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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.

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 $1 spent on qualifying purchases.
Receive up to $200 cashback. T&Cs apply. Ends 31 Dec 2022.
$0 annual fee
$30,000
New cardholders can choose from a Samsonite Prestige 69cm Spinner Exp with built-in scale (worth $670) or $200 cashback upon $500 minimum spend. Plus, receive up to $150 cashback when you apply for supplementary cards. Existing HSBC credit cardholders are eligible to receive $50 cashback. T&Cs apply. Ends 31 Dec 2022.
American Express Singapore Airlines KrisFlyer Ascend Credit Card
For every $1 spent, earn 1.2 KrisFlyer miles on local purchases, 2 KrisFlyer miles on overseas spend in June and December, Singapore Airlines and KrisShop and 3.2 KrisFlyer miles on Grab.
N/A
$337.05 annual fee
$50,000
Get 16,400 KrisFlyer miles upon annual fee payment and first transaction within 30 days from card approval. An additional 15,000 KrisFlyer miles when you spend $3,000 within the first 3 months of Card approval. Valid until 30 Sep 2022. Also, earn 3,600 KrisFlyer miles based on the $3,000 spend above (based on 1.2 KrisFlyer miles per $1 spent locally). T&Cs apply.
Citi Prestige Card
Deals and discounts in more than 90 countries. Also, get six complimentary golf games across Asia
Up to 20% cashback at selected merchants
$535 annual fee
$120,000
Receive 120,000 ThankYou Points (48,000 Miles) when you pay the annual fee ($535) and spend $800 within two months. T&Cs apply. Valid until 31 Oct 2022.
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 $600.
$0 annual fee for the first 2 years and $192.60 thereafter
$30,000
New cardholders can choose from a Samsonite Prestige 69cm Spinner Exp with built-in scale (worth $670) or $200 cashback upon $500 minimum spend. Plus, receive up to $150 cashback when you apply for supplementary cards. Existing HSBC credit cardholders are eligible to receive $50 cashback. T&Cs apply. Ends 31 Dec 2022.
American Express Platinum Credit Card
Up to 50% off your food bill for unlimited visits at hotels around Singapore
N/A
$321 annual fee
$80,000
Get $100 CapitaVoucher upon payment of annual fee and first transaction within 30 days from card approval. An additional $100 worth of CapitaVouchers when you spend $2,000 within the first 3 months of card approval. Also, receive 2,500 Membership Rewards points from your base earn rate for the $2,000 spent. T&Cs apply. Valid until 30 Sep 2022.
Citi Cash Back+ Credit Card
Get up to 14% fuel discounts at Esso and Shell and 1.6% cash back on eligible retail purchases.
1.6% cash back on selected retail purchases
$0 annual fee for the first 1 year and $192.60 thereafter
$30,000
Receive 10% cash back (up to $300 cash back) on up to $3,000 spend in the first 2 months. T&Cs apply. Valid until 31 Oct 2022.
HSBC Advance Credit Card
Receive up to $200 cashback when minimum spend requirements are met.
Enjoy up to 3.5% cashback on all purchases with no minimum spend
$0 annual fee for the first 1 year (permanently waived for HSBC Advance banking customers) and $192.60 thereafter
$30,000
New cardholders can choose from a Samsonite Prestige 69cm Spinner Exp with built-in scale (worth $670) or $200 cashback upon $500 minimum spend. Plus, receive up to $150 cashback when you apply for supplementary cards. Existing HSBC credit cardholders are eligible to receive $50 cashback. T&Cs apply. Ends 31 Dec 2022.
American Express True Cashback Card
Enjoy 1.5% cashback on all purchases with no minimum spend or cap. Plus receive up to $80 CapitaVouchers when a minimum spend of $250 is made in the first month.
Earn 1.5% cashback on all eligible spending with no minimum spend or cap
$0 annual fee for the first 1 year and $171.20 thereafter
$30,000
Apply today and get a 3% cashback bonus when you spend $5,000 in the first six months.
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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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