The best rewards credit card in Singapore, measured by points on bonus spending, earns 10X points: 4 miles per dollar once converted. Five cards from the main issuers do this. What separates them is which spending counts, where the monthly cap sits (about S$1,000 of spend on all five), how long points last, and the fee.
So the useful question is not which card earns the most, but which card’s bonus category matches spending you already do. Figures are from the banks’ own pages as at November 2026. We are not paid by any issuer.
How We Compared
From the seven issuers this site covers, we kept points cards that earn 10X on a defined category with no minimum spend, where the category, cap, expiry, fee and income requirement are stated on the bank’s page or terms.
The measure is miles per S$1 on bonus spending and the size of the monthly cap. Bonus rates that depend on holding a savings balance with the bank, sign-up points and limited-time top-ups are ignored.
Points cards can also be redeemed for vouchers or statement credit, usually at a lower value. We use miles so the five cards are on the same footing.
The Comparison Table
Annual fees include GST. Income is for Singaporeans and PRs aged 55 and below.
| Card | Issuer | 10X (4 miles per $1) on | Monthly cap on bonus | Minimum spend | Annual fee | Minimum income |
|---|---|---|---|---|---|---|
| Rewards | Citibank | Online spend, and in-store fashion and department stores | 9,000 bonus points ($1,000) | None | $196.20, first year waived | $30,000 |
| Revolution | HSBC | Online and contactless spend in listed categories | 9,000 bonus points ($1,000) | None | None | $65,000* |
| Lady’s Card | UOB | One category you choose from seven | 1,800 bonus UNI$ ($1,000) | None | $196.20, first year waived | $30,000 |
| Woman’s World | DBS | Online spend | $1,000 of online spend | None | $196.20 | $80,000 |
| Rewards | OCBC | Listed shopping categories and merchants | 10,000 bonus OCBC$ (about $1,111) | None | $196.20, two years waived | $30,000 |
*HSBC lists $30,000 for salaried existing customers who hold at least $50,000 with the bank.
What Each Card Pays, and the Catch
Citi Rewards earns 10 points per $1 on online purchases such as food delivery, ride-hailing and online groceries, and at clothing, shoe and department stores. Citibank says mobile wallet and travel-related transactions may not qualify. Points last 60 months and 25,000 points become 10,000 miles, with a $27.25 fee per transfer. It does not suit someone who mostly pays by phone wallet in shops. More in our Citi Rewards review.
HSBC Revolution has no annual fee in HSBC’s tariff. It earns 10 points per $1 on online and contactless spending, but only in the categories HSBC lists, which include travel, department and retail stores, dining and taxis. Fast food and hotel dining are excluded. HSBC says there is no redemption fee for now. The income requirement is the main barrier. See the HSBC Revolution review.
UOB Lady’s Card lets you pick one category each quarter: beauty and wellness, fashion, dining, family (which covers grocery stores), travel, transport or entertainment. The catch is rounding: UNI$ are awarded per $5, so small payments lose points. UNI$ expire two years from the end of the quarter they were earned, and each conversion costs $27. It does not suit spending spread thinly over many categories. See the UOB Lady’s Card review.
DBS Woman’s World earns 10 DBS Points per $5 on online spend and 3 per $5 on overseas spend (1.2 miles per $1). The catches: an $80,000 income requirement, points that expire a year after they are earned, and a $27.25 conversion fee. It does not suit slow collectors. We compare it with the UOB card in DBS Woman’s World vs UOB Lady’s Card.
OCBC Rewards earns 10 OCBC$ per $1 at department, clothing, shoe and sporting goods stores and named merchants including Shopee, Lazada, Amazon, Taobao, Watsons and Guardian. Supermarkets earn no bonus. OCBC$ last 24 months, and the programme terms list a $25 fee per KrisFlyer conversion. It does not suit food, transport or travel spending.
The short version: All five cards earn the same 4 miles per dollar on roughly the first $1,000 a month. Choose by which category you already spend in, then by expiry and income requirement.
The Best Rewards Credit Card Maths: Inside and Over the Cap
Illustration only. An illustrative cardholder puts $1,000 a month of qualifying online shopping on a 10X card.
- $1,000 × 4 miles = 4,000 miles a month, or 48,000 miles a year.
- A general miles card at 1.2 miles per dollar would earn 14,400 on the same spend.
- At an assumed 1.5 cents a mile, 48,000 miles are worth $720. Less one $27.25 transfer and a $196.20 annual fee if it is charged, about $497.
Now raise the spend to $1,500 a month on the same card.
- First $1,000 × 4 = 4,000 miles. Next $500 × 0.4 = 200 miles. Total 4,200.
- The blended rate falls from 4 to 2.8 miles per dollar.
- At $3,000 a month it is 4,800 miles, or 1.6 miles per dollar, barely ahead of a card that earns 1.4 on everything.
This is why people with larger budgets pair one capped card with a general miles card for the overflow. That adds a second set of terms to track. Compare the general cards on our air miles credit cards page, and test cashback against miles in the cashback vs miles calculator.
How to Choose Between Them
- Mostly online shopping and delivery apps: the Citibank and DBS cards define the bonus by how you pay (online), not what you buy.
- Mostly tapping a card in shops and restaurants: HSBC’s contactless bonus and UOB’s chosen category cover in-person spending.
- Mostly marketplaces and department stores: OCBC’s list names the merchants.
- Collecting slowly: check expiry first. One year is short; 60 months is forgiving.
Category rules depend on how the merchant is coded by its bank, which you cannot see in advance. A small test purchase shows whether a merchant earns the bonus.
When a Rewards Card Is the Wrong Tool
If under $300 a month falls in the bonus category, the extra miles are worth a few dollars a month, and a flat cashback card is simpler.
If you do not redeem miles, the fallback uses of points pay much less. Citibank, for example, lists 440 points for $1 of statement credit, about 2.3% on 10X spending.
And if you ever carry a balance, no points card helps. The banks here charge about 27.8% to 27.9% a year on unpaid balances, as MoneySense explains. The debt payoff calculator shows what clearing it would take.
What To Do Next
- List your top three spending categories and how you pay for each: online, contactless or phone wallet.
- Read the bonus category definition and exclusions in the card’s terms, not just the headline.
- Check the bank’s page for current rates and promotions. Promotions change often and are not counted here.
- See all card types side by side on the best credit cards in Singapore page, or by issuer: Citibank, HSBC, UOB, DBS and OCBC.
