What are rewards credit cards?

Cards that let you earn points on purchases which can be redeemed for shopping, dining, travel, or vouchers.

How do rewards credit cards work in Singapore?

Earn points per dollar spent; some cards give accelerated points for specific categories like online shopping or dining.

Which banks in Singapore offer rewards credit cards?

Popular issuers include DBS, UOB, Citibank, Standard Chartered, HSBC, and OCBC.

Can I redeem rewards points for cash?

Some cards allow conversion to cashback, but points usually have higher value when redeemed for vouchers or travel.

Do rewards points expire?

Yes, typically 2–3 years, depending on the bank. Some premium cards offer no expiry.

Are there any fees for rewards cards?

Most cards have annual fees, but some waive it with minimum spend. Check specific bank terms.

Can I earn bonus points on special promotions?

Yes, banks often run seasonal or partner-based promotions for accelerated points.

Do all purchases earn the same points?

No, some categories earn accelerated points while others earn base points.

Are rewards points taxable in Singapore?

No, points earned from spending are generally not considered taxable income.

How do I choose the best rewards card for me?

Match your spending habits with the card that maximises points in your top categories.

Best Rewards Credit Cards in Singapore | Turn Spending into Perks

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