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The Best Shopping Credit Cards in Singapore This 2017

best-shopping-credit-cards-in-singapore

Earn air miles, vouchers, and other gifts when you shop with the best shopping credit cards in Singapore. Find out which credit card is for you!

If you’re going to spend several hundred dollars buying new clothes, electronics, or furniture, why not earn extra rewards while you’re at it?

In Singapore, it certainly pays to use the right Credit card for shopping. With generous rewards for every dollar you spend, credit cards can make your money work hard and shower you with gifts – assuming you pay your bill in full and on time, of course!

We came up with a list of the best Shopping Credit Cards from our partners and the market. Whether it’s more flexibility paying for big purchases or earning air miles from your shopping, we hope you’ll find the perfect card for you below:

Best Shopping Credit Cards in Singapore

Card Name Shopping Reward Required Minimum Spend Maximum Cashback / Points Earned Per Month

Welcome Offers

OCBC CashFlo MasterCard 3-month 0% instalment plan for purchases between S$100 and S$1,000

6-month 0% instalment plan for purchases worth S$1,000 or more

0.5% cash rebate with monthly bill below S$1,000

1% cash rebate with monthly bill of S$1,000+

Purchase must be worth at least S$100 to trigger the auto-instalment plan No limits to cash rebate None
Standard Chartered SingPost Platinum Card 7% cashback on eligible online purchases S$600 S$60 Choose from: (a) up to $138 cashback, (b) $150 Caltex StarCash card or (c) $150 in Uber credits
ANZ Optimum World MasterCard 5% cash rebate on your preferred category (dining & leisure, travel, shopping, or groceries) No minimum spend required No limit to cash rebate None
Citi Rewards Visa Signature Card Promotion: 20 Citi Dollars or 8 miles per S$1 spent at selected merchants

10 Citi Dollars or 4 miles per S$1 spent on shoes, bags and clothes at online or retail stores, or department stores, locally and overseas

No minimum spend required Promotion rate is capped at 20,000 Citi Dollars per statement cycle

Capped at 120,000 Citi Dollars per Citi Dollar Period.

S$100 NTUC voucher when you apply through SingSaver.com.sg until 31 March 2017

Best for Large Purchases: OCBC CashFlo MasterCard

Credit card instalment plans make big purchases more affordable, but they come with a couple of drawbacks too. However, there is one credit card that brings the best of both worlds.

ocbccashflowOCBC 365 Credit Card

The OCBC CashFlo MasterCard is the only credit card in Singapore that automatically splits payments into 0% instalment plans, and rewards you for them. With a minimum spend of S$100, all purchases below S$1,000 get split into an interest-free 3-month instalment plan. When you spend on an item worth S$1,000 or more, payments get split over 6 months.

Unlike other credit cards, which don’t give rewards for purchases on instalment, the OCBC Cashflo MasterCard awards you with rebates. Earn a 1% rebate with a monthly bill higher than S$1,000, or 0.5% rebate with a monthly bill lower than S$1,000.

Eligibility and Fees

Before you apply for this card, take note of the eligibility requirements and fees.

Annual Income for Singaporeans / PR Annual Income for Foreigners Annual Fee Fee Waiver

Effective Interest Rate

S$30,000 S$45,000 S$160.50 First 2 years 25.92% p.a.

What We Like

  • Hassle-free instalment plans. No need to check with the bank or apply for an instalment plan when you make a purchase.
  • Cash rebates. While a 1% rebate doesn’t seem so impressive, S$10 cashback is still S$10 saved!

What We Don’t Like

  • Limited use. There are no other rewards beyond the auto-instalment plans and access to OCBC buffet promotions.

Best for Online Shopping: Standard Chartered SingPost Platinum Card

This card was built with online shoppers in mind, with 7% cashback for online purchases – including travel bookings, food deliveries, and retail! Do note that you must spend at least S$600 per billing cycle to earn rebates on online shopping. Rebates are capped at S$60 per month.

SCB SingPostOCBC 365 Credit Card

The SingPost Platinum Visa comes equipped with great safety features to keep online shoppers protected. If within 30 days after making an online purchase, you find the same item on a different website at a much lower price, you can claim a 50% refund of the price difference through the card’s Online Price Guarantee feature. With the card’s CardSafe Guarantee, you never have to worry about strangers getting hold of your card number and charging thousands of dollars worth of transactions on it.

If you do the bulk of your online shopping on Amazon and other US-based stores, you might like the fact that it comes with vPost shipment discounts. New customers get 30% off their first shipment, while you get 20% off for subsequent shipments.

Finally, this card also gives you discounts on your Uber rides until 30 September 2017, and a choice of S$150 in Uber credits as a welcome gift!

Eligibility and Fees

Before you apply for this card, take note of the eligibility requirements and fees.

Annual Income for Singaporeans / PR Annual Income for Foreigners Annual Fee Fee Waiver Effective Interest Rate
S$30,000 S$60,000 $192.60 w/GST First 2 years 24.455%

What We Like

  • High cashback for online shopping. Of all the online shopping credit cards in Singapore, the Standard Chartered SingPost Platinum has the highest cashback.
  • Consumer protection. The Online Price Guarantee feature and CardSafe Guarantee ensures you get the best deal and safest shopping experience.
  • Flexible welcome gifts. We love the fact that you have a choice of three different welcome offers.

What We Don’t Like

  • Limited cashback earned. It’d be too good to be true to get 7% cash rebate off all online purchases, but S$60 is still a lot of savings each month!

Best Card for Shopping Rebates: ANZ Optimum World MasterCard

The ANZ Optimum World Mastercard Card gives you up to 5% cashback for your online shopping sprees. What sets this card apart from the others: no minimum monthly spend, and no monthly cap on cashback earned.

ANZOptimumWorldMasterCardCreditCardOCBC 365 Credit Card

You’ll start earning 5% cashback for every transaction over S$10. However, the maximum cashback you can earn per transaction is S$30, so the best way to use this card is to keep your purchases between S$10 and S$600 each time.

There’s one more caveat – the 5% cashback is applied to transactions belonging to 1 of 4 categories, which you can select every quarter (the cutoff date is on the 25th every December, March, June and September). You’ll need to figure out your spending pattern throughout the year so as to make the most out of this mechanic, but you’ll have greater flexibility on how you can earn cashback.

If you forget to set the correct category, you’ll earn only 1% cashback for the quarter. However, with the ability to earn unlimited cashback, it’s worth the slight inconvenience to log in and make your selection every 3 months.

Eligibility and Fees

Before you apply for this card, take note of the eligibility requirements and fees.

Annual Income for Singaporeans / PR Annual Income for Foreigners Annual Fee Fee Waiver Effective Interest Rate
S$80,000 S$80,000 $180 Waived for the first year 25%

What We Like

    • Highest shopping rebates. Where most cashback cards cap rebates at less than S$100 per month, you can potentially earn unlimited rebates with this credit card.
    • Earn rebates from other types of spend. The rotating cashback feature means you can also earn cashback on groceries, travel, and dining.

What We Don’t Like

    • Shopping rebate is not available all year round. Once you’ve selected Shopping as your preferred category, you can’t select it again until the following year.
    • High minimum income requirement. At S$80,000 for Singaporeans, PRs, and foreigners, this card is certainly not for everyone.

Best Card for Travel Rewards: Citi Rewards Visa Signature Card

Many credit cards let you trade rewards points for air miles, but the Citi Rewards Visa Signature Card is the most efficient one at doing so.

citibankrewardscard-300OCBC 365 Credit Card

You earn 10 Citi Dollars or 4 miles for every S$1 you spend on shoes, bags, and clothes at online or offline retail stores and department stores. No other card, not even the most premium air miles credit card, gives you this many miles per dollar!

Occasionally, the Citi Rewards Card gives 20 Citi Dollars or 8 miles at certain stores. At the moment, you can enjoy this accelerated earn rate at Qoo10 until 30 April 2017. Do note that the rewards are capped at 20,000 Citi Dollars per calendar month (around S$100 worth of purchases).

Outside of buying shoes, clothes, and bags, this credit card gives you 1 Citi Dollar per S$1 spent.

Finally, the Citi Rewards Card gives exclusive discounts to the most popular online shopping destinations in Singapore, including Lazada, Zalora, and Airbnb. And because it’s a Citi credit card, you can also use it to get access to Citibank’s buffet promotions.

Eligibility and Fees

Before you apply for this card, take note of the eligibility requirements and fees.

Annual Income for Singaporeans / PR Annual Income for Foreigners Annual Fee Fee Waiver Effective Interest Rate
S$30,000 S$42,000 S$192.60 Waived for the first year 26% p.a.


What We Like

  • Earn air miles when you shop. Generous rewards await when you spend on the right items at the right stores. At 4 miles per S$1, this is one of the highest miles-per-dollar rate in the market.

What We Don’t Like

  • S$25 fee to transfer points to miles. Unfortunately, miles are credited as points or Citi Dollars, and you’ll be charged a S$25 Points Transfer fee every time you convert them to miles. We suggest saving up several thousand miles and converting them in one go to save on the Points Transfer fee.
  • Only 1 point per S$1 on non-fashion items. If you don’t spend much on shoes, bags, or clothes, this card may not be right for you.

Prefer a card we didn’t mention? You can use SingSaver.com.sg’s free comparison tools to compare shopping credit cards in Singapore.

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Lauren Dado

By Lauren Dado
Lauren has been a content strategist and digital marketer since 2007. As SingSaver.com.sg’s Content Manager, Lauren edits and publishes personal finance stories to help Singaporeans save money. Her work has appeared in publications like Her World, Asia One, and Women’s Weekly.


The post The Best Shopping Credit Cards in Singapore This 2017 appeared first on Financial News and Advice in Singapore.



This post first appeared on Singsaver.com.sg News, please read the originial post: here

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The Best Shopping Credit Cards in Singapore This 2017

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