November 2026 Current Offer
November 2026: Trust Credit Card Referral Code HTWYQP95
Refer a friend to sign up for any Trust credit card using referral code HTWYQP95 and earn a golden scratch card worth S$50 to S$8,000 in cashback for every successful referral – with no limit on how many times you can earn. Your friend also gets a golden scratch card when they sign up for a Trust credit card with your code. Prefer a savings account? Sign up with the same code and you both get a scratch card worth S$8 to S$1,888. Enter the code in the Trust App when signing up. Check the Trust App for full T&Cs and latest offer details.
Enter HTWYQP95 in the Trust app when you tap Apply Now on the credit card.
Trust Bank Credit Card Referral Code 2026: HTWYQP95
The Trust Bank credit card referral code is HTWYQP95. Enter it in the Trust Bank SG app immediately after tapping “Apply Now” to get a sure-win golden scratch card when you sign up for a Trust credit card. (The October sign-up gift of up to S$8,000 or 100,000 Max Miles ended on 31 October 2026.) Trust offers two credit cards: the Freedom Card (choose between stockback, cashback, or miles) and the Link Card (NTUC FairPrice savings). Both have zero annual fee and zero foreign transaction fees.
Not financial advice. All figures are for educational reference only. Data as at October 2026 unless noted. Disclosure: This page contains a referral code. If you sign up using my code, I may receive a small referral bonus at no extra cost to you. I only recommend products I personally use.
How to Apply for a Trust Bank Credit Card with Referral Code
Follow these steps to apply for a Trust credit card and claim your referral bonus:
Step 1: Download the Trust Bank SG app from the App Store or Google Play.
Step 2: Open the app and tap “Apply Now” to begin your credit card application.
Step 3: Immediately after tapping Apply Now, you will see the referral code field. Enter HTWYQP95. This must be done at the very start of the application — you cannot add the code later.
Step 4: Choose your card: Trust Freedom Card (stockback, cashback, or miles rewards) or Trust Link Card (NTUC FairPrice and Caltex savings).
Step 5: If you chose the Freedom Card, select your preferred reward mode — Stockback, Cashback, or Miles. You can switch modes every quarter.
Step 6: Complete identity verification via Singpass MyInfo and submit your application. Approval is typically instant for eligible applicants.
Step 7: Your virtual credit card is ready to use immediately in the app. The physical card arrives by mail within 5–7 business days.
The entire sign-up process takes about 5 minutes and is fully digital — no branch visit needed.
October 2026 Sign-Up Promotions (Ended)
Here’s what new Trust Bank credit card customers could earn when signing up with referral code HTWYQP95 before 31 October 2026. These offers have ended and are kept here for reference:
Trust Freedom Card Sign-Up Rewards
| Reward Mode | Sign-Up Gift | Conditions |
|---|---|---|
| Stockback | Sure-win stock gift up to US$8,000 | Select Stockback as your reward mode at sign-up |
| Cashback | Sure-win cashback up to S$8,000 | Select Cashback as your reward mode at sign-up |
| Miles | Up to 100,000 Max Miles | Spend S$1K within 31 days → 20K miles; S$5K → 50K miles; S$15K → 100K miles |
Source: trustbank.sg/freedom-credit-card, October 2026. Offer ends 31 October 2026.
Trust Link Card Sign-Up Reward
| Card | Sign-Up Gift | Conditions |
|---|---|---|
| Trust Link (NTUC) Card | Sure-win cashback up to S$8,000 | Apply before 31 October 2026 and meet minimum spend requirement |
Source: trustbank.sg/link-credit-card, October 2026.
Trust Freedom Card: Key Features
The Trust Freedom Card is Trust Bank’s flagship credit card, co-created with Standard Chartered. It stands out by offering four reward modes — you pick the one that matches how you spend:
| Feature | Details |
|---|---|
| Stockback Mode | 3% stockback on all eligible spend (until 31 Dec 2026). Earns fractional US stocks/ETFs. Capped at S$500/quarter. Drops to 2% local / 0.5% foreign from Jan 2027. |
| Cashback Mode (Unlimited) | 1.5% instant cashback on local spend, 0.5% on foreign spend. No cap, no minimum spend. |
| Cashback Mode (Bonus) | Up to 15% bonus cashback on a preferred spending category. Capped at S$250/quarter. Requires spend across 3 consecutive months. |
| Miles Mode | 1.3 Trust Miles per S$1 on local and foreign spend. Convert 1:1 to KrisFlyer Miles or Max Miles. Conversion fee: S$27.25 (incl. GST). |
| Annual Fee | S$0 — permanently free |
| FX Fee | 0% — no foreign exchange markup on overseas spend |
| Card Network | Mastercard |
| Switching | Change reward mode every quarter |
Source: Trust Bank Freedom Card page, October 2026.
The Trust Freedom Card is unique among Singapore credit cards because it lets you switch between stockback, cashback, and miles every quarter. If you’re earning miles this quarter but switching to cashback next quarter, you can — no application needed. The 3% stockback rate (until 31 Dec 2026) is particularly attractive for investors who want to dollar-cost average into US stocks through their daily spending, which makes it different from any other card offered by traditional banks or digital banks like MariBank or GXS Bank.
Trust Link Card: Key Features
The Trust Link Card is designed for NTUC members and FairPrice shoppers. While it doesn’t offer stockback or miles, it provides significant savings on groceries and fuel:
| Feature | Details |
|---|---|
| FairPrice Group Savings | Up to 21% savings at FairPrice, Unity, Cheers, and Kopitiam |
| Caltex Fuel Savings | Up to 20% fuel savings at Caltex stations |
| NTUC Linkpoints | Earn bonus Linkpoints on eligible spend (subject to minimum monthly spend) |
| Annual Fee | S$0 — permanently free |
| FX Fee | 0% — no foreign exchange markup |
| Card Network | Mastercard |
Source: Trust Bank Link Card page, October 2026.
The Link Card is best suited for households that do their weekly grocery shopping at FairPrice. The savings stack across FairPrice Group outlets — including Unity pharmacies, Cheers convenience stores, and Kopitiam food courts. If you’re an NTUC union member, the savings can be even higher through bonus Linkpoints.
Trust Freedom Card vs Trust Link Card: Which Should You Pick?
Trust Bank offers two credit cards with very different value propositions. Here’s how they compare:
| Feature | Trust Freedom Card | Trust Link Card |
|---|---|---|
| Best For | Investors, travellers, miles collectors | FairPrice shoppers, NTUC members |
| Reward Type | Stockback / Cashback / Miles (choose one) | Linkpoints + grocery/fuel savings |
| Headline Rate | 3% stockback / 1.5% cashback / 1.3 mpd | Up to 21% at FairPrice Group |
| Fuel Savings | No specific fuel benefit | Up to 20% at Caltex |
| Annual Fee | S$0 | S$0 |
| FX Fee | 0% | 0% |
| Sign-Up Gift (Oct 2026) | Up to US$8,000 / S$8,000 / 100K miles | Up to S$8,000 cashback |
| Mode Switching | Change every quarter | Fixed (Linkpoints only) |
Pick the Freedom Card if you want flexible rewards that adapt to your life. Stockback mode is ideal if you’re already investing in US stocks (it pairs well with a brokerage account from platforms like Moomoo or Interactive Brokers). Miles mode suits frequent flyers who want to earn KrisFlyer miles without an annual fee. Cashback mode is the safe default for everyone else.
Pick the Link Card if your household spends heavily at FairPrice and you drive (Caltex fuel savings). The 21% FairPrice savings can add up quickly for families — a household spending S$800/month on groceries could save over S$2,000 a year. You can also use the retirement planning calculator to see how redirecting those grocery savings into investments could compound over time.
Trust Bank Credit Card Fees
Both Trust credit cards share the same fee structure — minimal or zero across the board:
| Fee Type | Amount |
|---|---|
| Annual Fee | S$0 — permanently waived |
| Foreign Transaction Fee | 0% — no FX markup |
| Interest Rate | Personalised, from 18.9% p.a. (from 1 July 2026) |
| Late Payment Fee | S$100 |
| Cash Advance Fee | 6% of amount withdrawn (min S$15) |
| Miles Conversion Fee | S$27.25 (incl. GST) per conversion (Freedom Card only) |
Source: Trust Freedom Credit Card Key Facts Sheet, October 2026.
One important caveat: if you close your Trust Bank account, any accumulated rewards — stockback shares, cashback balance, or unconverted miles — are forfeited. Make sure to use or convert your rewards before closing. Additionally, cashback can only offset your outstanding credit card balance; it cannot be withdrawn as cash to your bank account.
Who Should Get a Trust Bank Credit Card?
The Trust Freedom Card is ideal if you:
- Want to invest passively through daily spending (stockback mode)
- Travel frequently and want 0% FX fees with miles earning at 1.3 mpd
- Prefer the flexibility to switch between cashback, stockback, and miles every quarter
- Hate annual fees and complicated reward tiers
- Already hold US stocks through Moomoo or IBKR and want to top up holdings with everyday spend
The Trust Link Card is ideal if you:
- Shop at FairPrice Group stores weekly and want up to 21% savings
- Drive and fill up at Caltex (up to 20% fuel savings)
- Are an NTUC union member and want to maximise Linkpoints
- Don’t need stockback or miles and just want practical grocery savings
You might want to look elsewhere if you:
- Want a flat unlimited cashback card with no caps — consider the MariBank credit card (1.5% unlimited cashback)
- Need a card that works with CPF/SRS investing — Trust credit cards don’t integrate with these
- Want to earn rewards that can be withdrawn as cash — Trust cashback only offsets your bill
- Prefer Visa over Mastercard — both Trust cards are on the Mastercard network
For a broader comparison of digital banks in Singapore, see our guide to the best digital banks in Singapore.
Frequently Asked Questions
What is the Trust Bank credit card referral code for October 2026?
The Trust Bank credit card referral code for November 2026 is HTWYQP95. Enter this code in the Trust Bank SG app immediately after tapping “Apply Now” to get a sure-win golden scratch card when you sign up for a Trust credit card. The October 2026 sign-up gift (up to S$8,000 or 100,000 Max Miles) has ended.
What is the difference between the Trust Freedom Card and Trust Link Card?
The Trust Freedom Card offers four reward modes — stockback (earn fractional US stocks), cashback (1.5% unlimited or up to 15% bonus), and miles (1.3 mpd convertible to KrisFlyer or Max Miles). You can switch modes every quarter. The Trust Link Card is designed for NTUC members, offering up to 21% savings at FairPrice Group stores and up to 20% fuel savings at Caltex. Both cards have zero annual fee and zero FX fees.
How does Trust Bank stockback work?
Trust Bank stockback converts your eligible card spending into fractional US stocks or ETFs. When you use the Freedom Card in Stockback mode, 3% of your eligible spend (until 31 Dec 2026) accumulates as stockback rewards. Once the balance reaches S$10, it automatically converts into fractional shares of a US stock or ETF that you select in the app. The stockback is capped at S$500 per quarter. From January 2027, the rate drops to 2% on local spend and 0.5% on foreign spend.
Does the Trust Bank credit card charge foreign exchange fees?
No. Both the Trust Freedom Card and Trust Link Card charge 0% foreign exchange markup on overseas transactions. This applies to both online and in-store purchases in foreign currencies, making them competitive travel credit cards in Singapore alongside the MariBank credit card and YouTrip.
Can I switch reward modes on the Trust Freedom Card?
Yes. Trust allows you to change your reward mode every quarter. For example, you could earn stockback this quarter, switch to miles next quarter for a planned trip, then switch to cashback the quarter after. This flexibility is unique among Singapore credit cards — most cards lock you into one reward type permanently.
What is the annual fee for Trust Bank credit cards?
Both the Trust Freedom Card and Trust Link Card have a permanent S$0 annual fee. You never need to call in to waive it or meet any minimum spending threshold. This applies for the lifetime of the card.
Can I withdraw Trust Bank cashback as cash?
No. Trust Bank cashback can only be used to offset your outstanding credit card balance. It cannot be transferred to a bank account or withdrawn as cash. Similarly, stockback rewards are held as fractional shares within the Trust app and cannot be sold for cash withdrawal (you can sell the stocks, but proceeds remain within the Trust ecosystem). If you close your Trust Bank account, all accumulated rewards are forfeited.
When does the Trust Bank credit card referral code HTWYQP95 expire?
The referral code HTWYQP95 itself does not have a published expiry date — it remains valid as long as Trust Bank’s referral programme is active. However, the October sign-up promotion (sure-win gift up to US$8,000 for Stockback, S$8,000 for Cashback, or 100,000 Max Miles) ended on 31 October 2026. The 3% stockback promotional rate is valid until 31 December 2026. After these dates, the sign-up gifts and rates may change, but the referral code should still work for any active promotions.
AI Disclaimer: This article was written with the assistance of AI tools and fact-checked against official Trust Bank sources as at October 2026. Always verify current promotions, rates, and terms directly on trustbank.sg before applying. Promotions and reward rates are subject to change. This page contains a referral code — if you sign up using it, The Kopi Notes may receive a small referral bonus at no extra cost to you.