Aug 25 2018, 01:02 PM
QUOTE(Pebbie @ Aug 17 2018, 04:29 PM)
Need some suggestion / insight from you guys.
Current income = 40K
Spending on cc / month = RM1000
Breakdown of credit card and usage
OCBC: insurance of RM450
MBB2C: odd purchases, average of RM100 / month
AEON Big gold: daily usage of RM300
Citibank: no use
With SST coming, need to trim down the credit cards. First to go is definitely Citibank. Now i'm in dilemma of cutting MBB2C or OCBC.
While MBB2C rebate is higher, due to my spending nature, very difficult to use it unless i have big purchases and it happen to accept AMEX during weekend, quite hard to justify keeping it when the SST is RM50.
On the other hand, OCBC's benefit is crap, but the 360 account is giving me saving rate of 1% higher than FD, and i have 10K cash inside that account.
Any suggestion for what card to keep / trash / apply / consolidate?
for ocbc 360, the RM500 spending can come from a debit card too. suggest you cancel your credit card and spend using your debit card. you can either topup bigpay or wechat pay with it.Current income = 40K
Spending on cc / month = RM1000
Breakdown of credit card and usage
OCBC: insurance of RM450
MBB2C: odd purchases, average of RM100 / month
AEON Big gold: daily usage of RM300
Citibank: no use
With SST coming, need to trim down the credit cards. First to go is definitely Citibank. Now i'm in dilemma of cutting MBB2C or OCBC.
While MBB2C rebate is higher, due to my spending nature, very difficult to use it unless i have big purchases and it happen to accept AMEX during weekend, quite hard to justify keeping it when the SST is RM50.
On the other hand, OCBC's benefit is crap, but the 360 account is giving me saving rate of 1% higher than FD, and i have 10K cash inside that account.
Any suggestion for what card to keep / trash / apply / consolidate?
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