CardUp (Do not post or ask for referral code)

Z_Dash

Z_Dash

Master Member
Joined
Jan 29, 2001
Messages
4,636
Reaction score
253
Trazora said:
Been always the case for many years even before there is cardup. Before final tax notification, giro still deducted even if payment was made via other means.
Click to expand...

Any idea how do we know final tax notification?
I had received a letter from IRAS indicating the GIRO installment plan for my tax (over 10mths), is this considered as final tax?

My tax deduction is 6th of month, by when i need to trigger Cardup payment to be in time for the interception of GIRO deduction?
 
Last edited:
V

vddgnd

Senior Member
Joined
Aug 15, 2007
Messages
1,438
Reaction score
25
Z_Dash said:
Any idea how do we know final tax notification?
I had received a letter from IRAS indicating the GIRO installment plan for my tax (over 10mths), is this considered as final tax?

My tax deduction is 6th of month, by when i need to trigger Cardup payment to be in time for the interception of GIRO deduction?
Click to expand...
Finalised bill is when you receive the Notice of Assessment (NOA). It happens any time between Apr to Sep. Then the GIRO deduction amount will be readjust taking consideration of your payments before the final bill.
 
F

friedapple

Senior Member
Joined
Feb 5, 2008
Messages
628
Reaction score
45
vddgnd said:
I hope so but I don't think they will be so kind.
Click to expand...

I discovered that last week after referring a friend to the service. I immediately highlighted to cardup support and asked if they had changed the terms and conditions without telling us. They promptly removed the $1k limit and informed me that they will be changing their terms and conditions. I told them this will definitely discourage some people from using their service. I have a feeling many people are making payment in tranches with just meeting the limit for $20 rebate off the admin fees, hence they are 'forcing' people to pay the admin fee by increasing the minimum payment to $1K and pay at least $6 in admin fee to them.

Not sure about others, but I will definitely not use them as often as before.
 
J

JuniorLion

Supremacy Member
Joined
May 15, 2017
Messages
8,585
Reaction score
294
friedapple said:
I discovered that last week after referring a friend to the service. I immediately highlighted to cardup support and asked if they had changed the terms and conditions without telling us. They promptly removed the $1k limit and informed me that they will be changing their terms and conditions. I told them this will definitely discourage some people from using their service. I have a feeling many people are making payment in tranches with just meeting the limit for $20 rebate off the admin fees, hence they are 'forcing' people to pay the admin fee by increasing the minimum payment to $1K and pay at least $6 in admin fee to them.

Not sure about others, but I will definitely not use them as often as before.
Click to expand...

There is no free lunch in the world.

Grab had stopped giving promo codes after grabbing the Market share..
It's the same for CardUp, and in fact the same modus operandi for every other business in the world.
 
Toons

Toons

Arch-Supremacy Member
Joined
Jan 1, 2000
Messages
18,849
Reaction score
1
friedapple said:
I discovered that last week after referring a friend to the service. I immediately highlighted to cardup support and asked if they had changed the terms and conditions without telling us. They promptly removed the $1k limit and informed me that they will be changing their terms and conditions. I told them this will definitely discourage some people from using their service. I have a feeling many people are making payment in tranches with just meeting the limit for $20 rebate off the admin fees, hence they are 'forcing' people to pay the admin fee by increasing the minimum payment to $1K and pay at least $6 in admin fee to them.

Not sure about others, but I will definitely not use them as often as before.
Click to expand...

The min 1k requirement is only to get the referral bonus. I do not think that cardup is only viable coz of the referral bonus. Yes, it will make it harder to get the referral bonus, but ultimately, if i still gain from paying via cardup, i will continue to use it.

The more pressing issue is with the limited credit cards which are 'viable'. More banks are excluding cardup from their card rewards and even those accepting cardup are reducing the rewards for online transactions, eg, recently both BOC family n DBS livefresh lowered the cashback for online transactions.
 
F

friedapple

Senior Member
Joined
Feb 5, 2008
Messages
628
Reaction score
45
Exactly. So if the bank cards offer even 3% rebate, you would only get an additional $4 per $1000 after deducting the admin charges. Anyway some cards still offer cashback for such transactions but the cashback % is lower than the admin charge, so not viable either. Lol.
 
Toons

Toons

Arch-Supremacy Member
Joined
Jan 1, 2000
Messages
18,849
Reaction score
1
friedapple said:
Exactly. So if the bank cards offer even 3% rebate, you would only get an additional $4 per $1000 after deducting the admin charges. Anyway some cards still offer cashback for such transactions but the cashback % is lower than the admin charge, so not viable either. Lol.
Click to expand...

If you are only using cards which give you a 3% cashback on online transactions, then after deducting the 2.6% admin fee, the gain you will get is a pittance. Then yes, in this case, you will have to rely on the referral bonus of $20 to make it 'worthwhile'.

However, if using cards which give more rewards, eg, BOC family @ 5% for online transactions, plus it also gives a higher % int for your savings account if you hit certain spending, then it is worthwhile for me to continue using cardup even without the $20 referral bonus.
 
V

VacheronLim

Senior Member
Joined
Sep 25, 2007
Messages
1,906
Reaction score
25
Toons said:
If you are only using cards which give you a 3% cashback on online transactions, then after deducting the 2.6% admin fee, the gain you will get is a pittance. Then yes, in this case, you will have to rely on the referral bonus of $20 to make it 'worthwhile'.

However, if using cards which give more rewards, eg, BOC family @ 5% for online transactions, plus it also gives a higher % int for your savings account if you hit certain spending, then it is worthwhile for me to continue using cardup even without the $20 referral bonus.
Click to expand...

yes plus most will have insurance premiums to pay (which can easily be a few hundred, or over a thousand monthly)

especially if the individual "don't need" these insurance premium payment to contribute to the monthly giro/bill payment, why not use it to fulfill the monthly spend on the credit card
 
T

Trazora

Arch-Supremacy Member
Joined
Apr 19, 2015
Messages
23,331
Reaction score
1,206
Toons said:
If you are only using cards which give you a 3% cashback on online transactions, then after deducting the 2.6% admin fee, the gain you will get is a pittance. Then yes, in this case, you will have to rely on the referral bonus of $20 to make it 'worthwhile'.

However, if using cards which give more rewards, eg, BOC family @ 5% for online transactions, plus it also gives a higher % int for your savings account if you hit certain spending, then it is worthwhile for me to continue using cardup even without the $20 referral bonus.
Click to expand...

boc family online rebate capped for $600 online spend though
 
A

atanbh91

Member
Joined
Jan 16, 2014
Messages
320
Reaction score
20
friedapple said:
I discovered that last week after referring a friend to the service. I immediately highlighted to cardup support and asked if they had changed the terms and conditions without telling us. They promptly removed the $1k limit and informed me that they will be changing their terms and conditions. I told them this will definitely discourage some people from using their service. I have a feeling many people are making payment in tranches with just meeting the limit for $20 rebate off the admin fees, hence they are 'forcing' people to pay the admin fee by increasing the minimum payment to $1K and pay at least $6 in admin fee to them.

Not sure about others, but I will definitely not use them as often as before.
Click to expand...

Just wondering out loud. Instead of giving promo/referral codes with such hurdles, why don't Cardup reduce their fees? If even the 1.5% cashback cards can have some gain from using Cardup+fees, I think their user base will expand very rapidly and thus they will still be sustainable. Of course I don't know their real operating costs vs revenue so this is just a random thought.:s12:
 
A

atanbh91

Member
Joined
Jan 16, 2014
Messages
320
Reaction score
20
ceciltan said:
I suppose Citibank air Miles card if used to pay income tax can earn me air mile?
Click to expand...

Anyone used Citi PremierMiles and got the miles?

I noticed CitiPM got this clause:

3.3 In determining the amount of retail purchases for purposes of calculating the number of Citi Miles to be credited, annual cardmembership fees, funds transfers via Citibank Online using the Citi PremierMiles Visa Card as source of funds (for example, payments via Citibank Online or via any other channel or agent (such as a third party agent for payment of bills) whether for bill payments or otherwise), interest, late payment charges, GST, cash advances, income tax payment, purchases made on equal payment plan and other fees and charges shall not be taken into account. For the avoidance of doubt, the Bank is entitled, in its reasonable discretion, at any time and from time to time, to take into account or disregard any card transaction or charges or retail purchase in the calculation of Citi Miles to be credited or to otherwise vary the basis of calculation of Citi Miles.
Click to expand...

This year income tax I tried Cardup for the first time. Charged to my Citi SMRT card but did not get the 3% cashback.

Citi SMRT also got similar clause:

22.2 Issuance of SMRT$ and SMRT Rewards Vouchers
(c) In determining the amount of retail purchases for purposes of calculation of SMRT$, refunded, disputed, unauthorized or fraudulent retail purchases and goods and services taxes will not be taken into account. For the avoidance of doubt, Equal Payment Plan transactions, cash advance, quick cash, balance transfer, payment of annual Card membership fees, bill payments/funds transfers using the Citibank SMRT Platinum Visa Card as source of funds (for example, funds transfers/payments via Citibank Online or via any other channel or agent (such as a third party agent for payment of bills) whether for bill payments or otherwise), interest, late payment fees, and any other form of service/miscellaneous fees shall also not be taken into account. Any SMRT$ earned from any of the above transactions will be reversed. We are entitled to, in our reasonable discretion, at any time and from time to time take into account any Transaction or charges or retail purchase in the calculation of SMRT$ or to otherwise vary the basis of calculation of SMRT$.
Click to expand...

Does that mean CitiPM will not get miles on Cardup either?
 
You must log in or register to reply here.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts. Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
Top