will buying voucher leads to more orphan voucher or forced-spending habit in the long run? and by using voucher will clock lesser eligible spending on next month, in which I will need to buy even more voucher?
Use the buying voucher only if u can’t hit the spend for that month. Eg month 1 lack $300, buy $300 voucher to hit the spend Month 2, if don’t anticipate alot of spending, js move the spending to miles cards. While using vouchers to pay Month 3, not alot of spend, js use miles cards again Month 4, higher spend, change back to using cashback cards + buy vouchers to hit min soend
The amount that's deducted means that's the amount you saved from paying. Eg $20 cashback, means $20 in your bank that's not used for paying the credit card bill
Since DBS only have one year expiry, Is it better to use UOB PPV and also UOB ladies for travel replacing the DBS woman. And use KrisFlyer for cardup instead of PRVI miles?
For the first ques, i think possible, but js make sure u can spend enough on both cards so that its easier to waive the annual fees. If not enough spend, better to js stick to one card 2nd ques, krisflyer not eligible for cardup, only general spend cards like prvi miles can. Check milelion article milelion.com/2023/11/27/whats-the-best-card-to-use-for-cardup/
@@HealthSX Ya, that account is actually very good for giro payments, cos it gives 1% cashback whenever u pay giro. Eg i use it to pay my credit card bills every month, a $1,000 bill = $10 cashback
UOB PRVI only gives 1.4 mpd. Its only good for paying hard to earn stuff like insurance, tax via cardup. For day to day spend, use other cards like ppv, uob ladies to earn 4mpd
@@KelvinLearnsInvesting Thanks with a fee for both card. I think for mile collector is more for big spender , i will go for more straight forward cash back
Depends which u prefer. But i would say miles easier to play cos it doesnt have that much rewards cap as compared to cashback. Officially u can’t use personal cards for business expenses. The best business miles card is amex highflyer. But personally I’m using personal miles cards for biz exp cos the spend is low, around $500-1k Can check this article milelion.com/2024/10/19/can-you-use-a-personal-credit-card-for-business-expenses/
So after earning that $54 cashback, u can use it to pay for cardup fees. Assuming cardup charges 1.85% fee, the max amount u can pay for is $2919 $2919 x 1.85% =$54
@@KelvinLearnsInvesting planning to sign up cardup with your referral, so just to clarify the $2,919 used to pay for fees can be paid using UOB PRVI to in term earn the miles bought using cardup right?
@@KelvinLearnsInvesting looking to signup for cardup with your referral! just to clarify, does this means you're using the UOB PRVI miles card to pay that cardup fee of $2,919 which will convert into the 4,132 miles?
Use the cashback that you receive and go buy miles with it. There is a cost which he factored in. For example the DBS yuu card you take the $55 cash back, go and spend $2.9k on monthly mortgage and etc expenses that usually don't allow credit cards to earn miles, the $55 becomes the cost you pay to get these miles. If you have bulk payments like insurance etc say $5k-$10k one shot, you can accumulate your cash back earn interest and pay that cost one shot and thus earn more than his spreadsheet suggest.
So meaning the cashback is use to pay the card up fees? But when your receive cashback you can’t take out? It’s use to deduct for your next statement right.
How do we get 1% cash back = 1 mpd? Let's say a return biz class to Japan by cash = $5,200 By miles = 104,000 miles Wouldn't 1 mile = $0.05 ($5,200/104,000)? and 4 mile = $0.20? Means I need a 20% cash back card (giving 20% cash back per dollar spent) to compete with a 4 mpd miles card. I'm not familiar with CardUp, which could be something I'm missing here.
Usually it’s around 1.2 to 1.4. Can see this video how i derive the number What Is The Value Of A KrisFlyer Mile? ruclips.net/video/mf5H9fPWtrE/видео.html
@@KelvinLearnsInvesting Thanks for sharing the link! Makes a lot of sense now. Seems like we are looking at a couple of stuff when it comes to miles (just a small subset of what I gathered from your "What is The Value of a KrisFlyer Mile" video): When - 1) Earning miles - 1.25 cpm 2) Buying miles - 1 to 1.23 cpm 3) Redeeming of miles - (biz flight redemption) 1.47 to 1.79 cpm. Basically the value of redeeming miles should be worth more than the amount you buy / earn your miles. I guess what your "Stop Earning Miles! Why You Should Use Cashback Cards Instead" video is sharing, is on the opportunity cost involved when we solely earn miles by using Miles / Rewards cards only. I feel so noob, now I just need to find your video on CardUp, and platforms for buying miles (if you have) 🤣 Great videos as always, wishing you and your family a blessed Christmas and happy holidays!
Here’s my cardup video ruclips.net/video/lapqo6eXNqE/видео.htmlsi=xxoD6hDoFvrTMTU6 Its a little outdated though. Milelion has the latest article milelion.com/2024/09/07/cardup-offering-1-78-admin-fee-for-new-payment-categories-buy-miles-from-1-09-cents/
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"Stop earning miles" and then went on the whole video teaching you how to earn miles lol
I see where you get your intro from 😂😂😂 nice pun indeed!!
😂🤣
Who is your mentor Mary Beth?
may i know is it worth to pay insurance, mcst via Card up to earn miles on UOB PRVI?
Do u have to apply for the miles for the uob one card when enjoying the cash back ?
UOB One card gives cashback, cannot apply for miles
will buying voucher leads to more orphan voucher or forced-spending habit in the long run? and by using voucher will clock lesser eligible spending on next month, in which I will need to buy even more voucher?
Use the buying voucher only if u can’t hit the spend for that month.
Eg month 1 lack $300, buy $300 voucher to hit the spend
Month 2, if don’t anticipate alot of spending, js move the spending to miles cards. While using vouchers to pay
Month 3, not alot of spend, js use miles cards again
Month 4, higher spend, change back to using cashback cards + buy vouchers to hit min soend
@ appreciate your explanation, thank you sensei! Merry Christmas to you and family! 🥳
I envy your mile cards table of only $1.6k expenditure.
That’s just a sample. My entire family spending alot more than that
Hi Kevin, what’s your view on HSBC T1 card?
ruclips.net/video/na0QgyzTjDw/видео.htmlsi=sO65Y8LPd7CdfQW_
I thought cashback will immediately deduct from your next bill? How to use the money to buy cardup miles
The amount that's deducted means that's the amount you saved from paying. Eg $20 cashback, means $20 in your bank that's not used for paying the credit card bill
Since DBS only have one year expiry,
Is it better to use UOB PPV and also UOB ladies for travel replacing the DBS woman.
And use KrisFlyer for cardup instead of PRVI miles?
For the first ques, i think possible, but js make sure u can spend enough on both cards so that its easier to waive the annual fees. If not enough spend, better to js stick to one card
2nd ques, krisflyer not eligible for cardup, only general spend cards like prvi miles can. Check milelion article
milelion.com/2023/11/27/whats-the-best-card-to-use-for-cardup/
@ noted Kevin. Also you recommend using hsbc everyday global account too?
@@HealthSX Ya, that account is actually very good for giro payments, cos it gives 1% cashback whenever u pay giro. Eg i use it to pay my credit card bills every month, a $1,000 bill = $10 cashback
@ I see
In that case is it worth it just to get UOB PRVI just for paying all these?
UOB PRVI only gives 1.4 mpd. Its only good for paying hard to earn stuff like insurance, tax via cardup. For day to day spend, use other cards like ppv, uob ladies to earn 4mpd
If have 2 mile card ffrom citi and dbs then how to pull all the mile to together to buy air ticket?
When wanna buy air ticket, need to transfer the credit card points to an airline, eg Singapore Airlines
@@KelvinLearnsInvesting Thanks with a fee for both card. I think for mile collector is more for big spender , i will go for more straight forward cash back
I have $5000 average business expense monthly that I can charge to my credit cards. Should I play the miles game or cash back ?
Depends which u prefer. But i would say miles easier to play cos it doesnt have that much rewards cap as compared to cashback.
Officially u can’t use personal cards for business expenses. The best business miles card is amex highflyer.
But personally I’m using personal miles cards for biz exp cos the spend is low, around $500-1k
Can check this article
milelion.com/2024/10/19/can-you-use-a-personal-credit-card-for-business-expenses/
Can i ask what does the $2,919 amount represent?
So after earning that $54 cashback, u can use it to pay for cardup fees.
Assuming cardup charges 1.85% fee, the max amount u can pay for is $2919
$2919 x 1.85% =$54
ahh the max amt. thanks for explaining!
@@KelvinLearnsInvesting planning to sign up cardup with your referral, so just to clarify the $2,919 used to pay for fees can be paid using UOB PRVI to in term earn the miles bought using cardup right?
@@KelvinLearnsInvesting looking to signup for cardup with your referral! just to clarify, does this means you're using the UOB PRVI miles card to pay that cardup fee of $2,919 which will convert into the 4,132 miles?
i dont travel much so cashback cards are easy no brainer for me.
I don't understand the 'payment' amount in the spreadsheet. How does this all work.
Use the cashback that you receive and go buy miles with it. There is a cost which he factored in. For example the DBS yuu card you take the $55 cash back, go and spend $2.9k on monthly mortgage and etc expenses that usually don't allow credit cards to earn miles, the $55 becomes the cost you pay to get these miles.
If you have bulk payments like insurance etc say $5k-$10k one shot, you can accumulate your cash back earn interest and pay that cost one shot and thus earn more than his spreadsheet suggest.
So meaning the cashback is use to pay the card up fees? But when your receive cashback you can’t take out? It’s use to deduct for your next statement right.
@@Cloudstrife-ah Yeah but this is just 1 month right? Next month and the following etc, you will pay $55 lesser right and this continues.
Cardup has fees right
CardUp has fees. The fees are offset by the cashback earned from cashback cards (as shown in video), as well as the 1% cashback from HSBC EGA
What about trust cashback
Trust cashback more suitable to be used for overseas spend. Their local spend cashback requires spend on very specific category, hard to use
How do we get 1% cash back = 1 mpd?
Let's say a return biz class to Japan by cash = $5,200
By miles = 104,000 miles
Wouldn't 1 mile = $0.05 ($5,200/104,000)? and 4 mile = $0.20? Means I need a 20% cash back card (giving 20% cash back per dollar spent) to compete with a 4 mpd miles card.
I'm not familiar with CardUp, which could be something I'm missing here.
Usually it’s around 1.2 to 1.4. Can see this video how i derive the number
What Is The Value Of A KrisFlyer Mile?
ruclips.net/video/mf5H9fPWtrE/видео.html
@@KelvinLearnsInvesting Thanks for sharing the link! Makes a lot of sense now.
Seems like we are looking at a couple of stuff when it comes to miles (just a small subset of what I gathered from your "What is The Value of a KrisFlyer Mile" video):
When -
1) Earning miles - 1.25 cpm
2) Buying miles - 1 to 1.23 cpm
3) Redeeming of miles - (biz flight redemption) 1.47 to 1.79 cpm.
Basically the value of redeeming miles should be worth more than the amount you buy / earn your miles.
I guess what your "Stop Earning Miles! Why You Should Use Cashback Cards Instead" video is sharing, is on the opportunity cost involved when we solely earn miles by using Miles / Rewards cards only.
I feel so noob, now I just need to find your video on CardUp, and platforms for buying miles (if you have) 🤣
Great videos as always, wishing you and your family a blessed Christmas and happy holidays!
Here’s my cardup video
ruclips.net/video/lapqo6eXNqE/видео.htmlsi=xxoD6hDoFvrTMTU6
Its a little outdated though. Milelion has the latest article
milelion.com/2024/09/07/cardup-offering-1-78-admin-fee-for-new-payment-categories-buy-miles-from-1-09-cents/
Mouse ? 😂😂😂😂😂😂😂😂😂
Mickey Mouse!