DBS Enhances Multiplier Account (up to 3.8% p.a.) for Savings up to S$100K

Gone are the days in Singapore where your savings accounts only attract a 0.05% p.a. interest rate. While I have always advocated the use of OCBC 360 for a young working adult, the newly-enhanced DBS Multiplier Account looks comparatively attractive now that I have greater expenses and commitments. The bonus interests applicable to the DBS Multiplier Account is capped at S$100,000 (S$30,000 more than the OCBC 360) but more importantly, it rewards you based on the total value of eligible transactions each month.

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Convert DBS Points into Qantas Points and get 20% Bonus - until 30 June 2019!

Earlier this month, I wrote about the opportunity to convert your DBS Points into Qantas Points and if you are planning to do so, you can now earn 20% more Qantas Points on transfers between 15 April 2019 and 30 June 2019. 5,000 DBS Points typically convert into 10,000 Qantas Points but under this promotion, you will be getting 12,000 Qantas Points instead.

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You Can Now Convert Your DBS Points into Qantas Frequent Flyer Points - Where Could You Go?

Most credit cards points and equivalent miles convert mostly to KrisFlyer (KF) Miles and Asia Miles (AM) in Singapore. It appears that DBS has added Qantas Frequent Flyer (QFF) as a Point Transfer Partner - members can convert their DBS Points into QFF Points at the same rate as KF and AM (5,000 DBS Points = 10,000 Miles).

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DBS Lunar New Year 2019 Promotion - Get up to S$128 Voucher or Cash Credit (3% Cashback on Top of Miles!)

Log-in to your DBS Lifetyle App and sign-up for the Lunar New Year 2019 Promotion to get up to S$128 back in voucher or cash credit. All you have to do is to be amongst the first 15,000 principal cardholders to successfully register participation via the app and hit the personalised spend goal by 03 March 2019 to trigger your tailored reward.

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Check Your Bonus Points on DBS Altitude Card - Online Hotel & Travel Spend NOT Getting 3 Miles per Dollar!

I personally recommend the DBS Woman's World Mastercard (WMC) and DBS Altitude Card combo if you typically charge a lot of online travel expenses to your card - I personally max out the S$2,000 bonus each month on the WMC and charge the remaining online hotel and travel expenses to my DBS Altitude Card (up to S$5,000) for the rest of the statement period. Now, DBS advertises 3 miles per dollar on the DBS Altitude Card and if it is charged in SGD, you will earn 1,2 miles (in equivalent DBS Points) at the time of posting and the rest in the following month (usually on the 16th unless it is not a business day). However, I realised that over S$4,000 of my expenses in the previous month did not earn any bonus DBS Points (even though they are all online hotel expenses!).

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Travelling to US Next Year? Earn 2.5% p.a. interest and Lock-in Attractive Rates for USD Transactions in 2019

If you are planning to travel to the US next year, it may be a good idea to lock-in attractive USD/SGD rates well before your trip - especially when the DBS Multi-Currency Account (MCA) is offering a promotional interest rate of 2.50% p.a. from September to December 2018 on eligible fresh funds deposited in the account. The MCA comes with a range of different benefits, so if you are expecting to transact in USD in the year ahead, you will probably want to take advantage of this promotion to lock-in the attractive interest rates and save up for your upcoming expenses in the meantime.

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