Best Credit Cards in Singapore May 2025

Updated: 28 May 2025

Choosing the right credit card is a crucial financial decision. With so many options available, finding the perfect card that aligns with your spending habits and financial goals can be overwhelming. SingSaver simplifies this process by providing comprehensive comparison tools and in-depth reviews of the best credit cards in Singapore. Our team of experts meticulously evaluates various credit card offers, considering factors like rewards programmes, interest rates, fees, and perks, to help you make informed decisions and find the best credit card deals Singapore has to offer.
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HSBC Live+ Credit Card
HSBC Live+ Credit Card
S$799
S$589
8% cashback + dining
Cashback Chaser
Citi PremierMiles Card
Citi PremierMiles Card
S$749
S$589
2.2 mpd (FCY), 1.2 mpd (Local)
Miles Maximiser
HSBC Revolution Credit Card
HSBC Revolution Credit Card
S$799
S$589
4 mpd / 2.5% cashback
Online Shopper
Citi Rewards Card
Citi Rewards Card
S$749
S$589
4 mpd (10X points)
Online Shopper
Standard Chartered Simply Cash Credit Card
Standard Chartered Simply Cash Credit Card
S$769
S$350
Up to 2% unlimited cashback
Cashback Enthusiast
Citi Cash Back+ Card
Citi Cash Back+ Card
S$749
S$589
1.6% cashback
Fuss-free cashback
OCBC 365 Credit Card
OCBC 365 Credit Card
S$199
S$150
6% on fuel
Everyday Spender
HSBC TravelOne Credit Card
HSBC TravelOne Credit Card
S$799
S$589
2.4 mpd (FCY), 1.2 miles (local) + lounge
Jetsetter

Show All Cards (16)

American Express Platinum Card
UOB One Card
CIMB World Mastercard
Standard Chartered Journey Credit Card (Annual Fee Paying)
OCBC INFINITY Cashback Credit Card
Citi Prestige Card
OCBC Rewards Credit Card
POSB Everyday Card

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Apply for select HSBC Credit cards via SingSaver and get sign-up rewards including Dyson Airstrait™ straightener worth S$799 !

Apply by Jun 01, 2025 to claim your reward:

gift logo

Worth S$799

gift logo

Worth S$499

gift logo

Worth S$370

gift logo

Worth S$749

gift logo

Worth S$769

Participating Cards:

HSBC Live+ Credit Card
HSBC Live+ Credit Card
For Cashback Chasers
HSBC Advance Credit Card
HSBC Advance Credit Card
For All-Around Cashback

How to Qualify?

  • Apply for eligible HSBC Credit Cards through SingSaver by 1 June 2025
  • Submit the SingSaver Reward Redemption form
  • Activate your card and spend a minimum of S$800 S$500 by the end of the following month from card approval date to be eligible for reward
  • Promotion is valid for new HSBC credit cardmembers only
  • Promotion does not stack with other welcome offers from HSBC
  • Terms and Conditions apply

HSBC Live+ Credit Card: Best for families who love dining, shopping, and leisure

Cashback
5 - 8%
Cashback (Baseline)
0.3 %
Monthly Spend Required
S$600 - S$1000
Bonus Cap
S$ 250 / quarter

SingSaver Reward up to S$799- with others only S$589

Pros & Cons

Citi PremierMiles Card: Best for unlimited miles with broad airline transfer options

Airmiles (Local)
1.2 miles / dollar
Airmiles (Overseas)
2.2 miles / dollar
Airmiles (Travel)
Up to 10 miles / dollar
Free Lounge Access
2 visits per year*

SingSaver Reward up to S$749- with others only S$589

Pros & Cons

HSBC Revolution Credit Card: Best for rewards on online shopping and dining

Points (Shopping)
10 point / dollar
Points (Baseline)
1 point / dollar
Airmiles (Shopping)
4 miles / dollar
Bonus Cap
9,000 bonus points

SingSaver Reward up to S$799- with others only S$589

Pros & Cons

Citi Rewards Card: Best for rewards on entertainment and shopping

Rewards Points (Shopping)
Up to 10 points / dollar
Rewards Points (Baseline)
1 point / dollar
Airmiles (Shopping)
Up to 4 miles / dollar
Bonus Cap
9,000 ThankYou Points / month

SingSaver Reward up to S$749- with others only S$589

Pros & Cons

Standard Chartered Simply Cash Credit Card: Best for no-fuss unlimited cashback on all spend

Cashback
Up to 2 %
Cashback Cap
No cap
Monthly Spend Required
None
Annual Fee Waiver
1 year

SingSaver Reward up to S$739- with others only S$350

Pros & Cons

Citi Cash Back+ Card: Best for fuss-free cashback

Cashback
1.6 %
Cashback Cap
No cap
Monthly Spend Required
None

SingSaver Reward up to S$749- with others only S$589

Pros & Cons

OCBC 365 Credit Card: Best for cashback on dining, groceries, and recurring bills

Cashback (Petrol)
6 %
Cashback (Dining)
5 %
Cashback (Baseline)
0.25 %
Monthly Spend Required
S$ 800

SingSaver Reward up to S$199- with others only S$150

Pros & Cons

HSBC TravelOne Credit Card: Best for earning miles on travel and overseas spend

Airmiles (Local)
1.2 miles / dollar
Airmiles (Overseas)
2.4 miles / dollar
Free Lounge Access
4 visits per year*

SingSaver Reward up to S$799- with others only S$589

Pros & Cons

American Express Platinum Card: Best for premium travel benefits and elite lifestyle perks

Rewards Points (Dining)
Up to 20 points / dollar
Rewards Points (Baseline)
2 points / dollar
Free Lounge Access
Unlimited
Rewards Points (SIA Booking)
5 points / dollar

Pros & Cons

UOB One Card: Best for high cashback on everyday purchases

Cashback (Bonus)
Up to 10 %
Cashback (Baseline)
Up to 3.33 %
Monthly Spend Required
Tiered S$ 500 +
Bonus Cap
S$ 200 / quarter

Pros & Cons

CIMB World Mastercard: Best for frequent spending on common spend categories

Cashback (Bonus)
2 %
Cashback (Baseline)
1 %
Cashback Cap
No cap
Monthly Spend Required
S$ 1,000

SingSaver Reward up to S$238- with others only S$50

Pros & Cons

Standard Chartered Journey Credit Card (Annual Fee Paying): Best for earning miles on both local and overseas spend

Airmiles (Transport)
3 miles / dollar
Airmiles (Local)
1.2 miles / dollar
Airmiles (overseas)
2 miles / dollar
Free lounge Access
2 visits per year*

SingSaver Reward up to S$600- with others only S$180

Pros & Cons

OCBC INFINITY Cashback Credit Card: Best for unlimited cashback on all spend with no restrictions

Cashback (Baseline)
1.6 %
Cashback Cap
No cap
Monthly Spend Required
None
Annual Fee Waiver
1 year

SingSaver Reward up to S$299- with others only S$150

Pros & Cons

Citi Prestige Card: Best for luxury travel - lounge access, limousine rides & free hotel nights

Airmiles (Local)
1.3 miles / dollar
Airmiles (Overseas)
2 miles / dollar
Free Lounge Access
Unlimited Priority Pass visits
Annual Fee
S$ 545

SingSaver Reward up to S$749

Pros & Cons

OCBC Rewards Credit Card: Best for high points for shopping

Rewards Points (Online Shopping)
15 OCBC$ / dollar
Rewards Points (Contactless Spend)
10 OCBC$ / dollar
Rewards Points (Baseline)
1 OCBC$ / dollar
Rewards Points Bonus Cap
10,000 OCBC$

SingSaver Reward up to S$199- with others only S$150

Pros & Cons

POSB Everyday Card: Best for cashback on essential daily expenses

Cashback (Food Delivery)
Up to 10 %
Cashback (Groceries)
5 %
Cashback (Petrol)
Up to 20.1 %
Cashback (Baseline)
0.3 %

Pros & Cons

Guide to credit cards for beginners

Credit cards in Singapore work on a simple principle: you're borrowing money to pay for something now, with the agreement to repay it later. This borrowed amount, along with any applicable interest and fees, is reflected on your monthly statement. Choosing the right card is crucial because different cards cater to different needs and spending habits. Whether you're looking to earn rewards, save on interest, or build your credit, selecting a card that aligns with your financial goals can make a significant difference in your financial well-being.

How credit cards work in Singapore

Here's a breakdown of the typical credit card transaction process:

1. Card Usage

You use your credit card to make purchases at merchants.

2. Authorisation

The merchant requests authorisation from your credit card issuer.

3. Payment Processing

The issuer pays the merchant, and the transaction is recorded.

4. Repayment

You receive a statement and repay the amount due, either in full or in instalments.

>> READ MORE: How does a credit card work? 

Understanding credit card rewards

Credit card rewards come in various forms, offering different ways to earn and redeem benefits based on your spending habits.

Cash back

Earn a percentage of your spending back as cash, typically redeemable as a statement credit or direct deposit.

Points or miles

Accumulate points or miles redeemable for travel, gifts, or other rewards, offering flexibility for various redemption options.

Flat rate

Earn the same rewards rate on all purchases, providing a consistent return on every dollar spent.

Bonus rewards

Earn higher rewards rates in specific spending categories, allowing you to maximise earnings by strategically using your card.

>> READ MORE: Cashback or rewards credit cards: Which is better?

Types of credit cards in Singapore

Singapore's credit card market offers a variety of cards designed to meet diverse needs. If you're a frequent spender who pays off your balance regularly, rewards cards with cashback or miles can be beneficial. For those who occasionally carry a balance, interest-saving cards with low APRs can help manage costs. And if you're new to credit or rebuilding your credit history, credit-building cards provide a starting point. Each type of credit card caters to specific financial situations, so understanding your needs is crucial in making the right choice.

Rewards credit cards

These cards reward you for your spending, offering cashback, miles, or points that can be redeemed for various benefits. If you're a frequent spender who pays off your balance in full and on time each month, rewards cards can provide significant value. Explore different types of rewards credit cards based on your preferences:

Interest-saving credit cards

These cards offer low interest rates or 0% introductory periods on purchases and balance transfers, making them ideal for managing debt or financing large purchases. If you tend to carry a balance or need to consolidate high-interest debt, interest-saving cards can help you save on interest charges. Consider these options:

Credit-building credit cards

These cards are designed for individuals with limited or no credit history, helping them establish or rebuild their credit score. Responsible use of a credit-building card, including on-time payments and low credit utilisation, can pave the way for accessing more rewarding credit cards in the future. Look for options like:

  • Secured credit cards: Require a security deposit that typically matches your credit limit, minimising risk for the issuer.

  • Credit cards for no credit score: Help those with no credit history build credit and access other financial products.

  • Student credit cards: Designed for students with limited credit history, offering lower credit limits and easier approval requirements.

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How to find the perfect credit card for you in 2025

Finding the best credit card in Singapore requires careful consideration of your individual needs and financial situation. Use our credit card comparison tools to help you compare credit cards Singapore has to offer.

1. Check your credit score

Know your creditworthiness. In Singapore, your credit score is crucial for credit card applications. Obtain your credit report from the Credit Bureau Singapore (CBS) to understand your standing and improve your chances of approval for the best offers.

2. Choose a card type

Align your choice with your financial behaviour. If you're a high-spender who pays in full each month, explore rewards cards. If you carry a balance, prioritise interest-saving cards. For those new to credit, opt for credit-building cards.

3. Compare options

Use SingSaver's comparison tools to evaluate cards based on your needs. Compare interest rates, fees, rewards, and perks to find the ideal card for your spending habits and financial goals.

4. Apply

Select the card that best suits your requirements and apply securely online through SingSaver. Ensure you meet the eligibility criteria and have the necessary documents ready for a quick and easy application process.

Factors to consider when comparing credit cards

Each credit card comes with its own set of features and benefits, catering to different needs and priorities. Understanding these features and how they align with your spending habits is crucial in finding the right card for you. While some cards offer attractive rewards, they might come with higher interest rates or annual fees. Others may prioritise low interest rates but offer limited perks. Finding the perfect balance depends on your individual requirements and financial goals. 

Here are the key factors to consider when comparing credit cards:

Annual fees

While some credit cards come with annual fees, others are free. Weigh the cost of the annual fee against the benefits offered by the card, such as rewards, perks, or introductory offers. If the value you gain from the card outweighs the fee, it might be worth considering. However, if you prefer to avoid annual fees altogether, there are plenty of no-annual-fee credit cards available in Singapore that still offer competitive features.

Other fees to consider:

  • Foreign transaction fees: If you travel frequently or make international purchases, be mindful of foreign transaction fees, which can add up quickly.

  • Balance transfer fees: If you plan to transfer a balance from another credit card, compare balance transfer fees and introductory APR periods to find the most cost-effective option.

  • Cash advance fees: Cash advances typically come with high fees and interest rates, so it's best to avoid them unless necessary.

  • Late payment fees: Always pay your credit card bills on time to avoid late payment fees, which can be substantial.

Introductory interest rates

Many credit cards in Singapore offer attractive introductory interest rates on purchases and balance transfers for a limited time. Take advantage of these offers to save on interest charges, especially if you plan to make a large purchase or transfer a balance from a high-interest card. However, remember that these rates are usually temporary, so factor in the ongoing interest rate after the introductory period expires.

Ongoing interest rate

The ongoing interest rate, or APR, is the rate you'll be charged on outstanding balances after any introductory period ends. This rate can vary depending on the card and your creditworthiness. If you tend to carry a balance, look for cards with lower ongoing APRs to minimise interest charges. However, if you consistently pay your balance in full and on time, the ongoing interest rate becomes less of a concern.

Rewards

Credit card rewards programmes allow you to earn cashback, points, or miles on your spending. Evaluate the earn rate, redemption value, and redemption options of different rewards programmes to find one that aligns with your spending habits and preferences. Consider whether you prefer cashback, travel rewards, or other benefits like shopping vouchers or discounts.

Sign-up bonus

Many credit cards offer attractive sign-up bonuses to entice new cardholders. These bonuses can come in cashback, points, miles, or vouchers. Factor in the sign-up bonus when comparing cards, especially if you can easily meet the spending requirements to earn it. However, don't let the sign-up bonus be the sole deciding factor, as the card's long-term value and suitability to your needs are equally important.

Perks

Think of perks as the extra benefits you receive simply for holding a particular credit card. These can significantly enhance your overall experience and provide added value beyond the rewards you earn. Travel-focused cards often offer perks like airport lounge access, travel insurance, and priority boarding. Premium cards may include benefits like concierge services and exclusive event access. Here are some common perks to look out for:

  • Travel benefits: Airport lounge access, complimentary travel insurance, priority boarding, and free checked bags.

  • Lifestyle benefits: Exclusive discounts at partner merchants, concierge services, and access to events.

  • Shopping benefits: Purchase protection, extended warranties, and price protection policies.

  • Security benefits: Free credit monitoring, fraud protection, and the ability to lock your card instantly if it's lost or stolen.

Credit-building help

If you're new to credit or working to improve your credit score, consider these factors when choosing a card:

  • Reporting to credit bureaus: Ensure the card reports your payment activity to all three credit bureaus in Singapore (CBS, Experian, and TransUnion) to build a positive credit history.

  • Secured card options: If you have limited or no credit history, a secured credit card that requires a security deposit can be a good starting point.

  • Credit limit increases: Look for cards that offer opportunities to increase your credit limit over time as you demonstrate responsible credit usage.

  • Educational resources: Some cards provide access to educational resources and tools to help you learn about credit management and improve your financial literacy.

How many credit cards do you need?

The ideal number of credit cards varies from person to person. It depends on your needs and how well you manage your finances.

  • No set limit: You can have multiple credit cards as long as you manage them responsibly. Each lender evaluates your creditworthiness individually.

  • One card is sufficient: You don't need multiple cards for a good credit score. One card used responsibly can build a positive credit history.

Pros of holding multiple credit cards

Maximising rewards

Different cards offer various rewards programmes, such as cashback, air miles, or points, often with bonus rewards for specific spending categories like groceries, petrol, and restaurants. By strategically using different cards, you can optimise your rewards earnings and enjoy greater benefits.

Increased flexibility

Multiple cards provide backup options if one card is lost, stolen, or declined. They also offer greater flexibility when travelling or making purchases from merchants with specific card acceptance networks.

Improved credit utilisation

Spreading your spending across multiple cards can help lower your overall credit utilisation ratio, which is the percentage of available credit you're using. A lower credit utilisation ratio can positively impact your credit score.

Cons of holding multiple credit cards

Difficulty tracking spending

Managing multiple cards can make it challenging to track your overall spending and stay within budget. This can lead to overspending and accumulating debt.

Risk of missed payments

Juggling multiple credit card accounts with different due dates increases the risk of missing payments, which can result in late payment fees and negatively affect your credit score.

Methodology

Frequently asked questions about best credit cards

    What’s the best credit card?

    What’s the easiest credit card to get?

    What’s the best credit card company?