Credit Cards

The Best Credit Cards in Singapore for Online Shopping 2018

The Best Online Shopping Credit Cards in Singapore 2018

Clara Lim

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Yes, yes, online shopping is evil and causing Singapore’s retail industry a painful death. But we aren’t going to stop shopping online, are we?

There’s zero chance of me spending precious weekend time taking the MRT to town (hell no – I already do that 5x a week and it’s not my idea of fun) and combing through a dozen stores to find the exact Hello Kitty mahjong set I want. Not when it’s one click away on Qoo10.

So if we’re going to keep up with the online shopping, we owe it to ourselves to get nice fat cash rebates or air miles from it.

 

Credit card Online shopping bonus Things to note
DBS Live Fresh Card 5% + 5% (first 6 months) cashback Introductory + 5% offer ends 31 Mar

Min. spend $600

Cashback cap $60

CIMB Visa Signature Card 10% cashback Min. spend $500 AND min. 8 transactions of at least $30 each

Cashback cap $60

BOC Zaobao Credit Card 10% cashback UnionPay credit card

Min. spend $600

Cashback cap $80

Standard Chartered Spree Credit Card 2% cashback (local)

3% cashback (foreign currency)

Cashback cap $60
American Express True Cashback 3% cashback (first 6 months up to $5,000) Introductory offer only
DBS Woman’s World Card 10X rewards ($1 = 4 miles) Min. income $80,000 p.a.

Expenditure cap $2,000 a month

UOB Preferred Platinum Visa Card 10X rewards ($1 = 4 miles) Excludes travel, services, etc.

Expenditure cap $1,000 a month

Citi Rewards Card 10X rewards ($1 = 4 miles) on fashion Excludes non-fashion shopping

Expenditure cap $2,000 a month

OCBC Titanium Rewards Card 10X rewards ($1 = 4 miles) on fashion, dept stores, electronics, kids wear Expenditure cap $12,000 a year
HSBC Revolution Credit Card 5X rewards ($1 = 2 miles)

 

Best cashback credit card for online shopping: DBS Live Fresh Card

DBS Live Fresh Card

DBS Live Fresh Card


Card Benefits

    • 5% cashback when you shop online
    • Additional 5% cashback for the first 6 months with S$600/month min. spend; Cashback cap at S$60/month
    • Sign up within 8 Jan - 31 Mar 2018

    10% cashback on all online spend – even on all your travel bookings and secret late-night McDeliveries? ‘Nuff said.

    While the DBS Live Fresh Card is easily the best on the market, it’s not without restrictions. There’s a minimum spend of $600 and a cashback cap of $60 a month. Which means that while the 10% cashback still applies, you shouldn’t spend more than $600 on this card.

    Oh yes, the 10% cashback is only for the first 6 months, if you sign up by 31 Mar 2018. After that, your rebate drops to 5% – still not a bad figure, really.

     

    Best cashback credit card for foreign currency spending: CIMB Visa Signature Card

    If you get most of your online loot from overseas sites like Amazon and iHerb, you’ll definitely want the CIMB Visa Signature Card which offers 10% rebate for online spend in foreign currency. Even after you factor in transaction fees – which by the way is 1% on this card, compared to the typical 2.5 to 3% – it’s still a good deal.

    However, it has an annoying minimum spend requirement, needing you to monitor and manage your transactions every month. If you can’t be bothered, we don’t blame you. The usual cashback cap of $60 applies too.

     

    Best cashback credit card for Taobao junkies: BOC Zaobao Credit Card

    Another one in the 10% cashback category is the BOC Zaobao Credit Card, but note that since it’s a UnionPay card it won’t be accepted by that many websites.

    But, if you like to buy stuff from Chinese websites, this card is for you. On top of the cashback, currency exchange fees for payment in renminbi are completely waived. Oh, and there are no annual fees for 2 years, so we don’t see any harm in signing up.

    The minimum spend of $600 may be more challenging to meet since it’s a UnionPay card. However, if you do, the cashback cap of $80 is pretty decent.

     

    Best cashback credit card with no minimum spend: Standard Chartered Spree Credit Card

    Standard Chartered Spree Credit Card

    Standard Chartered Spree Credit Card


    Card Benefits

    • Get up to S$120 cashback when you sign up and use your new Credit Card
    • Enjoy 20% cashback on your Grab Rides
    • 3% cashback on all online spends in foreign currency
    • 2% cashback on all online spends in local currency, contactless and mobile payments
    • 20% off vPost shipping fees for air shipments to Singapore, capped at $1250 per shipment
    • Online Price Guarantee: refund of 50% of the price difference if you find a lower price for the same item within 30 days of your online purchase*

    Once regarded as the best credit card for online shopping with a generous 7% rebate, the Standard Chartered Spree card has fallen from grace.

    That’s most because its rebates have taken a nosedive as well, now standing at 2% for local online spending and 3% for foreign currency (barely enough to break even after transaction fees).

    However, this is the one of the few cards that will give you a rebate with no minimum spend, so occasional shoppers might want to get this.

     

    3% cashback credit card with no minimum spend: American Express True Cashback Card

    American Express True Cashback Card

    American Express True Cashback Card


    Card Benefits

      • Apply through MoneySmart from 22 Mar - 19 Apr 2018 to get S$50 worth of Grab OR NTUC Vouchers. Application must be approved by 3 May 2018. Submit your (i)Contact Details and (ii)14-digit Reference Number on the Thank You Page upon completion at this link before 19 April 2018. T&Cs
      • 1.5% Cashback on any purchase you make, anytime
      • First year fee waiver and 3% Cashback for the first 6 months up to $5000 spend
      • Eligible for use with Apple Pay
      • Book with American Express Cards and enjoy attractive offers on hotels and flight bookings with ZUJI Singapore: 12% savings at participating hotels, 2% rebate on all flight bookings

      Another rebate card with no minimum spend to consider is the Amex True Cashback card for its introductory 3% cashback for the first 6 months, up to $5,000.

      However, it doesn’t have a great base rate of 1.5%. So this is one card you can have a short-term fling with and forget all about until the right occasion comes.

       

      Best 10X rewards ($1 = 4 miles) credit card for online shopping: DBS Woman’s World Card

      DBS Woman's World Card

      DBS Woman's World Card


      Card Benefits

        • Earn 10X Rewards (10 DBS Points OR 20 miles per S$5 spend) when shopping online
        • Earn 3X Rewards (3 DBS Points OR 6 miles per S$5 spend) when shopping overseas
        • Enjoy 0% interest over 3, 6 or 12 months and waived processing fee with My Preferred Payment Plan
        • Enjoy exclusive shopping privileges with DBS Lifestyle App

        If you’re not particularly motivated by cash rebates and want to earn air miles or other rewards instead, you’re in luck because banks really, REALLY want you to use their card when you shop online.

        That means “10X rewards” for online spending is now common practice among rewards credit cards. Since that’s equivalent to 4 air miles per dollar, you can just as easily earn miles on a rewards credit card as an actual air miles card. In fact, it might actually be faster.

        Translation: Buy stuff online and you can eventually get a free trip to Europe.

        If you earn $80,000 a year – regardless of gender – you can sign up for the DBS Woman’s World Card, perhaps the best rewards card for online shopping in Singapore.

        It’s extremely versatile as the 10X rewards apply to local and overseas spend, and across a wide range of categories including travel spending and groceries – not just clothes, books, gadgets, etc.

        The expenditure cap of $2,000 a month sounds huge to a proletarian like me, but it is probably easy to burst if you’re earning (and spending) enough to qualify for the card.

         

        Runner up 10X rewards ($1 = 4 miles) credit card for online shopping: UOB Preferred Platinum Visa Card

        UOB Preferred Platinum Visa Card

        UOB Preferred Platinum Visa Card


        Card Benefits

          • Enjoy 2% rebate at Metro, World of Sports and Winter Time
          • Enjoy 3% rebate at bYSI, ColorWash, Crocodile, DHL, and Sephora
          • Enjoy 5% rebate at Tissot

          Can’t qualify for the DBS Woman’s World Card? It’s OK, there’s the UOB Preferred Platinum Visa card with a much lower salary requirement of $30,000.

          You can get the same 10X rewards (4 miles per dollar) on online shopping as well as groceries, food delivery and entertainment – not quite EVERYTHING, but enough to account for the majority of most people’s online spending.

          Note the $1,000 cap on the 10X rewards categories.

           

          10X rewards ($1 = 4 miles) credit card for fashionistas: Citi Rewards Card

          Citi Rewards Card

          Citi Rewards Card


          Card Benefits

          • Get S$120 Cashback
          • 10X Rewards (10 points or 4 Miles) for every S$1 spent on Shoes + Bags + Clothes at Online, Retail or Department stores, locally and overseas
          • Enjoy discounts of up to 50% at Foodpanda, Lazada, Zalora, Reebonz, and more
          • S$1 spent = 1 Rewards point (All other spend)

          If the protagonist of Confessions of a Shopaholic has got nothing on you, you might want to get the Citi Rewards Card which gives you 10X rewards on fashion-related online shopping with a $2,000 monthly cap.

          However, we find this card restrictive as you can’t get bonus rewards on other kinds of online spending – like books, travel and completely useless ThinkGeek merchandise.

           

          10X rewards ($1 = 4 miles) credit card on selected categories: OCBC Titanium Rewards Card

          We’re including the last of the 10X cards, the OCBC Titanium Rewards Card, purely for the sake of completion as it’s similarly restricted.

          The 10X rewards apply to purchases recorded under certain merchant category codes – fashion, electronics, department stores, kidswear and (for 2018 only) personal care. Beware of this clause, as it means you might have to shop at specialist retailers rather than the giant general online stores that dominate the internet.

           

          Best 5X rewards ($1 = 2 miles) credit card with no cap: HSBC Revolution Credit Card

          HSBC Revolution Credit Card

          HSBC Revolution Credit Card


          Card Benefits

          • Option 1: American Tourister Caravan 70cm TSA luggage (worth S$260)
          • Option 2: S$100 Cash Back
          • 5X Rewards points on Online, Dining and Entertainment transactions
          • Includes airline/movie/concert tickets, hotel/travel/taxi bookings, food orders, insurance premiums, and online shopping sites
          • Excludes brokerages/securities and money payment/transfer websites

          Expenditure caps got you down? Yeah, us too, which is why we have a soft spot for this baby despite its relatively unimpressive 5X rewards (2 miles per dollar).

          In addition to not having any minimum spend, it also has absolutely no cap.

          So, technically you can earn unlimited rewards on all your online shopping. Which is a very good thing, because they include all kinds of online spend including travel, food delivery, movies and even insurance premiums!

          This may not be your primary rewards card but it sure is handy to have around, especially since it also gives 5X rewards for offline dining and entertainment.

          Did we miss out your favourite online shopping credit card? Tell us in the comments!

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          Amazon vs Lazada vs Wish: Which Online Shopping Site is Best for Singapore?

          14 Awesome Online Shopping Sites That Offer Free Shipping to Singapore

          3 Additional Costs of Shopping Online Which Many Singaporeans Forget About

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          Clara Lim

          I used to be MoneyDumb. I hung out at H&M every day and thought that a $50 lunch set was a good deal. These days, I spend my time researching the crap out of life and trying to maximise utility on micro-decisions. I'm not sure if that's an improvement.