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Glenn Toh

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Glenn Toh

Founder at Whatcard.sg

20Upvotes

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Founder at Whatcard.sg

Glenn Toh

Founder at Whatcard.sg

20Upvotes
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Credit Card

Glenn Toh
Glenn Toh, Founder at Whatcard.sg
Level 4. Prodigy
Updated 2w ago
Currently the best credit card reward we know of for Grabpay topups is through the UOB One card, mainly because of the extra 5% cashback of ALL Grab transactions (including topup, Grab Food, Grab rides) that is given above and beyond the standard cashback tiers for UOB One card (up to 5%) We also wrote an article detailing how to maximise cashback on UOB One card through Grabpay topups that you may be interested to check out to learn how to get the maximum rewards on Grab

Credit Card

Glenn Toh
Glenn Toh, Founder at Whatcard.sg
Level 4. Prodigy
Updated 2w ago
Hi there, currently the best credit card reward we know of for Grabpay topups is through the UOB One card, mainly because of the very generous extra 5% cashback on ALL Grab transactions (including topup, Grab Food, Grab rides) that is given above and beyond the standard cashback tiers for UOB One card (up to 5%). At a maximum cashback rate of 8-10%, this will give a higher value than any miles cards we know of (that give at most 4 miles/dollar on Grab) We also wrote a longer article detailing how to maximise cashback on UOB One card through Grabpay topups that you may be interested to check out to learn how to get the maximum rewards on Grab

Credit Card

General

Glenn Toh
Glenn Toh, Founder at Whatcard.sg
Level 4. Prodigy
Answered 2w ago
Hi there, if your spending is primarily on GrabPay, currently the best credit card reward we know of for Grabpay topups is the UOB One card, mainly because of the very generous extra 5% cashback on ALL Grab transactions (including topup, Grab Food, Grab rides) that is given above and beyond the standard cashback tiers for UOB One card (up to 5%). We also wrote a longer article detailing how to maximise cashback on UOB One card through Grabpay topups that you may be interested to check out to learn how to get the maximum rewards on Grab.

Credit Card

Glenn Toh
Glenn Toh, Founder at Whatcard.sg
Level 4. Prodigy
Answered 2w ago
Hi there, currently the best credit card reward we know of for Grabpay topups is through the UOB One card, mainly because of the very generous extra 5% cashback on ALL Grab transactions (including topup, Grab Food, Grab rides) that is given above and beyond the standard cashback tiers for UOB One card (up to 5%). At a maximum cashback rate of 8-10%, this will give a higher value than any miles cards we know of (that give at most 4 miles/dollar on Grab) We also wrote a longer article detailing how to maximise cashback on UOB One card through Grabpay topups that you may be interested to check out to learn how to get the maximum rewards on Grab

Credit Card

Miles

Glenn Toh
Glenn Toh, Founder at Whatcard.sg
Level 4. Prodigy
Updated 3w ago
Which is more suitable or worth for you really depends on 1) what kind of rewards you prefer as well as 2) your valuation of an airline mile. 1. What rewards you prefer is very much a matter of personal preference. Many people I know prefer cashback cards because it is more straightforward to deal with - you spend your money as per normal and you simply get a small cashback every month. But myself personally (as well as many others) prefer airline miles cards because it allows you to redeem travel experiences you wouldnt normally pay for (e.g. claiming a first/business class flight). 2. In Singapore, an airline mile is typically valued at ~1.5-2 cents per mile, and varies based on the specific flight and cabin class that you redeem the miles for. In general, the valuation of miles vs cashback really only makes sense if you use it to redeem premium category seats (rather than economy) because the cost of these are so high if you had to pay for it with cash. If you only redeem economy flights you may be better off using cashback cards instead. Another reason I prefer miles cards is that they typically do not have minimum spending requirements (unlike many of the better cashback cards), which for me is a great benefit because I sometimes struggled to hit the minimum monthly spending when I used cashback cards in the past.

Bank Account

Lifestyle

General

Glenn Toh
Glenn Toh, Founder at Whatcard.sg
Level 4. Prodigy
Answered 4w ago
All the negative stuff aside, your situation sounds like an amazing opportunity to get a lot of credit card rewards from all the spending you are doing on behalf! I hope you are at least maximising the rewards to 'compensate' yourself for doing the hard work of tracking group spending :) To address your issues, you could try using Splitwise (http://www.splitwise.com/), have used it with my friends whenever it is necessary to split spending (e.g. group dining, holidays) and it works pretty well!

Credit Card

Glenn Toh
Glenn Toh, Founder at Whatcard.sg
Level 4. Prodigy
Updated 4w ago
The best card to use will vary depending on where you are buying from since the rewards differ somewhat by merchant. Will answer this from what I have consolidated at www.whatcard.sg For Best Denki , the best card would be the BOC Family Card since Best Denki is recognised as one of the Selected Merchants by BOC that give 5% cashback (I am excluding the CIMB cards bcos even though the % is high the cap of $20 cashback wouldnt make sense for your large spend). For Harvey Norman , the HSBC Advance with 2.5% cashback may be your best option. You can directly check out www.whatcard.sg to search for other merchants you may be considering! (including online stores such as hachi.tech/Parisilk) ! !
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Savings

Credit Card

Bank Account

Glenn Toh
Glenn Toh, Founder at Whatcard.sg
Level 4. Prodigy
Updated 4w ago
As a fresh graduate from just a few years ago, will share my personal experiences. Banks Account : I started with the OCBC360 account, it works quite well as long as you pair it together with other OCBC products to maximise the bonus interest rates (e.g. using the OCBC 365 credit card). Recently I have moved over to the DBS Multiplier account because of the constant changes in the OCBC360 account interest rates and requirements (all downhill...). I find that the DBS Multiplier is much easier to work with, main condition being that you need to hit a large monthly earning+spending to achieve good interest rates. It would work increasingly well as your salary increases over time. Investing: This is a massive topic of which entire books can be written on... But my personal take is to start small and passively invest whatever part of your salary you manage to save. Together with the OCB360 account I used their Blue Chip Investment Plan (BCIP) to invest a small amount on a monthly basis. This monthly investment plan really helped me to maintain discipline in saving/investment over time and you will be surprised at how much it adds up over time! Cards: Depends on what rewards you are looking for (cashback, airline miles, reward points) and also whether you want to use credit cards from the same bank where you are crediting your salary to in order to maximise bonus interest. - OCBC: OCBC 365 (cashback), OCB Titanium Rewards (miles) - DBS: DBS Altitude (miles), DBS Womans World Card (miles) - If you are indifferent to bank: Citi Rewards Visa (miles), BOC Family Card (Cashback)

Property

CPF

HDB BTO

Glenn Toh
Glenn Toh, Founder at Whatcard.sg
Level 4. Prodigy
Updated 4w ago
Never gone through the process, but sharing from personal knowledge (anyone who has personally gone through the process can feel free to correct any errors!) The CPF money will be taken in two stages. For this initial period where you are about to sign the lease/book the flat you only need to pay the 5% downpayment, which can be done via CPF or cash. After this you have the 4-5 year waiting period where no additional payments are required, and then only when the house is complete HDB will take all the money currently sitting in your CPF OAs and use that to paydown the cost of the house. The remaining value will then be your home loan. If you have a lot of money in CPF OA, this is the stage where you will need it in the account to payoff the loan value.

Credit Card

OCBC 365 Card

Lifestyle

Savings

Glenn Toh
Glenn Toh, Founder at Whatcard.sg
Level 4. Prodigy
Updated on 23 Jun 2019
First, if you are only spending $800/month on the OCBC365 card it is not possible at all to hit the cashback cap of $80 (which is a 10% cashback) since the OCBC365 rebate categories only give 3-6% cashback. You should think of the $80 as the upper limit on what OCBC will give, which is really only relevant if you spend much more than 800/month on the card. Based on what you shared and assuming you spend ~800/month each month, for May you achieved 18.25/800 = 2.3% overall cashback, which I would say is good enough to keep using the card. However what you got in April and March is very poor and if those are typical months you may want to consider other OCBC cards such as the OCBC Titanium Rewards or FRANK credit card that do not have minimum spending requirements. Finally, the 0.3% bonus interest rate on OCBC360 account is not considered partof the $80 cashback. One tip I could share to help maximise your cash rebate is to do a quick search on https://www.whatcard.sg/ to see if you get bonus cashback on OCBC365 card before spending. Full disclosure: I am part of the team that developed WhatCard to help ourselves figure out how to best maximise credit card rewards.
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