Best Debit and Student Debit Cards in Singapore 2024

The SAFRA DBS Debit Card offers great cashback rates on almost all types of spend. Cardholders who spend above S$400 monthly qualify for 2% cash back rebate on all contactless Mastercard spend. Additionally, cardholders also earn 1% on all online spend and 0.3% on all retail spend.

Aside from foreign exchange spend, the SAFRA DBS Debit Card allows members to earn cashback and a variety of purchases, making it very beneficial to card holders that frequently charge their debit or credit card. The limit to the cashback earnings with this debit card is capped at S$50, which is amongst the highest cashback caps. Overall, the SAFRA DBS Debit card offers great value to card holders with frequent and diverse spending.

The DBS Visa Debit Card offers great value for any student looking to earn cashback on their purchases. It offers 4% cashback on online food delivery, which will benefit students that frequently order takeout. It also offers 3% cashback on local transport, and online spend, which gives students the added benefit of getting rewards if they commute or make frequent purchases online. Additionally, it offers 2% cashback on all foreign currency spend.

The cashback limit is established on a user-by-user basis. Once an individual signs up for their debit card, their monthly cashback limit will be established. In order to qualify for the cashback rewards, cardholders must spend a monthly minimum of S$500 and withdraw less than S$400. Overall, this card greatly benefits students that find themselves frequently making a wide variety of purchases.

The OCBC Plus! Visa Debit Card is a great option for frequent online shoppers, who can enjoy 4% off of all online purchases from FairPrice. To qualify for the discount, cardholders must spend a minimum of S$200 outside of FairPrice in order to start earning the rebate. The rebate is given in the form of LinkPoints where 100 LinkPoints is equal to S$1.

Additionally, cardholders don’t have to worry about paying a card fee if their annual spend exceeds S$1,200. Overall, the OCBC Plus! Visa Debit Card is a great card for the average spender who wants to rebate points for their FairPrice online spending.

The NTUC Plus! is one of the best debit cards for grocery spend cashback and rebates. It offers 8% cashback (4% cashback, 4% LinkPoints rebate) on all FairPrice, Unity, and Warehouse Club in-store purchases. Additionally, this card offers 8% cashback (4% cashback, 3% LinkPoints rebate) for all FairPrice online purchases. The LinkPoints conversion is 100 LinkPoints = S$1.

In order to qualify for the discounts, a minimum spend of S$200 outside of FairPrice is required to qualify. In order to qualify for the discounts, a minimum spend of S$200 outside of FairPrice is required to qualify. The total amount of cashback is limited to S$240 per year. Overall, the NTUC Plus! Debit Card offers great rates for grocery purchases and will benefit the debit card holder greatly.

The Bank of China Great Wall International Debit Card offers cardholders a rate of 0.1% cashback on all of their purchases including retail. In order to earn the cashback rate, a cardholder must spend a minimum of S$100 monthly to qualify. The limit on the cashback rate is capped at $10.

Another added benefit of the Great Wall International Debit Card is that there is no annual fee, giving cardholders the opportunity to save on card related expenses. Overall, the Bank of China Great Wall International Debit Card offers a fair rate to retail shoppers at a low minimum spend threshold.

The DBS Visa Debit Card is great for overseas travelers who frequently spend in foreign currency. Cardholders earn 2% Cashback on all foreign currency spend. Additionally, there is no exchange fee if the card is linked to a DBS Multi-Currency Account. Along with foreign currency cashback, the DBS Visa Debit Card also offers 4% cashback on online food delivery, and 3% cashback on all local transport.

In order to qualify for cashback, the debit card holder must have a minimum monthly spend of S$500 and withdraw less than S$400. Overall, the DBS Visa Debit Card offers great currency exchange cashback and has no foreign exchange fee, making it a beneficial debit card for any international traveler.

The KrisFlyer UOB Debit Card is a great option for frequent fliers. Cardholders earn 0.4 miles for every S$1 spent. Additionally, there is potential to earn 5 bonus miles when the cardholder deposits S$1000 into their account, and an additional bonus mile when they debit their salary, giving the debit card holder the opportunity to earn 6.4 total miles for every S$1 spent. The bonus miles are capped at 5% of the average monthly balance in the account.

Overall, frequent fliers will benefit greatly from this debit card’s reward miles and discounted airline transportation.

The UOB One Debit Visa Card offers the highest interest rate on account balances out of all debit cards. The interest rate offered is a high 2.5% p.a. In order to qualify for this interest rate, the card holder must have a minimum monthly spend of S$500. In addition, the card holder must also debit their monthly salary, which is required to be a minimum of S$2000 per month. For comparison, alternative debit card interest rates are around .05%, making the UOB One Debit Visa Card substantially more beneficial than other debit cards.

Overall, the UOB One Debit Visa Card offers significantly higher interest rates on account balances when compared to competitors. Debit card holders who typically keep high account balances will benefit greatly from this debit card. If you are looking for alternatives to earn interest on your account balance, UOB credit cards also offer boosted savings, in addition to more competitive cashback and rewards.

The Bank of China Great Wall International Debit Card is a great card for anyone at least 16 years or older. With no annual fee or minimum annual spend, it is a great card for teenagers who may need to make the occasional purchase, but are not ready to make a commitment to a card with a required minimum spend. With the Great Wall International Debit Card, cardholders earn a cashback rate of 0.1% on all local spend, which is slightly better than they would earn by paying with cash. In order to qualify for the rate, a cardholder must spend a minimum of S$100 per month, and cashback is limited to S$10. Still, this type of debit card can help teenagers establish proper spending habits. .

Overall, with no requirement to meet minimum spend, and the potential to earn cashback on all local spend, the Great Wall International Debit Card stands as a great debit card for 16 year olds. As an alternative to the Great Wall International Debit Card, check out our guide on supplementary credit cards, which are a great option for first time cardholders.