A dollar saved is a dollar earned. As I continue to pursue my interest in S-REIT Investment through s-reitinvestmentblog.sg, I am also increasing aware of the amount of money which I will save through these credit cards.

Therefore, the purpose of this blog is to consolidate all these credit card offers or rebates which we will be using everyday. I hope that this blog can be a one-stop blog on credit card rebates so that you can use and save money.

Moreover, I am going to post all the major discounts and perks that I currently enjoy for only one purpose. When I need to find data, I know where to look for it all at one place. :-)

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Friday, July 11, 2014

OCBC 365 Credit Card with Esso, Telco & Dining

OCBC 365 Credit Card – Cashback Card All Year Round | OCBC Bank

OCBC 365 Credit Card just added Esso into its fold which has a lot of potential for me. Firstly, it has the same rebates as Citibank Dividend Card at 18.3% discount. Secondly, it has the highest dining rebates at 6% on weekends and 3% on weekdays. Lastly, it offers 3% rebates on telco bills. Of course, there are other things but I won't be dwelling into it as I won't be using the card for other purposes. (Take note that for Groceries, I still use Maybank)

Drawbacks on this card is:
1) $80 Cashback per month which is one of the highest actually. We won't hit this amount.
2) $600 Minimum spend per month. This is difficult and this is the only reason why I don't recommend it earlier. (I can't hit the $600 spend)

Here is my calculations on a per month basis

Weekend Dining = $200 (Rebates of $12)
Weekday Dining = $50 (Rebates of $1.50)
Telco Bills = $160 (Rebates of $4.80) (Note: I am in the process of switching from UOB-Singtel to OCBC 365)
Esso Bills = $120 (Rebates of $6.00)
Other Spend = $70 (Rebates of 0.21)

Total Rebates = $12 + $1.50 + $4.80 + $6.00 = $24.30
Total Rebates per year = $291.60

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