Money Mind

General Category => The Common Lounge => Topic started by: 老曾记 on Oct 16, 2024, 10:07 AM

Title: Credit card minimum spend
Post by: 老曾记 on Oct 16, 2024, 10:07 AM
I realise many ppl struggling to achieve $500 minimum spend per mth, including me. Surprisingly frugal.

I was considering ocbc360 account and additional interest rate needs $500 minimum spend
Title: Re: Credit card minimum spend
Post by: Tuna seng on Oct 16, 2024, 10:33 AM
I easily hit yearly min spend
Title: Re: Credit card minimum spend
Post by: Imboredtodeath on Oct 16, 2024, 10:46 AM
Min spend will entitle u to what? Otherwise wont give u % interest?

Usually i thought last time min spend is for more atas cards

U put billing to your card like insurance, phone, pub bill etc lor?
Title: Re: Credit card minimum spend
Post by: Arctic on Oct 16, 2024, 10:53 AM
Quote from: default on Oct 16, 2024, 10:46 AMMin spend will entitle u to what? Otherwise wont give u % interest?

Usually i thought last time min spend is for more atas cards

U put billing to your card like insurance, phone, pub bill etc lor?

Use to pay bills sure hit

Else buy groceries and meals also will help
Title: Re: Credit card minimum spend
Post by: 老曾记 on Oct 16, 2024, 11:40 AM
Quote from: default on Oct 16, 2024, 10:46 AMMin spend will entitle u to what? Otherwise wont give u % interest?

Usually i thought last time min spend is for more atas cards

U put billing to your card like insurance, phone, pub bill etc lor?

Heard giro, payment of bills via axs is not counted.

If hit $500 minimum spending for the month, entitled to 0.6% extra of interest rate. Also not much actually.
Title: Re: Credit card minimum spend
Post by: Imboredtodeath on Oct 16, 2024, 11:43 AM
Quote from: oldchangkee on Oct 16, 2024, 11:40 AMHeard giro, payment of bills via axs is not counted.

If hit $500 minimum spending for the month, entitled to 0.6% extra of interest rate. Also not much actually.

Buy vouchers lor. But later u also got to spend the voucher. Ppl buy that to sell but not rly worth it if u factor in time and effort
Title: Re: Credit card minimum spend
Post by: Imboredtodeath on Oct 16, 2024, 11:44 AM
Quote from: oldchangkee on Oct 16, 2024, 11:40 AMHeard giro, payment of bills via axs is not counted.

If hit $500 minimum spending for the month, entitled to 0.6% extra of interest rate. Also not much actually.

Pay by credit card can right? Means auto deduct from cc every mth
Title: Re: Credit card minimum spend
Post by: Mummy1234 on Oct 16, 2024, 11:45 AM
I exceed min spend easily every mth. At least 2k spending, sometimes up to 6k.
Title: Re: Credit card minimum spend
Post by: 老曾记 on Oct 16, 2024, 11:50 AM
Quote from: default on Oct 16, 2024, 11:44 AMPay by credit card can right? Means auto deduct from cc every mth

Tiagong cannot. I will go check it out
Anyway it's probably only max of $50 additional into the added interest. Really not worth the effort

Voucher, not very sure. But if have to buy vouchers every mth to cope with the minimum spending... Will be unsustainable
Title: Re: Credit card minimum spend
Post by: Mummy1234 on Oct 16, 2024, 11:50 AM
I need to control my CC spending
Title: Re: Credit card minimum spend
Post by: Imboredtodeath on Oct 16, 2024, 12:36 PM
Quote from: Mummy1234 on Oct 16, 2024, 11:45 AMI exceed min spend easily every mth. At least 2k spending, sometimes up to 6k.

we dont make 20k+ per mth like u leh
Title: Re: Credit card minimum spend
Post by: Tuna seng on Oct 16, 2024, 12:49 PM
Title: Re: Credit card minimum spend
Post by: encourageSome1 on Oct 16, 2024, 02:00 PM
Quote from: oldchangkee on Oct 16, 2024, 10:07 AMI realise many ppl struggling to achieve $500 minimum spend per mth, including me. Surprisingly frugal.

I was considering ocbc360 account and additional interest rate needs $500 minimum spend

Huhhhh I didn't know hv topppid min spend
My money I want to spend 0.05 or 500 is my own biz ba
Why cos of cc co I need to spend min?!? This one underworld society
Title: Re: Credit card minimum spend
Post by: Mummy1234 on Oct 16, 2024, 02:03 PM
Quote from: default on Oct 16, 2024, 12:36 PMwe dont make 20k+ per mth like u leh

My basic only 7500 but going up to 11k plus. I don't make 20k a mth lah

That's why overspending
Title: Re: Credit card minimum spend
Post by: jim889 on Oct 16, 2024, 03:04 PM
lim peh cc bill smelly smelly 2k/m
 :frown:
Title: Re: Credit card minimum spend
Post by: jim889 on Oct 16, 2024, 03:05 PM
Quote from: Mummy1234 on Oct 16, 2024, 02:03 PMMy basic only 7500 but going up to 11k plus. I don't make 20k a mth lah

That's why overspending

chiu gp?
 :s11:
Title: Re: Credit card minimum spend
Post by: Mummy1234 on Oct 16, 2024, 03:43 PM
Quote from: jim889 on Oct 16, 2024, 03:05 PMchiu gp?
 :s11:

Yalor..
Title: Re: Credit card minimum spend
Post by: jim889 on Oct 16, 2024, 04:14 PM
Quote from: Mummy1234 on Oct 16, 2024, 03:43 PMYalor..

huai chiu nose specalise other thing ?
 :s11:
Title: Re: Credit card minimum spend
Post by: 老曾记 on Oct 16, 2024, 06:27 PM
Quote from: EncourageSome1 on Oct 16, 2024, 02:00 PMHuhhhh I didn't know hv topppid min spend
My money I want to spend 0.05 or 500 is my own biz ba
Why cos of cc co I need to spend min?!? This one underworld society

Eh no... The minimum spending is a requirement for an additional interest rate ocbc 360. Haha. if no hit, no interest nia.
Title: Re: Credit card minimum spend
Post by: encourageSome1 on Oct 16, 2024, 06:37 PM
Quote from: oldchangkee on Oct 16, 2024, 06:27 PMEh no... The minimum spending is a requirement for an additional interest rate ocbc 360. Haha. if no hit, no interest nia.

My first rule of thumb for anyth is
Buy only what I need
Not what seller needs me to do

Exception is voucher due tmr , and more than 10.00
So nthg also diedie must try to thk of something to buy
I hv bought books 📚 which aren't v urgent needed and nv read much
And pots pans for mom which she don't know but I don't hv need but got a voucher fr some lucky draw or some gift mybfd need to gift her to spend
Title: Re: Credit card minimum spend
Post by: encourageSome1 on Oct 16, 2024, 06:38 PM
Quote from: oldchangkee on Oct 16, 2024, 06:27 PMEh no... The minimum spending is a requirement for an additional interest rate ocbc 360. Haha. if no hit, no interest nia.
I rather forgo e interest cos I don't hv much $ either to grow that big diff in real value for interest
Title: Re: Credit card minimum spend
Post by: Mummy1234 on Oct 16, 2024, 06:48 PM
Quote from: jim889 on Oct 16, 2024, 04:14 PMhuai chiu nose specalise other thing ?
 :s11:

Lazy to study more, take exams and do night duties.
Title: Re: Credit card minimum spend
Post by: Philipkee on Oct 16, 2024, 06:57 PM
Quote from: oldchangkee on Oct 16, 2024, 11:40 AMHeard giro, payment of bills via axs is not counted.

If hit $500 minimum spending for the month, entitled to 0.6% extra of interest rate. Also not much actually.

Interest rate or rebate?
Title: Re: Credit card minimum spend
Post by: jim889 on Oct 16, 2024, 07:00 PM
Quote from: Mummy1234 on Oct 16, 2024, 06:48 PMLazy to study more, take exams and do night duties.

night duty ish choh boh one mah. anyway nao the loh koon registrar jin yang rook like xdd
 :D
Title: Re: Credit card minimum spend
Post by: 老曾记 on Oct 16, 2024, 07:07 PM
Quote from: Philipkee on Oct 16, 2024, 06:57 PMInterest rate or rebate?

Interest rate for ocbc360

Additional 0.6% interest for your savings
Title: Re: Credit card minimum spend
Post by: Chao seng on Oct 16, 2024, 07:18 PM
Try not to have this mindset of having to hit minimum sum per month to get additional interest/cashback for your cc..

Dun spend for the sake of spending..if there's really nothing to buy, dun force it.


CheerS!!!😉
Title: Re: Credit card minimum spend
Post by: 老曾记 on Oct 16, 2024, 07:55 PM
Quote from: EncourageSome1 on Oct 16, 2024, 06:37 PMMy first rule of thumb for anyth is
Buy only what I need
Not what seller needs me to do

Exception is voucher due tmr , and more than 10.00
So nthg also diedie must try to thk of something to buy
I hv bought books 📚 which aren't v urgent needed and nv read much
And pots pans for mom which she don't know but I don't hv need but got a voucher fr some lucky draw or some gift mybfd need to gift her to spend

Yes I agree totally. Don't buy for the sake of achieving CC minimum 👍
Title: Re: Credit card minimum spend
Post by: 老曾记 on Oct 16, 2024, 07:55 PM
Quote from: GhostZM on Oct 16, 2024, 07:18 PMTry not to have this mindset of having to hit minimum sum per month to get additional interest/cashback for your cc..

Dun spend for the sake of spending..if there's really nothing to buy, dun force it.


CheerS!!!😉

Yes Ghost kor I totally agree 👍
Title: Re: Credit card minimum spend
Post by: Aisingioro on Oct 17, 2024, 07:36 AM
if only you could 'borrow' some of my work-related spending to meet minimum

2-3 nights of hotel on work trip can already cross 500 SGD
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