Insurance premiums are a commonly excluded item in most credit cards’ terms and conditions for rewards. Nevertheless, there are still a few rare cards that give rewards for paying premiums, and also some workarounds to get cashback and miles out of our insurance policies. Here are some cashback options.
For policies that directly accept cards
Most policies accept credit cards for the initial premium. Some may not accept it for renewal premiums. If your policy allows you to pay directly with a card, here are some options to get cashback (as card terms are constantly changing, please check the terms and conditions of your card before proceeding):
Safest: GrabPay MasterCard
If your insurer doesn’t take Amex, you can top up your Grab wallet, then use GrabPay MasterCard to pay for your insurance premiums.
- $160 cashback* or ErgoTune Classic (worth S$399)*
- $20 Diary Farm Group Voucher^
- 3% cashback on first $5,000 within 6 months
*min. spend of S$500 must be made within the first month of card approval
^sign up with SingPass MyInfo and make one spend
Valid until 31st July 2021
- 1.5% / 3% cashback
New and existing customers
No bonus reward from Singsaver at the moment. Check back soon!
- 3.33% cashback
- Spend $300/$1,000 every month for three months to get $30/$100 every quarter (3.33%)
- 1.5% / 3%
- 3% cashback for new customers (first $5,000 in first 6 months)
For policies that don’t accept credit cards
Many policies, unfortunately, do not accept credit cards. You can still use your card for this, thanks to the services below. You need to pay a fee, but it’s worth it to get some cashback if you use an appropriate card. Read my article for more information; it’s on income tax, but the same applies for insurance premiums.
New to CardUp
Get $30 off the fee on your first payment! Remember to use the promo code listed!
New and existing users
Get 1.75% off the fee on your income tax payment! Until 24th August.
New to ipaymy
Use code SETHISFY25 for $25 off the fee of your first transaction! Sign up here and remember to use the code.
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