Monday, 6 October 2008

My Recommended List of Credit Cards

If there are only 2 Credit Cards you wish put in your wallet, these are the two:

1. Best Credit Card for Home use - POSB Everyday Mastercard

This card give 1% rebate for your SP Services Utilities and StarHub Bills. My total expenses for these two bills add up to around $600 per month and that is $6 saving which I can use this rebate to exchange for daily necessities at Watson e.g. Toiletries.

If you like to visit Carrefour, this card will give you 5% rebate on your purchase too! This card also entitle to all DBS card promotion e.g. Dining, so I do not own any DBS credit card which is a duplicate.

For more detail of Rebate Structure, click below:

2. Best Credit Card for Petrol and Dining- Citibank Dividend Platinum Mastercard

This card offer 5% rebate on top of any on-site discount and you can use it with any petrol station company so you only need to hold one card. Please read my blog on Best Credit Card Discount for Petrol.

On top of that, this card offer at least 2% rebate on any dining expenses except food & beverage spend withing hotels and wedding banquets held in hotels.

Best part of this card is you will also earn 0.5% cash back on all your other purchases. That's on
top of the exclusive discounts and privileges you'll already enjoy as a
Citibank credit cardmember.

For more detail of Cashback Structure, click below:


Thor said...

You should carry the DBS Black as well. POSB card reward is not as good as the black card as the black card gives double points.

TEA ENG PENG said...

Well Thor, it depends on your usage. I personally prefer cash rebates rather than reward points and I am a lazy person to go and exchange the reward points for the things I want (if there is any, which I normally don't find anything suitable).

Moreover, the annual membership fee for DBS Black Card is high which I was just being charge $240 which I managed to waive off eventually but thinking of cutting it away for good than always have to call up to waive the annual membership fee. Don't know which day they might not approve my waiver then I have to pay my penalty for holding on to a card that I don't use often.

If you are a point lover maybe you should go for Citi Premier Miles card from Citibank which will give you triple bonus points and faster air miles too!


All postings are personal views and opinions meant solely for educational or informational purposes and not to be taken as formal advice. Please contact a qualified / accredited person or organization whom is capable of answering your questions about the respective topics you are keen to find out in further details. Certain information may change from time to time and may not be true or updated by the time you come across it here. You are advised to counter-check information for its accuracy before even reaching a conclusion of your own. -Best viewed using Mozilla Firefox-