Saving & Spending
Nerfed: Amaze Transactions to be Excluded From DBS Rewards From 1st June
By Sethisfy  •  May 1, 2022
A little over a month from now, DBS will be excluding all Amaze transactions from DBS Rewards. From 1st June 2022, transactions with the description “AMAZE*” will no longer be awarded DBS Points, as can be seen in the newly updated exclusion list: Instarem Amaze has been used for two main purposes thus far. One, it awards additional 1% cashback on the usual card rewards provided by the credit card. This means that users of DBS Woman’s World Mastercard could get as much as 2 DBS Points (or 4 miles) per dollar of spend, and still get an additional 1% cashback. Two, Amaze has been converting transactions to online ones, even when you spend physically at a brick-and-mortar retail outlet. This means that cards like Citi Rewards (safe for now) and DBS Woman’s World Mastercard (until June, that is) gets their high earn rates for transactions put through via Amaze....
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By Sethisfy
As an adult, I’ve been through many ups and downs in my career path and personal finance journey, not unlike many Singaporeans. From my years as a tied insurance agent turned independent financial adviser, I realised that there are very few sources of proper, unbiased financial advice for working adults to access. Worse, self-styled “financial consultants” are selling products like savings plans and ILPs to the detriment of the clients whose interests they were supposed to serve.
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