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Was surfing the net for some nice / good deals and came across this and thought to share with those that are interested in using 0% interest installment plan for their big purchase.
Normally 0% interest installment plan does not give you any forms of rewards / cash back / etc. However, seems like UOB One Card allows you "Earn up to S$600 in annual cash rebates on everything you buy, every time, everywhere including your 0% Instalment Payment Plan purchases!" (copy from the website: http://www.uob.com.sg/personal/cards..._one_card.html)
Of course, there is a catch. I have taken the liberty to summarise as much as I can below:
1st catch: Minimum 3 transactions per mth to qualify (including the 0% Instalment Payment Plan)
2nd catch: You get only a max of $150 per quarter / $600 a year
Generally the cash back is as follows:
Spending $300 to $799 per month for 3 consecutive months ($30 rebate per quarter)
Spending $800 to $1,499 per month for 3 consecutive months ($80 rebate per quarter)
Spending $1,500 and above per month for 3 consecutive months ($150 rebate per quarter)
Installment plans can be from 3, 6, 9, 12, 24 to 36-months.
Just to give an example to better illustrate:
Assuming you purchase a $15K watch on a 12 months installment plan using the UOB One Card, you will be paying $1,250 per month. For the next 12 months, you need to sign another two transactions per month and incur up to $250 per month to enjoy the max cash back of $150 per quarter. All in all, you get roughly 3.33% off your expenditure of $1,500 per month, not a lot but better than nothing.
PS: This is for members that are super calculative and wants to make use of all avenues to 'enjoy the best deal'. Do not flame me for sharing this as I thought it is another good 'excuse' to add a new watch to your collection.. And for those that are wondering, I do not sell credit cards.. lol..
Normally 0% interest installment plan does not give you any forms of rewards / cash back / etc. However, seems like UOB One Card allows you "Earn up to S$600 in annual cash rebates on everything you buy, every time, everywhere including your 0% Instalment Payment Plan purchases!" (copy from the website: http://www.uob.com.sg/personal/cards..._one_card.html)
Of course, there is a catch. I have taken the liberty to summarise as much as I can below:
1st catch: Minimum 3 transactions per mth to qualify (including the 0% Instalment Payment Plan)
2nd catch: You get only a max of $150 per quarter / $600 a year
Generally the cash back is as follows:
Spending $300 to $799 per month for 3 consecutive months ($30 rebate per quarter)
Spending $800 to $1,499 per month for 3 consecutive months ($80 rebate per quarter)
Spending $1,500 and above per month for 3 consecutive months ($150 rebate per quarter)
Installment plans can be from 3, 6, 9, 12, 24 to 36-months.
Just to give an example to better illustrate:
Assuming you purchase a $15K watch on a 12 months installment plan using the UOB One Card, you will be paying $1,250 per month. For the next 12 months, you need to sign another two transactions per month and incur up to $250 per month to enjoy the max cash back of $150 per quarter. All in all, you get roughly 3.33% off your expenditure of $1,500 per month, not a lot but better than nothing.
PS: This is for members that are super calculative and wants to make use of all avenues to 'enjoy the best deal'. Do not flame me for sharing this as I thought it is another good 'excuse' to add a new watch to your collection.. And for those that are wondering, I do not sell credit cards.. lol..
so I don't use it to buy anything else 
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