Dash – Cashback king till 30 Sep 2019

Well, I’ve only recently signed up with Dash, the payment platform by Singtel, mostly out of curiosity. I’ve noticed their ads at Food Republic food courts for the longest time, but never felt any urge to give them a try. I did so recently, just to check if they offered any good deals.

What do you know, they are running a promotion that is actually pretty good, valid till 30 Sep 2019. 5% cashback on Qoo10 and Lazada (capped at $2.50, on top of the usual 1% Shopback cashback), as well as for purchases of groceries at Fairprice and Sheng Siong, among the rest, with no minimum spend requirement. You may shop at each of these merchants once a day and receive the 5% cashback, and it is credited into your Dash account by the very next day, which means the money is practically available for use by your next transaction.

By the way, from 12-15 Jul 2019, there is an additional 10% off with promo code plus 5% cashback on Lazada.

If you’re wondering what Dash is about, it’s like a prepaid credit card account. You get a virtual Visa credit card number every time you need one for a transaction. I didn’t keep track, but you’re probably assigned a new virtual credit card number every time. This is unlike the Youtrip card where you get a permanent Mastercard credit card number. For foreign currency transactions, i think Dash does not offer a better deal than Youtrip though. There is an ongoing 5% cashback deal (max S$5) for overseas spending valid till 30 Sep 2019 as well, might work out better than Youtrip.

No better time to sign up with Dash than now (get up to $3 cashback when you make your 1st transaction)!

2019 Cashback Credit Card Strategy

It’s been a long time since i did a check on the ins-and-outs of the world of cashback credit cards. Things have changed tremendously. For the longest time (more than a year), i’ve been relying on the OCBC 365 Credit Card, but they put a stop to the benefit i needed the most from the card and i probably have to kiss it goodbye.

Nevermind if the minimum spending was raised from $600 to $800, the 3% cashback for online transactions (unless it is travel related) was removed. There’s no way i can hit the minimum spending of $800 if i can’t accumulate online purchases towards the $800. So, what’s next?

There are two cards that look like suitable candidates for replacement: OCBC FRANK and Standard Chartered Unlimited.

Continue reading 2019 Cashback Credit Card Strategy

Review of Youtrip card

So i did my maiden test drive of the Youtrip card, and i’m happy to report that it works as advertised. Continue reading Review of Youtrip card

Bye Bye ANZ Optimum, Hello OCBC 365

Well, as expected, the ANZ Optimum World Mastercard is no more with effect from 5 Aug 2017 (you cannot make any further transactions with the Credit Card). Of importance to note is the announcement on rewards redemption, which i quote:

Rewards redemptions: All unused ANZ Rewards Points/Travel$/Optimum$ will be transferredto your existing or new DBS/POSB credit card for redemption. ANZ Rewards Redemptions will cease prior to the transfer date as outlined below:

  1. 17 July 2017 – All Rewards redemptions excluding KrisFlyer Miles and Cash Credits
  2. 24 July 2017 – KrisFlyer Miles and Cash Credits redemptions

Thankfully i was able to make my very last Optimum$ redemption on 18 July. I am quite sure that DBS will not be as generous as ANZ. I reckon that you may not get the dollar equivalent rewards transferred to the new DBS Credit Card you will be getting.

Another charity program bites the dust. Thank you ANZ, and farewell. Continue reading Bye Bye ANZ Optimum, Hello OCBC 365

The end of ANZ Optimum Credit Card is in sight

Received the mailer as pictured above today. ANZ Retail business taken over by DBS, and that would include the Credit Card business. It can only mean one thing – all ANZ Credit Cards will go.

As the saying goes, all good things come to an end. Also, if it looks too good to be true, it probably is. You could say the 5% cashback without minimum spend and practically without cap was a dream. I am quite sure DBS will clamp down on this money losing business.

For those of us holding the ANZ Optimum card, we could probably continue to enjoy the benefits until June or so. Next best Credit Card? Well i guess, for me it will be UOB Visa Signature for overseas and foreign currency spend, and possibly OCBC 365, which gives cashback for a very wide range of spending categories. Once ANZ is no more, i will probably have to get this card.

Save serious money on hotel bookings

I have just received S$166.16 in cashback for the hotel bookings of my recent trip, no kidding! Here’s how i did it.

Earn cashback through ShopbackSimple as that. Hotel booking websites take an average of 15% in commission from the hotel/accommodation provider for every booking done through their websites. Yes, that’s an awful lot of money! They’re willing to give you back 6% of that commission, so you better grab it! You can get this cashback if you do your hotel bookings through cashback websites, like Shopback.

Continue reading Save serious money on hotel bookings

Thank you Bank of China

All things too good to be true must come to an end, and so it did. Bank of China has finally clamped down on their “charity program” that dishes out 5% rebate on all online transactions, including payments to government services. Here is the official announcement.

I will no longer enjoy a 5% rebate for my HDB season parking payment, but the terms and conditions did not specifically mention about payments to Telcos (according to my credit card bill it seems the payment made to Telcos still count towards the 5% rebate), though there is the overarching clause that the benefits can be revoked at any time at their sole discretion.

Also, it is mentioned that the 5% rebate promotion applies from April to June 2016, which means it may be terminated completely after June. Moreover, the 5% rebate is now capped at S$30 (was S$50).

Well, i’ve enjoyed the very generous rebates for more than a year, and i must say Thank you, Bank of China!

UOB Visa Signature test drive result

Got hold of the UOB Visa Signature card only recently and took it for test drive immediately. The requirement to earn 5% rebate is to spend a minimum of S$1000 of foreign currency equivalent within a statement period. It is stated in the terms and conditions that the regular 1X UNI$ (0.5% rebate) is reflected in the current statement period, and the remaining 9X (4.5% rebate) will only be given in the next statement period.

To be able to make a redemption, however, you need to accumulate at least S$2000 worth of foreign currency spending to earn the UNI$4000 required for redemption. This means you either spend S$2000 one-shot in a single statement period, or S$1000 each in two statement periods.

visasignature1 visasignature2

Continue reading UOB Visa Signature test drive result

Visa ♥ Shopback

Not wanting to be left out, Visa now partners with Shopback and dishes out more cashback if you go through the Visa promo page. However, they can’t actually force you to make payment with a Visa credit/debit card on the actual merchant’s site. All you have to do is to fill in the first 6 digits of a Visa credit/debit card to gain access to the extra cashback. On the other hand, MasterCard has already been running a similar deal with Qoo10 for a year or more, and they do enforce making payments with a MasterCard.

I seriously can’t figure out how such deals can make a difference to Visa or MasterCard. Does anyone decide on which credit card to use based on whether it is a Visa or MasterCard? I really doubt so. I guess it is just a general brand marketing campaign. The Qoo10 MasterCard promotion does give you very good discounts (more than 20%), almost unbelievable.

 

For one day only (1 April 2016), Visa is giving up to 20% cashback through Shopback. Redmart is one of the merchants, and i wasted no time to grab this deal. I happen to have on hand a $5 coupon code as well for answering a questionnaire from Redmart, so no better time than to utilize it than now.

redmartOrder
Redmart checkout

20% cashback as promised
20% cashback from Shopback as promised

Since i made payment with BOC Shop! card, i do get another 5% rebate. All in, i got $16.78 of discount for $49.10 worth of purchase, which is a whopping 34% discount!

There was also a 20% cashback for Groupon, and i bought a $60 dining voucher for $34.90. With the $6.98 cashback and 5% rebate from BOC Shop! card factored in, it is an overall discount of 56%, which is not bad. The 20% cashback promotion for Groupon lasts until 5 Apr 2016, so you might still have a chance to grab something worthwhile.

If you haven’t signed up with Shopback, why not?

Survey of Singapore credit cards

I’ve written about the best credit cards for overseas spend (one of the more popular posts on this site) and also about credit cards that earn you the most cash rebate (it is slightly outdated already). Here’s my personal take on all the credit cards in the market. Note that corporate credit cards and cards aimed at specific demographic or special-interests or tied to specific merchants are generally excluded (e.g. high rollers, students, golfers, petrol, departmental store etc.). Cards for accumulating air miles are also excluded. Let me be honest about this – i don’t believe in accumulating air miles, since i am never insistent on sticking with any particular airline for flights. Even when you use your miles, you will still be paying taxes and levies, which can sometimes amount to as much as the price of a discounted flight ticket. Continue reading Survey of Singapore credit cards