Appalled at your outrageously high annual credit card bills and want to find credit cards with no annual fee in Singapore? Look no further as we show you the credit cards with no annual fees, saving you more so that you can get the most out of your paycheck.
Before we present our top picks of credit cards for you, let us clarify a few questions you may be wondering about.
Annual fees are often charged in exchange for the stellar rewards offered to cardholders while ensuring the banks generate revenue.
Fret not, read on to see how you can avoid these fees!
If you’re currently holding a credit card and wondering how to get an annual fee waiver, we got you! As soon as you see a charge on your credit card bill, call your bank and check whether you qualify for a waiver based on your history of payments. You will be either directed to an automated fee waiver system or a customer service officer to guide you through the process of getting a waiver.
Now you know.
With so many good credit card options with no annual fee, you may be wondering how to settle on one credit card to get. Here are some tips from us:
Analyse your potential spending behaviour and credit card usage and decide what card features are important to you. Different credit cards cater to different types of people: the big spenders, the travellers, the foodies etc. Do note that some credit cards have minimum spending requirements.
Need some help with your research? CardsPal’s Cashback Calculator makes it easier for you. Click on the brands that you often shop at and enter your average spend amount. The Cashback Calculator will recommend cards with the highest cashback, giving you a clearer idea of the cards that you may find useful. Also, compare credit cards side by side on CardsPal and get a comprehensive summary at 1 glance.
If you’re a fresh graduate, the choice of credit cards might be different especially with the minimum spending and income requirements. We recommend that you check out this article to find the best credit card for fresh graduates like you! Also, wanna know which bank account to deposit your first paycheck into to maximise returns? Don’t miss this helpful summary.
Now that we have clarified your doubts, we present to you our compilation of the best low annual fee credit cards in Singapore coupled with their amazing rewards and cashbacks. Do continue to read on to learn more about each credit card!
| Credit Card Name | Annual Fee Waiver | Annual Fee | Rewards and cashbacks | Eligibility |
|---|---|---|---|---|
| Standard Chartered Unlimited Cashback Credit Card | 2 years | $192.60 (inclusive of GST) | - 1.5% cashback with no minimum spend. - Receive 1% cashback on your approved Funds Transfer Amount. - Dining, shopping and petrol promotions | - Aged 21-65 years old - Minimum annual income of $30,000 |
| OCBC 365 Credit Card | 2 years | $192.60 (inclusive of GST) | With minimum spend of $800, enjoy per month cashback of: - 6% on dining - 3% on groceries - 3% on land transport - 5% on petrol - 3% on utilities - 3% on online travel - 0.33% on other expenses | - Aged 21-65 years old - Minimum annual income of $30,000 and above for Singaporeans and Singapore PRs. $45,000 and above for foreigners |
| DBS Altitude Visa Signature Card | 1 year | $192.60 (inclusive of GST) | - $1 = 3 miles on online flight and hotel transactions - $1 = 2 miles on overseas spending in foreign currency - $1 = 1.2 miles on local spend - Hotel and restaurant discounts | - Aged 21-65 years old - Minimum annual income of $30,000 and above for Singaporeans and Singapore PRs. $45,000 and above for foreigners |
| POSB Everyday Card | 1 year | $192.60 (inclusive of GST) | - 8% cash rebates on online food delivery on food panda and Deliveroo, 3% cash rebates on all other dining spend - 3% cash rebates on online shopping on Amazon.sg, Lazada, Qoo10 and Shopee | - Aged 21-65 years old - Minimum annual income of $30,000 and above for Singaporeans and Singapore PRs. $45,000 and above for foreigners |
| Citi Cash Back Card | 1 year | $192.60 (inclusive of GST) | - 6% cash back on dining - 8% cash back on groceries - Up to 20.88% fuel savings | - Aged 21 years and above - Minimum annual income of $30,000 and above for Singaporeans and Singapore PRs. $42,000 and above for foreigners |
| UOB PRVI Mastercard Miles Card | 1 year | $192.60 (inclusive of GST) | - Complimentary airport transfers to Changi Airport - Loyalty 20K Miles with minimum $50,000 spent - Complimentary travel insurance up to $500,000 | Aged 21 years and above Minimum annual income of $30,000 and above for Singaporeans and Singapore PRs and $80,000 and above for foreigners |
The Standard Chartered Unlimited Cashback Credit Card known for its attractive 1.5% cashback on all expenditure offers a 2–year annual fee waiver. Thereafter, an annual fee of S$192.60 is charged with a 26.90% annual interest rate. This card also offers cardholders amazing rewards where you get to enjoy up to $168 cashback after signing up and making 3 eligible transactions together with discount privileges for dining and shopping!
To apply for this card, click here.
With the OCBC 365 Credit Card, you get to enjoy a 2-year waiver followed by a fee of $192.60 a year. If you are planning to get a supplementary card, you’ll be entitled to a 2-year fee waiver followed by $96.30 a year per card! For big spenders, you’ll get an automatic waiver of annual fee with a minimum spend of $10,000. This spend is calculated from the month after your card is issued.
Not attractive enough? Well, the OCBC 365 Credit Card allows you to get 6% cashback on dining and online food delivery, 3% cashback on daily utilities and groceries and many more rewards with a minimum spend of $800!
To apply for this card, click here.
The DBS Altitude Visa Signature Card is popular amongst young adults who enjoy travelling. Cardholders get to earn up to 3 miles per $1 spend on online flight and hotel transactions, with miles that don’t expire. This card offers a 1-year fee waiver, followed by an annual fee of $192.60. Together with this annual fee waiver, you also get to enjoy exclusive offers such as discounts at restaurants and Hyatt hotels.
To apply for this card, click here.
A card good for everyday use, the POSB Everyday Card is popular amongst everyday Singaporeans who spend on daily items. With the POSB Everyday Card, you get to enjoy a 1-year fee waiver followed by a $192.60 annual fee! Besides the annual fee waiver, with this card, you also get to enjoy up to 8% cash rebates on dining and online shopping at selected e-Marketplaces. Recently bought your card? Use your card on Apple Pay and you also get an additional $20 cashback. How amazing is that?
To apply for this card, click here.
A fuss-free card, the Citi Cash Back Card offers easier and simpler cash-back every day, with 6% cash–back on dining at restaurants and cafes as well as up to 8% cashback on groceries with $800 minimum spend! This credit card offers a 1-year fee waiver of the basic annual fee of $192.60 inclusive of GST.
To apply for this card, click here.
With no minimum spend and no cap on earned miles, the UOB PRVI Miles Card is a popular hit amongst applicants with a minimum annual income of $30,000. This credit card offers a 1-year fee waiver of $256.80 together with two complimentary supplementary cards. An ongoing promotion, you also get to grab the latest iPhone 12 with 5G or $50 cash credit with the first 30 successful UOB person credit card applications until 21 March 2021, with a minimum spend of $1500 within 30 days from card approval!
To apply for this card, click here.
In addition to credit card benefits like no annual fee for a specific time, your credit cards also offer deals and discounts at different restaurants and shops where you can enjoy savings upfront.
Can’t keep track of the perks that come with your cards? Use CardsPal’s Cashback Calculator for recommendations on cards that give you the most cashback for your spending.
On top of that, CardsPal is an all-in-1 deal discovery platform, showing you the best deals for dining, retail, entertainment and more, wherever you go. Merchant exclusive deals on the app offer discounts and rewards you can’t get anywhere else.
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