Best Credit Cards to Use For Groceries

💳 This is part of the “The Best Cards to Use” series. Tap here for more great cards to use in other areas of spend!

Cost of living is on the rise, and using a good credit card can offset most if not all of the price increases we face these days. If you’re not using a these credit cards for your groceries, you may be leaving as much as 17.5% discount on the table. Ouch.

Seth
Seth

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DBS yuu

DBS yuu is the indisputably best card to use if you are doing your groceries at Giant, Cold Storage, or other Dairy Farm supermarkets. At 17.5% rebate, this card is so good that you may even wish to consider switching grocery stores for this earn rate.

The 17.5% is given in the form of 35 yuu points per dollar and only when you hit S$600 of minimum spend per month. Even if you don’t, you get 9 yuu points per dollar which is 4.5% rebate.

DBS Yuu

promo code 388CASH

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New DBS/POSB cardholders

Get S$388 cashback¹ when you:

  • Apply for DBS yuu (either American Express or Visa) with promo code 388CASH
  • Make a min spend of S$800 within 60 days from card approval

Existing DBS/POSB cardholders

Get S$60 cashback² when you:

  • Apply for for DBS yuu American Express (no promo code required)
  • Make a min spend of S$300 within 30 days from card approval

Last date to sign up: 31st May 2024

Terms and conditions (save a copy for future reference):

  1. New cardholder promo
  2. Existing cardholder

Get staggering 4.5% with no minimum spend, or 17.5% with S$600 eligible spend with a month! Staggering earn rate with few conditions required. Watch the review

Citi Cash Back

Perhaps the easiest card to use on this list, the Citi Cash Back gives a generous 8% cashback for groceries. Update: earn rate for groceries is reduced to 6% from 1st April 2024

You also get 8% cashback on petrol, and 6% on dining, making this a very useful card indeed. The only thing you need to do is to spend at least $800 a month to hit the minimum spend, and the cashback maxes out at $80 ($1,000 spend at 8% earn rate).

Citi Cash Back

Please note there are different promos so select carefully:

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Citi Promo:

  • Citi PremierMiles: 30,000 miles
  • Citi Prestige: 125,000 points and more
  • Citi Rewards: 40,000 points
  • Citi Cash Back: S$300 cashback + S$50 FRx voucher
  • Citi SMRT: S$300 cashback
  • Tap here to see Citi promos

Last day to apply: 30th April 2024


SingSaver Promo:

First 500 eligible applications from 9AM 9th April 2024, choose:

  • PS5 Slim (Disc Edition, retailing for S$799)
  • Dyson Airwrap(retailing for S$859)
  • S$500 in eCapitaVouchers!

501st eligible applications onwards, choose:

  • Apple iPad 9th Gen 10.2 Wifi 64GB (worth S$508.30)
  • Dyson Supersonic (worth S$699)
  • Dyson V8 Slim Fluffy (worth S$509)
  • S$400 eCapitaVoucher
  • S$300 cash via PayNow

Last day to apply: 30th April 2024
⚠️ Fill out SingSaver Rewards Redemption Form after application. No form = no reward
Terms and conditions apply

Get 8% cashback on private commute and petrol, as well as 6% on groceries and dining! Read the review here

CIMB Visa Signature

The CIMB Visa Signature card is an interesting one: it promises 10% cashback on things like groceries, online shopping, and beauty & wellness which are ordinary, daily expenses for most people. The trouble is that it also includes less common areas of spend such as pet expenses as well as cruise transactions. Coupled with sublimits on each category, the card requires you to spend on at least 4 different categories to reach the 10% earn rate.

Nevertheless, there are ways to milk a good earn rate from this card, though it’s obviously easier for pet owners, and you can take a look at my full review for some ideas.

CIMB Visa Signature

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New to bank

Receive:

  • S$280 cash via PayNow

Upon activating and spending min. S$988 within 60 days following card approval.

Terms and conditions (save a copy for your future reference)

Apply latest by end of 30th April 2024

Sign-up Process

  1. Apply with the link
  2. Important: find SingSaver email and fill in redemption form after application; no form no reward
  3. Promo code field can be left blank
  4. Fulfil requirements as stated in terms and conditions

Credit card terms and conditions
Banking account terms and conditions
Priority banking terms and conditions

Get 10% cashback on online shopping, groceries, pets expenses, cruises, and beauty & wellness. No annual fees for life.

Choose this if you spend in a few of the eligible categories so you can get high cashback.

UOB One

UOB One may have been nerfed repeatedly over the past couple of years, but it’s the one card you should look at if you spend a lot on Dairy Farm merchants which include familiar names like Cold Storage, Giant, 7-11 and more under its stable of supermarkets. You get an advertised rate of 10% cashback, although due to cashback caps the maximum you’d get is 8.33% even if your spend is entirely made up of expenses at selected merchants giving the 10% earn rate.

UOB One

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S$350 Cash credits: 
The first 200 new-to-UOB credit card customers who successfully apply for an eligible UOB Credit Card between 1st April 2024 and 31st April 2024 (both dates inclusive) and spend a min. of S$1,000 per month for 2 consecutive months from their card approval date, will receive S$350 cash credit.

Terms and conditions

For New-to-UOB Credit Card Customers: Enjoy enhanced cashback of up to 15% cashback on McDonald’s, DFI Retail Group , Grab, SimplyGo (bus and train rides), Shopee and UOB Travel transactions when you apply for a UOB One Credit card till 31 Mar 2024. Terms and conditions apply.

Get 3.33% base cashback if you spend $500, $1,000, or $2,000 a month for three consecutive months. Up to 6.67% additional cashback for Grab, Shopee, and Diary Farm merchants.

Maybank Family and Friends

Cashback users should be familiar with the 8% Maybank Family and Friends which give you a choice of many useful categories to pick from. Its 8% cashback on groceries doesn’t seem too impressive given how it’s pretty much on par with the 3 cards I’ve mentioned earlier, but Maybank F&F gives its high cashback on many other categories which may not be able to get such a high earn rate. Tap here for a full review of the card.

Maybank
Family and Friends

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New to Maybank Customers

Apply for both an eligible Maybank Credit Card and a CreditAble Account, and make a min spend of S$600 per month on the credit card for 2 consecutive months. Choose:

  • A pair of American Tourister Linex 66/24 Luggage TSA; or
  • AirPods (3rd generation) with Lightning Charging Case; or
  • S$200 cash credit
  • 10,000 miles (only for Maybank Horizon)

Note that you need to apply for the CreditAble account, although you do not need to use it.

Application Steps

  1. Sign up here
  2. Note down the Application Reference number (at the end of Application, starts with REF-XXXXXXX)
  3. Fill up this Google form

Please view the terms and conditions here and save a copy for your reference.

Sign-up Process

  1. Apply with the link
  2. Important: find SingSaver email and fill in redemption form after application; no form no reward
  3. Promo code field can be left blank
  4. Fulfil requirements as stated in terms and conditions

Credit card terms and conditions
Banking account terms and conditions
Priority banking terms and conditions

Get 8% cashback on selected categories like groceries, telco, and more! Read the review here

Trust Card

We can’t talk about supermarkets in Singapore without thinking about NTUC FairPrice, and we can’t talk about credit cards to use at FairPrice without discussing Trust Card. 21% rebate seems too good to be true, and analysing the card in greater detail proves this adage.

Nonetheless, Trust Card gives you an opportunity to earn about 7 to 8% rebates on your FairPrice expenditure as well as your ordinary, non-FairPrice spend. As mentioned, 8% isn’t much to shout about for grocery spend, but it is quite a bit for non-grocery transactions.

Trust Bank

JP8171J5

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ActivityReward
Download the app (iPhone / Android) using your smartphone, and use referral code JP8171J5S$10 of FairPrice E-Voucher
+ Kopitiam breakfast set
Make first spend with credit/debit cardS$25 FairPrice E-Voucher

Get 21% rebate on FairPrice Group transactions.

OCBC 365

OCBC 365 is a curious entry in this list, giving just 3% cashback on groceries. It’s inclusion here is owed to its companion account – OCBC 360 – which now gives as much as 4.65% p.a. on $100,000 balance.

Of the interest rate, 0.60% p.a. comes from achieving the Spend category which involves spending at least $500 on an eligible OCBC credit card. That’s roughly $50 in monthly interest for a $100,000 balance, and enough to knock out even high-earning cashback cards if you have a high balance in your 360 Account.

Miles cards

Sorry miles people, but the hard truth is that cashback cards dominate the groceries space. The best miles card get you 4 miles per dollar which is not an attractive earn rate when it’s up against 8% to 17.5% rebate. Giving up 8 cents for every dollar you spend for 4 miles is as good as buying each mile for 2 cents, and that’s even more expensive than paying many credit cards’ $192.60 annual fee for 10,000 miles (1.926 cent per mile). There are far cheaper ways to “buy” miles, and you are better off using an 8% cashback card for your groceries, then using that cashback to procure miles instead.

For those insistent on using miles for groceries, here is a list of miles cards best suited for the job:

CardRewardMonthly CapRemarks
Citi Rewards (with Amaze)4 miles per dollar S$1,000Amaze converts offline to online spend
UOB Preferred Platinum Visa 4 miles per dollarS$1,110Mobile contactless payment only. Cold Storage and Giant excluded
UOB Visa Signature 4 miles per dollar S$2,000Contactless payment only. Minimum S$1,000 spend per statement month
UOB Lady’s4 miles per dollar S$1,000 (S$2,000 Solitaire version)Grocery category selected
DBS Woman’s World Mastercard4 miles per dollar S$1,500Online spend only

Conclusion

Don’t forget to also use your supermarket chain’s loyalty programme to get more rewards when you pay for your groceries, and stay subscribed if you want a review on the newly released yuu card and programme which seems to be DBS and Dairy Farm’s response to the Trust Card.

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