Cashback credit cards can sometimes feel like a juggling act.
One card gives more cashback on dining, another rewards groceries, and on top of that you've got quarterly cashback structures, category caps and different spending categories to keep track of.
The GXS Credit Card, launched in Singapore in August 2026, takes a simpler approach. Cardholders can earn 1.75% unlimited cashback on eligible local everyday spending with a low minimum spend of $500 per billing cycle, while eligible Grab transactions earn up to 10% unlimited instant cashback in GrabCoins.
There is also 1.75% unlimited cashback on eligible Singtel bills with no minimum spend, plus 10% unlimited instant cashback in GrabCoins on eligible overseas Grab spending with no minimum spend and no foreign transaction fees.
So, could the GXS Credit Card be one of the simplest cashback credit cards for everyday spending in Singapore? Let's look at how it works.
1.75% unlimited cashback on eligible local non-Grab spend
Spend at least $500 per billing cycle and earn 1.75% cashback, with no cashback cap.
Up to 10% unlimited instant cashback in GrabCoins
Eligible Grab spending earns from 3% to 10% cashback in GrabCoins, with no cashback cap.
1.75% unlimited cashback on eligible Singtel bills
No minimum spend and no cashback cap.
10% unlimited instant cashback in GrabCoins on eligible overseas Grab spend in Southeast Asia
No minimum spend and no foreign transaction fees.
First-year annual fee waiver
Customers approved by 31 December 2026 enjoy $0 annual fee for the first year.
T&Cs & disclaimers apply.
There is no cashback cap on any of these tiers, so your cashback can continue growing with your eligible spending. Cashback on eligible Grab spending is also credited instantly in GrabCoins after each transaction.
That's the part that makes the GXS Credit Card interesting: you don't necessarily have to choose between a flat-rate cashback card and one that rewards specific spending. You get an elevated rate on Grab and a flat 1.75% on other eligible local spending once you meet the minimum spend requirement.
For everyday local spending outside Grab, the GXS Credit Card gives you 1.75% unlimited cashback on eligible transactions once you spend at least $500 per billing cycle on eligible non-Grab spending. There is no cashback cap.
Here's what that could look like:
This covers eligible everyday spending across categories such as groceries, dining, transport, shopping and online purchases.
And because there's no monthly cashback cap, spending more doesn't mean hitting a ceiling and dropping to a lower cashback rate.
That's particularly useful if you prefer having one cashback credit card for most of your everyday spending, rather than remembering which card to pull out for lunch, groceries or your next online purchase.
T&Cs & disclaimers apply.
Note: Common exclusions include insurance premiums, government payments and education fees.
This is where things get more interesting for regular Grab users.
Eligible Grab transactions including Grab rides, GrabFood, Grab Dine Out, GrabMart and GrabExpress earn unlimited instant cashback in GrabCoins. The rate starts at 3% with no minimum spend and increases depending on how much you spend during your billing cycle.
So even if you only take the occasional Grab ride, you can start earning 3% instant cashback in GrabCoins from your first eligible transaction, with no minimum spend required. T&Cs & disclaimers apply.
Heavy Grab users can unlock the higher 5% and 10% tiers by meeting the respective Grab and off-Grab spending requirements.
And unlike cashback that only appears on your next statement, cashback from eligible Grab transactions is credited instantly in GrabCoins after each transaction.
If you're wondering what those GrabCoins translate to in actual savings, 500 GrabCoins are worth $1 on Grab. That means 5,000 GrabCoins are equivalent to $10 in Grab savings.
There's another benefit that's easy to overlook if you're a Singtel customer.
Eligible Singtel spending earns 1.75% unlimited cashback with no minimum spend and no cashback cap.
Unlike the card's general 1.75% cashback, you don't need to hit the $500 minimum spend to earn cashback on eligible Singtel bills.
That means whether your eligible Singtel bill is $20 or $50, you can still earn 1.75% cashback.
For households already paying Singtel mobile or broadband bills every month, that's effectively another recurring expense that can earn cashback without having to think about hitting a spending threshold.
T&Cs & disclaimers apply.
The GXS Credit Card is especially useful when you're travelling around Southeast Asia.
Eligible overseas Grab transactions earn 10% unlimited instant cashback in GrabCoins, with no minimum spend and no foreign transaction fees. And it isn't limited to getting around — eligible overseas Grab spend includes Grab rides, GrabFood, Grab Dine Out, GrabMart and GrabExpress.
So whether you're booking a ride from the airport, ordering supper back to your hotel or getting something delivered through Grab, you can continue earning 10% cashback in GrabCoins on eligible transactions while travelling around Southeast Asia.
For Singaporeans making a weekend trip to JB, for example, that's an easy benefit to use. There's no minimum spend to unlock the 10% rate, and your cashback is credited instantly in GrabCoins after each eligible transaction.
On top of that, GXS Credit Card doesn't charge a foreign transaction fee when you use the card for eligible foreign currency transactions, giving travellers another way to save on overseas spending.
T&Cs & disclaimers apply.
The headline cashback rates are attractive, but one of the stronger selling points for us is actually the structure.
Whether you're earning 1.75% on eligible local non-Grab spending or earning GrabCoins from eligible Grab transactions, there is no monthly cashback cap.
That means you don't have to calculate whether you've already maxed out a particular cashback bucket halfway through the month.
T&Cs & disclaimers apply.
Instead of having to remember whether you're using the right card for dining, shopping or groceries, eligible local non-Grab spending earns the same 1.75% unlimited cashback once you've met the $500 minimum spend requirement.
This makes it particularly straightforward for someone looking for an everyday cashback card rather than trying to optimise several different cards.
If you're interested in understanding why cashback caps and minimum spends matter when choosing a card, GXS Credit Card also has a useful explainer on what unlimited cashback actually means.
T&Cs & disclaimers apply.
You don't need to hit a minimum spend to start earning on Grab.
Eligible Grab spending starts at 3% unlimited instant cashback in GrabCoins, with higher tiers of 5% and up to 10% available as you hit the respective qualifying spends.
T&Cs & disclaimers apply.
Eligible Singtel bills earn 1.75% unlimited cashback regardless of how much you spend, with no cashback cap. T&Cs & disclaimers apply.
T&Cs & disclaimers apply.
You can manage the GXS Credit Card through the GXS Bank app, including tracking purchases, viewing rewards progress and temporarily freezing your card if you've misplaced it.
Comparison accurate as of 11 September 2026 and is for general information only. Rates and conditions subject to change — verify with each card issuer before applying. T&Cs apply to all cards.
There's also a little extra for early adopters of the GXS Credit Card.
From 25 Sept to 31 Oct 2026, enjoy S$108 off Grab rides, GrabFood, and GrabMart with GXS Credit Card if you sign up today on the GXS Bank app.
Redemptions are limited. T&Cs & disclaimers apply. Please refer to the GXS Credit Card website for more information.
For people who don't want to juggle multiple cards and cashback caps, the GXS Credit Card has a straightforward proposition — including what GXS positions as the highest unlimited cashback credit card in Singapore.
You get 1.75% unlimited cashback on eligible local non-Grab spending after meeting the $500 minimum spend, up to 10% unlimited instant cashback in GrabCoins on eligible Grab transactions, 1.75% unlimited cashback on eligible Singtel bills with no minimum spend, and 10% unlimited instant cashback in GrabCoins on eligible overseas Grab spending in Southeast Asia, with no minimum spend and no foreign transaction fees.
And importantly, there's no cashback cap across these tiers.
For regular Grab users, Singtel customers and anyone who wants a cashback card for everyday spending without having to constantly monitor category caps, that makes the GXS Credit Card worth a closer look.
The best cashback card ultimately depends on how you spend. But with up to 10% unlimited cashback in GrabCoins, alongside unlimited cashback on everyday local spending, the GXS Credit Card makes a strong case for itself as a simple, high-cashback option in 2026.
Find out more and apply for the GXS Credit Card
T&Cs & disclaimers apply.
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