I was notified that Maybank eCard Platinum Card has been renamed to Maybank Visa Platinum with new product benefits.

As such, I would like to share with you the new features of Maybank Platinum Visa Credit Card.

If you are a movie junkie and karaoke lover, this credit card suits you the best.

Exclusive Privileges

1) Enjoy 1-for-1 Movie at WE-Cinemas

• Limited to the first 100 ticket redemptions per week at WE-Suntec and WE-Westmall for Maybank Cardmembers
• For Box Office purchase only
• Maximum redemption of 2 free tickets per visit

2) Get High With 1+1 Karaoke at K Box

• Cardmember and 1 guest get free entry. At least 1 standard drink has to be ordered each
• Applicable for the following sessions:   Monday to Friday “K Happy Session” (check-in between 2pm – 7pm) and Sunday to Thursday “K Golden Session” (check-in after 7pm)

3) Everyone Loves 1-for-1 Coffee at Spinelli Coffee

• Get a free regular 12oz latte with purchase of any regular-priced item
• Limited to 4,000 latte redemptions per month across all participating outlets
• Participating Spinelli outlets: • China Square Central • Forum The Shopping Mall • HarbourFront Tower I • IBM Ph 2 Building • Orchard Central • Peninsula Hotel Shopping Centre • Straits Trading Building • Velocity @ Novena Square • King Albert Park • Far East Square • Great World City • The Heeren Shops • One Raffles Quay • Singapore Changi Airport T2 – Level 2 • Singapore Changi Airport T2 – Level 3 • The Strategy • Plaza 8 @Changi Business Park

Apply yours now!

Image by .coomb. via Flickr

I bet payment by NETS sounds familiar to you if you live in Singapore.

NETS Is Most Common Mode Of Cashless Payment

Not all shops accept credit cards but almost all shops in Singapore accept NETS as a form of cashless payment.

You can even make bills payment at SAM and AXS machines using NETS.

I rarely make cash payments nowadays unless there isn’t a choice for me to do so.

Since so much money is paid out using NETS, why not find a way to have cashback since the money is meant to be spent anyway.

XtraSaver Account Debit Card

I found out that XtraSaver Account Debit Card offers 0.5% CashBack on all NETS transactions.

This means that I can save 0.5% off anything by using XtraSaver Account Debit Card to pay off the bill through NETS.

0.5% Cashback on S$100 is S$0.50!

S$0.50 is nothing?

These few months, my Singtel UOB Credit Card bill comes up to about S$550 due to some installments payments. I paid off the bill through SAM machines using XtraSaver Account Debit Card and I was able to get about S$2.75 back in Cashback!

Save Money

I had saved S$2.75 off the S$550 bill payment!

It is important to save every cents possible, every cents saved is cents earned!

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Image via Wikipedia

After I sold my car a few years back to save money, my main mode of transport is by public transport such as bus and MRT.

It  really is about 10 times cheaper taking public transport, from S$1000 reduced to about S$100 per month. Imagine the amount of money saved just by taking public transport.

However, the transport fare is getting more and more expensive. Recently, Public Transport Council had approved a 1 per cent public transport fare hike which was effective last month on 8th October.

On Friday morning, the PTC announced that from Oct 8, adult card fares for buses and trains will increase by 2 cents per journey.

Senior citizen concessionary fares will increase by 1 cent per journey. There will be no change to child and student concessionary card fares.

On average, the PTC said the fare hike works out to about a rise of 15 cents per week for 85 per cent of commuters.

read more

My solution to save money on public transport is by using POSB Everyday Card to pay for transport fare.

It is a credit card as well as and ez-link card, by using the EZ-Reload feature which will auto top-up when the fund runs low, you can get 2% back in rebate.

I do not need to worry about the need to top-up the fund when funds run low and get 2% rebate at the same time :)

POSB Everyday Card will remain to be my main way of paying for transport fare until i can find better rebate elsewhere.

Cheers!

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Image by BankSimple via Flickr

Is it not exciting to know that you can save money on everything that you spend money on?

There are actually multiple ways to do so, however I only stick to one that I am most confortable with.

I can save 2% on all that things that I spend money on by using Standard Chartered XtraSaver Debit Card with comes with their XtraSaver Account.

You might think that 2% is nothing, or an amount too small to bother about it.

But hey, its your money!

Money that you worked your ass off to earn it!

Money Saved Is Money Earned.

The actual amount of money earned is actually the money you are able to save at the month’s end. It is important to realise this fact.

For S$1000 paid using XtraSaver Debit Card, you get back S$20 cash back at the end of the month.

Compare this with S$1000 saved in a POSB savings account, which offers only 0.05% p.a. interest, you get S$0.04 per month!

Nowadays, all my expenses are concentrated on this card as it gives me 2% cashback automatically, it beats all other cards because I don’t need to get headaches about what things to redeem.

Save money, Be happy.

Related articles

• When it comes to money, are you a spender or a saver?
• “Pre-paid debit cards are a rapidly growing financial services phenomenon mostly out of sight to many…”

Financial education is very important in one’s life. No matter how much you do not like numbers and calculation, its still a “must have” skill in this area.

Everyday you are making financial decisions, no matter big or small, and it does impact your future financial wellness.

Have you given much thought about these key financial decisions in your life?

• Managing Your Cash Flow
• Buying A House Within Your Means
• Taking Charge of Your Healthcare Costs
• Securing Your Retirement

CPF board is launching “Are You Ready?” to educate Singaporeans on planning for their financial decisions in the areas listed above.

There are now 2 free talks available for registration for young working adults and those reaching 55 soon.

Click here to register 

Are You Ready?

Remember, the best investment is in yourself :)

Withdrawing funds From POEMS is easy.

How To Withdraw From POEMS?

You can Submit online withdrawal form via POEMS > STOCKS > ACCT MGMT > Online Forms.

When you reach the online withdrawal form:

1) Enter the amount to be withdrawn
2) Choose one option on how you want to withdraw your funds
3) Click the “submit” button by scrolling to the bottom of the online form

Cheers

Yes, its true, the stock market is addictive.

After my first contact with shares, I find myself keep going to POEMS website to check the stock prices.

Especially in this volatile market for the past few weeks. When I notice the price of the stock that I am interested in drops, I bought some only to find them dropping even lower :<

I realise that it is unhealthy to me to do so.

Sometimes I really wonder if I had made the wrong move to touch the stock market. But I know it is a learning process for me. Even If I had made losts, I would treat it as paying school fees. But it is only paper lost if I didn't sell them away.

Investing is the only way to grow wealth and it is important not to be greedy. Only use money excess money that you can afford to lose.

I invest in books to grow my knowledge, I invest in stocks to grow my money.

Work -> Save -> Invest -> Work -> Save -> Invest

Stock Market is exciting, but living a good life is even better!

Finally, I opened my trading account! I have been wanting to open a trading account in the past, but I was lazy to do so for whatever reasons.

I opened the trading account with POEMS and just started to learn to invest my hard-earn money.

As I was excited when my account was ready for trading, I bought quite a bit of shares only to have the market crash over the next few days.

In order to know more, I attended the Invest Fair 2011 which is held at Suntec over the past weekend.

It is quite enriching for me as I was like a blank board absording as much information as possible.

Learned a few things here and there.

I was initially attracted to a few trading courses offered, but was put off by the high cost involved, easily cost $2000-$3000 to attend!

I am not ready for those trading courses as I am still a novice and did not have a mountain of money to play with. Maybe in the future when I have some spare cash, I can consider about it.

In the past, I only concentrate on finding the best savings account that gives the best interest rate.

I come to realise this is not the way to accumulate wealth.

My money needs to work harder to beat inflation at the minimum!

Get free $50 by applying for standard chartered credit card now.

I mention in my previous post, How To Save Money On Wedding Banquet, that Standard Chartered Manhattan Platinum Credit Card offers one of the best cashback.

I am sorry that this is a bit late to post this now as the qualifying period for this promotion is from 9 May – 30 June 2011, so you only left a few more days to do so.

Apply for the qualifying card types (Visa Platinum Card, MasterCard Platinum Card, Business Platinum Card, NUS Alumni Platinum Card, MANHATTAN Platinum Card and the Prudential Platinum Card) and remember to key in the correct promotion code: ONLINE50

Send in your supporting documents as soon as possible as there isn’t much time left. By email is the fastest.

Spend any amount on the credit card within the first month after you receive it to receive the $50 rebate.

I had applied MANHATTAN Platinum Card last month and used it to buy a shirt that cost $49.90 and I got the $50 rebate! I love free money :)

Link: Qualifying card types

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How to save money on wedding banquet? With a bit of research on the internet, I have found a way to do so.

Some people may like to clock reward points onto their credit cards, but I prefer cashback the most, because I can use the cashback on things I really wanted to buy instead of restricting myself to the redemption offered by the banks which usually is quite useless to me.

Wedding banquet is very expensive and involved a big amount of money. With a table easily costing over $1000, It easily mounts to $30k and even higher!

I find that Standard Chartered Bank offers the best cashback with their debit and credit card.

Standard Chartered XtraSaver Debit Card
- offers 2% cashback (cap at $300 per month)

Standard Chartered Manhattan Platinum Credit Card
- offers 5% cashback (cap at $200 per quarter)

I can charge a amount of:
- $15,000 to XtraSaver Debit Card to get the max of $300 cashback
- $4,000 to Manhattan Platinum Credit Card to get the max of $200 cashback

I got my wife to apply for Standard Chartered Manhattan Platinum Credit Card too!

In total, we can get $700 cashback on amount of $23000. The rest of the bill can be charged to other cards to earn points or get 0.5% rebate using SingTel-UOB Platinum Credit Card which can offset my Singtel bill!

Never use cash to settle your banquet bill, you will miss out on the enormous amount of points or cashback.

Every cents saved is money in your pocket~

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