Money

Best Cashback Credit Card for Big Purchase

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Purchases / Credit Card Standard Chartered
Unlimited CashBack
UOB One Card Bank of China
Family Card
American Express
True Cash Back
OCBC 365
Cashback
Dining  1.5% 3.33% or 5% per quarter 7%  1.5% 6% Sat & Sun, 3% Mon – Fri, 3% Overseas
Online purchases  1.5% 3.33% or 5% per quarter 5% 1.5% 3%
Hospital Bills  1.5% 3.33% or 5% per quarter 5%  1.5% 3% (medical spend over the counter – dental, clinics, cord blood, hospital)
Supermarkets  1.5% 3.33% or 5% per quarter 5%  1.5% 3%
NETS FlashPay Auto Top Up (first 4 top-ups)  1.5% 3.33% or 5% per quarter 5%  1.5% 0.3%
Selected Merchants:
BEST Denki, BIG BOX, Unity Pharmacy, Watsons and Toys ‘R’ Us
1.5% 3.33% or 5% per quarter 5% 1.5% 0.3%
Telco Bills 1.5% 3.33% or 5% per quarter 1%  1.5% 3%
Other Spendings 1.5% 3.33% or 5% per quarter 0.5%  1.5% 0.3%
Discounts
Fuel 20.8% at Shell, 24% at SPC 22.2% at Caltex, 18.3% at Esso, 5% on other petrol station
Requirements
Minimum Spending No Minimum Spending $500 per month for 3 consecutive months

$1,000 per month for 3 consecutive months

$2,000 per month for 3 consecutive months

$500 per month No Minimum Spending $600 per momth
Monthly Capped No capped S$50 (3.33%) per quarter

S$100 (3.33%) per quarter

S$300 (5%) per quarter

S$100 per billing cycle (online purchases is capped at S$30) No capped $80 per month
Minimum no of transactions 5

Looking at the above comparison table, depends on what big items you are purchasing, different card offers different percentage of cashback. Below are the order (best being on top, the worst being at the bottom):

1. Bank of China Family Card is giving relatively high cashback at various different area, however, their monthly capped is $100.

2. OCBC 365 is giving also giving different cashback on different area of spend, but losing to Bank of China with lower cashback at many areas and a lower capped of $80 per month.

3. Standard Chartered Unlimited CashBack and American Express True CashBack is on par with the same cashback with no capped limit, giving 1.5% per month.

4. UOB one card seems to be the weakest card in this round because it requires min transaction and a minimum spending across 3 months. If you have 1 big purchase coming up, UOB does not make it easy for you. However, if you have a regular spending pattern of $500, UOB cashback is quite good at 3.33% per quarter.

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