Redeem a business class return ticket to Japan worth $4,000 at only $1,480!
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 $5,480
(2) UOB PRVI Miles Visa Card which has a yield of 1.4 miles per dollar spent
GET225 discounted fee
(2.25% per transaction)
(1.4 miles per dollar)
|Insurance||$830 per month||$123.30 per month||7,840 air miles per month||Worth $4,000 when redeemed for a return business class flight to Japan!|
|Rental||$2,900 per month|
|Education fees||$900 per month|
|Helper salary||$650 per month|
|Electricity bills||$200 per month|
|Total||$65,760 per year||$1,480 per year||~94,100 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 $1,480 spent on CardUp fees.
Please note the earn rate of rewards on CardUp transactions are at the discretion of the card issuing bank.