Xtrasaver from Standard Chartered - A current account to give you a potentially an interest rate of at least 10% pa!!!
What is it?
A MasterCard debit card linked to its own interest bearing chequing account, that gives you cashback with NETs transaction (0.5% of transaction), petrol and mastercard transaction.
Good?
1) The only card in the market to earn double cashback!
Just imagine paying all your credit card bills using the Mastercard debit card and you got cashback for paying your bills.Eg: After earning rebate from POSB Everyday Card or cashback from Citibank Dividend Card, you earn cashback again when you pay the credit card bill using NETs.
2) Potentially giving you at least $50 cashback monthly or max. $300 cashback monthly (with the right methods, of course!)
Bad?
1) You would need at least $6,000 in the account to earn cashback.
2) Low interest for the chequing account
3) Capped on cashback (Nothing for a big fuss. Free money is better than no money)
How?
Ask by leaving your email address in the comments.
A step by step instruction might be provided.
Cheapskater must thank another fellow Cheapskater for sharing this.Its another dream tool for cheapskater to make free money!!!
Cheapskate of world - Unite!
S/C is proud to promote the cashback function of Xtrasaver.
Cheapskater is proud to use the cashback function.
Having joy from making free money.
Stingy go one side.
Showing posts with label Banking - Saving. Show all posts
Showing posts with label Banking - Saving. Show all posts
Friday, August 24, 2007
Monday, August 20, 2007
Cheapskate just love Standard Chartered Xtrasaver!!!
Thanks to the final $2,000 bill payment to DBS credit bill, I have reached my cap of $50 cashback from Standard Chartered Xtrasaver for NETS transaction for the month of August.
Based on the min. sum of $6,000 deposited in the xtrasaver account and $50 cashback monthly.Cheapskater is able to earn $600 annually.
The interest from the $,6000 is about another $12.
Based on the above, total return is $612 or 10.2%.
Not bad for a current account with an interest rate of 10.2% when UOB is offering 2.28% for her premium customer.
Long live standard chartered for creating the Xtrasaver.
Cheapskater would be a loyal customer for life if you increase your eSaver interest rate too.The T-bill from Philips Securities is giving at least 2.38% currently, your 1.5% is so boring.
Cannot say cheapskater not a loyal customer. Cheapskater is always loyal to money saving!
Based on the min. sum of $6,000 deposited in the xtrasaver account and $50 cashback monthly.Cheapskater is able to earn $600 annually.
The interest from the $,6000 is about another $12.
Based on the above, total return is $612 or 10.2%.
Not bad for a current account with an interest rate of 10.2% when UOB is offering 2.28% for her premium customer.
Long live standard chartered for creating the Xtrasaver.
Cheapskater would be a loyal customer for life if you increase your eSaver interest rate too.The T-bill from Philips Securities is giving at least 2.38% currently, your 1.5% is so boring.
Cannot say cheapskater not a loyal customer. Cheapskater is always loyal to money saving!
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