Best Credit Cards for Groceries
A visit to the grocery store comes with a heftier price tag these days. As increasing inflation may be expected in 2024, grocery prices have surged over the last year with double-digit price increases for grocery items including seafood, poultry, eggs, and flour.
However, there's a savvy solution to counter these significant price increases: selecting the appropriate credit card and employing it with certain strategies. Here are some useful tips and recommended credit cards for spending on groceries.
Tips On Picking Credit Cards For Grocery Shopping
Popular Credit Cards For Grocery Shopping
UOB One Card
- Cashback on McDonald's, DFI Retail Group, Grab, Shopee, SP and more
- Up to 10%
- Cashback Cap per quarter
- Up to S$500
- Min. Spend per month
- S$500
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Stand a chance to get an Apple 14-inch MacBook Pro (M3 Chip, 2023) (worth S$2,320.25) when you apply through MoneySmart! T&Cs apply.
PLUS get S$350 Cash Credit from UOB when you are the first 200 new-to-UOB customers who successfully apply for an eligible UOB Credit Card and spend a min. of S$1,000 per month, for 2 consecutive months from the card approval date. T&Cs apply.
POSB Everyday Card
- Cash rebates on Online Food Delivery
- Up to 10%
- Cash Rebates on Groceries from Sheng Siong & RedMart
- Up to 5%
- Fuel Savings at SPC
- Up to 20.1% + 2%
Citi Cash Back Card
- Cash Back on Groceries, Petrol & Private Commute
- Up to 8%
- Total Cash Back Cap, per month
- S$80
- at Shell & Esso
- Up to 20.88% savings
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Get a Sony WH-1000XM5 Wireless Noise Cancelling Headphones (worth S$589) or an Apple iPad (9th Gen), 64GB (worth S$508.30) or S$420 Lendlease E-Vouchers (can be used at 313@somerset, Jem, Parkway Parade, PLQ) or S$300 Cash via PayNow, in as fast as 6 weeks from meeting the S$500 spend criteria!
PLUS stand a chance to get a Rolex Submariner 124060 (worth S$15,521) or an Apple iPhone 15 Pro, 128GB (worth S$1,664.25) or a Sony PlayStation®5 (SLIM) Digital Edition (worth S$669) when you apply through MoneySmart! T&Cs apply.
HSBC Visa Platinum Credit Card
- Cash Back on Dining, Groceries, Petrol
- 5%
- Cash Rebate Cap per quarter
- S$250
- Min. spend monthly in a calendar quarter
- S$600
Get a Hinomi Q1 Ergonomic Chair (worth S$499) or a Samsung 27-inch Smart Monitor M5 (worth S$432) or an Apple AirPods 3rd Gen + S$50 Cash (worth S$313.80) or S$150 Cash via PayNow when you apply and spend a min. of S$500 from Card Account Opening Date to the end of the following calendar month. T&Cs apply.
DCS Sheng Siong Card
- at Sheng Siong outlets (with no minimum spend)
- Up to 5% Rebate
- when you spend outside Sheng Siong
- Earn Club Rewards Points
- Annual Principal Fee
- S$196.20 (inclusive of GST)
Which Card Suits Your Grocery Spending Preferences?
Supermarket | Credit Card | Cashback (%) | Additional Perks |
---|---|---|---|
NTUC FairPrice | NTUC Link Credit Card by Trust Bank | Up to 21% (first $350 spent outside FairPrice) | 3% rebate on FairPrice online & in-store purchases |
NTUC Fairprice, Cold Storage | UOB One Card | Up to 10% (capped at S$500/quarter) | New UOB customers get up to 15% cashback |
DBS yuu Card | Up to 5% or more (with no minimum spend and no cap) | 13% cashback when a min. of $600 is spent/month | |
Citi Cash Back Card | Up to 8% (capped at $80/month) | None | |
Giant | HSBC Visa Platinum Card | Up to 5% (capped at $250/quarter) | An additional 1% HSBC Everyday+ Cashback if you have a HSBC Everyday Global Account |
Citi SMRT Card | Up to 5% (capped at $600/year) | None | |
Sheng Siong | BOC Sheng Siong Card | Up to 6% (no min. spend) | 1.5% unlimited cash rebate on your overseas spend |
POSB Everyday Card | Up to 5% (no min. spend, capped at $600/month) | None | |
DCS Sheng Siong Card | Up to 5% (no min. spend) | None |
Frequently Asked Questions
How do I get the most cashback from my credit card?
- Seek out credit cards that feature appealing cashback incentives tailored specifically for grocery purchases. You can tap on platforms such as MoneySmart’s credit cards comparison tool to find out a variety of credit cards available in Singapore that offer the best cashback, such as those up to 15% cashback, or up to 21% savings on groceries and food on selected merchants, and other bonus cashback rewards for transactions made at supermarkets.
What other benefits does a cashback credit card offer?
- In addition to cashback rewards, many cashback credit cards provide other aspects such as travel insurance coverage, dining privileges, or discounts on various everyday expenses. These supplementary benefits can significantly enhance the appeal of a particular card.