Credit Cards Deals

Exclusive: New to ipaymy? Zero fee on a payment up to $1,000

Generate free miles as a first time ipaymy user, with S$22.50 discount on the usual fee using our Mainly Miles reader promo code.

Most of our readers are familiar with credit card payment platforms in Singapore, allowing them to settle a variety of bills and invoices not normally accepting card payments, while in the process paying an administrative fee but crucially earning their regular credit card points or frequent flyer miles for the transaction.

There’s always a price to pay (well, usually…), so it all boils down to the all important ‘cost per mile’ when deciding whether this is a worthwhile strategy to keep your frequent flyer balance healthy.

It’s far from a crazy strategy of course – we know people paying their monthly property rental with their credit card, for example, who manage to churn enough miles each year for a Business Class ticket at a fraction of the price usually charged!


Reader offer

ipaymy kindly reached out to us this month with a special offer for Mainly Miles readers. Here’s how the promotion works.

If you’re new to ipaymy, or have signed up but are yet to make your first payment through the platform, our reader offer will give you up to S$22.50 off the usual fee for a one-time transaction between now and 28th February 2021.

With ipaymy charging a 2.25% transaction fee for payments using your Singapore-issued Visa or Mastercard, that’s equivalent to a completely fee-free payment up to S$1,000.

Even for payments above S$1,000, the discount is giving you the unique opportunity to buy miles at very attractive rates, as you’ll see below.

Simply set up your rental, supplier invoice or tax payment using ipaymy and enter our promo code MAINLY1000 at the ‘Complete Your Payment’ stage for the discount to be applied.

Cost per mile

Don’t make the mistake of thinking this code is only good for payments of up to S$1,000. The S$22.50 fee discount will apply to any larger payment too, so there’s the opportunity here to ‘buy’ miles at very competitive rates for amounts right up to around S$5,000 or more.

Here’s an example of the cost per mile for first time users applying the MAINLY1000 code with a range of Singapore credit cards.

Payment Promo Fee Cost per mile
CardMC2019-small1.2 mpd Card Visa Small1.4 mpd $UOB Reserve Card1.6 mpd
S$15 –
S$0.00 Zero Zero Zero
S$1,500 S$33.75
0.62¢ 0.53¢ 0.47¢
S$2,000 S$45.00
0.93¢ 0.79¢ 0.70¢
S$3,000 S$67.50
1.23¢ 1.06¢ 0.92¢
S$5,000 S$112.50
1.47¢ 1.26¢ 1.11¢

Check here for a full list of cards earning miles using ipaymy.

These are all very competitive rates to buy miles and an easy way to top up your balance by thousands.

Pro Tip: For payments of up to S$11,000 with Citi credit cards, using the MAINLY1000 promo code with ipaymy comes in cheaper than using Citi PayAll at a 2% fee.

Remember this is for a one-time payment which must be your first using the platform, so try to maximise it for the best value. For example if you have a S$1,500 invoice and a S$500 invoice to pay in December, it’s best to use this promo code for the S$1,500 one, but you’ll have to pay it first.

If you’re already an ipaymy user, don’t forget you may still be able to take advantage of our offer by encouraging a spouse or family member to set up an account and make payment.

Existing ipaymy users

ipaymy has an ongoing offer for any one-time payment in November 2020 with S$11.11 off the usual fee, including for existing customers, effectively making payments up to around S$500 ‘fee free’.

Here’s how the cost per mile looks for a range of payments under that offer using the same three example credit cards as we showed for our new user promotion above.

Payment Promo Fee Cost per mile
CardMC2019-small1.2 mpd Card Visa Small1.4 mpd $UOB Reserve Card1.6 mpd
S$15 –
S$0.00 Zero Zero Zero
S$500 S$11.25
0.02¢ 0.02¢ 0.02¢
S$1,000 S$22.50
0.94¢ 0.80¢ 0.70¢
S$1,500 S$33.75
1.24¢ 1.06¢ 0.93¢
S$3,000 S$67.50
1.64¢ 1.32¢ 1.15¢

That means even existing users can take advantage of some free (and attractive) miles purchase rates, if they have a payment to make this month.

Use BOTH promo codes

If you’re a first time ipaymy user with more than one payment to make this month, an even better option is to use both promo codes during November 2020, for a total discount of up to S$33.61 on the usual fees payable.

In this case you will have to use the MAINLY1000 code on your first payment, followed by the NOV11 code on any subsequent payment during November.

For example:

  • 16th November: S$1,000 payment using MAINLY1000 (fee S$0.00)
  • 24th November: S$500 payment using NOV11 (fee S$0.14)

This would allow you to generate 2,400 miles with a 1.6 mpd credit card for just S$0.14!

How it works

Setting up a payment using a personal account with ipaymy is a relatively self-explanatory process.

Sign up here, then once your account is up and running, select your payment type from the dashboard page:

  • Rent Payment
  • Supplier Invoice
  • Tax Payment

At the final (fourth) step of your payment setup, the ‘Complete Your Payment’ stage, enter the promo code MAINLY1000 (or NOV11 if you’re an existing user) in the ‘Coupon Code’ section.

Once the code is entered the discount will be applied.



A great deal from ipaymy if you’re new to the platform or have signed up but are yet to make your first payment, with a rare opportunity to accrue free or very inexpensive miles.

There’s also the opportunity if you’re an existing user to have your spouse or partner sign up so you can still benefit.

Our promo code is valid until 28th February 2021, so there’s plenty of time to decide on a good opportunity to use the service, like a tax payment, home improvement invoice or even an air conditioning service bill!

Don’t forget even if you’ve used ipaymy before, promo code NOV11 will earn you up to S$11.11 off the usual transaction fee if you have a payment to make this month.


Sign Up HERE

(Cover Photo: Shutterstock)

Links on Mainly Miles may pay us an affiliate commission.



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