My Singapore Credit Card Spending Strategy

This article has been superseded by: http://nicolastang.com/2014/04/23/my-singapore-credit-card-spending-strategy-update-23-april-2014/

 

Valid as at 11 June 2013

Rule 1

Groceries – All Cold Storage, NTUC Fairprice, Guardian Pharmacy, Unity Pharmacy, Pizza Hut and McDonalds delivery spending to charge to Maybank Platinum Family and Friends Mastercard.
5% cash rebate
Source: http://info.maybank2u.com.sg/personal/cards/credit/family-friends-platinum-mastercard.aspx

Fuel – All petrol to be filled at Caltex stations and to charge to SCB XtraSaver together with SAFRA Card.
21% discount/rebate (7% cashback for SCB XtraSaver, 14% discount for SAFRA)
Source: http://www.caltex.com/sg/promotions/special-petrol-discount/

If you don’t have the SAFRA Card, then use Citibank Dividend Platinum linked to Esso Smiles Card.
18.3% discount/cashback
Source: http://www.citibank.com.sg/gcb/credit_cards/citi_esso_promotions.htm

Dining – All dining charge to UOB Preferred Platinum American Express.
Get 10xUNI$, i.e. $1 = 2UNI$
= 4 Krisflyer miles

Source: http://www.uob.com.sg/personal/cards/credit/uob_preferred_platinum.html

Online Transactions – All online transactions charge to UOB Preferred Platinum Visa.
Get 10xUNI$, i.e. $1 = 2UNI$ = 4 Krisflyer miles

Source: http://www.uob.com.sg/personal/cards/credit/preferred_platinum_visa_card.html

Paywave Transactions – All Visa Paywave transactions charge to UOB Preferred Platinum Visa.
Get 10xUNI$, i.e. $1 = 2UNI$ = 4 Krisflyer miles

Source: http://www.uob.com.sg/personal/cards/credit/preferred_platinum_visa_card.html

10xUNI$ worked examples:
– Spend $7,500 = 30,000 Krisflyer miles = Economy SIA ticket SIN-HK-SIN worth $645
  Effective cash rebate = $645/$7500 =8.6% cash rebate
– Spend $13,750 = 55,000 Krisflyer miles = Business SIA ticket SIN-HK-SIN worth $2,295
  Effective cash rebate = $2,295/$13,750 = 16.7% cash rebate
Source: http://www.singaporeair.com/jsp/cms/en_UK/ppsclub_krisflyer/UOB.jsp ; http://airfares.com.sg

Overseas Transactions – All overseas spending charge to UOB One Visa.
5.33% cash rebate
Source: http://www.uob.com.sg/personal/cards/credit/uob_one_card.html

Rule 2
Subject to Rule 1, all monthly recurring expenses (GIRO payments, Straits Times, phone bill, internet bill, gym membership, utilities bills etc) and any additional expenditure up to $1,500 to charge to UOB One Visa.
3.33% cash rebate (provided that at least $1,500 is spent for 3 consecutive months)
Source: http://www.uob.com.sg/personal/cards/credit/uob_one_card.html

Rule 3
All expenses that are not caught by Rules 1 and 2 above will be charged to DBS Altitude Visa.
1.2 miles per $1 spend below $2,000, 1.6 miles thereafter
Source: http://www.dbs.com.sg/personal/cards/credit-card/visa-altitude/default.page

Rule 4
If I will spend $5,500 in a particular month, then the first $1,500 will go to UOB One Visa and the subsequent $4,000 will go to Standard Chartered Manhattan Mastercard.
3% cash rebate from SCB Manhattan, subject to a cap of $200 cash rebate per quarter (i.e. so charge a max of $4,000 in a month, then go into hibernation until the next quarter – “quarter” is defined as any rolling 3 month period in the cardholder’s account)
Source: http://www.wowmanhattan.com.sg/index-world.html

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