Advertisement
Anonymous
Which cashback card is recommended for big ticket purchases (e.g. wedding)?
Will be paying for wedding banquet soon, may I know which credit card do you all advise for this expenditure? Total payment should be about $20k. Alternatively, would you all recommend clocking miles under current circumstances?
1
Discussion (1)
Related Articles
Related Posts
Related Products
Standard Chartered Simply Cash Credit Card
4.2
171 Reviews
Standard Chartered Simply Cash Credit Card
Up to 1.5% on eligible spend
CASHBACK
Unlimited
CASHBACK CAP
$30,000
MINIMUM ANNUAL INCOME
UOB One Card
4.1
163 Reviews
DBS Altitude Visa Signature Card
4.3
98 Reviews
Related Posts
Advertisement
The cashback or miles from paying for wedding itself is usually not great.
One strategy would be to combine it with sign-on bonuses. For e.g.
Sign-up Card A (spend $4k within first 3 months to get $200 sign-up bonus plus x% cashback for the $4k) and swipe $4k on Card A
Sign-up Card B (spend $10k within first 2 months to get $150 sign-up bonus plus y% cashback for the $10k) and swipe $10k on Card B
SIgn up Card C...blablabla
Replace the "cashback" above with "miles" if you are more inclined to miles. Check out singsaver or moneysmart for a list of good credit card sign-on bonuses.
Under normal circumstance (pre-Covid19), I would suggest going for miles. Combining all sign-on bonuses (miles) and miles from swiping your $20k, you can probably get a pair of business class tickets (one-way only) to Europe.
If you are planning a honeymoon and is confident travel will open up soon, perhaps Miles?