Jan 21 2021, 04:54 PM
QUOTE(wesleycjh @ Jan 21 2021, 03:25 PM)
Agreed. Hence in order to fully optimized the cashback for each category, we need to spend as below, rite?
1. Petrol: RM416.67 x12% = RM50
2. Groceries/Online/eWallet/Utilities: RM1000 x5% = RM50
3. Other spending: RM1084.33 x0.2% = RM2.17
Hence, total cashback rate RM102.17/RM2501 = 4%
if you totally did not spend on Petrol then the effective cashback rate will down further.
1. Petrol: RM0 x12% = RM0
2. Groceries/Online/eWallet/Utilities: RM1000 x5% = RM50
3. Other spending: RM1501 x0.2% = RM3.00
Total cashback rate = RM53/RM2501 = 2.1%
In short if you want to increase your effective cashback rate, you need to increase your petrol related consumption
If top up Touchngo at Shell Station consider Petrol category?1. Petrol: RM416.67 x12% = RM50
2. Groceries/Online/eWallet/Utilities: RM1000 x5% = RM50
3. Other spending: RM1084.33 x0.2% = RM2.17
Hence, total cashback rate RM102.17/RM2501 = 4%
if you totally did not spend on Petrol then the effective cashback rate will down further.
1. Petrol: RM0 x12% = RM0
2. Groceries/Online/eWallet/Utilities: RM1000 x5% = RM50
3. Other spending: RM1501 x0.2% = RM3.00
Total cashback rate = RM53/RM2501 = 2.1%
In short if you want to increase your effective cashback rate, you need to increase your petrol related consumption
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