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    Best Credit Card for Utility Bill Payment in Singapore

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    Most of us can’t get out of paying utility bills month-on-month. It is because it’s not really a luxury but a necessity. And these bills aren’t like our credit card bills where you’ll have to pay more money and you can continue using your credit card. If you start missing payments on your utility bills, you could lose the service altogether. Imagine living without your mobile or cable connection simply because you forgot to pay the bill.

    Here are some of the best utility bill payment credit cards that can make your life much more convenient and save you plenty in the process.

    Here Is a List of Some of the Best Cards for Utility Bill Payments in Singapore:

    Credit cards that can be used to earn rewards or cashback on recurring bill payments are as follows:

    Card Name Annual Fee Earning Rates Minimum Spend Requirement (monthly)  
    BOC Family Card S$190 5% on hospital and telecommunication bills S$700 Learn more
    BOC Zaobao Card S$190 Up to 20% on SPH newspaper subscriptions S$600 Learn more
    Citi M1 Card S$192.60 Up to 10% Citi Rebate on M1 recurring bills S$600 Learn more
    Citibank SMRT Platinum Visa Card S$192.60 Up to 5% savings on selected recurring bills S$300 Learn more
    HSBC Premier Mastercard None (for Premier Banking customers) 5% rebate on selected recurring bills S$400 Learn more
    HSBC Visa Platinum Card S$192.60 5% rebate on selected recurring bills S$400 Learn more
    OCBC 365 Card S$192.60 3% cashback on telecom bills S$600 Learn more
    POSB Everyday Card S$192.60 1% rebate on SP Group and StarHub bills Nil Learn more
    Singtel-UOB Card S$192.60 Up to S$360 cash rebate on total Singtel bills S$50-S$500 Learn more
    UOB Delight Card S$85.60 Up to 3% SMART$ rebate on recurring bills S$400 Learn more

    Benefits of Having a Utility Card

    Here are some key benefits of using credit cards for utility bill payments:

    • The option of consolidating your bills.
    • Automatic bill payment facility if you have linked your utility bills with your credit cards.
    • Affordable annual fee. Some cards even waive the annual fee for the first couple of years.

    Who Should Use It?

    These cards can be used by anyone who has a lot of utility bills to pay every month. Since these cards have a low annual fee and fairly simple eligibility criteria, anyone with an annual income of S$30,000 can easily acquire them and make the most of the cash rebates and rewards available.

    Utility bills include some or all of the following:

    • Cable bills
    • Hospital bills
    • Broadband bills
    • Town council bills
    • EZ-Link or NETS FlashPay top-ups
    • Mobile network or telecommunication bills

    How Does It Work?

    Credit cards for utility bill payments work just like any other card offering rewards points. But the unique point is that you will earn cashback or reward points is you are paying these bills regularly.

    For example, the UOB Delight Card gives 3% SMART$ rebate on recurring bills for telecom companies, insurance, SPH newspapers and Town Councils. With these SMART$, you can enjoy savings at many participating merchants, including petrol pumps, retail outlets and more.

    Things to Consider Before Getting a Card for Utility Bill Payments

    Before you apply for a utility bill payment credit card, you will have to consider the following things:

    • Look for a card that waives the annual fee for one or more years.
    • Make sure that the credit card offering cash rebate for bill payments also comes with other benefits so that you can use it for other purchases as well.
    • Ensure that the card you are applying for offers the facility of a recurring payment arrangement system, with which you can consolidate multiple bills into your credit card. This will also make the payments hassle-free as you will not have to remember multiple due dates.

    Interest Rates

    The finance charges associated with utility credit cards are listed in the table below:

    Card Name Interest Rate for Retail Purchases (p.a.) Interest Rate For Cash Advance (p.a.) Interest-Free Period Late Payment  Penalties
    BOC Family Card 28.88% 28.88% 23 days 5% of minimum due or S$100, whichever is higher
    BOC Zaobao Card 28.88% 28.88% 23 days 5% of minimum due or S$100, whichever is higher
    Citi M1 Card 26.90% 29.90% 25 days Fee: S$100 Penal  interest rate: 29.9% p.a.
    Citibank SMRT Platinum Visa Card 26.90% 29.90% 25 days Fee: S$100 Penal  interest rate: 29.9% p.a.
    HSBC Premier Mastercard 25.90% 28% 20 days   Fee: S$55
    HSBC Visa Platinum Card 25.90% 28% 20 days   Fee: S$55
    OCBC 365 Card 25.92% 28.92% 23 days Fee: S$100
    POSB Everyday Card 25.90% 28% 20 days Fee: S$100
    Singtel-UOB Card 25.90% 28% 21 days Fee: S$90 Penal  interest rate: 28.9% p.a.
    UOB Delight Card 25.90% 28% 21 days Fee: S$90 Penal  interest rate: 28.9% p.a.

    How to choose the best credit card for utility bill payment

    ‘Best’ is a subjective term as what is best for one person may not be suitable for another. Hence, the ultimate decision will rest on you to pick a utility credit card that is best suited for bill payment. However, here are a few tips on how you can make this decision.

    • Most utility credit cards offer rebates, cashback, discounts and rewards on select telecommunications brands. The easiest way to decide is choosing one that offers such perks on the brand/s that you subscribe to.
    • After making this decision, weigh the options and see which one offers the highest perks at lowest cost (minimum spend requirement, annual fee, etc.).
    • Don’t just look at the utility bill perks offered but also take a glance at the additional perks on the card to make a more well-rounded decision and get the best use out of the card.
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