Trust Bank Credit Card 2026: Freedom Card Review & Golden Scratch Card Promo
Complete guide to Trust Bank’s new Freedom Card — stockback, cashback rates, $0 fees, and how to get up to S$8,000 with referral code HTWYQP95.
The Trust Bank credit card just got a major upgrade. On 13 August 2026, Trust renamed its Cashback Card to the Freedom Card and introduced three reward modes — including Singapore’s first stockback credit card. You still get $0 annual fees, $0 foreign transaction fees, and up to 15% bonus cashback. New sign-ups with referral code HTWYQP95 get a golden scratch card worth up to S$8,000.
Not financial advice. All figures are for educational reference only. Data as at August 2026 unless noted. Source: trustbank.sg.
- Trust Freedom Card: choose between 3% stockback, 1.5% unlimited cashback, or up to 15% bonus cashback — switch every quarter for free
- $0 annual fee, $0 FX fees, personalised interest rates from 18.9% p.a.
- Use referral code HTWYQP95 to get a golden scratch card with sure-win cashback from S$50 to S$8,000
Table of Contents
What Is the Trust Freedom Credit Card?
Trust Bank is a digital bank in Singapore backed by Standard Chartered and FairPrice Group. It launched in 2022 and has quickly become one of the most popular digital banks in Singapore.
On 13 August 2026, Trust rebranded its existing Cashback Card as the Trust Freedom Card. The big change? You now pick one of three reward modes each quarter — unlimited cashback, bonus cashback, or the brand-new stockback option. Your account number, credit limit, and card details stay the same.
The Freedom Card sits alongside the Trust Link Credit Card, which focuses on FairPrice Group savings and Linkpoints. You can hold both cards simultaneously, and a single payment covers the outstanding balance on both.
If you’ve been eyeing a no-annual-fee credit card with genuinely useful cashback and zero foreign transaction fees, the Freedom Card deserves a serious look. And with the current Golden Scratch Card promo running until 31 October 2026, the timing is hard to beat.
Three Reward Modes Explained
The Freedom Card’s defining feature is choice. Every quarter, you pick one of three reward modes. Switching is free — no penalty, no lock-in. Here’s how each mode works.
1. Unlimited Cashback
Earn up to 1.5% cashback on all eligible local spending. There’s no minimum spend and no cashback cap. Foreign spending earns 0.5%. This mode suits you if your spending is spread across many categories and you just want straightforward returns on everything.
2. Bonus Cashback
Pick one category and earn up to 15% cashback on spending in that category, capped at S$250 per quarter. Everything else earns up to 1% on local and 0.5% on foreign spending. This is ideal if you spend heavily in one area — say, dining, groceries, or transport.
3. Stockback
This is Singapore’s first stockback credit card. Instead of cash, you earn US stock gifts. Until 31 December 2026, you get 3% stockback on both local and foreign eligible spending, capped at S$500 per quarter. From 1 January 2027, it drops to 2% on local and 0.5% on foreign spending.
The stockback mode is particularly interesting if you’re already investing. Your everyday spending automatically builds a stock portfolio — and Trust charges $0 commission when you sell those stocks later.
Key Features at a Glance
| Feature | Detail |
|---|---|
| Card Name | Trust Freedom Credit Card (formerly Trust Cashback Card) |
| Annual Fee | $0 — forever |
| Foreign Transaction Fee | $0 — no FX markup |
| Unlimited Cashback | Up to 1.5% local, 0.5% foreign — no cap |
| Bonus Cashback | Up to 15% on 1 category (S$250/quarter cap) |
| Stockback | 3% until 31 Dec 2026 (S$500/quarter cap) |
| Interest Rate | Personalised, from 18.9% p.a. |
| Stock Selling Commission | $0 |
| Minimum Spend | None |
| Split Purchases | S$50+ into interest-free instalments |
| Apple Pay | Supported |
Source: trustbank.sg/freedom-credit-card, August 2026
A few standout details worth highlighting. First, the $0 foreign transaction fee is genuine — Trust doesn’t charge any FX markup on overseas spending, which makes it one of the best travel cards in Singapore. Second, personalised interest rates mean your rate is based on your credit profile, starting from 18.9% p.a. as of 1 July 2026. Third, you can choose your own repayment date during application — a feature unique to Trust among Singapore credit cards.
Trust Freedom vs Trust Link Card
Trust offers two credit cards. Here’s how they compare so you can decide which suits you — or whether to get both.
| Feature | Freedom Card | Link Card |
|---|---|---|
| Best For | General spending & investing | FairPrice Group shoppers |
| Top Reward | Up to 15% cashback / 3% stockback | Up to 21% savings at FairPrice |
| Reward Type | Cashback / Stocks | Linkpoints |
| Fuel Savings | — | Up to 20% at Caltex |
| Annual Fee | $0 | $0 |
| FX Fee | $0 | $0 |
| NTUC Benefit | — | Enhanced Linkpoints for Union Members |
Source: trustbank.sg/credit-card, August 2026
If you shop at FairPrice, Unity, Cheers, or Kopitiam regularly and pump petrol at Caltex, the Link Card gives you the biggest savings on daily essentials. The Freedom Card is better for general spending and travel, especially if you want the stockback option or higher categorical cashback outside the FairPrice ecosystem. Since both cards have $0 annual fees, many people simply get both.
Trust Bank vs Competitors
How does the Trust Bank credit card stack up against other no-annual-fee and digital bank options in Singapore? Here’s a side-by-side look at the key numbers.
| Card | Unlimited Cashback | Max Bonus | FX Fee | Annual Fee |
|---|---|---|---|---|
| Trust Freedom | 1.5% | Up to 15% | $0 | $0 |
| GXS Credit Card | 1.75% | Up to 10% (Grab) | TBD | $0 |
| Revolut Metal | 1.5% | — | $0 | $16.99/mo |
| DBS Live Fresh | 5% | Up to 10% | 3.25% | $194.40 |
Source: trustbank.sg, gxs.com.sg, revolut.com, dbs.com.sg — August 2026. Rates may change; verify with each provider.
The GXS Credit Card edges ahead on unlimited cashback at 1.75%, but it’s mainly optimised for Grab and Singtel users. The Trust Freedom Card wins on flexibility — three reward modes, the stockback option, and stronger bonus cashback at 15% versus GXS’s 10%. For a Revolut Singapore review and how it compares for travel spending, check our separate guide.
DBS Live Fresh offers higher base cashback but charges an annual fee and a 3.25% foreign transaction fee. For most everyday spenders who travel occasionally, the Trust Freedom Card’s combination of $0 fees and flexible rewards is hard to beat.
Golden Scratch Card Referral Promo
This is the part that makes signing up right now especially worthwhile. Trust Bank is running a Golden Scratch Card promotion with two separate rewards streams.
For New Sign-Ups (Referees)
When you sign up for any Trust credit card using a referral code, you get a golden scratch card with sure-win cashback. If you pick the Stockback reward mode, you receive a stock gift valued up to 8,000 USD. If you choose a cashback mode, you get cashback up to S$8,000. This offer runs until 31 October 2026.
For Referrers
Existing Trust users who refer friends to a Trust credit card get unlimited golden scratch cards with cashback from S$50 to S$8,000 per successful referral. There’s no cap on how many friends you can refer — each one earns you another golden scratch card.
Referring friends to a Trust savings account earns scratch cards worth S$8 to S$1,888 in cashback.
For the full breakdown of how the referral programme works and updated promo terms, see our dedicated Trust Bank referral code page.
How to Sign Up with Referral Code HTWYQP95
The entire process takes under 10 minutes and is done in the Trust Bank app. Here’s how:
Step 1: Download the Trust Bank app from the App Store or Google Play.
Step 2: Create your Trust account. You’ll need your Singpass and a valid Singapore address. The app walks you through identity verification automatically.
Step 3: Enter referral code HTWYQP95 when prompted during sign-up. This unlocks your golden scratch card bonus.
Step 4: Apply for the Freedom Card or Link Card (or both). You’ll choose your preferred credit limit and repayment date during application. If you pick the Freedom Card, select your first reward mode — stockback, unlimited cashback, or bonus cashback.
Step 5: Get instant approval. Most applications are approved within minutes. Your digital card is available immediately in the Trust app — you can start spending right away via Apple Pay or Google Pay before your physical card arrives.
Step 6: Scratch your golden card! Your sure-win scratch card appears in the app after your credit card is activated. Minimum cashback is S$50 for credit card sign-ups.
If you’re looking to put that cashback to work, you might want to check out our Singapore retirement calculator to see how small amounts compound over time. For other ways to grow your money with minimal effort, our guide on passive income Singapore covers the main options available in 2026.
Who Should Get the Trust Freedom Card?
The Freedom Card is ideal if you:
- Want a no-annual-fee credit card with solid cashback across all spending
- Travel occasionally and want $0 foreign transaction fees without paying for a premium plan
- Already invest (or want to start) and like the idea of earning stocks from daily spending
- Prefer flexibility — being able to switch reward modes each quarter based on your spending patterns
Consider other options if you:
- Shop heavily at FairPrice Group — the Trust Link Card gives you better savings there (up to 21%)
- Use Grab daily — the GXS Credit Card may give higher Grab-specific rewards
- Want air miles instead of cashback — Trust doesn’t offer a miles option
For a broader view of where Trust Bank fits among Singapore’s digital banks, including savings account rates and other features, check our Trust Bank credit card review. And if you’re exploring what Singapore Savings Bonds can offer as a low-risk complement to your spending rewards, we’ve got you covered there too.
Frequently Asked Questions
What is the Trust Bank credit card referral code for 2026?
The Trust Bank credit card referral code is HTWYQP95. Enter it during sign-up to receive a golden scratch card with sure-win cashback from S$50 to S$8,000 (for credit card sign-ups) or S$8 to S$1,888 (for savings account sign-ups). The promo runs until 31 October 2026.
Does the Trust Freedom Card have an annual fee?
No. The Trust Freedom Credit Card has no annual fee — ever. There’s also no foreign transaction fee and no minimum spend required to earn cashback or stockback rewards.
What happened to the Trust Cashback Card?
Trust renamed the Cashback Card to the Freedom Card on 13 August 2026. If you had the Cashback Card, your account, card number, and credit limit remain the same. The key change is you now choose between three reward modes each quarter: unlimited cashback, bonus cashback, or stockback.
How does Trust Bank stockback work?
When you select the stockback reward mode, your eligible spending earns US stock gifts instead of cashback. Until 31 December 2026, you earn 3% stockback on both local and foreign spending, capped at S$500 per quarter. From 1 January 2027, the rate changes to 2% on local and 0.5% on foreign spending. You can sell stocks commission-free through the Trust app.
Can I switch between cashback and stockback?
Yes. You can switch your reward mode at the start of each quarter for free — no penalty or fees. You pick from unlimited cashback, bonus cashback, or stockback. The switch takes effect at the beginning of the next quarter.
What is the Trust Bank Golden Scratch Card promo?
The Golden Scratch Card promo rewards both referrers and new sign-ups. Referrers get unlimited golden scratch cards with cashback from S$50 to S$8,000 per credit card referral. New users who sign up with a referral code also get a golden scratch card. The promotion runs until 31 October 2026. Use referral code HTWYQP95 to participate.
Is the Trust Freedom Card good for overseas spending?
Yes. The Trust Freedom Card charges $0 foreign transaction fees and $0 exchange rate markups on overseas spending. In unlimited cashback mode, you earn 0.5% on foreign spending. In stockback mode, you earn 3% on foreign spending (until 31 December 2026). This makes it one of the most cost-effective travel credit cards in Singapore.
Ready to Get Your Golden Scratch Card?
Sign up for a Trust Bank credit card with referral code HTWYQP95 and get a sure-win golden scratch card worth up to S$8,000. No annual fee, no catches.
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.
