OCBC Adjusts Salary Bonus Interest on 360 Account to 2.0% (from 1.5%) for Balances Between S$35,000 and S$70,000
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.
Accor's use of an incorrect currency rate led to an 18% reduction in the points awarded after my stay, highlighting the need for careful monitoring of point accruals.
UOB Lady’s Cards will only earn up to 4 miles per dollar from 01 April 2024 - maximum cap on UOB Lady's Solitaire Card (including metal version) will also be reduced from S$3,000 to S$2,000.
Choosing your first Milestone Reward with World of Hyatt at 20 nights - which to pick and what to take note of?
The DBS Woman’s World Card will only award 4 miles per dollar on the first S$1,500 (down from S$2,000) of eligible online spend from March 2024.
Earn up to 37,000 miles as a new customer with DBS Altitude Card - now with higher base earn rates and travel benefits to take advantage of. For a limited time only, earn extra miles with the DBS/POSB Power Up Your Travels and DBS 25 Million Miles Giveaway Promotions. T&Cs apply.
Everything you need to know about the upcoming changes to the World of Hyatt loyalty program - new milestone rewards, and more flexibility in the way you can use and transfer awards!
Card Members of The American Express Platinum Reserve Credit Card will not be receiving the S$100 Tower Club Singapore Dining Voucher from January 2024. The complimentary two-night stay at any participating Frasers Hospitality property will also be reduced to one-night.
Marriott Bonvoy is changing Suite Night Awards to Nightly Upgrade Awards from 2024.
Booked a luxury travel advisor rate recently? Here’s how you can attach your Marriott Bonvoy membership number to the reservation to earn points and nights on the stay.
Looking for the best eSIM for tourists on your next visit to Thailand? The dtac Happy Tourist eSIM allows you to stay connected the moment you land at just USD 9.90 (or USD 6.90 if you are new to Airalo) and it will also unlock free workout classes if you sign-up for a Classpass trial.