Best Cashback and Miles Cards To Use for Insurance Premiums
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.
For policies that accept credit cards directly
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, below are some options to get some cashback or miles if you can charge your insurance premiums to your card directly
As card terms are constantly changing, please check the terms and conditions of your card before proceeding.
Cashback Cards
| Card | Earn Rate | Monthly Cap | Requirement |
|---|---|---|---|
 Maybank Platinum Visa | 3.33% cashback¹ | S$90 / S$300 / S$600 spend | 💲 Quarterly spend of S$300, S$1,000, or S$2,000 per month |
 UOB Absolute | 1.7% cashback | Unlimited | 💳 Policy needs to accept Amex |
 Amex True Cashback | 1.5% cashback | Unlimited | 💳 Policy needs to accept Amex |
 BOC NVMO | 1% cashback | S$25 cashback (S$2,500 spend) | 💲 Min. spend of S$800 per billing cycle 📋 MCC 5960, 6300, 6381, and MCC 6399 |
- Maybank Platinum Visa requires a quarterly spend of S$300, S$1,000, or S$2,000 per month for cashback, but limits the amount you can put on things like insurance premiums to just 30% of the monthly spend requirement (i.e. S$90, S$300, and S$600 respectively)
You may want to see this post for a comparison between the “no exclusions” cards.
Miles Cards
| Card | Earn Rate | Monthly Cap | Requirement |
|---|---|---|---|
 Maybank Visa Infinite | 1.2 miles per dollar | S$3,000 | Annual income of S$150,000 |
 Maybank Horizon | 0.16 miles per dollar | Unlimited | |
 Chocolate Card | 1 mile per dollar | S$100 | HeyMax account required Earn rate increases with Multiplier Programme |
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 possible to get cashback in excess of the fees. For those who prefer miles, it is also a chance to buy miles for a relatively cheap price. Check out the guide for more info.
CardUp
Pay for things that don’t accept credit cards and earn points or cashback. See the guide here.
🎁 New Users
Use code SETHISFY for reduced fee of 2.3% on the first personal payment¹ (up to S$5,000)
⚠️ Terms and Conditions
For reference only; refer to exact details in terms and conditions
ipaymy
Pay for things that don’t accept credit cards and earn points or cashback. See the guide here.
🎁 New Users
Sign up here for S$30 off transaction fee for your first payment!
⚠️ Notes
After signing up with the link, an email will be sent to you with the code.
For reference only; refer to exact details in terms and conditions
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Seth Wee was a licensed financial adviser representative from 2009 to 2025, with over 16 years of experience in Singapore’s financial advisory industry.
He started Sethisfy.com in 2019 to share practical insights on credit cards, banking products, and miles strategies, helping readers identify financial products that deliver the best value. Seth has been featured in CNA, Channel 8, Today, and a host of other publications. In 2025, he was also part of a panel at CPF’s Ready For Life festival.
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Please exercise due diligence when signing up for any service/product as I will not be liable for any personal loss, financial or otherwise. Content published here are my sole views and personal opinion, and none of the information here constitutes personal financial advice nor represents the views of my employer(s).
Would recommend the KrisFlyer UOB Debit Card as well