Best Credit Cards For Hospital & Medical Bills (2023)
Despite plenty of government subsidies, healthcare costs in Singapore can quickly add up - all the more so if you or your loved ones are hospitalised. While huge hospital bills are definitely painful, you can nonetheless save a little bit on your medical expenses with the right credit card. We will also show you some credit cards with 0% instalment payment plans so you can pay off your bills in smaller amounts.
Which Credit Cards are Best for Hospital & Medical Bills?
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American Express True Cashback Card
- on up to $5,000 spend in the first 6 months for new Card Members.
- 3.0% Cashback
- all subsequent eligible purchases
- 1.5% Cashback
- Cash Back Cap
- Unlimited
Get S$150 Cash via PayNow when you apply for an American Express True Cashback Card and spend a min. of S$500 in Qualifying Spends within the first month of card approval! T&Cs apply.
This particular credit card has a slight edge over the rest, as the standard cashback rate (usually a modest 1.5%) is bumped up to a generous 3% on the first S$5,000 of spending within the first 6 months. So if your hospital bill is S$8,000, for example, you get S$150 (3% of the first S$5,000) + S$45 (1.5% on the next S$3,000) = S$195 cashback.
The one drawback is that, being an American Express credit card, this may not be as widely accepted as Visa or Mastercard.
UOB One Card
- Cashback on McDonald's, DFI Retail Group, Grab, Shopee, SP and more
- Up to 10%
- Cashback Cap per quarter
- Up to S$500
- Min. Spend per month
- S$500
[Amazing April Promotion | CASH BONUS]
Stand a chance to get an Apple 14-inch MacBook Pro (M3 Chip, 2023) (worth S$2,320.25) when you apply through MoneySmart! The first 6 successful applicants who submit the claim form at 2pm or 9pm can also receive a S$88 Cash Bonus via PayNow (valid till 23rd April 2024). T&Cs apply.
PLUS get S$350 Cash Credit from UOB when you are the first 200 new-to-UOB customers who successfully apply for an eligible UOB Credit Card and spend a min. of S$1,000 per month, for 2 consecutive months from the card approval date. T&Cs apply.
Unlike other credit cards which give you cashback monthly, the UOB ONE Card gives you a flat S$300 rebate once a quarter if you spend at least S$2,000 on it consistently every quarter, with a minimum of 5 transactions per month. That works out to a maximum of 5% in savings.
If you do not spend S$2,000 every month without fail, there are also lower cashback categories for spending S$1,000 or S$500 every month, but these work out to only 3.33% cashback.
Citi PremierMiles Card
- Local Spend
- S$1 = 1.2 Miles
- All Foreign Currency Spend including Retail and Online
- S$1 = Up to 2 Miles
- Selected Online Hotel Bookings
- S$1 = Up to 10 Miles
[FASTER GIFT REDEMPTION | GIVEAWAY]
Get a Sony HT-AX7 Portable Theatre System (worth S$769) or an Apple iPad (9th Gen), 64GB (worth S$508.30) or S$450 Lendlease E-Vouchers (can be used at 313@somerset, Jem, Parkway Parade, PLQ) or S$300 Cash via PayNow, in as fast as 6 weeks from meeting the S$500 spend criteria!
PLUS stand a chance to get a Rolex Submariner 124060 (worth S$15,521) or an Apple iPhone 15 Pro, 128GB (worth S$1,664.25) or a Sony PlayStation®5 (SLIM) Digital Edition (worth S$669) when you apply through MoneySmart! T&Cs apply.
The benefit of this credit card is that there is no minimum spend and no cap, which is a boon for unpredictable medical bills. For local expenses, you earn 1.2 miles per S$1 spent, while for overseas medical charges, it's 2 miles per S$1 spent.
Note that government transactions are excluded from the Citi PremierMiles rewards programme, so government hospital bills are likely exclusions.
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HSBC Advance Credit Card
- Base Cashback
- 1.5%
- Cashback when you spend more than S$2,000
- 2.5%
- Bonus Cashback with HSBC Everyday+
- 1%
Get a Hinomi Q1 Ergonomic Chair (worth S$499) or a Samsung 27-inch Smart Monitor M5 (worth S$432) or an Apple AirPods 3rd Gen + S$50 Cash (worth S$313.80) or S$150 Cash via PayNow when you apply and spend a min. of S$500 from Card Account Opening Date to the end of the following calendar month. T&Cs apply.
If you are an HSBC Advance customer, you get a boosted cashback rate of 3.5%, capped at S$125. Best of all, you get a perpetual annual fee waiver.
Standard Chartered Simply Cash Credit Card
- Cash Back on Eligible spend
- Up to 1.5%
- Min. Spend per month
- S$0
- Cash Back Cap per month
- Unlimited
Get a Nintendo Switch OLED (worth S$549) or a Hinomi Q1 Ergonomic Chair (worth S$499) or a Apple Watch SE (worth S$382.50) or a Apple AirPods Pro (worth S$365.70) or a ErgoTune Classic Ergonomic Chair (worth S$399) or a Titan V1 Foldable Bike (worth S$399) or up to S$370 Cash via PayNow* when you apply and meet the relevant spend criteria! T&Cs apply.
Frequently Asked Questions
Is it better to pay your medical bills with a credit card?
- Paying your hospital bills with a credit card may offer attractive rewards or cashback, but you should only do this if you are absolutely confident that you can repay your credit card bill in full. Otherwise, you run the risk of your credit card debt snowballing month after month.
Which credit card is best for hospital bills?
- It depends on what you are looking for and how much you expect to spend, but generally, since hospital bills are difficult to predict, it is probably best to use one of the fuss-free unlimited cashback credit cards available in Singapore. This way, you do not need to worry about hitting any minimum spend or hitting a cap.
What if you cannot afford to pay your medical bill?
- Do not charge your medical bill to a credit card and hope to delay paying it off. If you cannot afford the hospital bill, speak to the hospital or clinic's financial aid department to find out what the financing options are.
