There are a few factors to consider when choosing a credit card for groceries:
While everyone has there own needs, certain credit cards fit the average criteria quite nicely. The Citi CashBack and Maybank Family & Friends credit cards currently hold the highest rebate of 8% on groceries. However, they each have a high rate of minimum spend, so you will need to determine if you can keep up before choosing one of them.
|Credit Card Name||Cash Rebate||Minimum Spend|
|Maybank Family & Friends Card||5% to 8% cashback - all supermarkets||S$80|
|Citi Cash Back Card||8% cashback - all supermarkets||S$888|
|DBS Live Fresh Card||5% cashback - online & payWave||S$1000|
|HSBC Visa Platinum Credit Card||5% cashback - all supermarkets||S$600|
The basic premise is that you need to spend a certain amount or more each month if you want to get the rebate. If you fail to spend the necessary amount, you won’t get any rebate for that entire month of spending.
Take a look at above table to learn about each bank’s monthly minimum spend and cashback rates.
Everything you need to know about your chosen credit card is in the terms & conditions. Make sure you read through these before choosing a card. Keep an eye on rewards limits and maximum spending clauses.
Yes, the primary advantage of a grocery credit card is when buying from a specific supermarket. Instead of paying with cash and gaining nothing, you can use this credit card to get some points or cashback rewards from your grocery purchases. You can get air miles for free flights, seat upgrades, or just some cold, hard cash.
Most supermarkets have a particular partner programme to utilize. For example, NTUC uses the Plus! Card, granting you loyalty points that can be used for cashback rewards.
Make sure to choose the credit card which fits your preferred supermarket.
Yes, there are! As long as you reach the minimum spend of your cashback grocery credit card, you can earn some cash every month!
Most grocery stores have an option similar to NTUC. Every store is different and offers one particular form of reward.
The best credit card is the NTUC Plus! visa credit card. It offers up to 12% rebate rewards, provided you are an active member. If you are not a member, you can use other banks’ cards, such as the Citi CashBack credit card. This one will only get you 8% rebate rewards, however.
Citi CashBack or Maybank Family & Friends are the best options for both groceries and petrol deals. However, the minimum spend is quite high.
If you can’t keep up, some easier options are the HSBC Platinum card or the NTUC Plus! visa card.