No Annual Fee Credit Cards

Save on card costs and enjoy a wide range of benefits with a no annual fee credit card.

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No annual fee credit cards let you enjoy a range of features and perks without having to pay a yearly account fee. Depending on the type of card you choose, you’ll enjoy no annual fee for the life of the card or a S$0 annual fee for a promotional period (such as the first year you have the card). There are also some credit cards that offer a waived annual fee on an ongoing basis if you meet specific spending criteria.

HSBC Advance Credit Card

HSBC Advance Credit Card

Receive S$150 cash back or a Prestige 69cm Spinner Exp luggage

Offer ends 30 June 2020

Eligibility criteria, terms and conditions, fees and charges apply

HSBC Advance Credit Card

Apply today and enjoy 3.5% cash back on all purchases. No minimum spend required.

  • Principal Annual Fee: S$0 annual fee for 1 year (permanently waived for HSBC Advance banking customers) - S$192.60 thereafter.
  • Cashback Rate: 3.5%
  • Annual Interest Rate: 25.9%
  • Minimum Income (Singaporean & PR): S$30,000
  • Minimum Income (Non-Singaporean): S$40,000
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Compare no annual fee credit cards in Singapore

Name Product Reward Cashback Offer Annual Fee Min Income - Singaporean and PR
HSBC Advance Credit Card
Enjoy annual fee waivers, up to 16% off your fuel, 1-for1 lifestyle offers, and more
Enjoy up to 3.5% cashback on all purchases with no minimum spend
S$0 annual fee for 1 year (permanently waived for HSBC Advance banking customers) - S$192.60 thereafter
S$30,000
New cardholders will be awarded with a Samsonite Prestige 69cm Spinner Exp with built-in scale (worth SS670) or S$150 cashback with minimum spend of S$800 in qualifying transactions from card approval to the end of the following month. Receive an additional S$20 worth of grab rides when you apply online with MyInfo via SingPass. T&Cs apply. Ends 30 June 2020.
KrisFlyer UOB Credit Card
Earn 3 KrisFlyer miles per S$1 when you spend with Singapore Airlines, Scoot, SilkAir or KrisShop and 1.2 KrisFlyer miles per S$1 on all other spend.
Get S$150 cash credit if you spend S$1,500 or more within 30 days. First 800 new customers only.
S$0 annual fee for 1 year - S$192.60 thereafter
S$30,000
Apply today and enjoy up to 3,000 KrisFlyer miles if you charge at least S$1,500 to your credit card in the first month.
HSBC Visa Platinum Credit Card
Earn 1 Reward point for every $1 on all spend.
Up to S$150 cash back when you spend
S$800 in your first month. Ends 30 June 2020

S$0 annual fee for 2 years - S$192.60 thereafter
S$30,000
New cardholders will be awarded with a Samsonite Prestige 69cm Spinner Exp with built-in scale (worth SS670) or S$150 cashback with minimum spend of S$800 in qualifying transactions from card approval to the end of the following month. Receive an additional S$20 worth of grab rides when you apply online with MyInfo via SingPass. T&Cs apply. Ends 30 June 2020.
UOB PRVI Miles Visa Card
6 air miles for every S$1 spent through Expedia, Agoda and UOB Travel
Get S$150 cash credit when you apply. Minimum S$1,500 spend within 30 days. First 800 eligible applicants only
S$0 annual fee for 1 year - S$256.80 thereafter
S$30,000
Apply today and enjoy up to S$150 in cash credits. Plus, free travel cover.
Standard Chartered Rewards+ Credit Card
Up to 10X rewards points for every S$1 spent in foreign currency on
overseas retail, dining and travel
Apply today via MyInfo and receive up to S$100 cashback. End 31 May 2020.
S$0 annual fee for 2 years - S$192.60 thereafter
S$30,000
Apply today and enjoy a range of perks including 1-for-1 movie tickets with Cathay Cineplexes. Plus, complimentary travel medical insurance.
UOB PRVI Miles World Mastercard
6 air miles for every S$1 spent through Expedia, Agoda and UOB Travel
Get S$150 cash credit when you apply. Minimum S$1,500 spend within 30 days. First 800 eligible applicants only.
S$0 annual fee for 1 year - S$256.80 thereafter
S$30,000
Apply today and enjoy up to S$150 in cash credits. Plus, free travel cover.
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 minimum spend. Additionally, get 1% cashback on your approved Funds Transfer Amount.

S$0 annual fee for 2 years - S$192.60 thereafter
S$30,000
Apply today via MyInfo and receive up to S$100 cashback. End 31 May 2020.
UOB Lady's Card
10X UNI$ (or 20 miles) per S$5 spent on chosen category with no min. spend required
New customers can get up to S$230 in bonus cash credits. Until 30 June 2020. Ts&Cs apply
S$0 annual fee for 1 year - S$192.60 thereafter
S$30,000
Apply today and get up to S$230 in bonus cash credits. Plus, 0% interest on some purchases for up to 12 months.
UOB PRVI Miles American Express Card
6 air miles for every S$1 spent through Expedia, Agoda and UOB Travel.
Get S$150 cash credit if you spend a minimum of S$1,500 within 30 days. First 800 new customers only.
S$0 annual fee for 1 year - S$256.80 thereafter
S$30,000
Apply today and enjoy free transfers to Changi Airport. Plus, 20,000 bonus air miles if you charge S$50,000 to your card in a year.
UOB One Card
Up to 10% cashback on Grab and UOB Travel transactions; 6% for your Singapore Power bill; and 5% back on all other spending
New customers can get up to S$230 in bonus cash credits. Until 30 June 2020. Ts&Cs apply
S$0 annual fee for 1 year - S$192.60 thereafter
S$30,000
Apply today and get up to S$230 in bonus cash credits. T&Cs apply.
UOB Yolo Card
Wide range of discounts including at Bubble Tea Factory. Plus, complimentary travel insurance
Enjoy up to 8% cashback on dining, travel, shopping and entertainment. Plus, a further 3% cashback in selected categories
S$0 annual fee for 1 year - S$192.60 thereafter
S$30,000
Apply today and get up to S$230 in bonus cash credits. T&Cs apply.
HSBC Revolution Credit Card
Up to 5X Rewards points (2 miles per S$1 spent) on qualifying purchases
S$150 cashback when you make S$800 in qualifying transactions in the first month of your account. Ends 30 June 2020
S$0 annual fee for 2 years - S$160.50 thereafter
S$30,000
New cardholders will be awarded with a Samsonite Prestige 69cm Spinner Exp with built-in scale (worth SS670) or S$150 cashback with minimum spend of S$800 in qualifying transactions from card approval to the end of the following month. Receive an additional S$20 worth of grab rides when you apply online with MyInfo via SingPass. T&Cs apply. Ends 30 June 2020.
Citi Cash Back Card
Get up to 20.88% off fuel. Plus, travel offers in 95 countries
8% cash back on dining, groceries and petrol transactions
S$0 annual fee for 1 year - S$192.60 thereafter
S$30,000
Get a welcome gift of S$120 cash back when you spend S$1,200 in the first 3 months. T&Cs apply. Ends 31 January 2021.
Standard Chartered Spree Credit Card
Up to 20% savings on your fuel
Apply today via MyInfo and receive up to S$100 cashback. End 31 May 2020.
S$0 annual fee for 2 years - S$192.60 thereafter
S$30,000
Enjoy up to 3% cashback on all online spend in foreign currency and all vPost spend. Plus, up to 25% off on postal services and lots more.
Citibank SMRT Card
Up to 5% savings on groceries, fast food, movies, and coffee. Plus, 3% savings on online shopping
Redeem S$10 cash back for shopping vouchers with every 10 SMRT$ earned
S$0 annual fee for 2 years - S$192.60 thereafter
S$30,000
Get a welcome gift of S$120 cash back when you spend S$1,200 in the first 3 months. T&Cs apply. Ends 31 January 2021.
Citi Rewards Credit Card
10X Rewards on certain shopping spend, including online purchases
Up to 20% cash back at selected merchants
S$0 annual fee for 1 year - S$192.60 thereafter
S$30,000
Get 30,000 Citi Thank You points when you spend S$3,000 in the first 3 months. T&Cs apply. Ends 30 June 2020.
Standard Chartered NUS Alumni Platinum Credit Card
Earn 1 Rewards point for every S$1 charged to your card
Apply today via MyInfo and receive up to S$100 cashback. End 31 May 2020.
S$0 annual fee for 2 years - S$192.60 thereafter
S$30,000
Apply today via MyInfo and receive up to S$100 cashback. End 31 May 2020.
Citi PremierMiles Card
Deals and discounts in 95 countries. Plus, 10% off on hotel bookings with Expedia
Up to 10% cash back at selected merchants
S$0 annual fee for 1 year - S$192.60 thereafter
S$30,000
Get 37,300 miles when you spend S$9,000 in the first 3 months. Annual fee applies. Ends 30 June 2020.
POSB Everyday Card
Enjoy up to 15% cash rebates on daily essentials.
Up to 15% cash rebates on daily essentials such as groceries and online food delivery.
S$0 annual fee for 1 year - S$192.60 thereafter
S$30,000
Get AirPods or S$200 cashback when you sign up by 30 June 2020.
DBS Altitude Card
Earn up to 4 miles per S$1 spend, with no expiry.
N/A
S$0 annual fee for 1 year with 10,000 bonus miles - S$192.60 thereafter
S$30,000
Get AirPods or 38,000 miles when you sign up by 30 June 2020.
DBS Live Fresh Card
Up to 10% cashback.
Up to 10% cashback on Online & Visa Contactless Spend (including SimplyGo rides)
S$0 annual fee for 1 year - S$192.60 thereafter
S$30,000
Get AirPods or S$200 cashback when you sign up by 30 June 2020.
DBS Woman’s World Card
Up to 10X DBS Points (or 20 miles) per S$5 spent on online and overseas purchases
S$200 Cashback when you apply now!
S$0 annual fee for 1 year - S$192.60 thereafter
S$80,000
Get AirPods or S$200 cashback when you sign up by 30 June 2020.
UOB Delight Credit Card
Up to 8% rebate at Cold Storage, Market Place, Jasons, Giant and Guardian.
Up to 10% SMART$ rebate at over 300 participating outlets islandwide.
S$0 annual fee for 1 year - S$85.60 thereafter
S$30,000
DBS Woman's Card
Up to 5X DBS Points (or 10 miles) per S$5 spent on online purchases
S$200 Cashback when you apply now!
S$0 annual fee for 1 year - S$160.50 thereafter
S$30,000
Get AirPods or S$200 cashback when you sign up by 30 June 2020.
American Express True Cashback Card
Enjoy free travel insurance benefits of up to S$350,000
Earn 1.5% cashback on all eligible spending. no minimum spend or cap
S$0 annual fee for 1 year - S$171.20 thereafter
S$30,000
Apply today and get a 3% Cashback bonus when you spend S$5,000 in the first six months.
American Express Singapore Airlines KrisFlyer Credit Card
Enjoy money-saving offers on Hertz, Grab and at restaurants in Singapore and overseas
S$150 cashback for use at singaporeair.com when you spend a minimum of S$12,000 untill 30 June 2020
S$0 annual fee for 1 year - S$176.55 thereafter
S$30,000
Earn 8,000 bonus KrisFlyer miles when you spend S$5,000 in the first 3 months of card membership. Ends 30 April 2020.
Standard Chartered Manhattan $500 Card
N/A
Earn 0.25% cashback on everything you spend.
S$0 annual fee for 1 year - S$32.10 thereafter
S$18,000
Standard Chartered Prudential Visa Signature Card
Up to 10X rewards points on foreign spend, with no minimum spend required
Apply today via MyInfo and receive up to S$100 cashback. End 31 May 2020.
S$0 annual fee for 2 years - S$192.60 thereafter
S$30,000
American Express CapitaCard
Earn 3X STAR$ when you shop at participating CapitaLand malls, and more
Get a referral bonus of S$50 worth of CapitaVouchers when you refer a friend
S$0 annual fee for 1 year - S$171.20 thereafter
S$30,000
Add supplementary cardholders and get S$20 worth of CapitaVouchers for each approved member (up to two cardholders). Ends 30 April 2020.
Maybank Business Platinum Mastercard
Get your business logo printed on your card. Plus, enjoy a global concierge service
Get up to S$50 cash credits to offset your credit card payments
S$0 annual fee for 2 years - S$180 thereafter
N/A
Get up to S$1 million in Travel Accident Insurance when you purchase flights or travel packages using your card.
Maybank eVibes Card - The Student Card
Up to 8% off accommodation bookings globally with AGODA
1% cash rebate on all spend
S$0 annual fee for 2 years - S$20 thereafter
N/A
Get an Adidas wristwatch worth S$120 when you use your card in the first month. First 500 successful applicants only.
Maybank Platinum Visa Card
Get complimentary travel cover of up to S$500,000
Up to 3.33% cash rebates on local spending - up to a monthly limit of S$100
S$0 annual fee for 3 years - S$80 thereafter
S$30,000
Get an American Tourister Linex 66/24 Luggage TSA (worth S$260) when you charge to your card or withdraw from your CreditAble account at least S$300 in the first 2 months.
Maybank Family & Friends Credit Card
Earn up to 3X interest on your child's savings with Maybank Family Plus
Up to 8% cashback with minimum spend of S$800 per month
S$0 annual fee for 3 years - S$180 thereafter
S$30,000
Get an American Tourister Linex 66/24 Luggage TSA (worth S$260) when you charge to your card or withdraw from your CreditAble account at least S$300 in the first 2 months.
Maybank Manchester United Platinum Visa Card
Chance to win a trip for 2 to watch Manchester United FC every season
1.6% cash rebate on all spend locally. No minimum spend or cap
S$0 annual fee for 2 years - S$80 thereafter
S$30,000
Get American Tourister Linex 66/24 Luggage TSA (worth S$260) when you charge to your card or withdraw from your CreditAble account a minimum of S$300 in the first 2 months.
Maybank Visa Infinite Credit Card
Complimentary two-way airport limousine transfers. S$3,000 minimum spend per month
Earn up to 5X TREATS Points (2 air miles) on all spend
S$0 annual fee for 1 year - S$600 thereafter
S$150,000
Get an American Tourister Linex 66/24 Luggage TSA (worth S$260) when you charge to your card or withdraw from your CreditAble account at least S$300 in the first 2 months.
Maybank Horizon Visa Signature Card
Complimentary access to selected VIP airport lounges. Plus, travel cover of up to S$1,000,000. Ts&Cs apply
Earn up to 3.2 Air Miles (8X TREATS Points) per dollar spent in Singaporean restaurants, petrol stations and more
S$0 annual fee for 3 years - S$180 thereafter
S$30,000
Get an American Tourister Linex 66/24 Luggage TSA (worth S$260) when you charge to your card or withdraw from your CreditAble account at least S$300 in the first 2 months.
Maybank World Mastercard
A range of dining, shopping and travel deals - including up to S$1,000,000 of travel insurance
10X TREATS Points (4 air miles) on every S$1 spent at selected merchants
S$0 annual fee for 1 year - S$240 thereafter
S$80,000
Get an American Tourister Linex 66/24 Luggage TSA (worth S$260) when you charge to your card or withdraw from your CreditAble account at least S$300 in the first 2 months.
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No annual fee credit cards can also give you a variety of other benefits including balance transfers, rewards or frequent flyer points and other travel benefits. Use this guide to learn how no annual fee credit cards work and compare the features, benefits and costs so you can find a credit card to suit your needs.

What is a no annual fee credit card?

card-couple-250x250-shutterstockA no annual fee credit card doesn’t charge you for yearly account maintenance, which could save you anywhere from S$30 to S$700 or more per year. This type of credit card can be ideal if you want to keep your costs low or if you don’t use your card regularly and can’t justify paying high fees.

But credit cards with no annual fee for life can come with higher standard purchase rates than other options. So if you regularly carry a balance from month to month, a card with a low-interest rate might help you save more money than a no annual fee credit card. Some no annual fee credit cards also offer fewer additional features, so you may miss out on rewards or complimentary extras.

What types of no annual fee credit cards are available?

While some no annual fee credit cards are very basic, others offer a range of additional features and benefits. If you want to get access to other credit card features while paying a S$0 annual fee, you can use the sections below to compare credit cards that combine a S$0 annual fee with everything from 0% balance transfer offers to bonus rewards points and complimentary extras.

No annual fee frequent flyer credit cards

Frequent flyer credit cards give you a way to earn more points through your everyday spending but usually come with high annual fees – especially if there are other travel benefits on offer. But there is a selection of frequent flyer credit cards that offer no annual fee for the first year. Depending on the card and offers available, you can also get frequent flyer cards with a reduced or low annual fee in the first year, which helps you save on costs in the short-term. You could also consider the Maybank Horizon Visa Signature Card or HSBC Revolution Credit Card if you want a frequent flyer credit card with low minimum spend annual fee waiver.

Platinum no annual fee credit cards

Platinum credit cards offer more premium perks than regular ones, such as complimentary travel insurance, purchase insurance, S$0 overseas transaction fees, airport lounge access and concierge services. Depending on the card you choose, you could also get a higher rate of points per S$1 spent. Most platinum cards have annual fees that offset the value of these perks, so getting one that has a S$0 annual fee will help you get more from all the benefits on offer.

No annual fee credit cards with 0% purchase rates offers

Want to save on interest costs as well as annual fees? A card with no annual fee and an introductory 0% purchase rate gives you a way to make interest-free purchases during the promotional period. For example, you could get a S$0 annual fee card that offers 0% p.a. on purchases for the first 6 months. After the introductory period, the 0% interest rate reverts to a standard variable rate that will apply to any balance remaining from your purchases. So this type of offer is usually popular for people who have a lot of spending to do in a short amount of time, such as around the holiday season.

Reward credit cards with no annual fee

These cards have no annual fees and earn reward points for every S$1 spent. Depending on the card, you could also enjoy thousands of introductory bonus points when you meet specific spending requirements. For example, a card may give you 30,000 points if you spend S$3,000 in the first 3 months from when your application’s approved. This can help you get even more value from the card when you first get it.

Travel credit cards with no annual fees and no foreign transaction fees

While most credit cards charge between 2% and 3.5% for transactions made in a foreign currency, some travel credit cards waive this cost and also have no annual fee. Since you’re likely to only be using a travel credit card during your holiday, you could save on your costs by choosing one with a low or S$0 annual fee.

Interest-free credit card spending hack

Most credit cards offer a number of interest-free days on purchases when you pay your account balance in full by the due date on your statement. This gives you a way to make interest-free purchases on an ongoing basis.

What should I consider before applying for a no annual fee credit card?

If you’re interested in getting a no annual fee credit card now, ask yourself these questions to help compare your options:

  • NAFcard-questions250x250-shutterstockHow often do you use your credit card? If you rarely use a credit card but still want one for unplanned expenses or emergencies, a no annual fee option will give you the features that you need without burning a hole in your pocket while you’re not using it.
  • Do you carry a balance? The higher interest rates typical of no annual fee credit cards can make them expensive if you carry a balance. If that’s the case, you might want to consider a low-interest credit card instead.
  • What credit card benefits do you want? No annual fee credit cards sometimes have fewer perks than other options. If you’re interested in features such as rewards programs and complimentary insurance, make sure you look at a range of cards and consider these factors as well as the annual fee so that you can find an option that suits all of your needs.
  • Will you use the credit card after the S$0 annual fee promotion ends? If the card comes with no annual fee for a promotional period, consider whether you want to use the card once the introductory period ends. If the card doesn’t have a competitive interest rate or extra features to outweigh the annual fee cost, you might want to cancel the card before the annual fee applies. If you’d prefer to skip that hassle altogether, compare cards with a low or S$0 annual fee for life.
  • What other fees and charges will you pay? While a S$0 annual fee can help you save on costs, it doesn’t mean you’ll be getting a free credit card. As well as interest rates, make sure you check for other costs that could apply, such as foreign transaction fees, late payment fees and cash advance costs. This will help you find a card that’s affordable based on how and when you plan to use it.

Benefits and drawbacks of S$0 annual fee credit cards

Benefits

  • Save money on your credit card. The most obvious perk of these cards is that you won’t pay an annual fee. This could save you tens, hundreds or thousands of dollars over the life of the card.
  • Practical. Without the extra perks and additional benefits, no annual fee credit cards can be ideal for emergencies and when extra credit is required.
  • Promotional offers and deals. Some no annual fee credit cards come with promotional offers, frequent flyer programs and other perks that you’d regularly have to pay a yearly fee to access.

Drawbacks

  • Higher interest rates. Credit card companies may charge higher ongoing interest rates on no annual fee credit cards. This could add to your costs if you regularly carry a balance from month to month.
  • Fewer extra features. While some no annual fee cards do come with frequent flyer programs and other benefits, they usually have fewer features than cards with a higher annual fee.
  • Temporary S$0 annual fee. Unfortunately, not all of these cards offer no annual fee for the life of the card. If your card only has a S$0 annual fee for a promotional period, make sure you know when the standard annual fee will apply and how much it is to avoid any surprise costs.

As there are many types of S$0 annual fee cards on the market, it’s important to consider your financial situation and how you intend to use the card. Make sure to consider not only the conditions of the annual fee, but also the other features, benefits and costs of the card before you apply for a credit card with no annual fee.

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Answers to the most popular questions about no annual fee credit cards

  • Q: If I have a credit card with a promotional annual fee offer, can I cancel the card before having to pay the annual fee?
    A: This is possible as long as you don’t have a balance on the card and cancel it before the annual fee is applied. Contact your provider to confirm exactly when the annual fee is charged, so you don’t accidentally pay it before cancelling the card.
  • Q: When do you normally pay the annual fee on a credit card?
    A: The annual fee is usually charged upon account activation, with payment required by the due date on your first statement or first credit card bill. You can repay your annual fee in full or over time by making a payment to your credit card account.
  • Q: When will the annual fee be charged if I get a credit card that offers no annual fee in the first year?
    A: If you have a card with a promotional no annual fee offer, the fee will usually apply 12 months after you were approved for the card. If you don’t want to pay this fee when the offer ends, confirm with your bank when the annual fee will be charged and cancel your card before that time.
  • Q: Is there any way to extend my annual fee waiver?
    A: Some banks package mortgage deals to include fee waivers on your other accounts, including credit cards. For instance, some institutions waive fees for their credit cards when you also take out a home loan package with them. Contact your credit card provider to find out if this option is available, or if there are any other ways you can continue to pay no annual fee.
  • Q: Is a no annual fee credit card free?
    A: Technically, there is no such thing as a “free credit card” because there is always the potential cost of interest if you carry a balance, as well as other fees that may apply for certain transactions (such as cash advances or purchases made overseas). But if you have a no annual fee card and pay off your account balance in full by the due date on each statement, you can get an interest-free period for your purchases that could allow you to use the card without paying any fees or charges.
  • Q: I want a no annual fee credit card for travel. What other features should I consider?
    A: To keep your travel costs down, you may want to consider a credit card with no annual fee and no overseas transaction fees or a card that offers complimentary travel insurance. Also, make sure that the card you’re using is accepted wherever you’re travelling and that it isn’t restricted by economic sanctions.
  • Q: Is there a business credit card with no annual fee?
    A: Business credit cards can offer no annual fee promotions, but most of them charge high annual fees as they come with a lot of extra features. Compare business credit cards here.

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