Get more out of your monthly expenses by paying your utility bills with these cashback and rewards credit cards.
Best Credit Cards for Paying Utility Bills in Singapore on SingSaver
Telco: OCBC 365 Card | POSB Everyday Card | Maybank Family & Friends Card | UOB One Card | UOB Absolute Cashback Card | Citi Cash Back+ Card | Standard Chartered Simply Cash Card
Electricity Retailer: UOB One Card | OCBC 365 Card | POSB Everyday Card | UOB Absolute Cashback Card | Citi Cash Back+ Card | Standard Chartered Simply Cash Card
Paying SP bills, 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'll help you maximise your spend on monthly utility and telco bills at the same time.
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Best Credit Cards For Paying Utility Bills
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Credit Card
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Rebate
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Eligible partners
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Min. spend needed
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Monthly cashback cap
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3%
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Singtel, M1, StarHub, Circles.Life and MyRepublic.
Power service providers such as Senoko Energy, Sembcorp Power and Geneco.
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S$800/month (less gets flat 0.3% cashback)
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S$80/month
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Uo to 3.33%
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Get up to 6% rebate on your SP utility bills when you qualify for your quarterly cash rebate
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S$500/S$1,000/S$2,000 per month (min. 5 card transactions) for the quarter
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S$50/S$100/S$200 per quarter for S$500/S$1,000/S$2,000 monthly spend
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Up to 3%
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Power service providers like SP Group, Geneco, Sembcorp Power Union Power, Best Electricity, Ohm Energy, Tuas Power, Keppel Electric, Senoko Energy
Telco providers like M1, Singtel, Singtel GOMO, StarHub, StarHub giga, MyRepublic and Circles.Life
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None
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Cash rebate is capped at maximum POSB Daily$3 per calendar month for electricity bills and a maximum of POSB Daily$3 per calendar month for telco bills
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Up to 8%
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Starhub, Singtel, M1 Limited, Circles.Life, MyRepublic, Netflix, Disney+,cable TV etc
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S$800/month to qualify for 8% cashback
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S$125/month split into S$25 per category
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1.5%
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All expenditure
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None
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Unlimited
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1.5%
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All expenditure
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None
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Unlimited
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1.7%
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All expenditure
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None
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Unlimited
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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's Exclusive Offer: Receive a Samsonite Polygon Spinner 28" (worth S$640) plus S$28 bonus cashback when you make a min. spend of S$500 within 30 days of card approval. Valid till 31 May 2023. T&Cs apply.
Alternatively, get up to S$250 cashback plus S$28 bonus cashback when you make a min. spend of S$1,000 for 2 consecutive 30-day periods (total 60 days) after card approval. Valid till 31 May 2023. T&Cs apply.
2. UOB One Card
The UOB One Card gives you one of the highest utility rebate at 3.33%. However, this comes with a high spending bar — Spend a minimum of S$2,000 per month for three consecutive months to earn the additional 5% cash rebate. Do note that the cash rebates only come every quarter.
You will also get an additional 1% rebate (up to 4.33% rebate) on your SP bills when you qualify for your quarterly cash rebate.
Enjoy an additional 6.67% rebate on Dairy Farm Group Singapore merchants (e.g. Cold Storage, Giant, Guardian, 7-Eleven), Grab (excludes mobile wallet top-ups), Shopee (excludes ShopeePay) and UOB Travel transactions when you qualify for your quarterly cash rebate.
3. POSB Everyday Card
A newly enhanced perk, the POSB Everyday Card earns you 3% rebate on recurring utility bills from SP Group, Geneco, Sembcorp Power Union Power, Best Electricity, Ohm Energy, Tuas Power and 2% rebate on Keppel Electric and Senoko Energy.
The big plus about this card? No minimum monthly spend required in order to earn rebate on your utility bills. But take note, the cash rebate is capped at POSB Daily$3 per calendar month for your electricity bill.
That's not all. You can also earn 3% rebate on telco bills from M1, Singtel, Singtel GOMO, StarHub, StarHub giga, MyRepublic and Circles.Life so long as you make at least S$800 on eligible spend within the calendar month. Just remember that the cashback cap for your telco bill is set at POSB Daily$3 per calendar month.
4. Maybank Family & Friends Card
This versatile card lets you earn 8% cashback on five categories of your choice when you make a minimum monthly spend of S$800. The categories that you can choose from include: data communication and online TV streaming, transport, dining and food delivery, groceries, retail and pets, online fashion, entertainment, and pharmacy and wellness.
One thing that sets this card apart from the others is that you can enjoy cashback 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 or binge-watching Disney+ in peace.
5. Standard Chartered Simply Cash 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.
6. American Express True Cashback Card
Like the Standard Chartered Unlimited Cashback Credit Card, the American Express True Cashback Card is a fuss-free cash back credit card that rewards you with a flat 1.5% cashback on all your spending.
What sets the American Express True Cashback Card apart from the Standard Chartered Unlimited Cashback Credit Card then?
As a sweet welcome bonus for new American Express cardmembers, American Express is throwing in a welcome bonus of 3% cashback on up to a total of S$5,000 spend in your first 6 months. This simply means you get to earn double cashback on the first S$5,000 of your spending within 6 months of card approval!
Additionally, from now till 30 June 2021, you get to earn additional cashback on your foreign currency spend. All you need to do is register your card annually to enjoy the extra 1% cashback on your foreign currency purchases.
7. UOB Absolute Cashback Card
If you want to earn 1.7% cashback the easy way on literally everything you spend on — including electricity bills and insurance premiums — whip out the UOB Absolute Cashback Card. There’s no minimum spend requirement and no cap on how much you can earn.
The only thing you need to take note of? It’s an American Express card; not every merchant accepts American Express. Definitely check with your utility providers if they accept American Express payments!
Bottom line
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 per month spend for the OCBC 365 Credit Card, you may be better off with the Standard Chartered Unlimited Cashback Credit Card, despite its lower cashback rates.
Similarly, the high rebate of up to 6% for the UOB One Card is only if you can spend S$2,000 on your card each month. This means you have to be prepared to spend a much higher amount each month to earn your cashback.
Read these next:
Best Grocery Credit Cards in Singapore
Top Credit Card Promotions And Deals On SingSaver
Best Citibank Credit Cards in Singapore 2023
Best OCBC Credit Cards in Singapore 2023
Best CIMB Credit Cards in Singapore 2023
Best Standard Chartered Credit Cards in Singapore 2023
Best UOB Credit Cards in Singapore 2023
A Full Guide to Priority Banking in Singapore (2023)
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.
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