In my previous review of “How I Maximise the DBS Multiplier Account Interest Rate after 1 Aug 2020”, I revealed that I managed to unlock the insurance category by purchasing CancerCare. This allowed me to unlock a total of 4 categories (the others being salary, home loan instalments, credit card spend). Unlike the other categories, DBS Multiplier only recognises the insurance category for the first 12 months. Determined to preserve this category going forward, I researched online to find more information and thankfully, my effort was not in vain. This allowed me to continue to use the DBS Multiplier Insurance category hack to enjoy higher interest.
THE DBS MULTIPLIER INSURANCE CATEGORY HACK EXPLAINED
Prior to my research, I had several misconceptions which have since been dispelled.
1) YOU CAN USE THE SAME POLICY TYPE TO UNLOCK THE INSURANCE CATEGOR
To my surprise, one can continue to purchase the same policy to continue to unlock the insurance category....