๐Ÿ”ฅ AMEX Platinum Charge welcome offer: Get 150,000 bonus points+ S$100 with S$8K spend

Rounding up the 2017 Christmas spend and redeem promotions

While stocks last.

Christmas is around the corner, and I thought it might be helpful if we did a quick recap and evaluation of the different spend and redeem promotions that the banks have come out with.

Hereโ€™s a summary table of whatโ€™s available:

Itโ€™s worth noting that Maybank too has a promotion but itโ€™s been fully redeemed

And hereโ€™s a link to each promotionโ€™s T&C:

[Update: As soon as I published this article I realised that UOBโ€™s giveaway is fully redeemed too]

How can we analyze this?

Minimum spend requirements/ maximum receipts permitted

The minimum spend required to take part is a good measure of how โ€œaccessibleโ€ each promotion is. In that respect, DBS and SCB are clear winners with a minimum of $100 and $150 spending required respectively.

But UOB differs from other banks in that it sets a maximum number of charge slips that your spending can be spread out across (8 and 12 respectively for the Charge 2 and Ionic). HSBC has this limitation but itโ€™s strangely only for the stuffed toy and not the higher value gifts.

Eligible spending types

As you might expect, each bank has a list of spending that doesnโ€™t qualify towards this promotion. The usual suspects like quasi-cash transactions, EZ-link top ups and the like donโ€™t qualify, although the exact wording that each bank has is different (DBS and UOB for example exclude donations to charityโ€ฆcome on guys, itโ€™s Christmas) so itโ€™s well worth checking out individual T&C.

UOBโ€™s entire promotion and HSBCโ€™s stuffed toy giveaway is only valid for spending that comes with a charge slip, i.e. online shopping doesnโ€™t count .

Redemption limits/mechanisms

All of the above means squat for you if you canโ€™t actually win something. The frustration with DBSโ€™s horrible redemption app is well documented, and this is where I feel SCB has done a lot better than DBS because its Shop Shake and Win cashback game doesnโ€™t require you to camp out on an app with your fingers crossed it doesnโ€™t hang. Instead, you get an winning SMS so long as youโ€™re within the first 160,000 eligible transactions.

Some gifts haveโ€ฆlimited appeal

For the life of me I canโ€™t remember what previous years gifts were but it seems this year the gifts have a bit more of a niche appeal. Iโ€™d have thought the banks would want to play it safe and give away things like statement credits, or shopping vouchers, or stuff with wide appeal. Instead, HSBC is giving away Fuddlewuddle stuffed toys, which well donโ€™t rank very high on my want list.

Similarly, Citibank is giving away Star Wars plush toys and luggage, but what if you couldnโ€™t care less for Star Wars (go away then)?

DBS and SCB have probably opted for the safest gifts in that respect

Conclusion

I canโ€™t imagine any of these promotions will last too long so hopefully this will arm you for your shopping ahead. Remember, if youโ€™re not hot on the gifts available it may make more sense to optimize for a miles earning strategy instead of one that lets you qualify for something you donโ€™t really fancy.

Aaron Wong
Aaron Wong
Aaron founded The Milelion to help people travel better for less and impress chiobu. He was 50% successful.

Similar Articles

Comments

4 COMMENTS

Subscribe
Notify of
guest


4 Comments
Oldest
Newest
Inline Feedbacks
View all comments
ros

I got my fitbit ionic! the 3.8K charge to redeem this item is worth it! thank you Aaron for this write up!

HJ

Is there a mass typo here :
โ€œItโ€™s worth noting that Itโ€™s worth noting that Maybank too has a promotion but itโ€™s been fully redeemed. but itโ€™s been fully redeemed.โ€ ?

Or to put it another way: yes, we know itโ€™s been fully redeemedโ€ฆ.donโ€™t have to rub it in ๐Ÿ™‚

CREDIT CARD SIGN UP BONUSES

Advertisment

Featured Deals

Advertisment

Follow us

7,110FansLike
13,591FollowersFollow

TAGS