Friday 31 July 2015

Maybank Horizon 8 air miles per dollar spent!

Good news for the miles lovers!

Maybank Horizon CC is giving away 8 air miles (20 TREATS Points) for every dollar spent with any telecommunications company, including retail purchases as well as bill payment!

Promotion is valid from 1 July 2015 to 30 September 2015!

So hurry and earn your 8 miles now!

Some of the T&C:

"Up to 8 air miles" Promotion
  • This promotion is valid from 1 July to 30 September 2015 except for promotion in respect of air tickets, travel packages and overseas expenses which is valid until 31 December 2015.
  • 20 TREATS Points (equivalent to 8 air miles for every S$1 spent) will be awarded for every S$1 spent at www.agoda.com/horizon and for transactions with any telecommunication companies in Singapore including retail purchases and bill payments. 


Tags: Maybank Horizon, 8 air miles, telecommunications, telcos 20 TREATS Points

Saturday 6 June 2015

Best Credit Card(s) for Overseas! (2015 version)

Now the school holidays are here and many people will be heading out of Singapore for holidays.

The question everyone has been asking:

WHICH IS THE BEST CREDIT CARD TO USE OVERSEAS?

Now I shall reveal the answer to you!

best credit card for overseas 2015
Comparison does not take into consideration: promotions, cross border charge, forex etc


From the above, I would recommend 3 credit cards for you to bring overseas.

In order of preference,

1) UOB Visa Signature (2.5% charge for transaction in forex outside SG)
- Best cash rebate at 5% for general purchases overseas.
- Joint best miles earner too at 4 miles/$ spent.
- Remember to spend a minimum of S$1000.00 in foreign currencies.
- Capped at spend of S$2000.00 or 4000 UNI$ earned.

2) CITIBANK Rewards (2.5% charge for transaction in forex outside SG)
- Only for purchases in shops selling bags, clothes, shoe and major department store.
- 2.78% in cash rebates
- Joint best miles earner too at 4 miles/$ spent.

3) Standard Chartered Manhattan (3.5% charge for transaction in forex outside SG)

- 2nd in terms of cash rebate at 3%.
- Minimum of S$3000 required within statement period.
- Capped at S$6667 due to max rebate of S$200 to be earned in the period.

The above cards are chosen for their high rebates/miles and most importantly, FUSS-FREE!

TIPS:

1) Always CHARGE YOUR PURCHASES IN FOREIGN CURRENCIES.

2) Always SET SMS ALERT FOR TRANSACTIONS, more than $1.00 if possible.

3) REMEMBER the BANK HOTLINE for emergencies.

4) REMEMBER to ACTIVATE YOUR CREDIT CARD FOR OVERSEAS USE before flying!



Tags: best credit card for overseas, foreign currency transaction, ANZ Travel Card, CITIBANK Clear Plat, Premiermiles, Rewards, DBS Altitude, Maybank Horizon, OCBC Titanium, Standard Chartered Manhattan, UOB PRVI, UOB Visa Signature, AMEX, VISA, MASTERCARD, miles, cash rebates, 2015, charges for transaction in foreign currencies outside Singapore.

Friday 5 June 2015

PSA: Problem with AMEX Imagine Card

To all users of AMEX Imagine Card:


Please be reminded to check your transaction details.

I have encountered several problems using the card recently.

AMEX Imagine Card double posting
Double posting of transactions
I made two purchases in the afternoon. Then in the evening, my card got charged the same amount again! Double posting of transactions!

That was not all.

I even got posting of transactions that were supposedly invalid!

AMEX Imagine Card
Supposedly invalid transactions that got through


I got "DO NOT HONOUR" message shown on credit card machine twice and the cashier advised me to use another card for the purchase, which I did. However, my card was still charged twice for the two swipes that were supposedly not honoured!

And, I didn't realise all these until I checked my transactions recently!

SO, CHECK YOUR TRANSACTION HISTORY NOW!



Tags: EZ-Link, Imagine Card, double posting, transactions, AMEX

Wednesday 3 June 2015

Additional information for ANZ Optimum World MasterCard

This is additional information to my post here.

I was told by a customer service officer representing ANZ that 0.1 Optimum$ will be awarded for every $2.00 (equivalent to 0.5 Optimum$ for every $10 as stated in the T&C) in the category of my choice.

Hence to test this out, I charge a few transactions (including a few under $10) to my ANZ Optimum World MasterCard at dining locations (I chose Dining) which varied from fast food chains to cafes to restaurants.

And this is what I got in my statement.


ANZ Optimum World Mastercard

So that means the customer service officer was right! It is indeed 0.1 Optimum$ for every $2 spent in your category of choice! Otherwise I would only receive 4 Optimum$ for this statement!

NOT BAD!

So for this statement, I got S$5 (1 Optimum$ = S$1.00) for spending a total of $122.40 which works out to be 4.08%!



Tags: ANZ Optimum World MasterCard, rebates

Tuesday 26 May 2015

10 things that you may have done in your life

Someone shared this link with me and I think it was hilarious!

10 things that you may have done in your life



(1) Nope
(2) Checked
(3) Checked
(4) Checked
(5) Checked
(6) Nope
(7) Checked
(8) Checked
(9) Nope
(10) Checked

I have done 7 out of 10 of the above!

How about you?



Tags: 10 things that you may have done in your life, funny

Yahoo News: Security Breach Angers Federer

It's been quite a while since I wrote something on my blog. Not that I have gone missing or what, just that I haven't been free to write for the past two weeks.

Now that I am back, let me start with some light-hearted post.

I was reading news on yahoo page (https://sg.yahoo.com/) and came across the following:

Yahoo Singapore News, Federer angry about security breach

Either the webmaster has been sleeping on the job or Federer is really angry about the security breach! Yahoo has to post the news twice!



Tags: Yahoo Singapore News, Federer angry about security breach

Friday 8 May 2015

SG50: NDP 2015 Tickets!

The application for tickets to the SG50 NDP 2015 has begun today!












Time line:

8 - 17 May: Tickets application

1 - 5 June: Notification of balloting results

5 - 14 June: Collection of tickets

Important notes:

1) Each ticket admits one spectator to the parade. Children (inclusive of infants) must hold a valid ticket to be admitted to the parade.

2) Each applicant must opt for 2, 4 or 6 tickets. The chances of winning 2 tickets would be higher than that of winning 4 or 6 tickets. Similarly, the chances of winning 4 tickets will be higher than that of winning 6 tickets.

3) Singaporean Citizens will have double chances in winning the tickets as compared to the Singapore Permanent Residents. Singapore Permanent Residents will have double chances in winning the tickets as compared to the previous NDP ticket winners.

4) Applicants who select "NO PREFERENCE" in the venue options will be balloted for BOTH locations, i.e. they will be balloted for both the Padang seats, as well as the Marina Floating Platform seats.


Click here to get to the NDP 2015 website!

Click here to get to the ticket balloting page!



Tags: SG50, NDP 2015, ticket, ballot, ndp parade, padang, floating platform.


Monday 4 May 2015

Comparison between OCBC 360 and UOB One

Now we have a showdown between OCBC and UOB and who do you think will emerge victorious?

OCBC 360 VS UOB ONE

Let's compare the PROS & CONS of the OCBC 360 account and the UOB One account.


Comparison Between OCBC 360 & UOB One
Comparison Between OCBC 360 & UOB One

Based on the table above, it seems like OCBC 360 wins hands down! But that's not actually the case. Unless you buy insurance or investment products from OCBC or your incremental on balance is huge, the actual interest rates for comparison is 2.25% (OCBC 360) vs 2.48% (UOB One).

Now you would think that UOB One wins! But that's not the case again.

There is ONE BIG factor that we need to consider:

How much money you have?

It all depends on how much money you have, isn't it?


Let's assume you are able to meet the basic requirements for OCBC 360 and UOB One.
(a) $500 spending
(b) Salary crediting OR 3 GIRO Debit transactions
(c) Pay 3 bills online
Bonus interest for buying insurance and investment products as well as for incremental increase in account balance will be omitted for an easier and clearer comparison.

Comparison Between OCBC 360 & UOB One
Comparison Between OCBC 360 & UOB One
Now you can see that if you have less than $40,000.00 (Actual figure is around $39,735.00), OCBC 360 will give you a better deal.

So what happens if I have MORE money?

Comparison Between OCBC 360 & UOB One
Comparison Between OCBC 360 & UOB One
Well, the table says it all, doesn't it?

If you have $39,735.00 or less, OCBC 360 gives you the best deal!
If you have between $39,736.00 and about $55,273.00, UOB One gives you the best deal! ( I calculated to the nearest dollar.)
If you have between $55,274.00 and $60,000.00, OCBC 360 gives you the best deal!

So, like I said, it all depends on how much money you have.

Of course, this is just a comparison based on the interest rates.

Hassle-free method of getting the best from the banks!


Tags: comparison, OCBC 360 account, UOB One account, bonus interest rates


Thursday 30 April 2015

OCBC 360 Account Updates

With effect from 1 May 2015, there will be changes to the interests awarded for the OCBC 360 account.

Let's look at the changes:

Changes to previous requirements

1) 1.2% pa for crediting salary of at least $2,000 (up from 1%)

2) 0.5% pa for paying 3 bills online or through GIRO (down from 1%)

3) 0.5% pa for spending at least $500 on OCBC credit cards (down from 1% with spend of $400)

NEW

1) Bonus interests on the first $60,000 of your account balance. (Up from $50,000)

2) 1% pa for buying insurance of at least $8000 in annual premium OR investment products of at least $40,000. 

3) 1% pa for any incremental account balances from previous month's balance

More information here.



Tags. OCBC 360 account updates, new requirement.

Monday 27 April 2015

NEW: UOB One Account

Great news!

UOB has launched a new account: One Account

With the terms and conditions changed for the OCBC 360 account come 1 May 2015, this new UOB One account may be the new place to park your S$50,000.00!

The fundamentals of the UOB One Account is similar to that of the OCBC 365 account.

Base interest: 0.05% (included in all the interest rates below)

Scenario 1:
Spend $500 on UOB One card:
First $10,000: 1%
Next $20,000: 1.5%
Next $20,000: 2%
Subsequent amount: 0.5%

Effective interest is 1.6% at $50,000!
OCBC 365 will only earn you 1.05% assuming you spend $500 on OCBC credit card and pay 3 bills online. 

If you only had $10,000, OCBC 360 account will give you better rates at 1.05%.

Scenario 2:
Spend $500 on UOB One card + Credit salary of more than $2,000 OR 3 GIRO Debit transactions:
First $10,000: 1.5%
Next $20,000: 2%
Next $20,000: 3.33%
Subsequent amount: 0.5%

Effective interest is 2.43% at $50,000!
OCBC 365 will only earn you 2.05% assuming you credit $2,000 salary, spend $500 on OCBC credit card and pay 3 bills online. 

But if you have less than $30,000, you are better off with OCBC 360 account as UOB One only gives you 1.5% while OCBC 360 gives you 2.05%



From the explanation above, if you have more than $30,000, the UOB One account will trump the OCBC 360 account with the same amount of effort. (OCBC has added 2 additional requirements for the additional 1% interest.

Especially for those who are already spending more than $500 on the UOB One card every month, this account is a godsend because you are already guaranteed additional 0.5% at least, depending on which tier your balance is at. And also for those who do not meet the salary crediting requirement. The UOB One account is for you.

Anyway, it is pretty easy to meet the 3 GIRO debit transactions requirement. Hence everyone should be looking at scenario 2 instead.

I'll do a clearer comparison once OCBC released details of the remaining 2 criteria.


Tags: UOB One account, OCBC 360 account




Thursday 16 April 2015

HSBC: Every Visa payWave transaction earns you S$1 cash rebate!

Good news to all HSBC credit card (with payWave feature) holders!

From 15 April to 31 May 2015, you can earn up to S$20 in cash rebates with your HSBC Visa credit card. Get S$1 cash rebate with every Visa payWave transaction at over 330 merchants islandwide!

Image credit: HSBC

To earn cash rebates, be the first 10,000 cardholders to SMS:
HSPW<space>NAME<space>NRIC to 74722

Terms and Conditions apply.


Memory short-cut:
1) Be th first 10,000 cardholders to SMS HSPW<space>NAME<space>NRIC to 74722
2) Make at least 5 payWave transactions in the qualifying period to enjoy the promotion.
3) Cap at 20 payWave transactions as the cash rebate is capped at S$20.



Tags: HSBC, credit card, payWave, S$1 cash rebate

Wednesday 15 April 2015

When is Cheryl's birthday? (Why Aug 17 is not the answer)

Ok, I have received a couple of emails telling me that the solution is wrong and Cheryl's birthday is not Jul 16. It should be Aug 17.

I pondered for some time and concluded that for this question, some people get a different answer because they were looking at it from a different perspective. And it is flawed if we ONLY try to find out the dates by calculating backwards.

We should be finding the answer from first parties' perspective as well!

Let's first eliminate the impossible answers from the 2 statements given by A and B.

May and June are definitely out because they contain unique date and A would not make the first statement.

"14" is definitely out because both July and August contain "14" and B would not be able to make his statement after A's.

So, in conclusion, the answer(s) can only, possibly be July 16, August 15 and August 17.

Let me show you how I obtained the answer from first parties' perspective.

A, B and C are classmates. A and B both were in love with C because C was extremely attractive.
So one day, A and B decided to ask C out for a date. C posted a question to them.

C: I will go out on a date with the person who can guess my birthday first. However, I will only tell A the "month" and B the "date".

C then wrote down 10 possibilities.


May 15
May 16
May 19
June 17
June 18

July 14
July 16

August 14
August 15
August 17

For answer JUL 16:


C tells A "July"
C tells B "16"

In A's mind:
May 15
May 16
May 19
June 17
June 18

July 14
July 16

August 14
August 15
August 17

 In B's mind:
May 15
May 16
May 19
June 17
June 18

July 14
July 16

August 14
August 15
August 17

There was then an awkward silence.

However, with B's silence, A assumed that C had not been told B "18" or "19" because the two dates were unique and B would have sounded out the correct answer. So B should have either 14, 15, 16 or 17.

C: How is it? Any good guess?

A: I don't know when your birthday is, but I know that B does not know too.

On hearing this, B concluded that May and June were both out because A was very certain that he (B) was not given "18" or "19"! May 16 had been eliminated!

B:  At first I don't know when C's birthday is, but I know now.

On hearing this statement, A then realised his mistake. He (A) had given B the clue that May and June were impossible and only July and August were possible months! Since B has a conclusion, the date cannot be 14 because B would not be able to conclude with 2 possibilities (July 14 and August 14).

C must have told B "16"!

A: Then I also know when Cheryl's birthday is.


If the answer was AUG 17:

C tells A "August"
C tells B "17"

In A's mind:
May 15
May 16
May 19
June 17
June 18

July 14
July 16

August 14
August 15
August 17

 In B's mind:
May 15
May 16
May 19
June 17
June 18

July 14
July 16

August 14
August 15
August 17

There was then an awkward silence.

However, with B's silence, A assumed that C had not told B "18" or "19" because the two dates were unique and B would have sounded out the correct answer. So B should have either 14, 15, 16 or 17.

C: How is it? Any good guess?

A: I don't know when your birthday is, but I know that B does not know too.

On hearing this, B concluded that May and June were both out because A was very certain that he (B) was not given "18" or "19"! June 17 had been eliminated!

B:  At first I don't know when C's birthday is, but I know now.

On hearing this statement, A then realised his mistake. He (A) had given B the clue that May and June were impossible and only July and August were possible months! The date cannot be 14 because B would not be able to conclude with 2 possibilities (July 14 and August 14). C must have told B either "15" or "17"! And A cannot conclude because he did not know if it was Aug 15 or Aug 17!

A CANNOT CONCLUDE AT ALL!



So now you see, if we re-enacted the situation then and from first parties' perspective, we realised that August 17 CANNOT BE THE ANSWER! Because A simply would not know if C's birthday falls on Aug 15 or Aug 17, based on B's statement!

Regardless, B scored a point and had the chance to date C. And they probably lived happily ever after.


Tags: when is cheryl's birthday, albert, bernard, cheryl, solution, clue, answer, why Aug 17 is not the answer, Jul 16


PSA: Remember to file your income tax!

PUBLIC SERVICE ANNOUNCEMENT!!!

iras


15 April 2015 is the last day to file your income tax for YA 2014 if you are submitting paper tax form.
18 April 2015 is the last day to file your income tax for YA 2014 if you are doing e-filing.

Please remember to do so to avoid penalty.

How do I know if I need to file for income tax?
If you have received any letter, form or SMS informing you to file an Income Tax Return, you must file regardless of the amount of your annual income in the previous year or whether your employer is participating in the Auto-Inclusion Scheme (AIS) for Employment Income.

How do I know if I need to pay income tax?
If your chargeable income exceeded S$20,000.00 for YA 2014, you wil need to pay income tax.
Chargeable income = Gross income - All reliefs

You may find more information here.


Tags: Singapore, income, tax, IRAS, YA2014

Monday 13 April 2015

When is Cheryl's birthday? (ANSWER REVEALED)

There had been much buzz online about Cheryl's birthday.

No, Cheryl is neither your friend nor mine. She is just part of a Primary 5 Mathematics question that has been going round in social media.

when is cheryl's birthday? answer
When is Cheryl's birthday?
This question is about logic and one should approach such question systematically.

Now let's tackle this question step by step.

According to the question, Albert knows the month while Bernard knows the date.

Step 1: Draw a table like this:

Dates provided by Cheryl:

May 15
May 16
May 19
June 17
June 18

July 14
July 16

August 14
August 15
August 17



Step 2: Eliminate the impossible answers.


Albert said, "I don't know when Cheryl's birthday is, but I know that Bernard does not know too."

CLUE 1: Albert was quick to make the first statement and he is very sure Bernard does not know too.
Conclusion: This means that he was told "July" or "August".
If Cheryl has told Albert "May" or "June", Albert would not be 100% sure that Bernard does not know the answer as Bernard could have been told "18" or "19" which would have been conclusive.


Hence we can eliminate the 2 months.



May 15
May 16
May 19
June 17
June 18

July 14
July 16

August 14
August 15
August 17


Now we are left with 5 possible dates.


CLUE 2: Bernard then said, "At first I don't know when Cheryl's birthday is, but I know now."
This statement eliminates 14 because if Bernard knew the date was 14, he cannot conclude Cheryl's birthday.
Hence the possible dates are now July 16, Aug 15, Aug 17.

May 15
May 16
May 19
June 17
June 18

July 14
July 16

August 14
August 15
August 17

CLUE 3: Albert said,"Then I also know when Cheryl's birthday is."
This statement concludes the whole puzzle.
If the month Albert got was August, he still would not know Cheryl's birthday. Only Bernard who has the date, knows.
Hence the month has to be July in order for both to know the birthday.

CONCLUSION: Cheryl's birthday is on July 16!



Tags: Primary 5, Mathematics, When is Cheryl's birthday, Albert, Bernard, July 16