Best Grocery Credit Cards In Singapore 2022

SingSaver team

SingSaver team

Last updated 01 September, 2022

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.  


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

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 a whole lot more rewarding when you’re earning cashback, air miles or welcome gifts on all your spending.

And earn a lot you would have, especially during the COVID-19 restrictions in Singapore. The first round would've been right before circuit breaker measures were introduced in April 2020. And round two comes after the Government enacted Phase 2 (Heightened Alert) from May 16 to June 13 2021.

Dining in might not be possible, but you can channel your inner Masterchef after a rousing round of grocery shopping to stave off boredom.

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: UOB One Card
Best For Giant: HSBC Visa Platinum Credit Card
Best For NTUC FairPrice: OCBC Plus! Visa Card & Trust Bank Cards (NEW!)
Best For Sheng Siong: BOC Sheng Siong Card
Best For Online Grocers: CIMB Visa Signature
Best For All Supermarkets: Citi Cash Back Card

Best For Cold Storage: UOB One

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

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 need to 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 accelerated cashback category you select.

With the UOB One card, you earn an additional 5% cashback at these supermarkets: Cold Storage, Marketplace, and Jasons. You can also earn an additional 5% cashback at online shopping portal Shopee, on Grab transactions (excluding GrabPay Wallet top-ups), and the UOB Travel platform.

Other cards to consider for Cold Storage: CIMB Visa Signature (10% cashback)


SingSaver Exclusive Offer: Receive S$80 via PayNow upon card approval. Valid till 13 October 2022. Plus, receive a Samsonite Harts 68/25 Spinner (worth S$550) when you apply for both a credit card & a CreditAble account and make a min. spend of S$300 per month for 2 consecutive months. Valid for the first 4,500 applicants. The remaining applicants will score S$100 cashback instead. T&Cs apply.

Best For Giant: Citi SMRT

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

The HSBC Visa Platinum grants 5% cashback 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.

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, fast food, movies, cafes as well as online shopping, making it a highly versatile card.

Other cards to consider for Giant: CIMB Visa Signature (10% cashback), Maybank Family and Friends card (8% cashback)

[UPDATE] Best For NTUC FairPrice: OCBC NTUC Plus! + Trust Bank's (Trust Link/NTUC Link) Credit Cards

If you’ve read the fine prints of the OCBC NTUC Plus! Credit Card, you’d realise that the 12% rebate requires you to spend a minimum of S$400 every month anywhere outside of FairPrice. This could be your spending on petrol, dining, transport and more. You also have to be an NTUC Union member to apply for this card.

If you can meet the minimum spend requirement, the OCBC NTUC Plus! Credit Card is fabulous for shopping at NTUC Fairprice. With this card, you can enjoy up to 12% off at FairPrice in-store and up to 8% off at FairPrice Online. You will also get 3% off at Popular and Cheers as well as LinkPoints rewards on M1, Starhub and Singtel recurring bills.

For drivers, the card grants fuel savings of up to 20.3% and 20% fuel savings at Esso and Caltex respectively.

Other cards to consider for NTUC FairPrice: CIMB Visa Signature UOB EVOL card (6% cashback), Maybank Family and Friends card (8% cashback).

[NEW!] Trust Link Credit Card

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 will not impose any annual fee, foreign transaction fee, cash advance fee or card replacement fee.

Trust Link Credit Card
Apply for a Link Rewards card
NTUC Link Credit Card
Conversion rate 
100 Linkpoints = S$1
Linkpoints rebates
  Credit card Debit card
Until 31 Dec 2022 only
NTUC Union member
Apply for a Link Rewards card
Up to 21% rebates on groceries and food at Fairprice (min. S$350 monthly spend)
Up to 0.22% rebates on all other spend
Capped at 12,000 bonus Linkpoints annually
Up to 11% rebates on groceries and food at Fairprice (min. S$200 monthly spend)
Up to 0.22% rebates on all other spend
Capped at 12,000 bonus Linkpoints annually
Non-NTUC Union member

Up to 15% rebates on groceries and food at Fairprice (min. S$450 monthly spend)
Capped at 7,500 bonus Linkpoints quarterly
Up to 5% rebates on groceries and food at Fairprice (min. S$200 monthly spend)
Capped at 3,000 bonus Linkpoints quarterly
Note: To qualify, all minimum monthly spend needs to be on purchases outside of Fairprice Group.

Rebates earned on grocery spend will be reduced to 14% (for NTUC Link) and 8% (for Trust Link) from 1 Jan 2023 respectively.
Source: Trust Bank

💡 Pro-tip: Apply now through their website and receive a S$25 NTUC Fairprice e-voucher when you make your first purchase with the card.

Alternatively, sign up for a Trust Bank account using either referral codes <8ECQMGJK> or <2GQEAM81> for an extra S$10 Fairprice e-voucher. You'll effectively be able to deduct S$35 from your next grocery haul! 

*Psst, hearsay, there's even a complimentary 1kg bag of Fairprice Superior Fragrant Rice in the Trust app's coupon section.

Best For Sheng Siong

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

The card offers an unmatched cashback rate of up to 12% together with a reasonable, out-of-store minimum spend of S$600 within the same billing cycle. If you shop at Sheng Siong a lot on the regular, you'll be pleased to know the total cash rebate for Sheng Siong is capped at a generous S$75.

Shoppers also enjoy 1.6% unlimited cash rebate on their overseas spend including online purchases, which comes with no minimum spend. All other purchases will be eligible for 0.3% cashback.

Another important consideration is the location of the nearest Sheng Siong store. 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).

If you can't hit the minimum spend of S$600, you can also consider the POSB Everyday card that rewards you with 5% cashback at Sheng Siong (no minimum spend required).

Other cards to consider for Sheng Siong: CIMB Visa Signature (10% cashback), Maybank Family and Friends Card (8% cashback)

Apply promo code MBSS during application and enjoy all the perks of your new BOC credit card!

Best For Online Grocers

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

Aside from being able to skip supermarket queues and the need to heave rice sacks home, cardholders can earn a high 10% cashback on online shopping! 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: OCBC NTUC! Plus Credit Card (8% cashback at FairPrice Online), CIMB Visa Signature (10% cashback)


SingSaver Exclusive Offer: Receive an ErgoTune Classic (worth S$399) or S$250 cash when you make a min. spend of S$988 within 60-days of card approval. Valid till 31 October 2022. T&Cs apply.

Pick your CIMB card here!

Best For All Supermarkets

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.

The CIMB Visa Signature is a versatile grocery credit card, rewarding you with 10% cashback on both in-store and online grocery spend. You also earn 10% on all online shopping.

Similarly, the Maybank Family and Friends Card also gives you 8% cashback on your grocery spend. You can earn 8% cashback on dining, transport, petrol, telco, Netflix and more. However, there is a minimum monthly spend requirement of S$800. Otherwise, this drops to a meagre 0.3% if you only manage to hit a spend that's less than S$800 in the calendar month. Take note that cashback is also capped at S$125 per month — split into S$25 per category. This card was also one of the top picks for credit cards with money rewards by The Sunday Times (Source: The Sunday Times: Credit card with the best money rewards, 14 June 2020).

With the Citi Cash Back Card, cardholders earn 8% cashback on grocery spend across all supermarket chains. If you head out for drinks and food regularly, you’ll also get 6% cashback on dining bills as well as food deliveries (Deliveroo and Foodpanda).

With regards to dining, do note that only the following Merchant Category Codes (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. Note that besides the minimum monthly qualifying spend of S$800, there is also a combined S$80 cashback cap across all categories.

Having a grocery-specific card on hand is more important than ever before, with the COVID-19 situation in Singapore being ever-changing. The money you stand to save will go a long way towards that well-deserved vacation once the world gets past the pandemic.

Best Grocery Credit Card 2022
Grocery Store Credit Card  Benefits 
Cold Storage Maybank Family & Friends Card 8% cashback
Giant HSBC Visa Platinum Credit Card 5% cashback
NTUC FairPrice OCBC NTUC Plus! Credit Card 12% rebate
Sheng Siong BOC Sheng Siong Card 12% cashback
Online Grocers (RedMart, Amazon Prime Now) CIMB Visa Signature 10% cashback
All Other Supermarkets Citi Cash Back Card 8% cashback


SingSaver Exclusive Offer: Receive a Dyson Supersonic (worth S$649) or Sony WH-1000XM5 (worth S$569) or an AirPods Pro 2nd Gen + MagSafe Charger bundle (worth S$418) or S$350 Cash when you make a min. spend of S$500 within 30 days of card approval. Valid till 16 October 2022. T&Cs apply.

Pick your Citibank card here!

Read these next:
Credit Cards You Should Use As Your EZ-Link Card
Best Credit Cards for Paying Utility Bills in Singapore
Best Cashback Credit Cards In Singapore
Best Credit Cards For Online Subscriptions
Best Petrol Credit Cards in Singapore


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.