Even with the rising costs of education, many of us still see its importance as a worthy investment. From pre-schools to post-graduate education to everything in between, there are many returns and benefits to be reaped, in the form of growth, knowledge and networks to be gained.
While there are some schools that already accept credit card payments directly, most schools only still accept cash, cheque or bank transfer payments. This makes this payment exactly what it is - just an outflow of cash with no credit card rewards to be earned. CardUp thus enables this payment to be shifted onto your credit cards, which lets you enjoy the benefits of card payments on this large expense!
Why should I pay my education fees using CardUp?
By using your favourite credit cards for these payments, you’ll be able to enjoy the following benefits:
💳 Earn card rewards
While we always seek to maximise credit card rewards on everyday spend such as dining, transport and entertainment, these costs are small, especially in comparison to education fees. Even though CardUp charges a fee per transaction, the rewards earned can easily outweigh this fee, as we’ll be calculating and outlining for you later on in the article.
Furthermore, you can also take advantage of our ongoing GET225 promotion to get a 2.25% fee on all your payments!
💵 Go after attractive signup bonuses
Many cards offer attractive signup bonuses easily worth hundreds of dollars, with the requirement of spending a few thousand dollars within a few months’ time. While your regular spend might not be sufficient to attain these numbers, putting a large bill like your education fees will be a good way to do so without any additional, unnecessary spend!
🔁 Never miss a payment with recurring schedules
CardUp allows you to schedule recurring payments, so you don’t have to worry about due dates or missing payments. Once set up, it is done automatically - each month your card is charged for the education fee amount plus the CardUp fee, and the school receives the payment on time via a bank transfer. This leaves to simply kick back and relax, while your card rewards are earned each month.
You can also monitor every payment - past and future - on our user-friendly dashboard, making it easy to browse through all your transactions.
How much can I earn on my education fees through CardUp?
Here’s how much you could be saving by simply taking a few minutes to schedule your education fee payments on CardUp:
✈️ Scenario 1: Miles
While simply putting your education fees on your credit cards through CardUp might not earn you sufficient air miles for a fancy business class flight, combining them with other spend would get you that luxurious getaway for cheap!
Worth S$4,000 when redeemed for a return business class flight to Tokyo, Japan!
S$2,900 per month
S$900 per month
S$650 per month
S$200 per month
Through CardUp, you're now able to earn sufficient miles to fly to Japan on business class (worth $4,000), while paying only $1,480 in fees!
💰 Scenario 2: Cashback
Apopular cashback cardin the market is the Maybank Platinum Visa card, which gives up to 3% cashback on all online payments, CardUp spend included. Making your payments through CardUp (e.g. your monthly education fee of $1,000) – should easily allow you to hit the spend of S$1,000 every month for each quarter to qualify for the maximum S$100 quarterly cashback (i.e. S$400 yearly cashback).
How do I start?
CardUp makes paying your education fees a breeze. Here’s how you can get started in a few minutes, allowing you to spend less time making these payments, and more time enjoying the benefits of card payments: