Best No-Frills Unlimited Cashback Credit Cards with No Minimum Spend

1 people like this

Rating: 5.0/5.0 (1 Reviews)

Last updated on 2024-11-01

1. What are No-Frills Cashback Credit Cards?

2. Which Cashback Credit Cards have No Minimum Spend?

3. How to Choose a No-Frills Cash Back Credit Card?

4. What is the Best No-Frills Cashback Credit Card with No Minimum Spend?

What are No-Frills Cashback Credit Cards?

No-frills Cash Back Credit Cards are credit cards that offer a fixed cashback for all purchases without any minimum spend requirements. Some of these no-frills cash back credit cards also award unlimited cash back as an additional benefit for cardholders. No-frills cash back credit cards are ideal for everyday general spend or large purchases and are most suitable for cardholders who want to be rewarded with cash back for their purchases but not be faced with the pressure of any spending requirements. The main disadvantage of most no-frills cash back credit cards is their low cashback rates as compared to category-based or tiered-based cash back credit cards. The list below shows the list of no-frills cashback credit cards in Singapore.

Which Cashback Credit Cards have No Minimum Spend?

How to Choose a No-Frills Cash Back Credit Card?

Having looked hard (like really, really hard) into this list of no-frills cashback credit cards, we have concluded that it is almost impossible to pick the best no-frills cashback credit card simply by the cashback rate as the difference in cashback of 0.5% to 1% will certainly not make a cardholder become significantly richer from that extra cashback gained from picking one credit card over the other.

Here are some factors to consider when choosing a no-frills credit card from the list. American Express and UnionPay Credit Cards are not as commonly accepted as Visa or MasterCards and might not serve the purpose of being an everyday general spend card. American Express, UOB, Standard Chartered Bank and even Maybank have regular tie-ups with many online and offline merchants for discounts and promotions and their credit cards could come in handy when you need them for such card-related discounts. The cards listed here are generally entry-level credit cards which mean a minimum salary of $30,000 a year but the Visa Infinite Cards listed are actually targeted at higher income earners of minimum salary of $120,000 a year and comes with extra benefits like lounge access and complimentary travel insurance. These perks might be nice to have but not neccessary useful when looking for a no-frills cashback credit card. Lastly, one can consider making use of Credit Cards with Sign Up Cashback Promotions to get extra cashback for signing up for the credit cards listed here although it could mean having to meet a minimum spend in order to qualify for the signup cashback.

What is the Best No-Frills Cashback Credit Card with No Minimum Spend?

Consumers who want a no-frills credit card with unlimited cashback can seriously consider the UOB Absolute Cashback Card which awards the highest base cashback of 1.7% cashback. The card comes with no restrictions for cashback indicating that one can spend on insurance, school fees, wallet top-ups, healthcare, utilities & telco bills or even rent to earn cashback. These categories are normally excluded from most cashback cards and is UOB way to stand out from the competition.