Trust Bank has launched the Freedom Card, which it describes as Singapore’s first credit card to offer stockback rewards.
The card allows customers to turn rewards earned from everyday spending into fractional investments in selected US stocks and exchange-traded funds.
Stockback starts investing once rewards reach S$10
For every dollar spent, customers earn a stockback value.
Once the accumulated amount reaches S$10, it is automatically invested in a US stock or ETF chosen by the customer from a list of 50 eligible investments.
Customers can change their selected investment before the next transaction.
Until 31 December 2026, Trust is offering an introductory 3% stockback on eligible local and overseas spending.
The Freedom Card is an updated version of Trust’s Cashback Card.
Customers can choose between stockback, bonus cashback or unlimited cashback and switch their preferred reward type every quarter.
The existing bonus cashback option offers up to 15% on a selected category and up to 1% on other eligible spending.
Customers can also choose unlimited cashback of up to 1.5% with no minimum spend or cap.
Trust plans to add miles as another reward option later.
Trust Bank’s study finds young adults are investing earlier
The launch comes alongside Trust’s Everyday Investor Report 2026, which surveyed 1,050 Singapore residents aged 18 to 40 between May and June 2026.
The study found that 51% are actively investing, while 33% have never invested and 16% previously invested but have since stopped.
Younger investors are also starting early. Among active investors aged 18 to 24, 74% made their first investment by age 20, while 88% of those aged 25 to 40 had started by age 30.
Around 65% of active investors made an investment transaction within the past month, while 72% check their portfolios at least weekly.
The report also found that 65% use dollar-cost averaging for at least some of their investments.
Singapore stocks are the most commonly held investment at 56%, followed by global ETFs at 45% and US or overseas stocks at 37%. Crypto is held by 25% of active investors.
Many investors are also making their own decisions, with 65% investing independently.
YouTube was the most common source of investment ideas at 40%, ahead of TikTok or Instagram at 32% and financial news at 31%.
AI is also becoming part of the investing process. Some 26% of active investors use AI chatbots as an investing tool, behind watchlists and price alerts.
However, confidence remains a major barrier for non-investors.
Among those who have never invested, 44% cited fear of losing money, 41% said they did not know enough to feel confident and 38% did not know where or how to start.
Another 32% said they did not have money left over to invest.
Dwaipayan Sadhu, Chief Executive Officer of Trust Bank, said,
“When we spoke to young Singapore residents, what stood out wasn’t a lack of interest in investing. It was that many people felt investing was still too complicated, intimidating or expensive to get started. We wanted to change that.
With Freedom, something as simple as buying coffee, groceries or paying for dinner can become a small step towards building wealth. Instead of rewards sitting idle, customers can put them to work in investments that have the potential to grow over time.”
Featured image: (From left) Trust’s CEO Dwaipayan Sadhu and Visa’s Group Country Manager, Regional Southeast Asia and SVP, Global Clients and Acquirers, Asia Pacific Adeline Kim.
