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