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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 |
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Minimum spend of $400 out-store in a month for additional 6% cash rebate |
Earn 6% + 6% cash rebate at Sheng hiong |
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Minimum spend of $400 in a month outside FairPrice, FairPrice Online, Warehouse Club and Unity |
Earn 11% rebate at NTUC FairPrice |
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Minimum spend of $800 in a month |
Earn 10% rebates on groceries at any supermarkets |
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Minimum spend of $888 in a month |
Earn 8.5% cashback on groceries until 30 Jun 2020 |
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Minimum spend of $800 or $500 in a month |
Earn 8% or 3% SMART$ rebates at Cold Storage, Market Place, Jasons and Giant |
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Minimum spend of $800 or $500 in a month |
Earn 8% or 5% cash rebate on groceries |
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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 |
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Minimum spend of $500 in a month outside FairPrice, FairPrice Online, Warehouse Club and Unity |
Earn 7% rebate at NTUC FairPrice |
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Minimum spend of $1,000 in a month |
Earn 6% cashback on all spend |
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Minimum monthly spend of $400 offline in a month |
Earn 6% cash rebate on online groceries |
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Minimum monthly spend of $600 in a month |
Earn 5% cash rebate on groceries |
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None for Sheng Siong. Subject to signup and minimum monthly spend of $600 for other grocers |
Earn 5% cash rebate on groceries |
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Minimum monthly spend of $600 in a month |
Earn 5% cashback on selected contactless payments and online groceries |
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Minimum monthly spend of $600 for all 3 months in a quarter |
Earn 5% cash rebate at all supermarkets |
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Minimum monthly spend of $2000 for all 3 months in a quarter |
Earn 5% cash rebates on all transactions |
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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 |
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Maximum spend of $5,000 for first 3 months |
Earn 4.5% cashback on all spend, 1.6% cashback after first 3 months. |
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HSBC Advance customers / Non-HSBC Advance customers with minimum monthly spend of $2,000 |
Earn 3.5% / 2.5% cashback for all spend |
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Minimum spend of $300 / $3,000 in a month for all 3 months in a quarter |
Earn 3.33% cash rebate on all spend |
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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% |
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Minimum spend of $1,000 in a month |
Earn 3% cashback on all spend |
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Minimum spend of $800 in a month |
Earn 3% cashback at any supermarkets |
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Minimum spend of $800 in a month |
Earn 3% at cash rebate any supermarkets |
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Minimum spend of $3,000 in a month |
Earn 3% cash rebate on all spend |
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Minimum spend of $1,000 in a month |
Earn 3% cashback on all spend |
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Minimum spend of $500 in a month |
Earn 3% rebates on PayPass and online spend |
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Maximum spend of $5,000 for first 6 months |
Earn 3% cashback on any purchase, 1.5% cashback after first 6 months |
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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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