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060721 cardup vs ipaymy vs RentHero vs Cit Pay All vs SC EasyBill vs UOB Payment Facility

How to Get Credit Card Rewards For Paying Your Insurance, Mortgage, Taxes & More

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 and from the regular payments, you need to be spending on.

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 Charted 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% – 2.7% 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 (1.79% for rental payments), CardUp will first pay your landlord the $1,000 and then charge $1,017.90 to your credit card.

This way, you are able to 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.

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

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


TL;DR: 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)1.75% - 2.6%Varies
(Fee will be disclosed during application)

Was 2% previously
1.79% - 2.25%1.75%Varies
(Fee will be disclosed during application)

Was 2% previously
1.9% - 2.7%
Supported PaymentsRental payments

Condominium maintenance fees

Tuition/School fees

Insurance Premiums

Income/Property Tax

Stamp Duty

Season Parking

Car Loans

Mortgage Loans

Electricity bills

Helper (foreign domestic workers) salary
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 Fees

Maintenance Fee

Domestic Helper Service Fee

Condominium Management Fee
Rent

Salaries

Invoices

Taxes (Income, Property, and GST)

Insurance (excluding NTUC Income)

School Fees

Condominium Management Fee

Renovations

Car loans

Property purchase (Stamp Duties)
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
UnionPay
Citi Rewards Card

Citi Lazada Card

Citi Cash Back Card

Citi Cash Back+

Citi PremierMiles Card

Citi Prestige Card
Citi ULTIMA Card (by invitation only)
Selected credit cards from:

Mastercard
Visa
UnionPay
Selected credit cards from:

Mastercard
Visa
All Standard Charted 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)
Supports Recurring Payments?YesYesYesYesNoYes
Eligible RewardsCashback
Miles
Rewards points
Citi ThankYou points
Cashback
MIles
Cashback
Miles
Rewards points
Cashback
Miles
Rewards points
360° reward points
Bonus interest
Cashback360° reward points
UNI$ (UNI$2.5 for every S$5 approved)
Miles

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


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 of 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.

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 most credit and debit cards issued in Singapore and overseas that are issued by the Visa, MasterCard, American Express and UnionPay networks from these financial banks.

Source: CardUp

But, do note that you will not be able to use American Express (AMEX) or Citibank cards for mortgage payments.

CardUp Pricing + CardUp Promos

As for fees, CardUp is currently charging anywhere from 1.75% – 2.6% for payments made via Cardup.

More specifically, Mastercard, Visa and UnionPay cards have administrative fees ranging from 1.75% – 2.25%.

Whereas for AMEX, administrative fees range from 2.4% – 2.6%.

Check out their pricing and promos here.

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

And in case you’re looking for a good cashback credit card with no minimum spend...

Note: Do consider CardUp’s processing fee and evaluate whether your rewards scheme is ultimately beneficial for you!

Citi PayAll Review

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

Here are the bill types to 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.

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 2% of the transaction amount. But now, this fee is now a variable amount that is determined dynamically for each customer.

You will only see the fee after you have keyed in the transaction amount and recipient details.

Citi PayAll Promo

Also, you can get to enjoy these rewards enjoy depending on whether you’re a new or existing Citi customer:

  • New and existing Citi PayAll customers: Enjoy 2.5 miles per $1 spent on all your Citi PayAll transactions from now till 31 Aug 2021 up to the first $120,000 eligible spend.
  • New Citi PayAll customers: Enjoy $50 cashback with a minimum of one Citi PayAll transaction made from now till 31 Aug 2021.

Citi PayAll Cards

Eligible Citibank cards would 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.

ipaymy Review

Next up we have ipaymy, which offers a similar service to CardUp as it allows you to pay rent, insurance, education expenses, tax, and more with your preferred credit card.

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 Pricing + ipaymy Promo

Source: ipaymy

In terms of pricing, ipaymy charges administrative fees of 1.79% to 2.25% for Visa and Mastercards.

As for UnionPay cards, you get charged a 1.99% administrative fee.

The company is also running a limited-time promotion where you will only pay 1.75% for tax payments and a 1.89% administrative fee for other scheduled payments exclusive or rent.

Not to mention a partnership with Flex card to provide cash flow solutions to businesses with fees of 1.25%.

ipaymy Categories

  • Rent
  • Salaries
  • Invoices
  • Taxes (Income, Property, and GST)
  • Insurance (excluding NTUC Income)
  • School Fees
  • Condominium Management Fee
  • Renovations
  • Car loans
  • Property purchase (Stamp Duties).

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

  • 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 Insignia Visa Infinite Card
  • DBS Treasures Black Elite 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

  • Bank of China Family 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
  • UOB One 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 YOLO.

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

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.

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 for 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 to use SC EasyBill of course. The fee used to be 2% of the transaction amount for SC EasyBill.

But currently, the SC EasyBill fee has become a variable amount that will differ vary according to the SC EasyBill facility chosen on the online application.

You will only be able to see the fee prior to 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 Charted cards you can consider.

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

I would think that this will be quite troublesome if you want to make recurring payments like your mortgage, insurance premiums etc.

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% – 2.70% of the transaction amount.

Card TypeOne-time payment3-monthly instalments12-monthly instalments
UOB Reserve Credit Card1.90%2.10%2.60%
UOB Privilege Banking Credit Card2.00%2.15%2.65%
UOB Visa Infinite Credit Card2.00%2.15%2.65%
UOB Visa Infinite Metal Credit Card2.00%2.15%2.65%
UOB PRVI Miles American Express®, World Mastercard or Visa Card2.00%2.20%2.70%

There are also no promos available at the moment.

UOB Payment Facilities Categories

In terms of 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.

You will be able to check this payment via your UOB Credit Card statement.

Also, you will get rewarded as every $5 approved via this scheme will earn you UNI$2.50. which is roughly equivalent to one air mile for every dollar.

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.

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 in order to be eligible for this card, you must meet one of the following criteria:

  • At least $2 million in deposit in UOB account or any other private bank
  • 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.
You can contribute your thoughts like Joel Koh here.

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