Money Saving Tips via Credit Cards: Money saved - For a Single (and available) person - Updates

Money Saving Tips via Credit Cards: Money saved - For a Single (and available) person



Recently, I have made a post about money saving tips for a single. Here I will do some updates on it so that he/she can reap more savings.



Apart from using OCBC 360 account which will give him about 2.05% of return in his savings, here are some credit card saving tips. Moreover, he can use OCBC 360 account to pay his credit card bills and that helps to accumulate to his "at least 3 internet banking transactions per month"



1) Transport => He spends about $80 on transport using his EZ Link card. Thus, I would recommend POSB Everyday Card which gives 2% rebate. It has "No Minimum Spend" which is excellent for him. Thus he saves about $19.20 per year (There is no top up charges for DBS and POSB credit card holders for Ezlink)



2) Telco (Singtel) => He happens to be using Singtel as his Telco and he spends about $34 on mobile bills. Thus, I would recommend UOB-Singtel Card which gives 1% rebate. It has "No Minimum Spend" which is excellent for him again. Thus he saves about $4.08 per year. What is more important is that he gets the privileges that UOB offers.



3) Others => Lastly, I would recommend that he gets a OCBC 365 card just for everything else. No particular reason except that he may get some rebates and possibly earn extra 1% in his/her OCBC 360 account.



Savings are not a lot. But the fact is that this friend of mine spends little as well so just trying my best to help. :-)

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