Regular cashback credit card users will know that while many cards advertise an attractive 5%, 6%, or 8% cashback, hidden in the T&Cs are various restrictions on applicable send categories as well as caps on the cashback amount. For example, the DBS Live Fresh Card offers a 5% cashback on online and contactless spending, but total cashback is capped at S$60 per month hence any spending above S$1200 does not earn you any more rewards.
From our own experience running WhatCard’s free credit card consultation service, we know that many of our users have questions about how to get the best cashback on lump sum purchases - whether it be a wedding venue deposit, new house furniture/appliances, group flight ticket bookings, or any other one-off spend that exceeds the usual $1-2k limit on other cashback cards.
So what is the best cashback card for lump sum expenses?
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