Credit Cards Deals

ipaymy now accepts American Express cards, plus Lunar New Year fee promo

You can now earn miles for payments made using American Express cards with ipaymy at a competitive year-round 2.25% fee, plus get a 1.88% promotional rate for Visa and Mastercard payments till 5th February.

Card payments provider ipaymy has added the option to settle bills and invoices when using American Express cards for the first time, with a competitive 2.25% fee, meaning several popular miles-earning credit cards can now generate miles from 1.57 cents each when paying rent, taxes or other general invoices.


This deal comes in close to 15% cheaper than the CardUp alternative for American Express card payments, making ipaymy the new go-to provider for those using these cards to generate additional miles.

We are happy to announce that ipaymy now accepts American Express cards for Singapore Personal users


Until now, ipaymy only accepted Visa, Mastercard and Union Pay cards.

Newly supported AMEX cards

Only American Express consumer cards in Singapore are currently accepted on ipaymy, adding the following options to the list on the miles-earning side:

  • AMEX Singapore Airlines KrisFlyer Credit Cards
  • DBS Altitude AMEX Card
  • DBS Treasures Black Elite AMEX Card
  • UOB PRVI Miles Platinum AMEX Card

Supported AMEX payment types

Using your American Express card, you can make domestic payments using ipaymy in the following categories:


  • Rent
  • Rental Deposits


  • Income Tax
  • Property Tax
  • Stamp Duty


  • Condo Fees (MCST)
  • Tuition, Education, and School Fees
  • Season Parking
  • Insurance
  • Utilities

Cost per mile

Here are some cost per mile examples for Singapore-issued credit cards with this year-round 2.25% rate, applicable to any American Express card payment:

Card Miles per S$1 Cost per mile
(2.25% fee)
UOB PRVI Miles Amex 1.4 1.57¢
DBS Altitude Amex 1.2 1.83¢
DBS Treasures Black Elite
1.2 1.83¢
AMEX KF Ascend 1.2 1.83¢
AMEX KF Blue 1.1 2.00¢

As you can see this 2.25% fee level allows you to generate miles from 1.57 cents to 2 cents each using these popular miles-earning American Express cards.

CardUp charges a 2.6% fee for payments using American Express cards, which means paying 15% more to generate miles compared to this year-round rate from ipaymy (1.81 cents to 2.3 cents, in the above examples).

CNY Offer – Visa and Mastercard payments for 1.88%

While there’s no current promotional rate for Amex cards, if you make a payment through ipaymy with a charge date between now and 5th February 2023 and apply promo code HUAT188, using a Singapore-issued Visa or Mastercard, you’ll be eligible for a competitive 1.88% rate for the transaction.

Note that this does not apply to recurring payments.


The payout date for your payment will need to be on or before 7th February 2023 in order to benefit from the promotional rate.

Obviously the bigger the payment, the bigger the saving, so if you have several transactions to make this month – try to save the code for the most expensive one!

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¢
DBS Vantage 1.5 1.23¢
Card MCUOB PRVI Miles MC/Visa 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¢
Citi PremierMiles 1.2 1.54¢
Card 2 smallOCBC 90ºN 1.2 1.54¢
Card SmallKrisFlyer UOB 1.2 1.54¢

All of these are competitive rates to buy, now that international travel has returned.

To benefit from the lower rate, you just need to enter HUAT188 in the ‘Promo code’ field when setting up your payment.

Do note that CardUp is currently offering a lower 1.8% fee on a one-time payment for the first 200 users between now and the end of February 2023, but this is restricted to Visa card payments.

If you can use that code first with a Visa, you can then shift to ipaymy for the next payment using either Visa or Mastercard at 1.88%.

Combining payments

You can maximise this ipaymy promotional rate by combining more than one invoice payment into a single transaction, for example one for insurance and another for tuition fees.

This will allow you to pay more than one bill at the 1.88% promotional rate.

Here’s an example for a payment I have scheduled to two separate providers, at S$1,000 each.

The HUAT188 promo code then applies the promotional 1.88% fee on both payments (i.e. one combined credit card charge).

For more details on how to pay multiple invoices with ipaymy, click here.

CNY giveaway

Between now and 5th February 2023, you’ll earn an automatic entry into ipaymy’s Lunar N