Use these credit cards when paying for utilities to help you save money.
If it’s one thing we can be sure we’ll be paying on a regular basis, it’s bills. Wouldn’t it be nice if we could save money on the services we use everyday?
It turns out you can, with these following credit cards. Here’s a detailed breakdown of how.
Best Credit Cards for Utilities in Singapore
|Credit Card||Rebate on recurring bills||Eligible bill payments||Min spend needed for rebate||Maximum total cashback per month|
|UOB One Card Visa Platinum||Up to 5%||Telcos: Singtel, Starhub, M1
|Maintain minimum spend (split up across at least 5 transactions) per month for 3 consecutive months to receive fixed quarterly rebates:
Spend S$2,000/mth = S$300Spend S$1,000 – S$1,999/mth = S$100Spend S$500 – S$999/mt = S$50
|S$100 per month|
|UOB Delight Card||3%||Telcos: Singtel, Starhub, M1
|S$400 per month in total transactions||S$50 per month|
|OCBC 365 Card||3%||Telcos: Singtel, Starhub, M1||S$600 per month in total transactions||S$80 per month|
UOB One Card Visa Platinum – Highest Rebate on Recurring Bills
Top on our list is the UOB One Card Visa Platinum credit card. This card offers the highest rebate that you can earn for paying your recurring bills – up to 5%, provided you meet the minimum spending requirements.
The rebate is given not as a straight-up 5% on your bill. Instead, you will receive a fixed rebate amount per quarter, according to the amount you spend every 3 consecutive months, like so:
- Spend at least S$500 per month for 3 months and receive S$50 rebate for the quarter. This is equivalent to 3.33% cashback.
- Spend at least S$1,000 per month for 3 months to receive S$100 rebate for the quarter. This is equivalent to 3.33% cashback.
- Spend at least S$2,000 per month for 3 months to receive S$300 for the quarter. This is equivalent to 5% cashback.
The complicated rebate system aside, the UOB One Card is quite convenient, as many of your bill payments will count towards your monthly spend.
You can earn rebates on bills from the 3 telcos (Singtel, Starhub and M1), Town Council S&CC charges and other fees, as well as for SPH newspaper subscriptions.
Also, the UOB One Card lets you earn up to S$1,200 rebates a year, which is higher than most other cashback cards on the market.
UOB Delight Card – 3% Cashback With Low Minimum Monthly Spend
Second on our list is another card by UOB; in this case, the UOB Delight Card.
This credit card allows you to save some money on your utilities with a decent 3% rebate on recurring payments. As with the UOB One Card, you will receive rebates across a number of bills, including from the 3 telcos (Singtel, Starhub and M1), Town Council S&CC charges and other fees, as well as for SPH newspaper subscriptions.
Rather than receiving direct cashback, your rebate is awarded is in the form of SMART$, which you can use to offset your payments with a variety of merchants. You can receive up to 50 SMART$ per month – equivalent to S$50 value.
Another thing to like about this card is the low minimum monthly spend. You only need to charge S$400 to your card for the month in order to earn the rebates.
OCBC 365 Card – 3% Rebate on Telco Bills
Third on our list is the OCBC 365 Card, which gives you 3% rebate each time you charge a telco bill to it.
3% is a decent cashback rate and we wish it extended to payments other than Singtel, Starhub and M1. However, the OCBC 365 Card is primarily aimed at dining and shopping, so it’s a nice little bonus that telco bills are included.
Use the OCBC 365 card for its main strengths, such as dining (3% rebate on weekdays, 6% on weekends), online shopping (3% rebate) and groceries (3% on supermarkets islandwide) to help you save money on everything.
You can find the best cash rebate credit card for you at SingSaver.com.sg.
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By Alevin Chan
A Certified Financial Planner with a curiosity about what makes people tick, Alevin’s mission is to help readers understand the psychology of money. He’s also on an ongoing quest to optimise happiness and enjoyment in his life.