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. Earn 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. Cashback is capped: spend S$800 to S$1,599 a month and you can earn up to S$80 back; hit S$1,600 and the cap rises to S$160. Spend under S$800 and you drop to a flat 0.25%. 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 cardmembers: sign-up gifts worth over S$700, made up of a DELSEY Air Armour 68cm expandable trolley case, a 2-year annual fee waiver and S$180 cashback. Spend S$300 within 30 days of approval for the welcome gift, and a further S$300 in the same window for the bonus cashback. Re-verified 7 Sep 2026: OCBC has rolled the same offer forward and it now runs till 30 Sep 2026, one luggage and one bonus gift per applicant, while stocks last.
Valid till 30 Sept 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.
Two separate offers run in parallel. New-to-UOB cardmembers approved between 15 May and 30 Sep 2026 earn enhanced cashback for their first spend quarter: on the S$2,000 tier that is up to 20% at Grab, McDonald's, Shopee and SimplyGo and up to 18% on groceries, while the S$1,000 tier gets 5% on top, and the enhancement is capped at S$120 a statement month. Separately, apply between 1 Jul and 30 Sep 2026 and spend S$1,000 in your first month for a S$100 Samsung e-voucher.
Valid till 30 Sept 2026
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 30 Sep 2026.
Valid till 30 Sept 2026
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.
Welcome gifts worth S$710 (a Samsonite MODUS Spinner 25" case worth S$610 plus S$100 cashback) and 6 x S$5 instant Caltex fuel vouchers on approval, when you spend S$800 within 60 days of card approval. New-to-Standard-Chartered cardholders only. Re-verified 7 Sep 2026: the offer has been rolled forward and now runs till 30 Sep 2026.
Valid till 30 Sept 2026
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% | S$80, or S$160 | S$800, or S$1,600 | 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. Two of the sign-up offers, OCBC's and Standard Chartered's, close on that date, so confirm the current gift on the bank's page before you apply.
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. 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. 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$800 within 60 days of approval at Standard Chartered, S$800 in the first 2 months at Citi, S$300 within 30 days at OCBC. The offers listed on this page were verified against each bank's official site on 31 August 2026, and OCBC's and Standard Chartered's both close that day, so always confirm the current terms on the bank's own page before applying.
