Shopee is SG's most-trafficked marketplace, and most online-shopping cards treat it favourably (MCC 5942). The trick is that ShopeePay top-ups are excluded as stored-value on most cards — paying with credit card direct rather than ShopeePay is what unlocks the rate.
HSBC
8 mpd (20 RP per S$1) on Eligible Transactions for HSBC Everyday Global accountholders with ≥ S$50K balance (Mar 2026 restoration per Milelion 2026 strategy). Categories and S$1,000 cap mirror hsbc-11-bonus-1; relationship gate enforced by engine filterRatesMapByRelationship — rate is dropped when userProfile.bank_relationships doesn't include 'hsbc_ega_50k'.
Trust
Applies only to ONE category you select (locked per quarter). Requires S$2,000/mo eligible spend to unlock.
15% on user-selected preferred category at S$2,000/month min for 3 consecutive months. Quarterly cap S$250 (~S$83/cycle). Quarterly category lockup. From 1 Mar 2026: $1k/10% tier removed.
OCBC
OCBC Rewards 6 mpd promo — 15 OCBC$/S$1 (=6 mpd) at Shopee, Lazada, TikTok Shop, Watsons, Taobao. Capped at S$1,000/calendar month qualifying spend. Extended to 30 Jun 2026 per Milelion 2026 strategy. After effective_to, ocbc-13-shopping-1 (4 mpd, S$1,111 cap) takes over.
These are the objective top picks. Perqa narrows them to the cards in your wallet and tracks your spend so you always use the right one.
Try Perqa — freeMostly no. ShopeePay top-ups are classified as stored-value on most SG cards (DBS, UOB, OCBC, Citi, HSBC) — base rate only, or excluded entirely. Paying with credit card directly at checkout (not via ShopeePay) earns the full online-shopping bonus.
OCBC FRANK pays 8% on online retailers (cap S$25/cycle, S$800 spend). UOB EVOL pays 10% on local online + mobile contactless (S$30/mo cap). HSBC Revolution pays 4 mpd (≈6¢) uncapped within the online tier.
Yes. Most cards calculate cashback on the credit-card-paid portion only, AFTER vouchers and coin discounts are applied. If a S$50 order uses S$10 in Shopee coins, you earn cashback on the S$40 charged to the card.