DBS changed its Mutiplier plan

[reddevil0728]

It’s relative.. if u compare 2 and 3 with equities or gold, it’s still “lower risk” as the impact of rates hike would be typically be greater for stocks and gold market.

Yep. Context matters.

 

[o2atom]

Sorry, i just open multipler. May i know when will the interest be deposit. The interest i got on 31 dec doesn't seem to be correct.

Check your bank account on the 08th of the month.
The interest will be created by then, dated as 07th.

 

[o2atom]

Check if I want to cancel an insurance policy (because of 12-month limit and not revision of interest), do I email Manulife or I contact DBS (via phone)?

I logged in internet banking dont see the option to cancel under Insurance Summary.

[Update: Ok I called Hotline and they said I need to contact the insurer to cancel. A bit more hassle I guess]

Download the Termination Form from https://www.manulife.com.sg/en/self-serve/forms.html, complete, and email it to the email address stated on the form.

 

[mirage_77]

Thanks for the advice!

Most useful and have sent in the forms.

 

[vitagenyakult]

For those who are still trying to clock 3 categories and don’t have housing loan why cancel?

What matters is your objective and not what others are doing

agreed!
many of my friends are also only clocking 3 categories

 

[reddevil0728]

Download the Termination Form from https://www.manulife.com.sg/en/self-serve/forms.html, complete, and email it to the email address stated on the form.

got termination form meh?

 

[hwmook]

got termination form meh?

Surrender/withdrawal form. Done it twice already, no hassle at all.

 

[tytyty333]

If I want to switch from Multiplier to POSB cashback this month, should I wait for Dec's interest credited to avoid forfeited?

 

[demoforce1]

anyone here with SAYE account too?

 

[maumu]

is there a comprehensive list of exclusions which aren't accepted under credit card spending?

the FAQ only lists some of the standard exclusions like fees and I couldn't find more details about it.

wondering what exclusions to take note of - e.g. top up cashcard/ezlink card considered eligible transaction?

 

[Trazora]

is there a comprehensive list of exclusions which aren't accepted under credit card spending?

the FAQ only lists some of the standard exclusions like fees and I couldn't find more details about it.

wondering what exclusions to take note of - e.g. top up cashcard/ezlink card considered eligible transaction?

For dbs multiplier the exclusions are as per the TnC/FAQ

 

[cassowary18]

is there a comprehensive list of exclusions which aren't accepted under credit card spending?

the FAQ only lists some of the standard exclusions like fees and I couldn't find more details about it.

wondering what exclusions to take note of - e.g. top up cashcard/ezlink card considered eligible transaction?

Pretty much anything and everything goes. Some people pay off their other bank credit cards using their DBS credit card to hit the next tier, but I don't do it frequently because my spending on other credit cards will not push me above the next tier.

Top up ez-link card also considered eligible spending. Mum refuses to use simplygo and chooses to top up her ez-link card, and it counts for Multiplier.

 

[TheAlphaLion]

If I want to switch from Multiplier to POSB cashback this month, should I wait for Dec's interest credited to avoid forfeited?

Yes, wait until 8 jan and check interest in first

 

[TiedInsurer]

do you guys also cancel your ETF investment?

I'm cancelling. Only reason i have this is for the high interest. No reason to keep now tgat the high interest has disappearred.

 

[sansanjikikut]

For investment RSP category. How long does it take from day of deduction for the funds to be redeemable as holdings in investment?

 

[Chua Zhiming]

Money shifted to Singlife yesterday already. (left 3k inside to get the interest for dec 20) and then will just keep the account as spare emergency fund.

Thanks DBS for the high interest while it lasted

 

[reddevil0728]

For investment RSP category. How long does it take from day of deduction for the funds to be redeemable as holdings in investment?

A few working days.

 

[maumu]

For investment RSP category. How long does it take from day of deduction for the funds to be redeemable as holdings in investment?

can be as late as 29th of month to be reflected on your bank and earn summary. yes that's two weeks (after deduction on 15th).

 

[reddevil0728]

can be as late as 29th of month to be reflected on your bank and earn summary. yes that's two weeks (after deduction on 15th).

But poster asking about redeemable which is different from being displayed on bank and earn summary

 

[sansanjikikut]

So the whole process can take up to a week? Including the redemption proceeds back to multiplier account