Comparing Singapore Credit Card Offers
Choosing the right credit card offer is always a superlative option. There is no real right or wrong and it completely depends on your individual financial and personal goals. The Singapore market is flooded with offers and it can be easy to get tempted into the wrong deal. Here are some ways to compare credit cards and make an informed decision.
Interest rate / Credit Card APR:
< 00004000 P>Interest rates should be the focal point when you compare cards. The higher the interest rate, the more you will end up paying if you make partial payments. Partial payments refer to when you pay less than the full amount stated against the outstanding amount in the monthly statement. When you pay lesser than the total outstanding, you accumulate interest, which can take away from your savings substantially. There are many 0% interest offers, which you can leverage these days. These 0% offers are promotional and only last a certain duration. Be careful however, because once the promotional period ends, the interest rate shoots up dramatically. Ir is important to check different credit card offers and read the fine print on the introductory interest rates offered.
Annual fees: Most Singapore card issuers have stopped charging annual fees. Thus, most credit card offers will state zero annual fee or no fees etc. This can be misleading at times because in many cases the zero annual fee is only for 3-4 years. After this period, a fee is charged.
Comparing Singapore Credit Card Offers
Balance transfer fees: Balance transfer is a process by which you transfer outstanding balances from a higher rate card to a more competitive lower rate card, to save money. However, every balance transfer is accompanied with a balance transfer fee. There are several credit card offers, which do not charge a balance transfer fee and you can take advantage of such offers to maximize savings.
Late fees: These are fees applicable when you make the payment after the due date on the credit card. You can check on the amount of late fees charged by reading the offer documents when you compare credit cards.
Balance transfer and Annual Purchase rates:
Comparing Singapore Credit Card Offers
The balance transfer rate is the interest charged when you do a balance transfer. It is different from the balance transfer fee. The annual purchase rate, also called APR is the interest rate charged on purchases made on the card. When you compare credit cards, you may find companies stating a 0% APR for 3 or 6 months. This means, any purchases made within 3 or 6 months using the card, will have no interest on the purchases. After this promotional period, the interest rate goes back to the default rate.
Rewards and rebates:
It is also important to see the kind of rebate and rewards programs offered when you compare credit cards. The credit card market in Singapore has become very competitive and so many companies have started introducing attractive rebate and rewards programs. Make sure to leverage these credit card offers to get the most from your savings!
Why has my bank not gotten back to me about my credit card?
I mailed in an application to get a TD credit card, and I haven’t heard from them for almost a month. Did their approval/denial letter get lost in the mail?
I lost my personal information today, please help me!!?
Today, I went to the university’s lab and applied the TD Canada Trust visa card.
I filled in the application and have a copy of that in my USB flash driver in case I forgot something.
I forgot my usb driver in the lab when I left. The USB driver also included the scan copy of my passport.
The application included following information
1. My full name
2. My address( included previous address)
3.My data birth
4.My work place and income
What am I done are
1.Called bank (they said they won’t go through my account because they do not have card number)
2. Called Rogers(I put Pin number for security reason, when I called them, they will verify my pin first), and I told them never create new accounts under my account.
3. Called Equifax and Transunion, bought their monthly reports to see what’s going on.
What can I expect right now?
1. are they suppose to apply many new credit card under my name?
2. are they have any other things to do on me (using my passport copy?)
3. I knew there is a lost or stolen report I can put on the Transunion and equifax, but I am afraid of I can not apply any new credit so far, because there is 6 years notation will left on my report.
You lost the application and that doesn’t have your card number because you haven’t received your card. I would cancel that card and apply to another credit card company and then you don’t have to worry about that. I don’t know what Rodgers is. . .I assume your bank. I’ve not seen that banks here verify any security code when opening new account.
The only problem I see is that cards can be issued in your name, different accounts of all types can be opened in your name. Hopefully your social security was not included. . .oops you’re in Canada. I really don’t know how that works there.
I just always feel better by closing and/or moving my accounts. I would check and keep checking Equifax and the other for some time. Could be someone just threw them away and could be you are in big trouble. It usually depends on whether your information gets sold to those that know how to use it. Good luck.
If you were approved, chances are something will come in the mail within 30 days, if denied, you get a letter normally within 2 weeks. If it is with your bank, you should contact them.
Will my credit card get approved?
I am a post-secondary student. I live with my parents so don’t really have to pay rent/utilities bills (well, I do give them money but I put zero rent/monthly expenses on my credit card application since I thought it would make it easier for the bank to approve it). I have no credit history (that I know of). I do have alot of student loans. I worked as an intern and will make ~$26,000 this year. I requested a student card from TD, with a credit limit of $1,500. My mom and I have had a joint account with TD for years now, would this help the chances of approval?
Also, I heard if alot of institutions check my credit score it could drop if I don’t get them to check it within a 2 week time frame. So should I apply for a bunch of credit cards all at once (so the banks check my score at roughly the same time) just in case I don’t get approved for this one? From what I read, it will take until the beginning of August before I find out if it’s been approved.
Thank you for your help.
TD Bank declined me from getting their Visa card. I have perfect credit!!?
2 days ago i applied to td bank’s visa platinum card. i have perfect credit. My primary bank is HSBC Premier and I have a credit card with them for almost a year. I opened up my account at the same time I applied for an hsbc master card (which I currently posses). I have paid all my bills on time and have plenty of money to spare. Why would TD reject my application!? I have $1 in my TD bank account but much much more in my HSBC accounts. Can someone please provide me with a reson and also an alternative card I can use that doesnt charge annual fees? I need to get this done before obamas law takes affect since he wants to make it harder for those under 21 to get a credit card.
FYI I ran a credit report on myself and so absolutely no issues. Also, my household has perfect credit too if that makes a difference.
thanks
Your long term relationship with TD will help with a possible approval! Because you have no credit history – the bank will take ea long look at your total debt service ratio which can not be more then 40% of your income:
EXAMPLE: you make $26,000/yr divided by 12 months = $2166 a month (40% of that: $866)
All of your debt payments, rent/utilities etc) can not be more then the 40%
DO NOT GO FROM BANK TO BANK TO BANK looking for approval; they will all show on your credit report and it will look like you are credit seeking – not helpful in trying to get credit, and will lower your credit score!
If you have shown any sort of savings habits – that will also help! I am surprised that it will take you so long to find out if you are approved – as a bank manager I know we would know within days!