No Minimum Spend Cards | Best Cashback Rewards Singapore 2022

Credit Cards

Credit cards can help you save money if you choose the correct one for your lifestyle and use it wisely. Looking for the best credit cards to help you save the most money in the new year? Cashback credit cards with high cashback rewards are a good place to start. In this blog, we tell you about the best no minimum spend credit cards in Singapore. Also, these credit cards come with great cashback rewards! 

Not only is cashback the easiest to understand when compared to credit card benefits such as miles and points, but it is also widely adored – anybody and everyone can appreciate receiving cash refunds.

Best No Minimum Spend Cards in Singapore 2022

The CIMB World Mastercard

To begin, the CIMB World Mastercard now has a minimum purchase requirement before you can earn infinite cashback. This modification became effective on September 1, 2021. If you spend S$1,000 during the same statement month, you can earn unlimited 2% cashback on wine and dine, online meal delivery, movies and digital entertainment, taxi and automotive, and luxury goods transactions with the CIMB World Mastercard. Otherwise, the cashback you can receive on the above-mentioned eligible categories will be half.

With a minimum spend of S$500 recorded in the same statement month, you’ll get 1% cashback on any other purchases. This card also has no annual cost for the rest of your life, saving you money year after year. It’s like having your cake and eating it, too.

Citi Cash Back+Credit Card

Citibank enters the unlimited cashback race with its newly introduced Cash Back+ Credit Card (not to be confused with the Citi Cash Back Credit Card), laying down the gauntlet by offering a 1.6 percent reward on all purchases. Although 0.1 percent extra cashback is unlikely to make a difference (unless you charge tens of thousands of dollars to the card), the higher cashback earns rate remains an appealing option for Citi customers looking to earn rewards on a variety of transactions.

The American Express True Cashback Card 

The lasting success of AMEX’s True Cashback Card, one of the very first limitless reward cards to be released on our shores, boils down to its basic hook: 1.5 percent cashback on all spends with no minimum monthly spending or cashback limitation. With this card, you simply spend, as usual, earning cashback that is immediately applied to your monthly bill. Savings are immediate and painless.

What’s the best part? During the first three months, you may receive a staggering 3% cashback on all purchases (up to S$5,000)! This translates with a maximum payback of S$150.

Credit Card with Unlimited Cashback from Standard Chartered

The Standard Chartered Unlimited Reward Credit Card gives you 1.5 percent cashback on every purchase, whether it’s for a restaurant meal, household groceries, or a new pair of gym sneakers. You can also choose to consolidate your expenditures with a balance transfer and get 1% cashback on the amount transferred.

When used together, these two cashback channels effectively allow you to ‘double-dip’ on your purchases but keep in mind that carrying a credit card balance will result in much higher interest costs. However, if you need to move your amount, the extra savings will be appreciated.

Sign up for any of these no minimum spend cards in Singapore and make 2022 a financially well-planned year. Read more on the credit card rewards and promotions in our blog section. 

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