CardUp cuts rent payment fee to 1.79%; buy miles from 1.1 cents each

CardUp has further reduced its admin fee for rental payments from 1.9% to 1.79%, valid for all payments scheduled on or before 31 December 2021. This allows users to buy miles from as little as 1.1 cents each, depending on their credit card

Use code: SAVERENT179

How does CardUp’s discounted fee work?

To enjoy the 1.79% fee, use the code SAVERENT179 when setting up your payment. If you have existing payments scheduled, there’s no need to cancel them- you can edit them in the dashboard to add this promo code instead.

No minimum payment is required, but it must be set up on or before 31 December 2021, with a due date on or before 5 January 2022. This code is valid with any Singapore-issued Visa or Mastercard.

If this is your first payment with CardUp, you have the following additional options:

• Save S$20 off the admin fee for your first payment of S$1,000 or more with the promo code MILELION
• Enjoy an admin fee of 1.6% on your first two recurring payments of at least S$500 with the promo code HOLIDAY16ML

The full T&C of this promotion can be found here.

How much do miles cost with this promotion?

Here’s what a 1.79% fee means for your cost per mile with various credit cards. The cost goes down to as little as 1.1 cents each, which is a fantastic price to buy miles at even if your valuation happens to fall towards the lower range of the spectrum. 

Card	MPD	CPM @ 1.79%
Citi ULTIMA	1.6	1.10
DBS Insignia	1.6	1.10
UOB Reserve	1.6	1.10
OCBC Premier, PPC, BOS VOYAGE	1.6	1.10
SCB Visa Infinite	1.4*	1.26
UOB PRVI Miles	1.4	1.26
UOB Visa Infinite Metal	1.4	1.26
Citi Prestige	1.3	1.35
OCBC VOYAGE	1.3	1.35
Citi PremierMiles	1.2	1.47
SCB X Card	1.2	1.47
DBS Altitude Visa	1.2	1.47
OCBC 90N	1.2	1.47
KrisFlyer UOB	1.2	1.47
BOC Elite Miles	1.0	1.76
*With minimum S$2K spend per statement month, otherwise 1.0 mpd

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).

Conclusion

Rental payments can be a very cheap source of miles in Singapore, and if you happen to hold one of the higher earning general spending cards, it’s definitely an option to consider.

Do remember to scheduled your payments on or before 31 December 2021 to take advantage of this offer, and if you’re using the old SAVERENT19 code, edit the rest of your payments in the dashboard to save more.