Grocery credit cards let you save money on grocery bills every month without cutting your budget. These cards offer cashback as high as 8% on purchase of cooking essentials. But, be sure to know whether the card offers the same percentage of cashback across the board. At times, they select a few supermarkets and offer high cashback only if you spend at that specific store. Moreover, there might be a cap on the amount of cashback you can earn in a month. So, if the cap is S$100 per month, you will only earn up to S$100 in a month no matter how much you spend. The cards also have minimum spend requirements, where you need to spend a certain amount each month and only then you will begin to earn higher rewards. So, familiarise yourself with terms and conditions of the cards before using them.
|Card Name||Annual Fee||Earning Rate||Min. Spend Requirement (per month)|
|Citi Cash Back Card||S$192.60||8% cashback||S$888|
|BOC Sheng Siong Card||S$30||Up to 12% cash rebate at Sheng Siong (5% bonus rebate)||S$400 outside Sheng Siong for the 5% bonus|
|UOB Delight Card||S$85.60||Up to 8% SMART$ rebate at Market Place, Cold Storage, Jasons, Guardian and Giant||S$400 for 3% rebate S$800 for 8% rebate|
|Maybank Family & Friends Card||S$180||Up to 8% cash rebate at NTUC Fairprice/X-tra/Finest, Cold Storage in Singapore and AEON BIG, Tesco, Giant and Pacific Hypermart in Malaysia||S$500 for 5% rebate S$1,000 for 8%|
|OCBC Plus! Visa Card||S$107||Up to 7% rebate at FairPrice Stores, FairPrice Online, and Warehouse Club||S$500|
|NTUC Plus! Visa Card||Free (NTUC membership fee applies)||Up to 12% rebate at FairPrice Stores, FairPrice Online, and Warehouse Club||S$400|
|OCBC 365 Card||S$192.60||3% cashback on groceries||S$600|
|Citibank SMRT Card||S$192.60||Up to 5% SMRT$ rebate at FairPrice, Giant, and Sheng Siong Up to 7.3% SMRT$ rebate at FairPrice Xtra Kallang Wave||S$300 per month Spend at least S$50 to earn 5% 3% rebate for transactions below S$50|
|POSB Everyday Card||S$192.60||Up to 6% cash rebate||Nil|
|BOC Family Card||S$190||5% cash rebate at supermarkets||S$700|
|UOB One Card||S$192.60||Up to 5% rebate + additional 0.3% SMART$ rebate at Giant, Jasons, Market Place, and Cold Storage||S$500|
|HSBC Visa Platinum Card||S$192.60||Up to 5% cash rebate||S$400 to earn 3% rebate S$800 to earn 5% rebate|
|HSBC Premier Mastercard||Nil for Premier Banking customers||Up to 5% cash rebate||S$400 to earn 3% rebate S$800 to earn 5% rebate|
The NTUC Plus! Visa Card offers up to 12% discount at FairPrice Stores and Warehouse Club if you spend at least S$400 per month outside FairPrice, Warehouse, FairPrice Online and Unity. You can also earn up to 8% discount at FairPrice Online if you spend the same minimum amount. You will also get additional discounts across categories including shopping, dining, and travel. This card offers 1% LinkPoints rewards on Starhub, Singtel and M1 recurring bills. You can link your Visa card to an Esso Smiles Account and earn Smiles points whenever you pay for fuel with your card. This credit card also offers 0.22% LinkPoints rewards on all your Visa spendings. If you are an NTUC member, you are automatically eligible for this card. The principal card is free, however, the NTUC membership fee applies. You will get three free supplementary cards for your family members. You will get additional discounts on travel, shopping, dining, leisure, and entertainment.
The Citi Cash Back Card offers 8% cash back on groceries, Grab rides, dining, and petrol. It also offers up to 20.88% discount on fuel at Esso and Shell stations and 8% cash back at other petrol stations in the world. You will get 8% cash back on Deliveroo and foodpanda delivery too. All other retail spends will give you 0.25% cash back. One of the key features of this credit card is that you can link your card with EZ-Pay and your ERP charges get paid automatically. The Citi Cash Back Card comes with SmartDrive Motor Insurance, which gives you coverage for your car in case of total loss because of severe damage or theft. Currently, the card is offering 5% cash back every time you spend S$1 on Apple Pay. This promotion is valid till 31 July 2018.
With the BOC Sheng Siong Card, you will receive 7% cash rebate at Sheng Siong without any minimum spend requirement. This cash rebate is capped at S$70 per month. Moreover, you can enjoy 5% additional cash rebate on purchases made at Sheng Siong every month if you have a total out-store spend of S$400 in the same month. The cash rebate is capped at S$20 each month. 5% cash rebate can be earned on Grab, and all other taxi rides in the country if you spend at least S$400 in a month with the cash rebate capped at S$20 per month. You will also get 1% cash rebate on all overseas spends, with no cap on the rebate earned and no minimum spend requirements. All other purchases will award you with a cash rebate of 0.3%. This credit card lets you enjoy an annual fee waiver for the first year for the principal card and the supplementary card.
The UOB Delight Card lets you save up to S$600 every year with its rebates and discounts. You can enjoy 8% and 3% SMART$ rebate at Market Place, Cold Storage, Giant and Guardian, and Jasons when you spend at least S$800 and S$400 per month on all transactions, respectively. In case you do not meet the minimum spend criteria, you will still earn 0.3% SMART$ at the participating outlets. The rebates are capped at SMART$50 per cardmember. You can save 10% on groceries, beauty and health products if you purchase the items from the house brands of Giant, Guardian and Cold Storage stores. Plus, get 3% SMART$ rebate on recurring bills for Prudential Insurance, telcos, Town Councils, United Overseas Insurance, and SPH newspaper subscriptions if you spend a minimum of S$400 per month. In addition, receive up to 75% discount on hotel bookings worldwide and up to 20% discount on fuel at Shell and SPC stations.
You can enjoy 8% cash rebate at participating supermarkets in Singapore and Malaysia. Also, earn 8% cash rebate on bus, train, and taxi rides and at all leading fuel stations in Malaysia and Singapore. This card also offers a cash rebate of 8% on selected learning and retail stores like POPULAR Bookstores and online stores, Toys ‘R’ Us, and Yamaha Music. Additionally, you can also enjoy 8% cash rebate at LEGOLAND Malaysia Resort and all theme parks in Malaysia. Get 8% cash rebate at Guardian, Watsons, and Unity NTUC Healthcare. You will also receive a cash rebate of 8% at foodpanda, KFC, McDonald’s, and Pizza Hut. All of the above cash rebates can be earned only if you spend a minimum of S$1,000 per month. In case you do not meet this criteria, you will earn 5% cash rebate on transactions with a minimum spend of S$500 each month. You will earn 0.3% cash rebate on all other transactions.
With the OCBC Plus! Visa Card, you will get 7% off at FairPrice Stores and Warehouse Club. You will also earn 3% discount at FairPrice Online. Both these discounts can be earned only if you spend at least S$500 per month anywhere outside of of FairPrice, Warehouse, FairPrice Online and Unity. Enjoy savings up to 18.5% on fuel along with 2.4% Smiles Savings at Esso. At Caltex, you can instantly get a discount of 18% on all fuel grades along with 0.2% LinkPoints rebate. You also earn 3% off at Cheers and POPULAR. The OCBC Plus! Visa Card allows you to enroll in the Smiles 2-in-1 Programme, where you can link the card to an Esso Smiles Account and earn Smiles points every time you pay for fuel using your Visa card.
Citibank SMRT Card comes with a host of benefits like 5% discount on groceries at Giant, FairPrice, and Sheng Siong and up to 7.3% discount at FairPrice Xtra Kallang Wave. This credit card also gives you 5% off on fast food, coffee, and movie tickets at Cathay Cineplexes, Golden Village, Shaw Theatres, and Filmgarde. You can save up to 3% when you shop online using this card. The benefits don’t just stop here. You get 5% discount on toys and books from Toys “R” Us and POPULAR Bookstores, respectively. When you take a SPH newspaper subscription, you can get up to 1% discount on the fee. A minimum monthly spend of S$300 is required to earn the maximum SMRT$ rebate offered under each category, failing to do so will reduce your earn rate by 0.3% per category. Also, the minimum spend per transaction for groceries and EZ-Reload Auto Top-Up is S$50. The convenience fee charged for EZ-Reload Auto Top-up gets waived when it’s charged to your card. All your transactions will earn you SMRT$, which can be redeemed for cash rebates or vouchers. The annual fee for the first two years is waived for the main card and two supplementary cards. You also get up to 10% Citi Rebate at more than 300 locations.
The POSB Everyday Card gives you 5% cash rebate on groceries at Sheng Siong. You can save up to 20.1% on petrol at SPC. Get a 5% cash rebate on your eligible overseas spends (until 31 July 2018) and a 3% cash rebate at Watsons. Not only this, you can also enjoy 3% cash rebate on local medical spends and a 1% cash rebate on your recurring bills from SP Group. All you other spends earn you 0.3% cash rebate. You can use these cash rebates to offset your purchases at more than 300 selected outlets like Watsons, Starhub, SPC, POPULAR, and SP Group. The rebates can also be used to pay your credit card bills or exchanged for CityCab/Comfort taxi vouchers or KrisFlyer miles. This credit card allows you to pay your big-ticket purchases through My Preferred Payment Plan, where you can break down the purchases into 0% interest instalments for up to one year.
With the BOC Family Card, you can earn cash rebate of up to S$1,440 per year. Get a cash rebate of 5% on groceries, online purchases, hospital bills, NETS FlashPay Auto Top Up, and telco bills. This card offers 10% cash rebate on local and overseas dining and movie tickets. You also get 5% cash rebate at selected merchant outlets like BIG BOX, Best Denki, Unity Pharmacy, Toys ‘R’ Us, Welcia-BHG, and Watsons. Enjoy 0.3% cash rebate on all your other transactions. All of these cash rebates can be earned only if you spend a minimum of S$700 in a billing cycle. The cash rebates earned on your card is capped at S$100 per month. A key benefit of this card is that the supplementary cardholders also earn 2% cash rebate on all other transactions. This cash rebate is capped at S$20 per month. However, you must spend at least S$200 on your supplementary card to earn this rebate.
If you shop for groceries at local supermarkets and stores, you will get a cash rebate of 5%. The card offers 5% cash rebate on cable TV, certain recurring mobile, and internet bill payments. When you use this card to purchase fuel at Caltex or Shell, you will get up to 5% cash rebate. You can also enjoy an additional 16% instant discount on petrol at Shell and Caltex, till 31 December 2018. Spend at any of the local food and beverage outlets and earn 2% cash rebate on the total bill. To earn these cash rebates, however, you must charge a minimum of S$800 on eligible purchases every month for each quarter. The amount of rebate you can earn in a month is capped at S$120 per cardmember. With every S$1 spent using this card, you will get 1 Rewards point. These rewards points can be exchanged for vouchers or air miles like KrisFlyer Miles and Asia Miles.
If you are a Premier customer of HSBC, you are eligible to apply for this card. Enjoy a perpetual annual fee waiver for the main card and choose between S$150 cashback or 10,000 air miles (in the form of 25,000 Rewards points) if you spend at least S$600 during the qualifying spend period as your welcome gift. Also, get up to 5% cash rebate on groceries at local stores, recurring bills, up to 6% cash rebate on petrol at Caltex and Shell, and up to 2% cash rebate on local dining if you spend S$800 for three months in a quarter. The HSBC Premier Mastercard Credit Card comes with complimentary travel accident insurance of up to S$1 million and golfers’ insurance of up to S$500,000. All you have to do is use this card to pay for your travel expenses and golf fee to enjoy these insurance policies.
The OCBC 365 Card provides 3% cashback on groceries, overseas dining, local dining from Monday to Friday, telecom bills, travel, shopping, and movie tickets. This card also offers 6% cashback on weekend dining in the country. Moreover, you can save up to 23% on fuel at Caltex and earn 5% cashback when you spend on fuel at other petrol stations. At Esso, you can get up to 18.5% discount on fuel purchases. This credit card comes with complimentary travel insurance of up to S$200,000 and up to S$400 coverage for baggage loss when you charge return air tickets to your card. With the OCBC 365 Credit Card, you get an additional cashback of 3% if you are a Child Development Account holder and spend on over-the-counter medical bills. Along with all of these benefits, this card also lets you earn 3% cashback when you take a Grab ride. You can enjoy the Visa Signature Concierge services 24/7 to help you with your needs.
Known as one of Singapore’s most generous rebates card, the UOB One Card lets you earn up to S$1,200 cash rebate per year and an interest of up to 3.33% p.a. on savings in your UOB One Account. You also earn 5% cash rebate on all your eligible purchases, which includes recurring bill payments. However, you must charge a minimum of S$2,000 per month for each quarter with at least five purchases monthly. If you spend S$500 or S$1,000 in a month for each quarter, then you will earn 3.33% cash rebate. The cash rebates are capped at S$300 for each quarter on monthly transactions of S$2,000 or more. In addition, you will get 0.3% SMART$ rebate at Market Place, Cold Storage, Giant, and Jasons. The SMART$ rebate can be used to offset your next purchase. You can get 30% discount on categories like travel, shopping, and dining along with special privileges at airports when you visit places like Japan, Australia, Bali, Thailand, and Hong Kong.
How Cashback Credit Cards for Grocery Shopping Works in Singapore?
A groceries credit card will reward you everytime you purchase groceries from merchant partners. With a cashback or rebate reward, you will earn back a certain amount you spend on groceries at local supermarkets and stores. Several grocery credit cards put a cap on the amount of cashback or cash rebate you can earn in a month, especially cards that offer high cashback/rebate. Once you exceed the limit, the cashback earning rate reduces to a base rate (usually between 0.25% and 0.3%). Hence, you can either pick a card that has higher yet limited rewards or a card that has lower yet unlimited rewards on your grocery spends. For instance, while the Citi Cash Back Card offers you 8% cash back on your grocery spends, the cash back is capped at S$25 (for the grocery category) per month. On the other hand, the HSBC Advance Credit Card offers unlimited cashback (without a cap) but only up to 3.5% of every transaction. The cashback amount can be used to offset your next purchase at merchant outlets. You can also use it to pay either your monthly credit card bill or the card’s annual fee. For instance, the POSB Everyday Card allows you to exchange the rebates for CityCab/Comfort taxi vouchers or KrisFlyer miles.
Many grocery credit cards have minimum spend requirement, where you will earn cashback only if you spend a minimum amount in a month. Hence, make sure you know your spending habits before owning a card. Apply for a credit card only if you know you can meet this criteria without burdening yourself just to earn the rewards offered. The rebates you earn from grocery shopping should at least cover the annual fee of the card. Buy a card only if you know you can pay the balance in full every month or you may incur heavy interest charges that can exceed the cashback amount. Be sure to read the terms and conditions of the card and check how to redeem the rebates. If the cash rebates can be exchanged for shopping or travel vouchers, then check for the participating merchant outlets where those vouchers can be redeemed and if they are useful to you. Some grocery credit cards allow you to add in the amount spent on the supplementary card while calculating your rebates. For example, BOC Family Card holders can earn 2% cash rebate if the supplementary cardmembers spend on all other transactions. However, you must spend at least S$200 on your supplementary card to earn this rebate.
How to Maximise Cashback on Your Grocery Cards
Below are the methods to maximise cashback on your credit card:
- Know your spending habits: Avoid selecting a credit card that offers cashback or rebate across categories. The cashback amount, in this case, will be lower. So, if you spend mostly on groceries, then you should pick a card that provides rebates on grocery shopping. You can even go for credit cards that are associated with certain grocery stores as you will get higher rebates. For instance, the UOB Delight Card gives 8% SMART$ rebate at Market Place, Cold Storage, Giant and Guardian, and Jasons when you spend at least S$800 per month on all transactions.
- Make use of the introductory offers: Most banks offer cashback as a welcome bonus. The amount can be up to S$100 or more if your card gets approved within a certain period. However, always read the fine print and know the expiry date of these offers and other conditions associated. You can always get in touch with your bank manager and ask for details.
- Use the card smartly: If your card rewards you on groceries, make sure you use the card when you buy groceries. If the transaction is eligible for a cashback, try to avoid using cash or a debit card. You can also shop for groceries online as some online stores like Lazada offer attractive rewards. Hence, buy groceries online instead of going to a store (if your card rewards you on such purchases).
- Pay your bills in full: Sign up for a cashback credit card only if you think you can pay the bills in full every time. Credit cards have high interest rates and if you fail to settle your dues in time, you will end up paying more than what you have earned as cashback.
- Read the terms and conditions: Credit cards have several terms and conditions, so, make sure to read them. Some cards, for example, may offer good cash rebates only if you shop from outlets with specific Merchant Category Codes listed by the bank. If you do not buy from those stores, the card might not be of much value to you.
How Rewards Cards for Grocery Shopping Works in Singapore?
Similar to cashback cards, even rewards cards may have a minimum spend requirement in order to maximise the rewards earning potential on the card. There may also be a cap on the number of rewards points you can earn per month. Most grocery cards offer rewards points that can be accumulated and redeemed for future purchases at the grocery stores and supermarkets you frequent such as Sheng Siong, Giant, Cold Storage, etc. Several grocery rewards cards let you convert the rewards points into air miles that can be used to purchase flight tickets. Some rewards programmes offer reward points for every dollar you spend either overseas or in Singapore. Make sure you know the conversion rates charged on the exchange of reward points to air miles. Most banks charge a conversion fee around S$25 to convert your points to miles. The rewards points earned from shopping for groceries at local stores can also be exchanged for discount vouchers with selected merchants from the bank’s rewards catalogue.
For example, with every S$1 spent on groceries using your HSBC Visa Platinum Card, you will get 1 Rewards point. These rewards points can be exchanged for shopping, dining, petrol, travel, and leisure vouchers or air miles like KrisFlyer Miles and Asia Miles. The reward points can also be redeemed for cash credits which you can use in the future to offset your credit card bills or pay the card’s annual fee. Many grocery cards also offer instant rewards redemption wherein you can redeem your accumulated rewards instantly at a merchant outlet, including where you just bought your groceries from.
7 Things to Remember Before Picking a Grocery Card
Just like deciding which offer is best at a supermarket, finding the right grocery card can be difficult. Check out our tips to pick the right card:
- Consider your monthly grocery spend: Analysing your monthly grocery expenses will help you find the right card that offers you maximum rewards. If your grocery spending is high, consider a card that offers higher earning rate even if it has a slightly higher annual fee. On the other hand, if your grocery expenses are limited, consider a low or no-annual fee card.
- Shortlist cards that have higher rewards at your favourite stores: If you already have a preferred grocery store, you do not need a card that forces you to shift your preferences. Pick a card that gives attractive rebates at stores you frequent. For example, if you shop regularly at Sheng Siong, the BOC Sheng Siong Card that gives 7% cash rebate at the store without any minimum spend requirement would be the best for you.
- Consider other perks of the card: Just because the credit card you have picked offers the highest rewards on groceries does not mean it’s the best card for you. There are several credit cards that reward your purchases in other categories along with groceries. Go for a card that rewards not only your grocery spends but your other necessities as well. Make sure to compare the cards before selecting one. For instance, the Citi Cash Back Card offers 8% cash back on Grab rides, dining, and petrol, apart from groceries.
- Check minimum spend requirement and rebate cap: Different cards have different minimum spending requirement and maximum rebate cap. You have to spend this amount every month to be able to earn maximum rewards. Get a grocery card only if you can meet the minimum spend requirement, without overspending. Also check if there is any cap on the cashback you can earn in a month. A card with high reward rate may not always be the best card, if it comes with a low cap. Check if the card also allows you to add in the amount spent on your supplementary card while calculating rebates.
- Look for promotional offers: Most banks offer joining bonuses and perks for new card applicants. Look around for the best promotional offers to maximise your savings.
- Cashback or cash rebate? If you don’t want any hassle at all, cashback cards are the right choice. The money is credited to your account and you can use it to pay a part of the bill or annual fee. Cash rebate cards such as UOB Delight and Citibank SMRT offer cash rebates in the form of redeemable points. If you’re getting a card that gives redeemable points, then know about the merchants where you can redeem those vouchers.
- Match your savings with repayments: Get a grocery card only if you can repay your statement balance in full each month. Otherwise, you might end up paying more interest charges than what you would save in the form of cashback.