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.
3 Benefits of Using Credit Card to Pay Electricity & Utility Bills
This allows us to better monitor spending, stay organised, and better leverage credit card benefits where applicable.
Best Cashback & Miles Credit Cards For Electricity Bills
How to Pay Your Electricity Bill With Credit Cards?
In general, electricity providers provide flexible payment options through GIRO, AXS, and even GrabPay. The main caveat however, is that credit cards are typically not accepted through these methods—preventing you from earning credit card rewards like cashback, miles, or points on your utility bills.
So how exactly do we go about using credit cards to pay for electricity then?
SP Group
If you’re still using SP Group as your electricity provider, you can make payment anytime anywhere in three easy steps via the SP app.
- Select “Bills” tab > “Pay Now” to pay bill
- Add and save debit or credit card details (Visa/Mastercard/AMEX)
- Select premise and bills to pay > Complete payment
Through CardUp
CardUp is a platform that facilitates bank transactions by charging your credit card the designated amount, along with a small 2.6% administrative fee. This enables you to charge your electricity bills (no pun intended) to your desired credit card to earn cashback, miles, or points—even if your provider does not accept credit card payments directly.
Keep in mind that CardUp transactions are still subject to credit card merchant exclusions. CardUp payments are usually classified as a bill payment service under MCC 7399 (Business Services Not Elsewhere Classified). If your credit card excludes this MCC from earning rewards, you won’t qualify for rebates like cashback, miles, or points.
Note: CardUp does not currently support SP Group payments. UOB One and HSBC cards also no longer include CardUp as an eligible merchant.
Best Credit Cards for Paying Electricity Bills in Singapore (2025)
Citi Rewards Card
- on Online & Shopping Purchases
- S$1= 10X Points
- on all other purchases
- S$1= 1X Point
- Rewards Conversion
- 10X Points = 4 Miles
Enjoy an UPSIZED 6,140 SmartPoints or S$370 Cash in as fast as 5 weeks when you spend S$500 within 30 days. Get an EXTRA S$50 Cash or 700 SmartPoints when you spend any amount with a participating merchant with recurring expenses for 3 consecutive calendar months from card approval date! T&Cs apply.
Enrol in Rollin’ Rewards today for FREE and stand a chance to be one of five lucky winners in our biggest points giveaway yet—93,800 SmartPoints! Each winner receives 18,760 SmartPoints, enough to redeem an Apple iPhone 16 Pro Max (worth S$1,899) from our Rewards Store.
These are all incredible rewards are right at your fingertips, just waiting to be unlocked!
UOB One Card
[FASTER FULFILMENT | UPSIZED REWARDS!]
MoneySmart Exclusive: Get UPSIZED S$150 Grab Ride Vouchers or S$50 Cash IN AS FAST AS 1-2 MONTHS for new-to-card applicants when you apply! No min. spend is required! T&Cs apply.
Join Rollin’ Rewards for FREE and win up to 18,760 SmartPoints—enough for an iPhone 16 Pro Max (S$1,899)!
UOB Online Promotion: Get S$350 cash credit when you’re among the first 200 new-to-UOB Credit Cardmembers who successfully apply and spend S$1,000/month for 2 consecutive months from card approval date. T&Cs apply.
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
Get 1,960 SmartPoints or S$150 Cash for new OCBC Cardmembers only when you apply and charge at least 1 qualifying transaction within 30 days from card application approval. T&Cs apply.
Enrol in Rollin’ Rewards today for FREE and stand a chance to be one of five lucky winners in our biggest points giveaway yet—93,800 SmartPoints! Each winner receives 18,760 SmartPoints, enough to redeem an Apple iPhone 16 Pro Max (worth S$1,899) from our Rewards Store.
POSB Everyday Card
.jpeg)
DCS CASHBACK Card
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.
- when Man. United win a Premier League match
- Earn 5X TREATS Points
- when Man. United win a Premier League match
- Up to 3% Cashback
- on All Spends
- 1% Unlimited Cashback
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!
| Credit Card | Recurring Utility Bill Payments | Min. spend per month |
|---|---|---|
| OCBC 365 Card | 3% cashback on (telco and) electricity bills | $800 |
| POSB Everyday Card | 3% cash rebates | $800 |
| DCS CASHBACK Card | 5% cash rebates | $400 |
| UOB One Card | Up to 4.33% cashback on SP Group | $500 / $1,000 / $2,000 |
| Maybank Manchester United Card | 2 mpd + 3% cashback (days when Man Utd wins a Premier League match, capped at $20) Otherwise, 0.4 mpd + 1% unlimited cashback | None |
Who are the Open Market Electricity Providers in Singapore?
At some point in our lives, we’ve all been on the receiving end of our parents’ incessant nagging to turn off switches when not in use—all for the sake of saving electricity and cutting costs. And who could blame them? Currently, as of January to March 2025, the electricity tariff stands at 30.65 cents/kWh (with GST).
While the cost of electricity is certainly not the highest worldwide, we sit squarely at the median rate when compared to other similar cities.
Source: The Lantau Group (electricity prices in 2023)
While SP Group is Singapore’s default electricity provider operating the national power grid, it comes as no surprise that many households have been switching to private electricity providers in the Open Electricity Market (OEM). After all, such retailers typically offer better and more competitive rates. In total, there are 10 OEM retailers in Singapore:
From what we observe, the cheapest OEM retailers at the moment are as follows:
| Best for | OEM provider | Fixed price (per kWh, incl. GST) |
|---|---|---|
| No contract | PacificLight | Easy Peasy plan: 28.06 cents/kWh + 55 cents daily charge |
| 6 months | Geneco | Give Us A Try plan: 29.87 cents/kWh Est. monthly bill: $105.51/month |
| 12 months | Geneco | Get It Fixed 12 plan: 28.87 cents/kWh Est. monthly bill: $105.51 |
| 12 months | Senoko Energy Supply | LifePower 12m plan: 28.87 cents/kWh Est. monthly bill: $105.51/month |
Want an Electrifyingly Good Rate?
Weigh your options and discover the best electricity prices for your household through our guide!
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.
Are there any DBS credit cards that earn rewards on electricity bills?
- Yes, the POSB Everyday Card lets you earn up to 3% cash rebate (with no minimum spend) on select utility retailers: SP Group, Union Power, Tuas Power, Geneco, Sembcorp Power, Keppel Electric, and Senoko Energy.
Besides that, you can also earn DBS Rewards Points through consolidating all your bill payments on your DBS credit card through the DBS Recurring Bill Payment service. Unfortunately, this only applies to participating billing organisations like MSIG, National Kidney Foundation, and select town councils and not any electricity providers. What is the average electricity bill in Singapore?
- It differs by household type. According to a survey conducted by GetSolar, bungalows and semi-detached houses incur the highest monthly electricity cost between $441 to $475.
Meanwhile, HDB flats, mansionettes, condos, and terrace houses incur electricity costs between $80 to $211. How to check electricity bills online?
- If you’re still on SP Group’s power grid, you can conveniently view, track, and pay your SP utility bills with the SP app.
However, if you’re buying electricity from another OEM retailer, registering for an e-Services account will allow you to view and download your electricity usage and bill. Is there an online electricity bill calculator?
- Yes, there are several free online electricity bill calculators available on Google. OEM retailers like Keppel Electric even provide their own native calculator to help you determine the best electricity plan prices.
How to pay your electricity bill in Singapore?
- If you’re under SP Group’s power grid, you can access your electricity bill through SP Group’s online portal or their SP app. Otherwise for other retailers, register for an e-Services account to check and pay your electricity bills.
🌱 Go Green on Electricity! ⚡
Check out these eco-friendly electricity retailers to start maximising your savings (and save the environment) while you’re at it!
