OCBC really doing a suicide for itself
Credit Cards OCBC Titanium MasterCard Cash-Back v4, From 29-Nov, unlimited 1% cashback only
Credit Cards OCBC Titanium MasterCard Cash-Back v4, From 29-Nov, unlimited 1% cashback only
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Nov 11 2013, 01:02 PM
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#1
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Junior Member
17 posts Joined: Nov 2013 |
OCBC really doing a suicide for itself
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Nov 11 2013, 09:22 PM
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#2
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17 posts Joined: Nov 2013 |
QUOTE(Jason @ Nov 11 2013, 06:30 PM) Or maybe OCBC is dying because everybody is maxing out the 5% rebate and they are making a loss? We wouldn't know for sure. But yup, my OCBC Titanium is going into cold storage next to my SCB cards. Haha, same story My SCB card already in fridge, now otw sending OCBC Titanium |
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Nov 11 2013, 09:29 PM
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#3
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17 posts Joined: Nov 2013 |
QUOTE(lamode @ Nov 11 2013, 08:02 PM) It's probably they are losing $$$ in the 5% rebate program, many taikor squeeze to max and pay on time, thats why they cutting the loss now. Cash Rebate card not a high earning product for bank, bank charge merchant fee is about 1.5-2%but instead of cutting 5% rebate, why not just add on 0.5% unlimited rebate to all spending except petrol, dining, groceries and utility bills? I'm the 1st will switch all my spending to this card, easy for me to manage I saw some ppl start booming at their FB wall d, hope more ppl will comment there, at least let other card members know about it. |
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Nov 11 2013, 10:04 PM
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#4
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17 posts Joined: Nov 2013 |
QUOTE(Jason @ Nov 11 2013, 09:41 PM) Usually products are axed because its loss leading. Banks hope people default so they can charge sky high interest on outstanding balance. I guess people who are smart enough to choose OCBC in the first place and max out RM50 per month won't be stupid at the same time to have outstanding balance. Yes, me too Fridge not cold enough, try the freezer haha As above, use the freezer! I think its cause the 5% is really significant, especially for petrol. Maybank 2 AMEX is only weekend, too troublesome for most people. OCBC Titanium was a good all-round card. So who's going over to the UOB One camp? I know I am. |
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Nov 12 2013, 02:42 PM
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#5
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17 posts Joined: Nov 2013 |
I'm just wondering about HLB Wise Card, if the annual fee cannot waive, Gold card rm160 Plat card rm300 would be a issue
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