Hey there anon!! I’m in the midst of planning which DBS/POSB credit card to get and complement my DBS Multiplier account too so here are the findings I got! I will be focusing on the following 3 credit cards that are the most popular among consumers. ! TL;DR: You should pair your DBS Multiplier Account with the POSB Everyday Card because: - There is no minimum monthly spend - There are lesser cashback caps imposed - There is a good variety of merchants to enjoy the cashback from 1. DBS Live Fresh Card ! Details: - This cashback rate is only applicable with a minimum spend of $600/month. - From now till 31 Dec 2019, you’ll get to enjoy an additional 5% cashback on your transport spend for the first 180 days from your card approval date as long as you hit the minimum spend of $600 every month. This cashback is capped at $20/month. - You can connect the DBS Live Fresh Card to SimplyGo, charging all your bus/MRT rides directly to it - This all-in-one card can also be linked to your Multiplier Savings Account and act as your ATM card 2. POSB Everyday Card ! Details: - No minimum spend - Your cash rebates will never expire - You can connect the POSB Everyday Card to SimplyGo too, charging all your bus/MRT rides directly to it - This all-in-one card can also be linked to your Multiplier Savings Account and act as your ATM card 3. DBS Altitude Visa Signature Card - Miles rate (local): $1 = 1.2 miles - Miles rate (overseas): $1 = 2 miles - Miles rate (travel): $1 = 3 miles - 10,000 extra miles with annual fee payment - Additional travel privileges exclusive to cardholders - You can connect the DBS Altitude Card to SimplyGo too, charging all your bus/MRT rides directly to it - The card can also be linked to your Multiplier Savings Account How do I decide which is the most suitable card? 1. Are you focusing on a credit card that rewards you with cashback or miles? 2. What’s your average monthly expenses? This is to ensure you can hit the minimum spend on cards with one. 3. What comprises your monthly expenses? Are they mostly online spending or grocery.etc? This is to ensure you’re milking your card to its potential. Based on the above findings, I would most likely go with the POSB Everyday Card . With no minimum spend imposed, I don’t feel pressurised to spend excessively every month to hit that target. The cashback given for shopping at Sheng Shiong and Watsons are great for me too, but the 20.1% cashback for petrol at SPC is even better for those that drive a lot! The $60 monthly cashback cap imposed on the Live Fresh Card makes it lose out to the POSB Everyday Card. Apparently, the cashback % was at 10% previously AND there were no monthly caps for the Live Fresh Card a year ago. But today’s terms aren’t so favourable anymore so I would really encourage you to get the POSB Everyday Card instead. If you’re looking for a credit card rewarding you with miles instead, the DBS Altitude Visa Signature Card has pretty decent features and can be linked to your DBS Multiplier Account too. Essentially, it boils down to how much your monthly expenditure is - the higher it is, the greater the interests you get to earn from the Multiplier Account. If you would be spending a lot in exchange for a better interest rate, why not milk the cashback from the POSB Everyday Card that doesn't have a monthly cap? I hope this was helpful!

Hi Dominic! I’ve been doing some research into the common investment options available and considered ETFs vs Robo-Advisors too so here’s my little analysis. Some quick facts about ETFs : - When you buy a stock of an ETF, you are buying into a basket of weighted shares. - They are medium to high risk investments that have high returns. - These are great for passive investors wanting to diversify at a low cost with relatively low effort. - E.g. STI ETF - We actually have a checklist on choosing the right ETF here! Some quick facts about Robo-Advisors : - Digital platforms that make automated and algorithm-driven investment decisions instead of going through an actual, human fund manager. - They are low to high risk investments with low to high returns (customisable). - These are great for passive investors wanting to diversify at a low cost with very little effort. - E.g. StashAway, AutoWealth, MoneyOwl, Endowus - We’ve done up a comparison of all the Robo-Advisor companies in Singapore too, check it out here! TL;DR You should make a long term investment in Robo-Advisors if you’re an investor that: - Don’t mind the lack of control over the exact ETFs or securities you’re investing your money in - Want a purely passive investment option that requires minimal effort but is highly diverse too - Don’t mind paying additional fees for the Robo-Advisor to do the manual work for you - Is new to investing and would like to explore this alternative of investing ! Now moving on to comparing between ETFs and Robo-Advisors: #1 What is being invested: - ETFs: If you’re looking at the STI ETF then it would be a local ETF. It would expose you to companies in various sectors in Singapore, albeit heavily focused on the banking & finance ones. Investing in ETFs as an individual gives you the freedom to DIY. - Robo-Advisors: They would usually invest in a basket of global ETFs (mostly US ETFs), exposing you to the global economy in different sectors. They are usually diversified through a mix of equities and bonds in the portfolio. Some of these ETFs are not available to retail investors too. #2 Degree of autonomy: - Investing in ETFs directly would give you full control and flexibility over which ones you would like to invest your money in. - Investing via Robo-Advisors wouldn’t give you as much control over the specific ETFs/bonds/equities you would like to invest in as the algorithm would help decide for you. Investing through the algorithm may not cater to your specific investment needs compared to investing with a human touch. HOWEVER, you would still be able to customise based on your risk appetite, income, financial goals .etc. #3 Method of investment: - ETFs: You can make a lump sum investment through a brokerage account OR make monthly investments through your bank account or POEMS. - Robo-Advisors: Each Robo-Advisor company has its own method of investment using different algorithms and models. - Investing through Robo-Advisors would usually be easier as there’s no need to submit any documents to the brokerage firm or pass any instructions down. Simply sign up and let the app’s algorithm do the work for you. #4 Costs associated: While the fees associated with Robo-Advisors are indeed lower than investing via a fund manager, you would still incur additional costs compared to buying the ETF and managing your investment portfolio on your own. Therefore, you should evaluate if these Robo-Advisor fees are worth it in the long term. Intermediary fees aside, do take note of minimum investments and transaction costs associated with investing in ETFs as an individual too. Some Robo-Advisor companies might have minimum investments too! Long term investments: You mentioned that you’re looking for a long term investment strategy and both ETFs and Robo-Advisors are great investment options for the long term as they are both liquid. This means that you can sell your portfolio whenever you deem fit, or in your case, when your ‘long term’ timeframe is up. I personally find Robo-Advisors more liquid than ETFs. Since the algorithm would manage your entire portfolio, you can decide to cease the long term investment whenever you like to. Investing in ETFs as an individual means managing and reviewing your portfolio on your own before selling them away. I feel that this process would take a tad bit more effort and time compared to leaving it in the hands of the Robo-Advisor’s algorithm. But at the end of the day, to each his own. More importantly, diversifying is key :) Ultimately, you can invest in both Robo-Advisors and ETFs at the same time as your long term investment strategy as they both help to diversify your portfolio. I hope this was helpful to you!

Hi Anon! I’ll start off by recommending you this Seedly article breaking down the differences in CC benefits. Understanding the differences among the 4 types of benefits can help you in deciding which CC to prioritise in the future! That aside, what I get from you is that: 1. You’re an avid Grabber and would like to benefit from your frequent expenditure 2. You are currently using/would like to use a Visa CC ! With that, I would be focusing on earning miles and cashback from your monthly expenditure as they’re the more common benefits. Here are my recommendations: ! My summarised list of recommendations aside, I do advise you to do your own research on the various CCs to take note of the exceptions in expenditure and see if the terms match your expenditure behaviour. Based off what I’ve researched, UOB seems to have the best deals with Grab (refer more here: https://www.uob.com.sg/grab/). I’ve narrowed it down to the above 2 UOB CCs based on your expenditure behaviour ($800/month). Hope I helped!! :-