Hi, my wife and I are both 34, and we are expecting our first child at the end of the year. With upcoming health related expenses, are there any credit cards and bank accounts that you can recommend? - Seedly
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Anonymous

Asked on 28 Sep 2018

Hi, my wife and I are both 34, and we are expecting our first child at the end of the year. With upcoming health related expenses, are there any credit cards and bank accounts that you can recommend?

Thanks! Greatly appreciate feedback.

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Congratulations! :):

For cash back with no caps, go for Amex True Cashback card.

https://www.americanexpress.com/sg/content/true-cashback-card/?sourcecode=A0000EUPTJ&cpid=100301242&veid=sI3ZX35Kd%7cdc_pcrid_278583159244_plid__kword_american%20express_match_e_pgrid_35256418218_ptaid_kwd-19866590_slid_u5JGN5Av&gclid=EAIaIQobChMItOqpj_nc3QIVFwSRCh2K9AHREAAYASACEgLpzfD_BwE&gclsrc=aw.ds

just nice, your medical / health expenses can be charge using the first 6 months, get 3% cash back, up to 5k. Hence you charge 5k to this card and get $150 for the first 6 month. Subsequent fee , you can charge $700 (min spending) with BOC family visa card, spend on medical / healthcare fee to get 5% cap at $40. So you can spend $800 to get $40 cash back.

http://www.bankofchina.com/sg/bcservice/bc1/201605/t20160503_6891836.html

T&C at:

http://pic.bankofchina.com/bocappd/singapore/201803/P020180327710875490784.pdf

With above 5k + $800 gets $150 + 40 = $190.

Any other expenses you can continue to charge on the Amex True Cashback card since it has no caps and get 1.5% cash back.

Alternatively you can charge also on Standard Chartered Unlimited Cash back card which gives also 1.5% cash back with no caps and other string of benefits. :)

That should cover most of your hospital / healthcare spendings.

Happy Parenting! :)

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Thank You!
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