Best Grocery Credit Cards in Singapore 2020
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Best Grocery Credit Cards in Singapore 2020

Kenneth Fong
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Now that we should only be leaving our homes to get the essentials.

The weekly grocery run has become a luxury that allows me and the wife to stretch our legs and breathe some fresh air (from behind our masks).

And while I haven’t had that much time to do grocery shopping or cooking before.

I now find that I’ve got plenty of time on my hands to do both.

SpongeBob SquarePants Doing Tricks and Flipping A Burger Patty
Source: SpongeBob SquarePants | Giphy

And if you know me…

Then you KNOW that I would have taken some time to figure out what’re the best grocery credit cards to use.

And by best, I mean those that give us cashback or rebates.

You’re welcome.


TL;DR: Which is the Best Credit Card for Groceries in Singapore 2020?

For this comparison, I’ll be looking at the more popular supermarket chains like Cold Storage, Giant, NTUC, and Sheng Shiong.

Supermarket ChainBest Cashback Credit Card for GroceriesHow Much Cashback?
All SupermarketsCitibank Cash Back Card8%
Maybank Family and Friends Card8%
DBS Live Fresh Card5%
HSBC Visa Platinum Credit Card5%
Cold StorageUOB Delight Card8%
GiantUOB Delight Card8%
Citibank SMRT Card5%
NTUC FairpriceOCBC Plus! Visa Credit Card7%
(12% for NTUC Union members)
Citibank SMRT Card5%
Sheng ShiongBOC Sheng Shiong Card6%
(12% if you spend $600 outside of Sheng Shiong)
POSB Everyday Card (5%)5%


How to Choose the Best Credit Card for Groceries

There’re so many credit cards in the market right now.

Old Fish Folk Pushes Shopping Carts In A Supermarket
Source: SpongeBob SquarePants | Giphy

So how do you choose the best one for grocery shopping?

1) Identify the Supermarket You Frequent

It’s a no-brainer, really.

If you find yourself heading to the NTUC Fairprice on your way back from work because it’s right next to the MRT station or bus stop you get off at.

Then it’s only logical to get a credit card that allows you to get the most cashback or rebates from NTUC Fairprice.

Even if Sheng Shiong or Giant has the best deals, you wouldn’t want to take a 20-minute detour after work JUST to go get groceries right

Unless, like me, you find yourself in an area which has almost all the options available within walking distance.

But even then, you’ll probably just want to stick with one go-to supermarket because it doesn’t make sense to get bread from Sheng Shiong and then walk over to Giant for peanut butter because it’s cheaper.

2) Figure out How Much You Spend a Month

Some credit cards need you to meet a minimum monthly spend in order to enjoy the cashback or rebate.

So if you have a sense of how much you spend a month, including groceries.

You’ll be able to make sure that you can qualify for the maximum amount of rebate which you should be getting with our card.

3) Consolidate Your Spending

On the same note, you’ll want to find a credit card that gives you a rebate on other monthly expenses like transport, dining, and petrol.

Some cards also offer additional or tier-ed rebates if you can meet more than one category of spending.

Pro-Tip: Take Advantage of Supermarket Rewards Programmes

Want to stretch your dollar?

Then you might want to consider pairing your grocery credit card with your go-to supermarket’s rewards programme like NTUC Plus! LinkPoints and PAssion Card TapForMore points.

Mr Krabs Money Eyes
Source: SpongeBob SquarePants | Giphy

This way, you can earn points and offset future spending.

Groceries Supermarket Membership

Membership and rewards programmeApplicable for which supermarket?How are Points awarded?Conversion rate of rewardsPercentage of rewards to amount spent
NTUC LinkPointsNTUC FairPrice, Unity Pharmacy2 LinkPoints for every $1 spent150 Points for $1 worth of rewards1.3%
TapForMore

(PAssion Card)
Giants, Cold Storage, Guardian, Market Place, Jasons1 TapForMore Points for every $1 spent150 Points for $1 worth of rewards0.67%
Prime Supermarket MembershipPrime Supermarkets1 Fresh Points for every $1 spent100 Points for $1 worth of rewards1%

Best Credit Card for All Supermarket Chains

If you’re like me and don’t have a particular supermarket chain that you frequent.

P.S. I just go to whichever has the best deals for the day.

Then these are the cards for you:

Cashback CardsCold StorageGiantNTUCSheng ShiongRebate In The Form Of?Minimum Monthly SpendMonthly Cashback Cap
Citi Cash Back Card0.25%Cash RebateLess than $888No cap
8.0%$888$25
DBS Live Fresh Card0.3%
(online & contactless payment)
Cash RebateLess than $600$20
(online payment)

$20
(contactless payment)
5.0%
(online & contactless payment)
$600
Maybank Family & Friends0.3%Cash RebateLess than $499$80
5.0%$500 - $799
8.0%$800
HSBC Visa Platinum Credit Card5.0%Cash Rebate$600
(for all 3 months in a quarter)
$250
(in a quarter)

Citibank Cash Back Card

The Citibank Cash Back Card gives you 8% cashback on grocery spend across Cold Storage, Giant, NTUC, and Sheng Shiong.

BUT you’ll need to clock $888 minimum monthly spend.

And there’s a $25 cashback cap per category.

This means that for groceries, you’ll want to keep your spending to $312.

Maybank Family and Friends Card

For the Maybank Family and Friends Card you’ll also get 8% cashback on grocery spend at all four supermarket chains.

What’s nice is that the $800 minimum monthly spend is slightly lower than the Citibank Cash Back Card.

Even you dropped to $500 to $799 minimum monthly spend, you’ll still earn a respectable 5% cashback.

It’s also nice that the $80 cashback cap is higher than Citibank’s offering.

DBS Live Fresh Card

The thing about the abovementioned cards is that they all have pretty high minimum monthly spends.

Alternatively, you can use DBS Live Fresh Card which gives you a respectable 5% cashback, at all supermarket chains.

And it only has a $600 minimum monthly spend.

HSBC Visa Platinum Credit Card

Similar to the DBS option, HSBC Visa Platinum Credit Card also gives a 5% cashback at all supermarket chains.

And it also only has a $600 minimum monthly spend.

The only additional caveat is that you’ll need to clock that minimum spend for ALL three months in a quarter to be able to qualify for the rebate which is capped at $250 for the quarter.


Best Credit Card for Cold Storage Supermarkets

Cashback CardsCold StorageGiantNTUCSheng ShiongRebate In The Form Of?Minimum Monthly SpendMonthly Cashback Cap
UOB Delight Card0.3%-SMART$
(1 SMART$ = $1)
Less than $400$50
3.0%$400 - $799
8.0%$800

UOB Delight Card

If you only get your groceries from Cold Storage, then the UOB Delight Card is your go-to card as it gives you an 8% cashback.

With an $800 minimum monthly spend.

But if you’re shopping at Cold Storage, then I don’t think this is really your concern… (read: high SES)

Even if you only manage to hit $400 to $799 minimum monthly spend, you’ll still get 3% cashback.

Oh, and by the way, the card comes with a $50 cashback cap.


Best Credit Card for Giant Supermarkets

Cashback CardsCold StorageGiantNTUCSheng ShiongRebate In The Form Of?Minimum Monthly SpendMonthly Cash Rebate Cap
Citibank SMRT Card-4.7%SMRT$
(1 SMRT$ = $1)
Less than $300$50
($600 annually)
5.0%More than $300
UOB Delight Card0.3%-SMART$
(1 SMART$ = $1)
Less than $400$50
3.0%$400 - $799
8.0%$800

UOB Delight Card

If your favourite place to get groceries is Giant, the UOB Delight Card gives you a pretty sweet 8% cashback.

However, it has an $800 minimum monthly spend.

Plus you only get 3% cashback if you only hit $400 to $799 minimum monthly spend.

Citibank SMRT Card

If you can’t meet the $800 minimum monthly spend for the UOB Delight Card, then the Citibank SMRT Card is an alternative option with a $300 minimum monthly spend.

This is probably more attainable, and the 5% cashback is still quite respectable.

But what’s really nice about this card is that the 5% savings is also applicable at NTUC and Sheng Shiong as well!


Best Credit Card for NTUC Fairprice

Cashback CardsCold StorageGiantNTUCSheng ShiongRebate In The Form Of?Minimum Monthly SpendMonthly Cashback Cap
OCBC Plus! Visa Card--7%-LinkPoints
(150 LinkPoints = $1)
$500 outside of NTUC to qualify for rebate
No cap
12%
(only for NTUC Union members)
$400 outside of NTUC to qualify for rebate
Citibank SMRT Card-4.7%SMRT$
(1 SMRT$ = $1)
Less than $300$50
($600 annually)
5.0%More than $300

The OCBC Plus! Visa Credit Card gives you 7% cashback as long as you spend $500 minimum monthly spend OUTSIDE of NTUC.

If you happen to be an NTUC Union member (FYI: it costs $117 a year), you can push that up to 12% cashback as long as you spend $400 minimum monthly spend OUTSIDE of NTUC.

Citibank SMRT Card

Don’t want to jump through so many hoops?

Don’t spend that much every month?

Then you might want to consider the Citibank SMRT Card which only has a $300 minimum monthly spend.

But still gives you 5% cashback — not too shabby for a no-frills option.


Best Credit Card for Sheng Siong Supermarkets

Cashback CardsCold StorageGiantNTUCSheng ShiongRebate In The Form Of?Minimum Monthly SpendMonthly Cash Rebate Cap
BOC Sheng Shiong Card-6.0%Cash RebateNo min spend requirement$45
12.0%
(only if spend outside of Sheng Shiong)
$600 outside of Sheng Shiong to qualify for rebate$70
Citibank SMRT Card-4.7%SMRT$
(1 SMRT$ = $1)
Less than $300$50
($600 annually)
5.0%More than $300
POSB Everyday Card-5.0%Daily$
(Daily$ = $1)
No min spend requirement$50

If you shop at Sheng Shiong exclusively, then you should always do so with the BOC Sheng Shiong Card.

Why?

There’s no minimum monthly spend required in order to get the 6% cashback, but it does come with a $45 cashback cap.

And if you’re already going to spend $600 outside of Sheng Shiong anyways…

Then you’ll qualify for the upsized 12% cashback instead, which comes with a $70 cashback cap.

POSB Everyday Card

If you don’t have the BOC Sheng Shiong Card, you could use the POSB Everyday Card (no minimum monthly spend and 5% cashback) instead.

Most of us started with POSB/DBS accounts, so we’ll probably have this card somewhere.

Citibank SMRT Card

You can consider the Citibank SMRT Card too which gives a 5% cashback.

But unlike the other 2 options, there’s a $300 minimum monthly spend.


REITs Tool

About Kenneth Fong
Editor of Seedly's blog. Owner of a 4-room HDB BTO and married to a financial clutz. Probably the closest to an adult you can find on the Seedly team.
You can contribute your thoughts like Kenneth Fong here.

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