Best credit cards for online shopping (2018)

Best credit cards for online shopping (2018)

Consider yourself a savvy online shopper? Good for you if you’ve got the DNA of a bargain hunter.

While you might be clued in on discount codes and cheap retailers, did you know that you are paid to shop? That’s the dream – to shop as much as you want and be rewarded for doing so.

This doesn’t happen in some alternate dimension where things are topsy-turvy, it’s happening right here in Singapore. With the right credit card, checking out your shopping bag doesn’t only mean that a parcel is coming your way – cashback and rewards are too.

Here are the benefits and basic info of the five best credit cards for online shopping.

Card

Savings

Things to note

American Express True Cashback

  • 1.5% cashback on all spend
     
  • 3% cashback on all spend for the first six months
     
  • $60 CapitaVoucher upon first spend within first 3 months of approval (valid till 30 June 2018)
  • No minimum spend required for cashback
     
  • No cap on regular (1.5%) cashback, but 3% cashback promotion is capped at $150. You will continue to receive 1.5% unlimited cashback after that.
     
  • Annual fee waived for first year

Standard Chartered Unlimited Cashback

  • 1.5% cashback on all spend
     
  • 0% interest instalments for transactions above $500
     
  • Up to $120 cashback for new-to-bank applicants, and $20 cashback for existing Standard Chartered clients
  • No minimum spend required for cashback
     
  • No cap on cashback
     
  • 3% cashback for foreign currency transactions, in the first three months.
     
  • Annual fee waived for first two years

OCBC Titanium Rewards

  • 10 OCBC$ per $1 spent, up to 120,000 OCB$ per year.
     
  • After 120,000 OCBC$ obtained, 1 OCBC$ per $1 spent.
  • No minimum spend required
     
  • New-to-bank applicants receive $50 cashback for applying online
     
  • $7 off with a minimum spend of $15 on Shopee, for new users.
     
  • Annual fee waived for first two years. Annual fee is also waived with a minimum spend of $10,000.

BOC Family Card

  • 10% cashback on all dining spend worldwide
     
  • 5% cashback for online shopping and selected merchants
     
  • 0.3% cashback for other spending
  • Annual fee waived for first year
     
  • Cashback cap of $100 per month ($30 for dining, $30 for online purchases, $40 for groceries and other retail purchases)
     
  • Minimum spend of $700 per month, otherwise cashback falls to 0.3%

HSBC Revolution

  • 5 reward points per $1 spend on online shopping
     
  • Enjoy over 1,000 Entertainer 1-for-1 deals on HSBC Singapore's Mobile Banking App and save up to S$10,000 on your HSBC Credit Card
  • New-to-bank users can choose between American Tourister Luggage (worth $260), or $100 cashback, upon spending at least $600 within first month of card approval
     
  • Existing bank customers get $50 cashback, with a spend of at least $600 within first month of approval
     
  • Annual fee waived for first two years

American Express True Cashback Card

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  • 1.5% cashback on all spend
  • 3% cashback on all spend for the first six months
  • $60 CapitaVoucher upon first spend within first 3 months of approval (valid till 30 June 2018)

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American Express True Cashback Card

Signing up for this card is cause for celebration. And by celebration, we mean shopping of course. You’ll enjoy 3% cashback in the first six months, with a reasonable cap of $5,000 spend. In short, you are guaranteed a $150 cashback within six months of signing up.

After which, the 1.5% cashback lets you earn money as you shop with no minimum spend. Yes, no minimum spend and no cap on the rewards. The more you spend, the more you get.

Other benefits includes special bonuses like additional 20% discount on Zalora with minimum spend of $120. This card also comes with the legendary American Express concierge service, so you can call to book restaurants, flights, hotels, and so on.

Good for:

  • People who want to use the same credit card for all their online shopping. There’s no need to keep track of cashback caps, as there is none.
  • People who like the concierge service. Try it, just ask them to book you a table at a crowded restaurant. They’ll succeed when you can't seem to get a seat.

Standard Chartered Unlimited Cashback Credit Card

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  • 1.5% cashback on all spend
  • 0% interest instalments for transactions above $500
  • Up to $120 cashback for new-to-bank applicants, and $20 cashback for existing Standard Chartered clients

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Standard Chartered Unlimited Cashback Credit Card

This card certainly lives up to its name – it gives you 1.5% cashback on all your spend. There’s no minimum or cap, so you can earn money back, whether you opt to go on a shopping spree, or simply buy the dirt cheap top you’ve been eyeing for the longest time.

If you’re doing major purchases, and simply can’t afford to pay it all off in a single bill, the card allows you to convert your retail transactions above $500 into six to twelve interest-free installments using EZPay with a one-time service fee.

Best of all, you get 3% cashback on all foreign currency spend in the first three months. Perfect for buying things from abroad.

Good for:

  • When a bulk of your online purchases come from overseas.
  • Buying big ticket items, for which you can make interest-free monthly payments.

OCBC Titanium Rewards

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  • 10 OCBC$ per $1 spent, up to 120,000 OCB$ per year.
  • After 120,000 OCBC$ obtained, 1 OCBC$ per $1 spent.
  • No minimum spend required

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OCBC Titanium Rewards

Unlike your typical cashback system, OCBC Titanium Rewards uses OCBC$ rewards which comes with a lot of perks. Shop up a storm on clothes, bags, electronics, gadgets and babywear and you’ll earn 10 OCBC$ per $1 spent. This is capped at 120,000 OCBC$ per year – although beyond that, you can earn 1 OCBC$ per $1 spent.

The card even gives you an online price guarantee – should you find the same item at a lower price on a different site, you’ll receive 50% reimbursement.

Perk alert: Shop on e-commerce site Shopee as a new customer and you’ll receive $7 off with a minimum spend of $15.

Good for:

  • Shoppers who spend around $12,000 per annum.
  • Bargain hunters and price comparison shoppers, due to the online price guarantee.

BOC Family Card

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  • 10% cashback on all dining spend worldwide
  • 5% cashback for online shopping and selected merchants
  • 0.3% cashback for other spending

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BOC Family Card

Loved by families for its hefty cashbacks for dining, entertainment and groceries, the BOC Family Card is also perfect for the online shopping addict. We’re about to dazzle you with this number: the BOC Family card rewards you with 5% cashback on online shopping, with a minimum spend of $700. Even if you don't hit the minimum spend, you still get 0.3% cashback.

Do note that the cashback is capped at $100 per month and it's split between dining, online shopping and other retail purchases, so remember to switch to another cashback card to optimise your rewards.

As a bonus, this card provides a whopping 7% cashback on dining worldwide (capped at $100 per month). This makes it ideal for shoppers who want it to double as a dining card.

Good for:

  • People who want to combine an online shopping card with a dining card.
  • Anyone who spends between $700 to $1,700 per month on online shopping.

HSBC Revolution

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  • 5 reward points per $1 spend on online shopping
  • Enjoy over 1,000 Entertainer 1-for-1 deals on HSBC Singapore's Mobile Banking App and save up to S$10,000 on your HSBC Credit Card
  • New-to-bank users can choose between American Tourister Luggage (worth $260), or $100 cashback, upon spending at least $600 within first month of card approval

APPLY NOW

HSBC Revolution

It’s a revolution indeed. This card is one of the most generous ones out there when it comes to online shopping. Every $1 you spend on online shopping gets you 5 reward points. Accumulate these to receive vacation or retail vouchers.

You get the same rate of rewards for dining and entertainment spending, so you could reasonably use this card for those purposes as well.

Good for:

  • Getting rewards instead of cashback or air miles, if neither of those interest you.
  • You intend to use the same card for dining and entertainment purposes as well.