Best Grocery Credit Cards In Singapore 2023

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

Overview: Best grocery credit cards in Singapore 2023

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

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

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

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:

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!  🛒🤸🏻

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

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

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.

Citi SMRT Card

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.

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

Trust Credit Cards

Trust Link Credit Card	NTUC 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	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.

💡 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: BOC Sheng Siong Card, DCS Sheng Siong Card or POSB Everyday Card

BOC Sheng Siong Card

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

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

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.

Best For Online Grocers: CIMB Visa Signature Card

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)

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.

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

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. 

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. 🏖️

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