The best payment mode for cab that 笨mummy discovered so far is the Nets Flashpay function of the OCBC Frank credit card.
Firstly, Nets Flashpay auto top up (ATU) on OCBC Frank Credit Card can enjoy of 6% rebate if you can hit the minimum spending of $500.
The use of Nets Flashpay allow one to enjoy a further 5% rebate on taxi fare if one spent more than $30 per month on cab. (See Nets Flashpay promotion: http://www.nets.com.sg/offers-a-promotions/nets-flashpay/taxi-rebate-flashpaycard)
See computation below:
Assuming a monthly cab fare of $30, consisting of an average cab fare of $10 per trip.
cost:
Admin fee from using Nets Flashpay - $0.30 x 3 = $0.90
Gain:
6% rebate from Frank Credit card - S$1.80 [i.e. 6% x S$30]
5% rebate from Nets Flashpay - S$1.50 [i.e. 5% x S$30]
Net gain: S$2.40 (a 8% gain from S$30 spending)
Showing posts with label credit card. Show all posts
Showing posts with label credit card. Show all posts
Monday, May 19, 2014
Tuesday, April 2, 2013
Standard chartered 360° Rewards Program
笨mummy cannot deny the fact that she loves her Standard Chartered Bank credit card program and this is not without good reason. It is one of the banks that give reward points to credit card holder for merely having a "relationship" with the bank and no spending is involved.
Every month 笨mummy would be getting 750 points from SCB and in a year that is 9,000 points. Based on the new updated reward redemption catalogue, this is what items that can be redeem within the 9,000 points:
Which bank rewards customer with a potential free Japanese meal for just having "relationship" with them? Now you know the answer. :)
Yes, 笨mummy is talking about the 360° Rewards Program. For those interested, you can find the details on Standard Chartered Bank website - http://www.standardchartered.com.sg/personal-banking/cards/rewards/360-rewards/en/.
This is how it works for 笨mummy who is under the preferred banking with the bank:
Every month 笨mummy would be getting 750 points from SCB and in a year that is 9,000 points. Based on the new updated reward redemption catalogue, this is what items that can be redeem within the 9,000 points:
- 7,200 points can get a S$30 sakae sushi voucher,
- 5,500 points can get S$30 GNC voucher
- 5,200 points can get S$20 Paradise Group voucher
Which bank rewards customer with a potential free Japanese meal for just having "relationship" with them? Now you know the answer. :)
Monday, February 20, 2012
Beauty of Standard Chartered Xtrasaver account
笨mummy has been late in discovering the beauty of the Standard Chartered Xtrasaver account. But it is still better late than never.
So what is so great about this account? It allows one to get cashback from Mastercard spending (extra for petrol) depending on how much you have in the checking account:
In addition, there is also 0.5% cashback from Nets transaction. This is what that makes 笨mummy excited over the Xtrasaver account.
Every Jul, 笨mummy needs to pay her annual insurance premium of $3.5K to Prudential and the best credit card to use is , of course, the Standard Chartered Manhattan Credit Card that offers a 5% rebate on any spending of $3K in the month (capped at $200 cash rebate per quarter).
Now with the Xtrasaver debit card, 笨mummy can now pay the bill to her Manhattan Credit Card using the Net function of Xtrasaver debit card at the AXS machine and this would give her an additional $17.5.
To let more about Xtrasaver account, please refer to http://www.standardchartered.com.sg/personal-banking/deposits/xtrasaver/en/
So what is so great about this account? It allows one to get cashback from Mastercard spending (extra for petrol) depending on how much you have in the checking account:
| Checking account deposit balance | CashBack on petrol with MasterCard | CashBack on local and overseas MasterCard transactions | |
| If you spend on petrol | Do not spend on petrol | ||
| $6,000 and above | 7% | 1% | 2% |
| $20,000 and above | 10% | 1% | 2% |
| $50,000 and above | 12% | 1.5% | 3% |
| $200,000 and above | 15% | 1.5% | 5% |
In addition, there is also 0.5% cashback from Nets transaction. This is what that makes 笨mummy excited over the Xtrasaver account.
Every Jul, 笨mummy needs to pay her annual insurance premium of $3.5K to Prudential and the best credit card to use is , of course, the Standard Chartered Manhattan Credit Card that offers a 5% rebate on any spending of $3K in the month (capped at $200 cash rebate per quarter).
Now with the Xtrasaver debit card, 笨mummy can now pay the bill to her Manhattan Credit Card using the Net function of Xtrasaver debit card at the AXS machine and this would give her an additional $17.5.
To let more about Xtrasaver account, please refer to http://www.standardchartered.com.sg/personal-banking/deposits/xtrasaver/en/
Thursday, March 3, 2011
Standard chartered 15% cashback on dining is back
Standard chartered 15% cashback on dining is back again from 1 Mar to End April 2011. Standard Chartered Cardholders who like to enjoy this cashback need to register first with them and according to the website, it is restricted to the first 50,000 who registered. For more information, check out their website - http://www.standardchartered.com.sg/promotion/15_dining_promo/index.html?camp_id=subpage_15_dining_promo_promo_latestpromo
Some of my friends commented that it is hard to hit the S$500 usage as they do not spend much on their credit cards and there are certain restriction to what qualify to be included in the S$500 spending limit and it is not possible for them to qualify to get the 15% cashback.
Here is a little trick that 笨mummy used to ensure that she can hit the spending limit which is to pre-paid her monthly expenses. There are certain bills that are needed to be pay every month - Phone bill, internet subscription, utilities bills, etc and there is no harm from paying them way in advance, anyway the bank interests that you lost due to the amount used for advance payment is also very little as compare to the 15% cashback on your dining assuming you eat out at the fancy restaurants once a week.
Discounted card pricing for online booking of tickets at GV
It is very common for banks to have credit card promotions that allows the cardholder to enjoy discounted movie tickets. For example, OCBC credit cards and GV - S$7 for Mon to Thurs and S$8.50 for Fri, weekend and PH. You can access to the list of credit card with GV movie ticket promotion on GV site - http://www.gv.com.sg/promotions.jsp
However such promotions are not extended to online booking. As cardholders, we need to queue for the tickets in order to enjoy a discounted movie tickets and for those newly released movies, we may not even get a good choice of seats when we try to purchase at the ticketing counters.
Now ANZ is having similar credit card promotion for discounted movies tickets with GV, and it is extended online booking as well -
One thing to point for online booking, the ticket fee and booking would be charge in FULL to your credit card and ANZ would "refund" the excess paid to your credit card.
It is definitely a good new for movies lovers like me, no need for queuing, can purchase tickets in advance. and a chance to choose a good seat.
But happiness is short, as this promotion is only valid from 1 Mar to 30 Jun 2011. Enjoy it before it ends.
Thursday, September 30, 2010
ANZ promotion: S$10 Watson Voucher for every S$50 spent
ANZ credit card is having a card offer for purchases at 20 selected Watson outlets. You can get a S$10 Watson Voucher for every S$50 spent. That is like a 20% rebate. The promotion period is from 23 Sep to 15 Nov 2010 at selected Watson outlets.
There is a cap of maximum 3 vouchers allowed for redemption per transaction. Guess one can go around this by spilting the purchases.
笨mummy is going to stock up health supplements for herself and her mother. =D
Friday, September 24, 2010
Why pay by credit card?
笨mummy has a habit of paying every single purchase by credit card as long as the store allows her to pay by credit card. She had once use credit card to pay for a S$2 purchase in Cold Storage. This is how extensively she been using her credit card as payment mode.
笨mummy, of course, has her own reasons for doing so:
1) Paying less for the same things for using credit card
There are a lot of dinning privileges associated with credit cards. And one may end up paying less for a meal using credit card instead a NET or cash when paying. 笨mummy always make it a point to throw this question when paying at the cashier: “Any card with discount?”
2) Earning points or rebates
Even without discount on purchases, there are still points and rebates to get when paying by credit cards. The amount may not be a lot, but笨mummy believes that she could at least 集少成多 and in the end, she can at least exchange voucher or item using her points or rebates.
3) Convenient way to track spending
笨mummy does not have the habit of tracking her spending. Hence to her, credit card statement is a good way to track spending for the month. By looking at her statement, she knows what she been spending the previous month and whether she is overspending on food, clothing or entertainment. Of course, the information would help笨mummy to plan for next month. If spend too much this month, she will cut back on spending next month.
BUT… 笨mummy does not recommend for people without self-control in their financial as, very often, this group of people run in trouble with overspending and not being able to pay their credit card bills.
笨mummy, of course, has her own reasons for doing so:
1) Paying less for the same things for using credit card
There are a lot of dinning privileges associated with credit cards. And one may end up paying less for a meal using credit card instead a NET or cash when paying. 笨mummy always make it a point to throw this question when paying at the cashier: “Any card with discount?”
2) Earning points or rebates
Even without discount on purchases, there are still points and rebates to get when paying by credit cards. The amount may not be a lot, but笨mummy believes that she could at least 集少成多 and in the end, she can at least exchange voucher or item using her points or rebates.
3) Convenient way to track spending
笨mummy does not have the habit of tracking her spending. Hence to her, credit card statement is a good way to track spending for the month. By looking at her statement, she knows what she been spending the previous month and whether she is overspending on food, clothing or entertainment. Of course, the information would help笨mummy to plan for next month. If spend too much this month, she will cut back on spending next month.
BUT… 笨mummy does not recommend for people without self-control in their financial as, very often, this group of people run in trouble with overspending and not being able to pay their credit card bills.
Subscribe to:
Posts (Atom)