POSB Cashback Bonus

[sohguanh]

Dont look down on all these. I am squeezing out S4k-$5k monthly from interest and cashbacks! haha,

Wow that is a full-time job salary! Great job can teach so I can throw letter and follow you do full-time?

 

[hwmook]

Wow that is a full-time job salary! Great job can teach so I can throw letter and follow you do full-time?

You got million dollar to do it?

 

[Darwinson]

I don’t mind buy and keep etf every 6 months. should I see the etf in order to qualify for invest category cashback bonus ?

Why do you want to transfer to cdp and incur cost for disposal? You dispose/sell under invest saver is free!

 

[reddevil0728]

I don’t mind buy and keep etf every 6 months. should I see the etf in order to qualify for invest category cashback bonus ?

Huh? Then just keep as is? Why transfer

 

[Darwinson]

Huh? Then just keep as is? Why transfer

Cos I need to buy the same ETF after 6 months to qualify for posb cashback bonus. I understand I can’t qualify if I have the same etf/unit trust

 

[reddevil0728]

Cos I need to buy the same ETF after 6 months to qualify for posb cashback bonus. I understand I can’t qualify if I have the same etf/unit trust

change ETF?

 

[RedsYWNA]

Wow that is a full-time job salary! Great job can teach so I can throw letter and follow you do full-time?

As Pritam would say, just squeezing out blood from stones. Dont think the high interest rates can last for this to be maintained. Haha

 

[royalmix]

Wow that is a full-time job salary! Great job can teach so I can throw letter and follow you do full-time?

He is cash rich! I believe you also have if you are asset rich, just add up all your interests in CPF, your endowment returns, your bank interest/cashback, etc. per annum and average per mth! But yours might not be as liquid as his, but are continuing to earn you more interests thru compounding

 

[ice_angel]

I converted my DBS Multiplier to POSB Cashback on 18th Apr. Then I purchased UT transaction on 20 Apr. Credit card transaction on 20 Apr. But till now the ibanking Bank and Earn Summary still show 0 for all the categories, even though it mentions it reflects transaction till 23rd Apr.
Is this normal?

 

[reddevil0728]

I converted my DBS Multiplier to POSB Cashback on 18th Apr. Then I purchased UT transaction on 20 Apr. Credit card transaction on 20 Apr. But till now the ibanking Bank and Earn Summary still show 0 for all the categories, even though it mentions it reflects transaction till 23rd Apr.
Is this normal?

When’s the settlement date of your unit trust transaction? UT might take longer to settle than ETF

 

[wenguang]

I converted my DBS Multiplier to POSB Cashback on 18th Apr. Then I purchased UT transaction on 20 Apr. Credit card transaction on 20 Apr. But till now the ibanking Bank and Earn Summary still show 0 for all the categories, even though it mentions it reflects transaction till 23rd Apr.
Is this normal?

you need to hit 3 cat, then the value will show. i'm not sure if the very month you convert it is in effect. i remember i convert and do it the following month.

 

[ice_angel]

you need to hit 3 cat, then the value will show. i'm not sure if the very month you convert it is in effect. i remember i convert and do it the following month.

You mean if only hit 2 categories then it won't show for the 2 categories??

 

[wenguang]

You mean if only hit 2 categories then it won't show for the 2 categories??

yup

 

[ice_angel]

When’s the settlement date of your unit trust transaction? UT might take longer to settle than ETF

May I know how to check the settlement date?
I received the email from DBS on the same day of my UT transaction telling me my UT subscription order was successful.
But in iBanking, under 'Investment', I still don't see the newly purchased UT being displayed.

 

[ice_angel]

yup

Wah........ such a lousy implementation.
So if I only have 3 categories and my salary will only be credited at month end, which I believe most companies do, then I will just 'blindly' spend on credit card and make UT purchase during the whole month without knowing whether they will be qualified for the cashback bonus...

DBS multiplier bank and earn did a much better job comparatively..

 

[wenguang]

Wah........ such a lousy implementation.
So if I only have 3 categories and my salary will only be credited at month end, which I believe most companies do, then I will just 'blindly' spend on credit card and make UT purchase during the whole month without knowing whether they will be qualified for the cashback bonus...

DBS multiplier bank and earn did a much better job comparatively..

because if you only have 2 cat, technically you haven't hit the requirement and cashback is 0. once your salary crediting is consistent in date, the subsequent month should be fine.

 

[reddevil0728]

May I know how to check the settlement date?
I received the email from DBS on the same day of my UT transaction telling me my UT subscription order was successful.
But in iBanking, under 'Investment', I still don't see the newly purchased UT being displayed.

Apparently depends on the UT u buy. Go see the product page

 

[royalmix]

Wah........ such a lousy implementation.
So if I only have 3 categories and my salary will only be credited at month end, which I believe most companies do, then I will just 'blindly' spend on credit card and make UT purchase during the whole month without knowing whether they will be qualified for the cashback bonus...

DBS multiplier bank and earn did a much better job comparatively..

Worst case your company delay crediting your salary until next mth, everything down the drain, it happened to people with multiplier, esp those "nsman"!

 

[ice_angel]

Worst case your company delay crediting your salary until next mth, everything down the drain, it happened to people with multiplier, esp those "nsman"!

Yeah.. so a bit risky.. I haven't seen my company did that, but may need to take some pre-caution.. Eg. credit spouse salary as well to the joint account.

 

[sohguanh]

Anyone has tried write in POSB suggest them to increase the maximum cap on each category? We all know due to inflation everything increase and that can include our paycheck too.