Best cashback credit cards in Singapore to maximise your 2022 savings

The CardUp Team May 2, 2022 1:45:00 PM
Here's a list of the best cashback credit cards to use on CardUp in 2021!

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!

  1. Bank of China Family Card

  2. Maybank Platinum Visa Card

  3. Standard Chartered MANHATTAN World Mastercard Card
For cards not listed here (e.g. Standard Chartered Bank Spree Card, or American Express True Cashback Card), please note that the base earn rate of cashback still applies

 

We'll pay your next property expense. Enter the giveaway >

 

1. Bank of China Family Card

Bank of China Family Card

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

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

Standard Chartered MANHATTAN World Mastercard CardThe 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.

 

Learn more about our 2.25% fees

 

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

 

Here's a great example

Damien has these following monthly payments:

Payment type Monthly Payment Current payment method
Insurance Premium $1,000 GIRO
Office season parking and other expenses $294 Cheque

 

Instead of making 3 payments via different payment platforms, Damien shifts these monthly payments onto CardUp, allowing him to settle his payments...

  1. All through one platform
  2. Using his favourite credit cards
  3. 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.

Credit card Monthly payment Monthly CardUp fee (2.25%)

Monthly cashback

Annual cashback

Net savings per year
BOC Family Card

Insurance

$1,000

$22.50

($270/year)

$30

(Capped at $30 monthly)

$360

$360 - $270

= $90

Maybank Platinum Visa Card

Others

$294

$6.60

($79/year)

$10

($30/quarter)

$120

$120 - $79

= $41

 

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!

We'll pay your next property expense. Enter the giveaway >

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