10 Best Debit Cards in Singapore for a Payment Option [2021]

Debit cards are just one of the many payment options you can opt for.

Singapore Business Owners



Finance

Our team at SBO.sg is committed to being a one-stop avenue to connect local businesses and consumers. We hope that our research efforts can help you save time and money by finding you the best deals without having to search around the vast world-wide-web.

What is the best debit card in Singapore? Chances are that if you’re a student, a debit card would most likely be your first card and even for the older folks, you would probably have had a debit card at some point in time.

Most or almost all debit cards offer cash back and special rewards for their users, so how then do they differentiate themselves, begetting the question on how do you decide on 1 debit card? Here is our guide on the best debit cards in Singapore you can start looking picking from.

1. OCBC Frank Debit Card

Best Debit Card - OCBC Frank
Type of InformationDetails
Websitehttps://www.frankbyocbc.com/products/accounts/frank-account
PerksDesign Variety: With over 60 designs, you’re bound to find one you fancy
Interest: 4x more interest than regular savings accounts
Fees: No hidden fees
Cashback: 1% cashback when you shop at ASOS, Lazada and more
ApplicationApplication is easy too – Simply apply online here or head down to their branches for an instant sign-up
Most Suited forStudents

Frank by OCBC is a debit card catered to students, with no annual and foreign exchange transaction fees when you shop online from selected overseas websites. For youths between the age of 16 to 26, there is no initial deposit and monthly servicing fees, which we feel best suits the financial situation of youths, allowing them to save up more in these initial years.

Once you turn 26 years old, there is a service fee of S$2 if the average daily balance for the month is less than S$1,000. Another thing we like about the Frank account is its interest rates which can earn you 4x more than your regular savings account.

2. Citibank Debit Mastercard

Best Debit Card - Citibank
Type of InformationDetails
Websitehttps://www.citibank.com.sg/gcb/deposits/debit-card.htm
PerksMulti-Currency Feature: Access cash anytime overseas
Fees: No overseas cash withdrawal processing fee using Citibank ATM/Debit card though standard foreign exchange rates apply
Accessibility: Access to over 13,000 ATMs worldwide and enjoy free cash withdrawals from Citibank ATMs across more than 40 countries
Cashback: Mastercard Traveler Rewards offers exclusive and automatic cashback 
ApplicationApplication is easy too – Simply apply via this form or head down to their branches for an instant sign-up
Most Suited forFrequent travellers

Truly an international card – Access multiple foreign currencies, for payments and withdrawals at Citibank ATMs overseas at no additional conversion fee by applying for the Global Foreign Currency Account, which also allows one to enjoy attractive exchange rates.

With this card, enjoy up to 20% savings while shopping with selected merchants such as Klook, Sentosa and also Changi Airport.

3. DBS Visa Debit Card

Best Debit Card - DBS Visa
Type of InformationDetails
Websitehttps://www.dbs.com.sg/personal/cards/debit-cards/dbs-visa-debit
PerksTap and SimplyGo: Tap and SimplyGo on buses and trains without having to top up
Fees: No foreign exchange fee when you link your DBS Visa Debit Card to any multi-currency account with DBS
Cashback: Up to 10% Cashback on online food delivery and local transport for new cardmembers
ApplicationApplication is easy too – Simply apply online here or head down to their branches for an instant sign-up
Most Suited forAnyone really!

One of our best debit card picks is the DBS Visa Debit Card where you’ll get up to 10% cash back on online food delivery and local transport. Simply spend a minimum of S$500 on Visa and keep your cash withdrawals to S$400 and below in the same month. Good news incoming!

With effect from 1 August 2021, you may receive up to 4% cash back on online food delivery, local transport and foreign currency spent. We feel that this card caters more to those who”s on food delivery and public transport spending forms a larger proportion of their expenses as there are more cash back perks.

4. UOB ONE Debit Card

Best Debit Card - UOB One
Type of InformationDetails
Websitehttps://www.uob.com.sg/onecards/uob-one-debit-card.html
PerksTap and SimplyGo: Tap and SimplyGo on buses and trains without having to top up
Fees: Annual card fee of S$18 applies (first 3 years fee waiver). Enjoy an annual card fee waiver with 12 Visa or Mastercard transactions per year
Cashback: Get up to 3% cashback on Shopee Singapore, Dairy Farm Singapore and Grab transactions
ApplicationApplication is easy too – Simply apply online here or head down to their branches for an instant sign-up
Most Suited forThose who make frequent transactions, to avoid the annual card fee

This is another cashback focused card – enjoy up to 3% of cashback on online shopping, groceries, health and beauty, convenience stores, transport, food delivery and petrol.

We also like it for its variety of cashback options. However, this might not be the most wallet-friendly option as annual card fees apply and a minimum number of transactions needs to be made in order to waive that fee.

5. PAssion POSB Debit Card

Best Debit Card - PAssion POSB
Type of InformationDetails
Websitehttps://www.posb.com.sg/personal/cards/debit-cards/passion-posb-debit-card
PerksTap and SimplyGo: Tap and SimplyGo on buses and trains without having to top up
Fees: No annual fees and for the PAssion membership fee, it goes at S$12 for a 5-year membership (waived perpetually)
Cashback: 10% Cashback on Dining and Groceries
1-for-1 deals: On the 10th day of every month
ApplicationApplication is easy too – Simply apply online here or head down to their branches for an instant sign-up
Most Suited forAnyone really!

We like its wide range of privileges, ranging from that of attractions, entertainment, groceries, shopping and travel. Gain 1-for-1 deals at the following places on the 10th day of every month such as S.E.A. Aquarium and Cathay Cineplexes.

If you are a fan of shopping at Takashimaya, you are in for a treat as you can now enjoy 1% cashback at the store.

6. HSBC Debit Card

Best Debit Card - HSBC Debit Card
Type of InformationDetails
Websitehttps://www.hsbc.com.sg/debit-card/
PerksNo annual fee: Enjoy the convenience and faster transacting experience of your all-in-one card with no annual fee
Apple Pay: Enjoy the benefits of your HSBC Debit cards using Apple Pay. If you have a compatible Apple device, add your HSBC Debit Card to make easy, secure and private transactions right away
Cash Withdrawal: Get cash locally from over 800 locations like 7-Eleven, Cold Storage, Guardian, HSBC ATMs and atm5 Network
Eligibility: The customer is also required to maintain a transactional account (Flexi, Savings, Current, Premier Account)
ApplicationApply by phone
Most Suited forAnyone really, but perhaps more suited for Apple users with Apple Pay

We like the convenience of their cash withdrawal options from over 800 locations like 7-Eleven, Cold Storage, Guardian, HSBC ATMs and atm5 Network. Plus, they are having ongoing promotions where you’ll have a $0 fee on overseas cash withdrawal at all HSBC ATMs.

If you enjoy heading to the movies, you are in for a treat – save up to SGD40 on your movie ticket purchases with HSBC’s Movie Card.

7. NTUC Plus! Visa Debit

Best Debit Card - NTUC Plus!
Type of InformationDetails
Websitehttps://www.ocbc.com/personal-banking/cards/ntuc-plus-rewards-debit-card.page
PerksFuel savings: Link your Esso Smiles Account to your card to transfer your existing Smiles Points and enjoy greater fuel savings
Plus! App: Shopping, travelling and dining deals and discounts all in one app
ApplicationApplication is easy too – Simply apply online here or head down to their branches for an instant sign-up
Most Suited forNTUC members

The best debit card if you shop at FairPrice – Get up to 8% rebate at FairPrice and enjoy LinkPoints rebates at participating Plus! merchants – save on fuel, telco bills and other daily essentials. We also like their NTUC-OCBC Starter Account which can earn you up to 0.45% a year interest on your savings, with no initial deposit or monthly fee required.

8. DBS UnionPay Platinum Debit

Best Debit Card - DBS UnionPay
Type of InformationDetails
Websitehttps://www.dbs.com.sg/personal/cards/debit-cards/dbs-unionpay
PerksCashback: Enjoy up to 5% cashback all year round
ATM Fee waiver on cash withdrawals overseas: Enjoy greater savings abroad with S$7 ATM fee waivers on your cash withdrawals overseas
Contactless Payment with NETS FlashPay: Tap and pay with FlashPay for rides on MRT/LRT/Buses and taxis with FlashPay acceptance
ApplicationApplication is easy too – Simply apply online here or head down to their branches for an instant sign-up
Most Suited forAnyone really!

Like many other debit cards in the market, the DBS UnionPay card offers cashback and multiple rewards options. Also like many cards out there, there is no annual fee. With over 35 million merchants & 2 million ATMs, easily find an ATM to withdraw or deposit your cash.

9. Razer Card

Best Debit Card - Razer Card
Type of InformationDetails
Websitehttps://www.razer.com/sg-en/razer-card
PerksCashback: 1% cashback on all your purchases (except for e-Wallet top-ups) with no minimum spend and no cashback cap
Razer Perks: 10% cashback for Razer.com and Razer Gold purchases
Razer Pay companion app ensures secure and easy access to card controls
ApplicationA standard card is issued by default when a physical card is requested; to qualify for a Premium card, you’ll need to complete a certain series of tasks
Most Suited forAnyone really! But as their tagline goes – made for gamers by gamers

Definitely not your typical bank-issued card, but rather a gaming company issued card. From this, we would already have an inkling who this card would be most suited for – yes gamers you’re in for a treat! This Visa card has over 61 million acceptance points worldwide which makes it just like any other debit card.

You’ll also get to enjoy exclusive Visa offers and perks. Ever heard of the world’s first Visa card that lights up on payment? Yes, the Razer card does that just about right, with the physical numberless designed premium cards.

10. Maybank Platinum Debit Card

Best Debit Card - Maybank Platinum Card
Type of InformationDetails
Websitehttps://www.maybank2u.com.sg/en/personal/cards/debit/maybank-platinum-debit-card.page
Perks3x Treat Points: Earn accelerated TREATS Points on your Mastercard transactions with 3X TREATS Points for every S$5 spent in Malaysian Ringgit
Samsung Pay: Access to Samsung Pay mobile payment for most retailers in Singapore
ApplicationVisit any Maybank Branches to apply for the Maybank Platinum Debit Card
Most Suited forSamsung users with access to Samsung Pay

The Maybank Platinum Debit Card is a Mastercard Platinum Debit card, an ATM card and a NETS card, all combined into one. The TREATS Points can be redeemed for a host of privileges including frequent flyer miles, Capital Land vouchers, TWG tea and also OSIM products.

Conclusion

Do you have any reviews and comments to share regarding our choices for the best debit cards in Singapore?

While SBO is committed to supporting our local businesses, we welcome any feedback and anonymous sharing regarding your experience with the above-listed best debit card picks in Singapore.

We hope that this guide will be useful in helping you to make a better decision when it comes to finding the best debit cards in Singapore.

In this article

    Shares

    Think another brand deserves to be here? Let us know!

    Yes, I recommend!

    Subject to the discretion of the SBO Editorial Team.

    Like what you read? Follow us on Facebook and LinkedIn to get the latest updates.

    Subscribe for latest business insights and inspirations

    We will not share your contact information
    By registering, you agree to our T&C and Privacy Policy
    Always on the hunt for new ideas! I enjoy analysing how market conditions affect businesses and coming up with solutions intrigues me. Apart from this geeky side of me, I'm often in the gym HIIT-ing it out to some heart-pumping music.
    >