When you go to the POSB cashback website there’s a expansion of insurance you can see if it qualifies
Yes counted, for next 12 months
IF multiplier, it qualifies cos DBS changed the tnc
Don't think so. This seem to apply for their multiplier though. How I know is my tracker did not move for the insurance category for this month Apr despite I already bought the Savvy Endowment 11.
for insurance purchased this month, there is a one month lag before it becomes eligible and show up in the tracker. I think it's because of the free-look period, to make sure people don't game the system
i checked my cashback statement for last month. I bought nikko am short term bond on 1mar, settlement on 3mar. The cashback statement for the bond is reflected 3mar. consider tomorrow is the last working day of the month, it is quite impossible for the ut to settle in this month
I thought only when all 3 categories hit already then the tracker then move? How come yours reflected so fast on 3 Mar? You salary credit also at beginning of the month?
Tracker moved on 15th when 3 cat hit. If you view the estatement u can see when the cat actually fufill. Even you did not hit 3 cat, the statement will show those cat u hit and when, but less than 3 cat, 0 cashback.
Which is better depends on which criteria easy for you to achieve?
Why dun start with you first? Write in to them to tell them to increase the cap.
For me I have my mortgage loan with POSB so I achieve $30 with cc spending(some months less than a dollar spent) and salary crediting monthly. Minimum $50. I also bought RSP $1000 (usually bond) per month and change the UT RSP every 12 months. That’s an additional $30. No need to put fund here to earn higher interest for Multiplier and the fund can earn higher interest in other banks. Posb cashback works best for me atm.
Already write in but one person no power need a lot of readers write in so they take note. Hence I ask in this forum readers on this scheme to also write in flood them with request so they can consider. Me IT developer same only when many ppl request the feature will the marketing and PM decide to build it.
For me, it is very simple decision, just calculate how much interest you can earn under each programme, the one that gives you more, wins! This requires you to understand how each one works.
Thanks for all your input. I realise that for cashback, I only have the credit card category. My salary credit is with UOB one which gives a good 5%.
For me the key is becuz my salary credit is with POSB and I don't like multiplier 3K minimum.
Yah.. I also don’t like 4 digit minimum sum…
