Most people think of savings in the traditional way where you keep the leftover of what you have in your bank accounts after spending.
But what if I tell you that you could actually save even when you’re spending.
Back in the 1950s, Diners club founder Frank Mcnamara first introduced a novel method of paying for purchases to merchants and you only have to pay back a couple of weeks later. He called it “deferred payments”, which literally in today’s world known as credit cards.
The idea of credit cards is no longer a stranger to us.
At first, the attraction comes from the idea that consumers can get to enjoy something first but pay the actual costs later when the amount is due.
Sooner or later, the market becomes more saturated with competitions once everyone is offering the same perks so there are no differentiations.
Today, there are increasing new number of product launch that entice people to sign up for their credit cards. These includes rewards in the form of cashback, points, miles so that consumers can “save” whenever they are spending on merchants.
Now, I am personally a fan of miles rewards myself because of my passion to travel.
Heck, I even created a traveling blog a few years ago to journal my past travels and findings which I find it pretty interesting to share with.
As a milers myself, I found the three best cards suitable for my current spending patterns are the CitiPremier Miles, DBS Altitudes and Amex Krisflyer.
If you’d like to apply for the cards, you can click on the link I’ve provided below to enjoy more benefits when signing up. Do take note of the terms and conditions which might change before applying.
Now, the problem with having 2 or more cards in my wallet is that whenever I purchase something in a shop or shopping for groceries or dining in a restaurant is that I do not know which cards I should use in order to maximize my rewards.
I do not have the luxury of time nor the patience to check which cards are able to give me more miles in which particular settings so I usually go for cards that are right in front of the stacks (yeah I know my cards are stacked up in my wallet one after another) and this doesn’t usually gives me the best option.
For instance, Amex Krisflyer card is currently running a promotion where you can get up to 3.3 Krisflyer miles on per dollar spent for SP Utilities.
I’m not the type that usually track on these kind of activities because it is so time consuming to track on each and every promotions there are out there with merchants and credit cards.
What Is WhatCard?
Just when I thought there’s no way I could hack and maximize my rewards, here comes WhatCard to save all of us lazy folks.
WhatCard is essentially a search engine to help do a quick search on a merchant to get the best rewards out from the credit cards that you have.
All you need to do is key in the merchant’s name on top of their search bar and the site will immediately tell you which cards you should use to optimize your rewards.
For instance, if you search Singapore Airlines as the merchant, the site will tell you that UOB Lady’s card and DBS Woman’s World will yield the best rewards in terms of miles.
In my case, I do not have both of these cards so I will have to choose between the three cards that I currently have.
Amongst the three cards I have, it seems that Amex Krisflyer yields the best reward so I will proceed to use them instead of my other two cards.
The website is currently in the infant stage but I can already see them growing with the number of merchants and users that are registered in their site.
I have also personally chatted on the phone with one of the co-founders to understand their motivations behind creating the website and I think it is impressive that these people are helping to create a solution for a problem of what I used to have in the past.
The website also has a community chat forum where you can engage with think-alike card holders and to share your ideas on how you think they can improve the site and make it better.
If you are into all this, I’d recommend that you try to go to their website and have a feel of how it might work for you.
Thanks for reading.
If you like our articles, you may follow our Facebook Page here