What “Unlimited Cashback on Every Spend” Means on the GXS Credit Card

Key Takeaways

• "Unlimited" on the GXS Credit Card means no monthly cap on what you earn. The rate varies depending on where you spend, and every eligible category keeps earning all month.
• Groceries, dining, transport, shopping, online purchases and digital subscriptions earn 1.75% unlimited cashback once eligible non-Grab spending reaches S$500 in a billing cycle, a low threshold most everyday spenders clear naturally.
• Grab spending earns instant cashback in GrabCoins from 3% up to 10% with no monthly cap and no minimum spend to start. Overseas Grab spending earns a flat 10% with no FX fees.
• Singtel bills earn 1.75% cashback with no minimum spend and no cap, completely separate from the S$500.

Unlimited cashback on every spend. No cap. No categories to track. If that sounds like exactly what you've been looking for in a cashback credit card, here's how it actually works on the GXS Credit Card.

The 1.75% unlimited cashback applies to eligible everyday local spending once you hit a minimum spend of S$500 per billing cycle, one of the lowest thresholds among cashback cards in Singapore. Eligible Grab spending earns instant cashback in GrabCoins from 3% to 10% depending on how much you spend on Grab during that billing cycle. Eligible Singtel bills earn 1.75% with no minimum spend, on their own track.

Read on to see how it all adds up for your spending.

What "unlimited cashback" actually means, and what it doesn't

No ceiling on what you earn. That's what unlimited means here.

Most cashback cards stop paying once you hit a monthly limit. Picture a card that gives 8% on dining but caps it at S$25 a month. That rate only covers your first S$312 or so of dining. Everything after that earns the low base rate for the rest of the billing cycle.

Among cashback credit cards in Singapore with no monthly earning cap, the GXS Credit Card offers the highest unlimited cashback rate at 1.75% on eligible everyday local spending. S$500 earns S$8.75, S$1,000 earns S$17.50 and S$2,000 earns S$35. Once you've met the low minimum spend of S$500 of eligible non-Grab spending per billing cycle, every eligible dollar earns the same rate.

Which everyday purchases earn 1.75% cashback?

Eligible everyday spending includes groceries, dining, transport, shopping, online purchases, digital subscriptions and phone bills. The weekend supermarket run, the date night, the bus ride, the streaming subscription that auto-renews every month whether you remember it or not, all of that counts.

For most everyday spenders in Singapore, groceries, transport, dining and bills alone get to S$500 without any extra effort. Eligible Grab orders earn separately as GrabCoins, so your Grab spending doesn't compete with your everyday spending threshold. It earns on top of it.

How does Grab cashback work on the GXS Credit Card?

Eligible Grab spending includes Grab rides, GrabFood, GrabMart, Grab Dine Out and GrabExpress. You earn instant cashback in GrabCoins with no monthly cap and no minimum spend to start earning. The rate grows with your spending in a billing cycle:

Every eligible Grab spend earns from the first dollar at 3% in GrabCoins. As your Grab spending grows and your everyday spending clears S$500, the rate scales up to 5% and 10%. Which, honestly, is a pretty good deal for a ride to the airport. So, If you spend your week moving between Grab rides, GrabFood orders and the occasional GrabMart run, the card is built exactly for that pattern. AsiaOne covers what that looks like in practice for everyday Grab users in Singapore. 

500 GrabCoins is roughly worth S$1 as an indicative value. GrabCoins are part of Grab's loyalty programme and aren't cash, e-money or legal tender.

Does the GXS Credit Card earn cashback on overseas Grab spending?

Yes, and it's simpler than in Singapore. Eligible Grab spending outside Singapore earns a flat 10% instant cashback in GrabCoins regardless of your local tier, with no minimum spend and zero foreign exchange fees. Whether you're booking a Grab ride in KL, ordering GrabFood in Bangkok or running errands on GrabMart in Jakarta, every eligible overseas Grab spend earns at the full rate.

Do Singtel bills earn cashback on the GXS Credit Card?

Yes. Eligible Singtel transactions earn 1.75% cashback with no minimum spend and no earning cap, calculated completely separately from the S$500 threshold.

Your Singtel bill earns from the first dollar, every billing cycle, regardless of what else you've spent that month. Here's how it works in practice: S$100 of everyday spending plus S$150 on Singtel still earns S$2.63 in Singtel cashback even in a lighter spending month, because Singtel cashback runs on its own track.

What spending doesn’t earn cashback on the GXS Credit Card?

“Every spend” really means every eligible spend. Grab Wallet top-ups including GrabPay, PayLater and instalment payment plans don't earn rewards. The Rewards Terms have the full list, worth a quick read if you want to know exactly which transaction types qualify.

So, is the GXS Credit Card the right card for how you spend?

Three questions worth running through before you apply:

1. Do you spend S$500 a month on everyday non-Grab purchases? For most Singaporeans, groceries, transport, dining, bills and online shopping get there naturally. Once you're over that threshold, the 1.75% unlimited cashback earns on everything eligible, all month, with no cap.
2. Do you use Grab or pay a Singtel bill? Both earn without a minimum, so they help in lighter months.
3. Will you pay your bill in full? Interest is 29% p.a., so carrying a balance can outweigh the 1.75%. 

So what would last month's spending actually have earned? Add up your everyday spend, your Grab orders and your Singtel bill, and run the numbers. If they add up, the GXS Credit Card is worth a look. 

Plus, if you sign up now, there's even more to earn: from 25 September to 31 October 2026, new cardholders get S$108 off Grab rides, GrabFood and GrabMart. Limited redemptions available, so sign up on the GXS Bank app today!

T&Cs & disclaimers apply.

FAQs

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

2. Does the GXS Credit Card give cashback on groceries, dining and shopping?‍
   Yes. Eligible everyday spending includes groceries, dining, shopping, online purchases and digital subscriptions, all earning 1.75% unlimited cashback per billing cycle with no monthly cap once eligible non-Grab spending reaches S$500, a threshold most everyday spenders reach naturally. Grocery orders through GrabMart and dining through GrabFood or Grab Dine Out earn as eligible Grab spending instead, at 3% to 10% instant cashback in GrabCoins. 

3. Is there a minimum spend for GXS Credit Card cashback?‍
   Eligible everyday non-Grab spending needs S$500 per billing cycle to earn the 1.75% unlimited cashback, a low threshold most everyday spenders clear naturally across groceries, transport, dining and bills. Eligible Grab spending earns from the first dollar at 3% instant cashback in GrabCoins with no minimum. Eligible Singtel bills earn 1.75% with no minimum spend.

4. Does the GXS Credit Card give instant cashback on Grab rides and GrabFood?‍
   Yes. Grab rides, GrabFood, GrabMart, Grab Dine Out and GrabExpress earn instant cashback in GrabCoins from 3% to 10% with no monthly cap and no minimum spend to start earning. The rate scales up to 5% and 10% as Grab spending grows within the billing cycle. 

5. Does paying my Singtel bill with a credit card earn cashback in Singapore?‍
   Yes. Eligible Singtel bills earn 1.75% cashback with no minimum spend and no earning cap per billing cycle, calculated separately from the card's everyday spending threshold. Your Singtel bill earns from the first dollar, every month.