Is there any credit cards that can be make use of to pay school fees? I am able to pay the bills but just wondering if I am able to reap any benefits like air miles etc..? - Seedly
 

Education

Lifestyle

Credit Card

Asked by Anonymous

Asked on 26 Oct 2018

Is there any credit cards that can be make use of to pay school fees? I am able to pay the bills but just wondering if I am able to reap any benefits like air miles etc..?

It would be even better if I am able to earn air miles from recurring payment such as insurance and spotify

0

Answers (4)

Sort By

Most Upvote

  • Most Upvote
  • Most Recent
Elsa Goh
Elsa Goh
Level 6. Master
Answered on 27 Oct 2018

Hm if u are not working im not sure whether the banks etc will give u these cards, but here goes:

  1. Amex true cashback gives you cashback for virtually anything. New signups get 3% cashback up till 5k for first 6 mths. Therafter 1.5%. Amex also has a miles card but check properly first. But a lot of places dont accept amex.

  2. If your school fees are paid in a lump sum each time, can consider ocbc cash flo. It will auto split your lump sum payment across 3,6 or 12 mths and the bill every mth gives u 1% off. (Hard to explain but u can google it). But do check directly with them whether they give the 1% cashback on school fees. I think works for insurance as well. This is not amex so ur school more likely to accept.

If the banks etc need u to have an income before they will issue u a card, and u dont have income, then ure left with the ones they have specially for graduates... that one a quick google will help you but i have a feeling very few allow cashback on school fees.

Air miles im not so sure.

Whatever card u get really make sure u can service the monthly bill if not ure just killing yourself.

0 comments

0
Kai Xin
Kai Xin
Level 4. Prodigy
Updated on 07 Jun 2019

Using ipaymy.com is similar to using cardup. Usage fees are the same,except that they will run some monthly promos that will bring down the usage fees to 1.99%. You save money while earning miles at the same time!

2 comments

0
Elsa Goh
Elsa Goh

27 Oct 2018

Wait, which credit card can actually make the transaction costs worth it?
Kai Xin
Kai Xin

27 Oct 2018

Last i heard the fees is 1.65%, BOC EM could be a good choice
Bernard Soh
Bernard Soh
Level 3. Wonderkid
Answered on 26 Oct 2018

I think HSBC Revolution Card can be used.

0 comments

0
HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 8. Wizard
Updated on 07 Jun 2019

Yes. Use cardup.

https://cardup.co

Note: They charge 2.6% service fee!

So apply for Bank CC such as BOC Family or UOB one card and make sure your cash back % is more than 2.6% to earn some cash back after deducting card up 2.6% fee:

https://blog.cardup.co/best-cashback-credit-cards-maximize-savings/

Note that there's a min services fee:

For credit cards issued in Singapore:

A 2.6% fee applies on each transaction, subject to change for promotional rates. Do note that for payments of $130 or less, a minimum fee of $3.40 applies.

For credit cards issued outside of Singapore:

A 3.3% fee applies on each transaction. Do note that for payments of $1,000 or less, a minimum fee of $33 applies. Promotional codes are not eligible for use on payments made with credit cards issued outside of Singapore. 

Source:

https://carduphelp.zendesk.com/hc/en-us/articles/227448868-Why-do-you-charge-service-fees-

If you're keen to earn miles rather than cash back, you can refer to Mileslife blog as their website to find out more.

Cheers!

2 comments

0
Elsa Goh
Elsa Goh

27 Oct 2018

Wait, which credit card can actually make the transaction costs worth it?
HC Tang
HC Tang

27 Oct 2018

Miles with the right card is more worth it.