A Trust card is the credit or debit card from Trust Bank, the digital bank run by Standard Chartered and FairPrice Group since 2022. The pitch is simple: no annual fee, no minimum spend to earn, no foreign transaction fee, and an instant card in the app within minutes. The Trust Cashback credit card pays 1% on local spend, 0.5% overseas, and up to 15% on one category you pick each quarter, capped at S$250 a quarter. The Trust debit card and savings account add up to 2.40% per annum interest and FairPrice savings worth up to 21% for union members. The headline numbers are real, but the value swings hard on whether you shop at FairPrice, whether you are an NTUC union member, and which quarterly category you choose. This guide breaks down every rate, fee and condition as of June 2026 so you can tell what a Trust card is actually worth to you.
Trust Bank is a joint venture between Standard Chartered Bank and FairPrice Group, launched in 2022 and licensed as a full bank in Singapore. That ownership matters: it means a Trust card sits inside the FairPrice and NTUC Link ecosystem you may already shop in, and your deposits carry the same Singapore Deposit Insurance Corporation protection as any other bank, up to S$100,000 per depositor.
There is no single Trust card. The brand covers a credit card and a debit card, and each comes in two flavours: a Trust Link version for the general public and an NTUC Link version reserved for union members, which pays noticeably more at FairPrice. Everything is run through the Trust app, where you can generate a digital card and start spending before the physical card arrives. If you want the wider picture of how Trust stacks up against the other digital banks, the best savings accounts in Singapore guide puts its interest rate in context.
The Trust Cashback credit card earns 1% unlimited cashback on local spend and 0.5% on foreign spend as the base rate, with no minimum monthly spend to qualify. On top of that you pick one preferred category each quarter that earns up to 15% bonus cashback, capped at S$250 per quarter. The categories rotate and have included groceries, dining, transport and selected merchants such as Apple, IKEA, Singtel and Amazon, so the value depends on choosing the category you actually spend the most on.
The S$250 quarterly cap is the number that decides your real return. At 15%, you hit the cap once your preferred-category spend reaches roughly S$1,666 in the quarter, after which that category drops back to the 1% base rate. Anyone whose chosen category runs well above that ceiling is effectively earning closer to the base rate on the excess, so the headline 15% only applies to the first slice of spend.
A note on the March 2026 changes, which caught existing cardholders out. Trust removed the old S$1,000-a-month 10% tier, and foreign spend in non-preferred categories dropped from 1% to 0.5%. The structure is now leaner: 1% local, 0.5% foreign, and one 15% category. Confirm the current preferred categories and caps in the Trust app before you bank on a number, since these terms move.
| Spend type | Cashback rate | Cap |
|---|---|---|
| Local spend (base) | 1% unlimited | No cap |
| Foreign spend (base) | 0.5% unlimited | No cap |
| Preferred category (chosen quarterly) | Up to 15% | S$250 per quarter |
Two fees that quietly drain most credit cards are absent on a Trust card. There is no annual fee, so you never have to call and beg for a waiver the way you do on many bank cards. And there is no foreign transaction fee or exchange-rate markup on overseas spend, where most Singapore cards charge around 3 to 3.25%. For anyone who shops on overseas sites or travels, dropping that 3%-plus drag is worth more than the headline cashback on a typical card.
The fee you must avoid is interest. From 1 July 2026 Trust moved to a personalised credit card interest rate ranging from 18.9% to 29.9% per annum, reviewed every six months based on your repayment behaviour. That is lower at the floor than the 27 to 29% most banks charge, but it is still a punishing rate on any balance you carry. Interest is charged daily on unpaid balances, so a single revolving month can wipe out a year of cashback. Treat the card as a payment tool, pay the full statement balance every month, and the rewards run clean. If a balance has already built up, the compound interest calculator shows how fast daily interest at these rates compounds against you.
Because a Trust card is still a credit card, it counts toward the MAS unsecured credit rules: your total interest-bearing unsecured borrowing across all banks cannot exceed 12 times your monthly income, a limit you can read more about in the unsecured loan glossary entry.
The Trust savings account pays up to 2.40% per annum on balances up to S$1.2 million, with anything above that earning the base 0.05%. The maximum was trimmed from 2.50% in March 2026, so the current top rate is 2.40%. You reach it through the Flex plan, where you stack bonus interest options each month on top of the 0.05% base. The two other plans suit people who do not want to juggle conditions: Zen pays a flat 0.40% with no conditions at all, and Signature pays up to 1.00%.
Hitting the full 2.40% is harder than the headline suggests, because the biggest bonus options reward things many people cannot or would not do. The single largest, +1.20%, comes from referring a new Trust credit card customer, which is a one-off rather than a repeatable monthly action. The realistic, repeatable boosts for most people are the salary credit and balance bonuses. The table below shows the main Flex bonus rates as of June 2026; you select up to three each month.
For comparison shopping, run the rate against alternatives using the savings goal calculator, and remember that a fixed deposit can sometimes beat a conditional savings rate without the hoops. Our fixed deposit rates guide covers when that trade makes sense.
| Bonus action | Extra interest |
|---|---|
| Refer a new Trust credit card customer (one-off) | +1.20% p.a. |
| Invest S$20,000+ in TrustInvest funds | +0.70% p.a. |
| Credit salary of S$1,500+ via GIRO | +0.45% p.a. |
| Maintain S$100,000+ average daily balance | +0.30% p.a. |
| Make 5 card spends of S$30+ (union member) | +0.20% p.a. |
| Base rate (always) | 0.05% p.a. |
The savings account comes with a debit card. Spend on the debit card at FairPrice Group stores, which includes FairPrice supermarkets, Unity, Cheers and Kopitiam, earns Linkpoints that translate into savings. The headline figure is up to 11% in combined FairPrice savings, but the real rate depends on whether you are a union member and how much you spend outside FairPrice each month to reach the higher tier.
The single biggest variable in what a Trust card is worth is whether you are an NTUC union member. The NTUC Link versions of both cards pay materially more at FairPrice Group than the public Trust Link versions. The savings come as Linkpoints, which you redeem at FairPrice, so the value is most real for households that already do their groceries there.
The table makes the gap plain. For a regular FairPrice shopper who is a union member, the credit card can reach up to 21% in savings; the same shopper on the public card tops out at 15%. The higher tiers require a minimum monthly spend outside FairPrice, so the top rate is conditional, not automatic.
If groceries are a large line in your budget, it is worth mapping this against your other cards before deciding. Our guide to the best grocery credit cards compares the Trust card to the alternatives, and the personal budget calculator shows how much of your spend actually goes to supermarkets.
| Card | Union member (NTUC Link) | Non-member (Trust Link) |
|---|---|---|
| Credit card | Up to 21% (with S$450+ monthly spend outside FairPrice) | Up to 15% (with S$550+ outside FairPrice) |
| Debit card | Up to 9% (with S$300+ monthly spend outside FairPrice) | Up to 4% (with S$300+ outside FairPrice) |
The credit card follows the standard MAS income rules, so the thresholds are not unique to Trust. The debit card and savings account have a much lower bar, since they do not extend credit. The NTUC Link versions add one condition on top: you must be a current NTUC union member to apply for them.
Foreigners on a work pass face a higher income floor than Singaporeans and PRs, in line with the rest of the market. If your income sits near these lines, check the exact figure on Trust's own application page before applying, since a rejected application is recorded.
| Applicant | Age 21 to 55 | Age 55 and above |
|---|---|---|
| Singapore Citizen or PR | S$30,000 | S$15,000 |
| Foreigner on work pass | S$60,000 | S$60,000 |
Trust runs rotating sign-up promotions rather than a fixed cash bonus. As of June 2026 the headline offer is a lucky draw to win an iPhone 17 Pro Max, Apple Watch and other gifts for new credit card customers who apply and make a first eligible spend, with that promotion running until 30 June 2026. Past offers have included FairPrice vouchers for opening an account.
Treat any welcome gift as a tiebreaker, not the reason to apply. A lucky draw is not a guaranteed payout, and a one-off voucher is spent once while you live with the everyday earn rate for years. Decide on the card based on the cashback, the FairPrice savings and the no-fee structure, then let the promotion be a small bonus on top. Always read the qualifying spend and the closing date on Trust's own promotion page, since these change month to month.
The Trust card is strongest for a specific shopper: someone who buys groceries at FairPrice, especially an NTUC union member, who values no annual fee and no foreign transaction fee, and who pays the balance in full every month. For that person the combination of up to 21% FairPrice savings, a clean 1% base rate, zero FX fees and a savings account paying up to 2.40% is hard to beat in one app.
It is weaker if you do not shop at FairPrice, since the standout perks live in that ecosystem, and if you chase high category cashback you may earn more on a dedicated card with a higher bonus rate and bigger cap. The 0.5% foreign cashback is also modest, though the absence of any FX fee usually makes up for it on overseas spend.
A sensible setup for many Singaporeans is to use the Trust card for FairPrice and overseas spend, where it wins on fees and grocery savings, and keep a separate category card for whatever else dominates your budget. To work out which everyday card to pair it with, the cashback credit cards guide and the balance transfer entry are good next reads. Whatever you pick, the rule that makes any card pay is the same: clear the statement in full every month.
Trust Bank is a joint venture between Standard Chartered Bank and FairPrice Group, launched in 2022 and licensed as a full bank in Singapore. That FairPrice link is why a Trust card pays extra savings at FairPrice supermarkets, Unity, Cheers and Kopitiam through the NTUC Link rewards system.
The Trust Cashback credit card pays 1% unlimited cashback on local spend and 0.5% on foreign spend, with no minimum spend to qualify. On top of that you choose one preferred category each quarter that earns up to 15% bonus cashback, capped at S$250 per quarter, so the high rate applies only to the first roughly S$1,666 of category spend.
No. The Trust credit and debit cards have no annual fee, and there is no foreign transaction fee or exchange-rate markup on overseas spend, where most Singapore cards charge around 3 to 3.25%. That makes the Trust card useful for travel and overseas online shopping despite its modest 0.5% foreign cashback rate.
The Trust savings account pays up to 2.40% per annum on balances up to S$1.2 million through the Flex plan, with a base rate of 0.05%. Reaching the maximum requires stacking bonus actions such as crediting a S$1,500 salary, maintaining a high balance, or referring a new credit card customer. A flat Zen plan pays 0.40% with no conditions.
Singapore Citizens and PRs aged 21 to 55 need a minimum annual income of S$30,000, dropping to S$15,000 for those above 55. Foreigners on a work pass generally need S$60,000. The Trust debit card and savings account have no income requirement and are open from age 16.
The NTUC Link cards are reserved for NTUC union members and pay more at FairPrice Group, up to 21% savings on the credit card. The Trust Link cards are open to the general public and top out at up to 15% on the credit card. The base cashback, fees and interest rates are otherwise the same across both versions.
This is general financial information for Singapore, not personal financial advice. Figures change — verify current rates against the official sources above before acting. See our full disclaimer.