Need some advice on my miles and credit card strategy? - Seedly
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UOB Preferred Platinum Visa Card

HSBC Revolution Credit Card

DBS Live Fresh Card

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DBS Multiplier Account

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Anonymous

Asked on 06 Nov 2019

Need some advice on my miles and credit card strategy?

Hi, my strategy would be as below:

1) Use UOB PPV ($1k x 4mpd = 4k miles per month = 48k miles per year, pay annual fee $192) for online transaction and paywave

2) Use HSBC Revolution (2mpd) for school fees (about $5k per year) and insurance (about $2.4k per year) should I top-up GrabPay with this card and then pay for insurance through AXS?) 14.8k miles per year

3) Use DBS Live Fresh for public transport so that I hit another category for my DBS Multiplier.

Appreciate any advice, thank youšŸ˜

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Hi anon,

Looks like you are on the right track. I see that you are maximizing 4mpd spend so you know what your common spend categories are, and you'll also want to add on a general spend card in time to come for non-specialized spending.

Keep reading the miles bloggers and you'll do fine in time to come.

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Kelvin Chin
Kelvin Chin
Level 5. Genius
Answered on 06 Nov 2019

No huge monthly spending nor a traveler, maybe cashback cards are more suitable. Personally I am fresh into the workforce only.

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Clever kai xin

07 Nov 2019

Want to play miles, go all in. Like a pair of pocket aces, half ass strategies rarely win you the pot
CS
Chan seng hoong
Level 6. Master
Answered on 10 Feb 2020

Good strategy. However as barry has mentioned do make use of the grab top up with citibank rewards visa instead of HSBC revolution.

This is because CRV is now earning 4 miles per dollar for grab top up a compared to HSBC revolution. Instead of paying through AXS which is now banned, you can pay your fees using cardup by linking your grabpay master card with it. There may be a small 2.25% fee but it is worth it for the 4miles per dollar

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pat
pat
Level 7. Grand Master
Answered on 10 Feb 2020

Your strategy looks okay as you are ripping the most value in each suitation. Your breakdown is well thought through too

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BA
Barry Allen
Level 6. Master
Answered on 10 Feb 2020

You should consider topping Grab with Citi Rewards VISA card as well and using it as much as possible for your day to day spend. That way, you can earn 4mpd on all transactions since you earn it when you top up Grab and not when you spend. Most transactions will also award grab points which makes the actual earn rate more than 4mpd.

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