CardUp started in 2016 with the vision of enabling you, our users, to shift your large, recurring payments onto your favourite credit cards.
Over the years, we’ve focused on improving our platform and your experience, and have since developed many new product features and supported new payment types. These improvements include next-day payment options, developing features specially for Business users, as well as supporting payments types such as stamp duty, helper salary, electricity and more!
While the feedback we’ve constantly received from you has been excellent, we also realise that one ongoing question has always been around pricing.
Lowered fees for your personal payments
For CardUp to enable credit card payments in categories where cards are not accepted, a processing fee is charged on each transaction. This fee covers the costs we incur, consisting of the processing fees for the different parties responsible in enabling your card payments – the payment processing bank, the credit card issuer, the payment processing gateway, and so on. This fee has been kept low so you can earn the most rewards possible.
We’d love for you to get even more rewards (and fly business class for less) on these payments – we’re excited to share that we’re offering discounted fees on all personal user payments!
Instead of the usual 2.6% per transaction, we’ll be reducing it to just 2.25% per transaction until 31 December 2021.
This discounted fee will be valid on all Singapore-issued Visa, Mastercard and UnionPay credit cards, and will be available on all personal user payments, including rent, insurance, education fees, helper salary and more!
To all our current users, we thank you for your continued support. We hope this discounted fee is welcome news to you, and that you’ll continue recommending our platform to your friends and family members, helping everyone make their big payments rewarding.
For anyone else who have considered using CardUp in the past, enjoying the freedom of card payments has never been easier that it is now.