DBS vs OCBC vs UOB vs Citi: we compared Singapore's top credit cards by cashback rate, monthly cap, minimum spend, annual fee and welcome bonus, so you know exactly which card to put in your wallet.
Every cashback card on this list advertises a big number, then quietly caps it.
> Quick view: the highest headline rate is the DBS yuu Card at up to 18% on yuu merchants, but its bonus stops at S$144 a month. The best household all-rounder is the OCBC 365. Spend under S$800 a month and every tiered card here falls to 0.2-0.25%, so a flat 1.5% card returns more.
The highest headline rebate on this list. Earn up to 18% cash rebates on yuu merchant spend (Cold Storage, Giant, Guardian, 7-Eleven, foodpanda, Gojek, Singtel Shop, Charge+ and purchases via the CHAGEE app) and on SimplyGo transport. That is a 5% base plus a 13% bonus, but the bonus only unlocks if you hit S$800 minimum spend AND transact at 4 different participating merchants in the same calendar month. Miss either condition and it stays at 5%. Non-yuu merchants earn 0.25%. Bonus rebates are capped at S$144 a month, so the 18% applies to roughly the first S$800 of yuu spend. You can also take the same points as up to 10 miles per S$1 instead of cash. Annual fee S$196.20, waived for the first year only.
New to DBS/POSB credit cards: choose the Samsonite MINTER 80/30 Trunk Luggage (worth S$680) with promo code MINTER, or S$288 cashback with promo code CASH288, subject to the qualifying spend on DBS's sign-up page.
The everyday cashback workhorse, and the card here that covers the widest set of daily categories. Until 31 October 2026 it earns 6% on petrol, 5% on dining (local, overseas and food delivery), and 3% on groceries, utilities, land transport, streaming, Watsons and EV charging, with 0.25% on everything else, capped at S$80 a month on S$800 to S$1,599 of spend or S$160 from S$1,600. From 1 November 2026 the programme is rebuilt, mostly for the better: dining (now including fast food), groceries, land transport and petrol all earn 6%, and the tiers collapse into a single S$800 minimum spend with the full S$160 monthly cap. The trade-off is that telco, utilities, streaming and EV charging drop to the 0.25% base rate, and Watsons keeps its 3% only until 31 March 2027. Below S$800 of monthly spend everything stays at a flat 0.25%, before and after the change. Annual fee S$196.20, waived for the first two years and after that on S$10,000 of annual spend, which is the most generous waiver on this list apart from the fee-free HSBC Revolution.
New OCBC credit cardmembers: S$300 cashback plus a 2-year annual fee waiver with S$800 of eligible spend within 60 days of card approval, valid till 31 Dec 2026. From 1 Nov 2026 the card earns 6% on dining (including fast food), groceries, land transport and petrol, with a single S$800 minimum spend and the full S$160 monthly cap; telco, utilities, streaming and EV charging fall to the 0.25% base rate, and Watsons keeps 3% only until 31 Mar 2027.
Valid till 31 Dec 2026
Best for disciplined spenders who can hit a fixed monthly spend target every month of the quarter. Earn up to 10% cashback at Grab, McDonald's, Shopee and SimplyGo, up to 8% on groceries, up to 4.33% on Singapore Power utilities, and fuel savings of up to 22.66% at Shell and SPC. Cashback is paid quarterly: S$600 a month (min. 10 transactions) returns S$60, S$1,000 returns S$100, and S$2,000 returns S$200, up to S$2,240 a year. The additional category cashback on top of the quarterly payout is capped at S$120 a month. Annual fee S$196.20, waived for the first year. Pairs with the UOB One Account for bonus interest.
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A strong contender for drivers and commuters: 8% cashback on petrol worldwide and on private commute (Grab, Gojek), plus 6% on dining and groceries worldwide. At Caltex, Esso and Shell that works out to fuel savings of up to 23.64% including the 8%. Everything else earns 0.2%. The S$800 a month minimum spend is manageable for most households, but note the cashback is capped at S$80 a month combined across all categories, not S$80 per category. Annual fee S$196.20, first year waived.
New Citi cardmembers: S$300 cash back with S$800 of qualifying spend in the first 2 months. Offer runs till 31 Mar 2027.
Valid till 31 Mar 2027
The no-fuss card for people who hate complicated cashback structures. Earn a flat 1.5% cashback on all spend, with no minimum spend, no cashback cap and no category restrictions. Annual fee of S$196.20 is waived for the first year. If you want one card to rule them all without tracking categories, this is it.
New to Standard Chartered credit cards, 1 Oct 2026 to 1 Feb 2027: apply for Simply Cash together with a Bonus$aver account, then within 30 days of card approval spend S$1,000 on the card, deposit and keep at least S$20,000 of fresh funds in Bonus$aver and hold an SC Online Trading account, for 1 NVIDIA share, or 3 shares with S$50,000 of fresh funds (Standard Chartered values three shares at about S$785 at the 14 Aug 2026 price). The card-only welcome gift worth S$710 ended with its 30 Sep 2026 terms, even though the card page banner still shows it.
Valid till 1 Feb 2027
The best card for online shoppers and contactless payment users. Earn 10X rewards points (equivalent to 4 miles per S$1) on online purchases and contactless payments, which covers most daily spending in Singapore, with bonus points capped at 9,000 a month. Hold S$50,000 average daily balance in an HSBC Everyday Global Account and that rises to 20X points, or up to 8 miles per S$1, capped at 22,800 bonus points a month. The annual fee is waived outright, the only permanent waiver on this list, and every Revolution card was upgraded from Visa Platinum to Visa Signature on 1 April 2026, which adds complimentary travel insurance.
New HSBC cardholders: 42,000 rewards points (worth 16,800 miles) with S$1,000 of spend. Existing cardholders: S$50 cashback with S$500 of spend. Spending counts from your card account opening date to the end of the following month, and you must give marketing consent to qualify.
American Express's simplest card: a flat 1.5% cashback on all spend with no minimum spend and no cashback cap, credited in the same month's statement rather than quarterly. New cardmembers get 3% cashback for the first 6 months on up to S$5,000 of spend, so up to S$150 of welcome cashback, one of the best welcome offers in Singapore. Annual fee S$174.40, waived for the first year, with the first two supplementary cards permanently free and S$87.20 for each one after that. Note that Amex acceptance is slightly lower than Visa or Mastercard at smaller hawker stalls.
New cardmembers: 3% cashback on the first S$5,000 of eligible spend within 6 months, worth up to S$150. The standard ongoing rate is 1.5% with no minimum spend and no cap.
| Card | Headline rate | Monthly cap | Min. monthly spend | Annual fee |
|---|---|---|---|---|
| DBS yuu | 18% (yuu merchants) | S$144 | S$800 + 4 merchants | S$196.20, yr 1 free |
| OCBC 365 | 6% / 5% / 3%; all 6% from 1 Nov | S$80, or S$160; S$160 from 1 Nov | S$800, or S$1,600; S$800 from 1 Nov | S$196.20, yrs 1-2 free |
| UOB One | 10% / 8% | S$120 | S$600 / S$1,000 / S$2,000 | S$196.20, yr 1 free |
| Citi Cash Back | 8% / 6% | S$80 | S$800 | S$196.20, yr 1 free |
| SC Simply Cash | 1.5% | - | - | S$196.20, yr 1 free |
| HSBC Revolution | 10X points | 9,000 points | - | S$0 |
| Amex True Cashback | 1.5%, 3% for 6 months | - | - | S$174.40, yr 1 free |
Almost every cashback card in Singapore has a monthly cap, and the headline rate is what you earn only until you hit it. A card advertising 8% with an S$80 monthly cap stops rewarding you after S$1,000 of category spend, so the best rate on paper is often not the one that returns the most cash for how you actually spend.
The annual fee deserves the same scrutiny. Only the HSBC Revolution is permanently free. The other six charge S$174.40 to S$196.20 once the introductory waiver runs out: two years for the OCBC 365, one year for DBS yuu, UOB One, Citi, Standard Chartered and Amex.
The right card depends far less on the advertised rate than on where your money goes each month. Here is how the seven cards above map onto the most common spending profiles in Singapore:
A practical rule: pick for your top two spending categories, not for the biggest number on the ad.
Every rate, cap, minimum spend, annual fee and welcome offer on this page was verified against each bank's own product page on 31 August 2026, and every welcome offer was re-checked on 27 September 2026. Three of them (OCBC, UOB and Standard Chartered) closed on 30 September 2026. On 5 October 2026 UOB still listed no new One Card gift, while Standard Chartered had replaced its card-only gift with NVIDIA shares for applicants who also open a Bonus$aver account, running to 1 February 2027. Citi's S$300 cash back runs to 31 March 2027, so confirm the current gift on the bank's page before you apply. OCBC's 1 November 2026 cashback changes were taken from the bank's own notice on the OCBC 365 product page, checked on 1 October 2026. On 18 October 2026 every offer was checked again: OCBC now gives new cardmembers S$300 cashback and a 2-year annual fee waiver on S$800 of spend within 60 days of approval (to 31 December 2026), UOB still lists no One Card gift, and the DBS, Citi, Standard Chartered, HSBC and Amex offers are unchanged.
On headline rate, the DBS yuu Card leads at up to 18% on yuu merchants (Cold Storage, Giant, Guardian, 7-Eleven, foodpanda, Gojek and more) and SimplyGo, but only if you spend S$800 and transact at 4 different participating merchants in the same month. Otherwise it stays at 5%. For petrol, the Citi Cash Back Card's 8% leads and also covers private commute (Grab, Gojek, taxis), with the OCBC 365 next at 6%. What matters more than the headline rate is the monthly cap: the DBS yuu bonus is capped at S$144 a month, Citi at S$80, and OCBC 365 at S$80, or S$160 if you spend S$1,600 (from 1 November 2026 the OCBC 365 simplifies to a single S$800 minimum with a S$160 cap, and dining, groceries and land transport join petrol at 6%). Past the cap, every extra dollar earns the base rate, which is why the highest advertised percentage rarely returns the most cash.
Only the HSBC Revolution on this list is free outright, with the annual fee waived for as long as you hold the card. Every other card here carries a fee once its introductory waiver ends: S$196.20 for the DBS yuu, UOB One, Citi Cash Back and Standard Chartered Simply Cash (first year waived), S$196.20 for the OCBC 365 (first two years waived, then waived on S$10,000 of annual spend), and S$174.40 for the Amex True Cashback (first year waived, plus the first two supplementary cards permanently free). A flat 1.5% card earns S$36 on S$2,400 of spend, so if you plan to keep a fee-charging card past its waiver, check that your annual cashback actually clears the fee. Banks will often waive the fee on request when you call, but that is discretionary, not a published right.
Yes. The Standard Chartered Simply Cash and the Amex True Cashback both pay a flat 1.5% on everything with no minimum spend, no cashback cap and no categories to track. They earn less than a tiered card at peak, but you never lose cashback for missing a spend target, which suits irregular or lower monthly spending. The Amex also credits your cashback in the same month's statement, while UOB One pays out only once a quarter.
Two to three is the sweet spot for most people. Because each card caps its cashback monthly, a single card stops rewarding you once you hit the cap. A common setup is one tiered card for your biggest category (groceries, dining or petrol), one flat-rate card to catch everything else, and optionally a miles card if you travel. Holding more than that usually means missing minimum spends across all of them.
For a household spending across all four categories, the OCBC 365 is usually the strongest single card, because it is the only one here that rewards every one of them: 6% on petrol, 5% on dining and food delivery, and 3% on groceries and utility bills. At S$1,600 of monthly spend the cap rises to S$160, which suits a S$2,500 to S$3,000 family budget better than a card capped at S$80. From 1 November 2026 the case gets stronger still: dining (including fast food), groceries, land transport and petrol all earn 6%, and the S$160 cap applies from just S$800 of spend, though utility bills drop to the 0.25% base rate. The exception is if your groceries are mostly at Cold Storage, Giant or 7-Eleven, because the DBS yuu Card pays far more on that spend but only 0.25% everywhere else, so it works best as a second card rather than your only one.
Yes, and they change frequently, often monthly. Sign-up gifts also usually require a qualifying spend within a set window: S$1,000 within 30 days of approval at Standard Chartered, S$800 within 60 days at OCBC, S$800 in the first 2 months at Citi. UOB's One Card gift closed on 30 September 2026 and had not been replaced when we re-checked on 18 October 2026. OCBC's luggage gift ended the same day and was replaced by S$300 cashback with a 2-year fee waiver, running to 31 December 2026, while Standard Chartered swapped its card-only gift for an NVIDIA-share offer that also needs a Bonus$aver deposit and runs to 1 February 2027. Citi's runs to 31 March 2027, and DBS, HSBC and Amex publish no end date, so always confirm the current terms on the bank's own page before applying.
