CardUp extends 2.25% promo fee; offers new customers free miles on payment of up to S$1.1K

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From now till 31 Dec 2022, buy miles from 1.38 cents each with CardUp's 2.25% fee, and enjoy free miles on your first payment of up to S$1,154.

Back in 2020, CardUp started running a year-long promo that cut its headline processing fee from 2.6% to 2.25%. This was extended for 2021, and has been extended yet again all the way till 31 December 2022. 

A 2.25% fee allows cardholders to buy miles from as little as 1.38 cents each when making any kind of bill payment through CardUp.

What is CardUp?
CardUp is a bill payment platform that allows users to pay rent, income tax, insurance premiums, MCST fees, season parking, mortgage installments and more with their credit card, earning miles in the process. 

CardUp is also offering a special concessionary rate of 1.79% for rent, and 1.85% for a recurring series of at least six payments.

New CardUp customers can use the promo code MILELION to save S$30 off their first payment, with no minimum payment required. This works out to free miles on a payment of up to S$1,154- none too shabby indeed. 

How does CardUp’s discounted fee work?

To enjoy the 2.25% fee, enter the code GET225 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.

A minimum payment of S$130 is required, and the payment must be set up on or before 31 December 2022 with a due date on or before 5 January 2023. This code is valid for any CardUp payment made with a Singapore-issued Visa or Mastercard.

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

How much do miles cost with this promotion?

Here’s what a 2.25% fee means for your cost per mile with various credit cards. For more information on whether this is “worth it”, have a read of my guide to valuing miles. 

CardMPDCPM
@ 2.25%
Citi ULTIMA1.61.38
DBS Insignia1.61.38
UOB Reserve1.61.38
OCBC Premier, PPC, BOS VOYAGE
1.61.38
SCB Visa Infinite1.4*1.57
UOB PRVI Miles1.41.57
UOB Visa Infinite Metal1.41.57
Citi Prestige1.31.69
OCBC VOYAGE1.3
1.69
OCBC Premier Visa Infinite1.281.72
Citi PremierMiles
1.21.83
SCB X Card1.21.83
DBS Altitude Visa1.21.83
OCBC 90N1.21.83
KrisFlyer UOB1.21.83
*With minimum S$2K spend per statement month, otherwise 1.0 mpd

New to CardUp?

If you haven’t made a CardUp transaction before, you can use the promo code MILELION to save S$30 off your first transaction-no minimum spend required. This allows you to earn free miles on a payment of up to S$1,154 (based on CardUp’s regular admin fee of 2.6%). 

You can subsequently use the GET225 promo code for the rest of your payments. 

Paying rent?

If you’re looking to pay rent, CardUp recently extended its rent payment promotion until 30 June 2022.

Customers can use the code SAVERENT179 to enjoy an admin fee of just 1.79% on rental payments. This allows them to buy miles from as little as 1.1 cents each, depending on their credit card.

Recurring payments?

CardUp is also offering a concessionary 1.85% fee on the first six payments of a recurring schedule made with a Visa card and the code RECURRING185

This code is available till 30 June 2022, and miles will cost upwards of 1.14 cents each depending on card. 

CardUp FAQ

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

CardUp has extended its promotional 2.25% admin fee till the end of 2022, and could be your only option for earning rewards on things like insurance and education payments. You’ll need to make a judgement call as to whether miles earned justify the admin fee, but I personally would be a buyer at any cpm at or around 1.5 cents. 

If you’ve got bills to pay, be on the lookout also for any upcoming Citi PayAll promotions as well. Citibank went crazy with the offers last year, but it remains to be seen if they’ll be taking the same approach in 2022.

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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