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Duane Cheng
16 Aug 2020
Financial Consultant at Prudential Assurance Company Singapore
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Hi Ms.Ho,
As most of your insurance policies are from GE, this is the only card which allows you to split your yearly premiums into monthly payments without incurring a 3% adminstrative fee on your premiums.
Most cards in the market do not accept insurance premiums as a form of spending at this point. If you are comfortable paying a lump sum every year, you can just opt for a giro deduction. If not you can continue to use your card!
Hope i was able to shed some insight!