What are the best credit cards which give cashback and have no minimum spend?

Amex and SCB are often touted as good cards without minimum spend. But isn't HSBC Advance also a 1.5% no min spend card? So is Citi SMRT Card; just that the applicable cashback rate is reduced by 0.3%?

3

Discussion (3)

What are your thoughts?

Learn how to style your text

ZY

23 Aug 2020

Original Post:

Which is the best credit card in the market now if I'm looking for cashback?

It's hard to suggest without knowing which categories you usually spend on and the amount you spend a month.

But if you can hit at least $600 a month, you can consider the revamped OCBC Frank Card.

Cashback categories are
1. 6% cashback for online spend, capped at $25
2. 6% cashback for mobile payment or foreign spend, capped at $25
3. 0.3% on others, capped at $25

(1) and (2) cover almost all daily spend, from dining, groceries, phone bills, movie tickets, ecommerce purchases. Just make sure you use Google pay/Samsung pay/apple pay instead of just the card.

Reply

Save

Gabriel Tham

07 Jun 2019

Tag Team Member at Kenichi Tag Team

HSBC advance card is not an unlimited cashback card. They have a cap on the cashback per month, even for advance banking clients.

Plus, if you are not an advance banking client, you would not get subsequent card fee waiver if you do not spend at least $12k a year.

Citi SMRT card is also good but its not actual cashback as in real cash credited to your account. The rebate comes in the form of SMRT$ which is a rewards program.

Some people prefer to get actual cashback credit rather than collecting rewards points.

Reply

Save