For Singapore residents, getting a good deal is always front-and-centre when we spend money. So, it makes sense that “cashback” credit cards – that literally provides cash back to you in the form of statement credit for your card – are hugely popular.
Yet, individuals should also be aware that cashback credit cards may not suit every type of spending. That’s because a lot of the advertised cashback rates are contingent on you spending minimum amounts in specific categories, such as dining or online shopping.
Therefore, it makes sense to assess which cards suit your particular type of spending. So, here are the best cashback credit cards in Singapore in 2025 and what types of spenders they suit.
OCBC 365 Credit Card – Dining, Fuel & Food Delivery
For those of us who spend a lot on dining or filling up your car with petrol, then the OCBC 365 Credit Card could be one of the best cashback options out there.
That’s because it gives you 5% cashback on local and overseas dining as well as on online food delivery services, such as Deliveroo, FoodPanda, and GrabFood. Furthermore, if you drive and regularly fill up your car with petrol then using the OCBC 365 card can also get you 6% cashback at all petrol service stations.
Of course, this attractive rate of cashback does come with a caveat – you need to spend a minimum of S$800 per calendar month to receive it otherwise only a minimal cashback rate of 0.25% is awarded.
There is also a S$160 cashback cap per calendar month on the card so, as an example, you would max out a 5% cashback rate (for dining) at S$3,200 of spend (S$3,200 x 5% = S$160).
DBS Yuu Credit Card – Groceries, Transport & Food Delivery
While technically not a traditional cashback card, the DBS Yuu card certainly does offer a compelling proposition. However, instead of cash back to your statement, you receive Yuu points which can then be redeemed at certain merchants around Singapore.
The DBS Yuu card offers up to 18% cashback in Yuu points for spend at Yuu merchants, such as Cold Storage, Guardian, Giant, FoodPanda, GoJek, 7-11, ToastBox, and BreadTalk.
You can receive 0.5% cashback for your initial purchase and then another 4.5% in base points from spending on the DBS Yuu credit card. The extra 13% cashback (in the form of Yuu points) is actually credited to you in the following month.
To receive this extra 13%, though, you need to spend a minimum of S$600 in a calendar month across the Yuu merchants mentioned above.
If you can do that, though, then the cashback is extremely attractive. The only constraint is that it’s not technically cash on your statement credit and you can either use them to offset future purchases at Yuu merchants or convert them into KrisFlyer miles at a relatively attractive rate.
DCS Ultimate Platinum Credit Card – General Spending
For those of us who just want to earn a straightforward cashback rate without having to jump through hoops then the DCS Ultimate Platinum Credit Card works well. That’s because it gives individuals a cashback rate of 2% on all spending, with no minimum spend required.
That’s the best “general spend” cashback credit card in Singapore, although people should note that there is a S$200 cashback cap per calendar month – to exceed it though you’d have to spend over S$10,000 on your DCS Ultimate Platinum card within a month.
So, for most people who just want a simple cashback card with a transparent cashback rate then the DCS Ultimate Platinum works well. That’s because a lot of people can’t be bothered to think too much about how a certain spend will be interpreted by a bank.
By using this cashback card, individuals won’t need to worry whether they’re earning the cashback being advertised as all (eligible) spending on this card earns 2% cashback.
Focus On Spending Habits
If you’re a cashback credit card user, it’s important to focus on the credit cards that align with your spending habits. There’s no point getting a cashback credit card that gives accelerated cashback rates for dining if you spend that much on eating out.
Of course, we should also consider minimum spending requirements and cashback caps for these cards before committing to them. By understanding your spending habits and aligning them with the best cashback card, we can optimise our credit card strategy when we spend.
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