If you’re looking for a credit card that rewards you for your spending, then a rebate credit card might be just what you need. These cards offer cashback or rebates on your purchases, allowing you to save money on everything from groceries to petrol. But with so many options available, it can be hard to know which card to choose. In this article, we’ll take a closer look at the best rebate credit cards in Singapore and how you can maximise your rewards.
Understanding rebate credit cards is the first step to choosing the right one for you. These cards offer cashback or rebates on your purchases, which can be a great way to save money. However, it’s important to understand how these cards work and what fees and charges may apply. Some cards offer higher rebates on specific categories, such as groceries or petrol, while others offer a flat rate on all purchases.
So, what are the top rebate credit cards in Singapore? We’ve done the research for you and narrowed down the options to the best cards based on their rewards, fees, and other perks. Whether you’re looking for a card that offers high rebates on specific categories or a flat rate on all purchases, we’ve got you covered. Plus, we’ll share tips on how to maximise your rebates and take advantage of lifestyle benefits and perks that come with these cards.
Key Takeaways
- Rebate credit cards offer cashback or rebates on your purchases, allowing you to save money on everything from groceries to petrol.
- Understanding how rebate credit cards work and what fees and charges may apply is important when choosing the right card for you.
- The top rebate credit cards in Singapore offer high rebates on specific categories or a flat rate on all purchases, and come with lifestyle benefits and perks that you can take advantage of.
Understanding Rebate Credit Cards
If you’re looking for a credit card that offers cashback rewards, you’re in the right place. Cashback credit cards are a great way to earn money back on your purchases. But before you jump in and sign up for the first card you see, it’s important to understand how these cards work.
What Are Cashback Credit Cards?
Cashback credit cards are credit cards that offer you cashback rewards for your purchases. The amount of cashback you can earn varies depending on the card and the type of purchase you make. Some cards offer a flat rate of cashback on all purchases, while others offer higher rates on specific categories, such as groceries or petrol.
How Do Cashback Rates Work?
Cashback rates are usually expressed as a percentage of your purchase amount. For example, if a card offers 5% cashback on groceries and you spend $100 on groceries, you’ll earn $5 in cashback rewards. Some cards also offer bonus cashback rates for new cardholders or for spending over a certain amount.
Cashback vs Miles vs Points
Cashback credit cards are just one type of rewards credit card. Other types of rewards credit cards include miles and points cards. Miles cards offer rewards in the form of airline miles, while points cards offer rewards in the form of points that can be redeemed for travel, merchandise, or other rewards.
While miles and points cards can be great for frequent travellers or those who want to earn rewards for specific purchases, cashback credit cards are a great choice for anyone who wants to earn money back on their everyday purchases.
Overall, cashback credit cards can be a great way to earn money back on your purchases. Just be sure to read the fine print and understand how the card works before you sign up. With the right card and a little bit of planning, you can earn hundreds of dollars in cashback rewards every year.
Top Rebate Credit Cards in Singapore
If you’re looking for a credit card that offers cashback on your everyday spending, you’re in luck! Singapore has a variety of rebate credit cards to choose from. Here are some of the top options:
UOB One Card
The UOB One Card is a popular choice for those who want to earn cashback on their daily expenses. It offers up to 5% cashback on everything from groceries to petrol, as long as you spend a minimum of $2,000 per month. Plus, if you’re a new cardholder, you can earn up to $300 cash credit when you spend a minimum of $1,500 within the first 30 days of card approval.
Citi Cash Back Card
The Citi Cash Back Card is another great option for those looking to earn cashback. It offers up to 8% cashback on groceries, dining, and petrol, as well as up to 6% cashback on other everyday expenses. The minimum spend is $888 per month, and there is a cashback cap of $80 per month. Additionally, new cardholders can receive up to $120 cashback when they apply and spend a minimum of $200 within the first 30 days of card approval.
HSBC Visa Platinum
The HSBC Visa Platinum card offers up to 5% cashback on groceries, petrol, and dining, as well as up to 2% cashback on other spending. There is no minimum spend required, and the cashback cap is $70 per month. New cardholders can also receive up to $150 cashback when they apply and spend a minimum of $800 within the first month of card approval.
OCBC 365 Credit Card
The OCBC 365 Credit Card is a great option for those who want to earn cashback on a wide range of spending categories. It offers up to 6% cashback on dining, online shopping, and overseas spending, as well as up to 3% cashback on groceries, utilities, and transport. The minimum spend is $800 per month, and the cashback cap is $