The Best Shopping Credit Cards in Singapore 2019

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Best Shopping Credit Cards in Singapore 2019 | SingSaver

Earn air miles, vouchers, and other gifts when you shop with the best shopping credit cards in Singapore. Find out which credit card is for you!

The sheer variety of credit cards available in Singapore – and the attractive rewards and privileges they offer – can make choosing one a difficult task. From air miles credit cards to rewards and cashback credit cards, how do you choose?

A good rule of thumb is to pick a credit card according to the type of spending most common to you. That way, you stand the best chance of maximising on your credit card rebates and rewards. Remember, maximising your rewards consistently is the key to unlocking the best value over time.

To help you optimise credit card rewards and savings on your shopping, here’s our latest guide to the best shopping credit cards in 2019.   

Editor’s note: This is an unsponsored and unbiased review. Credit card offers are subject to change at any time. The article was last updated on 1 Feb 2019.

BEST SHOPPING CREDIT CARDS 2019
Credit Card Rebate Min. Spend Required Monthly Cap
Citi Cash Back Visa Card 8% on groceries S$888 per month S$25 (per category, maximum of SS$100 in total)
UOB YOLO Card Up to 8% on online shopping S$600 per month S$60
OCBC Titanium Rewards Card 10x points on departmental stores and online merchants (equivalent to 4 air miles per S$1) NA 10,000 OCBC$ (120,000 OCBC$ per 12 months)
HSBC Advance Credit Card Up to 3.5% on all spends S$2,000 per month Up to S$125

 

1. Best Credit Card for Groceries: Citi Cash Back Visa Card

Groceries are among the most common spending categories among Singaporean families so it makes sense to have a dedicated credit card for this.

The Citi Cash Back Visa Card offers 8% cashback on all your grocery bills – the highest among all credit cards. However, the maximum cashback per statement month is SS$25, which means you’ll be reaping maximum savings as long as your grocery spending doesn’t exceed SS$320.

This card, then, is ideal for smaller families or couples who don’t spend more than SS$80 a week on groceries. But even larger families who exceed this cashback sweet zone may enjoy the Citi Cash Back Visa Card’s rebates in dining, petrol and Grab (8% cashback, capped at SS$25 each category).

However, note that you have to spend SS$888 per statement month to earn 8% cashback.

Qualifying criteria and card fees

If you’re interested in applying for this card, here are the qualifying criteria and fees.

Min. Annual Income and Age Annual Fee Fee Waiver Effective Interest Rate
Singaporeans/PR: S$30,000

Foreigners: S$42,000

Age: 21 years and above

SS$192.60 1 year 26.9%

Get this card if:

  • You want the highest cashback on groceries
  • You spend around S$80 on groceries a week
  • You also enjoy cashback on dining, Grab, and petrol

But do take note:

  • Minimum spend of S$888 per month to unlock cashback
  • Cashback for groceries capped at S$25 per month

Citi Cash Back Visa Card

Apply Now

 

2. Best Credit Card for Online Shopping: UOB YOLO Card

If you do a lot of online shopping (excluding groceries and food deliveries), a good way to reap some savings is to shop with the UOB YOLO Card.

This credit card provides generous rebates on your online purchases (fashion, travel, electronics, etc) to the tune of 3% cashback on weekdays, and 8% on weekends!

To qualify for the savings, you’ll have to spend at least S$600 per statement month. And the total cashback you can earn is capped at S$60 per month.

Qualifying criteria and card fees

If you’re interested in applying for this card, here are the qualifying criteria and fees.

Min. Annual Income and Age Annual Fee Fee Waiver Effective Interest Rate
Singaporeans/PR: S$30,000

Foreigners: S$40,000 or Fixed Deposit collateral of min. S$10,000

Age: 21 years and above

S$192.60 1 year 25.9%

Get this card if:

  • You want to save money while shopping online
  • You do most of your shopping on weekends

But do take note:

  • Minimum spend of S$600 per month to unlock cashback
  • Cashback capped at S$60 per month

UOB YOLO Credit Card

Apply Now

 

3. Best Credit Card for Departmental Store Shopping: OCBC Titanium Rewards Card

Despite the rise of e-commerce here, there are those of us who still like doing our shopping in store – where we can see, touch, feel, and smell what we are buying. If this describes you, an ideal shopping credit card for you would be the OCBC Titanium Rewards card.

Why, because this card lets you earn 10x points at your favourite department stores, and also when you purchase shoes, bags, clothes, babies’ and children’s wear, as well as electronics and gadgets.

Need to get something a new pair of Bluetooth headphones but have no time to visit Sim Lim Square? Fret not – make an order online from Lazada, Taobao, or Mustafa (among others) and you’ll earn 10x rewards points too.

And if you’re wondering why the big deal over 10x points, let’s put it this way: 10x rewards points per dollar spent is equivalent to 4 KrisFlyer miles per S$1 – that’s an earn rate that exceeds even premium credit cards.

That means you can buy a new camera, outfits, equipment and accessories, charge it all to the OCBC Titanium Rewards card, then trade in the points for KrisFlyer miles to redeem flight privileges – maybe even a free flight!

Qualifying criteria and card fees

If you’re interested in applying for this card, here are the qualifying criteria and fees.

Min. Annual Income and Age Annual Fee Fee Waiver Effective Interest Rate
Singaporeans/PR: S$30,000

Foreigners: S$45,000

Age: 21 years and above

S$192.60 2 years 26.88%

Get this card if:

  • You shop almost exclusively at departmental stores
  • You like flexible rewards that let you choose air miles, discounts or vouchers across your favourite brands

But do take note:

  • You can only earn a maximum of 120,000 OCBC$ per 12 months

OCBC Titanium Rewards Card

Apply Now

 

4. Best Credit Card for Big-ticket Purchases: HSBC Advance Credit Card

For those times when you need to spend a couple of thousand dollars at a go, paying attention to your credit card rewards can prove fruitful. You may qualify for savings that you otherwise wouldn’t.

When you need to spend between S$2,000 to S$3,000+ (say for furniture, appliances or a family vacation) you’ll want to put your purchase on the HSBC Advance Credit Card. If you happen to have an Advance banking account, you can get up to 3.5% rebate across all spends (capped at S$125 per month).

(If you don’t have an Advance banking account, you’ll still earn 2.5% rebate as long as your spending in that month exceeds S$2,000. Otherwise, you’ll only earn 1.5% rebate. In either of these circumstances, your cashback is capped at S$70 per month.)

Notwithstanding the somewhat complicated rebate structure, the HSBC Advance Credit Card provides one of the highest monthly cashback rates on the market (S$70, outranked only by the OCBC 365 Card’s S$80), rising to an unbeatable S$125 for Advance banking customers.

Basically, if you find yourself spending large amounts periodically, this credit card can help you unlock the most value.

Qualifying criteria and card fees

If you’re interested in applying for this card, here are the qualifying criteria and fees.

Min. Annual Income and Age Annual Fee Fee Waiver Effective Interest Rate
Singaporeans/PR: S$30,000

Foreigners: S$40,000

Otherwise: Min S$10,000 cash collateral

Age: 21 years and above

S$192.60 1 year

Perpetually free for Advance banking customers

25%

Get this card if:

  • You make periodic high-value purchases
  • You want the highest cashback in a month
  • You are an Advance Banking customer

But do take note:

  • You need to be an Advance Banking customer spending over S$2,000 a month for the best benefits

HSBC Advance Credit Card

Apply Now

 

Prefer a card we didn’t mention? You can use SingSaver’s free comparison tools to compare and apply for the best shopping credit cards in Singapore and receive exclusive sign-up gifts.

 

Compare the Best Shopping Credit Cards in Singapore at SingSaver

 

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Top 6 Air Miles Credit Cards in Singapore 2019
Agoda Credit Card Promotions To Book Your Holiday 2019
Best Dining Credit Cards in Singapore 2019

 


Alevin ChanBy Alevin Chan
A Certified Financial Planner with a curiosity about what makes people tick, Alevin’s mission is to help readers understand the psychology of money. He’s also on an ongoing quest to optimize happiness and enjoyment in his life.