Credit Cards

Shopping on Lazada, Zalora or Qoo10? Here Are The Credit Cards You Should Be Using

There is no such thing as having no time to go shopping, at least not in Singapore.

Thanks to the various online shopping portals open to Singaporeans, there’s nothing stopping you from making a purchase or two while standing in a sardine can MRT cabin on your commute to work, or sneaking in a shopping spree at the office when your boss’s back is turned.

You can now buy virtually anything online, from clothes, books and electronics to groceries and your next holiday.

If you’re going to go broke shopping online, the least you can do is to find a credit card that will reward you handsomely while you’re at it. Here’s what to consider when picking a credit card.


Transaction fees

Unless you’re buying from local sites all the time, some of your transactions are likely to be in foreign currencies.

Credit card transaction fees aren’t the same across all banks. Here is a guide elsewhere on MoneySmart to the various charges your bank might be slapping on you.

So take some time out to compare transaction fees. While rewards will often cancel out the transaction fees, in the event that you’re torn between using two cards just pick the one with the lower transaction fees.


Additional discounts

Other than the usual benefits (air miles, cash back or rewards points) your credit cards offer you, don’t forget to check for additional discounts, often tied to the various online merchants. For instance, credit cards often offer discounts for booking flights and hotels on portals like Expedia and Agoda from time to time.


Vouchers and freebies

Stay up-to-date on what freebies and vouchers your cards are offering so you don’t miss out. For instance, $10 coupons are being offered to customers who pay for their Qoo10 purchases using their Citi Rewards card. The same card also offers $6 off when you spend at least $60 on Lazada’s Express Storefront using the code CITIEXP, as well as $20 Zalora credit when you spend at least $200.


Cashback, rewards and air miles

After taking into account any special seasonal promotions, you’ll want to consider the rewards your card doles out on a permanent basis. For instance, many cards offer cashback or a more generous air miles/rewards points conversion rate when you shop online.


So, which cards to use?

Here are some of the cards that can benefit you as an online shopper on Lazada, Zalora or Qoo10.

  • Citibank Rewards Card – You get a generous 10x rewards points for every dollar spent on shoes, bags and clothes online, as well as in department and retail stores, whether in Singapore or overseas
Citi Rewards Card

Citi Rewards Card

Card Benefits

    • 10X Rewards (10 points or 4 Miles) for every S$1 spent on Shoes + Bags + Clothes at Online, Retail or Department stores, locally and overseas
    • Enjoy discounts of up to 50% at Foodpanda, Lazada, Zalora, Reebonz, and moreS$1 spent = 1 Rewards point (All other spend)
    • UOB Preferred Platinum Visa Card – Get 10x rewards points or a generous 4 air miles per dollar when you spend on online purchases and entertainment, as well as whenever you use Visa PayWave.
    UOB Preferred Platinum Visa Card

    UOB Preferred Platinum Visa Card

    Card Benefits

      • $5 = UNI$1
      • Earn rewards faster with 10X UNI$ when you make online purchases
      • Be rewarded 10X UNI$ every time you pay using Visa payWave
      • Standard Chartered SingPost Platinum Visa Credit Card – Prefer to get cashback instead of rewards points/air miles? This card offers up to 7% on eligible online spending (subject to minimum spending of $600 a month), 10% on SpeedPost Priority Service package and 20% off vPost deliveries.
      Standard Chartered SingPost Platinum Visa Credit Card

      Standard Chartered SingPost Platinum Visa Credit Card

      Card Benefits

        • 7% Cashback on eligible online purchases (min. $600 spend/month)
        • 2% Cashback on supermarket purchases (min. $600 spend/month)
        • 0.2% Cashback on other retail purchases, cashback up to $720 a year ($60 per month)
        • Get 20% Cashback on Uber Rides when you charge a min. of $600 on retail spends per month, $50 cashback cap. All transactions on Uber & UberEats App qualify
        • OCBC Frank – This is another good one for cashback. You get 6% cashback on online spending if you spend $400 (excluding online spending, NETS FlashPay and Auto Top-Up spending) in a month.
        OCBC Frank Card

        OCBC Frank Card

        Card Benefits

          • 6% rebate on online shopping
          • 3% rebate on first 2 top-ups for NETS FlashPay Auto Top-Up
          • 0.3% rebate on everything else
          • Up to 5% rebate for entertainment
          • S$60 monthly capped rebate with monthly offline min. spend of S$400 (excludes online and NETS FlashPay Auto Top-Up spend)

          Once you’ve figured out which cards to use for your purchases, you can feel a little better about spending all your money on online shopping on Lazada, Zalora or Qoo10. It might even make sense to start doing your groceries online via services like RedMart and Amazon Prime Now, since the rewards can make it even cheaper than going to the supermarket.

          Which credit card do you usually use for your online shopping? Share your recommendations in the comments!