Best No Annual Fee Credit Cards in Singapore

Are you looking for a credit card with no annual fee in Singapore? These cards are the perfect choice for people who want to enjoy the benefits of credit cards without having to deal with an annual charge. Whether you’re after cashback, rewards, or travel perks, there are plenty of options available to match your needs.

No-annual-fee cards help you manage your spending while earning rewards, helping you stay within your budget. With a range of choices to explore, you can take advantage of the perks of a credit card without worrying about additional charges.

Our team has thoroughly researched the best no annual fee credit card Singapore for 2025, ensuring that you get the most up-to-date and relevant information to help you make an informed decision.

How do No Annual Fee Credit Cards Work?

The notion of no-annual-fee credit cards in Singapore may appear counterintuitive, considering the widespread expectation of an annual charge associated with credit cards.

Nevertheless, these cards function by eliminating the conventional yearly fee, enabling users to enjoy the benefits of a credit card without incurring an additional cost. There are diverse types of no-annual-fee credit cards, each with its unique mechanisms:

1. Automatic Fee Waivers: Certain credit cards feature automatic fee waivers, ensuring users are spared from annual charges if they meet specific criteria. This often entails achieving a minimum spending requirement within a designated timeframe.
2. Membership-Based Free Credit Cards: Some credit cards grant fee exemptions to specific groups based on membership. Members of organizations or associations may be eligible for credit cards with perpetual annual fee waivers as long as they maintain their membership.
3. Priority Banking Benefits: Priority banking customers regularly receive complimentary credit cards without annual fees, often linked to maintaining a particular level of banking relationship or account status.

Despite their straightforward nature, misconceptions about no-annual-fee credit cards are prevalent. Some individuals mistakenly believe that the absence of an annual fee implies fewer perks or benefits.

However, many of these cards still provide competitive rewards, cashback programs, and other valuable advantages. It’s crucial to understand that the simplicity of these cards does not compromise the quality of the benefits they offer, rendering them a cost-effective and rewarding choice for cardholders.

Overview of Best Credit Cards with No Annual Fees

Here’s a quick comparison table of the best credit card with no annual fee in Singapore:

HSBC Revolution Credit Card

Key Features/Product Details

• It offers 2.5% cashback on local spending.
• It gives 10 points per dollar for contactless spending.
• It provides 10 points per dollar for online shopping.
• There is no annual fee.
• It allows flexible redemption of rewards (cashback, miles, or points).
• There is instant reward redemption for airline miles and hotel points.
• It provides complimentary access to ENTERTAINER via the HSBC app (1-for-1 deals on dining, lifestyle, and travel).
• There are discounts of up to 16% at Caltex and 14% at Shell petrol stations.
• It provides up to S$300,000 in complimentary travel insurance when travel tickets are charged to the card.
• It’s compatible with Apple Pay, Google Pay, and Visa PayWave.
• There are exclusive SingSaver offers, including Dyson products, Apple iPad, Shark Cordless Vacuum, or S$390 Cash via PayNow.

Benefits:

• It offers flexible rewards, allowing you to choose between cashback, miles, or points.
• It’s perfect for online shoppers and those who frequently use contactless payments.
• There’s no minimum spend requirement.
• It provides great value with no annual fee.
• There are exclusive promotions and discounts available.
• It comes with complimentary travel insurance when you charge travel tickets to the card.
• There is instant redemption for travel-related points like miles and hotel stays.
• It gives you discounts on fuel at Caltex and Shell petrol stations.

Whom It’s Best For:

This credit card with no annual fee Singapore is perfect for those seeking flexible rewards (cashback, miles, or points) with no annual fee and no minimum spend. It’s ideal for online shoppers, contactless payment users, and travelers who value complimentary travel insurance and exclusive discounts.

Standard Chartered Smart Credit Card

Key Features/Product Details

• It allows you to earn up to 10% cashback for spends above S$1,500 on selected merchants.
• It allows you to earn up to 8% cashback for spends above S$800 on selected merchants.
• It offers 0.5% cashback on all other spends with no monthly cap.
• It allows 0% installment rate for up to 3 months with SC Easy Pay.
• It has no annual fee or cashback cap.
• It provides complimentary access to over 1,700 airport lounges with Visa SmartDelay™ for flight delays.
• It has no cash advance fee.
• It offers eligible rewards, including Apple AirPods Gen 4, Hinomi Ergonomic Chair, S$250 Shopee Voucher, or S$200 Cash via PayNow.

Benefits:

• It comes with interest-free installment options (3 months) and no cash advance fee.
• There’s no annual fee, making it an affordable choice for regular spenders.
• It offers exclusive rewards, including AirPods, vouchers, and cash via PayNow.
• There’s complimentary access to airport lounges for travel convenience.

Whom It’s Best For:

This no annual fee credit card Singapore is ideal for individuals who spend regularly with selected merchants and want flexible rewards. It’s also great for those looking for an installment option and enjoying travel perks like lounge access, all while avoiding annual fees.

UOB EVOL Card

Key Features/Product Details

• It offers up to 10% cashback on local online and mobile contactless spending (Apple Pay, Samsung Pay, Google Pay).
• It gives 10% cashback on selected gym, telco, and streaming services.
• It provides 1% cashback on all overseas foreign currency spend.
• There is 0.3% cashback on all other spends.
• It offers no foreign exchange fees on overseas spending with no minimum spend requirement.
• There is a S$350 Cash Credit welcome offer.
• You can enjoy the no annual fee on your UOB EVOL Card by making at least 3 transactions each month for 12 months in a row, before the date your annual fee is charged.
• There is access to over 1,000 deals at eco-friendly, dining, and online shopping merchants.
• It allows you to earn up to 5.3% p.a. interest with UOB One Account+.

Benefits:

• It offers up to 10% cashback on local online, mobile contactless spending, and selected gym, telco, and streaming services.
• It provides 1% cashback on overseas foreign currency spend and 0.3% cashback on all other purchases.
• There are no foreign exchange fees on overseas spending, making it ideal for frequent travelers.
• It offers a welcome offer of S$350 Cash Credit and additional savings with UOB One Account+.

Whom It’s Best For:

It’s perfect for individuals who frequently make online purchases, use mobile payment options, or spend on gym, telco, and streaming services. It’s also ideal for travelers who want to avoid foreign exchange fees and enjoy cashback on overseas spending.

CIMB Visa Signature Card

Key Features/Product Details

• It offers 10% cashback on online shopping, groceries, beauty/wellness, pet shops, veterinary services, and cruises.
• It provides up to 3% cashback on overseas spending.
• There is unlimited 0.2% cashback on all other spending.
• It comes with complimentary travel insurance of up to S$500,000 when you charge travel fares to the card.
• It offers no annual fee for life, plus up to 4 supplementary cards with no annual fees.

Benefits:

• It offers no annual fees for life, making it a cost-effective option.
• It includes complimentary travel insurance of up to S$500,000 when you use the card for travel fares.
• There’s a generous welcome offer, with up to S$188 cashback depending on spending.
• There are exclusive rewards like S$50 Cash via PayNow and up to S$188 Cashback with minimum spend requirements.

Whom It’s Best For:

This no annual fee credit card Singapore is ideal for individuals who frequently shop online, travel overseas, or spend on groceries, beauty, and wellness. This card is also great for those looking for a no-annual-fee option that rewards everyday spending while offering valuable travel benefits.

CIMB World Mastercard

Key Features/Product Details

• It offers unlimited 2% cashback on dining, movies & digital entertainment, taxi, ride-hailing, automobiles, and luxury goods.
• It provides unlimited 1% cashback on all other eligible spending with no minimum spend requirement.
• There’s a 50% discount on green fees at 25 golf courses.
• It can be used for bus and train rides with SimplyGo.
• There’s no annual fee for life and up to 4 supplementary cards with no annual fees.
• Exclusive rewards include S$50 Cash via PayNow and up to S$188 cashback with minimum spend requirements.

Benefits:

• There’s no annual fee for life, making it a cost-effective choice for regular spenders.
• It provides complimentary access to over 1,000 airport lounges and golf course discounts.
• It offers valuable rewards like cashback and exclusive offers with no minimum spend requirement.

Whom It’s Best For:

This credit card with no annual fee Singapore is perfect for frequent diners, entertainment lovers, and travelers who want generous cashback rewards. It’s also ideal for individuals looking for a card with no annual fee and additional travel and leisure benefits like airport lounge access.

CIMB Visa Infinite Card

Key Features/Product Details:

• It offers 2% Cashback on travel, overseas spending, and online spending in foreign currencies.
• It provides 1% Cashback on all other retail spending.
• It includes 3 Complimentary Global Lounge Accesses at over 1,000 airports worldwide annually.
• It includes Travel Insurance Coverage up to S$1 million for you and your family when full travel fares are charged to the card.
• It has No Annual Fee for life, including the ability to add up to 4 supplementary cards without fees.
• It offers Exclusive Rewards. You can receive S$50 Cash via PayNow and up to S$188 cashback with qualifying spends.

Benefits:

• It’s ideal for frequent travelers, offering 2% cashback on travel and international spending, making it a great choice for those who travel often.
• It’s cost-effective for regular use, as there are no annual fees for life, providing long-term savings.
• It provides complimentary airport lounge access at over 1,000 global lounges, enhancing your travel comfort.
• It offers comprehensive travel insurance, giving peace of mind with up to S$1 million in coverage for you and your family when charging travel fares to the card.
• It offers a generous welcome offer, with up to S$188 cashback available with qualifying spends, providing instant rewards upon sign-up.

Whom It’s Best For:

This card is designed for high-income earners who frequently travel and want to earn generous cashback on international and foreign currency purchases. It’s also perfect for individuals seeking a no-annual-fee card with added travel perks like lounge access and travel insurance coverage.

Credit Cards with Annual Fees vs No-Annual-Fee Cards: Which is Better?

Choosing between a credit card with an annual fee and one without can be a tough decision, but it really depends on how you use your card and what benefits you value the most. Let’s explore the differences to help you make an informed choice.

Credit Cards with Annual Fees:

If you spend a lot of money, you can get a credit card that has an annual fee. Such cards tend to offer better rewards on certain spending categories mainly travel, dining and groceries which can recover the cost of the annual fee quickly. For instance, if you routinely spend on travel or dining out, the additional cash back you receive or qualifying miles would more than pay for the fee.

Also, many high-end cards have airport lounge access, travel insurance, concierge service, and other benefits among many other things. If you use these benefits frequently, they can add substantial value over time, justifying the annual fee.

No-Annual-Fee Cards:

On the other hand, a no-annual-fee card is generally a better option for people who don’t spend much or rely on their credit cards often. If you don’t spend much in a month, then the premium card’s benefits may not be worth its membership fee. In these scenarios, a card with no annual fee can be cheaper. They’re an easy way to earn rewards without having to commit any money upfront.

Cards that do not charge annual fees are perfect for occasional and simple users. You earn simple rewards on your everyday purchases, build credits without worrying about an annual fee.

A Practical Comparison:

Let’s compare two credit cards:

1. UOB EVOL Card (No Annual Fee)

• Cashback on groceries: 0.3%
• Weekly overseas spending of $25: Earns around $3.90 in rewards.

2. Citi Cash Back Card (Annual Fee: S$196.20)

• Cashback on groceries: 6.0%
• Weekly overseas spending of $25: Earns about $3.90, but after factoring in the annual fee, the net benefit could be negative.

The Citi Cash Back Card offers a higher cashback rate, but its annual fee could diminish your rewards if you don’t spend enough in the targeted categories. For those with more modest spending, a no-annual-fee card like the UOB EVOL Card could be a more practical choice, offering simpler and more predictable benefits.

If you spend frequently in some categories and use card benefits regularly, a credit card with an annual fee is worth it. A no-annual-fee card might be more cost-effective if you spend less and use the card occasionally. Consider your spending behaviour to determine which card is more valuable to you?

How to Get the Annual Fee Waived on a Credit Card

Paying an annual fee on your credit card can be avoided in some cases. Many card issuers allow customers to get the fee waived. This could be either a new customer promotion or an existing customer incentive.

Some cards offer an annual fee waiver on the first year which lets you enjoy the card without paying for it upfront. Some cards may not charge an annual fee if you meet certain spending criteria in the first few months for optimum usage.

For example, the Citi Cash Back Card offers a waiver for the first year, making it a great option to enjoy premium benefits without paying for the first 12 months. Similarly, cards like the POSB Everyday Card and the DBS Altitude Visa Signature Card also offer similar promotions. These offers provide an excellent opportunity to enjoy the benefits of a credit card without the initial annual fee burden.

To find cards that offer annual fee waivers or promotions, look for curated lists of credit card deals, which are regularly updated with the latest offers, making it easy for you to find a card that suits both your needs and your budget. This way, you can save money while maximizing the value of your credit card perks.

Frequently Asked Questions

Financial Disclaimer:

The information provided is for general informational purposes only and should not be considered financial advice. It may not reflect the most current market conditions, and users are encouraged to conduct their own research and consult with qualified financial professionals before making any financial decisions. We do not guarantee the accuracy or completeness of the information and disclaim any liability for errors or damages arising from its use. Financial decisions involve risk, and past performance does not indicate future results. Users should consider their own financial goals and circumstances before making any investment decisions.