Lose out so but because of the extra spending in September. This card really need planning in advance.
“Quarterly Cash Rebate for the first Quarter may be awarded on a pro-rated basis as follows:
i) where the Minimum Amount for a Tier is only met in the third Statement for the first Quarter, then one-third of the Quarterly Cash Rebate for that respective Tier will be awarded;
ii) where the Minimum Amount for a Tier is only met in the second and third Statements for the first Quarter, then two-thirds of the Quarterly Cash Rebate for that respective Tier will be awarded; or
For the purpose of this clause, the first Quarter means the period of three consecutive calendar months commencing from the date on which the Principal Cardmember is first issued a Card. “
Pl note the above tnc applies to new cardholders, and please note/focus on the sequence the tnc is written. It requires good financial knowledge and common sense when interpreting the above financial clauses.
UOB wrote these clauses as she is well aware the cardholder is unlikely to be able to hit the min amount for 3 mths based on the way they define start of first quarter and the time the card is delivered to the customer. UOB is understanding and generous to give u the max rebate possible, so it is up to u to know how to benefit from it to the max possible.
Moi benefited from it, hit 1.5k for 2 mths to get 2/3 of rebate = max $100, at the highest tier under the old tnc.
Under the new tnc, u shld try to hit max 2k for 3rd mth or 2k for 2 mths if time/spend permit, to get max 1/3 = $100 or 2/3= $200 rebate. If u already spent 1k in 2nd mth, but can hit 2k in 3rd mth, go for it to earn 1/3=$100, dun short change yourself by spending 1k in 3rd mth to earn only 2/3=66 plus (tho in % terms same). It would be better for u to withhold spending in 2nd mth, then wack 2k in 3rd to earn 5% = $100, if u cannot hit 2k in 2nd mth.
So it is very important for u to interprete and understand the tnc correctly, so u can manage your spending for max benefit in your first quarter.
When in doubt, call hotline to double confirm, never take risk with your own money by relying solely on what others say, especially talk not based on experience or confirmation from authorities, hahaha
There are many in the money mind forum who dun practice what they preach, moi would prefer info from people who practice what they preach, hahaha
ok for now, moi on 30days mc, gonna retire from here liao, this is a very tedious article to write with one hand, hahaha, bye bye