Best Credit Cards For Hospital & Medical Bills (2024)

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.

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Which Credit Cards are Best for Hospital & Medical Bills?

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Unlimited Cashback
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Unlimited Cashback

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

[MoneySmart Exclusive Offer | 1 to 23 July 2024]
Get S$130 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.
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Stand a chance to win a 3 Day 2 Night stay at Capella Ubud, Bali (worth up to USD4,000) or a Samsonite Choca Spinner 68/25 Luggage (worth S$700) when you meet the requirements in the MoneySmart x American Express Lucky Draw!  T&Cs apply.

Valid until 23 Jul 2024
The Amex True Cashback Card is one of several similar credit cards in Singapore that offer a straight-up cash rebate on any eligible spending, without requiring you to jump through hoops. More importantly, it has no cashback cap, which makes it excellent for paying large medical bills with.

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.
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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

Stand a chance to win a Cartier Santos-Dumont Watch - Large Model, Blue (worth S$6,000) or an Apple 11-inch iPad Air WiFi, 128GB (worth S$899) or a Sony PlayStation 5 SLIM Digital Edition (worth S$669) when you apply and spend a min. of S$1,000 in Eligible Transactions each month for the first two consecutive months from the card approval date. T&Cs apply.
PLUS get S$350 Cash Credit from UOB when you are the first 200 new-to-UOB credit card customers in July 2024 who successfully apply for an eligible UOB Credit Card and spend a min. of S$1,000 per month for 2 consecutive months from their card approval date. T&Cs apply.

Valid until 11 Aug 2024
If you have recurring medical bills of modest size, such as if you are in the follow-up or post-hospitalisation stage of illness, you may wish to charge your medical expenses to the UOB ONE credit card for greater savings.

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.
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HSBC Advance Credit Card

Base Cashback
Cashback when you spend more than S$2,000
Cashback Cap per month
New Cardholders can get a Samsonite ZELTUS 69cm Spinner Luggage (worth S$680) or S$200 Cashback from HSBC, while Existing Cardholders can get S$50 Cashback when you spend a min. of S$500 in Qualifying Transactions from Card Account Opening Date to the end of the following month AND provide marketing consent in the application form! T&Cs apply.

PLUS live your adventure with HSBC Credit Cards! From 25 June to 23 September 2024, apply, activate and spend with HSBC credit cards and stand to win an all-electric Mercedes-Benz EQB and round-trip air tickets to Paris! T&Cs apply.
Valid until 30 Sep 2024
Like some of the credit cards on this list, the HSBC Advance Credit Card is a relatively straightforward cashback card, offering 2.5% cashback if you spend at least S$2,000 that month. However, cashback is capped at S$70 a month.

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.
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Standard Chartered Simply Cash Credit Card

Cash Back on Eligible spend
Up to 1.5%
Min. Spend per month
Cash Back Cap per month

Get UPSIZED REWARDS of up to S$450* or earn 5,040 SmartPoints + S$80 Coupon when you apply and spend a min. of S$500 in eligible transactions within 30 days from card approval date! T&Cs apply.
Use 5,040 SmartPoints to fully redeem a product from our Rewards Store. If the product costs more, redeem with your points and top up the rest by purchasing additional SmartPoints e.g. get an Apple 10.9-inch iPad Wi‑Fi 64GB (10th Generation) at only S$110 on top of your earned SmartPoints.

Valid until 31 Jul 2024

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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.