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Anonymous
They mention that their exclusion includes Installment Payment Plans. If I charge the card $1200 to be paid for 1 year every month, do I get cashback for $100 paid every month or I do not get any cashback at all?
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Best to check with the bank.
They cam advise you better.
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I just applied for the card and am waiting to receive it this week 😃
From my understanding there’s a difference between recurring payments like school fees or insurance premiums vs installments of a product/service.
But from what I read it seems to be not allowing any installments >< meaning you have to pay in full. But that doesn’t include school fees and insurance premiums which you will get your cashback!
But do check with them with the particular item you are planning to do installment for to get a clearer picture!
Also this card will require retailers to support AMEX for use. If you want to use a MasterCard then use Grabpay card and top up with the absolute card which gives cashback for ewallet topups 👍🏼
If you aren’t able to meet the monthly minimum sum which other credit cards require, considering all the exclusions they have, then this is a great alternative to get with minimal exclusions and no minimum spend👍🏼