10 Best Credit Card For Online Shopping in Singapore

In a digital age where 26% of Singaporeans indulge in online shopping weekly and 58% do so monthly, the allure of virtual retail therapy is undeniable.

Surveys reveal that 50% of Singapore netizens desire to shop online if feasible. Especially for avid online shoppers, selecting the ideal credit card becomes paramount in maximising benefits and rewards.

With so many available options, finding the best credit card for online shopping in Singapore can be daunting.

In this article, we’ll guide you through the choices to discover the most suitable credit card tailored to your online shopping preferences.

10 Best Credit Cards For Online Shoppers

1. DBS Live Fresh Card– Best for online and offline buyers

2. OCBC 365 Card– Best for online food delivery

3. CIMB Visa Signature Card– Best for online shopping, groceries, health & wellness, pet shops, and cruises.

4. Maybank Family and Friends Card– Best for shopping online and in-store, including groceries, dining & pet essentials.

5. UOB EVOL Card– Best for 10% Cashback on online shopping

6. HSBC Revolution Card– Best for online shopping rewards

7. Citi Rewards Card– Best for shopping reward redemption

8. UOB Absolute Cashback Card– Best for unlimited cashback on shopping

9. OCBC Rewards Card– Best for e-commerce shopping

10. UOB KrisFlyer Card– Best for Singapore Airlines loyalists

Compare the Best Credit Card for Online Shopping 

1. DBS Live Fresh Card: Best for Online and Offline Buys

Key Features

• It offers up to 6% cashback on shopping and transport with a minimum spend.
• It provides 0.3% unlimited cashback on all other eligible transactions.
• It gives zero FX fees on in-store overseas transactions across Asia, capped monthly.
• It provides a limited-time S$300 sign-up cashback bonus for new customers.
• It allows 0% interest, 0% processing fee on 3-month installments for spends above S$100.

Pros and Cons

Pros

• It delivers generous cashback rates on both online and offline shopping.
• It supports overseas purchases with FX fee rebates in Asian countries.
• It provides unlimited 0.3% cashback on all transactions, regardless of spend.
• It includes a first-year fee waiver, lowering the cost of entry.
• It offers a large sign-up bonus that boosts early card value.

Cons

• It requires S$800 monthly spend to qualify for higher cashback.
• It limits cashback caps for shopping, transport, and FX rebates.
• It charges a high annual fee from the second year onwards.
• It excludes some transactions (e.g., insurance premiums, government payments) from cashback.

Things to Take Note Of

• It applies different caps for shopping, transport, and overseas rebates.
• It excludes refunded or reversed transactions from cashback calculations.
• It applies late payment charges of S$100 if the outstanding balance exceeds S$200.
• It accrues finance charges at 27.8% p.a., compounded daily if unpaid.
• It requires foreigners to earn at least S$45,000 annually to qualify.

The DBS Live Fresh Card is the best credit card for online shopping for those who want to earn strong cashback for both online and offline spending. You can earn cashback of up to 6% on shopping and transport, as well as unlimited 0.3% on all other spend. This card doesn’t charge any fees for in-store transactions across Asia which makes it a value for regular travellers in the region.

The monthly spend requirement of S$800, along with category caps, limits what can be earned at most. Nonetheless, the card allows everyday local use along with overseas benefits. The first-year fee is waived, and it provides a good sign-up bonus, making it a great choice for young professionals and families who want a good cashback card.

2. OCBC 365 Card: Best for E-Commerce Shopping

Key Features

• It provides 5% cashback on dining and online food delivery.
• It offers 3% cashback on groceries, utilities, land transport, streaming, Watsons, and EV charging.
• It gives 6% cashback on petrol plus up to 29.5% instant fuel discounts at major stations.
• It allows unlimited cashback on marketing spend at 1% (full payment) or 0.5% (instalments), upsized to 2.88% until Dec 2025.
• It includes a tiered cashback cap system, offering up to S$160 monthly.

Pros and Cons

Pros

• It rewards everyday essential categories like food, utilities, and transport.
• It provides high cashback on petrol combined with upfront station discounts.
• It includes two years of annual fee waiver, making it low cost initially.
• It supports unlimited marketing cashback, useful for small business owners.
• It integrates with OCBC 360 Account for higher savings interest rates.

Cons

• It requires minimum spend of S$800 to access enhanced cashback.
• It limits maximum cashback to S$160/month, even with higher spend.
• It excludes a wide range of payments such as taxes and government bills.
• It applies a standard foreign transaction fee, unlike some competitors.
• It reduces cashback to 0.25% if monthly spend threshold is not met.

Things to Take Note Of

• It calculates cashback based on posting date, not transaction date.
• It assigns cashback eligibility by MCC codes, which may vary by merchant.
• It requires an annual spend of S$10,000 to get an annual fee waiver after two years.
• It credits cashback in the following month’s statement, not instantly.
• It excludes GrabPay and some wallet payments from earning cashback.

The OCBC 365 Card is ideal for e-commerce and lifestyle spending, as it has wide coverage for categories such as dining, groceries and utilities to online food delivery. The structured cashback system is appealing to regular spenders who can hit S$800 or S$1,600 monthly thresholds.

With petrol discounts and uncapped marketing cashback, the card is beneficial for drivers and small business owners. The first two years of annual fee waiver and tie up with OCBC 360 Account makes it a strong everyday best online shopping credit card for homes and digital shoppers.

3. CIMB Visa Signature Card: Best for High Cashback Rate

Key Features

• It offers 10% cashback across popular lifestyle categories including online shopping, groceries, health, wellness, pet shops, and cruises.
• It offers unlimited 0.2% cashback on all other eligible transactions.
• It removes the burden of annual fees for life, including supplementary cards.
• It provides travel insurance coverage up to S$500,000 for cardholders and family.
• It offers a welcome gift of S$188 cashback upon meeting spending conditions.

Pros and Cons

Pros

• It provides one of the highest cashback rates in Singapore for everyday categories.
• It supports pet-related expenses, making it a strong choice for pet owners.
• It includes no annual fees permanently, which lowers long-term cost.
• It gives broad lifestyle coverage spanning both essentials and leisure.
• It offers travel protection benefits, adding value beyond cashback.

Cons

• It requires S$800 monthly spend to qualify for 10% cashback.
• It limits cashback to S$100/month, with S$20 cap per category.
• It excludes foreigners from applying for a principal card directly.
• It provides only 0.2% cashback outside the selected categories.
• It applies a standard foreign currency fee of 3%, which reduces overseas value.

Things to Take Note Of

• It counts base cashback of 0.2% as part of the 10% total.
• It applies caps per category (S$20), so spending must be spread to maximize benefits.
• It requires posted transactions within the statement month to count toward the S$800 spend.
• It needs valid supporting documents like CPF history, payslips, or NOA during application.
• It requires immediate reporting of lost or stolen cards to safeguard against unauthorized use.

CIMB Visa Signature Card is the best online shopping credit card for those who spend across numerous categories and seek high cashback. The card provides a good 10% cashback rate in categories such as online shopping, groceries, health, pet and cruises, apart from unlimited 0.2% cashback on everything else.

It’s economical for long-term use, as it doesn’t have any annual fees. Due to a minimum spend of S$800 and strict caps on spending categories, one’s total cashback a month is capped at S$100, making it necessary for cardholders to plan their spending.

However, with travel insurance and a generous promotion on offer, it is recommended as an everyday card for people who are looking for value and especially for pet owners.

4. Maybank Family & Friends Card- Best For Customizable High Cashback

Key Features

• It allows custom selection of 5 cashback categories such as groceries, dining, transport, online shopping, pets, entertainment, wellness, and more.
• It offers 8% cashback across chosen categories, applicable locally and overseas.
• It extends benefits to MYR and IDR foreign currency spent under an additional bonus category.
• It provides automatic cashback crediting without the need for manual redemption.
• It gives a Samsonite luggage or cashback sign-up reward for new applicants meeting spend criteria.

Pros and Cons

Pros

• This best online shopping credit card offers high cashback across flexible lifestyle categories.
• It includes broad coverage from groceries and dining to wellness and entertainment.
• It provides extra cashback opportunities for Malaysian Ringgit and Indonesian Rupiah transactions.
• It offers a generous monthly cap of S$125, higher than many competitors.
• It comes with three years of annual fee waiver, lowering upfront cost.

Cons

• It requires S$800 monthly spend to unlock the 8% cashback.
• It caps each selected category at S$25 per month, limiting rewards for heavier spenders.
• It applies a foreign transaction fee of 3.25%, which offsets some overseas benefits.
• It reduces cashback to 0.3% when the minimum spend is not met.
• It excludes certain bill payments from earning higher cashback.

Things to Take Note Of

• It requires selection of categories upfront, so cardholders must plan based on lifestyle needs.
• It applies 0.3% cashback on AXS bill payments, capped per transaction.
• It limits MYR and IDR bonus category cashback to S$25/month.
• It enforces merchant category code (MCC) rules, so only qualifying merchants trigger cashback.
• It requires foreigners to provide supporting documents such as work passes and income proofs.

The Maybank Family & Friends Card is best for families and individuals who want flexibility in choosing where they earn rewards. With 8% cashback across five self-selected categories and an additional bonus for MYR and IDR spend, the card stands out as a practical everyday option for diverse lifestyles.

While the S$800 monthly spend requirement and per-category caps limit maximum gains, its broad category coverage, generous overall cap, and automatic cashback crediting make it a strong choice for shoppers who want control over their rewards.

5. UOB EVOL Card: Best for Easy 10% Cashback

Key Features

• It provides 10% cashback on local online spend, mobile contactless, selected gym, telco, and streaming.
• It offers 1% cashback on overseas foreign currency spend till 31 Dec 2025.
• It applies 0% FX fees, removing conversion charges on overseas purchases.
• It allows 0.3% cashback on all other eligible transactions.
• It rewards new applicants with a S$350 cash credit sign-up bonus when conditions are met.

Pros and Cons

Pros

• It delivers high cashback across popular lifestyle categories.
• It includes 0% FX fees, making overseas spending more cost-efficient.
• It offers a S$100 monthly cap till Dec 2025, higher than many peers.
• It provides a fee waiver option with 3 monthly transactions, avoiding annual charges.
• It gives a large welcome bonus for new cardholders.

Cons

• It requires S$800 minimum monthly spend to unlock full cashback.
• It will reduce the monthly cashback cap to S$80 from Jan 2026.
• It limits cashback per category sub-cap (e.g., S$20 gym/streaming, S$30 online/mobile).
• It awards only 0.3% cashback on non-category spending.
• It enforces eligibility income thresholds, higher for foreigners.

Things to Take Note Of

• It applies monthly cashback caps split by category, not pooled under one limit.
• It sets cashback validity till Dec 2025 at S$100 cap, which will reduce in 2026.
• It requires transactions to be posted within the statement month for cashback eligibility.
• It offers auto-enrolment to eStatements only, physical statements are not issued.
• It supports SimplyGo rides with 10% cashback, but only under the mobile contactless category.

The UOB EVOL Card is the best online shopping credit card for young professionals and digital-savvy consumers who spend regularly online. A card that earns up to 10% cash back on the spend in the lifestyle category like online shopping, rides, streaming, and gym memberships is useful.

The most attractive benefit is that it charges absolutely no foreign exchange fees for overseas transactions. While the S$800 monthly spend requirement and capped rewards limit maximum savings, the combination of lifestyle cashback, sustainability features and generous sign-up bonus makes it one of the most competitive lifestyle cashback cards in Singapore.

6. HSBC Revolution Card: Best for Online Shopping Rewards

Key Features

• It awards 10X Reward Points on online spending including shopping, dining, transport, and travel.
• It gives 1X Reward Point for all other eligible transactions with no cap.
• It requires no minimum spend to start earning bonus points.
• It offers a welcome gift worth up to S$300 cashback or luggage with qualifying spend.
• It provides flexible redemption for cashback, air miles, or vouchers via the HSBC Singapore app.

Pros and Cons

Pros

• It delivers strong online reward rates equivalent to 4 miles per dollar.
• It charges no annual fee, lowering long-term ownership cost.
• It requires no spending threshold to access bonus rewards.
• It offers flexible redemption options, from miles to cashback.
• It provides a generous welcome promotion with cashback or gifts.

Cons

• It limits 10X Reward Points to capped categories like shopping, dining, and transport.
• It enforces a monthly bonus cap of 13,500 points, restricting heavy spenders.
• It applies a foreign transaction fee of 3.25%, reducing overseas value.
• It excludes transactions such as donations, insurance, and cryptocurrency from earning points.
• It requires foreigners to meet a higher S$60k annual income requirement.

Things to Take Note Of

• It credits base points immediately, while bonus points are credited the following month.
• It counts the posting date (not transaction date) for eligibility.
• It requires marketing consent to qualify for welcome gifts.
• It excludes hotel dining under dining MCC, which may affect some users.
• It allows up to five supplementary cards, also free of annual fees.

HSBC Revolution Card is the best credit card for online shopping Singapore for people who make online payments and spend a lot but don’t want to pay fees. With 10 times over reward points on popular categories like shopping, dining, transport, and others, it provides great value equal to about 4 miles or a 2.5% cash back on every dollar spent.

This card is also quite alluring for its zero annual fee, low commitment level along with the welcome gift. While limited to a monthly bonus cap of 13,500 points and not rewarding on some categories, it still qualifies as one of the best reward cards if you spend consistently online.

7. Citi Rewards Card: Best for Shopping Reward Redemption

Key Features

• It earns 10X Citi ThankYou Points on online shopping and in-store retail categories like groceries, food delivery, ride-hailing, department stores, and fashion.
• It awards 1X Point on all other eligible transactions with no cap.
• It provides a welcome gift of 40,000 Citi ThankYou Points with S$800 spent in the first 2 months.
• It allows points redemption for cash rebates via the Citi Mobile® App at 440 points = S$1.
• It enables redemption through merchandise, gift vouchers, or miles transfer via the Rewards Catalogue.

Pros and Cons

Pros

• It delivers high rewards on both online and offline shopping categories.
• It offers multiple redemption options, including cash rebate, vouchers, and miles.
• It provides Base Points with no cap, ensuring steady earnings outside the bonus structure.
• It gives a generous welcome bonus for new cardholders.
• It integrates flexibly with Citi PayLite and FlexiBill for installment payments.

Cons

• It caps bonus rewards at 9,000 Points monthly, limiting high spenders.
• It applies a foreign transaction fee of 3.25%, reducing overseas value.
• It enforces point expiry after 60 months, unlike some cards with non-expiring rewards.
• It excludes certain MCC categories (insurance, education, utilities, etc.) from earning points.
• It sets a higher income requirement for foreigners (S$42k).

Things to Take Note Of

• It calculates bonus points separately from base points, credited by statement cycle.
• It allows points-to-miles transfer, but redemption rates vary by airline program.
• It requires a Citi Mobile® App account to redeem for cash rebate or vouchers.
• It sends reminder notifications three months before point expiry.
• It needs supporting documents like payslips, CPF statements, or NOA for eligibility.

The Citi Rewards Card is ideal for the shopper who wants the ability to redeem their spending in a flexible manner. This card helps you earn 10X Points on the shopping category online and offline. You will also earn 1X Point on all other spending. The Citi ThankYou Points system enables its redemption for cash rebates, merchandise, vouchers, or miles.

Although its cap on Bonus Points is 9,000 a month and the validity is 60 months, the overall earning potential, merchant coverage and redemption options make it one of the best credit card for online shopping Singapore for regular shoppers.

8. UOB Absolute Cashback Card: Best for Unlimited Cashback

Key Features

• It offers 1.7% unlimited cashback across all eligible purchases with no restrictions.
• It applies 0.3% cashback for selected MCCs such as utilities, education, government, healthcare, and Grab wallet top-ups.
• It requires no minimum spend to start earning cashback.
• It provides a welcome promotion of 10% cashback capped at S$250 for new applicants.
• It supports wide coverage of expenses, including transport, insurance, travel bookings, retail, and bill payments.

Pros and Cons

Pros

• It delivers the highest flat unlimited cashback rate (1.7%) in Singapore.
• It applies no cap on cashback earned, making it suitable for big-ticket purchases.
• It enforces no minimum monthly spend requirement.
• It includes broad spending coverage, even on categories usually excluded by other cards.
• It provides a first-year fee waiver with supplementary card benefits.

Cons

• It offers only 0.3% cashback on selected categories such as utilities, government, healthcare, and Grab top-ups.
• It charges a foreign transaction fee of 3.25%, limiting overseas use.
• It excludes certain MCCs from the full 1.7% cashback benefit.
• It reduces the attractiveness for frequent overseas spenders due to FX charges.
• It provides no option for reward points or miles redemption.

Things to Take Note Of

• It enforces lower cashback of 0.3% on specified MCC categories effective from 2023–2024.
• It requires card activation online before use.
• It limits bonus 10% welcome cashback to new-to-UOB applicants only, capped at S$250.
• It includes annual fees reinstated after the waiver period unless waived via promotions.
• It calculates cashback monthly on posted transactions only.

UOB Absolute Cashback Card is the best credit card for online shopping Singapore for users who want a simple and no-frills card. This card is Singapore’s highest flat-rate card with 1.7% unlimited cashback with no cap. It covers a variety of expenses, including an insurance expense, gas and electric bills – categories many other cards don’t.

Some transactions like Grab top-up, healthcare, and government payments only get 0.3%. Despite this, it is still great for those who just want a simple cashback card without category restrictions and minimum spends.

9. OCBC Rewards Card: Best for E-commerce Shopping

Key Features

• It offers 15 OCBC$ per S$1 spent at Watsons, Lazada, Shopee, Taobao, and TikTok Shop (till Dec 2025).
• It provides 10 OCBC$ per S$1 spent on selected retail categories both online and offline.
• It gives 1 OCBC$ per S$1 for all other spend with no cap.
• It allows flexible redemption of OCBC$ into rebates, vouchers, air miles, and products.
• It includes Mastercard privileges such as Priceless Experiences, dining perks, and e-commerce purchase protection.
• It supports bonus accumulation of up to 180,000 OCBC$ a year.

Pros and Cons

Pros

• It delivers very high earn rates for popular e-commerce platforms.
• It extends OCBC$ validity of 5 years, reducing risk of unused rewards.
• It enables multiple redemption options including miles, vouchers, and rebates.
• It offers exclusive Mastercard privileges and dining perks.
• It includes special promos like Disney Stitch charm with new applications.

Cons

• It limits bonus OCBC$ to $10,000 per month (plus extra 5,000 for select promos).
• It applies foreign transaction fee of 3.25%, lowering value for overseas purchases.
• It enforces awarding of OCBC$ in S$5 blocks, reducing points on small transactions.
• It requires an annual income threshold of at least S$45,000 for foreigners, which is relatively high.
• It introduces annual fee after two years unless waived with S$10,000 annual spend.

Things to Take Note Of

• It specifies bonus OCBC$ categories by Merchant Category Code (MCC), which must match correctly to earn rewards.
• It continues to earn 1 OCBC$ per S$1 even after caps are reached.
• It allows conversion of 25,000 OCBC$ into 10,000 KrisFlyer miles.
• It requires spending blocks of S$5 to trigger OCBC$ awarding.
• It enforces strict exclusion categories (government payments, charitable donations, etc.) that do not earn OCBC$.

The OCBC Rewards Card is made for online shoppers who want flexible redemption. You can earn OCBC$ at Lazada, Shopee, Taobao, TikTok Shop and selected retail categories, and redeem them to get cash rebates, vouchers or miles. The Mastercard benefits and e-commerce insurance give you peace of mind. You can make great use of it if you shop frequently online and in-store and note the bonus cap each month.

The 15 OCBC offer is valid until 31 December 2025, so heavier online spending pays off now. In the past five years, OCBC$ has been introduced so you can save for bigger redemptions. To get the most value for your money, group your S$5 transactions to avoid currency fees everywhere you can.

10. UOB KrisFlyer Card: Best For Singapore Airlines Loyalists

Key Features

• It earns 3 miles per S$1 on Singapore Airlines, Scoot, KrisShop, Kris+, and Pelago transactions.
• It awards 2.4 miles per S$1 on dining, food delivery, online shopping, online travel, and transport with S$1,000 annual SIA Group spend.
• It gives 1.2 miles per S$1 on all other eligible transactions.
• It includes 5,000 welcome miles after the first S$5 transaction and 10,000 renewal miles when the annual fee is paid.
• You can pair it with the KrisFlyer UOB Account to earn extra bonus miles based on monthly average balance and salary credits.

Pros and Cons

Pros

• This best credit card for online shopping Singapore offers a strong 3 miles per dollar earned on the full Singapore Airlines ecosystem including Kris+ and Pelago.
• It unlocks 2.4 miles per dollar on wide everyday categories once the SIA Group spend condition is met.
• It provides a first year fee waiver plus welcome and renewal miles for added value.
• It integrates with a miles-boosting current account for additional accrual.

Cons

• It requires S$1,000 annual SIA Group spend to access 2.4 miles per dollar on daily categories.
• It applies a 3.25% foreign transaction fee that reduces overseas net value.
• It limits perks primarily to the SIA ecosystem, which lowers utility for non-SIA flyers.
• It ties renewal bonus to paying the annual fee from year two onward.

Things to take note of

• It credits miles directly to the KrisFlyer account, so no separate conversion fees or steps apply.
• It counts eligible SIA Group spend across Singapore Airlines, Scoot, KrisShop, Kris+, and Pelago toward the S$1,000 annual threshold.
• It offers extra miles via KrisFlyer UOB Account, with bonus capped at 5% of monthly average balance and subject to salary crediting rules.
• It requires standard supporting documents for income and identity during application.

The UOB KrisFlyer Card is ideal for those who fly on Singapore Airlines and want to earn miles effortlessly on their daily spending. You can earn 3 miles per dollar across the SIA Group as well as 2.4 miles per dollar on common categories once you hit S$1000 with SIA annually, with 1.2 miles per dollar as the base.

Since the card earns miles directly to KrisFlyer, the flow is simple. Also, the first year fee waiver, welcome miles, and renewal miles all add to the incentive. You will get the most value if you can meet the SIA spend requirement and pair it with the KrisFlyer UOB Account for additional bonus miles.

Key Features to Look for in an Online Shopping Credit Card

When selecting a credit card, several factors warrant careful consideration:

1. Rewards and Incentives:

• Look for cards offering perks like reward points, cashback, or airline miles. Understand the reward programs to choose the best fit for your needs.

2. Annual Fees:

• Assess annual fees against the card benefits. Some cards offer waivers for the first year, while others may provide valuable rewards or perks that justify the fee.

3. Interest Rates:

• Be mindful of the interest charged on unpaid balances, which can vary among cards. Aim to pay your balance in full each month to avoid accumulating significant debt.

4. Lifestyle and Spending Habits:

• Choose a card that aligns with your lifestyle. Travel cards suit globetrotters, while others may offer rewards tailored to grocery or shopping expenses.

5. Terms and Conditions:

• Review the fine print, including credit limits and late fees, to understand exclusions and conditions thoroughly. Attention to these details ensures you select a card that meets your needs.

Maximising Benefits from Your Best Online Shopping Credit Card

Smartly using your best online shopping credit card can elevate your shopping experience and reap numerous benefits. Let’s discover how to maximise these privileges and make the most of online shopping in Singapore with your bank.

1. Earning Rewards Points and Cashback

• Enjoy the benefits of earning rewards points and cashback on your purchases
• Accumulate points for various rewards and receiving special promotions and discounts from specific online merchants.

2. Exclusive Discounts and Promotions

• Keep an eye out for exclusive discounts and promotions offered by credit card issuers in partnership with online marketplaces in Singapore.
• Example of merchants are Grab, Shopee, Lazada, Singapore Airlines and many more!

3. Utilising Price and Purchase Protection

• Leverage your credit card’s purchase and price protection features.
• Commonly, credit cards offer reimbursement for damaged or lost items, so you do not overpay by refunding the price difference if an item is found at a lower price within a specific timeframe.

4. Leveraging Travel Benefits

• Explore the extensive travel benefits of many credit cards in Singapore, including travel insurance, airport lounge access, and bonus miles, enhancing your online shopping experience while planning your next getaway.

5. Staying Informed About Expiry Dates and Terms

• Stay informed about expiry dates and minimum spending requirements associated with credit card privileges to maximise benefits, ensuring timely redemption of rewards points before expiration.

Security Tips for Using Credit Cards Online

In the first half of 2023, 4,516 e-commerce scams occurred, resulting in a $7.3 million loss for victims.

Over half of these victims, aged 20 to 39, were targeted primarily through social media, messaging platforms, and online shopping sites.

The resurgence of travel also saw a rise in travel-related scams, with criminals using various methods to compromise card information, including card skimming, unsecured public Wi-Fi networks, and RFID scanners.

How To Protect Your Credit Card Online

1. Utilise Digital Banking Apps for Security

It is now very common for every bank to have their own online banking app which makes it easier now to safeguard your card.

Instead of immediately cancelling a stolen or misplaced card, which was the traditional approach, you can now conveniently lock or unlock your card using the app.

This offers peace of mind while searching for your card, and once its safety is assured, you can easily unlock it.

2. Customise Card Transaction Settings

Another way is to tailor your card’s transaction settings to your preferences to enhance security.

For instance, if you’re not travelling, disable overseas in-store transactions to prevent potential fraud abroad.

Similarly, if online shopping isn’t on your agenda, disabling online transactions adds an extra layer of protection against scams.

3. Manage Spending and Transaction Limits

For example, if you have a DBS credit card, take advantage of features like DBS Payment Controls to exert control over your spending and transaction limits.

You should be setting monthly spending limits or lower transaction limits for debit cards adds an extra barrier against unauthorised usage. It’s essential to verify transactions, especially in cases of doubt, as phishing attacks become increasingly sophisticated.

Be cautious of unsolicited communications, verify sender identities, refrain from clicking on suspicious links or downloading attachments, and employ strong, unique passwords for online accounts.

Safe Online Shopping Practices

1. Staying Safe Online

To safeguard yourself against evolving phishing attacks, maintain a vigilant approach online.

Exercise caution with links and attachments in emails, SMS, and social media, as they may lead to phishing scams or unauthorised malware installation on your device.

2. Secure Online Practices

Stick to secure and reputable websites for your online purchases, ensuring they display “https://” in the website address and a padlock symbol in the browser.

Doing so can confirm a secure connection and reduce the risk of falling victim to fraudulent activities.

3. Protecting Your Information

Safeguard your personal and financial details by refraining from sharing sensitive information such as passwords, PINs, OTPs, credit card details, or account numbers through email, phone calls, or text messages.

While the latest phone and technologies allow you to login with facial recognition or fingerprint, the advice is to avoid setting those to ensure added security.

4. Enhanced Security Measures

Enable Transaction Alerts to receive instant notifications of account transactions via email, push notifications, or SMS.

Additionally, set up security settings like 2-Factor Authentication (2FA), which provides an extra layer of security.

If someone gains access to your password, they still require a unique code for transactions to proceed, which would be sent to your mobile devices to verify the transactions.

Monitoring Transactions and Reporting Fraud

Take immediate action if you suspect fraudulent activity or notice unfamiliar transactions on your best online shopping credit card statement. Contact your credit card issuer immediately to report the incident and safeguard your account from further harm.

Taking Action

Upon contacting your credit card issuer, they will assist you in reporting the fraud and implementing necessary security measures.

Additionally, in Singapore, filing a report with the Commercial Affairs Department of the Singapore Police Force aids in investigations, potentially leading to the apprehension of the fraudsters.

Legal Ramifications

Credit card fraud is a criminal offence in Singapore with severe legal repercussions.

Offenders may face imprisonment and substantial fines under the Computer Misuse Act and the Penal Code.

The severity of the punishment hinges on factors such as the extent of the fraud and any aggravating circumstances, with repeat offenders subject to harsher penalties.

Conclusion: Choosing the Right Card for Your Needs

In conclusion, when choosing one of the best credit cards for online shopping in Singapore, it’s crucial to consider factors like your personal spending habits and preferences.

By comparing features, fees, and rewards offered by different cards, you can make an informed decision that aligns with your lifestyle.

Also, remember to follow smart credit card practices, such as monitoring spending and protecting your card details, to maximise benefits while minimising risks.

Read also: Best Credit Cards in Singapore

Financial Disclaimer:

The information provided herein is for informational purposes only and should not be construed as financial advice. All investments involve risks, and past performance is not indicative of future results. It is essential to conduct thorough research and seek advice from qualified financial professionals before making any investment decisions. The content presented does not guarantee any specific outcome or profit. The user assumes all risks associated with investment decisions based on the information provided. Additionally, fluctuations in market conditions may impact the value of investments. The author and publisher disclaim any liability for any loss or damage resulting from reliance on the information provided herein.