Dec 24 2011, 06:10 PM
QUOTE(bertdeen30 @ Dec 23 2011, 06:23 PM)
2.48%) rebate + interest .
if you spend rm 5666 monthy x 12 = 68000 yearly .
you may gain 880 + 600 = 1480 ( equivalant of cash rebate 2.2%)
spend RM5K/month every month and your returns without interest = 1.46%if you spend rm 5666 monthy x 12 = 68000 yearly .
you may gain 880 + 600 = 1480 ( equivalant of cash rebate 2.2%)
And if you spend RM7.5K/month every month, your returns without interest = 1.64%
In my blog, I have given an example showing than one earns less than 1.5% with RM100K per year spending (where each month the transaction amount is different).
QUOTE(bertdeen30 @ Dec 23 2011, 06:23 PM)
THE PRO is If you able to spend monthly rm9000 
you get rm50x 12 = rm 600 (cap rebate)+ rm 1800 (bonus) = rm 2400 ( = 2.48%) rebate + interest .
so if you are big spend can get 108k a year to spend . each actually very good much better than alot of 0.5% unlimited. (rm108k x 0.5% = rm540 only)
Yes, this card is good if you spend RM108K per year, like in your case where you use your credit card to pay for company monthly fixed expenses. But spending more than RM108K, your returns becomes less, is like you are penalized for spending more you get rm50x 12 = rm 600 (cap rebate)+ rm 1800 (bonus) = rm 2400 ( = 2.48%) rebate + interest .
so if you are big spend can get 108k a year to spend . each actually very good
much better than alot of 0.5% unlimited. (rm108k x 0.5% = rm540 only)
If you spend RM14K/month every month, your returns without interest = 1.43%
Side note, next time your company is being audited/investigated by LHDN, let us know if the investigating officer query you on the reimbursement vouchers made to your name (RM100K is a big amount and I doubt they will miss it). I was questioned for RM10K reimbursement few years back
If no, all of us can go offer our services to companies and give them like 0.5% discount and earn extra pocket money 
Like I mentioned in my article on Hong Leong Bank Fortune Visa Cash Back (click here to read it), this card is complicated (for personal use) and the cardholder has to waste time keeping track of his/her expenses.
If this card was so good, all the big spenders here will be holding this card, but I guess they got no time to go keep track of all their expenses, because if one miscalculate, they be losing out hahaha
To ALL big spenders (for personal use) that requires a Visa or MasterCard for local spending, your other options besides HLB Fortune are:
Seriously, if one spend up to RM9K per month (or RM108K/year), the best card is get is Alliance Bank Premium Debit Card which earns the cardholder guaranteed 2% for every transaction, credited monthly instead of yearly.
And if one spend RM5000 per month, the best credit card is Alliance Bank Platinum where the cardholder can earn guaranteed 1.5% cash back PLUS points which will also add up to close to 2%.
And with the two Alliance cards above, you can have up to RM14K expenses which can earn you guaranteed more than 1.5% cash back. And with this two cards, can get free access to KLIA and LCCT Plaza Premium Lounge.
And for AMEX charge card holder that spends above RM20K per year, look into Turbo points for next year i.e. March or April
but also has a cap on the total bonus points.
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