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Credit Card

General

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 8. Wizard
Updated 18h ago
This is pretty nasty. 28% p.a for most credit cards. That's really ridiculous rate and the interest compounds monthly because the fees are charged every month when you do not pay off your credit card debt. That's excluding all the late charges and additional interest fees. The total amount of interest you are paying: - 28% p.a interest on your credit card debt (X) you owe - Additional late charges monthly (Y) - (X +Y) x 28% p.a will compound agressively and very quickly. Rule of thumb: - NEVER get a credit card if you cannot control your spending - Always pay off your credit card debt monthly in full - Don't be too lazy to waive off your credit card annual fees (this compounds also if you dont pay it off)

Lifestyle

Savings

Credit Card

Personally, my fav is still TaoBao due to largest supplier, variety and lowest possible price! I started on 11th Nov, has the most deals and coupons (like Q10) but expect ETA about 1.5 months!!! Here are few of my tips that I use whenever I shop at Taobao: 1. English reader use Google translate for your easy understanding. 2. Upload / Take pic of your item (using the camera icon) for easy search in the billions of items. ! ! ! ! 3. Use the filter functions to narrow down the size, types, materials, pricing, seller ratings, highest sales volume to get to the treasure in the sea of same product! ! ! 4. Always read User Review. They have Q&A, User Showcase (pic/video) and user review. Tips: a) Review can be fake ! (Paid by merchants to do fake review) but the pic / video is worth a 1000 words! See it for yourself, check the real item pic share / showed by past buyers to be safe of design/colour and some cases, the quality. b) Read seller review: But take it as a pinch of salt since it can be fake. I'll usually choose those where many people buy from them, so that should be quite safe since many buyers bought from them. ! ! 5. Measure yourself first (clothings), record down and for every item, there's a measurement so you can base on that table to compare and find / buy the right size and fittings. ! Happy Treasure Hunt (Taobao!) Cheers!
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Credit Card

Savings

Joel Tan
Joel Tan
Level 1. Freshie
Answered 2d ago
Not worth at all. Dun do it. you lose interest in the $50k or $100k u deposit in Unlimited saver account at 0.1% where you could place in a 2% account effectively causing you to lose $159 approximately a month. That means you have to spend around $5334 to earn the cash rebates just to be on par and not worse off. This is to prey on people who do not both to count opportunity cost foregone. Please correct me, if I am wrong. SH

Credit Card

Bank Account

DBS

DBS Multiplier

DBS Live Fresh Card

POSB Everyday Card

Hi there, if you are opening a DBS multiplier account, you really should pair it with a credit card to earn the bonus interest. Between those two cards, it doesn't matter too much, but be aware that the cash backs are subjected to various limits and criteria, and the annual fee is also payable (although you should be able to waive it). An alternative is to consider a miles card like DBS Altitude where you can earn miles on your first dollar with no restriction and save them up for aspirational travel. Annual fee payment on a miles card will also earn you additional miles.

Credit Card

DBS

Yes, you can. If you include your bonus and AWS, it will usually be enough to allow you to qualify. Even if including it does not bring you past the threshold, banks are usually able to issue the card if they do not deem you a credit risk. It also helps if you have a POSB/DBS bank account. Having said that, I assume you are talking about the entry level cards where the requriement is $30000 annual salary.

Credit Card

General

Hi Anon! I’ll start off by recommending you this Seedly article breaking down the differences in CC benefits. Understanding the differences among the 4 types of benefits can help you in deciding which CC to prioritise in the future! That aside, what I get from you is that: 1. You’re an avid Grabber and would like to benefit from your frequent expenditure 2. You are currently using/would like to use a Visa CC ! With that, I would be focusing on earning miles and cashback from your monthly expenditure as they’re the more common benefits. Here are my recommendations: ! My summarised list of recommendations aside, I do advise you to do your own research on the various CCs to take note of the exceptions in expenditure and see if the terms match your expenditure behaviour. Based off what I’ve researched, UOB seems to have the best deals with Grab (refer more here: https://www.uob.com.sg/grab/). I’ve narrowed it down to the above 2 UOB CCs based on your expenditure behaviour ($800/month). Hope I helped!! :-
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Credit Card

Glenn Toh
Glenn Toh, Founder at Whatcard.sg
Level 4. Prodigy
Updated 1w ago
Hi there, currently the best credit card reward we know of for Grabpay topups is through the UOB One card, mainly because of the very generous extra 5% cashback on ALL Grab transactions (including topup, Grab Food, Grab rides) that is given above and beyond the standard cashback tiers for UOB One card (up to 5%). At a maximum cashback rate of 8-10%, this will give a higher value than any miles cards we know of (that give at most 4 miles/dollar on Grab) We also wrote a longer article detailing how to maximise cashback on UOB One card through Grabpay topups that you may be interested to check out to learn how to get the maximum rewards on Grab

Credit Card

Dexter Tiah
Dexter Tiah
Level 3. Wonderkid
Answered on 19 Jun 2019
Hi, there is actually an answer to your specific question and similar questions like these. Basically, you can key in the merchant "Grabpay" in the search field in www.whatcard.sg. In that site, you can see the rewards offered by the various credit cards, to optimize your cashback/rewards! I did this for your question, and the result is: Amex Ascend has the best miles reward (3.2mpd), and HSBC Advance has the best cashback (2.5%, subject to you hitting S$2k spending that month) for Grabpay.

Credit Card

Glenn Toh
Glenn Toh, Founder at Whatcard.sg
Level 4. Prodigy
Updated 1w ago
Currently the best credit card reward we know of for Grabpay topups is through the UOB One card, mainly because of the extra 5% cashback of ALL Grab transactions (including topup, Grab Food, Grab rides) that is given above and beyond the standard cashback tiers for UOB One card (up to 5%) We also wrote an article detailing how to maximise cashback on UOB One card through Grabpay topups that you may be interested to check out to learn how to get the maximum rewards on Grab

Credit Card

Liam Lim Yu Zheng
Liam Lim Yu Zheng
Level 3. Wonderkid
Updated 2w ago
I still hv referrals available (2claimed, 8 available)! Get S$10 free money after your first top up! Get the app and accept the invitation with this special link: https://youtrip.app.link/ZHI%20YANG112143 When prompted to add in any optional promo code, Also use code ISHOPCHANGI5 for an extra $5 !
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