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.
As part of The Great Singapore Airlines Getaway, American Express Cardholders who are amongst the first 1,000 to register for the following promotion will enjoy S$50 Statement Credit for simply spending S$1,500 on Singapore Airlines during September 2016.
If you follow The Shutterwhale on Facebook, you should have seen my rant this morning on the changes to the ANZ Travel Visa Signature Credit Card's unlimited Airport Lounge benefit that came into effect this morning. One of the last few benefits of this card used to be the unlimited access to Veloce lounges all over the world but now that has been taken away and been replaced with a conditional DragonPass access instead.
Even though I have had a terrible first experience with uberPOOL, it has improved ever since then and my trips seem to take only 10 minutes extra on average (which to me is very reasonable). Uber Singapore has just announced that uberX rides are now fixed rates so essentially what you see is what you pay - well the banks still charge a cross border fee of 0.8% (which is not controlled by Uber) so you still need to slap on that 0.8% fee to get what is being charged on your credit card statement.
I was reading the news earlier this morning and I chanced upon the newly released American Express Explorer Credit Card in Australia. Before anyone in Singapore gets super excited, we are not sure at this moment whether or not it will be made available to us here in the Lion City but just take a look at that card!
The Citibank Rewards Card is one of my favourite credit cards in Singapore - it offers up to 10X Rewards (equivalent to 4 miles per S$1) for up to S$12,000 each year. Yes, this means that the total number of bonus miles (10X) you can get each year from this card is 120,000 Citi Dollars (which converts into 48,000 Miles). To get around this problem, most of us hold both the Visa Signature and WORLD MasterCard versions to double this limit (you do have to charge them separately though). Between now and 31 October 2016, enjoy 20X Rewards (that's 8 miles per S$1) when you charge retail purchases on these two cards.
American Express is the Official Card Partner of the MICHELIN Guide Singapore and card members will be able to enjoy a suite of privileges. Between 22 July 2016 and 21 July 2017, purchase Singapore's very first The Michelin Guide Singapore 2016 at 50% off. In fact, selected card members will also be able to get the Guide before it goes on sale to the public.
In partnership with CapitaLand Mall Asia, CapitaLand, American Express has launched Singapore's only multi-mall loyalty credit card - the American Express CapitaCard. Back by CapitaLand's rewards programme CAPITASTAR, cardholders of CapitaCard will be able to enjoy the highest STAR$ earn rates in the market - these STAR$s can be redeemed for free CapitaVouchers and parking privileges in participating CapitaLand malls.
Earn up to 8 miles per dollar on all eligible bookings made on Expedia with your DBS Altitude Visa or American Express credit cards - registration is absolutely necessary in order to earn bonus miles. Read on for the summarised version of the terms and conditions - watch out as NOT ALL FLIGHTS WILL EARN YOU BONUS MILES.
While it is not uncommon for points to accrue on the principal cardholder's account when supplementary cardholders make eligible spend, it is quite rare for banks to allow cardholders to transfer points between two parties (especially when they are not directly related). Even though the benefits from the ANZ Travel Visa Signature Credit Card have been diluted over the years, it is still a pretty decent card to have when you consider everything else. Paying S$200 a year for 10,000 bonus Travel$ (which converts into 10,000 miles) is not necessarily a bad idea so long you know how to use your miles wisely. What a lot of people do not realise however is that it is actually possible to transfer your Travel$ to another ANZ Travel Visa Signature Credit Principal Cardholder.
Similar to one of the amazing perks that you get with the Citi Prestige Card, American Express is now offering a complimentary night at any participating PARKROYAL hotel around the world when you pay for two nights - that's right, you will get the third night for free! This offer is valid from 01 June 2016 to 31 August 2016 and you can benefit from this promotion for up to two complimentary nights per stay.