Category Archives: Credit Cards

You can now use your DBS/POSB cards to pay for ERP charges

I wrote previously about being able to pay ERP charges with your credit card. This service, called EZ-Pay, was previously only available to those who had Citibank cards. There were no fees involved, and you could earn rewards points for payments made.

It was announced this week that EZ-Pay would be extended to DBS/POSB cards as well.

To recap- with EZ-Pay, your ERP charges are billed directly to your card if you have insufficient value in your cashcard or go through the gantry without a card. I don’t have a car, but if I did I’d certainly see this as a way of earning a few bonus miles, especially given the lack of top up fees. You’re not going to earn a lot of miles through ERP, obviously, as I would imagine that the amount you pay on parking would far exceed the amount spent on ERP.

And here’s where phase 2 of the project becomes interesting, because eventually the plan is that EZ-Pay will extend to parking charges as well. That’s right, you can enter and exit a carpark without needing a cashcard.

For completeness’ sake I’m going to reiterate two other options that exist for you to pay ERP charges with your credit cards-

MotorPay

DBS offers  MotorPay in conjunction with the LTA and charges $1.07 a month per vehicle. Every time you pass through a gantry, the charge is billed to your DBS credit card.

VCashCard

VCashCard  allows you to use Mastercard and Visa cards from DBS/POSB/OCBC/UOB and SCB to top up a virtual cash card. When your card balance drops below $10, it is automatically topped up. You can only top up in intervals of $50, and a $0.50 transaction fee is charged per top ups except for UOB cards.

VCashCard says payment at carparks is “coming soon”

The advantage of EZ-Pay is the lack of a transaction fee. Every little bit, right?

The ANZ Travel Visa Signature is dying a slow and undignified death

I received an SMS from ANZ informing me that the ANZ Travel Visa Signature Card T&Cs had been updated with effect from 1 April 2017.

Image result for visa signature travel anz

I’m sure this is a good thing! I said to myself as I clicked on the link. After all, SMSes have always brought me good news, useless PDPA act notwithstanding-

Please be informed that with effect from 1 April 2017,

– Complimentary airport limousine and lounge access for ANZ Signature Priority Banking Visa Infinite Card and Travel Visa Signature Card will cease.

– There will be revisions to the ANZ Travel Card Rewards Programme Terms & Conditions:

Additional  bonus 10,000 Travel$ will no longer be awarded to ANZ Travel Cardmembers who pay Annual Fee from the 2nd year of membership.

The revised T&C can be found here

When the ANZ Travel Visa Signature card launched back in July 2012, it was something genuinely novel. It offered 1.4 mpd on local spending with no minimum spend required, 12,000 miles upon payment of the $200 annual fee, 2.8mpd on overseas spending, unlimited lounge access and limo transfer with a $1,500 spend.

Then they started chipping away at the benefits.

First, the 2.8mpd on all overseas spend was replaced by 2.8mpd on spend in Australia and NZ only. Then, the renewal miles went from 12,000 to 10,000. Then, unlimited lounge access was taken away and the limo service minimum spend went up to $2,500, then required you to redeem Travel$, then disappeared (it was brought back for a limited period but needed S$7,000 spend per calendar quarter)

This card has died the death of a thousand cuts. Given that you can’t even use it to buy miles at 2 cents each anymore, I can’t think of any reason to hold on to it. I’ve said that you should never pay annual fees unless you get something in return and there’s no reason an exception should be made for this card.

Final point: The Milelion has some affiliate links for the ANZ Travel card. In light of these changes, I cannot in good conscience recommend the card to anyone. These links will be removed.

Given ANZ’s impending demise in Singapore, it might be a good idea to look for a way to cash out on your Travel$ asap.

Alas ANZ Travel card, we barely knew ye!

DBS Altitude Visa double miles promotion

From 1 March to 31 July 2017, DBS Altitude is running a promotion on their Visa Signature card for members who register via this link. Cardmembers can earn up to 6 mpd, depending on the category they spend in.

Here’s how it works- recall that the base earning rates for the DBS Altitude Visa are 1.2/2/3 mpd for local/overseas/online hotel and flight bookings respectively.

If you spend a minimum of S$2,500 per calendar month, you’ll enjoy 2.4/4/6 mpd on the $2,501-$5,000th dollar of spend. Any spend fro mthe $5,001th dollar on earns the regular 1.2/2/3 mpd.

In reality your actual mpd will be something less than the 2.4/4/6 promised because your $1-$2,500 will be earning the regular 1.2/2/3 mpd rates.

6 mpd sounds like a a fantastic earning rate for online hotel and flight spending- it’s above the HSBC 4 mpd rate (which may very well disappear come 31 March). But when you do the math, you come out only marginally higher. Suppose you were buying a $5K flight ticket- your effective rate is 4.5mpd because of the first $2.5K of spend earning 3 mpd. If you don’t have a HSBC Advance card then of course it’s a fantastic deal though. Full T&C here.

A reminder that if you do not yet own a DBS Altitude Visa card you can get a 10,000 mile sign up bonus (or 15,000 miles if you’re new to DBS credit cards altogether) when you charge a minimum of $1,000 a month for the first 2 months after getting your card. This is valid for sign ups till 31 March.