• Credit Card BYTES FROM OUR KITCHEN

    Best credit cards for Prudential Insurance premiums

    With the cost of living on the rise with every passing day, there comes a point in everyone’s life that they need to start protecting the things that are most valuable to them. There’s no better way to do this than by getting yourself an insurance policy. While this policy may do little to prevent unforeseen circumstances, it does offer you the peace of mind and benefit of leaving your family financially secure and prevents them from falling into a financial hardship or burden.

    Insurance policies come in a wide variety of plans and policies and getting the right one to suit your needs is a must. You can choose the level of protection you desire and it comes as no surprise that the higher the level of protection, the more expensive a policy will be.

    A policy that offers better coverage will generally have a higher premium and there will be times when making these insurance premium payments might seem too hard on your pocket. You might think that your money is simply being funneled into a benefit you can’t physically see. But making these insurance premium payments needn’t be that hard or expensive. With the right credit card, you can not only make the premium payments with ease but can also stand to save some cash.

    What sets a credit card apart for being the best card to make insurance payments is a holistic view on not just the benefits it offers on premium payments but how it can help in other areas too. Below, we present to you our pick of the best credit cards for making Prudential Insurance premium payments in Singapore, based on the perks and discounts available. Read on to find the right credit card for you.

    Best credit cards for Prudential Insurance premium payments

    Here are some of the top credit cards that we think give you the best perks for the insurance premium expenses charged to your card:

    Prudential Platinum Credit Card

    This is a co-branded credit card between Prudential and Standard chartered and due to its specific nature of use, it features at the top of our list. Prudential Platinum credit card is a rewards credit card and the reward points earned on this card can be used to pay for insurance premiums. The card allows you to spend on other expenses and earn points that can be offset against your insurance expenses giving you greater savings.

    Advantages

    You will get the following benefits on the Prudential Platinum Card:

    • Reward points earned: The card earns reward points at the rate of 1 reward point for every S$1 charged to the card. If you charge S$200 to this card, you can earn 200 points. The points earned can be used to offset insurance premium costs. If you open a current account with standard chartered, you stand to earn reward points at twice the rate which is 2 points for every S$1 charged to the card.
    • Concierge service: With the Prudential Platinum card, you can get access to the 24 hours Visa Platinum concierge service that can assist you in making hotel reservations, travel bookings, restaurant reservations and more.
    • Promotional offers: The card also gives you access to exciting promotional offers if you apply within 30 June 2017 such as S$138 in cashback or S$150 worth of Uber credits or an S$150 Caltex cash card.

    Disadvantages

    Here are some components where the card doesn’t do too well:

    • Redemption rates: While the card does earn 1 reward point for every S$1 charged to the card, the rate of redemption is quite low. The first redemption requires you to redeem a minimum block of 3,000 reward points. 3,000 reward points will only provide a meagre offset of S$12 against insurance premiums. Subsequent redemptions need to be carried out in blocks of 300 points which will give you an offset of S$1.20 against insurance premiums.

    PruPrestige Visa Signature card

    This is yet another co-branded credit card between Prudential and Standard chartered and offers benefits specific to Prudential Insurance policyholders. PruPrestige Visa Signature credit card is a rewards credit card and the reward points earned on this card can be used to offset the cost of insurance premiums. The card allows you to spend on other expenses and earn points that can be offset against your insurance expenses giving you greater savings.

    Advantages

    You will get the following benefits on the PruPrestige Visa Signature Card:

    • Reward points earned: The card earns reward points at the rate of 1.5 reward points for every S$1 charged to the card. If you charge S$200 to this card, you can earn 200 points. The points earned can be used to offset insurance premium costs. If you open a current account with standard chartered, you stand to earn reward points at twice the rate which is 2 points for every S$1 charged to the card.
    • Concierge service: With the PruPrestige Visa Signature card, you can get access to the 24 hours Visa Platinum concierge service that can assist you in making hotel reservations, travel bookings, restaurant reservations and more.
    • Promotional offers: The card also gives you access to exciting promotional offers if you apply within 30 June 2017 such as S$138 in cashback or S$150 worth of Uber credits or an S$150 Caltex cash card.

    Disadvantages

    Here are some components where the card doesn’t do too well:

    • Redemption rates: While the card does earn 1.5 reward points for every S$1 charged to the card, the rate of redeeming these points against insurance premiums is quite low. The first redemption requires a minimum block of 3,000 reward points to redeem and will provide a meagre offset of S$12. Subsequent redemptions need to be carried out in blocks of 300 points which will give you an offset of S$1.20 against insurance premiums.

    HSBC Advance Credit Card

    This is a cashback credit card which offers you rebates of up to 3.5% based on your monthly expenses. The cashback rate is applicable to all expenses charged to the card and offers one of the highest flat rate of cashback around.

    Advantages

    You will get the following benefits on the HSBC Advance credit card:

    • Cashback earned: The card gives you a flat rate of 2.5% cashback when your monthly expenses exceed S$2000. For expenses below S$2,000, the cashback earned is 1.5%. For HSBC Advance banking customers, an additional cashback of 1% is offered.
    • Promotional offers: New customers who apply for the HSBC Advance credit card can get a HSBC Gold Class Movie card worth S$138 or can receive up to S$120 as cashback. Existing HSBC cardholders who apply for the HSBC Advance card can get a cashback of up to S$50.
    • Advance perks: Apart from an additional 1% cashback, Advance banking customers will also enjoy a lifetime waiver on the annual fee of the card.
    • Contactless: This card comes with compatibility for contactless payment and can be paired with Apple Pay allowing the cardholder to carry out transactions without the physical need for their card. The card is also equipped with Visa payWave allowing for faster checkouts at select establishments such as Starbucks, Golden Village, Burger King and Watsons.

    Disadvantages

    Here are some components where the card doesn’t do too well:

    • Spend requirement: To earn the 2.5% cashback, you must charge a minimum of S$2,000 to the card in a calendar month. The cashback earned is capped to S$70 per month. For Advance banking customers, the cashback earned is capped to S$125 per calendar month.

    UOB One Card

    This credit card offers you cashback on your expenses charged. The card unlike other cards, gives you a quarterly rebate based on the monthly expenses you rack up for three consecutive months as well as the number of transactions carried out in a month.

    Advantages

    The following benefits are available on the UOB One Card:

    • Cashback earned: You can earn up to 5% cashback on all expenses incurred in a quarter provided you meet the spend criteria. The card gives you up to 5% cash rebate on monthly expenses of over S$2,000 for 3 consecutive months, up to 3.33% cash rebate on monthly spends of S$500 or S$1,000 for 3 consecutive months. Along with the spend requirement there is also a transaction requirement of 5 transactions per month.

    Disadvantages

    Here are some components where the card doesn’t do too well:

    • Spend requirement: Cashback is capped to S$50 per calendar quarter for spends of S$500 for 3 consecutive months. The cashback is capped to S$100 per calendar quarter for expenses amounting to S$1000 for 3 consecutive months and cashback is capped to S$300 per calendar quarter per calendar quarter for spends of S$500 for 3 consecutive months. The spend criteria is S$500 per month for three consecutive months with a minimum of 5 transactions per month or S$1000 per month for three consecutive months with a minimum of 5 transactions per month or S$2,000 or more per month for three consecutive months with a minimum of 5 transactions per month.

    UOB Delight card

    Another card from the UOB stable, the UOB Delight card truly lives up to its name with a slew of delightful perks and benefits. The card is tailored for everyday use and provides attractive cashback benefits on a wide range of expenses, right from groceries to insurance payments to recurring telco bills. The cashback offered varies according to the category of expense and can allow you to save up to S$600 per year. Rebates on this card can go as high as 10% when used at select retailers.

    Advantages

    The benefits available on the UOB Delight Card are listed here:

    • Cashback: The card gives you a cash rebate of up to 3% cashback when used for insurance premium payments or recurring telco payments or on contactless transactions. Other areas of cashback include 8% cashback for grocery expenses, health and beauty products, and a whopping 10% cashback when used at select major retailers in Singapore. The major retailers include Cold storage, Giant, and Guardian stores.

    Disadvantages

    Some of the aspects where the card doesn’t do too well are:

    • Spend requirement: The monthly spend amount required to earn a higher cashback rates is S$400 per calendar month. The cashback earned is capped at S$50 per calendar month.

    Compare Best Credit Cards for Prudential Insurance premium payments

    Card name

    Rewards/cashback

    Earning limit

    Minimum spend required

    Other perks

    Prudential Platinum Credit Card

    Earns 1 reward point for every S$1 charged to the card. reward points earned can be used to offset insurance premium costs

    Redemption can be done in blocks of 3,000 points for the first redemption and blocks of 300 points for subsequent redemptions

    None

    Promotional offer of S4138 cashback or S$150 Caltex Cash Card or S$150 worth of Uber credits

    Two year annual fee waiver

    PruPrestige Visa Signature

    Earns 1.5 reward points for every S$1 charged to the card. reward points earned can be used to offset insurance premium costs

    Redemption can be done in blocks of 3,000 points for the first redemption and blocks of 300 points for subsequent redemptions

    None

    Promotional offer of S$138 cashback or S$150 Caltex Cash Card or S$150 worth of Uber credits

    Two year annual fee waiver

    Access to Visa Signature Concierge service

    HSBC Advance Card

    Up to 2.5% cashback for expenses exceeding S$2,000 per month and up to 1.5% cashback for expenses below S$2,000 per month. HSBC advance banking customers get additional 1% cashback

    Cashback earned is capped to S$70 per calendar month for non HSBC Advance banking customers. For HSBC advance banking customers, cashback is capped to S$125

    S$2,000 per calendar month to earn 2.5% and below S$2,000 to earn 1.5% cashback

    Promotional offer of S$128 cashback or S$138 HSBC Gold Class movie card for new customers and S$50 cashback for existing HSBC customers

    Apple Pay compatible

    Promotional offers at select merchant outlets

    UOB One Card

    Up to 5% cash rebate on monthly expenses of over S$2,000 for 3 consecutive months, up to 3.33% cash rebate on monthly spends of S$500 or S$1,000 for 3 consecutive months.

    Cashback is capped to S$50 per calendar quarter for spends of S$500 for 3 consecutive months, cashback is capped to S$100 per calendar quarter for spends of S$1000 for 3 consecutive months and cashback is capped to S$300 per calendar quarter per calendar quarter for spends of S$500 for 3 consecutive months

    S$500 per month for three consecutive months with a minimum of 5 transactions per month or S$1000 per month for three consecutive months with a minimum of 5 transactions per month or S$2,000 or more per month for three consecutive months with a minimum of 5 transactions per month

    Additional rebates through the UOB SMART$ rebate programme

    Compatible with Samsung Pay, Apple Pay and UOB Mighty App

    UOB Delight Card

    3% cashback when used for insurance premium payments, recurring telco payments, or contactless transactions. Cashback of 8% cashback for grocery expenses, health and beauty products, and 10% cashback when used at major retailers such as Cold storage, Giant, and Guardian stores.

    Cashback is capped to S$50 per calendar month

    S$400 per calendar month. Monthly expenses below S$400 attracts cashback of 0.3%

    Promotional offer of S$50 cash credit when you apply for the card

    How to choose the best credit card to make Prudential Insurance premium payments?

    Here are some tips on how to choose the right credit card for you:

    • Figure out whether insurance premiums count as valid transactions that fetch rewards in your credit card. Some credit cards will only consider expenses of a particular nature as a valid expense and if the insurance payment isn’t seen as valid then the expense won’t fetch you any reward or rebate. Check to see if Prudential accepts a particular card before opting for one.
    • Take into consideration the perks the card provides you outside of just offering cashback for your payments. Cashback normally comes with strings attached such as monthly spend or cap on cashback earned in a month. Take this into consideration before opting for a card.
    • Consider what your main expenses are and see if the card fits in with them as well. You wouldn't want a credit card solely for making insurance payments while offering you net to nothing on other major areas of your expense.
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.