Overview:
This guide will show you the best credit cards for grocery shopping, depending on where you shop and how much you spend.
Here’s what we’ll cover:
Best Credit Cards for Grocery Shopping at General Grocery Stores:
Requirements
- ONLY APPLICABLE FOR NEW-TO-BANK CARD APPLICANTS
- Apply for a new Maybank Credit Card (not applicable for Maybank XL cards)
- Charge min. S$1,300 within the first 2 months of card approval
- Fill the Google Form after signing up
- Alternative: apply for CreditAble + a Maybank Credit Card, then charge min. S$1,200 within 2 months
Requirements
- You qualify if: you have no Citibank credit card right now
- Spend min. S$500 within 30 days of card approval
- SingSaver will email you a Rewards Redemption Form — check inbox (and spam folder) after applying. Fill it in within 14 days to claim your gift, or you'll lose it.
My Take:
I prefer an overall grocery category-based card because it gives you a lot more freedom on choice of store. However, if you just shop at one grocery outlet, you can consider the cards below to see if it suits your lifestyle better.
For UOB One, additional category of “Grocery” was added, it will earn cashback as long as the transaction is under MCC 5411
For Online/Contactless Payment:
These cards which give rewards for online and contactless payments can also work on groceries
Best Credit Cards for Grocery Shopping at DFI GROUP (Giant, Cold Storage):
My Take:
The DBS Yuu is the only card you should really consider if they spend regularly at DFI Group (Giant or Cold Storage etc). It beats the 4 miles per dollar cards any time.
Best Credit Cards for Grocery Shopping at Sheng Siong:
My Take:
Depending on your grocery spending, you can choose any of these cards. Below S$312.50 on groceries, use Maybank Family & Friends Card. Between S$312.50 to S$750, use BOC Sheng Siong. Between S$750 – S$1,333, use Citi Cashback card.
Best Credit Cards for Grocery Shopping at NTUC Fairprice:
My Take:
Trust Link Credit card requires you to spend S$350 outside of FairPrice Group to qualify for 15.5% rebate if you were a union member. But if I factor in the extra spending of S$350, the total rebate is around 9.11% for union members.
The rebate will be less with a higher minimum spend requirement of S$450 outside of FairPrice Group for non-union members. But it is still the highest cashback card for NTUC shoppers.
Conclusion:
While miles credit cards give an easy 4 miles per dollar with no minimum spend, cashback credit cards give the highest amount of rewards if you are able to hit the minimum monthly spend required. Choosing the right credit card for you when it comes to grocery shopping really depends on your lifestyle and the convenience and proximity of the above mentioned grocery outlet to your home. I reckon cashback cards are suitable for those who have higher monthly grocery expenditure (e.g. Home-based food business or feeding a large family) or able to hit minimum monthly spending required. On the other hand, miles cards are suitable for those who don’t want a minimum spending on their grocery spending.
No matter which card you choose, you can maximize your savings by signing up for current bonus offers. Check the links below to see the latest deals on miles and cashback credit cards.
💳 Credit cards change their T&Cs every so often and it is difficult to stay updated. That’s why I created a Telegram Broadcast where you can receive timely bite-sized updates to get the most out of your spending.
💡 We believe in always paying our credit card bills on time and in full. It is only by doing that, can we fully maximise our credit card benefits.
