Bank : Public Bank
Product : PB-Esso Mobil Visa Gold Credit Card
Marketing word:
*Up to 8% cash rebate on on fuel and non-fuel purchase at Esso or Mobil service stations
Fact [disclosed, not hidden]
additional 3% cash rebate on top of the tier. The maximum cash rebate is RM80 per month. Promotion valid till 31 March 2011 and the 5% as follow in tiered rate:-
| < = 100 | 0.5 |
| >100 - 200 | 1.0 |
| >200 - 500 | 2.0 |
| >500 - 800 | 3.0 |
| >800 | 5.0 |
Case B
Bank : Alliance Bank
Product : Younique Credit Card
Marketing word:
up to 2% rebate monthly
Fact:[from a hidden webpage.... https://younique.alliancebank.com.my/faq.php?section=credit_card]
The cash back is credited monthly into the card account and calculated based on the table below.
| Alliance Rebates MasterCard | |||
| Monthly Spending Range (RM) | Rebate Factor | ||
| 0-500 | 0.50% | ||
| 501-1350 | 0.70% | ||
| 1351-2550 | 0.90% | ||
| 2551-5000 | 2.00% | ||
| Above 5000 | Nil |
I work out the Public Bank Esso promotion tiered rates... if one spent RM1,000 on petrol in ESSO, the card user can get RM26.50 cash back based on the tiered-rate.... effectively 2.65% for such a high amount spent.
ReplyDeleteIf you only spend RM300 on petrol... ha ha.. cash back is only 1.17% or RM3.50 effectively.
Anyone can prove my calculation wrong?