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Rewards Credit Cards

Earn points as you spend and redeem them for travel, gift cards, shopping and more with a rewards credit card.

Sally McMullen
Sally McMullen

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HSBC Advance Credit Card

HSBC Advance Credit Card

Receive S$150 cash back or a Samsonite T5 Spinner luggage

Offer ends 31 March 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 Rewards Credit Cards

Name Product Welcome Offer Reward Annual Fee
HSBC Advance Credit Card
HSBC Advance Credit Card
Samsonite T5 68cm Spinner Luggage with built-in scale (worth S$560) 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 31 March 2020.
Enjoy annual fee waivers, up to 16% off your fuel, 1-for1 lifestyle offers, and more
S$0 annual fee for 1 year (permanently waived for HSBC Advance banking customers) - S$192.60 thereafter
Get free Samsonite T5 68cm Spinner luggage worth S$560. Simply make S$800 in qualifying transactions in the first month of your account. Ends 31 March 2020.
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Standard Chartered Unlimited Cashback Credit Card
Standard Chartered Unlimited Cashback Credit Card
Get S$80 cashback with activation of card within 30 days upon approval. T&Cs apply. Ends 31 March 2020.
Shopping, travel and lifestyle offers at over 3,000 outlets in Asia
S$0 annual fee for 2 years - S$192.60 thereafter
Apply today via MyInfo and receive up to S$100 cashback. End 31 May 2020.
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HSBC Visa Platinum Credit Card
HSBC Visa Platinum Credit Card
Samsonite T5 68cm Spinner Luggage with built-in scale (worth S$560) 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 31 March 2020.
Earn 1 Reward point for every $1 on all spend.
S$0 annual fee for 2 years - S$192.60 thereafter
Get free Samsonite T5 68cm Spinner luggage worth S$560. Simply make S$800 in qualifying transactions in the first month of your account. Or choose $150 cashback. Ends 31 March 2020.
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Citi Cash Back Card
Citi Cash Back Card
S$120 cash back when you apply & spend S$1,200 in the first 3 months upon card approval. Terms and conditions apply. Ends 31 January 2021.
Get up to 20.88% off fuel. Plus, travel offers in 95 countries
S$0 annual fee for 1 year - S$192.60 thereafter
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.
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Standard Chartered Rewards+ Credit Card
Standard Chartered Rewards+ Credit Card
Get S$80 cashback with activation of card within 30 days upon approval. Existing cardholders will receive S$20. Ends 31 March 2020.
Up to 10X rewards points for every S$1 spent in foreign currency on
overseas retail, dining and travel
S$0 annual fee for 2 years - S$192.60 thereafter
Apply today and enjoy a range of perks including 1-for-1 movie tickets with Cathay Cineplexes. Plus, complimentary travel medical insurance.
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HSBC Revolution Credit Card
HSBC Revolution Credit Card
Samsonite T5 68cm Spinner 55cm Luggage with built-in scale (worth S$560) 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&C's apply. Ends 31 March 2020.
Up to 5X Rewards points (2 miles per S$1 spent) on qualifying purchases
S$0 annual fee for 2 years - S$160.50 thereafter
Get free Samsonite T5 68cm Spinner luggage worth S$560. Simply make S$800 in qualifying transactions in the first month of your account. Or choose $150 cashback. Ends 31 March 2020.
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Citibank SMRT Card
Citibank SMRT Card
S$120 savings when you apply & spend S$1,200 in the first 3 months upon card approval. Terms and conditions apply. Ends 31 January 2021.
Up to 5% savings on groceries, fast food, movies, and coffee. Plus, 3% savings on online shopping
S$0 annual fee for 2 years - S$192.60 thereafter
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.
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Citi Rewards Credit Card
Citi Rewards Credit Card
Get up to 30,000 Citi ThankYou Points with minimum spend of S$3,000 in the first three months. Ends 31 March 2020.
10X Rewards on certain shopping spend, including online purchases
S$0 annual fee for 1 year - S$192.60 thereafter
Get 30,000 Citi Thank You points when you spend S$3,000 in the first 3 months. T&Cs apply. Ends 31 March 2020.
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Standard Chartered NUS Alumni Platinum Credit Card
Standard Chartered NUS Alumni Platinum Credit Card
Get S$80 cashback with activation of card within 30 day upon approval. Existing cardholders will receive S$20. Ends 31 March 2020.
Earn 1 Rewards point for every S$1 charged to your card
S$0 annual fee for 2 years - S$192.60 thereafter
Apply today via MyInfo and receive up to S$100 cashback. End 31 May 2020.
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Citi PremierMiles Visa Card
Citi PremierMiles Visa Card
All new cardholders can earn up to 37,300 Citi Miles as a welcome bonus. When you charge at least S$9,000 within the first three months from the card approval, you’ll receive at least 10,800 Citi Miles (based on 1.2 miles per S$1 spent locally) and an additional 26,500 Citi Miles if you meet the qualifying spend and after payment of the annual fee. Alternatively, you can opt for a first-year annual fee waiver and earn 10,000 Citi Miles when you spend a minimum of S$3,000 within the first three months. Terms and conditions apply and offers are subject to change from time to time at the bank’s discretion. Ends 31 March 2020.
Deals and discounts in 95 countries. Plus, 10% off on hotel bookings with Expedia
S$0 annual fee for 1 year - S$192.60 thereafter
Get 37,300 miles when you spend S$9,000 in the first 3 months. Annual fee applies. Ends 31 March 2020.
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Standard Chartered Spree Credit Card
Standard Chartered Spree Credit Card
Get S$80 cashback with activation of card within 30 days upon approval. Existing cardholders will receive S$20. Ends 31 March 2020.
Up to 20% savings on your fuel
S$0 annual fee for 2 years - S$192.60 thereafter
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.
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Citi Prestige Card
Citi Prestige Card
Receive a Welcome Gift of 62,500 ThankYouSM Points (25,000 Miles) or Gadget Welcome Gift.Ends 31 March 2020..
Deals and discounts in more than 90 countries. Also, get six complimentary golf games across Asia
S$535 annual fee
Get a welcome gift of 62,500 Citi ThankYou Points (25,000 Miles) or Gadget Welcome Gift. T&Cs apply. Ends 31 March 2020.
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What's in this guide?

How do credit card rewards programs work?

Rewards credit cards usually earn you points for every S$1 spent on eligible transactions. When you have earned enough points, you can redeem them for rewards such as travel, flight upgrades, gift cards, cash back and merchandise.

Most rewards credit cards also have higher standard interest rates and annual fees than other options, because it costs lenders money to offer a rewards program. This makes it important to compare the potential costs against the value of a rewards card so you can decide if the benefits are worth it.

What rewards do credit cards offer?

The rewards you can get with a credit card depend on the card you choose and the rewards program. Some of the most popular reward categories include:

  • Flights
  • Flight upgrades
  • Accommodation
  • Gift cards
  • Cashback
  • Fuel vouchers
  • Instant shopping discounts
  • Fashion items
  • Electronics
  • Tickets to concerts and other events

How can I use my credit card rewards?

The steps required to use your points to redeem rewards varies depending on the credit card and the rewards program. But there are a few key factors to remember:

  • Account login. You must log in to your credit card account or rewards program account to make redemptions. Once you’re logged in, it’s usually a simple process of going to the “Rewards” section, then selecting “Use points” and following the prompts.
  • Required points. Every reward option available for redemption has a specific point value (e.g. 12,000 points for a S$50 gift card). This means you need to have at least this amount of points in your account to redeem your chosen reward.
  • Points-plus-pay. Some programs allow you to use a combination of points and money to redeem your chosen rewards. This gives you more flexibility if you haven’t earned enough points when you want to make redemptions.

Types of credit card rewards programs in Singapore

There are a variety of different rewards credit cards you can compare and choose based on the benefits you want.

Frequent flyer programs are traditionally designed to earn you points and other benefits when you travel with a particular airline, such as Singapore Airlines. There are two main ways you can earn frequent flyer points with a rewards credit card in Singapore:

  1. Direct earn frequent flyer credit cards. These cards are linked with a specific frequent flyer program and rewards are added directly to your airline loyalty account. The frequent flyer programs that are linked to direct earn credit cards in Singapore such as the Krisflyer Rewards Credit Card linked to the Singapore Airlines and Air Asia.
  2. Indirect earn frequent flyer credit cards. These rewards credit cards let you transfer the points you earn to many different frequent flyer programs from all around the world, giving you more flexibility if you fly with a range of airlines. Credit card reward programs that indirectly earn frequent flyer points include American Express Membership Rewards, Citi Rewards, DBS Rewards, UOB Miles Card and many more.

Many credit card companies in Singapore have their own branded rewards programs for customers. These options allow you to redeem points for a variety of rewards, including frequent flyer points travel, merchandise, gift cards and credit on your account. Some credit cards with their own rewards programs are:

Many of these rewards programs also offer auto-redemption for specific rewards, such as cashback, gift cards or frequent flyer points. For example DBS has rewards program in conjunction with Singapore Airlines and Air Asia with DBS Rewards KrisFlyer Frequent Flyer Program,

These types of rewards cards add credit or “cash” to your account when you meet certain spending requirements. Most cashback credit cards offer a percentage of your total spends as cashback, or provide a one-time cashback sum as an introductory offer when you apply and are approved for a specific credit card.

You can also get cash back through most of the frequent flyer, credit card and supermarket or retail rewards programs outlined above. Just choose the “cash” or “gift cards” category of your rewards program to see what options are available.

How to compare reward credit cards in Singapore

Comparing credit cards helps you find the features that suit your lifestyle while also keeping costs affordable. Below, you’ll find a checklist of things to consider when you are comparing reward credit cards.

    Will a rewards credit card work for me?

    The value of a rewards credit card depends as much on the cardholder as the actual card you choose. So rather than making a definitive statement about whether or not reward credit cards are valuable, let’s take a look at the key factors that make them likely or unlikely to work for you.

    A reward credit card could be worth it if you:

    • Pay off your credit card balance in full every month
    • Currently use a credit card on a regular basis
    • Have a clear idea of the type of points you want to earn
    • Are part of an existing reward program that could be complemented by a credit card (i.e. a frequent flyer program or shopping reward program)
    • Earn enough to pay a higher annual fee
    • Can regularly make use of the rewards or complimentary extras on the card, such as insurance

    A reward credit card might not be right if you:

    • Have a lot of credit card debt
    • Often carry a balance on your credit card
    • Rarely use a credit card
    • Won’t be able to regularly use complimentary extras on the card
    • Can’t afford a higher annual fee
    • Are tempted to overspend in order to earn rewards

    It’s worth noting that there are some exceptions to the guidelines above. If you can’t afford a high annual fee, for example, you might still get a lot of value out of a reward credit card with no annual fee. On the other hand, if you regularly use a credit card but also have a lot of debt, it might be better to switch to a balance transfer or low interest rate credit card so that you get value out of paying less interest.

    While rewards credit cards can be a useful way to get something back for your purchases, it’s important to remember that you have to repay everything (plus interest). There are also annual fees and other costs to consider. But by factoring in both benefits and costs when you compare reward credit cards, you can find an option that suits your needs.

    Compare rewards cards and apply securely

    Frequently asked questions

    Want to know more about rewards credit cards? Below, you’ll find answers to the most common questions we get about them. You can also leave your own question by filling out the form below.

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