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Best credit cards for shopping online

Shop with safety and save on fees when using a credit card to shop online.

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Paying on your credit card can be a convenient way to secure purchases online, but there are some cards that work harder for you than others.

If you’re looking for the right credit card to use online – whether to meet the cost of big purchases or for everyday expenses – use this guide to know what to look out for. Plus, we make it fast and easy to compare your options side-by-side.

Compare the best credit cards for online shopping

Name Product Reward Cashback Offer Annual Fee Min Income - Singaporean and PR
HSBC Revolution Credit Card
Earn up to 10X Reward points or 4 miles per S$1 spent on qualifying purchases.
Choose between a S$150 cashback or Samsonite suitcase if minimum spend requirements are met. T&Cs apply. Ends 31 Dec 2020.
S$0 annual fee
S$30,000
New cardholders can choose from a Samsonite Prestige 69cm Spinner Exp luggage worth S$670 or S$150 cashback. Existing cardholders will get S$30 cashback. Minimum spend of S$800 within the qualifying spend period is required. T&Cs apply. Ends 31 Dec 2020.
UOB Yolo Card
Enjoy a wide variety of discounts and cashback rebates on dining, entertainment, online shopping and travel.
Up to 8% cashback on some weekend dining, travel, and entertainment and 3% cashback on online fashion, weekday dining, travel and more.
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
Apply today and get S$150 in bonus cash credits. T&Cs apply.
American Express True Cashback Card
Enjoy cashback on all purchases with no minimum spend or cap. Plus receive up to S$80 CapitaVouchers when a minimum spend of S$500 is made in the first month.
Earn 1.5% cashback on all eligible spending with no minimum spend or cap
S$0 annual fee for the first 1 year and S$171.20 thereafter
S$30,000
Apply today and get a 3% Cashback bonus when you spend S$5,000 in the first six months.
Citi Lazada Card
Earn 10x rewards on eligible Lazada purchases and 5x rewards on qualifying dining, entertainment and commute purchases
Enjoy shipping rebates on eligible purchases of at least S$50 at Lazada.
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
New Citibank customers can get S$250 Lazada & RedMart vouchers as they spend. T&Cs apply. Ends 10 Dec 2020.
HSBC Visa Platinum Credit Card
Earn 1 Reward point for every $1 on all spend.
Up to 5% cash rebates on groceries, dining and fuel with minimum monthly spend of at least S$600.
S$0 annual fee for the first 2 years and S$192.60 thereafter
S$30,000
New cardholders can receive a Samsonite Prestige 69cm Spinner Exp suitcase (worth S$670) or S$150 cashback, if a minimum of S$800 is spent using the card in the qualifying spend period. Receive an additional S$30 worth of Lazada vouchers when you apply online with MyInfo via SingPass.T&Cs apply. Ends 31 Dec 2020.
American Express Singapore Airlines KrisFlyer Credit Card
Earn 1.1 KrisFlyer Miles per S$1 spent on purchases with no cap.
S$150 cashback for use at singaporeair.com when you spend a minimum of S$12,000 until 30 June 2021
S$0 annual fee for the first 1 year and S$176.55 thereafter
S$30,000
Get up to 13,300 KrisFlyer miles with a minimum spend of S$3,000 in your first 3 months and an additional Acer Monitor KA242Y (valued at S$349) if you are new to American Express.
American Express Platinum Credit Card
Up to 50% off your food bill for unlimited visits at hotels around Singapore
N/A
S$321 annual fee
S$80,000
Get S$150 Lazada Vouchers and a free 24" Samsung Monitor, plus a j5create JVCU100 USB Webcam when you spend S$5,000 in the first three months. T&Cs apply. Ends 30 November 2020
American Express Singapore Airlines KrisFlyer Ascend Credit Card
Earn 1.2 KrisFlyer miles per S$1 spent on local purchases, with no cap.
N/A
S$337.05 annual fee
S$50,000
Get free Bang & Olufsen Beoplay E8 2.0 earphones valued at S$399 when you spend S$5,000 within the first three months and an additional 10,000 KrisFlyer miles if you are new to American Express. T&Cs apply. Ends 30 Nov 2020
Citi Cash Back Card
Get up to 20.88% fuel discounts at Esso and Shell, and 8% cashback on dining and groceries.
8% cash back on dining, groceries and petrol transactions. 0.25% cashback on other retail purchases.
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
Get a welcome gift of S$120 cash back when you spend S$1,200 in the first 3 months. T&Cs apply. Ends 31 January 2021.
Citibank SMRT Card
Up to 5% savings on groceries, fast food, movies, and coffee. Plus, 3% savings on online shopping
Redeem S$10 cash back for shopping vouchers with every 10 SMRT$ earned
S$0 annual fee for the first 2 years and S$192.60 thereafter
S$30,000
Get a welcome gift of S$120 cash back when you spend S$1,200 in the first 3 months. T&Cs apply. Ends 31 January 2021.
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How to compare credit cards for online shopping

  • Low or 0% interest fees. If you’re using your card for purchases but struggle to repay your balance in full each month, you might want to consider a card with a low ongoing interest rate or a promotional 0% offer on purchases. If you regularly pay your balance in full, you could also benefit from a card with an interest-free days offer.
  • A rewards card with a high earn rate. If you’re regularly spending online and usually pay your balance in full, a rewards credit card could help you earn points from every dollar you spend on eligible purchases. While most reward or frequent flyer credit cards award 1 point per S$1 spent, some offer a higher earn rate on overseas purchases, which could come in handy if you’re using your card to shop at foreign merchants online.
  • Fraud protection. Today, its standard for credit cards to have protection in place to guard you against scammers and fraudsters, but you can do your part too by opting for a card that is linked to Verified by Visa or Mastercard Protection. It’s important to note that most insurance, such as Purchase Protection and Extended Warranty, don’t apply to items bought online.
  • Minimum spend required to earn points. Many credit cards only reward shoppers for shopping over a certain minimum spend say S$500 per month.
  • Scope of shopping for rewards. Credit cards may often have limitations on what online stores or products are eligible or ineligible for cash-back or rewards. They may also have differing cash-back rates on different types of products. For example a credit card may reward you with 5% cash-back on groceries but only 2% on other purchases.
  • Cap on Cash-back. Several credit cards put a ceiling on cash-back limits on a monthly basis. So if you are eligible for 3% cash back on online purchases but the cap is S$60 per month, shopping above S$2,000 will not earn cash-back or rewards.
  • Annual Fees. What is the annual fee charged by the credit card and is there a possibility of waiver of annual fees is also an important determinant in deciding which card to choose. A high annual fee will negate the effect of cash-back on shopping. Find out how a credit card with no annual fee could meet your needs.

The benefits and downsides of using a credit card for online shopping

Pros

  • Avoid currency conversion fees. If you get a credit card with no or low currency conversion fees, you can make significant savings while making purchases with overseas retailers.
  • Earn while you spend. If your credit card comes with a rewards system, you can earn points as you spend. These points can be redeemed for cash back on your account, travel rewards and merchandise and products from the rewards program online store.
  • Wide acceptance and protection. If your credit card is linked to one of the larger providers, such as Visa or Mastercard, you can make purchases internationally. These networks often come with additional security, such as Verified by Visa or Mastercard Protection, giving you an extra layer of protection when shopping online.

Cons

  • Accumulating debt. Unlike a debit card or a prepaid travel card, a credit card is not linked to your own funds. So if you’re an impulsive or frequenter spender, using your credit card for online purchases could quickly build up debt on your card. If you struggle to repay your balance in full, make sure to consider a card with low or no interest on purchases.
  • Security risks. While credit card security measures are in place to protect your finances against fraud or theft, no online purchase is entirely risk-free. Always research the site the legitimacy and security of the site before making a purchase.
  • Foreign fees. If your card doesn’t offer either a low or no currency conversion fee, your spending can increase significantly when making a purchase in a foreign currency.

Alternatives to using credit cards to shop online

If you don’t want to use a credit card but want a secure way to make purchases online that isn’t tied to your savings account, you may want to consider the following:

  • A debit card. These cards are linked to your bank account and let you spend the money in that account to make purchases online. As with credit cards, you can find debit cards that offer cashback on certain types of purchases, like contactless transactions or for spending on petrol. Keep in mind that the more features your card offers, the more likely it is to have an annual fee.
  • A prepaid card. Prepaid cards have to be loaded up with cash in advance, and you’ll only be able to spend the balance on the card. Often they can be used to make purchases in several foreign currencies. This can save you from expensive currency conversion fees, as long as you’re making a purchase in a supported and loaded currency.

As these cards are usually Visa or Mastercard products, you can use them both online and in-store at millions of locations around the world.

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Frequently asked questions

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