Ipaymy

[hwmook]

From 1 Aug according to uob one card website.

Lucky my last month to get cashback is in Aug so I need to change all my payment to pay by 31Jul.

 

[yiron]

The music has finally ended

 

[item2sell]

The music has finally ended

Cardup also not working?

 

[yiron]

Cardup also not working?

https://www.uob.com.sg/onecards/uob-one-credit-card.htmlW.e.f. 1 August 2022, payments to IPAYMY, RWS-LEVY, SMOOVE PAY, SINGPOST – SAM, Razer Pay and CardUp will be excluded from the awarding of cashback.

 

[silverbomb]

Cardup also not working?

UOB$ not affected for CardUp, iPayMy totally zapped by UOB across all cards from aug.

 

[Trazora]

UOB$ not affected for CardUp, iPayMy totally zapped by UOB across all cards from aug.

think u mean UNI$ instead of UOB$

 

[Bubble2030]

thats the end of ipaymy and cardup for people who want to arbitrage on cashback only, if grab and axs can get 1.7%, who will use ipaymy to incur 2% fee for a 3% UOB one rebate..the exclusion is not necessary and an extra step..make no difference to outcome.

 

[iduncheckmail]

thats the end of ipaymy and cardup for people who want to arbitrage on cashback only, if grab and axs can get 1.7%, who will use ipaymy to incur 2% fee for a 3% UOB one rebate..the exclusion is not necessary and an extra step..make no difference to outcome.

not really , tax recurring payment is 1.75% no need code, even if UOB reduce the $2k spend to 3.33% rebate, still worthwhile doing ipaymy.
So it does make a difference .

 

[Bubble2030]

not really , tax recurring payment is 1.75% no need code, even if UOB reduce the $2k spend to 3.33% rebate, still worthwhile doing ipaymy.
So it does make a difference .

with uob absolute cashback 1.7% and GPMC you can pay off tax on AXS, and its not code dependent, so you get higher rebate with more convenience.

 

[AlvinDj]

thats the end of ipaymy and cardup for people who want to arbitrage on cashback only, if grab and axs can get 1.7%, who will use ipaymy to incur 2% fee for a 3% UOB one rebate..the exclusion is not necessary and an extra step..make no difference to outcome.

IMHO, CardUp is most useful for Mortgage loan payments.. Which mostly are GIRO'd from only your bank account..

 

[iduncheckmail]

with uob absolute cashback 1.7% and GPMC you can pay off tax on AXS, and its not code dependent, so you get higher rebate with more convenience.

there is a limit of 30k per yr on that .
i just told you the 1.75% is also NO CODE needed. And schedule automated deduction.
How is this less convenient ???

 

[chiokcc]

https://www.uob.com.sg/onecards/uob-one-credit-card.htmlW.e.f. 1 August 2022, payments to IPAYMY, RWS-LEVY, SMOOVE PAY, SINGPOST – SAM, Razer Pay and CardUp will be excluded from the awarding of cashback.

Can stop using iPayMy, unless there is another good card exists.....

 

[Trazora]

Can stop using iPayMy, unless there is another good card exists.....

there is, 6%

 

[x_men_naruto96]

the cap is quite low. And that bank may start to follow UOB as well if many ppl flock to that card

 

[Bubble2030]

IMHO, CardUp is most useful for Mortgage loan payments.. Which mostly are GIRO'd from only your bank account..

yes this is the best use of ipaymy or cardup, a $4k per month mortgage can get around 3% (5%-2% fees) back if paired with 2uob one cc, even a 3.33% aint too bad since the cap is $2k per month. The exclusion of payment platform on uob nerfed the best use case which is mortgage, the other 6% card with monthly cap is too low.

so in short, only left the 6%

there is a limit of 30k per yr on that .
i just told you the 1.75% is also NO CODE needed. And schedule automated deduction.
How is this less convenient ???

3.33% - 1.75% = 1.58%, the other option is 1.75% with 30k limit. if tax is low 3 or 4 digit G works within the annual limit, if its 5 digit can use a few account to pay off, and the 0.17% matter even more for large tax bracket

anyway these 2 methods are not the best way to pay tax when there is one that offer 3.7%

 

[AlvinDj]

yes this is the best use of ipaymy or cardup, a $4k per month mortgage can get around 3% (5%-2% fees) back if paired with 2uob one cc, even a 3.33% aint too bad since the cap is $2k per month. The exclusion of payment platform on uob nerfed the best use case which is mortgage, the other 6% card with monthly cap is too low.

so in short, only left the 6%

So long iPayMy / CardUp... Till a better Cashback card comes along which I highly doubt..

Or a new player into the scene providing loan repayments lol..

 

[Bubble2030]

So long iPayMy / CardUp... Till a better Cashback card comes along which I highly doubt..

Or a new player into the scene providing loan repayments lol..

yeah mortgage on average is few K per month, you need a UOB one which offer 3.33/5% per month to use ipaymy, there is another maybank cc which give 3%, think that one still work but 1k limit

 

[maumu]

yes this is the best use of ipaymy or cardup, a $4k per month mortgage can get around 3% (5%-2% fees) back if paired with 2uob one cc, even a 3.33% aint too bad since the cap is $2k per month. The exclusion of payment platform on uob nerfed the best use case which is mortgage, the other 6% card with monthly cap is too low.

so in short, only left the 6%


3.33% - 1.75% = 1.58%, the other option is 1.75% with 30k limit. if tax is low 3 or 4 digit G works within the annual limit, if its 5 digit can use a few account to pay off, and the 0.17% matter even more for large tax bracket

anyway these 2 methods are not the best way to pay tax when there is one that offer 3.7%

Can pm me what's the method for 6% or 3.7%? 10q..

 

[pcmdan]

Can pm me what's the method for 6% or 3.7%? 10q..

With a 6% hint, pretty sure is ocbc Frank lo

 

[paurusu]

I keep thinking what is 3.7% route? Cannot be Gr** combo since no point given now.

Actually still can keep uob one with ax* pay + earn . Last time still works but the cost is high. Still earn a bit . 0.8 %.

Enough to use for some kind of filler