If you are evaluating the best cashback credit cards for business expenses, read through this guide to understand rewards, fees, spending categories and payment options available in Singapore
Key takeaways
- Cashback credit cards return part of eligible spending through cash rebates, statement credits or points that can be redeemed for rewards
- Business and personal cards can be used for rewards/cashback but they all come with different eligibility requirements starting from S$30,000 in annual income
- Some cards can require a minimum spend starting from S$1,000 before rewards apply
- The World Card is a virtual card linked to a multi-currency account, with cashback available on eligible spending. Terms and Conditions Apply
The Singapore cards and payments market has been growing and is projected to jump from US$26.45 billion in 2026 to US$55.22 billion by 2034, at a CAGR of 9.64%. As card usage grows, cashback and rewards cards can give businesses and independent professionals a way to earn value from everyday business expenses.
For businesses, freelancers, agency owners, and sole proprietors, cashback cards can return part of eligible spending as rewards/cashback. They may be useful for recurring business expenses such as advertising, travel, dining, utilities and software.
This guide compares seven cashback and rewards cards available in Singapore, including business cards and personal cards that may be used by freelancers and small business owners. It also covers the World Card by WorldFirst as a virtual payment card linked to a multi-currency account.
What is a cashback credit card?
A cashback credit card is a credit card that returns part of eligible spending as a cash reward or provides points that can be redeemed for cashback, vouchers, miles or other rewards. The amount earned depends on the card’s reward structure, eligible transactions and applicable terms and conditions.
What to look for in a cashback credit card
- Cashback rate: Check how much cashback the card gives on each S$1 spent and whether the rate changes by spending category
- Category bonuses: Look for higher cashback on expenses the business regularly pays for, such as advertising, travel, dining, software or online purchases
- Minimum spending: Check whether a card requires a minimum monthly spend before cashback starts, and whether the business can consistently meet that threshold
- Cashback caps: Look at the maximum cashback available each month or statement period to see whether the cap limits rewards on higher business spending
- Annual fee: Compare the yearly card fee with the cashback and other rewards the business could earn to assess the overall value
- Interest rate: Check the interest rate that applies if the outstanding balance is not paid in full, as interest charges can outweigh cashback earned
- Foreign transaction fees: For overseas or international online spending, check the foreign transaction fee and currency conversion costs alongside the cashback rate
- Additional benefits: Consider extras such as travel insurance, airport lounge access, dining offers and purchase protection if they match the business’s regular expenses
- Eligibility: Check age, income, business registration, ownership and credit requirements before applying, as business and personal cards can have different criteria
→ If you’re a business operating in Singapore, you can also look at these Corporate credit cards
Top cashback credit cards for businesses in Singapore
1. OCBC Business Credit Card
The OCBC Business Credit Card is designed for Singapore-incorporated businesses and offers 3% rebate at selected eco-friendly merchants, 1% on foreign currency spending and 0.2% on SGD spending, with no minimum spend or rebate cap.1
New cardholders can also earn 8% cashback on S$1,000 qualifying spend, capped at S$80, under the promotion running until 31 December 2026.1 The card provides a no-interest period of up to 53 days and includes sustainability spending insights and selected merchant privileges like integration with Xero and Shopify in Singapore.1 Eligible businesses must be at least 30% owned by Singaporeans or PRs and have annual turnover of S$20 million or less.1
Pricing: The annual service fee is S$196.202
*Fees checked in August 2026
→ Read the full OCBC business account review for more on OCBC’s business banking options
2. DBS World Business Card
The DBS World Business Card earns up to 2% cash rebate through DBS Rewards Points, with 2% on foreign currency transactions, 1% on local dining, entertainment and travel, and 0.3% on other eligible transactions.3
Rewards can be redeemed for cash rebates, shopping vouchers or air miles.3 Cardholders also receive up to 10 complimentary Priority Pass visits to over 1,000 airport lounges across the globe.3 It also allows users to monitor business expenses and control business spending through DBS IDEAL.3 A 2026 sign-up promotion offers 8% cashback on S$1,000 monthly spend, for three months, capped at S$240, until 31 December 2026.3 Applicants must be at least 21 years old with S$80,000 annual income to be eligible for this card.3
Pricing: S$414.20 annual fee, including GST; one-year fee waiver3
*Fees checked in August 2026
→ Looking beyond the card? Read the full DBS business account review
3. DBS Altitude VISA Signature Card
The DBS Altitude VISA Signature Card is a personal travel rewards card that can suit freelancers and small business owners seeking miles on business spending.4 It earns up to 2.2 miles per S$1 on overseas foreign currency spending and up to 1.3 miles per S$1 locally.4 DBS Points do not expire and can be converted to KrisFlyer, Asia Miles, Qantas Points and AirAsia points.4
The card also includes two complimentary Priority Pass lounge visits every 12 months. 4 Plus, it allows eligible purchases above S$100 to be split into three monthly instalments with zero interest and zero processing fees.4 Applicants must meet the applicable income requirements, starting at S$30,000 for Singaporeans and PRs.4
Pricing: S$196.20 annual fee, including GST, one-year waiver applicable4
*Fees checked in August 2026
4. UOB Business Card, Signature/World variant
The UOB Signature/World Business Card gives 0.3% cashback for every S$5 spent on eligible purchases.5 It also lets businesses set spending limits for individual card users and view business expenses in one place.5
Cardholders get S$1 million in travel insurance, dining offers and discounts on business essentials. 5 The UOB World Business Card also includes Mastercard Travel Pass, giving access to more than 1,300 airport lounges worldwide.5 Depending on the card variant, online purchase protection is also available.5
Pricing: S$183.36 annual fee5
*Fees checked in August 2026
5. HSBC Revolution Credit Card
The HSBC Revolution Credit Card is a personal rewards card that can be used for eligible business spending by freelancers and self-employed applicants who meet the bank’s requirements.6 It offers up to 10X Reward points on online and contactless spending, including dining, shopping, travel and ride-hailing.6
Cardholders maintaining at least S$50,000 in deposits with an HSBC Everyday Global Account can receive up to 20X Reward points, equivalent to up to 8 miles per Dollar.6 Other benefits include up to S$1 million in travel insurance and online purchase protection.6 Minimum income starts at S$30,000 for qualifying Singaporean and PR applicants, with higher thresholds for other categories.6
Pricing: A card requires a total balance of S$50,000 with the bank, including at least S$10,000 in fixed deposit6
*Fees checked in August 2026
→ See how HSBC compares with DBS in this DBS Bank vs HSBC comparison
6. Citi Rewards Credit Card
The Citi Rewards Credit Card focuses on online and retail shopping, offering 10X Citi ThankYou Points on qualifying online and in-store purchases and 1X point on other eligible spending.7 Points can be redeemed for cashback, vouchers, merchandise or through Citi Pay with Points, where 440 points equal S$1.7
Citi ThankYou Points remain valid for 60 months from card approval.7 The card also includes Citi PayLite, FlexiBill, Quick Cash and Citi World Privileges.7 Applicants must be at least 21 and meet the minimum annual income requirement of S$30,000 for Singaporeans and personal residents or S$42,000 for foreigners.7
Pricing: S$196.20 annual fee, including GST, with the first year waived based on the supplied card information7
*Fees checked in August 2026
7. American Express Singapore Airlines Business Credit Card
The American Express Singapore Airlines Business Card rewards business spending with HighFlyer points rather than conventional cashback.8 It earns up to 8 HighFlyer points per S$1 on eligible Singapore Airlines and Scoot bookings, two points on qualifying KrisShop and Pelago purchases and 1.2 points on other eligible spending.8
HighFlyer points can convert to KrisFlyer miles at a 1:1 rate (up to 150,000 KrisFlyer miles).8 A promotion offering 22,000 bonus HighFlyer points for eligible spending and annual-fee payment along with S$1,000 eligible Singapore Airlines or Scoot spending is available until 31 January 2027, subject to its terms.8
Pricing: S$400 annual fee, including GST; first two supplementary cards are permanently waived8
*Fees checked in August 2026
The World Card: A business payment card for global operations
The World Card is a virtual card powered by Mastercard for business payments, connected to a multi-currency account, the World Account by WorldFirst. The World Account supports 20+ currencies, including SGD, USD, GBP, EUR, CNH and AUD and provides local receiving account details for the same. Businesses can use these details to receive payments from customers, marketplaces or other business partners directly into their World Account. They can also add funds from an external bank account or, where supported, by card. The World Card can then be used for business expenses in 150+ currencies wherever Mastercard is accepted.
Businesses can issue up to 20 multi-currency cards at no extra cost and access each card separately with custom spending limits and instant freeze or unfreeze controls. The card also supports Apple Pay and Google Pay, while Xero and NetSuite integrations can help with reconciliation.
Additional World Card features
- No additional card payment fee in 15 supported currencies when sufficient funds are held in the relevant currency
- Cashback on eligible spending, terms and conditions apply
- Real-time spending controls, including custom limits and freeze/unfreeze options
- Apple Pay and Google Pay support
- Xero and NetSuite integrations for reconciliation
- Payments to Chinese suppliers through World Pay, the authorised international payment provider for 1688.com
→ Learn everything about how to receive money with SGD account details
| Fee type | World Card fees |
| Card issuance fee | Zero |
| Annual fee | Zero |
| Currency conversion fee | Zero when paying in any of the 15 supported currencies with sufficient balance held in that currency |
*Fees checked in August 2026
FAQs
1. Which cashback credit card is best in Singapore?
There is no single card that is best for every business. The relevant option depends on spending categories, cashback or rewards rates, minimum spending, caps, annual fees, foreign transaction costs and eligibility.
2. Are there cashback credit cards in Singapore with no annual fee?
Some business cards may have no annual fee, while others offer annual-fee waivers under specified conditions. The applicable fee and waiver terms need to be checked against each card’s current fee schedule.
3. Can freelancers use business cashback credit cards?
Yes, but eligibility varies by card. Some business cards generally require a qualifying Singapore business structure, while personal cards may be available to self-employed applicants or freelancers who meet the relevant income and credit requirements.
4. What is the difference between a cashback credit card and the World Card?
A cashback credit card uses a credit line and rewards eligible spending with cashback or points. The World Card is a virtual card linked to a multi-currency account, with transactions deducted from available account balances. It can also provide cashback on eligible spending. Terms and Conditions Apply.
Sources
- https://www.ocbc.com/business-banking/smes/transactions/business-credit-card
- https://www.ocbc.com/iwov-resources/sg/ocbc/business/pdf/ocbc-business-cards/fees_and_charges_for_business_credit_card_2024.pdf
- https://www.dbs.com.sg/sme/day-to-day/business-cards/dbs-world-business-card
- https://www.dbs.com.sg/personal/cards/credit-cards/dbs-altitude-cards
- https://www.uob.com.sg/business/transact/cards/uob-business-card.page
- https://www.hsbc.com.sg/credit-cards/products/revolution/
- https://www.citibank.com.sg/credit-cards/rewards/citi-rewards-card/
- https://www.americanexpress.com/sg/credit-cards/singapore-airlines-business-card/?linknav=sg-amex-cardshop-allcards-learn-SingaporeAirlinesBusinessCard
This article is intended for informational purposes only and does not constitute legal advice or professional advice. This article should not be regarded as constituting an offer or a solicitation to buy or sell any regulated or financial products or services. WorldFirst makes no representations or warranties regarding the accuracy, completeness, or applicability of the content, and readers are encouraged to consult with legal professionals or other professionals for advice tailored to their specific situation. WorldFirst does not guarantee the accuracy and completeness of this article and expressly disclaims any and all liability to any person in respect of the consequences of anything done or omitted to be done wholly or partly in reliance on this article.
