Best Credit Card for Groceries in Singapore 2024
updated: Oct 17, 2024
Are you looking to stretch your dollar at the supermarket? In Singapore's bustling food scene, finding the best credit card for groceries can be a game-changer for your wallet. Ready to discover how you can make your grocery runs more rewarding? Let's explore the cream of the crop in Singapore's credit card market for 2024!
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Best Credit Card for Groceries
| credit_card | Cashback Supermarket | Annual Fee | Monthly Spend Required | offers_rewards | apply | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Up to 18% | S$ 196.20 | None | eligible_rewards (1) | on_provider_website | eligible rewards (1) on_provider_website | ||||||
Up to 20% | S$ 196.20 | S$ 2,000.00 | eligible_rewards (6) | on_provider_website | eligible rewards (6) on_provider_website | ||||||
6% | S$ 196.20 | S$ 800.00 per month | eligible_rewards (9) | on_provider_website | eligible rewards (9) on_provider_website | ||||||
5% | S$ 196.20 | S$ 800.00 per month | eligible_rewards (1) | on_provider_website | eligible rewards (1) on_provider_website | ||||||
10% | No Annual Fee | S$ 800.00 | eligible_rewards (1) | on_provider_website | eligible rewards (1) on_provider_website | ||||||
Up to 18% | S$ 196.20 | None | eligible_rewards (2) | on_provider_website | eligible rewards (2) on_provider_website | ||||||
Up to 21% | No Annual Fee | None | N/A | on_provider_website | on_provider_website | ||||||
8% | S$ 196.20 | S$ 800.00 per month | eligible_rewards (2) | on_provider_website | eligible rewards (2) on_provider_website | ||||||
5% | S$ 196.20 | S$ 600.00 per month | N/A | ||||||||
Our Top Pick for Cold Storage: DBS Yuu Visa Card
DBS yuu Visa Card
on_provider_website
| Annual Fee | S$ 196.20 |
|---|---|
| Monthly Spend Required | None |
eligible_rewards (1)
card_details
Our Top Pick for Online Grocers: UOB One Card
UOB One Card
on_provider_website
| Annual Fee | S$ 196.20 |
|---|---|
| Monthly Spend Required | S$ 2,000.00 |
eligible_rewards (6)
card_details
Our Top Pick for Sheng Siong: Citi Cash Back Card
Citi Cash Back Card
on_provider_website
| Annual Fee | S$ 196.20 |
|---|---|
| Monthly Spend Required | S$ 800.00 per month |
eligible_rewards (9)
card_details
Our Top Pick for FairPrice: POSB Everyday Card
POSB Everyday Card
on_provider_website
| Annual Fee | S$ 196.20 |
|---|---|
| Monthly Spend Required | S$ 800.00 per month |
eligible_rewards (1)
card_details
Our Top Pick for General Supermarkets: CIMB Visa Signature Card
CIMB Visa Signature Card
on_provider_website
| Annual Fee | No Annual Fee |
|---|---|
| Monthly Spend Required | S$ 800.00 |
eligible_rewards (1)
card_details
Our Top Pick for Giant: DBS yuu American Express Card
DBS yuu American Express Card
on_provider_website
| Annual Fee | S$ 196.20 |
|---|---|
| Monthly Spend Required | None |
eligible_rewards (2)
card_details
Our Top Pick for NTUC FairPrice Group: NTUC Link Credit Card by Trust Bank
NTUC Link Credit Card by Trust Bank
on_provider_website
| Annual Fee | No Annual Fee |
|---|---|
| Monthly Spend Required | None |
card_details
Our Top Pick for Household Spending: Maybank Family & Friends Card
Maybank Family & Friends Card
on_provider_website
| Annual Fee | S$ 196.20 |
|---|---|
| Monthly Spend Required | S$ 800.00 per month |
eligible_rewards (2)
card_details
Our Top Pick for RedMart and Other Online Grocers: HSBC Visa Platinum Credit Card
HSBC Visa Platinum Credit Card
| Annual Fee | S$ 196.20 |
|---|---|
| Monthly Spend Required | S$ 600.00 per month |
card_details
Understanding Grocery Credit Cards in Singapore
Grocery credit cards in Singapore offer unique perks tailored for everyday shoppers. These cards can significantly reduce your daily essential and food expenses while providing additional benefits. Let's explore what makes these cards special and how you can make the most of their features.
What Makes a Credit Card Ideal for Grocery Shopping?
An ideal grocery credit card provides high cashback rates or reward points specifically for supermarket and online grocery purchases. Some cards offer up to 8% cashback on grocery spending, which can translate to substantial savings over time. The best cards also have low or no minimum spend requirements, making them accessible to all budgets.
Key Features to Look for in Grocery Credit Cards
When choosing a grocery credit card, consider these essential features:
-
High cashback rates at major supermarkets
-
Bonus points or miles for grocery purchases
-
Low annual fees or fee waivers
-
Additional discounts at partner stores
-
Flexible redemption options for rewards
How Grocery Rewards Programmes Work
Grocery rewards programs typically allow you to earn points or cashback on your supermarket spending. These rewards can often be redeemed for discounts on future purchases, vouchers, or even travel miles. Some cards offer tiered rewards, where higher spending leads to better benefits. It's crucial to understand the terms and conditions of these programs to maximise your grocery credit card benefits.
Card Type | Typical Cashback Rate | Reward Points | Annual Fee |
|---|---|---|---|
Basic Grocery Card | 3-5% | 1 point per $1 spent | $0 - $100 |
Premium Grocery Card | 5-10% | 5-10 points per $1 spent | $120 - $200 |
Top Contenders for Best Credit Card for Groceries
Looking for the best grocery credit card in Singapore? We've scoured the market to bring you the top picks for 2024. Our grocery shopping credit card reviews focus on cards that offer exceptional value for your weekly shop.
Here's a rundown of the standout options:
-
OCBC 365 Credit Card: Offers 3% cashback on grocery purchases
-
Citi Cash Back Card: Provides up to 8% cashback at supermarkets
-
UOB One Card: Rewards flat cashback rates, ideal for big grocery spenders
-
POSB Everyday Card: Features savings at Sheng Siong
Let's compare these cards based on their grocery-specific benefits:
|
Card Name |
Cashback Rate |
Annual Fee |
Minimum Spend |
|---|---|---|---|
|
OCBC 365 |
3% |
$196.20 (waived first year) |
$800 |
|
Citi Cash Back |
6% |
$196.20 (waived first year) |
$800 |
|
UOB One |
Up to 10% |
$196.20 |
$2,000 |
|
POSB Everyday |
5% at Sheng Siong |
$196.20 (waived first 5 years) |
No minimum |
Each card offers unique perks tailored to different shopping habits. Consider your preferred supermarket and spending patterns when choosing the best grocery credit card for your needs.
Maximising Your Grocery Credit Card Benefits
To make the most of your grocery credit card benefits, it's crucial to understand how to leverage them effectively. A thorough grocery credit card comparison in Singapore reveals numerous opportunities to save on your weekly shop.
Firstly, timing is key. Many cards offer higher cashback rates during specific periods. Plan your big grocery runs to coincide with these credit card promotions or other promotional periods. This strategy can significantly boost your savings, especially on bulk purchases.
Secondly, don't overlook partner merchants. Your card might offer extra points or cashback at certain stores. By aligning your shopping habits with these partnerships, you can maximise your rewards.
-
Always pay your balance in full to avoid interest charges
-
Set up automatic payments to ensure you never miss a due date
-
Keep track of your spending to hit minimum spend requirements
Remember, some cards cap monthly rewards. To optimise your benefits, consider using multiple cards strategically. For instance, use one card for groceries and another for dining out.
Lastly, stay informed about your card's terms. Grocery credit card benefits can change, so regularly review your card's features. This vigilance ensures you're always getting the best value for your spending habits.
|
Strategy |
Potential Benefit |
|---|---|
|
Shop during promotional periods |
Extra Cashback |
|
Use partner merchants |
Extra points accumulation |
|
Strategic multi-card use |
Maximise rewards across categories |
By implementing these strategies, you'll be well on your way to maximising your grocery credit card benefits and reducing your overall food expenses. It's like finding an extra kaya toast in your breakfast set!
Conclusion: Choosing the Right Grocery Credit Card for You
Selecting the best credit card for groceries in Singapore requires careful consideration of your shopping habits and financial goals. Our grocery shopping credit card review have highlighted several top contenders, each with unique benefits.
To make the right choice, consider these key factors:
-
Your preferred supermarket chains
-
Average monthly grocery spend
-
Cashback rates and caps
-
Additional perks like fuel discounts or dining rewards
Remember, the ideal card balances high rewards with practical spending limits. A card offering 8% cashback might seem attractive, but if it has a low monthly cap, it may not suit big families or frequent shoppers.
Choose a card that aligns with your lifestyle and maximises your savings without encouraging overspending.
|
Consideration |
Action |
|---|---|
|
Shopping Habits |
Track your monthly grocery spend |
|
Preferred Stores |
List your most visited supermarkets |
|
Rewards Structure |
|
|
Additional Benefits |
Evaluate non-grocery perks |
Expert Tips for Smart Grocery Shopping with Credit Cards
Want to get the most out of your grocery credit card benefits? Timing is key. Plan your shopping trips around your card's bonus periods or special promotions. Many of Singapore's best grocery credit cards offer extra cashback or points during certain months or days of the week.
Don't forget to stack your savings. Combine your credit card rewards with store loyalty programmes and discount vouchers. This smart strategy can lead to big savings on your grocery bills. Keep an eye out for exclusive deals offered by your card issuer at partner supermarkets.
Lastly, stay informed about changes to your card's rewards programme. Credit card perks can change, so regularly review your benefits. This helps ensure you're always using the best grocery credit card for your shopping habits, keeping your wallet happy and your pantry full. After all, a well-chosen grocery credit card can be as satisfying as finding an extra piece of chicken in your chicken rice!
Frequently Asked Questions (FAQs)
What is a grocery credit card?
A grocery credit card is a type of credit card that offers cashback or rewards specifically for purchases made at supermarkets and grocery stores. These cards are designed to help you save money on your everyday food shopping expenses.
How do grocery rewards programmes work?
Grocery rewards programmes typically offer a higher cashback rate or earn more rewards points for transactions made at participating supermarkets and grocery stores. For example, you might earn 5% cashback or 5 points per $1 spent on groceries with a dedicated grocery credit card.
What are the key features to look for in a grocery credit card?
When choosing a grocery credit card, look for features like high cashback rates or generous rewards points for grocery spending, no minimum spend requirements, and bonus rewards or discounts at specific supermarket chains. You should also consider the annual fee and any additional perks or benefits the card offers.
Can I use my grocery credit card for non-grocery purchases?
Absolutely! While grocery credit cards are optimised for supermarket and grocery store spending, you can still use them for other purchases. However, the cashback rates or rewards points earned may be lower for non-grocery transactions.
Are there any annual fees associated with grocery credit cards?
Some grocery credit cards may charge an annual fee, while others may waive the fee for the first year or offer fee waivers based on your annual spending. It's essential to consider the annual fee and weigh it against the potential savings or rewards you'll earn from using the card.