HOW IT DIFFERS FROM THE yuu VISA
- Charge+ pays NO BONUS on this card. Clause 7's merchant table: "Applicable
  to Bonus Rewards: Points will not be awarded for any transactions made with
  DBS yuu American Express Card." Scoped to Bonus Rewards, so clause 6's base
  still pays — 1 yuu Point per S$1, the yuu-merchant rate, not the 0.5 that
  non-yuu spend gets.
- 7-Eleven does not accept American Express, so it is not in this card's
  merchant list at all and cannot be one of the four. NOT a terms exclusion —
  a fact about the payment network, sourced from MileLion rather than DBS.
- Four of NINE brands, therefore, where the Visa has four of ten. The gate is
  materially harder on this card and the plan should say so.
- Some Singtel kiosks, the Cold Storage app and Guardian's app also decline
  American Express. Not modelled: acceptance varies by location and there is
  no descriptor to match on, and a purchase that cannot be made generates no
  transaction to score.
- Amex Offers (Shop Small and similar) are worth real money on this card and
  nothing here models them.
- The FCY fee is 3.25%, the same as the Visa, per MileLion's June 2026
  review. An older MileLion piece says 3% for the Amex; the newer figure is
  used and this is the one number here worth re-checking with DBS.

HOW IT EARNS
- All-or-nothing monthly. S$800 of spend AND four different participating
  merchants lifts yuu-merchant spend from 5% to 18%.
- 28,800 bonus points a month, SHARED across all four bonus tiers via
  `cap_group: yuu`. The allowance is counted in bonus milli-units, not spend,
  so every capped month lands on 28,800.00 exactly.
- THE CAP IS PER CARD. A holder of both the Visa and this one has 28,800 on
  each, which is why the two are separate products: modelled as one, the
  selector could never recommend holding both, and MileLion calls that the
  preferred play for a big spender — 2 x S$822.86 of bonus spend a month.
- Everything else 0.5%.

WATCH OUT
- A small purchase at a fourth merchant late in the month can be worth far
  more than its own value. A headline rate cannot express that.
- Clause 9f excludes forty MCCs, twenty of them only "w.e.f. 1 May 2026" —
  DBS widened the list inside the existing document rather than reissuing it.
- Clause 9f matches on MCC and DBS prints none, so exclusions depend on the
  merchant table inferring one at high confidence. An unrecognised merchant
  in an excluded category still earns: overstates rather than invents a
  penalty, but it is a gap.
- Participating merchants are matched on description patterns. A merchant
  that renames itself silently drops to the base rate.

NOT MODELLED
- Whether "yuu Merchant Spend" and "Participating Merchants" are the same
  list. Assumed identical.
- yuu Point expiry.
- Appendix 1's product-level exclusions inside participating merchants
  (services at Giant, tobacco, and so on).

EVIDENCE
- The yuu app posts each month's bonus separately. All twelve months tie
  exactly. Three are load-bearing: Apr Visa 6,091.23 is 667.24x9 + 9.06x9.5,
  which no single base rate can produce; Mar Visa 26,960.84 is an uncapped
  month to the cent; Jan/Feb/May Visa are 28,800.00, the ceiling.