Credit Cards Deals

Targeted: ipaymy 1.75% fee for any one-time Visa payment

Check if you've been targeted for a special 1.75% fee for any payment type using ipaymy between now and 5 June

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Most of you will already be aware of ipaymy’s income tax deal for 2020, with the card payment provider charging 1.75% fee when you use a Singapore-issued Visa or selected Mastercard to pay your latest IRAS Notice of Assessment.

We’ve got a full rundown of all this year’s income tax payment options, starting from a cost per mile of just 1.07 cents, in our full 2020 guide to earning points when settling one of the year’s biggest bills. Be sure to check that out before assuming you’re getting the best deal.


Targeted 1.75% offer

In addition to the income tax deal, which runs until 31st July 2020, ipaymy has been emailing out a promo code to selected customers offering a 1.75% fee on any payment type made using a Singapore-issued Visa card between now and 5th July 2020.

175 Email

Back SG Code


IMBACKSG Visa Card White 2.25% 1.75%
Selected users: One-time payment with a Singapore-issued Visa card.

I tested the code out and it works with no issues, just be aware of the terms and conditions:

  • Only valid for select users
  • Payment must be made with a Singapore-issued Visa credit card
  • Promo code valid for one-time payments
  • Charge date must be on or before 5th July 2020
175 Test
You enter the promo code in the ‘Coupon Code’ field at the payment details stage

If you didn’t receive an email with the promo code, it’s unlikely to work as this is a targeted offer, but there’s no harm in trying if you have a non income tax payment to make like a rent, education or insurance bill.

If the code doesn’t work, you’ll pay the regular 2.25% for any payment type. This also applies to Mastercard transactions.


Cost per mile

Here’s how the cost per mile works out for a wide range of Singapore-issued Visa cards under this 1.75% fee offer.

Card Promo Fee Mpd Cost
Citi Ultima Trans.pngCiti ULTIMA 1.75% 1.6 1.07¢
CardDBS Insignia 1.75% 1.6 1.07¢
BOS Voyage CardBOS Voyage 1.75% 1.6 1.07¢
Premier Voyage Card 2OCBC Premier Voyage 1.75% 1.6 1.07¢
$UOB Reserve CardUOB Reserve 1.75% 1.6 1.07¢
Card VisaUOB PRVI Visa 1.75% 1.4 1.23¢
CardUOB VI 1.75% 1.4 1.23¢
image_standard-chartered-visa-infinite@2x02.pngSCVI 1.75% 1.4* 1.23¢*
Card.jpgOCBC Voyage 1.75% 1.3 1.32¢
Step up
(until 30 Jun)
1.75% 1.25** 1.38¢**
Card2019.pngCiti PM Visa 1.75% 1.2 1.43¢
Altitude Card.jpgDBS Alt Visa 1.75% 1.2 1.43¢
CardX Card 1.75% 1.2 1.43¢

* 1.4 mpd earn rate for the SCVI card is subject to a minimum spend of S$2,000 in the same statement cycle as your payment. The ipaymy payment does count towards the minimum.
** Step up earn rate for HSBC VI is only applicable from year 2 of card membership onwards, provided you spent at least S$50,000 in the previous year.

Even some of the most common cards earning 1.2 mpd for general local spend are giving you a competitive 1.43 cents per mile option here, assuming you’ve been targeted.



If you’ve used ipaymy before, be sure to check your email to see if you’ve been targeted for this special offer.

If so there’s probably a bill you can settle using a good miles earning credit card for a 1.75% fee between now and 5th July 2020 and pick up some miles at a decent cost along the way.

Visa Promo

Aside from the obvious rental payments, education and insurance bills, we’ve used ipaymy for home improvement invoices and even air conditioning service bills, so there are plenty opportunities provided you have a supplier invoice to provide.

For the biggest bill of all – income tax – don’t forget our comprehensive guide to earning miles when paying this year. There are some great offers out there.

(Cover Photo: Shutterstock)



  1. This isn’t cool. People who’ve been using ipaymy regularly aren’t being “rewarded” with a lower rate, instead people who haven’t are.

    I wasn’t sent the email, but when I tried the same code, it says “Good news, no promo code required – you already received the lowest rate!” Just BS.

    1. Just to clarify. The supposed “lowest rate” was 2.25% – the standard rate that everyone gets. So conclusion, the code doesn’t work unless your account was targeted.

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