Best Credit Card for Groceries at Supermarkets

Best Credit Card for Groceries at Supermarkets
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Credit Cards for Groceries

Grocery shopping might not sound like the most exciting activity to do in the hustle bustle of our everyday lives but it is definitely one that most cannot do without. It is also a costly affair as it can cost each family several hundred or even more than a thousand on groceries in a month. Through choosing the right grocery credit card, one can save hundreds a year which can be equivalent to a month of free grocery plus or minus depending on your needs.

 

Factors to Consider

Grocery credit cards usually only award cardholders with rebates or cashbacks when certain spending requirement is met in a month although there are exceptions. Credit cards from different banks also tend to have tie-ups with different supermarket chains even though there are some cards that award rebates for shopping at any supermarket chains. Hence, it is important to choose a grocery credit card that suits your spending pattern with regards to the amount you put on the card as well as your preferred supermarket for groceries shopping.

 

Credit Cards for Groceries Comparison Table

Credit Card Issuer and Type of Card Minimum Requirements / Conditions Rate for Cash Rebate

BOC Sheng Siong Card

Minimum spend of $400 out-store in a month for additional 6% cash rebate

Earn 6% + 6% cash rebate at Sheng hiong

OCBC NTUC Plus! Visa Credit Card

Minimum spend of $400 in a month outside FairPrice, FairPrice Online, Warehouse Club and Unity

Earn 11% rebate at NTUC FairPrice
Earn an additional 1% rebate if opt in for salary crediting into NTUC-OCBC Starter Savings Account

CIMB Visa Signature Card

Minimum spend of $800 in a month

Earn 10% rebates on groceries at any supermarkets

Citi Cash Back Card

Minimum spend of $888 in a month

Earn 8.5% cashback on groceries until 30 Jun 2020

UOB Delight Card

Minimum spend of $800 or $500 in a month

Earn 8% or 3% SMART$ rebates at Cold Storage, Market Place, Jasons and Giant

Maybank Family & Friends Card

Minimum spend of $800 or $500 in a month

Earn 8% or 5% cash rebate on groceries

Citibank SMRT Card

Minimum spend of $300 in a month

Earn 7.3% SMRT$ rebate at NTUC FairPrice Xtra Kallang Wave and 5% SMRT$ at all other FairPrice Supermarkets, Sheng Siong and Giant

OCBC Plus! Visa Credit Card

Minimum spend of $500 in a month outside FairPrice, FairPrice Online, Warehouse Club and Unity

Earn 7% rebate at NTUC FairPrice

DBS Black Amex Card

Minimum spend of $1,000 in a month

Earn 6% cashback on all spend

OCBC FRANK Card

Minimum monthly spend of $400 offline in a month

Earn 6% cash rebate on online groceries

HSBC Premier MasterCard

Minimum monthly spend of $600 in a month

Earn 5% cash rebate on groceries

POSB Everyday Card

None for Sheng Siong. Subject to signup and minimum monthly spend of $600 for other grocers

Earn 5% cash rebate on groceries

DBS Live Fresh Card

Minimum monthly spend of $600 in a month

Earn 5% cashback on selected contactless payments and online groceries

HSBC Visa Platinum Credit Card

Minimum monthly spend of $600 for all 3 months in a quarter

Earn 5% cash rebate at all supermarkets

UOB One Card

Minimum monthly spend of $2000 for all 3 months in a quarter

Earn 5% cash rebates on all transactions

Standard Chartered Unlimited Cashback Card

Min. deposit of $100k / $50k in StanChart Unlimited$aver Account for 5% /3% cashback

Earn 5% / 3% cashback on any purchase else earn 1.5% cashback on any purchase if not linked to StanChart Unlimited$aver Account

Citi Cash Back+ Card

Maximum spend of $5,000 for first 3 months

Earn 4.5% cashback on all spend, 1.6% cashback after first 3 months.

HSBC Advance Credit Card

HSBC Advance customers / Non-HSBC Advance customers with minimum monthly spend of $2,000

Earn 3.5% / 2.5% cashback for all spend
Earn 2.5% / 1.5% cashback for all spend if minimum spend requirement not met

Maybank Platinum Visa Card

Minimum spend of $300 / $3,000 in a month for all 3 months in a quarter

Earn 3.33% cash rebate on all spend

ICBC Unionpay Dual Currency Card

Minimum spend of $500 a month for all 3 months in a quarter. Cashback only applicable on spending in excess of $500 each month

Earn up to 2% / 5% / 8% cashback for 1st / 2nd / 3rd month in a quarter on all spend in excess of $500 for each month. Highest effective cashback rate is 3.2%

ICBC Koipy Dual Currency Card

Minimum spend of $1,000 in a month

Earn 3% cashback on all spend

OCBC 365 Credit Card

Minimum spend of $800 in a month

Earn 3% cashback at any supermarkets

BOC Family Card

Minimum spend of $800 in a month

Earn 3% at cash rebate any supermarkets

Standard Chartered MANHATTAN World MasterCard

Minimum spend of $3,000 in a month

Earn 3% cash rebate on all spend

ICBC Koipy Dual Currency Card

Minimum spend of $1,000 in a month

Earn 3% cashback on all spend

SAFRA DBS Credit Card

Minimum spend of $500 in a month

Earn 3% rebates on PayPass and online spend

American Express True Cashback Card

Maximum spend of $5,000 for first 6 months

Earn 3% cashback on any purchase, 1.5% cashback after first 6 months

Bank of China Qoo10 Platinum MasterCard

Minimum spend of $200 in a month

Earn 3% Qmoney rebate for all online spend

 

Online Shopping for Groceries

There is an increasing number of shoppers who rather shop for groceries online as it saves time and effort. Major supermarkets in Singapore have also established their online presence with online grocery shopping sites. Banks have also encouraged shopping for groceries online with credit cards for online shopping that award online shoppers with cashback or rebates. This is the same reason why we have included credit cards that award cashback or rebates for online grocery shopping in the table above.

 

The Best Credit Card for Groceries

The useful BOC Sheng Siong Card is an outstanding choice when it comes to choosing a credit card for groceries. It awards cardholders with an attractive 6% cash rebate for shopping at Sheng Shiong with no requirements for minimum spend. This is the highest rebate one can receive from groceries without any worry about minimum spend on the card. It is particularly useful as most families do not constantly spend above $500 a month on groceries. The rebate gets raised to a generous 12% if one can spend at least $400 outside Sheng Siong.

The Citi Cash Back Card and Maybank Family & Friends Card are for shoppers who prefer to shop at any supermarket and are able to consolidate spending on various spending categories. Both cards have a large number of spending categories in which attractive cash rebates are offered and a closer look at each consumer's spending pattern is required to decide which card is more suitable.

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