Here's how I save on online services
Save up to 20% each month.
How do you pay for your online services? Here's one trick I use to save up to 20% each month.
In a nutshell: I pay annually for the discount. But get my credit card to bill me monthly instead.
Credit card magic
Many online services offer discounts of up to 20% for paying for a year. You know that. But paying a hefty up-front fee can be daunting.
Somewhere around 2020, I came across a service by DBS Bank that lets me split payments of more than SG$100 across 3, 6, 12 or 24 months. For free*.
I promptly switched my Nest plan to annual payment - and split it to be paid over 12 months. Today I use this strategy for a handful of other online services.
Other banks in Singapore appear to offer similar schemes.
*There is an admin fee now, though I still save.
Depends on your preference
Of course, your mileage will vary. This worked for me because:
- I have online services I know I'll keep using.
- I want to track the monthly cost of these services.
- I go through my credit card bill line by line.
What about yourself? Do you have any tips on how to reduce your online services bill?