[Membership Cards] 1+1>2: SPG+Uber

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Many people know me as a big Uber advocate. I have stopped taking cabs when possible unless there are absolutely no Uber around or surge pricing is ridiculously high.

I have stayed in W Hong Kong in December 2016 and that was the first time I stayed in a Starwood property even though I have my Starwood Preferred Guest (SPG) membership since 2011. So with this stay and a promotion with World MasterCard, I got upgraded to SPG Gold.

So now with SPG gold, I can earn SPG points faster. But how to make it work even harder? That’s when partner programs will help to maximize.

With a stay done in Starwood property, I can start earning SPG points on every Uber ride. Simply link my SPG and Uber accounts together.

SPG+Uber

SPG+Uber

At the moment, earn rate is as follow:

  • 1 SPG point per US$1 day to day.
  • 2 SPG points per US$1 during stays with Starwood property.

From February 2017 onwards, earn rate will revise to following:

  • 1 SPG point per US$2 day to day.
  • 2 SPG points per US$1 during stays with Starwood property.

From now on, I will write more about how partner programs can help you in maximizing your membership programs and I call this series of articles 1+1>2.

[Credit Card] ANZ Switch MasterCard Platinum

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ANZ Switch

ANZ Switch MasterCard Platinum Credit Card

Some folks have asked me about Credit Card annual fees like which card should I pay annual fee for and the million dollar question: Which card has annual fee waiver for life?

So recently, I have started 2 credit cards with ANZ. They are ANZ Travel Card Visa Signature Credit Card and ANZ Switch MasterCard Platinum Credit Card. ANZ Switch MasterCard Platinum Card has annual fee waiver for life. So you will never have to worry about annual fee on this card.

Disclaimer: Use credit card responsibly.

[Travel] JetQuay: Changi Airport CIP Terminal

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So Madonna Rebel Heart tour is over in Singapore. How did she arrive and leave Singapore?
Private Jet: Yes
Terminal 1/2/3: Neither. CIP Terminal

Wait a minute. VIP is familiar to most people but what is CIP? CIP stands for Commercially Important Person. Examples of CIPs include Madonna, Gordon Ramsay and Lady Gaga just to name a few. Whenever a private jet or CIP lands in Changi Airport, they will be received and handled by CIP Terminal: JetQuay.

JetQuay Logo

JetQuay Logo

As mentioned in my previous post, I have decided to try JetQuay for the first time when I touch down in Singapore from Hong Kong. So here was my experience as a CIP.

Buggy Ride

Buggy ride from gate to JetQuay. My check-In luggage was retrieved in parallel by their staff.

Arrival in style

Arrival in style.

Bar

Bar

Food

Food

Drinks

Drinks and light food.

Drinks

Drinks

Food

Food

Table and bench

Table and bench: Casual

Cosy

Cosy: Homely

Group

Can fit group comfortably.

Exotic

Exotic corner.

Relax

Relax

Family

Family friendly.

Corner

Corner

Chill while waiting for DFS purchase.

Chill while waiting for DFS purchase.

Business

Can do some business.

Computers

Computers

Spiral

In front of JetQuay’s signature spiral stairs.

So this place looks very exclusive right? It is actually more accessible than many people think. All you just need is Standard Chartered Manhattan World MasterCard Credit Card which only require annual income requirement of SG$30,000. Any freshman who start work can access this. You can just call JetQuay for booking. For details, check my previous post.

Manhattan

Standard Chartered Manhattan World MasterCard Credit Card

[Credit Card] Miles

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Many people asked me about travel oriented credit cards. So which 1 to get? There is never a 1 card to own them all kind of credit card. So I recommend a combo to maximize your mileage accrual and travel benefits.

Here are 56 travel oriented credit cards that occupy a place n my wallet and how to use them.

PremierMiles

Citibank PremierMiles Visa Signature Credit Card

PrviMiles

UOB PrviMiles World MasterCard Credit Card

Altitude Amex

DBS Altitude American Express Credit Card

Altitude Visa

DBS Altitude Visa Signature Credit Card

[NEW!] American Express Singapore Airlines KrisFlyer Credit Card

American Express Singapore Airlines KrisFlyer Credit Card

ANZ Travel Card

ANZ Travel Card Visa Signature Credit Card (Soon to be gone…)

Travel Credit Card Comparison

Travel Credit Card Comparison

From above table, you will be able to see cells highlighted in green or red. Green means best in category while red means poor. As a starter, will recommend the following cards:

American Express Singapore Airlines KrisFlyer Credit Card.

The good:

  • Annual Income requirement: SG$30,000. (SG$60,000 for foreigners.)
  • 5,000 miles on 1st transaction which will effectively give you an earn rate of 5,000 miles per SG$1 if you charge just SG$1 on your 1st transaction. (No other credit card can beat this kind of earn rate.)
The bad:
  • Earn rate of miles is still quite lousy even after improvement. (Other than welcome bonus.)
  • Miles will be subjected to a 3 year expiry as they are directly transferred to your Singapore Airlines KrisFlyer account immediately.
  • No airport lounge benefit.
  • Travel insurance coverage is quite minimal. (Need to charge full airfare to credit card to enjoy benefit.)
The ugly:
  • No annual fee renewal bonus. So never ever pay for annual fee for this credit card. If you have an American Express Platinum Credit Card, it will be waived. If not, kill this credit card when they charge annual fee. You can reapply 6 months later with annual fee waived for 1 year.

Bottom line:

  • Use this as your Singapore Airlines KrisFlyer membership card after 1st transaction.

DBS Altitude Visa Signature Credit Card

The good:

  • Annual income requirement: SG$30,000.
  • Decent earn rate. (1.2 miles per SG$1 locally, 2 miles per SG$1 after FX conversion for transactions performed using FX and 3 miles per SG$1 on Singapore Airlines.)
  • 10,000 miles renewal bonus by paying annual fee of SG$192.60. (Earn rate of 51.92 miles per SG$1.)
  • No expiry for miles till transfer to programs.
  • Priority Pass.
  • Travel insurance coverage of up to SG$1,000,000. (Need to charge full airfare to credit card to enjoy benefit.)

The bad:

  • No welcome bonus.
The ugly:
  • Block redemption requirement. (10,000 miles per 5,000 points.)

Bottom line:

DBS Altitude American Express Credit Card

The good:

  • Annual income requirement: SG$30,000.
  • Decent earn rate. (1.2 miles per SG$1 locally, 2 miles per SG$1 after FX conversion for transactions performed using FX and 3 miles per SG$1 on Singapore Airlines.)
  • 10,000 miles renewal bonus by paying annual fee of SG$192.60. (Earn rate of 51.92 miles per SG$1.)
  • No expiry for miles till transfer to programs.
  • Travel insurance coverage of up to SG$1,000,000. (Need to charge full airfare to credit card to enjoy benefit.)

The bad:

  • No welcome bonus.
  • No airport lounge benefit.
The ugly:
  • Block redemption requirement. (10,000 miles per 5,000 points.)

Bottom line:

  • Pay annual fee for renewal bonus.

ANZ Travel Card Visa Signature Credit Card

The good:

  • Annual income requirement: SG$30,000. (Advertised to be SG$60,000. 50% discount! Woo!)
  • Decent earn rate. (1.4 miles per SG$1. Good for local not good for overseas as it will stay at 1.4 miles per SG$1.)
  • No expiry for miles till transfer to programs.

The bad:

  • No annual fee renewal bonus. So never ever pay annual fee for this credit card.
  • No airport lounge benefit.
  • No travel insurance benefit.
The ugly:
  • Block redemption requirement. (5,000 miles per 5,000 points.)

Bottom line:

  • Use this card only if you travel to Australia and New Zealand regularly.

Once your income increase to SG$50,000 per annum, that is when a new world opens up for you. 3 more credit cards can come into play.

American Express Singapore Airlines KrisFlyer Ascend Credit Card.

(Note: You can only hold 1 American Express Singapore Airlines branded credit card and no more than 2 American Express issued credit card at any time. Credit limit will also be split among 2 credit cards evenly.)

Ascend

American Express Singapore Airlines KrisFlyer Ascend Credit Card

The good:

  • Annual Income requirement: SG$50,000. (SG$60,000 for foreigners.)
  • 5,000 miles on 1st transaction which will effectively give you an earn rate of 5,000 miles per SG$1 if you charge just SG$1 on your 1st transaction. (No other credit card can beat this kind of earn rate.)
  • SATS Premier Lounge and Plaza Premium Lounge benefit.
  • Travel insurance coverage of up to SG$1,000,000. (Need to charge full airfare to credit card to enjoy benefit.)
The bad:
  • Earn rate of miles is quite lousy even after improvement. (Other than welcome bonus.)
  • Miles will be subjected to a 3 year expiry as they are directly transferred to your Singapore Airlines KrisFlyer account immediately.
The ugly:
  • No annual fee renewal bonus. So never ever pay for annual fee for this credit card. Kill this credit card when they charge annual fee. You can reapply 6 months later with annual fee waived for 1st year.

Bottom line:

  • Use this as your Singapore Airlines KrisFlyer membership card after 1st transaction.

Citibank PremierMiles Visa Signature Credit Card

The good:

  • Annual income requirement: SG$50,000.
  • Decent earn rate. (1.2 miles per SG$1 locally and 2 miles per SG$1 after FX conversion for transactions performed using FX.)
  • 10,000 miles renewal bonus by paying annual fee of SG$192.60. (Earn rate of 51.92 miles per SG$1.)
  • No expiry for miles till transfer to programs.
  • No block redemption requirement.
  • Priority Pass.
  • Travel insurance coverage of up to SG$1,000,000. (Need to charge full airfare to credit card to enjoy benefit.)

The bad:

  • No welcome bonus.

The ugly

  • Block redemption requirement (10,000 miles per 10,000 points with effect from 30 March 2017.)

Bottom line:

  • Use this card on day to day basis especially overseas or online. Always specify to pay in local currency when given a choice for maximum earn rate.
  • Priority Pass.
  • Pay annual fee for renewal bonus.

UOB PrviMiles World MasterCard Credit Card

The good:

  • Annual income requirement: SG$50,000. (Advertised to be SG$80,000. SG$80,000 required for foreigners.)
  • Best earn rate. (1.4 miles per SG$1 locally, 2.4 miles per SG$1 after FX conversion for transactions performed using FX and 3 miles per SG$1 on Singapore Airlines.)
  • Travel insurance coverage of up to SG$1,000,000. (Need to charge full airfare to credit card to enjoy benefit.)
  • JetQuay.

The bad:

  • No welcome bonus. (I got this card when there was a welcome bonus promotion. 15,000 miles by paying annual fee of SG$256.80. 58.41 miles per SG$1. Decent earn rate.)
The ugly:
  • Block redemption requirement. (10,000 miles per 5,000 points.)
  • 2 years point expiry. (Combine with block redemption requirement = FUGLY.)
  • No annual fee renewal bonus. So never ever pay annual fee for this credit card.

Bottom line:

  • Get this just for JetQuay.

Disclaimer: Use credit card responsibly.

[Deal] Priceless Singapore by MasterCard

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MasterCard has tied up with some merchants to offer good benefits. As they are famous for their campaign “Priceless”, they have a website to highlight benefits: Priceless Cities.

As I worked on booking things for my Hong Kong Trip next week, I looked through for benefits that I can possibly try for first time. One thing that popped up is JetQuay.

JetQuay

JetQuay

For those who are not aware of JetQuay, it is a special terminal in Changi Airport serving CIP. (Commercially Important Person. You read that right. Is not VIP.) It is located near to Terminal 2 of Changi Airport. Some dignitaries served by them include Lady Gaga and most recently Gordon Ramsay. (Just this week.)

So you may think this is something for rich and famous. Think again. You can enjoy JetQuay’s signature QuaySide service for free once a month for you plus one with Titanium MasterCard, World MasterCard and above. I saw this benefit on UOB PrviMiles World MasterCard Credit Card website and went ahead to book with JetQuay.

PrviMiles

UOB PrviMiles World MasterCard Credit Card

So what’s the catch? You must be flying on full service airline except for Delta, United, Swiss and budget airlines. You can be travelling on any class and you can enjoy this service for arrival or departure. Enjoy lounge before or after travelling, fetched to/fro gate by buggy and arrive/depart in style with dedicated immigration counters. Check-in luggage? No worries as they will collect it for you. Duty-free? Let them know what you want, pass them your passport, boarding pass and credit card. They will purchase them for you. Transport? They can arrange vehicle for you.

Looking forward to try this on arrival in Singapore. Review next week!

[Credit Card] Credit Report

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[Update 1/4/2016]: You can now apply for a free Credit Report from CBS if you apply for a Credit Card. Regardless of whether it is approved or not. Details here.

Was thinking of writing an article on credit report and Claudia from Cardable beat me to that. That was a good summary on credit report so kudos to that. You can read it at here.

After reading through that article, I thought I can add on to it. So here are some things that I will like to add on.

So how does a credit report look like? I have bought my credit report last July from Credit Bureau Singapore (CBS) and here is how it looks like.

Credit Report(Web)_Page_01

Personal Particulars. Important information: Date of Earliest Known Credit Account, Previous Enquiries, Accounts, Defaults, Bankruptcy Proceedings and Credit Limits

Credit Report(Web)_Page_02

Account Status

Credit Report(Web)_Page_03

Account Status

Credit Report(Web)_Page_04

Account Status, Previous Enquiries and Credit Score

Credit Report(Web)_Page_05

Adverse and Aggregate Outstanding Balances

Credit Report(Web)_Page_07

Explanation (Members and Account Status note on what each alphabet means.)

Credit Report(Web)_Page_08

Explanation (What each credit score means.)

Credit Report(Web)_Page_09

Explanation (Key Contributing Factors to Your Credit Score and Aggregate Outstanding Balances.)

Credit Report(Web)_Page_10

Explanation (Aggregate Outstanding Balances.)

Credit Report(Web)_Page_11

Charts on Credit trends for your age group

Some additional information on credit report:

Who are authorized providers for credit report?
  • CBS.
  • DP Credit Bureau. (Can give it a miss as they only got 5 members which are all members of CBS.)
Who can access your credit report?
  • Member financial institutions of each credit bureau.
  • You.
How much does it costs?
  • SG$6 including GST from CBS.
Where to buy? (CBS)
  • Online. (Singpass needed. Payment by Visa/MasterCard/eNETS.)
  • CBS Office at SGX Centre 1.
  • Singpost.
  • CrimsonLogic Service Bureau at Chinatown Point or Supreme Court.
  • CASE Office at Ulu Pandan Community Building.

Some pointers:

  • When banks reject your credit card application, they will never say why. Buying your own credit report may give you answer. It may be because:
    • Bank may think that you have too much unsecured credit.
    • Bank may think that you have too many credit cards.
    • Bank may see that you have high frequency of defaults.
  • You can have an AA score but still can get rejected for credit card application. (That happened to me.)

Disclaimer: Use credit card responsibly.

[Credit card] Primer

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You are now studying in Polytechnic/University or just started your first job and want to get your first credit card but do not earn more than SG$30,000 per annum? You can and there are options available: Credit cards with SG$500 credit limit.

Well, SG$500 credit limit may not seems much. But these cards served me well when I started on credit cards. They helped me in building up a good credit discipline and increase my spending power when combined.

So here are 2 credit cards that I started on with SG$500 credit limit each long time ago.

Here are the requirements on these credit cards:

  • Age requirement: 18 years old minimum at time of application. (21 years old for other credit cards usually.)
  • Nationality: Singaporean or Singapore Permanent Resident. (Foreigners on employment pass allowed with higher annual income required usually for other credit cards.)
  • Parent/Guardian consent required for applicant age below 21 at time of registration.
  • Must not be a principal credit card/credit line holder.
  • Non student: Minimum SG$18,000 income per annum. (Standard Chartered Manhattan Platinum MasterCard. Usually SG$30,000 minimum for other credit cards.)

What is required when applying for credit cards:

  • Photocopy of NRIC/Passport.
  • Computerized payslip (Latest minimum. Recommend to submit 3 months.), Income tax Notice of Assessment or 12 months CPF contribution statement. (Self employed individuals will need to submit more.)
  • Completed application form.

What to watch out when applying for credit cards:

  • Annual fee: About SG$30 for these cards. (Usually 1st year waived. Subsequent waiver at bank’s discretion.)
  • Credit limit: SG$500. (Usually 2-4x of your monthly income at bank’s discretion for other credit cards.)
  • Interest rate: About 24% per annum or a minimum amount as stipulated by bank. (Interest can be scary and you will be playing with your credit score if you default. You have been warned.)
  • Statement date: Please call bank after you received your credit card to know your statement generation/cut off date. (This will help you in planning your purchases.)
  • Payment grace period: About 20 days. Pay fully within grace period and there will not be any interest charge.
  • Cash advancement fee: About 6% of amount advanced or a minimum amount as stipulated by bank.
  • Other fees like late fee or over limit fee which you should never ever need to pay if your credit discipline is good.

How to decide which card to get:

  • Your spending habit/pattern:
    • If you are a party guy/gal that frequent Zouk, get Citibank Clear Visa as that credit card offer free entry and 1-for-1 drinks at Zouk.
    • If you are after cashback, get Standard Chartered Manhattan Platinum MasterCard as that credit card offers 0.25% cashback in this case.
    • For other credit cards, you will want to look at rewards on offer and flexibility in redeeming rewards.
  • Bank: If you have any bad blood with any bank or if bank does not has a good reputation, you will not likely want to get a credit card with them. Unless benefit is unrivalled.
  • Payment method:
    • Internet banking (Must have!)
    • SAM (Cut off time 5pm.)
    • AXS. (Cut off time 8pm.)
  • Payment network: Usually I recommend 1 Visa, 1 MasterCard and 1 American Express credit card per bank (At least 2 banks. Just in case 1 bank’s cards just all decide to die on you. It can happen!) for maximum acceptance across the globe. (JCB is an exotic 1 for Japan. Only offered by UOB in Singapore.)
  • Gold/Platinum/Visa Signature/MasterCard Titanium/MasterCard World:
    • Gold is like entry level for American Express. (E.G. American Express Singapore Airlines KrisFlyer Gold credit card.)
    • Platinum is like entry level for Visa/MasterCard/JCB. Premium for American Express.
    • Visa Signature is usually targeted at frequent flyers.
    • MasterCard Titanium is just a fancy gimmick by MasterCard in my opinion. Only offered by OCBC in Singapore.
    • MasterCard World is similar to Visa Signature in terms of level.
  • Contactless payment solution:
    • Visa payWave
    • MasterCard PayPass
    • American Express
    • EZ-LINK
    • NETS FlashPay

Hope this helps as a good start to your journey with credit cards.

Disclaimer: Use credit card responsibly.