if I use a 5% cash rebate credit card to pay for a $100 purchase, a $5 cash rebate will be credited into my credit card account. Hi depends on the context. Investment 101. Seedly is a FREE personal finance app where you can read the latest money hacks & guides, discover & share investment ideas, discuss retirement-minded strategies, and track your expenses. Investments Stocks Investing Robo-Advisors Savings Insurance CPF Lifestyle Online Brokerages Retirement Career ETF In the News Syfe Credit Cards Income Tax Fresh Graduates Promo Codes Seedly Student Ambassadors StashAway Supplementary Retirement Scheme (SRS) You will still receive the physical credit card within 5-7 working days and you are required to activate your physical credit card before use. Applicable for first-time American Express Singapore Airlines Credit Card applicants only. 16% upfront discount which includes station onsite discount, petrol station loyalty programme discount and OCBC 365 Credit Card discount and Additional 5% rebate on nett fuel spend after discount (equivalent to 4.2% savings before discount), provided the Cardmember spends at least S$800 in total on an OCBC 365 Credit Card … Avoid taking too many loans within a short amount of time, Cancel inactive credit cards, or those you don't use regularly. As you may have seen during your search for high quality cannabis seeds, many seed banks don’t offer the possibility to buy weed seeds with a credit card.. Renovation. MileLion. Effective 1 July 2020, new applicants for the FRANK Credit Card can choose between 2 designs – Obsidian (FRK2020) and Vortex (PRF0002). A credit card may give a generous amount of cashback. If you fancy the idea of redeeming rewards in the form of vouchers for movies, shopping, dining, hotel stays and air miles, then these rewards credit cards may be something worth considering. Cheat sheet: What are the best cashback cards for working adults? To redeem offers, … You may use your new card for public transit. Annual Fee: This refers to a yearly fee charged for the convenience of having a credit card. 4. With these tips in mind, here's a round-up of the most popular types of credit cards in Singapore, sorted by category. More often than not, your credit card will come with additional charges. So: what credit card can you get with a poor credit score? )Bank of America Premium Reward Credit Card. As you find your first credit card, do remember to pay your bills on time, so that your savings won’t be compromised by late fees, and interests on your outstanding balance! I personally have the stanchart unlimited card and will be getting the amex true cashback the moment i have a s$5k expense (because you get 3% for the first s$5k spent in the first few months. The Credit Bureau of Singapore only tracks your borrowing history over a 12-month period - so you'll only need to maintain that to recover from a poor record. Best Credit Card for All Supermarket Chains. ... Top rated on Seedly… From 1 October 2020, a processing fee of 1% will be imposed for Great Eastern premiums charged under a 12-month instalment plan to your card. Master. Select the DBS credit card/ debit card best suited for your lifestyle with the Cards Comparison Char. Your borrowing history is compiled in something called a credit bureau report, and can be obtained from the Credit Bureau of Singapore for a fee of $6. To get a quick overview, take a look at the card’s monthly cashback cap, and the preconditions surrounding it! Seedly is a personal finance web app that lets you keep track of your money. A Digital Credit Card is a virtual version of a credit card which you can use after successful activation without the physical version of a credit card. Promotions. You can compare credit cards and choose up to 3 cards. Credit Cards. 3. Before delving into your comparison, it's important to first understand what getting a credit card entails, and the importance of maintaining a good credit score. This isn’t a credit card per se but a prepaid card that is integrated with RazerPay. Good for using with DBS multiplier account time clock in the..." 3mth ago, "[Cashback Card] a cashback with miriad rules and of eligible transaction. I managed to get..." 9mth ago, 1% rebate on monthly bill of $1000 and above, "[Useful For...] How to Choose Your First Credit Card. Of course, there is no point in getting a cashback credit card if it has a minimum spend that will result in you spending above your means. All Miles Credit Cards Comparison. SEEDLY COMMUNITY: SHARE & DISCUSS PERSONAL FINANCE STRATEGIES Seedly … Depending on which bank you get your card from, some cashback credit cards might not have a monthly minimum spend. Online payments. Property. Answered on 10 Mar 2020. Banks do offer a grace period of between 21 to 25 days, but ignoring this window is an expensive mistake you don't want to make. Level 6. Breaking down complicated financial pieces into idiot-proof articles. Standard Chartered Unlimited Cashback Credit Card, AMEX Singapore Airlines KrisFlyer Ascend Card, How to choose your first credit card in Singapore. Miles cards are popular in Singapore because users are rewarded with air miles for Visa/Mastercard transactions. Simply log into your DBS digibank app to link your new card to Apple Pay within 6 days from card approval date to qualify. Credit cards are not one and the same. All Credit Cards Comparison. Firstly, theres no minimum spend to use a credit card. Kathlyn Laiu, Community Associate at Seedly . Top up instantly with any Singapore credit or debit card and hold up to S$5,000 in a secure mobile wallet. Master. However, most banks use the terms interchangeably, as the main idea of getting cash back to offset your bills is still kind of the same. Credit card providers with instant approval can provide a digital credit card that you can start using even before your physical card arrives in the mail. SEEDLY COMMUNITY: SHARE & DISCUSS PERSONAL FINANCE STRATEGIES Seedly is Singapore’s largest personal finance community. If you are looking for a card that helps you save while you shop, a cashback credit card is for you as you will be able to benefit from it on a regular basis. Level 6. Do you have a cashback credit card in mind? If this help you first research and understand the benefit of each of this credit card before you make a decision in having a credit card to … Foreign Transaction Fee: Convenient as it may be to swipe your credit card while on holiday, we earlier mentioned the charges you'll be subject to - including the dynamic currency conversion rate, which will be charged at the point of your transaction. And then there're student credit cards, whose prerequisites are considerably lower: no minimum income requirement, no minimum spend, and far lower annual fees. Ask questions and get answers from the friendly Seedly Community! That's because a credit card's interest rates hovers at around 24% of the amount owed. In the News. These 2 designs are also applicable for card design … Disclaimer: While we are affiliated with ShopBack… we select and review products and services independently in line with our Seedly Code of Ethics. How to Apply for Credit Cards in Singapore? Visa Credit/Debit Card … Really fuss free..." 2mth ago. Income Tax. Still have more questions after reading the article? OCBC Cashflo Credit Card is an interest-free auto-instalment credit card that offers you up to S$100 in monthly rebates. If a Spree Credit Cardholder purchases a Covered Item online, pays for it in full, using the Spree Credit Card and within 14 calendar days of the date of purchase, finds the exact item being offered at a lower … There is no point in getting a cashback credit card that gives you a mere 1 to 2 per cent cashback. When choosing a credit card, it is important to ensure that you are able to hit the minimum spend, without chalking up a huge amount of expenses. If I decide to buy something else, I can ask the cashier to utilise the $5 cash rebate to offset my next purchase. Source: Razer Fintech However, there may be minimum spend to unlock certain benefits. It's easy to feel overwhelmed by the sheer amount of credit card options offered by banks - particularly if you're looking to get your first credit card. All Cashback Credit Cards Comparison. From benefits, points and air miles to cashback rewards, where should you even start? You can contribute your thoughts like Rachel Yeo. Or let our SmartExchange™ technology do it for you at prevailing rates as you spend. We will send … If you’re like me and don’t have a particular supermarket chain that you frequent. In such cases, it is then better to get something that is easy to use, so that you don’t have to worry about not optimising your credit card. Guide. If you do not have your Credit Card PIN, please call +65 6333 6666. Personal Finance 101. These could inevitably affect you in the long run, especially if you require a bank loan for your first HDB BTO, for example. Insurance. Compared to rewards cards and air miles cards, a cashback credit card is less complicated as well! Best Credit Cards for EZ Link. )Wells Fargo Propel American Express Card. There are some ways to improve a bad credit score, though. Using a personal finance management tracker (like - ahem - the Seedly app) or an Excel sheet could help you better identify where most of your money goes, so you'll be able to reap the full benefits of your card. This is especially the case if you've been using your credit card with fair regularity. - On POSB website, it states 'Get UP TO 15% cash rebates'. ... Jie Sheng, Seedly Student Ambassador 2020/21 at Seedly. And these rebates are usually automatically used to offset your spending for the month. 2. To access participating lounges, present your OCBC 90°N Card, or your digital lounge access code, together with your boarding pass and identify yourself as a LoungeKey member. If you've still got burning questions after reading real user reviews on the best credit cards in Singapore, head on over to the Seedly Q&A platform! The process is pretty simple. And if you plan on shopping overseas (or in an online store that's based outside of your home country) with your credit card, you'll need to factor in possible foreign currency conversion fees. If you are a fan of online market places such as Lazada and Shopee, they each launched their own promotion with various banks in Singapore too. Save money on your wedding banquet: Credit cards you should be using! For eg. Credit cards that are more difficult to get include the ones … Note: the various credit cards … Seedly is a FREE personal finance app where you can read the latest money hacks & guides, discover & share investment ideas, discuss retirement-minded strategies, and track your expenses. Seedly is Singapore’s largest personal finance community. Making credit card comparisons can be tricky if you have little idea of your own spending habits. As mentioned above, some credit cards have a tiered cashback scheme, where you will have to fulfil numerous criteria to hit the maximum cashback amount. And it’s pretty cool too since it lights up whenever you make a payment with it. Before narrowing in on credit card user reviews, first consider the following: Unless you're getting a student credit card, it's highly likely you'll be required to meet a minimum salary requirement prior to having your credit card application approved. We are powered by the collective wisdom and diversity of experience of … Here are some of the best miles cards offered: With a cashback card, you'll be rewarded for spending on dining, groceries, online shopping, hotel stays and entertainment - plus everything in-between. So take heed! Late Fee: Yep, we're again reiterating this. Answered on 04 Oct 2020. So if you plan to clock your recurring bills under eligible spending, make sure you check if it qualifies under the card that you’re charging to. The fares will be charged directly to your credit card upon usage. Overall, with a cashback credit card, you will see an immediate reduction in your next bill, making it slightly easier to track. Best Miles Credit Cards. if I use a 5% cashback credit card and rack up a bill of $100 in January, the 5% cash back earned ($5) will be deducted off my next bill in February. If you’re in a similar situation, then here’s a quick introduction into the world of cashback credit cards, and how to choose the best cashback credit card! This is subjected to the different pre-conditions set up by the banks. AMEX has more attractive merchant promotions, but this is subjective. How to Apply for Credit Cards in Singapore? If you’re in a similar situation, then here’s a quick introduction into the world of cashback credit cards, and how to choose the best cashback credit card! All Personal Accident Insurance Comparison, "[Promotions and Perks] Most banks typically offer an annual fee waiver, so long as you make the request by calling in. The process is pretty simple. 5,000 KrisFlyer miles the very first time you charge to your Card. In contrast, cash rebates may be a little hard to keep track of and are best used once you have accumulated a decent amount. Some reward users for online spend - or, conversely, local spend on everyday necessities. Fret not, ask our community here! (EIR from 6.95% … Worse..." 2w ago, "[Useful For...] You'll also have to pay your bills within the stipulated timeframe on your statement, or face late payment charges - including increased interest rates on the owed sum. Balance Transfer Fee: A balance transfer is what happens when you transfer your credit card debt to another card issued by a different bank. Seedly. Find Out More Win Back 6 Months* Of Credit Card Bills & S$1,000* Cash Credit … Whatever cash rebate you receive is stored in your credit card account until you choose to use it to offset a future purchase. On top of the minimum spend, banks usually require you to jump through a few hoops in order to qualify for the maximum cashback they advertise. 1. 6. That usually amounts to only a few dollars each month. Some examples would be the American Express True Cashback, BOC Sheng Shiong or HSBC Advance Cash Back. Promotions. Standard Chartered Unlimited Cashback Credit Card. Multi-currency cards are filling this void, though, by allowing overseas transactions to be made at no extra cost. testing. ULTIMATE GUIDES. 80k views. But did you know certain credit cards can in fact help you save money? If you do not have your Credit Card PIN, please call +65 6333 6666. In such cases, you are better off using cashback apps such as ShopBack where you can get 1 to 10 per cent cashback from different merchants, simply by linking up your favourite credit card! Visa Credit/Debit Card monthly, On his first S$50,000, he earns interest at 0.40% per year; On his next S$10,000, he earns interest at 0.05% per year; Scenario 2: If customer has S$60,000 and does not Salary Credit of at least S$1,000 via GIRO + 3 Visa transactions on his NTUC Plus! HDB Resale. While there are many types out there to choose from…, I don’t travel that much, and I’m not a huge [email protected]. An example of a tiered cashback card is the UOB One (up to 5% rebate). The mileage you claim is pegged to the amount you spend, and we've already done the math for you here in this Guide to the Best Miles Cards. , there may be minimum spend rebate you receive is stored in your credit card.. 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