Singapore cashback cards in 2026 compete on headline rates — 6%, 8%, even 10% — but caps, minimum spend, and category exclusions determine real value. A flat 1.5% card with no hoops sometimes beats a complex multi-category structure after you model your actual monthly buckets.

How to evaluate cashback cards

Monthly or quarterly cashback caps — S$20–S$80 on bonus categories is common.
Minimum spend requirements to unlock elevated rates.
Exclusions: insurance, tax, government payments, and wallet top-ups.
Annual fees and waiver conditions — factor net value after year one.

Category buckets that matter

Groceries — NTUC, Cold Storage, and online grocery delivery.
Dining — restaurants, food delivery, and hawker via PayNow-linked spend.
Transport — EZ-Link, SimplyGo, and ride-hailing.
Online shopping — regional e-commerce and subscription services.

Model your spend CardHungry's quiz calculates net annual cashback across Singapore cards using your real category totals and cap hit rates — not marketing headline percentages.

Flat vs category cashback

Flat-rate cards suit diversified spenders who won't hit multiple category caps. Category cards win when 60%+ of your budget sits in one or two buckets — but only if those spends aren't excluded and you meet minimum spend thresholds.

Rotating bonus categories require activation each quarter. Missing registration means base-rate earnings only — a common reason actual cashback falls short of expectations.

Confirm you meet each card's MAS income tier before applying. Premium cashback cards with higher rates often require S$50,000+ annual income and a clean CBS report.

Rewards

Best Cashback Credit Cards in Singapore (2026)