Credit Cards

7 Best Credit Cards in Singapore for Online Shopping (2019)


Clara Lim



I can barely remember what life was like before online shopping became the norm in Singapore. In fact, I don’t think I want to know.

Between the ridiculously cheap prices on Taobao, rebate programmes like LiveUp and Shopback, and free/cheap shipping and returns on Lazada, online shopping is a complete godsend for thrifty and lazy Singaporeans.

But the icing on the cake? Crazy fat cash rebates on top of all that, thanks to the fact that credit cards are all fighting for you to use them to pay for your online purchases.


7 best cash back credit cards for online shopping Singapore (2019)

Credit card Online shopping rebate Min. spend Cashback cap
CIMB Visa Signature Card 10% cashback $600 $50 for online category (total $100)
BOC Zaobao Credit Card (UnionPay) 10% cashback $600 $80
BOC Qoo10 World Mastercard 10% Qmoney rebate for Qoo10 spend / 5% Qmoney rebate for other online spend $600 $40 (Qoo10) + $40 (other online spend)
OCBC FRANK Credit Card 6% cashback $400 (offline) $60
DBS Live Fresh Card 5% cashback $600 $20 for online category (total $60)
Citi SMRT Card 2.7% to 3% cashback None None but capped at $600 per year
Standard Chartered Spree Credit Card 2% cashback (local) / 3% cashback (foreign currency) None $60


CIMB Visa Signature Card

The CIMB Visa Signature credit card gives you 10% cashback on online spending, and there’s no annual fee. Need I say more!?

All you need to do is to hit the minimum spend of $600 a month. That’s not difficult, considering this credit card ALSO gives you 10% rebate on groceries and dining too.

The only drawback is that online shopping cashback is capped at $50 a month, which means you’ll burst the cap if you spend more than $500 online.

However… if you buy groceries online (e.g. RedMart, Honestbee), that actually falls under their groceries category, which has a totally different cap (also $50). In total, the maximum cashback you can get from CIMB each month is $100.

See the full review of the CIMB Visa Signature Card here.


BOC Zaobao Credit Card

Another one in the 10% cashback category is the BOC Zaobao Credit Card, but note that since it’s a UnionPay card it won’t be accepted by that many websites.

But, if you like to buy stuff from Chinese websites like Taobao and AliExpress, this card is for you. On top of the 10% cash rebate, there’s also no currency exchange fees for payment in renminbi. Oh, and there are no annual fees for 2 years, so we don’t see any harm in signing up.

The minimum spend of $600 may be more challenging to meet since it’s a UnionPay card. However, if you do, the cashback cap of $80 is pretty decent.


BOC Qoo10 World Mastercard

If you’re a Qoo10 addict and don’t mind getting your rebates in Qmoney rather than, y’know, real money, the BOC Qoo10 Mastercard (the World Mastercard, not the Platinum one) is worth considering if you haven’t already signed up for it.

Spend $600 and above in a month to get 10% rebate on Qoo10 purchases and 5% rebate on other online spending. This is capped at $40 for each category, so $80 in all. But again, this is all in Qmoney, which ensures you stay loyal to that platform.

See the full review of the BOC Qoo10 Mastercard here.


OCBC FRANK Credit Card

The OCBC FRANK Credit Card offers 6% cashback on all eligible online spending, which includes not just online shopping but also things like flight tickets, hotel bookings, and Grab rides.

However, the minimum spend is quite high for a card that’s aimed at students – you will need to spend $400 on offline purchases. Assuming you spend about $300 on online shopping, that’s a total of $700.

The cashback cap is $60, which means you should swipe no more than $1,000 for online purchases (so don’t buy your Europe air tickets with it).

See the full review of the OCBC FRANK Card here.


DBS Live Fresh Card

Though its 5% cashback on online spending sounds pathetic in this brave new world of 10% cash back cards, the DBS Live Fresh Card’s advantage is versatility: You also get 5% cashback on contactless payment (Visa PayWave, Apple Pay…). That means you can get a decent 5% rebate both on- and offline.

There’s a minimum spend of $600, which isn’t tough to meet since you can use it offline too, but what you should look out for is the split caps of $20 (online spending) / $20 (contactless payment). This means you can only spend up to $400 for each category each month.

See the full review of the DBS Live Fresh Card here.


Citibank SMRT Card

If you thought the Citi SMRT Card is just for your daily commute, you’re wrong!

It’s got a decent online cashback of 2.7% with no minimum spend. (Excludes travel bookings.) If you spend above $300, it’s an additional 0.3% to make it 3%. It’s not exactly cashback in that you actually earn SMRT$, but you can just convert it to cash rebates at no extra cost – it’s just an added step.

The rebate is capped at 600 SMRT$ per year, which averages out to $50 per month. Because it’s capped on a yearly basis, you can just earn whatever you can first and once you reach the cap, use another card.

See the full review of the Citibank SMRT Card here.


Standard Chartered Spree Card

Despite its name, I really wouldn’t recommend going on an online shopping spree with the StanChart Spree card.

It gives you just 2% cash back for local online spending (as well as contactless payment). For foreign currency spending, you get 3% – barely enough to break even after transaction fees.

However, this is the one of the few cards that will give you a rebate with no minimum spend, so occasional shoppers might want to get this. The cashback is capped at $60 monthly.


What about using a credit card for miles or rewards points?

If you’re not particularly motivated by cash rebates and want to earn air miles or other rewards instead, you’re in luck because banks really, REALLY want you to use their card when you shop online. (Plus, there’s no minimum spend!)

Credit card Earn rate Bonus rewards categories
OCBC Titanium Rewards Card $1 = 4 miles Major online shopping sites, department stores, fashion, electronics, kidswear
Citibank Rewards Card $1 = 4 miles Shoes, bags, clothes + department stores (online & offline)
UOB Preferred Platinum Card $5 = 20 miles ($1 = 4 miles) Online shopping, food, entertainment + contactless payment
Standard Chartered Rewards+ Card $1 = 2.9 miles Foreign currency spending
DBS Woman’s Card $5 = 10 miles ($1 = 2 miles) All online spending including travel
HSBC Revolution Card $1 = 2 miles Online spending, dining, entertainment

The downside is that some of these credit cards are category-specific, so you’ll need to check that your favourite online shopping sites qualify for bonus points/miles.

Read more about these cards and more of the best rewards credit cards for online shopping here.

Did we miss out your favourite online shopping credit card? Tell us in the comments!


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The Complete Guide to Shopping on Taobao in Singapore

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Clara Lim

I used to be MoneyDumb. I hung out at H&M every day and thought that a $50 lunch set was a good deal. These days, I spend my time researching the crap out of life and trying to maximise utility on micro-decisions. I'm not sure if that's an improvement.