There's a new t&c? When was it updated? I just read the t&c 2 weeks ago. Was it updated later then that?
Since 1 feb 2018, gov institute and services excluded from rebate.
With effect from 2nd January 2019,
1. One Account: Minimum Balance Fee = S$5 if the average daily balance for the month falls below S$1,000^
2. One Account: Bonus Interest The following will be excluded from retail transactions and will no longer qualify towards the minimum required card spend of $500 to be eligible for bonus interest on the One Account:
I. Payment made on gambling or trading websites (including but not limited to websites for trading of shares, foreign currency and cryptocurrency), amongst current exclusions AND
II. Payments made to charitable/religious organizations, government institutions and services