QUOTE(supersound @ Mar 5 2014, 10:38 PM)
You see, most people(including you) will have a wrong preception that WISE offers 10% of cash back. In actual, you need to pay annual fee(rm160 for gold)+GST of rm50. So make up to rm210. Assuming you swipe rm1000 sharp every month and get back rm100, it will be rm1200(max cash back).
Deduct the rm210, cash back you get is rm82.50 a month only. So in actual, you are getting 8.25%. So for rm9.90 Top detergent, it is ~rm9.10 actually.
That rm8 I get is from the Top detergent I sell to my friends/relatives. With this rm8(or more if I can sell more), I can use it to pay my water bill.
Lots of people asking why I need to spend so much a month? Now my house's storeroom are full of Top detergent.
I just give them an answer : I spend rm1000 a month, I'm only paying rm9++, so my ringgit is slightly bigger than your ringgit.
Thanks for clarification.
But my simple calculation is... you buy @ 9.90, you swipe 9.90 and you sell @ 9.90. So there is no gain in this re-sell.
You only gain from the CB. So the RM8 gain is not existence. (Unless you sell it > 9.90, then will have gain.)
Besides, check those earlier posts, AF is waivable from those reported.
EDIT: The RM8 gain is a double counting. You either count the gain from the CB or from the re-sell (and then deduct from the CB). Hence you won't get (RM100 CB + RM8 gain) as in your original post.
This post has been edited by tbheng: Mar 5 2014, 11:21 PM