Looking to make a switch from DBS Multiplier to OCBC 365. Should I close my account entirely? - Seedly

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Asked by Anonymous

Asked 3w ago

Looking to make a switch from DBS Multiplier to OCBC 365. Should I close my account entirely?

Hi, I'm a 27 y/o using a DBS Multiplier Account + a DBS Altitude Card. I'm looking to take on bill payments for my parents (telco, utility bills, insurance). Because the DBS Altitude doesn't give me any miles for bill payments + insurance, I'm looking to switch over to OCBC 365. I'm not looking to keep too many cards or bank accounts so I might close the DBS Multiplier when I move over to OCBC. Is it ok to do that? Does this affect my credit score or should I consider keeping the DBS account up?

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Xue Yi Hang
Level 2. Rookie
Answered 1w ago

It won't affect your credit score. Personally I keep multiple bank accounts as it 1. Makes it easy to segregate my money so I only touch what is in my spending account 2. DBS ATMs often have long queues so I just draw money at OCBC ATMs which usually have nobody and then ibank money between my own accounts lol

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Chris Tang
Chris Tang
Level 1. Freshie
Answered 3w ago

Or would it make sense to keep DBS Multiplier as bank account and just get the OCBC 365 card itself?

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