Asked by Anonymous
Asked 4w ago
Hi there, I am considering to get the OCBC 90°N card for miles, saw that foreign charges are 3%? My calculation of value for the miles: (E.g. Payment in JB for RM300, estimated SGD100) Foreign charge = SGD100 x 3% = SGD3. Miles earned = SGD100 x 4mpd = 400 miles. Max cost of mile im willing to spend = SGD0.018. Cost per mile from transaction = SGD3 / 400 = SD0.0075. Thus is worth it if im willing to pay up to SGD0.018 per mile. Would appreciate if anyone could confirm my understanding :)
Yes, it is worth it in my opinion. Let's put it into cents to make it simpler.
You are willing to pay 1.8 cents to buy a mile. The 90°N allows you to buy a mile at 0.75 cents. In this case, it is less than your limit so, why not?
You can refer to the articles below for reference:
2) https://mainlymiles.com/2019/08/26/credit-card-review-ocbc-90n-mastercard/ (go straight to the comments. much better explanation)