American Express Everyday Spend 10% Rebate Promotion

Another awesome promotion for American Express card holders. This promotion is open to Amex cards issued by American Express International, DBS and UOB only. Just need to log on to the link by clicking here

Input your credit card no. and particulars to qualify. Offer ends 31st August 2016. Do note that this is strictly for groceries spending. Every $50 you spend on the card you will get $5 rebate. Max rebate per card is $30. Which means you can spend $300 to get a $30 rebate.

Do also note that you can register multiple Amex card for this promotion. If you register two Amex cards that is equivalent to $600 spending with a $60 rebate(10%).

I have registered two cards and will most likely buy $600 worth of ntuc vouchers to get $60 cash back. Not sure whether this promotion can be stacked with the existing card promotion(True cash back card). Guess I will have to try to find out.

Do note that max rebate per card member is $180, which means the cap for each person is 6 amex cards($30 rebate each).

Samsung Pay Attractive Rebates

Just as we thought only Apple users get rebates, now Samsung Pay has come out with their own rebate promotion:

DBS/POSB Credit Cards: 

Just tap 3x with Samsung Pay to get a $10 cash back from now till 15th September 2016. Do note the accumulated minimum is $40 and its only for the first 20,000 POSB/DBS cardmembers. You can view the full tnc here. This is a good promo as you are effectively getting 25% rebate for your spending.

OCBC Credit Cards:

5% cash rebate for using OCBC credit cards. Promotion starts 16th June 2016 to 31st Aug 2016 or until the $200,000 rebate amount is fully redeemed. The total rebate per customer will be capped at $15. Not a very attractive rebate in my view. You can view the full tnc here.

SCB Credit Cards: 

Promotion starts 16th June 2016 to 16th July 2016. Get 20% cash rebate(cap at $50) when you pay using Samsung Pay with SCB credit cards. Only eligible for the first 5,000 transactions. This means you will need to quickly make a $250 payment using Samsung Pay. As max amount per transaction is $100, you can go to NTUC and make a $100, $100, $50 payment for NTUC vouchers to get $50 cash back. A very good deal in my view. Full tnc here.

Citibank Cards: 

Promotion starts 16th June 2016 to 31st Dec 2016. You will get accelerated earn via Citi dollar, Citi mile. Cash back, Citi rebate, SMRT dollars. Full tnc here. I don't really use Citibank cards as I find them very limited in their cap spending. I always tend to find better card replacements for them. My view.

Samsung Pay: 

Promotion valid from 16th June to 29th June while stock list.Get a free Samsung wireless charging stand worth $98. Limited to first 500 users per week. Full tnc here.

I don't own a Samsung phone, but judging from the promotion in descending order of attractiveness, I would put SCB first then DBS/POSB then OCBC. Do note that the rebates are also stack-able with existing credit card rebates. Happy tapping!

Best Overseas Credit Cards For 2016

Its the month of June and many of you might be thinking of traveling overseas. Here is a list of the best cards to bring along for this year. For overseas credit cards, we cannot just look at the cash rebate, we have to also look at the forex charges and the individual visa/mastercard/amex charges to compare.

BOC Family Card:

Many do not know that BOC family 7.5% rebate applies to overseas dinning too(0.5% for non dinning overseas spending as well). Do note however there will be a 2.5% forex fee incurred. Which means if you spend a min of $500 and above on overseas dinning, you will get an effective 5% rebate.

CIMB Master Platinum Card:

CIMB Master Platinum is the only overseas travel rebate card that gives a 1.4% rebate on bank fees with no min spending. Which means CIMB will charge upfront 2.4%(1.4% bank fee and 1% visa/mastercard fee) and rebate the 1.4% after, which effectively mean there is only a 1% charge for forex. In addition to this, if you spend min $500 with eight $30 transactions, you will get a 10% rebate(cap at $60). Which means its best to spend $600 to get the max $60 rebate. When you are booking for a hotel at the counter overseas, you can ask the hotel staff to swipe your card 8 times(min $30 for each transaction) to ensure you get the 10% rebate. This means if you spend $600 on hotel booking overseas and did 8 transactions you will get an effective rebate of 9.2%(0.2% default cashback as well). I personally do not have this card, but will most likely apply when I am travelling.

American Express True Cash Back Card:

I have recently applied for two card, American express true cash back and DBS World Woman Mastercard(will cover this in future post). The 2.5% forex rate  charge still applies and you have to bear in mind that not many places accepts amex. There are giving 3% cash rebate for the first 6 months(cap at $5000 per month). So I believe this is still usable overseas if you recently applied as 3% - 2.5% gives you a net of ard 0.5% rebate on high cap spending(haven't include the 5-6% over spot rate charge).

UOB Visa Signature Card:
This card will be another high general spending overseas card. You earn UNI$10 for every $5 overseas spending subject to a min of $1000 spending per statement date. The cap per statement date is UNI$4000. That is equivalent to 5% cash rebate(If you convert all your UNI$ to cash rebate). If you take into account the 2.5% forex fee and the premium they charge over spot rate, the effective rebate could be around 1.5% only.

Always take note of the forex charges and the individual currency spot rate(dependent on the country you are travelling to and the card). So the best cookie cutter strategy is to bring along all 4 cards. Spend on food using BOC family, Hotels and air tickets using CIMB platinium master and general spending using UOB Signature Visa or Amex true cash back. Do take note of their min spending and cap too. Happy travelling.