Top 3 Credit Cards for Cash Rebates

Print

In a fight for customers in a market worth over S$25 billion a year, Singapore banks now often dangle cash rebates on spending via credit cards. With a wide array of cashback percentages and conditions, which card offers the best rebate?

01Standard Chartered Manhattan Card

Monthly spending (Cash rebate)

The Fine Print

Good for

02UOB One Card

Amount of spending (Cash rebate)

The Fine Print

Good for

03Citibank Dividend Card

Type of spending (Cash rebate)

The Fine Print

Good for

04Also-Ran: POSB Everyday Card

Type of spending (Cash rebate)

The Fine Print

Good for

05Special Mention: Standard Chartered Xtrasaver Account

The Stanchart Xtrasaver is not strictly-speaking a credit card, but offers attractive cashback for spending via Nets and debit Mastercard, in conjunction with the maintenance of a current account.

Checking account deposit balance - CashBack on petrol

Checking account deposit balance - CashBack on others (with & without petrol spending)

The Fine Print

Good for

Conclusion

The Standard Chartered Manhattan Card offers the best combination of an attractive rebate, high quarterly cap and flexible usage terms. The UOB One Card would have trumped the competition with the highest cashback percentage if not for a very low $80 quarterly cap on rebates and requirements to maintain a monthly minimum spending. The Citibank Dividend Card looks very attractive at first glance, but the $50 accumulated rebate requirement means that some rebates are inevitably forfeited when the rebates expire or when the credit card is canceled. When it comes to purchases at Carrefour, the POSB Everyday card is the card to use.

Finally, the Stanchart Xtrasaver Nets/Debit Card deserves a mention, for having the largest cap on cashback, but a large cash balance in the Xtrasaver current account is required.

 

Note: Information valid as of Jun 2010 and exclude limited-time promotions. Feedback and comments are welcome.

Note2: Effective 1 May 2011, Stanchart Manhattan's rebates for spending below $3,000 per month have been revised downwards and updated here according. The quarterly cap on rebates has also been reduced from $300 to $200.

 


Newer news items:
Older news items:

Last Updated ( Tuesday, 03 May 2011 06:17 )