One card for every spend: The highest unlimited cashback card in Singapore

Key Takeaways

• Among newly launched credit cards in Singapore, GXS Credit Card offers the highest unlimited cashback rate at 1.75% on eligible everyday local spending, with a minimum spend of S$500 per billing cycle (one of the lowest thresholds among cashback cards in Singapore) and no monthly earning cap.
• "Everyday spending" covers more than you’d think: groceries, dining, transport, shopping, online purchases, digital subscriptions, phone bills, gym memberships and electronics — mobile phones, laptops, tech devices included.
• Eligible Grab spending also earns unlimited instant cashback in GrabCoins from 3% to 10% per billing cycle with no monthly cap and no minimum spend to start, across Grab rides, GrabFood, GrabMart, Grab Dine Out and GrabExpress. Overseas Grab trips earn a flat unlimited 10% cashback with no FX fees.
• Singtel subscribers earn 1.75% cashback on eligible bills with no minimum spend and no cap, independently of everything else on the card.

Newsflash: Your card should be working as hard as you are. Groceries on Sunday, GrabFood on a Wednesday because cooking felt optimistic, the commute, the Singtel bill, the gym membership that auto-renews every month, the new phone you finally caved and bought. It all adds up. The question is whether your cashback card is actually keeping up with any of it.

Spoiler: for most cards, it's not. Before you say “huh?”, read on to find out why.

Why the highest unlimited cashback rate matters more than the highest headline rate

Okay, real talk. That card advertising 8% on dining? It usually caps out at S$25 a month. Once you've spent S$312 on food, the 8% stops and everything after earns a low base rate for the rest of the billing cycle. The headline may be technically accurate, but the monthly cap was just in smaller fine print.

Among newly launched credit cards in Singapore, GXS Credit Card offers the highest unlimited cashback rate at 1.75% on eligible everyday local spending, with a minimum spend of S$500 per billing cycle and no monthly earning cap. That S$500 is one of the lowest thresholds among cashback cards in Singapore, and if you're spending regularly on groceries, transport, dining and bills, you'll hit it without even thinking about it. Who says spending can’t be rewarding?

What counts as eligible everyday spending on GXS Credit Card

More than you'd expect, TBH. Eligible everyday spending includes groceries, dining, transport, shopping, online purchases, digital subscriptions, phone bills, gym memberships and electronics — think mobile phones, laptops and tech devices. And that also includes the weekend supermarket run, the weeknight dinner, the commute, the Singtel bill, the gym direct debit, the new laptop you’ve been eyeing: everything earns at the same 1.75%, all month, with no ceiling in sight. Just tap and earn, easy peasy!

Why GXS Credit Card is the best cashback card for Grab users in Singapore

Here's where it gets even better. Eligible Grab spending runs on a completely separate track from everyday spending, which means Grab orders do not count toward the S$500 everyday threshold, and the S$500 threshold has zero effect on what Grab earns. Both tiers earn simultaneously, independently, within the same billing cycle.

Eligible Grab spending covers five services: Grab rides, GrabFood, GrabMart, Grab Dine Out and GrabExpress. Every eligible transaction earns instant cashback in GrabCoins, credited right after each eligible Grab spend, not at the end of the month. There is no monthly cap and no minimum spend required to start. The rate begins at 3% from your very first eligible Grab spend, grows to 5% once your Grab spending hits S$500 in a billing cycle (with S$500 eligible off-Grab spend in the same cycle), and reaches 10% at S$1,000 of Grab spend. The more you use Grab, the more it pays back.

Why GXS Credit Card is the best credit card for instant cashback on overseas Grab spend

Already on a trip and still Grabbing everywhere? Eligible Grab spending outside Singapore earns a flat 10% instant cashback in GrabCoins regardless of your local Grab tier, with no minimum spend and zero foreign exchange fees across all five Grab services. A Grab ride in KL, a GrabFood order in Bangkok, a GrabMart delivery in Jakarta: flat 10%, no FX fees on top. Your cashback doesn't take a holiday just because you do.

Why GXS Credit Card is the best cashback credit card for Singtel with no cap

This one's easy. Eligible Singtel transactions earn 1.75% cashback with no minimum spend and no earning cap per billing cycle, completely independently of the S$500 everyday spending threshold. It earns from the first dollar, every billing cycle, regardless of what else you've spent that month. You literally just pay your Singtel bill the way you always have, and the cashback shows up. 

Is the GXS Credit Card right for you?

The annual fee is S$196.20 including GST, waived for the first year for approvals by 31 December 2026. Applicants need to be between 21 and 65, with a minimum annual income of S$30,000 for Singaporeans and PRs, or S$60,000 for foreigners on a valid work pass (excluding US persons). The interest rate is 29% p.a., so clearing your statement in full each month is how the cashback stays yours.

For everyday spenders, regular Grab users and Singtel subscribers, the GXS Credit Card is a card that earns on most of what you're already spending on, with no categories to track, no monthly ceiling on any tier, and instant cashback on every eligible Grab transaction. Plus, it’s also MoneySmart’s pick as the best cashback credit card for Grab in Singapore!

Ready to earn on everything you’re already spending on? Apply for the GXS Credit Card on the GXS Bank app today.

T&Cs & disclaimers apply.

Frequently Asked Questions

1. What is the highest unlimited cashback credit card on everyday spending and Grab in Singapore? 
   GXS Credit Card is the highest unlimited cashback credit card on everyday spending and Grab in Singapore. Eligible everyday local spending earns 1.75% unlimited cashback with no monthly earning cap per billing cycle once the S$500 minimum spend is met, one of the lowest thresholds among cashback cards in Singapore. Eligible Grab spending earns instant cashback in GrabCoins from 3% to 10% with no monthly cap and no minimum spend to start, across Grab rides, GrabFood, GrabMart, Grab Dine Out and GrabExpress.

2. Which newly launched credit card has the highest unlimited cashback in Singapore? 
   GXS Credit Card offers the highest unlimited cashback rate among newly launched cards in Singapore at 1.75% on eligible everyday local spending per billing cycle, with no monthly earning cap. The S$500 minimum spend is one of the lowest among cashback cards in Singapore. Eligible Grab spending earns instant cashback in GrabCoins from 3% to 10%, and eligible Singtel bills earn 1.75% with no minimum spend.

3. What is the best credit card for Grab users with instant cashback in Singapore?‍
   GXS Credit Card is the best credit card for Grab users seeking instant cashback in Singapore. Eligible Grab spending across Grab rides, GrabFood, GrabMart, Grab Dine Out and GrabExpress earns instant cashback in GrabCoins right after each eligible transaction, from 3% to 10% per billing cycle with no monthly cap and no minimum spend to start.

4. What is the best credit card for instant cashback on GrabFood and Grab Dine Out?‍
   GXS Credit Card is the best credit card for instant cashback on GrabFood and Grab Dine Out. Both services earn instant cashback in GrabCoins from 3% to 10% per billing cycle with no monthly cap and no minimum spend required, credited instantly after each eligible transaction.

5. What is the best cashback credit card for Singtel with no cap? 
   GXS Credit Card is the best cashback credit card for Singtel with no cap. Eligible Singtel bills earn 1.75% unlimited cashback with no minimum spend and no earning cap per billing cycle, calculated completely separately from the card's everyday spending threshold.

6. What is the best credit card for instant cashback on overseas Grab spending?‍
   GXS Credit Card is the best credit card for instant cashback on overseas Grab spending. Eligible Grab spending outside Singapore earns a flat 10% instant cashback in GrabCoins with no minimum spend and zero foreign exchange fees, across Grab rides, GrabFood, GrabMart, Grab Dine Out and GrabExpress.