Trust Bank’s credit cards now offer up to 15% cashback on your preferred spending category and 1% unlimited instant cashback on all other eligible spend — with no annual fee, no minimum spend, and instant digital approval via SingPass. The Trust Cashback Card is the standout pick for everyday spending in Singapore, while the NTUC Link Credit Card gives up to 21% rewards at FairPrice Group stores.
Not financial advice. All figures are for educational reference only. Data as at June 2026 unless noted.
- Trust Cashback Card: up to 15% cashback on a preferred category + 1% on all other spend — no annual fee, no minimum spend
- NTUC Link Credit Card: up to 21% rewards at FairPrice — best for regular FairPrice shoppers
- Use referral code HTWYQP95 when signing up to get a scratch card worth S$5–S$1,000
- Trust Cashback Card: Updated 2026 Features
- How the Preferred Category Cashback Works
- NTUC Link Credit Card Features
- Trust Link Credit Card Features
- Comparison: All Three Trust Bank Cards
- How to Apply (With Referral Code)
- Income Requirements & Eligibility
- Current Promo: June 2026
- Trust Bank vs Competitors
- Pros and Cons
- Who Should (and Shouldn’t) Get This Card
- Frequently Asked Questions
Trust Cashback Card: Updated 2026 Features
Trust Bank overhauled its cashback structure in early 2026, and the card is now significantly more rewarding than before. The old system gave you 0.5% or 1.5% flat cashback depending on your savings balance. The new structure is more generous and more flexible.
Here’s how it works now. You earn 1% instant cashback on all eligible spending with no cap and no conditions. On top of that, you pick one preferred category — dining, shopping, travel, wellness, transport, or entertainment — and earn up to 15% bonus cashback on spending in that category, capped at S$250 per quarter.
You can change your preferred category every quarter, which is handy if your spending patterns shift. For example, pick “travel” in Q3 when you’re planning holidays, then switch to “dining” in Q4 for the festive season.
The 1% unlimited cashback alone makes this one of the best no-fee cards in Singapore. For context, if you spend S$2,000 a month, that’s S$240 a year in cashback — and you haven’t even factored in the preferred category bonus yet. If a chunk of that spending falls into your preferred category, your effective cashback rate climbs well above 1%.
Cashback is credited automatically to your Trust Bank savings account. No redemption, no points conversion — just real cash. The card runs on the Visa network, supports Apple Pay and Google Pay, and you can start spending within minutes of approval using a virtual card.
How the Preferred Category Cashback Works
This is the headline feature that sets the Trust Cashback Card apart from most competitors. Here’s the breakdown:
| Category | Bonus Cashback | Cap | Plus Base |
|---|---|---|---|
| Dining | Up to 15% | S$250/quarter | 1% unlimited |
| Shopping | Up to 15% | S$250/quarter | 1% unlimited |
| Travel | Up to 15% | S$250/quarter | 1% unlimited |
| Wellness | Up to 15% | S$250/quarter | 1% unlimited |
| Transport | Up to 15% | S$250/quarter | 1% unlimited |
| Entertainment | Up to 15% | S$250/quarter | 1% unlimited |
| All other spending | — | No cap | 1% unlimited |
Source: Trust Bank Singapore, June 2026. Actual cashback earned varies depending on spend criteria met.
The S$250 quarterly cap on the preferred category means you’ll max it out once you’ve earned S$250 in bonus cashback for that quarter. After that, your spending in that category still earns the base 1%. For most people who spend S$500–S$1,500 a month in their top category, this cap is generous enough.
One thing to note: the actual cashback percentage you earn in your preferred category depends on the specific spend criteria you meet. The 15% figure is the maximum — your effective rate may be lower depending on your spending pattern. However, even at lower tiers, the preferred category bonus stacks on top of the 1% base, making this card very competitive.
NTUC Link Credit Card: Up to 21% Rewards at FairPrice
If you do a significant portion of your grocery shopping at FairPrice, the NTUC Link Credit Card deserves a serious look. This co-branded card with NTUC Link offers up to 21% in rewards at FairPrice Group stores — FairPrice, FairPrice Finest, FairPrice Xtra, and Warehouse Club.
The rewards come as a combination of LinkPoints, FairPrice vouchers, and promotional bonuses. The base earn rate at FairPrice is already strong, and it stacks with NTUC member benefits. Outside of FairPrice, the card still earns LinkPoints on general spending, though at a lower rate.
Like the Cashback Card, there’s no annual fee and no minimum spend. If you regularly spend S$500 or more a month at FairPrice, this card will likely give you more value than the Cashback Card for that portion of your spending. For everything else, many people pair this with the Trust Cashback Card since you can hold multiple Trust Bank cards.
Trust Link Credit Card: For NTUC Members
The Trust Link Credit Card is the third option in the lineup. It earns LinkPoints on general spending with boosted rates at FairPrice Group stores — up to 8% in LinkPoints. This card is best for NTUC union members deeply embedded in the LinkPoints ecosystem.
For most people, the Trust Cashback Card (for general spending) or the NTUC Link Credit Card (for FairPrice shoppers) will be the better choice. The Trust Link Card occupies a niche.
Comparison: Trust Cashback vs NTUC Link vs Trust Link
| Feature | Trust Cashback Card | NTUC Link Credit Card | Trust Link Credit Card |
|---|---|---|---|
| Annual Fee | None, forever | None, forever | None, forever |
| Min. Spend | No minimum | No minimum | No minimum |
| Reward Type | Cash rebate | LinkPoints + FairPrice vouchers | LinkPoints |
| General Spend | 1% unlimited cashback | Base LinkPoints | Base LinkPoints |
| Best Rate | Up to 15% (preferred category) | Up to 21% (FairPrice) | Up to 8% (FairPrice) |
| FX Fee | None | None | None |
| Card Network | Visa | Visa | Visa |
| Best For | General everyday spend | FairPrice shoppers | NTUC union members |
Source: Trust Bank Singapore, June 2026
Which should you pick? For the simplest, most flexible card — go with the Trust Cashback Card. If you spend S$500 or more a month at FairPrice, the NTUC Link Credit Card gives you significantly more value on those purchases. The Trust Link Card only makes sense if you’re an active NTUC member who relies heavily on LinkPoints.
How to Apply for a Trust Bank Credit Card
The application process is fully digital and takes about 5 minutes. Here’s how:
- Download the Trust Bank app from the App Store or Google Play
- Create a Trust Bank account if you don’t have one — verify your identity via SingPass Myinfo (no paperwork needed)
- Enter referral code HTWYQP95 during sign-up to receive a scratch card worth S$5–S$1,000
- Navigate to the Credit Card section in the app and choose your card
- Submit your application — most applicants get a decision within minutes
- Start spending immediately — your virtual card is added to Apple Pay/Google Pay right away. Physical card arrives in 5–7 business days
For full referral code details and current promotions, see our Trust Bank referral code page. If you’re also interested in separate referral credit card pages, check the Trust Bank credit card referral code page for the latest sign-up bonuses.
Income Requirements & Eligibility
Trust Bank credit cards have relatively accessible income requirements compared to traditional banks:
| Requirement | Details |
|---|---|
| Minimum Age | 21 years old |
| Residency | Singapore Citizen or Permanent Resident |
| Minimum Annual Income | S$30,000 |
| Verification | SingPass Myinfo (fully digital, no documents) |
| Approval Time | Minutes (most applicants) |
| FX Transaction Fees | None |
Source: Trust Bank Singapore, June 2026
For comparison, many traditional bank credit cards require S$30,000–S$120,000 in annual income depending on the card tier. Trust Bank’s S$30,000 threshold matches entry-level cards from DBS, UOB, and OCBC — but without the annual fees those cards typically charge. If you’re looking to optimise your broader financial plan alongside your credit card strategy, our Singapore retirement calculator can help you see the bigger picture.
Current Promo: June 2026
Trust Bank regularly runs promotions for new cardholders. As of June 2026, new-to-Trust customers who sign up with a referral code and make one qualifying spend within 30 days of card approval receive a scratch card worth up to S$1,000 (minimum S$5).
There are also periodic stamp card campaigns — for instance, the June 2026 referral stamp card programme gives referrers S$50 in FairPrice e-vouchers per successful referral, up to a maximum of 20 stamps (S$1,000 total). Both the referrer and the new sign-up benefit.
To use a referral code, enter HTWYQP95 during sign-up in the Trust Bank app. Your friend needs to be completely new to Trust Bank — no existing or previously cancelled accounts qualify.
For the most current promo details, check our Trust Bank referral code page which we update monthly.
Trust Bank Credit Card vs Competitors
How does the Trust Cashback Card stack up against other popular cashback credit cards in Singapore? Here’s a detailed comparison:
| Feature | Trust Cashback | UOB One Card | SC Simply Cash | OCBC 365 | DBS Live Fresh |
|---|---|---|---|---|---|
| Annual Fee | None, forever | S$192.60* | S$192.60* | S$192.60* | S$192.60* |
| Min. Spend | None | S$500/month | None | S$800/month | S$600/month |
| Max Cashback | 15% preferred + 1% all | Up to 10% | Up to 1.5% | Up to 6% | Up to 5% |
| Cashback Cap | S$250/qtr (pref. cat.); base uncapped | S$300/quarter | S$25/month | S$80/month | S$20/month |
| Conditions | Select preferred category | Salary credit + GIRO + min spend | None | Min S$800 spend | Min S$600 spend |
| FX Fee | None | ~3.25% | ~3.25% | ~3.25% | ~3.25% |
| Best For | No-fuss cashback + overseas | High spenders with UOB salary | Low spenders | Dining & groceries | Online shopping |
Source: Respective bank websites, June 2026. *Annual fee typically waivable on request. Rates and conditions may change.
The Trust Cashback Card’s biggest advantage is simplicity combined with genuine value. You don’t need to hit minimum spend thresholds, maintain salary crediting, or juggle GIRO payments to unlock the best rates. Just pick your preferred category and spend normally.
However, if you’re a high spender who doesn’t mind complexity, the UOB One Card can deliver up to 10% cashback with the right setup. The OCBC 365 gives up to 6% on dining and groceries specifically. These cards reward effort — Trust Bank rewards simplicity.
One underrated advantage: Trust Bank charges no foreign transaction fees. Most traditional bank credit cards charge around 3.25% on overseas or foreign-currency transactions. If you spend S$500 overseas per trip, that’s S$16.25 saved each time. For frequent travellers, this adds up quickly. For more travel card options, see our comparison of the best travel credit cards in Singapore.
For most Singaporeans spending S$1,000–S$3,000 a month who don’t want to micromanage their credit card strategy, the Trust Cashback Card is hard to beat. If you’re also building a broader investment portfolio alongside your savings, our passive income Singapore guide covers how to put your cashback savings to work.
Pros and Cons of Trust Bank Credit Cards
Pros
- No annual fee, forever — unlike traditional bank cards that charge S$190+ and require annual waiver calls
- No minimum spend — earn rewards from the very first dollar
- Up to 15% on preferred category — genuinely competitive with traditional bank category-specific cards
- 1% unlimited cashback on everything else — no cap on the base rate
- No foreign transaction fees — saves you ~3.25% on overseas spending compared to most bank cards
- Instant digital card — use via Apple Pay or Google Pay immediately after approval
- SingPass approval — no paperwork, usually instant decisions
- Flexible category selection — change your preferred category every quarter
Cons
- Preferred category cap of S$250/quarter — high spenders in one category will hit this relatively quickly
- Lower ceiling in specific categories — UOB One (10%), OCBC 365 (6% dining) can offer higher rates if you meet their conditions
- No airport lounge access or travel insurance — no premium card perks
- Singapore citizens and PRs only — not available to foreigners on Employment Pass or Work Permit
- EIR changes from July 2026 — personalised interest rates ranging from 18.9% to 29.9% p.a. based on credit behaviour (affects revolving balance users)
- Relatively new bank — Trust Bank (backed by Standard Chartered and FairPrice Group) launched in 2022
If you’re exploring other digital bank options, check out MariBank for savings products, or GXS Bank for their savings and lending. For the Trust Bank savings account specifically, see our Trust Bank referral code page.
Who Should (and Shouldn’t) Get This Card
The Trust Cashback Card is ideal if you:
- Want a simple, no-fuss cashback card with no fees or conditions to manage
- Spend S$500–S$3,000 a month and don’t want to optimise across multiple cards
- Travel overseas regularly and want to avoid the 3.25% FX markup on traditional cards
- Are just starting out with credit cards and want something straightforward
- Have a clear dominant spending category (dining, shopping, travel) you can assign for the 15% bonus
Consider alternatives if you:
- Spend over S$3,000/month and want to maximise every dollar — traditional bank cards with tiered cashback may give you more, albeit with more effort
- Need premium travel perks like airport lounge access, travel insurance, or concierge — you’ll need a Citi Prestige, AMEX, or similar premium card
- Want SRS or CPF investment integration — Trust Bank doesn’t currently offer investment accounts, so platforms like Syfe or Endowus complement it well
- Carry a revolving balance — the new personalised EIR (18.9%–29.9%) means interest charges can be steep
Frequently Asked Questions
What is the Trust Bank credit card cashback rate in 2026?
Is there an annual fee for Trust Bank credit cards?
What is the Trust Bank credit card referral code?
How do I apply for a Trust Bank credit card?
What is the minimum income to apply for a Trust Bank credit card?
Does Trust Bank credit card charge foreign transaction fees?
How does Trust Bank credit card compare to UOB One Card?
Can I use a Trust Bank credit card overseas?
Disclaimer: The Kopi Notes may earn a referral fee when you sign up using the code HTWYQP95. This does not affect the reward you receive. All information is accurate as at June 2026 — always verify current rates and promotions with Trust Bank directly before making financial decisions.
This article was researched with the help of AI. While we strive to keep all information accurate and up to date, there may be errors. If you notice any discrepancies, please contact us.
