7 Best Unlimited Cashback Credit Cards for Singapore (2023)

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 (2023)

1. American Express True Cashback Card

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$172.80 with fee waiver for first year

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

Current promotion: Get 3% cashback on up to S$5,000 spend for first 6 months Click to apply.

2. CIMB Visa Infinite Card

“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: Receive ErgoTune Supreme V3 (worth S$850) or S$330 Cash via PayNow with a minimum spend of S$988 within the first 60 days of card approval. (Valid until 2 April 2023) Click to apply.

3. CIMB World Mastercard

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 ErgoTune Supreme V3 (worth S$850) or S$330 Cash via PayNow with a minimum spend of S$988 within the first 60 days of card approval. (Valid until 2 April 2023) Click to apply.

4. UOB Absolute Cashback Card

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$194.40 with fee waiver for first year

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

Current promotion: First 200 new-to-UOB credit card customers can get S$350 Grab vouchers when you spend a minimum of S$1,000 for 2 consecutive months from card approval date. (Valid until 31 March 2023) Click to apply.

5. Citi Cash Back+ Card

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$194.40 with fee waiver for first year

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

Current promotion: Receive a Dyson V8 Absolute™ (worth S$609) or Sony WH-1000XM5 (worth S$575) or Flujo Ayla Ergonomic Office Chair (worth S$1,139) or S$300 Cash via PayNow with a minimum spend of S$500 within 30 days of card approval. (Valid until 21 March 2023) Click to apply.

6. Maybank FC Barcelona Visa Signature Card

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 Simply Cash Card

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$194.40 with fee waiver for first two years

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

Current promotion: New applicants receive up to S$200 cashback when they spend at least S$200 on eligible transactions within 30 days of card approval date. (Valid until 31 March 2023) Click to apply.

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.