Cards N Such – More Cards – You Trip Debit Card

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The thing about Cards (Being Credit card, debit card or prepaid card), there seem to be a trend of introduction usable physical card. Just to name a few, Razer Card, Big Pay Card, Wise Card, GrabPay Card, Singlife card and an upcoming card Hugo Card. There is just too many of these around isn’t it. I’ll say it isn’t a bad thing, It is indeed a little troublesome but as long as you manage it properly, it will assist you in your little own personal finance journey.

You Trip Card

Today, I shall discuss more about the YouTrip card. It used to be a wonder travel card before the pandemic hit. Basically, you get superb FX rates when you use the YouTrip card to make a purchase in a foreign currency. Pretty decent I say. Yes, it is another card and you need to preload the amount in SGD (If you dont have any other currency). The max limit I believe will be the same, which is S$5000 at any point in time and an annual limit at S$30,000.

Within their app, you can store any of the following 10 currencies:

  • Australian Dollar (AUD)
  • Euro (EUR)
  • Great British Pound (GBP)
  • Hong Kong Dollar (HKD)
  • Japanese Yen (JPY)
  • New Zealand Dollar (NZD)
  • Singapore Dollar (SGD)
  • Swedish Krona (SEK)
  • Swiss Franc (CHF)
  • United States Dollar (USD)

Pros:

  • It has a great Forex Exchange rate if you need to purchase an item in another currency
  • They don’t charge you any other fee except for the amount they need to pay Mastercard as a service provide.
  • It works just like any other card that you use. Even has a pay wave function.
  • You can most likely use a credit card or debit card to top up the You Trip Card. Pre-Paid cards are most likely not accepted.

Cons:

  • You can’t add it to your mobile wallet.
  • It is a Debit Card (Meaning you need to preload the amount in there and it is capped at S$5000) at any point in time.
  • You also cannot take that money out once you have put it in so think wisely.
  • Other than good Forex rates, there are no perks, rewards or cashback so it really depends on what you are looking out for.

Disclaimer

If you decide to sign up on the You Trip Card, do remember to use my referral code: You Trip Card Referral Link, You will get S$5 once you made your first top up to the card and I will receive the same too.

If you like what I am sharing or if it resonates with you, do use my referral codes for other services at https://lifejourney.blog/contact/

These pictures were taken off You Trip website for reference

Futu Brokerage – MooMoo Singapore Promotions

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Here comes another brokerage in Singapore – Futu Holdings and under the Singapore name “MooMoo”? Sounds kind of fishy but legit.

From their website:

Their investors include Tencent Holdings, Matrix Partners and Sequoia Capital. Sounds decent to me.

Futu Holdings Limited (“Futu”) (NASDAQ: FUTU)is an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform .

Futu was listed on Nasdaq on March 8, 2019.

Under MooMoo, they are under the Singapore branch, https://www.moomoo.com/ and from time to time they will run a promotion to fund the brokerage account to get 1 Apple share. Although after setting up the brokerage, maybe buying Futu stocks in the US stock exchange might be a good idea given their backing.

After Tiger brokers, here come another commission free brokerage mobile platform with similar functions and good promotions. It seems like the apple share promotion has ended. If you wish to sign up for those commission free perks and/or future promotions, do use my referral code here: https://j.moomoo.com/004Fsa

  1. Currently, the promotion would run for 600 days free commissions.
  2. Also if you fund USD 2k equivalent. there is a USD30 credit.
  3. Plus free level 2 market data.

Disclaimer

If you decide to sign up with Futu Brokerage, do remember to use my referral code: https://endowus.com/invite?code=EDZ8M

If you like what I am sharing or if it resonates with you, do use my referral codes for other services at https://lifejourney.blog/contact/

These pictures were taken off Futu/Moomoo website for reference.

Razer Pay – Digital Wallet and Card Beta

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Yet another Payment wallet once more. This is known as Razor Pay. This is also The Singaporean son, Tan Min Liang who famously wrote to our PM to suggest a proposal to unify payment solutions. It sounds more gimmick than ideal strategy when it was first published. Who doesn’t know him right? Then again, the speed at which solution was launched was so much slower than GovTech.

To get the Razer Pay app, apply through here: https://pay.razer.com/ and you may use my referral code 9iog2G. Both of us will receive a $1 credit to our wallets. In addition, that allow us to stand a chance to win a Razer Gaming Chair (worth $749.90).

After completing the Razer application and profile, you will probably get a Razer mask for free at the Razer Store. Not too sure if there is a delivery fee.

Razer Card (Beta)

For using the card beta, you will get:

a) 1% cashback on all purchases.

b) 10% cashback on purchases from Razer Store.

There is no minimum spend and no cashback cap during Card Beta. After Beta, we shall see how it goes.

Some perks here that includes getting the credit card rewards:

  • Using specific miles card, you can also get miles (If that still matters given the current situation

  • For now, you can still use the Razer card to top up YouTrip card so far. Shall use that to try to top up the BigPay card as well.

Rewards

From now till 31 Dec 2020, Razer is running attractive reward tasks and some of them are so easy to achieve that it is almost free money/gift. The value you see in getting these gifts depends on how you view these items are actually worth the time and money for. The four categories are Getting Started, Pay, Spend and Influence.

The final ultimate gifting is completing everything is that you will be rewarded with a Razer Iskur Gaming Chair (worth $749.90)

Conclusion

The Pros:

  • Works with some prepaid cards so you get the credit card rewards as well.
  • Withdrawal cannot be done. No ATM withdrawals at the moment.
  • For payments that doesn’t give a cashback, I guess this card comes in handy.
  • Rewards is based on the Razer Store and limited to the gamers. I’ll say it is both pro and cons.
  • The spend and fund limits seems like what many other wallets are providing (e.g. Grab Pay) so that sits on the fence as well.

The Cons:

  • Feels just like another Pay Service and wallet.
  • Rewards seems pretty and limited so I probably will use sparingly.

Disclaimer

This is not a sponsored post. This is just a tool and exploration to find out discounts and deals. It is never too much to learn and know more about.

If you like what I am sharing, to get the Razer Pay app, apply through here: Razer Pay and you may use my referral code 9iog2G. Both of us will receive a $1 credit to our wallets. In addition, that allow us to stand a chance to win a Razer Gaming Chair (worth $749.90).

This picture image was taken off Razer Pay website for illustration purpose only.

Big Pay (Digital Payment)

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Another payment service has come into the picture. More apps, more interface and more complexity is added into the whole scheme of things now. It feels abit like delivery and food services in the yesteryears. I don’t know about you but I do feel like many of these are popping up as if they are the next super app. I choose to believe that they want the users in order to sell more marketing money to another sucker. But well, as long as there are benefits to consumers and data is kept confidential. Why not?

What or who owns BigPay?

As defined from the website, AirAsia founder and CEO Tony Fernandes officially unveiled BigPay, the budget airline new digital payments platform, at the Money 2020 conference in Singapore

BigPay offers a mobile wallet which can store up to 10 credit and debit cards, and has partnered with MasterCard to offer its own top-up cash card that can be used for payments and withdrawals worldwide. Users can view transactions in real-time on the app to keep track of their daily spending.

What set them apart? As they have claimed

BigPay allows you to spend in 150 supported currencies without transaction fees at Visa’s exchange rate, and also allows you to withdraw money from overseas Via, Maestro, or Cirrus ATMs. It also allows you to make international bank transfers. I’m not too sure if this is the best way to do this as there are so many other options that can also do this.

Rewards

The app has a interface that would reflect spending categories and that separation would be suitable for someone who appreciate such stuff to track their monthly expenses.

Of course, all wallets would have their rewards to keep you using their app for a pro-longed period until you are dependant on it. t

The reward: 1 BIG points for every $5 spent on payments only. I think that for now, they have not figured out the main touch points that people want for rewards other than implementing their own services. This will come unless the app decided that they do not wish to invest more money on this. So this is a very good way to measure how serious a company is when they start expanding their business.

The Deal – $5 for referrer and referee

The key benefits now: We’ll both get $5 credited to our BigPay wallet when you complete the sign-up process by activating the physical card that’d arrive in your mail. After that, you can refer your friends and so on and so forth. It doesn’t seem like there is any cap at the moment since they are new.

Easy transfer back to account

BigPay allows you to withdraw your balance in cash to your bank account. The thing to note is that it’s limited to $100 a day, $300 a month, and you have to pay $1 fee each time you withdraw as a transaction fee. Okay, that isn’t too great a news. Most people don’t even want to pay $0.01 for anything.

That being said, as my philosophy, don’t sweat the small stuff. Smaller or new companies need to pay their overheads and salaries so this mindset would take a least a decade for people to understand.

Sidetrack a little to those who think that saving every cent is considered thrifty. Don’t blame companies for raising prices or dropping interests.

  1. No one owes you anything
  2. It is a free world. Anyone is free to choose – Do not use what you determine as best to define good.
  3. Treat customer service with respect.
  4. Companies have overheads and salaries to pay. Directly or indirectly it saves someone a job and income so increased costs have to be translated back to consumers.
  5. Don’t sweat the small stuff.

Able to stack with other cards

BigPay can double stack with prepaid cards, which is also something that is virtually impossible. For now, you can still use your Grab Card to top up your BigPay wallet. Nice.

It also seems like the Razer Card (which is still in beta) works with BigPay for now.

Delivery

It takes about 4-7 business days for the card to transit and reach you via a registered courier. From there, you will then receive your card.

Conclusion

The Pros:

  • Works with some prepaid cards
  • Withdrawal can be done but at a cost.
  • Hard to find more

The Cons:

  • Low and limited withdrawal amount of $100 per day; $300 per month.
  • Rewards seems pretty and limited so I probably will not use it.

Disclaimer

This is not a sponsored post. This is just a tool and exploration to find out discounts and deals. It is never too much to learn and know more about.

If you like what I am sharing, use my BigPay referral code and both you and I will get $5 sign up bonus. Sign up with the referral code CQDU0PRU7X or tap on this link BigPay Referral now

This picture image was taken off BigPay website for illustration purpose only.

Christmas Dash

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I’m not a big fan of Singtel but as usual, don’t go against anyone or anything that gives you a decent deal. Dash is basically a digital payment App. They have developed the interface to include deals and a rewards scheme if you use their app to buy, remit or top up SIM card or international air time. Basically, like a grabpay app but suited to fit in their own services.

If you use Singtel Dash to shop, dine and spend this festive period, Dash users will earn a bonus chance to shake the Dash snow globe within the app and win a sure-win prize so long they meet any of the criteria from now till 31 Dec 2020:

  • Make a min $20 hi! SIM card top-up / Make an international air time top-up of $10
  • Make a purchase of minimum $10
  • Remitting $400

Disclaimer

This is not a sponsored post. This is just a tool and exploration to find out discounts and deals. It is never too much to learn and know more about.

If you like what I am sharing, use my Dash referral code and both you and I will get up to $2 cashback for your first Singtel Dash transaction. Sign up with the referral code DASH-RYJKN or tap on this link SingTel Dash now

This picture image was taken off Singtel Dash for illustration purpose only.

CardUp and getting more buck for your money?

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Do you randomly try to look up for deals on cashback and miles? I can say that I’m a true blue Singaporean. I will try my best to always look for a good deal without going out of the way and affect my time when searching for such good deals. I’ve used this service CardUp when it first launched and the first transaction was kind of like free since it was on a promotional rate with Citibank cards.

Two years on, I still find it hard to catch on this bandwagon where you actually have to pay a fee to get rewards. But who am I to say anything about if this is a good business model. They must be around here to service a group of customers who want to buy miles or get cashback for some of their payments.

I’m not exactly the kind of guy who spends more to save more but I must say it is a good marketing strategy.

What is CardUp?

From their website: “CardUp is a credit card enablement platform, which enables the payment or collection of big expenses using credit card, in places where cards are not accepted today. Examples of payments include rent, tax, invoices, payroll and more, which are still paid by cash, cheque or bank transfer.

With CardUp, individuals and businesses can now shift these big payments to their existing credit cards. This provides an unparalleled opportunity to earn credit card rewards, access interest-free credit and digitise payments – making big payments rewarding.”

Rewards or Spend more Get More

Even until today, I still find it very difficult to see if this is a reward scheme. Maybe this is a way to get more out of spending more. I stay by my own views about credit card rewards because if you have to spend more to get more. I don’t get it. I’ll say that unless there are monetary benefits to cover the initial or some of the fees that is required, I don’t find it sensible. That said, there are the miles and cashback camp who like to make sure there are benefits for every transaction.

Don’t get me wrong, these are great strategies to get the best bang for your buck. Again, different things is just for different folks. This doesn’t really work for me. Truth be told, I am 50-50 on miles and cashback but don’t agree with paying more for it. Perhaps more selectively, a good deal is something worth paying for but not all situation.

If you really want to get on this, just drop me a note for a referral code.

Disclaimer

If you like what you are seeing, do remember to check they out and do your diligence. There is no one size fits all investment strategy.

If you like what I am sharing or if it resonates with you, do use my referral codes here at https://lifejourney.blog/contact/ for the services.

Able to write and share is my main objective is to create a community. Blogging is what I always wanted to do. Being mentally well and put down content is something I always wanted to do. Trying out new things will definitely bring one’s horizon to a different level.

Everest Gold

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The sound of Everest Gold is not exactly sound and safe at first notice but they are a new digital trading platform. You can trade gold digitally now, akin to a stock brokerage account. There are a number of articles out there from bloggers and online news that talks about Everest Gold.

Trying it out

To try it out, you do not need to put in any money. All you need is to use my referral code and your will be awarded 200k points which is approximately USD 20. These rewards can be used to subscribe for gold during their events.

  • No need for any transactions. Just make sure your details, bank accounts and everything is verified.
  • Referral is limited. Not sure if they will be bringing this back but in Oct 2020, the fee was 300k points which is approximately USD 40.

Referral

Use this link to find out more if you are interested at Everest Gold or use this referral code when you decide to sign up: TZLLE. Both of us will get more rewards for subscription.

History

A little dig up of the company. Everest Gold is a Singapore-based  fintech gold trading form. The creation of such a service is to digitise gold trading and makes it easy for both beginner and expert investors. It is suitable for anyone who have interest in gold trading. I personally have also tested their customer service team and response is pretty decent.

Everest Gold uses 999.9 pure investment grade gold. 1kg bard are from a refiner in switzerland. You can also download them from an app and investing starts from 1 gram. From what it seems, anyone can trade and liquidate almost immediately. Physical gold assets can also be collected from their depositories by submission of a request in-app.

Disclaimer

I do use this service and by signing up as a referrer, both you and I will get some benefits.

As with all investments, there are risks involved so please do your own diligence.

If you like what I am sharing or if it resonates with you, do use my referral codes for other services at https://lifejourney.blog/contact/

The pictures were taken from the Everest Gold website for this article.

Save more when you shop more (Shopback)

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Shopping for groceries, ordering food from the food apps and online shopping has taken over the world. Covid-19 has made the world to go online and digital in over a short span of time. I find the transformation amazing to the point where businesses are starting to show that they value the digital aspect of promoting their products and services. In Singapore, I do see that many businesses are transforming and redesigning their businesses to a different model as before. However, there are still those black sheep who are out there to just cheat or jack prices up to profit from scarcity.

Shopping

Speaking of shopping online. This is a really cool site to download the app into your mobile phone. This is a local company named Shopback. It gives you cashback into your account for any online spending. These days, you can link your credit card and once you spend on your credit card, the cashback automatically gets credited to your Shopback account. Talk about convenience. There is a new function that Shopback has and that is to purchase vouchers directly from Shopback. You can even use the credits from the cashback you received from previous purchases. That’s stacking more deals and more discounts.

Cashback

Each time you use your card on eligible brands and products (F&B, hotel staycation, vouchers and etc…) there will be a cash back amount allocated to you. The cash will be credited to your account ranging from 3 days to 3 months depending on when the merchant pays them for referring or recommending their products. To a certain extent, it is similar to affiliate marketing. Instead of paying out in marketing costs, the merchants pay affiliate marketers to promote their brands and Shopback gives back a portion of that commission back to the consumers as a form of incentive.

Enough said about getting more bang for your buck. Try it out and see it for yourself. We both earn a $5 bonus once you use my code and spend $20. Easy Peasy.

Save more by using ShopBack to earn Cashback. Download the app and sign up with my referral link to get $5. You can thank me later! https://app.shopback.com/OXuizVNBy9

Even More Cashback?

With the recent 9.9 sale, using a Citibank credit card seem to net you more cashback than usual. Something like additional 3% more cashback but not too sure when that would last till. Promotions don’t last forever so while stocks last. You can actually buy online vouchers from Qoo10, comfortdelgro, grab mart, grabfood, grabtaxi, pupsik, fairprice, GV and more

During random periods or campaigns, they may have upsized cashback deals which doubles the % of deals to your account once you make a transaction. From local brands to big global brands, grocery shopping and ticketing. I’ll say it is a no-brainer.

Disclaimer

This is not a sponsored post and purely my own opinion that I am writing about in my thoughts. If you like what you are seeing, do remember to check they out and do your diligence.  Don’t be too fixated with what is the best.

If you like what I am sharing or if it resonates with you, do use my referral codes for other services and products here at https://lifejourney.blog/contact/ for the services.

Images seen in this article were take off the relevant websites for illustration purposes only.

Crypto.com Exchange (Crypto Trading)

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Crypto Trading has been something that I was looking to go a couple of years ago. However the process and understanding the steps were just complex and seems daunting. The whole idea of buying crypto through a block-chain transaction and also when you transfer ETH through the ERC-20 system and so on and so forth.

I didn’t even know what was gas to begin with! Then came Crypto.com that was my initial foray into crypto currency and it gave me confidence because of how simple the setup was. It was built into 2 segments and eventually developed into a brokerage style (Crypto.com Exchange) at Exchange

Crypto.com App

The app is divided into two sections: The first is the Visa Debit Card and the second the purchasing wallet in the Crypto App. You can sell your crypto into the Visa Card (This is only one way) in the form of BTC to Fiat Currency. You can buy and sell and convert from different coins/tokens within the app itself as long as they list it in the App.

The next development that they built was the earn functions. It works like a fixed deposit. You need to put in a minimum sum, it can be no terms, 1 month or 3 month and they pay you the interest every week. The presumed interest rates are not fixed and are subject to changes. I find that the flexible terms plans allow for such flexibility. I previously talked about Crypto.com here Foray into Cryptocurrency with a Visa Card

Crypto.com Exchange

Recently, Crypto.com built an Exchange platform. This is what most people define traditionally as the brokerage. This exchange platform will allow you to set triggers for all coin pairs that is tradable on the exchange. You can also set limit buy and sell or market orders through the platform. This gives some form of control as the rates are always moving even during weekends. On the App itself, the rates are probably held for 5/10 secs depend on how volatile the trading pairs are but the exchange will provide live and almost instant conversion at the price that one would like to get.

You can also soft stake in the exchange with other coins that is listed on the page. It means that certain coins get some form of interest just by putting it on the exchange. You do not need to do anything but just take note that it may change from time to time.

Above is the referral programme for both referrer and referee for NEW Users.

They also have a referral programme now. You can also read more about it in detail here at Exchange Referral

The sky is the limit for now. Look at the referral bonus paid out in CROs Tokens. The rich gets richer.

Above is the referral programme for both referrer and referee for EXISTING Users

Benefits

  • No referral limits – You can refer as many friends as you want; you and your friends will each be rewarded upon meeting the requirements.
  • Bonus credited instantly – Referrer/Referee will receive their bonuses immediately once all conditions are met.

If you would like to give it a go or just to try it out, do use my referral code. Meanwhile, if you have any questions about funding or what to use to buy and how to buy, just drop me a note anytime.

Referral Link: My Referral Link

Referral Code: im3py887ty

Disclaimer

This is not a sponsored post. This is purely my own opinion after using their service and/or products. If you like what you are seeing, do remember to check they out and do your diligence. There is no one size fits all investment strategy.

If you like what I am sharing or if it resonates with you, do use my referral codes here at https://lifejourney.blog/contact/ for the services.

Images seen in this article were take off the relevant websites for illustration purposes only.

StashAway – August 2020

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Stash Away is another Robo Advisor with different proposition. In my previous posts, I discussed about why I chose different Robo-advisors. Part of me is really to try out what works for me and if I would stay with them long-term. After using Stash Away since Jan 2020, my answer would be a yes. This is the first time I am writing about Stash Away and the experience has been good so far.

Stash Away has a ERAA® (Economic Regime-based Asset Allocation) based robo-systematic allocation system and there is nothing much to complain about. For any SGD funded into the account, it would have to convert to USD in order to buy into the portfolio which involves fees. For dividends distribution, most likely there will be the usual withholding tax. (30%)

One little tip that I realised with cash deposits is that when the US market comes off and I deposit some cash into the portfolio. Within the day, I can see the prices in the app. With SRS funds, It is not that simple. It takes about 2-3 days to do so.

On my view on Stash Away

The Good so far

I really like the App. It is simple and easy to navigate. The colours are all nice and warm, it makes you feel secure with your funds. I like the way they use the technology and methodology to invest the money. The idea is based on an algorithm approach. Recently they reallocated to add on Gold to the portfolio and I think that it was a great move. For cash funds get invested almost immediate in the morning without any lag time sounds good.

One of my habits is to listen to market outlook but that is hard to come back these days. Stash Away has a weekly market commentary by the CIO, Freddy Lim. The very first time i heard him speak was right before the circuit breaker where he shared about risk reward ratio for Stash Away in 2019. Thereafter, his views and comments about the market have been succinct and easy to digest. This makes it easy to understand for everyone. The market commentary is only 15 minutes so it doesn’t take up too much of my time yet it allows me to take back a lot more.

The bad so far

They use a custodian account so the funds are not under your own name. That said, it just means that they have more control and flexibility about the fund flow in a legal way. Even though the move to add commodities into the account, I still feel a little uncomfortable but then I have a long horizon of 10 years so I guess only time will tell. I also do not quite like that they use Saxo Capital to execute the trades. I find that Saxo is generally more costly and offers poor FX rate for the retail and private clients. Given the options we have for brokerage these days, Saxo is not competitive at all in my opinion.

Summary of my portfolio

I have separated three portfolio:

A. Education Funds A – Risk Adjusted to 26%

B. Education Funds B – Risk Adjusted to 22%

C. Retirement Funds C- Risk Adjusted to 30%

From time to time, I will adjust the risk portfolio in the app accordingly when I feel that markets are moving up or down. I take certain risk in that but that is just a very small tweak I make. This is an extremely interesting feature for Stash Away.

Fund A Performance

Since April, the portfolio is up about 7.0% annualised which is pretty good.

Fund B Performance

Since April, the portfolio is up about 4.0% annualised and if markets were too pullback, it would be a good time to top up. Fund A and Fund B was invested in the same time. The main objective was to find out how the fund would perform while using different risk matrix.

Fund C Performance

Fund C was invested since February 2020 before the market pull back. This portion of the fund wasn’t doing well back then in march 2020 and at one point in time, it was at the – -30% mark. But it has since recovered and I have put in more funds into this retirement fund. This Fund has a 20 year horizon so it has a long way to go and I’m not too worried about where it is going in the next 5 years.

As a totality, the full portfolio performance is doing pretty good at around 3.8% annualised.

As you can see in the transaction reports, the details in SGD conversion to USD (1/0.7268 = 1.3759) and investments into the respective US based ETFs that the portfolio chose to follow before funding.

To sign up or try out Stash Away, visit the website and use my referral code at Stash Away Referral

We’ll both get up to $10,000 SGD managed for free for 6 months which is a good deal.

Disclaimer

If you like what I am sharing or if it resonates with you, do use my referral codes for other services at https://lifejourney.blog/contact/

The pictures were taken from the Stash Away website for this article.