Skip to content

How to pay 2024 income tax with your credit card on CardUp

The CardUp Team Mar 1, 2022 4:38:00 PM
Pay Singapore income taxes with your credit card with CardUp

It's the time of the month again where we'll be receiving our IRAS income tax Notice of Assessment soon.  If you're reading this article, you're probably searching for the most convenient and rewarding way to make your income tax. It is a big payment to make, and many of us wonder how we can reduce or make the most out of our income tax payments.


Making income tax payments with your credit card


While IRAS does not accept credit card payments directly, that does not mean you cannot pay using your credit card.

CardUp enables you to use your credit card to pay for your income tax along with a range of other payments that don't usually accept credit card.  Simply schedule your payments on CardUp, input your card details and you'll be paying your income tax, rent, insurance and more with your credit card. This lets you earn credit card rewards such as miles, points and cash-back on these large payments, giving you additional savings!


Maximise the rewards earned on your cards

By paying your personal income tax with your existing credit cards through CardUp, you earn rewards on every dollar you spend. This means you earn air miles, cash-back and points for a payment that typically does not earn you rewards when you pay via other methods.

Together with other payments that can be made on CardUp – such as your rent, insurance, education fees and more — you can easily earn thousands more miles or points each month. This also lets you earn more miles per month, letting you redeem your business class tickets many times faster compared to just putting on your regular day-to-day spend (dining, entertainment, transport etc).

Here's an example as to how you'll be able to earn 94,000 air miles in a year for these large, recurring payments that you'll have to make anyway:


Payment type Annual spend CardUp fee (2.25% per transaction) Earn (1.4 miles per dollar)
Income tax $5,000 $1,479.60 per year

94,135 air miles


(Worth $4,000 when redeemed for a return business class flight to Tokyo, Japan!)

Insurance premiums $15,000
Rent $27,960
Education fees $8,600
Helper salary $7,200
Electricity bills $2,000
Total $65,760


This means that at just $1,480 in fees paid, you'll be able to redeem a business class trip to Tokyo worth around $4,000. This is savings of almost 63%! – and to be just in time for when the situation hopefully gets better for your next holiday!

Not sure which cards you should be using for your income tax payments? Check out our list of the most popular and best mile credit cards and cash-back cards for your CardUp payments!

If you want to find out how much miles or cashback you can earn by shifting your income tax payments onto CardUp, try calculating it using CardUp's rewards calculator


New call-to-action


Enjoy convenient online payment setup

CardUp also gives you the convenience of making your payment directly to the tax authorities online, unlike other credit card options that require manual form submission with the payment going back to your bank account, which means you still need to do an additional step of actually getting the payment into your tax account.

While setting up your tax payment, CardUp automatically inputs your tax number from your linked NRIC in your registered account, thus eliminating any chances of errors. To ensure that you pay the right amount, your payment is also only processed when you enter the exact outstanding amount in your Notice of Assessment.


Your payments are made securely and safely

Payment security is definitely one of CardUp’s biggest priorities. All payments are processed with bank-level security and your information is protected with 128-bit encryption and physical security in the same way that banks do. In addition, our payment gateway is PCI-DSS Compliant - CardUp does not store full card numbers and other sensitive details. Furthermore, all funds processed through CardUp are held in a safeguarded client money account and these funds, when being delivered to your recipients, are never retained for more than 3 hours.

CardUp has managed hundreds of millions worth of personal and business transactions for customers in the past few years, and is trusted by customers for their big payments.


How to pay your income tax with your credit card:

1. Sign up for a free CardUp account

If you're an existing CardUp user, log in to your account.

Log in or sign up for CardUp


2. Schedule a payment

Start scheduling your payment by selecting Income Tax payment type under the Taxes payment category


What would you like to pay on CardUp? View the list of payment types


3. Select your recipient

The details for the tax authorities are automatically filled up, with no further action required from you!

Who would you like to pay for? You may pay Income tax, property tax, or stamp duty to IRAS via CardUp


4. Set up your payment

Fill in details such as your payment amount and schedule.

You can set up your income tax payments on CardUp as either a one-off payment, or as monthly recurring payments. Ensure that you have set up an existing GIRO instalment plan with IRAS if you would like to make monthly income tax payments through CardUp. Find out more information here.

Note that tax payments can only be set up within a fixed period each month to allow the tax authorities sufficient time to process your payment. Select your card, enter a promo code (if any), and you're good to go!

Screenshot 2022-08-25 at 6.27.20 PM


5. Upload documents

Your payment reference number is automatically pulled from the NRIC number registered on your CardUp account. This prevents any erroneous payments to the wrong tax accounts not tied to your own NRIC.

Here, you are required to upload an up-to-date copy of your Statement of Account, showing your Name, NRIC, Outstanding balance and Date of outstanding balance for us to verify your payment.

Help us verify your payment on CardUp


6. Schedule, sit back and earn rewards

Look through the payments you've set up, click on 'Submit' and you're good to go!

The tax authorities will then receive your tax payment on the specified due date, with no need for you to notify them of this payment. 3 to 5 business days after the due date, you can log in to myTax Portal to check that the payment has been posted to your account.

Review your payment details before scheduling on CardUp


Use CardUp this tax season and experience the benefits first hand. Sign up for your free account here or contact us to find out more!


Leave a Comment