Is it be advisable to apply for a credit card from a different company with better cash back rates (BOC/UOB) and then paying off the credit with my DBS credit card (so i get both the cash back from and multiplier)? - Seedly
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Zi Song Lim

Asked on 10 Jun 2018

Is it be advisable to apply for a credit card from a different company with better cash back rates (BOC/UOB) and then paying off the credit with my DBS credit card (so i get both the cash back from and multiplier)?

Currently using the DBS Multiplier.

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Repayments are actually excluded from cashback/rewards schemes.

Only spendings will get you these rebates.

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Aik Kai
Aik Kai
Level 7. Grand Master
Answered on 02 Aug 2019

Yes to getting other banks cards for better cashback. No to your 2nd part. Paying other banks credit card bill, or paying for the same bank credit cards is excluded from getting rewards/points/cashback and they do not count towards pushing your Multiplier to a higher tier of interest.

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Phyo Myat Thu
Phyo Myat Thu

21 Jan 2020

This is so helpful 👍
JianHao Soo
JianHao Soo
Level 5. Genius
Answered on 19 Sep 2018

Have to check the MCC codes to see if it's excluded.

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Jeff Yeo
Jeff Yeo, amateur Social contributor at School of social sharing
Level 7. Grand Master
Answered on 19 Sep 2018

You can’t pay another bank’s bill with a credit card and get rebates for it.

Read the TnC on exclusions

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Shun Oh
Shun Oh
Level 4. Prodigy
Answered on 29 Aug 2018

It really depends on your spending habits because the cards with better cashback rates usually have other requirements to fulfill.

For the second part, technically you can't pay off one credit from other bank with another credit card...If not there will be a loophole in the system hah.

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Alan Seow
Alan Seow
Level 3. Wonderkid
Answered on 11 Jun 2018

After doing some research. I decided with UOB one account as it doesn't even require you to bank in your salary. 3 GIRO accounts. But the extra effort doesn't warrant this. At max at 50k what u can get is 100 a month max including the blended deposits. Yes it's blended. Meaning the higher deposit rates are for 40k and above.

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John Ong Zhenxi
John Ong Zhenxi
Level 4. Prodigy
Answered on 10 Jun 2018

I haven't used DBS Multiplier, from what I understand, it doesn't require one to spend huge amounts on the credit card. As long as the Salary credited monthly is > 2,000. And maybe use your DBS cc for 1 purchase. That will get you near to max returns. It makes sense to me actually to charge to other credit cards to optimise returns.

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