Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Best unlimited cashback credit cards

How to find credit cards that offer cashback rewards and earning opportunities.

Cashback rewards offer a simple and effective way to lower your monthly credit card bill. If you love to make savings wherever possible, it figures that you’ll want to look for cards with the maximum cashback potential. However, there are usually a number of limits to cashback credit cards and it’s important to understand these before you lodge an application.

We’ll help you weigh the pros and cons of these cards, and how to compare the best unlimited cashback credit cards for you.

Compare unlimited cashback credit cards

1 - 4 of 4
Name Product Reward Cashback Offer Annual Fee Min Income - Singaporean and PR
American Express True Cashback Card
Enjoy 1.5% cashback on all purchases with no minimum spend or cap. Plus receive up to $80 CapitaVouchers when a minimum spend of $250 is made in the first month.
Earn 1.5% cashback on all eligible spending with no minimum spend or cap
$0 annual fee for the first 1 year and $171.20 thereafter
Apply today and get a 3% cashback bonus when you spend $5,000 in the first six months.
Standard Chartered Unlimited Cashback Credit Card
Shopping, travel and lifestyle offers at over 3,000 outlets in Asia
Earn 1.5% cashback on all of your credit card spend with no cap and minimum spend. Additionally, get up to $20,000 cash with 100% cashback on your processing fee. Plus, get $120 cashback upon card activation on your approved Funds Transfer Amount.

$0 annual fee for the first 2 years and $192.60 thereafter
Receive up to $255 cashback and 3-month Disney+ subscription when you spend and apply for at least 1 EasyPay on our cashback credit card. T&Cs apply.
Maybank Family & Friends Credit Card
Earn up to 8% cash rebates in grocery stores, supermarkets, online grocery shopping and other categories when minimum spend requirements are met.
Up to 8% cashback on groceries, food delivery, transport, petrol and more with minimum spend of S$800 per month.
$0 annual fee for the first 3 years and $180 thereafter
Receive Garmin vívomove Style (worth S$469) when you apply, charge to your card and withdraw from your CreditAble account with a minimum of S$300 for each of the first two months upon approval. T&Cs apply.
Maybank FC Barcelona Visa Signature Card
Chance to win a trip for 2 to watch FC Barcelona every season
1.6% cash rebate on all spend locally. No minimum spend or cap
$120 annual fee
Receive Garmin vívomove Style (worth S$469) when you apply, charge to your card and withdraw from your CreditAble account with a minimum of S$300 for each of the first two months upon approval. T&Cs apply.

Compare up to 4 providers

What is an unlimited cashback card?

Cashback credit cards offer you rewards by crediting your account. As you use your card, you will accumulate “cashback”, typically calculated as a percentage of your spend. The percentage you are awarded will depend on the rates attached to your specific card.

Some cards offer cashback on all spending, while some only offer cashback on designated purchase types. The total amount you are rewarded through cashback is generally applied as a credit (discount) to your next monthly statement.

Are unlimited cashback cards really unlimited?

Unfortunately, no, they’re not. While cashback credit cards may advertise themselves as ‘”unlimited”, there is generally a range of terms and conditions attached that limit the amount of cashback you can earn. When estimating the amount you may save with a cashback credit card, be sure to check the following:

How to choose the best unlimited cashback card

There are a number of factors to consider when choosing a cashback credit card. These include:

  • Cashback rates. The easiest way to distinguish between cashback credit cards is to compare the cashback rate. The higher the percentage, the more you’ll save. Some cards offer different rates for different purchase types, so be sure to consider any variations when making a decision.
  • Caps. While a high cashback rate is desirable, it may be subjected to a cap. This means that you won’t be able to earn cashback rewards beyond a certain point. Be sure to check the cashback cap on cashback credit cards before making a choice.
  • Bonus cashback. Cashback cards may offer a lower rate on the majority of your spend, and then a higher rate for spending at partnered merchants. These higher rates are often referred to as “bonus cashback”. Be sure to check for any bonus cashback deals, as these can really maximise your savings. If you see an offer with a retailer you shop at regularly, this could be a great way to choose a card.

Bottom line

Cashback credit cards can be a simple and effective way to lower your monthly credit card bill. A reward in the form of saving money is a benefit everyone can make the most of.

As with all credit cards, it’s important to read the terms and conditions associated with a card before signing up. If you want a credit card that offers cashback, start comparing your options here.

Frequently asked questions

Will I ever see my cashback rewards as money in my account?

No. While you are earning “cashback”, the amount you earn will either be listed as a credit or discount on your next monthly bill. Should you ever cancel your credit card, there is a good chance you will lose out on the savings you earned in the last month. It’s best to ask your bank exactly how cashback rewards are handed out before you apply for the card.

Can I pay my IRAS tax with a cashback credit card?

You may be able to pay your IRAS tax with your cashback credit. You’ll need to contact your bank and find out if they offer a tax payment facility and whether your card is eligible for this service. Check out our guide to paying tax with a credit card to learn more.

Why is a cashback credit card better than other credit cards?

One type of credit card is not better than another. The best credit card for you will depend on how you plan to use the card and your financial situation. An Air miles credit card could be the best option for a frequent flyer, but a complete waste of time for somebody who plans to stay in Singapore for years. The same goes for cashback credit cards, they are the best option for those who have spending habits best suited to maximise the cashback opportunities.

Back to top

More guides on Finder

Ask Finder

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy Policy and Terms.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site