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5.0/5.0 (4 Reviews)Last updated on 2023-11-01
1. Popularity of Online Shopping in Singapore
2. Best Cash Back Credit Cards for Online Shopping
3. Which Credit Card is Best for Online Shopping Cash Back?
With the widespread popularity of online shopping websites such as Lazada, Qoo10 or Shopee 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.
| Credit Card Issuer and Type of Card | Minimum Requirements / Conditions | Rate for Cash Rebate |
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Minimum spend of $800 in a month |
Earn 10% cash rebate for online shopping sites only |
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Minimum monthly spend of $2,000 / $1,000 / $500 for all 3 months in a quarter |
Earn 10% cash rebates at Shopee and 3.33% on all other transactions |
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Minimum spend of $800 in a month |
Earn 10% / 3% Qmoney rebate for Qoo10 / other online spend |
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Minimum spend of $800 in a month |
Earn 8% cash rebate for online fashion if online fashion chosen as a preferred category for cashback |
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Minimum spend of $600 in a month |
Earn 8% rebates on online spend |
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Minimum spend of $800 in a month. |
Earn 8% rebates on online spend |
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Maximum spend of $4,000 for first 2 months |
Earn 8% cashback on all spend for first 2 months, 1.6% cashback after first 2 months. |
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Minimum monthly spend of $800 in a month. |
Earn 5% cash rebates at Lazada, Shopee, Qoo10, Taobao, Popular online and Amazon.sg |
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Minimum monthly spend of $600 in a month. |
Earn 5% cash rebates on online spend. |
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Minimum spend of $500 in a month |
Earn 5% SMRT$ rebate on online shopping |
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Minimum $2,000 deposit in fresh funds to HSBC Everyday Global Account and minimum 5 card transactions a month and spend of $2,000 in a month |
Earn 3.5% / 2.5% / 1.5% cashback for all spend |
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Minimum spend of $300 / $1,000 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 $800 in a month |
Earn 3% rebates on online spend |
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Minimum spend of $600 in a month |
Earn 3% cash rebates on online fashion and travel spend |
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Minimum spend of $500 in a month |
Earn 3% rebates on 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. Earn additional 1% cashback for overseas spend |
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Minimum spend of $200 in a month |
Earn 3% Qmoney rebate for all online spend |
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Additional 2% cash rebate only on Manchester United Match days and if they win their match |
Earn 3% / 1% cash rebate on all spend |
The UOB EVOL Card awards a sustainable 8% cashback for online spend and is the best cash back credit card for online spending. It also offers 8% cash back for mobile contactless making it the perfect general everyday spend card as most merchants now accept contactless payments. The minimum spend to receive the 8% cash back is a reasonable $600 a month. Cashback for online spend / mobile contactless spend / all other spend are capped at $20 each. The cash back rate offered is not the highest as compared to other cards on the list but generous enough and with most other credit cards having higher minimum spend, it is certainly one of the best online cash back cards in the market right now.
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