Trust Credit Card Singapore 2026: Cashback, Benefits & Complete Review
The Trust Cashback Credit Card — issued by Trust Bank (Standard Chartered x FairPrice) — offers up to 15% cashback on your preferred spending category, no annual fee, and zero foreign transaction fees. But is it the right card for you? Here’s our complete, data-driven review for 2026.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Data accurate as at May 2026. Terms and conditions apply — always verify current rates on trustbank.sg.
Trust Credit Card Overview
The Trust Cashback Credit Card is issued by Trust Bank Singapore — a joint venture between Standard Chartered and FairPrice Group. Since its launch in 2022, it has become one of the most popular cashback credit cards in Singapore, thanks to its simple rewards structure and zero fees.
The card is a Visa credit card with no minimum income requirement (subject to credit approval), making it accessible to a wider range of customers compared to premium bank cards that typically require S$30,000–S$120,000 annual income.
It’s designed to reward everyday spending, particularly for FairPrice shoppers who can earn Linkpoints alongside cashback — effectively double-dipping on rewards.
Cashback Rates & Structure
The Trust Credit Card uses a two-tier cashback system — a base rate on all spending and a boosted rate on your preferred spending category.
| Spending Type | Cashback Rate | Cap / Conditions |
|---|---|---|
| Local Spend (Non-Preferred) | 1% | No cap |
| Foreign Spend (Non-Preferred) | 0.5% | No cap |
| Preferred Category (S$600–S$999/mo) | 5% | Capped at S$250/quarter |
| Preferred Category (S$1,000–S$1,999/mo) | 10% | Capped at S$250/quarter |
| Preferred Category (S$2,000+/mo) | 15% | Capped at S$250/quarter |
Source: Trust Bank, May 2026. Rates and caps subject to change.
The headline 15% cashback sounds impressive, but let’s do the maths. With a S$250/quarter cap on preferred category cashback, the maximum quarterly preferred cashback you can earn is S$250. At 15% cashback, that means spending about S$1,667 in your preferred category exhausts the quarterly cap. Beyond that, you still earn 1% base cashback on additional local spend.
Realistically, a customer spending S$2,000/month across all categories with S$800/month in their preferred category could earn approximately S$100–S$120/quarter in total cashback — which works out to about S$400–S$480 per year. That’s competitive for a no-fee card.
Preferred Category System Explained
Each quarter, you choose one preferred spending category. The available categories as of May 2026 include:
Groceries — FairPrice, Cold Storage, Giant, Sheng Siong, and other supermarkets
Dining — Restaurants, cafes, fast food, food delivery (GrabFood, Foodpanda, Deliveroo)
Transport — Grab rides, ComfortDelGro, public transport top-ups, petrol stations
Online Shopping — Shopee, Lazada, Amazon, and other e-commerce platforms
Travel — Airlines, hotels, booking platforms, travel agencies
Entertainment — Streaming services, cinemas, concerts, events
Your preferred category applies for the entire quarter. You can switch to a different category at the start of each new quarter. The key strategy is to choose the category where you naturally spend the most — don’t change your spending habits just to chase the 15% cashback.
Fees & Charges
| Fee Type | Amount |
|---|---|
| Annual Fee | S$0 (lifetime waiver) |
| Foreign Transaction Fee | S$0 |
| Cash Advance Fee | S$0 |
| Late Payment Fee | S$100 |
| Interest on Outstanding Balance | 28% p.a. |
| Minimum Income Requirement | None (subject to credit approval) |
The zero annual fee, zero FX fee, and zero cash advance fee combination is rare among Singapore credit cards. Most competing cashback cards either charge an annual fee (waivable with minimum spend) or levy a 3.25% foreign transaction fee.
However, as with all credit cards, always pay your outstanding balance in full each month. The 28% p.a. interest on revolving balances will quickly wipe out any cashback gains.
Recent Changes (March 2026)
Trust Bank made several adjustments to its credit card programme effective March 2026:
Removed: The S$1,000/month mid-tier for preferred category cashback (previously 10% at this tier) has been removed. You now need S$2,000/month to hit the 15% tier.
Reduced: Foreign spend cashback on non-preferred categories dropped from 1% to 0.5%. This makes the card less competitive for overseas travel spending unless you set travel as your preferred category.
Enhanced: The preferred category cashback now has unlimited earning potential within the quarterly cap, with clearer tier definitions.
These changes mean the Trust Credit Card is now more focused on rewarding high local spending in a single category, rather than being a general-purpose cashback card. For overseas spending, consider alternatives like the Mari Credit Card which offers 1.5% FX cashback.
Trust Card vs Other Cashback Cards
How does the Trust Credit Card stack up against the competition?
| Card | Annual Fee | Local Cashback | FX Cashback | FX Fee | Max Category CB |
|---|---|---|---|---|---|
| Trust Cashback Card | S$0 | 1% | 0.5% | 0% | 15% |
| Mari Credit Card | S$0 | 1.5% | 1.5% | 0% | N/A |
| OCBC 365 | S$192.60 | 0.3% | 0.3% | 3.25% | 6% (dining) |
| UOB One Card | S$192.60 | 0.3% | 0.3% | 3.25% | 10% |
| DBS Live Fresh | S$192.60 | 0.3% | 0.3% | 3.25% | 10% (online) |
Comparison based on publicly available rates as at May 2026. Rates for traditional bank cards vary by spend tier.
The Trust Credit Card’s key advantages are its zero annual fee and zero FX fee — neither of which the big-three bank cards (DBS, OCBC, UOB) offer on their cashback cards. The 15% preferred category cap is also the highest among no-fee cards in Singapore.
For pure flat-rate cashback without worrying about categories, the Mari Credit Card at 1.5% on everything is simpler and better for most everyday spending.
Who Should Get the Trust Credit Card?
The Trust Credit Card is ideal if you:
Spend heavily in one category: If you consistently spend S$2,000+/month on groceries, dining, or transport, the 15% preferred category cashback (up to S$250/quarter) is extremely rewarding. No other no-fee card comes close.
Shop at NTUC FairPrice regularly: You’ll earn both cashback and Linkpoints on FairPrice purchases — effectively earning double rewards on your grocery shopping.
Want a simple, fee-free card: No annual fee, no FX fee, no minimum income — the Trust card is as straightforward as it gets. It’s an excellent first credit card for young adults or anyone who prefers zero-hassle banking.
Already have a Trust Bank savings account: Using the credit card contributes to your savings account bonus interest tiers (+0.20% p.a. for S$500+/month card spend). For more on the savings account, see our Trust Bank referral code page.
The Trust Credit Card is less ideal for frequent travellers (the 0.5% FX cashback is below average — consider the Mari card or a dedicated travel card instead) and for those who spread spending across many categories without a clear dominant one.
How to Apply for the Trust Credit Card
Applying is straightforward and done entirely through the Trust Bank app:
Step 1: Download the Trust Bank app if you haven’t already. Create your Trust Bank account using Singpass.
Step 2: Open the app and navigate to the “Cards” section. Tap “Apply for Credit Card”.
Step 3: Complete the application form. You’ll need to provide employment and income details. There is no minimum income requirement, but approval is subject to Trust Bank’s credit assessment.
Step 4: Receive instant approval (in most cases). Your virtual card is activated immediately for online purchases.
Step 5: Your physical numberless card will be delivered within 5–7 business days.
New to Trust Bank? Use our referral code BANK50 when signing up — visit our Trust Bank referral code page for the latest welcome promotions.
For help planning your overall finances and savings, check out our retirement planning calculator and Endowus referral code for investing options.