- Apply for a DBS Credit Card & a Standard Chartered XtraSaver Account.
- After a stock purchase, use DBS Credit Card to pay your broker for your stock purchase online. Note that only DBS allows you to do this. This can help you to extend your actual cash payment by around one month!!
- By credit card payment due date, use Standard Chartered XtraSaver Debit Card to pay by NETS via AXS machine. XtraSaver provides 0.5% rebate for all NETS transactions up to a limit of $50 per month. For a sum of $10,000 stock purchase, you already get back $50, and this will help to pay for almost 90% of your buy & sell trading fees.
Cheers and Good Luck!
6 comments:
hi, if i am using uobkayhian online, how do i pay using credit card? please advise, thanks
i have already written that long time ago in my blog. its good to see the news spread around
btw there is other way to earn maximum rebate with Xtrasaver w/o the need to spend a single cents :)
qinzheng you can pay to UOBKH if it is on DBS payee list. i forgot the list
Hi Qizheng,
UOB Kay Hian is in the Bill Payment > Bill Payment Organisation when you log into DBS internet banking.
Just select "UOB Kay Hian", and select your DBS credit card as "Pay From".
Hi Mike,
I learn this from a friend. Great to know that you had it in your blog too. Cheers!
hi, if the value of the shares that you purchased is $10,000, but the NETs daily limit is $3000, does it mean that you have to visit AXS to make payment over 4 days? a bit troublesome, right?
Unless NETS transaction at AXS is not subjected to the limit.
OR you can have your family members open xtrasaver accounts and help to pay on the same trip to AXS. Correct?
Well it depends on your negotiation with the bank on your NETS limit.
For me, I have a higher limit than $3000.
But do note that his method ensures that you have extended your contra period.
hi, could you share with me what are the other ways on utilising the Xtrasaver account as I have that currently as well.
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