Last updated on 11 October 2026
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- I rank cards by earn rates, ease of use, fees and overall card benefits, without external influence. In fact, Suitesmile credit card comparison pages include many cards with no affiliate commission.
- With over 10 years of credit card optimisation, I personally use both miles and cashback cards. My honest recommendations follow the math, not loyalty to miles or cashback. I rely on these same pages to pick the right card for my own spending.
- I track hundreds of bank and card provider pages and review this page daily, updating it whenever credit card providers change their rates, caps or terms.
- I dislike T&C gotchas as much as you; every major catch, including FX fees, earn caps and minimum spends, is flagged in each card’s summary, and the official T&Cs are linked for you to verify.
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Fai · Founder of Suitesmile
My picks: Best credit cards for Utility Bills
Utility bill payments (electricity, water and gas) are commonly excluded from rewards (miles/cashback) on most Singapore credit cards.
At the moment, there are 3 great credit cards that award cashback for utility bill payments:
- UOB One Card: Up to 4.33% cashback
- OCBC 365 Card: 3% cashback
- AMEX True Cashback Card: 1.5% cashback
The AMEX True Cashback Card is the only one without a minimum spending requirement, making it the perfect option for miles chasers.
Typical Utility MCC
The Merchant Category Code (MCC) for utility bill payments is pretty straightforward, as there is only one:
| MCC | Description |
|---|---|
| 4900 | Utilities–Electric, Gas, Heating Oil, Sanitary, Water |
Best credit cards for Utility Bills
Since Maybank’s exclusion in Dec 2025, there is no longer a credit card that awards Miles on utility bill payments in Singapore. But it’s really not a big deal if you understand the value of your miles; getting as high as 4.33% cashback was always better than earning 1.2 mpd.
Compare and browse reviews of the best credit cards for utilities to earn up to 4.33% cashback. Use these great cards for electricity, water and gas bills in Singapore.
How are these cards chosen and ranked?
These cards are picked and ranked based on how they compare against other cards, based on these key factors:
1) Earn rates (miles/cashback)
2) Accessibility (min. income/age requirements)
3) Ease of use (min. spending, conditions to receive max. miles/cashback)
4) Miles/Points flexibility (expiry term, transfer partners)
5) Annual fee
6) Foreign transaction fee
7) Other additional benefits
Fulfilled by SingSaver
Reward
S$80 cash
Be a new credit cardholder of the bank
Apply by 31 Oct 2026
Spend at least S$500 within 30 days after card approval date
Submit rewards redemption form that you receive via email (from SingSaver)
Get up to 4.33% cashback on utility bill payments to SP Group, up to S$2,000 per statement month. Minimum card spend of S$600/S$1,000/S$2,000 per statement month for 3 consecutive months in a qualifying quarter required.
Card details
Key details of the UOB One Card
Card rating :
Ease of use :
Minimum annual income:• S’porean/PR: S$15,000-S$30,000
• Foreigner: S$40,000Annual fee: S$196.20 (first year waived; request waiver every year)
Get up to 3.33% cashback on almost everything, up to S$600, S$1,000 or S$2,000 per statement month
Get additional 1-6.67% cashback at selected merchants (total up to 4.33-10% cashback)
Minimum card spend of S$600, S$1,000 or S$2,000 per statement month, for 3 consecutive months in a qualifying quarter required for bonus cashback
Minimum 10 transactions per statement month required for bonus cashback
0.03% cashback on non-bonus spending
Bonus categories for additional cashback (1-6.67%) are MCC-sensitive
3.25% foreign transaction fee
Fulfilled by SingSaver
Reward (choose one)
• S$300 cash + S$100 Grab vouchers
• S$420 Shopee vouchers
• Dyson Airstrait (worth S$799)
• Dyson V8 Cyclone vacuum (worth S$559)
Be a new credit cardholder of the bank
Apply by 1 Nov 2026
Spend at least S$400 within 30 days after card approval date
Submit rewards redemption form that you receive via email (from SingSaver)
Get 3% cashback on recurring utility bill payments, up to S$2,667/S$5,333 per calendar month. Minimum card spend of S$800/S$1,600 per calendar month required.
Card details
Key details of the OCBC 365 Card
Card rating :
Ease of use :
Minimum annual income:• S’porean/PR: S$15,000-S$30,000
• Foreigner: S$45,000Annual fee: S$196.20 (first 2 years waived; request waiver every year)
Get 6% cashback on petrol
Get 5% cashback on dining
Get 3% cashback on groceries, public transport, ride-hailing, utilities and EV charging
Get uncapped 1% cashback on selected advertising platforms
Minimum spending for bonus cashback (per calendar month):Tier 1: S$800
Tier 2: S$1,600 Bonus cashback caps (per calendar month):Tier 1: S$80 per calendar month
Tier 2: S$160 per calendar month Bonus categories are MCC-sensitive
0.25% cashback on non-bonus spending
3.25% foreign transaction fee
Get 1.5% cashback on utility bill payments.
Card details
Key details of the AMEX True Cashback Card
Card rating :
Ease of use :
Minimum annual income: Not stated (usually S$30,000)
Annual fee: S$174.40 (first year waived; request waiver every year)
Get 22% fuel savings at SPC till 31 Dec 2026, on up to S$1,690 spend
Get uncapped 1.5% cashback on almost everything, including commonly-excluded transactions (e.g. utilities, education, healthcare)
No minimum spending
Low earn rate (spend with better cashback cards)
AMEX cards have lower merchant acceptance than Visa/Mastercard
3.25% foreign transaction fee
