: Targets digital-first spenders with 10% cashback on online and mobile contactless payments. OCBC 365 Credit Card | Get Cashback on Everyday Spending
Cashback is a financial reward that returns a small percentage of a transaction's value to the consumer. In Singapore, this is primarily facilitated through credit cards, debit cards, and specialized shopping platforms. Unlike reward points or miles, which can expire or devalue, cashback provides flexible, direct savings that typically appear as a credit on your next monthly statement. Common Cashback Structures cashback
: Features up to 8% back on petrol and 6% on dining and groceries, provided a minimum monthly spend is met. : Targets digital-first spenders with 10% cashback on
: Offers one of the highest flat rates at 1.7% and famously includes typically excluded categories like insurance and school fees. Unlike reward points or miles, which can expire
: Provides 1.6% unlimited cashback with no expiry.
Credit cards in Singapore generally follow one of two main earning models: