facebookWorking for a year and opened 360 for salary credit. Should I apply for a credit card or change saving account? Currently, $200 monthly spending. I seldom online shopping. It's difficult to reach the min spending for CC to earn cashback. Any advise? - Seedly

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Working for a year and opened 360 for salary credit. Should I apply for a credit card or change saving account? Currently, $200 monthly spending. I seldom online shopping. It's difficult to reach the min spending for CC to earn cashback. Any advise?

Discussion (5)

What are your thoughts?

Steph Yeo

Steph Yeo

22 Aug 2018

Level 8·Auntie Uncle Whisperer at Agency for Integrated Care

I'm guessing a DBS multiplier acct with a DBS/POSB card would work better for you. Compare using the interest calculator and see?

But it might be helpful to still retain some cash in an OCBC account, simply because its ATM queues are usually shorter.

Consider DBS Multiplier! I disliked to be forced to commit to minimal spending. So I switched from OCBC to DBS Multiplier. As long you can credit salary and use your credit card at least once in a month, you can earn higher interest already.

Details on the interest tier is here https://www.dbs.com.sg/personal/landing/dbs-mul...

Agree with CK Chai, DBS Multiplier might be a better bet to ensure consistent interest rates with ju...

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