In emails sent to their users, CardUp and ipaymy have announced
increases to their service fees happening from mid-June 2026 onwards. This impacts those who use these payment services to earn cashback or miles for their bill payments, so read on for details.
Summary of Changes
|
CardUp |
ipaymy |
| Change in Rates |
One-time Payments
2.60% → 2.90%
Recurring Payments
1.85%* → TBC |
One-time Payments
2.40% → 2.95%
Recurring Payments
1.85%* → 2.6% |
| Card Types |
All card types |
Only affects Visa |
| Effective Date |
13th June 2026 |
11th June 2026 |
*promotional rates for Visa payments
CardUp increasing standard fee to 2.9%, promotional rates to be confirmed
From 13th June 2026, CardUp will
increase its standard service fee for Singapore-issued credit cards to 2.9%, up from the current 2.6%. The company states that
promotional rates will also go up, but will only share details closer to the effective date.
Recurring payments will also be affected by the rate hike from the effective date onwards, though CardUp has yet to announce the new rate.
ipaymy increasing fee on Visa payments...
