The supported noble metal catalyst has any one of Ru, Rh, Pd, Os, Ir, Pt, Au, Ag, Cu and Ni as the active component; and any one of active carbon, graphite, carbon nanotube, Al2O3, SiO2, molecular sieve, MgO and TiO2 as the carrier. Its active component accounts for 0.1-90 % and metal particle size of 0.5-6 nm. The preparation process includes dispersing the active component, hydroxide or carbonate of alkali metal or alkali earth metal and carrier in solvent separately; mixing in certain proportion, heating the solution, adding nitric acid, sulfuric acid, hydrochloric acid, oxalic acid or acetic acid as precipitation promoter; and stoving. The catalyst is used as catalyst for fuel cell and makes the fuel cell possess high performance.