Best Credit Card for Paying Electricity Retailer & SP Bills (2025)
Owning your first home is exhilarating. Until the recurring monthly electricity, Wi-Fi and conservancy bills wear it all down. It’s okay, you can still charge your bills to a suitable credit card and earn some cash back. Here are the best credit cards for paying your electricity bills.
Best Credit Cards for Paying Electricity Bills in Singapore (2025)
UOB One Card
- Cashback on McDonald's, DFI Retail Group, Grab, Shopee, SP and more
- Up to 20%
- Cashback Cap per quarter
- Up to S$500
- Min. Spend per month
- S$500
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The UOB One Card offers quarterly rebates based on how much you spend. Besides the 5% cashback on McDonald’s, DFI Retail Group, Grab, Shopee Singapore, SimplyGo and UOB Travel spend, there's also up to 4.33% cashback on SP utilities bills.
To get the maximum 10% equivalent of cashback, you need to spend a minimum of $2,000. Otherwise, if you spend $500 or $1,000 every month in one quarter, you get lower rebates.
OCBC 365 Credit Card
- Cashback on Fuel Spends
- 6%
- Cashback on Everyday Dining
- 5%
- with min. spend of $1,600 per month
- Unlock up to $160 Cashback
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HSBC Advance Credit Card
- Base Cashback
- 1.5%
- Cashback when you spend more than S$2,000
- 2.5%
- Cashback Cap per month
- S$70
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HSBC Advance Credit Card potentially allows you to receive a maximum of 2.5% cashback, provided that you spend above $2,000 a month as a HSBC Advance credit cardholder.
Maybank FC Barcelona Visa Signature
- on All Local Spend
- 1.6% Unlimited Cashback
- on Spend in Foreign Currency
- S$1 = 2X Points
- Min. Spend per month
- S$0
POSB Everyday Card
- Cash rebates on Online Food Delivery
- Up to 10%
- Cash Rebates on Groceries from Sheng Siong & RedMart
- Up to 5%
- Fuel Savings at SPC
- Up to 20.1% + 2%
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DCS CASHBACK Card
- on all eligible transactions
- Up to 5% Cash Rebate
- Airport Lounge Access and Insurance Coverage
- Complimentary
- Annual Principal Fee
- S$196.20 (inclusive of GST)
One of the highlights of this card is that you’ll be able to enjoy 5% cash rebate for all eligible transactions including payment for your electricity bills, with a minimum spending of S$400 (per month) on your DCS CASHBACK Regular Credit Card.
Best credit cards for paying electricity retailer bills
Following the launch of the Open Electricity Market, many Singaporeans have switched to an electricity retailer as it reduces the electricity bill by 20% to 30%. To get the most cashback from paying your electricity retailer bills, charge it to either one of these 3 cards:
Up to 4.33%
Up to 4.33% cashback for utilities bill
3% cashback
3% cashback on recurring electricity bills from electricity retailers
1.6% cashback
1.6% cashback on all local spend, excluding insurance and town council payments
Best credit cards for paying SP bills in Singapore
If you still have not switched to another electricity retailer, here are the best credit cards for Singapore Power electricity bills.
3% rebate
3% cash rebates at SP Group, Union Power, Tuas Power and Geneco
1.6% cashback
1.6% cashback on all local spend, including payment for your electricity bills
1.5% rebate
1.5% is the flat rate if you spend below $2,000 a month, but up to 2.5% rebate for all spending, with minimum spend of above $2,000
Exclusive: Most Popular Credit Cards in Singapore
MoneySmart has helped over 3 million users find the best credit cards in the market. Curious to know what people searched for? Find out in this members-only report and get insights on which card you can apply for next! Plus, try out our personality quiz to find which card matches your taste!
Frequently Asked Questions
Which credit card is best for electricity bill payment?
- This question really depends on your lifestyle. The UOB One is an all-rounded card that gives you up to 4.33% on SP bills, but only on the condition that you spend up to $2,000 a month consistently for the quarter. On the other hand, POSB Everyday card and OCBC 365 card offer 3% cashback with a lower minimum spend. If you don't want to contend with minimum spend at all, Maybank FC Barcelona Visa may be a better option for you.
Who are the electricity retailers in Singapore?
- There are quite a number of electricity retailers in Singapore now, and they include Best Electricity, Diamond Electric, Geneco, iSwitch, Keppel Electric, Ohm Energy, PacificLight Energy, Sembcorp Power, Senoko Energy, Sunseap Energy, Tuas Power Supply, Union Power.
