Monday, February 25th, 2008

Which Card Is Better For CPA Marketing?

Not long ago, Paul from UberAffiliate.com recommended using the Plum Card from American Express that allows you to have a special 2% cash back on all business transaction. This means that you are actually already making money even if you break even on your campaigns. So the more you spend, the more you actually earned!

What if you are based in Singapore? The Plum Card is only offered in USA and not in Singapore. So what card is the best card for CPA Marketing?

In Singapore, we are exposed to exchange rate loses and from my calculation, for every US$1000 that you spend on your credit card, you are actually losing about SGD$30 on exchange rate lost and this results in a even smaller profit margin for you and if you are just breaking even, you are actually losing money. There is actually no credit card available online that can charge you in USD so that you can pay in USD and avoid the exchange rate lost.

However, Standard Chartered Bank has this plan that allows you to open up a USD account and issue you with a Debit Card that allows you to do all your transaction in USD. This way, you wont lose out on the exchange rate. But but but, you must first qualify to be in their priority banking category which means you must have at least SGD$100,000 deposited with them. You can check out more of this card here.

http://www.standardchartered.com.sg/cb/pb/usd_high.html

However, if you do not have SGD$100,000 like me, ha then you can opt for a cheaper option which is the CitiBank Divided Platinum card which offers cashback of up to 5% for some transactions but for business transactions, the cash back is only 0.5%. But hey, this is better then nothing. Meaning for every US$1000 that you spend, you actually get back SGD$7.05 and reduce your exchange rate lost to SGD$23.

Check out the CitiBank Dividend Card here

That’s about all that i have researched so far, if there are some other cards that gives you a better offer, please let me know by giving your comments so that we all can benefit and cut our exchange rate lost. :)

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Category: Freebies
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6 comments on “Which Card Is Better For CPA Marketing?

  1. hey
    maybe there is another option
    ¿where is your contact form?

  2. Ivan Ong on said:

    Hey Simon,

    what do you mean by where is my contact form?

    and what other options do you have? let’s share so that we all can benefit from it!

  3. Thomas Ukm on said:

    Hey Ivan,

    There is really not much choices we have here in Singapore..You can either get the rewards or cash back cards.

    For me, i think the rewards cards make more sense, since the cash back is very little.

    Thomas

  4. Ivan Ong on said:

    yeah i suppose so Thomas..

    use the money spend to collect all the reward points to change some nice stuff for yourself.

    At the rate we Internet Marketer are spending, can accumulate very quickly.

  5. Hey Ivan
    a contact form like this one :)

    http://www.cpa-affiliates.com/contact/

  6. Ivan Ong on said:

    hey Simon.. its done and working now.. can contact me anytime anywhere… ha thanks for reminding..

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