Best shopping credit cards

Whether hitting the shops on Orchard or having a late-night spree online, using the right credit card can save you money with cashback and rewards. Compare credit cards with shopping rebates to start saving.

Yvonne Taylor avatar
Written by   |  
Kwok Zhong Li avatar
Verified by
Updated 5 May 2025   |   Rates updated regularly

Comparing of 5 shopping credit cards

HSBC Advance Credit Card

On website

Featured

HSBC Advance Credit Card

Cashback

2.50% on any spend

Cashback cap

$70.00 on any spend

Minimum spend

N/A

Sign up bonus

Apply and get approved for your new card to receive S$200 cashback or a Samsonite ZELTUS 69cm Spinner Exp with built-in scale when you spend S$500. Spend an additional S$500 and enjoy another S$100 cashback.T&Cs apply.

Highlights

  • Get up to 2.5% Base Cashback on local and overseas spend (Terms and Conditions apply).
  • Get an additional 1% Bonus Cashback with HSBC Everyday+ Rewards Programme.
  • 1-year annual credit card fee waiver.

Pros

  • Earn up to 2.5% cashback when you meet the criteria.
  • No minimum spend is required.
  • Split your purchases into installments at 0% interest over 3 to 24 months.
  • Comes with complimentary travel insurance.
  • Enjoy shopping, dining, and travel deals.

Cons

  • The annual fee reverts to S$196.20 p.a. after the initial year (waived if you spend S$2,000 per month every year).
  • The ongoing interest rate of 27.80% p.a.
  • Cashback is capped at S$70 a month.
OCBC Rewards Credit Card

On website

OCBC Rewards Credit Card

Cashback

N/A

Cashback cap

N/A

Minimum spend

N/A

Sign up bonus

N/A

Highlights

  • Earn 15 OCBC$ per S$1 at featured retailers that change every quarter, keeping things fresh.
  • Rack up 10 OCBC$ per S$1 on everyday retail spending, both online and in-store.
  • Redeem OCBC$ for cash rebates, air miles, vouchers, gifts, or unique experiences.
  • Score an extra 2% cash rebate when you buy electronics at BEST Denki.

Pros

  • Annual fee is waived for the first 2 years.
  • Points can be redeemed for miles, vouchers, or cash rebates to offset purchases.
  • Earn up to 180,000 bonus OCBC$ each year.
  • Comes with exclusive access to dining perks, curated experiences, and e-commerce protection.
  • Get 15 OCBC$ (6 air miles) per S$1 spent at Watsons and department stores — a limited-time boost from the usual 4 miles.

Cons

  • Minimum annual income requirement of S$30,000 for Singaporeans/PRs and S$45,000 for foreigners.
  • After the 2-year waiver, the annual fee is S$196.20 for the main card and S$98.10 for each supplementary card.
OCBC Frank Credit Card

On website

OCBC Frank Credit Card

Cashback

Up to 8.00% on any foreign currency spend

Cashback cap

Up to $25.00

Minimum spend

S$800.00 per month

Sign up bonus

N/A

Highlights

  • Get up to 10% cashback. Earn 8% in cashback on foreign currency transactions and online/contactless mobile transactions in SGD, plus earn an additional 2% when you shop at selected green merchants.
  • Earn up to S$100 in monthly cashback when you spend at least S$800 a month.
  • Earn 0.3% cashback on other eligible spending.

Pros

  • Earn 8% cashback on purchases made in foreign currency, both online and in stores.
  • Earn 8% cashback on online purchases made in SGD and contactless mobile transactions.
  • Earn an additional 2% cashback on green merchants like SimplyGo, BlueSG, Scoop Wholefoods, and more.
  • The annual fee is waived for the first 2 years

Cons

  • Cashback is capped at S$100 a month.
  • After the first 2 years, you will be charged an annual fee of S$196.20 for the principal card and S$98.10 for the additional card.
Citi Lazada Credit Card

Not available for application via this website

Citi Lazada Credit Card

Cashback

N/A

Cashback cap

N/A

Minimum spend

N/A

Sign up bonus

N/A

Highlights

  • Earn 10X reward points when you shop on Lazada Singapore. Terms and Conditions apply.
  • Earn 5X reward points on your dining, travel, entertainment, and commute transactions.
  • Enjoy a shipping rebate when you spend a minimum of S$50 per transaction at Lazada.

Pros

  • Get exclusive Lazada offers.
  • You can use your points to pay for any purchase.
  • Enjoy discounts locally and in 95 other countries.
  • Feel secure with this card's complimentary travel insurance.

Cons

  • Points earning is capped at 9,000 Reward Points per statement month.
  • Shipping rebate is capped at 4 shipping rebates per month.
Citi Prestige Credit Card

Not available for application via this website

Citi Prestige Credit Card

Cashback

N/A

Cashback cap

N/A

Minimum spend

N/A

Sign up bonus

Get 177,500 bonus Citi ThankYou Points when you apply, get approved, and spend S$1,000 or more in the first 2 months. Terms and Conditions apply.

Highlights

  • Earn 5 ThankYou points (2 miles) per $1 overseas spend and 3.25 ThankYou points (1.3 miles) per $1 local spend.
  • Get a complimentary 4th-night stay at any hotel or resort.
  • Enjoy six complimentary golf games in Singapore, China, Indonesia, and Malaysia.
  • A concierge team to support your lifestyle at home and abroad

Pros

  • Earn 2 miles per $1 overseas spend and 1.3 miles per $1 local spend, miles won't expire on you.
  • No cap on ThankYou points.
  • Access to over 1,000 airport lounges with Priority Pass membership.
  • Up to $1 million travel insurance coverage is awesome.
  • Travel like a boss! Complimentary one-way Airport Limousine transfers to or from Changi International Airport.
  • Fly and stay with no blackout dates all year round.

Cons

  • The high annual fee of S$540 p.a.
  • A minimum income of S$120,000 a year is required to be eligible for this card.
  • Free travel insurance only when your air ticket is charged to your card.

Learn about shopping credit cards

Learn how to get more cashback rewards and air miles from your shopping.

  • FAQs

How does a shopping credit card help me?

Shopping may be merely a necessity for some people, but a popular leisure activity for others. Your favourite store sells the things you love. On the other hand, online shopping opens up a whole world of possibilities beyond the local stores whose products are so familiar. Whatever your attitude to shopping, and however you go about doing it, the fact remains that shopping is a major spending category for many Singaporeans. In this situation, the best plan is to have a credit card that rewards you for shopping or helps to reduce the cost of shopping, every day.

To find out which card is the best fit for you, think about both your shopping habits and the kind of rewards you would like. Here are some questions to ask yourself:

  • How much do you typically spend on shopping each month or year?
  • Is your shopping spread fairly evenly over the year, or is your expenditure very high in one or two months only?
  • Do you do most of your shopping at one or two favourite stores?
  • Is online shopping a major part of your shopping activity?
  • Are you looking to reduce your shopping costs?
  • Would you like to be rewarded with air miles, or other rewards points?

Armed with the answers to these questions, you will be able to decide whether you want a cashback shopping card, an air miles shopping card, a rewards points shopping card, or a card with a combination of these benefits. Your expenditure amount and pattern will tell you whether you need a card with no monthly cap on rewards (for big spenders, or those who like to splash out occasionally), or one with no minimum expenditure to qualify for rewards (for low to moderate spenders). Online shoppers, or loyal customers of a particular store, may want to choose a card which gives higher rewards for this kind of targeted shopping.

What types of shopping credit cards are available?

You will be able to choose one or more of the following types of cards, and many cards will combine two of these features as well as having other benefits:

  • Cashback cards, which give a quarterly cash rebate on selected expenditure categories, as well as discounts
  • Air miles cards, rewarding your purchases with frequent flyer points for a particular airline, or points which can be converted to air miles with a range of airlines
  • Rewards points cards, where you earn reward program points which can be converted into shopping, entertainment or travel vouchers, cashback, air miles or merchandise

How can I decide which kind of card to choose?

Select the one that delivers the best value based on how much you spend (a higher rate of rewards for higher spending, or no minimum qualifying spend for lower spenders), where you do your spending (locally, worldwide, at a particular store, online), and what kind of rewards you would like (cashback, discounts, air miles, rewards points).

Can I have more than one shopping card?

Certainly. Having more than one card, each one focusing on higher rewards for a different type of shopping, may be the best way to maximise your benefits.

If you do have several cards, you will need to be well organised to know which card to bring out on which occasion. You will also probably want to choose cards with a low or no annual fee, or an annual fee which can be waived in return for a target amount of annual spending.

In addition to cashback, air miles or rewards points, what other kinds of benefits can I expect with my shopping credit card?

Cashback cards often allow you to qualify for instant discounts as well, especially on petrol, dining and Grab rides.

Air miles cards are likely to come with complimentary travel insurance and airport lounge access, and the more expensive cards with throw in an airport limousine service.

Rewards points credit cards could have free insurance to protect your purchases against loss, theft or accidental damage, or the possibility of the retailer refusing a return if you change your mind.

Both air miles and rewards points cards may offer thousands of sign-up or first purchase bonus miles or points.

Credit cards doubling as loyalty cards for a particular store may give free parking and exclusive sale previews. Cards focusing on department store shopping may also offer an interest-free instalment plan for repayments on large purchases.

Any type of shopping card may offer a sign-up or first purchase gift of cash or merchandise, a first year or two-year annual fee waiver, or membership of dining, hotel or golfing privilege programs.

How much does it cost to have a shopping credit card?

Annual fees for the primary card can be anything from $0 to $500 or more, although cards with a shopping focus tend to stay in the lower price range. Some cards charge an additional fee for a supplementary card for a family member.

The higher the fee you are prepared to pay, the greater the potential benefits are for affluent spenders.

Cards charging an annual fee will often have the possibility of a fee waiver in return for reaching a specified annual card expenditure (e.g. $12,500).

Bear in mind that there are other possible costs associated with a credit card, such as foreign currency transaction fees, late payment fees, card replacement fees, and interest charges if you do not pay off your account balance on time.

    As seen on

    Media - Enterprise Innovation
    Media - Fintech Times
    Media - Singapore Business Review
    Media - Today
    Media - Tech In Asia
    Media - Zaobao