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Here at EnjoyCompare we have complied a list of most of the cashback credit cards in Singapore to help you make an informed comparison of the best credit cards. With Welcome cashback offers and introduction rates, its important to make the right choice to increase your rebate potential.
We all know that credit cards are a flexible and convenient form of payment in Singapore. Plus they also offer a relatively quick and easy access to credit. Whether you are shopping at Orchard Road or buying gifts online, paying for your next holiday, or even picking up the weekly groceries from your local supermarket, a credit card can come in handy. How do you pick the right cashback card in Singapore? There are a number of different card deals on offer, from multiple banking providers in Singapore, but if you regularly pay for goods and services with your credit card, a cashback card could be a good choice.
A cashback card – as its name suggests – gives you cash back every time you spend on the card. It’s like a reward for using the credit card in Singapore or abroad. The cashback is usually credited to your monthly statement, but some issuers send a cheque.
The more you spend on your credit card the more cashback you earn. But some cards also offer different cashback rates for different types of spending. For example, you might earn 1% cashback if you use your card in a supermarket and 3% for spending at a petrol station.
You might also earn a different rate depending on how much you spend. For example, the cashback rate might be 1% on spending up to s$3,000, but 1.5% if you spend more. Some cards only offer cashback if you spend at a certain store and many pay a high introductory cashback rate for a limited period. For instance, you might earn 5% cashback for the first three months, but a standard rate of 3% or 1%.
Its also important to note that some cashback cards come with a limited or cap on the amount of cashback you can earn and as such its important to choose the right card with the right limit to ensure you get the most from your card.
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