Credit Cards

Groceries in Singapore – What Cashback Credit Cards Are Best At Supermarkets?

best credit card for groceries

Joanne Poh

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The mere fact of grocery shopping might already result in your slapping yourself a mental high five for being financially prudent and saving money. I mean, who doesn’t deserve a thumbs up for resisting the ever-present temptation of summoning FoodPanda or Deliveroo?

Because we always like a challenge, in between comparing the prices of the various instant noodle brands at FairPrice and marvelling at how much cheaper alcohol is there than in bars, why not save even more money by using a cashback credit card that rewards you for grocery shopping?

Here’s a list of cards, arranged more or less in order of the amount of cashback they can get you on your next grocery run.

Credit card

Cashback for groceries

Things to note

Citi Cash Back Card

8%

Includes online grocery delivery from Honestbee and Redmart.

Min. spend $888

Cashback cap $25

Maybank Family and Friends Card

8% / 5%

Only applicable to Cold Storage, NTUC Fairprice/Finest/X-tra, and (in Malaysia only) AEON BIG, Giant, TESCO and Pacific Hypermart.

Min. spend $1,000 to qualify for 8% cashback

Min. spend $500 to qualify for 5% cashback

Cashback cap $600 per year

UOB Delight Credit Card

8% / 3%

10% housebrands at Cold Storage and Giant

Only applicable at Cold Storage, Market Place, Jasons and Giant

Min. spend $800 to get 8% rebate

Min. spend $400 to get 3% rebate

Cashback cap $50

OCBC Plus! Visa Credit Card

7% at FairPrice and Warehouse Club

3% at FairPrice Online

Only applicable at FairPrice.

Min. spending $500 on non-FairPrice expenditure

Cashback cap for max of $500 worth of transactions

HSBC Visa Platinum Card

5% / 3%

Min. spend $800/month for all 3 months in a quarter to qualify for 5% rebate

Min. spend $400/month for all 3 months in a quarter to qualify for 3% rebate

Citibank SMRT Card

5%

7.3% for FairPrice Xtra Kallang Wave

*Transactions must be $50 and above, otherwise cashback will be 2% less

Only applicable at FairPrice, Giant and Sheng Siong

Min. spend $300, otherwise cashback will be 0.3% less

Cashback cap $600 per year

POSB Everyday Card

5%

Valid till 30 Jun 2018.

Only applicable at Sheng Siong

Cashback cap $50

OCBC 365 Credit Card

3%

Min. spending $600

Cashback cap $80

UOB One

$50 (up to 3.33%) / $100 (up to 3.33%)  / $300 (up to 5%) (quarterly flat payout)

Min. spend $500 / $1,000 / $2,000 x 3 months in a quarter

Cashback cap $50 / $100 / $300

HSBC Advance

3.5% / 2.5% / 1.5%

Min. spend $2,000 and must be an HSBC Advance customer, otherwise cashback is only 2.5% (for HSBC Advance customers) or 1.5% (for non-HSBC Advance customers)

Cashback cap $125

Maybank FC Barcelona Visa Signature

1.6%

Amex True Cashback Card

1.5%

3% cashback on up to $5,000 spend in first 6 months of card membership

Stanchart Unlimited Cashback Card

1.5%

3% cashback on all foreign currency spend for 1st 3 months of card membership

 

Most generous cashback card for groceries: Citi Cash Back Card

If your idea of a great weekend is one spent comparison shopping in supermarket aisles, this is the card for you.

Their 8% cashback offer is one of the best in town, and to top it all off this is extended to all grocery stores in the world, as well as online grocery delivery from Honestbee and RedMart.

The main drawback is that the minimum spending requirement is a high $888, and since the grocery cashback is only $25 a month, you probably don’t want to spend that $888 all on groceries to feed your 8 kids.

On the bright side, there’s lots of other stuff you can spend on to meet the minimum spending requirements, since you also get 8% cashback on dining, Grab and petrol.

Citi Cash Back Card

Citi Cash Back Card


Card Benefits

  • Get S$120 Cashback
  • 8% cash back at supermarkets & grocery stores worldwide
  • 8% cash back is also applicable for online groceries delivery including honestbee and RedMart
  • Total minimum retail spend of S$888/statement month to get 8% cash back, capped at S$25 per category (Dining, Grab rides valid till 6 Apr 2018, Groceries, Petrol). For retail spend less than S$888 and/or other retail spend categories, 0.25% cash back is awarded, no cap

 

Best cashback card for groceries at FairPrice, Giant and Sheng Siong: Citibank SMRT Card

High cashback usually comes with high minimum spending requirements. The Citibank SMRT Card is a bit of an exception.

The card offers a generous 5% cash rebate at FairPrice, Giant and Sheng Siong so long as you spend $300 a month, which is doable for even the thriftiest of us. If you shop at FairPrice Xtra Kallang Wave, you get a very generous 7.3%. And if you don’t meet the minimum spending requirement, you get 0.3% cash rebate less, which still brings your total rebates to a generous 4.7% (7% at FairPrice Xtra Kallang Wave).

The main thing to pay attention to is to ensure your purchases add up to at least $50 each time, otherwise you will lose 2% cashback.

Sure, more atas grocery stores like Cold Storage or Jasons aren’t represented here, but if your goal is to save money, you probably wouldn’t be shopping there anyway.

Citibank SMRT Card

Citibank SMRT Card


Card Benefits

    • Up to 5% savings on on Groceries. 4.7% (For transactions above $50. If transaction is $50 and below, 2.7% awarded instead) + 0.3% (If monthly card spend is at least $300)
    • Grocery - FairPrice, Giant, Sheng Siong, FairPrice Xtra Kallang Wave (up to 7.3% savings) only
    • Savings awarded in SMRT$. 1 SMRT$ = S$1 of vouchers. Vouchers available for Giant, Sheng Siong, Popular, Watsons, Shaw Theatres

     

    Best cashback credit card with no minimum spending requirement that gives you cashback at every supermarket: Maybank FC Barcelona Visa Signature

    This card offers 1.6% cashback on everything with no minimum spending requirement and no cashback cap.

    Their regular cashback rate of 1.6% narrowly edges out the American Express True Cashback Card and Standard Chartered Unlimited Cashback Card, which offer 1.5%.

    But those two cards have the advantage of offering 3% in the first 3 months of card membership, the Amex True Cashback Card on up to $5,000 worth of spending, and the Standard Chartered Unlimited Cashback Card on all foreign currency spending. So if you’ve got a lot of spending or a big trip coming up, sign up for those cards instead.

    Maybank FC Barcelona Visa Signature Card

    Maybank FC Barcelona Visa Signature Card


    Card Benefits

    • Get a Samsonite Orfeo 69cm Spinner (worth S$420)
    • Win a trip for 2 to watch FC Barcelona LIVE in Camp Nou
    • 1.6% Unlimited cash rebate on all local spend
    • No minimum spend and no cash rebate cap

     

    What is your favourite cashback credit card for groceries? Share your recommendations in the comments!

     

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    Joanne Poh

    In my previous life, I was a property lawyer who spent most of my time struggling to get out of bed or stuck in peak hour traffic. These days, as a freelance commercial writer, I work in bed, on the beach, in parks and at cafes, all while being really frugal. I like helping other people save money so they can stop living lives they don't like.