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    Best Credit Card for Utility Bill Payment in Singapore

    Utility bills are something you have to deal with every month. With every new facility you register for, the expenses keep increasing. And if you miss the payment deadline, you will have to pay an additional late fee in the next month. In today’s world, electronic items dominate a household. So, the electricity bill is bound to be on the higher side. The same goes for other things like water and telephone services. To manage your expenses better, you can choose to pay using credit cards that offer cashback on utility payments. Here are some credit cards you can benefit from in this regard.

    BOC Family Card

    The BOC Family Card gives you a cash rebate of 5% on telecommunication bills and hospital bills. Cash rebates for utility bill payments are capped at S$40 for every billing cycle, for every account. You can receive a maximum of S$100 for every primary card and S$20 rebate for every supplementary card, adding up to S$1,440 for a year. The minimum amount you need to spend to be eligible for cashback is S$700 a month.

    Card Highlights

    • Get a 10% rebate on dining in Singapore and overseas, and on cinemas.
    • Get at least 0.3% rebate on every other purchase.
    • Get a fee waiver for the first year.
    • Get an additional 2% rebate for the spending done on the supplementary card.
    • Get a 5% rebate on online purchases, selected merchants, and supermarkets.

    Citi M1 Card

    Citi M1 Card offers Citi Rebate for recurring M1 bills of different ranges. You can enjoy up to 10% rebate on recurring M1 bills of S$600 and more. If you spend up to S$300 on this card for an M1 bill, you will get a rebate of 0.5%. Similarly, for bills between S$300 and S$600, you will get 3% cash back.

    Card Highlights

    • Enjoy up to 0.3% rebate on retail transactions.
    • Enjoy a 10% discount on accessories in M1 stores.
    • Enjoy a discount of up to 14% on fuel at Shell and Esso stations.
    • Get free replacement of damaged and lost SIM cards.
    • Get Citi Rebate converted to KrisFlyer miles and save on your travels.

    Citibank SMRT Card

    With the Citibank SMRT Card, you can save 1% on telecommunication bills from Singtel, M1, and StarHub. You also get a 1% discount on Town Council bills. The card also offers various discounts for transactions above and below S$300.

    Card Highlights

    • Save up to 5% on purchases in supermarkets such as FairPrice, Giant, and Sheng Siong.
    • Save up to 3% returns on online shopping.
    • Get 5% SMRT$ on purchases of S$50 and more.
    • Get an additional 0.3% rebate when you charge S$300 and above in your card.
    • Get 4.7% cash back on groceries, all popular fast food chains, movies, and coffee, for transactions between S$50 and S$300.

    HSBC Premier Mastercard Credit Card

    With the HSBC Premier Mastercard Credit Card, you will get up to 5% cash rebate on recurring Cable TV, mobile phone, and internet bills. You get the maximum rebate when the minimum amount you spend on the card is S$800 every month for three months.

    Card Highlights

    • Enjoy 5% cashback at local groceries.
    • Enjoy 1 Reward point for every dollar spent.
    • Enjoy a discount of up to 16% on petrol at Shell and Caltex stations.
    • Enjoy 7% discount on participating hotel bookings on Agoda.
    • Enjoy 2% rebate on all beverage and food outlets in the country, except on hotel dining.

    OCBC 365 Credit Card

    OCBC 365 Credit Card gives you a rebate of 3% on recurring telecommunication bills from StarHub, M1, MyRepublic, Singtel, and CirclesLife. The same rate applies to recurring electricity bills from Sembcorp Power, and Senoko Energy. The minimum monthly spend is required to be S$800, to be eligible for the rebates. If you don’t spend this minimum required amount, you will earn rebates at only 0.3%.

    Card Highlights

    • Earn up to 3% cashback on groceries in Singapore and abroad.
    • Earn up to 6% rebate on online food delivery and on dining in Singapore and overseas.
    • Earn a rebate of 3% on the purchase of cruise and flights tickets, and hotel bookings on Airbnb and Agoda.
    • Earn up to 3% cashback on selected taxis and private rides in Singapore and abroad.
    • Save up to 23% on petrol.

    POSB Everyday Card

    POSB Everyday Card offers rebates on purchases from Best Electricity, Union Power, SPC, Geneco, Tuas Power, Watsons, iSwitch, Sheng Siong, SP Group, and Starhub. You can enjoy a 1% rebate on telecommunication and electricity bills, without a minimum spend requirement. You get an annual fee waiver for one year.

    Card Highlights

    • Enjoy up to 20% rebate on online food delivery.
    • Enjoy up to 15% rebate on transport, dining, and overseas spend.
    • Enjoy 6% rebate on fuel and groceries.
    • Enjoy a 10% cashback in fast food shops, cafes, restaurants, and food courts.
    • Enjoy up to 10% cashback on overseas transactions.

    Singtel-UOB Card

    This card by UOB Card has exclusive offers for Singtel customers. You can get an annual cash rebate of up to S$360 on consolidated Singtel bills. If you spend a total of at least S$500 in a month on Singtel bills, you can get a cash rebate of S$30. You can tag 8 Singtel accounts at the most with one Singtel-UOB Card, and receive the rebate on the accumulated bill amount. You can register for the MobileShare Supplementary Plan where you can enjoy 12 months of free subscription and 50% discount in the subsequent years.

    Card Highlights

    • Get Singtel vouchers of up to S$300, every year.
    • Get a fee waiver of the administrative fee of S$10.70 when you renew your Singtel plan.
    • Get a complimentary SIM Card with 3G/4G facility.
    • Save up to S$190, through the MobileShare Supplementary Plan.
    • No annual fee, if you keep paying your Singtel bills using the card.

    UOB Delight Credit Card

    With the UOB Delight Credit Card, you can enjoy a 3% rebate on telecommunication and Town Council bills. The minimum amount you must spend is S$400 per month. By spending this minimum amount, you will receive a rebate of 3%. For transactions below S$400, you will get a rebate of 0.3%.

    Card Highlights

    • Enjoy up to 8% rebate on fuel, dining, and shopping at selected outlets.
    • Enjoy a 3% rebate on insurance and SPH bills.
    • Enjoy a 3% rebate when you use the card for NETS FlashPay Auto top-ups for MRT/LRT, cabs, public bus, CEPAS and ERP-compliant parking facilities, and for Visa payWave transactions.
    • Enjoy up to 10% discount on house brands at Guardian, Cold Storage, and Giant.
    • Enjoy up to 20% savings on petrol.

    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.

    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.

    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

    Why Should You Go for a Utility Card?

    Here are some reasons why you should purchase a credit card that offers benefits on utility payments.

    • You can set up automatic payments and not worry about monthly deadlines.
    • You can consolidate all your utility bills, which can include telecommunication bills, electricity bills, cable bills, broadband bills, and Town Council bills.
    • Banks offer a fee waiver of 1-3 years, making them affordable.
    • You will get cashback, accumulation of which will reduce your bills eventually.

    How to Choose the Right Utility Card?

    • You can pick an efficient credit card by weighing in the factors listed below.
    • Rebates Offered: Depending on what facilities you use the most, you can go for a card that gives you a maximum rebate on that. For instance, if you use your phone a lot, you can choose a card that offers most benefits on telecommunication bills and phone purchases. Credit cards offer additional benefits with respect to other expenditures such as on groceries, fuel, and transportation. You can look for a card that provides you with offers on various spends.
    • Joining Benefits: Many banks offer discounts when you purchase a new card. The benefits may be in the form of reward points, fee waivers, and flyer miles. Choose a card that gives you maximum offers.
    • Annual Fee and Interest Rate: Check if you can afford the card as you will have to start paying the annual fee after the initial waiver period. You should also make sure you will be able to pay the interest rate in case you miss credit card bill payments, as the interest rates are generally high.
    • By now, you will be familiar with the perks of buying a credit card that offers rebates on utility payments. Make use of the offers to pay your bills and save some money!
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