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DBS changed its Mutiplier plan

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Old 21-07-2019, 08:57 AM   #2431
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Cos if you sell SSB, money will be credited into your savings account from cdp. This direct crediting from cdp will be counted as investment. I've never tried this before, but this is according to my understanding. Recently when M1 got delisted, the amount being refunded into my savings account is also counted under qualifying transaction.

Anyone can elaborate how does it hasten?
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Old 21-07-2019, 09:22 AM   #2432
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Cos if you sell SSB, money will be credited into your savings account from cdp. This direct crediting from cdp will be counted as investment. I've never tried this before, but this is according to my understanding. Recently when M1 got delisted, the amount being refunded into my savings account is also counted under qualifying transaction.
I think delisting isn't the same as selling. Anyway it's for you to find out. Unless you are absolutely sure, better not put it here in case someone uses it and don't get to fulfill the conditions
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Old 21-07-2019, 09:24 AM   #2433
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Cos if you sell SSB, money will be credited into your savings account from cdp. This direct crediting from cdp will be counted as investment. I've never tried this before, but this is according to my understanding. Recently when M1 got delisted, the amount being refunded into my savings account is also counted under qualifying transaction.
If you do try it, do let us know if it works! Thanks!
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Old 21-07-2019, 03:11 PM   #2434
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Does buying and selling a stock worth 10k within a day. Does that count under the total eligible transactions for that month? Or I need to hold the stock and sell the next month?

Last edited by jona12; 21-07-2019 at 04:04 PM..
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Old 21-07-2019, 03:22 PM   #2435
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Does buying and selling a stock worth 10k. Does that count under the total eligible transactions for that month? Or I need to hold the stock and sell the next month?
Need to use DBS vickers.

I believe buying part is considered only
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Old 21-07-2019, 03:56 PM   #2436
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Does buying and selling a stock worth 10k. Does that count under the total eligible transactions for that month? Or I need to hold the stock and sell the next month?
can buy and sell on the same day, still counted (buy amount only)
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Old 21-07-2019, 04:48 PM   #2437
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can buy and sell on the same day, still counted (buy amount only)
must buy and hold.
cannot contra.
question 11 of the FAQ


Online Equity Trade
Q10) How will my equity trades be recognised?
Only “BUY” equity trades purchased via Vickers Online Trading or DBS Treasures Online Equity
Trading platform that have been fully settled using cash or funds from Supplementary Retirement
Scheme (SRS) account qualify as Eligible Transactions.

Q11) What are the transactions that do not qualify as eligible transactions?
The following transactions will not qualify as Eligible transactions: Contra trades, Sell trades, and
Electronic Payment for Shares (EPS).

Q12) What are the DBS trading platforms I can use for eligible online equity trades?
DBS Vickers Online Account, DBS Online Equity Trading



https://www.dbs.com.sg/iwov-resource...gramme_FAQ.pdf

Last edited by thierry; 21-07-2019 at 04:51 PM..
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Old 22-07-2019, 08:12 AM   #2438
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Just created DBS multipler. Starting my job soon.

Currently already have DBS fresh live STUDENT card (credit limit 500) only 0.3% cash back. Should I apply for another card like posb everday or dbs live or stick to my student version?

For investment category, after start work. I just need to buy SSB for consecutive 6 months den I would qualify for investment interest category for the next 10 years through dividends. Am I right?

Thank you
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Old 22-07-2019, 04:00 PM   #2439
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Hi all, I applied for credit card but got rejected? My monthly salary is credited to my DBS acc. I used MyInfo to apply.

Not sure how they used my cpf history to count my current salary. They should use my latest month one to count. But they calculated my current salary to be way below what I am earning. Any advice?
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Old 22-07-2019, 04:02 PM   #2440
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Hi all, I applied for credit card but got rejected? My monthly salary is credited to my DBS acc. I used MyInfo to apply.

Not sure how they used my cpf history to count my current salary. They should use my latest month one to count. But they calculated my current salary to be way below what I am earning. Any advice?
Don't use MyInfo in this case. Manually upload your CPF statement and 1-3 month payslip with your application, and it should go through. That's what I did too when I applied for my card and got approved.
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Old 22-07-2019, 04:05 PM   #2441
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Thanks...did u also face the same issue as me?

Because my cpf contribution amount is all different so far. Current salary is based on latest contribution.

Don't use MyInfo in this case. Manually upload your CPF statement and 1-3 month payslip with your application, and it should go through. That's what I did too when I applied for my card and got approved.
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Old 22-07-2019, 04:45 PM   #2442
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Hi all, I applied for credit card but got rejected? My monthly salary is credited to my DBS acc. I used MyInfo to apply.

Not sure how they used my cpf history to count my current salary. They should use my latest month one to count. But they calculated my current salary to be way below what I am earning. Any advice?
no worries
i credit salary into dbs account and use as salary reference also get rejected on ibanking.

Just bring your money elsewhere like ssb
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Old 22-07-2019, 05:16 PM   #2443
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Any idea why we get rejected? My salary is enough just that I only started working a few months

But I want to sign for credit card...hmmm

no worries
i credit salary into dbs account and use as salary reference also get rejected on ibanking.

Just bring your money elsewhere like ssb
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Old 22-07-2019, 05:16 PM   #2444
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Don't use MyInfo in this case. Manually upload your CPF statement and 1-3 month payslip with your application, and it should go through. That's what I did too when I applied for my card and got approved.
Same here, tried using MyInfo and got rejected, after manually uploaded payslip and CPF statement although it took a few weeks, it got approved eventually.
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Old 22-07-2019, 05:54 PM   #2445
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Yeahhh it changes my salary when I use MyInfo. Will try manual ltr

Same here, tried using MyInfo and got rejected, after manually uploaded payslip and CPF statement although it took a few weeks, it got approved eventually.
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