Ultimate Comparison: Which Bank Has The Best Promotions For Lazada, Shopee, Qoo10?
 
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Ultimate Comparison: Which Bank Has The Best Promotions For Lazada, Shopee, Qoo10?

Ming Feng
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Online Shopping Revenues Expected To Exceed $7 Billion In 2025

When it comes to online shopping, Singaporeans are now the second biggest cross-border online shoppers in Asia-Pacific.

We are currently at 3.12 million online shoppers in Singapore. And this number is projected to increase to 4.11 million by the year 2021, with each online shopper spending an average of $1,662.

Unsurprisingly, 74% of Singaporean shoppers are using credit cards for their online shopping needs. Naturally, this increases the importance of promo codes and credit card promotions when it comes to online shopping.

Online shopping

Here at Seedly, we’re huge advocates of sensible spending. And if you already have a proper budgeting system for shopping, there’s nothing better than promo codes and credit card promotions that will help you save even more!

So for the benefit of our readers – namely YOU – we decided to suss out which banks gives out the best online shopping perks at Singapore’s favourite online market places: Lazada, Shopee, and Qoo10.

TL;DR – Which Bank Can Help You Save The Most At Online Market Places?

For this comparison, here are some assumptions we made about our online shopper:

  • Shops on Lazada and Shopee
  • Is an existing user on both platforms
  • Spends $100 on each platform

Lazada and shopee promo codes and credit card deals

So, which bank has the best online shopping promotions for an existing shopper on Lazada and Shopee?

BankLazada PromosShopee PromosSavings on Lazada
(for $100 spend)
Savings on Shopee
(for $100 spend)
Total Savings
DBS/POSBDBSTHURS
($10 off min spend $80)
DBSTEN4
(10% off total bill, capped at $4)
$10$4$14
UOB$10 off $80UOBTEN4
(10% off, capped at $4)
$10$4$14
HSBCLAZGOHSBC 15% off
(capped at $10)
HSBC4OFF
(10% off, capped at $4)
$10$4$14
CitibankCITILAZMALL
($8 off min spend $60)
CITITEN4
(10% off, capped at $4)
$8$4$12
Standard CharteredSC20APP $20 off
(min. $250 spend)
$5 off
(min. $40 spend)
$0$5$5
Maybank-MBTEN4
(10% off, capped at $4)
$0$4$4
OCBC-OCBC3OFF $3 off
(min. $30 spent)
$0$3$3

We also did a comparison for an online shopper who is NEW to Lazada and Shopee:

  • Shops on Lazada and Shopee
  • Is a new user on both platforms
  • Also spends $100 on each platform
BankLazada PromosShopee PromosSavings on Lazada
(for $100 spend)
Savings on Shopee
(for $100 spend)
Total Savings
DBS/POSB20% off
(capped at $10)
DBSNEW15
($7 off, min. spend $15)
$10$7$17
HSBCLAZNEWHSBC
(20% off, capped at $10)
HSBC7NEW
($7 off, min. $15 spend)
$10$7$17
Citibank20% off
(capped at $10)
CITINEW7
($7 off, min. $15 spend)
$10$7$17
UOB18% off
(capped at $8)
UOBNEW7
($7 off, min. $15 spend)
$8$7$15
Maybank18% off
(capped at $8)
MBNEW7 $7 off
(min. $15 spend)
$8$7$15
Standard Chartered20% off
(capped at $10)
-$10$0$10
OCBC-OCBC7NEW $7 off
(min. $15 spend)
$0$7$7

Lazada Promo Codes and Credit Card Promotions in Singapore

Here’s a list of Lazada promo codes, discounts, and memberships which Singaporean can enjoy with the various cards they hold.

Do take note of the terms and conditions such as amount capped, applicable promo codes, and the expiry date!

Bank of your credit card or membershipNew or Existing user?Discount or Promo codeExpiry Date
DBS/POSBNew20% off
(capped at $10)
30 Jun 2019
CitibankNew20% off
(capped at $10)
30 Jun 2019
Standard CharteredNew20% off
(capped at $10)
30 Jun 2019
American ExpressNew20% off
(capped at $10)
30 Jun 2019
HSBCNewLAZNEWHSBC 20% off
(capped at $10)
31 Mar 2019
UOBNew18% off
(capped at $8)
30 Jun 2019
MaybankNew18% off
(capped at $8)
30 Jun 2019
HSBCExistingLAZGOHSBC 15% off
(capped at $10)
31 Mar 2019
CitibankExistingCITILAZMALL $8 off (min spend $60)30 Jun 2019
DBS/POSBExistingDBSTHURS $10 off $80 30 Jun 2019
Standard CharteredExistingSC20APP $20 off
(min. $250 spend)
30 Jun 2019
UOBExisting$10 off
(min. $80 spend)
31 Oct 2019
Citibank
(In partnership with LiveUp)
New and Existing8% rebate
(capped at $30 per month)
LiveUpNew and Existing5% rebate
(capped at $30 per month)

Shopee Promo Codes and Credit Card Promotions in Singapore

Here’s a list of Shopee promo codes, discounts, and memberships which Singaporean can enjoy with the various cards they hold.

Do take note of the terms and conditions such as amount capped, applicable promo codes, and the expiry date!

Bank of your credit card or membershipNew or Existing user?Discount or Promo codeExpiry Date
DBS/POSBNewDBSNEW15 $7 off
(min. spend $15)
31 Dec 2019
UOBNewUOBNEW7 $7 off
(min. $15 spend)
30 Sep 2019
MaybankNewMBNEW7 $7 off
(min. $15 spend)
31 Dec 2019
OCBCNewOCBC7NEW $7 off
(min. $15 spend)
31 Dec 2019
CitibankNewCITINEW7 $7 off
(min. $15 spend)
31 Dec 2019
Passion CardNewPASSION10EX or PASSION7NEW 10% OFF30 Jun 2019
HSBCNewHSBC7NEW $7 off
(min. $15 spend)
31 Dec 2019
CitibankExistingCITITEN4 10% off
(capped at $4)
31 Dec 2019
OCBCExistingOCBC3OFF $3 off
(min. $30 spent)
31 Dec 2019
UOBExisting$5 off every Weds
(min. $50 spend)
25 Dec 2019
UOBExistingUOBTEN4 10% off
(capped at $4)
30 Sep 2019
DBS/POSBExistingDBSTEN4 10% off total bill
(capped at $4)
31 Dec 2019
HSBCExistingHSBC4OFF 10% off
(capped at $4)
31 Dec 2019
MaybankExistingMBTEN4 10% off
(capped at $4)
31 Dec 2019
Standard CharteredExisting$5 off
(min. $40 spend)
31 Dec 2019

Qoo10 Promo Codes and Credit Card Promotions in Singapore

Here’s a list of Qoo10 promo codes, discounts, and memberships which Singaporean can enjoy with the various cards they hold.

Do take note of the terms and conditions such as amount capped, applicable promo codes, and the expiry date!

Bank of your credit card or membershipNew or Existing user?Discount or Promo codeExpiry Date
UOBExistingFirst 6 digits of UOB Cardnumber to get $10 coupon every Tues31 Dec 2019
Standard CharteredExisting$10 Coupon Pack every Thurs31 Oct 2019

How Much Should You Be Spending Online?

To determine if you are spending too much on your online shopping “addiction”, here’s a quick guideline for you.

Budgeting framework, guideline

Based on our basic budgeting guideline, the only place where expenses for online shopping can come from is the flexible or wealth portion of your salary allocation.

Why? Because the 50% allocation to expenses is to take care of any “basic needs” you have, whereas online shopping is a “want”. The 20% savings component should be an untouchable resource because it’s purely for rainy days.

So… The only place where your online shopping budget can come out from is the 30% allocated to wealth buidling. Which also means that it’s really up to YOU to weigh your priorities for the month.

Because for every one dollar you spend on online shopping, that’s one dollar you forgo which can be put into investments.

Simply put, if you ever find your online spending to be more than 30% of your take-home salary, maybe it’s time to relook your shopping habits.

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About Ming Feng
A stint in Bloomberg gifted me with a beer belly, which only grew larger when I moved on to become a Professional Trader. Now I turn caffeine into digestible finance-related content.
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