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DBS changed its Mutiplier plan

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Old 10-07-2019, 09:19 AM   #2326
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Yes, only 0.05%. There are tons of other bank accounts which gives you 1-2% without having any requirements (eg. CIMB fast saver, Maybank iSavvy etc). Why not park your spare cash over there? Unless you are expecting to use them in the next few days...
I'm not sure when I will use it.. depend on the market.. I do have a maxigain account but I can't transfer it there without dropping the counter once I need to use the funds..
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Old 10-07-2019, 09:41 AM   #2327
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If I have a multiplier account, but my salary is credit to my other POSB account, will I still be considered as fulfilling the salary criteria?
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Old 10-07-2019, 09:53 AM   #2328
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If I have a multiplier account, but my salary is credit to my other POSB account, will I still be considered as fulfilling the salary criteria?
Yes.

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Old 10-07-2019, 11:19 AM   #2329
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Thanks. Can I spend on debit card or have to apply for a credit? I don’t spend much and The annual fee is expensive

Yes.

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Old 10-07-2019, 12:01 PM   #2330
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Thanks. Can I spend on debit card or have to apply for a credit? I don’t spend much and The annual fee is expensive

Most people if not all don't pay annual fees for their credit cards
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Old 10-07-2019, 12:02 PM   #2331
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Thanks. Can I spend on debit card or have to apply for a credit? I donít spend much and The annual fee is expensive
You need credit card for bonus interest. Just call for auto waiver when charged annual fee. I have never been denied waiver from DBS
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Old 10-07-2019, 01:36 PM   #2332
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Thanks. Can I spend on debit card or have to apply for a credit? I don’t spend much and The annual fee is expensive
Apply DBS SAFRA Card, no annual fee as long you are SAFRA member.
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Old 10-07-2019, 01:47 PM   #2333
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Apply DBS SAFRA Card, no annual fee as long you are SAFRA member.
That itself has annual fee
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Old 10-07-2019, 02:11 PM   #2334
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That itself has annual fee
There's also another option but requires large amount of funds to be deposited.

Put $350,000 inside DBS account, apply for DBS Treasures, and then apply for the DBS Treasures AMEX credit card. Annual fee is waived perpetually (don't have to call or apply for fee waiver).
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Old 10-07-2019, 02:12 PM   #2335
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Do I need to spend a certain amount for the waiver of annual fee?

You need credit card for bonus interest. Just call for auto waiver when charged annual fee. I have never been denied waiver from DBS
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Old 10-07-2019, 02:47 PM   #2336
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There are so many posb n DBS credit cards... when it's time for annual fee, just cancel it and apply another one. I think posb everyday card has 5 yrs of fee waiver.

Thanks. Can I spend on debit card or have to apply for a credit? I don’t spend much and The annual fee is expensive
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Old 10-07-2019, 04:24 PM   #2337
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There's also another option but requires large amount of funds to be deposited.

Put $350,000 inside DBS account, apply for DBS Treasures, and then apply for the DBS Treasures AMEX credit card. Annual fee is waived perpetually (don't have to call or apply for fee waiver).
That makes absolutely no sense. Why tie up 350k just so you don't have to call and press some buttons to get a waiver once a year?
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Old 10-07-2019, 04:26 PM   #2338
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Do I need to spend a certain amount for the waiver of annual fee?
No need. I have a card that I never charged a single cent to and they continue to waive the fees every year. Why worry so much. Apply and use. If they don't approve your waiver just cancel. They can't charge you the fee if you cancel because first year is always free
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Old 10-07-2019, 06:06 PM   #2339
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Thanks hahaha. Only afraid second year they don’t approve waiver and I have to pay the fee before I cancel anyway..

No need. I have a card that I never charged a single cent to and they continue to waive the fees every year. Why worry so much. Apply and use. If they don't approve your waiver just cancel. They can't charge you the fee if you cancel because first year is always free
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Old 10-07-2019, 06:25 PM   #2340
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Thanks hahaha. Only afraid second year they don’t approve waiver and I have to pay the fee before I cancel anyway..
Even if they charge you annual fees on 2nd year, u can always call in to get waive it. If waiver really not approve for whatever reason, just get them to cancel and reverse out the annual fees.

No one pay for annual fees nowadays.
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