Best Shopping Credit Cards 2017

If shopping is one of the biggest category of expenditures for you, you may want to look for a card that with high rewards on shopping at shops and online. With this principle in mind, our team reviewed 100+ options to come up with the best shopping credit cards – based on the value of rewards and bonuses they provide.

Table of Contents

Best Cashback Card for Shopping: DBS Black Visa Card

DBS Black Visa Card provides the highest cashback on shopping of 5% on all genres of shopping anywhere in the world. This is different from other shopping cards int that they tend to offer rebates only on online transactions or just mile awards. DBS Black Card also provides a 0% interest payment plan for those shoppers who occasionally need to buy big ticket items. However, it is not a very versatile card because its rewards on other categories are rather small: 1.2 miles (or 3x DBS points) per S$1 spent on local Visa payWave purchases and 0.4 miles (1x DBS points) per S$1 spent on everything else despite its S$192.6 of annual fee that is waived for 1 year. However, we think DBS Black Visa Card works well for active shoppers who want a dedicated cashback card for all their shopping needs, both at home and abroad.

Pros of DBS Black Card

  • 5% cashback on shopping worldwide including fashion & accessories, and home furnishing, electronics, personal care and more from department stores (until 30 Sept)
  • 5% cashback on groceries at all supermarkets from Jason's, Isetan, Meidi-Ya, Cold Storage, Giant, NTUC Fairprice, RedMart to HonestBee (until 30 Sept)
  • 0% interest payment plans (minimum of S$100 in 1 transaction, maximum 10 transactions per application)
  • High cap on 5% cash rebate capped at S$70 per month
  • Promotion: Up to S$100 welcome cash bonus for spending S$500 within first month of approval

Cons of DBS Black Visa Card

  • 3x DBS Points (or 1.2 miles) per S$1 spent on all local Visa payWave purchases
  • 1x DBS Points (or 0.4 miles) per S$1 spent on everything else
  • S$700 monthly spending requirement for the 5% cash rebate

Best Cashback Card for Online Shoppers: DBS Live Fresh Card

For shoppers who spend most of their money online or via mobile payments, DBS Live Fresh Card is likely the best credit card they can get in Singapore. This card can provide up to 10% of cashback on online purchases and mobile transactions (i.e. Visa payWave, Apple Pay, etc): 5% of cashback on online and mobile payments is combined with an additional 5% for payments with a select number of merchants like Amazon, Lazada, Deliveroo, FoodPanda, Grab and Uber. Although this card requires S$700 of monthly spend to be eligible for these benefits, DBS Live Fresh Card can help save up to S$70/month on your online transactions.

Pros of DBS Live Fresh Credit Card

  • 5% cashback on online transactions and mobile payments
  • 5% additional rebate from: Amazon, ezbuy, Lazada, Shopee, Qoo10, Deliveroo, FoodPanda, McDelivery, UberEats, Grab, Uber, Google Play Store, iTunes, ASOS, Uniqlo, Zalora and Zara
  • 3x DBS points (or 1.2 miles) for every S$1 spent online and on Visa payWave
  • Promotion: Up to S$100 welcome cash bonus for spending S$500 within first month of approval

Cons of DBS Live Fresh Credit Card

  • Annual fee of S$128.4 is waived only for 1 year
  • Monthly minimum spend of S$700
  • Monthly cashback capped at S$70

Best Miles Card for Shopping: Citi Rewards Visa Card

In our opinion, there are two credit cards in Singapore that provide the best rewards for shopping. The first is Citi Rewards Visa Card. Unlike most other shopping rewards cards that offer awards only at predesignated stores or online, Citi Rewards card provides extra miles where ever you shop, even in foreign countries. Combining flexibility of choosing where to shop with 4 miles for every S$1 spent on shopping, Citi Rewards card has the best rewards program we’ve seen in this category. Besides shopping, it also helps you save money on petrol at Esso and Shell (up to 14%), though we do admit 0.4 miles on other purchases is pretty dismal. For this reason, we highly recommend Citi Rewards Visa Card only to active shoppers who can earn enough miles to offset the high S$192.6 of annual that is not waived.

Pros of Citi Rewards Card

  • 4 miles (10 reward points) for every S$1 spent on shopping (including online), 8 miles (20 reward points) at select shops like Topman
  • Up to 14% off on petrol at Esso and Shell
  • Promotion: Promotion: 4 miles per S$1 spent on Lazada and Amazon until 30 June 2017, 15% off at Lazada until 26 June 2017
  • Bonus: S$200 Lazada Voucher welcome gift

Cons of Citi Rewards Card

  • High annual fee of S$192.6, not waived
  • 0.4 miles (1 reward points) on other expenses

Online Shopping Rebate Without Spending Requirement: Standard Chartered SingPost Spree Credit Card

Standard Chartered SingPost Spree Credit Card is a unique online shopping rebate card that doesn't have a monthly spending requirement. Therefore, this card can be a good fit for people who spend relatively little on online shopping. Furthermore, it is a particularly good fit for people who like to shop with online retailers overseas, since it provides up to 3% of cashback on foreign currency online transactions & vPost purchases.

Pros of Standard Chartered SingPost Spree Credit Card

  • 3% cashback on eligible foreign currency online purchases & vPost transactions
  • 1% cashback on other eligible retail transactions
  • 2-year waiver of S$192.6 of annual fee
  • No monthly minimum spend
  • Online price guarantee
  • Promotion: S$138 welcome cash bonus for new customers
  • Bonus: 20% discount on Uber fares globally (max S$50 per month, 10% if spending under S$600 per month)

Cons of Standard Chartered SingPost Spree Credit Card

  • 2% cashback on local currency online transactions
  • Cap of S$60 of rebate per month

Highest Flat Rate Cashback Card: UOB One Card

UOB One Card provides one of the best flat rate cashback awards in the country. As long as your monthly spend is consistently about S$2,000, S$1,000 or S$500, UOB One Card awards quarterly rebate ranging from S$50 to S$300. While it could be rather complicated to use, UOB One Card will award up to 5% of cashback on every expenditure on the card including shopping. Given this, we think UOB One is suitable for people who have high visibility on their monthly expenses and can optimize their balance on the card at exactly S$2,000 a month. If you shop quite often and regularly, it could be a great way of getting another 5% off of your shopping spree.

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 Unlimited Cash Rebate Card for Shopping: Standard Chartered Unlimited Cashback Card

Standard Chartered Unlimited Cashback Card stands out among cashback cards because it has no cap on the amount of cashback one can earn. Unlike cards that has caps on cashback earned, Standard Chartered Unlimited Cashback Card will reward you as much cashback as you want as long as your budget is big enough. It has a flat rate of 1.5% cashback on everything, and a boost of 3% cashback on overseas expenditures. This card is the epitome of convenience, with no monthly spend requirement. With this card, you no longer have to worry about which cards to use for which type of expenditures or how much to spend on each card to meet various requirements.

Pros of Standard Chartered Unlimited Cashback Card

  • 1.5% cashback on everything
  • No cap on cashback
  • No monthly spend requirement
  • 2-year waiver for its S$192.6 of annual fee
  • Promotion: 3% cashback on all foreign currency spend (until 31 Oct 2017)
  • Promotion: S$138 welcome cash bonus
  • Bonus: 3% cashback on overseas spending

Cons of Standard Chartered Unlimited Cashback Card

  • 1.5% cashback on everything is lower than what you could earn on UOB One.

Best Shopping Miles Credit Card without Annual Fees: OCBC Titanium MasterCard Credit Card

OCBC Titanium MasterCard Credit Card is another one of the top 2 shopping rewards credit cards in Singapore. After its major rebranding in 2016, it is providing equivalent mile awards as Citi Rewards credit card: both cards now provide 4 miles for every S$1 spent on shopping, and 0.4 miles for S$1 spent on all other things. Though it lags behind its peer in terms of rebate on groceries, it's actually cheaper than Citi Rewards Credit Card because its annual fee of S$192.6 is waived for 2 years (Citi Rewards waives it for 1 year only). To top if off, this annual fee can be waivered as long as you spend at least S$10,000 on the card annually. If you are looking for a shopping credit card that earns miles and want to avoid paying high annual fees, OCBC Titanium is an excellent choice.

Pros of OCBC Titanium MasterCard Credit Card

  • 2-year annual fee waiver, with subsequent years waived with annual spend of S$10,000
  • 4 mile for every S$1 on shopping (offline, online and overseas).

Cons of OCBC Titanium MasterCard Credit Card

  • 0.4 miles for every S$1 spent on everything besides shopping or overseas

Best Online Shopping Cash Rebate without Annual Fees: OCBC Frank Card

OCBC Frank Card offers a respectable 6% rebate on online expenses, including travel bookings and food delivery orders. Not only that, OCBC Frank card helps you save money up to 5% on other indulgences like entertainment and night life. The highlight of the card relative to other cards featured here, however, is that it is super cheap to use because of its low annual fee of S$90 that is waived for 2 years and subsequently waived with a S$5,00 of annual expenditure. OCBC Frank Card lets you indulge yourself with zero extra costs typically associated with using rewards cards.

Pros of OCBC Frank Card

  • Low annual fee of S$90, waived for 2 years and subsequently waived for annual spend of over S$5,000
  • 14% off on petrol at Caltex & Esso stations
  • 6% rebate on all eligible online spend, including online shopping, travel bookings and food delivery orders
  • 5% rebate on all entertainment expenses on weekends, 3% on weekdays

Cons of OCBC Frank card

  • Low monthly cap on rebate of S$60
  • 3% cashback on auto top-ups are limited to 2 times

Versatile Cashback Card for Shopping: OCBC 365 Credit Card

Just as the name suggests, OCBC 365 Credit Card is meant to be an everyday card providing a wide range of rewards. One of those rewards is 3% rebate on online shopping. While this is not as high as those of other cards mentioned above, OCBC 365 card comes with many other perks like 6% rebate on dining, 3% cashback on groceries, 3% rebate on utilities and 22.2% discounts on petrol. Its reward program is well curated for categories central to everyone’s life. If you are looking for a more versatile card with benefits in shopping, OCBC 365 is an excellent candidate for your choice.

Pros of OCBC 365 Card

  • Annual fee waived for 2 years and subsequently waived for annual spend of only S$5,000
  • 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
  • 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 Shopping Rewards Credit Cards 2017

In case you want a quick look at our picks, here are ValuePenguin's best shopping rewards credit cards for 2017.

Shopping CardsShopping RewardAnnual Fee
DBS Black Card5% on shoppingS$192.6
DBS Live Fresh CardUp to 10% onlineS$128.4
Citibank Rewards Card4 milesS$192.6
OCBC Titanium4 milesS$192.6
UOB One Card5%S$192.6
Standard Chartered Unlimited Cashback Card1.5%S$192.6
OCBC Frank Credit Card6% onlineS$80
UOB YOLO Card3% onlineS$192.6
OCBC 365 Card3% onlineS$192.6

Best Shopping Rewards Credit Cards by Dollar Value

Below is a visual representation of the approximate savings one can earn by using the best shopping credit cards in Singapore. These dollar values*} represent the approximate amount of rewards a person can earn in cash rebate & air miles when spending S$2,000 per month for 2 years. However, this amount can vary widely depending on what your spending habit looks like and how you redeem your miles.

A graph displaying how best shopping credit cards compare to one another in terms of their rewards
Best Shopping Credit Cards in Singapore by Estimated 2-Year Dollar Value

*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.

Best Department Store Credit Cards

Department stores are a mainstay in the Singapore retail scene, and even if e-commerce and shopping online have become more and more prevalent, you can still find die-hard fans of department stores, especially during card member sales events. One only has to take a look at the queue outside Robinson's department store during card members' sales to know that department stores are still a big part of shopping culture here. If you like to shop at Robinson's, TANGS, Takashimaya or Metro, we think you will like our review of the best department store credit cards in Singapore we prepared for you here.

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