good thing i already terminated my auto-debit with ocbc titanium for tm and tnb when i heard the news about ocbc going to terminate the 5%. my decision is correct. so now will pay manually on weekends using mbb2 amex via maybank2u for the bills.

pay the bills using mbb amex via maybank2u should be instant.

no, even though i know we can do it that way, but i have not done it myself just yet. because all the while i am subscribed to auto-pay with ocbc titanium for both tm and tnb bills (for additional rm2 rebate from tm for using auto-pay service). i just only terminated the auto-pay recently when i heard the news about ocbc going to end their 5% rebate.

your >rm10k insurance amount is good enough to offset the gst.

This post has been edited by victorywp: Nov 8 2013, 12:31 AM

ocbc titanium can't make it to v5... rest in peace in v4...

shall ronnie edit the first page with the new updates?
or nobody even bother to come here to look at it anymore?

This post has been edited by victorywp: Nov 8 2013, 12:59 AM

i thought you seduced the cs...

the term waive should only be used for annual fee but not for gst. annual fee is charged by the bank and the bank can waive it for you because it is within their boundary. however, there is no waiver for gst because it is charged by the government not bank. and so it is against the law for a bank to waive cc gst. the correct term should be the bank absorb the gst for you if you spend over rm10k in a year (meaning that the bank pays the gst on your behalf).

the best way to achieve rm10k using this card (which starting to offer only 1% cash back) is to pay for your insurance (those insurance that don't accept amex). my annual insurance is more than rm10k already (currently subscribed to autopay with different cc). so i plan to shift all to this card.

if you assume merchants are paying around 1.8% to bank for each swipe, yes, it is in the normal acceptable range of merchant fees.

however, if you assume ocbc is earning 0.8% after giving 1% rebate, no, because the 1.8% fees is shared between merchant's bank (acquiring bank), customer's bank (issuing bank) and the network (visa/mastercard/amex/etc).

which means, if the merchant machine is from mbb, your cc is from ocbc, and the network is mastercard, so the 1.8% is shared between mbb, ocbc, and mastercard. if ocbc gives you 1% out of their share, it is still equals that ocbc is not in profit or almost not in profit. they are still counting on charging the customers with interest on outstanding balance, late payment fees, and others.

hlb wise card, mbb2cards, uob one card, citibank cashback platinum card are the biggest beneficiaries now...

please discuss this at proper thread.

5%

yes, if you want to maximise your rebate capacity.

usually one can only request for higher cl after 6 months of using the cc.
if you have any increment of your pay/salary within the 6 months, just submit and apply for higher cl.
otherwise you may also just call to ask for cl increase.
they may give you higher if you did utilised your current cl and have a good payment record.

he meant ocbc titanium is good for all other transactions (other than petrol/groceries/bills) as it offers 1% over 0.3% (citibank cash back platinum and uob one card)

yes, you are right, i understand what you mean.
there is something wrong with his sentence.

but somehow i just understand what he meant.
i supposed he meant for non-petrol, non-bills payment, non-groceries, this card (OCBC Titanium) still good as it offers 1% rebate over 0.3%" (citibank cash back platinum and uob one card).
maybe he just put one non at the front but is for all these 3 items (petrol, bills, groceries).

yes, you are right. we should not just assume this is what he meant. perhaps David83 should come to explain by himself to clear things up.

let me guess! bcs both of us are selling hotlink reloads! LOL!

sorry, post counts doesn't mean anything to me.
i'm just interested in sharing cc information/experience and having warm interaction with all lyn members.
i also like to clear things up so that all lyn members (old/new) could be in good terms with each other.

sometimes i feel that we don't have to be too sarcastic or too strict in our reply to each another.
when one has some noob/repeated questions, we don't have to give sarcastic reply to them, but with simple explanation will do.
when one has gone off-topic, we don't have to give a harsh warning to them, but with friendly reminder will do.
we are all credit cards owners or owner-to be > meaning that we are all adults who know how to think smart > to save money through credit cards rebates.

i'm just a normal person who have been using many types of cc since more than 10 years ago and would like to share information and experience with each other here.
but at the same time, i'm also just a newbie here in lyn. i just joined lyn recently as i don't know there is such a place like lyn to share all these, so i'm sorry, bcs i'm not familiar with the culture here.

the new feature of the titanium card is confirm at 1% only.

it's including petrol, meaning everything at 1%...