Yes! You need to swipe minimum 5 trasnscation. Usually hotel is able to help you. So you need to break your $2000 into 5 transactions!Do we have to break down 5 times per month then can get maximum rebate?
Can we actually swipe card every month $2k?
The rebates goes like this
Spend $500 every month for 3 consecutive months : get $50 on the 4th month (3.33%)
Spend $1000 every month for 3 consecutive months: get $100 on the 4th month (3.33%)
Spend $2000 every month for 3 consecutive months: get $300 on the 4th month (5%)
So far UOB is the highest for cashback for now ba.
Haha, my banquet is about $20000. So might as well pay $2000 every month to enjoy the maximum cash back. Treat it as paying installments Lor.
AMEX is good for cashback with no minimum spend. But the cashback is 1.5%. The first 6 months is 3% when you sign up!
I also sign up for DBS live fresh card for my own personal use. If you pay by paywave, you can get 5% cashback with minimum spend of $600 above. The cashback appears on the next following month statement!
So different cards is meant for different purpose.