best cards for insurance

Best Cards For Insurance Payments

Overview:

Managing finances and bills can seem like a never-ending task. However, with the process of paying your insurance using cards, you could simplify your payments and get worthwhile benefits of cashback or miles in the process! 

There are two methods:

  1. Direct Payment
  2. Indirect Payment

1. Direct Payment via AXS Bills

I shared about the Chocolate Visa Debit Card in this Youtube video below.

For avoidance of doubt, you will not be able to use this card to pay for loans or credit card bills via AXS to earn miles.

Chocolate Visa Debit Card

Earn up to 2 miles per dollar on almost everything, including Insurance, Charity Donations & Hospital Bills

2. Indirect Payment – Use CardUp to Earn Rewards

Even though you should always use the Choc Visa Debit Card first, you can only spend up to S$1,000 per calendar month to earn 2 miles per dollar. This is where we need this method.

As almost all credit cards exclude insurance payments to be eligible for any cashback or miles, or insurance providers do not accept credit card payments, there are ways to earn some rewards indirectly.

CardUp/iPayMy, a third-party service, is one such service that allows you to pay insurance (except NTUC income) with your credit card and earn rewards like cashback or miles by paying a small fee.

Who is this for:

    • Those who want to claim business class flights because it will not worth it for economy flights

Here’s how it works:

    • CardUp charges your credit card for the tax amount + a fee.
    • They handle the bank transfer to the company’s business account for you.

 

Sample Computation:

Say, you pay for a S$1,000 transaction, if there is a 2% admin fee charged by Cardup, and you are using the OCBC 90N Visa with earn rate of 1.3 miles per dollar.

To get the cost per mile:

(amount x admin fee) / [amount x (1 + admin fee) x earn rate]

S$1,000 x 0.02 = S$20 service fee

S$1,000 x (1+0.02) x 1.3 miles per dollar = 1,326 miles

= 20/1,326 = 0.015 cost per mile

 

You will be getting 1,326 miles with a S$20 service fee payment, on top of your original S$1,000 transaction.

Beyond 1.50 cents per mile, it might not be worth using Cardup, in my humble opinion.

 

How to maximise your rewards as a first time user:

Maximise your first transaction with these promo codes:

For example, if your transaction is S$3,000, break the payment into two via each platform.

  1. Cardup: Use IJTLFREE for S$30 off your first payment (optimal payment: S$1154)
  2. iPayMy: Sign up with www.lobangsis.com/ipaymy for an account to get S$30 off (optimal payment: S$1,285)

Afterwhich, you can leverage on the existing time-sensitive promotions which i will share in my telegram channel if there is a good deal.

UOB PRVI Card

Earn 1.4 miles per dollar on local spend and up to 3 miles per dollar on foreign currency spend

4 Priority Pass visits per calendar year

Citi Prestige Card

Earn 1.3 miles per dollar on local spend and 2 miles per dollar on foreign currency spend

Unlimited Priority Pass visits + one guest per membership year

DBS Vantage Card

Earn 1.5 miles per dollar (or 1.5% cashback) on local spend, 2.2 miles per dollar (or 2.2% cashback) on foreign currency spend

10 Priority Pass visits per membership year

DBS Altitude Card

Earn 1.3 miles per dollar on local spend and 2.2 miles per dollar on foreign currency spend

2 Priority Pass visits per membership year (Visa version only)

Citi PremierMiles Card

Earn 1.2 miles per dollar on local spend and 2.2 miles per dollar on foreign currency spend

2 Priority Pass visits per calendar year

OCBC 90N Card

Earn 1.3 miles per dollar on local spend and 2.1 miles per dollar on foreign currency spend

How to pay your insurance with your credit card:

  1. Sign Up for an account

2. Schedule a payment by selecting Insurance category

3. Select the recipient, you have two options:

  • pre-loaded providers – if your insurance provider is on the list, click them directly
  • add new recipient – if your insurance provider is not liste

4. Fill out details such as payment amount, choose the card and select “Standard payment”

5. Make a monthly recurring payment or one-time payment.

6. Key in your policy reference number, enter promo code below and click “Continue

For new users, use IJTLFREE for S$30 off your first payment to maximise your rewards before using the below codes.

7. Submit your documents to verify payment

After all that, you’re good to go!

*Some photos and Information are from cardup.co

Final Thoughts:

You should definitely get the Chocolate Visa Debit Card for this first. And whatever is left over, you can use Cardup’s new user promotions and earn miles.

If you are a miles chaser, you can go for the UOB Priv Miles Card via CardUp because this is an entry level miles card with waivable annual fee with the lowest cost per mile.

💳 Credit cards change their T&Cs every so often and it is difficult to stay updated. That’s why I created a Telegram Broadcast where you can receive timely bite-sized updates to get the most out of your spending.

💡 We believe in always paying our credit card bills on time and in full. It is only by doing that, can we fully maximise our credit card benefits.

Purchases made through links in this article may generate an affiliate commission that helps keep this site running. Found this post useful? Subscribe to our Telegram Channel for more updates!

lobangsis

Audz, your lobang sis shares personal finance to achieve happiness, prosperity and progress for us all.

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HSBC Advance

Get Dyson Supersonic™ or Sony Camera (ZV-1F) or Apple iPad 9th 10.2" WiFi 64GB or Apple Watch SE (GEN 2) GPS 40mm + Stryv - Pro Styler Bundle or S$199 + S$200 Shopee Voucher when you spend S$800 by the end of the following calendar month + provide marketing consent

Valid till: March 31, 2025

HSBC Revolution

Get Dyson Supersonic™ or Apple iPad 9th 10.2" WiFi 64GB or Dyson AM07 or Apple Watch SE (GEN 2) GPS 40mm + Stryv - Pro Styler Bundle or S$199 + S$200 Shopee Voucher when you spend S$800 by the end of the following calendar month + provide marketing consent.

Valid till: March 31, 2025

HSBC TravelOne

Get Dyson Supersonic™ or Apple iPad 9th 10.2" WiFi 64GB or Dyson AM07 or Apple Watch SE (GEN 2) GPS 40mm + Stryv - Pro Styler Bundle or S$199 + S$200 Shopee Voucher when you spend S$800 by the end of the following calendar month + provide marketing consent + pay annual fee

Valid till: March 31, 2025

SC Journey

Get Samsonite Straren Spinner 67/24 or 12K Max Miles or S$250 Shopee Voucher or S$180 Cash via PayNow when you spend a minimum of S$500 within 30 days of card approval.

Valid till: March 31, 2025

Maybank Family & Friends

Get Samsonite ENOW SPINNER 69/25 EXP or S$200 cashback when spend S$1,300 within the first two months of card approval. Or, apply for CreditAble and spend S$1,200 within first two months of card approval.

Valid till: May 1, 2025

Citi Rewards

Get 2X Hinomi Q1 Ergonomic Office Chair or Apple iPad 9th 10.2" WiFi 64GB or S$420 Shopee Vouchers or S$370 Cash via PayNow when you spend S$500 within 30 days of card approval

Valid till: March 31, 2025

SC Simply Cash

Get Apple iPad 9th 10.2" WiFi 64GB or Apple Watch SE (GEN 2) GPS + Cellular 44mm or S$450 Shopee Voucher or S$400 Cash via PayNow when you spend a minimum of S$500 within 30 days of card approval

Valid till: March 31, 2025

DBS Altitude

For AMEX, up to 38,000 miles (Promo Code: ALT38) or up to 28,000 miles with annual fee waiver (Code: ALTW28) when you spend S$800 within 60 days from card approval date

Valid till: April 30, 2025

Valid for new-to-bank credit cardholders or does not own any of the bank’s credit cards in the last 12 months, unless otherwise stated.

Gift confirmation are usually sent after you have completed rewards redemption form (sent to your email) & fulfilled qualifying spend within stipulated period.

Chocolate Finance

Currently, there is no sign-up bonus, but you can earn 250 Max Miles when you register for a HeyMax account.

Chocolate Finance

  • Earn 2 Max Miles per dollar on the first S$1,000 spent each month
  • Earn 0.4 Max Miles per S$1 after S$1,000 spend
  • Earn miles on insurance payments, charity donations, utilities, education fees, and AXS Bill payments
  • Zero foreign exchange fees — Visa’s exchange rates are passed directly to you with no hidden fees or markups

UOB PRVI Card

  • Receive 20,000 miles when you sms PMAF last 4 alphanumeric of NRIC/passport registered with UOB to 77862 to register by 30 April 2025
  • Receive 26,000 miles if you are among the first 50 participants who spends min. S$2,000 per month for 2 consecutive months from card approval date AND with first year annual fee payment of S$261.60 (inclusive of 9% GST)
  • Receive 5,600 to 12,000 miles when you spend a minimum of S$2,000 per month for 2 consecutive months. (Based on an Earn rate of 1.4 miles per dollar for local transactions and up to 3 miles per dollar for overseas spend)
  • Valid until 31 March 2025
  • Terms and conditions here

UOB PRVI Card

  • Earn 1.4 miles per dollar for local spending
  • Earn up to 3 miles per dollar for overseas spending (including online shopping and overseas websites)
    • 3 miles per dollar on selected currencies:
      • Malaysian Ringgit
      • Indonesian Rupiah
      • Thai Baht
      • Vietnamese Dong
    • 2.4 miles per dollar on other currencies

Citi Prestige Card

Option 1: Direct Bank Promotion – Higher Qualifying Spend

    • Receive 125,000 ThankYou Points in Welcome Gift when you pay annual fee upon card approval & spend S$2,000 in the first 2 months of card approval
    • Read Terms and Conditions here
    • Valid until 31 May 2025
    • Eligible for new main Citi Prestige Card members (if you hold other Citibank cards but have not held a Citi Prestige card over the last 12 months, you are considered new to Citi Prestige)2X Samsonite Straren Spinner 67/24 (worth S$1,200) [pair reward option for Valentine’s day]

     

    Option 2: Singsaver – Lower Qualifying Spend

      • Get 2X Samsonite Straren Spinner 67/24 (worth S$1,200) or Apple iPad 9th 10.2″” WiFi 64GB (worth S$479) or S$450 Shopee Vouchers or S$400 Cash via PayNow upon activating and spending a min. S$500 within 30 days of card approval
      • Valid until 31 March 2025
      • Promotion is valid for new to bank credit card holders
      • Read Terms and Conditions here
      • Must fulfill spending requirement to receive gift confirmation
      • Remember to check for SingSaver email to secure your rewards after you have applied!

        Citi Prestige Card

        • Earn up to 2 miles per dollar (5 Citi ThankYou Points) spend overseas and 1.3 miles per dollar (3.25 Citi ThankYou Points) locally. You can also access exclusive benefits such as 4th night complimentary night stay, unlimited Priority Pass visits + one guest per membership year, 6 complimentary golf games, and dining experiences. The earn rate is enhanced with bonus ThankYou Points when you hold a Citi bank account for a period of time.
        • Points has no cap and expiry

         

        Annual Fee

        S$545 (Non-Waivable)

         

        Income Requirement

        S$120,000 (locals/PRs & foreigners)

         

        Points Expiry

        ThankYou points do not expire

         
        Transfer Partners
        • Singapore Airlines, Flying Blue, British Airways, Thai Royal Orchid, Etihad, Asia Miles, EVA Air, IHG, Qatar Airways, Turkish Airlines, Qantas

         

        Know what this card is best for:

         

        Terms & Conditions

        Full Review

        DBS Vantage

        • Receive up to 85,000 miles when you spend S$4,000 + pay annual fee within 30 days of card approval to be eligible for reward
          • Pay the annual fee of S$599,50 (inclusive of GST) to receive 25,000 miles
          • Spend S$4,000 to receive 60,000 miles
        • Promotion is valid for new and existing DBS credit cardmember
        • Promotion is valid until 30 April 2025
        • Read Terms and Conditions here

        DBS Vantage Card

        • Earn 1.5 miles or 1.5% cashback per dollar; 3.75 DBS Points for every S$5 spent locally, such as groceries, shopping and more  and 2.2 miles or 2.2% cashback per dollar; 5.5 DBS Points for every S$5 spent on overseas purchases in foreign currency
        • This comes with ten (10) free airport lounge visits per membership year
        • This is also best used with CardUp to pay for expenses that typically don’t earn miles, you basically pay a service fee to charge those payments to your DBS Vantage card and accumulate rewards. This is similar to “buying” miles.

         

        Annual Fee

        S$599.50 (incl. of GST)

        • The first year’s fee is non-waivable. Subsequent years’ fees can be waived if cardholders spend at least S$60,000 per membership year.

         

        Income Requirement

        S$120,000 (locals/PRs & foreigners)

         

        When is Points Credited

        This usually credits when the transaction posted, usually takes 24 hrs or in some, it could take 2-3 days.

         

        Know what this card is best for:

         

        Terms & Conditions

        Full Review

        DBS Altitude Card

        AMEX:

        • Up to 38,000 miles with annual fee payment (Promo Code: ALT38)
        • Up to 28,000 miles with annual fee waiver (Promo Code: ALTW28) (I would recommend this!)
        • Must spend S$800 within 60 days from card approval date
        • Valid for New DBS/POSB credit cardmembers only
        • Not stackable with other DBS/POSB offers
        • Valid until 30 April 2025
        • Must fulfill spending requirement to receive gift confirmation
        • Read Terms and Conditions here

        DBS Altitude Card

        • Earn 1.3 miles per dollar (3.25 DBS Points per S$5) spent locally, including bus and train rides and 2.2 miles per dollar (5.5 DBS Points per S$5) spent on overseas purchases in foreign currency with no minimum monthly spending required and no maximum spending cap
        • This comes with

          two complimentary lounge passes per 12-month membership period

         

        Annual Fee
        S$196.20 (inclusive of GST), first year waived

         

        Income Requirement
        S$30,000 (locals/PRs); S$45,000 (foreigners)

         

         

        Terms & Conditions

        Full Review

        Citi PremierMiles Card

        Option 1: Direct Bank Promotion

            • Receive 8,000 bonus Citi Miles (with no annual fee paid) or 30,000 bonus Citi Miles (with annual fee paid) when you spend S$800 in the first 2 months of card approval.
            • Valid til 31 July 2025
            • Read Terms and Conditions here

            Option 2: Singsaver Promotion

              • Get 2X Samsonite Straren Spinner 67/24 (worth S$1,200) or Apple iPad 9th 10.2″” WiFi 64GB (worth S$479) or S$450 Shopee Vouchers or S$400 Cash via PayNow upon activating and spending a min. S$500 within 30 days of card approval
              • Valid until 31 March 2025
              • Promotion is valid for new to bank credit card holders
              • Read Terms and Conditions here
              • Must fulfill spending requirement to receive gift confirmation
              • Remember to check for SingSaver email and complete the registration to secure your reward!

              Citi PremierMiles Card

              • Earn uncapped 1.2 miles for every $1 spent in Singapore dollars and 2 miles for every $1 spent overseas. Even though the earn rate is quite low, the miles never expire. This may be useful for those starting out on their miles accumulation journey with low spending.

              • Citibank credit cards have one of the widest variety of transfer partners, which makes the miles very flexible for miles redemption.

              • The principal card entitles you to 2 free Priority Pass airport lounge visits per calendar year!

               

              Annual Fee

              S$196.20, waived for the first year

               

              Income Requirement

              S$30,000 (locals/PRs); S$42,000 (foreigners)

               

              Points Expiry

              The Citi Miles never expire

               

              Transfer Partners

              Singapore Airlines, Flying Blue, British Airways, Thair Airways, Etihad, Asia Miles, EVA Air, Qantas, Qatar Airways, Turkish Airlines, IHG

               

              Know what this card is best for:

               

              Terms & Conditions

              Full Review

              OCBC 90N Card

                • Receive an Apple Airpods 4 (worth S$199) or S$170 Shopee Voucher or S$150 Cash via PayNow or Stryv Colour+ Hair Dryer (worth S$129) when you make atleast one transaction with no minimum spend within 30 days of card approval
                • Valid until 16 March 2025
                • Read Terms and Conditions here
                • Must fulfill spending requirement to receive gift confirmation
                • Remember to check for SingSaver email to secure your rewards after you have applied!

                OCBC 90N Card

                Earn 1.3 miles per dollar on local spend (6.5 miles per S$5) and 2.1 miles per dollar on overseas spend (10.5 miles per S$5) with no minimum monthly spending required

                UOB Lady’s Card

                UOB Lady’s Card

                   

                    • Earn 4 miles per dollar (10x UNI$ for every S$5 spent) on your preferred category

                    • Earn 0.4 miles per dollar (1x UNI$ per S$5 spent) base earn rate

                    • No minimum monthly spending required

                    • Spending Cap:

                     

                        • Classic Card: S$1,000

                        • Solitaire Card: S$2,000
                    • This card can be used on Ride Hailing apps as long as you choose the Transport Category

                    UOB Krisflyer Card

                    UOB Krisflyer Card

                    • Earn 3 miles per dollar on SIA-related spend—Singapore Airlines, Scoot, KrisShop, and Kris+ purchases with minimum spend of S$800
                    • Earn uncapped 3 miles per dollar on eligible everyday spends
                    • Earn 1.2 miles per dollar on all other purchases

                    Mari Credit Card

                    • Get up to 13% Welcome Cashback when you spend S$300 on Eligible Transactions within 30 days of card approval
                    • You must be among the first 50,000 New Mari Credit Card Holders
                    • Must be a new-to-bank customer
                    • Valid until 30 April 2025
                    • For more information on the promotion, please refer to: https://www.maribank.sg/promo

                    Note: Shopee purchases via Mari Credit Card Instant Checkout is not eligible for the reward

                    Mari Credit Card

                    • Earn 3% Unlimited Shopee Coins with Mari Credit Card Instant Checkout (until 31 December 2025 only)
                    • Earn 1.7% Unlimited Cashback on eligible card spend
                    • No minimum monthly spend requirement and no maximum cashback cap