Trust Freedom
Cashback card by Trust · Easy · No minimum spend
Earns 1.5% on all spend in S$ and 0.5% in a foreign currency. No annual fee.
Checked against Trust's own terms on 6 Oct 2026. See the documents
How you earn
| Where | How you pay | You earn |
|---|---|---|
| Everything else, in S$ | Any way of paying | 1.5% |
| Everything else, in a foreign currency | Any way of paying | 0.5% |
The bank's full earning rules
- Unlimited Cashback (default): 1.5% on local eligible spend, 0.5% on foreign eligible spend. No minimum spend, no cap. Credited when the transaction is posted.
- Bonus Cashback: base 1% local, 0.5% foreign, uncapped. Plus a bonus on your preferred category: 5% with at least S$500 eligible spend each month of the quarter (bonus capped at S$30 a quarter), or 15% with at least S$2,000 each month (bonus capped at S$250 a quarter). Bonus is credited on the 1st day after the quarter ends.
- Stockback: 3% on local and foreign eligible spend until 31 Dec 2026; from 1 Jan 2027, 2% local and 0.5% foreign. Capped at S$500 stockback value a quarter. Invested automatically each time it reaches S$10.
- Miles: 1.3 Trust Miles per S$1 on local and foreign eligible spend, awarded for every S$5 spent. No minimum spend and no cap.
- Your reward mode applies for a quarter: three consecutive months starting from the month your card was approved. Change it any time before the next quarter starts; no fee or penalty. The mode active when a transaction is authorised is the one that counts.
Where the bonus applies
- Dining: bakeries, convenience stores and specialty food, caterers, restaurants, fast food (MCC 5462, 5499, 5811, 5812, 5814)
- Shopping: department, discount and variety stores, marketplaces, duty free, clothing, shoes, sports, furniture, electronics, books, jewellery, cameras, gifts, luggage, cosmetics (MCC 4812, 5137, 5262, 5309, 5310, 5311, 5331, 5399, 5611, 5621, 5631, 5641, 5651, 5655, 5661, 5681, 5691, 5699, 5712, 5732, 5940, 5941, 5942, 5944, 5946, 5947, 5948, 5977)
- Travel: airlines, hotels, cruise lines, airports, travel agencies and tour operators, timeshares, campgrounds (MCC 3000–3308, 3501–3839, 4411, 4511, 4582, 4722, 4723, 5962, 7011, 7012, 7033)
- Wellness: pharmacies, beauty and barber shops, massage, spas, sports and country clubs, osteopaths, chiropractors, podiatrists (MCC 5912, 5997, 7230, 7297, 7298, 7997, 8031, 8041, 8049)
- Transport: car rentals, public transport, rail, taxis, buses, tolls, petrol, EV charging, parking (MCC 3351–3441, 4111, 4112, 4121, 4131, 4457, 4784, 4789, 5521, 5541, 5542, 5552, 5983, 7512, 7513, 7519, 7523)
- Entertainment: pay TV and streaming, music and record stores, bars, digital media and games, hobby and toy shops, cinemas, ticketing (MCC 4899, 5733, 5735, 5813, 5815, 5816, 5945, 7832, 7841, 7922)
Earns nothing on
- Cash advances, ATM withdrawals, AXS and SAM payments
- Insurance premiums, loans, balance transfers and instalment plans
- Fees, interest and charges
- Utilities, financial institutions, gambling, education, and charitable, political and religious organisations
Fees and limits
Good to know
One card, four reward modes: Unlimited Cashback, Bonus Cashback, Stockback or Miles. Set the mode you picked in the Trust app under Boosts on this card.
Bonus Cashback: Trust's categories are shown here as Dining, Fashion (Trust's "Shopping"), Travel, Beauty (Trust's "Wellness"), Transport (includes taxis and petrol) and Entertainment. Trust decides by merchant category code (MCC).
Bonus Cashback needs the minimum eligible spend in all three months of the quarter; Cardinko checks it month by month. The minimum is waived for the first calendar month after approval.
Stockback is shown as cashback: its value is invested in your chosen stock or ETF each time it reaches S$10.
Trust Miles are awarded for every S$5 spent; Cardinko works them out per dollar, so small purchases may show slightly more than Trust credits.
Where these facts come from
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