Best Credit Cards for Insurance Premium Payment 2019

While insurance policies are often expensive, you can earn great rewards by using a credit card to pay your premium. Most cards exclude insurance payments from earning rewards, so we've identified the best credit cards for insurance payments in Singapore to help you find a card that best fits your needs.

Best Credit Cards for Paying Insurance Premiums
Best for CashbackUOB OneUp to 5% flat rebate, up to S$300/quarter
OCBC 365Rebates on essentials, easy fee-waiver
Best for MilesHSBC Revolution2 miles per S$1 online spend (inc. insurance, bills)
UOB PRVI MilesFee-Waiver & 20,000 bonus miles, 2.4 miles per $1 overseas
Amex SIA KFUp to 13,000 bonus miles & S$150 SIA credit in 3 mo
High SpendersHSBC AdvanceUp to 3.5% cashback capped at S$125/month
Amex True CB1.5% unlimited cashback with Amex benefits
MB FC Barcelona1.6% unlimited local cashback, easy fee-waiver
Low SpendersMB Horizon3.2 miles per S$1 on local food & transport
MB Platinum VisaEarn S$30/quarter with just S$300/mo spend
MB Family & FriendsRebates in Singapore & Malaysia, low S$500 minimum
Online & ShoppingOCBC Titanium4 miles per S$1 on fashion & merchants like Amazon, Qoo10
UOB YOLOUp to 8% cashback on Grab & entertainment

Best Cashback Credit Cards for Insurance Payments

Most cashback credit cards exclude insurance payments from earning rewards. The following cards not only reward such premiums, they also provide overall market-leading rates with added perks that make them unique.

Best Flat Rebate Card for Consistent Spenders: UOB One Card

Consider this if you want to maximise your cash rebate and spend about S$2,000 per month

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000
Promotions:
  • Earn an additional 5% rebate (up to 10%) on Grab rides, food & top-ups
  • Receive up to 6% rebate on Singapore Power utilities bill
  • Receive up to S$150 cashback with S$1,500 spend in 1st month

UOB One Card is not just one of the best cashback cards on the market for paying insurance premiums, it’s also one of the best rebate cards overall. Cardholders with a consistent budget of S$2,000/month earn 5% flat rebate up to S$300/quarter, or S$1,200/year–one of the highest earning potentials available. Lower and inconsistent spenders can earn 3.33% rebate up to S$50 or S$100/quarter, depending on their minimum spend level.

This flat rebate applies to nearly all spend, including insurance premiums, telco, and even Town Council payments as long as they are consolidated and paid through UOB Bill Pay. No other card allows consumers to earn up to 5% rebate on insurance premiums.

Even better, cardholders can ‘double earn’ on select insurance payments through UOB SMART$ Programme. Bill pay first counts toward monthly spend, which determines the rebate tier, and second by earning SMART$, which can be used to offset future purchases. Programme eligible merchants include EQ Insurance and United Overseas Insurance Ltd (UOI). Ultimately, UOB One Card allows you to make the most of your insurance payments, while also providing excellent rebates for general spend.

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  • Annual fee: S$192.6, 1-year waiver
  • 5% rebate, up to S$300/quarter (S$2,000 min spend)
  • 3.33% rebate, up to S$100/quarter (S$1,000 min spend)
  • 3.33% rebate, up to S$50/quarter (S$500 min spend)
  • UOB SMART$ Rebate Programme
  • Up to 24% fuel savings with SPC, 20.8% with Shell
  • Annual fee: S$192.6, 1-year waiver
  • 5% rebate, up to S$300/quarter (S$2,000 min spend)
  • 3.33% rebate, up to S$100/quarter (S$1,000 min spend)
  • 3.33% rebate, up to S$50/quarter (S$500 min spend)
  • UOB SMART$ Rebate Programme
  • Up to 24% fuel savings with SPC, 20.8% with Shell

Best No-Fee Cashback Card for Everyday Spend: OCBC 365 Card

Consider this if you are looking for a credit card for general day-to-day use

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000
Promotions:
  • Earn S$50 rebate w/ card approval
  • Receive S$40 cashback for sign-up w/ select electricity retailers

OCBC 365 Card is the best everyday card on the market because of its excellent rates, easy fee-waiver, and lack of merchant restrictions. Even more, you can earn on your insurance premiums, which isn’t allowed with competitors. Cardholders earn 6% rebate on dining, 3% on groceries, land transport, online travel, and recurring bills (electric & telco), and 0.3% base rate on general spend, including insurance premiums. While this may seem low, many cards exclude premiums from earning rewards altogether. In addition, OCBC 365 Card lets you earn on your utilities at a higher rate than alternatives, which offer 1% rebate capped at S$1/month.

OCBC 365 Card also has no merchant restrictions and offers a spend-based fee waiver. While there’s a S$800/month minimum to access rates, spending S$833/month (S$10,000/year) exempts cardholders from paying a S$192.6 annual fee altogether. Key competitors do not offer such a waiver. Ultimately, OCBC 365 Card is the best everyday card with a fee waiver which also allows you to earn on insurance premiums.

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  • Annual fee: S$192.6, 2-year waiver, subsequently with S$10,000 annual spend
  • 6% rebate on dining & online food delivery
  • 3% rebate on groceries, land transport, recurring bills & online travel
  • Up to 23% fuel savings with Caltex, 20.4% with Esso, 5% other stations
  • Free travel insurance, Visa Signature Privileges
  • Annual fee: S$192.6, 2-year waiver, subsequently with S$10,000 annual spend
  • 6% rebate on dining & online food delivery
  • 3% rebate on groceries, land transport, recurring bills & online travel
  • Up to 23% fuel savings with Caltex, 20.4% with Esso, 5% other stations
  • Free travel insurance, Visa Signature Privileges

Best Air Miles Credit Cards for Insurance Payments

Many travel cards do not offer miles for insurance payments. However, we’ve identified several options that offer impressive rates, alongside special perks and bonuses.

Best Miles Card for Social & Online Spenders: 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

If you’re a social spender and pay for essentials online, HSBC Revolution Card is the best way for you to earn rewards for both your lifestyle and your insurance premium payments. Cardholders earn 2 miles per S$1 local spend on dining and entertainment, as well as for online transactions–including travel bookings, transit, recurring bills and insurance premiums. Earnings are unlimited and there’s no minimum spend requirement, making HSBC Revolution Card the easiest way to earn top rates for your premium payments. Even better, you can avoid paying the S$160.5 annual fee with S$12,500 annual spend. Ultimately, this is the absolute easiest and most affordable way for you to earn miles by simply paying your bills.

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  • 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 16% 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 16% fuel savings with Caltex, 14% with Shell

Best Card for Rapidly Earning Miles: UOB PRVI Miles American Express Card

Consider this if you want to maximise mile rewards without paying an extravagant annual fee

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000
Promotions:
  • Receive up to S$150 cashback with S$1,500 spend in 1st month
  • Earn up to 3mi per S$1 spend on Klook
  • Earn up to S$10 rebate on contactless payments

If you’re an affluent traveller looking to rapidly accrue miles, UOB PRVI Miles American Express Card is your best option available–and also gives you the opportunity to earn from your insurance premiums. Cardholders earn 1.4 miles per S$1 local spend (including premiums), 2.4 miles overseas, and 10 miles with major hotels & airlines. These rates are on par with those of much pricier travel cards, but UOB PRVI Miles Card’s fee is just S$256.8 (compared to S$400+).

Even better, if you’re able to spend S$50,000/year, you receive a fee-waiver altogether–plus 20,000 bonus miles, worth about S$200. Cardholders also enjoy perks like free travel insurance and airport transfers. UOB PRVI Miles Card is the best card on the market for rapidly earning miles without paying a fee, and has the added bonus of rewarding premiums at a high rate.

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  • Annual fee: S$256.8, 1-year waiver, subsequently with S$50,000 annual spend
  • 20,000 bonus annual renewal miles (worth S$200) with S$50,000 annual spend
  • 1.4 miles per S$1 local spend, 2.4 miles overseas, 10 miles at major airlines & airports
  • 8 free limo transfers & free travel insurance
  • UOB PRVI Travel Butler & Amex Essentials
  • Annual fee: S$256.8, 1-year waiver, subsequently with S$50,000 annual spend
  • 20,000 bonus annual renewal miles (worth S$200) with S$50,000 annual spend
  • 1.4 miles per S$1 local spend, 2.4 miles overseas, 10 miles at major airlines & airports
  • 8 free limo transfers & free travel insurance
  • UOB PRVI Travel Butler & Amex Essentials

Best Travel Card for Easy Welcome & Bonus Miles: American Express Singapore Airlines KrisFlyer Card

Consider this if you want to easily earn welcome bonus miles and fly mostly on Singapore Airlines' various brands

Annual Income Requirement S$30,000
Foreigner Income Requirement S$60,000
Promotions:
  • Spend S$5k within the 1st 3mo, receive 7,500 bonus miles
  • 1,500 KrisFlyer Miles each for the first two approved supplementary cards
  • S$150 Cashback for use with Singapore Airlines when you spend S$12,000

American Express Singapore Airlines KrisFlyer Card is the best card on the market for miles-card beginners and those seeking welcome promotions. Cardholders earn 5,000 bonus miles with their 1st spend, up to 7,500 miles with S$5,000 spend in 3 months, and S$150 credit to Singapore Airlines after S$12,000 spend. In addition, S$1 daily spend (including insurance premiums) earns 1.1 miles (2 miles overseas in June & December) and 2 miles with SingaporeAir, SilkAir and KrisShop. Spend with select merchants (Deliveroo, McDonald's, Watsons & more) and on Grab earns 3.1 miles per S$1 spend. All spend directly earns KrisFlyer Miles, so there’s no need for conversions or transfer fees. Even though there’s a S$176.55 fee, this card more than makes up for it in both convenience and bonuses.

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  • Annual fee: S$176.55, 1-year waiver
  • 1.1 miles per S$1 local & overseas spend, 2 miles overseas in June & December only
  • 2 miles per S$1 spend on SingaporeAir online & app, SilkAir, KrisShop in-flight & online
  • 3.1 miles per S$1 spend on Grab, up to 620mi/mo
  • 3.1 miles per S$1 spend with select merchants (Starbucks, Subway & more), up to 620mi/mo
  • Free travel insurance
  • Hertz Gold Plus Rewards & Amex Selects Privileges
  • Annual fee: S$176.55, 1-year waiver
  • 1.1 miles per S$1 local & overseas spend, 2 miles overseas in June & December only
  • 2 miles per S$1 spend on SingaporeAir online & app, SilkAir, KrisShop in-flight & online
  • 3.1 miles per S$1 spend on Grab, up to 620mi/mo
  • 3.1 miles per S$1 spend with select merchants (Starbucks, Subway & more), up to 620mi/mo
  • Free travel insurance
  • Hertz Gold Plus Rewards & Amex Selects Privileges

Best Credit Cards for High Spenders & Insurance Payments

Higher spenders can feel limited by the earnings caps associated with most cashback cards. The following options allow for unlimited rewards, including cashback for insurance payments.

Best Rebate Card for Affluent Advance Customers: 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

If you might be interested in a banking account with HSBC, you should definitely check out HSBC Advance Card, which offers exceptional flat rates–including on insurance payments. Advance banking customers earn 3.5% flat rebate after S$2,000 spend (2.5% if below), up to a market-leading S$125/month. To put this into perspective, most cards exclude premiums from earning rewards altogether, and those that do, tend to offer just base rates of about 0.3%. With HSBC Advance Card, you can easily multiply potential earnings by more than 10x, making it an exceptional option for premium payments.

It’s worth pointing out that flat rate cards tend to be best for higher spenders. A budget of S$3,500/month will max out rewards with HSBC Advance Card. Additionally, non-Advance customers earn at most 2.5% rebate with a S$70/month earnings cap. As a result, we definitely recommend checking to see if you qualify for an Advance banking account–if so, this card may be the best way to maximise rewards for your spend.

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  • 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 with Amex Benefits: 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

If you’re a very high spender, chances are your rewards potential is limited by capped cashback cards. With American Express True Cashback Card, you can enjoy 1.5% cashback on all spend–including on insurance premiums–with no limit or cap to your earning potential. Cardholders also enjoy a boosted 3% rate during their first 6 months, for up to S$150 cashback. In addition, consumers have access to top-notch Amex benefits like Global Assist, Amex Selects Privileges, and True Cashback Card promotions (which frequently include wedding-related deals and discounts). Other unlimited cashback cards exclude insurance premiums from earning rewards, but Amex True Cashback Card is an excellent option to earn on all of your spend, including ushc payments.

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  • 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 Unlimited Cashback Card for Local Spenders: Maybank FC Barcelona Visa Signature Card

Consider this if you want to earn an unlimited amount of cash rebate without paying an annual fee

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000 for Malaysians; S$60,000 for Others
Promotions:
  • Receive free American Tourister Luggage w/ S$300 monthly spend for 2mo (req. both card + Creditable applications)

Affluent local spenders are most likely to maximise cashback with Maybank FC Barcelona Visa Signature Card, which offers a market-leading 1.6% unlimited rebate on all local spend. This includes insurance premium payments, which are excluded by some unlimited cashback competitors. Cardholders can also earn 2 points (0.8 miles) per S$1 spend overseas, but this card is most competitive for local spenders. However, Maybank FC Barcelona Card is also the only unlimited option that has a fee-waiver–the S$120 fee is waived after just S$10,000 annual spend.

It’s also worth pointing out that Maybank FC Barcelona Card has a few distinct features that set it apart from others on the market. Cardholders receive special promotions related to the team, including discounts of up to 10% at official FC Barcelona stores. In addition, cardholders are entered to win a prize package to go see a live game, with travel and accommodations included. If you’re a high spender with a local budget and enjoy sports, Maybank FC Barcelona Card is an excellent option for you.

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  • Annual fee: S$120.0, waived with S$10,000 annual spend
  • Unlimited 1.6% rebate on local spend
  • 2 Pts (0.8 miles) per S$1 on foreign currency transactions
  • Up to 10% discount at FC Barcelona official stores
  • Free travel insurance
  • Annual fee: S$120.0, waived with S$10,000 annual spend
  • Unlimited 1.6% rebate on local spend
  • 2 Pts (0.8 miles) per S$1 on foreign currency transactions
  • Up to 10% discount at FC Barcelona official stores
  • Free travel insurance

Best Credit Cards for Low Spenders & Insurance Payments

If you have a smaller budget, the following cards a great fit for you because of their low minimum spend requirements, high rates and fee-waivers. Even better, these cards also reward insurance payments.

Best Card for Earning Miles Locally: Maybank Horizon Visa Signature Card

Consider this if you want to maximise miles earned on dining and petrol

Annual Income Requirement S$50,000
Foreigner Income Requirement S$60,000
Promotions:
  • Receive free American Tourister Luggage w/ S$300 monthly spend for 2mo (req. both card + Creditable applications)

If you’re interested in rapidly earning miles for your local spend, Maybank Horizon Visa Signature Card offers one of the highest rates on the market, and even comes with a fee-waiver. Cardholders earn 3.2 miles per S$1 spend on local dining, petrol, taxis & Grab, and hotel bookings with Agoda after just S$300 minimum spend. Traditional travel cards offer just 1.1 to 1.4 miles for local spend. Consumers also earn a respectable 2 miles per S$1 spend on travel packages, air tickets and foreign currency transactions. Other spend, including on insurance premiums, earns 0.4 miles per S$1 spend.

While this may seem like a lower rate, few cards reward insurance premiums at all. Maybank Horizon Card is an overall excellent option because of its high rewards rates for key spend categories. In addition, its S$180 fee is waived with S$18,000 annual spend (equal to S$1,500/month). For lower spenders, this is the best card for accessing top local miles rates.

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  • Annual fee: S$180.0, 3-year waiver, subsequently with S$18,000 annual spend
  • 3.2 miles per S$1 local spend on dining, petrol, taxis, Grab & hotel bookings with Agoda
  • 2 miles per S$1 spend on air tickets, travel packages & foreign currency transactions
  • Up to 17.2% fuel savings on petrol in Singapore
  • Access to airport lounges & free travel insurance
  • 3.2 miles per S$1 local spend on dining, petrol, taxis, Grab & hotel bookings with Agoda
  • 2 miles per S$1 spend on air tickets, travel packages & foreign currency transactions
  • Up to 17.2% fuel savings on petrol in Singapore
  • Access to airport lounges & free travel insurance

Best Cashback Card for Low, Local Budgets: Maybank Platinum Visa Card

Consider this if you spend S$300 to S$500 per month

Annual Income Requirement S$30,000
Foreigner Income Requirement S$60,000
Promotions:
  • Receive free American Tourister Luggage w/ S$300 monthly spend for 2mo (req. both card + Creditable applications)

Even if you spend as little as S$300/month, you can earn high cashback rates–including on your insurance premiums–with Maybank Platinum Visa Card. Cardholders earn S$30/quarter with S$300/month local consistent spend, which adds up to S$120/year. Most cashback cards have minimum requirements of S$500+ and offer just 0.3% rebates for spend at lower levels, which would add up to S$3.6/year. Cardholders can also avoid a S$20 quarterly fee by simply using the card at least once a quarter, making Maybank Platinum Visa Card the best option for lower spenders on the market.

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  • Quarterly service fee: S$20.0, 3-year waiver, subsequently with card use at least 1x/quarter
  • S$30 quarterly rebate with at least S$300 monthly spend (local only)
  • S$100 quarterly rebate with at least S$1,000 monthly spend (local only)
  • 0.3% rebate on overseas spend, capped at S$50/month
  • Local spend below S$300 minimum does not earn rebate
  • No minimum spend requirement for overseas rebate
  • Free travel insurance
  • Quarterly service fee: S$20.0, 3-year waiver, subsequently with card use at least 1x/quarter
  • S$30 quarterly rebate with at least S$300 monthly spend (local only)
  • S$100 quarterly rebate with at least S$1,000 monthly spend (local only)
  • 0.3% rebate on overseas spend, capped at S$50/month
  • Local spend below S$300 minimum does not earn rebate
  • No minimum spend requirement for overseas rebate
  • Free travel insurance

Best Cashback Card for Low Budgets in Singapore & Malaysia: Maybank Family & Friends MasterCard

Consider this if you spend a lot of time in both Singapore and Malaysia

Annual Income Requirement S$30,000
Foreigner Income Requirement S$60,000
Promotions:
  • Receive free American Tourister Luggage w/ S$300 monthly spend for 2mo (req. both card + Creditable applications)

If you spend S$500 to S$1,500 month and spend time in both Singapore and Malaysia, Maybank Family & Friends Card may be the best card for you. After S$500 minimum spend, cardholders earn 5% cashback on groceries, transport, fast food, wellness and leisure with select regional merchants (Cold Storage, McDonald’s, Unity NTUC Healthcare & many more). This rate is boosted to 8% for S$1,000/month spend. Competitors offer 3.33% rebate at most at this spend level, making Maybank F&F Card excellent for lower spenders.

Spend outside of select vendors (including on insurance) earns 0.3% cashback, which is admittedly lower, but many cards exclude premiums from earning rewards altogether. In addition, Maybank F&F Card provides lower spenders with access to higher rates than available with most competitors. Finally, cardholders who spend S$12,000/year are exempt from the S$180 fee, making it one of the best options for those seeking to maximise cashback on a smaller budget.

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  • Annual fee: S$180.0, 3-year waiver, subsequently with S$12,000 annual spend
  • 8% rebate on groceries, transport, fast food, health & wellness with select merchants in Singapore & Malaysia, after S$1,000 min spend (5% rebate with S$500 min spend)
  • 0.3% rebate all other spend
  • Fuel savings up to 20.88% with select petrol merchants (inc. 8% rebate)
  • Annual fee: S$180.0, 3-year waiver, subsequently with S$12,000 annual spend
  • 8% rebate on groceries, transport, fast food, health & wellness with select merchants in Singapore & Malaysia, after S$1,000 min spend (5% rebate with S$500 min spend)
  • 0.3% rebate all other spend
  • Fuel savings up to 20.88% with select petrol merchants (inc. 8% rebate)

Best Online & Shopping Cards for Insurance Payments

Whether you frequently shop online or are just looking to pay your bills, the following cards offer flexibility, convenience and great rates, in addition to rewards for insurance payments.

Best Miles Card for Retail Shoppers: OCBC TItanium Rewards Card

Consider this if you want to accrue miles from your shopping purchases

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000
Promotions:
  • Earn S$50 rebate w/ card approval
  • Up to 2% cash rebate at BEST Denki

OCBC Titanium Rewards Card is the absolute best shopper card on the market because of its high rates, merchant flexibility, and fee-waiver. Cardholders earn 10 points (4 miles) per S$1 spend on fashion and electronics–a rate also offered by competitors–but also offers this rate for spend with popular vendors like Amazon, Lazada, IKEA, Qoo10 and many more. Essentially, cardholders can earn from almost all retail spend, from appliances to beauty products. In addition, S$10,000 annual spend earns a fee-waiver, which also isn’t available with competitors.

Non-retail spend, including insurance premiums, earns 1 point (0.4 miles) per S$1 spend, which is low but better than total exclusion from earning rewards. Ultimately, OCBC Titanium Card is the best shopper card on the market, and as an added benefit, you can earn a bit on your insurance premiums too.

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  • Annual fee: S$192.6, 2-year waiver, subsequently with S$10,000 annual spend
  • 10 Pts (4 miles) per S$1 spend on fashion retail, department stores, electronics & select merchants (online, offline, locally & overseas)
  • Discounted airport lounge & JetQuay Quayside access
  • Up to 16% fuel savings with Caltex, 14% with Esso
  • Annual fee: S$192.6, 2-year waiver, subsequently with S$10,000 annual spend
  • 10 Pts (4 miles) per S$1 spend on fashion retail, department stores, electronics & select merchants (online, offline, locally & overseas)
  • Discounted airport lounge & JetQuay Quayside access
  • Up to 16% fuel savings with Caltex, 14% with Esso

Best Rebate Credit Card for Young Weekend Shoppers: UOB YOLO Card

Consider this if you are a young adult looking for discounts and perks on dining, entertainment and travel spending

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000
Promotions:
  • Receive up to S$150 cashback with S$1,500 spend in 1st month

UOB YOLO Card is a great card for young adults seeking rewards for their online and social spend. After a S$600 minimum, cardholders earn up to 8% weekend cashback on dining, entertainment, Grab rides, online fashion, and travel spend (3% on weekdays). In addition, cardholders can earn up to S$60/month, or S$720/year. UOB YOLO Card does not exclude insurance premiums from earning rewards, so payments earn the base rate of 0.3% cashback. This is a great way for younger consumers to earn socially, but still receive some rebates for essentials like insurance.

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  • Annual fee: S$192.6, 1-year waiver
  • 8% cashback on weekend dining, entertainment, Grab, online travel & fashion (3% weekdays)
  • Free travel insurance
  • Annual fee: S$192.6, 1-year waiver
  • 8% cashback on weekend dining, entertainment, Grab, online travel & fashion (3% weekdays)
  • Free travel insurance

Rebate Card for 0% Instalments & No Processing Fee: 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

If you tend to make big purchases that you prefer to pay back over time, OCBC Cashflo Card is the most convenient and easy-to-use card on the market. Cardholders can access OCBC’s 0% interest instalment plan which has no processing fee (some competitors with no-interest plans still charge 3%+ fees). In addition, while other cards require consumers to call ahead and apply for the instalment plan–before even making the purchase–OCBC Cashflo Card has a unique trigger system that automatically splits payment into instalments at a certain transaction threshold. This means you can shop and make spontaneous purchases worry-free.

In addition, OCBC Cashflo Card offers 1% rebate on all purchases–including on insurance premiums–with a S$1,000 minimum spend (0.5% if lower). Many cards that reward insurance premiums offer just a 0.3% base rate, so at any spend level you can earn more on premiums with OCBC Cashflo Card. Instalments split under the plan also earn rebates. Finally, OCBC Cashflo Card is worth considering because it has a fee waiver with just S$10,000 annual spend.

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  • 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, payments earn rebates
  • 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, payments earn rebates
  • Trigger scheme automatically splits payments at specified threshold
  • Up to 16% fuel savings with Caltex, 14% with Esso

Best Card for No-Fee Cashback + Miles: HSBC Visa Platinum Card

Consider this if you spend at least S$600/month and want to earn both cash rebates and miles

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000
Promotions:
  • Receive Samsonite T5 68cm Spinner luggage or S$150 cashback

If you’re interested in earning both cashback and miles, HSBC Visa Platinum Card is the best option on the market. Cardholders earn 5% rebate on local dining, groceries and petrol after S$600 minimum spend, and 0.4 miles per S$1 on all other spend–including insurance premiums–with no minimum requirement. This is great for the average consumer because food and transport make up almost half of most Singaporean’s monthly budgets. Cardholders can earn up to S$250/quarter (S$83/month), and are exempt from the S$180 fee with just S$12,500 annual spend. Ultimately, HSBC Visa Platinum Card offers a unique rewards system that also earns miles for your insurance premiums.

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  • Annual fee: S$192.6, 2-year waiver, subsequently with S$12,500 annual spend
  • 5% cashback on local dining. groceries & petrol (up to S$250/quarter)
  • 0.4 miles per S$1 general spend, unlimited
  • Up to 21% fuel savings with Caltex, Shell (including 5% card rebate)
  • Annual fee: S$192.6, 2-year waiver, subsequently with S$12,500 annual spend
  • 5% cashback on local dining & groceries (up to S$250/quarter)
  • 0.4 miles per S$1 general spend, unlimited
  • Up to 21% fuel savings with Caltex, Shell

Best Miles Card for Golfing Privileges: Maybank World MasterCard

Consider this if you are an avid golfer who travels frequently to golf clubs worldwide

Annual Income Requirement S$80,000
Foreigner Income Requirement S$80,000
Promotions:
  • Receive free American Tourister Luggage w/ S$400 monthly spend for 2mo

Affluent consumers can access the most comprehensive set of golfing privileges on the market with Maybank World MasterCard, while also earning rewards for spend on luxury retail and even insurance premiums. Cardholders receive 2 complimentary green fees per month at 120 fairways across 25 countries, plus perks like free travel insurance and airport lounge access. In addition, they earn 10 points (4 miles) per S$1 spend with select dining and retail merchants (Paradise Group, Resort World Sentosa, Club 21 & more) and 1 point (0.4 miles) per S$1 general spend, including on insurance premiums.

Cardholders are also exempt from paying the S$240 fee with S$24,000 annual spend. This may seem high, but supplementary card spend counts towards achieving this waiver, which isn’t the case with some alternatives. Ultimately, Maybank World MasterCard is best thought of as a potentially no-fee card with impressive golfing benefits; earnings on dining, shopping, and other spend simply add value.

Read Our Full Review

  • Annual fee: S$240.0, 1-year waiver, subsequently with S$24,000 annual spend
  • 10 pts (4 miles) per S$1 spend with select dining & retail merchants
  • 2 complimentary green fees/month at 120 fairways worldwide
  • Free travel insurance, lounge access & global concierge
  • Up to 19.1% fuel savings on petrol in Singapore
  • Annual fee: S$240.0, 1-year waiver, subsequently with S$24,000 annual spend
  • 10 pts (4 miles) per S$1 spend with select dining & retail merchants
  • 2 complimentary green fees/month at 120 fairways worldwide
  • Free travel insurance, lounge access & global concierge
  • Up to 19.1% fuel savings on petrol in Singapore

Best Student Card for Insurance Payments: Maybank eVibes Card

Consider this if you want to maximise cashback on everyday spending

Annual Income Requirement N/A
Foreigner Income Requirement N/A
Promotions:
  • Receive Adidas wristwatch (worth S$120) on 1st charge, during 1st month

Maybank eVibes Card is the best and easiest-to-use credit card for tertiary students and NSFs, offering unlimited 1% rebate on all spend–including insurance premiums–with no merchant restrictions or minimum spend requirements. This rate is actually higher than that offered by many adult cards. In addition, the quarterly service fee of S$5 is waived simply with card use. Overall, students are most likely to benefit from Maybank eVibes Card.

Read Our Full Review

  • Quarterly service fee: S$5.0, 2-year waiver, subsequently with card use at least 1x/quarter
  • 1% unlimited cashback on all spend
  • No minimum spend requirement
  • Access to Maybank TREATS discounts & privileges
  • Quarterly service fee: S$5.0, waived with card use at least 1x/quarter
  • 1% unlimited cashback on all spend
  • No minimum spend requirement
  • Access to Maybank TREATS discounts & privileges

Best Rebate Card for Groceries & Bills: UOB Delight Card

UOB Delight Card
UOB Delight Card

Consider this if you want maximum savings on groceries

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000
Promotions:
  • Receive up to S$150 cashback with S$1,500 spend in 1st month

UOB Delight Card is the best card for grocery spend on the market, offering up to 17% in total discounts for spend at select merchants (Cold Storage, Market Place, Jasons, Giant, and Guardian) and purchasing house brands, after S$800 minimum spend. Consumers also earn 3% cashback on contactless payments and recurring bills–including with Prudential Insurance and United Overseas Insurance (UOI)–after S$400 minimum spend. This is one of the better rewards rates for insurance premiums on the market, especially with such a low minimum. Overall, cardholders can earn up to S$50/month. The S$85.6 fee is waived 1-year.

Read Our Full Review

  • Annual fee: S$85.6, 1-year waiver
  • 8% rebate at Cold Storage, Market Place, Jasons, Giant & Guardian with S$800 min (3% with S$400 min)
  • Up to 10% discount on house brands at Cold Storage, Giant & Guardian stores
  • 3% rebate on contactless transactions & select recurring bills
  • UOB SMART$ Rebate Programme
  • Up to 20% fuel savings with SPC, 13.6% with Shell
  • Annual fee: S$85.6, 1-year waiver
  • 8% rebate at Cold Storage, Market Place, Jasons, Giant & Guardian with S$800 min (3% with S$400 min)
  • Up to 10% discount on house brands at Cold Storage, Giant & Guardian stores
  • 3% rebate on contactless transactions & select recurring bills
  • UOB SMART$ Rebate Programme
  • Up to 20% fuel savings with SPC, 13.6% with Shell

Summary of Best Credit Cards for Insurance Payments 2019

Below, we've prepared a summary of our picks for the best credit cards for insurance payments for 2019.

CardBest for...Annual Fee
UOB OneBest Flat RebateS$192.6
OCBC 365Everyday & FamilyS$192.6 (waiver)
HSBC RevolutionOnline & Social SpendS$160.5 (waiver)
UOB PRVI MilesRapid MilesS$256.8 (waiver)
Amex SIA KFBest Welcome MilesS$176.55
Amex True CashbackUnlimited + Amex BenefitsS$171.2
Maybank FC BarcelonaUnlimited Local RewardsS$120.0 (waiver)
Maybank Horizon VisaMiles for Local SpendS$180.0 (waiver)
Maybank Plat VisaVery Low SpendersS$20.0 (waiver)
Maybank F&FLow Spenders, MalaysiaS$180.0 (waiver)
OCBC TitaniumFashion & RetailS$192.6 (waiver)
UOB YOLOWeekend Social SpendS$192.6
OCBC Cashflo0% Interest InstalmentsS$160.5 (waiver)
CardBest for...Annual Fee
UOB OneBest Flat RebateS$192.6
OCBC 365Everyday & FamilyS$192.6 (waiver)
HSBC RevolutionOnline & Social SpendS$160.5 (waiver)
UOB PRVI MilesRapid MilesS$256.8 (waiver)
Amex SIA KFBest Welcome MilesS$176.55
Amex True CashbackUnlimited + Amex BenefitsS$171.2
Maybank FC BarcelonaUnlimited Local RewardsS$120.0 (waiver)
Maybank Horizon VisaMiles for Local SpendS$180.0 (waiver)
Maybank Plat VisaVery Low SpendersS$20.0 (waiver)
Maybank F&FLow Spenders, MalaysiaS$180.0 (waiver)
OCBC TitaniumFashion & RetailS$192.6 (waiver)
UOB YOLOWeekend Social SpendS$192.6
OCBC Cashflo0% Interest InstalmentsS$160.5 (waiver)

Compare the Best Credit Cards for Insurance Payments by Dollar Value

To help you find the best credit card for insurance bill payments, 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 insurance compare to one another in terms of their rewards
Best Credit Cards for Insurance Payment By Estimated 2-Year Dollar Value

Footnotes

*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

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