FWD endowment plan

I come across FWD endowment plan ads placed on The Straits Times this Sunday morning (20/08/2017).

Usually, I don’t encourage to purchase investment-linked endowment plan, but this endowment plan from FWD is a low cost and basic endowment plan that anticipated future growth.

Features of this plan
1) Guaranteed returns of 2.02% per annum
2) Maximum of S$15,000 per person
3) Lock-down for 3 years
4) The capital is 100% guaranteed

FWD endowment plan 2.02% p.a

After reading the information online, I decided to park $15,000 into this plan.
Why?
1) There is no better fixed deposit rate higher than 2.02% p.a. By end of 3 year, eg: 20/08/2020, I’ll get back $15,927.

2) The capital is 100% guaranteed and protected under SDIC’s Policy Owners’ Protection Scheme

3) Come with limited death benefit coverage

Limitation?
1) I was looking for bigger capital amount to start but FWD only accept maximum of S$15,000 per person.

2) The break even point is on the 29th month. So, only invest or lock down your fund if you do not have any financial commintment in the next 36 months, for example: wedding, housing, etc.
FWD endowment plan surrender value

3) Will interest rate rise within the next 3 years?

This promotion is available until 21 August 2017

Get $100 off from $200 spend on RedMart

Big lobang from RedMart!

Up to $100 off, spread over your first 4 RedMart orders each above $50.
Which means that spend $200 to get $100 discount.

How it works:
Step 1: Only for first time customer at RedMart.
Step 2: Place an order of $50 or more with your $25 discount applied
Step 3: Receive your order and unlock your next discount

Repeat steps 2 and 3 until you reach 4 orders to enjoy $100 off!
You must place all 4 orders within 90 days of your 1st to enjoy this promotion.

RedMart $100 off

Remember to read the T&C.

Links: Get $100 off for first 4 orders from RedMart

EZ-Link Rewards Program

Nowadays everything also have rewards and loyalty program.

If you’re using EZ-Link for your public transports, then I would suggest you to maximise the benifits of using EZ-Link.

I believe, you know what is EZ-Link card. Beside, using for public transport, you can use EZ-Link card at F&B outlets, shopping and retails, leisure & entertainment, Government services and many others. Check-out the Where to Use Your ez-link card page.

I. Free Card Protection Service
Did you know that you can sign-up for lost card coverage program when you lose your EZ-Link card?

Click to register ACTIVATE! Programme.

EZLink-ACTIVATE

Three main benifits of ACTIVATE!:
1. Free card blocking service should you lose your EZ-Link card
2. Tracking of card transaction history
3. Free lost card coverage program which protects you for up to S$15 should there be unauthorized usage of the EZ-Link card after you have reported it lost.

II. EZ-Link Rewards with Perx!
Did you know that you can earn rewards by travelling with your ez-link card? You can earn points for every ride you make and redeem various rewards with your points collected.

The Perx program rewards commuters using EZ-Link card for making trips on public transport. You may earns 25 points or 50 points depening which type of card used.

For example,
25 points per trip will be awarded to a normal adult EZ-Link card, while 50 points per trip will be awarded to a PAssion-EZ Link card.

So, best is to register co-brand EZ-Link card, such as bank issued credit/debit card with EZ-Link fucntion.

This step is quite easy.
1. Download Perx app from App Store or Google Play store.
2. Link your EZ-Link card to the Perx app.

What can I used Perx points for?
You can redeem Perx points for free stuff, discount voucher, lucky draw. More details can be found on the Perx site and mobile app.

III. Earn cash with Travel Smart Rewards (TSR)
TSR is an incentive programme by the Land Transport Authority. TSR encourages commuters to shift their commute outside of the morning peak period based on the personalised travel planner messages.

You can earn TSR points for all your travels on the MRT/LRT on weekdays. Each trip can earn you 10 TSR points as a General TSR user and 15 TSR points as a Corporate-Tier TSR.

No points will be given for travels on buses. Travel on MRT/LRT on Saturdays, Sundays and public holidays will not get TSR points too.

Signup to get 250 bonus points now: Travel Smart Rewards

What are the TSR points used for?
The conversion rate for cash payout is every 1,000 TSR points to SGD$1.
Assuming a commuter is taking 2 MRT trips on a working days.
To get $1 cash back:
General TSR user will need to make 100 MRT/LRT trips (1000/10), that’s 50 days to earn $1.
Corporate-Tier TSR user will need to travel 67 trips (1000/15), which is about 34 working days to get back $1.

My comment:
I think this ACTIVATE! program is a good initialive from EZ-Link, but Perx and TSR is not really attrative to me.
Anyway, just make one-time effort to sign-up Perx and TSR. It’s an effort-less to earn a very small cash back.

So far, I have 71K Perx points, but have no ideas what to do with it.

On 22 Apr 2017, I joined TSR as Corporate-Tier user.
As of 12 June 2017, I’ve clocked 2540 TSR points (worth $2.54).

Aiyah, barely enought to buy 2 cups of kopi from coffee shop. 

Shopping Malls Loyalty Programme

Spend time at shopping malls is one of the favourite past time among the local.

There are lots of shopping malls in Singapore and two of the Singapore’s largest mall operator are CapitaLand Mall Asia and Frasers Centrepoint. Both operators have introduced loyalty and rewards programme that rewards shoppers with points when they make purchases at their malls in Singapore.

Today, I will be comparing 2 rewards programme CAPITASTAR and Frasers Rewards in brief.

shopping malls rewards compare

Where to shop?
CapitaLand Mall Asia (CMA) has 15 participating malls, while Frasers Centrepoint Malls has 12 participating malls across Singapore. In term of location, these malls are in the city area, Orchard Road and various neighbourhoods. They are well located and easily accessible.

A plus point for Frasers Rewards because they have a lower minimum purchase value (which is $10) to earn a point.

How to earn points
shopping malls rewards compare

You need to scan and upload receipt through their respective mobile app within 24 hours. Your points will be awarded 7 working days after receipts are verified.

Both programmes give you double points during your Birthday month.

CapitaStar has an advantage as they have partnered with PAssion Card and American Express to allow you to earn extra points.

PAssion Card-CAPITASTAR Earns Extra 1.5X STAR

To speed up point accumulation, it’s best to link up your PAssion Card with CapitaStar, which enable you to earn extra 1.5X STAR$. If you pay your shopping with American Express issued CapitaCard, you would earn extra 3X STAR$ up-to 10X STAR$.

How much your point worth?
shopping malls rewards compare

Both rewards programme yield the same exchange rate.

For CAPITASTAR, you can redeem your STAR$ for CapitaVouchers, while Frasers Rewards is converting Frasers Points to Frasers Rewards Gift Card.

The return rate for CAPITASTAR is as low as 0.1%.
5,000 STAR$ = $5 CapitaVoucher
If you spend $5,000 on supermarkets and food courts to earn 5,000 STAR$, the rate will be 0.1% (5/5000).
Or if you spend $1,000 (5X STAR$, without factor in the bonus points), you will get back $5, which the rate is 0.5% (5/1000).

As for Frasers Rewards, the return rate is also low as 0.1%.
Every 500 Frasers Points = 0.5% rebates (loaded into Frasers Rewards Gift Card) which equivalent to $2.50
Same example as above, spend $2,500 on supermarkets to earn 500 Frasers Points = 0.1%
Or spend $500 on non-supermarket purchases to earn 500 Frasers Points = 0.5%

I think to spend $500 in a year (or monthly $42 average) at participating Frasers Centrepoint Malls is very possible.

shopping malls rewards compare

Lastly, we look at validation period and point expiration.

For CapitaStar, STAR$ earned in a calendar year will expire on the 31 December of that year. However, shoppers are given an additional six months´ grace period to redeem their STAR$.

For Frasers Points, you can redeem them for rebates anytime from 1 October of the current year to 31 December of the following year.
Fraser Points Expiry

My comment
Both programs offer similar rewards so I would suggest to sign-up both CAPITASTAR and Frasers Rewards. Depending on where you live or your favourite shopping malls, just focus on earning points from one program as fast as possible.

Maybank Credit Cards and CreditAble signup promotion

Receive free 1 pair of Universal Studios Singapore tickets and 2 pairs of Adventure Cove Waterpark tickets worth S$304 with Maybank Credit Cards and CreditAble.

Just apply for 2 new Maybank Credit Cards and CreditAble, and charge to your Credit Card and/or withdraw from your CreditAble Account a minimum of S$300 within the first month of approval.

Only valid for following cards and CreditAble credit line only

  • Family & Friends
  • Horizon Visa Signature
  • Platinum Visa
  • Manchester United Platinum Visa

3-year annual fee waiver on Family & Friends Card, Horizon Visa Signature Card and Platinum Visa Card
2 -year annual fee waiver on Manchester United Platinum Visa Card and CreditAble

Terms and Conditions for Credit Card and CreditAble Promotion (PDF)
Only new Maybank Credit Card and CreditAble applicants
Have not cancelled their existing Maybank Credit Card(s) or their existing CreditAble account within nine months prior to the start of this Promotion.
Apply online and Free Standing Insertion (“FSI”) in TODAY (29 May 2017)

Review
Based on RWS website:
a) an adult one-day Universal Studios Singapore ticket is S$76
b) an adult one-day ticket is S$32 (Singapore Resident) / S$38 (General Admission)
So, the free ticket is worth between $280 and $304.
To charge S$300 within the first month is quite easily do-able.

It is really up to your lifestyle to select 2 cards from the list.

S$40 cash rebate with a DBS Credit Limit Review

Increase your spending power and maximise the benefits of your DBS Credit Card with a Credit Limit Review!
Plus, get S$40 cash rebate if your credit limit is increased and approved by 30 June 2017!

See DBS promotion page

Terms and Conditions
a) for DBS/POSB Credit Card and Cashline Customers Credit Limit Review application is submitted via DBS website, DBS iBanking or DBS Digibank App
b) credit limit increase is successfully approved by 30 June 2017
c) S$40 will be credited to your account by 31 August 2017.

Review
1) It is a no-brainer to apply for a credit limit review
2) The easiest way is to submit your CPF NOA (in pdf) online

Shopping Rewards Programme

Shopping Mall and Retail Rewards
CapitaStar
Frasers Rewards
Related Post: CAPITASTAR and Frasers Rewards
AsiaMalls’ AMperkz
VivoCity Rewards
Changi Rewards
Sands Rewards LifeStyle
BHG Rewards Card
ION+ Rewards
Suntec Rewards

Membership Rewards
PAssion Card and TapForMore
NTUC Membership

Transport Rewards
Travel Smart Rewards
EZ-Link Rewards with Perx
Related post: EZ-Link Rewards Program
ComfortDelGro CabRewards