What’s a card without cashback or rewards? In a sea of options, find out which of these five cards come out tops as the best option for shopaholics and deserve a slot in your wallet!
It comes as no surprise that online shopping has seen an uptick thanks to the pandemic — after all, there are only that many TikTok videos to choreograph and TV series to binge on before the urge to do something more satisfying hits. And with more ads being pushed out to us because of our new stay-home routine, it’ll take a ton of willpower to not make a purchase based on what we see online. Thankfully, there’s a way to make this money-spending experience feel a little less guilt-ridden: choosing the right credit card for shopping online Singapore. For starters, it should be one that can offer a good amount of rewards for your purchases, and perks that’ll help you earn and save as you spend. To help you out, we’ve picked some of our favourite cards for shopping online Singapore.
💳 Best Cards For Shopping Online Singapore
To make sure that you get more bang for your buck, we recommend looking out for three crucial components when searching for the best card for shopping online Singapore:
i) Do they have a rewards programme?
ii) Can you get cashback?
iii) Is there an attractive exchange rate?
Cashback / Reward | Cashback / Reward Cap | Admin Fee for FX currency conversion | |
YouTrip Multicurrency Card | ✅ Up to 10% cashback for over 40 merchants including Shopee, Taobao and ASOS | Unlimited | 0% |
Citi Rewards Card | ✅ 10X rewards (or 4mpd) for relevant category spends ✅ 1X rewards (or 0.4 mpd) for general categories | Up to 10,000 bonus points and unlimited points for general spend | 3.5% |
Amex True Cashback Card | ✅ 1.5% + 1% for foreign currency transactions | Unlimited | 2.95% |
OCBC FRANK Card | ✅ 6% | S$75/month | 2.25% |
CIMB Visa Signature Card | ✅ 10% | S$100/month | 2% |
1. YouTrip Multicurrency Card
The YouTrip Card is perfect for minimalists tired of having to keep up with the various fees and terms & conditions that come with conventional credit cards. Simply create an account, preload your cash, and it’s off to the races — no hidden admin fees, no minimum deposit, just pure cashless goodness.
Rewards/Cashback: Instead of a straightforward reward system, users can tap into the repository of YouTrip Perks merchants for great cashback deals and discounts for both local and international brands. We’re talking, about up to 10% cashback for over 40 merchants including Shopee, Taobao and ASOS!
Good for: Domestic and international spending — every savvy shopper knows those bank and foreign currency fees can and will add up. With YouTrip, you can skip all that and have a fuss-free online shopping experience
Cons: There’s currently a wallet limit of $5,000, and an annual spend that’s capped at $30,000 — something. to note if you are hoping to cash in on the Wholesale Exchange Rates.
2. Citi Rewards Card
If you’ve been in the market for a credit card that rewards you for spending, then the aptly named Citi Rewards Card would’ve been on your radar.
Cashback/ Reward: Instead of cashback, Citi Rewards works on a points system — you can rack up 10X rewards (or 4 airline miles) with every $1 spent on online and shopping purchases, ride-hailing services, AND online food delivery services. For other card purchases that don’t fall under these categories, you can still enjoy 1X rewards (0.4 airline miles).
If you play your cards right, spending a total of $1,000 on the relevant categories will help you earn the maximum 10,000 bonus points (that’s 4,000 airline miles) per statement month.
Good for: Those who live with convenience on their minds.
Cons: Converting your points into miles and/or rewards can sometimes be complicated.
3. The American Express True Cashback Card
Living up to its name, the Amex True Cashback Card is truly one of the better cashback cards on the market.
Cashback/ Reward: There’s no minimum spend and no categories to track — just 1.5% cashback on all your purchases, no questions asked. While 1.5% might not sound like a lot, if you’re making a big-ticket purchase, it can all add up very quickly. We also love that all your cashback gets credited back to your account within the same month, feeding our love for instant gratification!
The icing on the cake, however, is the additional 1% cashback offer for all foreign currency transactions — whether you’re scouring Taobao for your next big purchase or jetting off to your next destination anywhere and everywhere.
Good for: Big spenders, internationally and domestically!
Cons: You’re better off with other cashback cards if you don’t spend a lot in a month.
4. OCBC FRANK Card
Remember when OCBC Frank Cards looked like this?
Image credits: OCBC
Just last year, the OCBC team gave its credit card a massive refresh.
Cashback/Rewards: The new, sleek OCBC FRANK Credit Card now offers 6% cashback on all online spending, mobile payments, and FX transactions. Note that it is capped at $75 per month, with a monthly minimum of $600. Everything else will earn you 0.3% in cashback, but only up to $25 each month.
Good for: Young adults looking to enjoy neat rewards without having to increase their expenditure
Cons: It has a relatively low cashback amount, so if you’re hunting for more and you have a higher disposable income, you might be better off with other cards.
5. CIMB Visa Signature Card
This card’s perfect for hedonists with furry friends in tow.
Cashback/Reward: The CIMB Visa Signature offers an impressive 10% cashback for online shopping, groceries, pet shops & veterinary services, and cruises — capped at $100 per month.
Good for: Individuals whose spending habits revolve around these particular categories.
Con: Once you’ve hit the cap or are planning to spend on other categories, you’ll get to enjoy an unlimited 0.2% cashback — which may not be worth it if you’re a big spender.
So, Which Card Is Best For Shopping Online Singapore?
While it ultimately depends on your financial plans, goals, and priorities, here’s how we’ll rank the best cards for shopping online Singapore:
🏆 Best For Fresh Graduates: OCBC FRANK Card
🏆 Best For Big Spenders: American Express True Cashback Card
🏆 Best For Airline Miles Hunters: Citi Rewards Card
🏆 Best For Pet Parents: CIMB Visa Signature Card
🏆 Best For Online Shopping Worldwide: YouTrip Multicurrency Card
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