It’s nearly 1.5 years since Version 2 was published and I did not realise that there were so many changes until I started updating the below table! These are the main changes below:
1. ANZ – came up with a new product called Optimum MasterCard which offers 5% rebate on a particular category. However, do note that you need to update your category every quarterly if not you will lose the additional rebate
2. Citibank – The dividend and SMRT cards could be used interchageably at the supermarkets previously but do note there are subtle differences now. For the dividend card, you need to spend a minimum of $50 before you get any bonus rebate of 5%. On top of that, if you spend at Giant or Cold Storage, you get 3% DIV$ only as the other 2% comes in the form of CITI$. Also note that NTUC does not earn any rebate on this card! For SMRT card, you can use it for smaller purchases <$50 as you get 2.7% rebate minimum but only at Giant, Sheng Siong and NTUC
3. HSBC – They have revised their rebate scheme to a 2 tier structure based on your spending of either $400 or $800 minimum a month for the entire quarter. There are easier cards to get the 5% cash rebate if you ask me.
4. OCBC 365 Card – one of the better cards for dining (6% on weekends), but has a minimum spending of $600/month, so you can make up the difference with this card at the supermarkets since there is 3% rebate at all supermarkets
5. POSB Everyday Card – New promotion with 3% rebate at NTUC, Giant, Cold Storage etc but with a minimum spend of $500 per month on the card.
6. Stanchart Singpost Card – The rebate has been reduced from 6% to 2%
7. UOB Delight Credit Card – The rebate structure has been modified as well, now you get a maximum of 8% rebate if you meet the minimum spending of $800.
8. UOB JCB Platinum – If you love the japanese supermarket Meidi-Ya, this card is perfect
Overall, the banks are getting smarter and changing the playing field once in a while, so do note the fine print. Would appreciate any comments or other cards that have been missed out! 
4 COMMENTS
How about the OCBC 365 card that offers 3% cashback on groceries at supermarkets island wide with a minimum spend of $600?
Thanks! How could I have missed that out! Will add that in shortly!
Thank you, excellent table. Really appreciate you doing the comparison, now I’ve to stop using my Standard Chartered card which is giving one of the worst rebates!
Yes, there are so many better ones out there! Watch out for the T&Cs for some of them though