there are rm200 tesco voucher promo for alliance bank cc at ringgitplus now. any card recommendation? plan to apply to get the free voucher hehe

After RM3K spending, you earn 0.3%. So yes, once you go above RM3K, you don't enjoy 3%.

Example you spend RM3,500, the cash back yo get:

First RM1K x 0.50% = RM5
Second RM1K x 1.5% = RM15
Spend RM3K a month you get additional RM1K x 3% = RM30
For balance RM500, you get RM500 x 0.03% = RM1.50

TOTAL cash back for RM3500 spent = RM61.50 (1.835%) And the more you spend above this about, the effective cash back reduces further. In toerh words, the cad is good for up to RM3K spending (unless if you get discount).

Once you are able to comoprehend the above about Tiered Based Cash Back - click here to my article The Best Cash Back Credit Card Combination where I will show you how to optimize cash back returns with increments of RM500.

I was also looking at that. One particular card is You:nique Rebates. Which gives up to 3% cash rebates for expenses up RM3,000.

RinggitPlus seems to suggest there is a cap of RM90 for expenses up to RM3k, but GenX is saying otherwise. Which is what I am still confused about.

But only for the first 200 Alliance approved

If you swipe RM3000 you will only get RM50.00 cash rebate because of Alliance Tier-based rebate structure

Spend	Rebate
First RM1,000	RM5.00 (0.5%)
Second RM1,000	RM15.00 (1.5%)
Third RM1,000	RM30.00 (3.0%)
Total Rebate	RM50.00 (1.67%)

If you spend above RM3,000, the effective net rebate % is even lower than 1.67%
If you spend above RM2,500 and less than RM3,000, the effective net rebate % is even lower than 1.67%
Rebate received will be credited 1-2 days after the Statement Date, and rebate calculated based on Statement Month

Is he refer to Alliance Unique Card?

i am using alliance bank platinum cc. Spend RM 5000 and get RM 68 cash back each month (1.3% cash back). But another card Younique card spend RM 3000 and get 1.66% rebate. I use platinum card as it offer PPL assess unlimited previously. But the privileged has been cancelled early this year. It seems like Younique card is better? Any expert can give your expert opinion?

thinking about asking them to give me the premier debit card though. the cashback is a flat 2% for 9000 spending. that would offset a lot . the VI seems worthless besides the PP entries. maybank applcation filed

you need to have their hybrid account. they have 3 tiers standard (0.5% cashback i think), platinium (higher) and premier. CS normal condition is to have 100k with them or be priority customer. nothing else. i used to be priority banking customer with them until i swapped funds because frankly priority banking had zero benefits besides dedicated parking at section 13 to me. i called them complained about the loss in cashback and they suggested based on the spending pattern can change to VI if I want to. But this also gives next to no benefits to me, esp. since only the principal card is entitled for PP entries. do the CS suggested i check with my branch to upgrade the debit card to premier which pays 2% flat for up to max. of 9000 RM. this almost always covers my monthly expenditure and if i want i can retain the CC FOC in case i need it. since my hybrid account normally has enough money and i only use CC for points and CB (now that MAS no longer flies to Germany) this seemed like the best idea after some brainstorming with them this morning. i dont know how flexible they will be but since we spend around 150k every year with their card and have been long term customers they might be willing to cut me some slack. of course i also informed them that i might just switch banks alltogether i they dont cook up a solution for me that i like - my loyalty to a specific bank is next to zero

thanks for the suggestion. i am not sure about the effectiveness of the FD roll. i only roll 20-30k a month through the accounts. if i store the money in a FD vs. a hybrid account I gain say 3% p.a. interest (or downscaled to monthly interest of 0,25%). if i use the 2% flat cashback would that not outperform the FD? i might be missing an essential point here - am i?

I will absolutely look into the Maybank cards, I already submitted an inquiry to them. I have next to no exposure with Maybank (only a 15 yr old savings account that rolls around 1500 RM per month incoming and out). I was looking at the signature card mostly due to the PPL and the CB for groceries and petrol. will have to see if my spending pattern will be sufficient to maintain the card if i go heavily on the premier account. the CB i can easily max out but that only will be 21120 RM. so i would probably be 8000 short. the normal cashback is just a measly 0,25% so total effective CB is reduced to 1078,2 / 30000 = 3,6% but that is still pretty darn good.

i am currently trying to work out if the balance needed can be uitilised with other low-performing payments such as medical insurance premiums (through installment plan - hello AXA), government transactions etc. - might just work. i just hate having to juggle more than two cards again.

EDIT: quick note of thanks for the maybank suggestion. i send the application and just got a approval for the signature already. that was really fast .

I am also keen to apply for the card. Please pm me on how to get RM100 when applying the card. Thank you.