Best Credit Cards for Hospital Bills 2019

Whether you're dealing with big doctors' bills right now or regularly spend on your health, you may be interested in a credit card that offers rewards for medical spend. Most credit cards actively exclude hospital spend from earning rewards. So, to make things easier, we scoured the terms & conditions of 100+ cards in Singapore to find which actually do provide cash rebates or miles.

Best Credit Cards for Paying Hospital Bills
Best Cashback for Big Hospital BillsHSBC AdvanceUp to 3.5% cashback capped at S$125/month
Unlimited Cards1.5% unlimited cashback with extra perks
Medical Payments in 0% InstalmentsOCBC CashfloRebate on instalments w/ no processing fee
SC SingPost Spree3% rebate on foreign online & vPost spend
No-Fee CardsHSBC Revolution2 miles per S$1 online spend (inc. bill pay)
Health & Wellness RebatesPOSB EverydayCashback on essentials + transit perks
Citi SMRT CardEZ-Link compatible with no minimum spend

Best Credit Cards for Paying Big Hospital Bills

Depending on the procedure and hospital, medical bills can be quite large. The following cards allow consumers to continue earning rewards beyond the caps of typical cashback cards.

Best Rebate Card for Paying Large Hospital Bills: HSBC Advance Card

Consider this if you spend at least S$3,500 per month and are open to a bank account with HSBC

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000
Promotions:
  • Receive Samsonite T5 68cm Spinner luggage or S$150 cashback
  • Apply online with MyInfo via SingPass, receive S$20 in Grab rides

If you’re open to an HSBC Advance account, you can quickly maximise rebates for medical spend with HSBC Advance Card. Advance banking customers earn a high 3.5% flat rebate on all spend–including public and private hospitals–after just S$2,000 spend (2.5% if below), up to S$125/month. The closest competitor only rewards spend at private hospitals and caps earnings at S$100/month. HSBC Advance Card also has no annual fee for Advance customers. This means you can focus on paying your bills without worrying about extra costs.

HSBC Advance Card is less beneficial for non-Advance customers. While they also earn rebates for medical spend, they're only eligible for 2.5% cashback after S$2,000 spend (1.5% if below), up to a less-than-competitive S$70/month. If you’re paying large bills, the difference in cashback becomes quite pronounced–for example, an Advance customer would earn S$125 rebate by charging a S$3,600 hospital bill; a non-Advance customer would earn just S$70. Non-Advance customers also must pay a S$192.6 fee, waived only with S$12,500 annual spend. Ultimately, we’d recommend checking to see if you qualify for an Advance account, and therein, the HSBC Advance Card.

Read Our Full Review

  • Annual fee: S$180.0, waived for Advance banking customers
  • Up to 3.5% flat rebate for Advance customers (2.5% for others)
  • Up to 16% fuel savings with Caltex, 14% with Shell
  • Annual fee: S$180.0, waived for Advance banking customers
  • Up to 3.5% flat rebate for Advance customers (2.5% for others)
  • Up to 16% fuel savings with Caltex, 14% with Shell

Best Unlimited Cashback Card + EZ-Link: Standard Chartered Unlimited Cashback Card

Consider this if you want unlimited cash rebate and can spend more than S$7,000 per month

Annual Income Requirement S$30,000
Foreigner Income Requirement S$60,000
Promotions:
  • Receive up to S$80 cashback w/ approval
  • Unlock up to 5% rebate and S$80 Sign-up bonus when you open Unlimited$aver savings account
  • Receive up to S$50 cashback on electric bill w/ OEM sign-up w/ select retailers

If you need to pay large medical or hospital bills, chances are you’ll feel limited by typical capped cashback cards. Standard Chartered Unlimited Cashback Card offers unlimited earning potential, so no matter how much you need to spend, you’ll continue earning a flat 1.5% cashback.

This cashback rate includes spend on both public and private hospitals. So, if you need to pay S$8,000 for a medical procedure, you’ll earn S$120 rebate. Even the best capped alternatives offer just S$100 at this spend level.

Another reason to consider SC Unlimited Cashback Card instead of other unlimited cards is for its excellent transport benefits. Not only is it EZ-Link compatible (with Auto Top-Ups eligible for rebates), it also offers up to 21% fuel savings with Caltex. While there’s a S$192.6 fee, it’s waived for 2 years, so you won’t need to worry about card costs when you’re paying your bills. Ultimately, SC Unlimited Cashback Card is the best option for paying big medical bills if you’re also interested in transport benefits.

Read Our Full Review

  • Annual fee: S$192.6, 2-year waiver
  • Unlimited 1.5% cashback on all spend
  • EZ-Reload functionality (Auto Top-Ups eligible for rebate)
  • Up to 21% fuel savings with Caltex
  • Annual fee: S$192.6, 2-year waiver
  • Unlimited 1.5% cashback on all spend
  • EZ-Reload functionality (Auto Top-Ups eligible for rebate)
  • Up to 21% fuel savings with Caltex

Best Unlimited Cashback Card with Amex Benefits: American Express True Cashback Card

American Express True Cashback Card
American Express True Cashback Card

Consider this if you want unlimited amount of cash rebate and value American Express's services

Annual Income Requirement S$30,000
Foreigner Income Requirement S$60,000
Promotions:
  • Earn +1% cashback boost on foreign currency transactions (for 2.5% total rebate)
  • Receive S$20 CapitaVoucher for each of 1st 2 supplementary cards

American Express True Cashback Card is an excellent option for paying large hospital bills because of its unlimited 1.5% rewards rate, boosted to 3% during the first 6 months (up to S$150). This is perfect if you’re paying your medical bills currently, or in the near future. Additionally, cardholders enjoy perks like American Express Global Assist–which provides free English-speaking doctor referrals when overseas–and travel accident insurance, covering up to S$350,000 for injuries.

Other perks include access to American Express Selects and True Cashback card promotions, which offer discounts and deals on everything from dining to wedding expenses. Ultimately, however, this card is especially great if you want maximum rewards for big hospital bills that you need to pay right away.

Read Our Full Review

  • Annual fee: S$171.2, 1-year waiver
  • Unlimited 1.5% cashback on all spend
  • Free travel insurance & Amex Selects Privileges
  • Up to 22.2% fuel savings with SPC
  • Annual fee: S$171.2, 1-year waiver
  • Unlimited 1.5% cashback on all spend
  • Free travel insurance & Amex Selects Privileges
  • Up to 22.2% fuel savings with SPC

Best Cards for Paying Hospital Bills in 0% Interest Instalments

Sometimes, a hospital bill may be too large to pay back all at once. These cards offer the best 0% instalment plans for splitting medical payments.

Best for Earning Rebates on Bill Pay over Instalments: OCBC Cashflo Card

Consider this if you want to earn rebates on your 0% instalment payments

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000
Promotions:
  • Earn S$50 rebate w/ card approval
  • Up to 55% off single trip travel insurance

OCBC Cashflo Card is the only rebate card on the market that allows consumers to net-earn on split payments. At a specific spend threshold determined by the cardholder, payments are automatically split into instalments across 3 or 6 months. Most instalment plans require call-ahead or retroactive applications, making OCBC Cashflo Card especially convenient. Even better, cardholders don’t need to pay a processing fee–other card plans charge up to 5% of the transaction amount.

OCBC Cashflo Card’s instalment plan truly stands out, however, because cardholders can earn up to 1% rebate (after S$1,000 spend; 0.5% if below) on purchases made on the plan. Most plans exclude split payment from earning rewards. Even cards that do reward such payments charge processing fees, which results in a net cost to the consumer. Only with OCBC Cashflo Card can consumers split larger payments, never pay interest, avoid a processing fee, and still earn cashback.

This is especially great if you’re faced with large medical or hospital bills that you need to pay back over time. To put it in perspective, if you pay off a S$5,000 bill over 6 months, you’ll actually earn S$50 with OCBC Cashflo. If you paid this same bill with competitor cards, you’d either earn nothing at all, or potentially lose as much as S$140. In addition, OCBC Cashflo Card offers a fee-waiver with S$10,000 annual spend. If you’re splitting a big hospital bill into instalments, there’s no better option than OCBC Cashflo Card.

Read Our Full Review

  • Annual fee: S$160.5, 2-year waiver, subsequently with S$10,000 annual spend
  • 1% flat rebate with S$1,000 minimum spend (0.5% if below)
  • 0% Interest Instalment Plan with no processing fee
  • Trigger scheme automatically splits payments at specified threshold
  • Up to 16% fuel savings with Caltex, 14% with Esso
  • Annual fee: S$160.5, 2-year waiver, subsequently with S$10,000 annual spend
  • 1% flat rebate with S$1,000 minimum spend (0.5% if below)
  • 0% Interest Instalment Plan with no processing fee
  • Trigger scheme automatically splits payments at specified threshold
  • Up to 16% fuel savings with Caltex, 14% with Esso

Best Cashback Card for Online & Overseas Payments: Standard Chartered SingPost Spree Card

Consider this if you shop frequently from websites outside of Singapore

Annual Income Requirement S$30,000
Foreigner Income Requirement S$60,000
Promotions:
  • Receive up to S$80 cashback w/ approval
  • Receive up to S$50 cashback on electric bill w/ OEM sign-up w/ select retailers

Standard Chartered SingPost Spree Card is great for online hospital bill payments in instalments. Cardholders can access EasyPay, which is a 0% interest instalment plan that splits transactions of at least S$500 across up to 12 months. Unlike many other plans, EasyPay rewards payments on the plan upfront. In other words, if you split a large hospital bill into instalments, you can pay them back over a year, but earn cashback on the entire bill right away. There is a 5% processing fee, however.

SC SingPost Spree Card also offers value in itself. Cardholders earn 3% on foreign online & vPost transactions and 2% for local online & contactless purchases–which ultimately, makes it a great card for online hospital bill payments. General spend earns 1% cashback. While there’s no minimum requirement, earnings are capped at S$60/month and can be maxed out with as little as S$2,000 spend. Overall, SC SingPost Spree Card is great for online payment of hospital bills, including over instalments.

Read Our Full Review

  • Annual fee: S$192.6, 2-year waiver
  • 3% cashback on foreign online & vPost transactions, 2% local online & contactless transactions
  • 1% cashback on general spend
  • Up to 20% discounts with vPost, SmartPac, Lock+Smart
  • Online Price Guarantee & 0% Interest Instalment Plan
  • Up to 19.8% fuel savings with Caltex
  • Annual fee: S$192.6, 2-year waiver
  • 3% cashback on foreign online & vPost transactions, 2% local online & contactless transactions
  • 1% cashback on general spend
  • Up to 20% discounts with vPost, SmartPac, Lock+Smart
  • Online Price Guarantee & 0% Interest Instalment Plan
  • Up to 19.8% fuel savings with Caltex

Best No-Fee Credit Cards for Paying Hospital & Medical Bills

It’s enough to have to worry about hospital bills–the following cards offer great ways to earn on medical bill payments while also avoiding annual fees.

Best Miles Card for Online Bill-Pay: HSBC Revolution Card

Consider this if you spend mostly on shopping, dining and entertainment

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000
Promotions:
  • Receive Samsonite T5 68cm Spinner luggage or S$150 cashback
  • Apply online with MyInfo via SingPass, receive S$20 in Grab rides

HSBC Revolution Card is the best miles-earning card for online payment of hospital bills, and even comes with an easy fee-waiver. Cardholders earn 2 miles per S$1 online spend, including online travel bookings, transit, and bill pay–private and public. There are no minimum spend requirements and no earning caps, which is great if you’re looking to use this card for more than just bills, and want to continue earning. On that note, cardholders also earn at this rate for spend on local dining & entertainment.

HSBC Revolution Card also comes with a fee-waiver. Cardholders can avoid the S$160.5 fee with just S$12,500 annual spend (about S$1,042/month). If you’re interested in a versatile card offering unlimited miles for online hospital bill pay, look no further than HSBC Revolution Card.

Read Our Full Review

  • Annual fee: S$160.5, 2-year waiver, subsequently with S$12,500 annual spend
  • 2 miles per S$1 spend on local dining & entertainment, online spend (unlimited)
  • Online rate includes travel bookings, recurring bills & transit payments
  • No minimum spend requirement
  • Up to 20.2% fuel savings with Caltex, 14% with Shell
  • Annual fee: S$160.5, 2-year waiver, subsequently with S$12,500 annual spend
  • 2 miles per S$1 spend on local dining & entertainment, online spend (unlimited)
  • Online rate includes travel bookings, recurring bills & transit payments
  • No minimum spend requirement
  • Up to 20.2% fuel savings with Caltex, 14% with Shell

Best Cashback Card for Health, Transport & Dining: CIMB Platinum MasterCard

CIMB Platinum Mastercard
CIMB Platinum Mastercard

Consider this if you want a specialised rebate credit card for health, transport and dining

Annual Income Requirement Singaporean & Singapore PR: S$30,000. Singaporean & Singapore PR, aged 55 years and above: S$15,000. Applicants who do not meet the minimum income requirement can submit a minimum Fixed Deposit Collateral of S$10,000
Foreigner Income Requirement N/A
Promotions:
  • Receive free return flight from select destination w/ min. S$600 spend/mo for 3mo

CIMB Platinum MasterCard offers the highest cashback rate for medical expenses on the market. Cardholders earn 10% rebate on everything from doctors, dentists, optometrists, opticians and chiropractors to hospitals, nursing & personal care facilities, pharmacies and more. This spend category is individually capped at just S$20/month, however, and bills from polyclinics and government hospitals are excluded from earning rewards.

Nonetheless, CIMB Plat MC is a great option for rebates on more routine visits, and also has no annual fee. And, because other categories also earn 10% rebate (transport & petrol, dining, overseas travel, home improvement), cardholders can easily earn cashback in common categories, without ever having to worry about extra banking fees. Therefore, CIMB Plat MC has great value as a stand-alone, and can also serve as an easy supplement to a flat rebate or unlimited card.

Read Our Full Review

  • Annual fee: Free
  • 10% cashback on medical, transport & petrol, dining, overseas travel & select electronics/furnishings vendors
  • CIMB 0% Interest i.Pay Instalment Plan
  • Annual fee: Free
  • 10% cashback on medical, transport & petrol, dining, overseas travel & select electronics/furnishings vendors
  • CIMB 0% Interest i.Pay Instalment Plan

Best Credit Cards for Earning Health & Wellness Rebates

Several credit cards offer special rebates for spend on health, wellness, and beauty. We’ve identified and described some of the best below.

Best Card for Rebates on Essentials: POSB Everyday Card

Consider this if you're a family shopper with a diversified budget

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000
Promotions:
  • Receive S$120 cashback w/ S$800 spend in 2mo

POSB Everyday Card is an excellent everyday card for families and comes with a few great wellness perks. First of all, cardholders receive 3% cashback on personal care from Watsons. Additionally, they have access to up to 15% off select local medical packages for health screening, dentistry, cardiology and more.

In terms of essentials, cardholders earn at high promotional rates. While these rates change, consumers can typically earn up to 15% cashback on dining, groceries, transport, personal care and even recurring bills. Some, but not all, of these categories are merchant limited. Still, the card provides great convenience with all-in-one functionality and can be used for contactless payments of public transit fares. This convenience, paired with high rebates and wellness discounts, makes POSB Everyday Card an excellent option for the average consumer.

Read Our Full Review

  • Annual fee: S$192.6, 1-year waiver
  • 15% rebate on online food delivery, 5% dining, 5% groceries at Sheng Siong
  • 15% rebate with select merchants for parking & public transit
  • 5% rebate on select taxis & ride-hailing services
  • 3% rebate on personal care at Watsons
  • 1% rebate on recurring bills with select merchants (capped at S$1/month)
  • Up to 20.1% fuel savings with SPC
  • SimplyGo/ABT capabilities for public transit fares
  • Annual fee: S$192.6, 1-year waiver
  • 15% rebate on online food delivery, 5% dining, 5% groceries at Sheng Siong
  • 15% rebate with select merchants for parking & public transit
  • 5% rebate on select taxis & ride-hailing services
  • 3% rebate on personal care at Watsons
  • 1% rebate on recurring bills with select merchants (capped at S$1/month)
  • Up to 20.1% fuel savings with SPC
  • SimplyGo/ABT capabilities for public transit fares

Best Rebate Card for Young Professionals: Citi SMRT Card

Consider this if you want to earn cashback on your daily commute on public transit

Annual Income Requirement S$30,000
Foreigner Income Requirement S$42,000
Promotions:
  • Up to S$120 cash rebate welcome gift

If you’re a young professional on a budget, consider Citi SMRT Card, which is one of the few cards on the market with no minimum spend requirement. Cardholders receive 7% rebate on groceries, 5% on fast food, coffee and movies, 3% for online spend and 2% on Auto Top-Ups. In fact, Citi SMRT Card itself is EZ-Link compatible, making it a great choice for commuters.

Citi SMRT Card also offers 2% rebate on health & wellness. As with most of the categories above, however, merchants are restricted. In this case, cardholders earn rebates with GNC, Guardian, Nature’s Farm, NTUC Unity Healthcare and Watsons–which offer everything from vitamins & supplements to hair & beauty products. There is no category-specific cap on earnings, but total cashback is capped at S$50/month. Overall, Citi SMRT Card is a great way for young professionals to access higher rebates after a low minimum spend–including rebates with top health & wellness merchants.

Read Our Full Review

  • Annual fee: S$192.6, 2-year waiver
  • Up to 7% rebate on groceries, 5% on fast food, movies & coffee, 3% online shopping, 2% on health & wellness
  • EZ-Reload functionality with 2% rebate on Auto Top-Ups
  • Up to 14% fuel savings with Esso & Shell
  • Annual fee: S$192.6, 2-year waiver
  • Up to 7% rebate on groceries, 5% on fast food, moves & coffee, 3% online shopping, 2% on health & wellness
  • EZ-Reload functionality with 2% rebate on Auto Top-Ups
  • Up to 14% fuel savings with Esso & Shell

Best Card for Earning Miles by Paying Hospital Bills: Standard Chartered Visa Infinite Card

Standard Chartered Visa infinite Credit Card
Standard Chartered Visa infinite Credit Card

Consider this if you travel frequently for business

Annual Income Requirement S$150,000
Foreigner Income Requirement S$150,000
Promotions:
  • Receive up to 35,000 welcome miles
  • Receive up to S$50 cashback on electric bill w/ OEM sign-up w/ select retailers

Not only does Standard Chartered Visa Infinite Card reward medical and hospital bill payments, it does so at the highest miles rates on the market. Cardholders earn 1.4 miles per S$1 local spend and 3 miles overseas, and receive 35,000 welcome miles (worth S$350) just for signing up. Income tax payments, fixed investments, mortgage loans and savings accounts with SC also earn rewards–all of which are often excluded from earning by competitors.

SC Visa Infinite Card also stands out for its luxury travel perks. Cardholders enjoy 6 free lounge visits/year worldwide, a free 4 hour yacht hire, Hertz Asia rental privileges, free travel insurance, and golfing privileges throughout SE Asia. This card is not for everyone–there’s a S$588.5 fee and a S$150,000 salary requirement–but for the affluent, SC Visa Infinite Card is the ideal miles-earning option for both maximising overseas rewards and paying hospital bills.

Read Our Full Review

  • Annual fee: S$588.5
  • 1.4 miles per S$1 local spend, 3 miles overseas (S$2,000 min spend)
  • 35,000 welcome miles (worth S$350)
  • Tax payments are eligible for rewards points
  • Free travel insurance, 6x lounge access, 1 free 4hr yacht hire
  • Hertz Asia Privileges, Golfing/Dining/Hotel Privileges
  • Up to 25% fuel savings with Caltex
  • Annual fee: S$588.5
  • 1.4 miles per S$1 local spend, 3 miles overseas (S$2,000 min spend)
  • 35,000 welcome miles (worth S$350)
  • Tax payments are eligible for rewards points
  • Free travel insurance, 6x lounge access, 1 free 4hr yacht hire
  • Hertz Asia Privileges, Golfing/Dining/Hotel Privileges
  • Up to 25% fuel savings with Caltex

Summary of Best Credit Cards for Paying Hospital Bills 2019

Below, we've prepared a summary of our picks for the best credit cards for hospital bills and medical expenses in 2019.

CardBest for...Annual Fee
HSBC AdvanceAffluent Advance CustomersS$180.0 (waiver)
OCBC CashfloAutomatic Payment SplitS$160.5 (waiver)
HSBC RevolutionSocial & Online SpendS$160.5 (waiver)
POSB EverydayRebates on EssentialsS$192.6
Citi SMRTEZ-Link & Young ProfessionalsS$192.6
CardBest for...Annual Fee
HSBC AdvanceAffluent Advance CustomersS$180.0 (waiver)
OCBC CashfloAutomatic Payment SplitS$160.5 (waiver)
HSBC RevolutionSocial & Online SpendS$160.5 (waiver)
POSB EverydayRebates on EssentialsS$192.6
Citi SMRTEZ-Link & Young ProfessionalsS$192.6

Compare the Best Credit Cards for Hospital Expenses by Dollar Value

To help you find the best credit card to pay for your hospital bills, we have prepared a chart below organizing credit cards by 2-year dollar value*. We have estimated an average Singaporean's monthly expenditure patterns through research to model out likely savings from credit cards. You should note that the dollar value can heavily depending on your spending habits, so make sure to read through each card's review and see if it fits your monthly budget. There are also other "intangible" benefits like complimentary travel insurance and free access to airport lounges whose values are difficult to quantify but nevertheless incredibly valuable to some consumers.

A graph displaying how best credit cards for medical expenditures compare to one another in terms of their rewards

*ValueChampion calculates the dollar value of rewards based on S$2,000 of monthly spending. We sum the value of points, miles and cashback in dollar terms and subtract the annual fee over a 24-month period. The estimates here are ValueChampion's alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Carrie Arndt

Carrie is a Senior Analyst at ValueChampion, specialising in credit cards in Singapore. She previously led consumer studies worldwide as a Senior Research Executive at MMR Research.

Comments and Questions

{"endpoint":"\/newsletter\/subscribe","style":"blue","title":"Keep up with our news and analysis.","version":"sidebar"}