Selecting the best credit card is a highly individualized process - everyone's spending habits will make one card better than another. In creating the following list, we examined each card's value proposition by studying their rewards rates, APRs, annual fees, bonuses, perks, and more. As a result, the list below is organized into groups that provide the highest value to individuals seeking the best reward on grocery shopping.
Table of Contents
- Our Top Grocery Rewards Cards
- Comparison of Grocery Credit Cards by Dollar Value
Our Picks For the Best Grocery Credit Cards in 2017
Below we have featured a number of cards that stand out among grocery reward credit cards and highlighted the main ways they stand out from the crowd. Read on to learn about the best cards to help you maximise cash back, earn air miles, or balance your grocery shopping around your other daily spending needs.
Cashback Rewards On Groceries and Dining: Citi Cash Back Card
Formerly known as Citibank Dividend Card, Citi Cash Back Card, while not as strong as UOB Delight in terms of groceries, is still a legitimate contender for the top spot in this category. It matches UOB Delight's 8% cashback on groceries, and offers another 8% discounts off of your restaurant bills. It also offers 8% rebate on Grab rides and another 21% off on petrol. While it doesn’t cover some other major categories like entertainment, shopping and utility bills, Citi Cash Back’s rebate rates on groceries, gas and dining are some of the highest we’ve seen in their respective fields. Not only that, Citi Cash Back Card saves you 8% on groceries no matter which supermarket you shop at, so you don't have to choose between Cold Storage, Sheng Siong, Giant, Jasons, Guardian or FairPrice.
Citi Cash Back also has a decently high cap on monthly cashback at S$100, for a total of up to S$1.200 of cashback per year. While annual fee is about S$192.6, Citi graciously provides a waiver for your first year. These factors make the Citi Cashback Credit Card quite valuable to anyone looking to save on meals in and out of home.
Pros of Citi Cashback Card
- 8% cash back on grocery, dining and Grab rides
- Up to 20.88% off on petrol at Esso and Shell
- Relatively high cashback cap of S$100 a month
- Promotion: S$120 cash rebate welcome gift for new customers
Cons of Citi Cashback Card
- High annual fee of S$192.6, first year waived
- Relatively high monthly minimum spend of $888 to qualify for maximum benefits
- All other retail expenditures not previously mentioned only receive 0.25% of rebate
Best Grocery Cashback Rewards: UOB Delight Credit Card
As far as grocery is concerned, UOB Delight Credit Card offers the best deal we have seen in Singapore. There are two components to UOB Delight's rewards on groceries. First, there is an 8% discount on groceries at a number of supermarket chains including Cold Storage, Market Place, Jasons, Giant and Guardian. This is already the highest reward on groceries.
On top of this, there is another 10% discount on house brand names at Cold Storage, Giant and Guardian. If you like these house brands products at the aforementioned supermarket chains, UOB Delight card can earn a total of up to 18% discount on groceries for you. Nicknamed a “mom card” by some, it also provides discounts on other family needs like utility bills (3% rebate), making it an excellence choice for anyone with a big family to feed and fixed expenses to take care of every month.
Pros of UOB Delight Card
- Very low annual fee of S$85.6, waived for the first year
- Cash rebates targeted for families like up to 18% off on groceries, and 3% off on utility bills and mass transit
- Promotion: Up to S$120 of cash credit for new customers
Cons of UOB Delight Card
- S$800 monthly minimum spend to enjoy full benefits
- S$50 monthly cap on cashback, upon reaching earn 0.3% cashback
Cashback Rewards in Singapore and Malaysia: Maybank Family & Friends MasterCard Credit Card
We typically recommend Maybank Family & Friends MasterCard Credit Card to people who frequently go back and forth between Malaysia and Singapore. However, this card's grocery reward rate is actually very high compared to competition. Whether you are in Singapore or in Malaysia, you can save up to 8% on all of your grocery necessities with this card. Maybank Family & Friends card also provides another 8% discount on petrol & transportation in both countries, making it quite versatile. Because annual fee is easily waived, it is quite affordable for anyone who can spend S$1,000 a month.
Pros of Maybank Family & Friends MasterCard Credit Card
- Very low annual fee of S$80, waived with S$12,000 of annual spend
- Great cashback of 8% on petrol, transportation (taxis, bus and train rides) and groceries in both Singapore and Malaysia
Cons of Maybank Family & Friends MasterCard Credit Card
- No mile awards
- S$600 cap on annual cash rebate
- Low petrol rebates at 8%
Cashback on Grocery and SMRT: Citibank SMRT Platinum Visa Card
Citibank SMRT Platinum Visa Card presents a unique combination of rewards for people who commute often on SMRT. This card conveniently doubles up as a cashback reward card and an EZ-Link Card, while still offering some of the best rebate rates in Singapore. It offers 7% rebate on groceries at FairPrice, Giant and ShengSiong, up to 15% off on coffee at cafes like Starbucks and 14% off on petrol.
Citi SMRT Card's annual fee of S$160.5 is waived for 2 whole years, so you can enjoy these benefits for a long time for free. With Citibank SMRT card, you can save on commute to and fro work, on grocery shopping on your way back home, and on the coffee breaks to keep you going through the day.
Pros of Citibank SMRT Platinum Visa Card
- One of the highest grocery rebates of up to 7%
- Up to 15% rebate on coffee
- Up to 14% off on petrol at Esso and Shell
- Doubles up as a EZ-Reload card, with 2% rebate on Auto Top-Ups
- Promotion: S$120 cash rebate for new customers
Cons of Citibank SMRT Platinum Visa Card
- Very low cap of S$280 on SMRT$ rebate annually (S$40 monthly), but no cap on Citi reward points
Best Cashback Card for Singapore Power and Utility Bills: HSBC Visa Platinum Credit Card
HSBC Visa Platinum Credit Card is another well-rounded, every day credit card affordable for a moderate budget. This card will not only provide cashback on many of your daily necessities like grocery (5%) at all supermarkets, utilities (5%) and petrol (21%), it also awards 0.4 miles for every S$1 you spend on the card. Due to this characteristic, HSBC Visa Platinum can nicely double up as a travel card as well as a cashback card. All of its benefits can come for free, since its annual fee of S$180 comes with a 2-year fee waiver and will be waived subsequently as long as you spend S$12,500 per year (about S$1,000 a month).
Pros of HSBC Visa Platinum Credit Card
- 5% cashback on grocery
- 5% cashback on utilities like Singapore Power, cable, internet and mobile bills
- Up to 21% off on petrol at Shell and Caltex
- 0.4 miles for every S$1 you spend
- Promotion: Up to S$160 of cash back welcome bonus for new customers (up to S$90 for existing customers)
Cons of HSBC Visa Platinum Credit Card
- Only 2% cashback on dining
- S$800 monthly spend requirement to enjoy full benefit
- S$120 cap on quarterly cashback (S$40 a month)
Best Cash Rebate Card for Health & Medical Expenses: POSB Everyday Card
With POSB Everyday Card, you can save on every essential daily spends in groceries as well as many other categories. True to its name, it is a superbly versatile card perfect for everyday use. While its grocery reward of 5% is only available at Sheng Siong, there are other great rewards like up to 20% off on petrol, 3% on health & beauty at Watsons, 3% on medical bills and up to 1% on monthly recurring bills. Because these represent the biggest expenditure areas for a family, we recommend this card for moms with a family to take care of. This card is especially effective in keeping one's family healthy while saving money. Its annual fee of S$192.6 is waived for the 1st year.
Pros of POSB Everyday Card
- Up to 20.1% discount on petrol at SPC
- 5% rebate on groceries at Sheng Siong
- 3% cash rebate on Health, Beauty and Personal Care at Watsons
- 3% rebate on medical expenses at hospitals, medical and dental clinics
- Up to 1% rebate on monthly telco, SP services, cable TV and broadband bill (capped at S$1 per month)
- EZ-Link Auto Top Up
- Can be used as an ATM card for POSB banking customers
- Promotion: Up to S$100 welcome cash bonus for spending S$500 within first month of approval
Cons of POSB Everyday Card
- 0.3% rebate on everything not listed above
- S$700 monthly spend minimum
Highest Flat Rate Cashback Card: UOB One Card
UOB One Card is arguably one of the best flat rate cashback card in the country. For consumers who are willing to manage their expenses closely and make effort to maximize their awards, UOB One card can provide up to 5% cash back on every S$1 of expense. With this card, you can save not just on grocery, but also on dining, entertainment, travel, shopping and many other things you like to spend money on. It also comes with a petrol discount of up to 24% at SPC and Caltex.
UOB One card is a great flat rate cashback card with an annual fee of S$192.6 that is waived for the first year. One of its few downsides is that its cash rebate is capped at S$1,200 per year, but that's still more than most other cards in the market. We highly recommend UOB One card for anyone who want to save on all their expenses and want to consolidate cashback card into one and reduce number of annoying monthly bills.
Pros of UOB One Card
- Flat rate cashback of up to 5%, one of the highest in the market
- Up to 24% discount on petrol at SPC and Caltex
- Extra interest income of up to 3.33% on your UOB One Savings account
- High monthly cap on cashback at S$100
- Promotion: Up to S$120 of cash credit for new customers
Cons of UOB One Card
- High monthly spending requirement of up to S2,000 to qualify for high rewards
- Rather complicated to use to maximize rebate
Best Cashback Card without Annual Fee: OCBC 365 Credit Card
Somewhat similar to POSB Everyday card, OCBC 365 Credit Card is an ideal card for daily use. It provides a respectable set of cashback rates for dining, groceries, petrol, online shopping and utilities. For groceries, its rebate of 3% is on the lower end of the spectrum compared to other cards featured here; however, it compensates for it with up to 6% off on dining, 3% on online shopping, 22% on petrol and 3% on recurring utility bills.
OCBC 365 card is designed to address almost all the daily needs of an average person or family without skewing towards a specific category. It is also more affordable than POSB Everyday card, given that its annual fee of S$160.5 is perpetually waived as long as you spend a meager amount of S$10,000 on the card annually.
Pros of OCBC 365 Card
- Annual fee waived for 2 years and subsequently waived for annual spend of only S$10,000
- A well-rounded mix of high rebates on essential categories for families including: Up to 6% on dining, 3% on online shopping, Up to 22.2% on petrol, 3% on groceries, and 3% on recurring utility bills.
- Relatively high monthly cap on cashback of S$80
- Low minimum monthly spend of S$600 to enjoy full benefits
Cons of OCBC 365 Card
- Rebates for major categories like Grocery or Dining lag behind peers
- Relatively high annual fee of S$192.6 if you don’t get the waiver
Summary of Best Grocery Rewards Credit Cards 2017
In case you want a quick look at our picks, here are ValuePenguin's best grocery rewards credit cards for 2017.
|Grocery Cards||Grocery Reward||Annual Fee|
|UOB Delight Card||Up to 18%||S$85.6|
|Citibank Cashback Card||8%||S$192.6|
|Maybank Family & Friends Platinum MasterCard||8%||S$80|
|Citibank SMRT Platinum Visa Card||7%||S$160.5|
|POSB Everyday Card||5%||S$192.6|
|HSBC Visa Platinum Credit Card||5%||S$192.6|
|UOB One Card||5%||S$192.6|
|OCBC 365 Card||3%||S$192.6|
Best Grocery Credit Cards by Dollar Value
To help you find the best grocery credit card in Singapore, we have prepared a chart below organizing grocery credit cards by their 2-year dollar value*. We have estimated an average Singaporean's monthly expenditure patterns through research to model out likely savings from credit cards. However, you should remember that this estimate is an approximate value based on an estimate of the average consumer's spending habits, and may differ in actual result depending on your unique set of expenditures.
*ValuePenguin calculates the dollar value of rewards based on S$2,000 of monthly spending. We sum the value of points, miles and cashback in dollar terms and subtract the annual fee over a 24-month period. The estimates here are ValuePenguin's alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.