Updated September 29, 2022
Excellent! ROSHI has found 23 No Annual Fee cards for you.
UOB EVOL Card
8%Cash Back on Mobile Contactless spend
8%Cash Back on Online spend
0.3%Cash Back on other spend
On UOB's website
Card Features
Annual Interest Rate and Fees
Anual Interest Rate25.90%
Principle Annual Fee$193
Supplementary Annual FeeN/A
Fee Waiver1 year fee waiver
Minimum Monthly Repayment3% or S$50, whichever is higher
Interest Free Period21 days
Minimum Income Requirements
Singaporean$30,000.00
Foreigner$80,000.00
Other
Card AssociationVisa
Wireless PaymentVisa payWave, Apple Pay, Samsung Pay, Android Pay, Mighty Pay
ICBC Horoscope Credit Card
2%Cash Back on Selected Shopping and Dining
3%Cash Back on Overseas Spend
3 yearsAnnual Fee Waiver
On ICBC's website
Card Features
Annual Interest Rate and Fees
Anual Interest Rate24.00%
Principle Annual Fee$150
Supplementary Annual FeeS$75
Fee WaiverAvailable
Minimum Monthly Repayment3% or S$50, whichever is higher
Interest Free Period25 days
Minimum Income Requirements
Singaporean$30,000.00
Foreigner$30,000.00
Other
Card AssociationUnionPay
Wireless PaymentQuickPass
HSBC Revolution Credit Card
S$1= 5X Pointson Online, Dining and Entertainment
S$1= 1X Pointon All Other Spend
1 Point = 0.4 MilesRewards to Miles Conversion for Selected Airline Partners
On HSBC's website
Card Features
Annual Interest Rate and Fees
Anual Interest Rate25.90%
Principle Annual Fee$150
Fee WaiverAvailable
Minimum Monthly Repayment3% or S$50, whichever is higher
Interest Free Period20 days
Minimum Income Requirements
Singaporean$30,000.00
Foreigner$40,000.00
Other
Card AssociationVisa
Wireless PaymentVisa payWave, Apple Pay
Citi SMRT Card
5%Cash Back at Selected Grocery Stores
S$600Cash Back Cap per year
S$300Min. Spend per month
On Citibank's website
Card Features
Annual Interest Rate and Fees
Anual Interest Rate25.90%
Principle Annual Fee$193
Supplementary Annual Fee$96.30
Fee WaiverAvailable
Minimum Monthly Repayment1% or S$50, whichever is higher
Interest Free Period25 days
Minimum Income Requirements
Singaporean$30,000.00
Foreigner$42,000.00
Other
Card AssociationVisa
Wireless PaymentVisa payWave, Samsung Pay
UOB YOLO Credit Card
Up to 8%on Online, Grab, Dining and Entertainment spend
Up to S$80Cash Back Cap per month
S$600Min. Spend per month
On UOB's website
Card Features
Annual Interest Rate and Fees
Anual Interest Rate25.90%
Principle Annual Fee$193
Supplementary Annual FeeN/A
Fee WaiverAvailable
Minimum Monthly Repayment3% or S$50, whichever is higher
Interest Free Period21 days
Minimum Income Requirements
Singaporean$30,000.00
Foreigner$40,000.00
Other
Card AssociationVisa
Wireless PaymentVisa payWave, Apple Pay, Samsung Pay, Android Pay, Mighty Pay
Standard Chartered Platinum Visa/MasterCard Credit Card
S$1 = 2X Pointson All Spend when you open a SCB Current Account
S$1 = 1X Pointon All Other Spend
1 Point = 0.4 MilesRewards to Miles Conversion
On Standard Chartered's website
Card Features
Annual Interest Rate and Fees
Anual Interest Rate26.90%
Principle Annual Fee$193
Supplementary Annual FeeN/A
Fee WaiverAvailable
Minimum Monthly Repayment1% or S$50, whichever is higher
Minimum Income Requirements
Singaporean$30,000.00
Foreigner$60,000.00
Other
Card AssociationMasterCard, Visa
Wireless PaymentMasterCard PayPass, Visa payWave, Apple Pay, Samsung Pay, Google Pay
Standard Chartered Rewards+ Credit Card
S$1= 10X Pointson Foreign Currency Spend
S$1= 5X Pointson Local Dining Spend
1 Point = 0.29 MilesRewards to Miles Conversion
On Standard Chartered's website
Card Features
Annual Interest Rate and Fees
Anual Interest Rate26.90%
Principle Annual Fee$193
Supplementary Annual FeeN/A
Fee WaiverAvailable
Minimum Monthly Repayment1% or S$50, whichever is higher
Minimum Income Requirements
Singaporean$30,000.00
Foreigner$60,000.00
Other
Card AssociationVisa
Wireless Payment Visa payWave, Apple Pay, Samsung Pay, Google Pay
Standard Chartered Spree Credit Card
3%Cash Back on Online Spends in Foreign Currency
S$60Cash Back Cap per month
S$0Min. Spend per month
On Standard Chartered's website
Card Features
Annual Interest Rate and Fees
Anual Interest Rate26.88%
Principle Annual Fee$193
Fee WaiverAvailable
Minimum Monthly Repayment1% or S$50, whichever is higher
Minimum Income Requirements
Singaporean$30,000.00
Foreigner$60,000.00
Other
Card AssociationVisa
Wireless PaymentVisa payWave, Apple Pay, Samsung Pay, Google Pay
OCBC Cashflo Credit Card
1%Cash Rebate with Monthly Bill of S$1,000 and above
S$100Cash Rebate Cap per month
S$0Min. Spend per month
On OCBC's website
Card Features
Annual Interest Rate and Fees
Anual Interest Rate26.88%
Principle Annual Fee$161
Supplementary Annual Fee$80.25
Fee WaiverAvailable
Minimum Monthly Repayment3% or S$50, whichever is higher
Interest Free Period23 days
Minimum Income Requirements
Singaporean$30,000.00
Foreigner$45,000.00
Other
Card AssociationMasterCard
Wireless PaymentApple Pay, Samsung Pay, Google Pay
OCBC Titanium Rewards Card (Blue)
S$1 = 10 OCBC$on Online, Offline, Local and Overseas spend
S$50 Titanium cashwith 18,000 OCBC$
10 OCBC$ = 4 MilesRewards to Miles Conversion
On OCBC's website
Card Features
Annual Interest Rate and Fees
Anual Interest Rate26.88%
Principle Annual Fee$193
Supplementary Annual Fee$96.30
Fee WaiverAvailable
Minimum Monthly Repayment3% or S$50, whichever is higher
Interest Free Period23 days
Minimum Income Requirements
Singaporean$30,000.00
Foreigner$45,000.00
Other
Card AssociationMasterCard
Wireless PaymentApple Pay, Samsung Pay, Google Pay
A no annual fee credit card is one that has absolutely no annual fee forever. Some banks offer temporary annual fee waivers for their credit cards. However, only a select few waive the fee permanently.
There’s no one best no annual fee credit card. The best for you will depend on where you tend to spend money and how often. If you don’t spend often, a no annual fee credit card without a minimum spend option. Make sure to keep an eye on interest rates too.
| Credit Card Name | Fee Waiver | Perks | |
|---|---|---|---|
| POSB Everyday Card | 1 Year Fee Waiver | High cash rebats on dining and online shopping | |
| OCBC 365 Credit Card | 2 Year Fee Waiver | High cashback on dining & online food delivery | |
| Citi Cash Back Card | 1 Year Fee Waiver plus 2 Supplementary Cards | Save on dining, groceries and Grab | |
| DBS Altitude Card | 1 Year Fee Waiver | Earn miles on online flight and hotel transactions | |
| Unlimited Cashback Credit Card (Standard Chartered Bank) | 2 Year Fee Waiver | Unlimited cashback plus Ez-link | |
| UOB PRVI Miles Card | 1 Year Fee Waiver plus 2 Supplementary Cards | Highest miles per dollar spend ratio |
Most no annual fee credit cards are quite simple. However, some do come with a variety of useful benefits. Take a look at the sections below to learn what benefits to keep an eye out for:
The best ones are found at HSBC and Maybank, as they offer the best annual fee waiver options.
This way, having a platinum no annual fee credit card is very valuable. You’ll likely find that the rewards aren’t quite as good as those with a typical platinum credit card, but omitting the annual fee removes any risk of losing money from it!
Obviously, this isn’t a permanent thing. You couldn’t get 0% rates and waived annual fees forever. Typically, you will get these benefits for six to twelve months. So, this is a perfect card to look for if you are planning to spend a whole lot all at once, rather than small amounts over time.
The waivers on these cards tend not to last long, so aim to get it during a time where you’re planning to make a big overseas trip.
Some cards do not have an annual fee. On top of that, certain credit cards allow you to waive the annual fee for several years.
You must call your bank right after seeing the bill for the annual fee. You will need to answer a few questions and the bank will determine whether you are eligible for a credit card fee waiver or not, depending on your payment history.
A credit card that comes with annual fees usually has better promotions and rewards than a credit card that doesn’t have them. Someone who spends quite a lot on one card would benefit more from a credit card with an annual fee. Those who use their card very little should look for one without an annual fee.
While it may be difficult to work this out on your own, we have a fantastic comparison tool that will assist you in finding the best business credit card for you. It will help you find the very best in all of Singapore!
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