SCB SingPost/Spree Card

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oceanicmanta

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UchihaSasuke said:
Hi, anyone know this? ;):)
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hi, from my own experience, if u genuinely did an online transaction (not internet banking bill payment), then SCB is very likely to grant you the 7% rebate, even if they dont recognise it the first time around, they would credit it back if you call to dispute.

if u get the SMS 3-D authorisation via SCB when making the transaction, then you probably would have a strong case to justify to them that it is online.

do not that online supermarkets (eg Redmart, NTUC etc) is considered Groceries & only 2% rebate applies
 
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UchihaSasuke

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oceanicmanta said:
hi, from my own experience, if u genuinely did an online transaction (not internet banking bill payment), then SCB is very likely to grant you the 7% rebate, even if they dont recognise it the first time around, they would credit it back if you call to dispute.

if u get the SMS 3-D authorisation via SCB when making the transaction, then you probably would have a strong case to justify to them that it is online.

do not that online supermarkets (eg Redmart, NTUC etc) is considered Groceries & only 2% rebate applies
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Hi, thanks for the explanation. I am using it to book for exam online, or can i call them in advance to check first before i make the payment using the card?
 
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VacheronLim

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question for the gurus here, since foreign currency transactions are liable for 3.5% surcharge (1% from Visa/Master, and 2.5% from SCB)...

example if transaction is USD580, it will translate into $580 x 1.42 (forex) x 1.035 (3.5%) = $852.426

if using Paypal rate it's quoted at $853.26, meaning there's not much difference between using the paypal conversion vs bank conversion?

Unless the bank charge is 2% or less then bank conversion rate will be more favorable :eek::s12:
 
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oceanicmanta

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UchihaSasuke said:
Hi, thanks for the explanation. I am using it to book for exam online, or can i call them in advance to check first before i make the payment using the card?
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I think they probably wouldnt know themselves prior to the transaction but no harm asking.

Which institution is it, maybe others had similar experience ?

I did get 7% rebate for a payment of a professional membership before.
 
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UchihaSasuke

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oceanicmanta said:
I think they probably wouldnt know themselves prior to the transaction but no harm asking.

Which institution is it, maybe others had similar experience ?

I did get 7% rebate for a payment of a professional membership before.
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You mean they don even know? :eek::(

It is pearson vue, for booking exam.
 
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Trazora

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UchihaSasuke said:
You mean they don even know? :eek::(

It is pearson vue, for booking exam.
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The bank will not know whether the institute has tagged the fee payment as online transaction, unless the cso happen to know it based on similar transaction made by another customer.
 
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Trazora

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VacheronLim said:
question for the gurus here, since foreign currency transactions are liable for 3.5% surcharge (1% from Visa/Master, and 2.5% from SCB)...

example if transaction is USD580, it will translate into $580 x 1.42 (forex) x 1.035 (3.5%) = $852.426

if using Paypal rate it's quoted at $853.26, meaning there's not much difference between using the paypal conversion vs bank conversion?

Unless the bank charge is 2% or less then bank conversion rate will be more favorable :eek::s12:
Click to expand...

It is difficult to say which is better as the conversion by visa is made when transaction is posted, the forex rate may be different then. But most of the time it will be better to pay in foreign currency as the forex rate set by merchants are usually unfavorable
 
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UchihaSasuke

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Just called in to verify the online transaction thing. For my case, the CSO say is consider as online transaction, i gave them the website name and the CSO verify for me, so should be safe. :D
 
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