[sgd10m]

I have this long time question.
Is it worth to have NTUC member and plus! card?

[ndleng]

I believe it worth. I take up studies in MDIS for my honor and got a $500 rebate and now i believe it is $1000.

Credit Card is FOC as far as you are a member and you got other benefit too.

If you are in a unionized company, workplace protection come into play.

[ccssgm]

ndleng wrote:

I believe it worth. I take up studies in MDIS for my honor and got a $500 rebate and now i believe it is $1000.

Credit Card is FOC as far as you are a member and you got other benefit too.

If you are in a unionized company, workplace protection come into play.

Member $9 / mth
Non member also can apply Plus card

[osirisis]

member $9/ mth + 1 more mth fees at yr end i think

[The_Davis]

12 * $9 = $108

you get:

1) 4% rebate on any purchase (credited yearly to you)
2) plus credit card -> 10% rebate on housebrand items (supposedly got 500+ items)
3) $1 = 2 link points @ ntuc (about 1.33% )
4) cheaper redemption of items @ the linkpoint online store

[henrylbh]

ccssgm wrote:

Member $9 / mth
Non member also can apply Plus card

Plus card is not same as NTUC Plus card.

The most benefit I got from NTUC Plus card is the linkpoint that I get from buying and selling shares. Every $ = 5 linkpoints. When I use linkpoints to pay for brokerage, Lim Tan will give back 50% linkpoints used. The linkpoints earned in one year is enough to pay for several years' union fee

Since Feb 2009 I have collected 240,000 linkpoints from Lim Tan, credit card spending and purchases from NTUC fairprice. Besides every year I get 4% rebates on purchases from NTUC fairprice about $100+ dividend on fairprice shares.

Members also give some insurance coverage.

[digitalguy]

henrylbh wrote:

Plus card is not same as NTUC Plus card.

The most benefit I got from NTUC Plus card is the linkpoint that I get from buying and selling shares. Every $ = 5 linkpoints. When I use linkpoints to pay for brokerage, Lim Tan will give back 50% linkpoints used. The linkpoints earned in one year is enough to pay for several years' union fee

Since Feb 2009 I have collected 240,000 linkpoints from Lim Tan, credit card spending and purchases from NTUC fairprice. Besides every year I get 4% rebates on purchases from NTUC fairprice about $100+ dividend on fairprice shares.

Members also give some insurance coverage.

hi henry, would like to know how did you buy fairprice shares? Is it automatically given once you become ntuc member ? how to get the rebate 4%. so far i get only link points.

[henrylbh]

digitalguy wrote:

hi henry, would like to know how did you buy fairprice shares? Is it automatically given once you become ntuc member ? how to get the rebate 4%. so far i get only link points.

You need to fairprice member to enjoy the annual 4% or 5% rebate on total purchases during the year.

Now not sure how to be fairprice member.

I think you need to be union member or have ntuc life insurance policy to be fairprice member. But now I think max number of fairprice shares is 20 only at $1 each. When I bought insurance policy many years ago I also bought fairprice shares. I bought 1000 shares then and with bonus shares now got more than 2000 shares.

If you get because of insurance policy, the shares will be re-purchased from you when the policy expires or matures and you not longer a member. I no longer got insurance policy, but managed to retain the shares cause I joined the union just before my policy matured. My wife's policy matured and her 2000+ shares were repurchased by fairprice. That's was an oversight on my part.

Besides, linkpoints and annual rebates and dividend, fairprice or union members sometimes get additional upfront discount on certain purchases which public doesnt get.

[sgd10m]

NTUC used to have FairPrice Plus Personal Loan, so in this sense NTUC operates like a bank, but now this function transfered to OCBC, is this correct understanding?

[henrylbh]

sgd10m wrote:

NTUC used to have FairPrice Plus Personal Loan, so in this sense NTUC operates like a bank, but now this function transfered to OCBC, is this correct understanding?

Now there is NTUC Thrift & Loan for lending money.

[ccssgm]

Is all managed by OCBC

[Elvis_j_s]

The_Davis wrote:

12 * $9 = $108

you get:

1) 4% rebate on any purchase (credited yearly to you)
2) plus credit card -> 10% rebate on housebrand items (supposedly got 500+ items)
3) $1 = 2 link points @ ntuc (about 1.33% )
4) cheaper redemption of items @ the linkpoint online store

Correction.

Last month is double of the fee. is S18..

[sgd10m]

1) 4% rebate on any purchase (credited yearly to you)

-----------this is only for Fareprice purchase right?

[compro_1975]

sgd10m wrote:

1) 4% rebate on any purchase (credited yearly to you)

-----------this is only for Fareprice purchase right?

yup... for the first $20 rebate u will not get cos use to buy ur shares.... like my case, i just received the paper

[merlot6230]

sgd10m wrote:

I have this long time question.
Is it worth to have NTUC member and plus! card?

double confirm...not worth it.
i regret it but was force into it.
will cancel upon renewal which coming soon.