Best Singapore Cashback Credit Cards for Online Shopping
of Online Shopping
With the widespread popularity of online
shopping websites such as Lazada
which promise lower prices than shopping at your traditional retail
malls, there is a greater need for credit
cards for online shopping which often reward online shoppers
in the form of cashback or cash rebate. However, the amount of cashback
awarded for online shopping has been decreasing as banks realised
there is no need to use cash back to encourage shoppers from shopping
online as online shopping is already a norm. Nevertheless, we manged
to simplify the comparison process and have summed up the benefits
and minimum requirements in the table below.
Earn 3% cashback on online transactions in foreign currency
and 2% cashback for online transactions in local currency
Best Cashback Credit Card for Online Spending
The DBS Live Fresh Card
awards a sustainable 5% cash back on online shopping with a reasonable
minimum spend of $600 a month. It also has 5% cash back for Visa
contactless spend making it the perfect general everyday spend card
as most merchants now accept contactless payments. Cashback for
both categories are capped at $20 each which is quite low but similar
to other credits in the list. We understand that the cash back rate
offered is not exactly eye-popping but with the clampdown on cash
back for online spend, it is certainly one of the best online cash
back cards in the market right now.
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Reviews or Comments (2)
Topic:Best Cashback Credit Cards for Online Shopping
I prefer the DBS Live Fresh Card as its online cashback has a higher cap of $70 as compared to Bank of China Family Card online cashback cap of $30.
Bank of china family card is worthy of a bigger mention as it awards cash rebates for other various spending such as supermarkets, hospital bills and dinning. This is on top of the 5% cashback for online purchases.