Grocery shopping. Two words that can incite fear even in the strongest of people. Not because you may think of it as a chore. But due to the fact that there are hardly any trips made to the grocery store where you don’t end up buying more than what you need. In fact, we are pretty sure that, like us, your idea of living dangerously is to go to the grocery store without a list.
Jokes aside, it shouldn’t come as a surprise a typical family of 4 would spend about $500-$600 on groceries. And this isn’t including all our impulsive buys. While changing your purchasing habits isn’t easy, you can ensure that the expense is easier to handle. You can do this by using a grocery credit card that offers you cashback on your grocery and supermarket spends.
To help you save while you spend, here is our list of the 10 best cashback credit cards for grocery shopping.
1. Citi Cash Back Card
The Citi Cash Back Card rewards you with 8% cashback on your grocery spends, up to a monthly cap of S$25. This means that you shouldn’t spend more than $312.50 on groceries if you’re keen on maximising your cashback.
What we love: 8% cashback on groceries is one of the highest in town. It’s great for smaller families that groceries often, but also love to dine out.
The flipside: The minimum monthly spend to be eligible for this cashback is S$888.
2. UOB Delight Credit Card
If a large part of your income goes towards groceries, and you find yourself shopping at Cold Storage or Giant often, then this card is the one you should get. With the UOB Delight Credit Card, you earn up to 8% rebate at supermarkets such as Cold Storage, Jasons, Market Place, Giant, and Guardian.
What we love: The annual fee is waived for the first year and is relatively low at just S$85.60. And if you decide to buy house brand products at Cold Storage, Giant, and Guardian, you get a 10% discount!
The flipside: The rebate is capped at S$50 SMART$ per month and you are rewarded with SMART$ that need to be redeemed, instead of getting cash to offset your bill.
3. POSB Everyday Card
As its name suggests, this card is made for those who use their credit card to pay for most of their daily expenses – from groceries, petrol, utility bills, and more.
What we love: The 5% cash rebate for groceries bought at Sheng Siong, capped at S$50 a month, make this card a winner. In fact, there is no minimum spend to earn the 5% rebate, or any rebates!
The flipside: The rebates for groceries is only applicable for Sheng Siong spends, and BOC has launched a competitive with more rebates than the POSB Everyday Card.
4. BOC Sheng Siong Card
If there was ever a card made for those who love grocery shopping at Sheng Siong, then this is the one.
What we love: You can earn up to 12% cash rebate on your Sheng Siong spends, with a potential savings of S$90 a month. This rebate is earned in two parts. The first part allows you to earn 7% rebate at Sheng Siong with no minimum spend. The second, an additional 5% rebate is awarded only if you spend a minimum of S$400 at places apart from Sheng Siong during the same period.
This card has the lowest annual fee of S$30. It might as well be free!
The flipside: If we were to nitpick, it’s that you have to shop at Sheng Siong.
5. HSBC Visa Platinum Credit Card
HSBC’s Visa Platinum Credit Card lets you earn cash rebates on groceries, dining, recurring bills and petrol.
What we love: You can earn 5% rebate in a quarter on your grocery spends if you spend a minimum of S$800 per month for that quarter. If that amount is too much, then a minimum spend of S$400 per month for three months lets you earn 3% rebate.
The flipside: The rebate is capped at S$120 per quarter, which is just S$40 each month. If you don’t meet the required spend for all three months in a quarter, your overall cashback is affected.
6. Citibank SMRT Card
The Citibank SMRT Card offers you SMRT$ rebates and allows you to redeem them for vouchers. Get up to 5% savings on groceries, movies, online shopping & more.
What we love: A minimum spend of S$50 per transaction awards you with 5% rebate at FairPrice, Sheng Siong and Giant. For transactions below S$50, you get a 3% rebate. If you shop at FairPrice Xtra Kallang Wave, even better, because you earn up to 7.3% rebate.
The flipside: If you buy most of your grocery from non-partner grocery stores such as Cold Storage, you won’t earn any SMRT$ rebates for those purchases. You can, however, redeem your existing SMRT$ for vouchers that can be used at these stores. But if a majority of your spending is at non-partner stores you would be better off with a card that rewards those spends.
7. OCBC Plus! Visa Card
The OCBC Plus! Visa Card is made to help you manage your daily expenses by providing you with great savings from FairPrice.
What we love: The 7% rebate at FairPrice stores and at Warehouse Club allows you to save while buying your daily essentials. Purchases made online on FairPrice’s website earn you a 3% cash rebate.
The flipside: While the rebate is for purchases at FairPrice and Warehouse Club, you are eligible to earn this rebate only if you spend a minimum of S$500 each month at places other than FairPrice, FairPrice On, Warehouse Club, and Unity.
Read our review: OCBC Plus! Visa Card Review: 7% Rebate at FairPrice and More
8. OCBC 365 Credit Card
One of our favourite cards in the past when it first launched. These days, it’s not as attractive as some of the newer credit cards.
What we love: 3% cashback on grocery spends at supermarkets throughout Singapore. Couple this with the cashback you earn on other categories such as dining, shopping, petrol, telco bills, and other eligible retail spends and you’ve got yourself a pretty great card to help you save while you spend!
The flipside: You are eligible to earn the 3% cashback only if you spend a minimum of S$600 each month. If you spend less than that (even S$599), you earn only 0.3% as cashback. Additionally, your cashback has a monthly cap of S$80.
9. Maybank Family & Friends Card
In addition to merchant discounts, the Maybank Family & Friends Card also awards you with rebates on your everyday spends in Singapore and Malaysia.
What we love: Earn 8% cash rebate at select grocery stores when you spend S$1,000 per month and 5% cash rebate when you spend S$500 per month. Not just this, the annual fee of S$180 is waived for 3 years.
The flipside: The cap on the rebate you can earn annually for grocery spends and other categories (transport, retail, leisure, health and wellness, fast food delivery) that earn 8% cash rebate is S$600. So, per month you can only earn S$50. Moreover, inability to meet the rather high minimum spend means that you will earn a flat rate of 0.3% irrespective of the category of spend.
10. BOC Family Card
The BOC Family Card is designed to reward your everyday spending. From groceries to other daily necessities, this card is one that takes care of your family’s needs.
What we love: You earn 5% cash rebate at grocery stores and supermarkets in Singapore.
The flipside: To be eligible to earn the rebate, you need to charge a minimum of S$700 to your card each month. Plus, the total cash rebate that you can earn on grocery and supermarket spends is capped at S$40 per billing cycle.
Saving while you spend isn’t that difficult, is it? It does come with a caveat, though. You see, all of these great ways to save is possible only when you meet your minimum monthly spends, and pay your credit card bill in full and on time. Paying only the minimum amount or defaulting on your payments will only lead to interest being accrued on your monthly statement. So, instead of using the cashback you earn to save on your grocery shopping, you will only be spending more.
So, go ahead and buy that organic spinach, not only will it be good for you, but you will also end up saving quite a bit!