Having recently moved to a condo after selling my HDB BTO upon TOP, my monthly payment at current ridiculous interest rate has risen a fair bit. After deducting the maximum from CPF, I still have to fork out a good $4k cash to payoff my monthly mortage. That set me wondering, how do I get the most value out of this? Should I attempt to get miles for it or cashback? Eventually I decided on cashback because I ain't gonna pay 1.8% monthly just to get miles.
Introducing... Maybank Platinum Visa Card!
Why so? This card gives you 3.33% rebate with a minimum spend of $300 per month for each quarter. The below table provides a better illustration:
Photo credit: Maybank website
This fits nicely for me because I am able to use 2 credit cards (Yes, I forced my missus to sign up for it too) with a monthly payment of $2k each, that gives me back a total $400 a month. Yes I know, not a lot but $400 is good enough for half a year of milk powder supplies.
How do I use this credit card to pay off $2k monthly? That's right, use Cardup or Ipaymy! With the ongoing promotion for recurring payment at 1.85% admin fee for VISA credit cards. I still am able to get back (3.33% - 1.85% = 1.48%) worth of rebates. That equates to $60 per month, $180 per quarter, $720 per year for both cards!!!
Furthermore, use HSBC EGA account to GIRO this bill payment and receive a further 1% rebate (post for another time).
Use my CardUp referral link receive $30 off your 1st payment
Use my Ipaymy referral link to receive $30 off your 1st payment
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