[seamale]

hello,

is the HSBC iCAN the best rebate credit card?

[greentea]

I think SOGO credit card is the best rebate credit card provided that you like doing shopping in SOGO

[seamale]

thanks greentea,

SOGO gives back 0.5%
HSBC gives back 0.4%

yes SOGO is little bit better.

[greentea]

Originally Posted by seamale

thanks greentea,

SOGO gives back 0.5%
HSBC gives back 0.4%

yes SOGO is little bit better.

Sorry, SOGO gives back 5% not 0.5%. BTW, Standard Chartered bank also offers a credit card to their staff for 3% rebate.

[seamale]

Originally Posted by greentea

Sorry, SOGO gives back 5% not 0.5%. BTW, Standard Chartered bank also offers a credit card to their staff for 3% rebate.

My understanding is that:

Every HK$1 you spend will earn you UNI$1
Every UNI$200 can be turned into HK$1 cash credit.

therefore

every HK$200 spend will get back HK$1

so the calculation is

1 / 200 * 100 = 0.5%

Please check.

[clarence_kwan_h]

DBS Pay less may be a good choice..

Cash Rebate Program Low Balance Transfer Rate
Shopping can be very rewarding; especially when you spend wisely and get the most out of your money. DBS Pay Less VISA is dedicated to offering you a range of exclusive benefits to help you pay less!


Cash Rebate Program
DBS Pay Less VISA provides an attractive cash rebate program. You can enjoy a cash rebate of up to 2% for every purchase. The more you spend, the more cash rebate you earn. What's more, you'll be rewarded with 0.5% on every purchase after the cumulative cash rebate reach HK$2,000. Cash rebate is calculated monthly based on the actual posting date and posted transaction amount. Total cash rebate will be credited to your credit card account 2 months after card anniversary. The cumulative spending used to determine the cash rebate tier will be set to zero every 12 months.
Cumulative Transaction (HK$)Cash Rebate$25,000 or below0.5%$25,001 - $55,0001%$55,001 or above2%

[clarence_kwan_h]

http://www.dbs.com.hk/bn09.htm

[greentea]

Originally Posted by seamale

My understanding is that:

Every HK$1 you spend will earn you UNI$1
Every UNI$200 can be turned into HK$1 cash credit.

therefore

every HK$200 spend will get back HK$1

so the calculation is

1 / 200 * 100 = 0.5%

Please check.

OK, since I have got SOGO Credit Card, it is different with other UOB cards. For UOB card, you can earn UNI$ and turn them into cash (like Hangseng Bank Card). But for SOGO card, you can get 5% cash rebate from most of the shops in SOGO at your next bill. For example, if you purcahse $100 in PUMA shop, you will rebate $5 at your bill together with that $100. Therefore, you need to pay $95. Of course, that 5% cash rebate is not applied to all Sogo shops in its departmetn store. However, you can get that 5% rebate during discount, which is much attractive.

[z754103]

For all of these cards, shouldn't we also be taking the annual fee into consideration, to work out which would be the best value (for whatever expected level of spending we have)?

[Vrindavan]

DBS Pay less is not that attractive, as most likely
just end up getting the lowest rebate level.

A good card should allow you to get rebate rate higher from the very beginning

for annual fee ?
cancel it before hand if they have to charge you annually