OCBC introduced some changes to the 360 Account back in November 2018 and one month after the new changes took effect, the bank awarded a bonus interest of 2.0% (instead of the 1.6% which was initially advertised) on balances between S$35,000 and S$70,000. This promotional interest rate was supposed to end after March 2019 but it appears that the bank has now made this positive change permanent.
There are no other changes to the 360 Account as of now and it is certainly good news that the effective annual rate (EAR) of the salary bonus is now at 1.60% p.a. instead of 1.45% p.a. as it was previously. As mentioned in my previous article, it is a good idea to check out the Step Up bonus that you can easily trigger by increasing your account balance by S$500 compared to the previous month even if this bonus interest is only calculated based on the first S$70,000 of your account balance.
The Platinum Card from American Express offers plenty of benefits and with the recent inclusion of Singapore Airlines in the International Airline Programme (IAP), this card has gotten a lot more useful for me since I can now book Business Class flights at a significant discount (and still earn miles/PPS Value from them)! If you have been on the fence about this charge card, check out my previous article on how I actually rationalised paying for the S$1,712 annual fee.
The new KrisFlyer UOB Credit Card looks great but the only caveat is this - all the 'Accelerated Miles' will only post AFTER your card's membership year. This means to say that you will only expect to see your bonus miles next year!
When I wrote about the changes to the International Airline Programme for American Express Platinum Members earlier today, I did not expect the savings to be drastic. If you have not seen that article, Singapore Airlines and Qatar Airways have essentially joined the IAP and American Express Centurion as well as Platinum Members now have access to discounted Business Class and First Class fares (that is not publicly available).
One of the perks of the American Express Platinum Card that do not get talked about very often is the International Airline Program (IAP). When I rationalised paying the S$1,712 annual fee for The Platinum Card late last year, I noticed that the Business Flex rate for an Emirates flight costed approximately 11.5% lower than the publicly available rate. Today, a number of changes to the IAP have been implemented for The Platinum Card by American Express.
American Express Platinum Members in Singapore can now book Fine Hotels & Resorts rates online - get instant confirmation on luxury properties!
Have Marriott Bonvoy Platinum Elite or higher status? Kids under 12 (instead of 6) now eat for free at all participating hotels in Asia-Pacific.
It goes without saying that I am a huge advocate for ShopBack - I have gotten more than S$3,000 worth of cashback from using it over the last couple of years and I have recently discovered ShopBack GO which allows you to earn cashback even when you dine out and pay with your credit card(s). I have recently relocated somewhere closer to the city and realised that Eatigo offers plenty of great dining discounts at restaurants that I typically frequent anyway.
I have recently completed an amazing stay at the W Taipei where I was upgraded into a Marvelous Suite as a Platinum Elite member. However, when I looked at my Marriott Bonvoy account this morning, I realised that the points posted here approximately 14% lower than what I was expecting - it is always a good idea to calculate an estimated ballpark figure for the number of points you will earn from each stay and then reconcile it afterwards.
Hyatt has now enhanced their Best Rate Guarantee program to offer members the opportunity to pick 5,000 World of Hyatt Points over a 20% discount. Effective immediately, members can now file for a Best Rate Guarantee and choose between getting an additional 20% off or 5,000 World of Hyatt Bonus Points (which will typically cost USD 120 to purchase) when it is approved. Remember, these additional benefits are on top of your newly-matched room rate.
American Express has unveiled a list of participating merchants where holders of the American Express Singapore Airlines Credit Cards can earn additional miles every month. You might remember that there was an offer that was release a number of weeks back that allows eligible cardholders to earn 4 bonus KrisFlyer miles per S$1 spent with mobile wallets - I visited Watsons the other day to find out if both of these promotions stack.