Best Credit Cards in Singapore

Discover the best credit cards in Singapore for cashback and rewards in 2025. Compare top cards, benefits, interest rates and learn how to apply for the perfect card based on your lifestyle. Choosing the right credit card in Singapore can help you save money, earn cashback, collect rewards, and enjoy exclusive perks. With dozens of options available in 2025, it’s important to select a card that matches your lifestyle and spending habits. In this guide, we’ll break down the top credit cards in Singapore for cashback and rewards, their benefits, fees, eligibility, and how to apply.

Top Cashback Credit Cards in Singapore (2025)

DBS Live Fresh Card:

• Cashback: Up to 5% on online & contactless spend.
• Annual Fee: $192.60 (waived 1st year).
• Minimum Income: $30,000 (Singaporean), $45,000 (Foreigner).
• Why Choose: Ideal for young adults, Eco-friendly benefits.

OCBC 365 Credit Card:

• Cashback: 6% on dining, 3% on groceries, 5% on fuel.
• Annual Fee: $192.60 (waived 2 years).
• Why Choose: Best for families and essential expenses.

UOB One Card:

• Cashback: Up to 10% if you meet monthly minimum spend.
• Best For: Consistent monthly spenders.
• Bonus Perks: Shopee, Grab, Cold Storage discounts.

✈️ Best Rewards & Miles Credit Cards

Citi Premier Miles Card:

1. Miles Earn Rate: 1.2 miles per $1 (local), 2 miles (overseas).
2. Welcome Bonus: Up to 45,000 miles.
3. Great For: Frequent travelers, airport lounge access

HSBC Revolution Card:

1. Rewards: 10x points on online & contactless spend
2. Perks: No annual fee, good for daily digital transactions

American Express True Cashback Card:

1. Cashback: Flat 1.5% on all spending.
2. Benefit: No minimum spend required

Credit Card Comparison Table

How to Choose the Right Credit Card

• Consider your lifestyle: Dining out? Travel? Online shopping?
• Look at minimum spending requirements: Some cashback offers need consistent spending.
• Check annual fees: Some cards waive it, some don’t.
• Welcome bonuses & sign-up offers: Take advantage of them!

Eligibility Criteria (General)

How to Apply for a Credit Card in Singapore

1. Visit the official bank website or trusted comparison platform.
2. Submit required documents (NRIC/passport, income proof, etc.).
3. Wait for approval (1–3 working days usually).
4. Activate and start earning cashback/rewards!

Pro Tips to Maximize Your Cashback & Rewards

• Pay your bills in full each month to avoid interest.
• Use cards with rotating categories wisely.
• Combine with mobile wallets (e.g., GrabPay) when supported.
• Watch out for caps on cashback—plan your spending.

Which credit cards best in Singapore for foreigners?

Here are some credit cards often recommended for foreigners / expats, with their features:

How to get approved for a credit card as a foreigner in Singapore

Here’s a clear, step-by-step guide you can use (and even repurpose for your website content) on how foreigners / expats can get approved for a credit card in Singapore:

1. Check Eligibility Requirements

• Age: Usually minimum 21 years old.
• Work status: Must hold a valid Employment Pass, S Pass, or PEP.
• Some banks accept Dependent Pass with proof of income.
• Income: Locals/PR: ~S$30,000 annual income.
• Foreigners: typically S$40,000–S$60,000+ annual income (varies by bank & card).
• Credit history: If you are new to Singapore, you may not have one — banks may be stricter.

Prepare the Required Documents

• Most banks will ask for: Passport + Employment Pass / S Pass (valid for at least 6–12 months).
• Proof of address (utility bill, tenancy agreement, bank statement).
• Income proof: recent payslips (3 months), CPF contribution history (if applicable), or latest tax notice of assessment.
• Some banks may ask for an employer’s letter of appointment.

3. Choose the Right Card

• If your income is closer to the minimum requirement, apply for entry-level cashback or rewards cards (e.g., HSBC Revolution, Citi Cashback+).
• If your income is higher (> S$60,000), you can try for premium travel or miles cards (e.g., Citi Premier Miles, AMEX Platinum).
• Some banks (UOB, DBS) allow secured credit cards if you place a fixed deposit (e.g., S$10,000) as collateral.

4. Apply Online or In-Branch

• Online application through the bank’s website is fastest.
• Some foreigners prefer visiting a branch so a banker can check documents directly (reduces rejection chances).
• Approval usually takes 1–3 working days, but can be longer if documents are incomplete.

5. Improve Your Chances of Approval

• Apply with your salary account bank (e.g., if your salary is credited to DBS, apply for a DBS card — easier approval).
• Avoid applying for too many cards at once (multiple rejections hurt your record).
• Provide additional supporting documents (like employment contract or tenancy agreement).
• Keep credit utilization low once approved to build a strong credit history in Singapore.

Alternatives if Rejected

• Apply for a secured credit card (backed by fixed deposit).
• Use a supplementary card under your spouse/partner’s account (if applicable).
• Start with a bank where your salary is deposited to build trust.

💡 Pro Tip: You could structure your blog post with sub-headings like:

• “Credit Card Eligibility for Foreigners in Singapore”.
• “Documents You Need to Apply”.
• “Best Entry-Level Credit Cards for Expats”.
• “Tips to Boost Your Approval Chances”

What is highest credit card limit’s in Singapore?

In Singapore, there isn’t a fixed “highest possible credit card limit” that applies to everybody—limits vary a lot depending on your income, assets, age, credit history, type of card, etc. But there are regulatory guidelines by the Monetary Authority of Singapore (MAS) and practices by banks that tell you how high the limit can go under certain conditions. I’ll summaries those and give you what “no regulatory limit” means in practice.

MAS Regulatory Guidelines

According to MAS, these are the key credit limit rules: If your annual income is between S$30,000 and S$120,000, and you are 55 years old or younger, the maximum unsecured credit limit (credit cards + similar facilities) you can be granted is up to 4× your monthly income. If your income is S$120,000 or more, or your net personal assets exceed S$2 million, or your net financial assets exceed S$1 million, there is no regulatory credit limit imposed by MAS. In this case, banks can set the credit limit based on their risk assessment.

What This Means Practically

If you’re earning less than S$120,000/year, banks won’t lawfully grant more than 4× your monthly income as credit limit (for most cases, younger than 55, sufficient asset requirements). E.g., if you make S$5,000/month, the maximum you might expect (per MAS guidelines) is ~ S$20,000. But if you meet the “high income or high asset” threshold, you might get limits much higher than that, with no strict cap. The limit then depends on your credit history, your relationship with the bank, and how comfortable the bank is with your financial strength.

Examples and “Highest” Cases

American Express SG (Amex) mentions that for people with annual income above $120,000, Amex Charge Card holders might enjoy no pre-set spending limit. That doesn’t mean “infinite,” but means there’s no fixed cap published. Approvals or high-cost transactions are based on your past usage, payment behaviour, etc. I saw DBS mentions: for people with income > S$120,000, credit limit could go up to 10× monthly income depending on bank’s discretion.

What’s “Highest” Possible

For many people (moderate income, younger than 55), a typical “highest” legal limit would be 4× your monthly income.For wealthy individuals (income ≥ S$120,000 or large net assets), the limit could be substantially higher (banks often approve very large limits, or in the case of “no pre-set limit” cards like Amex, the limit flexes with usage). There is no public single number for “highest ever credit limit granted,” since banks do not often publish that. But for high net worth customers, limits of hundreds of thousands of SGD are possible if their financial profile supports it.

Final Thoughts

Choosing the best credit card in Singapore for cashback or rewards in 2025 depends on your spending style and personal needs. Whether you shop online, dine out, or travel frequently—there’s a perfect card waiting for you. Start comparing, apply smartly, and let your spending work for you!