The NTUC trust card is the union-member version of the Trust Bank credit card, issued through the NTUC Link tie-up with Standard Chartered and FairPrice Group. Its headline is up to 21% savings at FairPrice Group in LinkPoints, against up to 15% for the public Trust Link card; Trust's other card, the Freedom card, pays cashback, miles or stockback instead. It charges no annual fee, no foreign transaction fee, and has no minimum spend to keep the card. The catch is that the 21% is a promotion until 31 January 2027 and a stack of bonus tiers, most of which only kick in if you spend at least S$450 a month outside FairPrice, and every tier is capped. This guide breaks down each layer so you can see what you would actually pocket.
Trust Bank launched in 2022 as a digital bank backed by Standard Chartered and FairPrice Group. It runs three card lines that people lump together as the Trust card. The Trust Freedom credit card, called the Cashback card until 13 August 2026, is the plain version and pays cashback, miles or stockback. The Trust Link credit card swaps cash rebates for NTUC LinkPoints and is built around FairPrice spending. The NTUC Link version of that card is the same product reserved for paying NTUC union members, and it carries the richest reward tiers.
When someone searches for the NTUC trust card, they usually mean the NTUC Link Trust credit card, the one that doubles as your NTUC membership card and earns the up-to-21% rate at FairPrice. Everything below is about that card unless stated. If you want the cash-rebate sibling instead, the full Trust card guide covers the Freedom card's cashback side.
LinkPoints are the loyalty currency. The redemption rate is fixed at 100 LinkPoints to S$1, redeemable at FairPrice, Unity, Cheers, Kopitiam and other FairPrice Group outlets. That fixed rate is what lets you read a percentage savings figure honestly, because 21% in LinkPoints really is worth 21 cents on the dollar at the checkout.
Update, 14 October 2026: Trust's current terms, in force since 1 November 2025, need S$450 a month outside FairPrice for the monthly and quarterly bonuses, not S$350, and S$800 for the higher quarterly bonus, not S$700, and Trust calls the up-to-21% rate a promotion until 31 January 2027. The 21% is not one rate. It is six earning layers stacked on FairPrice Group spend, and several only activate when you hit a spend trigger elsewhere. Reading them separately is the only way to know what you will personally clear, because the bonus layers are capped well below what a big grocery budget would generate.
Here is the breakdown Trust Bank publishes for the NTUC Link credit card in October 2026. Rates are quoted as LinkPoints per dollar, which equals the percentage saved since 100 LinkPoints is S$1. The two 2% layers are for FairPrice members only, which Trust defines as NTUC union members who are also FairPrice shareholders, so union membership alone tops out at 17%. And only eligible posted Visa spend counts towards the S$450 and S$800 triggers: Trust leaves out items such as insurance premiums, AXS and SAM payments, utilities, rent, education and government payments, and top-ups.
| Layer | Rate | Condition | Cap |
|---|---|---|---|
| Base LinkPoints | 0.5% | FairPrice Group groceries (0.22% on other local spend) | None |
| FairPrice member bonus | 2% | FairPrice members, FairPrice Group groceries except Cheers | 12,000 LinkPoints/year |
| FairPrice annual member bonus | 2% | Paid once a year to FairPrice members, subject to FairPrice AGM approval | 12,000 LinkPoints/year |
| Monthly bonus | 4% | Spend S$450+ outside FairPrice that month | 5,500 LinkPoints/month |
| Quarterly bonus | 6.5% | S$450+ outside FairPrice for 3 straight months | 5,000 LinkPoints/quarter |
| Higher quarterly bonus | 6% | S$800+ outside FairPrice for 3 straight months | 5,000 LinkPoints/quarter |
Stacking every layer to hit 21% assumes you are a FairPrice member and spend at least S$800 a month outside FairPrice for three straight months. It also only covers a small grocery bill: the two quarterly bonuses are each capped at 5,000 LinkPoints (S$50) a quarter, so the full 21% applies to about the first S$250 a month of FairPrice Group spend, and the blended rate falls above that.
Take a FairPrice member who spends S$500 a month at FairPrice and S$500 a month outside it. The S$500 clears the S$450 monthly trigger but not the S$800 higher-quarterly one. Each month the 0.5% base pays S$2.50, the 2% FairPrice member bonus S$10 and the 4% monthly bonus S$20. The 6.5% quarterly bonus would be S$97.50 on S$1,500 a quarter but stops at its S$50 cap, about S$16.67 a month, and the once-a-year 2% annual member bonus adds about S$10 a month if FairPrice's AGM approves it. That is about S$59 a month, or roughly 12%. Spend S$400 outside FairPrice instead and both bonus layers stay locked, leaving about 4.5%.
The annual caps matter once you scale up. The 2% FairPrice member bonus and the 2% annual member bonus each cap at 12,000 LinkPoints a year, which is S$120 each. A member spending S$1,000 a month at FairPrice would use up the first cap partway through the year and earn only the other layers for the rest. To sanity-check your own numbers against the grocery line in your budget, run them through the personal budget calculator before assuming you will see the full headline rate.
Update, 14 October 2026: from 1 July 2026 Trust sets each cardholder a personalised interest rate of 18.9% to 29.9% a year instead of a flat 27.9%, and the card needs you to be at least 21, not 18. On everyday cost, the NTUC trust card is cheap to hold. There is no annual fee, no fee waiver to chase, and no minimum spend to keep the card active. The charges sit elsewhere: since 1 February 2026 a cash advance costs 8% of any amount over S$5, and a late payment costs S$100, or S$200 if the statement includes a loan instalment. It charges no foreign transaction fee, so overseas and online-foreign purchases skip the roughly 3.25% markup most Singapore cards add. Trust does not run a separate dynamic-currency-conversion markup either, though merchants overseas can still try to bill you in SGD at a poor rate, which you should decline.
The number that bites is the interest rate on unpaid balances. For transactions posted from 1 July 2026, Trust charges each cardholder a personalised rate between 18.9% and 29.9% a year, reviewed every six months, so the card only stays free if you clear the statement in full each month. The reward maths assumes you never carry a balance; carrying one wipes out years of LinkPoints. If you understand why, the effective interest rate entry explains how that headline annual rate compounds in practice.
Eligibility is straightforward. You need to be at least 21 and earn at least S$30,000 a year as a Singapore citizen or permanent resident (S$15,000 if you are over 55), or S$60,000 as a foreigner with a valid work pass. To get the NTUC Link version specifically, you must be a paying NTUC union member, which costs S$117 a year. Weigh that against your expected FairPrice savings using the NTUC membership guide before signing up for membership purely to chase the card.
Trust and its referral partners run rotating sign-up gifts rather than a single fixed bonus. Trust's own offer and the NTUC channel's campaign change often, and comparison sites run their own gifts with first-spend targets, so read the current offer and its terms on the provider's page before you apply.
Two rules keep welcome gifts honest. First, check the qualifying spend and the window, since most gifts need a minimum spend within 30 to 60 days. Second, never let a one-off gift override the ongoing rate, because the recurring FairPrice savings are worth far more over a year than a single voucher. A gift worth S$50 is a one-time event; the roughly S$59 a month in the example above is about S$710 a year.
The card rewards one specific person: a paying NTUC member who buys most of their groceries at FairPrice, spends a few hundred dollars a month elsewhere to trigger the bonuses, and clears the statement in full. For that shopper, a blended 12% or so on a S$500 monthly grocery bill is real money that few flat cashback cards beat.
It works poorly for the opposite profile. If you rarely shop at FairPrice, the LinkPoints have little value to you, and a flat-rate cashback card pays more on general spend. If you are not already an NTUC member, paying S$117 a year only pencils out once your FairPrice savings clearly exceed it. And if you carry a balance, no reward rate survives interest of 18.9% to 29.9% a year. For a side-by-side with flat cashback alternatives, compare it against the best grocery credit cards in Singapore.
Trust's Freedom card (the Cashback card until 13 August 2026) pays cashback, miles or stockback, including 1.5% unlimited cashback. The NTUC Link Trust credit card earns NTUC LinkPoints instead and is reserved for paying union members, paying up to 21% at FairPrice Group versus about 15% on the public Trust Link card. The reward currency and the membership requirement are the main differences.
Only if you stack every bonus layer, which needs at least S$800 a month outside FairPrice for three straight months, and only on about the first S$250 a month of FairPrice spend, because each quarterly bonus is capped at S$50 a quarter. A FairPrice member who spends S$500 a month at FairPrice and S$500 outside it clears about 12%; under S$450 outside, it is about 4.5%. The up-to-21% rate is a promotion until 31 January 2027.
You need to be at least 21 and earn at least S$30,000 a year as a Singapore citizen or permanent resident (S$15,000 if you are over 55), or S$60,000 as a foreigner with a valid work pass. For the NTUC Link version specifically, you must also be a paying NTUC union member, which costs S$117 per year as of 2026.
No. The card has no annual fee, no fee waiver to chase, and no minimum spend to keep it active. It also charges no foreign transaction fee, so overseas and foreign-currency online purchases skip the roughly 3.25% markup most Singapore credit cards add.
This is general financial information for Singapore, not personal financial advice. Figures change, so verify current rates against the official sources above before acting. See our full disclaimer.
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