Are you on the hunt for the best credit card to use for your grocery and online shopping needs in Singapore? With so many options available, it can be overwhelming to choose the right one. Luckily, we’ve done the research for you and compiled a list of the top credit cards that offer the best rewards and cashback for your grocery and online shopping expenses.
Understanding credit cards in Singapore can be a daunting task, but it’s important to know what you’re getting into before committing to a card. Credit cards can offer a range of benefits, including cashback, rewards points, and additional perks such as travel insurance and discounts. However, it’s crucial to understand the fine print and any fees associated with the card. With that said, let’s dive into the top grocery and online shopping credit cards available in Singapore.
Key Takeaways:
- Choosing the right credit card for your grocery and online shopping needs can be overwhelming, but it’s important to do your research to ensure you get the best rewards and cashback.
- Understanding the benefits and fees associated with credit cards in Singapore is crucial before committing to a card.
- The top grocery and online shopping credit cards in Singapore offer a range of benefits, including cashback and rewards points, to help you maximise your spending.
Understanding Credit Cards in Singapore
Credit Card Basics
Credit cards are a popular payment method in Singapore. They allow you to make purchases without having to carry cash and offer a range of benefits, including rewards points, cashback, and discounts. Credit cards are issued by banks and financial institutions, and come with a credit limit that determines how much you can spend.
When you use a credit card to make a purchase, you are essentially borrowing money from the bank or financial institution that issued the card. You will be required to pay back this amount, along with any interest and fees, at a later date. If you fail to make your payments on time, you may be charged additional fees and your credit score may be affected.
Key Terms Explained
Here are some key terms that you should be familiar with when using credit cards in Singapore:
Annual fee: This is the fee that you are charged each year for using the credit card. Some credit cards may waive the annual fee for the first year, while others may offer a fee waiver if you spend a certain amount on the card each year.
Interest rate: This is the rate at which interest is charged on the outstanding balance on your credit card. The interest rate can vary depending on the type of credit card you have and your credit score.
Credit limit: This is the maximum amount that you are allowed to spend on your credit card. Your credit limit will be determined by the bank or financial institution that issued the card and will be based on your income, credit score, and other factors.
Cashback: This is a type of reward that allows you to earn back a percentage of the amount you spend on your credit card. Some credit cards offer cashback on specific categories, such as groceries or online shopping.
Rewards points: This is another type of reward that allows you to earn points for every dollar you spend on your credit card. These points can be redeemed for a variety of rewards, such as vouchers, merchandise, or air miles.
Understanding these key terms can help you choose the right credit card for your needs and ensure that you are getting the most out of your credit card. When choosing a credit card, it is important to consider factors such as the annual fee, interest rate, credit limit, and rewards program to find the card that best suits your lifestyle and budget.
Top Grocery and Online Shopping Credit Cards
When it comes to grocery shopping and online shopping, having the right credit card can make a big difference. Here are some of the best credit cards in Singapore that can help you save money and earn rewards while you shop.
UOB One Card
The UOB One Card is a popular choice for those who want to earn cashback on their grocery and online shopping. With this card, you can earn up to 10% cashback on your purchases at major supermarkets such as Cold Storage and Giant. You can also earn up to 5% cashback on your online purchases from merchants such as Lazada, Qoo10, and Shopee. Plus, the UOB One Card offers additional benefits such as petrol savings and dining privileges.
CIMB Visa Signature Card
The CIMB Visa Signature Card is another great option for those who want to earn cashback on their grocery and online shopping. With this card, you can earn up to 10% cashback on your purchases at major supermarkets such as NTUC FairPrice, Cold Storage, and Giant. You can also earn up to 10% cashback on your online purchases from merchants such as Lazada, Qoo10, and Shopee. Plus, the CIMB Visa Signature Card offers additional benefits such as dining privileges and travel insurance.
Citi Cash Back Card
The Citi Cash Back Card is a good choice for those who want to earn cashback on their grocery and online shopping, as well as other everyday expenses. With this card, you can earn up to 8% cashback on your purchases at major supermarkets such as NTUC FairPrice, Cold Storage, and Giant. You can also earn up to 6% cashback on your online purchases from merchants such as Lazada, Qoo10, and Shopee. Plus, the Citi Cash Back Card offers additional benefits such as petrol savings and dining privileges.
POSB Everyday Card
The POSB Everyday Card is a great option for those who want to earn rewards points on their grocery and online shopping. With this card, you can earn up to 5% cash rebate on your purchases at major supermarkets such as NTUC FairPrice and Sheng Siong. You can also earn up to 3% cash rebate on your online purchases from merchants such as Lazada, Qoo10, and Shopee. Plus, the POSB Everyday Card offers additional benefits such as petrol savings and dining privileges.
Overall, these credit cards offer great benefits for those who frequently shop for groceries and online purchases. With cashback, rewards, and other perks, you can save money and earn valuable rewards points while you shop.
Maximising Rewards and Cashback
If you’re looking to maximise your rewards and cashback when it comes to grocery shopping and online purchases, there are a few strategies you can use to ensure you’re getting the most out of your credit card.
Strategising Monthly Spend
One of the most important things you can do is to strategise your monthly spend. This means looking at your credit card’s cashback or rewards structure and figuring out which categories offer the highest cashback or rewards rates. For example, some cards may offer higher rewards for online purchases or for spending at specific supermarkets.
By planning your monthly spend around these categories, you can ensure that you’re earning the most cashback or rewards possible. Just be sure to keep track of your spending and stay within your budget.
Leveraging Supermarket Partnerships
Another way to maximise your rewards and cashback is to take advantage of your credit card’s partnerships with supermarkets. Many credit cards offer special promotions or discounts when you use your card at certain supermarkets, such as NTUC FairPrice.
By using your credit card at these partner supermarkets, you can earn even more cashback or rewards. Just be sure to check your credit card’s terms and conditions to see which supermarkets are eligible for these promotions.
Utilising Online Purchase Incentives
If you frequently make online purchases, it’s important to look for credit cards that offer incentives for online spending. For example, some cards may offer higher cashback or rewards rates for purchases made on Lazada or RedMart.
By using a credit card that offers these incentives, you can earn even more rewards or cashback on your online purchases. Just be sure to read the fine print and understand any spending requirements or restrictions.
Overall, by strategising your monthly spend, leveraging supermarket partnerships, and utilising online purchase incentives, you can maximise your rewards and cashback when it comes to grocery shopping and online purchases. So, start exploring the best shopping credit cards in Singapore and pick the one that suits your needs.
Additional Perks and Hidden Gems
When it comes to choosing a credit card for groceries and online shopping in Singapore, it’s not just about the cashback or rewards points. Many credit cards offer additional perks and hidden gems that can help you save even more money.
Dining and Transport Benefits
If you’re someone who loves dining out or taking public transport, then you’ll want to look for a credit card that offers dining and transport benefits. For example, the Citi Rewards Card offers up to 10% cashback on dining, while the OCBC Frank Card offers up to 6% cashback on online food delivery and transport.
Exclusive Online Deals
Many credit cards offer exclusive deals and discounts when you shop online. For example, the Citi Rewards Card offers discounts on Lazada and Zalora, while the HSBC Revolution Card offers discounts on Agoda and Expedia. These deals can help you save money on everything from travel to fashion.
Fuel Spend and Petrol Discounts
If you’re someone who spends a lot on fuel, then you’ll want to look for a credit card that offers fuel spend and petrol discounts. For example, the Citi Cash Back+ Card offers up to 8% cashback on petrol, while the POSB Everyday Card offers up to 6% rebate on petrol at Caltex.
Overall, when choosing a credit card for groceries and online shopping in Singapore, it’s important to consider all the additional perks and hidden gems that the card offers. By doing so, you can maximize your savings and get the most out of your credit card.
Understanding the Fine Print
When it comes to choosing the best credit card for groceries and online shopping in Singapore, it’s important to understand the fine print. Here are some key considerations to keep in mind when comparing credit cards:
Annual Fees and Waivers
Many credit cards charge an annual fee, which can range from $0 to several hundred dollars. Make sure you understand the annual fee for each card you’re considering, as well as any waivers that may be available. For example, some cards may waive the annual fee for the first year, or for customers who spend a certain amount each month.
Cashback Caps and Limitations
Most credit cards that offer cashback rewards also come with caps and limitations. For example, a card may offer 5% cashback on groceries, but only up to $50 per month. Make sure you understand the cashback caps and limitations for each card you’re considering, as well as any minimum monthly spend requirements.
Foreign Currency Spend Considerations
If you frequently shop online from overseas retailers, or travel frequently, it’s important to consider the foreign currency spend capabilities of each card. Some cards may charge additional fees for foreign currency transactions, or offer less favourable exchange rates. Make sure you understand the foreign currency spend capabilities of each card you’re considering, as well as any savings account options that may be available.
By understanding the fine print of each credit card you’re considering, you can make an informed decision and choose the best card for your needs.
Frequently Asked Questions
What’s the top pick for a cashback card when buying groceries?
If you’re looking to save money on groceries, the Maybank Family & Friends Card is a great option. With up to 8% cashback on groceries, petrol, and dining, it’s one of the most rewarding cards for everyday spending.
Which is the ultimate card for snagging rewards on international online buys?
The DBS Altitude Card is a great choice for earning rewards on international online purchases. With up to 3 miles per $1 spent on online transactions, you’ll rack up rewards quickly.
Can you tell me the prime card for racking up points at NTUC FairPrice?
The NTUC Plus! Visa Credit Card is the best card for earning rewards at NTUC FairPrice. With up to 12% rebate on groceries, and up to 8% rebate on petrol, it’s an excellent choice for those who frequently shop at NTUC FairPrice.
Is there a preferred credit card for scooping up miles while shopping on RedMart?
The Citi PremierMiles Card is a great choice for earning miles while shopping on RedMart. With up to 1.2 miles per $1 spent, you’ll be able to accumulate miles quickly.
What’s the smartest card to have in your wallet for hefty online shopping sprees?
The HSBC Revolution Card is a great option for earning rewards on online shopping sprees. With up to 5X rewards points on online transactions, you’ll be able to earn rewards quickly.
Is it savvy to swipe a credit card for your weekly shop?
Yes, it is savvy to use a credit card for your weekly shop, as long as you pay off your balance in full each month. By using a credit card, you can earn rewards or cashback on your purchases, which can help you save money over time.