DBS changed its Mutiplier plan

[ixora2007]

the T&C in their website doesn't have more detailed info, asked the DBS staff at the branch and he couldn't answer some of my question about this Multiplier requirement.

I guess I'll just wait and see what happens during the first interest credit as I just opened this account yesterday.

 

[Calthron]

Yes. My SP bill is charged to POSB everyday card. And counted as credit card payment. It takes few days to reflect.

Thought for dbs multiplier, sp utilities charged to credit card should count?

 

[Trazora]

the T&C in their website doesn't have more detailed info, asked the DBS staff at the branch and he couldn't answer some of my question about this Multiplier requirement.

I guess I'll just wait and see what happens during the first interest credit as I just opened this account yesterday.

you read the faq also?

 

[Squaredot]

My payment for SP utilities is not reflected as eligible spending under my Bank and Earn Summary though. I’m using the Recurring Bill Payment with my DBS Live Fresh Card though. Not sure if payment at counter or through the app is counted.

Counted lah, bro
Check your Bank and Earn Summary a few days after amount is charged to card

 

[ixora2007]

when i click on View Bank and Earn Summary, i have this message:
This service is currently not available. Please try again later. (99104)

Do I need to opt-in (though the opt-in button is grayed out) or is it because I just opened the account yesterday and this option is not available to me yet?

 

[Calthron]

Hi. I previously enable RSP with monthly purchase before applying for Multipler. So this is not reflected in the monthly investment transaction in my Multipler.

I plan to sell all units. Wait for 6 months and re start the RSP. Will this able to make rhe RSP qualified for investment transaction for my Multipler account?

Or any other ways or my understanding not right?

 

[smart_alex]

Guys ,

I use my Multipiler account for salary
I also use the same account for investment
I also use the same account to pay for my credit card

As the result, my balance keep changing through out the month

for e.g.

2/9 - $10,000
5/9 - $8000
10/9 - $9250
13/9 - $10,250
18/9 - $15,250
22/9 - $12,000
29/9 - $13,400


so the 2% interest rate is base one which amount, cos every month I RECEIVE a sms from DBS multiper,

"Congrats! Total interest of $X.XX (2% p.a) for your eligible transactions in June 2018, has been credited in your account"

the $X.XX change every month, so the 2% is base on which amount? the last amount at 31 of every month? or what?

 

[jellyboy]

Average daily balance.. if not everyone just put max amount on final day of the month can liao

Sent from Samsung SM-G955F using GAGT

 

[vddgnd]

This account bonus interest not based on ADB, but calculated daily. If your everyday daily balance is less than $50k, your bonus interest quite close to calculate using ADB.

 

[vddgnd]

Hi. I previously enable RSP with monthly purchase before applying for Multipler. So this is not reflected in the monthly investment transaction in my Multipler.

I plan to sell all units. Wait for 6 months and re start the RSP. Will this able to make rhe RSP qualified for investment transaction for my Multipler account?

Or any other ways or my understanding not right?

If your previous monthly RSP was only one type of RSP product (for example ETF), you can setup the bond type RSP to qualify the multiplier investment category start from next month. But if your previous RSP involve both ETF and bond, then need to sell all and wait 6 month before you can use RSP as investment transaction for Multiplier.

 

[Calthron]

Thanks for the info!

If your previous monthly RSP was only one type of RSP product (for example ETF), you can setup the bond type RSP to qualify the multiplier investment category start from next month. But if your previous RSP involve both ETF and bond, then need to sell all and wait 6 month before you can use RSP as investment transaction for Multiplier.

 

[Ginnylim07]

Is there any minimum amount to be put in the multiplier account?

And which dbs/posb card would you recommend? More for grocery shopping and paywave transactions.

I wanted to switch from one account to this because is difficult to reach 500 every month.

 

[vddgnd]

Is there any minimum amount to be put in the multiplier account?

And which dbs/posb card would you recommend? More for grocery shopping and paywave transactions.

I wanted to switch from one account to this because is difficult to reach 500 every month.

$3k
Posb everyday cc.

 

[VaNs]

Is there any minimum amount to be put in the multiplier account?

And which dbs/posb card would you recommend? More for grocery shopping and paywave transactions.

I wanted to switch from one account to this because is difficult to reach 500 every month.

Min is $3000

 

[Ginnylim07]

$3k
Posb everyday cc.

Ok thank you!

 

[Ginnylim07]

Min is $3000

Thanks for the info!

 

[Alwaysb]

Sorry side track abit. Does anyone know which other bank cc allows to charge for bill payment? Similar to dbs

 

[Trazora]

Sorry side track abit. Does anyone know which other bank cc allows to charge for bill payment? Similar to dbs

none. 10char

 

[Alwaysb]

Ok. Thanks

none. 10char

 

[blue_denim24]

Received 20 dollars as gift yesterday for opening the multiplier account online