SG Budget Babe
Asked on 02 Dec 2019
Which credit card should I consider for recurring bills? is it more worth it to go for cashback or miles for recurring payments?
If you're banking with UOB, UOB One would be a good option. Having recurring bills charged to your UOB One credit card helps to secure as much consistent monthly spending as possible so that you don't need to have a high variable spending just to meet the spending tiers of $500, $1000 and $1500.
Otherwise if you can spend minimally $800 a month, you can consider OCBC 365. Recurring payment for telco and electricity gives you a 3% cashback, which is pretty good. Other spendings e.g. dining has higher cashback of 6%.
If you're looking for a no-minimum-spending / fuss-free credit card, you can go for HSBC Advance, Standard Chartered Unlimited or AMEX True Cashback, which all give 1.5% cashback without minimum spending.
I would prefer to use cashback cards for recurring bill payments such as SC Unlimited or Amex True Cashback Card.
For your information, SP Services are now accepting Amex, MasterCard & VISA Cards issued by any bank.
I think the UOB one card + Grabpay combi is one of the best to earn 8.33% interest.
So for recurring bills, you can use AXS mobile to pay using grabpay, topup your grabpay using UOB One card.
UOB One card has a tie up with Grabpay which grants you 8.33% if you spend $500 monthly.
I will seriously advise you to use grabypay to pay your recurring bills via AXS mobile app to enjoy this 8.33% cashback.
To do so, first link your UOB one card with your grab account to top up. And when your bill is due, simply log into AXS mobile app and pay via Grabpay
Since we are on Milelion community, I'll only address the miles part :)
On recurring payments, some payments on telcos websites on certain cards (e.g. Citibank Rewards, DBS WWMC iirrc) can achieve 4mpd, hence I would put a bit more effort to earn this 4mpd instead of scheduling recurring payments.
Otherwise, if you really need to set up recurring payments, any generic miles card (e.g. UOB Prvi / Citibank premiermiles / DBS Altitude) will do fine. If I'm not wrong, utilities payment to Singapore Power is only supported by DBS cards.
03 Dec 2019
It depends on whether you prefer cashback or miles.
For cashback, if you spend exactly $500, $1,000, or $2,000 monthly, then go for UOB One card. At up to 5% cashback, it is definitely one of the best cards to go for.
Alternatively, go for Standard Chartered Unlimited cashback cap. With no minimum spend and cap, it is definitely a very versatile card.
For miles, I will choose Citi Premier Miles since the miles never expire.
Of course, all the above works for most purposes. The actual card will depend on your breakdown.
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