More and more people are opting for insurance to protect their finances and their families in the event of property damage, health issues, or loss of life. The average insurance policy can cost up to tens of millions of VND each year. However, by using a credit card with a cashback program for insurance payments, customers can save a significant amount.

Let’s assume a customer has a life insurance policy with an annual premium of 30 million VND, to be paid over 10 years. If they use a credit card that offers 5% cashback on these payments, they’ll earn 1.5 million VND back each year, resulting in total savings of 15 million VND over the 10-year period.

Additionally, using a credit card for large transactions, such as insurance payments, can help customers easily meet the minimum spending requirements set by banks, thereby qualifying them for annual fee waivers and other service fee exemptions.

So, which credit cards offer the best cashback rates for insurance payments in the current market? Here are some cards with high cashback percentages for insurance transactions:

OCB Mastercard World, OCB Mastercard Platinum, and most other credit cards from this bank offer 1% cashback on insurance payments, up to a maximum of 500,000 VND per customer per statement month.

OCB MASTERCARD WORLD 2IN1 Card

Cake Freedom offers 20% cashback on transactions in five spending categories (including insurance) with a maximum refund of 200,000 VND per category per statement period. Individuals aged 18 to 60 can apply for this card using their CCCD without the need for a payslip.

Cake Freedom Card

VPBank Lady Mastercard offers 15% cashback, up to a maximum of 300,000 VND per statement period, on online insurance transactions for customers with a total transaction value of 15 million VND or more per statement period. For customers with transaction values below 15 million VND, the cashback rate is 7.5%, with a maximum refund of 150,000 VND per statement period. This card is available to individuals aged 18 and above with a monthly income of 7 million VND or more.

VPBank Lady Mastercard

TPBank EVO Visa offers 10% cashback on all online transactions (including insurance payments) if the customer’s total spending reaches 30 million VND per card per statement period, 5% cashback if the total spending is between 10 and 30 million VND, and 1% cashback if the total spending is less than 10 million VND. The maximum cashback amount is 500,000 VND per primary cardholder per statement period for Gold cards and 300,000 VND for Silver cards.

TPBank EVO Visa Card

MSB Visa Signature offers 10% cashback on insurance transactions, up to a maximum of 300,000 VND per statement period. This card is available to individuals aged 18 to 65 with a monthly salary of at least 15 million VND.

MSB Visa Card

Eximbank Visa Platinum Cashback offers 3% cashback, up to a maximum of 650,000 VND per month, on life and non-life insurance payments. The minimum cashback amount is 50,000 VND per month. To be eligible for this card, applicants must have a minimum income of 10 million VND per month or have a savings account/term deposit with Eximbank.

Eximbank Visa Platinum Cashback Card

HSBC Visa Platinum Cashback offers 1% cashback on insurance payments with no cap on the amount of cashback that can be earned. This card is available to individuals aged 18 and above with a minimum monthly income of 8 million VND.

HSBC Visa Platinum Cashback Card

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