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 — but can be a whole lot 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 & Friends Card
Best For Giant: UOB Delight
Best For NTUC FairPrice: OCBC Plus! Visa Card
Best For Sheng Siong: BOC Sheng Siong Card
Best For Online Grocers: CIMB Visa Signature
Best For All Supermarkets: Citi Cash Back Card
|Grocery Store||Credit Card||Benefits|
|Cold Storage||Maybank Family & Friends Card||8% cashback|
|Giant||UOB Delight||8% cashback|
|NTUC FairPrice||OCBC Plus! Visa 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|
Best For Cold Storage
With the Maybank Family and Friends card, cardholders earn 8% cashback on not just groceries but also dining, transport, petrol, telco, Netflix and 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 5% if you only manage to hit S$500 worth of spending. Cashback is also capped at S$80 per month.
With the UOB Delight card, you earn 8% at these supermarkets: Cold Storage, Market Place, Jasons and Giant. You can also earn up to 3% rebate on contactless transactions and recurring bills, as well as 10% discount at Cold Storage, Giant and Guardian. However, to qualify for the 8% cashback, you will need to spend at least S$800 every month.
Other cards to consider for Cold Storage: CIMB Visa Signature (10% cashback)
Welcome Offer: From now till 30 June 2021, get S$100 cash credit when you apply for one of seven participating Maybank credit cards (for new Maybank cardmembers only) and a CreditAble account.
To earn this reward, you will have to make a min. spend or withdrawal of S$250 for the first two consecutive months upon card approval. Terms and Conditions apply.
Best For Giant
If shopping at Giant is your preferred choice of supermarket, make sure you swipe with the UOB Delight or the Citibank SMRT Platinum Visa card.
The UOB Delight offers 8% rebate at supermarkets including Giant and Cold Storage. You can also earn up to 3% rebate on contactless transactions and recurring bills, while all other spend will earn 0.3% rebate. A 10% discount will also be given at Cold Storage, Giant and Guardian. However, to earn 8% cashback, you will need to spend at least S$800 every month.
If spending $800 a month at Giant is a stretch, you can opt for the Citibank SMRT Platinum Visa that earns you a healthy 5% rebate on groceries. The best part is, you only need to spend a minimum of S$300 per month, the lowest minimum spend across all cashback cards. 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.
Best For NTUC FairPrice
If you’ve read the fine prints of the NTUC Plus! Visa Card, you’d realise that the 12% rebate requires you to spend a minimum of $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.
The OCBC Plus! Visa Card is a great alternative for shopping at NTUC Fairprice. With this card, you can enjoy up to 12% off at FairPrice Stores and up to 8% off at FairPrice Online. You will also get 3% off at Fairprice online, Popular and Cheers as well as LinkPoints rewards on M1, Starhub and Singtel recurring bills.
For drivers, the card grants fuel savings at Esso and Caltex of up to 18.5%. It requires a relatively low minimum monthly spend of S$400.
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 low, out-of-store minimum spend of S$400 within the same billing cycle. Shoppers also enjoy 5% cashback on Grab rides and all taxi rides in Singapore (the same minimum spend applies). You can also get a 1% cashback on overseas spend which comes with no minimum spend or cap on cashback.
However, the cashback on transport is capped at S$20 per billing cycle. The 1% cashback on overseas spend is relatively low when compared to other cards in the market.
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 $400, you can also consider the POSB Everyday card that rewards you with 5% cashback at Sheng Siong (no minimum spend required).
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.
CIMB Sign-up Promotion: Get a Fitbit Inspire 2 (worth S$168) or S$130 via PayNow when you apply as a new CIMB credit cardmember from now till 7 May 2021. You will have to make a minimum spend of S$350 per month for 2 months following card approval to be eligible. T&Cs apply.
There is no exclusion for categories like insurance, education, government transactions, charitable donations, hospitals or utility bills. These are often excluded by other banks, so it’s a great opportunity to earn a S$130 rebate on spending that would otherwise go unrewarded.
Best For All Supermarkets
If you don’t have a favourite supermarket chain and just prefer a good general spending cashback card consider the CIMB Visa Signature, Maybank Family and Friends card, or the Citibank 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 5% if you only manage to hit S$500 worth of spending. Cashback is also capped at S$80 per month. 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 Citibank 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).
The cashback benefits also cover petrol spend with a high 20.88% discount at Esso and Shell. Note that besides the minimum monthly qualifying spend of S$800, there is also a combined $80 cashback cap across all categories.
SingSaver exclusive promotion: Get a Dyson AM07 tower fan (worth S$499) or S$350 cash via PayNow when you apply and make a qualifying spend of $200 within 30 days of card approval. Existing cardmembers receive $30 cash via PayNow. Valid till 9 May 2021. T&Cs apply. Pick your Citibank card here!
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