While some of us have been grieving over the impending changes to the OCBC Frank Credit Card (wef 01 October 2015), many of us have started looking for substitutes. To be honest, while the requirement of S$400 on offline retail spend has put a lot of people off, the OCBC Frank Credit Card is still quite a decent card to have if you do spend a bit of money at cinemas, bars, clubs, KTVs and selected cafes on weekends. However, if you are looking for a credit card that gives you maximum online rebates (with its own set of terms and conditions of course), you might wish to consider the next one instead.
See how happy the girl above is with her new (presumably online) camera purchase? Well, assuming that the camera costed somewhere between $600 to S$857, the lady with her Standard Chartered SingPost Platinum Visa Credit Card, has actually gotten 7% cash back on her online purchase (no wonder she's grinning from ear to ear!). Here's why you should consider the Standard Chartered (SCB) SingPost Platinum Visa Credit Card:
1. 7% Cash Back on Eligible Online Purchases (up to S$60 a month)
If you meet the S$600 minimum spending (per month) on the SCB SingPost Platinum Visa Credit Card, you will enjoy 7% cash back on all eligible online purchases. While there is a list of exclusion (as with every other card in the market), you will essentially be able to earn up to S$60 rebates each month on each principal account. If you use this credit card solely for eligible online purchases, this means that you need to spend between S$600 and S$857.14 to earn between S$42 to S$60 of cash back each month.
2. All Online Spend goes towards Satisfying the Minimum Spend
It is not uncommon for a credit card to have a monthly minimum spend before the maximum rebates are issued. For the SCB SingPost Platinum Visa Credit Card, you will have to charge at least S$600 to your card (on a monthly basis) before 7% cash back on all eligible online purchases will be awarded. The best part about this is that you can use this card predominantly for online purchases - there is no offline spending requirement at all.
The Standard Chartered SingPost Platinum Visa Credit Card is a great substitute to the OCBC Frank Credit Card if and only if you are looking for a credit card that is great for online spend only. Sure you may get 2% back in rebates by spending on groceries but the ANZ Optimum World MasterCard gives you 5% instead. The only catch with the Standard Chartered SingPost Platinum Visa Credit Card is the S$600 minimum spending each month that is worth mentioning.
If you have held the Citibank PremierMiles Visa Credit Card for the last 6 months of longer, chances are that you would have received a targeted offer to earn (well, purchase) 31,200 miles for S$238 once S$9,000 (in local or equivalent foreign currency) has been charged to the card between 01 July 2017 and 31 August 2017. Registration is absolutely essential for this promotion.
The wait is finally over - Mileslife is now officially launched in Singapore to offer the opportunity to earn more miles on dining, lifestyle and travel spend. To celebrate this momentous occasion, it is offering 4X more miles (up to 20 miles per S$1) on all eligible transactions made on Mileslife. Remember these miles are accorded on top of whatever you earn from your credit cards so there is definitely a huge potential to rake up those miles for free flights on First Class and Business Class!
Uber has changed the way we get around on a day to day basis. While the train is the primary mode of transport for most Singaporeans, there are instances and occasions where a car ride makes a lot more sense because you are rushing for time or simply want a more comfortable journey. If you do use Uber on a very regular basis like me, there are a few things that you can do to save money on these rides - many of which do not require you to do much and simply take an additional second or two to save you money in the long run!
Using the right credit card that will earn you a lot of miles which you can then redeem for free flights is infinitely satisfying. While the HSBC Advance Platinum Visa Credit Card no longer offers 4 miles per dollar (it now offers up to 3.5% cashback) on local dining spend, there are various ways you can still earn a decent amount of miles when you use the right card and double-dip (or even triple-dip) with a number of other promotions! One easy way to do so in Singapore is to combine the use of Chope, Mileslife and the right credit card.
While we all know that the ANZ Travel Card has died a horrible death and that your accrued Travel$ will be converted into DBS Points, it has come to my attention recently that DBS has in fact provided a really good website detailing the upcoming changes and more importantly, what will happen to your existing points and credit card products.
As we mourned the death of various credit cards in the industry lately, I was surprised to find that the OCBC VOYAGE Card (which I covered in-depth HERE) has just been unveiled improved and enhanced travel and lifestyle benefits for cardholders. While I have previously mentioned that cardholders are already able to access a personal concierge service with the credit card, OCBC has just introduced a brand new medical triage service, enhanced travel perks, greater insurance coverage and new merchant partnerships that cardholders can take advantage of immediately.
As we bid farewell to Singapore's best credit card for miles earlier this month, the brand new HSBC Advance Credit Card while nowhere near as impressive as its predecessor, offers up to 3.5% cashback on all eligible purchases. With the proliferation of unlimited cashback cards in the market, this could be a strong contender in the cashback card market if you typically charge a fairly consistent range of expenses to your credit card each month.
The HSBC Advance Visa Platinum Credit Card is dead (for mile-chasers anyway) and it will become a cashback card soon - the 4 miles per dollar promotion will end officially on 31 May 2017 and you will only earn 1X (0.4 miles per dollar) Rewards point with eligible dollar spent in the month of June 2017. You will have to redeem all your Reward points by 31 August 2017 or they will be converted into cashback on 01 September 2017 at a 100 Reward points to $0.25 rate.
The new UOB Rewards portal is beautiful and it is a huge step-up from the older UOB Rewards Plus portal. While trying to redeem some KrisFlyer Miles however, I realised that the new portal only allows you to redeem up to a maximum of 9 units - obviously with a per-transaction fee of S$25, I would want to maximise the number of miles that I am redeeming for to suit my travel requirements.
In order to help everyone keep track of the discontinuation and extension of credit card promotions in Singapore, I will be posting a series of summaries every couple of months. These summaries will basically tell you which mile-related promotions have been extended and which credit cards to ditch - no I will not be tracking dining or shopping promotions.