no, it is bill payment, not jompay nor IBG/IT. there is a list of billers that you can choose of.

is using debit card spending 500 to earn 1.2% has more earning than using your cash back credit card?

Using credit card RM500, let's say 5% cashback = RM25.
But if the person has RM80,000, the 1.2% = RM80

yeah, that's right. but with that amount, there are chances that person will put it into FD for better rate?

that's why i'm asking if that's higher return

This post has been edited by ProxMatoR: May 18 2018, 08:09 PM

hi, does online fpx contribute to the rm500 spending criteria? thanks

1.2% = Deposit RM500 into account
1.2% = JomPay, IBG & Instant Transfer, if use transfer... to any bank will do, except OCBC
1.2% = Use RM500 on CC/DC, online purchase... retail purchase... pay wave... as long as u use the card (if u have other cashback CC and finds that this criteria not worth fulfilling, then you can look at UOB eAccount, provided you can reach certain amount of saving)

Thank you .....been doing those 3 criteas ....

Usually hit only 2.2.9% is not bad haha

no

2.90% is fine but you can get better deal, if your saving is above RM20k, it is better to get an UOB eAccount:
- 20k-50k you get 3.13% interest
- above 50k you get 3.60% interest
without the need to fulfill any criteria

Haha I don’t have such a huge savings balance so ocbc 360 is my best option
Rather put the excess cash in stocks lol

May I ask if I did 3 ibg to my own bank account in different bank, is it considered fulfil the playbill criteria? And how much is the ibg fee now?

pay bill and IBG is different category. so, nope, its not considered...

Bill payment, Jompay, IBG & IBFT are all in the same category for OCBC 360 Bill Payment category.


Yes, definitely. I am not sure if IBG is free or not currently, it is usually RM0.10. IBFT is free though.

Hi, i still confuse about this. Let's say if i only done deposit RM500, pay 3 bills and spend RM500 on 25th that month, mean i only get 4.1% interests for 5/6 days? (25th - 30/31th)

nope, it is for whole month.

btw, the interest is calculated based on averaged daily balance, not daily count

This post has been edited by ProxMatoR: Jul 27 2018, 09:30 PM

Can I use the ocbc credit card to pay for insurance premiums? Insurance generally not entitled for cash back, but I don't see that clause for ocbc credit cards.

If so, then spending rm500 per month can be reached

Good to know that. Thanks.

better don't fulfill criteria near end of month, it takes time to reflect the transaction into your account, may get into the following month lol

yah UOB is good if u prefer use internet.

3.13% is good. trying to hit 3.6% now

No need to work so hard. Just put into Phillip money market fund easily hit 3.6x%. Simple and effective.