8 Best Student Credit Cards to Earn Rewards in Singapore

Shania Wong
Updated:
MoneyMate best credit cards for students Singapore

Even without a regular income, students are eligible for credit cards.

The caveat is that unlike normal credit cards, these credit cards are specifically tailored to a student’s lifestyle. That means no minimum income requirement, low annual fees, and low spending limits to name a few.

But even if you’re only spending on things like food, fashion, and telco bills, you should still reap the benefits of cashback and rebates.

That’s why today we’ll be sharing our top 8 picks for student credit cards that will suit your specific spending profile.

CardMin. AgeAnnual FeesPerksLink
DBS Live Fresh Student CardDBS Live Fresh Student Card
21$192.60, waived for the first 5 yearsHigh cashback rate for student-friendly brands
CIMB AWSM credit cardCIMB AWSM
18None for life!Cashback on telco bills
Maybank eVibes Credit CardMaybank eVibes Card
18$20, waived for the first 2 yearsUnlimited cashback with no minimum spend
Citibank Clear credit cardCiti Clear Card
18$29.96, waived for the first yearAccess to Citi’s deals and discounts globally
Diners Club Sheng Siong Cobrand CardDiners Club/Sheng Siong Cobrand Card
18$28, waived for the first year2% rebate at all Sheng Siong outlets
OCBC Frank Debit CardOCBC Frank Debit Card
16NoneAll-in-one card with cashback
Diners Club Don Don Donki Cobrand Credit CardDiners Club/Don Don Donki Cobrand Credit Card
18$28, waived for the first year2% rebate at Don Don Donki
BOC Qoo10 Platinum MastercardBOC Qoo10 Platinum Mastercard
18$32.10High rebate rates, especially for public transport and Qoo10

Best for Entertainment: DBS Live Fresh Student Card

PROMO: Get S$150 cashback when you apply with promo code 150CASH and spend a minimum of S$800 within the first 60 days from card approval date

DBS Live Fresh Student Card

The DBS Live Fresh Student Card is an attractive offering, particularly for environmentally-minded young adults. You’d be hard-pressed to find another student card that offers up to 10% cashback with no minimum spend.
No Minimum
monthly spend required
5%
cashback on eligible spending
Eco friendly
card made from 85.5% recycled plastic
Read full review
PROMO: Get S$150 cashback when you apply with promo code 150CASH and spend a minimum of S$800 within the first 60 days from card approval date

Most students have a few items in common on their list of expenses: Spotify, Netflix, online games, and studying at Starbucks for example. With that, the DBS Live Fresh Student Card is a great fit.

This card grants a 5% cashback on all our favourite brands, like McDonald’s & McDelivery, Starbucks, and even Golden Village. If you’re eco-conscious, there’s even an extra 5% green cashback when you spend at any participating eco-friendly merchants (e.g. BlueSG, Scoop Wholefoods, and Bettr Barista).

Any spending outside of the participating merchants will get a 0.3% cashback.

There is, of course, a catch to the high cashback rate. The maximum cashback you can earn is capped at S$50 per month, which isn’t too bad for a student-level credit card. 

Eligibility & Fees:  

  • Age: 21-27 years old
  • Income: No minimum required
  • Eligibility: 
    • Be a Singaporean citizen/PR
    • Be a registered student in NTU, NUS, SMU, SIM, SUTD, SIT, SUSS, NYP, NP, TP, SP, or RP
    • Not have any existing DBS/POSB credit cards
  • Credit limit: S$500
  • Annual Fees: S$192.60, waived for the first 5 years

Cons:

  • Low spending limit means it’s not suitable for big purchases (e.g. a new laptop)
  • Lacks travel and overseas spending rewards

Best for Being Widely Accepted Within SEA: CIMB AWSM Card

CIMB AWSM Card

With no annual fees and unlimited 1% cashback on everyday spending (and telcos!), the CIMB AWSM Credit Card is a great starter option for any NSF or student aged 18 and above. The rebate isn’t the highest in the market, but it’s excellent for a fuss-free card with no minimum spend.
No fee
annual fee
No minimum
monthly spend required
Unlimited
1% cashback for dining, entertainment, online shopping, and telco payments
Read full review

This card offers you unlimited 1% cashback on dining, entertainment, online shopping, and ‘all things’ telco with no minimum spend required. You can even take advantage of the cashback during weekend trips to JB or Batam.

The CIMB card also offers users over 1,000 deals across dining, retail, and lifestyle outlets across Singapore, Malaysia, and Indonesia. That makes this card especially suitable for people who like to dine out and shop online.

The card also gives you cashback on your telco bills, which is an added bonus — as there are certain cards that exclude these recurring charges from cashback eligibility.

Eligibility & Fees:  

  • Age: 18-29 years old
  • Income: No minimum required for students
  • Eligibility: 
    • Be a Singaporean citizen/PR
    • Applicants must not be an existing CIMB credit card member
  • Credit limit: S$500
  • Annual Fees: No annual fees for life!

Cons:

  • Flat 1% cashback with a $500 credit limit means you only get $5 cashback at most 
  • No cash back on groceries, petrol, utilities, and offline retail spending

Best for Overall Cashback: Maybank eVibes Card

PROMO: Get an American Tourister luggage worth S$230

Maybank eVibes Card

For a student card, the Maybank eVibes Card checks the most important boxes: decent cashback, no minimum spend requirement, and easy annual fee waivers. It could use a few improvements with contactless payments, but it’s still a good card for students or NSFs looking to work on their credit scores.
Read full review
PROMO: Get an American Tourister luggage worth S$230

Often touted as the best student credit card, the Maybank eVibes Card gives you 1% cash rebate on anything you buy with no minimum spending requirements. There’s also no cap on the cashback on top of the myriad of deals and discounts for travel, dining, entertainment and online shopping. 

In addition, there are tons of fringe benefits with this card — like 7% off Agoda bookings and compatibility with Samsung Pay.

Eligibility & Fees:  

  • Age: 18-30 years old
  • Income: No minimum required for students
  • Eligibility: 
    • Be a Singaporean citizen/PR
    • Must be existing tertiary students or National Service Full-time (NSF) men accepted to these institutions: Lasalle, NAFA, NIE, NP, NTU, NUS, NYP, RP, SIT, SMU, SP, SUSS, SUTD & TP
    • Applicants must not be an existing Maybank cardholder or CreditAble customer
    • Applicants must not be earning S$30,000 or above per year
  • Credit limit: S$500
  • Annual Fees: S$20, waived for the first 2 years. Subsequent fees will be waived when you charge to your card at least once every 3 months.

Cons:

  • Takes a few days to pay off your credit card bill if you don’t have an existing account with Maybank

Best for Dining Out: Citi Clear Card

PROMO: S$20 cashback welcome gift

Citi Clear Card

The Citi Clear card doesn’t give much in the way of cashback or discounts — the Reward Points aren’t enough to do anything. As a global establishment though, Citibank offers seasonal dining and shopping deals that other cards may not be able to match.
Read full review
PROMO: S$20 cashback welcome gift

If you’re constantly dreaming about exploring new food places and cuisines, this is the card for you! The main perk of this card is that you get access to Citibank’s discounts and promotions globally — including exclusive dining offers at selected restaurants and seasonal promotions on online shopping, e-commerce, and food delivery services.

You also get 1 reward point for every dollar spent, but it takes quite a bit for the reward points to amount to anything.

Eligibility & Fees:  

  • Age: 18 & above
  • Income: No minimum required for students
  • Eligibility: 
    • Be a Singaporean citizen/PR
    • Applicants below the age of 21 must get their parent’s/guardian’s consent and guarantee for the payment of outstanding balances
    • You must be a student from any local polytechnic, university, or any of the following institutions: University of Chicago Booth School of Business, DigiPen, ESSEC, GIST-TUM Asia, INSEAD, S P Jain, Tisch, UNLV, LASALLE-SIA, NAFA, EDHEC-Risk Institute, and Sorbonne-Assas International Law School
    • You must not be an existing Citi primary cardholder (supplementary card members are eligible)
  • Credit limit: S$500
  • Annual Fees: S$29.96, waived for the first year

Cons:

  • Key spending categories such as bills, school fees, and transport are not eligible to earn points
  • Given that it’s an entry-level card, the reward points you accumulate aren’t enough to do anything

Best for Groceries: Diners Club/Sheng Siong Cobrand S$500 Limit Credit Card

Sheng Siong Diners Club Card

If you stay near a Sheng Siong outlet and get all your necessities fulfilled there, then you should get this card. Otherwise, there are many other student credit cards with greater benefits such as the Maybank eVibes card.
Read full review

Looking forward to stocking up on snacks for your next study session? This card has got you covered with a 2% rebate at all Sheng Siong outlets.

Outside of Sheng Siong, you can earn Club Rewards Points when you spend. These points can get you free gifts along with shopping & dining vouchers (S$1=1point). If that’s not enough, you can also earn air miles for your future travels with this card under their KrisFlyer and SkyMiles Frequent Flyer programme.

Eligibility & Fees:  

  • Age: 18-65 years old
  • Income: No minimum required for students
  • Eligibility: 
    • Be a Singaporean citizen/PR
    • Applicants must be full-time students in an educational institution within Singapore
    • Applicants under 21 require parental/guardian consent
    • You must not be an existing Diners Club Basic Cardholder
  • Credit limit: S$500
  • Annual Fees: S$28, waived for the first year

Cons:

  • Diners Club cards are not as widely accepted

Best for Online Shopping: OCBC Frank Debit Card

PROMO: Get a year-long Burpple Beyond Premium membership worth S$99

OCBC Frank Debit Card

The OCBC Frank Debit Card is a great starter option for tertiary students and young adults. Think of it as a cross between a starter savings account and an entry-level credit card: it strikes a good balance between giving you higher-than-average interest rates and cashback on your spending.
Read full review
PROMO: Get a year-long Burpple Beyond Premium membership worth S$99

While not a credit card, it makes the list because of the convenience it offers. The OCBC Frank Debit Card is an all-in-one card to be used as your ATM, transport, and debit card to earn an unlimited 1% cashback with select merchants, such as:

  • Fast food (online or in-store orders)
  • ASOS
  • Lazada
  • Fairprice Online
  • ZALORA
  • Grab

The Frank Debit Card is popular amongst students today because it shows you personalised money insights via the OCBC Mobile Banking app. This 24/7 mobile accountant shows you where your money goes each month and is especially convenient to track your financial goals.

Eligibility & Fees:  

  • Age: 16 & above
  • Income: No initial deposit required
  • Eligibility:
    • Be a Singaporean citizen/PR or foreigner with 6 months’ validity on your passport and an Employment Pass, Special Pass or Student Pass
  • Annual fees: S$0

Cons:

  • Requires a minimum spending of S$400 a month to enjoy the cashback
  • Spending on prepaid or stored value cards (e.g. Ezlink) doesn’t count towards the S$400 minimum

Best for the Avid Don Don Donki Fan: Diners Club/Don Don Donki Cobrand S$500 Limit Credit Card

Diners Club/Don Don Donki Cobrand S$500 Limit Credit Card

If you find yourself spending quite a bit at Don Don Donki, the 2% cashback from the Diners Club Cobrand Card will help you stretch your dollar. Just note that with the low S$500 credit limit, you’re not likely to gain much of any other perks.

Loitered in Don Don Donki so long that you find yourself able to recite their theme song by heart? You might want to consider this card. It entitles you to a 2% rebate on your Don Don Donki purchases at any outlet, capped at S$500 each month. 

Other Diners Club privileges that come with this card includes earning air miles, club rewards points for vouchers, and access to airport lounges in major cities worldwide, among many others. 

Eligibility & Fees:  

  • Age: 18-65 years old
  • Income: No minimum required for students
  • Eligibility: 
    • Be a Singaporean citizen/PR
    • Applicants must be full-time students in an educational institution within Singapore
    • Applicants under 21 require parental/guardian consent
    • You must not be an existing Diners Club Basic Cardholder
  • Credit limit: S$500
  • Annual Fees: S$28, waived for the first year

Cons:

  • Diners Club cards are not as widely accepted

Best for Qoo10 Shopping: BOC Qoo10 Platinum Mastercard

BOC Qoo10 Platinum Mastercard

Hitting the minimum spend of S$200 to qualify for cashback isn’t difficult when transport costs already make up a quarter of this amount. If you’re fine with getting your rebates in Qmoney, then this is one of the better cashback cards you can find.
Read full review

This co-branded card is the first online shopping card in Singapore specially designed for students. If you’re an avid Qoo10 shopper, you may have come across this card that provides shoppers with rebates in the form of Qmoney (Qoo10 credit).

This comes with a minimum spending requirement of S$200 to be eligible for the attractive cash back – 10% Qmoney rebate on public transport, 3% on Qoo10 spend, 3% on select categories like transport and fast food, and 0.3% on all other spending.

Eligibility & Fees:  

  • Age: 18 & above
  • Income: No minimum required for students
  • Eligibility: Anyone who meets the age requirements can apply
  • Credit limit: S$500
  • Annual Fees: S$32.10, waived for the first year

Cons:

  • Cashback comes in the form of Qoo10 credits, not actual cash
  • Maximum cash back of S$30 per month
  • Need to spend at least S$200 a month to qualify for the rebates

The idea of maximising every dollar you spend with rebates, cashback, and miles is very attractive. However, it’s important to remember to manage your budget well and spend within your means while saving for your financial goals.

Not every credit card gives you the cashback instantly, and each usually has its own spending requirements to trigger the rewards. Given that payment methods are now so seamless and convenient, there’s a higher tendency to overspend. That’s why keeping track of your expenses becomes even more important when you get a credit card.