Unlimited Cashback Credit Card
Benefits: 1.5% cashback on all spend, All-in-one card, S$100 cashback or S$150 in Prime Now Credits, Up to 50% off a la carte dining, Fund transfers, EasyPay.
American Express CapitaCard
Benefits: S$60 CapitaVouchers, American Tourister Erie 67/24 luggage worth S$200, Complimentary parking across CapitaLand Malls, STAR$® Xtra Programme.
Spree Credit Card
Benefits: 3% cashback on all online spend in foreign currency, 2% cashback on all online spend in local currency, Online Shopping Protection, Fund transfers, EasyPay.
American Express Platinum Credit Card
Benefits: Up to 50% off food bill at hotels, Vouchers from spas, Membership Rewards points, Frequent Flyer Miles, 90-days return guarantee and purchase protection.
American Express True Cashback Card
Benefits: Up to S$60 CapitaVouchers, S$150 Cashback on S$5,000 in the first 6 months, 1.5% Cashback on subsequent purchases, free travel insurance benefits.
Credit cards allow you to borrow money up to a certain limit as long as you make regular minimum repayments. Most credit cards have an annual fee.
To get a credit card you simply must fill our the application form on credit card issuer's website and wait for approval. Once your application is approved you will receive a line of credit. Afterwards you will receive your credit card in the mail and will have to activate it and sign the back of the credit card. You can use your credit card to make purchases in store or online as well as you can pay your bills.
Sometimes while making a purchase your credit card can be declined, below you can see some of the most common reasons:
Assuming that your credit card doesn't get declined and you can make all the purchases you want, do not forget that you will have to repay the borrowed amount. Every month institution that issued your credit card will send you a bill. In the bill you will be able to see what purchases you have made and your balance due and the minimum amount, usually 3% of the outstanding amount that has to be paid.
If you make only the minimum repayment on your credit card each month, you will pay more in interest and it will take longer to pay off your balance. Your monthly statement must give you information about how long it will take to pay off the entire balance by making minimum repayments.
Credit cards tend to have higher interest rates than other forms of credit, and the rate can vary depending on what features the card offers. You are charged interest on all outstanding transactions if you don't pay your full balance each month.
If you have a credit card without an interest-free period, you pay interest either from the day you make a purchase or from the day your monthly statement is issued.
Unless you use a card that is interest-free and fee-free, buying items with a credit card will always cost you more than if you pay with cash.
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