Credit Card Optimization Strategy October 2022

 

Grabpay will be nerfed this month, so need to further optimize my credit card strategy. 

To get the most rebate from my utilities and recurring bills, I will use UOB One credit card. 3.33% cash rebate given every quarter with min spend of $500. This works well for me because it gives an additional 1% cashback for SP service(4.33%) and additional 5% for simplygo Mrt/bus rides(8.33%). You need to clock in 5 transactions per month, so what I do is to set recurring payment for my Senoko, Gomo, Sp Service and Singtel wifi, then tap at least once for MRT ride. If I don't take any MRT ride in that month I can top up $1 to Singtel bill to hit the min 5x transaction.

UOB One should be the highest cash rebate card for utilities right now. 

For miscellaneous spending don't use Amex TCB(1.5%) or UOB absolute(1.7%) or Stanchart Spree(2%), use Citi rewards instead and tag it into your Amaze card so that all your spending will be online spending hence giving u min 2.3% cash rebate(if you convert your points to vouchers you get 3%)

UOB One(3.33-8.33%): Utilities/MRT rides

Citi cash back(6-8%): Petrol, Dinning, Groceries

Citi reward with Amaze(2.3%): Miscellaneous spending