Many cashback cards have a minimum spend criteria and there's only so much shopping, dining or travelling you can spend on each month. Plus, there are a number of big payments you can't pay with your credit card in Singapore, such as rent, insurance premiums or school fees. It is often frustrating to the cardholder that they can't earn cashback on these big bills — but with platforms such as CardUp, you can. Once you go CardUp, you never go back.
Read on to see how someone who’s paying monthly expenses of over $3,200 can save over $800 on his rent, insurance and parking payment annually!
If you're considering to sign up for CardUp but aren’t sure if the 2.25% fees can give you any savings, here are some of the best ways that work!
Best cashback credit cards to use on CardUp
In no specific order, here are some of the most popular cashback cards that our users use when they make their payments on our platform, be it rent, insurance, education fees or more!
An often overlooked cashback card locally is the Bank of China Family Card. It's a great cashback card for everyday spend because it offers a rather high percentage of cashback compared to other cards in the market.
For a start, foodies will love this card because you get to enjoy 7% cashback on dining everyday of the week. You also get a nice 3% cashback on online purchases such as CardUp payments, supermarket spend and even hospital bills!
2. Maybank Platinum Visa Card
With up to 3.33% cashback on local purchases including CardUp payments, the cashback earned on Maybank Platinum Visa Card will automatically be used to offset your bill. The minimum monthly spend and cashback given is on a quarterly basis. Simply charge a minimum of S$300 monthly for each quarter to qualify.
3. Standard Chartered MANHATTAN World Mastercard Card
The Standard Chartered MANHATTAN World Mastercard credit card is suitable for those with large monthly expenses. With 3 cashback tiers capped at S$200 per quarter, you can get up to S$800 in cashback a year with no minimum spend required. Here's how the 3 tiers work: 3% cashback when you spend S$3,000 or more a month, 1% cashback when you spend between S$1,000 and S$2,999 a month and 0.5% cashback when you spend below S$1,000 a month.
How to optimise your cashback with CardUp
By signing up with CardUp, you can start earning cashback on all your monthly expenses such as rent and insurance premiums by making these payments through our platform. Your payee doesn't even need to sign up with us or accept credit card payments. Yes, it's that easy to be earning more credit card rewards!
List of payments you can shift onto your credit card
Instead of making 3 payments via different payment platforms, Damien shifts these monthly payments onto CardUp, allowing him to settle his payments...
All through one platform
Using his favourite credit cards
Get to maximise his card rewards to increase his savings
By using CardUp and splitting his payments onto 3 cashback credit cards, he can earn cashback of almost $800 annually.
Monthly CardUp fee (2.25%)
Net savings per year
BOC Family Card
(Capped at $30 monthly)
$360 - $270
Maybank Platinum Visa Card
$120 - $79
Total net savings per year: $132
Even after deducting the CardUp fee, Damien saves over $132 per year just by paying his rent, insurance premiums and season parking via CardUp! So stop hesitating and start using CardUp to get more out of your cashback credit cards now!
Make a property payment – such as rent, mortgage, stamp duty and more – on CardUp and you could be the lucky one to have your next payment paid by us!