BOC SmartSaver

[pcmdan]

Ai yo! Has been getting abt $100 from OCBC 360 & $25 from its CC.

Jin Sian to switch out. Salary is also with OCBC 360. Need much planning to switch out.

previously b4 BOC changed

u would get $172 on interest alone.

Haven include Cc rebates

 

[xXxJavierxXx]

Seems like many of us have same amount

I have 61.15, 17.84, 40.77 also

But i also made near 10k debit card AXS but don't seem to have 0.1% rebates.

Is AXS excluded for debit card 0.1% also?

i have

81.27
60.95 (Salary)
20.33 (base interest)
0.80 (debit)

Total $163.35

I am not sure about whats the 81.27

 

[pcmdan]

i have

81.27
60.95 (Salary)
20.33 (base interest)
0.80 (debit)

Total $163.35

I am not sure about whats the 81.27

credit card spending lo

 

[vince123123]

The $81.27 is likely to be your interest from CC spending but for some reason your ADB is not exactly $60.00 hence the slight reduction.

The same also applied to your Salary.

i have

81.27
60.95 (Salary)
20.33 (base interest)
0.80 (debit)

Total $163.35

I am not sure about whats the 81.27

 

[Allen_C_Sharp]

i have

81.27
60.95 (Salary)
20.33 (base interest)
0.80 (debit)

Total $163.35

I am not sure about whats the 81.27

Your avg daily balance: 60.95x12/0.012=60950
So 81.27x12/60950=1.6% exactly matches to your cc spend bonus at least 1.5k/mth.

http://www.bankofchina.com/sg/bocinfo/bi1/201610/t20161031_7949946.html

 

[Allen_C_Sharp]

Seems like many of us have same amount

I have 61.15, 17.84, 40.77 also

But i also made near 10k debit card AXS but don't seem to have 0.1% rebates.

Is AXS excluded for debit card 0.1% also?

Only excluded for spend bonus, you should still get debit rebate 0.1% which is $10, may check your transaction details, mine was credited as 'Inward Transfer' on 1-Jan.

 

[jjonghae]

strange

i paid 3 bills but i didnt get the interest. only got this:
61.15
81.53
0.51

and i dont know what is this $0.51 interest. 3 bills should give me a $17 interest. Any one can advice?

 

[Trazora]

strange

i paid 3 bills but i didnt get the interest. only got this:
61.15
81.53
0.51

and i dont know what is this $0.51 interest. 3 bills should give me a $17 interest. Any one can advice?

Each bill must be min $30 via GIRO or Boc mobile/online banking bill payment function

 

[Allen_C_Sharp]

strange

i paid 3 bills but i didnt get the interest. only got this:
61.15
81.53
0.51

and i dont know what is this $0.51 interest. 3 bills should give me a $17 interest. Any one can advice?

U sure u paid 3x$30 bill instead of 3x$5 bill? The new change from Dec16.
$0.51 could be ur avg daily balance above 60k portion x 0.6% bonus interest.

 

[jjonghae]

Each bill must be min $30 via GIRO or Boc mobile/online banking bill payment function

sigh, thanks. forgot about that. paid 2 bills above $30, but the last bill only $5.


Anyway, any one knows if splitting a purchase by instalment i.e $500/mth qualifies for smartsaver cc interest rates?

 

[Allen_C_Sharp]

No, asked before, it won't.

 

[jjonghae]

No, asked before, it won't.

i just called. they said it's ok, as long as my credit card is charged min $500/mth

 

[Trazora]

i just called. they said it's ok, as long as my credit card is charged min $500/mth

Refer to TnC.

 

[jjonghae]

Refer to TnC.

Couldn't understand the tncs on unposted amount for instalment payment hence I called the customer service

Good that instalment payment on cc qualifies for snartsaver interest rates

 

[Trazora]

Couldn't understand the tncs on unposted amount for instalment payment hence I called the customer service

Good that instalment payment on cc qualifies for snartsaver interest rates

Yup. TnC explicitly says posted installment for ipp is eligible to count towards the $500 card spend for bonus interest.

 

[Allen_C_Sharp]

Ok, so the installment will not earn family card rebate but it will qualify for smart saver min $500 for bonus spend?

TnC for family rebate

2(a) The total spend by a Cardmember and cash rebate awarded per Account in one billing cycle are based on posted local and foreign retail transactions in that billing cycle, and excludes interest, annual fees, finance charges, cash advances, balance transfer, purchases made through Installment Payment Plans, Flexi-Balance Instalment Plan, Tax Payment Facility, IRAS processing fee, goods and services taxes, loading of prepaid accounts, cards and merchants (including EZ-Link and TransitLink), all fees charged by BOC or any other third parties (if any) and such other transactions as determined by BOC from time to time at its sole discretion.

 

[Trazora]

Ok, so the installment will not earn family card rebate but it will qualify for smart saver min $500 for bonus spend?

TnC for family rebate

2(a) The total spend by a Cardmember and cash rebate awarded per Account in one billing cycle are based on posted local and foreign retail transactions in that billing cycle, and excludes interest, annual fees, finance charges, cash advances, balance transfer, purchases made through Installment Payment Plans, Flexi-Balance Instalment Plan, Tax Payment Facility, IRAS processing fee, goods and services taxes, loading of prepaid accounts, cards and merchants (including EZ-Link and TransitLink), all fees charged by BOC or any other third parties (if any) and such other transactions as determined by BOC from time to time at its sole discretion.

Yes correct

 

[Allen_C_Sharp]

i just called. they said it's ok, as long as my credit card is charged min $500/mth

That is good, I was confused with family rebate, was told it does not earn family rebate if it falls within the 5% category e.g. Hospital, BEST etc.

 

[Allen_C_Sharp]

Yes correct

Thanks bro.

Found Boc more n more complicated ha...need to differentiate smart saver calendar spend and family statement cycle, and then installment one qualify for min spend another ineligible for rebates.

 

[jjonghae]

Btw just to let u all know, there are instalment charges incurred at 2 to 5%.

But based on my calculation, I could still earn some money despite paying extra charges