Trust Bank Credit Card Singapore: Complete Review (2026)

Cashback rates, no annual fee, no minimum income — is the Trust Card worth getting?

The Trust Bank credit card (Trust Card) offers up to 5% cashback on online shopping and petrol with no annual fee and no minimum income requirement — making it one of the most accessible cashback cards in Singapore. Backed by Standard Chartered and FairPrice Group, Trust Bank is fully licensed by MAS. If you spend at least $500 per month, the boosted cashback rates are competitive with premium cards that charge annual fees.

Not financial advice. All figures are for educational reference only. Data as at July 2026 unless noted.

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Trust Card Key Features at a Glance

Trust Bank launched in Singapore in September 2022 as a joint venture between Standard Chartered and FairPrice Group. It’s a digital-first bank fully licensed by MAS, and your deposits are covered by SDIC up to $100,000. The Trust Card is their credit card offering — and it’s designed to undercut traditional banks on fees and accessibility.

Source: Trust Bank Singapore website, July 2026

Trust Card Cashback Rates Explained

The Trust Card has a two-tier cashback system: base rates and boosted rates. You unlock the boosted rates by spending at least $500 in a calendar month. Here’s the breakdown:

Source: Trust Bank Singapore website, July 2026. Boosted rates require $500 monthly qualifying spend.

Let’s run the numbers. Say you spend $800 per month: $200 on online shopping (5% = $10), $150 on groceries (3% = $4.50), $150 on dining (3% = $4.50), $100 on transport (3% = $3), and $200 on everything else (1.5% = $3). That’s $25 in cashback per month, or $300 per year — from a card with zero fees. Not bad at all.

However, the monthly caps are a real limitation. At 5% cashback capped at $20, you max out the online shopping category after spending just $400. Beyond that, any additional online spend earns the lower rate. For heavy spenders, the caps mean the effective cashback rate drops as your spending increases.

Fees and Charges

Here’s the good news: the Trust Card has no annual fee — permanently. You don’t need to call in to waive it, and there’s no spending requirement to keep the card active. That alone sets it apart from most traditional bank credit cards in Singapore.

However, be aware of these other charges:

Source: Trust Bank Singapore website, July 2026

The foreign transaction fee of 3.25% is standard for most Singapore credit cards. If you travel frequently, you’re better off using a multi-currency card like a dedicated travel card for overseas spending and keeping the Trust Card for domestic use.

Always pay your balance in full each month. The 28% APR interest rate will quickly wipe out any cashback gains if you carry a balance.

Trust Card vs Other No-Fee Cards

The no-annual-fee credit card space in Singapore has gotten competitive. Here’s how the Trust Card stacks up against the GXS Card, CIMB Visa Signature, and other popular options:

Source: Respective card issuer websites, July 2026. Features subject to change.

The Trust Card wins on accessibility (no income requirement) and general cashback rate (1.0–1.5% base beats GXS and CIMB’s sub-1% rates on uncategorised spend). However, CIMB offers a staggering 10% on dining and petrol — double Trust’s 5% — if you meet the $30,000 income requirement.

For young adults or anyone earning below $30,000, the Trust Card is effectively the best option available. For higher earners, CIMB may be better for dining-heavy spenders, while the Trust Card still wins for online shopping.

Who Should Get the Trust Card?

The Trust Card is ideal if: you don’t meet the $30,000 income requirement for premium cards, you’re a student or young adult just starting out, you want a simple no-fuss cashback card with decent rates across all categories, you shop online frequently (5% is hard to beat), or you want a backup card with no fees that you can keep indefinitely.

Consider other cards if: you earn above $30,000 and qualify for higher-tier cards like the CIMB Visa Signature or UOB Absolute Cashback, you spend heavily in a single category beyond the monthly caps, or you need a card for overseas spending (the 3.25% FX fee makes it poor for travel).

The Trust Card also pairs well with the Trust Bank savings account, which offers up to 2.5% interest with qualifying spend. Using both together maximises your returns across savings and spending. For more on optimising your banking setup, our guide to the Syfe platform covers investment options, while our retirement calculator can help you plan long-term.

How to Apply for a Trust Credit Card

The entire application is done through the Trust Bank app — no branch visits needed. Here’s the process:

First, download the Trust Bank app from the App Store or Google Play. Sign up for a Trust Bank account using your Singpass — this takes about 5 minutes. Once your account is approved (usually instant), navigate to the Credit Card section in the app and apply for the Trust Card.

You’ll need to be at least 21 years old, a Singapore citizen or permanent resident, and have a Trust Bank account. There’s no income proof required, no payslips, and no employment letter. The card is typically approved within minutes and issued as a virtual card immediately — you can add it to Apple Pay or Google Pay right away. The physical card arrives by mail within 5–7 business days.

The approved credit limit depends on your credit bureau score and other factors. Limits typically range from $500 to $12,000 for first-time applicants.

For more on managing your finances as a young adult, check out our passive income Singapore guide and Endowus referral code for getting started with investing.

Not financial advice. Credit card terms are subject to change. Always read the full terms and conditions on the Trust Bank website before applying.

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