Saving & Spending
OCBC Points Devaluation: STACK Rewards to Increase Redemption Cost From 1st September
By Sethisfy  •  August 16, 2022
Those with OCBC reward points take note: come 1st September 2022, STACK Rewards (OCBC’s reward redemption portal) will increase the cost of redemptions for OCBC$, Travel$, and Voyage miles. This means that you would need more points to redeem items on Stack Rewards from next month onwards, effectively devaluing the points. Unfortunately, there isn’t any other info on how much more expensive things would be, so there is no indication how much the devaluation would be. This change is buried in the fine print of a marketing email sent today (15th August), and eagle-eyed CG from the chat group shared it with the group. What’s STACK Rewards anyway? STACK allows users of OCBC cards to convert points into a variety of items, gadgets, and vouchers. It also allows various other companies to list their reward points on the site, allowing conversion of points between loyalty programmes. It’s a neat idea for sure, but it doesn’t seem to have much...
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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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