How to choose the best department store credit cards

Compare credit cards for shopping at department stores in Singapore, including unlimited cashback and rewards-earning cards.

Last updated:

For those who frequently shop at department stores in Singapore, you may want to consider a dedicated store credit card. If you’re unsure whether this is the right credit card for you, we’ll help you compare rates, features and benefits for a range of store credit cards below. Find out how to choose the best one for your lifestyle and spending habits.

How do department store credit cards work?

Department store credit cards work in the same way as standard credit cards. You can make purchases in-store, online or on the phone and then pay off the balance before the due date. They’re still issued by regular banks or lenders and minimum repayments, annual fees, interest rates and other charges still operate in the same way.

Specific credit card’s requirements will be set out in a product disclosure statement that you can find on the individual bank’s website. All the fees and charges you pay on the card will be received and processed by the issuing bank, just like a standard bank-issued credit card. The department store will then receive a portion of the revenue earned.

Compare department store credit cards/shopping credit cards

Name Product Reward Cashback Offer Annual Fee Min Income - Singaporean and PR
UOB Yolo Card
Wide range of discounts including at Bubble Tea Factory. Plus, complimentary travel insurance
Enjoy up to 8% cashback on dining, travel, shopping and entertainment. Plus, a further 3% cashback in selected categories
S$0 annual fee for 1 year - S$192.60 thereafter
S$30,000
Apply today and get up to S$230 in bonus cash credits. T&Cs apply.
Standard Chartered Unlimited Cashback Credit Card
Shopping, travel and lifestyle offers at over 3,000 outlets in Asia
Earn 1.5% cashback with no limit. Plus, there's no minimum spend
S$0 annual fee for 2 years - S$192.60 thereafter
S$30,000
Apply today via MyInfo and receive up to S$100 cashback. End 31 May 2020.
Standard Chartered Rewards+ Credit Card
Up to 10X rewards points for every S$1 spent in foreign currency on
overseas retail, dining and travel
Apply today via MyInfo and receive up to S$100 cashback. End 31 May 2020.
S$0 annual fee for 2 years - S$192.60 thereafter
S$30,000
Apply today and enjoy a range of perks including 1-for-1 movie tickets with Cathay Cineplexes. Plus, complimentary travel medical insurance.
Standard Chartered Spree Credit Card
Up to 20% savings on your fuel
Apply today via MyInfo and receive up to S$100 cashback. End 31 May 2020.
S$0 annual fee for 2 years - S$192.60 thereafter
S$30,000
Enjoy up to 3% cashback on all online spend in foreign currency and all vPost spend. Plus, up to 25% off on postal services and lots more.
American Express True Cashback Card
Enjoy free travel insurance benefits of up to S$350,000
Earn 1.5% cashback on all eligible spending. no minimum spend or cap
S$0 annual fee for 1 year - 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.
HSBC Visa Platinum Credit Card
Earn 1 Reward point for every $1 on all spend.
Up to S$150 cash back when you spend
S$800 in your first month. Ends 31 March 2020

S$0 annual fee for 2 years - S$192.60 thereafter
S$30,000
Get free Samsonite T5 68cm Spinner luggage worth S$560. Simply make S$800 in qualifying transactions in the first month of your account. Or choose $150 cashback. Ends 31 March 2020.
Standard Chartered NUS Alumni Platinum Credit Card
Earn 1 Rewards point for every S$1 charged to your card
Apply today via MyInfo and receive up to S$100 cashback. End 31 May 2020.
S$0 annual fee for 2 years - S$192.60 thereafter
S$30,000
Apply today via MyInfo and receive up to S$100 cashback. End 31 May 2020.
American Express Singapore Airlines KrisFlyer Credit Card
Enjoy money-saving offers on Hertz, Grab and at restaurants in Singapore and overseas
S$150 cashback for use at singaporeair.com when you spend a minimum of S$12,000 untill 30 June 2020
S$0 annual fee for 1 year - S$176.55 thereafter
S$30,000
Earn 8,000 bonus KrisFlyer miles when you spend S$5,000 in the first 3 months of card membership. Ends 30 April 2020.
HSBC Revolution Credit Card
Up to 5X Rewards points (2 miles per S$1 spent) on qualifying purchases
S$150 cashback when you make S$800 in qualifying transactions in the first month of your account. Ends 31 March 2020
S$0 annual fee for 2 years - S$160.50 thereafter
S$30,000
Get free Samsonite T5 68cm Spinner luggage worth S$560. Simply make S$800 in qualifying transactions in the first month of your account. Or choose $150 cashback. Ends 31 March 2020.
Standard Chartered Visa Infinite X Credit Card
3 miles per $1 spent on foreign currency.
Get Cashback/Reward points/Bonus Interest on IRAS, Education, Insurance & Rental payment. T&Cs apply
S$695.50 annual fee
S$30,000
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$50,000
Get Samsonite luggage (worth S$600) and a 1-night stay at Swissotel The Stamford Singapore (worth S$529) when you pay the annual fee in the first statement and spend S$4,500 in the first 3 months. Ends 31 March 2020.
American Express Singapore Airlines KrisFlyer Ascend Credit Card
Complimentary stay at a Hilton hotel in Asia Pacific each year. Plus, enjoy four airport lounge passes
N/A
S$337.05 annual fee
S$50,000
Earn 16,000 KrisFlyer miles if you spend at least S$10,000 within the first three months. Ends 30 April 2020.
Standard Chartered Priority Banking Visa Infinite Credit Card
Earn 2.5 points for every $1 spent on your credit card
Apply today via MyInfo and receive up to S$100 cashback. End 31 May 2020.
S$321 annual fee
S$30,000
Apply today via MyInfo and receive up to S$100 cashback. End 31 May 2020.
Standard Chartered Prudential Visa Signature Card
Up to 10X rewards points on foreign spend, with no minimum spend required
Apply today via MyInfo and receive up to S$100 cashback. End 31 May 2020.
S$0 annual fee for 2 years - S$192.60 thereafter
S$30,000
Citi Cash Back Card
Get up to 20.88% off fuel. Plus, travel offers in 95 countries
8% cash back on dining, groceries and petrol transactions
S$0 annual fee for 1 year - 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.

Compare up to 4 providers

How to choose the best department store credit card

Here are the key factors you need to consider:

    • Shopping preferences. If you spend most of your money, or a significant portion of it, at department stores, a department store credit card from that specific store might help you save. You’ll need to consider where you shop the most and whether you’d be happy to be seen sporting a credit card branded with that store name.
    • Exclusive benefits and perks. If you’re a loyal customer of a specific department store, such as Takashimaya, Robinson’s or TANGS, then you could benefit from choosing their specific card to feel like a VIP every time you shop there. You’ll need to consider whether gaining access to their exclusive department store perks is something you’re particularly interested in. Otherwise, there’s a wide range of shopping, rewards and cashback credit cards for you to choose from.
    • Spending habits. Not all shopping credit cards offer rewards or cash rebates on online shopping, as well as on local and foreign spends. Before choosing a credit card, you should carefully consider whether you tend to shop mostly in-store or online, at local stores or on imported goods from overseas.
    • Card features. Before deciding on your chosen credit card, you should compare the minimum spend requirements, rewards programs and rebates on offer. Also, consider whether there are any welcome gifts or sign-up bonuses available and how attractive these deals are to you. Some store cards may also offer other additional benefits such as free delivery on eligible shops and free weekend parking, so it’s important to weigh up the full range of card features before applying for any credit card. If you’re interested in specific card benefits, such as gaining savings on fuel, groceries and Grab rides, or accessing free travel insurance when overseas, you may also want to compare shopping, travel or everyday savings credit cards.

Pros and cons of using a department store credit card

Pros

      • Exclusive discounts. The main reason to apply for a department store card is to gain access to exclusive member-only shopping discounts both year-round and during sales events. This can be especially worthwhile if you’re a frequent department store customer who wants exclusive access to closed-door sales events.
      • Additional store perks. If you frequently haunt a specific department store, qualifying for free personal shopping services, free delivery on eligible minimum spends, free weekend parking and even free alteration services may be particularly appealing.

Cons

      • Higher interest rate and annual fee. There may be a trade-off of paying higher annual fees and interest rate charges in exchange for enjoying exclusive store perks. You’ll need to weigh up whether these higher costs are worth it for you.
      • Less redemption flexibility. Unlike standard credit cards that may offer cashback or rewards points on spending across local and overseas stores, a department store card can significantly limit the range of merchants you can shop and earn rewards at. However, if you already shop mostly at department stores, this might not be much of a restriction to your spending habits.

Bottom line

While there are a variety of department store credit cards you can choose from, but before applying for one, you should consider the full range of credit cards available that would most suit your needs. If you’re ready to find the best department store credit card, start comparing your options now.

Frequently asked questions

Ask Finder

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy Policy and Terms.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site