Best Credit Card for Cashback in Singapore (2026)
Find the best Singapore credit card for cashback. Net value after fees, based on real spend patterns. 6 cashback cards compared on fees, caps, and net returns for 2026.
Updated 21 June 2026·6 cards · 5 min scan·CardHungry
Top pick · HSBC Revolution Credit Card
Net / yr
$988
Annual fee
Free
Return
3.4%
Top picks
Net annual value · moderate spend
Number one pick: HSBC Revolution Credit Card, $988 per year net
HSBC Revolution Credit Card
HSBC
Net / yr
$988
Fee
Free
Top
10%
- ✓Best net value on this list — about $988/yr in your pocket after fees on typical spends.
- ✓Best for dining/online — 10%, up to S$100/mo.
Maybank Family & Friends Card
Maybank
Net / yr
$966
Fee
Free
Top
8%
- ✓Strong runner-up at $966/yr net — roughly $22 behind #1 on the same spend mix.
- ✓Best for groceries/dining/transport — 8%, up to S$80/mo.
HSBC Revolution Credit Card
HSBC
Net / yr
$988
Fee
Free
Top
10%
- ✓Best net value on this list — about $988/yr in your pocket after fees on typical spends.
- ✓Best for dining/online — 10%, up to S$100/mo.
UOB One Card
UOB
Net / yr
$801
Fee
$192
Top
Up to 10%
- ✓Worth a look — $801/yr net, still ahead of 3 other eligible cards.
- ✓Best for partner spends — Up to 10%, up to S$100/mo per category.
Why #2–#6 rank here
Ranked by net annual value on a moderate spend profile. Each line ties to issuer T&Cs, fees, caps, and your eligibility band. How we calculate NAV
- Strong runner-up at $966/yr net — roughly $22 behind #1 on the same spend mix.
- Best for groceries/dining/transport — 8%, up to S$80/mo.
- No annual fee — what you earn isn't eaten by membership cost.
2Maybank Family & Friends CardMaybank
- Strong runner-up at $966/yr net — roughly $22 behind #1 on the same spend mix.
- Best for groceries/dining/transport — 8%, up to S$80/mo.
- No annual fee — what you earn isn't eaten by membership cost.
Full review →Net / yr
$966
- Worth a look — $801/yr net, still ahead of 3 other eligible cards.
- Best for partner spends — Up to 10%, up to S$100/mo per category.
- Rewards ($1,032/yr) still beat the $192 fee on this profile.
3UOB One CardUOB
- Worth a look — $801/yr net, still ahead of 3 other eligible cards.
- Best for partner spends — Up to 10%, up to S$100/mo per category.
- Rewards ($1,032/yr) still beat the $192 fee on this profile.
Full review →Net / yr
$801
- #4 here with $696/yr net (~2.42% back on your spends).
- Best for dining, groceries, transport — 6%, up to S$80/mo per category.
- Rewards ($922/yr) still beat the $192 fee on this profile.
4OCBC 365 Credit CardOCBC
- #4 here with $696/yr net (~2.42% back on your spends).
- Best for dining, groceries, transport — 6%, up to S$80/mo per category.
- Rewards ($922/yr) still beat the $192 fee on this profile.
Full review →Net / yr
$696
- #5 here with $615/yr net (~2.14% back on your spends).
- Best for dining/groceries — 6%, up to S$60/mo.
- No annual fee — what you earn isn't eaten by membership cost.
5SC Smart Credit CardStandard Chartered
- #5 here with $615/yr net (~2.14% back on your spends).
- Best for dining/groceries — 6%, up to S$60/mo.
- No annual fee — what you earn isn't eaten by membership cost.
Full review →Net / yr
$615
- #6 here with $605/yr net (~2.1% back on your spends).
- Best for dining/groceries — 8%, up to S$25/mo each.
- Rewards ($838/yr) still beat the $194 fee on this profile.
6Citi Cash Back CardCiti
- #6 here with $605/yr net (~2.1% back on your spends).
- Best for dining/groceries — 8%, up to S$25/mo each.
- Rewards ($838/yr) still beat the $194 fee on this profile.
Full review →Net / yr
$605
Why each card ranks here
Ranked by net annual value on a moderate spend profile. Each line ties to issuer T&Cs, fees, caps, and your eligibility band. How we calculate NAV
- Best net value on this list — about $988/yr in your pocket after fees on typical spends.
- Best for dining/online — 10%, up to S$100/mo.
- No annual fee — what you earn isn't eaten by membership cost.
1HSBC Revolution Credit CardHSBC
- Best net value on this list — about $988/yr in your pocket after fees on typical spends.
- Best for dining/online — 10%, up to S$100/mo.
- No annual fee — what you earn isn't eaten by membership cost.
Full review →Net / yr
$988
- Strong runner-up at $966/yr net — roughly $22 behind #1 on the same spend mix.
- Best for groceries/dining/transport — 8%, up to S$80/mo.
- No annual fee — what you earn isn't eaten by membership cost.
2Maybank Family & Friends CardMaybank
- Strong runner-up at $966/yr net — roughly $22 behind #1 on the same spend mix.
- Best for groceries/dining/transport — 8%, up to S$80/mo.
- No annual fee — what you earn isn't eaten by membership cost.
Full review →Net / yr
$966
- Worth a look — $801/yr net, still ahead of 3 other eligible cards.
- Best for partner spends — Up to 10%, up to S$100/mo per category.
- Rewards ($1,032/yr) still beat the $192 fee on this profile.
3UOB One CardUOB
- Worth a look — $801/yr net, still ahead of 3 other eligible cards.
- Best for partner spends — Up to 10%, up to S$100/mo per category.
- Rewards ($1,032/yr) still beat the $192 fee on this profile.
Full review →Net / yr
$801
- #4 here with $696/yr net (~2.42% back on your spends).
- Best for dining, groceries, transport — 6%, up to S$80/mo per category.
- Rewards ($922/yr) still beat the $192 fee on this profile.
4OCBC 365 Credit CardOCBC
- #4 here with $696/yr net (~2.42% back on your spends).
- Best for dining, groceries, transport — 6%, up to S$80/mo per category.
- Rewards ($922/yr) still beat the $192 fee on this profile.
Full review →Net / yr
$696
- #5 here with $615/yr net (~2.14% back on your spends).
- Best for dining/groceries — 6%, up to S$60/mo.
- No annual fee — what you earn isn't eaten by membership cost.
5SC Smart Credit CardStandard Chartered
- #5 here with $615/yr net (~2.14% back on your spends).
- Best for dining/groceries — 6%, up to S$60/mo.
- No annual fee — what you earn isn't eaten by membership cost.
Full review →Net / yr
$615
- #6 here with $605/yr net (~2.1% back on your spends).
- Best for dining/groceries — 8%, up to S$25/mo each.
- Rewards ($838/yr) still beat the $194 fee on this profile.
6Citi Cash Back CardCiti
- #6 here with $605/yr net (~2.1% back on your spends).
- Best for dining/groceries — 8%, up to S$25/mo each.
- Rewards ($838/yr) still beat the $194 fee on this profile.
Full review →Net / yr
$605
Net value snapshot
Rewards minus annual fee on your spend profile
- #1HSBC Revolution Credit Card$988#1HSBC Revolution Credit Card$988
- #2Maybank Family & Friends Card$966#2Maybank Family & Friends Card$966
- #3UOB One Card$801#3UOB One Card$801
- #4OCBC 365 Credit Card$696#4OCBC 365 Credit Card$696
- #5SC Smart Credit Card$615#5SC Smart Credit Card$615
Before you apply
Category fit first
This guide ranks cashback cards by net annual value — pick the one that matches your real spends in this category.
Net value over hype
Subtract annual fees and model monthly caps before comparing headline reward rates.
Apply once
One well-matched application beats multiple CBS enquiries in the same month.
Frequently asked questions
Which credit card is best for cashback in Singapore?+
No single winner — it depends on monthly cashback spend, caps, and fee structure. This guide compares 6+ cards by net annual value.
Are reward caps important for cashback cards?+
Critical. A high rate with a low cap often loses to a lower unlimited rate. Always convert caps to absolute annual currency.
Do cashback cards work with wallets and QR payments?+
Often not. Wallet loads, rent, EMI, and government payments are commonly excluded. Check issuer MCC exclusions before applying.
Can I hold multiple cashback cards?+
Yes, but one primary cashback card plus a general-purpose backup is usually optimal. Diminishing returns after that.
Will CardHungry spam me after I apply?+
No. Zero outbound sales calls. Optional email updates capped at 2 messages. One-click unsubscribe.
Full written guide
Methodology, tables, eligibility & fine print · ~8 min read
Full written guide
Methodology, tables, eligibility & fine print · ~8 min read
Looking for the best credit card for cashback in Singapore? Generic top-10 listicles ignore your income, monthly caps, excluded MCCs, and whether you can actually get approved. This CardHungry guide analyses 6 leading cards with reward rules, net annual value across three spend profiles, exclusions, and who each card suits best — updated June 2026.
Flat cashback cards are the easiest to understand but often carry the strictest caps. Always convert the headline rate to absolute annual rupees: 5% on ₹10,000/month capped at ₹5,000 = ₹6,000/year max from that category.
On this page
What matters for cashback cards
- Effective rate after caps — divide annual cap by annual spend to get true yield.
- Category MCC coding — some merchants classify as "general" not "cashback".
- Partner lock-in — co-brand cards only win at specific merchants.
- Annual fee breakeven — fee must be recovered from cashback rewards alone or cross-category value.
- Stacking rules — most issuers forbid combining offers; read T&Cs.
Annual fee breakeven example
If a card charges $999/year and offers 5% on cashback with a $5,000/month cap, maximum cashback rewards = $6,000/year. Net after fee = $5,001 — but only if you actually hit the cap every month. Partial spends reduce this sharply.
Net value by spend profile
| Card | Light spender | Moderate | Heavy |
|---|---|---|---|
| HSBC Revolution Credit Card | $429 | $988 | $2,146 |
| Maybank Family & Friends Card | $431 | $966 | $2,063 |
| UOB One Card | $208 | $801 | $1,773 |
| OCBC 365 Credit Card | $196 | $696 | $1,829 |
| SC Smart Credit Card | $265 | $615 | $1,323 |
Net annual value after annual fee and estimated forex. Caps applied per issuer T&Cs.
Top cashback credit cards — full breakdown
1. HSBC Revolution Credit Card
Issuer: HSBC · Tier: Gold · Annual fee: Lifetime free
No-fee rewards card
Eligibility snapshot
- Min monthly income (salaried): $30,000
- Secured / FD-backed: No — standard unsecured
- Approval note: Indicative only. CBS checked by bank at application, not by CardHungry.
Reward structure
- dining: 10% cashback — cap $100/month
- online shopping: 10% cashback — cap $100/month
- all: 0.4% cashback
Headline highlight: 10% on Dining/online (cap S$100/mo)
Net value estimate (moderate spend profile)
- Gross annual rewards: $1,022
- Annual fee: −$0
- Forex markup cost (est.): −$34 (2.8% on international spends)
- Net annual value: $988 (3.43% effective return)
Key benefits
- 10% on dining
- 10% on online
- 10% on entertainment
- No annual fee
Exclusions & fine print
Typically excluded or reduced: Insurance, Government payments, Balance transfers.
Best for: Dining & online spenders
Read full HSBC Revolution Credit Card review with spend simulator →
2. Maybank Family & Friends Card
Issuer: Maybank · Tier: Gold · Annual fee: Lifetime free
Family daily spends
Eligibility snapshot
- Min monthly income (salaried): $30,000
- Secured / FD-backed: No — standard unsecured
- Approval note: Indicative only. CBS checked by bank at application, not by CardHungry.
Reward structure
- groceries: 8% cashback — cap $80/month
- dining: 8% cashback — cap $80/month
- fuel: 8% cashback — cap $80/month
- all: 0.3% cashback
Headline highlight: 8% on Groceries/dining/transport (cap S$80/mo)
Net value estimate (moderate spend profile)
- Gross annual rewards: $1,000
- Annual fee: −$0
- Forex markup cost (est.): −$34 (2.8% on international spends)
- Net annual value: $966 (3.35% effective return)
Key benefits
- 8% on groceries
- 8% on dining
- 8% on transport
- No annual fee
Exclusions & fine print
Typically excluded or reduced: Insurance, Government payments, Balance transfers.
Best for: Family daily spends
Read full Maybank Family & Friends Card review with spend simulator →
3. UOB One Card
Issuer: UOB · Tier: Gold · Annual fee: $192 · Signup bonus: $100
Flat cashback on daily spends
Eligibility snapshot
- Min monthly income (salaried): $30,000
- Secured / FD-backed: No — standard unsecured
- Approval note: Indicative only. CBS checked by bank at application, not by CardHungry.
Reward structure
- online shopping: 10% cashback — cap $100/month
- groceries: 5% cashback — cap $100/month
- all: 1% cashback
Headline highlight: Up to 10% on Partner spends (cap S$100/mo per category)
Net value estimate (moderate spend profile)
- Gross annual rewards: $1,032
- Annual fee: −$192
- Forex markup cost (est.): −$39 (3.25% on international spends)
- Net annual value: $801 (2.78% effective return)
Key benefits
- Up to 10% cashback
- Grab/Shopee bonuses
- Fee waiver on spend
Exclusions & fine print
Typically excluded or reduced: Insurance, Government payments, Balance transfers.
Best for: Grab/Shopee users · Quarterly cashback tiers
Read full UOB One Card review with spend simulator →
4. OCBC 365 Credit Card
Issuer: OCBC · Tier: Gold · Annual fee: $192
Daily essentials cashback
Eligibility snapshot
- Min monthly income (salaried): $30,000
- Secured / FD-backed: No — standard unsecured
- Approval note: Indicative only. CBS checked by bank at application, not by CardHungry.
Reward structure
- dining: 6% cashback — cap $80/month
- groceries: 6% cashback — cap $80/month
- fuel: 6% cashback — cap $80/month
- online shopping: 3% cashback
- all: 0.3% cashback
Headline highlight: 6% on Dining, groceries, transport (cap S$80/mo per category)
Net value estimate (moderate spend profile)
- Gross annual rewards: $922
- Annual fee: −$192
- Forex markup cost (est.): −$34 (2.8% on international spends)
- Net annual value: $696 (2.42% effective return)
Key benefits
- 6% on dining
- 6% on groceries
- 6% on transport
- 3% on online
Exclusions & fine print
Typically excluded or reduced: Insurance, Government payments, Balance transfers.
Best for: Everyday spenders · Dining & grocery cashback
Read full OCBC 365 Credit Card review with spend simulator →
5. SC Smart Credit Card
Issuer: Standard Chartered · Tier: Gold · Annual fee: Lifetime free
Smart everyday cashback
Eligibility snapshot
- Min monthly income (salaried): $30,000
- Secured / FD-backed: No — standard unsecured
- Approval note: Indicative only. CBS checked by bank at application, not by CardHungry.
Reward structure
- dining: 6% cashback — cap $60/month
- groceries: 6% cashback — cap $60/month
- all: 0.5% cashback
Headline highlight: 6% on Dining/groceries (cap S$60/mo)
Net value estimate (moderate spend profile)
- Gross annual rewards: $654
- Annual fee: −$0
- Forex markup cost (est.): −$39 (3.25% on international spends)
- Net annual value: $615 (2.14% effective return)
Key benefits
- 6% on dining
- 6% on groceries
- No annual fee
Exclusions & fine print
Typically excluded or reduced: Insurance, Government payments, Balance transfers.
Best for: Everyday spenders
Read full SC Smart Credit Card review with spend simulator →
6. Citi Cash Back Card
Issuer: Citi · Tier: Gold · Annual fee: $194.40 · Signup bonus: $120
Citi everyday cashback
Eligibility snapshot
- Min monthly income (salaried): $30,000
- Secured / FD-backed: No — standard unsecured
- Approval note: Indicative only. CBS checked by bank at application, not by CardHungry.
Reward structure
- dining: 8% cashback — cap $25/month
- groceries: 8% cashback — cap $25/month
- all: 1.6% cashback
Headline highlight: 8% on Dining/groceries (cap S$25/mo each)
Net value estimate (moderate spend profile)
- Gross annual rewards: $838
- Annual fee: −$194
- Forex markup cost (est.): −$39 (3.25% on international spends)
- Net annual value: $605 (2.1% effective return)
Key benefits
- 8% on dining
- 8% on groceries
- 1.6% on all other spends
Exclusions & fine print
Typically excluded or reduced: Insurance, Government payments, Balance transfers.
Best for: Dining & grocery spenders
Read full Citi Cash Back Card review with spend simulator →
Common cashback card mistakes
- Choosing a partner card when you split spends across merchants.
- Ignoring wallet-load exclusions (PhonePe/Paytm loads often earn zero).
- Paying annual fee without hitting fee-waiver spend threshold.
- Assuming surcharge waiver equals reward rate (fuel cards).
Compare before you apply
Headline rates mislead. Compare your top two picks side-by-side or use the 2-minute quiz for a ranked shortlist including cards you may not have considered.
Disclaimer
Reward rates, caps, and fees sourced from issuer public T&Cs as of June 2026. CardHungry is a third-party platform — not a bank, not a credit bureau. Approval not guaranteed. We earn commission if approved — at no cost to you. Zero sales calls.
Your spends are different
These picks use the moderate profile above. Edit spends to re-rank this page, or take CardHungry's quiz — no CBS pull.
CardHungry is a third-party recommendation platform, not a bank or credit bureau. Approval estimates are indicative based on public eligibility criteria. Reward calculations use issuer T&Cs and may change. We earn commission if you are approved — at no cost to you.