CardUp Lunar New Year Promo – Get More Cashback and Miles For Cheap/Free
It’s Chinese New Year soon and the CNY promos keep coming. This time, CardUp is offering a discounted 1.8% fee for its payment service, and this is an opportunity to earn more cashback and miles. This works even if you are an existing CardUp user! New users also get an upsized welcome deal for trying out CardUp, and you can read all about it below.
What is CardUp?
For the uninitiated, CardUp is a payment service that allows you to pay for things that normally do not offer credit card payment, or give card rewards even if they do accept cards. Popular use cases include insurance, school fees, and even your mortgage.
You pay a service fee, and in return you earn card rewards with the right cards. As long as your rewards are greater than the service fee, you earn the difference!
Promo details
| New users | Existing users |
Tap here and use code SETHISFY for S$30 off fee for first payment from now until 28th February 2023. Essentially free for amounts up to S$1,153.84!Get another bonus of 0.88% discounted fee on your next payment | – |
Use code ANGBAO18 for discounted fee of 1.8% | Use code ANGBAO18 for discounted fee of 1.8% |
For existing users, the ANGBAO18 code works for payments scheduled by 28th February 2023 with due dates latest 3rd March 2023. You have to be the first 200 to use this code, and CardUp’s website will let you know whether it is fully redeemed when you apply the code. See terms and conditions here.
For new users, getting S$30 off CardUp’s usual 2.6% fee means you can make a payment of up to S$1,153.84 without any charge at all. That means you can get free miles or cashback on this amount with your favourite credit card!
For a limited time, you even get another code for a discounted 0.88% fee the following month. Just make sure your first payment is done before 28th February 2023.
Cards to use
| Card | Reward | Remarks |
| Bank of China Family | 3% (capped at S$25) | Minimum spend of S$800 |
| OCBC FRANK | 8% (capped at S$25) | Minimum spend of S$800 (max effective 3.125% if all S$800 spent on CardUp) |
| Maybank Platinum Visa | 3.33% | S$300 per month for three months for S$30 cashback, or S$1,000 per month for three months for S$100 cashback |
| Standard Chartered MANHATTAN | 3% | Minimum spend of 3%. Capped at S$200. This card is no longer available for new applicants |
| Most 1.2 to 1.6 miles per dollar cards | 1.2 to 1.6 miles per dollar | Use mile cards to buy miles with CardUp. |
Analysis of promo
For new users, this is a no-brainer thing to do as it is quite literally free miles or cashback for your first transaction. Your next transaction is much cheaper with the 0.88% code which is yet another chance to earn cashback or get cheap miles. CardUp is straightforward to use, and it is painless to set up a payment. Choosing which card to use is possibly the most time you’d spend on this endeavour.
Existing users who have been racking up cashback and miles with CardUp would no doubt find this a great way to add on more rewards at a lower fee.
Opportunity to buy miles
With a lowered service fee, you can also consider buying miles using this code. At 1.8% fee, a 1.4 miles per dollar card essentially gets you miles at 1.29 cents each (actually closer to 1.26 because the fee you pay also earns miles). It’s not the cheapest, particularly since Citi PayAll has a 1.11 promo until end of 31st January, but with CardUp you are not limited to Citibank credit cards.
If you buy enough miles at 1.29 cents (104,000 miles, to be specific), you are essentially buying a return ticket to Japan or Korea in Singapore Air’s business class for around S$1,341 (exclusive of some tax). Not everyone would pay this fare for a nice flight, of course, but if you’re someone who would, this promo is for you.
ipaymy is an alternative
You can also consider ipaymy which works similarly, and it too has a new user sign-up promo:
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
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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