Of all of the various kinds of bank card perks, we now have a mushy spot for cashback. In any case, in a land the place there’s no such factor as a free lunch, the style of free cash is especially candy. However not all cashback is created equal, with some playing cards promising the best cashback charges which can be many occasions extra beneficiant than what others provide.
So which cashback bank card is the fairest within the land in terms of cashback charges?
|
Bank card |
Cashback |
Issues to notice |
|
UOB YOLO Credit score Card |
12% on Seize, eating and leisure (for first 3 months of card membership) 8% on weekend Seize, eating and leisure regionally and abroad 3% on weekday Seize, eating and leisure regionally and abroad 3% on on-line vogue and journey |
Min. spend $600 Cashback cap $60 |
|
Citi M1 Card |
10% / 3% on recurring M1 Payments 1% low cost on spending at M1 shops, 10% low cost on system equipment at M1 retailers |
Relevant solely to M1 payments charged to card on recurring foundation Min. spend $600 to qualify for 10% rebate Min. spend $300 to qualify for $3% rebate Cashback capped at first $300 value of M1 recurring prices |
|
Citi Money Again Card |
8% cashback on eating (together with Deliveroo and Foodpanda supply), Seize, groceries (together with HonestBee and RedMart supply) and petrol worldwide |
Min. spend $888 Cashback capped at 25% in every class (eating, Seize, groceries, petrol) |
|
Maybank Household and Associates Card |
8% / 5% cashback on groceries (Chilly Storage, NTUC FairPrice), transport (Seize, taxis, bus and practice rides), petrol, quick meals supply (FoodPanda, KFC, McDonald’s Pizza Hut) and chosen retailers (Unity, Guardian, Watson, Widespread, Legoland Malaysia) |
Min. spend $1,000 to qualify for 8% rebate Min. spend $500 to qualify for five% rebate Cashback cap $600 per calendar 12 months |
|
UOB Delight Card |
8% / 3% on groceries (Chilly Storage, Market Place, Jasons, Guardian) 3% on contactless transactions (UOB Would possibly Pay, Apple Pay, Visa payWave, NETS FlashPay Auto High-up, public bus, Consolation/CitiCab/SMRT taxis, ERP, CEPAS automotive park prices) and chosen recurring payments (Prudential Insurance coverage, United Abroad Insurance coverage, City Councils, SPH newspapers) 10% low cost on home manufacturers at Chilly Storage, Big and Guardian |
Min. spend $800 to get 8% rebate on groceries Min. spend $400 to get 3% rebate on groceries and contactless funds Cashback cap $50 |
|
OCBC Frank Card |
6% on on-line purchases 5% on leisure (bars, cinemas, KTVs, golf equipment, chosen cafes) from Fri to Sunday 3% on leisure from Mon to Thu 3% rebate on first two NETS FlashPay auto top-ups |
Min. spend $400 (excluding on-line, NETS FlashPay top-ups, EZ-Hyperlink top-ups and Transit Hyperlink associated transactions) Cashback cap $60 |
|
OCBC 365 Credit score Card |
6% on native weekend eating 3% on native weekday eating and abroad eating worldwide 3% on on-line purchasing and Seize rides 5% on petrol (as much as 25% at Caltex) 3% at native supermarkets 3% on recurring telco payments (SingTel, StarHub, M1) 3% on over-the-counter medical spend (just for Baby Improvement Account Trustees) |
Min. spend $600 Cashback cap $80 |
|
DBS Stay Recent Card |
5% cashback on on-line purchasing, Seize rides and VisaPayWave purchases (Apple, Samsung and Google Pay) |
Min. spending $600 Cashback cap earlier than 1 Jun 2018 $60 Cashback cap from 1 Jun 2018 $20 on eligible on-line spending, $20 on eligible Visa PayWave spending and $20 on different spending |
|
Citibank SMRT Card |
5% on groceries (FairPrice, Big, ShengSiong) 7.3% at FairPrice Xtra Kallang Wave 5% on quick meals (BreadTalk, Burger King, KFC, McDonald’s, Pizza Hut, PastaMania, Sakae Sushi, Subway, Toast Boast), motion pictures and low (Espresso Membership, Dome Café, Gloria Jean’s, Starbucks, Espresso Bean, TCC) 3% on on-line purchasing 2% on well being and wonder 2% on EZ-Reload auto top-up |
Min. spend $300, in any other case cashback shall be 0.3% much less Grocery transactions should be $50 and above, in any other case cashback shall be 2% much less Cashback cap $600 per 12 months |
|
HSBC Visa Platinum Credit score Card |
5% on recurring payments (cell, cable TV and web payments in Singapore) 5% / 3% on petrol (further 16% at Caltex and Shell) 5% / 3% on groceries regionally 2% / 1% on eating in Singapore (excludes lodge eating) |
Min. spend $800/month for all 3 months in 1 / 4 to qualify for five% rebate on groceries, petrol and eating. Min. spend $400/month for all 3 months in 1 / 4 to qualify for 3% rebate on petrol, groceries and eating and 5% on recurring payments. |
|
UOB One Card |
$50 (as much as 3.33%) / $100 (as much as 3.33%) / $300 (as much as 5%) (quarterly flat payout) |
Min. spend $500 / $1,000 / $2,000 x 3 months in 1 / 4 Cashback cap $50 / $100 / $300 |
|
POSB On a regular basis Card |
6% at SPC (complete of 20.1% financial savings) 5% at Sheng Siong 5% on abroad spend 3% at Watsons 3% on medical spend for present POSB Smiley Baby Improvement Account Trustees 1% on recurring utilities payments from SP Group 1% on recurring StarHub payments and in-store purchases |
Cashback legitimate until 30 Jun 2018 except in any other case acknowledged. Min. spend of $1,000 and should register via DBS Way of life App to qualify for five% abroad spend cashback. Cashback capped at $50 on abroad spend. Cashback capped at $1,000 value of spending at Sheng Siong and $100 value of spending on StarHub and utilities payments. |
|
HSBC Advance Credit score Card |
3.5% / 2.5% / 1.5% |
Min. spend $2,000 and should be an HSBC Advance buyer, in any other case cashback is barely 2.5% (for HSBC Advance prospects) or 1.5% (for non-HSBC Advance prospects) Cashback cap $125 |
|
Maybank Platinum Visa Card |
$30 (as much as 3.33%) / $100 (as much as 3.33%) rebate on native spend (quarter flat payout) |
Min. spend $300 each month in 1 / 4 to obtain $30 rebate Min. spend $1,000 each month in 1 / 4 to obtain $100 rebate |
|
Commonplace Chartered Spree Credit score Card |
3% on on-line spend in international foreign money and vPost spending 2% on on-line spend in native foreign money, contactless and cell funds 1% on different retail spend |
Cashback cap $60 |
|
American Categorical True Cashback Card |
3% cashback on as much as $5,000 spend in first 6 months of card membership 1.5% on every thing else |
|
|
Commonplace Chartered Limitless Cashback Credit score Card |
3% on international foreign money spend for 1st 3 months of card membership 1.5% on every thing else |
|
|
Maybank FC Barcelona Visa Signature Card |
1.6% |
Highest cashback bank card fee for eating: UOB YOLO Credit score Card
This card is presently providing a whopping 12% cashback on eating throughout your first three months of card membership. That’s cause sufficient to join this card after which eat your brains out.
After the three months are over, you possibly can nonetheless get an excellent 8% rebate on weekend eating.
However when you additionally eat out rather a lot on weekdays, you may want to join the Citi Money Again Card, which provides you 8% on each weekend and weekday eating, versus the UOB YOLO’s 3%.
The Citi Money Again Card does have a minimal spending requirement of $888, which is larger than the UOB YOLO’s $600, however its different cashback classes are a bit completely different, so relying in your way of life you may not discover it so onerous to fulfill the upper spending necessities.
Month-to-month cashback cap: $60
Highest cashback bank card fee for groceries: Citi Money Again Card
Whereas different cashback bank cards typically restrict their cashback on groceries to sure grocery store manufacturers, the Citi Money Again Card presents its very beneficiant 8% on groceries not simply in Singapore but additionally abroad. The cashback can also be supplied on HonestBee and Redmart grocery deliveries.
The 2 major drawbacks are the minimal spending requirement of $888 and the bonus cashback cap of $25 in every class (which means you’ll earn 8% on the primary $312.50 of grocery spending, and 0.25% on any quantity above that).
However the 8% cashback provide can also be prolonged to petrol, Seize and eating, which helps you discover alternatives to make use of the cardboard.
Month-to-month bonus cashback cap: $25 for groceries class
In any other case, the Maybank Household and Associates Card or UOB Delight Card are good alternate options. Each provide two tiers of grocery rebates with two completely different minimal spending necessities, so when you can solely spend $500 a month, get the Maybank Household and Associates Card for five% rebates. In the event you can solely spend $400 a month, get the UOB Delight Card, you’ll nonetheless obtain 3% rebates.
Highest cashback bank card fee for petrol: Citi Money Again Card
Which petrol bank card is greatest for you actually is determined by which petrol station you frequent.
However when you’re in search of a card that provides you a good cashback fee on every petrol model for these days once you’re about to be stranded by eh facet of the highway with an empty tank and have to get to the closest petrol station, the Citi Money Again Card is your choose, with its 8% cashback on petrol throughout all manufacturers.
Simply be sure to fulfill the $888 minimal spending requirement by additionally spending within the different classes (groceries, eating, Seize) that provide you with 8% money rebates.
Month-to-month bonus cashback cap: $25 for petrol class
Highest cashback bank card fee for abroad spending: POSB On a regular basis Card
Occurring a giant abroad vacation? The POSB On a regular basis Card is providing 5% rebates on all abroad spending, offered you spend at the least $1,000 in a month. However observe that the provide requires you to register through the DBS Way of life app, is barely good till 30 Jun 2018 and POSB hasn’t but revealed if it will likely be prolonged.
Month-to-month promo cashback cap: $50
Nonetheless, in case your vacation spending will largely be on eating/leisure somewhat than purchasing or sightseeing, you’d do exactly as nicely with the UOB YOLO Card, which provides you 12% on abroad eating and leisure within the first three months, and the Citi Money Again Card, which rewards you with 8% on eating and groceries abroad.
Greatest cashback bank card fee for leisure: UOB YOLO Credit score Card
The cardboard’s 12% cashback provide within the first three months of card membership extends additionally to leisure (together with bars, golf equipment, cinemas and KTVs) each in Singapore and abroad.
Simply be sure to fulfill the minimal spending necessities of $600 a month. That shouldn’t be too onerous when you make it a behavior to foot the invoice on your mates and get them to pay in money… except they too are sneakily attempting to pay with their bank cards.
After the primary three months, you’ll proceed to obtain 8% rebates on weekends, however solely 3% on weekdays.
Month-to-month cashback cap: $60
At this level, you may need to change to the OCBC Frank Card, which presents 5% not simply on weekends however on Fridays as nicely, and a comparable 3% on Mondays to Thursdays, which makes it good on your Friday evening binge.
What’s your favorite cashback bank card? Share your evaluations within the feedback!
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