Credit/Debit cards

[Miss Piggy]

having 2 credit card..... citibank and maybank...

[daojeff]

have how many cards also nvm 1... but like what flykite say, use what you can afford... if not prepare to face the music...

[daojeff]

just remember not to withdraw money from ATM machine... the interest is just like loan sharks... 24%... lol...

[Aie]

just remember not to withdraw money from ATM machine... the interest is just like loan sharks... 24%... lol...

You don't know meh? Banks are the legal 'loansharks'...

[who_noe]

You don't know meh? Banks are the legal 'loansharks'...

 

 

true true...my friend still owe 4-5 banks over 30k now slowly paying back...

 

strange thing is those call centre still calling him ask him wan to apply new cards

[daojeff]

i know mah... just advising Nicholai mah... everything also use swipe... dun withdraw...

[daojeff]

 

true true...my friend still owe 4-5 banks over 30k now slowly paying back...

 

strange thing is those call centre still calling him ask him wan to apply new cards

they want your friend to die faster??? so evil sia the banks...

[who_noe]

they want your friend to die faster??? so evil sia the banks...

 

aiya...think the call centre only wan to hit their sales target nia...approve onot if not their business liao

[ZzGaNgStErzZ]

cos damn sucker leh...i fall between 20k-30k(less than 30k actually) range

sometime need to use it to pay for installment mah

but debit got $$$ oso no use

cos cannot pay by installment using debit...

sometime is not dun have $$$ to pay but is just like dat lo

 

mayb can try those HARVEY NORMAN credit cards? my fren doesnt earn tat much but he hab a HARVEY NORMAN credit card.

[Raptor]

In USA... most of the banks don't want to issue you credit cards if you do not have a credit history.

 

Meaning... if you have never bought anything in USA on credit before... you are a risk to them. Their concept is... the more you owe and can pay off monthly... the better is your credit rating.

 

You can put USD$20,000 in a bank account and ask for a credit card with a USD$5,000 limit...they won't entertain you if you have no credit history. Singapore history no count...even if you show them you have a Singapore card with a USD$17,000 spending limit, they still don't care coz its not from the USA.

 

To be able to own credit card in USA.. you must first prove to them that you owe alot of money everywhere.

 

Thats why you see alot of Americans carry many credit cards...no need to be impressed... they actually very broke due to outstanding debts.

[ZzGaNgStErzZ]

In USA... most of the banks don't want to issue you credit cards if you do not have a credit history.

 

Meaning... if you have never bought anything in USA on credit before... you are a risk to them. Their concept is... the more you owe and can pay off monthly... the better is your credit rating.

 

You can put USD$20,000 in a bank account and ask for a credit card with a USD$5,000 limit...they won't entertain you if you have no credit history. Singapore history no count...even if you show them you have a Singapore card with a USD$17,000 spending limit, they still don't care coz its not from the USA.

 

To be able to own credit card in USA.. you must first prove to them that you owe alot of money everywhere.

 

Thats why you see alot of Americans carry many credit cards...no need to be impressed... they actually very broke due to outstanding debts.

 

wierd.

[Gerald]

Here's my experience with credit cards... when i started out working (in the 90s'), i was only earning $1300 per month. Like some of you out there, i am not eligible for a credit card. My immediate aim then was to earn enough to get a credit card ($2500). TO me, it was like a status symbol. Something to proved that "I made it!". Then when I earned enough to get a normal credit card, I wanted to hit a citibank gold card. ($45k per annum). I worked hard... and I got it. Then I wanted to be eligible for a platinum card... worked my way up and hey! I earned enough to get a platinum card!... BAck then, the rules were stricter, there were strict and clear income requirements between normal, gold and platinum card. I even purposely display my cards in the most prominent in my wallet. But later I realized that this was just a front to boost my ego. I've grown past that stage now. My cards are hidden inside my wallet and cannot be seen unless i pull it out.

Now, any body can apply for a platinum card. Its nothing more than a gimmick to me. It has lost that status symbol.

Needless to say, back then, I happily used up my credit limit and end up paying interests only. The "extra" cash comes in handy and you see yourself buying things that you dont need before. I was earning good money but I was also paying good money (interest) to the bank too! I am debt free now and I only use my credit card when I am buying expensive things (to get the points) or for some BIG discounts or when I am overseas and I got no local curreny to use.

So to those of you out there trying to get a credit card, take it from me. These "extra" spending power are not real. Use it only if you have the ability to pay back the next month. But it does comes in very handy especially when you are overseas or buying things over the net.

[Gerald]

Here's my experience with credit cards... when i started out working (in the 90s'), i was only earning $1300 per month. Like some of you out there, i am not eligible for a credit card. My immediate aim then was to earn enough to get a credit card ($2500). TO me, it was like a status symbol. Something to proved that "I made it!". Then when I earned enough to get a normal credit card, I wanted to hit a citibank gold card. ($45k per annum). I worked hard... and I got it. Then I wanted to be eligible for a platinum card... worked my way up and hey! I earned enough to get a platinum card!... BAck then, the rules were stricter, there were strict and clear income requirements between normal, gold and platinum card. I even purposely display my cards in the most prominent in my wallet. But later I realized that this was just a front to boost my ego. I've grown past that stage now. My cards are hidden inside my wallet and cannot be seen unless i pull it out.

 

 

Now, any body can apply for a platinum card. Its nothing more than a gimmick to me. It has lost that status symbol.

 

 

Needless to say, back then, I happily used up my credit limit and end up paying interests only. The "extra" cash comes in handy and you see yourself buying things that you dont need before. I was earning good money but I was also paying good money (interest) to the bank too! I am debt free now and I only use my credit card when I am buying expensive things (to get the points) or for some BIG discounts or when I am overseas and I got no local curreny to use.

 

 

So to those of you out there trying to get a credit card, take it from me. These "extra" spending power are not real. Use it only if you have the ability to pay back the next month. But it does comes in very handy especially when you are overseas or buying things over the net.

[Raptor]

wierd.

 

There is reason in madness and madness in reason.

 

The banks here look at it from another angle.. you owe alot everywhere means you got spending power. You don't owe...means you got no spending power AKA no money.

 

Majority of the Americans owe money somewhere. You can buy a new car for USD$100 downpayment and pay a 15 year instalment at USD$100 a month. By the way... here got no COE or ten year limit on life of cars.

 

Everybody or anybody can drive the latest sportscar if they wanted to... just owe money for years lor.

[Gerald]

There is reason in madness and madness in reason.

 

The banks here look at it from another angle.. you owe alot everywhere means you got spending power. You don't owe...means you got no spending power AKA no money.

 

Majority of the Americans owe money somewhere. You can buy a new car for USD$100 downpayment and pay a 15 year instalment at USD$100 a month. By the way... here got no COE or ten year limit on life of cars.

 

Everybody or anybody can drive the latest sportscar if they wanted to... just owe money for years lor.

 

Thats right, when i was in the states, even those poor people got a credit card. Every Tom **** Harry got a credit card. I am concerned that Singapore is going to lower the income requirement of credit card. A lot of people (esp the younger ones) will end up in debts that can take years to clear or they go bankrupt (whichever comes first). Ha HA..

[Wildswans]

Speaking of credit cards, I'm thinking of getting one for my overseas trips and internet transactions. Any advise?

 

Try getting one from citibank.... think their service better

[Wildswans]

 

true true...my friend still owe 4-5 banks over 30k now slowly paying back...

 

strange thing is those call centre still calling him ask him wan to apply new cards

 

Cos the bank is earning money from him mah.....

 

Plus give you extra card doesn't mean extra credit

[Wildswans]

Ask your friend if he has credit lines.... transfer the outstanding to the credit lines....

 

The interest for credit lines tend to be lower.... plus they tend to have some perks for transfer

[Yongster]

Here's my experience with credit cards... when i started out working (in the 90s'), i was only earning $1300 per month. Like some of you out there, i am not eligible for a credit card. My immediate aim then was to earn enough to get a credit card ($2500). TO me, it was like a status symbol. Something to proved that "I made it!". Then when I earned enough to get a normal credit card, I wanted to hit a citibank gold card. ($45k per annum). I worked hard... and I got it. Then I wanted to be eligible for a platinum card... worked my way up and hey! I earned enough to get a platinum card!... BAck then, the rules were stricter, there were strict and clear income requirements between normal, gold and platinum card. I even purposely display my cards in the most prominent in my wallet. But later I realized that this was just a front to boost my ego. I've grown past that stage now. My cards are hidden inside my wallet and cannot be seen unless i pull it out.

 

 

Now, any body can apply for a platinum card. Its nothing more than a gimmick to me. It has lost that status symbol.

 

 

Needless to say, back then, I happily used up my credit limit and end up paying interests only. The "extra" cash comes in handy and you see yourself buying things that you dont need before. I was earning good money but I was also paying good money (interest) to the bank too! I am debt free now and I only use my credit card when I am buying expensive things (to get the points) or for some BIG discounts or when I am overseas and I got no local curreny to use.

 

 

So to those of you out there trying to get a credit card, take it from me. These "extra" spending power are not real. Use it only if you have the ability to pay back the next month. But it does comes in very handy especially when you are overseas or buying things over the net.

correct.... UOB platinum card annual income $30k can get liao........

[Replica]

not all bank will do it "off record"... dbs quite strict, although u may have 30k p.a, but they will still reject u.. what i heard is they wan 30k, excluding bonus, which is about 2.5k salary per month... zzzz.....

 

 

hey dude, think u got it wrong... the 30k u mention is inclusive of bonus, OT and etc... ur monthly pay dun have to be 2.5k... as long as ur annual income is 30k, u r eligible for it..

[Wildswans]

These days plantinium cards are very common

[Wildswans]

Its either 3 mths income statements or IR8A

[Replica]

Its either 3 mths income statements or IR8A

 

if ur income is variable then the bank might need more documents from u... normally ir8a and income tax shld be sufficient...

[Wildswans]

Yah.......

 

Sometimes bank account statement also....

[daojeff]

Yah.......

 

Sometimes bank account statement also....

i thought only for loans den they will look at your bank statement?? hmmm... so troublesome might as well dun apply for any card...