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.

Amex
True Cashback
New to Amex
Receive*
3% cashback on first $5,000 of spend (Grab top ups get 1.5% instead)
Rewards
- 1.5% / 3% cashback
Alternatives:

Maybank
Platinum
🔥 👍🏼
New customers
Maybank promo
Apply for a Maybank Credit Card and a CreditAble Account, make a min spend of $300 per month for 2 consecutive months, and receive:
- First 4,500 applicants: Samsonite Harts 68/25 Spinner (worth S$500)
- 4,501 onwards: S$100 cashback
Note that you do not need to use the Creditable Account if you wish, and can just meet the requirement using the credit card.
Spend $300/$1,000 per month for a quarter and get $30/$100 cashback! That is 3.33% and it works for Cardup and ipaymy.
Rewards
- 3.33% cashback
Conditions
- Spend $300/$1,000 every month for three months to get $30/$100 every quarter (3.33%)
Rewards
- 1.5% / 3%
Conditions
- 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.

CardUp
New to CardUp
Use promo code SETHISFY: get $30 off the fee on your first payment! Make first payment before 28th February 2023 and further get next transaction at a discounted 0.88% fee!
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