Credit Cards

SCB launches EasyBill for tax, rental, education and insurance: buy miles from 1.43 cents

SCB introduces its response to Citi PayAll- pay a 2% fee and earn up to 1.4 mpd on the SCB Visa Infinite.

It seems that bill payment facilities are very much in vogue among banks these days, because hot off the heels of Citi PayAll comes Standard Chartered’s trial of SC EasyBill, a competing service.

SC EasyBill does not appear to be open to everyone yet; you’ll need to have received an eDM from the bank to participate. It works much the same as Citi PayAll- you charge your bills to your credit card, pay an admin fee, and earn points. The bank then pays the billing organization on your behalf.

Where SC EasyBill differs from Citi PayAll is in terms of supported payments- most noticeably including insurance, which PayAll lacks.

SC EasyBillCiti PayAll
Taxes
Rent
Education
Condo Mgmt Fee 
Electricity
Insurance
Supports Recurring Payment?

What’s also interesting is that SCB specifically defines each of these payment types in their T&C. Citi PayAll, on the other hand, does not.

  1. Rental Payments” are defined as payments made towards the monthly rental amount specified in a tenancy agreement, between the Selected Cardholder and the Landlord as specified in the agreement.
  2. Education Institution Payments” are defined as payments towards any educational service i.e, payments made towards School Fee, University Fee, Polytechnic Fee, Fees related to Training institutes, Fees for Enrichment centres and day cares, Fees pertaining to extracurricular activities (E.g., Dance, Music, Painting, Cookery, Yoga, gardening, Language programmes), Fees for Hobbies, Fees for any sports activity involving a Instructor and Tuition Fees
  3. Insurance Premium Payments” are defined as payments made towards insurance premium payments due towards any insurance policies including Health Insurance, Motor Insurance, Life Insurance, Foreign domestic worker Insurance and Travel Insurance will be treated as Insurance Premium Payments.
  4. “IRAS” is defined as Payments made towards the “Commissioner of Inland Revenue” for Individual Tax or Property Tax Purposes
Ads

The biggest grey area is probably (2), education payments. Citi describes these as payments to schools or tuition centres, but SCB’s definition seems much broader. I read this as saying you could even pay your personal trainer or yoga instructor via EasyBill. Or if you want an easy way of generating miles, ask your wife to teach you gardening? 😉

EasyBill payments cannot be made on behalf of family members or friends; you can only pay your own bills.

How much do miles cost with EasyBill?

EasyBill appears to charge a flat 2% fee, regardless of payment type.

Ads

That said, the T&C of EasyBill mention the fee is “exclusive to each customer, and is determined by the bank’s internal review processes”. This suggests that different customers receive different rates. If you were targeted for something lower, do let me know in the comments.

SCB has four points-earning cards in the SCB Visa Infinite, the SCB Priority Banking Visa Infinite, the SCB Platinum Visa/Mastercard and the SCB Rewards+. Here’s what a 2% fee means for the cost of miles

CardEarn RateCost Per Mile @ 2%
1.0 (spend <$2K p.m)/
1.4 (spend ≥$2K p.m)
2.0/
1.43
1.02.0
0.296.9
0.296.90

Needless to say, you should absolutely not use the SCB Rewards+ or the SCB Platinum Visa/Mastercard with EasyBill.

The SCB Visa Infinite, on the other hand, looks attractive at a 1.4 mpd earn rate assuming you’re not paying IRAS. That’s because the SCB Visa Infinite’s tax facility costs 1.6%, which equates to a much lower cost of 1.6/1.14 cents per mile.

Ads

SCB Rewards points can be transferred to KrisFlyer only. Points earned on the SCB Visa Infinite do not expire, while points earned on other SCB cards expire after 3 years.

How does this compare to other ways of buying miles?

It says something about the miles and points landscape in Singapore that this list is growing all the time, but here’s how EasyBill measures up to other options.

MethodIncome RequiredCPMAnnual Miles Limit
SCB Visa Infinite Tax Payment (Spend >$2K p.m)$150K1.14Tax bill
UOB Reserve/DBS Insignia with RentHeroInvitation1.14Rental amount
HSBC Visa Infinite Tax Payment (Spend >$50K p.a in prev year)$120K1.2Tax bill
BOC Elite Miles World Mastercard with RentHero$30K1.21Rental amount
HSBC Premier MC Tax PaymentAUM: $200K1.25Tax bill
Citi PayAll with Citi UltimaInvitation1.25Bill amount
UOB PRVI Miles/SCB Visa Infinite (>$2K p.m)/UOB Visa Infinite Metal with RentHeroUOB PRVI Miles: $30K
SCB Visa Infinite/ UOB Reserve: $150K
1.30Bill amount
HSBC Visa Infinite Welcome Gift- Premier customer$120K + AUM $200K1.3935K
SC EasyBill with SCB Visa Infinite (Spend >$2K p.m)$150K1.43Bill amount
HSBC Visa Infinite Tax Payment (Spend <$50K p.a in prev year)$120K1.5Tax bill
DBS Altitude with RentHero$30K1.51Rental amount
Citi PayAll with Citi Prestige/Citi PremierMiles AMEXCiti Prestige: $120K
Citi PremierMiles AMEX: $80K
1.54Bill amount
SCB Visa Infinite Tax Payment (Spend <$2K p.m)$150K1.6Tax bill
Citi PayAll with Citi PremierMiles Visa$30K1.67Bill amount
SCB Visa Infinite Welcome Gift$150K1.6835K
CardUp with BOC Elite Miles World Mastercard$30K1.69Bill amount
HSBC Visa Plat/Revolution Tax Payment$30K1.75Tax bill
Citibank PremierMiles AMEX Annual Fee$80K1.7815K
Cardup with UOB PRVI Miles$30K1.81Bill amount
HSBC Visa Infinite Welcome Gift- Regular Customer$120K1.8635K
OCBC VOYAGE Tax Payment$120K1.9Tax bill
UOB Reserve VI Payment FacilityInvitation1.9Unlimited
Citibank PremierMiles Visa Annual Fee$30K1.9310K
DBS Altitude AMEX/Visa Annual Fee$30K1.9310K
KrisFlyer UOB Credit Card Annual Fee$30K1.9310K
OCBC VOYAGE Payment Facility$120K1.9 or 1.95Unlimited
UOB Metal VI Payment Facility$150K2.0Unlimited
UOB PRVI Pay Facility$30K2.0 (until 30 Sept 19)Unlimited
SC EasyBill with SCB Visa Infinite (Spend <$2K p.m)$150K2.0Bill amount
Cardup with DBS Altitude/Citibank PM Visa$30K2.11Bill amount
OCBC VOYAGE Annual Fee- Option 2$120K2.14150K
Citi Prestige Annual Fee$120K2.1425K
DBS Altitude Tax Payment$30K2.5Tax bill
OCBC VOYAGE Annual Fee- Option 1$120K3.2515K

I wouldn’t use EasyBill at a 2 cent cost, but 1.43 cents can make sense if you have education or insurance payments. For rent, it’s still cheaper to use the BOC Elite Miles World Mastercard/UOB PRVI Miles/SCB Visa Infinite with the special 1.9% RentHero promotion for Milelion readers.

Conclusion

It’s good to see more and more options available to pick up miles for cheap, and this should definitely be on your radar if you’re an SCB Visa Infinite cardholder. Be sure to report in if you’re targeted for anything lower than 2%!


Purchases made through any of the links in this article may generate an affiliate commission that supports the running of the site. Found this post useful? Subscribe to our Telegram Channel to get these posts pushed directly to your phone, or our newsletter (on the right of your screen) for the latest deals and hacks delivered to your inbox.

3
Leave a Reply

avatar
1 Comment threads
2 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
2 Comment authors
chkAaron Wong Recent comment authors
  Subscribe  
Notify of
chk
Guest
chk

They must have made a mistake with me.
This morning at 11:36am I received an email titled Be rewarded with Cashback or earn 360‘ Rewards Points with SC EasyBill

I don’t have any credit card with SCB except for a SCB Mastercard. I ignored email when the example of Ted using Visa Infinite…….