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: This offer has now expired, but you can continue to enjoy a 1.99% fee on tax payments with the code TAX199

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

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.

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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.

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:

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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

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.

Aaron Wong
Aaron founded The Milelion with the intention of helping people travel better for less and impressing chiobu. He was 50% successful.

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Terence

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

Terence

Ah OK. Was wondering cos thought mainlymiles.com mentioned the 4816 code being recognised by uob…

Ratna

Can we get 3 miles per dollar spent with UOB Krisflier if we meet the min SGD 500 annual spend on SQ group?

Kelvin

Which other card should we use with cardup? Thanks!

Financialmtc

General spend card

boo

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

Lena Soon

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

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

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

The CardUp Team

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

Cheers,
The CardUp Team

NewBie

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

The CardUp Team

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

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

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

C

looking at reducing the 20K for the plats 🙂 but cant use in this

Kevin

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

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

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

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

Will there be a promotional rate for Amex cards too?

s

Ipaymy is also holding similar promotion.

Kelvin

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

The CardUp Team

Hi Kelvin, we can confirm what Aaron said – we’ve been partnering closely with BOC since 2017 and CardUp spend definitely earns points. Anytime you have any issues, please feel free to reach out to [email protected], we’ll be glad to reach out to BOC to contact you directly to clarify as part of our partnership with them.

Cheers,
The CardUp Team

Daniel

Is CardUp a good platform for insurance premiums too?

Desmond Sim

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

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

YT

Ah ok thanks for the clarification!

Xman

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

Brad

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

ireadthefaq

read the FAQ. it’s mentioned yes.

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! 😉

Lady G

Update to last post; Unfortunately, just confirmed there wan’t any points credited to my DBS Altitude for income tax spend. Called up DBS hotline and they referred me to T&C point 2.6 of the reward card, which state that card services (i.e. all CardUp transactions) don’t qualify for points. Asked them when this was put into place/updated and the CS said it was July 2017. So there we go, absolutely no points gained from charging my full year income tax via CardUp! :/

Lady G

So here’s the T&C they’re referring to, what a bummer. 2.6 a) DBS Points will not be awarded for: • Bill payments and all transactions via AXS, SAM, eNETS; • Payments to educational institutions; • Payment to government institutions and services (court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases and any other government services not classified here); • Payment to insurance companies (sales, underwriting, and premiums); • Payments to financial institutions (including banks and brokerages); • Payment to non-profit organisations; • Betting (including lottery tickets, casino gaming chips, off-track betting, and wagers… Read more »

Lady G

Thanks a lot Aaron, just dropped you a note.

The CardUp Team

Hi Lady G, thanks for the feedback. We’re actually in close working relationship with the DBS team, and can confirm that CardUp spend is eligible for the points earned on the DBS Altitude Card. The points typically take some time to be rewarded back to your account – we’re checking in with the DBS team, and will drop you an update once we hear back from them on this matter. Thanks for your support on using our platform for your income tax payment. Anytime you have questions on any cards, do feel free to check with us at [email protected] too.… Read more »

HT

Hi,
Do we have an update? I’d like to use DBS Alt for Cardup, if it is eligible for points, and the spending counts toward the DBS Alt sign-up promo.

The CardUp Team

Hi HT, we can confirm that your spend through CardUp is eligible for the DBS Altitude points, and it will typically take a few days before these points are awarded to you.

Generally, all spend made through CardUp is also eligible for signup and promotional bonuses. We’re also in the midst of confirming this with the DBS team, and will drop you an update once we hear back. If you have any further questions, feel free to drop us an email at [email protected] too!

Cheers,
The CardUp Team

AG

Hi, I’m planning to use my DBS Altitude card for my tax payment. Wanted to confirm if you’ve heard back from DBS regarding whether tax payment via Cardup would qualify for the sign up bonus with minimum spend? Also would it earn miles as normal? Thanks!

The CardUp Team

Hi AG,

Thanks for checking – your CardUp spend on your DBS Altitude card will be eligible for the points as per normal. Just note that these points will take typically a few days before they are awarded.

As for the sign up bonus, we’re pending some updates from the DBS team. Could you drop us an email at [email protected]? Our customer success team can let you know once we hear back.

Thanks.
The CardUp Team

AG

Hi CardUp team,

Thanks for your reply. Would appreciate if you could please get back regarding the sign up bonus soon if possible, since I’m planning to pay my tax before your 30th June deadline. I’ll drop an email too.

Thanks!

Lady G

Hello CardUp team, First of all, excellent customer service. It has been seamless using your service and this prompt follow up is outstanding. Thanks for confirming the eligibility for Altitude card and that it takes time to process (just wish the DBS CS rep had his facts right vs stating outright it’s not eligible after asking to re-confirm.) Initially was disappointed as I had shared this on social media and in person, recommending CardUp for Income Tax and more. I’ll drop you a separate note via email so you can identify my account and help support DBS team with this.… Read more »

Lady G

Hello Aaron & CardUp Team,

Thanks a lot for your excellent customer service and prompt follow up on this, and checking in to make sure DBS had also followed up. Really appreciate such rare and outstanding service in this day and age. Happy to confirm my points were awarded as per your summary and I’m using CardUp’s other payment services too which is smooth and worth transacting via especially for recurring payments. 🙂

CL

What if I have already made partial repayment via GIRO? if I want to pay the reminder via CardUp, is it possible? Or if I pay full NOA, will I get a refund?

The CardUp Team

Hi CL, thanks for the question! You’ll be required to pay off the current outstanding balance amount as shown in your statement of account. If you have already made a partial repayment via GIRO, you can still pay off the remaining balance amount, and supported by an up-to-date document showing your updated statement Hope this helps!

Cheers,
The CardUp Team

Jayne

Hi CardUp Team,

At this point in time, IRAS has scheduled to do a GIRO deduction on 6th of this month. i was trying to schedule a payment on Cardup, but even the earliest date is 7th of July (which is later than the GIRO deduction). Anyway I can get around this?

AT

Hello, I’ve tried using the MILELIONTAX promo code but it says ‘Sorry, that promo code has been fully redeemed.’ 🙁 Didn’t know there was a limit for redemption….only just received my NOA on 21 June.
Any chance of a top-up for redemption? If not, guess will just use my bank tax payment facility…

The CardUp Team

Hi AT, thanks for letting us know. Apologies for the confusion – you can try setting your payment up again with the promo code, it should be able to work now! Thanks for choosing to pay your income tax through our platform as well.

Cheers,
The CardUp Team

AT

Hi Aaron and the Cardup team,

Thanks for the fast response! Just managed to schedule a payment successfully with the promo code 🙂 Will check back in a few days for the payment to go through and the rewards points to come in.

Pamela

Hi Cardup Team, 30 June is nearly here and I still haven’t received my NOA. Any chance of extending this promo?

The CardUp Team

Hi Pamela,

You can drop us an email at [email protected] and my customer success team will be happy to take this conversation forward. Happy to hear any other questions you might have too!

Cheers,
The CardUp Team

Chris

oh no, could you just check if cardup if it can be extended by 1 more month? i just miss the deadline by 1 day as the last 5 days of the month cannot schedule tax payment! =(

The CardUp Team

Hey Chris,

Feel free to drop us an email at [email protected] and my customer success team will be happy to get back to you. Happy to hear any other questions you might have as well.

Cheers,
The CardUp Team

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