Cashback

: These cards offer much higher rates—often 5% to 10% —but only for specific categories like dining, groceries, or petrol.

: Offers one of the highest flat rates at 1.7% and famously includes typically excluded categories like insurance and school fees. cashback

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 : These cards offer much higher rates—often 5%

: Targets digital-first spenders with 10% cashback on online and mobile contactless payments. OCBC 365 Credit Card | Get Cashback on Everyday Spending In Singapore, this is primarily facilitated through credit

Credit cards in Singapore generally follow one of two main earning models: