DBS changed its Mutiplier plan

[RedsYWNA]

The loops end at dbs so it's not infinite as per se

I wouldn't consider it a loophole too. It's a cunning ploy by DBS to get u hooked. And if u can't repay, hopefully they can earn credit card late interest payment.

 

[highsulphur]

If you are talking about a credit transfer from one credit card to a dbs card, i don't think it qualify for multiplier interest

 

[maumu]

idk whether it's something secretive or illegal but I've not received any pm or sorts.

anyway.. never mind, I'll just buy some unit trusts to meet the next tier...

 

[item2sell]

idk whether it's something secretive or illegal but I've not received any pm or sorts.

anyway.. never mind, I'll just buy some unit trusts to meet the next tier...

if exposed later loophole Kenna closed by DBS.
with this trick, you can hit highest tier easily

 

[maumu]

Hi all, can I check, if I purchased a unit trust fund today in lump sum (not RSP) must it be a new fund which I have not possessed before? or can it be additional purchase from an existing holding?

I have the fund since before I started multiplier.

a bit confused by their terms and conditions:

Unit Trust lump-sum contribution via DBS/POSB

Valid for new Unit Trust lump-sum or Online Funds Investment purchased with cash, CPF or SRS after Multiplier Account is opened. The investment amount will be recognised post settlement date.

when they say "new Unit Trust" do they mean a unit trust that is new (never hold before) or simply means a new transaction?

 

[sellipad2]

idk whether it's something secretive or illegal but I've not received any pm or sorts.

anyway.. never mind, I'll just buy some unit trusts to meet the next tier...

usually i will pm them directly instead of asking ppl to pm you

we asking for favour yet still expect ppl to pm and spoonfeed, even if ok i will be embarass to do so lol.

 

[reddevil0728]

Hi all, can I check, if I purchased a unit trust fund today in lump sum (not RSP) must it be a new fund which I have not possessed before? or can it be additional purchase from an existing holding?

I have the fund since before I started multiplier.

a bit confused by their terms and conditions:

Unit Trust lump-sum contribution via DBS/POSB

Valid for new Unit Trust lump-sum or Online Funds Investment purchased with cash, CPF or SRS after Multiplier Account is opened. The investment amount will be recognised post settlement date.

when they say "new Unit Trust" do they mean a unit trust that is new (never hold before) or simply means a new transaction?

suggest check with DBS directly to get B&W. at least you can hold them responsible.

 

[maumu]

usually i will pm them directly instead of asking ppl to pm you

we asking for favour yet still expect ppl to pm and spoonfeed, even if ok i will be embarass to do so lol.

idk who to pm mah... see the exchange of posts I can't tell who actually have the experience or is it just hearsay... not asking to be spoon-fed.

anyway, have given up that whatever trick that is and opted for unit trusts instead. but now have to check if it's eligible also -.-

 

[maumu]

suggest check with DBS directly to get B&W. at least you can hold them responsible.

both CSOs (one from banking dept who then directed to another from investment dept) over the phone said is eligible.

also wrote in.. waiting for b&w.

the 6-month gap between redeeming and repurchasing is for RSP only is it?

 

[sellipad2]

idk who to pm mah... see the exchange of posts I can't tell who actually have the experience or is it just hearsay... not asking to be spoon-fed.

anyway, have given up that whatever trick that is and opted for unit trusts instead. but now have to check if it's eligible also -.-

can try pm the few who shared the info. but doubt you can cycle 1k indefinitely to clock 30k for multiplier. I thought the 1k should count as bill payment instead of 'spend' for multiplier

 

[tweeety]

any 1 having issue that the insurance that was deducted this month not capture ?

Please note this should ne my 2nd round of the premium.

 

[tweeety]

if it's showing 11/12 this month it means you paid your 11th month in Sep (recognise in Oct). so you should be paying your last installment this month which will be recognised in Nov.

Apply your next one in November which will show up and recognise as (1/12) in Dec.

PS. don't cancel the insurance plan until you see 12/12 reflected next month. You can terminate GIRO first on 1st Nov.

i think i missed this......

i went to cancel my insurance, not the GIRO, i already paid the premium from the previous month..... so sad... such a waste.

Can I appeal with DBS?

 

[farmers]

i think i missed this......

i went to cancel my insurance, not the GIRO, i already paid the premium from the previous month..... so sad... such a waste.

Can I appeal with DBS?

Yup happened to me. Posted my experience in the past few pages.

I tried the hotline, but hard to explain through phone.

So i went down to the branch to appeal instead. Still takes a while to explain, but at least there you got more toms, dicks and harrys to get your point accross.

Had to fill up some form for the hq to check.
eventually they did credit the interest.

 

[reddevil0728]

Yup happened to me. Posted my experience in the past few pages.

I tried the hotline, but hard to explain through phone.

So i went down to the branch to appeal instead. Still takes a while to explain, but at least there you got more toms, dicks and harrys to get your point accross.

Had to fill up some form for the hq to check.
eventually they did credit the interest.

eh shouldn't be that difficult to explain what. at the end of the day they still need to check

 

[farmers]

eh shouldn't be that difficult to explain what. at the end of the day they still need to check

They were not familiar bout their own product.

And their app's laginess also dont help with the situation. Had to even show them i made 12 payments since 2020 -_-

 

[demoforce1]

wondering if anyone really makes $ from UT or digiportfolio as part of the Multiplier requirement? My both UT and digiportfolio always in red

 

[reddevil0728]

wondering if anyone really makes $ from UT or digiportfolio as part of the Multiplier requirement? My both UT and digiportfolio always in red

For UT, if you bought it at the right term for sure.

 

[tweeety]

which outlet u went to ? omg... any person that is good can straight away appeal?

 

[reddevil0728]

which outlet u went to ? omg... any person that is good can straight away appeal?

They are still the middleman anyway.

 

[sansanjikikut]

Just use any posb/dbs credit card to advance prepay your other bank (except CITIbank) cc bills using posb/dbs ibanking bill payment function. Subject to high enough credit limit of course. Can’t reveal more, if not become another amaze saga