Cash back

Up next is cash back. Cash back cards tend to be a huge favourite as the amount earned redeemed can be used to offset your next bill. The cash back cap and minimum spend vary from card to card.
Here are some cards with no minimum spend AND no cash back cap, for your reference:
Standard Chartered Unlimited Cashback Credit Card
- Up to 1.5% cash back on eligible spend
Citi Cash Back+ Mastercard
- 1.6% cash back on eligible spend
American Express True Cashback Card
- 3% cash back (welcome offer, min. Spend of S$5000 in 6 months)
CIMB World Mastercard
- 2% unlimited cash back on wine and dine, entertainment and recreation, automobile and DFS purchases
One drawback of cards without cash back cap is modest rebate rates (Imagine the loss banks would make if high cash back rates were paired with unlimited cash back rates! Let’s let them earn too.).
As such, these cards would be suitable for card holders with high monthly expenditures, whereby a small cash back rate would still amount to a sizeable cash back amount.
In the same vein, credit cards with high minimum spend can afford to reward their card holders with high cash back rates. For example, the UOB One card offers up to 10% rebate on Shopee, Dairy Farm Group, Grab, SP and more, but would require a minimum spend of S$2,000 per month.
Looking for exceptions? Here are 2 for you. The POSB Everyday Card, which offers up to 8% cash rebates on dining and online shopping with a minimum spend of just $800. The Maybank Family & Friends Card offer up to 8% cashback on groceries, dining and petrol, and require a minimum spend of just $800 as well. It’s a friend indeed.
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