Best Singapore Cashback Credit Cards for Online Shopping

 

Best Cashback Credit Cards for Online Shopping Comparison

Popularity of Online Shopping

With the widespread popularity of online shopping websites such as Lazada and Zalora which promise lower prices than shopping at your traditional retail malls, there is a greater need for credit cards for online shopping which often reward online shoppers in the form of cashback or cash rebate. However, the amount of cashback awarded for online shopping has been decreasing as banks realised there is no need to use cash back to encourage shoppers from shopping online as online shopping is already a norm. Nevertheless, we manged to simplify the comparison process and have summed up the benefits and minimum requirements in the table below.

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Credit Cards Cash Rebate for Online Spending Comparison Table

Credit Card Issuer and Type of Credit Card Minimum Requirements / Conditions Rate for Cash Rebate

CIMB Visa Signature Card

Minimum spend of $800 in a month

Earn 10% cash rebate for online shopping sites only

OCBC FRANK Credit Card

Minimum spend of $400 on offline retail spend in a month

Earn 6% rebates on online spend

DBS Live Fresh Card

Minimum monthly spend of $600 in a month

Earn 5% cash rebates on online spend

UOB One Card

Minimum monthly spend of $2000 for all 3 months in a quarter

Earn 5% cash rebates on all transactions

Standard Chartered Unlimited Cashback Card

Min. deposit of $100k / $50k in StanChart Unlimited$aver Account for 5% /3% cashback

Earn 5% / 3% cashback on any purchase else earn 1.5% cashback on any purchase if not linked to StanChart Unlimited$aver Account

Maybank Platinum Visa Card

Minimum spend of $300 in a month for all 3 months in a quarter

Earn 3.33% cash rebate on local spend

ICBC Unionpay Dual Currency Card


ICBC Visa Dual Currency Card

Minimum spend of $500 a month for all 3 months in a quarter. Cashback only applicable on spending in excess of $500 each month

Earn up to 2% / 5% / 8% cashback for 1st / 2nd / 3rd month in a quarter on all spend in excess of $500 for each month

Citibank SMRT Card

Minimum spend of $300 in a month

Earn 3% SMRT$ rebate on online shopping

BOC ZaoBao Card

Minimum spend of $600 in a month

Earn 3% cash rebate on online spend.

American Express True Cashback Card

Maximum spend of $5,000 for first 6 months

Earn 3% cashback on any purchase

BOC Family Card

Minimum spend of $800 in a month

Earn 3% rebates on online spend

UOB Yolo Visa Signature Card

Minimum spend of $600 in a month

Earn 3% cash rebates on online spend

OCBC 365 Credit Card

Minimum spend of $800 in a month

Earn 3% rebates on online spend

ICBC Koipy Dual Currency Card

Minimum spend of $1,000 in a month

Earn 3% cashback on all spend

Standard Chartered MANHATTAN World MasterCard

Minimum spend of $3,000 in a month

Earn 3% cash rebate on all spend

SAFRA DBS Credit Card

Minimum spend of $500 in a month

Earn 3% rebates on PayPass and online spend

StanChart Spree Card

None

Earn 3% cashback on online transactions in foreign currency and 2% cashback for online transactions in local currency

 

Best Cashback Credit Card for Online Spending

The DBS Live Fresh Card awards a sustainable 5% cash back on online shopping with a reasonable minimum spend of $600 a month. It also has 5% cash back for Visa contactless spend making it the perfect general everyday spend card as most merchants now accept contactless payments. Cashback for both categories are capped at $20 each which is quite low but similar to other credits in the list. We understand that the cash back rate offered is not exactly eye-popping but with the clampdown on cash back for online spend, it is certainly one of the best online cash back cards in the market right now.

 

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Reviews or Comments (2)

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Topic: Best Cashback Credit Cards for Online Shopping
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Mindy
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Dec 2017
Mindy says...

I prefer the DBS Live Fresh Card as its online cashback has a higher cap of $70 as compared to Bank of China Family Card online cashback cap of $30.

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Doreen Chua
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Sep 2017
First Poster
Doreen Chua says...

Bank of china family card is worthy of a bigger mention as it awards cash rebates for other various spending such as supermarkets, hospital bills and dinning. This is on top of the 5% cashback for online purchases.

 

 

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