Trust Cashback Card

trust · Cashbackcashback

How it earns

16.00% Preferred category at S$2,000/month (15% + 1%)

preferred-15

Capped at S$1,666.67 of spend per statement cycle · then falls to 1.00%

6.00% Preferred category at S$500/month (5% + 1%)

preferred-5

Capped at S$600.00 of spend per statement cycle · then falls to 1.00%

0.50% Foreign spend outside the preferred category

foreign

Uncapped

1.00% All other local spend

base

Uncapped

Mechanics that decide real outcomes

Period basis: statement cycle
Bins by: transaction date
Accrual: proportional, floor
Settlement: statement credit
Credit lag: one cycle
Native unit: SGD → 1.00 cents each
Conversion: free
Expiry: none

Exclusions

not a purchase

non-purchase transactions

Terms and sources

Official terms and conditions ↗

tiersissuertrustbank.sg ↗read 2026-07-29
“Transactions are categorised according to the Merchant Category Code, and the MCC determines which preferred category the transaction falls under. 15% cashback on the preferred category is capped at S$250 per quarter.”
tiers[base].rate_milli_per_dollarissuertrustbank.sg ↗read 2026-07-27
“Up to 15% cashback on your preferred category (capped at S$250 per quarter) and 1% unlimited instant cashback on all local eligible spend with no cap.”

Notes

HOW IT EARNS
- One preferred category, TIERED on minimum MONTHLY spend:
    S$500/month  -> 5%, capped at S$30 a QUARTER
    S$2,000/month -> 15%, capped at S$250 a QUARTER
  The S$1,000 -> 10% tier was removed on 1 March 2026.
- Preferred cashback is IN ADDITION to the 1% every Eligible Spend earns, so
  preferred spend earns 16% in total.
- All local spend 1.0% unlimited; all foreign spend 0.5% unlimited.

WATCH OUT
- THE CAPS ARE QUARTERLY, NOT MONTHLY. The 15% band is worth at most S$1,000
  a year.
- The band is set by the WEAKEST month of the quarter, so one thin month
  drops the whole quarter to the lower band.
- Minimum monthly spend counts on TRANSACTION date, not posting date.

NOT MODELLED
- The first-month waiver after approval.
- From 1 March 2026 Trust moved some MCCs from Wellness to Shopping; the
  affected codes are not published in the Key Facts Sheet.

EVIDENCE
- Verified 2026-07-28 against Trust's Key Facts Sheet, whose rate tables are
  published as IMAGES and were read directly.
- The statement prints a per-transaction FX rate, so FCY cost is exactly
  measurable (PLAN §10.6).