hi hi~
noob question here.
sorry but quick search didnt find any post for my question thats why im asking...
concerning the CB bracket for Alliance Bank Visa Signature 5%
if i spend RM2,001 to qualify for the 5% bracket...
do i get 5% for the entire RM2,001 ( RM100.5)
OR
0.05% cashback of RM1,000 = rm0.50
0.50% cashback of RM2,000 = rm5
5.00% cashback of RM1) = rm0.05
total only get rm5.55 cashback for RM2,001 spend?
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meaning i would actually need to spend RM3,000 total to reap max benefit of the 5%
equivalent to getting potential CB of RM55.50 (by spending RM3,000)?
RM55.50 sounds more likely than the rm100 scenario... which means its not that great of a card...?
I find Alliance Signature a flexible cash back card as it practically has no categories restriction.
JomPay, Insurance installment, Nirvana installment, Utilities, any retails transactions all count towards RM3k spend.