Best Credit Cards for Insurance Premium Payment 2024

This is why UOB Absolute Cashback is one of the best credit cards in Singapore for insurance payment.

UOB Absolute Cashback Card offers a relatively simple way to earn 1.7% cashback on just about all of your spending. With no required minimum spend and no limits to the cashback you can earn, UOB Absolute is more flexible than other cashback cards that may offer higher (but more restricted) cashback rates. This makes it a great card for saving on insurance premiums and other parts of your budget that may not otherwise qualify for cashback.

On top of how easy it is to use, UOB Absolute Cashback unlocks certain American Express Card privileges like a complimentary 6-month FoundersCard membership and up to 50% savings on certain restaurants, shops and hotels. It also offers petrol discounts of 20.8% at Shell stations and up to 24% at SPC.

This is why American Express True Cashback Card is one of the best high-spender credit cards in Singapore for insurance payment.

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 insurance payments.

This is why Maybank Platinum Visa Card is one of the best low-spender credit cards in Singapore for insurance payment.

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 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.

This is why CardUp is the best online platform in Singapore to earn rewards on insurance payments.

If you make one-off or recurring insurance payments and would like to earn rewards while also automating those payments all in one platform, then you should consider signing up for CardUp. This online platform enables you to make payments with your credit card even for services which do not currently accept credit cards. In addition, the platform allows you to earn miles or cashback on your insurance payments, including health, life, critical illness, disability and personal accident insurance.

You can schedule future, recurring and one-off payments, monitor them and receive real-time payment status updates. While it is free to sign up, each transaction carries a corresponding processing fee. As an added bonus, however, making payments through CardUp allows you to free up some cash for other uses before the credit card bill is due.