Online shopping is becoming increasingly popular in Singapore, with more and more consumers choosing to shop from the comfort of their own homes. With the rise of e-commerce platforms and online marketplaces, it’s more important than ever to find the right credit card for your online purchases. In this post, we’ll highlight the top 5 credit cards for online shopping in Singapore in 2023, based on factors such as rewards and discounts.
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Factors to Consider When Choosing Credit Cards for Online Shopping:
When choosing a credit card for online shopping, there are a few key factors to consider:
- Rewards: Look for credit cards that offer rewards or cashback specifically for online purchases. These can range from a percentage of the purchase price to specific rewards programs.
- Discounts and Promotions: Many credit cards offer discounts and promotions for online shopping. Look for credit cards that offer discounts or cashback for popular online marketplaces or shopping websites.
- Transaction Security and Fraud Protection: Make sure the credit card you choose has good transaction security and fraud protection measures in place, to prevent unauthorized transactions and identity theft.
- Foreign Transaction Fees: If you plan on making international online purchases, make sure to choose a credit card with low or no foreign transaction fees.
Top 5 Credit Cards for Online Shopping in Singapore in 2023:
1. DBS Live Fresh Card
The DBS Live Fresh Card is a great choice for those who make frequent online purchases and use contactless payments. Cardholders can earn 5% cashback on online purchases and Visa contactless transactions, and 0.3% cashback on all other spend. The cashback earned is capped at S$60 per month. In addition, the card offers discounts and privileges at participating merchants, such as Lazada, Shopee, and Zalora. The annual fee of S$128.40 is waived for the first year, making it a great option for those looking to try out a new credit card without any upfront costs.
2. Citi Cash Back Card
The Citi Cash Back Card is one of the best credit cards for cashback on online purchases, groceries, and dining. Cardholders can earn up to 8% cashback on online purchases, 6% cashback on dining, and 6% cashback on groceries, with a minimum spend of S$800 per statement month. The cashback earned is capped at S$80 per category per statement month. In addition, the card offers discounts and privileges at participating merchants, such as Grab and Foodpanda. The annual fee of S$192.60 is waived for the first year, making it a good option for those who want to try out the card before committing to the annual fee.
3. HSBC Revolution Credit Card
The HSBC Revolution Credit Card is a versatile credit card that offers rewards on a variety of spending categories, including online purchases, dining, and entertainment. Cardholders can earn 5x reward points on these categories, with no minimum spend or cap on the rewards earned. The reward points can be redeemed for cashback, vouchers, or air miles. In addition, the card offers up to 16% off petrol at Caltex and Shell. The annual fee of S$160.50 is waived for the first 2 years, making it a great option for those who want to try out the card without any upfront costs.
4. UOB One Card
The UOB One Card is a cashback credit card that offers up to 5% cashback on all spend, including online purchases. Cardholders can earn an additional 10% cashback on Grab transactions, with a minimum spend of S$500 per statement month. The cashback earned is capped at S$300 per quarter. In addition, the card offers up to 3.88% p.a. bonus interest on the UOB One Account, which is a savings account that can be linked to the card. The annual fee of S$192.60 is waived for the first year, making it a good option for those who want to try out the card before committing to the annual fee.
5. Standard Chartered Unlimited Cashback Credit Card
The Standard Chartered Unlimited Cashback Credit Card is a straightforward credit card that offers 1.5% cashback on all spend, including online purchases. There is no minimum spend or cap on the cashback earned, making it a great option for those who want to earn cashback on all their spending without having to keep track of different spending categories. In addition, the card offers exclusive discounts and privileges at participating merchants, such as Grab and Shopee. The annual fee of S$192.60 is waived for the first 2 years, making it a good option for those who want to try out the card without any upfront costs.
| Credit Card | Key Benefits | Annual Fee |
| DBS Live Fresh Card | 5% cashback on online purchases, 5% cashback on Visa contactless transactions | S$128.40 (waived for the first year) |
| Citi Cash Back Card | Up to 8% cashback on online purchases, 6% cashback on dining, 6% cashback on groceries | S$192.60 (waived for the first year) |
| HSBC Revolution Credit Card | 5x reward points on online purchases, dining, and entertainment | S$160.50 (waived for the first 2 years) |
| UOB One Card | Up to 5% cashback on all spend, including online purchases | S$192.60 (waived for the first year) |
| Standard Chartered Unlimited Cashback Credit Card | 1.5% cashback on all spend, including online purchases | S$192.60 (waived for the first 2 years) |
Overall, the top 5 credit cards for online shopping in Singapore offer a range of benefits and rewards, including cashback, reward points, and discounts at participating merchants. When choosing a credit card, it’s important to consider your spending habits and which benefits will be most valuable to you.
For those who frequently shop online and use contactless payments, the DBS Live Fresh Card offers generous cashback rewards and discounts at popular online retailers. The Citi Cash Back Card is a great option for those who want to earn cashback on multiple spending categories, including online purchases, dining, and groceries. The HSBC Revolution Credit Card is a versatile option that offers rewards on a range of spending categories, with no minimum spend or cap on rewards earned.
The UOB One Card is a good choice for those who want to earn cashback on all their spending, including online purchases, and also offers a bonus interest rate on the UOB One Account. Finally, the Standard Chartered Unlimited Cashback Credit Card is a straightforward option for those who want to earn cashback on all their spending without having to keep track of different spending categories.
When applying for a credit card, make sure to read the terms and conditions carefully, including any fees and interest rates, to ensure you are getting the best deal for your spending habits. It’s also important to use your credit card responsibly and pay your bills on time to avoid accumulating debt and incurring unnecessary fees. With the right credit card, you can make the most of your online shopping and earn rewards for your spending.
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