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Credit Cards Hong Leong Bank Wise CC 10% Cash Back, up to RM100

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ronnie
post Jan 17 2013, 01:30 PM

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For WISE, let say I spend RM50 x 10 + RM10 on the same selected category (for the month)... would the 10% cashback based on RM500 or based on RM510 ?
ronnie
post Jan 17 2013, 10:05 PM

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QUOTE(WhitE LighteR @ Jan 17 2013, 01:38 PM)
Shud be 510...

Coz the minimum spending to qualify the 10% is RM50 X 10. But i wonder what happen if u didnt qualify as in miss the above by like 1 transaction or one of the transaction  is RM49.95.... 0% cashback? Aiyo.. so damn sad if like that.
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I guess a minimum swipe with WISE must be RM50 and above... Not too difficult actually.
ronnie
post Jan 18 2013, 10:39 AM

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QUOTE(andrekua2 @ Jan 18 2013, 10:30 AM)
EXACTLY!!!

Which is why I think is great. I'm heading to the HLB outside my office to double confirm.

Few things to iron out...

1. Does autodebit considered a swipe?
2. 10 swipes for 1 category or just swipe 10times (xRM50) and enjoy 10% rebate on those eligible one
3. Annual fees waiver

The good thing is that even swipe by supplementary will be combined.
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Do let us know your findings...
ronnie
post Jan 19 2013, 07:09 PM

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Definitely cancelling my HLB Essential Visa + UOB One Card
Replacement: HLB Wise Card.
ronnie
post Jan 20 2013, 11:31 AM

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Mobile related transacations is consider as ONE transactions because it's a bonus category. No matter how many time you split the bill.

Can we pay via Maxis E-Billing or need to go to Maxis Centre ?
ronnie
post Jan 20 2013, 12:31 PM

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QUOTE(propusers @ Jan 20 2013, 12:21 PM)
If I help my mother, my father, my sister and my son pay mobile bill, I believe is 4 transactions... but my pocket will got 4 more lobang every month... rclxub.gif
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It's consider as one transactions lah ... by andrekua2
ronnie
post Jan 20 2013, 02:42 PM

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If AF & GST not waiveable, your annual cash-back rebate RM100 x 12 = RM1200.. Still untung.
ronnie
post Jan 21 2013, 10:15 PM

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If you are worried whether RM49.90 can get 10% cash back or 0%, just swipe >RM50 lah.... is that so difficult ???

My straight-forward plan: Swipe all transactions >RM50 for sure can earn my RM100 cash-back per month.
ronnie
post Jan 22 2013, 11:22 PM

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QUOTE(Xiao Pei @ Jan 22 2013, 11:17 PM)
hi all, can someone explain on the "10 times transaction" ? whether is 1 month swipes for 10 times with RM 50 in any categories or only the 2 selected categories?

Thanks
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10 times in the selected 2 categories + bonus category
ronnie
post Jan 22 2013, 11:49 PM

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QUOTE(propusers @ Jan 22 2013, 11:41 PM)
Are you sure? whistling.gif
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What's the point of swiping other transactions (10 times x RM50) if not in the selected category... you get 0% cashback. that's not so wise
ronnie
post Jan 23 2013, 12:11 AM

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QUOTE(propusers @ Jan 22 2013, 11:52 PM)
I agree there is no point.

But you are giving the wrong answer to the question.

If I swipe 9 transaction in selected category, and 1 transaction in other non-selected category, i have fulfilled the condition to get 10% cashback. But your answer is NO, it need to be 10 transactions from selected category + bonus category.

Please don't give wrong information.
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My answer is not wrong either BUT WISE answer lah doh.gif doh.gif icon_rolleyes.gif icon_rolleyes.gif

ronnie
post Jan 23 2013, 08:03 AM

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QUOTE(celaw @ Jan 23 2013, 12:17 AM)
Yea, I agreed is wise answer. But people may misunderstood... Based on your answer, people may thought that MUST be 10 transactions within selected categories. Some people may find it hard to swipe 1 more RM50 transaction in selected category after 9 transactions above RM50 in selected category.
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If you won't swipe first 10 transactions above RM50 (based on selected category), you don't get NETT 10% cashback.
IMHO, if you can't do that, better don't apply....

As example
Scenario 1
1. Swipe RM50 x 10 at non-selected category = RM500
2. Swipe RM200 at 2 selected categories = RM200
3. Total Cashback received : RM20
4. Nett Cashback % : RM20 / (RM500+RM200) = 2.85% cool2.gif whistling.gif

Scenario 2
1. Swipe RM50 x 10 at non-selected category = RM500
2. Swipe RM1000 at 2 selected categories = RM1000
3. Total Cashback received : RM100
4. Nett Cashback % : RM100 / (RM500+RM1000) = 6.67% cool2.gif whistling.gif

Scenario 3
1. Swipe RM50 x 10 at 2 selected categories = RM500
2. Swipe RM200 at 2 selected categories = RM200
3. Total Cashback received : RM70
4. Nett Cashback % : RM70 / (RM500+RM200) = 10% cool2.gif whistling.gif

Scenario 4
1. Swipe RM50 x 10 at 2 selected categories = RM500
2. Swipe RM500 at 2 selected categories = RM500
3. Total Cashback received : RM100
4. Nett Cashback % : RM100 / (RM500+RM500) = 10% cool2.gif whistling.gif --- maximum Rebate per month

This post has been edited by ronnie: Jan 23 2013, 08:05 AM
ronnie
post Jan 23 2013, 11:54 AM

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We need to get Jean Yap to answer our queries
ronnie
post Jan 23 2013, 11:56 AM

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QUOTE(andrekua2 @ Jan 23 2013, 09:42 AM)
First year waiver, but GST not waived.
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According to the newspaper ad, the first year AF is waived (for New-to-Bank customers)
Who pays AF nowadays ???
ronnie
post Jan 23 2013, 12:00 PM

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QUOTE(chianping @ Jan 23 2013, 10:40 AM)
hahahha ... assume i eat in 10 restaurant and 1 do not fall ... i ma rugi banyak!!!
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Refer to the OCBC Titanium MasterCard Thread for details
EXCLUDED : 5813 Drinking Places (Alcoholic Beverages), Bars, Taverns, Cocktail lounges, Nightclubs and Discotheques


This post has been edited by ronnie: Jan 23 2013, 12:07 PM
ronnie
post Jan 23 2013, 12:15 PM

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QUOTE(bearbear @ Jan 23 2013, 12:10 PM)
basically to 'enjoy' this you must spend more to save more.

Unless you can control your usage to be around Rm50/transaction (Which IMHO is tough) you will get less than the 10% advertised
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Using CC must always control and monitor your spending, no matter what type of card you use thumbup.gif
ronnie
post Jan 23 2013, 01:26 PM

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QUOTE(ck23 @ Jan 23 2013, 12:52 PM)
actually not good.

it's like a card u need to monitor.

10 trans, min RM50.00

(If less 1 tran, all trans incurred wont get even 1% cash back.)

Why we need to risk for this?

Having OCBC , MBB 2 cards, SCB 15% petrol card is good enough for me.

Maybe will consider this card after 6 months SCB 15% expired.
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OT: SCB 15% is not sure-get cashback
ronnie
post Jan 23 2013, 03:41 PM

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QUOTE(aeiou228 @ Jan 23 2013, 01:44 PM)
Quite clear la....3 categories, min 10 x RM50 tranx, max RM100 CB per calender month. For those who can easily hit 10 x RM50up under petrol, mobile and groceries should not be complicated at all.
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Totally agree with you.... +1 icon_rolleyes.gif
ronnie
post Jan 23 2013, 06:05 PM

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QUOTE(wild_card_my @ Jan 23 2013, 05:03 PM)
-- posting as CC user, not as OCBC mortgage seller --

Well different people have different needs. This card is designed so that you would only use this card for your CC needs.

Anyway, for the 10x transactions for RM50 a month.. if you spend RM120 in a single transaction, is it considered 1x RM50-and-above transaction or 2xRM50 transaction?
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RM120 is a single transaction = 1 transaction above RM50

Why does everyone trying to find a loophole in the system.... really think out-of-the-box whistling.gif
ronnie
post Jan 23 2013, 11:18 PM

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QUOTE(MorpheusZZ @ Jan 23 2013, 07:03 PM)
Guys, some of you mentioned we need to monitor our expenses.
Ask yourself la......do you do that? You probably do it first 1-2 months, after that you totally forgotten about it.

My opinion, it is indeed a rich reward card, but at the same time the 10x transaction is way too much a hassle for me to track on a monthly basis.

At times, i have high spend in a single month but at the same time i don't hit 10x spend. So, end of the day......i got "Empty Egg" lo    cry.gif

If they set the criteria, at least spend RM500 in a month (10 transaction x RM50 = RM500).....i'll be the first to sign up.  rclxms.gif
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Yes, I do that at least once a day :-)
Banks don't give cash-back for free, a little of effort is required from cardholders.
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