BOC SmartSaver

[RedsYWNA]

yes, confirm counted... sshh...

I tried with Revolut, not counted.....Strange bcos I thought youtrip & revolut will have the same MCC.

 

[Trazora]

I tried with Revolut, not counted.....Strange bcos I thought youtrip & revolut will have the same MCC.

Revolut mcc 6012
Youtrip mcc 6540

 

[stsilverbullet73]

gona take a chance and open this

hopefully can sustain the interest for 1q

 

[chia0127]

A concise summary of the various savings account rates in the market now:


https://therantingpanda.com/2020/06...020-get-the-highest-interest-on-your-savings/

 

[pcmdan]

I tried with Revolut, not counted.....Strange bcos I thought youtrip & revolut will have the same MCC.

thankfully is different MCC, otherwise everyone will just top up and route back to bank account.

 

[Squaredot]

I never see this "spend today, posted today", they need at least 1 day
this is not debit card

also never seen "spend today post today" for debit cards.

 

[demoforce1]

also never seen "spend today post today" for debit cards.

usually debit card goes by transaction date, instead of posting date

 

[yiwei]

Revolut mcc 6012
Youtrip mcc 6540

Isn't 6012 financial institutions, not in the excluded transactions list right?

 

[Trazora]

Isn't 6012 financial institutions, not in the excluded transactions list right?

Probably associated with the bank fees and charges.

 

[ekardo]

usually debit card goes by transaction date, instead of posting date

Exactly. If the advert spend $500 in a month. Not post $500 in a month.

Will try to call them Tomolo for this $40.

 

[Trazora]

Exactly. If the advert spend $500 in a month. Not post $500 in a month.

Will try to call them Tomolo for this $40.

Should read the TnC instead.

 

[Trazora]

usually debit card goes by transaction date, instead of posting date

Hmm. Which debit card go by transaction date other than DBS?

 

[demoforce1]

Exactly. If the advert spend $500 in a month. Not post $500 in a month.

Will try to call them Tomolo for this $40.

are you on debit or credit card?

 

[maple96]

Exactly. If the advert spend $500 in a month. Not post $500 in a month.

Will try to call them Tomolo for this $40.

Let me explain how a debit card transaction works:

1. When u charge to your debit card, the bank will earmark the amt by reducing the available balance in your account. The bank pay interest based on current balance.
2. Once the merchant claim the amt (ie settled), the bank will post the transaction in your account, then deduct amt from current balance.

It is not considered spent until it is posted and deducted from the current balance.

The bank cannot pay u interest twice.

 

[maumu]

what's the likelihood that BOC is going to drop their rates ah? from those who've had this account for years.

worried that after I jumped in, they dropped the rates and then lugi even more than before...

 

[maple96]

what's the likelihood that BOC is going to drop their rates ah? from those who've had this account for years.

worried that after I jumped in, they dropped the rates and then lugi even more than before...

enjoy while it last, dun procrastinate on something which is not within your control. Most banks started cutting in April/May, no news is good news.

 

[maumu]

enjoy while it last, dun procrastinate on something which is not within your control. Most banks started cutting in April/May, no news is good news.

yup, will do.

btw, understand debit spend is counted for bonus interest too, so not necessary to apply for credit card. when we open account, will automatically get a debit/ATM card right?

question - are the exclusions for debit card the same as for credit card? not interested to be forced to spend more for card rebate, just bonus interest.

2nd question - is the debit card issued on the spot during account opening Visa/Master?

 

[iduncheckmail]

anyone knows how to link BOC CC to their online banking ?

 

[sgbird]

May I know BOC card pays Town Council fees counts for valid $500 spending?

 

[fr33d0m]

anyone knows how to link BOC CC to their online banking ?

go to branch to link