Cashback Cards To Use for Insurance Premiums

Please find the most up to date article here.

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.


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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.

True Cashback

 New to Amex


  • S$80 CapitaVouchers^
  • 3% cashback on first $5,000 of spend

*min spend of S$250 required within 30 days of card approval


  • 1.5% / 3% cashback


Platinum Visa

New customers

Singsaver promo
Receive S$20 Cash via PayNow upon card approval

Maybank promo
Apply for a Maybank Credit Card and a CreditAble Account and receive:

  • First 2,000 applicants: Garmin vívomove Style
  • 2,001 onwards: S$100 cashback

Both promos stack if you sign up with the Apply button above.

Until 20th February 2022


  • 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 promo code SETHISFY!

*Valid for new-to-CardUp users before 30 June 2022 with payment due date on or before 5 July 2022.

New or Existing CardUp users

Get discounted fee of 1.75% for one-off or on recurring payments for tax! Remember to use promo code SETHTAX22. See terms


New to ipaymy
Sign up here to get $30 off the fee on your first payment!

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