something to think about the new T&C. definitely nobody knows how it works, probably will take 1-2 months cycle to observe the behavior.
cashback pool is based on FCFS. what is the definition of FCFS then?
1)
earliest to achieve 1st swipe? meaning the 16th swipe can be last day of the month? then all your transactions eligible to full cashback?
2)
earliest to achieve 16th swipe? meaning all 16 swipes must be completed as early as possible to activate cb?
2a) if earliest to achieve 16th swipe (and activated cb), what will happen to later transactions? are those eligible for cb?
2b) does the 16th swipe is tracked by
transaction or posting date? meaning, if you you swipe on 1st of the month, but somehow one merchant posted your 16th swipe very late, e.g. mid-late of the month, what will happen? is the cashback activated?
3) earliest to achieve 8th swipe first, but later can "upgrade" the cb tier with 16th swipe later?
spot on...UOB didnt state this out clearly...