My Credit Card Strategy 2024

My Credit Card Strategy 2024

Accurate as of

02 April 2024

Credit cards when used responsibly becomes the best way to earn rewards on our already incurring expenditures. If you’ve followed along on my channel, I tend to accumulate cashback instead of miles. BUT! I’ve officially jump over to the other side, I’m going after miles. My reason was to offer the business class experience to my mom. 😬

💰 CASHBACK OR ✈️ MILES?

You’ve got to ask yourself this question first, would you one day want to experience flying business class?

I chose Cashback instead of miles back then (maybe even now still) as I did not desire for the business / first class experience. Flying budget, then spending more whilst travelling made logical sense + most of the countries I fly to are less than 7 hours away.

A little tip for you if you’ve chosen the Miles game - Find a card that gives you 4 / 6 miles per dollar, otherwise the accumulation will take forever. This is my Miles Credit Card strategy video, scroll down further as I share my 2024 Miles Credit Card combination.

2024 Ultimate Cashback Credit Card Combination (No Minimum Spend)

Mindset - Match your expenses to a particular credit card that would give you the best rewards for that spending. You never want to find great cards and match your spendings to it.

Expenses
Credit Card
Redemption Value
🎁
🚌 Public Transport (Bus/MRT) 📺 Digital Subscriptions netflix, spotify, youtube, disney+ ☕️ Coffee toastbox, ya kun, fun toast 🍔 Fast Food burgerking, kfc, mcd, subway
6% Cashback Capped at $818 / Statement month 19.2 points / $1
Cashback Min 3,200 points for each redemption = S$10 Cashback
🍣 Dining 🛵 Food Delivery 🛒 Supermarket removed from 01 May 2024 🛍️ Shopping 🚖 Taxi ✈️ Flight Tickets 🏋🏻 Gym Memberships
2.5% Cashback Capped at $1,000 / Calendar month +1% Everyday Rewards Programme
4,000 points = SGD10 every incremental SGD1 redemption is at 400 rewards points thereafter
Alternatives for 🛵 Food Delivery 🛒 Supermarket
DCS Unlimited Platinum Card or UOB Absolute AMEX (1.7%)
2% Cashback Capped at $200 cashback / month An Expense of $10,000 a month
🏥 Insurance 💳 Pay for CC Bill
HSBC Everyday Global Savings Account - Everyday Rewards Programme
1% Cashback
-
📞 Phone Bill ⚡️ Utilities from 06 May 2024, utilities cashback drops to 0.3%
UOB Absolute AMEX Credit Card
1.7%
-

My 2024 Ultimate Miles Credit Card Combination (No Minimum Spend)

🤨
After all the nerfs 🔫 this is my updated plan from 01 May 2024
Expenses
Credit Card
Redemption Value (KF)
🎁
🚌 Public Transport (Bus/MRT) 📺 Digital Subscriptions netflix, spotify, youtube, disney+ ☕️ Coffee toastbox, ya kun, fun toast 🍔 Fast Food burgerking, kfc, mcd, subway
5.6 mpd capped at $818 / Statement month
34,500 points for 10,000 miles
🍣 Restaurants 🛍️ Shopping 🚖 Taxi ✈️ Flight Tickets 🏋🏻 Gym Memberships
4mpd capped at $1,000 / Calendar month +1% Everyday Rewards Programme
25,000 Points = 10,000 Miles
HSBC Revo’s nerf pushes these MCC to this card 🛵 Food Delivery 🛒 Supermarket
Citi Rewards + Instarem Amaze
4mpd capped at $1,000 / Statement Month
25,000 ThankYou points for 10,000 miles
🏥 Insurance 💳 Pay for CC Bill (for now it’s still this strategy)
HSBC Everyday Global Savings Account - Everyday Rewards Programme
1% Cashback
-
📞 Phone Bill ⚡️ Utilities from 06 May 2024, utilities cashback drops to 0.3%
UOB Absolute AMEX Credit Card
1.7%
-
🏝️ Travel
UOB Lady’s
4mpd capped at $1,000 / Calendar Month
UNI$ 5,000 for 10,000 miles