CardUp extends 1.79% rent payment promo till February 2023

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From now till 31 January 2023, enjoy a 1.79% fee when paying rent through CardUp. Earn miles from as little as 1.1 cents each, depending on card.

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. 

With regards to rent, CardUp has extended its 1.79% promotional admin fee for rental payments till 31 January 2023. 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. 

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. 

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). 

You’ve basically paid S$17.90 for 1,629 miles, which yields a cost per mile of 1.10 cents. 

CardMPDCPM
@ 1.79%
Citi ULTIMA1.61.10
DBS Insignia1.61.10
UOB Reserve1.61.10
OCBC Premier, PPC, BOS VOYAGE
1.61.10
SCB Visa Infinite1.4*1.26
UOB PRVI Miles1.41.26
UOB Visa Infinite Metal1.41.26
Citi Prestige1.31.35
OCBC VOYAGE1.3
1.35
Citi PremierMiles
1.21.47
SCB X Card1.21.47
DBS Altitude Visa1.21.47
OCBC 90N1.21.47
KrisFlyer UOB Credit Card1.21.47
*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. 

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).

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 (except HSBC):

  • American Express® Singapore Airlines KrisFlyer Credit Card
  • American Express® Singapore Airlines KrisFlyer Ascend Credit Card
  • American Express® Singapore Airlines PPS Club Credit Card
  • American Express® Singapore Airlines Solitaire PPS Club Credit Card
  • Bank of China Elite Miles World Mastercard
  • Citi PremierMiles Visa Card
  • Citi PremierMiles American Express Card
  • Citi PremierMiles Mastercard
  • Citi Prestige Card
  • Citi ULTIMA Card
  • DBS Altitude Visa Signature Card
  • DBS Altitude American Express Card
  • DBS Insignia Visa Infinite Card
  • DBS Treasures Black Elite American Express Card
  • OCBC Voyage Card
  • OCBC 90ºN Card
  • Standard Chartered Priority Banking Visa Infinite Credit Card
  • Standard Chartered Visa Infinite Credit Card
  • Standard Chartered Visa Infinite X Credit Card
  • UOB PRVI Miles Mastercard
  • UOB PRVI Miles Visa Card
  • UOB PRVI Miles American Express Card
  • UOB Reserve Card
  • UOB Visa Infinite Metal Card
  • KrisFlyer UOB Credit Card

Q: Do any cards earn 10X with CardUp?
A: No. CardUp will not be eligible for 10X with any of the cards on the market

Q: Does CardUp spending count towards sign up bonuses/promotional bonuses?
A: For most cards, CardUp spending is treated the same way as any other retail spend. However, some banks (SCB X Card, UOB PRVI Miles) have excluded it from the spending requirement to hit sign up bonuses. Always read the T&C carefully for specific exclusions

Q: Do I earn miles on the CardUp fee too?
A: Yes. Suppose you make a payment of $100 with a 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

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 2023 to take advantage of this offer. 

Aaron Wong
Aaron Wong
Aaron founded The Milelion to help people travel better for less and impress chiobu. He was 50% successful.

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Elena

Thanks for sharing this information

Isaac

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.

Kevin

Very helpful. Thank you, Aaron!

TS77

Hopefully Citibank will give us a new promo in 2022! This is a solid backup though.

Jimmy

Does cardup rental payments count towards the $2000 monthly scb visa infinite spend?

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