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:
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
A blog that advises you on credit cards, deals, discounts, promotions and much more!
Showing posts with label General. Show all posts
Showing posts with label General. Show all posts
Tuesday, 26 May 2015
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.
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?
Let's compare the PROS & CONS of the OCBC 360 account and the UOB One account.
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.
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?
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
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 |
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 |
So what happens if I have MORE money?
![]() |
| Comparison Between OCBC 360 & UOB One |
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
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
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
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.
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.
For answer JUL 16:
C tells A "July"
C tells B "16"
In A's mind:
In B's mind:
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:
In B's mind:
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
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:
July 14
|
July 16
| |
In B's mind:
May 16
| ||
July 16
| ||
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:
August 14
|
August 15
|
August 17
|
In B's mind:
June 17
| ||
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!!!
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
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.
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:
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.
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.
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
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? |
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.
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.
July 16
|
||
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
Thursday, 2 April 2015
Changes in ANZ Travel$ redemption
The details have been finalised.
With effect from 2 April 2015, the redemption scheme for ANZ Travel$ has been changed and it is no longer useful as a credit card for general spending if you are looking at rebates.
Old scheme:
$10 cash credit = 550 Travel$
$20 cash credit = 1100 Travel$
$50 cash credit = 2750 Travel$
New scheme:
$20 cash credit = 2800 Travel$
$50 cash credit = 7000 Travel$
Click link for details.
As you can see, the effective cash back rate has decrease from 2.56% to 1.00% now.
Hence, this card is no longer useful as a cash rebate credit card.
However, if you are looking at miles, the ANZ Travel Card is still useful as you get 1.4miles per dollar spent.
Most importantly, while most banks require you to redeem in blocks of 10,000 miles, ANZ allows you to redeem miles in blocks of 2,000 miles. This information is particularly inportant because in the event that you are unable to get waiver for the annual fees and have to redeem the points, you get less "wastage" of points for the ANZ Travel card.
Having said the above, I can now conclude my preference of credit cards for general spending:
1) AMEX True Cash Back
2) ANZ Travel Card
The ANZ Travel Card will cover the rest of the merchants to do not accept AMEX.
Tags: ANZ Travel Card, rewards, change, AMEX, True Cash Back
With effect from 2 April 2015, the redemption scheme for ANZ Travel$ has been changed and it is no longer useful as a credit card for general spending if you are looking at rebates.
Old scheme:
$10 cash credit = 550 Travel$
$20 cash credit = 1100 Travel$
$50 cash credit = 2750 Travel$
New scheme:
$20 cash credit = 2800 Travel$
$50 cash credit = 7000 Travel$
Click link for details.
As you can see, the effective cash back rate has decrease from 2.56% to 1.00% now.
Hence, this card is no longer useful as a cash rebate credit card.
However, if you are looking at miles, the ANZ Travel Card is still useful as you get 1.4miles per dollar spent.
Most importantly, while most banks require you to redeem in blocks of 10,000 miles, ANZ allows you to redeem miles in blocks of 2,000 miles. This information is particularly inportant because in the event that you are unable to get waiver for the annual fees and have to redeem the points, you get less "wastage" of points for the ANZ Travel card.
Having said the above, I can now conclude my preference of credit cards for general spending:
1) AMEX True Cash Back
2) ANZ Travel Card
The ANZ Travel Card will cover the rest of the merchants to do not accept AMEX.
Tags: ANZ Travel Card, rewards, change, AMEX, True Cash Back
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