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120323 Credit Card Rewards For Paying Your Mortgages, Insurance Premiums, Bills & More

How to Get Credit Card Rewards For Paying Your Mortgages, Insurance Premiums, Bills & More (2023)

profileJoel Koh

Here at Seedly, we are all about helping you make smarter financial decisions.

One such decision you can make is to get a credit card and use it responsibly to earn cashback, miles, cashback and rewards points from your regular payments.

But, most credit cards do not offer rewards for paying your regular expenses like rent, insurance, income tax, season parking, condominium maintenance fees, etc.

Here is where services from companies like CardUp, ipaymy, RentHero and banks like Citibank, Standard Chartered and UOB come in.

Generally, these services make these payments on your behalf using bank transfer and charge the payments plus an admin fee of ~1.75% – 2.70% of the transaction amount) to your credit card.

For example, let’s say your rent this month costs $1,000. If you use a service like CardUp (2.60% for rental payments), CardUp will first pay your landlord the $1,000 and then charge $1,026 to your credit card.

This way, you can enjoy cashback, miles or reward points on these payments that credit card companies typically exclude. But you will need to calculate if this makes sense for you.

Source: Giphy

Your payee does not need to sign up for these services or know that you are using them.

Sounds good?

Let’s compare these services, and we’ll which one will be the best for your needs!


TL;DR: Best Credit Card for Insurance Payment, Mortgage, Tax and More (2023) — CardUp vs Citi PayAll vs ipaymy vs RentHero vs SC EasyBill vs UOB Payment Facility

 CardUpCiti PayAllipaymyRentHeroStandard Chartered SC EasyBillUOB Payment Facility
Admin Fee (Per Transaction)*2.6%Varies (Fee will be disclosed during application)

Was 2% previously
1.99% - 3.30%1.75%Up to 1.9%1.90% - 2.30%
Admin Fee (Promo)From 1.5%NA1.79% for recurring paymentsNANANA
Supported PaymentsRental payments (to a landlord)
Rental deposits (to a landlord)
Condominium maintenance fees [to an Management Corporation Strata Title (MCST) or property developer]
Tuition/School fees (to Singapore based institutions or education centres)
Insurance Premiums
Income/Property Tax
Stamp Duty
Season Parking
Car Loans
Mortgage Loans
Electricity bills
Helper (foreign domestic workers) Salary
Suppliers (applicable to CardUp for Business)
Payroll (applicable to CardUp for Business)
Corporate Tax (applicable to CardUp for Business).
Tax (Income Tax, Property Tax, Other Tax Types and Composition Fees to IRAS)
Insurance premium payments
Rent and Rental Deposits
School fees, Enrichment fees, Tuition fees, Course Fees
Renovations
Wedding Expenses
Utilities
Storage
Donation
Charity Payment
Parking and Transport Fee
Maintenance Fees
Domestic Helper Service Fee
Condominium Management Fee
Electricity Bill
Rent
Rent Deposit
Condo Fees (MCST)
Tuition/School Fees
Childcare Fees
Insurance
Income Tax
Property Tax
Corporate Tax
Goods and Service Tax (GST)
Mortgage
Stamp Duty
Car Loans
Parking
Utilities
Renovations Expenses
Various other supplier invoices
Payroll
Director’s Fees
Invoices for goods or services rendered
RentMortgage payments
Income tax
Property tax
Stamp duty, GST, corporate tax
Rental payments or deposits
Condominium maintenance fee
School or tuition fees
Insurance premium payments
Car loans
Electricity bills
Miscellaneous expenses
Monthly bills
Rent
Taxes
Big one-off purchases
Supported Credit Card TypesSelected credit cards from:

AMEX
Mastercard
Visa
Citi Rewards Card
Citi Lazada Card
Citi Cash Back Card
Citi Cash Back+ Card
Citi PremierMiles Card
Citi Prestige Card
Citi ULTIMA Card (by invitation only).
Selected credit cards from:

AMEX
Mastercard
Visa
UnionPay
DBS Altitude Visa SignatureAll Standard Chartered cardsUOB Reserve Credit Card
UOB Privilege Banking Credit Card
UOB Visa Infinite Credit Card
UOB Visa Infinite Metal Credit Card
UOB PRVI Miles Card (American
Express/Mastercard/Visa)
KrisFlyer UOB Credit Card
Supports Recurring Payments?YesYesYesYesNoYes
Eligible RewardsCashback
Miles
Rewards points
Citi ThankYou points
Cashback
MIles
Cashback
Miles
Rewards points
MilesCashback
360° Rewards Points
Bonus Interest
UNI$ (UNI$2.5 for every S$5 approved)
Miles (KrisFlyer UOB Credit card only)

*Admin fees stated here are standard fees.

Do note that we will look at the personal/individual and not the business version of these services.

Click to Teleport


CardUp Review

When CardUp was first launched in 2016, it generated lots of buzz because it gave consumers a new way to pay for their insurance premiums and still be able to earn credit card rewards.

Here is a quick guide to how CardUp works:

1) Individuals sign up for an account on CardUp to pay for their monthly bills (e.g. landlords, insurance firms or tax bodies)

2) CardUp charges the consumer’s chosen credit card for the payment amount, along with a processing fee

3) Individuals get to enjoy credit card rewards including air miles, cashback or rewards points.

CardUp Categories

By doing so, we are not restricted by the exclusions of the banks when it comes to payments like:

  • Rental payments (to a landlord)
  • Rental deposits (to a landlord)
  • Condominium maintenance fees [to a Management Corporation Strata Title (MCST) or property developer]
  • Tuition/School fees (to Singapore based institutions or education centres)
  • Insurance Premiums
  • Income/Property Tax
  • Stamp Duty
  • Season Parking
  • Car Loans
  • Mortgage Loans
  • Electricity bills
  • Helper (foreign domestic workers) Salary
  • Suppliers (applicable to CardUp for Business)
  • Payroll (applicable to CardUp for Business)
  • Corporate Tax (applicable to CardUp for Business).

Also, if your payments don’t fall under any of the above-listed categories, do contact Cardup with information on the type of payment you’d like to make and include a supporting document, such as an invoice, and the company will review to see if they can add it.

CardUp Credit Cards

CardUp accepts the following Singapore-issued cards, which will give you miles and cashback for payments such as mortgage loans, car loans, insurance premiums and taxes.

CardUp Miles Cards

  • American Express® Singapore Airlines KrisFlyer Credit Card
  • American Express® Singapore Airlines KrisFlyer Ascend Credit Card
  • American Express® Singapore Airlines PPS Club Credit Card
  • American Express® Singapore Airlines Solitaire PPS Club Credit Card
  • Bank of China Elite Miles World Mastercard
  • Citi PremierMiles Visa Card
  • Citi PremierMiles American Express Card
  • Citi PremierMiles Mastercard
  • Citi Prestige Card
  • Citi ULTIMA Card
  • DBS Altitude Visa Signature Card
  • DBS Altitude American Express Card
  • DBS Insignia Visa Infinite Card
  • DBS Treasures Black Elite American Express Card
  • DBS Vantage Card
  • OCBC Voyage Card
  • OCBC Voyage Premier / PPC / BOS Card
  • OCBC 90ºN Card
  • Standard Chartered Priority Banking Visa Infinite Credit Card
  • Standard Chartered Visa Infinite Credit Card
  • Standard Chartered Visa Infinite X Credit Card
  • UOB PRVI Miles Mastercard
  • UOB PRVI Miles Visa Card
  • UOB PRVI Miles American Express Card
  • UOB Reserve Card
  • UOB Visa Infinite Metal Card
  • UOB Visa Signature Card
  • KrisFlyer UOB Credit Card.

CardUp Cashback Cards

  • American Express® True Cashback Card
  • Bank of China Family Card
  • Citi Cash Back+ Card
  • Crypto.com Visa Cards (Across all tiers as CRO Rewards)
  • Maybank Platinum Visa Card
  • Standard Chartered MANHATTAN Platinum/World Mastercard
  • Standard Chartered Unlimited Cashback Credit Card
  • UOB Absolute Cashback Card.

CardUp Bonus Exclusions

Do note that CardUp spend is not eligible for online spend bonuses and 10X rewards on these cards:

  • Citi Rewards Card
  • DBS Woman’s World Card
  • DBS Live Fresh Card
  • DBS Vantage Card
  • HSBC Advance Credit Card
  • HSBC Revolution Credit Card
  • OCBC 365 Credit Card
  • OCBC FRANK Credit Card
  • OCBC Titanium Rewards Card
  • UOB EVOL Card
  • UOB Lady’s Card
  • UOB Preferred Platinum Visa Card.

CardUp Pricing & Promos

As for fees, CardUp currently charges a standard 2.6% CardUp fee for payments using domestic credit cards.

Also, applicable limited-time promo codes can be applied for lowered fees:

Source: CardUp

This means you can use your favourite cashback or miles credit cards and earn rewards on these payments!

Note: Consider CardUp’s processing fee and evaluate whether your rewards scheme ultimately benefits you

Citi PayAll Review

Citi PayAll is another strong contender for bill payments. For a small fee, you can earn miles, cashback or reward points on payments made via Citi PayAll using Citi credit cards.

Here are the bill types eligible for CityPayAll:

Citi PayAll Categories

  • Tax (Income Tax, Property Tax, Other Tax Types and Composition Fees to IRAS)
  • Insurance premium payments
  • Rent and Rental Deposits
  • School fees, Enrichment fees, Tuition fees, Course Fees
  • Renovations
  • Wedding Expenses
  • Utilities
  • Storage
  • Donation
  • Charity Payment
  • Parking and Transport Fee
  • Maintenance Fees
  • Domestic Helper Service Fee
  • Condominium Management Fee
  • Electricity Bill.

However, do note that: Citi PayAll excludes any:

Any loan/debt repayments such as but not limited to mortgage repayments, credit card payments and loans.

Any cryptocurrency related transactions, gambling and casino-related transactions or such other transactions that we may determine at our discretion.

The administrative fee for Citi PayAll used to be about 2% of the transaction amount. But now, this fee is a variable amount determined dynamically for each customer.

After keying in the transaction amount and recipient details, you will only see the fee.

Citi PayAll Promo

There are currently no Citi PayAll Promos.

Citi PayAll Cards

Eligible Citibank cards include:

  • Citi Rewards Card
  • Citi Lazada Card
  • Citi Cash Back Card
  • Citi Cash Back+ Card
  • Citi PremierMiles Card
  • Citi Prestige Card
  • Citi ULTIMA Card (by invitation only).

Do note that all Citi PayAll transactions are excluded from the minimum spend of $800 for the bonus cashback for the Citi Cash Back Card.

However, a limitation of CitiPayAll is that you can only use Citibank cards. The exclusion of mortgage repayments, credit card payments and loans do not help either.

Back to top

ipaymy Review

Next up, we have ipaymy,

The company allows you to pay the following bills:

  • Rent
  • Rent Deposit
  • Condo Fees (MCST)
  • Tuition/School Fees
  • Childcare Fees
  • Insurance
  • Income Tax*
  • Property Tax*
  • Corporate Tax*
  • Goods and Service Tax (GST)*
  • Mortgage
  • Stamp Duty
  • Car Loans
  • Parking
  • Utilities
  • Renovations Expenses
  • Various other supplier invoices
  • Payroll
  • Director’s Fees
  • Invoices for goods or services rendered^

*Tax payment service is currently available to Singapore and Australia users making payments with a Visa or Mastercard. ipaymy is actively working to extend this functionality to all regions.

^Do note that types of payments not accepted in this category include:

  • Sending money to yourself or for any purpose of cash advance to your personal or any associated business accounts.

  • Sending money to individuals (peer-to-peer payment)

  • For gambling and related activities

  • Payment towards a brokerage or investment account.

There’s also support for split payments, where you can spread your payments across multiple credit cards to optimise your credit card rewards and manage your credit limits.

ipaymy can be used be pay expenses domestically and abroad. Not to mention that you can use ipaymy to transfer money when you are overseas.

ipaymy Pricing

In terms of pricing, ipaymy charges administrative fees based on region, card type and scheduling period as follows:

Payment Region Fees
Payments made to Singapore Bank Accounts (SGD) Local Visa, Mastercard, or AMEX:
2.25%

 

Local UnionPay:
1.99%

 

International Visa, Mastercard, or UnionPay:
3.30%

Payments made to Malaysia Bank Accounts (RM) Local Visa or Mastercard:
2.25%

 

International Visa:
2.25%

Payments made to Hong Kong Bank Accounts (HKD) Local Visa or Mastercard:
2.8%

 

International Visa, or Mastercard:
3.5%

Payments made to Hong Kong Bank Accounts (USD) Local Visa or Mastercard:
2.6%

 

International Visa, or Mastercard:
3.5%

Payments made to Australia Bank Accounts (AUD) Local Visa or Mastercard:
1.2%

 

International Visa, or Mastercard:
3.3%

ipaymy Cryptocurrency Fee

In addition, ipaymy accepts the following Cryptocurrency coins Bitcoin, Tether, Ethereum, USD Coin and charges a fee of 0.80% for Crypotcurrency payments.

ipaymy Promotion

The company is also running a limited-time promotion for recurring payments.

Set up your payment as ‘recurring’ for a minimum of three payments in a series using a Singapore-issued Visa or UnionPay and enjoy a discounted fee of only 1.79%.

Terms and Conditions:

  1. The discount applies to domestic payments with Singapore-issued Visa or UnionPay cards

  2. To be eligible for the discount, a minimum of three payments must be scheduled in a cycle

  3. The first charge date must be on or before 5 February 2024

  4. The discount will no longer apply if any payment in the schedule is edited to be charged to a card that is not eligible for this promotion.

ipaymy Cards

According to ipaymy, the following cards should be eligible for rewards (cashback/miles/rewards points) when making payments on ipaymy.

But you should always check your card’s terms and conditions before making any payments using ipaymy.

ipaymy Eligible Miles Cards

  • AMEX Singapore Airlines KrisFlyer Credit Card

  • AMEX Singapore Airlines KrisFlyer Ascend Credit Card

  • AMEX Singapore Airlines KrisFlyer Gold Credit Card

  • AMEX Singapore Airlines PPS Club Credit Card

  • AMEX Singapore Airlines Solitaire PPS Credit Card

  • Bank of China Elite Miles World Mastercard

  • Citi PremierMiles Mastercard

  • Citi PremierMiles Visa Card

  • Citi Prestige Card

  • Citi ULTIMA Card

  • DBS Altitude Visa Signature Card

  • DBS Altitude AMEX Card

  • DBS Insignia Visa Infinite Card

  • DBS Treasures Black Elite AMEX Card

  • DBS Vantage Card

  • Standard Chartered Priority Banking Visa Infinite Credit Card

  • Standard Chartered Visa Infinite Credit Card

  • Standard Chartered Visa Infinite X Metal Credit Card

  • OCBC 90ºN Card

  • OCBC Voyage

  • KrisFlyer UOB Credit Card

  • UOB PRVI Miles World Mastercard

  • UOB PRVI Miles Visa Card

  • UOB Reserve Card

  • UOB Visa Infinite Metal Card

  • UOB Visa Infinite Metal Card.

ipaymy Eligible Cashback Cards

  • AMEX True Cashback Card

  • Bank of China Family Card

  • DBS Black AMEX Card

  • DBS Takashimaya AMEX Card

  • Maybank Platinum Visa Card

  • FRANK Credit Card

  • OCBC 365 Credit Card

  • Standard Chartered MANHATTAN Platinum/World Mastercard

  • Standard Chartered Spree Credit Card

  • Standard Chartered Unlimited Cashback Credit Card.

ipaymy Eligible Membership Cards

  • AMEX Platinum
  • AMEX Platinum Credit Card
  • AMEX Platinum Reserve Credit Card
  • AMEX Rewards Card
  • AMEX Gold Card
  • AMEX Personal Card
  • The Centurion Card.

However, the following cards are NOT eligible to earn any rewards (cashback/miles/rewards points) when making payments on ipaymy.

ipaymy Non-Eligible Miles Cards

  • Citi Rewards Card
  • DBS Woman’s Card
  • DBS Woman’s World Card
  • HSBC Revolution Credit Card
  • HSBC Visa Infinite Credit Card
  • OCBC Titanium Rewards Card
  • UOB Preferred Platinum Visa Card.

Non-Eligible Cashback Cards

  • CIMB Visa Signature
  • DBS Live Fresh Card
  • HSBC Advance Credit Card
  • HSBC Visa Platinum Credit Card
  • UOB EVOL.

This is one limitation of ipaymy you should be aware of.

Back to top

RentHero Review

Next up, we have RentHero.

Like the name suggests, you can use RentHero to pay rent and be rewarded with credit card miles.

RentHero Pricing + RentHero Promo

RentHero charges a flat administrative fee of 1.75% of the transaction amount for using RentHero.

There are also no promos available at the moment.

RentHero Categories

Currently, you can only use RentHero to pay your rent.

RentHero Cards

Currently, you can only use the DBS Altitude Visa Signature with RentHero.

At the moment, RentHero’s utility is quite limited as you can only pay rent and use one credit card with RentHero.

Back to top

Standard Chartered SC EasyBill Review

Similar to Citi PayAll, SC EasyBill is Standard Chartered’s take on the service that allows customers to pay bills to their credit cards and earn points after paying an administrative fee.

Besides insurance premiums, this includes payment for paying taxes, education, and monthly rentals.

SC Easy Bill Categories

Standard Chartered clients can earn 360° Rewards Points, cashback (based on the card used) or Bonus Interest (e.g. Bonus$aver credit cards) when they make eligible payments on:

  • Mortgage payments
  • Income tax
  • Property tax
  • Stamp duty, GST, corporate tax
  • Rental payments or deposits
  • Condominium maintenance fee
  • School or tuition fees
  • Insurance premium payments
  • Car loans
  • Electricity bills
  • Miscellaneous expenses.

But, you will need to pay an administrative fee of up to 1.9% to use SC EasyBill, of course, with the bank being known to offer different rates for different customers.

Standard Chartered has stated that:

The SC EasyBill fee is not a fixed amount and will vary according to the SC EasyBill facility chosen on the Online Application.
During the application of SC EasyBill, the fee will be reflected once the type of eligible payment (IRAS, Rental, Education or Insurance) is selected and prior to submitting the online application.

You will only be able to see the fee before submitting the online application for SC EasyBill once the type of eligible payment (IRAS, Rental, Education or Insurance) is selected.

SC EasyBill Cards

All principal and supplementary Standard Chartered cardholders can apply for SC EasyBill.

Here are some Standard Chartered cards you can consider:

However, note that you currently cannot make recurring payments with SC EasyBill and will have to use Standard Chartered cards.

This will be troublesome if you want to make recurring payments like your mortgage, insurance premiums, etc.

Back to top

UOB Payment Facility Review

Last but not least, we have the UOB Payment Facility.

UOB Payment Facility Pricing + UOB Payment Facility Promo

The UOB Payment Facility charges an administrative fee of 1.90% – 4.60% of the transaction amount.

Card TypeOne-time payment3-monthly instalments12-monthly instalments
UOB Reserve Credit Card1.90%
(1.70% till 31 Mar 23)
2.80%4.30%
UOB Privilege Banking Credit Card2.20%
(2.00% till 31 Mar 23)
3.00%4.50%
UOB Visa Infinite Credit Card2.20%
(2.00% till 31 Mar 23)
3.00%4.50%
UOB Visa Infinite Metal Credit Card2.20%
(2.00% till 31 Mar 23)
3.00%4.50%
UOB PRVI Miles American Express®, World Mastercard or Visa Card2.20%
(2.10% till 31 Mar 23)
3.10%4.60%
KrisFlyer UOB Credit Card2.30%
(2.10% till 31 Mar 23)
3.10%4.60%

There are also no promos available at the moment.

UOB Payment Facilities Categories

Regarding the types of payments available, you can pay everyday expenses like your monthly bills, rent or tax or even big one-off purchases using the UOB Payment Facility.

Once the bank has approved your transaction, you will receive a one-time administration fee, with the approved amount will be transferred to your designated bank account.

Every dollar approved will earn you UNI$2.5 for every S$5 approved (equivalent to one air mile for every dollar) or 5 KrisFlyer miles for every S$5 approved (applicable to KrisFlyer UOB Credit Card only).

You can check this payment via your UOB Credit Card statement.

UOB Payment Facility Cards

The UOB Payment Facility is available for the individual principal cardmembers holding these cards:

  • UOB Reserve Card
  • UOB Visa Infinite Metal Card
  • UOB Visa Infinite Card
  • UOB Privilege Banking Card
  • UOB PRVI Miles Card (AMEX, Mastercard or Visa)
  • KrisFlyer UOB Credit Card,

One downside of the UOB Payment Facility is that it only supports UOB cards. Also, the cards supported have high eligibility requirements.

For example, the UOB Reserve Card is invite-only, and to be eligible for this card, you must meet one of the following criteria:

  • Maintain at all times a minimum required monthly cash deposit and/or investment balance of $2,000,000 (or its equivalent in a foreign currency)
  • An annual income of at least $500,000
  • Spend over $200,000 with personal credit cards over the past 12 months
  • A private relationship with UOB or any other private bank
  • A high business or social profile.

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About Joel Koh
History student turned writer at Seedly. Before you ask, not a teacher. I hope to help people make better financial decisions and not let money control them.
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