Before we get into the cards, let me say something most cashback content skips.
Flat-rate unlimited cashback cards are convenient and have their place. But if this is your entire card strategy, you are almost certainly leaving money on the table. Category-specific cashback cards and the miles game regularly return 3% to 6% on targeted spend, which is two to four times what the best flat-rate cashback card offers. Think of unlimited cashback cards as your catch-all backup, not your main earner, or as a solid starting point before you figure out a proper card strategy.
With that said, here are the cashback cards with no minimum spend in Singapore worth knowing about for 2026, with real numbers and my honest take on each. My Telegram community flagged three of the newer ones – join us at hmsg.link/telegram if you want to be first when these things move.
- UOB Absolute Cashback Card
- Citi Cash Back+ Card
- OCBC INFINITY Cashback Card
- Standard Chartered Simply Cash Card
- American Express True Cashback Card
- HSBC Advance Credit Card
- Mari Credit Card
- Trust Cashback Credit Card
- Maybank FC Barcelona Visa Signature Card
- DCS Ultimate Platinum Mastercard
- ICBC Global Travel Mastercard
- UOB UnionPay Platinum Card
UOB Absolute Cashback Card
The UOB Absolute Cashback is the highest flat-rate cashback card in Singapore at 1.7%. No minimum spend, no cap, no categories to track. On paper it looks like the easy winner. In practice two things trip people up.
First, the American Express network. More merchants accept it than people expect, but there are still hawker centres, smaller retailers, and some petrol stations that do not. Keep a Visa or Mastercard alongside it. Second, certain categories earn only 0.3% instead of 1.7%, including insurance, school fees, utilities, healthcare, government services, and GrabPay top-ups. If your household has heavy spend in these categories, your effective blended rate drops meaningfully.
The annual fee maths matters too. At $196.20 from year two, you need at least $961 a month just to earn back the fee before counting any real gain. Below that, a no-fee card at 1.6% puts more money in your pocket annually.
High spenders putting $1,200+ a month on card who want zero category tracking and are comfortable with the American Express network.
UOB Absolute is one of the few cards that earns on insurance premiums at 1.7%. Route annual insurance renewals through it for a meaningful cashback hit on an otherwise excluded category.
American Express not accepted everywhere. Annual fee from year 2 needs $961+/month spend just to break even net of fee. Below that, OCBC INFINITY at 1.6% with no fee wins on total return.
At $1,000/month: $204/year cashback minus $196.20 fee = $7.80 net. At $2,000/month: $408 minus $196.20 = $211.80 net. Fee waiver changes the picture entirely.
Annual fee waived: $0
Net annual benefit: $408
Same spend on OCBC INFINITY at 1.6%, no fee: $384/year.
UOB Absolute wins by $24 only if the fee is waived. If the fee sticks, OCBC INFINITY wins by $172.
Citi Cash Back+ Card
The Citi Cash Back+ earns 1.6% on everything with no cap. If you hold a Citi Plus current account and meet its qualifying conditions, the rate goes to 2.0%. That uplift is worth $96 a year at $2,000/month in spend, essentially free money if you are already banking with Citi.
Two things stand out. The Visa network means near-universal acceptance, unlike the UOB Absolute. And the cashback never expires, so there is no end-of-year scramble to redeem before a reset. Instant SMS redemption is genuinely convenient compared with portals that make you log in and click through multiple screens.
For existing Citi banking customers, this is probably the strongest unlimited cashback card in the market. If you are not a Citi customer, OCBC INFINITY at 1.6% on a Mastercard is effectively the same experience without needing to open a new bank account.
Existing Citi banking customers who can unlock the 2.0% rate through a Citi Plus account.
Open a Citi Plus account alongside this card. The bump from 1.6% to 2.0% adds $96/year at $2,000/month spend for what amounts to a one-time account setup.
The 2.0% rate depends on Citi Plus conditions that can change. Verify current qualifying criteria before building your strategy around it.
Cashback accumulates indefinitely. No year-end reset, no redemption deadline. Collect and redeem whenever you like.
At base 1.6% without Citi Plus: $2,000 x 1.6% x 12 = $384/year
Citi Plus uplift is worth $96 extra per year at this spend level.
OCBC INFINITY Cashback Card
OCBC INFINITY earns 1.6% flat with no minimum spend, no cap, and cashback auto-credited monthly without any redemption steps. It runs on Mastercard, which has the broadest merchant acceptance in Singapore covering virtually every hawker, wet market, and physical retail store that takes cards.
The OCBC ecosystem adds a useful layer. If you hold an OCBC 360 Account, spending at least $500/month on this card helps qualify for the Step Up bonus interest tier, which can add a few hundred dollars a year in savings interest depending on your balance. That stacks on top of the cashback and makes the total return competitive against higher-rate cards from other banks.
For someone who wants cashback to just appear automatically with zero effort, is already banking with OCBC, and wants a Mastercard that works everywhere, this is a near-perfect setup.
OCBC banking customers who want to earn cashback and bonus savings interest by routing spend through one card.
Keep a meaningful OCBC 360 balance and route $500+/month through this card. Combined cashback and Step Up bonus interest can outperform higher-rate cards from other banks.
1.6% is matched by Citi Cash Back+ and beaten by UOB Absolute. This card earns on ecosystem fit and convenience, not raw headline rate.
Cashback appears monthly with zero action needed. No portals, no codes, no deadlines.
Estimated OCBC 360 Step Up bonus interest on $60,000: $180 to $300/year
Total potential benefit: $525 to $645/year
This comfortably exceeds what a higher flat-rate card from another bank would give on the same spend level.
Standard Chartered Simply Cash Card
At 1.5%, the Standard Chartered Simply Cash has the lowest flat rate among the first four cards. You need a specific reason to choose it, and for one group there is a very compelling one: you drive and fill up at Caltex.
The CaltexGo app gives Simply Cash cardholders up to 27.91% off at Caltex stations. At $150/month on petrol, that is $41.87 saved per month, or roughly $502 a year. No other cashback card in Singapore comes close for Caltex users. Once you factor it in, the 1.5% general rate becomes almost secondary.
The Good Life programme adds dining and lifestyle deals across Asia on top of that. Whether it adds real value depends entirely on whether the participating merchants overlap with where you actually spend.
Drivers who regularly fill up at Caltex and want a clean flat-rate card for all other spending.
Use CaltexGo for every Caltex fill-up. At $150/month on fuel you are saving $502/year from fuel discounts alone, before general cashback even starts.
At 1.5%, the flat cashback rate is the lowest here for general spend. If you do not drive or do not use Caltex, OCBC INFINITY or Citi Cash Back+ are clearly better options.
$150/month at 27.91% off = $41.87/month saved = $502/year in fuel savings alone, with no cashback calculation required.
Fuel savings via CaltexGo: $150 x 27.91% x 12 = $502/year
Total annual benefit: $862/year
OCBC INFINITY at 1.6% on $2,150/month: $412.80/year, no fuel benefit.
Standard Chartered Simply Cash wins clearly for Caltex drivers.
American Express True Cashback Card
The American Express True Cashback earns 1.5% flat ongoing. What makes it interesting is the introductory rate: 3.0% on your first $5,000 of spend in the first six months. That is up to $150 in bonus cashback right upfront. If you have a planned large purchase coming up, a renovation, a holiday, new equipment, this can be the highest-earning card in Singapore for that specific window.
After six months it reverts to 1.5% and loses its edge over OCBC INFINITY and Citi Cash Back+. Treat this as a year-one play and plan accordingly. American Express also tends to have stronger purchase protection and buyer dispute resolution compared with Visa and Mastercard issuers locally, which can matter for high-value purchases.
The American Express merchant limitation applies here as with the UOB Absolute. Keep a Visa or Mastercard alongside it.
New cardholders with a large planned expense in the first six months, whether a renovation, overseas trip, or any big-ticket purchase above $3,000.
Time your application to coincide with a known high-spend period. First $5,000 at 3.0% = $150 upfront. After that, decide if 1.5% ongoing justifies the fee or switch to a no-fee card.
After 6 months it drops to 1.5%. If the annual fee is not waived, you are paying to earn the same rate as free cards. Plan to either waive the fee or cancel when the intro period ends.
Months 1 to 6 at 3.0% on $5,000: $150. Months 7 to 12 at 1.5% on $2,000/month: $180. Total year 1: $330.
Months 7 to 12: $2,000 x 1.5% x 6 = $180
Total year 1: $330
OCBC INFINITY at 1.6% on $2,000/month for 12 months: $384.
American Express True Cashback wins in year one if you hit the $5,000 intro spend. Year two onwards, OCBC INFINITY leads unless the fee is waived.
HSBC Advance Credit Card
HSBC Advance earns 1.5% with no minimum spend. Hit $2,000 in a calendar month and the rate jumps to 2.5% for that whole month. There is a hard cap at $70/month regardless of which rate applies. At 2.5%, you hit the cap at $2,800 of spend. Beyond that, you earn nothing extra.
The real reason to look at this card is not the cashback rate. It is the free ENTERTAINER app, included with the HSBC mobile app. Over 1,000 restaurants in Singapore offer 1-for-1 dining through it. A couple using it twice a month on $60 meals saves $60 per use, which adds up to $720 a year in dining savings on top of the cashback. That completely changes the total return picture compared with a higher-rate flat cashback card that offers nothing else.
Couples and households who dine out regularly and will actively use the ENTERTAINER app on HSBC mobile.
Two ENTERTAINER uses per month at $60/head = $720/year in dining savings, separate from and on top of cashback. For regular diners this makes HSBC Advance the best total-return card in this list.
Hard cap at $70/month. Spend above $2,800/month earns nothing extra. Not suitable as your main card if you regularly charge above $3,000/month.
2 x 1-for-1 at $60/head per month: $60 saved x 12 months = $720/year in dining value, stacked on top of cashback earnings.
ENTERTAINER dining savings: 2 x $60 x 12 = $720/year
Total annual benefit: $1,380
OCBC INFINITY at 1.6% on $2,200/month: $422.40/year, no dining perks.
HSBC Advance wins by nearly $1,000 for regular ENTERTAINER users.
I did a full review of the Mari Credit Card on YouTube, covering the FX mechanics, Shopee perks, and whether it belongs in your wallet.
Watch the Review ↗Mari Credit Card
Mari dropped its local cashback rate from 1.7% to 1.5% in January 2026, which put it level with several other cards here for pure local spend. What makes it worth noting separately is the foreign currency proposition. Most credit cards in Singapore charge a 3.25% to 3.5% foreign transaction fee on any payment in a foreign currency, whether at an overseas restaurant, an Airbnb booking, or a software subscription billed in USD. Mari waives that fee entirely, and also pays 1.5% cashback on foreign currency spend on top of that. The FX cashback is capped at $1,500/month in foreign currency spend until December 2026.
The practical swing is 4.75% per FX dollar compared with a standard card with fees and no FX cashback. On $600/month in overseas spend, that difference alone is worth $342 a year. No annual fee means the card is always net positive regardless of how little you charge to it.
People who travel, shop on overseas platforms like iHerb or Amazon US, or pay for subscriptions billed in foreign currency such as Spotify, Adobe, or cloud services.
Route every foreign currency payment through Mari. Zero FX fees plus 1.5% cashback is a 4.75% swing versus a standard card on the same spend.
Local SGD cashback dropped from 1.7% to 1.5% in Jan 2026. For pure local spend, Citi Cash Back+ at up to 2.0% can edge ahead. The 1.5% FX cashback is a promo rate until Dec 2026; watch for any updates.
No annual fee. No FX fee. The card is net positive from day one with no conditions to meet.
FX cashback: $600 x 1.5% = $9/month
FX fee saved vs standard card at 3.25%: $600 x 3.25% = $19.50/month
Total monthly benefit: $51/month = $612/year
Same profile on a standard 1.5% cashback card with 3.25% FX fees:
$22.50 local + $0 FX cashback - $19.50 FX cost = net $3/month on FX spend.
Mari beats it by $342/year on FX spend alone.
Trust Cashback Credit Card
Trust is the most different card in this list. The base rate is 1%, which is the lowest here. You choose one preferred category per quarter from dining, shopping, travel, wellness, transport, or entertainment. Spend $500+ in a month and earn 5% on that whole category. Sustain $2,000+ for three consecutive months and earn 15% on it. As of March 2026, the previous 10% mid-tier at $1,000/month has been removed.
The 15% tier is genuinely exceptional for concentrated spend. A family spending $500/month on dining earning 15% gets $75/month from dining alone. That beats every flat-rate card in this article by a wide margin on that category. The catch is you need three consecutive qualifying months, so one shortfall month drops you back.
Trust also has zero FX fees and 0.5% cashback on foreign currency spend. No annual fee means there is zero cost to keeping it even during quieter months.
People with one dominant spend category who can reliably hit $500+ or $2,000+ total per month, especially families with heavy dining or grocery spend.
Pick the category matching your biggest monthly outlay and route all that spend through Trust. At $500+/month on dining at 5%, you earn $300/year on dining alone, beating every flat-rate card on that category.
The 15% tier requires $2,000/month total spend for three consecutive months. One shortfall resets you. If you cannot sustain that consistently, the simpler flat-rate cards are more predictable.
Family spending $600/month on dining at 15% = $90/month = $1,080/year on dining alone. No flat-rate card comes near this for concentrated spend.
Non-dining ($1,500) at 1%: $15/month
Total: $90/month = $1,080/year
Annual fee: $0
OCBC INFINITY at 1.6% on $2,000/month: $384/year.
Trust at 15% on dining beats every flat-rate card by nearly 3x on this profile.
Maybank FC Barcelona Visa Signature Card
The Maybank FC Barcelona Visa Signature earns 1.6% cashback on both local and foreign spend with no minimum and no cap – matching OCBC INFINITY on rate while adding foreign currency coverage at the same earn rate. The football club branding is either a draw or irrelevant depending on how you feel about La Liga, but the underlying numbers are solid regardless.
One thing to note: from July 2025, certain categories including utilities, education, medical, and mobile wallet top-ups earn only 0.3% instead of 1.6%. These are the usual exclusion suspects on most cashback cards, so it is only notable if a large portion of your spend falls there. The Caltex fuel discount (up to 20.05% with Diamond Sky Fuel Card) is a bonus for drivers who fill up at Caltex, similar to Standard Chartered Simply Cash.
Straightforward 1.6% on almost everything with no hoops, including overseas spend. Good option for Maybank customers or those who want a flat-rate Visa card that works both locally and abroad.
The three-year automatic fee waiver means zero admin burden for the first 36 months. Use it freely, then call for a waiver in year 4 before it posts.
Utilities, education, and medical have been reduced to 0.3% from July 2025. If those categories dominate your spend, UOB Absolute at 1.7% across a wider range may serve you better.
Annual draw for two tickets to watch Barca live, plus discounts at the FCBotiga official store at Camp Nou. Not a reason to get the card, but a nice addition if you are already convinced.
FX cashback: $400 x 1.6% = $6.40/month
Total: $38.40/month = $460.80/year
Annual fee: $0 (first 3 years)
OCBC INFINITY at 1.6% on same local spend gives $384/year on local alone. Maybank Barcelona adds FX coverage at the same rate, giving $76.80 more per year on foreign spend.
DCS Ultimate Platinum Mastercard
The DCS Ultimate Platinum Mastercard has the highest flat cashback rate in this list at 2%, with no minimum spend required. The cap is $200 per calendar month, which means the effective cap kicks in at $10,000/month in spend – a threshold most cardholders will never approach. For most spending profiles, this effectively functions as uncapped 2% cashback on everything.
DCS Card Centre was formerly Diners Club Singapore, one of the oldest card issuers here since 1973. The card earns on both local and foreign spend, though it carries a 3.25% foreign currency transaction fee, making it less suitable for overseas or FX-denominated transactions. The sweet spot is purely local SGD spend where the 2% rate is the highest available on a flat-rate card in Singapore. Exclusions apply on insurance payments and mobile wallet top-ups, similar to other cards here.
Local SGD spend where you want the highest possible flat cashback rate with no categories to track. Anyone spending $1,500 to $10,000/month locally with no meaningful foreign currency component.
Use DCS for all local SGD spend at 2%, then pair with a zero-FX card like Mari for foreign currency transactions. This split gives you the best rate on both types of spend.
The 3.25% foreign transaction fee is one of the highest on this list. Do not put overseas or FX-denominated spend on this card. It also charges the fee conversion in addition to the FX, so the real cost on foreign spend is 3.25% minus 2% cashback = net 1.25% cost before any cashback consideration.
At 2% flat on local spend with no minimum, this is the highest unlimited local cashback rate available in Singapore as of 2026. If your spend is predominantly SGD and above $500/month, the math favours DCS over any other card in this article.
Annual fee: $0 (first year), $196.20 thereafter
Net year 1: $480
Net year 2+: $480 - $196.20 = $283.80 (if no fee waiver granted)
Same profile on OCBC INFINITY at 1.6%: $384/year
DCS beats OCBC INFINITY by $96/year before fees. Call for the fee waiver; if granted, DCS wins on every year.
ICBC Global Travel Mastercard
The ICBC Global Travel Mastercard is the most interesting new entry here for anyone who travels regularly or spends frequently in foreign currencies. It earns 1.5% cashback on local SGD spend and 3% cashback on overseas spend, both unlimited with no minimum spend required. The 3% overseas rate is the highest flat-rate foreign spend cashback available on any Singapore credit card as of 2026.
ICBC (Industrial and Commercial Bank of China) has been operating in Singapore for decades and is licensed by MAS. Issued by a large state-owned bank, the card infrastructure and acceptance is standard Mastercard everywhere.
The standout use case is clear: if you travel frequently or make purchases in foreign currencies, 3% cashback with no minimum is exceptional. The local rate of 1.5% is competitive but not the highest here. Pair it with DCS Ultimate (2% local) or any of the other local-focused cards for a clean split strategy.
Frequent travellers and people with regular foreign currency spend from overseas platforms, international subscriptions, or trips abroad. The 3% overseas rate is unmatched on a flat unlimited card in Singapore.
Route all overseas and foreign currency spend through ICBC Global Travel at 3%. Pair with DCS Ultimate at 2% for local SGD spend. This two-card setup gives you the best available rate on both spend types.
The local 1.5% rate is not the best here – DCS at 2% beats it on local spend. Check the FX fee terms carefully; ICBC may apply a conversion spread on overseas transactions that partially offsets the 3% cashback.
Overseas cashback: $1,000 x 3% = $30/month
Total: $45/month = $540/year
Same profile using Mari (1.5% local + 1.5% FX): $30/month = $360/year
ICBC earns $180/year more if the 3% overseas rate is fully realised on eligible foreign transactions.
UOB UnionPay Platinum Card
The UOB UnionPay Platinum Card earns 2% cashback on all local and overseas spend with no minimum spend required. The cap is $50 per calendar month, meaning the 2% rate is fully effective up to $2,500/month of spend. The 3-year automatic fee waiver is a standout – no admin for the first 36 months, and a long runway to evaluate whether the card earns its keep before you need to make a call.
The network is UnionPay rather than Visa or Mastercard. Acceptance in Singapore is generally fine, and it is seamless in Mainland China. At smaller merchants or in countries outside Asia, acceptance can be more limited than Visa or Mastercard, so a backup card is worth having. The card carries a 3.25% foreign transaction fee, making it unsuitable for overseas or FX-denominated spend – the sweet spot is purely local SGD transactions. Drivers who fill up at SPC get up to 21.6% off petrol.
At $2,500/month of local spend the $50 cap is hit and you earn $600/year. Above that, every additional dollar earns nothing. If your local spend consistently runs above $2,500/month, DCS Ultimate Platinum at 2% with a $200/month cap (effective at $10,000/month) is the stronger card.
Local SGD everyday spend up to $2,500/month where you want 2% with no conditions. Drivers who fill up at SPC. People who spend regularly in Mainland China where UnionPay acceptance is seamless.
Three automatic years of no annual fee means zero admin until year 4. Use as your primary local cashback card up to the $50 cap, then pair with a second card for spend beyond $2,500/month.
The $50/month cap means the 2% rate stops working above $2,500/month of spend. The 3.25% FX fee also makes this a poor choice for anything billed in a foreign currency.
Up to 21.6% off SPC petrol. Up to 10% off at 100+ international airport duty-free shops. Zero transaction fee on payments above 200 CNY via Weixin Pay and Alipay – useful for anyone spending in Mainland China.
Cap headroom: $50 - $40 = $10 still available before cap
Annual fee: $0 (first 3 years)
At $2,500/month: cap hit at $50 = $600/year maximum
At $3,000/month: still $600/year (rate dilutes above $2,500)
DCS Ultimate at $3,000/month: $60/month = $720/year, well below its $200 cap.
Above $2,500/month local spend, DCS Ultimate is the stronger pick.
My honest bottom line
Unlimited cashback cards are a good starting point and a solid catch-all for spend your main cards do not cover well. They are not a complete strategy on their own. Even learning one category card or starting a basic miles setup will earn you considerably more per year.
Within this list, the decision is fairly clear based on your situation. Do you drive and fill up at Caltex? Standard Chartered Simply Cash for the fuel discount. Do you dine out regularly as a couple? HSBC Advance for the free ENTERTAINER app. Do you have meaningful foreign currency spend from travel, online shopping, or software subscriptions? The Mari Credit Card handles that well. Do you spend heavily in one category and can sustain $2,000+/month for three months? Trust for the 15% tier. Are you an existing OCBC or Citi banking customer? OCBC INFINITY or Citi Cash Back+ for the ecosystem benefits.
On annual fees: always call and ask for a waiver before it posts. Most banks accommodate at least once if you have been using the card. And since these are cashback cards with no miles balance to protect, cancelling and reapplying for a fresh sign-up bonus is always a clean option if the card stops earning its keep.