[ad_1]
SINGAPORE: A Reddit person lately shared some shocking information concerning the POSB On a regular basis Card. The cardboard used to offer a 3% money rebate whenever you shopped at Watsons, which was fairly a very good deal.
However efficient Oct 1, it’s going to be decreased to 0.3%. Which means should you spend $100, you’ll solely get 30 cents again in rebates.
Reddit customers had totally different opinions concerning the change, however most weren’t joyful about it.
Some of us weren’t joyful in any respect. One particular person commented, “So you’ll solely get 30 cents for $100 spent? What an incredible deal.” They had been upset with the decreased advantages.
One other particular person mentioned they might cancel their card, saying, “Lol this was the one purpose I used to be nonetheless holding this card. Time to cancel!” It looks like the money rebates had been a giant purpose they saved the cardboard, and now that it’s much less rewarding, they’re able to half methods with it.
Some folks even famous that occasions are robust when banks are slicing money rebates. It’s an indication of fixing occasions on the earth of bank card rewards saying, “Instances are exhausting when even banks are slicing money rebates”
However not everybody was upset. One particular person tried to discover a silver lining, joking, “Fret not, guys! You possibly can nonetheless proceed to posb every day$ at Watsons retailer!!! lolz.”
Other than the adjustments to POSB money rebates at Watsons, DBS has made different vital updates to their financial institution playing cards, affecting totally different elements of their companies.
- Money Withdrawal Restrict: Efficient from 10 Sept 2023, a every day money withdrawal restrict of S$15,000 applies to native and abroad ATMs, whatever the variety of playing cards you’ve gotten.
- DBS Altitude Card: Card profit adjustments are anticipated from 1 August 2023, affecting how cardholders earn miles.
- Miles Accelerator Promotion: This promotion will stop from 1 July 2023. Registered cardmembers can proceed to earn 1 extra mile on eligible spend till 30 June 2023, with a last 2% administrative price charged by 31 July 2023.
- DBS Stay Recent Card Cashback: Adjustments to the cashback awarding construction, initially scheduled for 1 April 2023, have been postponed till additional discover.
- DBS Stay Recent Card Cashback (Efficient 1 April 2023): The cashback awarding construction will likely be revised to supply a clearer overview of bonus rewards earned in card statements.
- Curiosity Price Improve: Ranging from 01 April 2023, a rise within the Credit score Card Retail Curiosity Price to 27.8% p.a. for card transactions and 28.5% p.a. for money advances will apply.
- DBS Treasures Black Elite Card (Efficient 1st January 2023): No new purposes will likely be accepted, however present cardholders can proceed utilizing their playing cards as standard. For different card choices, go to dbs.com.sg/playing cards.
Bear in mind, it’s important for cardholders to remain knowledgeable about these updates.
Ship in your scoops to information@theindependent.sg
– Commercial –
[ad_2]
Source link
