Get more out of your monthly expenses by paying your bills with these cashback and rewards credit cards.
Paying utility bills and mobile phone bills forms the standard fixture of our monthly expenditure – which you can use to your advantage. Since you already know how much you expect to spend every month, you can plan ahead to maximise cashback or rewards every time you charge a bill to a credit card.
Think of it as money going out, but you’re earning something in return each time. Here are six credit cards in Singapore that help you maximise your spend on monthly utility and telco bills at the same time.
Best Credit Cards For Paying Utility Bills
Min. spend needed
Monthly cashback cap
Singtel, M1, StarHub, Circles.Life and MyRepublic.
S$800/month (less gets flat 0.3% cashback)
Get up to 6% rebate your Singapore Power Utilities bills when you qualify for your quarterly cash rebate
S$500/month (min. 5 card transactions) for the quarter
S$50/S$100/S$300 per quarter for S$500/S$1,000/S$2,000 monthly spend
1.5% or 2.5%
1.5% cashback on recurring telco bills if monthly spending. is below S$2,000.
Power service providers like Geneco, iSwitch, Union Power, SP Group (including Best Electricity, Ohm Energy and Tuas Power) and StarHub
Up to 8%
Starhub, Singtel, M1 Limited, Circles.Life, MyRepublic, Netflix
S$800/month to qualify for 8% cashback
1. OCBC 365 Credit Card
The OCBC 365 Credit Card gives you a decent 3% rebate which covers multiple telcos – Singtel, StarHub, M1, Circles.Life and MyRepublic – as well as power service providers such as Senoko Energy, Sembcorp Power, and Geneco. But you’ll need to charge a minimum of S$800 per month on your card to qualify. Otherwise, the cashback rate falls to a measly 0.3%. S$800 a month is achievable by consolidating all your utility and telco bills on this card.
Note the rebate is capped at S$80 a month but this still comes up to a hefty S$960 per year. Besides monthly utility bills, also earn 6% rebates on dining and online delivery, 3% on grocery shopping and online groceries and 5% on fuel charges (both local and overseas spending apply for dining, grocery shopping, and fuel charges).
SingSaver promotion: Get S$100 GrabFood vouchers upon approval for new OCBC credit cardholders when you apply for the OCBC 365 credit card by 30 September 2020. Existing OCBC credit cardholders that apply for this card will still receive $50 GrabFood vouchers if you are the first 1,000 existing OCBC Cardholders to spend at least $300 on the card.
End your September with a bang! Happening between 24 and 27 September 2020 only, you can get your hands a slew of cash rewards, Dyson products, and Apple AirPods, just by applying for selected credit cards, loans or insurance plans from the likes of Citibank, Standard Chartered, UOB and AXA.
You’ll have to be quick about it as we’re only giving out these rewards to the first 75 applicants each day! Get the full Flash Deals details here.
2. UOB One Card
The UOB One Card gives you one of the highest utility rebate at 3.3%, with a relatively low minimum spend of S$500 per month. But note that the rebates are only awarded quarterly and you’ll have to clock a minimum of 5 transactions for each statement month. You will also get an additional 1% rebate (up to 6% rebate) on your Singapore Power Utilities bills when you qualify for your quarterly cash rebate.
You could gun for the next minimum spending tiers of S$1,000 and S$2,000 per month to wrench higher cashback cap of S$100 and S$300 respectively. For example, you earn yourself 5% rebate when you spend at least S$2,000 a month.
Enjoy an additional 5% rebate on Dairy Farm Group Singapore merchants (e.g. Cold Storage, Giant, Guardian, 7-Eleven), Grab (excludes mobile wallet top-ups) and UOB Travel transactions when you qualify for your quarterly cash rebate.
SingSaver Promotion: Get $80 cash via PayNow when you apply as a new to UOB credit cardholders. Existing UOB cardholders can get $20 GrabFood vouchers. [SingSaver Flash Deals] On top of that, score a Dyson Pure Cool Me purifying fan (worth S$499) by being the first 65 each day to apply! This promotion is valid from 24 – 27 September 2020. Details here.
3. HSBC Advance Credit Card
An all-purpose cashback credit card, the HSBC Advance grants 1.5% on recurring utility bills if your monthly spend is below S$2,000. If you hit above S$2,000, it goes up to 2.5%. With no restrictions on which telcos or Internet Service Providers to subscribe to in Singapore, the HSBC Advance Credit Card gives you lots of flexibility.
On top of that, existing Advance banking customers enjoy an additional 1% in cashback rate, and an increased cashback cap of S$120 per month, up from S$70 for the regulars.
4. POSB Everyday Card
The POSB Everyday Card earns you 1% rebate on recurring utility bills from StarHub, Geneco, iSwitch, and Union Power, as well as the SP Group (Best Electricity, Ohm Energy and Tuas Power are engaging SP Group for its billing services). Starhub users will also get 1% cash rebate on your recurring mobile/ digital cable/ broadband bills and in-store purchases.
The big plus about this card? No minimum monthly spend required. But take note no cash rebates will be awarded beyond the maximum spend of $100 per month.
DBS Promotion: Get $200 cashback when you apply and spend on one of these five DBS/POSB credit cards: DBS Altitude (Visa), DBS Live Fresh, DBS Woman’s World Card, DBS Woman’s Card or POSB Everyday card. You can get up to $250 cashback if you apply for the DBS Altitude (Amex).
Simply enter promo code DBSFLASH in your application to qualify. Promotion is valid from 21 September to 5 October 2020. You’ll have to be a new DBS/POSB credit cardholder and make a qualifying transaction within 30 days of card approval date to be eligible. Terms and conditions apply.
If you’re not a new DBS/POSB credit cardholder, consider these promotions instead.
5. Maybank Family & Friends Card
5% cashback for S500 minimum monthly spend—that’s how low a hurdle you’d have to cross for such rates. This versatile card can go even higher: 8% cashback for S$800 minimum monthly spend. One thing that sets this card apart from the others is that you enjoy it on online TV streaming on top of the usual internet and telco bills. You won’t do your family and friends wrong if they, too, want to cut back on utilities while Netflix-ing in peace.
SingSaver promotion for Maybank credit cards: From now till 30 September 2020, when you apply for a Maybank credit card through SingSaver, you will receive $30 cash via PayNow and $100 in cashback (for new Maybank cardholders only). To earn this reward, you will have to spend a minimum of $250 qualifying spend each month for two consecutive months upon card approval. More details here.
[NEW!] Also happening till 30 September 2020, you’ll get rewarded 2,000 TREATS points when you perform your first Pay with Points with the Maybank app. Valid for the first 3,000 Maybank cardholders.
6. Standard Chartered Unlimited Cashback Credit Card
Like its slogan, “the card that lets you live without limits”, the Standard Chartered Unlimited Cashback Credit Card truly lives up to its name.
This card certainly makes life simpler (and cheaper): earn 1.5% rebate on all expenditure, period. No minimum spend required. No restriction on telco or power service provider you’re signed up to.
Other perks include generous discounts on a wide range of dining, travel, hotel bookings and entertainment. We also wrote about this card as being a simple, fuss-free cash back card.
Standard Chartered’s instant credit card approval is also a great perk – receive your digital card instantly when you apply with MyInfo.
SingSaver Promotion: Get $160 cash via PayNow!
Get $160 cash via PayNow, when you apply for the Standard Chartered Unlimited or Standard Chartered Rewards+ credit card! To be eligible for this promotion, you’ll have to be a new Standard Chartered Bank cardholder and activate your card within the first 30 days of card approval. If you already have a Standard Chartered credit card, you’ll be rewarded with $30 GrabFood vouchers when you sign up.
[SingSaver Flash Deals] On top of that, score a Dyson Pure Cool Me purifying fan (worth S$499) by being the first 65 each day to apply! This promotion is valid from 24 – 27 September 2020. Details here.
When choosing the right credit card for you, be holistic. Don’t just consider the card’s rebate rate – also ask yourself questions like:
Can you meet the minimum monthly spend?
How likely are you to hit the rebate cap?
Does the card provide access to other retail perks and discounts?
For example, if you’re splitting your expenses between cards and are unlikely to reach the minimum S$800/month spend for the OCBC 365 Credit Card, you may be better off with the Maybank Family & Friends Card or the Standard Chartered Unlimited Cashback Credit Card, despite their lower rebate rates.
Similarly, the high 3.3% rebate for the UOB One Card is only good till its S$50 cap per quarter. This means you’ll have to be prepared to spend a much higher amount each month to earn up to S$300 per quarter.
Compare the best credit cards for a variety of needs with SingSaver and enjoy exclusive sign-up bonuses worth up to S$250 (and that’s on top of the banks’ own bonuses!).
Read these next:
6 Credit Cards You Can Use As Your EZ-Link Card
Best Grocery Credit Cards in Singapore 2020
6 Credit Cards That Give Free Access To Airport Lounges
Best Women’s Credit Cards in Singapore 2020
Cashback or Rewards Credit Cards: Which is Better?
By Zann Huang
A recipient of the Magnum Foundation Emergency Grant in 2014, my photos from the Middle East and Asia have also been published in Time Magazine and Le Monde etc. My written work ranges from travel, politics (Mid-East) to the environment and finance-related matters.
The post Best Credit Cards for Paying Utility Bills in Singapore appeared first on SingSaver Blog - We Compare, You Save.