Sunday, May 4, 2008

Someone Failed Maths? - Citibank Beijing 2008 Olympic Games



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Hi anyone participate in the above contest? Well I did! Anyway I am not the lucky one that ever win any prize in lucky draw or such competition.... but my main objective is to get the double cash rebate for participating! If you are using Citibank Shell card, your petrol rebate will be double of the normal rebate. For me, I'm using classic Shell card which my rebate during the promotion is 3% instead of the normal 1.5%..... I think its a decent deal. Imagine for every RM100 of petrol that you use, you get additional RM1.50 rebate. On top of that any other purchases you will also enjoy double rebate! Till end of May! AND, all transaction ( RM8 and above in a single receipt ) will be automatic entitled for the contest to go watch Olympic in Beijing!
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So what the story this time? Read the fine lines:-

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“Points/Double Rebate shall be awarded to the Participants within 6 to 8 weeks from the end of each month throughout the Promotion Period”
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Well...well..... I wouldn't say that its a catch since its spelled out clearly in the term and condition.... just that I think its a bit slow to take 6 to 8 weeks time to do the maths.... what happened? someone failed maths?

Saturday, May 3, 2008

Cheap sale cheap sale! $5 for 1, buy 3 is only $15.99 !!!! ???

Sometimes I'm really confused with the pricing strategy by some retailers.... often i found products on sale in hypermarket which is actually more expensive if you buy the "promotion pack" which is infact the bigger pack. Example I found this promotion stuff selling at $15.99 for a pack of 3 ... while the non promotion single pack is only $5 !! ??? Someone failed maths?

Lets so some testing, below is a promotion of balance transfer by public bank. Assuming upfront fees is only main concern. We have NO concern about time, cash flow and minimum transfer amount. Based on below's package, which one would you choose?
If you need more informatin to make decision... visit :-


I'll discuss with you the answer in the next few days.... prepare with your answer and calculation. ;)