Trust Bank has unveiled its latest initiative, the Trust Freedom Card, a pioneering credit card in Singapore offering “stockback” rewards.
Until 31 December 2026, the card offers an introductory 3% stockback on local and foreign spending. The card also provides flexibility, allowing users to switch between stockback, cashback, or miles rewards each quarter.
Its launch coincides with findings from The Everyday Investor Report, which highlights the investing behaviours of young adults in Singapore. It revealed that 51% of Singaporeans aged 18 to 40 are actively investing, with many starting their investment journeys earlier than previous generations.
The study, conducted with 1,050 participants, shows that 74% of young investors aged 18 to 24 made their first investment by age 20. However, 33% of respondents have never invested, citing a lack of confidence and knowledge as primary barriers. Trust Bank’s CEO, Dwaipayan Sadhu, noted, “Many people felt investing was still too complicated, intimidating or expensive to get started.”
The Trust Freedom Card aims to address these challenges by linking everyday spending to investment opportunities. Customers earn fractional investment rewards, or “stockback,” which are automatically invested once they reach S$10. This initiative is designed to make investing more accessible and less intimidating for both novice and experienced investors.
Visa’s Adeline Kim praised the innovation, stating, “This is the kind of innovation Visa is proud to collaborate with our partner, Trust Bank.”
