Author: WhatCard Blog

How much is a Krisflyer Mile worth?

@Glenn wrote: image.png1195×509 23.5 KB While the value of a cashback card is very obvious – you basically get “value” equals to the cashback rate, it is much more complicated to evaluate the value of miles cards because of the difficult question of determining “How much is a mile worth to me?”. This is especially important because there are many ways to legally “buy” miles. For example, DBS Altitude had a sign up promotion that gave 10,000 miles if you volunteered to pay the first year annual fee of $192.60 (which is usually otherwise waived) – meaning you can...

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Last day to get $350 for new-to-Citibank credit cardholders

@Glenn wrote: image.jpg925×467 128 KB Today marks the final day for new-to-Citibank credit cardholders to apply for the Citibank Cash Back + Card and be eligible for $350 sign-on bonus from Singsaver! Subsequently, the sign-on bonus will be reduced. The WhatCard team wrote a credit card review about this card on a few days back; currently this card is the best generic spending cashback card with 1.6% cashback on all spend, with no minimum spend. If you are interested to apply for the card, you may click on the link below: Sign up for the Citi Cash Back +...

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Budget 2020: Whats in it for you as an employee

@dexter.tiah wrote: As a Singapore taxpayer, I look forward to the annual Budget announcement every year to see what kind of “rebates” I get back. Here is a quick summary for WhatCard readers based on information from the Straits Times’ live blog (https://www.straitstimes.com/budget-2020-live-blog), summarized for you: If you are a Singaporean aged 25 and up, you get: $500 SkillsFuture top-up (available from 1st Oct and expiring in 2025, a.k.a. the next election year) $100-$300 cash If you are thinking of getting an electric vehicle either for personal or for your Grabcar commercial vehicle, you get: Rebate of up to...

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UOB One card will stop awarding rewards for Grab Wallet topup from 16 March

@Glenn wrote: The endless nerfing of GrabPay continues with everyone’s favourite cashback card going down the drain – UOB is changing the T&Cs for the UOB One card to now explicitly exclude Grab mobile wallet topup from 16 March 2020 We just heard about it today, but seems like the news came out 1-2 days ago in the form of an SMS notification: In addition, if you can also check out the latest UOB One card T&Cs you will also find a new clause indicating that Grab mobile wallet top-up transactions would also be explicitly excluded from the additional...

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WhatCard of the Week (WCOTW) 14 Feb: Citi Cashback + Card

@dexter.tiah wrote: Sign up for the Citi Cashback + Card today and get $350 cash bonus Citi Cashback + Card Key Features: Annual Fee: $192.60/year, first year waived Sign up bonus: $350 for new-to-bank customers via Singsaver if you apply between 14th to 19th February Earn rate: 1.6% on all spend Minimum age: 21 Minimum income: $30,000/year 14% discount at Esso stations: 5% Esso site discount + 5% Esso Smiles card discount + 4% Citi Card discount 14% discount at Shell stations: 5% Shell site discount + 5% Shell Escape discount + 4% Citi Card Discount Perhaps trying to...

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YouTrip/Revolut is no longer accepting GPMC for topup

@Glenn wrote: The stream of bad news surrounding GrabPay continues … In just the last week or so, we have heard and shared news about AXS being removed as a payment option, Amex Krisflyer cards no longer giving miles for GrabPay topup, and most recently an announcement of a major devaluation of the Grab Rewards program (article from the Milelion) Adding to this depressing obituary is the closure of what was probably our favourite GPMC strategy – the ability to topup your YouTrip with the GPMC, hence giving you an opportunity to get credit card rewards while topping up...

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Amex is excluding GrabPay topup from credit card rewards from March (except for Amex True Cashback)

@Glenn wrote: image.png1191×506 22.7 KB When Grab announced at the end of last year that it was launching a physical GrabPay MasterCard, it seems like that would mark the beginning of the end of the era of getting easy credit card rewards from various opportunities of using GrabPay to pay for daily expenses. Last week we had reported that GrabPay can no longer be used to pay for AXS bills, and this week more bad news arrived – Amex cards will no longer give rewards for GrabPay topup starting 1 March 2020. This change comes together with other updates...

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Does the MCO Visa Card live up to all its hype?

@Glenn wrote: image.jpg1029×602 105 KB The MCO card comes in the a number of different tiers to pick from, with a different colour each Among the newer, unconventional cards that are available for Singaporeans today (e.g. GrabPay Mastercard, YouTrip, and Transferwise card) the MCO Visa Card is probably still quite a bit less well-known, and yet we have also seen and heard quite a bit of interest about it, with its really impressive marketing of up to 5% cashback, 10% rebates on Airbnb & Expedia, and 100% cashback (you read that right) on Netflix on Spotify. The Travel Intern...

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3 questions you should have answered, before you start investing

@dexter.tiah wrote: From time to time, we get requests from friends and family on what they should invest in for them to be a step closer towards financial freedom (even though we spend most of our time thinking and writing about credit card rewards ). Our friends and family are sometimes skeptical of the recommendations from their financial advisors, as well as what they might have read online or heard from other friends, and wanted to hear our opinions. Before thinking about what to invest in, we would usually recommend that people first get a better understanding about why...

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AXS has quietly removed the GrabPay payment option

@Glenn wrote: In what is probably the final nail in the coffin for the AXS-GrabPay strategy that let you get up to 10% cashback on all your AXS bill payments, we found out today that AXS has finally removed the GrabPay option from the list of options that appear in the payment mode selection screen of the app. WhatsApp Image 2020-01-11 at 23.07.06.jpeg778×1600 65.4 KB Screenshot of the payment option page from the latest version of the AXS mobile app. The GrabPay option is no longer shown. For those of you who have been following this story, you will...

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3 CPF schemes young adults should know about

@GuestContributors wrote: This article is a guest contribution from our friends over at Investment Stab Image 1.jpg720×720 80.4 KB CPF, in short for Central Provident Fund, is a “social security system that enables working Singapore Citizens and Permanent Residents to set aside funds for retirement. It also addresses healthcare, homeownership, family protection and asset enhancement.”. Source: https://www.cpf.gov.sg/Members/AboutUs/about-us-info/cpf-overview This is quoted from the CPF website and as defined by CPF. While most people would think that CPF is only for old people, youngsters should definitely not neglect it. This is especially true due to the magic of compounding interest. So...

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WhatCard’s 2019 Card of the Year Award!

@dexter.tiah wrote: coty.jpg1495×1036 187 KB As we wrap up 2019, we decided to do a light-hearted touch on some of the major stories in Singapore’s credit card space to recognise the hard work done by others to launch new cards in Singapore as well as new optimization strategies. There are 6 awards for grabs, and after much deliberation between ourselves we are proud to present here the winners! 2019 Card Winner’s Podium #1 The Epic Fail Card Launch Award …and the winner is…the Standard Chartered X Card! The X Card had a memorable pre-launch, emerging mysteriously with just a...

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A workaround for paying bills with GrabPay Credits

@Glenn wrote: image.png1050×446 19.8 KB When AXS/Grab made a sudden change 4 days ago to stop accepting GrabPay and GPMC as valid payment methods for AXS bills it created a huge issue for many credit card users who had topped up their GrabPay credits in anticipation of upcoming bills – an especially big problem for UOB One card users who would have stored up credits to hit the minimum monthly spends in preparation for upcoming bills. We ourselves have been hit with this issue, and have been trying out over the past few days various different options to get...

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YouTrip, Transferwise, Revolut, DBS MCA – How do you choose a multi-currency wallet?

@Glenn wrote: image.png1193×506 21.7 KB Singapore is one of the most well-travelled countries globally, with Visa research showing that an average Singaporean traveller takes more than four leisure trips a year, compared to the global average of 2.5. While the numbers are huge, this is probably no surprise given that we are a tiny country surrounded by relatively lower cost travel destinations that make for great vacation getaways! Given this, Singaporeans often need to keep and transact in foreign currencies, whether that is by changing money at a moneychanger at The Arcade or simply swiping your credit cards while...

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AXS has (for now) stopped accepting GrabPay

@Glenn wrote: Those of you have been following this blog will know that we were one of the first to break the story back in August regarding the opportunity to get up to 10% cashback/3.2 MPD on all your regular bill payments by using the AXS mobile app and paying via GrabPay – if you are not aware of this you can check out the full article here However, as of today (16 Dec) we started getting reports and also personally tested out ourselves that the AXS mobile app is currently not accepting payments directly via Grab Pay anymore....

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