Credit Card

We keep hearing the term cashback credit card. What does cashback mean? Does it mean you’ll see a duffle bag of cash at your doorstep after spending with your card? In our dreams maybe. It simply means, the bank will offer you cash rebates whenever you spend with your card and these cash rebates usually do not expire. How is this different from a rewards card? Reward points are chalked up to exchange for tiered levels of rewards and the points will expire after a certain period. So if you cannot be bothered or are too busy to keep track of dates, getting a reward card is not cool for you.  

With cashback cards, you get a certain percentage of cash from the purchases you make with the card. It may not look like a lot at first but if you maximise your spending in a popular category like online shopping, the accumulated cashback rebates can be substantial through the year.

Online Shopping: Cash Rebates Haven

Firstly, you need a good cashback card and before we compare the different types of cashback cards, let’s get some basics right:

Cashback Rewards for Online Shopping 

Look out for cashback cards that offer special cashback rebates just for online shopping.

Cap on Cashback Rewards 

Most cashback will have a cap on the amount of cashback per month. ANZ Optimum cards is offering a Friday to Sunday online shopping promotion where an additional S$100 cash back can be earned with a minimum of 3 online transactions before the offer expires on 2016 September 4th

Monthly Minimal Spent for Cashback Rewards

Some credit cards require a minimal monthly spent before the cashback rewards is activated. For example, when the total minimal spent for a 6% cashback for online shopping is S$400 per month (across all categories) and you underspend, the 6% online shopping cashback will not apply.

Cashback Cards for Online Shopping

A simple Google search on top online shopping sites in Singapore will generate these results: Qoo10, Zalora, Carousell, Lazada, ebay, Redmart, Reebonz, Amazon, HipVan and Luxola. If you are a frequent shopper on these sites, we recommend the three cards below. GoBear is always about making comparison easy and transparent, so we help you compare the pros and cons, plus the “fine prints” before you apply.




OCBC Frank

ANZ Optimium

Standard Chartered – SingPost Platinum  

Online Shopping Cashback



6% online shopping rebate

5% cashback on online stores (with Optimum Shopping) plus earn another 1% on all other spend.


7% cashback on online shopping


Current Promotion

No current promotion

Promotion: July 29th to September 4th.

Earn an additional up to $100 CashBack for any Online purchase every Friday – Sunday during the promo period on top of the 5% and 1% cash back.

Online signup promotion till September 30th: Free 24-inch luggage with S$100 cash rebate for first 100 new applicants per week. 

Promotion till September 30th.

 $138 Cashback when apply for card online

Included in Online spending

Clothes, gadgets, Flights, hotels, movie tickets and more

5% cash back on all purchases under 1 out of 4 selected categories (Groceries, Dining & Leisure, Shopping or Travel) where the category can be changed online at ANZ website every quarter. Plus 1% cash back on all other spend.

All online transactions – categorized by Visa’s Merchant code


Capped at S$60 monthly

During the promotion period, cashback for the weekend online shopping promotion is capped at S$100 with a minimal of 3 online transactions

No caps on reward points. Each time you spent, you earn 5x rewards 



Minimal spent

Minimal total monthly spent of S$400 offline; failing of which is cashback at 0.3%


Minimum spend from S$10 to start earning cash back

24-inch luggage limited to first 100 new applicants per week with S$500 minimal spent on first month

Minimal monthly spent of $600

Featured Merchants

Lazada S$7 off with a minimal spent of S$50

Zalora additional 15% off with a minimal spent of S$100

Qoo10 complimentary $40 coupons every Wednesday – valid for ANZ MasterCard cards only additional 9% off for Worldwide hotels & tour packages



Variety of discounts of up to 30% on shipping with Singpost and vPost additional 9% off for Worldwide hotels & tour packages


Apply for Card

OCBC Frank

ANZ Optimum

Standard Chartered SingPost Platinum


Now you have a better picture of the best cashback credit cards for online shopping – start your comparison, apply and stuff your online cart with goodies!