CardUp Promo: Pay Bills and Buy Max Miles From 1.46¢ Each With PayNow

CardUp has launched a rather interesting partnership with HeyMax that lets you earn Max Miles when paying bills like your mortgage, insurance premiums, property tax and condo MCST fees.

Unlike the usual way of using CardUp, you don’t pay with a credit card for this. Instead, you make your payment via PayNow, pay a CardUp processing fee, and receive up to 4 Max Miles per dollar.

In other words, this is essentially an opportunity to buy Max Miles from as little as 1.46¢ each while settling bills you would have needed to pay anyway.

The promotion runs until 31st December 2026.

Two options: Standard vs Accelerated

There are two tiers to choose from for each eligible payment:

	Standard	Accelerated
Max Miles Earn Rate	0.7 Max Miles/S$1	4 Max Miles/S$1
CardUp Fee	Promo: 1.25% (Usual: 1.65%)	Promo: 5.85% (Usual: 7.65%)
Promo Code	STANDARD125	FAST585
Cost Per Max Mile	Promo: ~1.79¢ (Usual: ~2.36¢)	Promo: ~1.46¢ (Usual: ~1.91¢)

Despite the much scarier-looking 5.85% fee, the Accelerated tier actually gives you a cheaper cost per mile. At 4 Max Miles per dollar, every S$1,000 payment generates 4,000 Max Miles for a S$58.50 CardUp fee. This works out to roughly 1.46¢ per Max Mile.

The Standard tier charges a much lower 1.25% fee, but also gives you only 0.7 Max Miles per S$1. This works out to around 1.79¢ per Max Mile which makes it a lot less attractive.

Promo capped at the first 10,000 Max Miles

The promotional fees only apply to your first 10,000 Max Miles earned across both tiers combined. Here is how much you would need to pay to exhaust the full allowance using either tier:

	Standard	Accelerated
Earn Rate	0.7 Max Miles/S$1	4 Max Miles/S$1
Payment Required	~S$14,285.71	S$2,500
Max Miles Earned	10,000	10,000
CardUp Fee	~S$178.57	S$146.25
Cost Per Mile	~1.79¢	~1.46¢

This makes the Accelerated tier the obvious choice if your intention is simply to acquire Max Miles as cheaply as possible. You can effectively pay S$146.25 to acquire 10,000 Max Miles while simultaneously settling S$2,500 of eligible bills.

Codes can be used multiple times, though the promotional rate will not apply after you have reached the maximum miles earned.

Is 1.46¢ per Max Mile worth paying?

Valuing miles can be a tricky affair since the retail price of business class tickets is not what many people are willing to pay. Just because a company sells a product for thousands of dollars does not mean it is actually worth that much.

Max Miles, however, can be priced at a baseline valuation of 1.8¢ per mile because of HeyMax’s FlyAnywhere programme. FlyAnywhere allows you to redeem your Max Miles for any flight that you pay actual money for, offsetting 1.8¢ of spend per Max Mile redeemed.

Using FlyAnywhere as the benchmark:

	Standard	Accelerated
Cost Per Max Mile	~1.79¢	~1.46¢
FlyAnywhere Value	1.8¢	1.8¢
10,000 Max Miles Worth	S$180	S$180
Cost to Acquire 10,000	~S$178.57	S$146.25
Difference	~S$1.43	S$33.75

The Standard tier is therefore barely worthwhile if you’re intending to use FlyAnywhere.

The Accelerated tier is much more interesting. You are paying around 1.46¢ for something that can be used at 1.8¢ towards flights, giving you a buffer even without trying to squeeze outsized value from airline award redemptions. When used for FlyAnywhere rebates, a S$33.75 of net gain derived on S$2,500 of bill payments, is a net effective yield of 1.35% rebate.

Of course, if you have a taste for business class flights, you can potentially get significantly more than 1.8¢ per mile by transferring them to an airline programme and redeeming premium cabin flights.

Only four types of payments qualify

For now, the promotion supports only:

• Mortgage payments
• Insurance premiums
• Property tax
• Condo and MCST fees

Payments must be made through a CardUp Personal account via PayNow. Credit card payments do not earn Max Miles under this promotion.

What happens after the first 10,000 miles?

You can continue earning Max Miles after exhausting your promotional allowance, but the fees increase to:

	Standard	Accelerated
Earn Rate	0.7 Max Miles per dollar	4 Max Miles per dollar
Regular Fee	1.65%	7.65%
Cost Per Max Mile	~2.36¢	~1.91¢

This is quite expensive, and not worth it in my books. It can still potentially make sense if you have a specific airline award in mind where you know you can extract significantly more value from your miles. This is particularly so if you are short on a small amount of miles, but I wouldn’t buy a large pile of miles at these regular rates.

If a transaction pushes you beyond your remaining 10,000-mile promotional entitlement, CardUp will split the transaction automatically. The portion within your remaining entitlement receives the promotional fee while the excess is charged at the prevailing rate.

New users can get sign-up rewards

You will need a CardUp and a HeyMax account, and you can sign up below for bonus rewards:

Important things to note

There are a few other conditions worth taking note of:

You must manually use STANDARD125 or FAST585 when setting up the respective payment; the promotional fee is not automatically applied. Also, payments must be scheduled by 6PM on 31st December 2026, with the payment due date no later than 4th January 2027.

Max Miles should be credited within 10 business days after the recipient successfully receives the payment.

See full terms and conditions here.

Subscribe for more deals and updates!

With recent hikes in fees, services like CardUp has been difficult to recommend. CardUp knows this, and the switch to HeyMax and PayNow seems like an interesting way to handle the increasing costs of running a payment service like this while still offering users some value.

Stay tuned for more interesting updates, I guess.

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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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