No Cap Cashback Credit Card Guide for Unlimited Cashback

The No Cap Cashback Credit Card offers a game-changing unlimited cashback experience, but what does that really mean?

You can earn up to 5% cashback on all purchases with no rotating categories or spending limits.

One of the most attractive features of this card is its flexibility, allowing you to earn cashback on every single purchase, not just a select few.

To maximize your earnings, make sure to pay your balance in full each month to avoid interest charges.

Getting a no cap cashback credit card can be a game-changer for your finances. You can earn 1.5% uncapped cashback on all spend with the SC Simply Cash Credit Card.

This means you'll get rewarded for every purchase you make, without any limits or caps. The cashback is uncapped, so the more you spend, the more you earn.

New cardholders will receive 5 x S$6 instant Caltex fuel discount vouchers, which can be used with a minimum fuel spend of S$60. Existing cardholders enjoy an upfront discount of 17% for all fuel purchases.

Existing cardholders can also refer friends and get up to S$240 cashback, as well as other rewards.

To be eligible for a no cap cashback credit card, you must have a good credit score of 660 or higher, as mentioned in the article. This is because the issuer wants to minimize the risk of lending to someone who might not be able to pay back the balance.

Applicants must also be at least 18 years old, as stated in the requirements section. This ensures that the individual is an adult and can be held responsible for their financial decisions.

The income requirement is not explicitly stated, but it's implied that you need to have a stable income to qualify for the card. This is because the issuer wants to ensure that you can afford to pay back the balance and make timely payments.

You can apply for the no cap cashback credit card online or by phone, but it's recommended to apply online for a faster processing time, as mentioned in the application process section.

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The annual fee is waived off for the first year, but thereafter, it's a significant S$196.20 (including 9% GST).

If you're not paying your balance in full by the due date, you'll be charged a finance charge of 0.076% per day on each transaction.

Your cash advance fee is 8% of the amount withdrawn, with a minimum fee of $15, plus additional finance charges.

A late payment charge of S$100 will be charged if the minimum payment due is not received by the due date, and you might also face a penalty fee of up to $15 for late payments.

You'll also be charged a returned payment fee of up to $20 if a payment is returned.

For more insights, see: Charge Card vs Credit Cards

If you're looking for a no-frills credit card with unlimited cashback, consider the UOB Absolute Cashback Card, which awards 1.7% cashback with no restrictions on categories.

Several credit cards offer unlimited cashback with no minimum spend requirements, including the Citi Double Cash Card and the Wells Fargo Active Cash Card, both of which are listed among the best unlimited cashback credit cards.

Here are some top options to consider: Citi Double Cash CardWells Fargo Active Cash CardUOB Absolute Cashback Card

If you're looking for a credit card that offers unlimited cashback, you've got several options to consider. The Wells Fargo Active Cash Card is a top pick, offering 2% cashback on all purchases with no rotating categories or spending limits.

One of the benefits of the Wells Fargo Active Cash Card is that it has no annual fee. This makes it a great option for those who want to earn cashback without having to pay extra fees.

The Citi Double Cash Card is another great option for unlimited cashback. It offers 2% cashback on all purchases, with no spending limits or rotating categories.

If you're looking for a no-frills credit card with unlimited cashback, consider the UOB Absolute Cashback Card. It offers a high base cashback rate of 1.7% on all purchases, with no restrictions or exclusions.

Here are some top picks for unlimited cashback credit cards:

The Synchrony Premier World Mastercard is another great option for earning cash back. You'll earn 2% cashback on every purchase, with no caps or restrictions, applied as a statement credit automatically.

Choosing a no-frills cashback credit card can be tricky, as the difference in cashback rate between cards is often minimal, making it hard to pick the best one.

The cashback rate is not the only factor to consider, as American Express and UnionPay Credit Cards are not as widely accepted as Visa or MasterCards, making them less suitable for everyday spending.

Cards like American Express, UOB, Standard Chartered Bank, and Maybank often have tie-ups with merchants for discounts and promotions, making them useful for specific situations.

Entry-level credit cards, such as those listed in the article, typically require a minimum salary of $30,000 a year, while Visa Infinite Cards require a higher income of at least $120,000 a year and come with extra benefits like lounge access and travel insurance.

These extra benefits might be nice to have, but they're not essential for a no-frills cashback credit card.

Intriguing read: Credit Cards Pros and Cons

The American Express Blue Business Card is a great option for small businesses looking for a cash-back card. It has a $0 annual fee, making it a preferred choice for businesses that spend less than the cap threshold annually.

You can earn a $250 statement credit after spending $3,000 in purchases in your first three months of account opening, which is a nice welcome offer. This credit is applied automatically as a monthly statement credit, making it easy to redeem your cash back.

This card is a good fit for businesses that want a hassle-free cash-back experience. With its $0 annual fee and easy redemption process, it's a solid choice for small businesses looking to earn rewards.

Suggestion: Easy Credit Cards to Get for Bad Credit

The Capital One Spark Cash Plus is a great option for small businesses that spend a lot each year. It comes with an annual fee of $150, but offers a huge welcome bonus of $2,000 after spending $30,000 in the first three months.

This card earns 2% cash back on all purchases, which is a great benefit on its own. But the welcome bonus makes it even more enticing, especially for businesses looking to jump-start their cash reserves.

To unlock the bonus, you'll need to meet the high spending requirement, but it's worth it for the extra cash. You'll also get benefits like no foreign transaction fees, roadside assistance, extended warranty protection, and free employee cards.

One thing to keep in mind is that the $150 annual fee can be refunded every year you spend at least $150,000. This makes it a good option for businesses with high spending needs.

For your interest: Fair Credit High Limit Credit Cards

Some top no cap cashback credit cards offer rewards rates of 2% cash back on all purchases.

The Citi Double Cash Card and Wells Fargo Active Cash Card are two popular options that offer 2% cash back on all purchases.

These cards have no rotating categories or spending limits, making them great for everyday purchases.

The Citi Double Cash Card has a 0% intro APR for 18 months on balance transfers, while the Wells Fargo Active Cash Card has a 0% intro APR for 15 months on purchases.

Here are some key features of these cards:

It's worth noting that these cards have some fees, so be sure to review the terms and conditions before applying.

If you're looking for a no-frills cashback credit card with no minimum spend, you can consider the UOB Absolute Cashback Card, which awards 1.7% cashback with no restrictions.

Good credit is often required to qualify for the best unlimited cashback credit cards, but there are cards available for students and people with average credit too.

To avoid overspending and accumulating interest charges, make sure to pay off your balance in full each month.

Even people with bad credit can find cards with unlimited 1% cashback on all purchases, but be aware that the interest rates may be higher.

You can shop around for cards that offer additional perks like an initial bonus or 0% APR, in addition to unlimited cashback earnings.

Here's a comparison of some basic cashback credit cards with no minimum spend: