mechanics to get cashback
  • Instant cashback rather than rebates which can only be exchanged for vouchers
  • Cashback within a category rather than co-branded cards for single brands

best cashback credit cards

So here goes, which are the best cashback credit cards for…

Dining: Restaurants and Cafes

  1. CIMB Visa Signature – 10% (min. spend S$500, cashback capped at S$60/mth)
  2. BOC Family Card – 10% worldwide (min. spend S$700, cashback capped at S$30/mth)
  3. Citi Cash Back Card – 8% worldwide (min. spend S$888, cashback capped at S$25/mth/category)

Dining: Fast Food

  1. CIMB Visa Signature – 10% (min. spend S$500, cashback capped at S$60/mth)
  2. BOC Family Card – 10% worldwide (min. spend S$700, cashback capped at S$30/mth)
  3. Citi Cash Back Card – 8% worldwide (min. spend S$888, cashback capped at S$25/mth/category)
  4. Maybank Family and Friends Card – 8% (min. spend S$1,000, cashback capped at S$600/year)

Shopping Online

  1. DBS Live Fresh Card5% (min. spend S$600, cashback capped at S$60/mth)
  2. Standard Chartered Spree Card – Up to 3% (no min. spend, cashback capped at S$60/mth)
  3. OCBC Frank – 6% (min. spend S$400 offline, cashback capped at S$60/mth)
  4. BOC Zaobao Credit Card10% (min. spend S$600, cashback capped at S$80/mth)

Shopping offline + department stores

  1. OCBC Robinsons Card – 5%-10% rebate at Robinsons and other merchants like Zara and Royal Sporting House (no min. spend or caps)
  2. BOC Zaobao Credit Card10% at department stores (min. spend S$600, cashback capped at S$80/mth)

Entertainment & Movies

  1. UOB YOLO Card – 3% on weekdays and 8% on weekends (min. spend S$600, cashback capped at S$60/mth)
  2. OCBC Frank – 3% on weekday and 5% on weekends (min. spend S$400 offline, cashback capped at S$60/mth)

Groceries

  1. BOC Family Card – 5% (min. spend S$700, cashback capped at S$40/mth)
  2. Maybank Family and Friends Card – 8% (min. spend S$1,000, cashback capped at S$600/year)
  3. Citi Cash Back Card – 8% (min. spend S$888, cashback capped at S$25/mth/category)
  4. BOC Sheng Siong Card – Up to 12% (min. spend S$400 out-of-store, cashback capped at S$90/mth)
  5. UOB Delight Card – Up to 8% SMART$ rebates at Cold Storage, Market Place, Jasons (min. spend S$800, SMART$ rebate capped at 50/mth)

Recurring Telco Bills

  1. BOC Family Card – 5% (min. spend S$700, cashback capped at S$40/mth)
  2. HSBC Visa Platinum – 5% (min. spend S$400, cashback capped at S$120/quarter)
  3. OCBC 365 Card – 3% (min. spend S$600, cashback capped at S$80/mth)
  4. UOB Delight Card – 3% SMART$ rebates (min. spend S$800, SMART$ rebate capped at 50/mth)
  5. Citi M1 Platinum Visa Card – Up to 10% on M1 ((min. spend S$600, cashback capped at S$300/year)

Petrol

  1. BOC Zaobao Credit CardUp to 30.7% cash rebate at Shell or SPC (min. spend S$600, cashback capped at S$80/mth)
  2. DBS Esso Card – Up to 23.6% at Esso
  3. OCBC 365 Card – Up to 23% at Caltex
  4. UOB One Card – Up to 24%

Health & Wellness stores

  1. CIMB Platinum MasterCard – 10% (min. spend S$500, cashback capped at S$60/mth)
  2. Maybank Family & Friends Card – 8% at Unity, Guardian and Watsons (min. spend S$1,000, cashback capped at S$600/year)
  3. POSB Everyday Card – 3% at Watsons

Hospitals

  1. CIMB Platinum MasterCard – 10% (min. spend S$500, cashback capped at S$60/mth)
  2. BOC Family Card – 5% (min. spend S$700, cashback capped at S$40/mth)

Other health and wellness expenditure

  1. CIMB Platinum MasterCard – 10% for Doctors, Dentists, Optometrists, Opticians, Chiropractors, Cosmetic Stores (excluding department stores), Hairdressers, Massage Parlours, Health and Beauty Spas (min. spend S$500, cashback capped at S$60/mth)

Insurance payments

  1. HSBC Advance Card – Up to 2.5% (no min. spend, cashback capped at S$70/mth)
  2. OCBC Great Eastern Cashflo Card – 1%
  3. Citi SMRT Card – 1% for Ace Insurance and Prudential (min. spend S$300, SMRT$ capped at S$600/year)
  4. UOB Delight Card – 3% SMART$ rebates for Prudential Insurance (min. spend S$800, SMART$ rebate capped at 50/mth)

Grab, Uber and taxi rides

  1. Standard Chartered cards – 20% on Grab until 30 April 2018 (min. retail spend S$900, cashback capped at S$50/mth)
  2. Citi Cash Back Card – 8% on Grab until 30 June 2018 (min. spend S$888, cashback capped at S$25/mth/category)
  3. BOC Family Card – 5% on Grab (min. spend S$700, cashback capped at S$30/mth)

Travel (Airlines, Hotels, Travel Agencies, Cruise Lines, Railways and Ferries)

  1. CIMB Platinum MasterCard – 10% (min. spend S$500, cashback capped at S$60/mth)

Other general spends

  1. American Express True Cashback Card – 1.5% (no min. spend, no caps)
  2. Standard Chartered Unlimited Cashback Card – 1.5% (no min. spend, no caps)
  3. HSBC Advance Card – Up to 2.5% (no min. spend, cashback capped at S$70/mth, Advance banking customer +1% more cashback)

There we go! These are what we think are the best cashback credit cards that we should be using to get the most out of our spending. Bookmark this page because we’ll be updating this regularly.

If you think we’ve missed out a great cashback card or don’t agree with something, let us know and we’ll look into it right away!

Related: Ultimate Guide to Choosing a Credit Card

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