CardUp offering discounted 1.75% fee on property tax payments, buy miles from 1.07 cents

CardUp has launched a new promotion for property tax payments, which offers users a discounted 1.75% admin fee for payments made with a Visa card up till 31 January 2024. 

This reduces the cost per mile to as low as 1.07 cents, depending on which card you hold. 

CardUp property tax payments promotion

Code	MLPROP175
Limit	No cap on total redemptions, but max 1x per user
Admin Fee	1.75%
Min. Spend	None
Cap	S$10,000
Schedule By	31 January 2024, 6 p.m SGT
Due Date By	5 February 2024
Validity	Visa cards only

Both new and existing CardUp users can use the code MLPROP175 to enjoy a 1.75% admin fee on a single property tax payment. 

The payment must be scheduled on CardUp by 31 January 2024, 6 p.m (SGT), with a due date on or before 5 February 2024.

No minimum payment is required, but there is a cap of S$10,000. CardUp’s prevailing 2.6% fee will apply to any portion of the payment above S$10,000. 

There is no limit on the overall number of redemptions, but each user can only enjoy the promo code once.

For a guide to making property tax payments on CardUp, refer to this guide. 

Terms & Conditions

The T&Cs for the MLPROP175 code can be found here.

What’s the cost per mile?

Here’s the cost per mile for various Visa cards in Singapore, given the earn rates and a 1.75% admin fee. 

Card	Earn Rate	Cost Per Mile (1.75% fee)
DBS Insignia	1.6	1.07¢
UOB Reserve	1.6	1.07¢
OCBC VOYAGE (Premier, PPC, BOS)	1.6	1.07¢
Citi ULTIMA	1.6	1.07¢
DBS Vantage	1.5	1.15¢
StanChart VI	1.4*	1.23¢
UOB PRVI Miles Visa	1.4	1.23¢
UOB VI Metal	1.4	1.23¢
DBS Altitude Visa	1.3	1.32¢
OCBC VOYAGE	1.3	1.32¢
OCBC 90°N Visa	1.3	1.32¢
OCBC Premier VI	1.28	1.34¢
SCB Journey Card	1.2	1.43¢
*1.4 mpd applies with minimum S$2K spend per statement month, otherwise 1.0 mpd. CardUp spending counts towards the minimum spend.

Remember, both the tax payment amount and the CardUp fee are eligible to earn miles.

For example, someone who pays a S$1,000 property tax bill via CardUp would pay S$1,017.50 after fees. If he uses a 1.4 mpd card, he will earn 1,425 miles (ignoring rounding), for which he has paid a fee of S$17.50. The cost per mile is therefore 1.23 cents each.

Depending on what card you use, the cost per mile can start from as low as 1.07 cents each, which is a very compelling price to pay. Even if you have one of the more basic 1.2 mpd earning cards, you can still enjoy a relatively competitive price of 1.43 cents per mile.

Citi PayAll alternative

Citi PayAll 1.8 mpd Promo

From now till 29 February 2024, Citi PayAll is offering an upsized 1.8 mpd earn rate on all Citi PayAll transactions, which given the 2.2% admin fee reduces the cost per mile to 1.22 cents. 

The main catch is that you need to make cumulative payments of at least S$8,000, so if your property tax bill is less than that, or if you have a Visa card that earns at least 1.5 mpd, then CardUp would be the better option.

For the full details of this offer, refer to the post below.

Citi PayAll offering 1.8 mpd on all payments; buy miles at 1.2 cents each

Conclusion

CardUp Pricing

First-time CardUp users save S$30 off their first payment with the promo code MILELION. No minimum payment required; for Visa and MC cards only

CardUp is offering new and existing customers a discounted admin fee of 1.75% for making property tax payments with a Visa card and the promo code MLPROP175.

Depending on the card you have, it could be a way of generating miles from as little as 1.07 cents apiece, though you should also consider the Citi PayAll alternative if you can meet the minimum spend requirement.