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citibank SMRT card + fairplus card for maximum grocery discount.(4.7% + 1.333%)
i think maybank family + fairplus card is also another combo.

(05-08-2012, 01:59 PM)cfa Wrote: [ -> ]

(05-08-2012, 12:01 PM)Temperament Wrote: [ -> ]i have read somewhere that merchants in America started to rebel or refuse to pay the 1% to 3% surcharged by the credit card banks whenever customers used credit card to pay.
So some credit-card banks shifted this "surcharge of 1% to 3% to credit card users.
i am not sure how prevalent is this practice in America now.
"The Land OF Financial Engineering"
Or maybe what i read isn't true.
Local practice by most Sim Lim's merchants is 2% to 3% discount if pay by cash. It's not you can not pay by credit card.

To tell the truth (though they are not suppose to do it) i had discount of up to 3% when i bought a "Rolex Watch" for my wife. It's a lot of 3% of money. Some merchants tell you there is no difference in pricing whether by cash or credit card. So which merchant will get your bacon?
i think the Watches's merchants must "trust" you first before they agreed to this pay by cash 3% discount.

This cash discount practice has been around for the past more than 30 years , especially in HK when you walk into a camera or watch shop. Not a secret at all.

But then who carry so much cash for buying a Rolex Watch or anything with so many credit cards carrying around? And did i imply i am sharing a secret? If i am, how to share a secret on line? No lah no secret at all; only in buying or selling it's up to you to think of how to transact at a "better" price.
And not all merchants in Singapore practise 3% discount for Rolex watch if you pay by cash. This i am quite sure. i had tried.

(05-08-2012, 06:11 PM)Temperament Wrote: [ -> ]

(05-08-2012, 01:59 PM)cfa Wrote: [ -> ]

(05-08-2012, 12:01 PM)Temperament Wrote: [ -> ]i have read somewhere that merchants in America started to rebel or refuse to pay the 1% to 3% surcharged by the credit card banks whenever customers used credit card to pay.
So some credit-card banks shifted this "surcharge of 1% to 3% to credit card users.
i am not sure how prevalent is this practice in America now.
"The Land OF Financial Engineering"
Or maybe what i read isn't true.
Local practice by most Sim Lim's merchants is 2% to 3% discount if pay by cash. It's not you can not pay by credit card.

To tell the truth (though they are not suppose to do it) i had discount of up to 3% when i bought a "Rolex Watch" for my wife. It's a lot of 3% of money. Some merchants tell you there is no difference in pricing whether by cash or credit card. So which merchant will get your bacon?
i think the Watches's merchants must "trust" you first before they agreed to this pay by cash 3% discount.

This cash discount practice has been around for the past more than 30 years , especially in HK when you walk into a camera or watch shop. Not a secret at all.

But then who carry so much cash for buying a Rolex Watch or anything with so many credit cards carrying around? And did i imply i am sharing a secret? If i am, how to share a secret on line? No lah no secret at all; only in buying or selling it's up to you to think of how to transact at a "better" price.
And not all merchants in Singapore practise 3% discount for Rolex watch if you pay by cash. This i am quite sure. i had tried.

Definitely not a secret. You don't carry so much cash that does not mean others also don't, because many others are businessmen or traders , and not normal wage earners.

(05-08-2012, 11:34 PM)cfa Wrote: [ -> ]

(05-08-2012, 06:11 PM)Temperament Wrote: [ -> ]

(05-08-2012, 01:59 PM)cfa Wrote: [ -> ]

(05-08-2012, 12:01 PM)Temperament Wrote: [ -> ]i have read somewhere that merchants in America started to rebel or refuse to pay the 1% to 3% surcharged by the credit card banks whenever customers used credit card to pay.
So some credit-card banks shifted this "surcharge of 1% to 3% to credit card users.
i am not sure how prevalent is this practice in America now.
"The Land OF Financial Engineering"
Or maybe what i read isn't true.
Local practice by most Sim Lim's merchants is 2% to 3% discount if pay by cash. It's not you can not pay by credit card.

To tell the truth (though they are not suppose to do it) i had discount of up to 3% when i bought a "Rolex Watch" for my wife. It's a lot of 3% of money. Some merchants tell you there is no difference in pricing whether by cash or credit card. So which merchant will get your bacon?
i think the Watches's merchants must "trust" you first before they agreed to this pay by cash 3% discount.

This cash discount practice has been around for the past more than 30 years , especially in HK when you walk into a camera or watch shop. Not a secret at all.

But then who carry so much cash for buying a Rolex Watch or anything with so many credit cards carrying around? And did i imply i am sharing a secret? If i am, how to share a secret on line? No lah no secret at all; only in buying or selling it's up to you to think of how to transact at a "better" price.
And not all merchants in Singapore practise 3% discount for Rolex watch if you pay by cash. This i am quite sure. i had tried.

Definitely not a secret. You don't carry so much cash that does not mean others also don't, because many others are businessmen or traders , and not normal wage earners.

Yes, you are right. Some people just love to pay by cash. It looks so much more important & impressive than just paying by a credit card. And yes! i have been a TAXI Driver and a Labourer too. (Though by name was a technician; exploitation of workers is quite common all over the world).
Ha! Ha
Serious, no jokes!
Anyway thanks for your opinion.
i am learning.
Adios Amigo!