From what i know, for investment link insurance plan. paying non-annually (monthly,quarterly,half yearly), GE will charge certain amount on your premium paid when it convert the portion of your premium to the investment account (unit trust) on their end.

someone correct me if i am wrong

According to what I'm trying to understand, policy payment can be breakdown into monthly, quarterly, half yearly or annually. Paying the annual amount is of course the cheapest.

The 0% 12 months IPP on GE Policy suppose to translate into charging the annual payment into your card and then auto convert into 0% interest 12 months IPP.

Why it did not makes any difference I don't understand. I'm trying to get to the bottom before applying for this card.

My monthly is RM 250 and one year whole is only RM 3k. Even though it breaks into 12-month installment, it is still RM 250 for me.
My agent told me, mine has no difference whether paying in lump sum annually, quarterly or monthly. That's why he suggested me to just auto-debit every month rather than me paying RM 3k annually.
In short, mine doesn't have discount. If there is, I would have opted for it long time ago and not auto-debit from my Titanium card earlier and now GE Plat.

This post has been edited by fruitie: Jun 6 2015, 12:41 AM

yeah, because yours is investment-linked policy. other than investment-linked, all others are standard at annual, and adding interest for quarterly and more for monthly.

double post

This post has been edited by victorywp: Jun 6 2015, 12:16 PM

Now this explains and yes mine has investment.

yes will need a GE policy to apply for a GE card. Can you do this?

Why not? Those having GE policy can have GE Plat.

if you have an existing ocbc cc, just call to convert it to the ge card.

time to cancel this card
byebye

Well, it's a free card, no reason for me to cancel it at the moment. Just converted to GE card and still give me 1% CB up to 1k for transactions not covered by my other CC.
Unless you have max up your 2 card issuers quota for annual income under RM36k and you wish to apply a better CC from a third card issuer, then of course you need to cancel one of your cards.

This post has been edited by aeiou228: Jun 8 2015, 07:56 PM

still need to swipe 12 times for free annual fee right?

No need. Like I said, free card.

Is this card subject to GST? Otherwise I will cancel it as 5% > 1% > 0.1%, OCBC is giving up in CC sales.

ohh i did not know this. since when?

used to be need to swipe 12 times for free annual fees

No cards are subject to Government Service Tax anymore after the implementation of Goods and Services Tax on 1st April 2015.
So, if you cards have annual fees, then you will need to pay that +6% GST. If no annual fees, then free for life.

Since it reduced from 5% cash rebate to 1% rebate and now 0.1%.

sighh even the ge card also reduced to 0.5% liao
first 1k = 1%, subsequent 0.5%

Well, if not happy, just cancel the card.

if normal expenditure doesn't go up to more than 1K, then can just keep it. I a bit lazy to cancel the GE card and to change to HLB, but that said my expenses is around 1K so not a problem. I tend to use more of the AMEX when it's weekend, GE card is pretty much a backup

like @supersound said, if not happy can always just cancel mah~

almost want to apply the ge card to replace the blue one