Cardup offering amazing opportunity to buy miles at 1.06 cents each

2.4 mpd when you use the UOB PRVI Miles Visa or Mastercard.

Cardup is a service that allows you to use your credit card to make payments for things like rental, income tax, condo management fees, insurance premiums and tuition fees, earning credit card rewards points in exchange for a 2.6% fee.

Image result for cardup singapore

Cardup does not qualify for 10X with any credit cards (UOB PPV and DBS WWMC recently updated their T&Cs to exclude it), so under regular circumstances the best deal you can do is buy miles at 1.81 cents each (UOB PRVI @ 1.4 mpd, 2.6% fee).

However, Cardup is now partnering with UOB from now till 31 Dec to offer the following promotion in conjunction with the UOB PRVI Miles Visa and UOB PRVI Miles Mastercard (AMEX is not included).

If you’ve not used your UOB PRVI miles card with Cardup prior to 1  November you can earn 2.4 mpd capped at 40,000 miles (~$16,667 of spending). If you have, you earn 1.6 mpd without any cap. Full T&C here.

This promotion does not discriminate between new and existing Cardup users; rather, all that matters is whether you have used your UOB PRVI miles card with Cardup before. If you own a UOB PRVI Miles Visa and have used it with Cardup before, you can apply for a UOB PRVI Miles Mastercard to enjoy the 2.4 mpd rate. Remember that UOB pools your UNI$ anyway plus your first year annual fee is waived, so there’s no cost to you for doing this. Alternatively, you can apply for a supplementary UOB PRVI Miles Visa and use that for the payment, and you’d earn 2.4 mpd still. There are enough ways to get around the “never used the card for Cardup” restriction before, so no one should be earning at the 1.6 mpd level.

Both your Cardup payment and the Cardup fee (2.6%) earn points, so under this promotion you’re paying:

  • @ 2.4 mpd- 1.06 cents per mile
  • @ 1.6 mpd- 1.58 cents per mile

1.06 cents per mile is a fantastic deal, and I’d buy miles at that price in a heartbeat. At this price, it’s possible to buy a round trip economy award ticket to Bali for $159, for example. I guess the catch, if you want to call it that, is that the maximum miles you can buy at 1.06 cents is 40,000.

As a reminder, here’s how much it costs to buy miles in Singapore through other methods-

MethodTypeImplied Income ReqCents Per MileAnnual Limit
SCB VI Tax Payment- >$2K p.mPayment Facility1500001.14Tax bill
HSBC VI IRAS Payment- >$50K p.a (1)Payment Facility1200001.2Tax bill
HSBC Premier MC IRAS Payment (2)Payment Facility300001.25Tax bill
HSBC VI- Premier CustomerWelcome Gift1200001.3935000
HSBC VI IRAS Payment- <$50K p.aPayment Facility1200001.5Tax bill
SCB VI Tax Payment- <$2K p.mPayment Facility1500001.6Tax bill
SCB VIWelcome Gift1500001.6835000
HSBC Visa Plat/Revo Tax PaymentPayment Facility300001.75Tax bill
Citibank PM AMEXAnnual Fee800001.7815000
iPayMy/Cardup with UOB PRVIPayment Facility500001.81Unlimited
HSBC VI- Regular CustomerWelcome Gift1200001.8635000
UOB Reserve VI "Pay Anything"Payment FacilityInvitation1.9Unlimited
Citibank PM VisaAnnual Fee500001.9310000
DBS AltitudeAnnual Fee300001.9310000
OCBC Voyage- Option 3Annual Fee1200002500000
UOB PRVI PayPayment Facility50000 2Unlimited
iPayMy/Cardup with DBS AltitudePayment Facility300002.11Unlimited
OCBC Voyage- Option 2Annual Fee1200002.14150000
Citibank PrestigeAnnual Fee1200002.1425000
DBS Altitude- Tax PaymentPayment Facility300002.5Tax bill
OCBC Voyage- Option 1 (3)Annual Fee1200003.2515000
Buy from Singapore Airlines (4)Stupid05.51Unlimited

(1) The HSBC website says that $1=0.4 miles for tax payment facility, but I have received reports that VI holders have received 1/1.25 mpd as per their relationship bonus
(2)  The income requirement to get a HSBC Premier MC is $30,000, but you need $200K in deposits to open a HSBC Premier account
(3) OCBC Voyage Option 1 involves paying $488 to get 15,000 Voyage miles. These can be converted to Krisflyer miles at a 1:1 ratio but are technically more valuable than Krisflyer miles as they can also be used to pay for revenue fares at a fixed value per mile.
(4) SQ charges US$40 per 1,000 miles purchased. Price shown here is reflective of current exchange rates. The only way I could justify paying this is if I needed the miles right this minute, as SQ will credit them instantly

These rates are certainly much lower than the UOB PRVI Pay feature that lets you buy miles at 2 cents each. The key difference is that UOB PRVI Pay allows you to buy unlimited miles, whereas Cardup requires that you have a bona fide bill payment to make (well, in theory at least. I’m vaguely aware that it is possible to overpay certain account balances provided the recipient isn’t in the practice of refunding credit balances, and not all payments via Cardup need invoice documentation)

Moreover, if you have Cardup referral credit, your cost per mile is further reduced. If this is your first Cardup payment, you can use my code AARONW54 to get $20 off the fees. Otherwise, feel free to use any of the codes in the comments section here as well (but please don’t post referral links in the comments section of this particular article, so we can have all the codes in one place).

1.06 cpm is an amazing price, and even though the general rule is not to buy miles speculatively, I think I may make an exception for this.

Aaron Wong
Aaron Wong
Aaron founded The Milelion to help people travel better for less and impress chiobu. He was 50% successful.

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Wow great new deal on this.

Milelion Edit: Pls keep all referral codes to this thread, thanks


“Otherwise, feel free to use any of the codes in the comments section here as well (but please don’t post referral links in the comments section of this particular article, so we can have all the codes in one place).” 🙁


so that’s $424 for 40,000 miles? hmm

Aaron Wong

Ikr. And if you have referral credit the cost comes down further


2.6% of $424 is about $11, so $424+$11-$20, so $415. interesting, but only own the amex version


Assuming you can still get 4mpd using DBS WW for Cardup payments, would it make more sense to use the WW or UOB PRVI?


You can’t because DBS cards are explicitly excluded to earn points from ipaymy/cardup. It is in T/C.



Just to check, can we just buy miles outright with the UOB Prvi cards ? Thanks.


Hello. I’m new to this. How do I buy miles with this deal?

Asian Miler

That’s quite the incentive. I’m now reconsidering my dormant CardUp account. Anyone care to remind me what kind of payment details we should enter about the landlord payee?


so if I want to make payment for 6 months of rent, will that give me 2.4 mpd or will it be 2.4 for nov and dec and 1.6 for the remaining 4 months of rent????

Asian Miler

Only payments credited Dec 31st get the bonus. So if you want to pay for 6 months and get the whole bonus worth you have to pay all 6 months by Dec 31st.


Wrong! It only has to be charged by Dec 31st. If rent is paid on January 1, can still get the bonus…


Is there a Milelion telegram chat group for like-minded enthusiasts?


any one has a suggestion on what bill i can pay 16k of?

I cant seem to find any bill to pay:(


Hi, any idea if applying a supplementary card can chalk up additional 40K i.e. 40K + 40K for both main and supplementary card?


Hi, do you know if the 40k is limited to only one transaction or can I spread over a few?


My code is (removed)

Aaron Wong

Do not post codes in this thread.


I posted my question via ‘CONTACT US’ but haven’t got a reply, so I’m dumping it here I guess. First of all, any idea if Citi Premiermiles earns miles on Cardup? I’ve always been a cashback guy because I’m not into travelling (gasp), but Cardup has piqued my interest as a means to get some value back from my insurance and tax payments. Since I pay my premiums annually, that big lump sum exceeds the cashback cap of any >3% cashback card out there, so I have no choice but to dip my toes into the miles game. Citi Premiermiles… Read more »