Asked by Anonymous
Asked on 01 Aug 2019
Hi! I’m planning to get one of the DBS/ POSB cards for my Multiplier account, but feeling stuck as the cards don’t seem very appealing to my spending behaviour.
My expenses are largely EZ-Link, Grab, some dining, and online expenses (Shopee, retail, Netflix or work expenses from Google / Facebook) ~ $400-$950 per month. I don’t visit Sheng Shiong, petrol kiosks or pay bills. Live Fresh has a $20 cap on categories which isn’t too appealing.
Which DBS/ POSB credit card would work best for me?
Hey there! I AM IN A HUGE DILEMMA AS WELL.
Based on your spending patterns, I believe DBS Live Fresh works best for you. Unless you are a miles person then you should consider DBS Altitude (btw the miles don't expire) or DBS WWMC (miles expires every year).
For DBS Live Fresh, it is 5% cashback cap at $400 per category spent (min. $600 spent per month)
Category meaning: Online, Contactless (PayWave) and Other Spend.
Based on your $400-$950 spent on expenses, it doesn't look to me that you're reaching the cap of $400 per category spent. If you are for ONE category then consider rearranging your expenses, so like instead of spending online, go to a physical store to make the same purchase but using PayWave. :)
Anyway, just wanna add that you don't have to spend just to earn the extra interest rate on the Multiplier. A decent S$1 macs ice cream like what Gabriel mentioned will do the trick.
Edit: Forgot to mention Live Fresh is having a 10% cashback SimplyGo promo too!
For DBS multiplier, there is no minimum spend required on credit cards.
I use POSB Everyday card, every month just spend $1 on Mcdonalds ice cream to clock the requirement.