Eating well is one of the most central drivers of happiness in life, and it often involves dining out at restaurants and cafes. If you are looking for ways to make your meals more affordable, we think some of the cards we have reviewed below could be valuable in winning discounts and rewards. We’ve analyzed over 100 credit cards in Singapore to narrow down the list to a dozen. The best credit cards reward program will also depend upon your personal spending habits. To help you out we've compiled our list of the best dining rewards cards of 2017 as well as some tips tools to help you compare all your credit card options.
Table of Contents
- Our Top Dining Rewards Cards
- Comparison of Dining Credit Card Rewards by Dollar Value
Our Picks For the Best Dining Credit Cards in 2017
Below, we have featured credit cards that offer some of the best set of rewards on dining. No matter whether you'd like to earn cash back on your dining expenditures, avoid paying annual fees, or earn airline miles while you dine out, there's sure to be a credit card for you. Read further to see which card could be most appropriate for your circumstances.
Best Cashback Rewards on Dining and Groceries: Citi Cashback Credit Card
If you love eating well both in and out of home, Citi Cashback Credit Card, also known to some as Citi Dividend Card, could help you save a lot of money on all your meals. While it doesn’t cover some other major categories like entertainment, shopping and utility bills, Citi Cashback’s rebate rates on groceries, dining and Grab rides are some of the highest in the market at 8%. It also does not lose out to any card in terms of petrol cashback, offering a 21% discount.
Citi Cashback also has a decently high cap on monthly cashback at S$100 so you can maximize dollar you earn back. In our view, these factors make the Citi Cashback Credit Card one of the best cards for foodies. Currently, Citi is running a promotion that boosts your rebate on Grab to 20% until 6 July 2017 and petrol discount to 24.32% until 30 April 2017, with another S$190 in cash rebate and Grab credit for new customers.
Pros of Citi Cashback Card
- 8% cash back on grocery, dining
- 20% cash back on Grab rides until 6 July 2017 (8% thereafter)
- Up to 21% off on petrol (24.3% at Esso until 30 April 2017)
- Relatively high cashback cap of S$100 a month
- Promotion: S$120 cash rebate welcome gift + up to S$70 Grab credit
Cons of Citi Cashback Card
- High annual fee of S$192.6, first year waived
- Relatively high monthly minimum spend of $888 to qualify for maximum benefits
- All other retail expenditures not previously mentioned only receive 0.25% of rebate
Best Unlimited Cash Rebate Card for Daily Use: POSB Everyday Card
POSB Everyday Card is a decent card for moms to use every day in Singapore. POSB Everyday provides up to 20% of cashback on petrol, 5% on groceries, 9-14% on dining and 3% off at cosmetics and pharmaceutical needs at Watsons. Not only that, it also provides up to 1% rebate on monthly recurring bills and can even double up as an EZ-Reload card. The best part, though, is that POSB combines these rich rewards with no cap on cashback earned. These characteristics make it one of the best cashback cards in the market. Its annual fee is S$128.4 and POSB waivers the first year's fee, making the card quite affordable.
Pros of POSB Everyday Card
- Well rounded cash rebate program covering:
- Up to 20.1% discount on petrol at SPC
- 5% rebate on groceries at Sheng Siong
- Dining Rebate: 3% on weekdays, 9% on weekends and 14% on online food delivery (until 30 Sept 2017)
- Up to 1% rebate on monthly recurring bills like telco, SP services, cable TV and broadband (S$1 per month)
- Doubles up as a EZ-Reload card
- Also can be used as an ATM card for POSB banking customers
- No cap on cashback
- Promotion: S$100 cash rebate for new customers (S$70 for existing customers)
Cons of POSB Everyday Card
- None of the cash back rates are the best in the market, though decent
- S$700 monthly spend minimum
Highest Cashback on Dining Expense: CIMB Visa Signature Card
CIMB Visa Signature Card boasts the highest reward rate in Singapore on dining; we have not seen any card that matches its 10% cashback on dining expenses. CIMB Visa Signature Card offers admittedly offers a quite limited set of rewards outside of dining (only 0.2% cash rebate on general expenses), but it’s completely free of annual fee or minimum spend requirements. Furthermore, it could double up as a travel card due to its low foreign transaction fee of 1% and complimentary travel insurance. If you are looking to save more on your dining expenses, we highly recommend the CIMB Visa Signgature card.
The only caveat to this card is that its 10% rebate on dining is capped at S$60 a month and requires a monthly spend of S$500 and 8 monthly transactions worth S$30 each. However, this should not be a major problem for most people who go out for dinners and drinks once or twice a week.
Pros of CIMB Visa Signature Card
- No annual fee
- 10% cashback on dining
- 1% foreign exchange transaction fee
Cons of CIMB Visa Signature Card
- 0.2% cash rebate on everything else
- 10% cashback on dining is capped at S$60 per month & requires a monthly spend of S$500 and 8 monthly transactions worth S$30 each
Best Entertainment Rewards Cashback Card: UOB YOLO Card
The UOB YOLO Card is one of the newest cards in the market. YOLO stands for the popular phrase “You Only Live Once,” and UOB YOLO Card is targeted at young and trendy people who like to live it up. Its motto is “Eat. Drink. Play. Repeat" and the card correspondingly provides 8% cash rebate on weekend dining and entertainment. Not only that, UOB YOLO card also helps you save 3% on all your online fashion and travel transactions. Lastly, UOB YOLO Card is offering free Grab rides on every weekend from now until 31 Dec 2017, a potentially huge source of saving. Besides providing rich cash rebates and savings, UOB YOLO also provides awesome night life perks like priority que at the best clubs in Singapore and 1-for-1 specials at bars. If YOLO if your life motto, we think you will like this card.
Pros of UOB YOLO Card
- 8% cash rebate on weekend dining and entertainment (3% on weekdays) local and overseas
- 3% cash rebate on online fashion and travel transactions
- Free Grab rides every weekend Until 31 Dec 2017
- VIP perks like priority que and free access at best clubs in Singapore, 1-for-1 specials at bars and movie theaters
- Promotion: S$80 cash rebate for new customers
Cons of UOB YOLO Card
- High Annual fee of S$192.6, waived for the 1st year
- 0.3% cash rebate on everything else
- S$60 monthly cap on rebate
Best Cashback Card without Annual Fee: OCBC 365 Card
OCBC 365 Credit Card is a great card to use 365 days all year, just as the name suggests. Its well curated set of rewards on dining (6%), groceries (3%), petrol (22%), online shopping and utilities (3%) pretty cover most of people's everyday needs. While its awards on groceries may lag behind some of its competitors. OCBC 365 card is special in that it'll waiver its annual fee for an annual spend of only S$10,000. If you are an average family that enjoy both dining and dining out, this card will suit your lifestyle quite well.
Pros of OCBC 365 Card
- Annual fee waived for 2 years and subsequently waived for annual spend of only S$10,000
- Up to 6% on dining
- 3% on online shopping
- Up to 22.2% on petrol
- 3% on groceries
- 3% on recurring utility bills.
- Relatively high monthly cap on cashback of S$80
- Low minimum monthly spend of S$600 to enjoy full benefits
Cons of OCBC 365 Card
- Rebates for major categories like Grocery or Dining lag behind peers
- Relatively high annual fee of S$192.6 if you don’t get the waiver
Highest Flat Rate Cashback Card: UOB One Card
UOB One Card provides one of the highest flat rate cashbacks in the country. If you are able to monitor and manage your expenses on the card, you can maximize savings by using this card. Though somewhat complicated, UOB One Card can save you up to 5% on all of your expenditures as long as you spend just about S$2,000, S$1,000 or S$500 consistently every single month. Therefore, we think UOB One is suitable for people who have high visibility on their monthly expenses. This would most likely include families with large recurring or fixed expenditures like telecom bills or groceries.
Pros of UOB One Card
- Flat rate cashback of up to 5%, one of the highest in the market
- Up to 24% discount on petrol at SPC and Caltex
- Extra interest income of up to 3.33% on your UOB One Savings account
- High monthly cap on cashback at S$100
- Promotion: S$80 cash rebate for new customers
Cons of UOB One Card
- Relatively high annual fee of S$192.6 (waived for 1st year)
- High monthly spending requirement of up to S2,000 to qualify for high rewards
- Rather complicated to use to maximize rebate
Combination of Cashback and Miles: HSBC Visa Platinum Credit Card
While HSBC Visa Platinum Credit Card doesn't have the best reward on dining, it still is a great card to consider because it's so versatile. It compensates for its low 2% rebate on dining with an extremely high 5% cashback on monthly utility bills (the highest we've seen for this category), another respectable 5% cashback on groceries and 21% off on petrol. Not only that, HSBC Visa Platinum card is very unique in that it also earns you 0.4 miles for every S$1 you spend, and could double up as a travel card. Finally, the cherry on top is its 2-year fee waiver plus perpetual waiver with an annual spend of S$12,500 (about S$1,000 a month).
Pros of HSBC Visa Platinum Credit Card
- 5% cashback on grocery
- 5% cashback on utilities like cable, internet and mobile bills
- Up to 21% off on petrol at Shell and Caltex
- 0.4 miles for every S$1 you spend
- Promotion: Up to S$180 of cash back welcome bonus for new customers (up to S$100 for existing customers)
Cons of HSBC Visa Platinum Credit Card
- Only 2% cashback on dining
- S$800 monthly spend requirement to enjoy full benefit
- S$120 cap on quarterly cashback (S$40 a month)
Best No Fee Miles Card for Dining: HSBC Revolution Card
HSBC Revolution Card is a great credit card that saves you money on not only your dining expenses, but also on entertainment and online shopping expenditures: each of these three categories offers 2 miles for every S$1. Not only that, HSBC Revolution provides the same 16% off on petrol and 10% off on travel bookings so you can save extra. Together with the promotional welcome offer of S$180 of cash rebate for new customers, we think HSBC Revolution card can generate approximately S$1,990 of dollar value for its users over 2 years. Though it does charge an annual fee of S$160.5, this fee is waived for the first 2 years for everyone, and subsequently waived for those who maintain an annual expenditure of S$12,500 on the card.
Pros of HSBC Revolution Card
- Annual fee of S$160.5 is waived for 2 years, and then waived in subsequent years for those who spend S$12,500 per year (S$1,042 per month)
- 2 miles on online spend (shopping and travel bookings), dining, and entertainment
- 16% off on petrol at Caltex & Shell
- Up to 10% off on travel bookings online
- Promotion: Up to S$180 cash back welcome bonus for new customers (up to S$100 for existing customers)
Cons of HSBC Revolution Card
- Very low flat award rate of 0.4 miles per S$1 spend on everything outside of online, dining and entertainment
- Not many other perks to speak of (i.e. lounge access, airport limousine service, etc.)
A Side Note on HSBC Advance Card
If you are considering getting a HSBC Revolution Card and are a HSBC Advance customer, then we highly recommend getting a HSBC Advance Visa Platinum Card. It provides the exact same set of rewards as HSBC Revolution card, but it doubles the 2 miles per S$1 spent on online shopping, dining and entertainment expenses to 4 mile per S$1. It also is completely free to use, so it's one of the best deals one can have in Singapore. You can see here if you qualify for a HSBC Advance status.
Best Miles Credit Card for Moderate Spenders: Maybank Horizon Visa Signature Card
Upgraded from Platinum Visa to Visa Signature, Maybank Horizon Platinum Visa Card is an awesome miles credit card for people who want to avoid high annual fees. While its annual fee may seem high at S$150, it actually can be waived every year if you spend just S$1,500 on the card every month (S$18,000 per year). Maybank Horizon Platinum card is also a great card to earn rewards on your dining expenditures.
For every S$1 you spend on dining or on petrol, Maybank Horizon card will award 3.2 miles, which is practically one of the best deals we've seen for these two categories. You can also earn 2 to 3.2 miles per dollar on your travel bookings and on the money you spend overseas. By providing great mile award rates for your travel expense as well as your daily needs, Maybank Horizon helps you build up miles while saving up on the annual fee you would otherwise have to spend with other cards.
Pros of Maybank Horizon Visa Signature Card
- Low annual fee of S$180, which is waived with S$18,000 of annual spend
- 2 miles for S$1 spent on air tickets, travel packages and overseas
- 3.2 miles for every S$1 spent on petrol, dining and hotel bookings
- Only 1% foreign transaction fee, one of the lowest in the country
- Complimentary VIP airport lounge access
- Complimentary travel insurance
Cons of Maybank Horizon Visa Signature Card
- Only 0.4 miles for S$1 spent on everything else outside of travel, dining and petrol
Best Supplementary Cashback Card: ANZ Optimum World MasterCard Credit Card
ANZ Optimum World MasterCard Credit Card is unique in the market in that it allows you maximize savings on a category of your choice. Every quarter, you can pick from the four following options: dining & leisure, travel, shopping or groceries. Then, ANZ Optimum provides 5% cashback on that category during the quarter. ANZ Optimum also has no minimum spend requirement, making it an ideal supplementary card for other rewards cards you may have. While every other expenditure will only yield 1% rebate, ANZ Optimum provides the flexibility for cashback optimizers who are looking to maximize cashback on all of their monthly expenses.
Pros of ANZ Optimum World MasterCard Credit Card
- 5% cashback on a category of your choosing
- No cap on cashback
- No minimum spend requirement
- Promotion: Up to S$160 welcome bonus cash
Cons of ANZ Optimum World MasterCard Credit Card
- Relatively high annual fee of S$180, waived 1st year
- Only 1% cashback for categories outside of your choice
Best Miles Card for Luxury Dining Perks: OCBC Voyage Card
You shouldn't judge a book by its cover, but OCBC Voyage Card should be. Made with a special alloy, its unique look and style represent the rare combination of benefits OCBC has put together in this card. We think this card is an ideal choice for luxury diners or busy professionals who have the money to spend and are looking to earn miles quickly. Although it has a rather high annual fee of S$488, OCBC Voyage more than makes up for the fee with 2.3 miles award for S$1 spent on local dining and overseas. Not only that, it comes with various special deals at number of fine dining establishments in Singapore. Lastly, OCBC Voyage is the only card we have seen that allows you to redeem miles for any flight at any time, without a long process time or blacked out dates. We think this feature is perfect for young professionals who may not have much visibility into their schedule weeks in advance; OCBC Voyage will allow you to book your free flight last minute for that vacation you’ve been craving.
Pros of OCBC Voyage
- High miles award especially for dining, at 2.3 miles for S$1 spent overseas or on local dining, All other spend receives 1 mile per S$1 spent
- Flexible miles redemption program that allows you to book any flight you want at anytime
- Travel perks like unlimited VIP lounge access and free airport limo service
- Slick metal design
- Promotion: Welcome bonus of 15,000 miles and ability to buy 150,000 KrisFlyer Miles for S$3,210 (S$0.02 per mile)
Cons of OCBC Voyage
- High annual fee of S$488, no waiver
- Not as much luxury perks as other luxury cards like Citi Prestige MasterCard Credit Card or Standard Chartered Visa Infinite Card
Summary of Best Dining Rewards Credit Cards 2017
In case you want a quick look at our picks, here are ValuePenguin's best dining rewards credit cards for 2017.
|Dining Credit cards||Dining Reward||Annual Fee|
|CIMB Visa Signature||10%||S$0.0|
|Citibank Cashback Card||8%||S$192.6|
|UOB YOLO Card||8%||S$192.6|
|POSB Everyday Card||13% online, 9% weekends, 3% weekdays||$128.4|
|OCBC 365 Card||6%||S$192.6|
|UOB One Card||5%||S$192.6|
|Maybank Horizon Visa Signature Card||3.2 miles||S$180.0|
|HSBC Revolution Card||2 miles||S$160.5|
Best Dining Credit Cards by Dollar Value
To help you find the best dining credit card in Singapore, we have prepared a chart below organizing dining credit cards by their 2-year dollar value*. We have estimated an average Singaporean's monthly expenditure patterns through research to model out likely savings from credit cards, assuming an average person spends S$2,000 every month. However, you should remember that this estimate is an approximate value based on an estimate of the average consumer's spending habits, and may differ in actual result depending on your unique set of expenditures.
*ValuePenguin calculates the dollar value of rewards based on S$2,000 of monthly spending. We sum the value of points, miles and cashback in dollar terms and subtract the annual fee over a 24-month period. The estimates here are ValuePenguin's alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.