I guess with bonus, the benefits is it’s simple, right? You know, there’s a title level that you’re going to get, even 1.7, 1.8 per cent. The best rebate cards currently available, in my opinion, has a 2 percent minimum spend cap and no hoops to jump over.
But the downside is, if you want to meet these headline rates that a lot of them are promoting, some are saying up to 20 per cent cashback, or up to 10 per cent or up to 8 per cent, there’s an asterisk next to that, saying that you need to spend on this specific thing every quarter, minimum spend, and it’s capped at whatever 200 ( dollars ) per quarter. So there are hats to those items.  ,
Andrea:
And I wonder as well, whether it’s on when you have that kind of cards.
For example, if I’m moving to a new home and I know I’m going to get plenty of large ticket things, that’s going to chalk up plenty of either miles or cash rebates, because I’m chalking up a huge bill.
Tim:
So I think that’s even another thing to consider, in the next form of six to 12 weeks, are you going to include a huge investment? If so, do you know which cards to put it on?
Because it might not make sense to simply put it on a card and receive yards or perhaps some bonus.
And that’s the point with some of these cards, even the miles cards, they have caps on the four-mile per dollar form of variety, you can only make it up to S$ 2, 000 a quarter, or S$ 1, 000 per declaration month, whatever it is. And that might not be practical if you’re spending a lot of money in one go.
Similar thing with bonus. There are monthly fees, and it might not make sense to spend as much as you do the first month if you don’t invest perhaps the least the following month.
There are definitely things you need to think about, but I may add that the decision is another factor to think about.