Paying utility bills and mobile phone bills every month are an unavoidable part of life. But this monthly chore doesn’t need to be so painful, especially when you learn to maximise cash back 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.
1. OCBC 365 Card
A comprehensive card which covers 3 telcos – Singtel, Starhub and M1 — as well as power service providers such as Senoko Energy, Sembcorp Power and Keppel Electric, the OCBC 365 Card gives you a decent 3% rebate. However, you’ll need to charge a minimum of S$800 per month on your card to qualify, otherwise cashback rate falls to 0.3%. At S$800 a month, we think that’s an attainable figure especially if you consolidate all your utlity and telco bills on this card.
Note that the rebate is capped at $80 a month but this still means you can save up a hefty S$960 per year. Besides monthly utility bills, you can also earn rebates of 6% 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).
2. HSBC Visa Platinum Card
Why say ‘no’ to a generous 5% rebate per month on recurring utility bills? With no restrictions on which telcos or Internet Service Providers to subscribe to in Singapore, the HSBC Visa Platinum Card gives you lots of flexibility. On top of that, you also enjoy up to 5% cash rebate on petrol and groceries and 2% rebates on dining.
To get the rebates, you need to spend at least $400 for 3 straight months. Take note that the rebates will be subjected to a maximum cap of S$60 per account per quarter.
3. UOB Delight Card
A card that lives up to its name, the UOB Delight Card gives you a decent rebate of 3% with a relatively low minimum spend of S$400 per month. This should not be too hard to achieve given that it covers the recurring bills of the 3 telcos (Singtel, Starhub and M1), Prudential Insurance, United Overseas Insurance and even town councils and SPH newspapers subscriptions.
However, instead of receiving direct cashback, your rebate is awarded in the form of SMART$, 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 in value.
4. Maybank FC Barcelona Visa Signature Card
A cool card to own, the Maybank FC Barcelona Visa Signature Card is not only meant for dei-hard football fans. This versatile card can actually save you lots of hassle every month when it comes to paying utility bills. With a flat 1.6% rebate on all local expenditure, it comes with no minimum monthly spend AND there is no cap on rebates.
Moreover, you earn 2X TREATS Points with every dollar spent on foreign currency transactions. With these TREATS points, you can redeem a host of privileges such as shopping and dining vouchers, cash credits and more (other than KrisFlyer Miles or AsiaMiles).
Another highlight is you can stand a chance to win a trip for 2 to watch the FC Barcelona LIVE in Camp Nou every football season. Accumulate $50 in local transactions, you get 5 chances (10 chances for S$50 charged in foreign currency transactions).
5. POSB Everyday Card
The POSB Everyday Card earn you 1% rebate on recurring utilities bills from the SP Group and Starhub. The big plus about this card is that there’s no minimum monthly spend required so you don’t need to worry you can’t meet the target spend. But take note no cash rebates will awarded beyond the maximum spend of $100 per month.
6. Standard Chartered Unlimited Cashback Card
Like its slogan, “the card that lets you live without limits”, the Standard Chartered Unlimited Cashback Card truly lives up to its name for the cashback is really unlimited.
This card certainly makes life simpler (and cheaper): earn 1.5% rebate on all expenditure, period. No minimum spend required. This card also gives you the flexibility to pay your utility bills each month, regardless of 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.
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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.