Wah uncle how old? Dont buy all spare some for us...
MAS will issue the SSBs every month.. so don't worry
Wah uncle how old? Dont buy all spare some for us...
I beg to differ
if the saver were to aim for a higher tier interest (better than SSB) from ocbc360 and uob account, he need to spend at least $500 on both bank's credit card.. this alone is a tall order for many people
I respectfully disagree too. Say you've $50k. You just need to concentrate your spending on one Credit Card to achieve the min $500 requirement.
This can include all your telco bills, utilities bills, insurance (for UOB), gym membership, dining (pay when dining with your friends).
$500 is not a "tall" order. You could also pay more bills on one month and skip the next.
Even without the $500 spending on CC, you can easily achieve 1.75% on your balances (which is higher than 1 year of SSB and slightly higher than a 5 year SSB?). We mustn't forget the compounding effect of the two instrument (one being a monthly payout, the other semi-annually - both compounded)
But of course, to each its own
do u all know that when u swipe the credit card, the merchant has to pay 1-5% of the total sale to the financial company?
in the end, banks win
Yes.. Even nets has a sales charge but at a much lower %.
Yes.. Even nets has a sales charge but at a much lower %.
LOL, do u know who owns NETS ma???
vested in them hahahaha
ok la don't tease u
the 3 local banks they own the NETS system
vested in OCBC and UOB
do u all know that when u swipe the credit card, the merchant has to pay 1-5% of the total sale to the financial company?
in the end, banks win
When you swipe the credit card, MA and V very happy, I also very happy.
sometimes take taxi.. the uncle damn **
dun allow card, dun allow nets... cause they dun want bank to eat their fees...
the taxi uncle die die want cash only... make ppl sibei dulan
Actually I think there is no loss for the taxi uncle side leh.
The CC charges are incurred by the taxi companies. The taxi companies counter it by passing it directly to the consumers by charging a 10% surcharge (at least by CDG)
The more probable reason for taxi uncles to reject card payment is because they cannot take the money immediately.. Payment by cards probably take abt 1-3 days before they can claim back from their respective companies
When you swipe the credit card, MA and V very happy, I also very happy.
btw the new apple pay, do u feel its a threat to your MA and V ma?
often I see youngsters keep bragging about their discounts and cash rebates from using credit cards... LOL
many of them think that money drops from the sky... actually all these perks comes from their own pockets.. its just a cutback from the $$ leeched from the merchants...
if really wanna save $$, can always speak to the merchant and buy in bulk via cash, can get the real discounts
example at Challenger stores, u can ask the counter person for corporate rates if buying bulk items
I don't think this applies to the average consumer (we are not merchants/suppliers). You mean you go challenger and buy a toner can get discount by paying cash?
You mean by paying cash at Sheng Siong you get it cheaper? Nope, POSB Everyday card gives you 5% discount.
So yes, discounts is there, discount is true. I don't think its an illusion or something that's worth laughing leh...
If one knows how to use, it's good to have credit card.
Example, for my travel I use POSB everyday card as ez-link card, every top up earns $1 which is = 2% savings. Everything I pay by ezlink can get 2% rebate. It's a credit card+ezlink combo. That's just 1 of the savings.
The other one is the delayed payment which means you can earn 1 month of interest for that $$ you spend. It might not seem much but every month earn a few % interest of what you spend, add up also not bad de, especially for big spenders.