7 Best Unlimited Cashback Credit Cards for Singapore

Priscilla Lee
Updated:

Regular cashback cards are great, but they come with their own set of conditions.

Having to make sure we meet the minimum spend AND still stay under the cashback cap for whatever spending category is yet another task occupying precious mindspace. It’s hard enough staying on top of things as it is, right?

Worse still, if we have an unavoidable big expense – like furnishing a new home – we may get a paltry 0.3% cashback after we exceed those cashback caps.

Enter unlimited cashback cards. With them, you no longer have to think about tracking your purchases per category. Spend as you will and be assured that you’re getting the same base rebate for all your purchases.

Read also: 9 Best Cashback Credit Cards for Singapore

Today, we’ve shortlisted seven unlimited cashback cards to help you save as you spend:

Best Unlimited Cashback Credit Cards in Singapore (2022)

Credit CardMonthly Minimum Spend to Unlock Max CashbackCashback RangeUnlimited Cashback
American Express True Cashback CardNone1.5 – 3%1.5%
CIMB Visa Infinite CardS$2,0001 – 2%1 – 2%
CIMB World MastercardS$500 to S$1,0001 – 2%1 – 2%
UOB Absolute Cashback CardNone1.7%1.7%
Citi Cash Back+ CardNone1.6%1.6%
Maybank FC Barcelona Visa Signature CardNone1.6%1.6%
Standard Chartered Unlimited CashbackNone1.5%1.5%

1. American Express True Cashback Card

PROMO: Receive S$80 CapitaVouchers

American Express True Cashback Card

Lower-than-average annual fees and two free supplementary cards make the AMEX True Cashback Card an attractive offer. While not the best unlimited cashback rate in the market, it may be worthwhile for families that see high spending on typically excluded categories.

PROMO: Receive S$80 CapitaVouchers

First off, this card offers a welcome bonus of 3% cashback on up to S$5,000 spend in the first 6 months. That’s an extra S$75 in cashback, assuming you charge that much to the card in half a year.

There’s no cap as to how much 1.5% cashback you can earn thereafter, and AMEX doesn’t disqualify expenses that most other card providers would – like insurance premiums and hospital bill payments, for example. In fact, ineligible transactions are few and far between, including only categories like instalment plans and bank fees (okay, fair enough).

Not so good: After the welcome bonus runs out, the 1.5% cashback rate isn’t the best you’ll find in the market.

Annual fee: S$171.20 with fee waiver for first year

Eligibility: Minimum 21 years old with at least S$30,000 annual income

Current promotion: Until 30 September 2022, new applicants receive S$80 CapitaVouchers with S$250 spend in the first month. Click to apply.

2. CIMB Visa Infinite Card

PROMO: Receive an ErgoTune Classic (worth S$399) or S$250 cash

CIMB Visa Infinite Card

Designed for high earners who frequently travel, the CIMB Visa Infinite is a low-maintenance card that offers unlimited 2% cashback on travel, overseas, and online spending in foreign currencies. Folks not bitten by the travel bug need not apply.

PROMO: Receive an ErgoTune Classic (worth S$399) or S$250 cash

“Wait, I thought unlimited cashback cards didn’t have minimum spend?”

Partially true – with the CIMB Visa Infinite, you’ll earn unlimited 1% cashback from the very first dollar. But if you spend S$2,000 in a month, you’ll qualify for unlimited 2% cashback on travel, overseas spending, and foreign currency transactions.

Essentially, this card is designed for high earners who frequently travel and/or spend in foreign currencies (whether locally or abroad).

It also packs quite a few travel perks, such as complimentary global lounge access and discounts at airport dining outlets, limo transfers, and Meet & Greet services.

Not so good: High annual income requirement with a monthly minimum spend of S$2,000 to qualify for the 2% cashback rate.

Annual fee: Free!

Eligibility: Minimum 21 years old with at least S$120,000 in annual income or a fixed deposit collateral of S$50,000

Current promotion: New applicants receive an a ErgoTune Classic (worth S$399) or S$250 cash upon minimum spend of S$988 within the first 60 days of card approval. Click to apply.

3. CIMB World Mastercard

PROMO: Receive an ErgoTune Classic (worth S$399) or S$250 cash

CIMB World Mastercard

The CIMB World Mastercard claims it has the highest unlimited cashback in SG, but don’t miss the fine print. This card will only benefit those who spend significant amounts on wine & dining, digital entertainment, ride-hailing, and luxury goods.

PROMO: Receive an ErgoTune Classic (worth S$399) or S$250 cash

Like the CIMB Visa Infinite, the CIMB World Mastercard has a minimum spend if you want to qualify for maximum cashback. There are two tiers of note:

  1. With a minimum monthly spend of S$1,000, you’ll get unlimited 2% cashback on dining, food delivery, movies, digital entertainment, taxis and automobiles (including ride-hailing apps), and luxury goods.
  2. If you spend less than S$1,000 but more than S$500, you’ll get unlimited 1% cashback on eligible categories plus all other spend.

That’s a fairly good deal considering there are no annual fees and you’ll get unlimited cashback for everyday expenses.

Transactions like prepaid card top-ups, insurance premiums, taxes, and utilities are excluded from eligible transactions. 

Not so good: Requires a minimum monthly spend of S$500 to unlock unlimited cashback, making this card not as fuss-free as one would hope from an unlimited cashback card.

Annual fee: Free!

Eligibility: Minimum 21 years old with at least S$30,000 annual income or a fixed deposit collateral of S$10,000

Current promotion: New applicants receive an ErgoTune Classic (worth S$399) or S$250 cash upon minimum spend of S$988 within the first 60 days of card approval. Click to apply.

4. UOB Absolute Cashback Card

PROMO: Get S$250 Grab vouchers for new-to-UOB Credit Cardmembers

UOB Absolute Cashback Card

UOB touts its Absolute Cashback Card as having the best unlimited cashback rate, and it’s upheld that reputation so far. With almost no spending exclusions, this is a must-have card for insurance premiums, GrabPay top-ups, healthcare bills, and more.
Read full review
PROMO: Get S$250 Grab vouchers for new-to-UOB Credit Cardmembers

At a 1.7% base rate for unlimited cashback, this card offers the highest rebate in Singapore – with no minimum spend and no spending exclusions! Like the AMEX True Cashback Card, everything from insurance to e-wallet top-ups can qualify as eligible transactions.  A pretty good deal that many cards don’t offer.

Not so good: Higher fees than the AMEX True Cashback Card. Also, it’s an American Express card, which isn’t as widely accepted as Mastercard or Visa.

Annual fee: S$192.60 with fee waiver for first year

Eligibility: Minimum 21 years old with at least S$30,000 annual income

Current promotion: Get S$250 Grab vouchers for the first 200 new-to-UOB Credit Cardmembers who successfully apply in the month of September 2022. Spend a minimum of S$1,500 within 30 days from card approval date to be eligible. (Valid until 31 September 2022) Click to apply.

5. Citi Cash Back+ Card

PROMO: Receive a Apple iPad 9th Gen (worth S$499) or an ErgoTune Supreme V3 (worth S$850) or the latest Apple Watch SE 2nd Gen (worth S$379) or S$350 cash

Citi Cashback+ Card

The Citi Cash Back+ Card sits in the middle of the pack with its unlimited cashback rate and exclusions. Combined with its excellent welcome promotions, this is a card worth considering if you’re new to Citibank.

PROMO: Receive a Apple iPad 9th Gen (worth S$499) or an ErgoTune Supreme V3 (worth S$850) or the latest Apple Watch SE 2nd Gen (worth S$379) or S$350 cash

To top off their Citi Cash Back Card offer, the Citi Cash Back+ card has no cap nor minimum spend requirement for the 1.6% cashback you can earn per month. Compared with the CIMB cards, this makes it a lot more straightforward to earn cashback.

Not so good: Bill payments, insurance, transit-related transactions, and top-ups don’t qualify for unlimited 1.6% cashback, though you can still earn on certain disqualified transactions with Citi PayAll.

Annual fee: S$192.60 with fee waiver for first year 

Eligibility: Minimum 21 years old with at least S$30,000 annual income

Current promotion: Receive a Apple iPad 9th Gen (worth S$499) or an ErgoTune Supreme V3 (worth S$850) or the latest Apple Watch SE 2nd Gen (worth S$379) or S$350 cash with a minimum spend of S$500 on eligible goods and services within 30 days of card approval. Click to apply.

6. Maybank FC Barcelona Visa Signature Card

PROMO: Receive S$80 cash

Maybank FC Barcelona Visa Signature Card

The Maybank FC Barcelona Card checks a number of important boxes: low annual fees, chance of automatic fee waiver, and decent cashback rate. Just be sure to only charge local expenses to this card, as you won’t get much for any foreign transactions.

PROMO: Receive S$80 cash

The unique perk of this card is that it offers you a chance to win a trip for two to catch FC Barcelona live every season. But even if you’re not a football fan, you can still apply for this card for its 1.6% unlimited cashback for all Singapore spend.

Foreign currency transactions don’t qualify for the unlimited cashback, but you’ll earn Maybank TREATS points on those.

While comparable to the Citi Cash Back+ Card in its cashback rate and exclusions, this card still has an upper hand with its lower annual fee and automatic fee waiver upon meeting the minimum annual spending.

Not so good: Unlimited cashback strictly limited to Singapore-based expenses.

Annual fee: S$128.40 with fee waiver for first two years. Automatic fee waiver with a total minimum spend of S$10,000 per year

Eligibility: Minimum 21 years old with at least S$30,000 annual income

Current promotion: Receive S$80 cash via PayNow upon card approval. Plus the first 4,500 new applicants get a Samsonite Harts 68/25 Spinner worth S$550 when they spend a minimum of S$300 for each of the first two consecutive months upon approval. Click to apply.

7. Standard Chartered Unlimited Cashback

PROMO: Get up to S$220 cashback when you spend $200 on eligible transactions within 30 days of card approval

Standard Chartered Unlimited Cashback Card

Consumers planning for major life-changing events (e.g. home renovations, marriage) may want to consider this card. Otherwise, there are other unlimited cashback cards offering better rates with fewer exclusions.
Unlimited
1.5% cashback on all spending
No Minimum
spending required
S$280
cashback plus 6 months of Disney+
Read full review
PROMO: Get up to S$220 cashback when you spend $200 on eligible transactions within 30 days of card approval

There are two things this card has got going for it:

  1. It’s a Mastercard, which is preferable over American Express.
  2. It beats the AMEX True Cashback Card by offering an extra year on its annual fee waiver.

There’s also the potential to earn 3% cashback if you pair this card with the Standard Chartered Unlimited$aver, although you’ll need at least a balance of S$100,000 for the bonus cashback.

Cardholders can also earn cashback from payments for education, taxes, insurance, and rental with SC EasyBill – categories typically excluded with other card providers. A word of caution though: you might pay up to 1.9% in non-refundable processing fees for this service, so be sure it’s worth it! (You can check on the actual fees before you submit the transaction via SC’s EasyBill portal.)

Not so good: 1.5% for unlimited cashback is the lowest on this list.

Annual fee: S$192.60 with fee waiver for first two years

Eligibility: Minimum 21 years old with at least S$30,000 annual income

Which Unlimited Cashback Card Is Best?

This depends on what you’re using it for.

For example, the CIMB Visa Infinite Card is great if you’re going on a big trip next month, but it’s not great if you’re homebound for the next few months.

On the other hand, the UOB Absolute Cashback Card is a popular pick for its stable, high unlimited cashback rate – unlike other cards that usually only have higher unlimited cashback rates for a promo period.

Note though that if you’re looking to maximise cashback, unlimited cashback cards are useful only above about S$6,000 in spending – or if you can’t meet the minimum spend requirements for regular cashback cards. Otherwise, it’s better to go with a cashback card that fits your spending profile.