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The best credit cards of 2022

Our top picks for cashback, no annual fee, rewards and more.

The best credit cards are ones that have excellent introductory offers, reasonable APRs and a bunch of perks to make the annual fee well worth it. Here are a few of the latest and best credit cards to grab our attention in July 2022.

best cashback credit cards 2019

How we select the best credit cards

To derive the true value of the credit cards and find the best one for each category, we’ve examine the details and compared 19 cards using a star rating system.

Credit card ratings

★★★★★ — Excellent

★★★★☆ — Good

★★★☆☆ — Average

★★☆☆☆ — Subpar

★☆☆☆☆ — Poor

Our team evaluates credit cards to determine their value against similar cards on the market.

We rank card types — travel, cash back, business — on a set of factors that are most relevant to that type of card. We create these rankings to help you narrow down a credit card that best suits your spending and budget.

Disclaimer: The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

How do I compare the best credit cards?

No matter what type of credit card you’re looking for, it’s important to understand all the key terms so that you can get one that works best for you. So, here are the key features you should look at when you compare credit cards.

Fee or featureDescription
Annual feeThe amount you’ll pay every year to keep the card and the account open (ranges from $0 to over $800).
Purchase interest rateThe interest rate charged for most purchases you make (usually 25% to 28% p.a.).
Interest-free periodThe amount of days applicable to new purchases where interest isn’t charged (usually from 20 to 25 days).
Balance transfer rateThe interest rate that applies to the balance you move onto the new card (usually at a prevailing interest rate between 18% – 28% p.a.).
Balance transfer feeIf applicable, this one-time processing fee is charged when you move a debt to a balance transfer card. It’s usually 1% – 3% of the amount transferred or a flat dollar amount between $100 – $200.
Cash advance rateThis rate is charged when you make an ATM withdrawal or cash-equivalent transaction. It is usually around 29% to 30% p.a. and is charged from the date the transaction is made.
Cash advance feeA one-time fee that’s charged when you make a cash-equivalent transaction. It’s usually 8% of the total transaction, with a minimum dollar amount between $10 – $15.
Foreign transaction feeApplies when you make a transaction in a foreign currency – whether that’s online or when you’re overseas. It is usually 2% – 3.5% of the transaction value once it’s converted to Singapore dollars.
Other fees and chargesKeep an eye out for additional cardholder fees, printed statement fees, optional rewards program enrolment fees, card replacement fees or any other charges that you think will apply to you based on how you plan to use the card.
Introductory offersCredit cards often come with promotional features and perks for new customers, such as welcome gifts, bonus points or waived annual fees in the first year. These types of deals can give you more value when you first get a new card, as long as you meet the offer requirements.
Rewards programIf you want to earn rewards for your credit card spending, pay attention to the type of rewards available. Some credit cards are linked to existing reward schemes, including the KrisFlyer and Asia Miles programmes. Others have their own rewards programs, such as Citi ThankYou Rewards or American Express Membership Rewards.
Insurance coversAvailable insurance covers (if any) that are included with the card. Common types include international travel insurance, purchase protection insurance and extended warranty cover.
Other perksSome of the most popular extras include airport lounge passes, flight and travel vouchers, gift cards, concierge services, ticket and event offers, hotel discounts and status credits, discounts with retail partners and complimentary subscriptions.
Lender or issuerCredit card providers have different criteria when it comes to eligible purchases, debt you can transfer, packaged home loan products and more.

Compare some of the best credit cards

1 - 12 of 12
Name Product Cashback Offer Reward Annual Fee
HSBC Advance Credit Card
Enjoy up to 3.5% cashback on all purchases with no minimum spend
Receive up to $200 cashback when minimum spend requirements are met.
$0 annual fee for 1 year (permanently waived for HSBC Advance banking customers) - $192.60 thereafter
New cardholders can choose from a Samsonite Prestige 69cm Spinner Exp with built-in scale (worth $670) or $200 cashback upon $500 minimum spend. Plus, receive up to $150 cashback when you apply for supplementary cards. Existing HSBC credit cardholders are eligible to receive $50 cashback. T&Cs apply. Ends 31 Dec 2022.
American Express CapitaCard
N/A
Earn up to 3% rebate (6X STAR$) at participating merchants in CapitaLand Malls in town.​ An additional 5% rebate (10X STAR$) at participating STAR$ X’tra Partners in CapitaLand Malls.​
$0 annual fee for 1 year - $171.20 thereafter
New members can receive 150,000 STAR$ by spending $1,500 in the first 3 months of card membership and up to 45,000 STAR$ upon $1,200 per calendar month, based on 6X STAR$ at participating merchants in CapitaLand Malls in town. T&Cs apply. Ends 10 July 2022.
Citi PremierMiles Card
Up to 20% cashback at selected merchants
Earn 1.2 Citi Miles for every $1 spent locally and 2 Citi Miles for every $1 spent overseas.
$192.60
New cardholders can earn 25,000 Citi Miles as a welcome bonus upon payment of the annual fee and $800 minimum spend requirement within two months from date of card approval. Alternatively, cardholders can get 5,000 Citi Miles as a welcome bonus if the $800 minimum spend requirements are met within two months from date of card approval. T&Cs apply. Ends 31 July 2022.
Aspire Corporate Card
1% Cashback for qualified spend of above S$5,000. T&Cs apply
Enjoy exclusive perks and discounts with Aspire's extensive range of partners, redeemable at anytime
$0
A corporate debit card for SMEs and Startups with no annual fee and low FX fees. Enjoy 1% cashback on marketing and SaaS spend. T&Cs apply.
American Express True Cashback Card
Earn 1.5% cashback on all eligible spending with no minimum spend or cap
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.
$0 annual fee for 1 year - $171.20 thereafter
Apply today and get a 3% Cashback bonus when you spend $5,000 in the first six months.
Citi Cash Back Card
6% cash back on dining, 8% cashback on groceries and petrol transactions. 0.25% cashback on other retail purchases, capped at $80 for all transactions per statement month.
Get up to 20.88% fuel discounts at Esso and Shell, 6% cashback on dining and 8% cashback on groceries.
$0 annual fee for 1 year - $192.60 thereafter
Get a welcome gift of $300 cash back when you spend $800 in the first two months. T&Cs apply. Ends 31 July 2022.
HSBC Revolution Credit Card
Receive up to $200 cashback. T&Cs apply. Ends 30 April 2022.
Earn up to 10X Reward points or 4 miles per $1 spent on qualifying purchases.
$0
New cardholders can choose from a Samsonite Prestige 69cm Spinner Exp with built-in scale (worth $670) or $200 cashback upon $500 minimum spend. Plus, receive up to $150 cashback when you apply for supplementary cards. Existing HSBC credit cardholders are eligible to receive $50 cashback. T&Cs apply. Ends 31 Dec 2022.
HSBC Visa Platinum Credit Card
Up to 5% cash rebates on groceries, dining and fuel with minimum monthly spend of at least $600.
Earn 1 Reward point for every $1 on all spend.
$0 annual fee for 2 years - $192.60 thereafter
New cardholders can choose from a Samsonite Prestige 69cm Spinner Exp with built-in scale (worth $670) or $200 cashback upon $500 minimum spend. Plus, receive up to $150 cashback when you apply for supplementary cards. Existing HSBC credit cardholders are eligible to receive $50 cashback. T&Cs apply. Ends 31 Dec 2022.
POSB Everyday Card
up to 3% cash rebates utilities and telecommunications bills and up to 10% cash rebates on dining and online shopping at selected e-Marketplaces.
Enjoy up to 10% cash rebates on dining and online shopping at selected e-Marketplaces.
$0 annual fee for 1 year - $192.60 thereafter
Receive $150 cashback when you apply online and charge at least $800 within the first 60 days from card approval date. Promo code : '150CASH'.T&Cs apply. Valid until 31 July 2022.
Citi Rewards Credit Card
Up to 26% cashback at selected merchants
10X Rewards on eligible online (except travel), fashion shopping, department stores, taxi/ride hailing apps, food delivery and online groceries, capped at 9,000 points per statement month.
1X Rewards for other retail purchases.
$0 annual fee for 1 year - $192.60 thereafter
Get up to 30,000 Citi Thank You points when you spend $3,000 in the first 3 months. T&Cs apply. Ends 31 July 2022.
American Express Singapore Airlines KrisFlyer Credit Card
$150 cashback for use at singaporeair.com when you spend a minimum of $12,000
For every $1 spent, earn 1.1 KrisFlyer miles on all eligible purchases, 2 KrisFlyer miles in foreign currency spent overseas during June & December and 3.1 KrisFlyer miles on eligible Grab Singapore transactions.
$0 annual fee for 1 year - $176.55 thereafter
Get up to 5,000 KrisFlyer miles with a minimum spend of $1,000 in the first 2 months and an additional complimentary one-night stay at Hilton Singapore Orchard (worth up to $418++) if you are new to American Express. Valid until 10 July 2022. Also, receive 1,100 KrisFlyer miles based on the $1,000 spending above (based on 1.1 KrisFlyer miles per $1 spent locally). T&Cs apply.
UOB PRVI Miles American Express Card
Get $100 cash credit when you apply.
Earn 1.4 miles for every $1 spent locally and 2.4 miles for every $1 spent overseas.
$0 annual fee for 1 year - $256.80 thereafter
Receive up to 21,000 welcome miles when you apply and spend at least $1,500 minimum spend within 30 days from card approval date. T&Cs apply. Ends 31 July 2022.
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What features are in the best credit cards?

Before signing up for a credit card, make sure to review and compare some of these key features:

Signup bonus

Many rewards cards offer bonus points to new customers to help you kick start your rewards cache.

Earning categories

Does the card earn points on all purchases or just some purchases? And do some categories offer more points than others?

Transfer opportunities

Big name rewards cards allow you to transfer your points to travel rewards programs. This flexibility is highly valuable when used correctly.

Perks

Rewards cards can come with a terrific selection of additional benefits. These can prove valuable provided they suit your needs.

Annual fee

Many cards offer decent rewards for no annual fee. Expect to pay a bit more, however, if you’re looking to get the highest rewards rate, the most generous welcome offer or a host of premium perks.

0% balance transfer

Transfer debt to a 0% transfer card to save on interest while paying off your debt.

Bottom line

When you’re looking at getting a credit card, know that there’s no one “best” credit card for everyone since the value you get depends on your personal spending habits and card preferences.

Before applying, make sure you compare cards based on their features and fees so to find one that suits your budget and needs.

  • Why trust us? Here at Finder, we have an experienced team of credit card experts who are passionate about helping you learn about credit cards and find the right card for you. We’ll let you know if a card has high fees and poor rewards compared to other cards in the industry. We aim to educate readers how to identity a great card that will benefit their finances. After all, we have thousands of hours of credit card research under our belt and we’ve pledged to write unbiased and accurate content in our editorial guidelines.

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