Credit cards question....

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craze_ho

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sohguanh said:
The thing about Citi cash rebate is send SMS to redeem in multiples of $10? That is a turn off for some readers at least for me. Who created such process flow and it is from Citibank I know of this. Dun want send SMS then must accumulate until $50 then they auto offset the next month bill?!?!
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Ya. I already stoped using my Citibank card since I keep got my points expired due to accumulate not enuff smrt$
 
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pchan2018

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This is just me, to the OP, up to you to do a similar thing. In my case, i only keep a few CCs, given that i prefer cashbacks rather than any other rewards and to help out in my multiplier interests, my primary card is the posb everyday card. This year, gave me around $400+ cashback, yes, i accumulate a years worth of cashbacks to aid my christmas spending budget. Since its a master card, im keeping as a backup the CitiRewards Visa card. Given that we often shop with fairprice, i have opted to get the trust CC as well.. Thats it. As for annual fees, i normally get them waved off whenever i see them in my bill and the bank thankfully has been approving my applications. I have also now in a habit of paying off all my spending as much as i can via CC to take advantage of the cashbacks, rarely pay in cash nowadays other than in the wet market or uncle/auntie shops downstairs. This help me manage my cashflow in each month. Btw, im also tracking my CC spending in a xls for quite sometime now so i pretty much know where my $s are getting spent and i normally dont buy specially high value items unless i have already a standby budget for them. Also i always pay in full each month cycle so as not to incur the hefty charges.
 
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therat

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Generally I keep 1 master 1 VISA

Reason, in case their system down.
Encounter when I was at BKK shopping. When payment time VISA network down. Card cannot get thru. The counter look at me like I'm using illegal card.
My friend help me to pay, all VISA cannot get thru. Until 1 of them say.. is it due to VISA. Let's try Master Card. Bingo. able to pay.

After that read from news, VISA encounter worldwide Network down issue.
 
Fishdim

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Similar to @pchan2018, I use only DBS live fresh as my main card to earn the cash rebate. I too track my spending using excel (a habit which I cultivated when I was clearing my debt few years back). Once I hit $400 + $400 for the card (min. spend to max out cash rebates), I will move to my other cards. Current fav is HSBC Advance to earn additional 1% cash rebate. I also have CIMB Signature (no annual fee) which I don't use for a number of years but recently 'resurrected' to earn 5% cash rebates + extra interest on my new FastSaver acct., only needs $300 spend. I'm never a fan of rewards points but I do own Yuu card (converted from Black) which is quite useless to me now since I mostly shop at NTUC, and a CITILaz card mainly for Lazada spend ($30 off $150 vouchers on campaign days are hard to overlook).

I seldom use cash now, most spendings and monthly bills are charged to my cards, unless merchants don't take cc, so that I know exactly where my $ goes to. Then pay up all before due date. I think just pick a card that best suits your needs. Most annual fees can be waived and most cards offer at least 1st yr free for new sign ups, you can worry about the annual fees 1 year later. Own the cards, milk the benefits. Don't let the cards own you and you'll be fine.
 
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craze_ho

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pchan2018 said:
This is just me, to the OP, up to you to do a similar thing. In my case, i only keep a few CCs, given that i prefer cashbacks rather than any other rewards and to help out in my multiplier interests, my primary card is the posb everyday card. This year, gave me around $400+ cashback, yes, i accumulate a years worth of cashbacks to aid my christmas spending budget. Since its a master card, im keeping as a backup the CitiRewards Visa card. Given that we often shop with fairprice, i have opted to get the trust CC as well.. Thats it. As for annual fees, i normally get them waved off whenever i see them in my bill and the bank thankfully has been approving my applications. I have also now in a habit of paying off all my spending as much as i can via CC to take advantage of the cashbacks, rarely pay in cash nowadays other than in the wet market or uncle/auntie shops downstairs. This help me manage my cashflow in each month. Btw, im also tracking my CC spending in a xls for quite sometime now so i pretty much know where my $s are getting spent and i normally dont buy specially high value items unless i have already a standby budget for them. Also i always pay in full each month cycle so as not to incur the hefty charges.
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Actually I'm abit surprised at the common use of promptpay in Thailand. My last trip I hardly need cash with me already even Malaysia donate to temple(添油） also 参pay with qr code. Really is 一机在手，通行无阻。🤣

I do keep xls on my spending as well, but keep track until give up. Now just track bank balances I also pay full month cycle with scheduled payments in case I forgot pay. Set a min pay monthly n to review before payment date each month.
 
MoDiE

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CIMB cards annual fees free forever.

My OCBC Frank card also lifetime annual fee waiver, that time got some promo they offered lifetime annual fee waiver for existing card holders.
 
reddevil0728

reddevil0728

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craze_ho said:
Ok noted. I am feeling exhausted keeping track of bills n annual fees thus thought of cutting. But worry cut wrong
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I might have missed your post saying which cards you have.

if you didn’t maybe to avoid so many permutations and combinations, list down what cards you have then ppl can comment.

then you decide which to cut

because if you are talking about signing up a new one, the possibilities are limitless (almost)
 
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limster

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LouisSaha said:
Got cc with no annual fee.

OCBC Premier Visa Infinite Credit Card​

. A cc with rebates & petrol rebates as well.
But only for premier customer.
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most banks usually have a card with no annual fee for premier/priority banking, so thats a good way to get a 'spare/backup' card.

OCBC - Premier Visa Infinite - its such a useless card, they sent it to me even though I didn't apply for it, since its FoC, so its gathering dust together with my OCBC Titanium and OCBC Frank (both lifetime fee waiver - but at least Frank is a backup transitlink card)
UOB - Visa signature is free. Their UOB Visa Infinite bank says not auto-waiver, depends on spend.
SCB - Visa infinite (blue colour) - technically not free, every year you should get an SMS stating the fee is waived - my spending on the card is minimal, still get waiver.
 
wira

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for miles, i like use card with miles that never expire so its DBS altitude and citi Premiermiles for me.

recently just applied SC Visa X Metal card to try out
 
Fishdim

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craze_ho said:
Actually I'm abit surprised at the common use of promptpay in Thailand. My last trip I hardly need cash with me already even Malaysia donate to temple(添油） also 参pay with qr code. Really is 一机在手，通行无阻。🤣

I do keep xls on my spending as well, but keep track until give up. Now just track bank balances I also pay full month cycle with scheduled payments in case I forgot pay. Set a min pay monthly n to review before payment date each month.
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For credit cards, I just copy from spend on bank site and paste into excel, usually quite accurate.
 
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