Good things don't last - CIMB credit cards revision

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As usual, good things don't last.

First was BOC Family card, now it seems like the temporary-attractive CIMB cards are going the same way too...

Before Both CIMB Visa and Platinum requires min $600 spend and gives 10% rebate ($50 cashback per category, up to $100 cashback) on:

Visa SignatureDiningOnline spendGrocery PlatinumTravelHealth, Beauty & WellnessTransport & Petrol W.e.f 5 Jun 2019 Both CIMB Visa and Platinum requires min $800 spend and gives 10% rebate ($20 cashback per category, up to $100 cashback) on:

Visa SignatureDining (now reflected under Platinum)Online spendshopping ("This excludes all other online websites, not limited to movies, food & beverage, travel, airline, government, brokerages/securities, insurance, tuition and online gambling websites")...wth?GroceryBeauty & Wellness (new)Pets Shops and Veterinary Services (not applicable to me)CruisePlatinumTravel (only in foreign currency)...sianHealth, Beauty & Wellness and Medical ("…

I've hit $200k in cash savings, except...

Years ago when I entered the workforce, I set myself goals (you can refer to the left side of my blog), mainly financial ones.

I set to achieve $100k cash savings before 28.

And I met it at 25.

I shared my tips on how I achieved it here and they were really simple tips, mainly tweaks to your lifestyle (eg, dining at discounts). 

I then set out to achieve $200k by 28.

Earlier this year, I mentioned that I've crossed $150k savings and shared updated tips on how I helped myself. 

As 2018 draws to a close soon, I found out that I've hit $200k in cash savings. 

Except, I've just parked $6k+ to my CPF MA for tax relief, and it has now dropped to less than that. I've also parked $7k into my CPF SA some months back, so I would have hit $200k earlier. If I delve even deeper, I have also bought stocks amounting at ~$10k.

Yup, so I would have crossed the $200k mark even earlier. In any case, this is just a number game for me to keep track of my finances. I will probably hit $200k again in the next few months if I keep up with my "spend-less, save-more" strategy.

Definitely on track to hitting $200k before I welcome the 29 years old me!

I do know I'm quite cash heavy and I may propel myself even higher with heavier investing, but, in this volatile market, I'm not sure if I can stomach that much risk. Yup, I'm risk averse which I've said multiple times in my blog.

So, if I can hit $200k with simple tips, you probably can too.

Cheers :)




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