Hi everyone,
It has been a while since I made my last post on Citibank Dividend Card which is now my main card, taking most of my purchases to chalk up the $888 minimum every month. I am glad that I am able to do it at this point.
How do I do it? Well, here is my expenses and savings.
Supermarket Groceries
=> $250 per month in NTUC, $250 per month in Giant
=> $40 cash rebates
Petrol
=> $150 per month
=> $12 cash rebates
Dining
=> $200 per month
=> $16 cash rebates
Others (Singtel & S&CC)
=> About $220 per month
=> $0.55 cash rebate (miserly)
Total
=> $1,070 per month
=> $68 cash rebate
What do you think? :-)
Can i ask how do you calculated your groceries cash bate to be $40?
ReplyDelete"You will receive cash back equivalent to 0.25% of the amount of the retail purchases, and you will receive cash back of up to 7.75% on all Petrol, Groceries and Dining transactions worldwide if you accumulate a total retail spend of S$888 or more in a statement month. Earning of 7.75% on Petrol, Grocery and Dining category will be capped at DIV S$25 per category per month."
I calculate your $500 groceries spending at 0.25% to be $1.25 + Max DIV S$25 = Total $26.25 cash rebates per month assuming you have a min monthly spending of $880
Please highlight if I have misunderstood the terms and conditions wrongly or if there is an error in my calculations.
Hi Ed,
DeleteMany thanks for pointing out the error. It is my mistake. I read the terms and conditions as "DIV S$25 per merchant" when it actually says "DIV $25 per category"
I will need to redo my calculations. Many thanks!
Happy Savings Together.