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SCB SingPost/Spree Card

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Old 02-02-2015, 07:59 AM   #61
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this card got the potential to replace my Citibank SMRT and OCBC Frank...
hahaha, it already replaced my citi smrt and POSB everyday (shengsiong),
I forgot it is based on statement cycle and not calendar mth, hahaha, charged min liao for Feb, need to do it again after statement cycle end, hahaha
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Old 02-02-2015, 08:52 AM   #62
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this card got the potential to replace my Citibank SMRT and OCBC Frank...
Replaced my ocbc frank.
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Old 02-02-2015, 09:32 AM   #63
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I found it odd that the 'local S$' cashback is so little while their overseas spending cashback is huge.

From the SCB online trading thread, we know that their Forex rate is not so favourable.


While they advertise 7% rebate for online transactions like Amazon, the important question is whether their Exchange rate is worse or better than other credit cards.
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Old 02-02-2015, 09:45 AM   #64
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Yes the exchange rate is not very good. I used it once on iherb coz I fully utilised my frank and BOC. I think its like 0.02 higher than the other banks' rate. I might be wrong though, better check with those with exact percentage.

I found it odd that the 'local S$' cashback is so little while their overseas spending cashback is huge.

From the SCB online trading thread, we know that their Forex rate is not so favourable.


While they advertise 7% rebate for online transactions like Amazon, the important question is whether their Exchange rate is worse or better than other credit cards.
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Old 02-02-2015, 09:58 AM   #65
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Their admin charges for forex is 1% more than most other banks.
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Old 02-02-2015, 10:07 AM   #66
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According to the SMRT card terms and conditions, the admin charge for forex is 2.5% (0.8% for DCC) which is the same as for Frank:
https://www.citibank.com.sg/global_d..._Agreement.pdf
Clause 6.9 (c)

I think the forex rate is determined by VISA not the bank.

Recently the USD has strengthened vs Sing $ so you would think that you have an unfavourable rate but in the few days between transaction date and posting date, the USD rate could have gone up.
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Old 02-02-2015, 10:13 AM   #67
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According to the SMRT card terms and conditions, the admin charge for forex is 2.5% (0.8% for DCC) which is the same as for Frank:
https://www.citibank.com.sg/global_d..._Agreement.pdf
Clause 6.9 (c)

I think the forex rate is determined by VISA not the bank.

Recently the USD has strengthened vs Sing $ so you would think that you have an unfavourable rate but in the few days between transaction date and posting date, the USD rate could have gone up.
yap. see last wednesday. there is a spike down for SGD.
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Old 02-02-2015, 10:51 AM   #68
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SC SingPost gives discount on shipping though..
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Old 02-02-2015, 12:55 PM   #69
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According to the SMRT card terms and conditions, the admin charge for forex is 2.5% (0.8% for DCC) which is the same as for Frank:
https://www.citibank.com.sg/global_d..._Agreement.pdf
Clause 6.9 (c)

I think the forex rate is determined by VISA not the bank.

Recently the USD has strengthened vs Sing $ so you would think that you have an unfavourable rate but in the few days between transaction date and posting date, the USD rate could have gone up.
OCBC is 2.8% and SCB is 3.5% so these 2 banks does have overall worse rate compared to the rest.
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Old 03-02-2015, 08:55 PM   #70
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Today receive the card, quite disappointed:
1. The new card still no paywave function as my old card, which means I cannot paywave at ntuc n cs, troublesome.
2. Letter t&c mentions: Transactions (insurance, utilities, ezlink n online bill payments) but not limited to are NOT qualifying transactions.
Which means, ezlink topup n pay telco bills will not earn u 7%. I thought the other time saw their site did not exclude these leh?
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Old 03-02-2015, 09:13 PM   #71
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Today receive the card, quite disappointed:
1. The new card still no paywave function as my old card, which means I cannot paywave at ntuc n cs, troublesome.
2. Letter t&c mentions: Transactions (insurance, utilities, ezlink n online bill payments) but not limited to are NOT qualifying transactions.
Which means, ezlink topup n pay telco bills will not earn u 7%. I thought the other time saw their site did not exclude these leh?
use OCBC Frank for flashpay ATU and telco bills and some online transaction to get 6% rebate..

use the SCB SingPost strictly for grocerries and Amazon...
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Old 03-02-2015, 09:23 PM   #72
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Today receive the card, quite disappointed:
1. The new card still no paywave function as my old card, which means I cannot paywave at ntuc n cs, troublesome.
2. Letter t&c mentions: Transactions (insurance, utilities, ezlink n online bill payments) but not limited to are NOT qualifying transactions.
Which means, ezlink topup n pay telco bills will not earn u 7%. I thought the other time saw their site did not exclude these leh?
Can share the letter? I didn't see it in my package leh. Utilities also no cash back wah lau
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Old 03-02-2015, 11:12 PM   #73
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Can share the letter? I didn't see it in my package leh. Utilities also no cash back wah lau
Bro~ I dunno how to upload pic leh...It's 1 piece of A4 letter with subject "Important Information Document for Singpost cc..." When did u receive ur card? How come u don have, is it customized for me only to exclude online bill payment
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Old 03-02-2015, 11:27 PM   #74
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I think this is the one..



But not sure when they say not qualifying transactions, are they referring to points (a) through (d) or only point (d) i.e. the 0.25% rebate
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Old 04-02-2015, 12:04 AM   #75
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Bro~ I dunno how to upload pic leh...It's 1 piece of A4 letter with subject "Important Information Document for Singpost cc..." When did u receive ur card? How come u don have, is it customized for me only to exclude online bill payment
I got it last week didn't see this. Sibeh stingy this bank. Exclude until no rebates one. At least frank gives 0.5%.

Now I wondering should I use it to buy phone on SingTel shop or not?
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