UOB one card

[Trazora]

my new quarterly window is Sept - Oct - Nov.
Does this means the new 500 - 1000 - 2000 will start Dec 2015 for me?

Yes. (10 char)

 

[derrickgoh]

I'm currently charging slightly over 300 dollars on this card per month from recurring bill payments (prudential insurance policies and cable tv), did some calculations and realized that I can at most charge just slightly over 400 dollars if I were to include my other mandatory monthly bills. So I'm at a dilemma if I should try to aim for 500, which means more effort needed to keep track of spending, as well as forced spending if my spending falls short for that month To add to the complication, the uob one account does seem quite tempting...

By the way, does anyone know if it's possible to charge Great Eastern policies to this card?

Forced spending. Never a good idea. I'm in the same situation as you. Slightly over $400. I refuse to buy more things or buy more expensive things just to hit $500.

UOB wants to force people to spend more so they can earn more on the merchant fees. Well too bad. Poor people like me don't have $500 to blow monthly so I'll simply go back to my ANZ Travel card. 1% isn't that shabby plus no need to monitor if hit a certain amount every month.

 

[dreamyboy]

Forced spending. Never a good idea. I'm in the same situation as you. Slightly over $400. I refuse to buy more things or buy more expensive things just to hit $500.

UOB wants to force people to spend more so they can earn more on the merchant fees. Well too bad. Poor people like me don't have $500 to blow monthly so I'll simply go back to my ANZ Travel card. 1% isn't that shabby plus no need to monitor if hit a certain amount every month.

It's about being creative in your expenditure. You may not need to spend more. However, if you find monitoring the quarter spending a hassle, then this may not be suitable for you.

 

[more3cm]

It's about being creative in your expenditure. You may not need to spend more.

Totally agree!

 

[derrickgoh]

It's about being creative in your expenditure. You may not need to spend more. However, if you find monitoring the quarter spending a hassle, then this may not be suitable for you.

I know some people prepay their utilities bill, their S&CC bills, etc. Am not comfortable with pre-paying.

 

[phayze]

Owe first, then pay 1 month later?

I know some people prepay their utilities bill, their S&CC bills, etc. Am not comfortable with pre-paying.

 

[Allen_C_Sharp]

I know some people prepay their utilities bill, their S&CC bills, etc. Am not comfortable with pre-paying.

Well, u have to pay it anyway, why not ? The rebates are much more than the interest u deposit the prepaid money elsewhere.

 

[kanikosen]

Yes u can
I charging prudential n GE premium to this card

Just checked with my GE insurance agent and he said only policies bought after 2014 can be charged to credit cards...

 

[ForumRider]

Just checked with my GE insurance agent and he said only policies bought after 2014 can be charged to credit cards...

Yea i think i bought around that period..

 

[zoossh]

I know some people prepay their utilities bill, their S&CC bills, etc. Am not comfortable with pre-paying.

dun see why need to be uncomfortable. it is not a giant sum and very soon u will need to pay anyway.

but that is only got to fill the occasional gap. u cant overpay every month to snowball the sum. another thing is not to prepay if u r near potential termination/renewal dates eg change telco.

 

[kanikosen]

Forced spending. Never a good idea. I'm in the same situation as you. Slightly over $400. I refuse to buy more things or buy more expensive things just to hit $500.

UOB wants to force people to spend more so they can earn more on the merchant fees. Well too bad. Poor people like me don't have $500 to blow monthly so I'll simply go back to my ANZ Travel card. 1% isn't that shabby plus no need to monitor if hit a certain amount every month.

The dilemma for me is that I just have to hit $100 more, which is feasible for me if I start charging my other expenditures such as groceries, online spending, etc of other cards to this card, but the only problem is that the amount is uncertain, some months I can hit $100 easily, but when I can't, I'm not sure if I want to force myself to spend more.
However, the interest rate of the uob one account does look quite attractive, so it might actually be worth it for me to try to hit the minimum amount.

 

[kanikosen]

dun see why need to be uncomfortable. it is not a giant sum and very soon u will need to pay anyway.

but that is only got to fill the occasional gap. u cant overpay every month to snowball the sum. another thing is not to prepay if u r near potential termination/renewal dates eg change telco.

Just curious, if it's a recurring monthly bill payment, is it still possible to prepay?

 

[zoossh]

Just curious, if it's a recurring monthly bill payment, is it still possible to prepay?

let's say i one time online prepay 600, they will just deduct the bill on each month from the balance. but over the counter, there may be rules that i cant rem the specifics (depends on which organisation too).

 

[edwinttt1978]

I know some people prepay their utilities bill, their S&CC bills, etc. Am not comfortable with pre-paying.

It is ok not to pre-pay just as some people are very uncomfortable to pay by credit cards, opting to to pay by cash or NETS.

People don't know what they don't know and it is better to leave it that (comfortable) way.

 

[edwinttt1978]

It's about being creative in your expenditure. You may not need to spend more. However, if you find monitoring the quarter spending a hassle, then this may not be suitable for you.

Being creative in expenditure can be bad for the masses.

 

[edwinttt1978]

Forced spending. Never a good idea. I'm in the same situation as you. Slightly over $400. I refuse to buy more things or buy more expensive things just to hit $500.

UOB wants to force people to spend more so they can earn more on the merchant fees. Well too bad. Poor people like me don't have $500 to blow monthly so I'll simply go back to my ANZ Travel card. 1% isn't that shabby plus no need to monitor if hit a certain amount every month.

Forced spending is absolutely bad and distasteful. We should not spend or pay more than we need.

 

[Amsterdan]

time to look for other cashback cards, even 1% is fine , as long as dont have the monthly spending restriction

 

[derrickgoh]

time to look for other cashback cards, even 1% is fine , as long as dont have the monthly spending restriction

ANZ Travel card lor.

 

[derrickgoh]

dun see why need to be uncomfortable. it is not a giant sum and very soon u will need to pay anyway.

but that is only got to fill the occasional gap. u cant overpay every month to snowball the sum. another thing is not to prepay if u r near potential termination/renewal dates eg change telco.

The thing is, UOB insists its $500 per month and they don't count per quarter. So even if I spend $1,000 a month for the first 2 months, if I don't hit $500 for the 3rd month I get nothing.

If they counted by quarter I have no issued with pre-paying to ensure I hit the $1,500 per quarter. But they don't. Which means I have to pre-pay every month to ensure I hit $500 per month. Which is senseless. I will be pre-paying my entire life.

 

[derrickgoh]

Forced spending is absolutely bad and distasteful. We should not spend or pay more than we need.

Absolutely. That's one wonderful way to get into debt.

If your monthly expense is above this $500 limit then fine. But if you force yourself to spend unnecessarily just to hit the $500, the irony is the pathetic $50 cash back you get is probably not even enough to cover your forced expenditure. So in the end you still end up losing more money than you gain. Doesn't sound like a very bright idea to me.