Credit Cards Deals

ipaymy offers for February – buy miles from 1.15 cents each

Free miles for new users, or buy miles from 1.15 cents each as an existing customer, with the latest ipaymy offers for February 2021.
EXPIRED This article relates to an offer or promotion which has now expired.

If you’ve got bills to pay or invoices to settle this month, ipaymy has some new offers for February it’s worth considering, including a 1.88% fee for two payments, plus it’s the last few weeks to take advantage of our new user offer, where Mainly Miles readers will pay zero fee on their first payment up to S$1,000.

These deals can allow you to generate miles for absolutely nothing, or for a very competitive cost, when paying rent, taxes or other general invoices.


Additionally, ipaymy continues to offer recurring payments starting at 1.79% fee for rent and 1.89% for other general bills, plus has an international payments offer at 1.99% fee (usually 2.8%).

Mainly Miles reader offer – pay zero fee

ipaymy reached out to us in November last year with a special offer for Mainly Miles readers, which is expiring at the end of February 2021. 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 competitive rates to buy miles and an easy way to top up your balance by thousands in one go.

For example a S$2,000 payment using the UOB PRVI Miles Visa or Mastercard (1.4 mpd) is possible at a fee of just S$22.50 (instead of S$45), the equivalent of buying 2,830 miles at just 0.79 cents each.

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 January, 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.

CNY Offer – Existing users pay 1.88%

If you make up to two payments through ipaymy anytime this month as an existing user and apply promo code ANGBAO, with payment using a Singapore-issued Visa or Mastercard, you’ll be eligible for a competitive 1.88% rate for both transactions.

Note that this does not apply to recurring payments.

Obviously the bigger the payment, the bigger the saving, so if you’re an existing user with several transactions to make this month – try to save the code for the most expensive two!

There’s no upper transaction limit for this code, but the charge date must be on or before 28th February 2021 to qualify.

Simply set up your payment as normal using ipaymy, then at the final (fourth) step (the ‘Complete Your Payment’ stage), enter the promo code ANGBAO in the ‘Coupon Code’ section.

Once the code is entered the discount will be applied, as shown above.

Here are some cost per mile examples for Singapore-issued credit cards under this promotional deal at the 1.88% rate (applicable to any Visa or Mastercard payment):

Card Miles per S$1 Cost per mile
(1.88% fee)
$UOB Reserve 3.pngUOB Reserve 1.6 1.15¢
Citi Ultima Trans.pngCiti ULTIMA 1.6 1.15¢
Card MCUOB PRVI Miles MC/Visa 1.4 1.32¢
image_standard-chartered-visa-infinite@2x02.pngStandard Chartered Visa Infinite 1.4* 1.32¢*
Card2019 SmallCiti Prestige 1.3 1.42¢
CardOCBC Voyage Visa 1.3 1.42¢
Altitude Card.jpgDBS Altitude Visa 1.2 1.54¢
This image has an empty alt attribute; its file name is CardMC2019-small.pngCiti PremierMiles 1.2 1.54¢
Card 2 smallOCBC 90ºN 1.2 1.54¢
Card SmallKrisFlyer UOB 1.2 1.54¢

* 1.4 mpd subject to a minimum spend of S$2,000 in the same statement cycle, otherwise 1 mpd. ipaymy payments do count towards the minimum.

All of these are competitive rates to buy, we value KrisFlyer miles at 1.9 cents each (our upper limit), and actually achieve around 2.4 cents per mile when we redeem, based on well over 1 million miles burned over recent years, assuming current redemption rates.

CNY ANGBAO giveaway

Between now and 21st February 2021, you’ll earn an automatic entry into ipaymy’s CNY ANGBAO giveaway for every $500 you pay using the ANGBAO promo code.

Each entry gives you chance to win one of 18 exclusive codes for an S$88 reduction on your next ipaymy fee.

That’s enough for a completely fee-free payment up to almost S$4,000, allowing you to generate up to 6,400 free miles with a 1.6 mpd credit card.

If you make payment with a Visa card, you’ll double your chances of winning.

There’s no upper cap on the payment amount when using one or both of your ANGBAO codes, so the larger your transaction the more entries you’ll receive in the prize draw.

Remember the ANGBAO promo code is valid all month but the CNY ANGBAO Giveaway will run from 1st to 21st February 2021. The winners will be announced on 24 Feb 2021 on ipaymy Facebook page.

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 February 2021.

In this case you will have to use the MAINLY1000 code on your first payment, followed by the ANGBAO code on up to two subsequent payments during February.


For example:

  • 8th February: S$1,000 payment using MAINLY1000 (fee S$0.00)
  • 14th February: S$1,000 payment using ANGBAO (fee S$18.80)
  • 18th February: S$500 payment using ANGBAO (fee S$9.40)

This would allow you to generate 4,000 miles with a 1.6 mpd credit card for just S$28.20 (0.7 cents per mile)!

Recurring payments from 1.79%

You may recall last year ipaymy launched 1.79% fee promotion for recurring rental payments of six months or more, with a Singapore-issued Visa or Mastercard.

That offer is still available, though it’s now restricted only to locally-issued Visa cards. You can buy miles from just 1.1 cents each by paying your monthly rent this way.

Even if your tenancy agreement is for less than six months, ipaymy will still honour the promotional rate provided you contact their support team via with proof of your tenancy agreement, so you can still benefit.

You can also save by setting up any scheduled recurring payment of 3 months or more at a 1.89% fee (which would also apply to a recurring rental payment using a Mastercard).

This allows you to buy miles from 1.16 cents each (with a 1.6 mpd card), or at 1.55 cents per mile (with a 1.2 mpd card).

No promo code is required for these recurring payment offers – you’ll see the discounted fee of 1.79% or 1.89% will kick in automatically on setup.

International payments at 1.99%

ipaymy allows you to make international payment for rent, salaries, invoices and money transfer to over 30 countries (like Australia, India and Thailand) in multiple currencies using your preferred credit card.

This usually means paying a fee of 2.8%, however there is currently a special offer with a reduced fee of 1.99% using promo code ABROAD199.

This is valid for all users, new and existing, making their first international payment using a Singapore-issued Visa or Mastercard.

Citi PayAll has a good offer

If you’re a Citi credit card holder with a decent miles earning card like the PremierMiles, Prestige or ULTIMA, the bank has a good offer running between now and the end of April 2021.

  • New users: The lowest 2 out of at least 3 payments fee-free
  • Existing users: 1% fee on a recurring payment of 3 months or more

Check out our recent article for full details of this offer, which can allow you to buy miles from just 0.42 cents each.


Still some great deals from ipaymy this month, especially 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 with our ongoing reader offer.

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 only a few weeks left to decide on a good opportunity to use the service, like a tax payment, home improvement invoice or even an air conditioning service bill!

Better still, if you haven’t made a payment using ipaymy before, start by using our exclusive reader discount code MAINLY1000, then potentially take advantage of the ANGBAO discount code later in the month.

Even existing customers with payments coming up can consider taking advantage of a two-time 1.88% fee this month, or the recurring payment fees of 1.79% or 1.89%, to buy miles at an attractive rate.


Sign Up HERE

Links on Mainly Miles may pay us an affiliate commission.

(Cover Photo: Shutterstock)


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