Best No Annual Fee Credit Cards Singapore (2026): MariBank, Trust Bank, HSBC & More
Updated June 2026 | Digital Banks | The Kopi Notes
The best no annual fee credit cards in Singapore in 2026 include MariBank (1.5% unlimited cashback), Trust Bank (up to 15% cashback at FairPrice), HSBC Revolution (4 mpd on contactless and online spend, permanently), and CIMB Visa Signature (10% cashback on selected categories). All four are free for life — no annual fee, no waiver needed, no minimum spend to avoid fees.
Not financial advice. All figures are for educational reference only. Data as at June 2026 unless noted.
- Singapore has 6+ genuinely free-for-life credit cards — no annual fee ever, not just “waived”
- Best cashback: Trust Bank (15% at FairPrice), CIMB Visa Signature (10% selected categories), MariBank (1.5% flat, no cap)
- Best miles: HSBC Revolution (4 mpd contactless/online, now permanent from April 2026)
Most Singaporeans know about the big bank credit card deals — DBS, UOB, OCBC. But those cards often come with annual fees of S$180–S$320 per year. You either pay the fee, or you call in to waive it. It’s an annual hassle.
A growing number of cards now skip the fee entirely. Not waived — permanently free, for life. That matters if you hate admin or simply want a card that’s always free to keep.
In this guide, I compare the top no annual fee credit cards in Singapore for 2026 — covering cashback, miles, and category cards. I’ll also show you exactly how much cashback you can realistically earn on a typical S$2,000/month spend.
What Does “No Annual Fee” Actually Mean?
In Singapore, “no annual fee” comes in two flavours. You need to know the difference before you apply.
Annual fee waived means the bank charges an annual fee in principle, but waives it if you meet a condition — usually a minimum spend of S$3,000–S$10,000 per year. Miss the spend threshold, and you get charged S$180–S$320. You also have to call or request the waiver each year. Some banks make this easy; others make it annoying.
Free for life (no annual fee ever) means the bank never charges an annual fee, full stop. No conditions, no calls, no thresholds. These are the cards this guide focuses on.
The cards in this guide are all genuinely free for life as at June 2026. No waiver required, no minimum spend to avoid the fee.
Best No Annual Fee Cashback Cards in Singapore (2026)
Source: Individual bank websites, June 2026. HSBC Revolution rate shown as cashback equivalent (4 mpd × ~1.5¢/mile = ~2.5%). Trust Bank 15% applies to preferred category at FairPrice/Cheers. CIMB 10% on selected categories with monthly cap.
1. MariBank Credit Card — Best Flat Cashback (No Cap)
MariBank is Singapore’s digital bank owned by Sea Limited (the company behind Shopee). Its credit card is one of the simplest in Singapore: 1.5% cashback on all local SGD spend, 1.5% on overseas spend up to S$1,500 per month, and zero FX fees.
No category restrictions. No minimum monthly spend. No cap on local cashback. You earn 1.5% on your HDB conservancy fee, your groceries, your weekend dinner — everything.
You get the MariBank referral code 2DCT80WQ when you sign up — currently worth a welcome cash bonus for new users.
Best for: People who want simplicity. If you spend across many categories and don’t want to track bonus categories or caps, MariBank gives you consistent 1.5% on everything.
2. Trust Bank Credit Card — Best Cashback for FairPrice Shoppers
Trust Bank is backed by Standard Chartered and NTUC FairPrice Group. Its credit card earns cashback in three tiers depending on your chosen preferred category (groceries, dining, transport, or petrol).
At FairPrice and Cheers, the cashback is extraordinary: up to 15% on your preferred category spend, with no annual fee. If your household runs through S$500/month at FairPrice, that’s S$900/year in cashback — more than enough to pay for a premium card.
Use the Trust Bank referral code HTWYQP95 when you sign up to get a welcome bonus.
Best for: Families who shop heavily at FairPrice, Cheers, or Unity pharmacies. The 15% cashback rate is one of the highest in Singapore, and it’s permanent with no annual fee.
3. Standard Chartered Simply Cash — Clean 1.5% on Everything
Standard Chartered’s Simply Cash card is exactly what the name suggests: a flat 1.5% cashback on all eligible spend, no minimum, no cap, no annual fee. It’s very similar to MariBank in terms of the earn structure, but it’s a traditional bank card (Visa network) if that matters to you for acceptance.
Best for: Those who want a traditional bank’s backing with MariBank-like simplicity.
4. CIMB Visa Signature — Best Category Cashback (10%)
The CIMB Visa Signature earns 10% cashback on online shopping, groceries, pet shops, and beauty/wellness services — all permanently, with no annual fee. There is a monthly cashback cap (S$20 per category, so S$80 total/month), which means it’s best as a secondary card for specific spending buckets.
If you spend S$200/month on online shopping and S$200/month on groceries, you’d earn S$40 in cashback from those two categories alone. That’s S$480/year from a free card.
Best for: Targeted high-cashback on online shopping and groceries, used alongside a flat cashback card for other spend.
5. OCBC INFINITY — 1.6% Flat with No Cap
OCBC’s INFINITY card earns 1.6% cashback on all eligible spend — slightly higher than MariBank and SC Simply Cash — with no minimum spend and no monthly cap. No annual fee, permanently.
Best for: Those who want the highest flat cashback rate without any conditions. The 0.1% edge over MariBank adds up on large monthly spend.
Best No Annual Fee Miles Card: HSBC Revolution
For miles collectors, the HSBC Revolution is the standout no annual fee card in Singapore in 2026. From 1 April 2026, HSBC made 4 miles per dollar (mpd) permanent on eligible contactless payments and online spend — covering dining, shopping, ride-hailing, entertainment, and travel bookings.
Previously this was a promotional rate. Now it’s permanent, making the HSBC Revolution arguably the best everyday miles card in Singapore regardless of fee status — and it carries no annual fee.
There is a monthly earn cap: you earn bonus points on up to S$1,000 of eligible spend per month (standard tier). Above that, you drop to base rate. So the HSBC Revolution is ideal for the first S$1,000/month of targeted online and contactless spend, combined with another card for the rest.
Best for: Miles collectors who want a free card for everyday spending. Pair it with a paid premium card for higher spends.
Digital Bank Credit Cards: MariBank, Trust Bank & GXS
Singapore’s three MAS-licensed digital banks — MariBank, Trust Bank, and GXS — all offer credit or debit products with no annual fee. Here’s how they compare:
| Bank | Card Type | Cashback Rate | Annual Fee | Best For |
|---|---|---|---|---|
| MariBank | Credit Card | 1.5% (flat, uncapped) | Free for life | All spend, no fuss |
| Trust Bank | Credit Card | Up to 15% (FairPrice) | Free for life | FairPrice shoppers |
| GXS Bank | Debit Card | Grab rewards | Free for life | Grab ecosystem users |
Source: MariBank, Trust Bank, GXS Bank websites, June 2026.
GXS Bank doesn’t offer a credit card as at June 2026 — only a Visa debit card that earns Grab rewards. Use GXS referral code YONG477 when signing up for the GXS account bonus.
If you want a full review of MariBank’s features, check out our MariBank Review Singapore 2026.
All No Annual Fee Cards — Side-by-Side Comparison
| Card | Earn Rate | Monthly Cap | Annual Fee | Min Spend | Network |
|---|---|---|---|---|---|
| MariBank Credit Card | 1.5% flat | None (local) | $0 always | None | Mastercard |
| Trust Bank Credit Card | Up to 15% (FairPrice) | Category cap | $0 always | None | Mastercard |
| HSBC Revolution | 4 mpd (contactless/online) | S$1,000/month | $0 always | None | Visa Signature |
| CIMB Visa Signature | 10% (online, groceries, pet, wellness) | S$20/category | $0 always | None | Visa |
| SC Simply Cash | 1.5% flat | None | $0 always | None | Mastercard |
| OCBC INFINITY | 1.6% flat | None | $0 always | None | Mastercard |
Source: Bank websites, June 2026. Rates subject to change.
How Much Will You Actually Earn? (S$2,000/month Spend)
Source: Bank websites, June 2026. Calculations assume S$2,000/month total spend. Trust Bank figure assumes majority of spend at FairPrice. HSBC figure assumes S$1,000/month online/contactless spend × 4 mpd at 1.5¢/mile.
Here’s a worked example for a typical Singaporean household spending S$2,000/month across groceries, dining, transport, and online shopping:
| Card | Monthly Cashback | Annual Cashback | Notes |
|---|---|---|---|
| MariBank (1.5%) | S$30 | S$360 | All spend, no cap |
| SC Simply Cash (1.5%) | S$30 | S$360 | All spend, no cap |
| OCBC INFINITY (1.6%) | S$32 | S$384 | Highest flat rate |
| HSBC Revolution (4 mpd) | S$50 (miles value) | S$600 | S$1k online/contactless only |
| CIMB Visa Sig (10% cat) | S$40 | S$480 | S$400 in 4 categories × 10% |
| Trust Bank (FairPrice) | S$75 | S$900 | S$500/month at FairPrice × 15% |
Source: The Kopi Notes calculations based on bank rates, June 2026. HSBC miles valued at 1.5¢/mile. Trust Bank figure assumes S$500/month at FairPrice as preferred category at 15%.
The numbers show why your choice depends heavily on your spending pattern. Trust Bank is unmatched if you shop at FairPrice. HSBC Revolution wins if you do a lot of online spending and want miles. For everyone else, OCBC INFINITY’s 1.6% flat beats the 1.5% alternatives by a small but real margin.
Which No Annual Fee Card Is Right for You?
Here’s a simple decision framework:
You shop at FairPrice weekly → Trust Bank Credit Card. Nothing comes close to 15% cashback at Singapore’s largest supermarket chain.
You want simplicity above all → MariBank or OCBC INFINITY. Flat cashback, no caps, no categories to track. MariBank also wins on overseas spend with 0% FX fees.
You collect air miles → HSBC Revolution for your first S$1,000/month of online and contactless spend. Stack with a paid miles card above S$1,000.
You spend heavily on online shopping and groceries → CIMB Visa Signature for the 10% cashback on those categories, plus a flat cashback card for everything else.
You’re new to credit cards or just want one card → MariBank. It’s from a digital bank, approval is straightforward, there’s no annual fee, and 1.5% on everything is genuinely good. Read our guide on what MariBank is to understand the full product before applying.
For travel-specific cards, check our Best Travel Credit Card Singapore 2026 guide which covers GXS, Trust Bank, and MariBank’s overseas spend benefits in detail.
If you’re building your financial plan more broadly, our Singapore retirement calculator can help you model how your savings and investment returns translate to a retirement income — a useful perspective for deciding how hard to optimize credit card rewards.
For growing your savings alongside your credit card spend, also consider the MariBank Review 2026 — MariBank offers both a competitive credit card AND a savings account with market-leading rates.
Frequently Asked Questions
Which credit card in Singapore has no annual fee for life?
Is HSBC Revolution really free for life?
Does MariBank Credit Card have an annual fee?
What is the best cashback credit card with no annual fee in Singapore?
Can foreigners apply for no annual fee credit cards in Singapore?
Is it worth getting a no annual fee card if I already have a premium card?
Does Trust Bank Credit Card have an annual fee?
Disclaimer: This article is for informational and educational purposes only. It does not constitute financial advice. Credit card rates, terms, and conditions are subject to change. Always verify current offers directly with the card issuer before applying. The Kopi Notes may receive referral bonuses when you use our referral codes — this does not affect our editorial independence. Data as at June 2026.
