CardUp Credit Cards

Extended till 30 Jun: CardUp 1.99% income tax payment promotion; buy miles from 1.22 cents

Milelion readers can enjoy a discounted rate of 1.99% on their tax payments up till 30 June.
Update: CardUp has extended the 1.99% offer until 30 June 2019.  I’ve added an FAQ section too. 

Income tax season is upon us, and if you’re thinking of earning some miles when paying, here’s an offer for you.

CardUp is offering Milelion readers a special rate of 1.99% (normally: 2.6%) on income tax payments scheduled by 31 May 2019 30 June 2019 with the promo code MILELIONTAX. This applies to payments made via Visa and Mastercard only.

CardUp FAQ

Q: What cards earn miles with CardUp? 
A: CardUp keeps a running list of all the cards which earn points with CardUp here. Broadly speaking, any general spending card will earn points with CardUp

Q: Do any cards earn 10X with CardUp?
A: No. Citi Rewards Visa/Citi Rewards Mastercard, OCBC Titanium Rewards, DBS Woman’s World Card and the like will not earn 10X on CardUp

Q: Does CardUp spending count towards sign up bonuses/promotional bonuses?
A: Yes. CardUp spending is treated the same way as any other retail spend. For example, you’ll be able to use CardUp spending to hit the $7.5K spending requirement for the 30K sign up bonus on the Citi PremierMiles Visa or the $20K spending requirement for the 87.5K sign up bonus on the AMEX Platinum Charge. It also counts towards the $2K monthly spend threshold to earn 1.4 mpd on the SCB Visa Infinite

Q: Do I earn miles on the CardUp fee too?
A: Yes. Suppose you make a payment of $100 with the promotional fee of 1.99%. The total amount charged to your card is $101.99, and you’ll earn miles based on $101.99 of spending

To use this code, simply click on Schedule Payment…

Select Tax & Stamp Duty –> Income Tax

Enter your payment details, upload the supporting documentation and enter MILELIONTAX in the promo code field

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That’s it! You’ll see the discounted rate of 1.99% at the final screen.

The T&C for this promo code can be found here. This promo code can be used a maximum of once per user.

If this is your first ever payment with CardUp, you can opt to use the promo code MILELION instead and get $20 off a minimum payment of $1,000

  • If your tax amount is less than $1,000, you can only use MILELIONTAX
  • If your tax amount is $1,000 to $3,278, MILELION is a better deal if you’re eligible
  • If your tax amount is >$3,278, MILELIONTAX is a better deal

CardUp has teased that anyone who uses the MILELION or MILELIONTAX codes will receive a surprise promo code in June for their next payment. I don’t know what that is, but look out for it in your inbox.

You will need to submit a copy of your NOA to CardUp as supporting documentation, and you can only pay off your entire tax due amount. You won’t be able to pay in installments; IRAS doesn’t allow that through CardUp.

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Also note that unlike the tax payment facilities offered by banks where funds are transferred to your account and you make the payment, CardUp makes payment directly to IRAS on your behalf.

How does this compare to other payment options?

Back in March, I wrote about the various methods of earning miles on your income tax payments. Since then, we’ve had some new developments so I’ve updated the table accordingly:

MethodProcessing FeeEarn RateCents Per Mile
Standard Chartered Visa Infinite (≥$2K spend p.m)1.6%1.41.14
HSBC Visa Infinite (≥$50K spend in prev year)1.5%1.251.20
CardUp with DBS Insignia/Citi Ultima/UOB Reserve1.99% till 30 Jun1.61.22
HSBC Premier Mastercard0.5%0.41.25
Citi PayAll with Citi Ultima2%1.61.25
CardUp with BOC Elite Miles World Mastercard1.99% till 30 Jun1.51.30
CardUp with UOB PRVI Miles1.99% till 30 Jun1.41.39
HSBC Visa Infinite (<$50K spend in prev year)1.5%1.01.50
CardUp with Citi Prestige1.99% till 30 Jun1.31.50
Citi PayAll with Citi Prestige/PremierMiles AMEX2%1.31.54
Standard Chartered Visa Infinite (<$2K spend p.m)1.6%1.01.60
CardUp with DBS Altitude/Citi PremierMiles Visa/OCBC VOYAGE1.99% till 30 Jun1.21.63
Citi PayAll with Citi PremierMiles Visa2%1.21.67
UOB Visa Infinite Payment Facility (Reserve + Metal)1.7% until 31 July1.01.70
HSBC Revolution0.7%0.41.75
DBS Insignia3.0%1.61.88
OCBC Voyage1.9%1.01.90
UOB PRVI Pay2.1%1.02.10

A quick word about the CardUp calculations: you may be wondering why the math to derive cents per mile is not Fee/MPD. That’s because the CardUp fee itself also earns miles. For example, if I pay $1,000 with my Citi Ultima card:

  • The total amount charged by CardUp is $1,000 + $19.90= $1,019.90
  • I earn $1,019.90*1.6≈ 1,632 miles
  • Cost per mile= 19.90/1,632=1.22 cents each

There are no 10X opportunities with CardUp, so there’s no point using cards like the DBS Woman’s World and Citi Rewards. All general spending cards should earn points for income tax payments with CardUp, so stick to these and you’ll be fine.

Have a read of this post for the full list of options available when paying income tax.

Conclusion

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A 1.99% fee represents a great opportunity to pick up miles for less, so be sure to schedule your payments before 31 May 2019. 30 June 2019.

You can also refer your friends to CardUp and get $20 for every new user who makes a payment, plus a bonus $30 (till 30 June) when three friends make an income tax payment with your code.


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Aaron WongRatnaThe CardUp TeamLady GLady G Recent comment authors
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Terence
Guest
Terence

Wonder if this will work with the new uob krisflyer card…

Kelvin
Guest
Kelvin

Which other card should we use with cardup? Thanks!

Financialmtc
Guest

General spend card

boo
Guest
boo

does ocbc voyage get points with cardup?
if so then ocbc premier/BOS voyage will get 1.6mpd?

Lena Soon
Guest
Lena Soon

Would like to know if anyone knows this .. thanks!

The CardUp Team
Guest
The CardUp Team

Hi boo and Lena, yes OCBC voyage cards earn points on your CardUp spend. Anytime you have questions on any cards, do check with us at [email protected].

Cheers,
The CardUp Team

Talan
Guest
Talan

Hi Aaron,
Can we have this extended please? Will get by NOA earliest first week of June…

The CardUp Team
Guest
The CardUp Team

Hi Talan, we heard you! Promo has been extended to end June 🙂

Cheers,
The CardUp Team

NewBie
Guest
NewBie

log in iras and check for the past few years, the NOA dated on JUN or JUL.

The CardUp Team
Guest
The CardUp Team

Hi NewBie, we’ve extended the promo til end Jun! 🙂

cheesecake
Guest
cheesecake

A disadvantage of CardUp is the inability to pay by smaller amounts – for those who don’t wish to pay off their entire tax amount. Ipaymy however allows that.

Also not sure why CardUp has limited period each month for payment to IRAS, whereas ipaymy doesn’t.

C
Guest
C

No Amex card for this promo. Got my eyes blink blink for awhile.

kevwong83
Member
kevwong83

Will this work for IRAS property tax? Or isit limited to just income tax?

The CardUp Team
Guest
The CardUp Team

Hi kevwong83, you can definitely pay your property tax through CardUp and use promo code MILELION if it’s your first payment for $20 off the fee. Let us know if you have questions at [email protected]

Will
Guest
Will

Hello I noticed u haven’t mentioned pairing the Amex plat charge card with the Cardup service, do you know if that is possible and if so is it “worth it”? Thanks !!

The CardUp Team
Guest
The CardUp Team

Hi Will, yes you can definitely use your Amex plat charge card with CardUp and you’ll earn points. Let us know if you need help at [email protected]

Ben
Guest
Ben

Will there be a promotional rate for Amex cards too?

s
Guest
s

Ipaymy is also holding similar promotion.

Kelvin
Guest
Kelvin

Can we use BOC EM card for this? Just concern that it will be crawl back?

Daniel
Guest
Daniel

Is CardUp a good platform for insurance premiums too?

Desmond Sim
Guest
Desmond Sim

Ipaymy is back accepting personal sign ups. Is it better than CardUp?

YT
Guest
YT

Hi, your article states that scheduling payments through the bank will allow for them to credit your account with the funds. But I called Citibank to ask if that was the case for Payall and was informed that the funds are credited directly to the organization? Would be grateful for a clarification as this would affect my decision on which service to use

Xman
Guest
Xman

Just paid my tax with the UOB KF card, wonder what would the teased promo code be.

Brad
Guest
Brad

Is citi premiermiles visa supported on cardup? To get the 1.2miles/dollar

ireadthefaq
Guest
ireadthefaq

read the FAQ. it’s mentioned yes.

Lady G
Guest
Lady G

Thanks a bunch Aaron, this is absolutely brilliant! Miles credited so I’ve got enough for a return flight on SQ, or upgrades again to first! 😉