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Best No-Frills Unlimited Cashback Credit Cards with No Minimum Spend

Best No-Frills Unlimited Cashback Credit Cards with No Minimum Spend
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1. What are No-Frills Cashback Credit Cards?

2. Which Cashback Credit Cards have No Minimum Spend?

3. How to Choose a No-Frills Cash Back Credit Card?

4. What is the Best No-Frills Cashback Credit Card with No Minimum Spend?

 

What are No-Frills Cashback Credit Cards?

No-frills Cash Back Credit Cards are credit cards that offer a fixed cashback for all purchases without any minimum spend requirements. Some of these no-frills cash back credit cards also award unlimited cash back as an additional benefit for cardholders. No-frills cash back credit cards are ideal for everyday general spend or large purchases and are most suitable for cardholders who want to be rewarded with cash back for their purchases but not be faced with the pressure of any spending requirements. The main disadvantage of most no-frills cash back credit cards is their low cashback rates as compared to category-based or tiered-based cash back credit cards. The list below shows the list of no-frills cashback credit cards in Singapore.

 

Which Cashback Credit Cards have No Minimum Spend?

Credit Card Issuer and Type of Card Cashback Cap Cashback Rate

UOB Absolute Cashback Card

5% cashback capped at $3,000 spend, No cap for 1.7% cashback

Earn 5% / 1.7% cashback for first 3 months / thereafter

Citi Cash Back+ Card

4.5% cashback capped at $5,000 spend, No cap for 1.6% cashback

Earn 4.5% / 1.6% cashback for first 3 months / thereafter

American Express True Cashback Card

3% cashback capped at $150, No cap for 1.5% cashback

Earn 3% / 1.5% cashback for first 6 months / thereafter

StanChart Spree Card

$60 a month

Earn 2% / 1% cashback on contactless and mobile payments / all other purchases

UOB UnionPay Card

$50 a month

Earn 2% cash rebates on all transactions

Maybank FC Barcelona Visa Signature Card

None

Earn 1.6% cashback on local spend

ICBC Chinese Zodiac Card

None

Earn 1.6% cashback on local spend

Standard Chartered Unlimited Cashback Card

1.5% bonus cashback capped at $100 a month. No cap for 1.5% base cashback

Earn 1.5% cashback on any purchase
Earn 3% cashback on any purchase if linked to StanChart Unlimited$aver Account with min. $100k deposit

HSBC Advance Credit Card

Base cashback capped at $70 a month. Total cashback capped at $300 a month

Earn 1.5% base cashback for all spend
Earn 2.5% base cashback for all spend if min. spend a month
Earn additional 1% bonus cashback for all spend if min. 5 card transactions and $2,000 spend + $2,000 deposit a month to HSBC Everyday Global Account

ICBC Global Travel MasterCard

None

Earn 1.5% cashback on local spend

CIMB World MasterCard

None

Earn 1.5% cashback on any purchase

Maybank Manchester United Platinum Visa Card

2% cashback capped at $20

Earn 1% cashback on local spend. Earn an additional 2% cashback on days when Manchester United wins a Premier League match

ICBC Horoscope Card

None

Earn 1% cashback on local spend

CIMB Visa Infinite Card

None

Earn 1% cashback on any purchase

BOC Visa Infinite Card

None

Earn 1% cashback on any purchase

HSBC Credit Cards

None

Earn 1% cashback on any purchase if min. 5 card transactions and $2,000 deposit monthly to HSBC Everyday Global Account

 

How to Choose a No-Frills Cash Back Credit Card?

Having looked hard (like really, really hard) into this list of no-frills cashback credit cards, we have concluded that it is almost impossible to pick the best no-frills cashback credit card simply by the cashback rate as the difference in cashback of 0.5% to 1% will certainly not make a cardholder become significantly richer from that extra cashback gained from picking one credit card over the other.

Here are some factors to consider when choosing a no-frills credit card from the list. American Express and UnionPay Credit Cards are not as commonly accepted as Visa or MasterCards and might not serve the purpose of being an everyday general spend card. American Express, UOB, Standard Chartered Bank and even Maybank have regular tie-ups with many online and offline merchants for discounts and promotions and their credit cards could come in handy when you need them for such card-related discounts. The cards listed here are generally entry-level credit cards which mean a minimum salary of $30,000 a year but the Visa Infinite Cards listed are actually targeted at higher income earners of minimum salary of $120,000 a year and comes with extra benefits like lounge access and complimentary travel insurance. These perks might be nice to have but not neccessary useful when looking for a no-frills cashback credit card. Lastly, one can consider making use of Credit Cards with Sign Up Cashback Promotions to get extra cashback for signing up for the credit cards listed here although it could mean having to meet a minimum spend in order to qualify for the signup cashback.

 

What is the Best No-Frills Cashback Credit Card with No Minimum Spend?

Consumers who want a no-frills credit card with unlimited cashback can seriously consider the newly launched UOB Absolute Cashback Card which awards 5% cashback (comprising of 1.7% base cashback and 3.3% bonus cashback) for the first 3 months and 1.7% cashback thereafter. The card comes with no restrictions for cashback indicating that one can spend on insurance, school fees, wallet top-ups, healthcare, utilities & telco bills or even rent to earn cashback. These categories are normally excluded from most cashback cards and is UOB way to stand out from the competition.

 

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