My Singapore Credit Card Spending Strategy (Update: 23 April 2014)

Rule 1

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

Fuel – All petrol to be filled at Esso using Citibank Dividend Platinum linked to Esso Smiles Card.
18.3% discount/cashback
Source: 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: www.uob.com.sg/personal/cards/credit/uob_preferred_platinum.html

Online Transactions – All transactions with “online merchants” charge to UOB Preferred Platinum Visa.
Get 10xUNI$, i.e. $1 = 2UNI$ = 4 Krisflyer miles
“Online merchants include bookstores, cinemas, entertainment, electronics, fast food, music and retail shopping, BUT excludes all airlines, travel, transport, top-ups for any pre-paid card,
government, utilities, telecommunications, brokerage/securities, insurance, education/tuition,  online money transfers and online gambling websites.”
Source: http://www.uob.com.sg/personal/cards/credit/preferred_platinum_visa_card.html

Paywave Transactions – All Visa Paywave transactions at these merchants charged to UOB Preferred Platinum Visa.
e.g. 
ANDERSEN’S OF DENMARK
CEDELE
CHALLENGER
COFFEE BEAN & TEA LEAF
COLD STORAGE
DIAN XIAO ER
FAIRPRICE SUPERMARKET
GIANT
HOME-FIX D.I.Y STORE
JASON’S MARKET PLACE
SHENG SIONG 
STARBUCKS 
SUSHI-TEI 
TAKASHIMAYA DEPARTMENT STORE 
TOAST BOX
WATSON’S
ZOUK
Get 10xUNI$, i.e. $1 = 2UNI$ = 4 Krisflyer miles
Source: 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 $696 (excl. taxes)
Effective cash rebate = $696/$7,500 =9.28% rebate
– Spend $13,750 = 55,000 Krisflyer miles = Business SIA ticket SIN-HK-SIN worth $2,156
Effective cash rebate = $2,156/$13,750 = 15.7% rebate
Source: www.krisflyer.com

Overseas Transactions – All overseas spending charge to UOB One Visa (subject to spending cap of $5,000 per calendar year)
2% cash rebate
Source: 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: 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: www.dbs.com.sg/personal/cards/credit-card/visa-altitude/default.page
DBS Altitude Visa worked examples:
– Spend $25,000 = 30,000 Krisflyer miles = Economy SIA ticket SIN-HK-SIN worth $696 (excl. taxes)
Effective cash rebate = $696/$25,000 =2.78% rebate
– Spend $45,833 = 55,000 Krisflyer miles = Business SIA ticket SIN-HK-SIN worth $2,156
Effective cash rebate = $2,156/$45,833 = 4.7% rebate
Source: www.krisflyer.com

Q&A
Why don’t you use the Citibank Dividend card which gives a 5% cash rebate for all groceries/pharmacies or a 2% cash rebate for dining outlets?

Because there is a minimum spend of $50 for each transaction, so if your bill falls below $50, you don’t get the cash rebate.

How about the UOB Visa Delight card which gives 10% cash rebate for groceries?
Because you need to have a minimum total qualifying spend of $1,000 per calendar month to be eligible., Plus the 10% rebate drops to 5% after 30 June 2014 (read the fine print).

SCB Singpost Platinum Visa for 5% cash rebate for groceries and 2% for online merchants?
Minimum monthly spend of $500.

This post supersedes the original post: nicolastang.com/2013/06/11/credit-card-spending-strategy/