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DBS changed its Mutiplier plan

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Old 14-07-2019, 02:22 AM   #2371
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what stock to buy this month using dbs vickers?
for investment category ?
If u dunno what to buy, buy sti etf but dun buy too much. Haha
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Old 14-07-2019, 08:57 AM   #2372
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Can we see the Bank and Earn on the mobile app?
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Old 14-07-2019, 09:16 AM   #2373
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It means that investment directly with DBS/POSB will only be recognized as 'investment' in DBS Multiper acct for the first 12 months. Take myself as an example. I am currently paying $100 to invest in POSB IS. It will be counted in DBS Multipler as 'investment' and allowing me to meet the conditions fo higher interest. On the 13th month onward this $100 investment is no longer qualifying as 'investment' in DBS Multiper. I would need to buy something else to qualify. Some here in this thread will toogle their investment every 12 months so to qualify them as 'investment'. The more effective way is to build the SSB ladder. Because dividends are recognized as investment with no time restriction.

thanks, any idea what this mean? T&C from dbs multiplier site

Monthly contribution amount for Unit Trust Regular Savings Plan and/or POSB Invest-Saver will be recognised for the first 12 consecutive contributions per investment fund
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Old 14-07-2019, 09:39 AM   #2374
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Thanks Slowdown for the information. Wasn’t aware of this.
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Old 14-07-2019, 11:02 AM   #2375
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This seems like a silly question but it is my first time applying for credit card. When I pay using nets/paywave on my credit card, I will get the payement statement end of month right regardless of nets/paywave/visa?

Regardless of payment method (paywave/visa) is still counted as my credit card eligible spend?

Last edited by MrRainbow; 14-07-2019 at 11:06 AM..
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Old 14-07-2019, 11:24 AM   #2376
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Paywave and Visa transactions will be counted to the credit card spend. NETS transactions using the CC will not be part of CC spending since it debits your bank account directly.

NETS transactions using CC will appear in your bank account statement and not CC statement.
This seems like a silly question but it is my first time applying for credit card. When I pay using nets/paywave on my credit card, I will get the payement statement end of month right regardless of nets/paywave/visa?

Regardless of payment method (paywave/visa) is still counted as my credit card eligible spend?
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Old 14-07-2019, 11:28 AM   #2377
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I have just open the account online. Must I make a deposit $3000 to avoid fall below fee in this month of Jul? Or I can wait until 1st Aug to make the $10K deposit for the DBS points 5000 promo?
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Old 14-07-2019, 11:59 AM   #2378
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i bought the insurance for $14++

as least can use as one category
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Old 14-07-2019, 12:03 PM   #2379
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I have just open the account online. Must I make a deposit $3000 to avoid fall below fee in this month of Jul? Or I can wait until 1st Aug to make the $10K deposit for the DBS points 5000 promo?
I believe the fall below fee goes by monthly average balance, so as long as your monthly average balance is above 3k they wont charge the fall below fee (below 29 years old also waived)
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Old 14-07-2019, 12:07 PM   #2380
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It means that investment directly with DBS/POSB will only be recognized as 'investment' in DBS Multiper acct for the first 12 months. Take myself as an example. I am currently paying $100 to invest in POSB IS. It will be counted in DBS Multipler as 'investment' and allowing me to meet the conditions fo higher interest. On the 13th month onward this $100 investment is no longer qualifying as 'investment' in DBS Multiper. I would need to buy something else to qualify. Some here in this thread will toogle their investment every 12 months so to qualify them as 'investment'. The more effective way is to build the SSB ladder. Because dividends are recognized as investment with no time restriction.
Note that there is still time restriction which is 10/20 years (depending on which type of SSB u bought)
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Old 14-07-2019, 12:25 PM   #2381
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Note that there is still time restriction which is 10/20 years (depending on which type of SSB u bought)
By the time this product (multiplier acc) maybe no more or comes with other t&cs.
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Old 14-07-2019, 01:28 PM   #2382
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I do not have a house so basic mortgage protection is not for me. Which is the next cheapest insurance to buy?
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Old 14-07-2019, 01:32 PM   #2383
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Anyone is a card holder of DBS live fresh credit card? Isit good?
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Old 14-07-2019, 01:43 PM   #2384
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Anyone is a card holder of DBS live fresh credit card? Isit good?
I am using it now after I stopped my cimb cards. Seems easy to fulfill for min 600 with paywave and online
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Old 14-07-2019, 01:45 PM   #2385
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What if I don’t meet the minimum spending requirement for a certain month?

Do you also get your annual fee waived ?

I am using it now after I stopped my cimb cards. Seems easy to fulfill for min 600 with paywave and online
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