BOC SmartSaver

[nintendog]

anyone know the minimum purchase for Wealth Bonus Interest? Purchase eligible BOC wealth products to earn this bonus interest for 12 consecutive months*

You need to Purchase Minimum 150k Insurance to get it.
Forget about it

 

[Cumzilla]

Anyone has issues with paying mobile axs using the debit card? I always have transaction unsuccessful since last month. Not sure why?

had problem last month too, u may want to try AXS e-station, went through after i switched to that, a bit troublesome have to key in the card details only.

 

[ym901s]

where you jumping to ?

DBS Multipler can earn 1.8% much better than 1.45%.


Plus no need to monitor three giro payment bla bla bla.

 

[ym901s]

I think you need maintain the BOC account for at least 6 months otherwise will got early account closure penalty

I can't find the clause on penalty in the smart saver T&C.

 

[demoforce1]

had problem last month too, u may want to try AXS e-station, went through after i switched to that, a bit troublesome have to key in the card details only.

how about using website http://www.axs.com.sg/axsEstation.php

 

[demoforce1]

No need Masterpass.
Use MasterCard option for Great Wall debit card.

thank you, will try from website http://www.axs.com.sg/axsEstation.php
will smartsaver account amount deducted immediately?

 

[Trazora]

how about using website http://www.axs.com.sg/axsEstation.php

Website = estation

 

[Trazora]

thank you, will try from website http://www.axs.com.sg/axsEstation.php
will smartsaver account amount deducted immediately?

Will be earmarked immediately

 

[ekardo]

DBS Multipler can earn 1.8% much better than 1.45%.


Plus no need to monitor three giro payment bla bla bla.

u sure DBS not dropping the rate soon ?

 

[ekardo]

DBS Multipler can earn 1.8% much better than 1.45%.


Plus no need to monitor three giro payment bla bla bla.

guess you dont even know your DBS dropping rate??

https://blog.seedly.sg/dbs-multiplier-savings-account-review/

 

[Squaredot]

thank you, will try from website http://www.axs.com.sg/axsEstation.php
will smartsaver account amount deducted immediately?

amount will be earmarked immediately and posted in 2 working days.

 

[ekardo]

plan for Aug

10k Singlife 2.5%
20K dash for 2.0%
80k in BOC for 1.25% (3 condition*)
the rest in Maybank musical chair for 0.7% ?

any other suggestion for my $500 credit card spending, 3 giro and salary ?

 

[swathe]

Gonna close this account. It has the worst maintainability. If not for its original high interest, would not tolerate the nonsense

1. Mismatched credit card spending vs rebate minimum ($500 for interest, $800 for proper revates)
2. Erratic posting date causing missed interest - transaction is posted on 6th day versus similar transaction taking only 2 days on UOB. And sometimes it gets posted earlier than expected.

 

[boiboi123]

Gonna close this account. It has the worst maintainability. If not for its original high interest, would not tolerate the nonsense

1. Mismatched credit card spending vs rebate minimum ($500 for interest, $800 for proper revates)
2. Erratic posting date causing missed interest - transaction is posted on 6th day versus similar transaction taking only 2 days on UOB. And sometimes it gets posted earlier than expected.

Are there other better alternatives though? Both your points seem manageable.

1. Can just do $500 then? Rebates $800 is common right
2. Might be harder to manage but maybe try spending earlier if you don’t hit?

 

[bright_84]

Are there other better alternatives though? Both your points seem manageable.

1. Can just do $500 then? Rebates $800 is common right
2. Might be harder to manage but maybe try spending earlier if you don’t hit?

I sort of emphatise, the bookkeeping date is really dependent on the bank. Sometimes 2 days, weirdly sometimes 1 week or more.

 

[bright_84]

 

[Trazora]

I sort of emphatise, the bookkeeping date is really dependent on the bank. Sometimes 2 days, weirdly sometimes 1 week or more.

Hmm. Thought posting of transaction depends on the merchant.

 

[swathe]

Are there other better alternatives though? Both your points seem manageable.

1. Can just do $500 then? Rebates $800 is common right
2. Might be harder to manage but maybe try spending earlier if you don’t hit?

For point 2, because BOC always post late, I tried a purchase on 28th expecting it will get posted on 1st to help in next month expense. Then it get posted on 30th which is the last day of the month.

Then I got another large purchase done on 25th expecting it to post no later than 3 days as it is the only last purchase to meet the spend target. Then BOC post it on the 1st.

Getting screwed twice is enough for me

 

[ekardo]

For point 2, because BOC always post late, I tried a purchase on 28th expecting it will get posted on 1st to help in next month expense. Then it get posted on 30th which is the last day of the month.

Then I got another large purchase done on 25th expecting it to post no later than 3 days as it is the only last purchase to meet the spend target. Then BOC post it on the 1st.

Getting screwed twice is enough for me

agree, but, there's always a price to pay for something good ? just spend earlier lah..

where else can you go? share with us, if good we all go with you..

 

[leogeo]

Aug:

1. 10k in Singlife @ 2.5%
2. 20k in Dash EasyEarn @ 2% for 1st year
3. 75k in UOB ONE (CC + 3 GIRO) @ 1.2%
4. 25k in DBS Multiplier (Salary + CC only) @ 0.9% tier
5. Balance cash if any - can consider CIMB Fastsaver - 0.5% to 0.83% up to 100k