GXS Credit Card vs Mari Credit Card vs Trust Freedom Card: Which Has the Highest Unlimited Cashback

Key Takeaways

The GXS Credit Card earns 1.75% uncapped cashback on local non-Grab spend, subject to a low minimum spend of S$500 on non-Grab spend—the highest evergreen rate—against 1.5% for the Mari Credit Card and Trust Freedom credit card.
The standout: a flat 10% instant cashback in GrabCoins on overseas Grab spend, uncapped, no minimum spend, zero FX fees. That’s impressive.
Grab spend in Singapore earns 3% in GrabCoins from the first dollar, no minimum spend required and earns up to 10% on higher spending tiers.
Our take: the GXS Credit Card is best for (i) regular Southeast Asia travellers who use Grab abroad and (ii) everyday spenders who can easily clear S$500 in eligible non-Grab spend per billing cycle—in both scenarios, it ranks as the highest unlimited cashback credit card in Singapore.

Singapore’s unlimited cashback card field is crowded, with five noteworthy cards competing for your wallet slot: the GXS Credit Card, the Mari Credit Card, the Trust Freedom Credit Card, the UOB Absolute Cashback Card and the OCBC INFINITY Cashback Card.

Our verdict up front: the GXS Credit Card holds the highest local cashback rate at 1.75% and earns up to 10% instant cashback in GrabCoins on overseas Grab spends—an unmatched combination among evergreen unlimited cashback cards in Singapore.

Let’s deep dive into this new unlimited cashback card by GXS Bank!

GXS Credit Card Local Cashback: 1.75%

At 1.75% uncapped cashback with no monthly ceiling, the GXS Credit Card leads the evergreen field.

Card	Cashback rate	Min. spend	FX fee	Overseas earn	Annual fee
GXS Credit Card	1.75%	S$500/billing cycle, non-Grab transactions No min. spend, unlimited 1.75% on Singtel bills	0%	10% instant cashback in GrabCoins on overseas Grab spends. No min. spend, no FX fees	S$196.20, 1st year free for customers approved by 31 Dec 2026
Mari Credit Card	1.5%	None	0%	1.5%, capped at S$1,500/mth	None
Trust Freedom Card	1.5%	None	0%	0.5%	None
UOB Absolute Cashback Card	1.7%	None	~3.25%	1.7%	S$196.20, 1st year waived
OCBC INFINITY Cashback Card	1.6%	None	~3.25%	1.6%	S$196.20, 1st year waived

Some might point out UOB Absolute’s 2% cashback rate, but their promotion runs only until 31 January 2027 before reverting to 1.7%. Promotional ≠ evergreen!

For the Trust Freedom Credit Card, we’ve focused our comparison on its 1.5% unlimited cashback perk; the card’s 15% bonus and 3% Stockback features are quarterly capped, so they fall outside an unlimited comparison.

That means the GXS Credit Card’s 1.75% is the highest unlimited local cashback rate as it stands. As a plus, Singtel bills earn the same 1.75% with no minimum spend required at all.

Understanding the Low S$500 Minimum Spend

Once you hit S$500 in eligible local non-Grab spend* in a billing cycle, every eligible dollar earns 1.75% unlimited cashback with no cap. For most Singaporean households, that threshold clears naturally across a month of regular spending; groceries, dining, transport, retail, subscriptions and online purchases all count!

*This excludes: foreign currency spend, plus the usual exclusions of utilities, insurance, education, government services, hospitals, prepaid top-ups and donations. Local Grab transactions don’t count towards it either, but they earn their own higher rates, covered next.

You can clear the minimum threshold even more comfortably by consolidating your spending onto one card.

Local Cashback on Grab Spend

Grab spend in Singapore earns instant cashback in the form of GrabCoins from the first dollar, with no minimum spend required.

Grab spend per billing cycle	Cashback rate	Condition
Any amount	3%	No minimum spend
S$500 – S$999.99	5%	S$500 min. non-Grab spend
S$1,000 and above	10%	S$500 min. non-Grab spend

Higher rates apply only to the portion within each band.

The Standout: Overseas Grab Spend

Every Grab spend outside Singapore earns a flat 10% instant cashback in GrabCoins—Grab rides, GrabFood, GrabMart, any Grab service.

No minimum, no cap, no FX fee.

For a four-day regional work trip, S$220 of Grab rides and food deliveries mean:

GXS Credit Card: 10% = 11,000 GrabCoins ≈ S$22, plus ~S$7.15 FX fees avoided.
Mari Credit Card: 1.5% = S$3.30, no FX fee.
Trust Freedom card: 0.5% = S$1.10, no FX fee.
OCBC INFINITY Cashback: 1.6% = S$3.52, less ~S$7.15 FX fees. Net negative.
UOB Absolute Cashback: 1.7% = S$3.74, less ~S$7.15 FX fees. Net negative.

About six times more cashback than the nearest rival, and Grab’s monthly GrabCoins Flash Sale, often 7-day long from the 15th to 22nd, can stretch coins further, though offers vary.

Our Take: Who Is the GXS Credit Card Best for?

The GXS Credit Card is built for two types of spenders: regular Grab users who want instant cashback on all their Grab spends, and everyday spenders who want the highest unlimited cashback rate in Singapore on everything else.

If you fit either description, the card earns more than any other unlimited cashback card in its tier. Frequent regional travellers unlock the most value, including weekend runs to JB, where every Grab trip earns the full overseas 10%!

Closer to home, there are no categories to track and no caps to watch, so everyday local spend and Singtel bills earn a fuss-free 1.75%. Every Grab transaction also earns 3% in GrabCoins from the first dollar with no minimum spend.

Eligibility is easy—you can apply for the GXS Credit Card as long as you meet the basic requirements: age 21 to 65, S$30,000 income for Singaporeans and PRs.

Conclusion

Among unlimited cashback cards, the GXS Credit Card wins the evergreen local rate at 1.75%, ahead of the Mari Credit Card and Trust Freedom credit card at 1.5%. The better reason to get it is the overseas Grab returns: 10% uncapped cashback, with zero FX fees and absolutely no minimum spend required.

Apply by 31 October 2026 and enjoy S$108 off Grab rides, GrabFood, or GrabMart when you pay with GXS Credit Card.

The first-year fee waiver covers approvals by 31 December 2026.

Think the GXS Credit Card might be for you? Every wallet is different, so compare your options against how you actually spend before committing. Apply easily in the GXS Bank app or the GXS website.