What is Cash Back Cashback or Cash rebate refers to the credit that is credited back into your credit card after you have made your purchases with your credit card. It is typically a small percentage of the overall purchase and could be subject to various terms and conditions. The cash back could be credited when you receive your monthly credit card bills or in some cases at the end of a quarter. Credit Cards offering cashback typically do not offer bank reward points. Types of Cashback Credit Cards Credit cards with cashbacks are typically divided into category-based or tiered-based. Category-based credit cards usually award high cashback only for specific categories such as Shopping, Dining, Overseas Spending, etc and users can read more about them under various Lobang Reviews. These credit cards might target more than one category and cashback is usually only awarded if cardholders spend a minimum amount in a month. Comparatively, tiered-based credit cards are more straightforward as cardholders are awarded higher cashback for higher spending. Our table below will cover both category-based credit cards and tiered-based credit cards with the intention of covering the best cashback credit cards for everyday spend.
Credit Card Issuer and Type of Credit
Card |
Minimum Requirements / Conditions |
Rate for Cash Rebate |
BOC
ZaoBao Card |
Minimum spend of $600 in a month |
Earn 23% cash rebate on petrol and 10% cash rebate on dining,
online spend, department stores. Earn up to 20% cash rebate
at other selected merchants and up to 5% cash rebate for spend
in China. |
BOC
Family Card |
Minimum spend of $700 in a month |
Earn 10% cashback on dining and movies, 5% on supermarkets,
hospital bills, NETS FlashPay, telco bills, online spend and
selected merchants and up to 0.3% on all other spend |
SAFRA
DBS Credit Card |
Minimum spend of $500 in a month
Minimum spend of $500 / $1,000 in a month for new cardholders
promotion |
Earn 3% rebates on PayPass and online spend
New cardholders earn 5% / 10% cash rebate PayPass and online
spend |
Citi
Cash Back Card |
Minimum spend of $888 in a month |
Earn 8% cashback on petrol, dining and groceries and 0.25%
on all other spend |
Maybank
Family & Friends Card |
Minimum spend of $1000 or $500 in a month |
Earn 8% or 5% cash rebate at popular selected merchants
that include supermarkets, petrol stations, fast food delivery,
theme parks, pharmacies, etc |
UOB
Delight Card |
Minimum spend of $400 or $800 in a month |
Earn 3% SMART$ rebates on selected supermarkets and Guardian,
telcos, Prudential Insurance, United Overseas Insurance, Town
Councils, SPH newspapers, selected contactless payments and
ATUs. Earn 8% SMART$ rebate for supermarkets and Guardian
if higher tier spending met. |
Citibank
SMRT Card |
Minimum spend of $300 in a month |
Earn up to 7.3% SMRT$ rebate at popular selected merchants
that include supermarkets, movies, coffee, fast food, restaurants,
pharmacies, recurring bills, etc |
POSB
Everyday Card |
Minimum monthly spending requirements for medical spend |
Earn up to 6% at key merchants and 0.3% on all other spend |
OCBC
365 Credit Card |
Minimum spend of $600 in a month |
Earn up to 6% cashback on dining, 3% on online spend, supermarkets,
telco bills and 0.3% on all other spend |
DBS
Live Fresh Card |
Minimum monthly spend of $600 in a month |
Earn 5% cashback on contactless and online payments |
HSBC
Visa Platinum Credit Card |
Minimum monthly spend of $800 for all 3 months in a quarter
|
Earn up to 5% cash rebates on telco bills, groceries and
dining |
UOB
One Card |
Minimum monthly spend of $2000 for all 3 months in a quarter |
Earn 5% cash rebates on all transactions |
UOB
Visa Signature Card |
Minimum monthly spend of $1000 in a statement period |
Earn 5% cash rebates on petrol, online, overseas, VisapayWave
and mobile payments |
HSBC
Advance Credit Card |
HSBC Advance customers / Non-HSBC Advance customers with
minimum monthly spend of $2,000 |
Earn 3.5% / 2.5% cashback for all spend
Earn 2.5% / 1.5% cashback for all spend if minimum spend requirement
not met |
Maybank
Platinum Visa Card |
Minimum spend of $300 in a month |
Earn 3.33% cash rebate on all spend |
ICBC
Unionpay Dual Currency Card
ICBC
Visa Dual Currency Card |
Minimum spend of $500 a month for all 3 months in a quarter.
Cashback only applicable on spending in excess of $500 each
month |
Earn up to 2% / 5% / 8% cashback for 1st / 2nd / 3rd month
in a quarter on all spend in excess of $500 for each month |
American
Express True Cashback Card |
Maximum spend of $5,000 for first 6 months |
Earn 3% cashback on any purchase, 1.5% cashback after first
6 months |
ICBC
Koipy Dual Currency Card |
Minimum spend of $1,000 in a month |
Earn 3% cashback on all spend |
Standard
Chartered MANHATTAN World MasterCard |
Minimum spend of $3,000 in a month |
Earn 3% cash rebate on all spend |
StanChart
Spree Card |
None |
Earn 2% cashback on contactless and mobile payment and
1% cashback on any purchase |
UOB
UnionPay Card |
None |
Earn 2% cashback on all spend. |
ICBC
Global Travel MasterCard |
None |
Earn 1.5% cashback on local spend and 3% cashback on overseas
spend |
Standard
Chartered Unlimited Cashback Card |
None |
Earn 1.5% cashback on any purchase |
Cashback Credit Cards Worth a Mention The POSB Everyday Card offers up to 6% rebate from key merchants and 0.3% on everything else. It is a versaile card as it covers most major expenses with 5% cash rebate for groceries at Sheng Siong. This is also the only credit card that allows cash rebate for utilities. Cardholders can also earn cash rebate for recurring bills as well as petrol at SPC. In fact, it offers one of the highest petrol savings of 20.1% at SPC for motorists. Maybank Family & Friends Card rewards cardholders with up to 8% cash rebate at selected merchants such as Cold Storage, FairPrice supermarkets, Leading petrol stations & hypermarts in Malaysia, Leading petrol stations in Singapore, Guardian, Unity NTUC Healthcare, Watsons, Legoland, theme parks in Malaysia, etc. It has one of the highest rebate for spending on groceries and petrol in Singapore and Malaysia and is flexible in the sense that if you fail to meet the minimum $1,000 spend to attain the 8% cashback, you can still get 5% cashback with a minimum monthly spend of $300.
UOB One Card awards
potential cashback of 5% for everyday purchases. However, the 5%
cashback comes with plenty of conditions such as three minimum purchases
per statement period and a minimum monthly spend of $2000 for all
three months in a quarter. Failing to spend the minimum monthly
spend will still earn you 3.33% cash back provided you still have
a minimum monthly spend of $500 for all three months in a quarter.
Additional perks include enrolment in UOB UNI$ rewards programme
and SMART$ rebate programme, a huge rarity among credit cards that
already earn cash back in the first place.
BOC ZaoBao Card
is an excellent card for dining as it awards 10% cash rebate for
everyday dining. Its also awards 10% cash rebate for online purchases
and an attractive 23% cash rebate for fuel at Shell and SPC allowing
savings of up to a whopping 32.4%. However, few restaurants and
online merchants accept UnionPay and cardholders could find it difficult
to spend the required $600 minimum spend to obtain the 10% cash
rebate.
The Standard
Chartered MANHATTAN World MasterCard gives out 3% cash rebate
with minimum spending of $3,000 a month capped at $200 a quarter.
The cashback might not sound impressive but this card is a handy
card to have around as it allows cashback for any spending and allows
some benefit when you have to buy big-purchase items.
The Best Cash Back Credit Card
Bank of China has done it again. Despite beating the competition
with the BOC ZaoBao
Card with excellent cash rebate for many spending categories,
it has outdone itself and improved on the BOC
Family Card which provides the most cash back for a large number
of spending categories. The BOC
Family Card awards the highest cash back of 10% for both dining
and movies as well as 5% for telco bills and hospital bills. Its
5% cash rebate for hospital bills is a unique offer that is unseen
in other credit cards. 5% cash rebate is also awarded for supermarkets
and selected merchants and the cash rebate can be easily attainable
with a minimum spending of $700.
However, every consumer has different spending pattern and it will
be a better idea to scroll through our list of Cash
Back Credit Cards to select the best credit card to suit your
spending pattern.
|
Reviews or Comments (4)
Good extensive list of cashback cards. Keep up the good work!
Maybank family n friends card is a very much underated card. V useful for msia. Btw to get 5% cashback is $500 spend instead of $300.
Thank you for spotting the error. It has since been rectified.
Cashback credit cards! Was looking for alternatives to my ANZ Optimum Card which was changed to POSB Everyday Card. Agree that BOC Family Card seems the most attractive cashback card in the market for now. However, seems troublesome to find a Bank of China branch to go through the signup process.