CardUp is a platform that allows you to pay all sorts of bills with your credit card, earning miles on insurance, car loans, season parking, MCST fees, income tax, mortgage installments or rent.ย
With regards to rent, CardUp has extended its 1.79% promotional admin fee for rental payments till 31 January 2023.ย This allows users to buy miles from as little as 1.1 cents each, depending on their credit card.
CardUp 1.79% rental payment promo
To enjoy the 1.79% fee, use the code SAVERENT179 when setting up your payment. You can enter this in the promo code field.ย
No minimum payment is required, but your payment must be set up on or before 31 January 2023, with a due date on or before 3 Feburary 2023. This code is valid with any Singapore-issued Visa, Mastercard or UnionPay card.ย
If this is your first payment with CardUp, you can save S$30 off the admin fee of your first payment (of any amount) with the promo code MILELION. Subsequently, you can edit your payment series to use the SAVERENT179 code for further savings.
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 (remember, the offer is not available for AMEX)
In case you’re curious as to how the figures below are derived, consider a S$1,000 rental payment with a 1.79% fee. The total amount charged to your card would be S$1,017.90, which would earn 1,629 miles with a 1.6 mpd card (ignore rounding).ย
You’ve basically paid S$17.90 for 1,629 miles, which yields a cost per mile of 1.10 cents.ย
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 Credit Card | 1.2 | 1.47 |
*With minimum S$2K spend per statement month, otherwise 1.0 mpd |
With a 1.79% fee and an earn rate of 1.2 to 1.6 mpd, the cost per mile goes down to as little as 1.1 cents each, a fantastic price to buy miles even if your valuation happens to fall towards the lower range of the spectrum.ย
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).
โ CardUp FAQ |
Q:ย What cards earn miles with CardUp?ย
Q:ย Do any cards earn 10X with CardUp? Q:ย Does CardUp spending count towards sign up bonuses/promotional bonuses? Q:ย Do I earn miles on the CardUp fee too? |
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 schedule your payments on or before 31 January 2023ย to take advantage of this offer.ย
Thanks for sharing this information
I was looking at what RentHero offered as a comparison. It seems, unless you have an eligible card above 1.2mpd, it might still be better to go with RentHero’s 1.75% fee and a DBS Altitude Visa card.
Renthero is a good alternative too, but unfortunately has been excluded by numerous banks. Dbs is one of the few remaining options for that platform, and since its not difficult to get a card with more than 1.2 mpd, well…
Very helpful. Thank you, Aaron!
Hopefully Citibank will give us a new promo in 2022! This is a solid backup though.
Does cardup rental payments count towards the $2000 monthly scb visa infinite spend?
yup.
Need to add Vantage to the list, 1.5 mpd