The Ultimate Cheatsheet: Best Cashback Credit Cards For Working Adults 2018

4 min read
If someone came up to you to offer you free cash on the money you’re already spending every month, would you say no?
I didn’t think so either. Everyone needs a good cash back credit card, period.

If you’re still paying via NETS / your debit card, it is high time you embraced the cash back rewards that credit cards have to offer!

TL;DR – Best Cashback Credit Cards For Working Adults In 2018

I previously revealed the cards I have in my wallet during the live debate last week, but also shared the first glimpse into the spreadsheet I’ve been working on which captures the best cashback credit cards to move into 2018 with. A number of you have emailed me to ask for that list, so here are the best ones I’ve shortlisted:

 Big Purchases

Unlimited Cash Back

Dining/ Entertainment/ Online

Transport/ Groceries

Max cashback etc.


SCB Unlimited Cashback

AMEX True Cashback

BOC Family

Citi Cash Back

OCBC 365

UOB Yolo

OCBC Frank

Citibank SMRT ez-link











Max. cashback cap

$50/ $100/ $300 per quarter



$100 per month

$100 per month
($25 per category of dining/groceries/petrol)

$80 per month

$60 per month

$60 per month

Max 600 SMRT$ per year

Min. Spend (Monthly)

$500/ $1,000/ $2,000









Best for

UOB One bank account holders/ Wedding/ Renovation payments

Unlimited cashback

20% Uber Cashback*

Unlimited cashback

BOC SmartSaver account holders, Dining, Online

Grab rides,
Dining, Groceries,

OCBC 360 bank account holders, Online shopping (3%),
Weekend dining (6%), Weekday (3%)

Weekend dining & entertainment (6%), Weekday (3%), 1-for-1 at Cathay Cineplex

Online Shopping

2% on ez-link auto top-up, 5% on groceries, fast food, movies and coffee

Sign-up bonus


$138 for new customers

$25 Grab/NTUC voucher



$125 Grab/NTUC voucher

$120 cash back if you hit $200 per month for 6 months


$50 cash credit*


$125 Grab/NTUC voucher

$120 cash back if you hit $200 per month for 6 months

If you’re signing up for any of these cards, don’t forget to indicate here that you’re a Budget Babe reader so you can get additional free cash vouchers.

Further Reading: Battle of the Cashback credit cards

UOB One Card


Folks with a UOB One account should definitely get the UOB One, which is a fantastic cash-back card through and through, while helping you chalk up higher interest on your savings as well. If you’re having a large purchase coming up, you’ll probably benefit the most from getting a 5% cashback out of this card ($2000 monthly spend).

Read my previous review of the UOB One account here.

Note: Some readers have commented that they’ve faced long waiting periods for approval of their card application, of about 3 weeks to 2 months. Nonetheless, good cards are worth waiting for.

Standard Chartered Unlimited Cashback / AMEX True Cashback 

This is an easy and fuss-free credit card to hold, as it gives you 1.5% on all spend without any minimum or maximum limits, nor does it set caps by categories.

For the lazy folks who don’t wish to manage multiple cash back credit cards in your wallet, this would be the best bet. Alternatively, you can also get the AMEX True Cashback Card, although that’s accepted by fewer merchants in contrast to SCB’s MasterCard.

Bank of China Family Card

This is a really fabulous card for online and dining. Moreover, if you’re already on the BOC SmartSaver program (read my review here), this card can help you to get higher interest rates on your savings.

Citi Cash Back Visa Card

If you drive and dine out often, then you’ll probably want to keep this card close as it is best for dining and petrol (up to 20.88% fuel savings at Esso and Shell). Or if you’re frequently booking rides on the Grab app, this card also gives you 8% cash back for that, provided you’re able to hit the minimum monthly card spend of $888.

You can also get extra $125 Grab or NTUC vouchers by signing up here.

OCBC 365


This card has been talked to death as it has been around for a really long time, but if you’re on the OCBC 360 account, you’ll probably have to get this to maximise your savings interest rate. It also offers a relatively high dining cash back rate, and free travel insurance when you book your flights with this card.


UOB Yolo Card

The best use of this card would be for its 1-for-1 movie tickets at Cathay Cineplex, as well as the free Grab ride every weekend if you manage to meet the transaction spend in that preceding week. Use it for your weekend dining and entertainment.

OCBC Frank Credit Card

This was one of my very first credit cards, and I feel it is one that is often overlooked because no one really talks much about it online. The truth is, this is a really fantastic card with a 6% online shopping rebate which includes Grab and Uber rides. You’ll also get 3% to 5% cash back on your movies, karaoke sessions and major coffee chains, including Starbucks and Coffee Bean.

And yes, you can use this to clock higher interest saving rates on your OCBC 360 account! In my opinion, this card is much more superior to OCBC 365 if your spending behaviour fits into what I’ve described above. The minimum spend is also much lower at $400 per month.

Citibank SMRT Card


Best for travelling on public transport and for groceries (across various places including Fairprice, Giant and Sheng Siong. This is broader, unlike the POSB Everyday Card which limits you to only Sheng Shiong supermarkets).

You can also get extra $125 Grab or NTUC vouchers by signing up here.

CIMB Platinum Mastercard

Get up to 10% cash rebate for specific categories. Travel, health and beauty on CIMB Platinum Mastercard, or go for the CIMB Visa Signature if you dine out considerably often.

I quite like this card for how it allows you to enjoy rebates even on your hospital / doctor / dentist / optometrist / pharmacies / spas / hairdresser bills. Not many cards offer this privilege.

You’ll need to spend at least $500 in a month – consisting of at least 8 transactions of $30 or more – in order to enjoy the 10% cash rebate, so this warrants a bit more tracking than I’d like to have. Do also note that the maximum rebate is capped at $60 every month.



A few readers have highlighted specific cards to ask why they weren’t included in this list. For clarity, the following cards were also examined but I felt that they either paled in comparison to the other cards here, or they had limited utility to warrant a permanent place in our wallets.
Some of the other cards reviewed were:
– SCB Manhattan card (paled in comparison to UOB One)
– DBS Live Fresh card (paled in comparison to OCBC Frank)
– HSBC Advance (a number of caveats to meet, sits in the middle of what UOB One and SCB / AMEX Unlimited offers)
– POSB Everyday card (limited categories and merchants)
– SCB Singpost card (used to be among the best for online shopping, but changed their T&Cs recently and dropped the cashback rate from 7% to 2%)
– SCB Spree card (seems like a revamp of the SCB Singpost card)

Cash back cards are a great way to get free money

I get a few hundred dollars of cash back every year (and I don’t even spend a lot!) easily by maximising my cards this way, and that’s not even counting the additional interest I get on my linked-bank account savings… If you play your credit card cash back strategy well, there’s a lot of free cash that you can get back on money which you’re already spending right now.

Of course, as always, remember to be responsible for your credit card spend and always pay off your bills on time at the end of the month! Otherwise, if you’re worried about potentially overspending, then you can consider the DBS Visa Debit Card for its 5% cashback (I’ve also previously reviewed here).

Are there any other cash back credit cards that I’ve missed out which you think deserves to be on this list? Let me know!

With love,

Seedly Contributor: SG Budget Babe

Budget Babe is an ordinary lady striving to achieve financial freedom in Singapore before the age of 45. She is always looking for cost-effective ways to live a fulfilling life in amidst Singapore’s rising costs, nd writes in order to empower fellow Singaporeans on taking charge of their own lives and finances. The final goal is to eventually break free from the competitive rat race. 

Editor’s note: The above is a really insightful article by SG Budget Babe who is a part of our Seedly community. For readers who are interested in learning the ropes of personal finance, check out Seedly’s content on Investing!

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