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How to choose the best credit cards for monthly bills

You can use credit cards for monthly bills to turn expenses into savings through cashback, rewards, rebates and exclusive offers.

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Find out how you can pay for monthly expenses such as electricity, water, phone and the Internet with a credit card. In return, you can take advantage of cashback, rebates, discounts and rewards.

Use this guide to help you choose the right card to meet your individual circumstances and needs.

Best credit cards to pay bills

Name Product Reward Cashback Offer Annual Fee Min Income - Singaporean and PR
HSBC Revolution Credit Card
Earn up to 10X Reward points or 4 miles per S$1 spent on qualifying purchases.
Choose between a S$150 cashback or Samsonite suitcase if minimum spend requirements are met. T&Cs apply. Ends 31 Dec 2020.
S$0 annual fee
S$30,000
New cardholders can choose from a Samsonite Prestige 69cm Spinner Exp luggage worth S$670 or S$150 cashback. Minimum spend of S$800 within the qualifying spend period is required. T&Cs apply. Ends 31 Dec 2020.
UOB PRVI Miles American Express Card
Earn 1.4 miles for every S$1 spent locally with no minimum spend or cap.
Get S$150 cash credit if you spend a minimum of S$1,500 within 30 days. First 200 new customers only.
S$0 annual fee for the first 1 year and S$256.80 thereafter
S$30,000
Enjoy up to 20,000 bonus miles if you charge S$50,000 to your card in a year. Apply today and enjoy free transfers to Changi Airport.
HSBC Visa Platinum Credit Card
Earn 1 Reward point for every $1 on all spend.
Up to 5% cash rebates on groceries, dining and fuel with minimum monthly spend of at least S$600.
S$0 annual fee for the first 2 years and S$192.60 thereafter
S$30,000
New cardholders can receive a Samsonite Prestige 69cm Spinner Exp suitcase (worth S$670) or S$150 cashback, if a minimum of S$800 is spent using the card in the qualifying spend period. T&Cs apply. Ends 31 Dec 2020.
KrisFlyer UOB Credit Card
Earn 3 KrisFlyer miles per S$1 when you spend with Singapore Airlines, Scoot, SilkAir or KrisShop and 1.2 KrisFlyer miles per S$1 on all other spend.
Get S$150 cash credit if you spend S$1,500 or more within 30 days. First 200 new customers only.
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
New cardholders can receive up to 10,000 KrisFlyer miles when applying and spending a minimum of S$1,500 within 30 days card approval. Ends 30 September 2020. Existing UOB cardmembers get 3,000 KrisFlyer miles after the first transaction of S$5 minimum. T&Cs apply.
UOB Yolo Card
Enjoy a wide variety of discounts and cashback rebates on dining, entertainment, online shopping and travel.
Up to 8% cashback on some weekend dining, travel, and entertainment and 3% cashback on online fashion, weekday dining, travel and more.
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
Apply today and get S$150 in bonus cash credits. T&Cs apply.
UOB Lady's Card
Earn 10X UNI$ (or 20 miles) per S$5 spent on a chosen spending category with no min. spend required, and 1X UNI$ (or 2 miles) on other purchases.
New customers can get S$150 in bonus cash credits. T&Cs apply.
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
Apply today and get S$150 in bonus cash credits. T&Cs apply.Ends 30 September 2020.
HSBC Advance Credit Card
Choose between a sign-up gift of a Samsonite Prestige 69cm Spinner Exp luggage or S$150 cashback when minimum spend requirements are met.
Enjoy up to 3.5% cashback on all purchases with no minimum spend
S$0 annual fee for the first 1 year (permanently waived for HSBC Advance banking customers) and S$192.60 thereafter
S$30,000
New cardholders can choose between a Samsonite Prestige 69cm Spinner Exp luggage worth S$670 or S$150 cashback if minimum spend of S$800 within the qualifying spend period is made. T&Cs apply. Ends 31 Dec 2020.
UOB One Credit Card
Get S$150 cash credit when you apply. Minimum S$1,500 spend within 30 days. First 200 eligible applicants only.
Up to 10% cashback with some merchants including Grab,7-Eleven and Cold Storage; 6% for Singapore Power Utilities bills; and 5% back on all other retail spending.
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
Apply today and get up to S$150 in bonus cash credits. T&Cs apply.
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What bills can I pay using a credit card?

Credit cards can be a convenient way to pay regular bills. They are most commonly used for:

  • Utilities such as water and electricity
  • Telecom services, both landline and mobile
  • Insurance premiums
  • Internet and cable TV
  • Subscription TV services, like Netflix and Hulu

Not all companies and services accept credit card payments. This is often due to the processing charges that they incur. It is unlikely that you will be able to use a credit card to pay for:

What types of credit cards can you use to pay monthly bills?

There are several types of credit cards that reward you for paying monthly bills. They are:

  • Cashback credit cards. This type of card gives you perks in the form of dollars or credit on your account.
  • Rewards credit cards. Take advantage of points for your everyday spending, which can be redeemed for a range of lifestyle rewards.
  • Miles credit cards. These cards allow you to earn frequent flyer points directly as you charge purchases to your card.
  • Business credit cards. Benefits include the chance to free up business cash flow, add extra cardholders and accrue rewards (but be aware that certain expenses may not be eligible).

Choose the card that gives you the benefits you want. However, be aware that some cards limit the rewards you can earn. For example, a miles card may not earn you anything if you only use it to pay for your utility bills.

So, is it smart to pay my bills with a credit card?

As long as you commit to paying your credit card balance on time – and in full – each month, then it can be a good idea to pay your bills via your plastic. That’s because by meeting your payments you could get the added benefit from a range of cardholder perks. Plus, multiple payments can be managed in more easily. However, you should never consider putting bills on a credit card if you can’t afford to pay them back.

Pros and cons

Using a credit card for your monthly bills has its advantages and disadvantages.

Pros

  • You can earn rewards on unavoidable expenses
  • The annual fees are often waived, at least for a year
  • Automatic billing can make paying simpler and more convenient

Cons

  • Minimum spend requirements can lead to overspending
  • Most cards have interest rates if you miss a payment or are late on a payment
  • It can be difficult to keep track of your expenses if you opt for automatic billing

Frequently asked questions

Can I use these credit cards only for regular monthly payments?

No, you can charge a very wide range of expenses to your credit cards. The general exceptions are loan repayments. However, you may not earn as many rewards (or any at all) for one-off payments.

No single card offers all the benefits I want. Should I apply for more than one card?

You may apply for more than one card and be approved if you meet the card providers’ criteria. However, keep in mind that every financial decision has an impact on your credit score. A sudden surge in your credit limit raises red flags that may affect your financial standing.

If I switch telco or utility providers in the middle of the card’s validity period, will I still earn rewards?

This depends on the credit card provider. Some have exclusive tie-ups with certain telco or utility companies and will only reward you as long as you use its partners. Others may offer different rewards rates for different companies.

Does paying bills with your credit card hurt your credit score?

Typically, No. But don’t forget, even missing just one payment is enough to bring down your score a lot. A great way to avoid this situation is to set up recurring bill payments on your account.

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