CardUp has launched a “4th Payment Free” promo that’s valid for recurring quarterly and monthly payments for insurance, condo fees, education, or helper salaries.
By using the promo code EVERY4FREE, you’ll pay the regular 2.6% fee for 3 payments, then get the 4th at 0%. That’s an effective fee of 1.95%.
For example, if I make a S$1,000 payment each month, here’s what my fees look like for the first 4 months.
|If this is your first-ever payment with CardUp, you can get S$20 off a minimum payment of S$1,000 with the promo code MILELION|
The promo works slightly differently for quarterly and monthly payments, so do take note of the following:
Each payment must be a minimum of S$500 and you’re free to set up multiple payments with this promo code. For example, you could set up one insurance, one condo fee and one helper salary payment.
This code is valid for Visa or Mastercard credit cards issued in Singapore only and the full T&C can be found here.
What’s the cost per mile?
With the 4th payment free, the 2.6% admin fee is effectively cut to 1.95% per month. Here’s how much miles will cost with each card:
|MPD||CPM @ 1.95%|
DBS Altitude Visa
Citi PremierMiles Visa
OCBC 90°N Card
UOB PRVI MilesSCB Visa Infinite
(Spend >$2K per month)UOB Visa Infinite Metal Card
BOC Elite Miles World Mastercard
OCBC VOYAGE (BOS/Premier Banking)
I’m attaching the usual CardUp FAQ below. Be sure to have a read, because it answers commonly asked questions like whether CardUp payments count towards sign up bonuses (they mostly do) and whether there are any 10X opportunities (there aren’t).
Q: What cards earn miles with CardUp?
Q: Does CardUp spending count towards sign up bonuses/ promotional bonuses?
Q: Do I earn miles on the CardUp fee too?
What about rental?
The EVERY4FREE code is also valid for rent, but you’re better off using the SAVERENT19 code to enjoy a 1.9% admin fee till the end of the year.
This promotion lets you buy miles at the 1.2-1.6 cents range, which is generally pretty reasonable given our valuation of a mile. For a detailed list of ways to buy miles in Singapore, be sure to have a read of this article which summarizes the various options.