Best Debit Cards in Singapore [2025]

Choosing the right debit card is not just about selecting the one that offers the best rewards. It’s about finding the debit card that best suits your lifestyle. Whether you’re someone who commutes daily, travels frequently, shops online, or managing a student budget, there’s a debit card tailored for your needs.

According to an IMARC Group report, the cards and payments market in Singapore is projected to grow from USD 4.48 billion in 2024 to USD 8.13 billion by 2033, reflecting a steady increase in card-based transactions. These figures highlight the increasing reliance on digital and mobile payment methods in Singapore, making the choice of the best debit card more important than ever

Our team has researched and broken down the best debit cards in Singapore focusing on what is most important: cashback, rewards, convenience and more. Whether you want great cashback on daily spending or help while travelling abroad, our list has cards for every need. This guide will help you make the right decision to choose the best debit card singapore that’s best for you.

Debit Card is Better Than Credit Card: Key Reasons

When managing finances in Singapore, choosing the best debit card can be smarter than opting for a credit card. Here’s why:

1. Spending Within Means: The best debit card Singapore offers ensures you spend the money you already have. This prevents the risk of accruing debt, a common issue with credit cards.
2. Better Budget Management: Using a debit card helps in maintaining a budget. You’re more conscious of your balance, leading to more prudent spending decisions.
3. No Interest Rates: Unlike credit cards, no interest is charged on debit card purchases. This makes them cost-effective for everyday use.
4. Cashback and Rewards: Opting for the best cashback debit card Singapore provides can offer similar rewards to cashback credit cards, like cashback on purchases, without the risk of high interest or overspending.
5. Suitability for Students: The best debit card for students in Singapore is tailored to the needs of the younger demographic. It’s a great tool for students to learn financial responsibility without the risk of accumulating debt.
6. Travel Benefits: Frequent travellers can benefit from the best travel debit card Singapore boasts. These cards often come with lower foreign transaction fees and other travel-related benefits, making them more suitable than credit cards for international use.
7. Wider Acceptance and Convenience: Debit cards are widely accepted locally and globally. They offer the same convenience as credit cards regarding online and in-store purchases.
8. Lower Fees and Charges: Debit cards generally come with lower annual fees than credit cards, making them a cost-effective option for many.

Debit cards offer a safer, more budget-friendly alternative to credit cards, especially for those who prefer to avoid debts and manage their finances more effectively.

Compare Best Debit Cards in Singapore 

Note: The ranking above are not listed in order

What to Consider When Choosing A Debit Card?

When selecting a debit card in Singapore, several factors are crucial:

1. Fees and Charges: Look for cards with low or no annual fees, and consider other charges like ATM withdrawal fees.
2. Rewards and Cashback: Some cards, like the best cashback debit card Singapore, offer rewards or cashback on purchases. This can be a great way to earn while you spend.
3. Foreign Transaction Fees: For travellers, the best travel debit card Singapore should have low foreign transaction fees. This is important for those who travel frequently or shop online from international retailers.
4. ATM Network and Accessibility: Consider the availability and accessibility of ATMs, especially if you travel or withdraw cash frequently.
5. Spending Limits: Some debit cards have daily spending limits. Ensure the limit aligns with your spending habits.
6. Online and Mobile Banking Features: Look for cards that offer robust online and mobile banking features for convenience.
7. Eligibility Criteria: Some cards, like the best debit card for students Singapore, are tailored for specific groups like students and might have special benefits or lower requirements.
8. Security Features: Consider the security measures in place, like SMS alerts for transactions and the ability to freeze the card via an app.
9. Customer Support: Good customer service is crucial for handling any issues.
10. Linked Accounts and Services: Some debit cards are linked to savings or current accounts, which might offer additional benefits or interest.

The best debit card in Singapore depends on individual needs and lifestyle. These factors will help you choose a card that best suits your financial habits and goals.

Popular Debit Cards for Daily Use

1. DBS Visa Debit Card: Best for Urbanites with Diverse Online + Offline Spend

The DBS Visa Debit Card is one of the best debit card Singapore for urbanites who want a card to spend on everyday expenses. Whether you order food online or take public transport, shopping abroad, this card gives you benefits for all expenses. This card is best for people who want cashback all the time but do not want to use a credit card. Moreover, you can use this card locally as well as globally and still get the cashback benefits.

Features:

• You can get 4% cashback when you order food from GrabFood and Deliveroo.
• You can enjoy 3% cash back on local transportation for daily commuters.
• It offers 2% cashback on overseas spending, ideal for international shopping or travel-related expenses.
• The DBS My Account link offers foreign exchange services without fees. This reduces the cost of foreign purchases.

Eligibility:

• Spend at least $500/month on the card

Additional Benefits:

• There is no foreign exchange fee when linked to DBS My Account, making it an excellent option for frequent travelers or online shoppers who buy from international retailers
• It gives reward points for every purchase, which can be redeemed for a variety of rewards or used for discounts on future transactions
• It provides access to DBS exclusive offers and promotions with partnered merchants

This best cashback debit card Singapore is ideal for a person who wants an easy to use card that earns them rewards on every day spent like getting to work, shopping and ordering food. Its broad rewards system provides significant value on this card for daily and overseas purchases.

2. PAssion POSB Debit Card: Best for Yuu Ecosystem Users

The PAssion POSB Debit Card is designed to reward you for spending in the yuu Rewards ecosystem, which includes FairPrice and many other merchants. If you are using yuu for your everyday shopping, then this card offers unparalleled rebates along with an extra bonus in rewards to make it extremely useful for frequent shoppers. Also, it is also a good choice for anyone wanting to maximize their everyday shopping at the most popular retailers.

Features:

• Yuu merchants offer a rebate of up to 9% or 5 miles per $1 spent.
• You get a Free Passion membership (worth $12).
• You can get 50% off Mandai Wildlife Reserve (valid till December 2025) which is great for families.

Eligibility:

• Spend $300 at yuu merchants and $400 elsewhere per month

Additional Benefits:

• By shopping at FairPrice, Guardian and 7-Eleven, you can earn yuu points which can be used for greater discounts.
• You can get a 50% discount at Mandai Wildlife Reserve. This card is perfect for families and nature lovers.

Whether you shop regularly at FairPrice or foodpanda, this best debit card Singapore can help you maximize your purchase with its rebates, discounts, and extra rewards. It’s a great option for the family regular and everyday shopper wanting constant saving.

Debit Cards with the Best Rewards

1. OCBC Debit Card: Best for Cashback Fans Who Want No Limits

OCBC’s option is perfect for anyone looking for an easy way to earn cashback. It gives unlimited 1% cashback on essential spending which is suitable for anyone who wants a simple rewards program. This best cashback debit card in Singapore is great for anyone who wants to earn rewards on their spending consistently like the transport and grocery purchases.

Features:

• You receive a 1% cashback on essential transportation (Grab, ComfortDelGro), grocery (NTUC FairPrice), online shopping (Shopee, Lazada).
• You can earn cashback on your entire spending with no limitations!

Eligibility:

• Spend at least $500/month

Additional Benefits:

• With OCBC Bank, you can enjoy free withdrawals at ATMs overseas.
• There’s no limit on cashback for the long term.
• This rewards structure is straightforward and easy to comprehend. Good option for those who don’t wish to track spending categories.

It is great for anyone who loves earning cashback on all his daily expenses, without any caps or limits. This card makes earning rewards easier by ensuring you earn on every purchase that qualifies.

Debit Cards for Online Shopping

1. Citibank Debit Mastercard: Best for Frequent Online Shoppers

The Citibank Debit Mastercard is the best debit card Singapore to have if you are someone who loves to shop online. Especially, if you are someone who makes international purchases regularly, then this is the ideal card for you. Citi Global Wallet provides the ability to hold and spend in multiple currencies, making online shopping easier. The mastercard travel rewards card is an excellent choice for international transactions with exclusive benefits and discount offers. This is especially useful for people who buy from other countries and do not want to pay conversion fees.

Features:

• Citi Global Wallet lets you hold and spend in multiple currencies to avoid foreign exchange fees.
• Mastercard Travel Rewards gives you exclusive discounts related to travel.
• It supports many currencies, thus perfect for global online shoppers and travellers.

Eligibility:

• No minimum spend requirement

Additional Benefits:

• It is ideal for international transactions, making shopping abroad seamless
• It gives access to global travel perks via Mastercard Travel Rewards

This card is best for people who shop online, and travel regularly and do not wish to pay a fee for conversion or for international payments. It’s just perfect for anyone who wants convenience and rewards.

2. Standard Chartered XtraSaver Debit Card: Best for Drivers Who Need Savings on Petrol

The Standard Chartered XtraSaver debit card is designed for drivers who want to earn cashback on fuel and other purchases. If you travel often, you’ll make a good choice here, thanks to cashback of up to 15% on fuel. The card is great for people who want to spend less on petrol and everyday things.

Features:

• You can enjoy 15% cash-back on petrol (Tier 2), ideal for regular drivers.
• You can get 3% cashback for using your Mastercard.
• It provides access to petrol savings and everyday cashback.

Eligibility:

• $6,000 minimum balance for Tier 1

Cashback/Points Cap:

• $100/month (incl. $40 on petrol)

Additional Benefits:

• It provides Free withdrawals from any ATM islandwide, so you can access your funds anywhere.
• You get cashback on fuel purchases – perfect for the frequent driver.
• It gives extra rewards on Mastercard purchases.

This card is suitable for customers who have a high balance in their accounts and looking to save fuel money while earning rewards on their spends, especially on driving. It combines essential benefits with solid savings.

Debit Cards for Travelers

1. HSBC Debit Card: Best for HSBC Users Who Travel Often

The HSBC Debit Card is the best travel debit card Singapore for HSBC customers who travel a lot, and want free withdrawals at HSBC ATMs worldwide. With over 2.3 million Visa/Plus ATM locations worldwide, withdraw cash whenever you need with ease with your card. If you are an overseas traveller who does not want to pay extra to withdraw cash, this is your best bet.

Features:

• You can get free withdrawals at HSBC ATMs worldwide.
• There are over 2.3 million ATMs across the globe for you to use.
• There are no extra charges for shopping from abroad.

Eligibility:

• None

Additional Benefits:

• It offers free ATM withdrawals from HSBC ATMs worldwide, which is perfect for frequent travelers
• It is ideal for users who want to avoid international ATM fees while traveling
• There is no foreign transaction fees, making international purchases hassle-free

If you’re an HSBC customer who travels often, this card offers the convenience of fee-free ATM withdrawals internationally, making it a great travel companion with comprehensive benefits.

2. KrisFlyer UOB Debit Card: Best for Frequent Travelers & Miles Earners

The KrisFlyer UOB Debit Card is designed for people who want to earn KrisFlyer miles for their everyday spending. Using this card, you can earn miles with Singapore Airlines or KrisShop, whether you are flying or shopping, all without a credit card. If you frequently travel, this is a great option. You can earn miles for purchases and travel spending.

Features:

• You get 1 KrisFlyer mile for each S$1 spent on Singapore Airlines, Scoot, KrisShop and Kris+.
• You can get 0.4 KrisFlyer miles for every S$1 spent on other charges.
• It provides Exclusive privileges with Scoot, such as priority check-in and boarding

Eligibility:

• $5 monthly spend

Cashback/Points Cap:

• No cap

Additional Benefits:

• You get 3,000 welcome miles once you spend S$5.
• You can enjoy Scoot privileges, including exclusive discounts and priority boarding

This best travel debit card Singapore is perfect for travelers who want to earn miles with Singapore Airlines and Scoot for great rewards and travel benefits.

Debit Cards for Students and Young Adults

1. UOB One Debit Card: Best for Students Who Want Cashback on Daily Purchases

The UOB One Debit Card is the best debit card for students Singapore who want to earn cashback on their everyday purchases. You can get 3% cashback on popular McDonald’s, Shopee, and other brands when you spend with it. Plus, it is going to provide weekly $3 McDonald’s coupons, which are great for students. With this card, you can easily save money on shopping in your favorite store.

Features:

• You get 3% cashback on spending at McDonald’s, Shopee & more!
• You can enjoy a 1% cashback when you use Grab. This is perfect for students. They often use ride-hailing apps for themselves and their friends.
• You can get weekly $3 McDonald’s coupons via UOB TMRW

Eligibility:

• $500/month spend + 1 qualifying merchant

Cashback/Points Cap:

• $20/month

Additional Benefits:

• You can earn cashback with no minimum spend limit
• You can enjoy discounts at your favorite brands, like McDonald’s, for extra savings
• You can get weekly coupons and promotions via UOB TMRW

The card is a good choice if you are a student looking for cashback on your day-to-day activities and get additional benefits from your favourite brands. It’s ideal for those who want to stick to a tight budget while saving cash.

Premium Debit Cards

1. Maybank Platinum Debit Card: Best for Singaporeans Who Shop Across the Border

The Maybank Platinum Debit Card is perfect for individuals who frequently shop or travel to Malaysia. With 3X TREATS Points for Malaysian Ringgit spend, this card offers high rewards for cross-border shopping. If you frequently visit Malaysia, this card ensures you maximize your rewards while spending there.

Features:

• It offers 3X TREATS Points for Malaysian Ringgit spend, offering high rewards for cross-border shopping
• It provides 1X TREATS Points for other currency spend
• It gives access to Maybank’s exclusive offers and promotions

Eligibility:

• S$5 blocks per transaction

Additional Benefits:

• It provides the best value for TREATS Points when spending in Malaysia
• It is ideal for cross-border shoppers and travelers
• It offers exclusive promotions and discounts at participating Maybank merchants

This card is perfect for those who want to maximize their rewards while shopping or dining in Malaysia, offering high-value TREATS Points for spending in Malaysian Ringgit.

2. GXS Debit Card: Best for Digital Natives & Sustainable Shoppers

The GXS Debit Card is the best debit card Singapore for individuals who value sustainability and want instant rewards. With a sustainable card design made from recycled materials, it’s an eco-friendly option that rewards you instantly for purchases, particularly if you use apps like Grab and Singtel Dash. It’s an ideal card for digital natives and individuals who prefer an eco-conscious solution without compromising on rewards.

Features:

• You can get Unlimited instant rewards with a minimum spend of S$10 on eligible transactions
• You receive 1.2x points when paying with GXS on Grab and Singtel Dash apps
• You can earn points instantly and redeem for cashback

Eligibility:

• Minimum spend of S$10 on eligible transactions

Cashback/Points Cap:

• No cap

Additional Benefits:

• The sustainable card design is made from recycled materials
• It provided up to S$100 cashback when you meet spending requirements
• It has instant reward system, providing you immediate gratification for every transaction

If you’re someone who values sustainability and instant rewards, this card provides a modern and eco-friendly solution while offering immediate rewards on every purchase.

How to Apply for a Debit Card

Step 1: Determine Your Needs

Before choosing a debit card, assess your financial habits and needs. Consider whether you’re seeking cashback, travel perks, or student-friendly features.

Are you a frequent shopper, traveller, or student managing a tight budget? Identifying your primary spending patterns and what you value most in a debit card – rewards, low fees, or specific benefits – is essential.

This understanding will guide your choice, ensuring your card aligns with your lifestyle and financial goals.

Step 2: Research Options

Once you’ve identified your needs, research various debit cards available in Singapore. Explore their features, benefits, and fees. Look for cards that offer rewards and benefits that match your lifestyle, such as the best cashback debit card in Singapore for shoppers or the best travel debit card Singapore for frequent travellers.

Consider factors like annual fees, rewards programs, and user reviews. Comparing these features across different banks and their offerings will help you find a card that meets your requirements and offers the best value for your spending habits.

Step 3: Check Eligibility

After narrowing down your choices, check the eligibility criteria for the debit cards you’re interested in. Each card has specific requirements set by the issuing bank.

These often include age restrictions, minimum income levels, or, in the case of student cards, proof of enrollment in an educational institution. Some cards also require you to have an existing account with the bank.

Ensuring you meet these prerequisites is vital before proceeding with your application, as it saves time and increases the likelihood of your application being approved.

Step 4: Gather Necessary Documents

For a smooth application process, gather all necessary documents beforehand. You’ll need a valid identification document like a National Registration Identity Card (NRIC) or passport.

Additional documents such as an Employment Pass or Student Pass might be required if you’re a foreigner. Proof of address, often a utility bill or bank statement, is usually needed.

For income verification, recent payslips or bank statements are standard. Students should have their student ID or proof of enrollment ready. These documents will expedite the application process for your chosen debit card.

Step 5: Apply Online or In-Person

Once you have all your documents, apply for the online or in-person debit card. Online applications can be done on the bank’s website, offering convenience and speed.

For in-person applications, visit your chosen bank’s nearest branch. This option can be beneficial if you prefer face-to-face assistance or have specific questions.

Both methods require completing an application form and submitting the necessary documents. Choose the method that best suits your comfort and convenience.

Step 6: Await Approval

After submitting your application, the next step is to wait for approval. The processing time can vary depending on the bank and the completeness of your application.

Banks typically review the provided information to ensure eligibility and compliance with their criteria. During this period, you might be contacted for additional information or clarification.

Approval times can range from a few days to a couple of weeks. Patience is key during this phase, as the bank carries out necessary checks to approve your debit card application.

Step 7: Activate the Card

Once your application is approved and you receive your debit card, the next step is activation. This is a crucial security measure. Activation can be done through various methods, such as calling a designated phone number, using an ATM, or through the bank’s online banking platform.

Follow the instructions provided with your card. Activation verifies your identity and enables the card to be used. Ensure you complete this step before attempting transactions with your new debit card.

Step 8: Set Up Online Banking

After activating your debit card, set up online banking to manage your account efficiently. This can usually be done through the bank’s website or mobile app.

You must create a username and password and provide additional verification details. Online banking allows you to check balances, view transactions, transfer funds, and pay bills conveniently.

Conclusion

Applying for a debit card in Singapore is a systematic process that starts with understanding your financial needs and preferences. It involves thorough research of available options, checking eligibility criteria, and preparing necessary documentation.

The application process, whether online or in-person, is followed by a waiting period for approval. Once the card is received, activation and online banking are essential final steps. The right debit card can significantly streamline your financial transactions, offering convenience, security, and benefits tailored to your lifestyle.

Frequently Asked Questions

Financial Disclaimer:

The information provided herein is for general informational purposes only. It is not intended as financial, legal, or professional advice. While efforts have been made to ensure accuracy and up-to-dateness, the content may not reflect current legal or regulatory standards or developments. Individual circumstances vary, and users should seek personalized advice from qualified professionals if necessary. The author or publisher of this content does not accept responsibility for any losses or damages arising from the use, reliance on, or actions taken based on the information contained in this material.