5 Awesome Cashback Cards to Sign Up Now – Earn 5% to 17.5% Rebates + Welcome Rewards

Here are 5 excellent cashback cards that not only give you great earn rates, you can also get good welcome offers to go along with the cashback and rebates you can earn. Miles lovers should probably read through the list too – many of these cards can make more sense than the miles cards you love. Stay subscribed also to a list of excellent miles cards to use. Update: here are great miles cards to look at


Replying to @Darren Lim 5 great cashback cards to get (stay tuned for good miles cards!)

♬ original sound – Sethisfy Personal Finance – Sethisfy Personal Finance

American Express True Cashback: 1.5% (upsized to 3%) for everything except Grab top-ups

Min. spend: N/A
Max. spend: N/A (first S$5,000 for 3% rate)

While 1.5% isn’t a good earn rate at all, Amex True Cashback has the unique ability to gain rewards on just about anything as long as you are able to find something that allows you to pay with an American Express card. This means anything from school fees and utilities to insurance and road tax which are commonly excluded by other credit cards. The only exclusion here is Grab top-ups – you have to count on UOB Absolute’s paltry 0.3% cashback for that.

Amex acceptance is not as widely found as that of Visa or Mastercard, but it is still common enough that everyone – whether you are a miles or cashback person – should have in their card library just in case.

Your first S$5,000 of spend in the first 6 months gets an upsized 3% earn rate! Check out the welcome promo too:

American Express True Cashback

New to Amex Basic Cards

New cardholder of Amex True CashbackBoosted 3% cashback on all eligible spend (except Grab-top) up to S$5,000 for the first 6 months
Fill up SingSaver Rewards Redemption Form and spend S$500 on eligible transactions within first 30 days from card approvalS$150 cash
⚠️ No form = no reward

Tap here for terms and conditions (save a copy for future reference)

Last date to apply: 30th June 2024

1.5% cashback on transactions except Grab top-ups

Citi SMRT: 5% for online spend with no monthly cap!

Min. spend: S$500 per month
Max. spend: S$12,000 per year

Citi SMRT is one of the rare few cards giving decent rewards yet doesn’t have a monthly cap to its earn rate. Instead, its 5% cashback rate is capped at S$600 a year which means you can spend as much as S$12,000 on it at one go to get full 5% cashback on that.

Cashback cards often come with relatively low monthly caps, so this is one of the rare ones that don’t have one. In fact, there isn’t a miles card giving 4 miles per dollar or more without a monthly cap.

There is a minimum monthly spend of S$500 for the 5% rate to be given, which shouldn’t be an issue if you are using this for big expenses.


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One of the few high-earn cards with no monthly cap! Gives 5% cashback on online transactions. Read the review here.

UOB EVOL: roughly 6.7% cashback for mobile contactless and online spending

Update: not so awesome soon – UOB has announced nerfs to the UOB EVOL card

Min. spend: S$600 per month
Max. spend: S$600 per month

The UOB EVOL is currently my primary card because of its relatively high earn rate and easy-to-use nature. It gives his high earn rate on 2 things: mobile contactless payment (paying with the card using your smartphone) and online transactions.

One of the cons is that you need to split roughly half of the S$600 minimum monthly spend between both contactless payments and online ones. This is due to the S$20 limit imposed on each category, which means that spending all S$600 on contactless payment results in just S$20 of cashback which is only 3.33% in cashback.

Using apps like Kris+ and ShopBack (RIP XNAP) at retail stores can alleviate this issue for people with less online spend to make since these transactions will become online ones. Paying your telco bills via their respective apps should also work depending on which operator you are with.


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S$350 Cash credits: 
 The first 200 new-to-UOB credit card customers in June 2024 who successfully apply for an eligible UOB Credit Card between 1 June 2024 and 31 June 2024 (both dates inclusive) and spend a min. of S$1,000 per month for 2 consecutive months from their card approval date, will receive S$350 cash credit. Click here for full terms and conditions.

Terms and conditions

Get 6.67% effective cashback on $600 of spend each month!

Maybank Family and Friends: 8% cashback on 5 out of 10 categories

Min. spend: S$800 per month
Max. spend: S$1,562.50 per month

With Maybank Family and Friends, you can get a handsome 8% cashback if you meet S$800 of minimum spend within the month across 5 categories of your choice. There are 10 to pick from, so there should be something for everyone.

Each category is limited to S$25 of cashback per month, which means you shouldn’t be putting more than S$312.50 of spend into each category. If you somehow manage to max out 5 categories, you can get S$125 cashback on S$1,562.50 of spend. On top of this, the card also gives 8% cashback on Ringgit spend – perfect for shopping trips at our neighbouring country. This is also capped at S$25.

To more effectively use this card, look through your monthly expenses to see if you are able to easily meet the requirements each month without much hassle. A family with S$300 of groceries, $200 of gym memberships and S$300 of transportation expenses, for instance, would find this card very easy to use. Someone whose spending habits are more discretionary might find the UOB EVOL a bit easier to use.

Family and Friends

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New to Maybank Customers

Apply for both an eligible Maybank Credit Card and a CreditAble Account, and make a min spend of S$600 per month on the credit card for 2 consecutive months. Choose:

  • Samsonite ENOW Spinner 69/25 Luggage; or
  • AirPods (3rd generation) with Lightning Charging Case; or
  • S$200 cash credit
  • 10,000 miles (only for Maybank Horizon)

Note that you need to apply for the CreditAble account, although you do not need to use it.

Application Steps

  1. Sign up here
  2. Note down the Application Reference number (at the end of Application, starts with REF-XXXXXXX)
  3. Fill up this Google form

Please view the terms and conditions here and save a copy for your reference.

Sign-up Process

  1. Apply with the link
  2. Important: find SingSaver email and fill in redemption form after application; no form no reward
  3. Promo code field can be left blank
  4. Fulfil requirements as stated in terms and conditions

Credit card terms and conditions
Banking account terms and conditions
Priority banking terms and conditions

Get 8% cashback on selected categories like groceries, telco, and more! Read the review here

DBS yuu: 17.5% rebates

Min. spend: S$600 per month
Max. spend: S$600 per month

DBS yuu was my pick for Cashback Card of the Year last year and I’ve talked about it quite a bit on this site. Nonetheless, it is here as the rightful top card of a list of awesome cashback cards to get.

Even without hitting the S$600 minimum spend for this card, the earn rate is 4.5% in rebates on participarting yuu merchants like Giant, Cold Storage, foodpanda, gojek, Singtel etc. It balloons to an impressive 17.5% when the minimum spend is met, and even after that continues to give 4.5% rebates.

I think it is worth using even if you can’t put all S$600 spend on yuu merchants. If you spend S$300 on yuu merchants and S$300 on other stuff, your effective yield is still 9% in rebates (blended rate of 17.5% on S$300 and 0.5% on non-yuu merchants) which is still significantly higher than other cards available.


promo code 388CASH

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New DBS/POSB cardholders

Get S$388 cashback¹ when you:

  • Apply for DBS yuu (either American Express or Visa) with promo code 388CASH
  • Make a min spend of S$800 within 60 days from card approval

Plus: S$30 vouchers if Team Cashback wins!

Existing DBS/POSB cardholders

Get S$60 cashback² when you:

  • Apply for for DBS yuu American Express (no promo code required)
  • Make a min spend of S$300 within 30 days from card approval

Last date to sign up: 15th July 2024

Terms and conditions (save a copy for future reference):

  1. New cardholder promo
  2. Existing cardholder

Get staggering 4.5% with no minimum spend, or 17.5% with S$600 eligible spend with a month! Staggering earn rate with few conditions required. Watch the review

Stay tuned for more deals and updates

I’ll do a piece on miles cards to use soon, so stay subscribed for that as well as other content and deals relating to savings accounts, credit cards etc.

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