Redeem a business class return ticket to Japan worth $4,000 at only $1,400!
Rest assured for many credit cards in Singapore, the value of the rewards gained will outweigh our fees.
Our benefits calculator will help you calculate the miles or cashback earned based on the credit card used and amount spent. Please also visit our blog for regular tips on how to maximise your miles and cashback versus CardUp’s fee.
To help you along, here is an example based on a miles card for your consideration:
We will assume 2 factors:
(1) Monthly payments of $5,150
(2) BOC Elite Miles Credit card which has a yield of 1.5 miles/$
GET225 discounted fee
(2.25% per transaction)
(1.5 miles per dollar)
|Insurance||$800 per month||$115.88 per month||7,898 air miles per month||Worth $3,900 when redeemed for a return business class flight to Japan!|
|Rental||$2,900 per month|
|Education fees||$600 per month|
|Helper salary||$650 per month|
|Electricity bills||$200 per month|
|Total||$61,800 per year||$1,390.50 per year||~94,780 air miles per year|
With over 94,000 miles you can redeem, for example, 1 return business class ticket to Japan, which costs approximately $4,000. In this scenario, the value gained far exceeds the $1,390 spent on CardUp fees.
Please note the earn rate of rewards on CardUp transactions are at the discretion of the card issuing bank.