Which Are The Best Rewards Credit Cards In Singapore?

Key Takeaways

Explores the best rewards credit cards in Singapore categorised by cashback, travel miles, and online shopping benefits. It highlights top cards like UOB One Card, DBS Altitude Visa Card, and OCBC 365 Card, focusing on annual fees, key benefits, and spending requirements. Tips to maximise rewards include using category-specific cards, meeting spending thresholds, and paying balances in full.



Credit cards have become an integral part of financial management in Singapore. They offer more than just a convenient payment method. They also provide a variety of rewards that can enhance shopping, dining, and travel experiences. However, choosing the right rewards credit card depends significantly on your lifestyle and spending habits.

This guide will discuss the top rewards credit cards available in Singapore, helping you identify which card best aligns with your needs. Whether you’re a frequent shopper, a travel enthusiast, or someone looking for cashback on daily expenses, there’s a card for you.

Best Rewards Credit Cards in Singapore by Category

For Cashback Enthusiasts

UOB One Card

The UOB One Card is known for its generous cashback rewards, particularly suited to those with consistent spending habits. With an annual fee of $196.20 waived for the first year, it offers up to 10% cashback on popular categories such as Grab and Shopee. It’s ideal for users who spend a minimum of $2,000 per month, ensuring they maximise their returns.

Maybank Family & Friends Card

Tailored for moderate spenders, the Maybank Family & Friends Card offers an attractive 8% cashback on groceries, dining, and streaming services, with a minimum spend of $800 per month. Its annual fee is $196.20 but is waived for the first three years, making it an excellent option for budget-conscious users.

OCBC 365 Card

The OCBC 365 Card is a perfect everyday card, offering up to 6% cashback on daily expenses. It charges an annual fee of $196.20, which can be waived by spending at least $10,000 annually. This card also offers cashback on utilities and transport, making it suitable for family spenders.

For Frequent Travelers

DBS Altitude Visa Card

This card is a traveller’s companion, offering up to 2.2 miles per dollar on retail spend. The annual fee of $196.20 can be waived in the first year. The annual fee can be waived in subsequent years with a minimum spend of $25,000 on retail. It is designed for those who spend a significant amount on travel annually.

Citi PremierMiles Visa Card

The Citi PremierMiles Visa Card offers flexible miles that never expire, making it ideal for occasional travellers who don’t want to worry about losing their rewards. With an annual fee of $196.20 waived for the first year, cardholders can accumulate miles on every spend, whether locally or abroad.

KrisFlyer UOB Credit Card

The KrisFlyer UOB Credit Card is specifically designed for loyal customers of Singapore Airlines, offering an appealing way to earn air miles. With no annual fee for the first year and a rate of $196.20 thereafter, cardholders can earn up to 3 KrisFlyer miles for every dollar spent, making it an excellent choice for regular SIA flyers.

American Express Singapore Airlines KrisFlyer Card

This card links directly to your KrisFlyer account, streamlining the process of accumulating miles. It offers a competitive 1.1 miles per $1 spent locally, with an enhanced 2 miles spent in Singapore Airlines, Scoot, KriShop, and Grab. The annual fee is $179.85, waived for the first year.

For Online Shoppers and Millennials

OCBC Frank Card

The OCBC Frank Card targets young adults and frequent online shoppers with a low annual fee of $196.20, waived for the first two years. It offers a 10% cashback on online and mobile app purchases, ideal for those who prefer digital shopping.

Standard Chartered Unlimited Cashback Card

For those who disdain spending thresholds, the Standard Chartered Unlimited Cashback Card provides 1.5% cashback on all purchases with no caps. The card’s annual fee of $196.20 is waived for the first two years, offering an attractive proposition for high-spenders who value simplicity.

For Dining and Grocery Rewards

OCBC 365 Card

Reiterated for its broad utility, the OCBC 365 Card also shines for dining and grocery transactions, offering up to 5% cashback in these categories. It’s a solid choice for those who spend consistently on food and home supplies.

Citi SMRT Card

Designed for savvy spenders who also want rewards on everyday expenses, the Citi SMRT Card offers up to 5% cashback on groceries and dining. With a focus on commuter benefits as well, it provides up to 5% savings on taxis and public transport. The annual fee is $196.20, which is waived for the first year.

Comparison Table of Top Rewards Credit Cards

The table below summarises the key features of the top rewards credit cards in Singapore, providing a quick reference to help you choose the right card for your needs.

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Tips to Maximise Credit Card Rewards

Use the Right Card for the Right Spend

Different cards offer different rewards for various spending categories. To maximise your benefits, use specific cards for their highest cashback or miles categories. For instance, use a dining rewards card for eating out and a grocery card for supermarket purchases.

Meet Minimum Spending Requirements

Many cards offer higher reward rates if certain spending thresholds are met. Make sure you’re aware of these requirements and plan your purchases accordingly to avoid missing out on higher rewards.

Stay Within Cashback Caps

Some cards have limits on how much cashback you can earn monthly or annually. Keep track of your spending to ensure you’re not exceeding these caps, which could diminish the value of your rewards.

Pay Balances in Full

To avoid paying interest, which can quickly negate the value of any rewards, always pay your credit card balance in full each month. This keeps your credit score healthy and your financial costs low.

Be Aware of Annual Fees

While many cards waive the annual fee for the first year, subsequent years can carry significant fees. Evaluate whether the benefits you receive from the card outweigh the annual cost.

Regularly Review Your Card Benefits

Credit card offers and rewards can change. Regularly review your credit card terms and conditions and any new offers in the market to ensure your current card still best suits your needs.

Making the Right Choice: Selecting Your Ideal Credit Card

Choosing the right rewards credit card can significantly enhance your spending efficiency, allowing you to enjoy benefits tailored to your lifestyle, whether it’s for dining, travel, or everyday purchases.

Each card offers unique advantages, and selecting the best one for your needs involves careful consideration of your spending habits, reward preferences, and financial goals. In your journey to optimising your financial tools, remember that credit cards are just one aspect of managing your finances.

For those times when you need a bit more financial flexibility or assistance beyond what your credit card can provide, U Credit is here to help. We have a variety of loan options, ensuring you have the support you need to manage your financial commitments effectively. If you’re considering a loan to complement your financial strategy, feel free to apply for a loan with us at U Credit.

Renee Koh

As a customer engagement and content marketing lead, Renee is focused on one thing: Making customers happy and keeping them informed. She taps on her experience in banking and e-commerce to perform her duties and loves how fickle customers are. That way, she can keep learning new skills to keep up with them, reasoned the proud mum of a Jack Russell.