In between comparing the prices of the various instant noodle brands at NTUC FairPrice and marvelling at how much cheaper alcohol is at Sheng Siong than in bars, why not save even more money by using a cashback credit card that’s optimised for your grocery shopping?
Because banks work with different supermarket chains, it can be a hassle to find out which one actually gives you the most cash rebate for your go-to grocery store.
Plus, many of them come with different rebate tiers depending on how much you spend on that card that month, making it even more confusing.
Here’s a list of credit cards you can use on your next grocery run. Swipe to see the terms & conditions (minimum spend and cap) for each one.
|Credit card||Participating supermarkets||Cashback||Minimum spend||Cap|
|NTUC Plus! Visa Card||NTUC||11%||$400 outside NTUC||$55|
|OCBC Plus! Visa Card||NTUC||7%||$500 outside NTUC||$35|
|Maybank Family & Friends||NTUC, Cold Storage, Malaysia hypermarts||8%||$800||$50|
|Citibank SMRT Card||NTUC, Giant, Sheng Siong||5%||$300||$50|
|BOC Sheng Siong Card||Sheng Siong||12%||$400 outside Sheng Siong||$90 + $20|
|POSB Everyday Card||Sheng Siong||5%||None||$50|
|UOB Delight Card||Giant, Cold Storage||8%||$800||$50|
|Citi Cash Back Card||All including Redmart||8%||$888||$25|
|DBS Live Fresh Card||All including Redmart||5%||$600||$20 + $20|
OCBC/NTUC Plus! Visa Card – best credit card to use at NTUC FairPrice
If you’re a die-hard fan of NTUC FairPrice, you probably already have an NTUC membership… right? Then it’s a no-brainer to get the NTUC Plus! Visa Card and use it at NTUC for a whopping 11% rebate. The really annoying bit is that you need to spend $400 outside NTUC though.
- Enjoy 7% off everything at Fairprice and 3% Fairprice Online
- Free delivery at www.fairprice.com.sg
- Earn 0.22% LinkPoints rewards on all Visa spend
If you’re not an NTUC member (what are you doing with your life???) your alternative is the OCBC Plus! Visa Card, which is basically the weaker version of the NTUC card with just 7% rebate.
Personally, I find the “outside NTUC” minimum spend really annoying, so I don’t mind sticking to the easier-to-use Citibank SMRT Card or Maybank Friends & Family even though the discounts are lower.
BOC Sheng Siong Card – best credit card to use at Sheng Siong
For those of you who prefer to shop at Sheng Siong, you have a few options but hands down the best one is the BOC Sheng Siong card since there’s no minimum spend to get 7% cashback.
- 5% cash rebate with Sheng Siong
- S$50 cash rebate cap per calendar month (maximum spend of S$1,000 per calendar month)
- Cash rebate awarded in Daily$
Another great fuss-free option is the POSB Everyday Card, which also has no minimum spend requirement, but has a lower cash rebate of 5%.
Citibank SMRT Card – best credit card to use at Giant
- 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
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 Giant, Sheng Siong and NTUC FairPrice so long as you spend $300 a month, which is doable for even the thriftiest of us. Even if you don’t meet the minimum spending requirement, you still get a generous 4.7% rebate.
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.
Maybank Family & Friends – best credit card to use at Cold Storage
- Up to 8% cash rebate at selected merchants
- Merchants include Cold Storage and NTUC FairPrice (Singapore) and Giant, TESCO, and more (Malaysia)
- Get 0.3% cash rebate on all other spend with no cap on cash rebates
If your goal is to save money, you probably wouldn’t be shopping at Cold Storage frequently anyway, but hey, who are we to stand between a man and his stinky French cheese?
For the times you really need to make a Cold Storage run, it’s handy to have the Maybank Family & Friends card which gives you 5% or 8% rebate at Cold Storage as well as the more pedestrian NTUC FairPrice.
Best of all, this credit card gives you the same discounts across the border, so you get rebates on top of the savings you get by paying in ringgit!
Citi Cash Back Card – best credit card to use on Redmart
- 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
If your idea of a great weekend is one spent comparison shopping online, this is the card for you. Their 8% cashback offer is one of the best in town, and it applies to all groceries stores including 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.
Don’t have any supermarket loyalty? Use the DBS Live Fresh Card
- Online shopping and payment via contactless methods get 5% cashback
- Contactless Payments: Visa payWave, Apple Pay, Samsung Pay, Android Pay
- Additional 5% cashback for the first 6 months with S$600/month min. spend when signing up within 8 Jan - 31 Mar 2018, Cashback cap at S$60/month
If you don’t have a fixed pattern for obtaining groceries and would rather keep your options open, the most relaxed credit card to use is the DBS Live Fresh. Online, offline, NTUC, Giant, Cold Storage… anything goes.
That’s because the 5% rebate is simply on online spending (Redmart, NTUC FairPrice online) and also on anywhere that accepts Visa PayWave (that’s pretty much all supermarkets in Singapore).
Mind the $20 cap for each category though. This means you should spend up to $400 online and $400 offline each month.
What is your favourite cashback credit card for groceries? Share your recommendations in the comments!
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Tags: Credit Cards