Insurance

Best Credit Cards for Paying Insurance Premiums 2025: Best Rebate Credit Card And Which Card Won't Provide Rewards?

Author Bowtie Team

Updated on 2025-12-05

Disclaimer: This article is translated with the assistance of AI.

Paying insurance premiums with credit cards is not only convenient but also a smart way to earn miles or cashback! However, did you know that some bank cards won’t give you any rewards? The Bowtie team dives into payment methods, explaining credit card rewards for premiums and key tips, using Bowtie insurance examples to break down how rewards are calculated for you.

How to Pay Insurance Premiums with Credit Card

You can use the following 4 methods to pay insurance premiums with a credit card:

Credit Card Autopay: The insurance company deducts directly from your credit card, ideal for monthly or annual premium payments
Online Payment via Insurance Company’s Website or App: Enter your credit card details directly on the insurance platform (some companies may charge a handling fee)
Online Banking or Bank App Payment: Log in to online banking or the bank app, enter the insurance bill details, and pay with your credit card.
In-Person Payment: Visit the insurance company in person to pay premiums, usually only for non-contribution insurance (some companies may charge a handling fee)

What’s the Difference Between Contribution and Non-Contribution Insurance?

Common insurance products on the market are mainly divided into 2 categories: (1) contribution and (2) non-contribution insurance.

Contribution insurance requires policyholders to pay premiums regularly, commonly known as “contributing to insurance.” It is often found in life insurance , VHIS , cancer insurance , accident insurance , and so on.

When applying, policyholders can freely choose the premium payment frequency, such as “monthly,” “annually,” “quarterly,” etc., depending on the insurance company’s terms and conditions. If the policyholder fails to pay the premiums before the grace period ends, the policy may be terminated.

Non-contribution insurance refers to products that do not require regular premium payments, such as travel insurance, home insurance, domestic helper insurance, etc.

Policyholders only need to pay all premiums in a lump sum at the time of application, and the policy will remain in effect until it expires, without worrying about losing coverage due to missed payments.

Bowtie charges premiums on a monthly basis, so you can pay your monthly premiums via Visa, MasterCard, UnionPay, or Amex credit cards through automatic transfer.

No credit card? No problem! You can still use a debit card to pay your Bowtie premiums—as long as the cardholder’s name matches the policyholder’s and there’s enough balance in the account at deduction time.

Do Credit Cards Offer Rewards for Insurance Payments?

Whether you earn rewards for paying insurance premiums with a credit card depends on if the bank counts it as eligible spending.

In fact, banks like Mox Bank , Citibank , DBS Bank , and Standard Chartered Bank explicitly state in their terms that insurance-related transactions are ineligible spending , meaning no rewards even if you use these cards.

That said, you can still snag rewards by using credit cards from other banks. Plus, keep an eye out for those limited-time bank promotions!

Credit Card Rebates for Insurance Payments Overview

Credit Card	Rebates
AEON EarnMORE UnionPay Credit Card	2% (First HK$150,000 only)
American Express Blue Cash Credit Card	1.2%
Dah Sing ONE+ Credit Card	1%
HSBC EveryMile Credit Card	HK$12.5/mile or 0.4%
HSBC Red Credit Card	HK$25/mile or 0.4%
HSBC Visa Platinum Card / easy Credit Card	HK$25/mile or 0.4%
American Express Explorer Credit Card	HK$3/mile (First 3 months)
American Express Platinum Credit Card	HK$6/mile
American Express Platinum Card	HK$9/mile
All Bank of China Credit Cards	HK$15/mile or 0.4%

* The above information is updated as of October 30, 2025, for reference only. Banks reserve the right to change rebate terms at any time, and all details are subject to the bank’s latest information.

Earn Cashback on Bowtie Premiums with Credit Cards

For a 40-year-old non-smoking male, if he purchases Bowtie VHIS Flexi Plus , the standard premium is only HK$602/month, with an annual premium of HK$7,224.

If he uses autopay with a credit card offering 2% cashback or $6/mile rebate to pay for Bowtie VHIS premiums, the miles/cashback he can earn are:

Rebate Type	Cash Rebate	Miles Rebate
Credit Card Rebate	2%	$6/mile
Monthly Rebate	$12.04	100.3 miles
Annual Rebate	$144.48	1,204 miles

⚡Bowtie Pink Blog Promo!

Tired of sky-high private hospital bills but hesitant about purchasing VHIS? Bowtie Pink provides full coverage*, with long-term premiums are substantially lower than market rates^.

For a limited time, use the exclusive Bowtie Blog promo code【BLOGENGINSURE】to get an impressive 65% in first year’s premium and secure top-tier health protection at an unbeatable price!

^{*Full coverage shall mean no itemized benefit sub-limits, and applies to designated benefit items only. The benefit payable shall be subject to the remaining deductible (if applicable), annual benefit limit, lifetime benefit limit and other limitations such as reasonable and customary charges, a pre-existing condition, “List of Designated Hospitals in Mainland China” and receiving medical treatment in the United States. For detailed terms and conditions, product risks, and exclusions, please refer to the relevant product website and policy.}
^{^For example, with Bowtie Pink (Ward) and the deductible option HK$80,000, the monthly premium for a 30-year-old non-smoker is HK$197. The premium comparison above is based on similar medical insurance plans with the ward level (data source on 27, July 2023), HK$50,000 to HK$80,000 deductibles, for a 30-year-old non-smoker. Different medical insurance plans have different coverage and benefit limits. For details, please refer to the relevant insurance policy and its terms and conditions.}

Key Notes for Paying Premiums with Credit Cards

Definition of “Eligible Spending”: Many banks classify “insurance fees” as ineligible spending, meaning you need to carefully review the terms and conditions to avoid using a credit card that doesn’t earn cash or miles rebates on premiums.
Credit Card Limit: If your credit card limit is insufficient to cover the premium, you can first call the bank or apply online to increase the limit. You can also deposit funds into your credit card account for premium payment to ensure a smooth transaction.
Rebate Cap: Some credit cards have a cap on premium rebates; once spending reaches the cap, no further rebates are earned.
Payment Limit: Credit cards generally have a daily payment limit; some banks set it at $500,000 or the cardholder’s available credit limit, whichever is lower.
Handling Fee: Credit card companies may charge the insurance company a handling fee, so paying renewal premiums with a credit card might incur an additional fee.

It’s worth noting that Bowtie will only charge the final premium displayed after underwriting. Even for purchasing or surrendering the policy, Bowtie won’t charge any extra transaction fees!

Author

Bowtie Team

The Bowtie Life Insurance Company Limited is an authorized life insurance company and Hong Kong’s very first virtual insurer approved. Through the use of modern technology and medical expertise, Bowtie offers an agent-free, commission-free and more convenient online platform for customers to quote, apply and claim for Voluntary Health Insurance Scheme (VHIS) anytime anywhere. Bowtie is ranked first in the direct channel sales throughout 2021. Stay up to date at www.bowtie.com.hk