My OCBC Cashflo & $500 Robinson Voucher Giveaway

I've never been a fan of CreditCards because I don't like the feeling of buying stuff I cannot afford and accumulating years of interest and debt. However, recently, I found OCBC Cashflo Card which helps me automatically manage my cash flow.

It has an in-Built Installment Payment Tool and I can pay installments from anywhere - at home or abroad. It automatically stretches my payments over 3 or 6 months with zero interest.

Here's an example of how it has worked for me:


Let's say hypothetically - my fiance and I have a monthly disposable household income of $5000 per month. I set the Trigger Amount on the OCBC Cashflo Card at $1000. (Meaning, everytime a purchase is more than $1k, it automatically gets broken down into 3 or 6 monthly installments for us to pay back, interest free).

The latest big purchase for our new home was a new 3D Smart Tv from Samsung which cost $3K ( actually, $2999, but I'll round up to 3K for easier calculation). We bought this from a participating merchant.

If we had used a normal credit card, we would have to pay $3000 in full at the end of the month in order to avoid getting charged interest. That would leave us with $2000 ($5000 minus $3000) to run the household, for daily expenditure, transport and savings.

Fortunately, because we used the OCBC Cashflo Card to pay for this purchase, the $3000 was automatically split into 6 payments (over 6 months). So we only pay $500 a month, interest free.

That leaves us a much more comfortable amount of $4500 ready cash in our pockets every month.

If supposing we had purchased the TV from a merchant that is not one of the participating merchants, then the installments would be split over 3 months instead. That would mean we have $4000 cash remaining in our pockets each month after the installment of $1000 each month. Still manageable and best of all, interest free!

It's very overwhelming, having to spend on so many things at one time - the wedding (food, hotel, photographer, invites, alcohol, dress, kilt, flowers, cake, etc!!), the new apartment, renovations, new furniture and travel. Imagine once you start having kids!

The OCBC Cashflo Card frees up our cash flow, so we can pay for all these things we need right now for the wedding and new home, and still have money for other investments and savings.

How does it compare to other Credit Cards? You still get rebates and privileges, but you also get the Auto-Trigger Installment and it's 0% installment from anywhere... which most normal credit cards do not offer.

At the moment, with regular cards, most installment plans do not give any cash rebates, so it's either cash flow or rebates. With the OCBC Cashflo Card, you don't have to choose, because customers get up to 1% cash rebate while still being able to enjoy cash flow!

With my upcomming wedding. I've got a idea for a mini-contest giveaway! 
The prize is 5 x $100 departmental store vouchers from a partnering merchant - Robinsons Department Store.

QN: How would you use the OCBC Cashflo Card to finance a wedding? (If you are already married or not getting married, you can still take part! Just imagine if you were me, how would you use the OCBC Cashflo card for an upcoming wedding?)

Contest starts today, and ends on 18th October. You can submit more than 1 original answer but leave your email address at the end of each answer so I can contact the winners. Submit your answers in the comments section of this post. 

The top 5 most interesting answers will win $100 Robinson Gift Vouchers each :) 

p/s- Comments/your answers will not be visible until the contest ends.. so no one can copy your answer (lol).