Rainbow on FI

In my previous post The best credit card for my new house renotion , I compared some credit cards that I owned and have chosen the Maybank Family & Friends card as the best credit card that I would use for my new home's spending. Today I received an email from Maybank regarding some updates to the Maybank Family & Friends Card Cashback Programme starting from 1st January next year. Let's take a look. What have changed? Revisions Description Cashback Awarding for selected cashback categories and additional bonus category Tier 1: Up to 6% cashback with a minimum spend of S$800 per month (capped at S$20 per category) Tier 2: Up to 8% cashback with a minimum spend of S$1,600 per month (capped at S$30 per category) Base cashback 0.22% cashback on all other spend Eligible Merchant Category Codes (“MCC”) in selected cashback categories Commute (previously “Transport”) MCC 4111, 4121, 4789, 4112, 4131 Automotive (previously “Pharmacy”) MCC 5541, 5542, 5532, 5533, 5599, 7531, 75...

I signed up for DBS Treasures in September this year after seeing a promotional notification on my DBS digibank app. The promotion stated that, upon successful sign-up, Multiplier account holders would receive the Multiplier tiered bonus interest on account balances of up to $200,000.  Since it's an easy opportunity for my idle cash, I figured—why not? I could simply transfer funds from my UOB Stash account, especially since UOB had reduced its effective interest rate to 2.045% (and would be reducing it further to 1.5% from 1st December). From the Welcome email, these were the highlighted benefits of being a DBS Treasures client: A Unique Blend of Personalised Advisory and Digital Capabilities • Bespoke Solutions for Accredited Investors As an Accredited Investor, you gain access to a wider range of sophisticated investment products, such as investment-grade bonds, equity-linked notes, and more—beyond the usual retail offerings. This expanded range is meant to enhance your por...