Best Grocery Credit Cards In Singapore 2024

SingSaver team

SingSaver team

Last updated 01 January, 2024


Every spending situation is unique. SingSaver assembles the 'Best For' list, so you can decide what’s best for you.


NTUC Fairprice, Cold Storage or Sheng Siong? Also, which credit card to use at each supermarket? Here’s how you can make the most out of your grocery runs and be your own cashback king or queen.

Grocery shopping is a regular routine for households. Speaking of routines, it’s something we don’t give much thought to unless a sudden price hike on a grocery staple catches the eye. However, it can be much more rewarding when you’re earning cashback, air miles or welcome gifts on all your spending.

However, each credit card has its own terms and conditions such as minimum monthly spend and cashback caps. Here, let’s help you figure out how to pair the right credit card with the right supermarket based on your grocery shopping habits.

Best For Cold Storage: Maybank Family and Friends Card or UOB One Card
Best For Giant: HSBC Visa Platinum Card or Citi SMRT Card
Best For NTUC FairPrice: NTUC Link and Trust Link Cards  
Best For Sheng Siong: BOC Sheng Siong Card or POSB Everyday Card
Best For Online Grocers: CIMB Visa Signature Card
Best For All Supermarkets: Citi Cash Back Card

✨SingSaver Score Big CC Campaign (Phase 2)✨: Be one of the first applicants to score a rewards upgrade to a PlayStation®5 (Slim) Disc Edition (worth S$799) when you apply for participating products in SingSaver. Limited to the first 600 Citi CC & first 400 SCB Simply Cash CC eligible applicants only. Remaining applicants will enjoy existing rewards. Check out FAQs here. Valid till 30 June 2024. T&Cs apply.

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Overview: Best grocery credit cards in Singapore 2024

Jump to:

Grocery Store Credit Card  Benefits 
Cold Storage Maybank Family & Friends Card 8% cashback
Giant HSBC Visa Platinum Credit Card 5% quarterly cashback
NTUC FairPrice NTUC Link and Trust Link Cards NTUC Link: Up to 21% rebate

Trust Link: Up to 15% rebate
Sheng Siong BOC Sheng Siong Card
DCS Sheng Siong Card
POSB Everyday Card
Unlimited 1.5% rebate
2% REBATE$
5% rebate
Online Grocers (RedMart, Amazon Prime Now) CIMB Visa Signature Card 10% cashback
All Other Supermarkets Citi Cash Back Card 6% cashback

Best For Cold Storage: Maybank Family and Friends Card or UOB One Card

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If you prefer shopping at Cold Storage, make sure you bring along your Maybank Family and Friends card or UOB One card.

Maybank Family and Friends Card

Cashback 💵 8% on five out of 10 categories, including groceries
Cashback cap Capped at S$125 per month
Minimum spend requirement S$800 per month 
Annual fee S$181.80 (First 3 years waived)

With the Maybank Family and Friends card, cardholders earn 8% cashback on five out of eight spend categories. These include groceries, dining & food delivery, transport, online retail, and much more. This makes it a great general spending card with a high cashback rate.

However, you must hit the minimum monthly spend requirement of S$800 to enjoy the 8% cashback rate. Otherwise, this drops to just 0.3%. Cashback is also capped at S$125 per month, with a cap of S$25 per selected category.


UOB One Card

UOB_ONE

Cash rebate 💵 Up to 15% cashback

Base 3.33% + (Additional & Enhanced) 11.67% = Up to 15% cashback total
Rebate cap Capped at S$500 max per quarter
Minimum spend requirement S$500/S$1,000/S$2,000 per month per quarter
Annual fee S$196.20 (First 2 years waived)

With the UOB One card, you earn up to 6.67% additional cashback at these supermarkets: Cold Storage, Marketplace, and Jasons depending on how much you spend per month per quarter. This applies to both existing and new-to-UOB cardmembers.

Go a step further, and new-to-UOB cardmembers specifically, can receive up to 6.67% enhanced cashback too, based on the monthly spend per quarter.

Together, that'll give you between 8.33% to 15% cashback based on whether you're an existing or new-to-UOB cardmember. We understand this can all sound a little confusing, so here's what the breakdown looks like:

For existing UOB cardmembers
 
Min. S$500 / S$1,000 spend per month
Min. S$2,000 spend per month
Quarterly cashback
(Min. 5 transactions per month)
3.33%
Additional cashback
5%
6.67%
Total cashback
8.33%
10%
For new-to-UOB cardmembers
 
Min. S$500 / S$1,000 spend per month
Min. S$2,000 spend per month
Quarterly cashback
(Min. 5 transactions per month)
3.33%
Additional cashback
5%
6.67%
Enhanced cashback (New-to-UOB cardmembers only, till 30 Jun only)
6.67%
5%
Total cashback
15%

In general, the UOB One Card is a great everyday cashback credit card – especially if you're a loyal shopper at the aforementioned supermarkets.  That said, 15% cashback is the highest rate you can get at the moment – let alone for grocery shopping. So hop on the bandwagon while you can before the sign-up promo ends on 31 December 2023!  🛒🤸🏻

UOB One Card Welcome Gift: Enjoy the following rewards when you sign up for a UOB One Card:

Get S$350 Cash Credit as one of the first 200 new-to-UOB credit cardmembers with a minimum spend of S$1,000 per month for 2 consecutive months from card approval date. Valid till 30 June 2024. T&Cs apply.


Best For Giant: HSBC Visa Platinum Card or Citi SMRT Card

File:Giant logo.png - Wikipedia

If shopping at Giant is your preferred choice of supermarket, make sure you swipe with the HSBC Visa Platinum or the Citi SMRT Card.

HSBC Visa Platinum Card

hsbc-visa-platinum-card-face

Cash rebate 💵 5% quarterly cash rebate on groceries, dining, and fuel
Rebate cap Capped at S$250 per quarter
Minimum spend requirement S$600 per month per quarter
Annual fee S$196.20 (First 2 years waived)

The HSBC Visa Platinum grants 5% quarterly cash rebate, not just at Giant, but at all local supermarkets as well. If you're a digital native, you'll be glad to know that this accelerated cashback rate applies to their online counterparts too. However, you'll need to make a minimum monthly spend of S$600 for an entire calendar quarter to receive this rate.

On the bright side, this card has a two-year annual fee waiver.

HSBC Live+ Credit Card Welcome Gift: Receive a Samsonite ZELTUS 69cm Spinner Exp with built-in scale (worth S$680) or S$200 cashback upon activating your card and spending min. S$500 by end of the following calendar month from the card account opening date. Plus, get an additional S$100 cashback with one qualifying transaction with Live+ Card. Valid till 30 June 2024. T&Cs apply.


Citi SMRT Card

Rebate rate 💵 5% rebate on all supermarkets and grocery stores, online purchases, taxi (incl. Gojek, Grab), and public transport (SimplyGo)
Minimum spend requirement S$500 per month 
Annual fee S$196.20 (First 2 years waived)

An alternative option would be the Citi SMRT Card. It nets you a healthy 5% rebate on groceries and the best part is that you only need to spend a minimum of S$500 per month — an attainable sum for many. What's more, the 5% savings is not limited to just Giant; you enjoy it across major supermarkets as well as qualifying online spend, making it a highly versatile card.

💡Pro-tip: Since it follows a blacklist approach to its merchant eligibility, its qualifying online spend covers most merchant category codes (MCCs) unless stated otherwise.

For instance, your online movie transactions or online food delivery orders may very well be considered, subject to the bank's approval.

So track your monthly credit card bill statement and check with Citibank accordingly if you need clarifications on which transactions qualified for bonus rebates.

✨SingSaver Score Big CC Campaign Phase 2✨: Be one of the first applicants to score a rewards upgrade to a PlayStation®5 (Slim) Disc Edition (worth S$799) when you apply for participating products in SingSaver. Limited to the first 600 Citi CC & first 400 SCB Simply Cash CC eligible applicants only. Remaining applicants will enjoy existing rewards. Check out FAQs here. Valid till 30 June 2024. T&Cs apply.

SingSaver's Exclusive Offer: Receive the following rewards and experience Fastest Rewards Fulfilment when you sign up for a Citi Credit Card:

📣ONLY AVAILABLE ON SINGSAVER📣: Citi PremierMiles Card and Citi Prestige Card:

Get a Dyson Supersonic (worth S$699) or a Dyson Micro 1.5kg Vacuum (worth S$599) or an Apple iPad 10th Gen 10.9 WiFi 64GB (worth S$529) or S$450 eCapitaVoucher upon activating and spending a minimum of S$500 within 30 days of card approval. Valid until 30 June 2024. T&Cs apply.

Other Citi Credit Cards: Receive a Sony Portable Theatre System HT-AX7 (worth S$759) or a Dyson Supersonic (worth S$699) or an Apple iPad 10th Gen 10.9 wifi 64GB (worth S$529) or S$450 eCapitaVoucher or S$300 cash via PayNow upon activating and spending a minimum of S$500 within 30 days of card approval. Valid until 30 June 2024. T&Cs apply.

Rewards Upgrade Campaign_BLOGARTICLE_800x250

⬆️Reward Upgrade Campaign⬆️: Upgrade your rewards when you top up S$1,200 for an Apple MacBook Air 13” (M3 chip) 256GB (worth S$1,599) or an Apple iPhone 15 Pro 128GB (worth S$1,664.25). Alternatively, top up S$1,786.00 for a Samsung Galaxy S24 Ultra Titanium Gray 12+512GB 5G (worth S$2,128). Valid till 30 June 2024. T&Cs apply.


Best For NTUC FairPrice: Trust Link/NTUC Link Credit Cards

NTUC FairPrice – Logos Download


Trust Credit Cards

Trust Link Credit Card Apply for a Link Rewards cardNTUC Link Credit Card
Conversion rate 
100 Linkpoints = S$1

If you haven't heard the news by now, Trust Bank the very first digital bank in Singapore has launched a new credit card in tandem with their savings account in favour of NTUC's ecosystem.

The Trust Bank credit card does not impose any annual fee, foreign transaction fee, cash advance fee or card replacement fee.

 
Credit card
Debit card
NTUC Union member
Apply for a Link Rewards card
Up to 21% rebate on groceries and food at Fairprice (min. S$350 monthly spend)
  • 21% rebate = 2.5% base + 6% monthly bonus* + 10.5% quarterly bonus** + 2% FairPrice annual member bonus^
Up to 20% rebate on fuel spend at Caltex (and other deals)
 
Up to 0.22% rebate on all other spend
 
*Capped at 5,500 Linkpoints
**Capped at 7,500 Linkpoints
^Capped at 12,000 Linkpoints
Up to 11% rebate on groceries and food at Fairprice (min. S$200 monthly spend)
  • 11% rebate = 2.5% base + 2% monthly bonus* + 4.5% quarterly bonus* + 2% FairPrice annual member bonus^
Up to 0.22% rebate on all other spend
 
*Both monthly and quarterly bonuses are capped at 3,500 Linkpoints
^Capped at 12,000 Linkpoints
Non-NTUC Union member

Up to 15% rebate on groceries and food at Fairprice (min. S$450 monthly spend)
  • 15% rebate = 0.5% base + 5% monthly bonus* + 9.5% quarterly bonus^
*Capped at 5,500 Linkpoints
^Capped at 7,500 Linkpoints
Up to 5% rebate on groceries and food at Fairprice (min. S$200 monthly spend)
  • 5% rebate = 0.5% base + 1% monthly bonus* + 3.5% quarterly bonus^
*^Both monthly and quarterly bonuses are capped at 3,000 Linkpoints quarterly
Note: To qualify, all minimum monthly spend needs to be on purchases outside of Fairprice Group.
 
"Up to 21% rebate" (NTUC Link credit card) and "up to 15% rebate" (Trust Link credit card) are promotional rates until 31 Oct 2023.
Breakdown of NTUC Link credit card expenditure per month
Source: Trust Bank

Best For Sheng Siong: BOC Sheng Siong Card, DCS Sheng Siong Card or POSB Everyday Card

Sheng Siong – Logos Download
BOC Sheng Siong Card

Cash rebate 💵 6% on Sheng Siong transactions
Unlimited 1.5% on all other spend
Rebate cap Capped at S$45 per month
Minimum spend requirement S$500 per month 
Annual fee S$196.20 (First 2 years waived)

Sheng Siong shoppers should not be leaving home without the BOC Sheng Siong Card.

The card offers 6% cash rebate on Sheng Siong spend with no minimum spend required, capped at S$45 rebate per month. Meanwhile, shoppers will also enjoy unlimited 1.5% cash rebate on all other retail spend outside of Sheng Siong, with no minimum spend required again.

Ostensibly, this other retail spend applies to eligible local and overseas spend across dining, transportation, online shopping, and more. Not to mention, the lack of minimum spend is definitely another major plus point. 

Another important consideration is the location of the nearest Sheng Siong supermarket. While Sheng Siong has more outlets than Cold Storage, the number of Sheng Siong outlets (57) is only about a quarter of NTUC FairPrice’s (over 200 stores).

Thus, we'd only recommend getting this card if there's a Sheng Siong outlet near you or don't mind using it for its 1.5% cash rebate on other spend (including at other grocery store chains), functioning similarly to an unlimited cashback card.


DCS Sheng Siong Card

DCS Sheng Siong Credit Card

Cash rebate 💵 5% REBATE$ for regular Card on up to S$1,000 spend per month

2% REBATE$ for S$500 Limit Card on up to S$500 spend per month
Rebate cap Capped at S$46.30 REBATE$ per month
Annual fee S$196.20 (First year waived)

If you thought the BOC Sheng Siong Card was good, the DCS Sheng Siong Card is another dedicated grocery card right up your alley – especially for those who rack up a hefty grocery bill every month. (You'll see what we mean in just a second.)

Enjoy 5% REBATE$ on all your Sheng Siong spend on up to S$1,000 spend per month with a regular DCS Sheng Siong credit card, capped at S$46.30 REBATE$ per month. Although the S$1,000 receipt might seem like an improbable (and ridiculous) number at first, you'd be surprised at how quickly grocery expenditures can accumulate.

That's why this card is perfect for larger families or for housewives and househusbands needing to make multiple supermarket runs to Sheng Siong in a month.

Do note however, should you somehow exceed this generous S$1,000 monthly spend cap, your REBATE$ will still be capped at a maximum of S$46.30 per month. The good news is, these REBATE$ points never expire.

💡Did you know: You can redeem your REBATE$ into shopping/dining vouchers and even air miles! Plus, cardholders are entitled to one complimentary airport lounge visit per calendar year along with up to S$1 million complimentary travel insurance coverage. ✈️🌍

See also: Which Credit Cards Offer Free Travel Insurance in Singapore?


POSB Everyday Card

POSB_everyday_card_front_RGB_1920x1080_20190723

Cash rebate 💵 5% on Sheng Siong transactions
Rebate cap Capped at Daily$30 per month
Minimum spend requirement No min. spend for Sheng Siong, utility bills, fuel, and select retail spend

S$800 per month for food delivery, dining, online shopping, POPULAR stores, and phone bills
Annual fee S$196.20 (First year waived)

Last but not least, you can also consider the POSB Everyday card. For no minimum spend, you already get rewarded with 5% cash rebate at Sheng Siong, capped at Daily$30 per month. 

Hit a monthly expenditure of S$800, and you'll unlock other cash rebates on online food delivery (up to 10%), dining (3%), online shopping (5%), POPULAR store spend (8%), and even on your phone bills (3%).

No matter, that 5% cash rebate at Sheng Siong is all yours the moment you start swiping at the supermarket's checkouts.

DBS/POSB Credit Card Welcome Gift: Receive up to S$388 cashback or 85,000 miles when you apply for select DBS credit cards and fulfil the relevant promotion criteria. T&Cs apply.


Best For Online Grocers: CIMB Visa Signature Card

Cashback 💵
Up to 10% on groceries, online shopping, beauty & wellness, pet shops & vet services, cruises
0.2% on all other spend
Cashback cap Capped at S$100 per month, S$20 per category
Minimum spend requirement S$800 per month
Annual fee N/A

If you like the convenience of online grocers like RedMart, Amazon Prime Now and FairPrice Online, check out the CIMB Visa Signature card.

Aside from being able to skip supermarket queues, cardholders can earn a high 10% cashback on groceries with minimum S$800 spend per month! With CIMB Visa Signature, your annual fees are also waived for life.

This high cashback rate can also be earned on a range of other spend categories including online shopping, beauty and wellness, pet shops and veterinary services, and travels by cruise. You can also use this card to pay for your bus and train rides.

However, the downside to this card is the cashback cap of S$100 per statement month and a low cap of S$20 per category spend. You will also earn 0.2% cashback on all other retail spend, albeit with no minimum spend or monthly cap.

Other cards you can consider using at online grocers: UOB Preferred Platinum Visa Card (4 mpd), Standard Chartered Journey Card (3 mpd)

Welcome Offer: Receive S$88 Cashback when you make a minimum of S$108 eligible spends within 30 days of card approval date. Plus, receive S$100 Cashback (S$188 in total) when you increase your minimum eligible spends to S$988 within 60 days of card approval date. Valid till 31 July 2024. T&Cs apply.


Best For All Supermarkets: Citi Cash Back Card

If you don’t have a favourite supermarket chain or just prefer a good general spending cashback card, consider the CIMB Visa Signature, Maybank Family and Friends card, or Citi Cash Back Card.

Cashback 💵
6% on groceries and dining
8% on petrol and private commute
Up to 20.88% fuel savings at Esso and Shell
0.20% on all other spend
Cashback cap Capped at S$80 per month
Minimum spend requirement S$800 per month
Annual fee S$196.20 (First year waived)

With the Citi Cash Back Card, cardholders earn 6% cashback on grocery spend across all supermarket chains. If you head out for drinks and food regularly, you’ll get 6% cashback on dining bills and food delivery (e.g. GrabFood, foodpanda, Deliveroo, etc.). Petrol and private commute spend will also enjoy 8% cashback rate.

But you'll need to satisfy a minimum S$800 monthly qualifying spend in order to enjoy these accelerated cashback rates, capped at S$80 cashback shared across all spend categories per month.

Moreover, regarding dining, only the following MCCs are covered: 5811 (Caterers), 5812 (Eating Places, Restaurants), and 5814 (Fast Food Restaurants). There are dining establishments that do fall outside these MCCs, so that's something to take note of.

The cashback benefits also cover petrol spend with a high 20.88% discount at both Esso and Shell. 

SingSaver Exclusive Offer: Receive the following rewards and experience Fastest Rewards Fulfilment when you sign up for a Citi Cashback Card.

Receive a Sony Portable Theatre System HT-AX7 (worth S$759) or a Dyson Supersonic (worth S$699) or an Apple iPad 10th Gen 10.9 wifi 64GB (worth S$529) or S$450 eCapitaVoucher or S$300 cash via PayNow upon activating and spending a minimum of S$500 within 30 days of card approval. Valid until 30 June 2024. T&Cs apply.

Rewards Upgrade Campaign_BLOGARTICLE_800x250

⬆️Reward Upgrade Campaign⬆️: Upgrade your rewards when you top up S$1,200 for an Apple MacBook Air 13” (M3 chip) 256GB (worth S$1,599) or an Apple iPhone 15 Pro 128GB (worth S$1,664.25). Alternatively, top up S$1,786.00 for a Samsung Galaxy S24 Ultra Titanium Gray 12+512GB 5G (worth S$2,128). Valid till 30 June 2024. T&Cs apply.


Conclusion

With the cost of living and inflation rising hand-in-hand in Singapore, it only makes sense to capitalise on cost savings wherever possible.

Owning a dedicated grocery credit card no doubt comes in handy, regardless of whether you're managing a household or simply living the independent life on your own. All the money saved from grocery trips will go a long way towards several well-deserved vacations throughout the year. 🏖️

At SingSaver, we make personal finance accessible with easy to understand personal finance reads, tools and money hacks that simplify all of life’s financial decisions for you.

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