Best Credit Cards With No Annual Fee (For Life)

Card rating ^{Suitesmile's overall rating of this card (out of 5), all things considered. This includes how it compares against alternative miles/cashback cards, its annual fee, and how easy (or hard) it is to achieve the advertised benefits.}:
Ease of use ^{A rating (out of 5 stars) of how easy it is to achieve the maximum earn rate and other benefits advertised by this card.}:
Minimum annual income:• S’porean/PR: S$30,000 – S$65,000 ^{Income requirement depends on your Total Relationship Balance (TRB) with HSBC. S$30,000/year if TRB is S$50,000 and above; S$65,000/year if TRB is below S$50,000.}
• Foreigner: S$65,000Annual fee: No annual fee, ever

 Earn 4 mpd on selected contactless and online spending, up to S$1,000 per calendar month ^{Earn 4 mpd on contactless and online transactions, on a wide range of spending categories like retail shopping (online and in-person), dining, flights (direct with airlines only), hotels (excl. online travel agencies like Agoda, Trip.com etc.), food delivery and ride-hailing.}
 Boost bonus earn rate to 8 mpd (up to S$1,200 per calendar month) with a minimum deposit of S$50,000 ^{HSBC customers with a minimum deposit of S$50,000 in the HSBC Everyday Global Account can enjoy an earn rate of 8 mpd (instead of 4 mpd) on selected contactless and online spending.}
 No minimum spending
 3-year miles expiry term
 7 useful miles transfer partners
 Free miles transfers to frequent flyer programs
 Instant miles transfers
 No annual fee, ever

⚠️ 0.4 mpd earn rate on non-bonus spending
⚠️ Poor transfer ratio to KrisFlyer ^{Due to inferior transfer ratio, if/when the points earned on this card are converted to KrisFlyer miles, the bonus earn rate would effectively be 3.3 mpd, instead of 4 mpd.}
⚠️ Bonus categories are MCC-sensitive
⚠️ 3.25% foreign transaction fee

Card rating ^{Suitesmile's overall rating of this card (out of 5), all things considered. This includes how it compares against alternative miles/cashback cards, its annual fee, and how easy (or hard) it is to achieve the advertised benefits.}:
Ease of use ^{A rating (out of 5 stars) of how easy it is to achieve the maximum earn rate and other benefits advertised by this card.}:
Minimum annual income: S$15,000 – S$30,000 ^{S$30,000/year if aged 55 and below; S$15,000/year if aged 56 and above.}
Annual fee: No annual fee, ever

 Get 1.5% cashback on foreign transactions, up to S$1,500 per calendar month (till 31 Dec 2026)
 No minimum spending
 No foreign transaction fees

⚠️ Low earn rates on local and Shopee spending (spend with better cashback cards instead)
• 1.5% cashback on local spending
• 1.5% coins on Shopee spending

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More information on the

Mari Credit Card

Suitesmile rating:

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✍️ Short summary
Mari Credit Card gives you 1.5% cashback, great foreign exchange rates with no foreign transaction fees and it does not come with an annual fee.

Cardholders can receive 1.5% cashback on any currency spending; uncapped for SGD transactions, up to S$1,500 per calendar month (till 31 Dec 2026) for foreign currency transactions. No minimum spending is required.

The existence of this card also means that the opportunity cost of using Miles credit cards for foreign currency spending is now about 4.75%, as those cards come with around 3.25% in FX fees and no cashback.

Cardholders can also earn 1.5% Shopee coins when transacting with Mari Credit Card Instant Checkout on Shopee, but there are better miles and cashback cards for Shopee spending!

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💸 Annual fee
No annual fee, ever

💼 Income requirement
S$30,000/year (aged 55 and below),
S$15,000/year (aged 56 and above)

🤑 Foreign transaction fee
No foreign transaction fee

❓How/When cashback is credited
Cashback amount is credited into the card immediately when the transactions post.

📜 Terms & conditions

🎁 Sign-up bonusGet S$30 cashback after spending at least S$300 within 30 days from card approval date.

Plus, get a S$50 Shopee voucher pack when you use Mari Credit Card Instant Checkout on Shopee.

Use code 6JAC91WK when signing up.

Card rating ^{Suitesmile's overall rating of this card (out of 5), all things considered. This includes how it compares against alternative miles/cashback cards, its annual fee, and how easy (or hard) it is to achieve the advertised benefits.}:
Ease of use ^{A rating (out of 5 stars) of how easy it is to achieve the maximum earn rate and other benefits advertised by this card.}:
Minimum annual income:• S’porean/PR: S$15,000 – S$30,000 ^{S$30,000/year if aged 55 and below; S$15,000/year if aged 56 and above.}
• Foreigner: S$60,000Annual fee: No annual fee, ever

 Choose 1 of 3 card rewards:• Up to 15% cashback on chosen category (~5% in reality), 1% locally
• 1.5% cashback locally, 0.5% on foreign currencies
• 3% stockback on chosen stock/ETF (till 31 Dec 2026) No minimum spending (for 0.5-1.5% cashback and stockback)
 Uncapped earn rates (for 0.5-1.5% cashback and stockback)
 No foreign transaction fees

⚠️ “15% cashback” headline on chosen category is impossible to achieve
⚠️ Low earn rate of 1-1.5% cashback on local spending (spend with better cashback cards)
⚠️ Stockback option drops to 2% locally and 0.5% foreign from 1 Jan 2027

Card rating ^{Suitesmile's overall rating of this card (out of 5), all things considered. This includes how it compares against alternative miles/cashback cards, its annual fee, and how easy (or hard) it is to achieve the advertised benefits.}:
Ease of use ^{A rating (out of 5 stars) of how easy it is to achieve the maximum earn rate and other benefits advertised by this card.}:
Minimum annual income:• S’porean/PR: S$15,000 – S$30,000 ^{S$30,000/year if aged 55 and below; S$15,000/year if aged 56 and above.}
• Foreigner: S$60,000Annual fee: No annual fee, ever

 No foreign transaction fees
 Unlimited fee-free overseas ATM withdrawals

⚠️ “21% cashback” claim for FairPrice spending is impossible to achieve
⚠️ Low earn rate of 0.22% (spend with better cashback cards)

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More information on the

Trust Link Card

Suitesmile rating:

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✍️ Short summary
This card gives you great foreign exchange rates and unlimited fee-free overseas ATM cash withdrawals. Plus, it does not come with an annual fee.

To avoid interest charges on ATM cash withdrawals, follow these easy steps:

1. Optional: Apply for the Trust Link Credit Card if you want the credit card function (use code V1WB7T8A)
2. Apply for a Trust Savings Account through the Trust app (instant approval, no minimum balance, monthly fee or lock-in period)
3. Deposit money into your Savings Account
4. Pair your Trust Link Card with your Savings Account before any ATM withdrawals (withdrawn cash amount will be automatically deducted from your Savings Account)
5. Select Savings Account on the ATM screen (i.e. not Current Account, not Credit Card, not Cash Advance) and complete your withdrawal.

The Trust Link Card comes with other unappealing benefits like 0.22% cashback on general spending and 0.5% cashback on FairPrice Group spending.

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💸 Annual fee
No annual fee, ever

💼 Income requirement
S$30,000/year (S’porean/PR aged 55 and below),
S$15,000/year (S’porean/PR aged 56 and above),
S$60,000/year (Foreigner)

🤑 Foreign currency fee
No foreign currency fee

📜 Terms & conditions

🎁 Sign-up promo

Card rating ^{Suitesmile's overall rating of this card (out of 5), all things considered. This includes how it compares against alternative miles/cashback cards, its annual fee, and how easy (or hard) it is to achieve the advertised benefits.}:
Ease of use ^{A rating (out of 5 stars) of how easy it is to achieve the maximum earn rate and other benefits advertised by this card.}:
Minimum annual income:• S’porean/PR: S$15,000 – S$30,000 ^{S$30,000/year if aged 55 and below; S$15,000/year if aged 56 and above.}
• Foreigner: S$40,000Annual fee: S$196.20 (waived indefinitely)

 Get uncapped 0.5 – 1% cashback on foreign transactions, with no minimum spending (till 31 Dec 2026) ^{0.5% cashback in China and Europe, 1% cashback in other countries.}
 No foreign transaction fee

⚠️ “10% cashback” claim is impossible to achieve
⚠️ Minimum card spend of S$800 per statement month required for bonus cashback
⚠️ Get a maximum of 6.4% cashback on two bonus categories (but only if you meet the spending amounts exactly and spend exactly S$300 on other things):1) Local Online & Mobile Contactless (up to S$300)
2) Selected Gym, Telco & Streaming (up to S$200)⚠️ 0.3% cashback on non-bonus spending
⚠️ Selected Gym, Telco & Streaming category is MCC-sensitive

📄 Quick review

Mini review of the

UOB EVOL Card

Suitesmile rating:

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This card does not come with any foreign transaction fees and awards the following uncapped cashback on foreign transactions (until 31 Dec 2026):

1. China & Europe: 0.5% cashback
2. Other countries: 1% cashback

Cardholders can also get up to 6.4% cashback on the following categories, when spending at least S$800 on the card in a statement month:

1. Local Online (SGD), Mobile Contactless (Google Pay, Apple Pay)
2. Selected Gym, Telco and Streaming

Although UOB advertises “up to 10% cashback”, the cashback amount is capped at S$30 for the first category (S$300 worth of spending), and S$20 for the second category (S$200 worth of spending). And unfortunately, “other” spending only earns 0.3% cashback.

In other words, after spending S$300 + S$200 on the bonus categories, cardholders will need to spend at least S$300 more to meet the minimum spend of S$800, and earn just 0.3% cashback on that amount. In this best-case scenario where you spend the exact amounts, you’d receive 6.4% cashback.

This card’s key feature is foreign currency spending (no FX fees + uncapped 0.5-1% cashback with no min. spend), and since it’s not connected to the confusing and misleading “10% cashback” benefit, you can (and probably should) safely ignore the latter.

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💸 Annual fee
S$196.20
(waived indefinitely)

💼 Income requirement
S$30,000/year (S’porean/PR aged 55 and below),
S$15,000/year (S’porean/PR aged 56 and above),
S$40,000/year (Foreigner)

🤑 Foreign currency fee
0%

❓When cashback is credited
Cashback amount is credited into the card at the end of the following statement month.

📜 Terms & conditions

🎁 Sign-up promo

Card rating ^{Suitesmile's overall rating of this card (out of 5), all things considered. This includes how it compares against alternative miles/cashback cards, its annual fee, and how easy (or hard) it is to achieve the advertised benefits.}:
Ease of use ^{A rating (out of 5 stars) of how easy it is to achieve the maximum earn rate and other benefits advertised by this card.}:
Minimum annual income: S$30,000
Annual fee: No annual fee, ever

 Get 10% cashback on five bonus categories, up to S$200 per category, per statement month ^{The bonus categories are:
1) Beauty & wellness
2) Online shopping
3) Grocery
4) Pet shops and veterinary services
5) Cruise}

⚠️ Minimum card spend of S$800 per statement month required for bonus cashback
⚠️ Bonus categories are MCC-sensitive
⚠️ 0.2% cashback on non-bonus spending
⚠️ 3% foreign transaction fee

📄 Quick review

More information on the

CIMB Visa Signature Card

Suitesmile rating:

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✍️ Short summary

This card awards 10% cashback on 5 bonus categories, when you spend at least S$800 on the card in a statement month.

Monthly bonus cashback is capped at S$20 per category (S$200 worth of spending), so, the only way to truly earn 10% cashback is by spending on at least 4 bonus categories in a statement month.

Here are the 5 bonus categories:

1. Beauty & wellness
2. Online shopping
3. Grocery
4. Pet shops and veterinary services
5. Cruise

Get just 0.2% cashback on all other categories and if you fail to meet the minimum spending requirement.

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💸 Annual fee
No annual fee, ever

💼 Income requirement
S$30,000/year

🤑 Foreign currency fee
3%

❓How/When cashback is credited
Cashback will be credited by the following statement month.

📜 Terms & conditions

🎁 Sign-up promo

Card rating ^{Suitesmile's overall rating of this card (out of 5), all things considered. This includes how it compares against alternative miles/cashback cards, its annual fee, and how easy (or hard) it is to achieve the advertised benefits.}:
Ease of use ^{A rating (out of 5 stars) of how easy it is to achieve the maximum earn rate and other benefits advertised by this card.}:
Minimum annual income: S$120,000
Annual fee: No annual fee, ever

 Get 3 free airport lounge visits per card membership year ^{Get 3 free airport lounge visits worldwide via DragonPass. Entitlement can be used for lounges, restaurants and spas, for the principal cardholder only. Supplementary cardholders do not have any airport lounge entitlement.}
 Get 2% cashback on flights, hotels and foreign currency spending
 Uncapped earn rates

⚠️ Minimum card spend of S$2,000 per statement month required for bonus cashback
⚠️ Bonus category is MCC-sensitive
⚠️ Low earn rate on non-bonus spending (spend with better cashback cards)
⚠️ 3% foreign transaction fee

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More information on the

CIMB Visa Infinite Card

Suitesmile rating:

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✍️ Short summary
This card gives you uncapped 1% cashback on almost everything.

Cardholders can also receive a bonus 1% cashback (total 2%) on travel-related (e.g. flights, hotels, travel agencies) and foreign currency spending when they spend at least S$2,000 per statement month.

Cardholders are also entitled to 3 free airport lounge visits (via DragonPass) per card membership year.

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💸 Annual fee
No annual fee, ever

💼 Income requirement
S$120,000/year

🤑 Foreign currency fee
3%

❓How/When cashback is credited
1% base cashback will be credited within the same statement month, while the +1% additional cashback will be credited by the following statement month.

📜 Terms & conditions

🎁 Sign-up promo

Card rating ^{Suitesmile's overall rating of this card (out of 5), all things considered. This includes how it compares against alternative miles/cashback cards, its annual fee, and how easy (or hard) it is to achieve the advertised benefits.}:
Ease of use ^{A rating (out of 5 stars) of how easy it is to achieve the maximum earn rate and other benefits advertised by this card.}:
Minimum annual income: S$30,000
Annual fee: No annual fee, ever

 Get 2% cashback on dining, food delivery, ride-hailing, automotive shops and luxury goods
 Uncapped earn rates

⚠️ Minimum card spend of S$1,000 per statement month required for bonus cashback
⚠️ Bonus categories are MCC-sensitive
⚠️ Low earn rate of 1% cashback on non-bonus spending (spend with better cashback cards)
⚠️ 3% foreign transaction fee

📄 Quick review

More information on the

CIMB World Mastercard

Suitesmile rating:

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✍️ Short summary

This card gives you uncapped 1% cashback on almost everything.

Cardholders can also receive a bonus 1% cashback (total 2%) on dining, food delivery, ride-hailing, automotive shops, luxury goods, movies and selected streaming services when they spend at least S$2,000 per statement month.

Aside from potentially large automobile or luxury goods spending (over S$5,000), the CIMB World Mastercard offers very low earn rates. Consider spending with better cashback credit cards instead.

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💸 Annual fee
No annual fee, ever

💼 Income requirement
S$30,000/year

🤑 Foreign currency fee
3%

❓How/When cashback is credited
Cashback will be credited by the following statement month.

📜 Terms & conditions

🎁 Sign-up promo

Card rating ^{Suitesmile's overall rating of this card (out of 5), all things considered. This includes how it compares against alternative miles/cashback cards, its annual fee, and how easy (or hard) it is to achieve the advertised benefits.}:
Ease of use ^{A rating (out of 5 stars) of how easy it is to achieve the maximum earn rate and other benefits advertised by this card.}:
Minimum annual income:• S’porean/PR: S$15,000 – S$30,000 ^{S$30,000/year if aged 55 and below; S$15,000/year if aged 56 and above.}
• Foreigner: S$40,000Annual fee: No annual fee, ever

 Get uncapped 0.5 – 1% cashback on foreign transactions, with no minimum spending (till 31 Dec 2026) ^{0.5% cashback in China and Europe, 1% cashback in other countries.}
 No foreign transaction fee

⚠️ Minimum card spend of S$800 per statement month required for bonus cashback
⚠️ “12% cashback” claim is impossible to achieve
⚠️ Get a maximum of 7.59% cashback on two bonus categories (but only if you meet the spending amounts exactly and spend exactly S$250 on other things):1) Singtel/GOMO spending (up to S$250)
2) Local Online & Mobile Contactless (up to S$300)⚠️ 0.3% cashback on non-bonus spending

📄 Quick review

Mini review of the

Singtel-UOB Card

Suitesmile rating:

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This card does not come with any foreign transaction fees and awards the following uncapped cashback on foreign transactions (until 31 Dec 2026):

1. China & Europe: 0.5% cashback
2. Other countries: 1% cashback

Cardholders can also get up to 7.59% cashback on the following categories, when spending at least S$800 on the card in a statement month:

1. Singtel & GOMO spending
2. Local Online (SGD), Mobile Contactless (Google Pay, Apple Pay)

Although UOB advertises “up to 12% cashback” as a card benefit, the 12% cashback amount is capped at just S$30 for the first category (S$250 worth of spending), and 10% cashback capped at S$30 for the second category (S$300 worth of spending). Unfortunately, “other” spending only earns 0.3% cashback.

In other words, after spending S$250 + S$300 on the bonus categories, cardholders will need to spend at least S$250 more to meet the minimum spend of S$800, and earn just 0.3% cashback on that amount. In this best-case scenario where you spend the exact amounts, you’d receive 7.59% cashback. And let’s be real, who spends S$250 on telco bills these days?

There is no other way to put it, this card is just not worth it.

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💸 Annual fee
No annual fee, ever

💼 Income requirement
S$30,000/year (S’porean/PR aged 55 and below),
S$15,000/year (S’porean/PR aged 56 and above),
S$40,000/year (Foreigner)

🤑 Foreign currency fee
0%

❓When cashback is credited
Cashback amount is credited into the card at the end of the following statement month.

📜 Terms & conditions

🎁 Sign-up promo