No-Annual-Fee Credit Cards in Singapore — Ranked by Your Spending
4 Singapore credit cards charge no annual fee — a permanent S$0, not a first-year or spend-based waiver. This page ranks them by the cashback or miles you would earn on your spending; set your monthly spend and mile value to reorder. Updated June 2026
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Miles cards are ranked by projected miles × this value. Cashback is always face value.
Preset values are derived from the SGfi Miles Value Index — the same Saver-award and cash-fare data used across the site. Adjust to match how you redeem.
Ranked by projected gross S$-equivalent value at your spend and chosen mile value. Cashback counts at face value; miles are valued at the cents-per-mile you set. Ties broken alphabetically by issuer. Cards marked “Affiliate” earn SGfi a referral commission if you apply through these links — this does not influence the ranking.
Ranked by projected gross S$-equivalent value at your spend and chosen mile value. Ties broken alphabetically by issuer. Cards marked “Affiliate” earn SGfi a referral commission if you apply through these links — this does not influence the ranking.
Figures are estimates based on the spending you entered, assumed steady across the year, using standard Merchant Category Code (MCC) classifications and each issuer’s published rates. Monthly caps, annual fees and minimum-spend requirements are shown on every row and factored into the projections. Not modelled: promotional sign-up bonuses, merchant-specific exclusions, fee waivers beyond the first-year window shown, and future rate changes by issuers. First-year figures assume a new cardholder eligible for introductory rates; ongoing figures reflect post-introductory rates. Standard merchant coverage estimates are based on Singapore market share; you can adjust them in the settings above.
Actual earnings depend on your eligibility and each bank’s current terms, which may differ from the figures shown here — always verify with the issuer before applying.
How no-annual-fee credit cards work in Singapore
Not every "no annual fee" claim means the same thing. Some cards are free for the first year only, some waive the fee if you spend a set amount each year, and a smaller group carry a permanent S$0 fee with no condition at all. This page lists only the last kind — cards whose base annual fee is genuinely zero — so the figure you see is the figure you pay to hold the card, indefinitely.
A permanent no-fee card removes the usual break-even question: with nothing to recover, every dollar of cashback or miles is pure upside, however little you spend. The trade-off is that fee-free cards sometimes run lower caps, narrower bonus categories, or a flat rate rather than rich tiered bonuses, so a card with a small annual fee can still come out ahead once its rewards clear the fee. The calculator settles that for your spend by ranking on the rewards each card earns, with the annual fee shown on every row.
No-fee cards come in both flavours: cashback for a simple percentage back, miles for travel currency you value yourself. If you are open to a fee that a modest yearly spend would waive, the main cards comparison lists those too, with the fee and any waiver shown per row.
For how each figure is sourced, time-stamped, and built — and what the calculator does and does not model — read our methodology.
Frequently asked questions
Which Singapore credit cards have truly no annual fee?expand_more
This page filters the full dataset down to cards whose base annual fee is a permanent S$0 — not a first-year or spend-based waiver — and ranks them by what they would earn on your spending. Set your monthly spend above to see how the genuinely fee-free cards stack up for you.
Do no-fee cards still earn good rewards?expand_more
Many do. Plenty of fee-free cards earn competitively in everyday categories; the usual trade-off is a lower cap or a narrower set of bonus categories rather than a weak rate. Because there is no fee to recover, the rewards you earn are the whole return — the calculator ranks on exactly that.
No-fee cards: miles or cashback?expand_more
Both exist with no annual fee. Cashback is the simpler choice — a percentage back you can spend immediately — while a no-fee miles card builds travel currency that pays off if you redeem well. Use the cents-per-mile control to value miles your way and compare the two types on one ranked list.
What's the catch with no-annual-fee cards?expand_more
Usually it is a quieter rewards structure: tighter monthly caps, fewer bonus categories, or a flat rate instead of rich tiers. None of that is hidden here — every row shows the cap and the rate, and the ranking is by the rewards you would actually earn, so you can see whether a fee-free card keeps up with a paid one for your spend.
Are there cards with an easy fee waiver worth considering too?expand_more
Yes. Many cards waive the annual fee once you spend a modest amount over the year, which can be effectively free if you would hit that spend anyway. This page lists only permanent S$0-fee cards, but the main cards comparison includes waiver cards with the fee and its waiver condition shown on every row.