Best Cashback Credit Cards in Singapore (2022): No Minimum Spend and No Cap

Cashback Credit Cards in Singapore with No Minimum Spend

Did you know that some cashback credit cards have a monthly minimum spending requirement?

If you haven’t read the fine print and you are a low spender or do not have a fixed shopping budget, you might wonder why you do not earn the cashback rate based on the advertised rate.

The perfect cashback credit card for you is the one with no minimum spending requirement and no cashback back cap.

If you are looking for the best unlimited cashback credit card that can help you earn limitless cash rebates, even if you do not have a consistent spending budget, we can help you.

Here at OMY Singapore, you will discover the following:

What is Cashback Credit Cards in Singapore?

best cashback credit cards in Singapore with no minimum spend requirement and no cashback cap

Cashback credit cards in Singapore are credit cards that let you earn a percentage (known as cash rebates) from your purchases.

However, note that some credit cards have a minimum spending requirement and a cashback cap. You must read the spending requirement to maximise your cash rebates.

If you are a low spender or don’t have a consistent shopping budget and want to earn a decent cashback rate, a cashback credit card with no minimum spend and no cap is perfect for you.

With this type of cashback credit card, you can earn unlimited cash rebates even though you are not hitting a minimum spending requirement for the month.

But, what are the best cashback credit cards in Singapore with no minimum spend and no cap? Let’s find it out!

The Best Cashback Credit Cards in Singapore (2022): No Minimum Spend and No Cap

Here are our top picks when it comes to the best cashback credit cards in Singapore with no minimum spending requirement and no cashback cap.

1.UOB Absolute Cashback Credit Card

UOB Absolute Cashback Credit CardAmong the best cashback credit cards with no minimum spending requirement and let you enjoy a limitless spending is the UOB Absolute Cashback Card. You can earn 1.7% limitless cashback – simply no minimum spend and no exclusions across your daily spend.

However, the only downside with this cashback credit card is that it is an AMEX. It can be challenging to find a smaller merchant that can accept this card.

But, don’t worry, there are lots of large merchants that accept it, and you can use your UOB Absolute Cashback Credit Card for the following:

  • Pay your insurance premiums
  • Settle school fees
  • To top up your mobile or e-wallets
  • To pay for your medical and hospital bills
  • To consolidate your recurring utilities and telco bills
  • To pay for your rental
Cashback Rate Apply Now
1.70% Visit Here
  • Attractive cashback rate of 1.7%
  • No minimum spend and no spend exclusions
  • Enjoy the exclusive American Express and UOB lifestyle privileges across various categories such as retail, dining, local adventures and more.
  • Conveniently track and redeem your rewards with UOB TMRW

Singaporean Citizens and Permanent Residents

  • Must have a minimum annual income of S$30,000, or have a fixed deposit collateral of at least S$10,000*

Foreigners

  • Must have a minimum annual income of S$80,000, or have a fixed deposit collateral of at least S$10,000*

*Terms and conditions apply. You must visit the nearest UOB branch for more information.

Moreover, please check the document requirements here.

Principal Card

  • S$192.60* yearly
  • First year card fee waiver

Supplementary Card

  • First card free
  • S$96.30* for subsequent cards

*Inclusive of Singapore’s prevailing Goods and Services Tax (GST)

2. Citi Cash Back+ Card

Citi Cash Back+ CardThe Citi Cash Back+ Card lets you earn a flat cashback rate. There is no minimum spend required and a cap on the cashback earned.

This is perfect for large purchases such as home renovations, new appliances, or weddings. Moreover, it allows you to turn your big-ticket spending into small payments.

The Citi Cash Back+ Card is currently offering a 1.6% cashback rate on all spending with no minimum spend requirement. This is currently in the second spot in terms of cashback rate, with UOB Absolute Cashback Credit Card in the top spot.

If you’re planning to create big spending in the first two months, this is perfect for you. They have an exciting deal where you can get up to S$240 cashback on up to S$4,000 spent (6% cashback) in the first two (2) months.

Cashback Rate Apply Now
1.60% Visit Here
  • Earn 1.6% on eligible spend all year round
  • No minimum spend required and no cashback cap
  • Redeem your cash back for cash rebate via SMS
  • Get exclusive deals and discounts
  • Turn your big spending to small payments
  • Convert your credit card statement retail balance into installments
  • Conveniently manage the credit card and track your cashback with the new Citi Mobile® App
  • Enjoy ongoing Citi Cash Back+ Card promotions

Singaporean Citizens and Permanent Residents

  • Must be 21 years old and above
  • Must have a minimum annual income of S$30,000

For document requirements for Singaporean/PR, please check here.

Foreigners

  • Must be 21 years old and above
  • Must have a minimum annual income of S$42,000

Check the document requirements here.

  • Basic fee of S$192.60 inclusive of GST (first year waived)

3. Maybank FC Barcelona Visa Signature card

Maybank FC Barcelona Visa Signature cardWith Maybank FC Barcelona Visa Signature card you can earn 1.6% unlimited cashback for all purchases in Singapore. There is no minimum spend required. It allows you to maximise your cashback earnings especially for local spending.

Moreover, with Maybank FC Barcelona Visa Signature card you can earn discounts and win a trip to catch FC Barcelona LIVE – a must have for FC Barcelona Fans.

Cashback Rate Apply Now
1.60% Visit Here
  • Enjoy the 1.6% unlimited cashback for all purchases in Singapore
  • No minimum spend required and no cashback cap
  • Earn 2X TREATS Points with every dollar spent on foreign currency transactions
  • Get a chance to win a trip for 2 to catch FC Barcelona LIVE every football season
  • 5% Discount at the FCBotiga official store in Camp Nou
  • Exclusive promotions

Singaporean Citizens and Permanent Residents

  • Must be 21 years old and above
  • Must have a minimum annual income of S$30,000

Foreigners

  • Must be 21 years old and above
  • Must have a minimum annual income of S$45,000 for Malaysian citizens and employed for at least 1 year
  • Other nationalities are required to have an annual income of at least S$60,000 and employed for at least 1 year.

Check the document requirements here.

Principal Card

  • 2 years fee waiver; subsequent annual fee S$120
  • Subsequent annual fee is waived with a total yearly minimum spend of S$10,000 (Total minimum spend: (i) includes spending on Principal and/or Supplementary Cards, but excludes Fund Transfer, late charges, interest charges and all other fees and charges imposed by Maybank; and (ii) must be charged within the year before the annual fee is due on the Card)

Supplementary Card

  • Free

4. ICBC Chinese Zodiac Card

ICBC Chinese Zodiac CardSimilar to the Maybank FC Barcelona Visa Signature Card, the ICBC Chinese Zodiac Card offers a flat cashback rate of 1.6% on all local spending. Moreover, you can earn the same rate when you used it for overseas purchases.

Aside from the attractive cashback rate, ICBC Chinese Zodiac Card has a creative card design. Available in 12 designs – based on Chinese Zodiac animals, this is jointly designed by TsingHua University and ICBC Credit Card Centre is a card collection of 12 lively Chinese Zodiac animals with their corresponding oracle bone inscriptions.

It provides enthusiasts with cultural and heritage richness by adding Chinese cultural elements into the credit card design.

Cashback Rate Apply Now
1.60% Visit Here
  • Enjoy the 1.6% unlimited cashback on local and overseas spending
  • No minimum spend required and no cashback cap
  • Earn more cashback when you spend more

Singaporean Citizens and Permanent Residents

  • Must be 21 years old and above for Principal applicant and at least 18 years old for a supplementary applicant
  • Must have a minimum annual income of S$30,000

Foreigners

  • Must be 21 years old and above for Principal applicant and at least 18 years old for a supplementary applicant
  • Must have a minimum annual income of S$48,000

Check the document requirements here.

Principal Card

  • Annual membership fee is S$150 (waived for the first 3 years)

Supplementary Card

  • Annual membership fee is S$75 (waived for the first 3 years)

5. Standard Chartered Unlimited Cashback Card

Standard Chartered Unlimited Cashback CardWith Standard Chartered Unlimited Cashback Card, you can earn 1.5% cashback on everything. Although 1.5% is not too high, there’s no need to fulfill the minimum spending requirement making it simple to earn rebates. Moreover, you can earn unlimited rebates since there is no cap.

Even if you decide to spend just S$20 for a month, you will still get 1.5% cash rebates for your purchases. Furthermore, there’s no need to worry about the right spending categories since the cashback rate applies practically to everything (there are just some exceptions, such as taxes and EZ link top-ups).

Cashback Rate Apply Now
1.50% Visit Here
  • Earn 1.5% unlimited cashback on everything
  • No minimum spend required and no cashback cap
  • Get up to S$288 cashback for Credit Card Funds Transfer and enjoy 0% interest-free cash with processing fee of 1% (EIR 2.06% p.a.)
  • Get an instant digital credit card
  • Conveniently use it for mobile payments

Singaporean Citizens and Permanent Residents

  • Must be 21 – 65 years old
  • Minimum annual income of at least S$30,000

Foreigners

  • 21 -65 years old
  • Must have a minimum annual income of S$60,000
  • Must hold a Singapore Employment Pass

Check the document requirements here.

  • Annual membership fee is S$192.60 including GST (waived for the first 2 years)
  • Cash Advance: Your cash advance fee per transaction is 6% on the Cash Advance, subject to a minimum fee of $15 plus Finance Charges at 0.082% per day on the amount withdrawn from the date of the transaction until the date of full payment.
  • A late payment charge of S$100 will be charged if minimum payment due is not received by the due date.

6. American Express True Cashback

American Express True CashbackAnother cashback card that is perfect for those who are low spenders or don’t have a constant budget for the month is the American Express True Cashback. There’s no limit – no minimum spend requirement and no cap. You can earn 1.5% on all eligible purchases such as grocery shopping, online shopping, home improvement, education fees, insurance, healthcare and more.

What is exciting about this cashback card? It provides a welcome bonus of 3% Cashback on up to a total spend of S$5,000 spend in your first 6 months. So, for the first 6 months, if your total spending is S$5000, you’ll earn a total of S$150 cash rebates.

Cashback Rate Apply Now
1.50% Visit Here
  • Earn 1.5% unlimited cashback on all eligible purchases
  • No minimum spending cap and no earn cap
  • Enjoy a welcome bonus of 3% cashback on up to S$5000 spend in the first 6 months
  • Receive S$80 CapitaVouchers when spend a minimum of S$250 in the first month (For new AMEX Card members, valid until 30 June 2022.

Singaporean Citizens and Permanent Residents

  • Must be 21 years old and above for Principal cardholder and should be over 18 years old for supplementary card holder
  • Minimum annual income of at least S$30,000

Foreigners

  • 21 years old and above
  • Must have a minimum annual income of S$45,000
  • Annual membership fee is S$171.20 including GST (waived for the first year)
  • First 2 Supplementary Cards fee permanently waived. S$85.60 (inclusive of GST) for each subsequent Supplementary Card

A Word from OMY

If you are not a heavy spender and want to earn cash rebates (literally free money), having a cashback credit card with no minimum spend requirement and no cap is perfect for you.

Moreover, this credit card will help you earn more rebates once you have decided to create large purchases.

However, please do note that you have to be a responsible credit card owner to avoid missing 0r being late for paying your bills. This can help to maintain a good credit standing and to get the most out of your cashback credit cards.

Before using a cashback credit card, make sure to check the terms and conditions. By doing so, you can’t miss how to get the most rebates from your purchases.

Share This Story:

More Articles

  • If you are looking for a relatively safe investment avenue, look no further. Real Estate Investment Trusts or REITs in Singapore are the perfect investments for investors who want to expand their portfolios to real estate.

    Continue reading
  • Around 67 reported victims have lost more than S$71,000 to new scam variants detected since the start of June.

    Continue reading
  • On a scale from 1 to 10, how seriously are you taking your retirement planning? If you want to make sure you live a comfortable life during your golden years, you need to know what the Supplementary Retirement Scheme is.

    Continue reading
  • If you are looking for a relatively safe investment avenue, look no further. Real Estate Investment Trusts or REITs in Singapore are the perfect investments for investors who want to expand their portfolios to real estate.

    Continue reading
  • Around 67 reported victims have lost more than S$71,000 to new scam variants detected since the start of June.

    Continue reading