Which is your favourite credit card and why? I am looking to get my first cashback credit card. Any good deals now or recommendations to go for?

I suggest getting 2 types of cashback cards

1. For everyday spend, eg OCBC Frank Card, DBS Live Fresh, Maybank Friends and Family, OCBC 365, Citibank Cashback Card etc. These cards have high cashback rates but require minimum spend and also have caps on the total cashback amount. If you dine out often (with colleagues, go on dates) and share the grocery responsibility at home, then you should have no problem meeting the minimum spend. My favourite card here is the OCBC Frank Card.

2. For general spend, eg Standard Chartered Unlimited Card, Citibank Cashback Plus Card, HSBC Advance Card etc. These cards have low cashback rates but do not have a minimum spend requirement. Use these cards for one-off purchases like buying an iPhone, buying a diamond ring, buying a washing machine etc. My favourite card here is the Standard Chartered Unlimited card. Citibank Cashback Plus has a slightly higher cashback, but you need to SMS to redeem the cashback, which I find archaic and stupid.

If you are unable to meet the minimum spend in point 1, then use the cards in point 2 for everything.

If you are able to meet the minimum spend in point 1, then use cards in point 1 for daily spend (dining, groceries, mobile phone bills etc) and hold on to a card in point 2 for big purchases when you need to.

I use the Standard Chartered Unlimited cashback card. Citibank also has a cashback card at a slightly higher cashback rate.

HSBC also has an Advance cashback card. It used to go well with HSBC Advance bank account but that bank account is going to stop operations soon?