Best Insurance & School Fees Miles/Cashback Credit Cards in Singapore (April 2024)

Last updated on 1 April 2024

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What are the Best Cards in Singapore for Insurance and Education?

Insurance payments and school fees are excluded from earning miles/cashback on credit cards on all Singapore banks, except for these AMEX cards.

Additional note:

Not all insurance companies and schools accept American Express cards
Maybank Manchester United: School fees only, on days when Manchester United wins an EPL match
Maybank Horizon: Foreign currency only
UOB Absolute: Insurance only

How are these cards chosen and ranked?

These cards are picked and ranked based on how they compare against other cards, based on these key factors:

1) Earn rates (miles/cashback)
2) Ease of use (spending/income requirements)
3) Miles/Points flexibility (total transfer partners)
4) Miles/Points expiry term
5) Annual fee
6) Other additional benefits

💡Click on the + Card Summary buttons below to instantly view the key details of each card!

UOB Absolute Cashback

Get unlimited 1.7% cashback on almost everything

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🎁 Sign-up bonus

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UOB Absolute Cashback American Express Card

Suitesmile rating:

✍️ Short summary
This card gives you unlimited 1.7% cashback on almost everything.

Earn just 0.3% cashback on certain spending categories like Healthcare, School Fees, Utilities and GrabPay e-wallet top-ups.

As compared to Visa and Mastercard, it can be harder to find merchants that accept AMEX cards outside the United States.

💸 Annual fee
$196.20
(First year waived)

💼 Income requirement
$30,000/year

🤑 Foreign currency fee
3.25%

❓How/When cashback is credited
Cashback amount is credited into the card by the end of the following statement month.

📜 Terms & conditions

AMEX True Cashback

Get 21% discount on fuel, 1.5% cashback on almost everything else

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🎁 Sign-up bonus

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American Express True Cashback Card

Suitesmile rating:

✍️ Short summary
This card gives you unlimited 1.5% cashback on almost everything! This includes spending categories that are usually excluded from earning cashback/miles on other cards like Utilities, Insurance, Hospital and School fees.

Cardholders can also get a 21% discount at SPC fuel stations per year. The Registration is required via the AMEX mobile app.

Here’s a quick breakdown of how the SPC discount is calculated:

10% instant discount as an SPC&U member
5% instant discount by using an AMEX card
7.1% statement credit from the amount that was charged to card

As compared to Visa and Mastercard, it can be harder to find merchants that accept AMEX cards outside the United States.

💸 Annual fee
$174.40
(First year waived)

💼 Income requirement
$30,000/year

🤑 Foreign currency fee
3.25%

❓How/When cashback is credited
Cashback amount is credited into the card by the end of the statement month.

📜 Terms & conditions

Maybank Manchester United

Get 2 mpd + 3% cashback on almost everything when Man Utd wins

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🎁 Sign-up bonus

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Maybank Manchester United Platinum Visa Card

Suitesmile rating:

✍️ Short summary
Earn 2 miles per dollar (uncapped) + 3% cashback (up to $1,000 worth of spending per calendar month) on almost everything, on days when Manchester United wins an English Premier League match.

To get the above earn rate and cashback, transactions have to be made during the United Kingdom day that the team wins an EPL match. All transactions made from 0000 hours to 2359 hours Singapore time on that day will receive this bonus earn rate.

This bonus earn rate is a little tricky to guarantee, especially when most matches end close to or after midnight Singapore time.

Click here to view Manchester United’s EPL fixtures. Take note that EPL seasons usually run from August to May.

This bonus earn rate is especially useful for spending categories that are usually excluded from earning miles/cashback on other cards. This includes School Fees and Utilities.

Get just 1% cashback + 0.4 mpd on all other days.

💸 Annual fee
$80
(First 2 years waived)

💼 Income requirement
$30,000/year

🤑 Foreign currency fee
3.25%

⏰ Points expiry
1 year from transaction

🫱‍🫲 Transfer partners
Krisflyer, Asia Miles and Enrich

💯 Transfer ratio
2.5 points = 1 mile

🧮 Transfer block
KrisFlyer: 25,000 points (10,000 miles)
Asia Miles & Enrich: 12,500 (5,000 miles)

💲Transfer fee
$27 per transfer

🤗 Points pooling
Points from this card can be combined with those from other Maybank cards and transferred out together at once.

❓How points are credited
Earn 5 base point per $5 dollar spent, plus 20 bonus points for eligible transactions on a Man Utd winning day (equivalent to 2 mpd in total).

❓When cashback is credited
Cashback amount is credited into the card at the end of the following month.

📜 Terms & conditions

Maybank Horizon

Earn 2.8 mpd on flights and foreign currency spending

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🎁 Sign-up bonus

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Maybank Horizon Visa Signature Card

Suitesmile rating:

✍️ Short summary
Cardholders can receive an uncapped earn rate of 2.8 miles per dollar on foreign currency transactions, when spending at least $800 per calendar month.

On top of that, cardholders can also receive 2.8 miles per dollar on flight bookings, when spending at least $800 per calendar month. However, this bonus earn rate is capped at $10,000 per calendar month.

Other transactions, including foreign currency spending under $800 per calendar month, earn just 1.2 mpd (very poor!).

Miles earned on this card expire after just 1 year, and can only be transferred to 3 Frequent Flyer Programs. Because of its poor flexibility and minimum spending requirement, I recommend using this card only for school fees in foreign currency and more-expensive flight bookings in Singapore Dollars.

💸 Annual fee
$180
(First 3 years waived)

💼 Income requirement
$30,000/year

🤑 Foreign currency fee
3.25%

⏰ Points expiry
1 year from transaction

🫱‍🫲 Transfer partners
Krisflyer, Asia Miles and Enrich

💯 Transfer ratio
2.5 points = 1 mile

🧮 Transfer blocks
KrisFlyer: 12,500 points (5,000 miles)
Asia Miles: 5,000 (2,000 miles)
Enrich: 2,500 (1,000 miles)

💲Transfer fee
$27 per transfer

🤗 Points pooling
Points from this card can be combined with those from other Maybank cards and transferred out together at once.

❓How points are credited
Earn 5 base point per $5 dollar spent, plus 45 bonus points for eligible online transactions (equivalent to 3.2 mpd in total).

📜 Terms & conditions