I use the eCosway Alliance Bank credit card. Why?
The rebate is really high, can get 2-10% rebate from the amount I spent.
To get 1 point (they call it 1 CVP), I need to charge RM100 to the credit card. The CVP point is used to bid for items at CVP auction at www.ecosway.com
Recently, I bidded a RM60 Nando’s cash voucher with 10 CVP ( equals to RM1000 charged to the credit card).
RM60/RM1000= 0.06. That is 6% rebate.
Wow! I only need to spend RM1000 using the credit card, and get RM60 Nando’s cash voucher free!
The only disadvantage is that the auction is only available 4 times a year. (every quarterly)
The application for ecosway member costs one time fees of RM100 only. No need to renew. Currently Alliance bank is giving the card free for 3 years.
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In the last auction, there are some people who manage to bid a RM50 McD vouchers using only 3 CVPs (RM300 spending).
RM50/RM300 = 0.166. That is 16% rebate!