So we're really glad to be back to Singapore where I can eat cheap food which I can cook for myself, the weather is somewhat manageable, and most of my operations has been set up for us to live a luxurious frugal lifestyle.
Anyway... I just received these 2 SMS from CIMB when I was in Amsterdam.
For CIMB Visa Signature and CIMB Platinum Mastercard, previously customers would need to spend $600 minimum spend on the credit card AND 8 transactions of $30 per month to be eligible for the rebates.
It was never easy to micromanage the spending so I never bothered to try to get the 10% rebates.
HOWEVER!!! If the SMS I received can be taken at face value, from 23 November 2018, both these cards will only have a $600 minimum spend without the multiple conditions.
Dear Valued Cardmember, we've made it easier for you to earn cashback on your CIMB Visa Signature - with no multiple conditions! W.e.f. 23 Nov 2018, you can earn 10% cashback (capped at S$100) for Grocery and all Online transactions, on top of Wine and Dine transactions with a min. spend of S$600! T&Cs apply.
Dear Valued Cardmember, we've made it easier for you to earn cashback on your CIMB Platinum Mastercard - with no multiple conditions! W.e.f. 23 Nov 2018, you can earn 10% cashback (capped at S$100) for Transport and Petrol, on top of Travel, Health, Beauty and Wellness transactions with a min. spend of S$600! T&Cs apply.
Ok, I'll still likely use my UOB One card and UOB One account to combo for bonus interest for my regular spending. HOWEVER, when it's time to spend on big ticket items like an air ticket, or a travel accommodation, etc... It's a 10% rebate... and potentially it's going to be on top of any promos that is going to be offered by Shopback or Lazada, etc...
10% is seriously no joke, it's like a 10% discount on the big ticket item...
Furthermore, these 2 cards have 0% admin fees for foreign exchange transactions. How this works is, if you use this card and incur a FX transaction, they will rebate the admin fees back to you the next month which essentially is 0% admin fees.
But as always I'm still having some difficulty hitting $500 on 2 UOB One cards every month, except for the months when we go overseas. But it's a good secondary card now... Cos I can use it to book my air tickets if I'm going on long flights like Paris or Perth, and use it to book hotel accommodation as well.
Now of course we'll have to see what the full T&C are when it comes out on 23 November but I'm hopeful that this card will become one of the better cards out there in the coming months.
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